FUN. SERIOUS BUSINESS CAN ALSO BE SERIOUS. Presenting HDFC MF FinIQ mobile applearn about mutual funds in a fun way. Byte-sized information

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1 April 2018 SERIOUS BUSINESS CAN ALSO BE SERIOUS FUN. Presenting HDFC MF FinIQ mobile applearn about mutual funds in a fun way. Byte-sized information Infographics Quizzes Easy to use Videos DOWNLOAD NOW MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

2 GLOSSARY Sharpe Ratio Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off investing in risk-free assets. Beta Beta (ß) of a portfolio is a number indicating the relation between portfolio returns with that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in comparison to the market as a whole. Modified Duration A formula that expresses the measurable change in the value of a security in response to a change in interest rates. Modified duration of portfolio can be used to anticipate the change in market value of portfolio for every change in portfolio yield. Standard Deviation A statistical measure that defines expected volatility/risk associated with a portfolio. This explains the variation/deviation from the average returns delivered by the portfolio. A higher standard deviation means higher volatility (risk) and a lower standard deviation means lower volatility. Risk Free Return The theoretical rate of return of an investment with safest (zero risk) investment in a country. Tracking Error Tracking error indicates how closely the portfolio return is tracking the benchmark Index return. It measures the deviation between portfolio return and benchmark index return. A lower tracking error indicates portfolio closely tracking benchmark index and higher tracking error indicates portfolio returns with higher deviation from benchmark index returns. Total Expense Ratio Total expenses charged to scheme for the month expressed as a percentage to average monthly net assets. Average Maturity Weighted average maturity of the securities in scheme. Yield (Yield To Maturity) Weighted average yield of the securities in scheme portfolio. Turnover Ratio Turnover Ratio is the percentage of a fund s holdings that have changed in a given year. This ratio measures the fund s trading activity, which is computed by taking the lesser of purchases or sales and dividing by average monthly net assets. HOW TO READ FACTSHEET Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the NIFTY, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1 %, the investor will enter the fund at Rs (Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor). Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Exit Load. For instance if the NAV is Rs. 100 and the exit load is 1%, the investor will receive Rs. 99. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Ratio ( Beta) Beta is a measure of an investment s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. Average portfolio PE (Average P/E) It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio price to book ratio (Average P/BV) It is price to book value of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio dividend yield (Average Dividend Yield) It is dividend yield of the stocks calculated for the entire portfolio on a weighted average basis. Net Equity Net equity level is the net equity exposure percentage adjusted for any derivative positions in stocks or index for hedging or rebalancing purpose. R Squared It is a statistical measure of how closely the portfolio returns are correlated with its benchmark. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. 2 April 2018 Intouch mutually

3 Market Review Equity Market update Debt Market update Indian equity markets started on a positive note in FY19 and were up 6% in April buoyed by upbeat start of 4QFY18 earnings. While the US markets were flat, other key global equity markets barring China fared well. The table below gives the details of performance of key domestic and global indices. % Change in Indices CY M CY 2018 YTD S&P BSE India Auto (3.4) S&P BSE India Bankex (0.7) S&P BSE India Capital Goods S&P BSE India FMCG S&P BSE India Healthcare (4.4) S&P BSE India Metal (4.4) S&P BSE India Power (6.0) S&P BSE India Oil & Gas 34.0 (1.3) (11.4) S&P BSE India IT S&P BSE SENSEX NIFTY NIFTY Midcap (4.0) % Change in Indices CY M CY 2018 YTD S&P FTSE (2.3) DAX (2.4) CAC Nikkei (1.3) Hang Seng KOSPI Shanghai 6.6 (2.7) (6.8) MSCI Emerging Market Index 34.3 (0.6) 0.5 During the month, Brent crude and Aluminum were key gainers up 9% and 13% respectively. Performance of other commodities was mixed. FPIs sold Indian equities worth US$0.8 bn. In FY18 net inflows in domestic equity oriented mutual funds were close to Rs 240,000 crores vs Rs 93,502 in FY17. Amongst the results declared so far, FMCG and auto earnings were below expectations, while IT, cement and banks delivered results upto or better than expectations. Macro-economic parameters of India like fiscal deficit, current account deficit, FDI, inflation are healthy and growth is expected to further accelerate with improvement in capex. Equity Markets are at an interesting juncture. The phase of weak earnings growth appears to be behind. Driven by improving fundamentals of key sectors like corporate banks, capital goods, metals etc. the profit growth should improve in future. In view of this, markets hold promise over the medium to long term in our opinion. Global events, sharp moderation in local flows and delays in NPA resolution under NCLT are key risks. The yield on 10-year benchmark (7.17% GoI 2028) ended the month of April at 7.77%, up by 37 bps over the previous month end. The yield on 10-year AAA Corporate Bonds ended the month at 8.36% as against 8.14% at the end of March Thus, corporate bond spreads during the month narrowed to 44 bps as against 60 bps in the previous month (spread against 7.17% GoI 2028). Liquidity conditions became positive during the month of April As against ~Rs. 28,332 crs of average liquidity injected by RBI during the month of March 2018 through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs. 47,387 crs of liquidity was absorbed by RBI during the month of April The overnight rate ended lower at 6.00% as against 9.39% as at end of March INR depreciated by 2.27% during the month to close at versus the USD in April 2018 as against in March The net FII investment in debt was an outflow of ~US$ 1.5 billion (preliminary) in April 2018, as against an outflow of US$ 1.40 billion in March In the four months of calendar year 2018 net FII investment in debt was an outflow of ~US$1.6bn. The annual rate of retail inflation, CPI decreased to 4.28 % YoY in March 2018, compared to 4.44% in Feb 2018 largely due to fall in vegetable prices. The food and beverage inflation decreased to 3.01% in Mar 18 from 3.46% in Feb 18. The Core CPI (excl. food, transportation, fuel & pan tobacco) increased to 5.73% in the month of Mar 2018 from 5.59% in the previous month. During the month minutes of the Monetary Policy Committee (MPC) meeting of April 4-5, 2018, were released, wherein a key surprise was that Dr. Viral Acharya signaled that he was likely to shift decisively to vote for beginning of withdrawal of accommodation in the next MPC meeting in June. Most of the MPC members were confident on the growth outlook while being uncertain on the inflation outlook and hence preferred a wait-and-watch approach. With a view to attract portfolio flows, RBI revised the operational guidelines for investments by foreign portfolio investors (FPIs) in debt wherein minimum residual maturity restriction (of three years) was lifted with certain conditions for all debt categories. Outlook The release of the minutes of MPC meeting (4-5 Apr) revived fears of an early rate hike in the market which once again led to yields firming up during the month. Given the uncertainty due to the likely impact of upward revision in MSPs on inflation, improving economic activity, credit growth outpacing deposit growth, fiscal pressures, and rising US bond yields we prefer to maintain a cautious stance. Thus, we continue to recommend investment in short to medium duration debt funds. In view of the above, there is merit in increasing allocation to equities or in staying invested as the case may be (for those with a medium to long term view and in line with individual risk appetite). Source for various data points: Bloomberg, Reuters Intouch mutually April

4 CONTENTS Page No. WEALTH CREATION SOLUTIONS Actively Managed Funds Hdfc Growth Fund... 5 Hdfc Equity Fund... 6 Hdfc Top 200 Fund... 7 Hdfc Capital Builder Fund... 8 Hdfc Core & Satellite Fund... 9 Hdfc Premier Multi-Cap Fund Hdfc Large Cap Fund Hdfc Mid-Cap Opportunities Fund Hdfc Small Cap Fund Hdfc Infrastructure Fund Hdfc Balanced Fund Hdfc Equity Savings Fund Hdfc Prudence Fund Passively Managed Funds Hdfc Index Fund - Sensex Plan Hdfc Index Fund - NIFTY Plan Hdfc Index Fund - Sensex Plus Plan Hdfc Sensex Etf Hdfc NIFTY Etf Page No. RegULAR Income SOLUTIONS Hdfc MF Monthly Income Plan - Short Term Plan Hdfc MF Monthly Income Plan - Long Term Plan Hdfc Multiple Yield Fund - Plan SAVINgs SOLUTIONS Hdfc Arbitrage Fund Hdfc Income Fund Hdfc High Interest Fund - Dynamic Plan Hdfc High Interest Fund - Short Term Plan Hdfc Regular Savings Fund Hdfc Short Term Opportunities Fund Hdfc Medium Term Opportunities Fund Hdfc Gilt Fund - Short Term Plan Hdfc Gilt Fund - Long Term Plan Hdfc Floating Rate Income Fund - Short Term Plan Hdfc Floating Rate Income Fund - Long Term Plan Hdfc Liquid Fund Hdfc Cash Management Fund - Savings Plan Hdfc Cash Management Fund - Treasury Advantage Plan Hdfc Corporate Debt Opportunities Fund Hdfc Banking and Psu Debt Fund Tax SAVINgs SOLUTIONS Hdfc Taxsaver Goal Oriented Solutions Hdfc Children s Gift Fund Hdfc Retirement Savings Fund - Equity Plan Hdfc Retirement Savings Fund - Hybrid Equity Plan Hdfc Retirement Savings Fund - Hybrid Debt Plan Performance details of schemes managed by respective fund managers performance summary - Regular Plans performance summary - Direct Plans Performance of Category I - FPI Dividend History Disclaimer Note: Pursuant to SEBI circular nos. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 04, 2017 on Categorization and Rationalization of Mutual Fund s ( SEBI Circulars ), certain s of HDFC Mutual Fund are undergoing changes in Name / Fundamental Attributes / Merger (as applicable). For details, refer to the centre fold pull out pages of this booklet or notices dated March 27, 2018, April 5, 2018, April 12, 2018, April 19, 2018 and April 25, 2018 (2 notices) available on the website of the Fund Wealth Creation SOLUTIONS Tax SAVINgs SOLUTIONS Goal Oriented SOLUTIONS RegULAR Income SOLUTIONS SAVINgs SOLUTIONS Our range of offerings These schemes aim to increase your wealth over the long term by investing predominantly in equity instruments and it is suitable for investors with high risk appetite and relatively higher investment horizon. These schemes are eligible to provide tax deduction under Sec 80C and also aim to increase your wealth over the long term. This is an ideal solution for investors who would like to create wealth and save tax. These schemes aim to help you achieve your specific financial goals. It is ideal for investors planning for their retirement, future expenses like higher education of children, etc. These schemes aim to provide you with regular income. It is ideal for investors with medium risk appetite who wish to receive regular cash flows to meet specific needs like post retirement expenses, EMI, etc. at a fixed time horizon, e.g. monthly, quarterly, etc. These schemes have relatively lower equity exposure. These schemes aim to preserve your capital and provide you with ready liquidity by investing in debt and money market instruments. It is suitable for investors with low to medium risk appetite across time horizons (Short, Medium and Long term) Disclaimer: Investors are requested to note that the above investment solution(s) should not be construed as financial planning solution/recommendation by the Fund/ AMC. It does not in any manner, indicate or imply either the quality of any particular or guarantee any specific performance/returns. Such solutions must be tailored to investor s individual situation and objectives and therefore, investors should consult their financial advisors to ascertain whether the product is suitable for them. 4 April 2018 Intouch mutually

5 HDFC Growth Fund (An open-ended growth scheme) investment objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. Fund Manager Srinivas Rao Ravuri (since April 3, 06) Total Experience: Over 23 years Inception DATE (Date of Allotment) September 11, 2000 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , quantitative data Turnover Ratio (Last 1 year) 25.02% Risk Ratio Standard Deviation 4.466% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular 2.29% Direct 1.59% l #BENCHMARK INDEX: S&P BSE SENSEX (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Exit Load In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.65 ITC Ltd. Consumer Non Durables 6.67 Larsen & Toubro Ltd. Construction Project 6.21 Infosys Ltd. Software 5.77 ICICI Bank Ltd. Banks 5.73 Reliance Industries Ltd. Petroleum Products 5.05 Housing Development Finance Corporation Ltd. Finance 4.72 State Bank of India Banks 4.53 NTPC Ltd. Power 4.15 Oil & Natural Gas Corporation Ltd. Oil 3.36 Ambuja Cements Ltd. Cement 3.16 Power Grid Corporation of India Ltd. Power 3.08 GAIL (India) Ltd. Gas 3.03 Dilip Buildcon Ltd. Construction 2.84 Vedanta Ltd. Non - Ferrous Metals 2.48 Axis Bank Ltd. Banks 2.15 Cipla Ltd. Pharmaceuticals 2.09 Kalpataru Power Transmission Ltd. Power 2.01 Tata Steel Ltd. Ferrous Metals 1.99 Solar Industries India Ltd. Chemicals 1.97 Coal India Ltd. Minerals/Mining 1.96 Maruti Suzuki India Ltd. Auto 1.88 Mahindra & Mahindra Ltd. Auto 1.66 Tata Motors Ltd. DVR Auto 1.47 Tata Consultancy Services Ltd. Software 1.38 Hindalco Industries Ltd. Non - Ferrous Metals 1.27 Aurobindo Pharma Ltd. Pharmaceuticals 1.23 Eimco Elecon (India) Ltd. Industrial Capital Goods 1.04 Bank of Baroda Banks 1.02 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.99 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) 14, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Hindustan Petroleum Corporation Ltd. Petroleum Products 0.99 ICICI Securities Ltd. Finance 0.79 C & C Constructions Ltd. Construction 0.33 Jaiprakash Power Ventures Ltd. Power 0.21 Pennar Engineered Bldg Systems Ltd. Ferrous Metals 0.20 Sub Total Mutual fund Units HDFC Sensex Exchange Traded Fund 1.05 Sub Total 1.05 Net Current Assets 1.89 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Power 9.45 Software 7.15 Consumer Non Durables 6.67 Construction Project 6.21 Petroleum Products 6.04 Finance 5.51 Auto 5.01 Pharmaceuticals 4.31 Non - Ferrous Metals 3.75 Oil 3.36 Construction 3.17 Cement 3.16 Gas 3.03 Ferrous Metals 2.19 Chemicals 1.97 Minerals/Mining 1.96 Industrial Capital Goods (`) Apr 28, 17 Last 1 Year ,396 11,888 11,691 Apr 30, 15 Last 3 Years ,390 13,572 13,640 Apr 30, 13 Last 5 Years ,526 19,387 19,286 Sep 11, 00 Since Inception ,514 99,179 94,357 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Intouch mutually April

6 HDFC Equity Fund (An open-ended growth scheme) To achieve capital appreciation. l Fund Manager Prashant Jain (since June 19, 03) Total Experience: Over 26 years January 1, 1995 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 29.91% Risk Ratio Standard Deviation 5.115% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.04% Direct: 1.14% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of medium to large sized companies. Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related Larsen & Toubro Ltd. Construction Project 8.63 ICICI Bank Ltd. Banks 8.61 State Bank of India Banks 8.58 Infosys Ltd. Software 7.84 HDFC Bank Ltd. Banks 5.63 Reliance Industries Ltd. Petroleum Products 4.53 NTPC Ltd. Power 3.29 Power Grid Corporation of India Ltd. Power 2.94 Tata Consultancy Services Ltd. Software 2.92 cesc Ltd. Power 2.88 Balkrishna Industries Ltd. Auto Ancillaries 2.55 GAIL (India) Ltd. Gas 2.42 Bank of Baroda Banks 2.38 Tata Steel Ltd. Ferrous Metals 2.23 Aurobindo Pharma Ltd. Pharmaceuticals 1.86 Housing Development Finance Corporation Ltd. Finance 1.86 ITC Ltd. Consumer Non Durables 1.82 Avenue Supermarts Ltd. Retailing 1.73 Kalpataru Power Transmission Ltd. Power 1.57 Tata Chemicals Ltd. Chemicals 1.56 Vedanta Ltd. Non - Ferrous Metals 1.47 Cipla Ltd. Pharmaceuticals 1.44 Siemens Ltd. Industrial Capital Goods 1.44 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 1.34 Axis Bank Ltd. Banks 1.32 Bharat Petroleum Corporation Ltd. Petroleum Products 1.18 Canara Bank Banks 1.16 Oracle Financial Services Software Ltd. Software 1.13 Rural Electrification Corporation Ltd. Finance 1.12 Simplex Infrastructures Ltd. Construction 1.09 Punjab National Bank Banks 1.06 Prism Cement Ltd. Cement 1.02 BEML Ltd. Industrial Capital Goods 0.91 Container Corporation of India Ltd. Transportation 0.87 UPL Ltd. Pesticides 0.80 Info Edge (India) Ltd. Software 0.78 Time Technoplast Ltd. Industrial Products 0.72 Praj Industries Ltd. Industrial Capital Goods 0.70 Bharat Dynamics Limited Industrial Capital Goods 0.65 Reliance Nippon Life Asset Management Ltd. Finance 0.57 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) 67, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period Company Industry + % to NAV Tata Motors Ltd. Auto 0.54 Mahindra & Mahindra Ltd. Auto 0.47 Dish TV India Ltd. Media & Entertainment 0.44 Oriental Bank of Commerce Banks 0.36 Ramco Systems Ltd. Software 0.30 Hindustan Construction Company Ltd. Construction Project 0.28 Siti Networks Ltd. Media & Entertainment 0.23 Sadbhav Infrastructure Project Ltd. (Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 0.16 Jaiprakash Power Ventures Ltd. Power 0.10 KSK Energy Ventures Ltd. Power 0.08 Gammon Infrastructure Projects Ltd. Construction Project 0.06 Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02 Sub Total 0.02 Total Net Current Assets 0.36 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Power Construction Project Petroleum Products Industrial Capital Goods Finance Pharmaceuticals Auto Ancillaries Gas Ferrous Metals Consumer Non Durables Retailing Chemicals Non - Ferrous Metals Construction Cement Auto Transportation Pesticides Industrial Products Media & Entertainment (`) Apr 28, 17 Last 1 Year ,074 11,691 11,691 Apr 30, 15 Last 3 Years ,550 14,586 13,640 Apr 30, 13 Last 5 Years ,099 21,693 19,286 Jan 01, 95 Since Inception , , ,740 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. For performance of other schemes managed by Prashant Jain, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Jan 02, 95 (data for Jan 01, 95 is not available) to June 29, 99 and TRI values since June 30, 99. ~ Investors should consult their financial advisers if in doubt Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. 6 April 2018 Intouch mutually

7 HDFC Top 200 Fund (An open-ended growth scheme) To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the may also invest in listed companies that would qualify to be in the top 200 by market capitalisation on the BSE even though they may not be listed on the BSE. This includes participation in large IPOs where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation. l Fund Manager Prashant Jain (since June 19, 03) Total Experience: Over 26 years October 11, 1996 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2018 Average for Month of April, , , Turnover Ratio (Last 1 year) 34.07% Risk Ratio Standard Deviation 4.815% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.06% Direct: 1.31% l #BENCHMARK INDEX: S&P BSE 200 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the S&P BSE 200 Index. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 7.32 Infosys Ltd. Software 7.03 Larsen & Toubro Ltd. Construction Project 6.70 ICICI Bank Ltd. Banks 6.22 State Bank of India Banks 5.82 Reliance Industries Ltd. Petroleum Products 5.48 ITC Ltd. Consumer Non Durables 4.74 Housing Development Finance Corporation Ltd. Finance 4.63 NTPC Ltd. Power 3.41 Tata Consultancy Services Ltd. Software 3.27 Power Grid Corporation of India Ltd. Power 2.78 Axis Bank Ltd. Banks 2.19 CESC Ltd. Power 1.98 GAIL (India) Ltd. Gas 1.92 Tata Chemicals Ltd. Chemicals 1.65 Tata Steel Ltd. Ferrous Metals 1.60 Avenue Supermarts Ltd. Retailing 1.57 Aurobindo Pharma Ltd. Pharmaceuticals 1.55 Mahindra & Mahindra Ltd. Auto 1.45 Bank of Baroda Banks 1.41 Vedanta Ltd. Non - Ferrous Metals 1.37 Ambuja Cements Ltd. Cement 1.23 Cipla Ltd. Pharmaceuticals 1.18 Canara Bank Banks 1.16 Coal India Ltd. Minerals/Mining 1.14 Siemens Ltd. Industrial Capital Goods 1.11 ABB India Ltd. Industrial Capital Goods 1.09 HCL Technologies Ltd. Software 1.07 Power Finance Corporation Ltd. Finance 1.04 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.98 Bharat Petroleum Corporation Ltd. Petroleum Products 0.94 UPL Ltd. Pesticides 0.89 Bank of India Banks 0.89 Oracle Financial Services Software Ltd. Software 0.82 Oil & Natural Gas Corporation Ltd. Oil 0.81 Tech Mahindra Ltd. Software 0.80 Punjab National Bank Banks 0.67 Rural Electrification Corporation Ltd. Finance 0.66 Bharti Airtel Ltd. Telecom - Services 0.65 Bharat Electronics Ltd. Industrial Capital Goods 0.63 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.63 Union Bank of India Banks 0.61 Steel Authority of India Ltd. Ferrous Metals 0.57 Tata Motors Ltd. Auto 0.54 Container Corporation of India Ltd. Transportation 0.52 Wipro Ltd. Software 0.51 Dish TV India Ltd. Media & Entertainment 0.48 Indusind Bank Ltd. Banks 0.42 Kotak Mahindra Bank Ltd. Banks 0.40 NHPC Ltd. Power 0.34 Hindalco Industries Ltd. Non - Ferrous Metals 0.31 Yes Bank Ltd. Banks 0.30 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) $$ 35, , , (Annualised) $$ (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period $$ (`) $$ Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Indian Oil Corporation Ltd. Petroleum Products 0.29 Lupin Ltd. Pharmaceuticals 0.24 Century Textiles & Industries Ltd. Cement 0.21 SBI Life Insurance Company Ltd. Finance 0.21 Tata Global Beverages Ltd. Consumer Non Durables 0.20 Maruti Suzuki India Ltd. Auto 0.17 The Federal Bank Ltd. Banks 0.13 Info Edge (India) Ltd. Software 0.13 Idea Cellular Ltd. Telecom - Services 0.10 Divi's Laboratories Ltd. Pharmaceuticals 0.07 LIC Housing Finance Ltd. Finance 0.05 Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02 Vedanta Ltd. Non - Ferrous Sub Total 0.02 Total Net Current Assets 0.70 Top Ten Holdings, Less than 0.01% Outstanding exposure in derivative instruments (` in Crore) Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) 0.69 Industry Allocation of Equity Holding (% of Net Assets) Banks Software Power Petroleum Products Construction Project Finance Consumer Non Durables Pharmaceuticals Industrial Capital Goods Ferrous Metals Auto Gas Non - Ferrous Metals Chemicals Retailing Cement Minerals/Mining Pesticides Oil Telecom - Servicesa Transportation Media & Entertainment Apr 28, 17 Last 1 Year ,893 11,704 11,888 Apr 30, 15 Last 3 Years ,475 14,367 13,572 Apr 30, 13 Last 5 Years ,383 21,230 19,387 Oct 11, 96 Since Inception , , ,803 greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Prashant Jain, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from Oct 11, 96 to July 31, 06 and TRI values since Aug 01, 06. Intouch mutually April

8 HDFC Capital Builder Fund (An open-ended growth scheme) This is a simple and performing scheme which is eligible for distribution by new cadre of distributors. To achieve capital appreciation in the long term. l Fund Manager Miten Lathia (since Mar 20, 17) Total Experience: Over 18 years February 1, 1994 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 38.56% Risk Ratio Standard Deviation 4.583% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.30% Direct: 1.30% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of strong companies. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 8.68 ITC Ltd. Consumer Non Durables 5.06 Reliance Industries Ltd. Petroleum Products 4.00 Yes Bank Ltd. Banks 3.88 GAIL (India) Ltd. Gas 3.27 Indusind Bank Ltd. Banks 3.06 Infosys Ltd. Software 2.96 Bharat Petroleum Corporation Ltd. Petroleum Products 2.93 Vedanta Ltd. Non - Ferrous Metals 2.89 Housing Development Finance Corporation Ltd. Finance 2.84 Axis Bank Ltd. Banks 2.70 Larsen & Toubro Ltd. Construction Project 2.64 NTPC Ltd. Power 2.36 Persistent Systems Ltd. Software 2.25 Kotak Mahindra Bank Ltd. Banks 2.01 Cipla Ltd. Pharmaceuticals 2.01 Ambuja Cements Ltd. Cement 1.94 Tata Steel Ltd. Ferrous Metals 1.89 ICICI Bank Ltd. Banks 1.77 Aurobindo Pharma Ltd. Pharmaceuticals 1.67 NHPC Ltd. Power 1.60 General Insurance Corporation of India Finance 1.53 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.48 State Bank of India Banks 1.45 Dish TV India Ltd. Media & Entertainment 1.38 Oracle Financial Services Software Ltd. Software 1.36 Dilip Buildcon Ltd. Construction 1.36 Cochin Shipyard Ltd. Industrial Capital Goods 1.30 Tata Motors Ltd. Auto 1.25 VIP Industries Ltd. Consumer Durables 1.24 Bharat Dynamics Limited Industrial Capital Goods 1.24 Solar Industries India Ltd. Chemicals 1.12 Ashoka Buildcon Ltd. Construction Project 1.08 Bajaj Corp Ltd. Consumer Non Durables 1.05 Tata Chemicals Ltd. Chemicals 0.98 Mahindra Logistics Ltd. Transportation 0.97 Apollo Tyres Ltd. Auto Ancillaries 0.96 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 0.93 Gujarat Pipavav Port Ltd. Transportation 0.87 Voltas Ltd. Construction Project 0.86 Delta Corp Ltd. Hotels, Resorts & Other Recreational Activities 0.86 Newgen Software Technologies Ltd. Software 0.84 Max Financial Services Ltd. Finance 0.79 Wonderla Holidays Ltd. Hotels, Resorts & Other Recreational Activities 0.79 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) 44, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,823 11,691 11,691 Apr 30, 15 Last 3 Years ,279 14,586 13,640 Apr 30, 13 Last 5 Years ,259 21,693 19,286 Feb 01, 94 Since Inception , , ,165 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Miten Lathia, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 66. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 PRI values from Feb 01, 94 to Dec 31, 94 and TRI values since Jan 01, 95. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94 to June 29, 99 and TRI values since June 30, 99. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Blue Star Ltd. Consumer Durables 0.76 Trent Ltd. Retailing 0.76 TV18 Broadcast Ltd. Media & Entertainment 0.74 Sadbhav Infrastructure Project Ltd. (Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 0.72 Entertainment Network (India) Ltd. Media & Entertainment 0.68 Info Edge (India) Ltd. Software 0.60 Wockhardt Ltd. Pharmaceuticals 0.56 Schaeffler India Ltd. Industrial Products 0.54 Matrimony.com Ltd. Services 0.51 Indoco Remedies Ltd. Pharmaceuticals 0.39 Titagarh Wagons Ltd. Industrial Capital Goods 0.38 Network 18 Media & Investments Ltd. Media & Entertainment 0.36 OnMobile Global Ltd. Telecom - Services 0.10 KSK Energy Ventures Ltd. Power 0.07 Sub Total Net Current Assets 4.73 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Consumer Non Durables Petroleum Products Pharmaceuticals Construction Project Finance Power Gas Media & Entertainment Industrial Capital Goods Non - Ferrous Metals Chemicals Consumer Durables Cement Ferrous Metals Transportation Hotels, Resorts & Other Recreational Activities Construction Auto Auto Ancillaries Retailing Industrial Products Services Telecom - Services April 2018 Intouch mutually 23.55

9 HDFC Core & Satellite Fund (An open-ended growth scheme) To generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value. l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 27 years September 17, 2004 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 21.32% Risk Ratio Standard Deviation 5.225% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.51% Direct: 1.46% l #BENCHMARK INDEX: S&P BSE 200 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their true value. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 8.91 Infosys Ltd. Software 7.66 cipla Ltd. Pharmaceuticals 7.64 Larsen & Toubro Ltd. Construction Project 7.55 ICICI Bank Ltd. Banks 6.37 cesc Ltd. Power 5.34 State Bank of India Banks 4.43 NHPC Ltd. Power 4.27 Tata Motors Ltd. DVR Auto 3.81 Titagarh Wagons Ltd. Industrial Capital Goods 3.68 Elecon Engineering Co. Ltd. Industrial Capital Goods 3.65 KEC International Ltd. Construction Project 3.42 NTPC Ltd. Power 3.38 Bharat Electronics Ltd. Industrial Capital Goods 3.15 Kalpataru Power Transmission Ltd. Power 2.94 Bharat Petroleum Corporation Ltd. Petroleum Products 2.82 PNC Infratech Ltd. Construction 2.13 BSE Ltd. Finance 1.82 Tata Motors Ltd. Auto 1.22 Transport Corporation of India Ltd. Transportation 1.18 ITC Ltd. Consumer Non Durables 0.92 Maruti Suzuki India Ltd. Auto 0.90 Hindustan Construction Company Ltd. Construction Project 0.72 Company Industry + / Rating % to NAV Gujarat Pipavav Port Ltd. Transportation 0.06 Sub Total Debt & Debt Related Credit Exposure AU Small Finance Bank Ltd. FITCH - AA Sub Total 0.72 Total 0.72 Net Current Assets Top Ten Holdings Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 4, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,875 11,704 11,888 Apr 30, 15 Last 3 Years ,025 14,367 13,572 Apr 30, 13 Last 5 Years ,903 21,230 19,387 Sep 17, 04 Since Inception ,719 76,352 76,503 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Vinay Kulkarni, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from Sep 17, 04 to July 31, 06 and TRI values since Aug 01, 06. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Industry Allocation of Equity Holding (% of Net Assets) Intouch mutually April Banks Power Construction Project Industrial Capital Goods Software Pharmaceuticals Auto Petroleum Products Construction Finance Transportation Consumer Non Durables

10 HDFC Premier Multi-cap Fund (An open-ended growth scheme) To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap blue chip companies. l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 27 years April 6, 2005 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 37.26% Risk Ratio Standard Deviation 5.460% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.61% Direct: 1.96% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net ASSETS) Large Cap 60.89% Mid Cap 34.53% Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Mid Cap and Large Cap blue chip companies. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related Larsen & Toubro Ltd. Construction Project 9.62 HDFC Bank Ltd. Banks 9.05 ICICI Bank Ltd. Banks 7.79 KEC International Ltd. Construction Project 6.41 Tata Steel Ltd. Ferrous Metals 6.06 State Bank of India Banks 5.94 Maruti Suzuki India Ltd. Auto 5.82 Infosys Ltd. Software 5.51 Bharat Petroleum Corporation Ltd. Petroleum Products 3.85 Bharat Electronics Ltd. Industrial Capital Goods 3.49 NTPC Ltd. Power 3.13 Dilip Buildcon Ltd. Construction 3.07 Capacit'e Infraprojects Ltd. Construction 2.95 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 2.86 Tata Chemicals Ltd. Chemicals 2.77 Cipla Ltd. Pharmaceuticals 2.41 Hindustan Construction Company Ltd. Construction Project 2.26 TV18 Broadcast Ltd. Media & Entertainment 2.25 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.98 Axis Bank Ltd. Banks 1.71 Punjab National Bank Banks 1.58 MAS Financial Services Ltd. Finance 1.21 Titagarh Wagons Ltd. CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.99 Industrial Capital Goods 0.93 Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 3, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,451 11,691 11,691 Apr 30, 15 Last 3 Years ,597 14,586 13,640 Apr 30, 13 Last 5 Years ,162 21,693 19,286 Apr 06, 05 Since Inception ,502 61,941 61,121 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Vinay Kulkarni, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Astra Microwave Products Ltd. Telecom - Equipment And Accessories 0.85 Tamil Nadu Newsprint & Papers Ltd. Paper 0.85 Kalpataru Power Transmission Ltd. Power 0.04 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 0.03 Sub Total Net Current Assets 4.59 Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) Banks Construction Project Ferrous Metals 6.06 Construction 6.02 Auto 5.82 Software 5.51 Industrial Capital Goods 5.41 Pharmaceuticals 4.39 Petroleum Products 3.85 Power 3.17 Hotels, Resorts & Other Recreational Activities 2.86 Chemicals 2.77 Media & Entertainment 2.25 Finance 1.21 Telecom - Equipment And Accessories 0.85 Paper 0.85 Consumer Durables April 2018 Intouch mutually

11 HDFC Large Cap Fund (An open-ended equity scheme) To provide long-term capital appreciation by investing predominantly in large cap companies. l Fund Manager Vinay Kulkarni (since June 27, 14) Total Experience: Over 27 years February 18, 1994 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 16.32% Risk Ratio Standard Deviation 4.364% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.21% Direct: 2.11% l #BENCHMARK INDEX: NIFTY 50 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Company Industry + % to NAV Equity & Equity Related Larsen & Toubro Ltd. Construction Project 9.78 Reliance Industries Ltd. Petroleum Products 9.68 HDFC Bank Ltd. Banks 9.23 ICICI Bank Ltd. Banks 8.50 State Bank of India Banks 7.79 NTPC Ltd. Power 7.16 Axis Bank Ltd. Banks 5.93 Bharat Petroleum Corporation Ltd. Petroleum Products 5.92 Infosys Ltd. Software 5.77 Mahindra & Mahindra Ltd. Auto 4.52 Tata Motors Ltd. DVR Auto 3.52 Indusind Bank Ltd. Banks 3.48 GAIL (India) Ltd. Gas 3.44 Tata Consultancy Services Ltd. Software 2.38 Vedanta Ltd. Non - Ferrous Metals 1.28 Power Grid Corporation of India Ltd. Power 0.82 Indian Oil Corporation Ltd. Petroleum Products 0.49 UltraTech Cement Ltd. Cement 0.30 Yes Bank Ltd. Banks 0.29 Sub Total Company Industry + % to NAV foreign security AND / OR OVERSEAS ETF(S) cognizant Technology Solutions Corp Software 3.93 Sub Total 3.93 Total Net Current Assets 5.79 Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) $$ 2, , (Annualised) $$ (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Banks Petroleum Products Software Construction Project Auto Power Gas Non - Ferrous Metals Cement Capital appreciation over long term. Investment in equity and equity related instruments of Large Cap companies. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Date Period $$ (`) $$ Apr 28, 17 Last 1 Year ,842 11,691 11,888 Apr 30, 15 Last 3 Years ,499 13,640 13,572 Apr 30, 13 Last 5 Years ,608 19,286 19,387 Feb 18, 94 Since Inception , , ,267 greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV. For performance of other schemes managed by Vinay Kulkarni, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 18, 94 to Jun 29, 99 and TRI values since Jun 30, 99. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from Feb 18, 94 to Aug 18, 96 and TRI values since Aug 19, 96. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

12 HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme) To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. l Fund Manager Chirag Setalvad (since June 25, 07) Total Experience: Over 18 years June 25, 2007 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2018 Average for Month of April, , , Turnover Ratio (Last 1 year) 61.23% Risk Ratio Standard Deviation 4.445% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.21% Direct: 1.16% l #BENCHMARK INDEX: NIFTY Midcap 100 (Total Index) (w.e.f. April 02, 2018) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net ASSETS) Large Cap 0.00% Mid Cap 95.55% Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small and Mid Cap companies. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + / Rating % to NAV Equity & Equity Related cholamandalam Investment and Finance Company Ltd. Finance 4.41 Sundram Fasteners Ltd. Auto Ancillaries 4.04 Balkrishna Industries Ltd. Auto Ancillaries 3.90 Voltas Ltd. Construction Project 3.20 Hexaware Technologies Ltd. Software 2.94 Aarti Industries Ltd. Chemicals 2.62 city Union Bank Ltd. Banks 2.52 TI Financial Holdings Ltd. Finance 2.50 RBL Bank Ltd. Banks 2.47 Exide Industries Ltd. Auto Ancillaries 2.29 Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.29 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 2.01 Apollo Tyres Ltd. Auto Ancillaries 2.01 Edelweiss Financial Services Ltd. Finance 2.01 MRF Ltd. Auto Ancillaries 1.99 Indian Bank Banks 1.98 Dilip Buildcon Ltd. Construction 1.90 The Federal Bank Ltd. Banks 1.85 SKF India Ltd. Industrial Products 1.81 Carborundum Universal Ltd. Industrial Products 1.80 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 1.72 Trent Ltd. Retailing 1.69 KEC International Ltd. Construction Project 1.67 Arvind Ltd. Textile Products 1.65 AIA Engineering Ltd. Industrial Products 1.63 NIIT Technologies Ltd. Software 1.63 VST Industries Ltd. Consumer Non Durables 1.49 Max Financial Services Ltd. Finance 1.46 KNR Constructions Ltd. Construction 1.43 Jagran Prakashan Ltd. Media & Entertainment 1.40 Supreme Industries Ltd. Industrial Products 1.39 Whirlpool of India Ltd. Consumer Durables 1.37 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.36 Reliance Nippon Life Asset Management Ltd. Finance 1.33 IPCA Laboratories Ltd. Pharmaceuticals 1.31 Divi's Laboratories Ltd. Pharmaceuticals 1.18 Atul Ltd. Chemicals 1.18 Redington (India) Ltd. Transportation 1.18 Greenply Industries Ltd. Consumer Durables 1.09 Navneet Education Ltd. Media & Entertainment 1.06 Karur Vysya Bank Ltd. Banks 1.03 Solar Industries India Ltd. Chemicals 1.02 Blue Star Ltd. Consumer Durables 1.00 Greenlam Industries Ltd. Consumer Durables 0.99 Schaeffler India Ltd. Industrial Products 0.98 Larsen & Toubro Infotech Ltd. Software 0.94 Capital First Ltd. Finance 0.88 Punjab National Bank Banks 0.87 Tube Investments of India Ltd. Auto Ancillaries 0.86 Symphony Ltd. Consumer Durables 0.85 Union Bank of India Banks 0.78 Delta Corp Ltd. Hotels, Resorts & Other Recreational Activities 0.76 Oil India Ltd. Oil 0.72 Grindwell Norton Ltd. Industrial Products 0.61 Cummins India Ltd. Industrial Products 0.58 Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 4, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,613 11,328 11,691 Apr 30, 15 Last 3 Years ,671 16,581 13,640 Apr 30, 13 Last 5 Years ,156 27,646 19,286 Jun 25, 07 Since Inception ,296 40,145 28,582 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + / Rating % to NAV Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.57 Persistent Systems Ltd. Software 0.56 Vesuvius India Ltd. Industrial Products 0.53 Thermax Ltd. Industrial Capital Goods 0.44 Dhanuka Agritech Ltd. Pesticides 0.42 Vardhman Textiles Ltd. Textiles - Cotton 0.41 Bata India Ltd. Consumer Durables 0.38 Strides Shasun Ltd. Pharmaceuticals 0.33 Tata Chemicals Ltd. Chemicals 0.25 Solara Active Pharma Sciences Aditya Birla Nuvo Ltd. Aurobindo Pharma Ltd. Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.01 Sub Total 0.01 Total Debt & Debt Related Money Market Instruments CD/CP Vedanta Ltd. FITCH - A ICICI Bank Ltd. CARE - A Export - Import Bank of India CRISIL - A Sub Total 2.80 Net Current Assets 1.67 Top Ten Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Auto Ancillaries Finance Banks Industrial Products Consumer Durables Pharmaceuticals Software Chemicals Construction Project Hotels, Resorts & Other Recreational Activities Construction Media & Entertainment Retailing Textile Products Consumer Non Durables Transportation Oil Industrial Capital Goods Pesticides Textiles - Cotton April 2018 Intouch mutually

13 HDFC Small Cap Fund (An open-ended equity scheme) To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies. l Fund Manager Chirag Setalvad (since June 27, 14) Total Experience: Over 18 years April 3, 2008 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2018 Average for Month of April, , , Turnover Ratio (Last 1 year) 33.27% Risk Ratio Standard Deviation 4.825% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.27% Direct: 1.02% l #BENCHMARK INDEX: NIFTY Smallcap 100 (Total Index) (w.e.f. April 02, 2018) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net ASSETS) Mid Cap 5.95% Small Cap 80.57% Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small-Cap and Mid-Cap companies. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related Sonata Software Ltd. Software 3.40 SKF India Ltd. Industrial Products 3.07 chambal Fertilizers & Chemicals Ltd. Fertilisers 2.92 Aurobindo Pharma Ltd. Pharmaceuticals 2.89 Firstsource Solutions Ltd Software 2.85 carborundum Universal Ltd. Industrial Products 2.72 Redington (India) Ltd. Transportation 2.52 LG Balakrishnan & Bros Ltd. Auto Ancillaries 2.42 Power Mech Projects Ltd. Construction Project 2.34 Tata Metaliks Ltd. Ferrous Metals 2.07 Vardhman Textiles Ltd. Textiles - Cotton 1.95 NIIT Technologies Ltd. Software 1.89 TV Today Network Ltd. Media & Entertainment 1.86 Atul Ltd. Chemicals 1.86 Sharda Cropchem Ltd. Pesticides 1.84 EIH Ltd. Hotels, Resorts & Other Recreational Activities 1.84 Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.83 Oriental Carbon & Chemicals Ltd. Chemicals 1.77 Jagran Prakashan Ltd. Media & Entertainment 1.62 Nilkamal Ltd. Industrial Products 1.59 Apar Industries Ltd. Industrial Capital Goods 1.59 PNC Infratech Ltd. Construction 1.58 Advanced Enzyme Technologies Ltd. Consumer Non Durables 1.58 Kalpataru Power Transmission Ltd. Power 1.56 Merck Ltd. Pharmaceuticals 1.54 Vesuvius India Ltd. Industrial Products 1.52 Atul Auto Ltd. Auto 1.48 Sadbhav Engineering Ltd. Construction Project 1.37 Great Eastern Shipping Company Ltd. Transportation 1.35 Insecticides (India) Ltd. Pesticides 1.33 Tube Investments of India Ltd. Auto Ancillaries 1.33 Greenlam Industries Ltd. Consumer Durables 1.31 eclerx Services Ltd. Software 1.29 Lemon Tree Hotels Ltd. Hotels, Resorts & Other Recreational Activities 1.27 TI Financial Holdings Ltd. Finance 1.11 Indian Bank Banks 1.11 The Federal Bank Ltd. Banks 1.08 GNA Axles Ltd. Auto Ancillaries 1.07 D.B.Corp Ltd. Media & Entertainment 1.06 Goodyear India Ltd. Auto Ancillaries 1.04 KEI Industries Ltd. Industrial Products 0.89 V.S.T Tillers Tractors Ltd. Auto 0.88 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.88 Swaraj Engines Ltd. Industrial Products 0.87 Allahabad Bank Banks 0.82 Vijaya Bank Banks 0.81 Taj GVK Hotels & Resorts Ltd. Hotels, Resorts & Other Recreational Activities 0.80 Greenply Industries Ltd. Consumer Durables 0.71 Godrej Agrovet Ltd. Consumer Non Durables 0.66 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.64 Oriental Bank of Commerce Banks 0.64 Since Inception 5 year 10 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 3, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,337 11,361 11,691 Apr 30, 15 Last 3 Years ,051 15,822 13,640 Apr 30, 13 Last 5 Years ,522 27,566 19,286 Apr 03, 08 Since Inception ,011 25,817 25,350 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Everest Industries Ltd. Cement 0.56 Unichem Laboratories Ltd. Pharmaceuticals 0.52 Banco Products (I) Ltd. Auto Ancillaries 0.50 Sarla Performance Fibers Ltd. Textiles - Synthetic 0.49 Kirloskar Ferrous Industries Ltd Industrial Capital Goods 0.48 Titagarh Wagons Ltd. Industrial Capital Goods 0.48 Time Technoplast Ltd. Industrial Products 0.45 Amber Enterprises India Ltd. Consumer Durables 0.45 Mahindra Logistics Ltd. Transportation 0.35 Dixon Technologies (India) Ltd. Consumer Durables 0.32 NRB Bearing Ltd. Industrial Products 0.30 Mold-Tek Packaging Ltd. Industrial Products 0.29 Garware Wall Ropes Ltd. Textile Products 0.28 Hindustan Construction Company Ltd. Construction Project 0.27 Corporation Bank Banks 0.20 IFGL Refractories Ltd. Industrial Products 0.13 Debt & Debt Related Money Market Instruments CD/CP Export - Import Bank of India CRISIL - A Tata Power Company Ltd. CRISIL - A Sub Total 6.85 Net Current Assets 6.66 Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) Industrial Products Software 9.43 Auto Ancillaries 6.36 Industrial Capital Goods 5.02 Pharmaceuticals 4.95 Hotels, Resorts & Other Recreational Activities 4.79 Banks 4.66 Media & Entertainment 4.54 Transportation 4.22 Construction Project 3.98 Chemicals 3.63 Pesticides 3.17 Fertilisers 2.92 Consumer Durables 2.79 Auto 2.36 Consumer Non Durables 2.24 Ferrous Metals 2.07 Textiles - Cotton 1.95 Construction 1.58 Power 1.56 Finance 1.11 Cement 0.56 Textiles -Synthetic 0.49 Textile Products Intouch mutually April

14 HDFC Infrastructure Fund (An open-ended equity scheme) To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. l Fund Manager Srinivas Rao Ravuri (since March 20, 17) Total Experience: Over 23 years (The scheme was co-managed by Srinivas Rao Ravuri with Prashant Jain from inception till March 19, 17) March 10, 2008 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 12.31% Risk Ratio Standard Deviation 6.452% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.31% Direct: 1.51% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. Investors understand that their principal will be at high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related Larsen & Toubro Ltd. Construction Project State Bank of India Banks 8.53 ICICI Bank Ltd. Banks 7.58 JMC Projects (India) Ltd. Construction 5.24 cesc Ltd. Power 5.04 dilip Buildcon Ltd. Construction 4.63 Siemens Ltd. Industrial Capital Goods 3.49 Bank of Baroda Banks 3.38 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 3.19 B L Kashyap & Sons Ltd. Construction 2.96 Simplex Infrastructures Ltd. Construction 2.90 Astra Microwave Products Ltd. Telecom - Equipment And Accessories 2.85 J.Kumar Infraprojects Ltd. Construction 2.59 Premier Explosives Ltd. Chemicals 2.56 Hindustan Construction Company Ltd. Construction Project 2.49 Centum Electronics Ltd. Industrial Capital Goods 2.44 PNC Infratech Ltd. Construction 2.21 NTPC Ltd. Power 2.16 Dynamatic Technologies Ltd. Auto Ancillaries 1.92 BEML Ltd. Industrial Capital Goods 1.79 Canara Bank Banks 1.75 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 1.65 Tata Steel Ltd. Ferrous Metals 1.45 Punjab National Bank Banks 1.41 MEP Infrastructure Developers Ltd. Transportation 1.38 Vedanta Ltd. Non - Ferrous Metals 1.33 Gujarat Pipavav Port Ltd. Transportation 1.27 Ashoka Buildcon Ltd. Construction Project 1.18 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 1.11 Oil & Natural Gas Corporation Ltd. Oil 1.08 Mahindra Logistics Ltd. Transportation 1.00 Sadbhav Engineering Ltd. Construction Project 0.93 Power Finance Corporation Ltd. Finance 0.92 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.81 Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 0.74 Since Inception 5 year 10 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 2, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,338 11,691 11,691 Apr 30, 15 Last 3 Years ,157 14,586 13,640 Apr 30, 13 Last 5 Years ,900 21,693 19,286 Mar 10, 08 Since Inception ,797 27,204 25,202 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Gammon Infrastructure Projects Ltd. Construction Project 0.60 Corporation Bank Banks 0.42 KSK Energy Ventures Ltd. Power 0.41 Sanghvi Movers Ltd. Industrial Capital Goods 0.40 C & C Constructions Ltd. Construction 0.36 Rural Electrification Corporation Ltd. Finance 0.22 Pennar Engineered Bldg Systems Ltd. Ferrous Metals 0.21 Oriental Bank of Commerce Banks 0.19 Swelect Energy Systems Ltd. Industrial Capital Goods 0.19 Jaiprakash Power Ventures Ltd. Power 0.11 Easun Reyrolle Ltd. Industrial Capital Goods 0.07 Sub Total Net Current Assets 0.64 Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) 14 April 2018 Intouch mutually Banks Construction Construction Project Industrial Capital Goods Power Transportation Telecom - Equipment & Accessories Chemicals Auto Ancillaries Ferrous Metals Non - Ferrous Metals Finance Oil

15 HDFC Balanced Fund (An open-ended balanced scheme) To generate capital appreciation along with current income from a combined portfolio of equity & equity related and debt and money market instruments. l Fund Manager Chirag Setalvad (since April 2, 07) Total Experience - Over 18 years September 11, 2000 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 60.05% Average Maturity * 4.87 years Modified Duration * 3.08 years Yield to Maturity * 7.70% * Computed on the invested amount for debt portfolio. Regular: 1.92% Direct: 0.77% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 6.50 Infosys Ltd. Software 3.82 Housing Development Finance Corporation Ltd. Finance 3.38 ITC Ltd. Consumer Non Durables 3.25 Larsen & Toubro Ltd. Construction Project 3.10 ICICI Bank Ltd. Banks 2.96 Aurobindo Pharma Ltd. Pharmaceuticals 1.94 Indusind Bank Ltd. Banks 1.77 Axis Bank Ltd. Banks 1.76 Voltas Ltd. Construction Project 1.75 State Bank of India Banks 1.47 Power Grid Corporation of India Ltd. Power 1.47 Aarti Industries Ltd. Chemicals 1.40 Vedanta Ltd. Non - Ferrous Metals 1.37 Bharat Electronics Ltd. Industrial Capital Goods 1.34 SKF India Ltd. Industrial Products 1.32 TI Financial Holdings Ltd. Finance 1.30 Tata Steel Ltd. Ferrous Metals 1.29 Hindustan Petroleum Corporation Ltd. Petroleum Products 1.28 UPL Ltd. Pesticides 1.24 Balkrishna Industries Ltd. Auto Ancillaries 1.24 Bank of Baroda Banks 1.23 Yes Bank Ltd. Banks 1.16 KEC International Ltd. Construction Project 1.14 The Federal Bank Ltd. Banks 1.10 Reliance Industries Ltd. Petroleum Products 1.05 Petronet LNG Ltd. Gas 1.00 Hero MotoCorp Ltd. Auto 1.00 Bharti Airtel Ltd. Telecom - Services 0.94 Sadbhav Engineering Ltd. Construction Project 0.93 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.88 Edelweiss Financial Services Ltd. Finance 0.85 Hexaware Technologies Ltd. Software 0.67 Tamil Nadu Newsprint & Papers Ltd. Paper 0.60 Tata Motors Ltd. DVR Auto 0.59 PNC Infratech Ltd. Construction 0.55 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.55 Bharat Petroleum Corporation Ltd. Petroleum Products 0.55 Redington (India) Ltd. Transportation 0.53 Tata Consultancy Services Ltd. Software 0.51 ICICI Securities Ltd. Finance 0.47 Tube Investments of India Ltd. Auto Ancillaries 0.44 NIIT Technologies Ltd. Software 0.44 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.42 Company Industry + / Rating % to NAV Atul Ltd. Chemicals 0.41 Jagran Prakashan Ltd. Media & Entertainment 0.41 Zensar Technologies Ltd. Software 0.40 Allahabad Bank Banks 0.39 VST Industries Ltd. Consumer Non Durables 0.38 Oil & Natural Gas Corporation Ltd. Oil 0.35 HDFC Standard Life Insurance Company Ltd. Finance 0.34 Kalpataru Power Transmission Ltd. Power 0.34 IPCA Laboratories Ltd. Pharmaceuticals 0.32 Carborundum Universal Ltd. Industrial Products 0.31 Greenply Industries Ltd. Consumer Durables 0.26 Rallis India Ltd. Pesticides 0.21 Navneet Education Ltd. Media & Entertainment 0.20 Persistent Systems Ltd. Software 0.17 Kaveri Seed Company Ltd. Consumer Non Durables 0.16 MM Forgings Ltd. Industrial Products 0.16 IFB Industries Ltd. Consumer Durables 0.15 Atul Auto Ltd. Auto 0.12 J. Kumar Infraprojects Ltd. Construction 0.11 Lupin Ltd. Pharmaceuticals 0.07 Insecticides (India) Ltd. Pesticides 0.06 Sub Total Debt & Debt Related government Securities 7.16 GOI 2023 Sovereign GOI 2045 Sovereign GOI 2025 Sovereign GOI 2033 Sovereign GOI 2032 Sovereign GOI 2024 Sovereign GOI 2022 Sovereign GOI 2025 Sovereign GOI 2030 Sovereign GOI 2034 Sovereign GOI 2022 Sovereign GOI 2023 Sovereign GOI 2044 Sovereign GOI 2023 Sovereign GOI 2030 Sovereign GOI 2024 Sovereign GOI 2028 Sovereign GOI 2022 Sovereign GOI 2020 Sovereign GOI 2020 Sovereign GOI 2020 Sovereign GOI 2040 Sovereign GOI 2022 Sovereign 0.01 Sub Total Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified....contd on next page Intouch mutually April

16 HDFC Balanced Fund (An open-ended balanced scheme)...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Banks Company Industry + / Rating % to NAV Company Industry + / Rating % to NAV Construction Project Finance Software Consumer Non Durables Petroleum Products Pharmaceuticals Chemicals Power Industrial Products Auto Auto Ancillaries Pesticides Hotels, Resorts & Other Recreational Activities Non - Ferrous Metals Industrial Capital Goods Ferrous Metals Gas Telecom - Services Construction Money Market Instruments CD/CP Tata Capital Housing Finance Ltd. ICRA - A ICICI Bank Ltd. CARE - A Tata Power Company Ltd. CRISIL - A Kotak Mahindra Investments Ltd. CRISIL - A Sub Total 2.28 Credit Exposure Tata Sons Ltd. CRISIL - AAA 2.22 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.89 Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 1.60 Housing Development Finance Corporation Ltd. CRISIL - AAA 1.36 L&T Infrastructure Finance Company Ltd. CARE - AAA 1.26 L&T Finance Ltd. CARE - AAA 1.18 Shriram Transport Finance Company Ltd. CRISIL - AA Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA / FITCH - AAA 0.60 National Bank for Agriculture & Rural Development CRISIL - AAA 0.57 National Highways Authority of India CRISIL - AAA 0.56 Volkswagen Finance Pvt. Ltd. FITCH - AAA 0.46 Punjab National Bank CRISIL - AA 0.44 Cholamandalam Investment and Finance Company Ltd. ICRA - AA 0.35 Tata Motors Finance Ltd. CRISIL - AA 0.32 HDB Financial Services Ltd. CRISIL - AAA 0.27 Small Industries Development Bank of India CARE - AAA 0.23 Toyota Financial Services India Ltd. CRISIL - AAA 0.23 State Bank of India CRISIL - AA Axis Bank Ltd. CRISIL - AA HDFC Bank Ltd. CRISIL - AAA 0.22 Syndicate Bank CARE - AA Oriental Bank of Commerce ICRA - AA ICICI Bank Ltd. CARE - AAA 0.11 Andhra Bank CRISIL - AA Hindalco Industries Ltd. CRISIL - AA 0.05 Sub Total Mutual fund Units HDFC Nifty Exchange Traded Fund 0.65 Sub Total 0.65 Net Current Assets 3.66 Top Ten Holdings, Co-sponsor Media & Entertainment 0.61 Paper 0.60 Transportation 0.53 Consumer Durables 0.41 Oil Classification by Asset Class Classification by Rating Class Equity G-Sec CD/CP 2.28 Credit Exposure Mutual Fund 0.65 Net Current Assets 3.66 Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below 2.68 Mutual Fund 0.65 Net Current Assets 3.66 Capital appreciation along with current income over long term. Investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt CD - Certificate of Deposit; CP - Commercial Papers. Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) 12, , , (Annualised) (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) 16 April 2018 Intouch mutually Apr 28, 17 Last 1 Year ,196 11,238 11,691 Apr 30, 15 Last 3 Years ,224 13,236 13,640 Apr 30, 13 Last 5 Years ,406 17,565 19,286 Sep 11, 00 Since Inception #N/A ,633 #N/A 94,357 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59.

17 HDFC Equity Savings Fund (An open-ended equity scheme) To provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments. l Fund Manager Vinay Kulkarni (Equities) (since November 21, 06) Total Experience: Over 27 years Krishan Kumar Daga (Equities) (since January 08, 16) Total Experience: Over 21 years Anil Bamboli (Debt) (since September 17, 04) Total Experience: Over 23 years September 17, 2004 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio 95.98% Average Maturity * 2.18 years Modified Duration * 1.73 years Yield to Maturity * 8.11% * Computed on the invested amount for debt portfolio. Regular: 2.21% Direct: 0.56% l #BENCHMARK INDEX: 40% NIFTY 50 Arbitrage Index, 30% Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total Index) l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 3, , (Annualised) (Annualised) # N.A. N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available. Date Period^^ Classification by Rating Class Equity Sovereign 1.60 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets Capital appreciation while generating income over medium to long term. Provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt (`) Apr 28, 17 Last 1 Year ,622 10,847 9,906 Apr 30, 15 Last 3 Years ,496 12,582 11,827 Apr 30, 13 Last 5 Years ,621 15,807 13,129 Sep 17, 04 Since Inception 9.64 N.A ,041 N.A. 20,901 ^^Effective December 16, 2015, certain changes, including changes to fundamental attributes, were effected in the erstwhile HDFC Multiple Yield Fund, (an open ended income scheme) which was renamed as HDFC Equity Savings Fund, an open ended equity scheme. On account of these changes, the performance during the period(s) from September 17, 2004 to December 15, 2015 is not comparable. greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its, since a portion of scheme s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Vinay Kulkarni (Equities), Krishan Kumar Daga (Equities) and Anil Bamboli (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 67. Industry Allocation of Equity Holding (% of Net Assets) Banks Power Software Construction Project Petroleum Products Auto Pharmaceuticals Gas Finance Non - Ferrous Metals Ferrous Metals Consumer Non Durables Pesticides Oil Construction Industrial Capital Goods Chemicals Cement Transportation Paper Media & Entertainment Company Industry + / Rating % to NAV (Hedged & Unhedged) % exposure of Derivative Equity & Equity Related ICICI Bank Ltd. Banks NTPC Ltd. Power Reliance Industries Ltd. Petroleum Products Larsen & Toubro Ltd. Construction Project Housing Development Fin. Corp. Ltd. Finance HDFC Bank Ltd. Banks Infosys Ltd. Software State Bank of India Banks GAIL (India) Ltd. Gas Aurobindo Pharma Ltd. Pharmaceuticals Tata Motors Ltd. Auto Vedanta Ltd. Non - Ferrous Metals Company Industry + / Rating % to NAV % exposure (Hedged & of Derivative Unhedged) Tata Steel Ltd. Ferrous Metals Bharti Airtel Ltd. Telecom - Services Sun Pharmaceutical Industries Ltd. Pharmaceuticals JSW Steel Ltd. Ferrous Metals Hindalco Industries Ltd. Non - Ferrous Metals ITC Ltd. Consumer Non Durables Mahindra & Mahindra Ltd. Auto Indiabulls Housing Finance Ltd. Finance Adani Ports and Special Economic Zone Ltd. Transportation LIC Housing Finance Ltd. Finance Maruti Suzuki India Ltd. Auto Yes Bank Ltd. Banks Shriram Transport Finance Co. Ltd. Finance Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified....contd on next page Intouch mutually April

18 HDFC Equity Savings Fund (An open-ended equity scheme)...contd from previous page Company Industry + / Rating % to NAV % exposure (Hedged & of Derivative Unhedged) Oil & Natural Gas Corporation Ltd. Oil Hero MotoCorp Ltd. Auto DLF Ltd. Construction Ashok Leyland Ltd. Auto ICICI Pru Life Ins Com Ltd. Finance Tata Global Beverages Ltd. Consumer Non Durables Axis Bank Ltd. Banks Power Grid Corporation of India Ltd. Power Jubilant Foodworks Ltd. Consumer Non Durables UPL Ltd. Pesticides Cipla Ltd. Pharmaceuticals Escorts Ltd. Auto Dr Reddys Laboratories Ltd. Pharmaceuticals Capital First Ltd. Finance Tata Motors Ltd. DVR Auto Titan Company Ltd. Consumer Durables Lupin Ltd. Pharmaceuticals Steel Authority of India Ltd. Ferrous Metals Reliance Capital Ltd. Finance United Spirits Ltd. Consumer Non Durables Manappuram Finance Ltd. Finance IDFC Ltd. Finance Multi Commodity Exchange of India Ltd. Finance Rural Electrification Corporation Ltd. Finance M&M Financial Services Ltd. Finance Newgen Software Technologies Ltd. Software Tata Communications Ltd. Telecom - Services Jet Airways (India) Ltd. Transportation Tata Chemicals Ltd. Chemicals JMC Projects (India) Ltd. Construction Eicher Motors Ltd. Auto Rallis India Ltd. Pesticides The Federal Bank Ltd. Banks CESC Ltd. Power Glenmark Pharmaceuticals Ltd. Pharmaceuticals UltraTech Cement Ltd. Cement Texmaco Rail & Engineering Ltd. Industrial Capital Goods Grasim Industries Ltd. Cement eclerx Services Ltd. Software National Aluminium Company Ltd. Non - Ferrous Metals Idea Cellular Ltd. Telecom - Services Ambuja Cements Ltd. Cement SBI Life Insurance Company Ltd. Finance Raymond Ltd. Textile Products NHPC Ltd. Power IDFC Bank Ltd. Banks India Cements Ltd. Cement Castrol India Ltd. Petroleum Products Equitas Holdings Ltd. Finance L&T Finance Holdings Ltd. Finance Petronet LNG Ltd. Gas Gujarat State Fertilizers & Chemicals Ltd. Fertilisers Bajaj Auto Ltd. Auto ITD Cementation India Ltd. Construction PC Jeweller Ltd. Consumer Durables Bank of Baroda Banks Zee Entertainment Enterprises Ltd. Media & Entertainment Mahanagar Gas Ltd. Gas Dewan Housing Finance Corporation Ltd. Finance Hindustan Unilever Ltd. Consumer Non Durables RBL Bank Ltd. Banks Tech Mahindra Ltd. Software NCC Ltd. Construction Project IRB Infrastructure Developers Ltd. Construction Ashoka Buildcon Ltd. Construction Project Cadila Healthcare Ltd. Pharmaceuticals Britannia Industries Ltd. Consumer Non Durables Bharat Electronics Ltd. Industrial Capital Goods Persistent Systems Ltd. Software Havells India Ltd. Consumer Durables Power Finance Corporation Ltd. Finance Reliance Infrastructure Ltd. Power Apollo Tyres Ltd. Auto Ancillaries The Tata Power Company Ltd. Power Motherson Sumi Systems Ltd. Auto Ancillaries Tata Elxsi Ltd. Software Reliance Nippon Life Asset Management Ltd. Finance Jindal Steel & Power Ltd. Ferrous Metals Bajaj Finance Ltd. Finance Century Textiles & Industries Ltd. Cement Galaxy Surfactants Ltd Chemicals PTC India Ltd. Power Adani Power Ltd. Power Arvind Ltd. Textile Products Wockhardt Ltd. Pharmaceuticals Godrej Consumer Products Ltd. Consumer Non Durables Amara Raja Batteries Ltd. Auto Ancillaries Ujjivan Financial Services Ltd. Finance Gujarat Pipavav Port Ltd. Transportation Indian Oil Corporation Ltd. Petroleum Products Ceat Ltd. Auto Ancillaries Centum Electronics Ltd. Industrial Capital Goods Sun TV Network Ltd. Media & Entertainment Bharat Petroleum Corporation Ltd. Petroleum Products Reliance Power Ltd. Power Dabur India Ltd. Consumer Non Durables Jain Irrigation Systems Ltd. Industrial Products Dish TV India Ltd. Media & Entertainment Max Financial Services Ltd. Finance Tamil Nadu Newsprint & Papers Ltd. Paper Container Corporation of India Ltd. Transportation Bharat Forge Ltd. Industrial Products Hindustan Petroleum Corp. Ltd. Petroleum Products BEML Ltd. Industrial Capital Goods Kotak Mahindra Bank Ltd. Banks Orient Cement Ltd. Cement Company Industry + / Rating % to NAV % exposure (Hedged & of Derivative Unhedged) Godrej Industries Ltd. Consumer Non Durables Strides Shasun Ltd. Pharmaceuticals Chennai Petroleum Corp Ltd. Petroleum Products The South Indian Bank Ltd. Banks Balkrishna Industries Ltd. Auto Ancillaries Punjab National Bank Banks KEC International Ltd. Construction Project Kalpataru Power Transmission Ltd. Power Repco Home Finance Ltd. Finance MRF Ltd. Auto Ancillaries Adani Enterprises Ltd. Trading Bharat Financial Inclusion Ltd. Finance Monsanto India Ltd. Pesticides Torrent Pharmaceuticals Ltd. Pharmaceuticals Titagarh Wagons Ltd. Industrial Capital Goods IDBI Bank Ltd. Banks IFCI Ltd. Finance Mangalore Refinery And Petrochemica Petroleum Products Solar Industries India Ltd. Chemicals Nestle India Ltd. Consumer Non Durables Suzlon Energy Ltd. Industrial Capital Goods ACC Ltd. Cement S Chand and Company Ltd. Media & Entertainment SREI Infrastructure Finance Ltd. Finance Cholamandalam Investment and Finance Company Ltd. Finance Can Fin Homes Ltd. Finance DCB Bank Ltd. Banks Divis Laboratories Ltd. Pharmaceuticals Bata India Ltd. Consumer Durables Godfrey Philips India Ltd. Consumer Non Durables Syndicate Bank Banks Kaveri Seed Company Ltd. Consumer Non Durables Granules India Ltd. Pharmaceuticals Exide Industries Ltd. Auto Ancillaries PVR Ltd. Media & Entertainment Piramal Enterprises Ltd. Pharmaceuticals Bharat Heavy Electricals Ltd. Industrial Capital Goods TVS Motor Company Ltd. Auto Andhra Bank Banks Ajanta Pharma Ltd. Pharmaceuticals Indraprastha Gas Ltd. Gas Bajaj Finserv Ltd. Finance Shree Cement Ltd. Cement Bosch Ltd. Auto Ancillaries KPIT Technologies Ltd. Software Voltas Ltd. Construction Project V-Guard Industries Ltd. Industrial Capital 0.00 MPS Ltd. Consumer Non 0.00 Reliance Naval and Engineering Ltd.. Industrial Capital 0.00 Karnataka Bank Ltd Siemens Ltd. Industrial Capital 0.00 Hindustan Construction Company Ltd. Construction 0.00 Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Sub Total Debt & Debt Related government Securities 7.16 GOI 2023 Sovereign GOI 2025 Sovereign GOI 2031 Sovereign GOI 2027 Sovereign 0.12 Sub Total 1.60 Money Market Instruments CD/CP Axis Bank Ltd. CRISIL - A Tata Capital Housing Finance Ltd. ICRA - A Tata Capital Financial Services Ltd. CRISIL - A Sub Total 0.45 Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA 3.29 State Bank of India CRISIL - AA Punjab National Bank CRISIL - AA / FITCH - AA 2.63 Reliance Jio Infocomm Ltd. CRISIL - AAA / ICRA - AAA 2.30 HDFC Bank Ltd. CRISIL - AA National Bank for Agriculture & Rural Development CRISIL - AAA 1.32 Power Finance Corporation Ltd. CRISIL - AAA 1.29 Syndicate Bank CARE - AA Mahindra & Mahindra Financial Services Ltd. CARE - AAA / FITCH - AAA 0.97 Union Bank of India FITCH - AA, AA Shriram Transport Finance Company Ltd. CRISIL - AA Allahabad Bank FITCH - A Axis Bank Ltd. CRISIL - AA Canara Bank CRISIL - AA 0.32 Repco Home Finance Ltd. ICRA - AA Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.19 Reliance Industries Ltd. CRISIL - AAA 0.19 Power Grid Corporation of India Ltd. CRISIL - AAA 0.13 LIC Housing Finance Ltd. CRISIL - AAA 0.13 Bank of Baroda CARE - AA 0.13 JM Financial Asset Reconstruction Company Ltd. ICRA - AA Sub Total Net Current Assets Top Ten Holdings, Less than 0.01% Outstanding exposure in derivative instruments (` in Crore) 2, Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. 18 April 2018 Intouch mutually

19 HDFC Prudence Fund (An open-ended balanced scheme) To provide periodic returns and capital appreciation over a long period of time, from a judicious mix of equity and debt investments, with the aim to prevent / minimise any capital erosion. Under normal circumstances, it is envisaged that the debt : equity mix would vary between 25:75 and 40:60 respectively. This mix may achieve the investment objective, may result in regular income, capital appreciation and may also prevent capital erosion. l Fund Manager Prashant Jain (since June 19, 03) Total Experience: Over 26 years February 1, 1994 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 68.00% Average Maturity * 5.28 years Modified Duration * 3.44 years Yield to Maturity * 8.71% * Computed on the invested amount for debt portfolio. Regular: 2.19% Direct: 1.04% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Company Industry + / Rating % to NAV Equity & Equity Related Infosys Ltd. Software 7.28 Larsen & Toubro Ltd. Construction Project 7.00 ICICI Bank Ltd. Banks 6.96 State Bank of India Banks 6.66 Power Grid Corporation of India Ltd. Power 3.75 NTPC Ltd. Power 3.71 GAIL (India) Ltd. Gas 2.31 Reliance Industries Ltd. Petroleum Products 1.97 Tata Steel Ltd. Ferrous Metals 1.86 HDFC Bank Ltd. Banks 1.49 Power Finance Corporation Ltd. Finance 1.46 Tata Consultancy Services Ltd. Software 1.43 Aurobindo Pharma Ltd. Pharmaceuticals 1.41 Vedanta Ltd. Non - Ferrous Metals 1.39 Tata Chemicals Ltd. Chemicals 1.30 Punjab National Bank Banks 1.07 Cipla Ltd. Pharmaceuticals 1.07 Bank of Baroda Banks 1.06 Axis Bank Ltd. Banks 1.01 Avenue Supermarts Ltd. Retailing 0.87 Solar Industries India Ltd. Chemicals 0.87 Bharat Petroleum Corporation Ltd. Petroleum Products 0.84 Rural Electrification Corporation Ltd. Finance 0.79 Gujarat Pipavav Port Ltd. Transportation 0.77 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.74 Coal India Ltd. Minerals/Mining 0.73 Just Dial Ltd. Software 0.71 Canara Bank Banks 0.70 Apollo Tyres Ltd. Auto Ancillaries 0.65 ABB India Ltd. Industrial Capital Goods 0.63 CESC Ltd. Power 0.62 Tata Motors Ltd. Auto 0.58 Siemens Ltd. Industrial Capital Goods 0.53 Ashoka Buildcon Ltd. Construction Project 0.53 NHPC Ltd. Power 0.51 Savita Oil Technologies Ltd. Petroleum Products 0.49 Apar Industries Ltd. Industrial Capital Goods 0.49 Delta Corp Ltd. Hotels, Resorts & Other Recreational Activities 0.48 Time Technoplast Ltd. Industrial Products 0.41 Orient Cement Ltd. Cement 0.41 Matrimony.com Ltd. Services 0.39 Sharda Cropchem Ltd. Pesticides 0.38 BEML Ltd. Industrial Capital Goods 0.36 Company Industry + / Rating % to NAV Dish TV India Ltd. Media & Entertainment 0.35 Mishra Dhatu Nigam Ltd. Ferrous Metals 0.34 Cochin Shipyard Ltd. Industrial Capital Goods 0.33 Steel Authority of India Ltd. Ferrous Metals 0.32 Container Corporation of India Ltd. Transportation 0.31 Reliance Nippon Life Asset Management Ltd. Finance 0.30 Union Bank of India Banks 0.28 ITC Ltd. Consumer Non Durables 0.28 S Chand and Company Ltd. Media & Entertainment 0.26 Future Supply Chain Solutions Ltd. Transportation 0.26 Vijaya Bank Banks 0.24 Network 18 Media & Investments Ltd. Media & Entertainment 0.22 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.21 JMC Projects (India) Ltd. Construction 0.20 Titagarh Wagons Ltd. Industrial Capital Goods 0.19 Gujarat Industries Power Co. Ltd. Power 0.19 Sagar Cements Ltd. Cement 0.18 MEP Infrastructure Developers Ltd. Transportation 0.18 Kirloskar Pneumatic Ltd. Industrial Products 0.17 Dynamatic Technologies Ltd. Auto Ancillaries 0.17 J.Kumar Infraprojects Ltd. Construction 0.16 Oriental Bank of Commerce Banks 0.15 SBI Life Insurance Company Ltd. Finance 0.15 Corporation Bank Banks 0.15 Texmaco Rail & Engineering Ltd. Astra Microwave Products Ltd. Industrial Capital Goods 0.14 Telecom - Equipment And Accessories 0.13 Wipro Ltd. Software 0.13 Ramco Systems Ltd. Software 0.11 Syndicate Bank Banks 0.09 Elecon Engineering Co. Ltd. MPS Ltd. Industrial Capital Goods 0.08 Consumer Non Durables 0.08 Hindustan Construction Company Ltd. Construction Project 0.08 Centum Electronics Ltd. Industrial Capital Goods 0.07 Jaiprakash Power Ventures Ltd. Power 0.03 Allahabad Bank Banks 0.02 Dilip Buildcon Ltd. Construction 0.01 KSK Energy Ventures Ltd. Power 0.01 Chennai Petroleum Corp Ltd. Petroleum Sub Total Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified....contd on next page Intouch mutually April

20 HDFC Prudence Fund (An open-ended balanced scheme)...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Banks Software 9.66 Power 8.82 Construction Project 7.61 Petroleum Products 3.30 Industrial Capital Goods 3.03 Finance 2.70 Ferrous Metals 2.52 Pharmaceuticals 2.48 Gas 2.31 Chemicals 2.17 Transportation 1.52 Non - Ferrous Metals 1.39 Retailing 0.87 Media & Entertainment 0.83 Auto Ancillaries 0.82 Fertilisers 0.74 Minerals/Mining 0.73 Cement 0.59 Industrial Products 0.58 Auto 0.58 Hotels, Resorts & Other Recreational Activities 0.48 Services 0.39 Pesticides 0.38 Construction 0.37 Consumer Non Durables 0.36 Telecom - Equipment & Accessories Company Industry + / Rating % to NAV Debt & Debt Related government Securities 8.13 GOI 2045 Sovereign GOI 2044 Sovereign GOI 2027 Sovereign GOI 2031 Sovereign GOI 2029 Sovereign 0.18 Sub Total 2.33 Money Market Instruments CD/CP Vedanta Ltd. FITCH - A Sub Total 0.50 Credit Exposure State Bank of India CRISIL - AA Tata Sons Ltd. CRISIL - AAA 4.80 HDFC Bank Ltd. CRISIL - AA Canara Bank CRISIL - AA 1.73 Classification by Asset Class Equity G-Sec 2.33 CD/CP 0.50 Credit Exposure Net Current Assets 2.44 Company Industry + / Rating % to NAV Axis Bank Ltd. CRISIL - AA ICICI Bank Ltd. CARE - AA+ / ICRA - AA Punjab National Bank CRISIL - AA 1.14 Union Bank of India FITCH - AA Syndicate Bank CARE - AA National Highways Authority of India CRISIL - AAA 0.19 Tata Capital Financial Services Ltd. ICRA - AA Andhra Bank CRISIL - AA Sub Total Net Current Assets 2.44 Top Ten Holdings Outstanding exposure in derivative instruments (` in Crore) Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) 0.13 Classification by Rating Class Equity Sovereign 2.33 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 5.49 AA+ & Below Net Current Assets 2.44 Periodic income with capital appreciation and prevention of capital erosion over long term. Investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) $$ 55, , , (Annualised) $$ (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period $$ (`) $$ Apr 28, 17 Last 1 Year ,689 11,238 11,691 Apr 30, 15 Last 3 Years ,573 13,236 13,640 Apr 30, 13 Last 5 Years ,940 17,565 19,286 Feb 01, 94 Since Inception N.A ,635 N.A. 113,165 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). N.A.: Not Available. For performance of other schemes managed by Prashant Jain, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94 to Jun 29, 99 and TRI values since Jun 30, 99. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. 20 April 2018 Intouch mutually

21 HDFC Index Fund SENSEX Plan (An open-ended Index Linked scheme) The objective of this Plan is to generate returns that are commensurate with the performance of the SENSEX, subject to tracking errors. l Fund Manager Krishan Kumar Daga (since October 19, 15) Total Experience: Over 21 years July 17, 2002 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Direct Plan - Growth Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 29.81% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.10% Regular: 0.30% Direct: 0.15% l #BENCHMARK INDEX: S&P BSE Sensex (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 days from the date of allotment. No Exit load is payable if units are redeemed / switched out after 3 days from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. that are commensurate with the performance of the SENSEX, subject to tracking errors over long term. Investment in equity securities covered by the SENSEX. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks Housing Development Finance Corporation Ltd. Finance 8.99 Reliance Industries Ltd. Petroleum Products 8.97 ITC Ltd. Consumer Non Durables 6.91 Infosys Ltd. Software 6.57 ICICI Bank Ltd. Banks 5.26 Tata Consultancy Services Ltd. Software 5.07 Larsen & Toubro Ltd. Construction Project 4.92 Kotak Mahindra Bank Ltd. Banks 4.12 Maruti Suzuki India Ltd. Auto 3.38 Hindustan Unilever Ltd. Consumer Non Durables 3.11 Indusind Bank Ltd. Banks 2.78 Axis Bank Ltd. Banks 2.72 State Bank of India Banks 2.64 Mahindra & Mahindra Ltd. Auto 2.34 Yes Bank Ltd. Banks 1.91 Tata Motors Ltd. Auto 1.84 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.64 Asian Paints Ltd. Consumer Non Durables 1.56 NTPC Ltd. Power 1.51 Oil & Natural Gas Corporation Ltd. Oil 1.47 Hero MotoCorp Ltd. Auto 1.40 Tata Steel Ltd. Ferrous Metals 1.33 Bharti Airtel Ltd. Telecom - Services 1.32 Power Grid Corporation of India Ltd. Power 1.32 Bajaj Auto Ltd. Auto 1.16 Company Industry + % to NAV Coal India Ltd. Minerals/Mining 1.07 Wipro Ltd. Software 0.94 Adani Ports and Special Economic Zone Ltd. Transportation 0.92 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.74 Tata Motors Ltd. DVR Auto 0.28 Sub Total Net Current Assets 0.41 Top Ten Holdings, Co-sponsor Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value As on April 28, 2018 (` 000) 5, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,833 11,888 11,691 Apr 30, 15 Last 3 Years ,445 13,572 13,640 Apr 30, 13 Last 5 Years ,937 19,387 19,286 Jul 17, 02 Since Inception , , ,020 greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Industry Allocation of Equity Holding (% of Net Assets) Intouch mutually April Banks Software Consumer Non Durables Auto Finance Petroleum Products Construction Project Power Pharmaceuticals Oil Ferrous Metals Telecom - Services Minerals/Mining Transportation

22 HDFC Index Fund NIFTY Plan (An open-ended Index Linked scheme) The objective of this Plan is to generate returns that are commensurate with the performance of the NIFTY, subject to tracking errors. l Fund Manager Krishan Kumar Daga (since October 19, 15) Total Experience: Over 21 years July 17, 2002 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Direct Plan - Growth Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 31.28% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.12% Regular: 0.30% Direct: 0.15% l #BENCHMARK INDEX: NIFTY 50 Index (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 days from the date of allotment. No Exit load is payable if units are redeemed / switched out after 3 days from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. that are commensurate with the performance of the NIFTY, subject to tracking errors over long term. Investment in equity securities covered by the NIFTY. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.48 Reliance Industries Ltd. Petroleum Products 7.90 Housing Development Finance Corporation Ltd. Finance 7.50 ITC Ltd. Consumer Non Durables 5.72 Infosys Ltd. Software 5.42 ICICI Bank Ltd. Banks 4.35 Tata Consultancy Services Ltd. Software 4.18 Larsen & Toubro Ltd. Construction Project 4.11 Kotak Mahindra Bank Ltd. Banks 3.84 Maruti Suzuki India Ltd. Auto 2.79 Hindustan Unilever Ltd. Consumer Non Durables 2.56 Indusind Bank Ltd. Banks 2.30 State Bank of India Banks 2.18 Axis Bank Ltd. Banks 2.12 Mahindra & Mahindra Ltd. Auto 1.94 Yes Bank Ltd. Banks 1.59 Tata Motors Ltd. Auto 1.50 HCL Technologies Ltd. Software 1.39 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.39 Vedanta Ltd. Non - Ferrous Metals 1.32 Asian Paints Ltd. Consumer Non Durables 1.29 Bharti Airtel Ltd. Telecom - Services 1.29 NTPC Ltd. Power 1.28 Oil & Natural Gas Corporation Ltd. Oil 1.21 Hero MotoCorp Ltd. Auto 1.15 Power Grid Corporation of India Ltd. Power 1.11 Tata Steel Ltd. Ferrous Metals 1.10 Bajaj Finance Ltd. Finance 1.08 Grasim Industries Ltd. Cement 1.03 UltraTech Cement Ltd. Cement 1.02 Indiabulls Housing Finance Ltd. Finance 1.01 Tech Mahindra Ltd. Software 1.00 Eicher Motors Ltd. Auto 0.99 Titan Company Ltd. Consumer Durables 0.97 Bajaj Auto Ltd. Auto 0.96 Coal India Ltd. Minerals/Mining 0.88 Indian Oil Corporation Ltd. Petroleum Products 0.83 Hindalco Industries Ltd. Non - Ferrous Metals 0.82 Bajaj Finserv Ltd. Finance 0.79 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value As on April 28, 2018 (` 000) 5, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,649 11,691 11,888 Apr 30, 15 Last 3 Years ,462 13,640 13,572 Apr 30, 13 Last 5 Years ,914 19,286 19,387 Jul 17, 02 Since Inception , , ,794 greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Zee Entertainment Enterprises Ltd. Media & Entertainment 0.77 Wipro Ltd. Software 0.75 Cipla Ltd. Pharmaceuticals 0.73 Bharat Petroleum Corporation Ltd. Petroleum Products 0.72 Adani Ports and Special Economic Zone Ltd. Transportation 0.68 GAIL (India) Ltd. Gas 0.68 UPL Ltd. Pesticides 0.64 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.63 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.61 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.54 Lupin Ltd. Pharmaceuticals 0.46 Sub Total Net Current Assets Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Finance Petroleum Products Consumer Non Durables Auto Construction Project Pharmaceuticals Power Non - Ferrous Metals Cement Telecom - Services Oil Ferrous Metals Consumer Durables Minerals/Mining Media & Entertainment Gas Transportation Pesticides Telecom - Equipment And Accessories April 2018 Intouch mutually

23 HDFC Index Fund SENSEX Plus Plan (An open-ended Index Linked scheme) The objective of this Plan is to invest 80% to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX. l Fund Manager Krishan Kumar Daga (since October 19, 15) Total Experience: Over 21 years July 17, 2002 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Direct Plan - Growth Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 26.37% Regular: 1.00% Direct: 0.75% l #BENCHMARK INDEX: S&P BSE Sensex (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 days from the date of allotment. No Exit load is payable if units are redeemed / switched out after 3 days from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Capital appreciation over long term. Investment in equity securities of 80% to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.99 Housing Development Finance Corporation Ltd. Finance 7.87 Reliance Industries Ltd. Petroleum Products 7.85 ITC Ltd. Consumer Non Durables 6.05 Infosys Ltd. Software 5.75 ICICI Bank Ltd. Banks 4.61 Tata Consultancy Services Ltd. Software 4.44 Larsen & Toubro Ltd. Construction Project 4.31 Solar Industries India Ltd. Chemicals 3.62 Kotak Mahindra Bank Ltd. Banks 3.61 Maruti Suzuki India Ltd. Auto 2.96 Hindustan Unilever Ltd. Consumer Non Durables 2.72 Indusind Bank Ltd. Banks 2.44 Axis Bank Ltd. Banks 2.38 Grasim Industries Ltd. Cement 2.33 State Bank of India Banks 2.31 Mahindra & Mahindra Ltd. Auto 2.05 Birla Corporation Ltd. Cement 1.96 Yes Bank Ltd. Banks 1.67 Tata Motors Ltd. Auto 1.61 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.44 Asian Paints Ltd. Consumer Non Durables 1.37 Bharat Petroleum Corporation Ltd. Petroleum Products 1.33 NTPC Ltd. Power 1.32 Oil & Natural Gas Corporation Ltd. Oil 1.29 Hero MotoCorp Ltd. Auto 1.22 Kirloskar Pneumatic Ltd. Industrial Products 1.17 Tata Steel Ltd. Ferrous Metals 1.17 Bharti Airtel Ltd. Telecom - Services 1.16 Power Grid Corporation of India Ltd. Power 1.15 Date Period Company Industry + % to NAV Canara Bank Banks 1.14 Bajaj Auto Ltd. Auto 1.01 Coal India Ltd. Minerals/Mining 0.93 Wipro Ltd. Software 0.83 Adani Ports and Special Economic Zone Ltd. Transportation 0.81 Bayer Cropscience Ltd. Pesticides 0.80 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.65 Allahabad Bank Banks 0.50 Tata Motors Ltd. DVR Auto 0.25 Sub Total Net Current Assets Top Ten Holdings, Co-sponsor Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value As on April 28, 2018 (` 000) 7, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. (`) Apr 28, 17 Last 1 Year ,444 11,888 11,691 Apr 30, 15 Last 3 Years ,199 13,572 13,640 Apr 30, 13 Last 5 Years ,819 19,387 19,286 Jul 17, 02 Since Inception , , ,020 greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` For performance of other schemes managed by Krishan Kumar Daga, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Industry Allocation of Equity Holding (% of Net Assets) Intouch mutually April Banks Software Consumer Non Durables Petroleum Products Auto Finance Construction Project Cement Chemicals Power Pharmaceuticals Oil Ferrous Metals Industrial Products Telecom - Services Minerals/Mining Transportation Pesticides

24 HDFC SENSEX ETF (An open-ended Exchange Traded Fund) To provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the S&P BSE SENSEX Index subject to tracking errors. l Fund Manager Krishan Kumar Daga (since December 09, 15) Total Experience: Over 21 years December 09, 2015 NAV (As on APRIL 30, 2018) NAV per Unit (`) Growth Option 3, assets UNDER MANAGEMENT j (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) 60.52% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.04% HDFC Sensex ETF 0.05% l #BENCHMARK INDEX: S&P BSE SENSEX Index (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) For Creation Unit Size: No Exit load will be levied on redemptions made by Authorised Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: N.A. The Units of HSETF in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the NSE and BSE during the trading hours on all trading days. Refer SID for further details. For further details, please refer to para Exit Load on Pg 52. HDFC SENSEX ETF. Presently the does not offer any Plans / Options for investment l Minimum APPLICATION Amount (Under each Plan / Option) Authorised Participants / Large Investors: Application for subscription of HSXETF Units in Creation Unit Size can be made either: (i) in exchange of the Deposit; or (ii) by depositing basket of securities comprising S&P BSE SENSEX Index Each Creation Unit Size will consist of 1,000 Units of HSXETF and 1 Unit of HSXETF will be approximately equal to 1/10th of the value of S&P BSE SENSEX Index. Other investors (including Authorised Participants and Large Investors): Units of HSXETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed. Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks Housing Development Finance Corporation Ltd. Finance 9.02 Reliance Industries Ltd. Petroleum Products 9.00 ITC Ltd. Consumer Non Durables 6.94 Infosys Ltd. Software 6.59 ICICI Bank Ltd. Banks 5.28 Tata Consultancy Services Ltd. Software 5.09 Larsen & Toubro Ltd. Construction Project 4.94 Kotak Mahindra Bank Ltd. Banks 4.14 Maruti Suzuki India Ltd. Auto 3.40 Hindustan Unilever Ltd. Consumer Non Durables 3.12 Indusind Bank Ltd. Banks 2.80 Axis Bank Ltd. Banks 2.73 State Bank of India Banks 2.65 Mahindra & Mahindra Ltd. Auto 2.35 Yes Bank Ltd. Banks 1.92 Tata Motors Ltd. Auto 1.85 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.65 Asian Paints Ltd. Consumer Non Durables 1.57 NTPC Ltd. Power 1.52 Oil & Natural Gas Corporation Ltd. Oil 1.47 Hero MotoCorp Ltd. Auto 1.42 Tata Steel Ltd. Ferrous Metals 1.34 Bharti Airtel Ltd. Telecom - Services 1.33 Power Grid Corporation of India Ltd. Power 1.32 Company Industry + % to NAV Bajaj Auto Ltd. Auto 1.16 Coal India Ltd. Minerals/Mining 1.07 Wipro Ltd. Software 0.95 Adani Ports and Special Economic Zone Ltd. Transportation 0.93 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.75 Tata Motors Ltd. DVR Auto 0.28 Sub Total Net Current Assets Top Ten Holdings, Co-sponsor Banks Software Consumer Non Durables Finance Petroleum Products Construction Project Power Pharmaceuticals Ferrous Metals Telecom - Services Minerals/Mining Transportation j Includes investments made by the schemes of HDFC Mutual Fund aggregating to ` Crores Industry Allocation of Equity Holding (% of Net Assets) Auto Oil that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term. Investment in equity securities covered by the S&P BSE SENSEX. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Performance*^ Date Period Face Value per Unit: ` 2,503.61, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. (`) Apr 28, 17 Last 1 Year ,885 11,888 11,691 Dec 09, 15 Since Inception ,475 14,465 14,533 are compounded annualized (CAGR). * The does not offer any Plans/Options. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page April 2018 Intouch mutually

25 HDFC NIFTY ETF (An open-ended Exchange Traded Fund) To provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the NIFTY 50 Index subject to tracking errors. l Fund Manager Krishan Kumar Daga (since December 09, 15) Total Experience: Over 21 years December 09, 2015 NAV (As on APRIL 30, 2018) NAV per Unit (`) Growth Option 1, assets UNDER MANAGEMENT j (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio (Last 1 year) % l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.08% HDFC NIFTY ETF 0.05% l #BENCHMARK INDEX: NIFTY 50 Index (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) For Creation Unit Size: No Exit load will be levied on redemptions made by Authorised Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: N.A. The Units of HNETF in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the NSE and BSE during the trading hours on all trading days. Refer SID for further details. For further details, please refer to para Exit Load on Pg 52. HDFC NIFTY ETF. Presently the does not offer any Plans / Options for investment l Minimum APPLICATION Amount (Under each Plan / Option) Authorised Participants / Large Investors: Application for subscription of HNETF Units in Creation Unit Size can be made either: (i) in exchange of the Deposit; or (ii) by depositing basket of securities comprising NIFTY 50 Index Each Creation Unit Size will consist of 4,000 Units of HNETF and 1 Unit of HNETF will be approximately equal to 1/10th of the value of NIFTY 50 Index. Other investors (including Authorised Participants and Large Investors): Units of HNETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed. Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.42 Reliance Industries Ltd. Petroleum Products 7.86 Housing Development Finance Corporation Ltd. Finance 7.46 ITC Ltd. Consumer Non Durables 5.68 Infosys Ltd. Software 5.39 ICICI Bank Ltd. Banks 4.32 Tata Consultancy Services Ltd. Software 4.16 Larsen & Toubro Ltd. Construction Project 4.09 Kotak Mahindra Bank Ltd. Banks 3.82 Maruti Suzuki India Ltd. Auto 2.77 Hindustan Unilever Ltd. Consumer Non Durables 2.55 Indusind Bank Ltd. Banks 2.29 State Bank of India Banks 2.16 Axis Bank Ltd. Banks 2.10 Mahindra & Mahindra Ltd. Auto 1.93 Yes Bank Ltd. Banks 1.58 Tata Motors Ltd. Auto 1.49 HCL Technologies Ltd. Software 1.39 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.38 Vedanta Ltd. Non - Ferrous Metals 1.31 Asian Paints Ltd. Consumer Non Durables 1.28 Bharti Airtel Ltd. Telecom - Services 1.28 NTPC Ltd. Power 1.28 Oil & Natural Gas Corporation Ltd. Oil 1.21 Hero MotoCorp Ltd. Auto 1.15 Power Grid Corporation of India Ltd. Power 1.11 Tata Steel Ltd. Ferrous Metals 1.09 Bajaj Finance Ltd. Finance 1.07 Grasim Industries Ltd. Cement 1.02 UltraTech Cement Ltd. Cement 1.01 Indiabulls Housing Finance Ltd. Finance 1.00 Tech Mahindra Ltd. Software 0.99 Eicher Motors Ltd. Auto 0.98 Titan Company Ltd. Consumer Durables 0.97 Bajaj Auto Ltd. Auto 0.95 Coal India Ltd. Minerals/Mining 0.88 Indian Oil Corporation Ltd. Petroleum Products 0.82 Company Industry + % to NAV Hindalco Industries Ltd. Non - Ferrous Metals 0.81 Bajaj Finserv Ltd. Finance 0.78 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.76 Wipro Ltd. Software 0.75 Cipla Ltd. Pharmaceuticals 0.73 Bharat Petroleum Corporation Ltd. Petroleum Products 0.72 Adani Ports and Special Economic Zone Ltd. Transportation 0.68 GAIL (India) Ltd. Gas 0.68 UPL Ltd. Pesticides 0.63 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.63 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.60 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.54 Lupin Ltd. Pharmaceuticals 0.46 Sub Total Net Current Assets Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Finance Petroleum Products Consumer Non Durables Auto Construction Project Pharmaceuticals Power Non - Ferrous Metals Cement Telecom - Services Oil Ferrous Metals Consumer Durables Minerals/Mining Media & Entertainment Gas Transportation Pesticides Telecom - Equipment & Accessories that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term. Investment in equity securities covered by the NIFTY 50. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt j Includes investments made by the schemes of HDFC Mutual Fund aggregating to ` Crores Performance*^ Date Period Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. (`) Apr 28, 17 Last 1 Year ,680 11,691 11,888 Dec 09, 15 Since Inception ,478 14,533 14,465 are compounded annualized (CAGR). * The does not offer any Plans/Options. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page 52. Intouch mutually April

26 To achieve long term growth of capital. l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 27 years March 31, 1996 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 62.92% Risk Ratio Standard Deviation 4.776% Beta Sharpe Ratio* Computed for the 3-yr period ended Apr 30, Based on month-end NAV. * Risk free rate: 6.00% (Source: FIMMDA MIBOR) Regular: 2.05% Direct: 1.35% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Nil HDFC TaxSaver (An open-ended equity linked saving scheme with a lock-in period of 3 years) Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout facility. Purchase : ` 500 and in multiples of ` 500 thereafter. Purchase : ` 500 and in multiples of ` 500 thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). l LOCK-IN PERIOD 3 years from the date of allotment of the respective Units Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Growth of capital over long term. Investment predominantly in equity and equity related instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 8.41 NTPC Ltd. Power 7.82 ICICI Bank Ltd. Banks 6.54 State Bank of India Banks 6.35 Reliance Industries Ltd. Petroleum Products 5.87 Larsen & Toubro Ltd. Construction Project 5.62 GAIL (India) Ltd. Gas 5.01 Infosys Ltd. Software 4.31 Tata Steel Ltd. Ferrous Metals 3.66 cipla Ltd. Pharmaceuticals 3.06 Oracle Financial Services Software Ltd. Software 2.57 NHPC Ltd. Power 2.54 Tata Motors Ltd. DVR Auto 2.29 ITC Ltd. Consumer Non Durables 2.26 Bharat Petroleum Corporation Ltd. Petroleum Products 1.85 Bharat Electronics Ltd. Industrial Capital Goods 1.84 Vedanta Ltd. Non - Ferrous Metals 1.78 Power Grid Corporation of India Ltd. Power 1.50 Tata Motors Ltd. Auto 1.46 Bank of Baroda Banks 1.41 Tata Consultancy Services Ltd. Software 1.31 Sadbhav Engineering Ltd. Construction Project 1.30 Solar Industries India Ltd. Chemicals 1.30 ICICI Prudential Life Insurance Company Ltd. Finance 1.23 Kalpataru Power Transmission Ltd. Power 1.07 Punjab National Bank Banks 0.88 eclerx Services Ltd. Software 0.87 Nestle India Ltd. Consumer Non Durables 0.77 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.77 KEC International Ltd. Construction Project 0.73 Gujarat Pipavav Port Ltd. Transportation 0.62 ICICI Securities Ltd Persistent Systems Ltd. Software 0.57 Rallis India Ltd. Pesticides 0.56 Aurobindo Pharma Ltd. Pharmaceuticals 0.54 BEML Ltd. Industrial Capital Goods 0.53 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 0.49 ITD Cementation India Ltd. Construction 0.48 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.43 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 0.41 HSIL Ltd. Consumer Durables 0.40 Delta Corp Ltd. Hotels, Resorts & Other Recreational Activities 0.34 Hindustan Construction Company Ltd. Construction Project 0.33 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) $$ 65, , , (Annualised) $$ (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period $$ (`) $$ 26 April 2018 Intouch mutually Apr 28, 17 Last 1 Year ,718 11,691 11,691 Apr 30, 15 Last 3 Years ,344 14,586 13,640 Apr 30, 13 Last 5 Years ,444 21,693 19,286 Mar 31, 96 Since Inception #N/A #N/A 1,307,888 #N/A #N/A greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Vinay Kulkarni, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Mar 29, 96 (Data for March 31, 96 is not available) to Jun 29, 99 and TRI values since Jun 30, 99. As Nifty 500 TRI data is not available for March 31, 96, benchmark performance is calculated from March 29, 96. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + % to NAV Dynamatic Technologies Ltd. Auto Ancillaries 0.26 Siemens Ltd. Industrial Capital Goods 0.24 Mahindra & Mahindra Ltd. Auto 0.17 Siti Networks Ltd. Media & Entertainment 0.10 MPS Ltd. Consumer Non Durables 0.08 Ambuja Cements Ltd. Cement 0.02 Sub Total Debt & Debt Related Money Market Instruments CD/CP Export - Import Bank of India CRISIL - A Tata Power Company Ltd. CRISIL - A Sub Total 2.88 Net Current Assets 3.58 Top Ten Holdings Outstanding exposure in derivative instruments (` in Crore) 5.69 Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) 0.08 Industry Allocation of Equity Holding (% of Net Assets) Banks Power Software 9.63 Construction Project 8.39 Petroleum Products 7.72 Gas 5.01 Pharmaceuticals 4.03 Auto 3.92 Ferrous Metals 3.66 Consumer Non Durables 3.60 Industrial Capital Goods 3.38 Finance 1.82 Non - Ferrous Metals 1.78 Chemicals 1.30 Transportation 0.62 Pesticides 0.56 Construction 0.48 Consumer Durables 0.40 Hotels, Resorts & Other Recreational Activities 0.34 Auto Ancillaries 0.26 Media & Entertainment 0.10 Cement

27 HDFC Children s Gift Fund (An open-ended balanced scheme) Ω π To generate long term capital appreciation. l Fund Manager Chirag Setalvad (since April 2, 07) Total Experience - Over 18 years March 2, 2001 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan Direct Plan assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) 3.37% Average Maturity * 5.31 years Modified Duration * 3.24 years Yield to Maturity * 7.55% * Computed on the invested amount for debt portfolio. Regular: 2.37% Direct: 1.37% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) For Units subject to Lock-in Period: NIL For Units not subject to Lock-in Period: 3.00% if the Units are redeemed / switched-out within one year from the date of allotment; 2.00% if the Units are redeemed / switched-out between the first and second year from the date of allotment; 1.00% if the Units are redeemed / switched-out between the second and third year from the date of allotment; Nil if the Units are redeemed / switched-out after third year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Nil. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD If opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from the date of allotment which ever is later. ( ) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). (Ω) Eligibility (of Unit holder) : Children less than 18 years of age as on the date of investment by the Investor / Applicant are eligible as Unit holders in the. (π) Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of 80 years) of the Unit holder, equivalent to 10 times the cost value of the outstanding Units held by the Unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10 lakhs per Unit holder. The insurance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy. Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 6.12 Reliance Industries Ltd. Petroleum Products 4.05 Larsen & Toubro Ltd. Construction Project 2.60 ICICI Bank Ltd. Banks 2.56 Infosys Ltd. Software 2.46 Motherson Sumi Systems Ltd. Auto Ancillaries 2.20 Britannia Industries Ltd. Consumer Non Durables 1.97 State Bank of India Banks 1.85 Bank of Baroda Banks 1.83 Bajaj Finance Ltd. Finance 1.71 NIIT Technologies Ltd. Software 1.47 Voltas Ltd. Construction Project 1.44 Schaeffler India Ltd. Industrial Products 1.33 TI Financial Holdings Ltd. Finance 1.31 UPL Ltd. Pesticides 1.31 Aurobindo Pharma Ltd. Pharmaceuticals 1.26 Maruti Suzuki India Ltd. Auto 1.26 Supreme Industries Ltd. Industrial Products 1.24 Vedanta Ltd. Non - Ferrous Metals 1.23 Housing Development Finance Corporation Ltd. Finance 1.18 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 1.17 SKF India Ltd. Industrial Products 1.14 Hexaware Technologies Ltd. Software 1.08 Swaraj Engines Ltd. Industrial Products 1.03 Indian Bank Banks 1.01 AIA Engineering Ltd. Industrial Products 0.99 Carborundum Universal Ltd. Industrial Products 0.98 Tata Steel Ltd. Ferrous Metals 0.98 Century Plyboards (India) Ltd. Consumer Durables 0.96 Axis Bank Ltd. Banks 0.96 Zensar Technologies Ltd. Software 0.89 V.S.T Tillers Tractors Ltd. Auto 0.89 Power Grid Corporation of India Ltd. Power 0.88 Bharti Infratel Ltd. The Indian Hotels Company Ltd. Telecom - Equipment And Accessories 0.87 Hotels, Resorts & Other Recreational Activities 0.82 Company Industry + / Rating % to NAV EIH Ltd Navneet Education Ltd. Media & Entertainment 0.76 PNC Infratech Ltd. Construction 0.75 Vesuvius India Ltd. Industrial Products 0.74 VST Industries Ltd. Consumer Non Durables 0.70 Blue Star Ltd. Consumer Durables 0.70 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.70 Sonata Software Ltd. Software 0.70 Finolex Industries Ltd. Industrial Products 0.65 Sadbhav Engineering Ltd. Construction Project 0.60 Larsen & Toubro Infotech Ltd. Software 0.58 Mcleod Russel India Ltd. Consumer Non Durables 0.57 Apollo Tyres Ltd. Auto Ancillaries 0.55 IPCA Laboratories Ltd. Pharmaceuticals 0.55 Bharti Airtel Ltd. Telecom - Services 0.55 Cipla Ltd. Pharmaceuticals 0.54 Jagran Prakashan Ltd. Media & Entertainment 0.53 Hero MotoCorp Ltd. Auto 0.50 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.47 eclerx Services Ltd. Software 0.45 Rallis India Ltd. Pesticides 0.44 Nilkamal Ltd. Industrial Products 0.44 Bayer Cropscience Ltd. Pesticides 0.44 Tube Investments of India Ltd. Auto Ancillaries 0.43 IFB Industries Ltd. Consumer Durables 0.27 Persistent Systems Ltd. Software 0.24 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.21 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 0.21 J.Kumar Infraprojects Ltd. Construction 0.17 CRISIL Ltd. Finance 0.17 Allahabad Bank Banks 0.15 Jyoti Structures Ltd. Power 0.03 Sub Total Debt & Debt Related government Securities 8.28 GOI 2027 Sovereign GOI 2020 Sovereign GOI 2040 Sovereign 1.45 Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

28 HDFC Children s Gift Fund (An open-ended balanced scheme) Ω π...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Banks Company Industry + / Rating % to NAV Company Industry + / Rating % to NAV Industrial Products GOI 2032 Sovereign 1.38 Sub Total Software Construction Project Finance GOI 2023 Sovereign GOI 2033 Sovereign GOI 2022 Sovereign GOI 2020 Sovereign 0.55 Credit Exposure Axis Bank Ltd. CRISIL - AA Tata Motors Finance Ltd. CRISIL - AA 1.97 Tata Sons Ltd. CRISIL - AAA 1.65 Petroleum Products GOI 2042 Sovereign 0.46 State Bank of India CRISIL - AA Pharmaceuticals GOI 2022 Sovereign 0.45 Power Finance Corporation Ltd. CRISIL - AAA 0.16 Consumer Non Durables Auto Ancillaries Hotels, Resorts & Other Recreational Activities Auto GOI 2028 Sovereign GOI 2023 Sovereign GOI 2022 Sovereign GOI 2044 Sovereign 0.09 Sub Total 8.64 Net Current Assets 9.30 Top Ten Holdings, Co-sponsor Pesticides 2.19 Consumer Durables 2.14 Media & Entertainment 1.29 Non - Ferrous Metals 1.23 Ferrous Metals 0.98 Construction 0.92 Power Telecom - Equipment & Accessories Telecom - Services Industrial Capital Goods Capital appreciation over long term. Investment in equity and equity related instruments as well as debt and money market instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Classification by Asset Class Equity G-Sec Credit Exposure 8.64 Net Current Assets 9.30 Since Inception 15 year 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 2, , , Mkt Value As on April 28, 2018 (` 000) $ 10, , , (Annualised) $ (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available. Date Period $ Classification by Rating Class (`) $ Apr 28, 17 Last 1 Year ,454 11,238 11,691 Apr 30, 15 Last 3 Years ,352 13,236 13,640 Apr 30, 13 Last 5 Years ,834 17,565 19,286 Mar 02, 01 Since Inception N.A ,127 N.A. 105,168 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. $ Adjusted for Bonus units declared under the. N.A.: Not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 1.81 AA+ & Below 6.83 Net Current Assets April 2018 Intouch mutually

29 HDFC Retirement Savings Fund Equity Plan (An open-ended notified Tax Savings Cum Pension with no assured returns) The investment objective of the Investment Plans offered under the is to generate a corpus to provide for pension to an investor in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing in a mix of securities comprising of equity, equity related instruments and/or Debt/Money Market Instruments. l Fund Manager Chirag Setalvad (Equities) (since February 25, 2016) Total Experience - Over 18 years & Shobhit Mehrotra (Debt) (since February 25, 2016) Total Experience: Over 25 years February 25, 2016 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan Direct Plan assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio 0.14% Regular: 2.76% Direct: 1.26% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s):- An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age; No Exit Load is payable if Units are redeemed/ switched-out on or after attainment of 60 years of age.; No Exit Load shall be imposed for switching between Investment Plan(s) and Plans/Options within the Investment Plan(s), subject to completion of lock-in period. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Upon completion of lock-in period, subsequent switches of units within the shall not be subject to further lock-in period. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. Investment predominantly in equity and equity related instruments. Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 7.52 Reliance Industries Ltd. Petroleum Products 4.06 ICICI Bank Ltd. Banks 3.86 Larsen & Toubro Ltd. Construction Project 3.38 Carborundum Universal Ltd. Industrial Products 2.57 Infosys Ltd. Software 2.25 Cholamandalam Investment and Finance Company Ltd. Finance 2.08 Chambal Fertilizers & Chemicals Ltd. Fertilisers 2.02 Aarti Industries Ltd. Chemicals 1.96 State Bank of India Banks 1.82 Aurobindo Pharma Ltd. Pharmaceuticals 1.81 Yes Bank Ltd. Banks 1.81 Hexaware Technologies Ltd. Software 1.81 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 1.78 KEC International Ltd. Construction Project 1.66 Indusind Bank Ltd. Banks 1.65 UPL Ltd. Pesticides 1.59 GNA Axles Ltd. Auto Ancillaries 1.46 Oriental Carbon & Chemicals Ltd. Chemicals 1.45 Mcleod Russel India Ltd. Consumer Non Durables 1.44 Voltas Ltd. Construction Project 1.44 Atul Ltd. Chemicals 1.41 TI Financial Holdings Ltd. Finance 1.40 IFB Industries Ltd. Consumer Durables 1.39 Sharda Cropchem Ltd. Pesticides 1.32 Redington (India) Ltd. Transportation 1.25 Axis Bank Ltd. Banks 1.24 Power Grid Corporation of India Ltd. Power 1.20 TV Today Network Ltd. Media & Entertainment 1.10 Apar Industries Ltd. Industrial Capital Goods 1.08 Tamil Nadu Newsprint & Papers Ltd. Paper 1.08 City Union Bank Ltd. Banks 1.05 Vedanta Ltd. Non - Ferrous Metals 1.04 Tata Steel Ltd. Ferrous Metals 1.03 Tata Metaliks Ltd. Ferrous Metals 0.99 SKF India Ltd. Industrial Products 0.98 Blue Star Ltd. Consumer Durables 0.94 Kalpataru Power Transmission Ltd. Power 0.89 Maruti Suzuki India Ltd. Auto 0.88 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.84 Mahanagar Gas Ltd. Gas 0.83 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.82 Tata Motors Ltd. DVR Auto 0.75 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.74 Date Period Company Industry + / Rating % to NAV Nilkamal Ltd. Industrial Products 0.74 IPCA Laboratories Ltd. Pharmaceuticals 0.72 Bajaj Electricals Ltd. Consumer Durables 0.71 Bank of Baroda Banks 0.70 The Indian Hotels Company Ltd. Intouch mutually April (`) Hotels, Resorts & Other Recreational Activities 0.69 Zensar Technologies Ltd. Software 0.67 Jagran Prakashan Ltd. Media & Entertainment 0.65 BEML Ltd. Industrial Capital Goods 0.53 KEI Industries Ltd. Industrial Products 0.49 Timken India Ltd. Industrial Products 0.49 Kirloskar Oil Engines Ltd. Industrial Products 0.47 Tube Investments of India Ltd. Auto Ancillaries 0.45 Divi's Laboratories Ltd. Pharmaceuticals 0.36 Cipla Ltd. Pharmaceuticals 0.36 Oil & Natural Gas Corporation Ltd. Oil 0.29 Greenply Industries Ltd. Consumer Durables 0.04 Sub Total Debt & Debt Related Credit Exposure Syndicate Bank CARE - AA Union Bank of India FITCH - AA Sub Total 1.41 Net Current Assets Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) Banks Construction Project Industrial Products Chemicals Petroleum Products Software Finance Pharmaceuticals Consumer Durables Pesticides Hotels, Resorts & Other Recreational Activities Industrial Capital Goods Power Fertilisers Ferrous Metals Auto Ancillaries Media & Entertainment Auto Consumer Non Durables Transportation Paper Non - Ferrous Metals Gas Telecom - Equipment & Accessories Oil Apr 28, 17 Last 1 Year ,791 11,691 11,691 Feb 25, 16 Since Inception ,438 16,780 15,862 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad Investors understand that their principal will be at (Equities) and Shobhit Mehrotra (Debt), please refer page 52. The is in existence for more than 1 year but less than 3 years. Different moderately high risk plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower ~ Investors should consult their financial advisers if in doubt to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 68. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified

30 HDFC Retirement Savings Fund Hybrid Equity Plan The investment objective of the Investment Plans offered under the is to generate a corpus to provide for pension to an investor in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing in a mix of securities comprising of equity, equity related instruments and/or Debt/Money Market Instruments. l Fund Manager Chirag Setalvad (Equities) (since February 25, 2016) Total Experience - Over 18 years & Shobhit Mehrotra (Debt) (since February 25, 2016) Total Experience: Over 25 years February 25, 2016 NAV (As on APRIL 30, 2018) NAV per Unit (`) Regular Plan Direct Plan assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Turnover Ratio 2.60% Regular: 2.85% Direct: 1.35% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s):- An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age; No Exit Load is payable if Units are redeemed/ switched-out on or after attainment of 60 years of age.; No Exit Load shall be imposed for switching between Investment Plan(s) and Plans/Options within the Investment Plan(s), subject to completion of lock-in period. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Upon completion of lock-in period, subsequent switches of units within the shall not be subject to further lock-in period. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. Investment predominantly in equity and equity related instruments & balance in debt and money market instruments. Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 5.66 Reliance Industries Ltd. Petroleum Products 3.59 Infosys Ltd. Software 3.26 ICICI Bank Ltd. Banks 3.15 Larsen & Toubro Ltd. Construction Project 2.87 Aarti Industries Ltd. Chemicals 2.31 Merck Ltd. Pharmaceuticals 2.28 NIIT Technologies Ltd. Software 1.69 Sundram Fasteners Ltd. Auto Ancillaries 1.63 Chambal Fertilizers & Chemicals Ltd. Fertilisers 1.53 City Union Bank Ltd. Banks 1.53 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 1.53 UPL Ltd. Pesticides 1.49 Aurobindo Pharma Ltd. Pharmaceuticals 1.45 Oriental Carbon & Chemicals Ltd. Chemicals 1.43 Carborundum Universal Ltd. Industrial Products 1.43 State Bank of India Banks 1.42 TI Financial Holdings Ltd. Finance 1.39 Vedanta Ltd. Non - Ferrous Metals 1.22 Yes Bank Ltd. Banks 1.18 Blue Star Ltd. Consumer Durables 1.16 Bajaj Electricals Ltd. Consumer Durables 1.15 Axis Bank Ltd. Banks 1.08 Voltas Ltd. Construction Project 1.07 Tata Steel Ltd. Ferrous Metals 1.06 Maruti Suzuki India Ltd. Auto 1.03 Cholamandalam Investment and Finance Company Ltd. Finance 1.01 Mahanagar Gas Ltd. Gas 0.98 Apar Industries Ltd. Industrial Capital Goods 0.94 MRF Ltd. Auto Ancillaries 0.93 Indusind Bank Ltd. Banks 0.88 Nilkamal Ltd. Industrial Products 0.88 Kalpataru Power Transmission Ltd. Power 0.87 SKF India Ltd. Industrial Products 0.82 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.80 Power Grid Corporation of India Ltd. Power 0.79 Tamil Nadu Newsprint & Papers Ltd. Paper 0.78 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.77 Redington (India) Ltd. Transportation 0.70 Zensar Technologies Ltd. Software 0.69 Bank of Baroda Banks 0.68 Greenply Industries Ltd. Consumer Durables 0.68 Vesuvius India Ltd. Industrial Products 0.68 Sadbhav Engineering Ltd. Construction Project 0.64 Jagran Prakashan Ltd. Media & Entertainment 0.58 Tata Motors Ltd. DVR Auto 0.56 Classification by Asset Class Equity G-Sec 2.89 Credit Exposure Net Current Assets Date Period (An open-ended notified Tax Savings Cum Pension with no assured returns) Company Industry + / Rating % to NAV Hindustan Petroleum Corporation Ltd. Petroleum Products 0.53 Kirloskar Oil Engines Ltd. Industrial Products 0.49 BEML Ltd. Industrial Capital Goods 0.47 Tube Investments of India Ltd. Auto Ancillaries 0.45 Divi's Laboratories Ltd. Pharmaceuticals 0.33 Cipla Ltd. Pharmaceuticals 0.30 Sub Total Debt & Debt Related government Securities 7.68 GOI 2023 Sovereign GOI 2020 Sovereign 1.44 Sub Total 2.89 Credit Exposure Reliance Utilities & Power Pvt. Ltd. CRISIL - AAA 5.89 State Bank of India CRISIL - AA Syndicate Bank CARE - AA Reliance Jio Infocomm Ltd. CRISIL - AAA 1.50 Sub Total Net Current Assets Top Ten Holdings Industry Allocation of Equity Holding (% of Net Assets) Banks Software 5.64 Construction Project 4.58 Pharmaceuticals 4.36 Industrial Products 4.30 Petroleum Products 4.12 Chemicals 3.74 Auto Ancillaries 3.01 Consumer Durables 2.99 Finance 2.40 Hotels, Resorts & Other Recreational Activities 2.30 Power 1.66 Auto 1.59 Fertilisers 1.53 Pesticides 1.49 Industrial Capital Goods 1.41 Non - Ferrous Metals 1.22 Ferrous Metals 1.06 Gas 0.98 Telecom - Equipment And Accessories 0.80 Paper Transportation Media & Entertainment Classification by Rating Class Equity Sovereign 2.89 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 7.39 AA+ & Below 7.04 Net Current Assets April 2018 Intouch mutually (`) Apr 28, 17 Last 1 Year ,402 11,238 11,691 Feb 25, 16 Since Inception ,315 14,364 15,862 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. Investors understand that their principal will be at The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense moderately high risk structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged ~ Investors should consult their financial advisers if in doubt in the Regular Plan. For Performance of Direct Plan, refer page no. 68. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified.

31 HDFC Retirement Savings Fund Hybrid Debt Plan The investment objective of the Investment Plans offered under the is to generate a corpus to provide for pension to an investor in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing in a mix of securities comprising of equity, equity related instruments and/or Debt/Money Market Instruments. l Fund Manager Chirag Setalvad (Equities) (since February 26, 2016) Total Experience - Over 18 years & Shobhit Mehrotra (Debt) (since February 26, 2016) Total Experience: Over 25 years February 26, 2016 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan Direct Plan assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2018 Average for Month of April, Average Maturity * 3.14 years Modified Duration * 2.46 years Yield to Maturity * 7.97% * Computed on the invested amount for debt portfolio. Regular: 2.65% Direct: 1.15% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: CRISIL 10 Year Gilt Index (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s):- An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age; No Exit Load is payable if Units are redeemed/ switched-out on or after attainment of 60 years of age.; No Exit Load shall be imposed for switching between Investment Plan(s) and Plans/Options within the Investment Plan(s), subject to completion of lock-in period. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Upon completion of lock-in period, subsequent switches of units within the shall not be subject to further lock-in period. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. Investment predominantly in debt and money market instruments & balance in equity and equity related instruments. Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 1.16 Sundram Fasteners Ltd. Auto Ancillaries 1.15 Avanti Feeds Ltd. Consumer Non Durables 1.09 ICICI Bank Ltd. Banks 0.93 Aarti Industries Ltd. Chemicals 0.76 NIIT Technologies Ltd. Software 0.75 Time Technoplast Ltd. Industrial Products 0.70 Blue Star Ltd. Consumer Durables 0.70 GNA Axles Ltd. Auto Ancillaries 0.70 Reliance Industries Ltd. Petroleum Products 0.67 Tata Steel Ltd. Ferrous Metals 0.67 City Union Bank Ltd. Banks 0.64 Infosys Ltd. Software 0.60 Carborundum Universal Ltd. Industrial Products 0.59 Bajaj Electricals Ltd. Consumer Durables 0.57 Mahanagar Gas Ltd. Gas 0.55 Oriental Carbon & Chemicals Ltd. Chemicals 0.54 Vesuvius India Ltd. Industrial Products 0.51 Orient Refractories Ltd. Industrial Products 0.49 Kalpataru Power Transmission Ltd. Power 0.43 SKF India Ltd. Industrial Products 0.43 Apar Industries Ltd. Industrial Capital Goods 0.42 Zensar Technologies Ltd. Software 0.41 State Bank of India Banks 0.41 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.41 Larsen & Toubro Ltd. Construction Project 0.40 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.40 Nilkamal Ltd. Industrial Products 0.39 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.39 TI Financial Holdings Ltd. Finance 0.38 Classification by Asset Class Equity G-Sec Credit Exposure Net Current Assets Date Period (An open-ended notified Tax Savings Cum Pension with no assured returns) Company Industry + / Rating % to NAV Timken India Ltd. Industrial Products 0.36 Bank of Baroda Banks 0.34 Sadbhav Engineering Ltd. Construction Project 0.33 Poddar Pigments Ltd. Chemicals 0.33 Power Grid Corporation of India Ltd. Power 0.33 BEML Ltd. Industrial Capital Goods 0.33 Tamil Nadu Newsprint & Papers Ltd. Paper 0.31 Cipla Ltd. Pharmaceuticals 0.27 Kirloskar Oil Engines Ltd. Industrial Products 0.26 Axis Bank Ltd. Banks 0.25 Aurobindo Pharma Ltd. Pharmaceuticals 0.22 Tata Motors Ltd. DVR Auto 0.17 Tube Investments of India Ltd. Auto Ancillaries 0.12 Sub Total Debt & Debt Related government Securities 7.68 GOI 2023 Sovereign GOI 2020 Sovereign GOI 2020 Sovereign 4.32 Sub Total Credit Exposure Starlite Lighting Ltd. (Corporate Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) 8.39 State Bank of India CRISIL - AA Reliance Utilities & Power Pvt. Ltd. CRISIL - AAA 4.42 Syndicate Bank CARE - AA Reliance Jio Infocomm Ltd. CRISIL - AAA 3.41 Union Bank of India FITCH - AA Sub Total Net Current Assets Top Ten Holdings Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 7.83 AA+ & Below Net Current Assets Intouch mutually April (`) Apr 28, 17 Last 1 Year ,688 10,567 9,899 Feb 26, 16 Since Inception ,648 12,315 11,249 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad Investors understand that their principal will be at (Equities) and Shobhit Mehrotra (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense moderately high risk structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 68. ~ Investors should consult their financial advisers if in doubt Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified.

32 HDFC MF MIP - Short Term Plan To generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the is to generate long-term capital appreciation by investing a portion of the s assets in equity and equity related instruments. Monthly Income is not assured & is subject to availability of distributable surplus. l Fund Manager Vinay Kulkarni (Equities) (since November 21, 06) Total Experience: Over 27 years & Shobhit Mehrotra (Debt) (since February 16, 04) Total Experience: Over 25 years December 26, 2003 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Monthly Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Monthly Dividend Option Direct Plan - Quarterly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2018 Average for Month of April, Average Maturity * 5.29 years Modified Duration * 3.70 years Yield to Maturity * 7.92% * Computed on the invested amount for debt portfolio. Regular: 2.40% Direct: 1.30% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index In respect of each purchase / switch-in of Units, 15% of the Units ( the limit ) may be redeemed without any exit load from the date of allotment. Any redemption in excess of the limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth, Monthly Dividend & Quarterly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase: (Growth & Quarterly Dividend Option) - ` 5,000 and any amount thereafter. (Monthly Dividend Option) - ` 25,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to long term. Investment in debt and money market instruments as well as equity and equity related instruments. Investors understand that their principal will be at moderately high risk ~ Investors should consult their financial advisers if in doubt Company Industry + / Rating % to NAV Equity & Equity Related KEC International Ltd. Construction Project 1.94 ICICI Bank Ltd. Banks 1.71 HDFC Bank Ltd. Banks 1.42 Bank of Baroda Banks 1.36 State Bank of India Banks 1.35 Larsen & Toubro Ltd. Construction Project 1.11 Century Textiles & Industries Ltd. Cement 1.10 Blue Star Ltd. Consumer Durables 1.08 Zuari Agro Chemicals Ltd. Fertilisers 1.04 Tata Steel Ltd. Ferrous Metals 1.03 Cipla Ltd. Pharmaceuticals 0.89 Oil India Ltd. Oil 0.75 The Federal Bank Ltd. Banks 0.70 Kalpataru Power Transmission Ltd. Power 0.62 Apar Industries Ltd. Industrial Capital Goods 0.59 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 0.53 Canara Bank Banks 0.48 C & C Constructions Ltd. Construction 0.48 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.46 NMDC Ltd. Minerals/Mining 0.46 Titagarh Wagons Ltd. Industrial Capital Goods 0.43 Sadbhav Engineering Ltd. Construction Project 0.42 Wipro Ltd. Software 0.39 Rallis India Ltd. Pesticides 0.32 Navneet Education Ltd. Media & Entertainment 0.29 Mcleod Russel India Ltd. Consumer Non Durables 0.28 Va Tech Wabag Ltd. Engineering Services 0.26 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.19 Unichem Laboratories Ltd. Pharmaceuticals 0.06 Union Bank of India Banks 0.01 Sub Total Debt & Debt Related government Securities 8.40 GOI 2024 Sovereign GOI 2024 Sovereign Classification by Asset Class (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus) Equity G-Sec, SDL Credit Exposure Net Current Assets Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 3, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets (`) Apr 28, 17 Last 1 Year ,396 10,567 9,899 Apr 30, 15 Last 3 Years ,197 12,520 11,819 Apr 30, 13 Last 5 Years ,045 15,077 13,121 Dec 26, 03 Since Inception ,019 30,742 20,520 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. For performance of other schemes managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 66. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + / Rating % to NAV 7.50 GOI 2034 Sovereign GOI 2033 Sovereign GOI 2027 Sovereign GOI 2030 Sovereign GOI 2034 Sovereign GOI 2023 Sovereign SDL 2025 Sovereign GOI 2026 Sovereign GOI 2029 Sub Total Credit Exposure State Bank of India CRISIL - AA+, AAA 5.47 Hindalco Industries Ltd. CRISIL - AA 3.76 LIC Housing Finance Ltd. CRISIL - AAA 3.57 National Highways Authority of India CRISIL - AAA 3.57 Tata Steel Ltd. CARE - AA Syndicate Bank CARE - AA India Infoline Housing Finance Ltd. CRISIL - AA 1.86 Export - Import Bank of India CRISIL - AAA 1.86 Aarti Industries Ltd. CRISIL - AA Rural Electrification Corporation Ltd. CRISIL - AAA 0.92 Cholamandalam Investment and Finance Company Ltd. ICRA - AA 0.70 Sundaram BNP Paribas Home Finance Ltd. ICRA - AA Asian Satellite Broadcast Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - A+(SO) 0.42 Sub Total Net Current Assets Top Ten Less than 0.01% 32 April 2018 Intouch mutually

33 HDFC MF MIP - Long Term Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus) To generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the is to generate long-term capital appreciation by investing a portion of the s assets in equity and equity related instruments. Monthly Income is not assured & is subject to availability of distributable surplus. l Fund Manager Prashant Jain (Equities) (since December 26, 03) Total Experience: Over 26 years & Shobhit Mehrotra (Debt) (since September 1, 07) Total Experience: Over 25 years December 26, 2003 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Monthly Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Monthly Dividend Option Direct Plan - Quarterly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 7.14 years Modified Duration * 4.72 years Yield to Maturity * 8.28% * Computed on the invested amount for debt portfolio. Regular: 1.85% Direct: 1.20% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index In respect of each purchase / switch-in of Units, 15% of the Units ( the limit ) may be redeemed without any exit load from the date of allotment. Any redemption in excess of the limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment of units. No Exit load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth, Monthly Dividend & Quarterly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase: (Growth & Quarterly Dividend Option) - ` 5,000 and any amount thereafter. (Monthly Dividend Option) - ` 25,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to long term. Investment in debt and money market instruments as well as equity and equity related instruments. Company Industry + / Rating % to NAV Equity & Equity Related Larsen & Toubro Ltd. Construction Project 2.17 ICICI Bank Ltd. Banks 2.04 Infosys Ltd. Software 2.03 State Bank of India Banks 1.56 NTPC Ltd. Power 1.09 MEP Infrastructure Developers Ltd. Transportation 0.97 Cipla Ltd. Pharmaceuticals 0.96 Power Grid Corporation of India Ltd. Power 0.91 HDFC Bank Ltd. Banks 0.86 PNC Infratech Ltd. Construction 0.80 Apar Industries Ltd. Industrial Capital Goods 0.74 Tata Consultancy Services Ltd. Software 0.70 Balkrishna Industries Ltd. Auto Ancillaries 0.64 GAIL (India) Ltd. Gas 0.64 Sharda Cropchem Ltd. Pesticides 0.60 H.G. Infra Engineering Ltd. Construction 0.59 Tata Steel Ltd. Ferrous Metals 0.51 Bank of Baroda Banks 0.49 Syndicate Bank Banks 0.48 ITD Cementation India Ltd. Construction 0.47 NHPC Ltd. Power 0.45 Tata Chemicals Ltd. Chemicals 0.45 Aurobindo Pharma Ltd. Pharmaceuticals 0.43 Canara Bank Banks 0.43 Avenue Supermarts Ltd. Retailing 0.43 CG Power & Industrial Industrial Capital Solutions Ltd. Goods 0.42 Punjab National Bank Banks 0.41 Rural Electrification Corporation Ltd. Finance 0.37 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.36 Vedanta Ltd. Non - Ferrous Metals 0.32 Axis Bank Ltd. Banks 0.30 Power Finance Corporation Ltd. Finance 0.30 Union Bank of India Banks 0.28 Siemens Ltd. Industrial Capital Goods 0.22 Network 18 Media & Investments Ltd. Media & Entertainment 0.16 Corporation Bank Banks 0.15 Maharashtra Seamless Ltd. Ferrous Metals 0.10 Precision Camshafts Ltd. Auto Ancillaries 0.10 Tata Motors Ltd. DVR Auto 0.08 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.05 Jaiprakash Power Ventures Ltd. Power 0.03 Elecon Engineering Co. Ltd. Industrial Capital Sub Total Debt & Debt Related government Securities 7.17 GOI 2028 Sovereign GOI 2034 Sovereign GOI 2026 Sovereign GOI 2032 Sovereign GOI 2031 Sovereign GOI 2027 Sovereign GOI 2030 Sovereign GOI 2033 Sovereign 2.19 Classification by Asset Class Equity G-Sec CD/CP 2.18 Credit Exposure Net Current Assets 3.93 Company Industry + / Rating % to NAV 7.35 GOI 2024 Sovereign GOI 2029 Sovereign GOI 2030 Sovereign GOI 2034 Sovereign GOI 2035 Sovereign GOI 2025 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2044 Sovereign GOI 2023 Sovereign 0.11 Sub Total Money Market Instruments CD/CP Punjab & Sind Bank ICRA - A Sub Total 2.18 Credit Exposure Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 3.08 Reliance Jio Infocomm Ltd. ICRA - AAA 2.88 Housing Development Finance Corporation Ltd. CRISIL - AAA 2.63 Union Bank of India FITCH - AA, AA Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 2.25 Punjab National Bank CRISIL - AA 2.13 Rural Electrification Corporation Ltd. CRISIL - AAA 2.05 State Bank of India CRISIL - AAA 1.93 Tata International Ltd. CARE - A Canara Bank ICRA - AA 1.47 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 1.47 HDFC Bank Ltd. CRISIL - AA Andhra Bank CRISIL - AA Tata Realty and Infrastructure Ltd. CRISIL - AA 1.34 Hazaribagh Ranchi Expressway CARE - AAA(SO) / FITCH Ltd. (NHAI Annuity) - AAA(SO) 1.17 Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.14 Tata Power Company Ltd. CRISIL - AA Power Grid Corporation of India Ltd. CRISIL - AAA 0.90 Andhra Pradesh Expressway Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.89 Syndicate Bank CARE - AA Kotak Mahindra Bank Ltd. CRISIL - AAA 0.76 Bank of Baroda CARE - AA Adani Transmission Ltd. FITCH - AA Export - Import Bank of India CRISIL - AAA 0.15 Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 0.09 Bharati Telecom Limited CRISIL - AA Sub Total Net Current Assets 3.93 Top Ten Holdings, Less than 0.01% Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 3.93 Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 3, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period (`) Apr 28, 17 Last 1 Year ,301 10,567 9,899 Apr 30, 15 Last 3 Years ,550 12,520 11,819 Apr 30, 13 Last 5 Years ,187 15,077 13,121 Dec 26, 03 Since Inception ,234 30,742 20,520 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of Investors understand that their principal will be at its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. moderately high risk For performance of other schemes managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower ~ Investors should consult their financial advisers if in doubt to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 66. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

34 HDFC Multiple Yield Fund - Plan 2005 (An open-ended income scheme) To generate positive returns over medium time frame with low risk of capital loss over medium time frame. However, there can be no assurance that the investment objective of the will be achieved. l Fund Manager Chirag Setalvad (Equities) (since April 2, 07) Total Experience - Over 18 years & Anil Bamboli (Debt) (since August 17, 05) Total Experience: Over 23 years August 17, 2005 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Average Maturity * 174 days Modified Duration * 146 days Yield to Maturity * 7.59% * Computed on the invested amount for debt portfolio. Regular: 2.04% Direct: 1.49% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: Crisil 1 year T-Bill Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 15 months from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 15 months from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Positive returns over medium term with low risk of capital loss over medium term. Investment in debt and money market instruments with maturity of 15 months (85%) as well as equity and equity related instruments (15%). Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt Company Industry + / Rating % to NAV Equity & Equity Related NIIT Technologies Ltd. Software 1.35 Balkrishna Industries Ltd. Auto Ancillaries 1.18 State Bank of India Banks 1.16 Sundram Fasteners Ltd. Auto Ancillaries 1.04 Infosys Ltd. Software 1.00 Larsen & Toubro Ltd. Construction Project 0.91 Carborundum Universal Ltd. Industrial Products 0.83 Savita Oil Technologies Ltd. Petroleum Products 0.83 Greenply Industries Ltd. Consumer Durables 0.80 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.74 Banco Products (I) Ltd. Auto Ancillaries 0.74 Vesuvius India Ltd. Industrial Products 0.71 Oriental Carbon & Chemicals Ltd. Chemicals 0.70 Jagran Prakashan Ltd. Media & Entertainment 0.69 VST Industries Ltd. Consumer Non Durables 0.68 Suprajit Engineering Ltd. Auto Ancillaries 0.65 IPCA Laboratories Ltd. Pharmaceuticals 0.57 Timken India Ltd. Industrial Products 0.56 Tata Motors Ltd. DVR Auto 0.55 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.54 Rural Electrification Corporation Ltd. Finance 0.52 Tamil Nadu Newsprint & Papers Ltd. Paper 0.51 Classification by Asset Class Equity Credit Exposure Net Current Assets 3.91 Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on April 28, 2018 (` 000) 2, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Date Period Classification by Rating Class Equity AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below 8.69 Net Current Assets 3.91 (`) Apr 28, 17 Last 1 Year ,737 10,567 10,611 Apr 30, 15 Last 3 Years ,746 12,520 12,216 Apr 30, 13 Last 5 Years ,388 15,077 14,001 Aug 17, 05 Since Inception ,419 28,893 21,442 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt), please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 67. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified. Company Industry + / Rating % to NAV Apar Industries Ltd. Industrial Capital Goods 0.37 IDFC Ltd. Finance 0.36 Union Bank of India Banks 0.33 Poddar Pigments Ltd. Chemicals 0.06 Sub Total Debt & Debt Related Credit Exposure Indian Oil Corporation Ltd. ICRA - AAA Export - Import Bank of India CRISIL - AAA National Bank for Agriculture & Rural Development CRISIL - AAA Kotak Mahindra Prime Ltd. CRISIL - AAA 9.76 L&T Infrastructure Finance Company Ltd. ICRA - AA Housing Development Finance Corporation Ltd. CRISIL - AAA 8.66 CanFin Homes Ltd. CARE - AAA 6.95 Small Industries Development Bank of India CARE - AAA 5.80 LIC Housing Finance Ltd. CRISIL - AAA 2.89 Sub Total Net Current Assets 3.91 Top Ten Holdings, Co-sponsor 34 April 2018 Intouch mutually

35 HDFC Arbitrage Fund (An open-ended equity scheme) To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. l Fund Manager Krishan Kumar Daga (since September 10, 15) Total Experience: Over 21 years October 23, 2007 NAV (As on APRIL 30, 2018) NAV per Unit (`) Retail Plan Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Wholesale Plan Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Monthly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Turnover Ratio (Last 1 year) % Regular: 0.75% Direct: 0.25% l #BENCHMARK INDEX: Crisil Liquid Fund Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switchedout within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 month from the date of allotment. For further details, please refer to para Exit Load on Pg 52. (Wholesale Plan) - Regular Plan, (Wholesale Plan) - Direct Plan. Under Each Plan : Growth & Dividend. Dividend Option offers Monthly Dividend Option and Normal Dividend Option with Payout and Reinvestment facility. Purchase/ Purchase: ` 1 lakh and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Company Industry + / Rating % to NAV Equity & Equity Related (Quantity fully hedged using Futures/Options) Sun Pharmaceutical Industries Ltd. Pharmaceuticals 5.68 Aurobindo Pharma Ltd. Pharmaceuticals 4.22 Housing Development Finance Corporation Ltd. Finance 3.71 Indiabulls Housing Finance Ltd. Finance 2.51 ICICI Bank Ltd. Banks 2.32 IDFC Ltd. Finance 2.04 State Bank of India Banks 1.71 Lupin Ltd. Pharmaceuticals 1.56 ITC Ltd. Consumer Non Durables 1.55 Ashok Leyland Ltd. Auto 1.50 Steel Authority of India Ltd. Ferrous Metals 1.45 IDFC Bank Ltd. Banks 1.44 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1.44 Titan Company Ltd. Consumer Durables 1.35 Maruti Suzuki India Ltd. Auto 1.34 JSW Steel Ltd. Ferrous Metals 1.34 Bharti Airtel Ltd. Telecom - Services 1.29 Tata Motors Ltd. Auto 1.24 Tata Motors Ltd. DVR Auto 1.23 Dewan Housing Finance Corporation Ltd. Finance 1.19 Shriram Transport Finance Company Ltd. Finance 1.09 Adani Ports and Special Economic Zone Ltd. Transportation 1.04 Reliance Infrastructure Ltd. Power 1.00 Reliance Capital Ltd. Finance 0.98 Manappuram Finance Ltd. Finance 0.94 DLF Ltd. Construction 0.81 Multi Commodity Exchange of India Ltd. Finance 0.78 IRB Infrastructure Developers Ltd. Construction 0.74 UPL Ltd. Pesticides 0.72 Tata Chemicals Ltd. Chemicals 0.66 Nestle India Ltd. Consumer Non Durables 0.65 Dabur India Ltd. Consumer Non Durables 0.61 Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.61 LIC Housing Finance Ltd. Finance 0.59 Capital First Ltd. Finance 0.56 Raymond Ltd. Textile Products 0.56 Yes Bank Ltd. Banks 0.55 Tata Communications Ltd. Telecom - Services 0.54 Century Textiles & Industries Ltd. Cement 0.52 MRF Ltd. Auto Ancillaries 0.50 CanFin Homes Ltd. Finance 0.50 NCC Ltd. Construction Project 0.47 Bank of Baroda Banks 0.46 Tata Power Company Ltd. Power 0.45 Godrej Industries Ltd. Consumer Non Durables 0.44 Company Industry + / Rating % to NAV Bata India Ltd. Consumer Durables 0.43 Escorts Ltd. Auto 0.42 Arvind Ltd. Textile Products 0.39 Idea Cellular Ltd. Telecom - Services 0.39 Ceat Ltd. Auto Ancillaries 0.38 Eicher Motors Ltd. Auto 0.38 Wockhardt Ltd. Pharmaceuticals 0.37 Jet Airways (India) Ltd. Transportation 0.37 Bajaj Finance Ltd. Finance 0.36 Britannia Industries Ltd. Consumer Non Durables 0.32 Petronet LNG Ltd. Gas 0.28 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.26 Power Finance Corporation Ltd. Finance 0.25 Cadila Healthcare Ltd. Pharmaceuticals 0.25 PC Jeweller Ltd. Consumer Durables 0.25 NBCC (India) Ltd. Construction 0.24 United Spirits Ltd. Consumer Non Durables 0.23 Jindal Steel & Power Ltd. Ferrous Metals 0.21 Mahindra & Mahindra Financial Services Ltd. Finance 0.21 Havells India Ltd. Consumer Durables 0.21 PTC India Ltd. Power 0.20 RBL Bank Ltd. Banks 0.20 Repco Home Finance Ltd. Finance 0.19 Ujjivan Financial Services Ltd. Finance 0.19 Vedanta Ltd. Non - Ferrous Metals 0.19 Adani Power (Mundra) Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) Power 0.18 ICICI Prudential Life Insurance Company Ltd. Finance 0.17 Exide Industries Ltd. Auto Ancillaries 0.17 Jain Irrigation Systems Ltd. Industrial Products 0.16 L&T Finance Holdings Ltd. Finance 0.14 Reliance Power Ltd. Power 0.14 PVR Ltd. Media & Entertainment 0.14 Bajaj Finserv Ltd. Finance 0.14 Kajaria Ceramics Ltd. Construction 0.13 Reliance Naval and Engineering Ltd. Industrial Capital Goods 0.12 Bharat Forge Ltd. Industrial Products 0.12 Equitas Holdings Ltd. Finance 0.11 Indian Bank Banks 0.11 Container Corporation of India Ltd. Transportation 0.11 Chennai Petroleum Corp Ltd. Petroleum Products 0.11 Siemens Ltd. Industrial Capital Goods 0.09 Tata Elxsi Ltd. Software 0.08 Hindalco Industries Ltd. Non - Ferrous Metals 0.08 IDBI Bank Ltd. Banks 0.08 TV18 Broadcast Ltd. Media & Entertainment 0.07 Bajaj Auto Ltd. Auto 0.07 Muthoot Finance Ltd. Finance 0.07 Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2018 unless otherwise specified....contd on next page Intouch mutually April

36 HDFC Arbitrage Fund (An open-ended equity scheme)...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Finance Pharmaceuticals Banks 6.94 Auto 6.19 Consumer Non Durables 3.94 Ferrous Metals 3.05 Consumer Durables 2.24 Telecom - Services 2.22 Power 1.97 Construction 1.92 Transportation 1.52 Auto Ancillaries 1.05 Textile Products 0.95 Pesticides 0.72 Cement 0.66 Chemicals 0.66 Fertilisers 0.61 Construction Project 0.54 Petroleum Products 0.46 Gas 0.31 Industrial Capital Goods 0.29 Industrial Products 0.28 Non - Ferrous Metals 0.27 Media & Entertainment 0.25 Software 0.12 Trading Company Industry + / Rating % to NAV Suzlon Energy Ltd. Industrial Capital Goods 0.07 Hindustan Construction Company Ltd. Construction Project 0.07 Ambuja Cements Ltd. Cement 0.06 IFCI Ltd. Finance 0.06 Mangalore Refinery and Petrochemicals Ltd. Petroleum Products 0.06 Grasim Industries Ltd. Cement 0.05 Piramal Enterprises Ltd. Pharmaceuticals 0.05 United Breweries Ltd. Consumer Non Durables 0.05 Tata Steel Ltd. Ferrous Metals 0.05 Granules India Ltd. Pharmaceuticals 0.05 Tata Global Beverages Ltd. Consumer Non Durables 0.05 SREI Infrastructure Finance Ltd. Finance 0.05 Sun TV Network Ltd. Media & Entertainment 0.04 Oracle Financial Services Software Ltd. Software 0.04 Balrampur Chini Mills Ltd. Consumer Non Durables 0.03 Indian Oil Corporation Ltd. Petroleum Products 0.03 GAIL (India) Ltd. Gas 0.03 The South Indian Bank Ltd. Banks 0.03 Allahabad Bank Banks 0.02 DCB Bank Ltd. Banks 0.02 Shree Cement Ltd. Cement 0.01 Adani Enterprises Ltd. Trading 0.01 Godfrey Phillips India Ltd. Consumer Non Durables 0.01 Hero MotoCorp Ltd. Auto 0.01 Ajanta Pharma Ltd. Pharmaceuticals 0.01 ACC Ltd. Cement 0.01 Bharat Electronics Ltd. Industrial Capital Goods 0.01 Company Industry + / Rating % to NAV India Cements Ltd. Cement 0.01 Power Grid Corporation of India Ltd. Karnataka Bank Ltd. Voltas Ltd. Construction Torrent Power Ltd. Sub Total Debt & Debt Related Credit Exposure Vedanta Ltd. CRISIL - AA 2.42 Punjab National Bank FITCH - AA 1.89 Tata Capital Financial Services Ltd. ICRA - AA State Bank of India CRISIL - AA ICICI Bank Ltd. CARE - AA Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 1.21 Union Bank of India FITCH - AA 1.18 Syndicate Bank CARE - AA Andhra Bank CARE - AA Bank of Baroda CARE - AA 0.36 HDB Financial Services Ltd. CRISIL - AAA 0.01 Sub Total Net Current Assets Top Ten Holdings, less than 0.01% Outstanding exposure in derivative instruments (` in Crore) 2, Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) Income over short term. Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment. Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt Performance^ - Wholesale Plan - Regular Plan - Growth Option Date Period (`) 36 April 2018 Intouch mutually Apr 28, 17 Last 1 Year ,554 10,685 11,691 Apr 30, 15 Last 3 Years ,989 12,354 13,640 Apr 30, 13 Last 5 Years ,996 14,730 19,286 Oct 23, 07 Since Inception ,849 21,469 22,159 greater than 1 year period are compounded annualized (CAGR). performance is not strictly comparable with that of its since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of April 30, 2018 unless otherwise specified.

37 Positioning - Equity s Positioning and Categorization Diversified Equity s Old Name New Name Category Positioning Effective Date Market Cap Biased HDFC Top 200 Fund HDFC Top 100 Fund Large Cap Fund Focuses on Large Cap stocks (minimum 80% of total assets) 23 rd May 2018 HDFC Mid Cap Opportunities Fund HDFC Mid-Cap Opportunities Fund Mid Cap Fund Focuses on Mid Cap stocks (minimum 65% of total assets) 23 rd May 2018 HDFC Small Cap Fund HDFC Small Cap Fund Small Cap Fund Focuses on Small Cap stocks (minimum 65% of total assets) 23 rd May 2018 HDFC Large Cap Fund HDFC Growth Opportunities Fund Large & Mid Cap Fund Invests a minimum of 35% of total assets each into large and mid cap stocks 23 rd May 2018 Non-Market Cap Biased HDFC Equity Fund HDFC Equity Fund Multi Cap Fund Seeks opportunities across large, mid and small market capitalization stocks 23 rd May 2018 HDFC Capital Builder Fund HDFC Capital Builder Value Fund Value Fund Follows a Value investing strategy 23 rd May 2018 HDFC Core & Satellite Fund HDFC Focused 30 Fund Focused Fund Thematic s Invests into a maximum of 30 stocks, while diversifying among stocks across market capitalizations 23 rd May 2018 Old Name New Name Category Positioning Effective Date HDFC Infrastructure Fund HDFC Infrastructure Fund Sectoral / Thematic Fund Follows an infrastructure theme (minimum 80% of total assets) 23 rd May 2018 Equity Linked Savings Old Name New Name Category Positioning Effective Date HDFC TaxSaver HDFC TaxSaver ELSS An Equity Linked Savings (ELSS) with a statutory lock in of 3 years and tax benefit. Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving, 2005 notified by Ministry of Finance) 23 rd May 2018 Positioning - Hybrid s Old Name New Name Category Positioning Effective Date HDFC Arbitrage Fund HDFC Arbitrage Fund Arbitrage Fund Invests a minimum of 65% into fully hedged equity positions 23 rd May 2018 HDFC MF Monthly Income Plan - LTP HDFC Hybrid Debt Fund Conservative Hybrid Fund Follows a debt oriented hybrid strategy with equity exposure ranging between 10% to 25% of total assets 26 th May 2018 HDFC Equity Savings Fund HDFC Equity Savings Fund Equity Savings Fund Invests a minimum of 65% of total assets into gross equity positions, while maintaining a net equity exposure ranging between 15% to 40% of total assets. Minimum debt exposure 10% of total assets 23 rd May 2018 HDFC Multiple Yield Fund - Plan 2005 HDFC Balanced Fund HDFC Prudence Fund HDFC Multi-Asset Fund Positioning - Debt s HDFC Hybrid Equity Fund (erstwhile HDFC Balanced Fund and HDFC Premier Multi-Cap Fund) HDFC Balanced Advantage Fund (erstwhile HDFC Prudence Fund and HDFC Growth Fund) Multi Asset Allocation Aggressive Hybrid Fund Balanced Advantage Fund Follows a hybrid strategy with a flexibility to invest into equity, debt and gold - each with exposures ranging between 10% to 80% of total assets Follows an equity oriented hybrid strategy with equity exposure ranging between 65% to 80% of total assets Follows a hybrid strategy with 100% flexibility to move between equity and debt 23 rd May nd June nd June 2018 Duration Based s Old Name New Name Category Duration Band Positioning Effective Date HDFC Cash Management Fund - Call Plan HDFC Overnight Fund Overnight Fund 1 business day Invests in overnight securities 2 nd June 2018 HDFC Liquid Fund HDFC Liquid Fund Liquid Fund Up to 91 days Invests in debt and money market securities, with maturity up to 91 days 16 th May 2018 HDFC Cash Management Fund - Savings Plan HDFC Money Market Fund Money Market Fund Up to 1 year Invests in money market instruments, with maturity up to 1 year 26 th May 2018 HDFC Cash Management Fund - Treasury Advantage Plan HDFC Low Duration Fund Low Duration Fund 6 to 12 months HDFC Short Term Opportunities Fund HDFC Short Term Debt Fund Short Duration Fund 1 to 3 years HDFC High Interest Fund - STP HDFC Medium Term Debt Fund Medium Duration Fund 3 to 4 years HDFC Income Fund HDFC Income Fund Medium to Long Duration Fund 4 to 7 years * Macaulay duration under anticipated adverse situation maybe reduced to 1 year Invests in instruments such that Macaulay duration of the portfolio is between 6 months and 12 months Invests in instruments such that Macaulay duration of the portfolio is between 1 year and 3 years Invests in instruments such that Macaulay duration of the portfolio is between 3 years and 4 years* Invests in instruments such that Macaulay duration of the is between 4 years and 7 years* 16 th May th May th May th May 2018

38 Theme Based s Old Name New Name Category Positioning Effective Date HDFC Gilt Fund - LTP HDFC Gilt Fund Gilt Fund Invests in government securities across maturities 16 th May 2018 HDFC Banking and PSU Debt Fund HDFC Banking and PSU Debt Fund Banking and PSU Fund Invests a minimum of 80% in debt instruments of Banks, Public Sector Undertakings and Public Financial Institutions and Municipal Bonds 16 th May 2018 HDFC Medium Term Opportunities Fund HDFC Corporate Bond Fund Corporate Bond Fund Invests a minimum of 80% in corporate bonds with rating of AA+ and above 9 th May 2018 HDFC Floating Rate Income Fund - STP HDFC Floating Rate Debt Fund Floater Fund Invests predominantly in floating rate instruments 16 th May 2018 HDFC Corporate Debt Opportunities Fund HDFC High Interest Fund - Dynamic Plan HDFC Credit Risk Debt Fund Credit Risk Fund Invests a minimum of 65% into AA and below rated corporate bonds (excluding AA+ corporate bonds) 9 th May 2018 HDFC Dynamic Debt Fund Dynamic Bond Fund Invests across durations. 16 th May 2018 Positioning - Solution Oriented s Old Name New Name Category Positioning Effective Date HDFC Retirement Savings Fund HDFC Retirement Savings Fund Retirement Fund HDFC Children s Gift Fund HDFC Children s Gift Fund Children s Fund A notified tax saving cum pension scheme with an objective to provide long term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals 3 Plans - Equity, Hybrid Equity and Hybrid Debt for investment for children with an objective of capital appreciation/ income from a portfolio mix of equity and debt instruments 2 nd June rd May 2018 Positioning - Other s Index Funds / ETFs Old Name New Name Category Positioning Effective Date HDFC Index Fund - Nifty Plan HDFC Index Fund - NIFTY 50 Plan Index Fund Replicates/tracks NIFTY 50 Index 23 rd May 2018 HDFC Index Fund - SENSEX Plan HDFC Index Fund - SENSEX Plan Index Fund Replicates/tracks S&P BSE SENSEX Index 26 th May 2018 HDFC NIFTY ETF HDFC NIFTY 50 ETF ETF Replicates/tracks NIFTY 50 Index 23 rd May 2018 HDFC SENSEX ETF HDFC SENSEX ETF ETF Replicates/tracks S&P BSE SENSEX Index 23 rd May 2018 Gold ETFs / FOFs Old Name New Name Category Positioning Effective Date HDFC Gold Exchange Traded Fund HDFC Gold Exchange Traded Fund ETF Replicates/tracks the performance of Gold 16 th May 2018 HDFC Gold Fund HDFC Gold Fund FOF Invests in HDFC Gold Exchange Traded Fund 16 th May 2018 HDFC Dynamic PE Ratio Fund of Funds HDFC Dynamic PE Ratio Fund of Funds FOF Invests in specified equity and debt schemes of HDFC Mutual Fund based on PE Ratios 2 nd June 2018 ETF - Exchange Traded Fund, FOF - Fund of Funds Merged s Old Names New Name HDFC Balanced Fund and HDFC Premier Multi-Cap Fund HDFC Hybrid Equity Fund HDFC Prudence Fund and HDFC Growth Fund HDFC Balanced Advantage Fund HDFC MF Monthly Income Plan - LTP and STP HDFC Hybrid Debt Fund HDFC Index Fund SENSEX Plan and SENSEX Plus Plan HDFC Index Fund SENSEX Plan HDFC Medium Term Opportunities Fund, HDFC Floating Rate Income Fund - LTP and HDFC Gilt Fund - STP HDFC Corporate Bond Fund HDFC Corporate Debt Opportunities Fund and HDFC Regular Savings Fund HDFC Credit Risk Debt Fund The above is a brief description of the merged schemes. For complete details on scheme mergers / change in characteristics of the schemes, investors are requested to refer to the notice-cum-addenda dated March 27, 2018, April 19, 2018 and April 25, 2018 available on the website of the Fund Discontinued Name Remarks HDFC Long Term Advantage Fund Discontinuation of subscriptions in this scheme, with effect from 16th May 2018

39 PRODUCT LABELING: To provide investors an easy understanding of the kind of product/scheme they are investing in and its suitability to them, the product labeling for the following schemes is as under: NAME OF SCHEME THIS PRODUCT IS SUitaBLE FOR INVESTORS WHO ARE SEEKING~ RISKOMETER HDFC Overnight Fund Regular income over short term that may be in line with the overnight call rates To generate returns by investing in debt and money market instruments with overnight maturity HDFC Liquid Fund Regular income over short term To generate income through a portfolio comprising money market and debt instruments HDFC Low Duration Fund HDFC Money Market Fund HDFC Short Term Debt Fund HDFC Floating Rate Debt Fund HDFC Corporate Bond Fund HDFC Banking and PSU Debt Fund HDFC Gilt Fund HDFC Credit Risk Debt Fund HDFC Medium Term Debt Fund HDFC Income Fund HDFC Dynamic Debt Fund HDFC Arbitrage Fund Income over short term To generate income/capital appreciation through investment in debt securities and money market instruments Income over short term To generate income / capital appreciation by investing in money market instruments Income over short term To generate income/capital appreciation through investments in Debt and Money Market Instruments Income over short term To generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments Income over short to medium term To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bond Income over short to medium term To generate income/capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies Credit risk free returns over medium to long term To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government Income over short to medium term To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds) Income over medium term To generate income/capital appreciation through investments in Debt and Money Market Instruments Income over medium to long term To generate income/capital appreciation through investments in debt and money market instruments Income over medium to long term To generate income/capital appreciation by investing in a range of debt and money market instruments Income over short term Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment Investors understand that their principal will be at low risk Investors understand that their principal will be at moderately low risk Investors understand that their principal will be at moderately risk HDFC Small Cap Fund HDFC Capital Builder Value Fund HDFC TaxSaver HDFC Index Fund - NIFTY 50 Plan HDFC Index Fund - SENSEX Plan HDFC NIFTY 50 ETF To generate long-term capital appreciation /income Investments predominantly in Small-Cap companies To generate long-term capital appreciation/income in the long term Investment primarily in undervalued stocks To generate long-term capital appreciation / income Investment predominantly in equity & equity related instruments that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term Investment in equity securities covered by the NIFTY 50 that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term Investment in equity securities covered by the S&P BSE SENSEX that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term Investment in equity securities covered by the NIFTY 50 *Investors should consult their financial advisers if in doubt Investors understand that their principal will be at moderately low risk Investors understand that their principal will be at moderately high risk

40 NAME OF SCHEME THIS PRODUCT IS SUitaBLE FOR INVESTORS WHO ARE SEEKING~ RISKOMETER HDFC SENSEX ETF HDFC Growth Opportunities Fund HDFC Focused 30 Fund HDFC Equity Fund HDFC Top 100 Fund HDFC Mid-Cap Opportunities Fund HDFC Multi-Asset Fund HDFC Equity Savings Fund HDFC Hybrid Debt Fund HDFC Hybrid Equity Fund HDFC Balanced Advantage Fund HDFC Retirement Savings Fund - Equity Plan HDFC Retirement Savings Fund - Hybrid-Equity Plan HDFC Retirement Savings Fund - Hybrid-Debt Plan HDFC Children s Gift Fund HDFC Gold Exchange Traded Fund HDFC Gold Fund HDFC Dynamic PE Ratio Fund of Funds HDFC Infrastructure Fund that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term Investment in equity securities covered by the S&P BSE SENSEX To generate long-term capital appreciation/income Investments in predominantly Large Cap and Mid Cap companies To generate long-term capital appreciation/income Investments in equity & equity related instruments of up to 30 companies To generate long-term capital appreciation / income Investment predominantly in equity & equity related instruments To generate long-term capital appreciation/income Investment predominantly in Large-Cap companies To generate long-term capital appreciation/income Investments predominantly in Mid-Cap companies To generate long-term capital appreciation/income Investments in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold Capital appreciation while generating income over medium to long term Provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments To generate long-term income /capital appreciation Investments primarily in debt securities, money market instruments and moderate exposure to equities To generate long-term capital appreciation / income Investments predominantly in equity & equity related instruments. The scheme will also invest in debt and money market instruments To generate long-term capital appreciation / income Investments in a mix of equity and debt instruments A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years Investment predominantly in equity and equity related instruments A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years Investment predominantly in equity and equity related instruments & balance in debt and money market instruments A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years Investment predominantly in debt and money market instruments & balance in equity and equity related instruments Capital appreciation over long term Investment in equity and equity related instruments as well as debt and money market instruments that are commensurate with the performance of gold, subject to tracking errors, over long term Investment predominantly in Gold bullion of fineness Capital appreciation over long term Investment in Units of HDFC Gold Exchange Traded Fund (HGETF). HGETF invests in gold bullion of fineness Capital appreciation over long term Investment in specified equity and debt schemes of HDFC Mutual Fund based on PE Ratios To generate long-term capital appreciation/income Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure Investors understand that their principal will be at moderately high risk Investors understand that their principal will be at high risk *Investors should consult their financial advisers if in doubt The information given here is for general purposes only. The details are given in summary form and do not purport to be complete. For complete details on changes to the s, investors are requested to refer to the notices dated March 27, 2018, April 5, 2018, April 12, 2018, April 19, 2018 and April 25, 2018 (2 notices) available on the website of the Fund The information / data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS carefully.

41 HDFC Income Fund (An open-ended income scheme) To optimise returns while maintaining a balance of safety, yield and liquidity. l Fund Manager Shobhit Mehrotra (since September 11, 07) Total Experience: Over 25 years September 11, 2000 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Quarterly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Direct Plan - Normal Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 8.14 years Modified Duration * 5.13 years Yield to Maturity * 8.09% * Computed on the invested amount for debt portfolio. Regular: 1.96% Direct: 1.41% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switchedout within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 month from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan : Growth, Quarterly Dividend & Normal Dividend. Both Dividend Options offer Payout and Reinvestment facility. Issuer Rating % to NAV Debt & Debt Related government Securities 6.68 GOI 2031 Sovereign GOI 2033 Sovereign GOI 2028 Sovereign GOI 2032 Sovereign GOI 2027 Sovereign GOI 2034 Sovereign GOI 2026 Sovereign GOI 2035 Sovereign GOI 2055 Sovereign GOI 2034 Sovereign GOI 2023 Sovereign GOI 2025 Sovereign GOI 2024 Sub Total Issuer Rating % to NAV Credit Exposure National Highways Authority of India CRISIL - AAA Punjab National Bank FITCH - AA 6.25 Tata Power Company Ltd. CRISIL - AA Indian Railway Finance Corporation Ltd. CRISIL - AAA 3.98 State Bank of India CRISIL - AA Tata Steel Ltd. CARE - AA NTPC Ltd. CRISIL - AAA 2.22 Rural Electrification Corporation Ltd. CRISIL - AAA 2.12 Export - Import Bank of India CRISIL - AA Union Bank of India FITCH - AA National Bank for Agriculture & Rural Development CRISIL - AAA 1.71 Sub Total Net Current Assets Top Ten less than 0.01% Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to long term. To optimise returns while maintaining a balance of safety, yield and liquidity by investment in debt and money market instruments. Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt Classification by Asset Class G-Sec Credit Exposure Net Current Assets Date Period Face Value per Unit: ` 10 unless otherwise specified, Data is as of April 30, 2018 unless otherwise specified. Classification by Rating Class Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets (`) Apr 28, 17 Last 1 Year ,148 10,369 9,899 Apr 30, 15 Last 3 Years ,828 12,442 11,819 Apr 30, 13 Last 5 Years ,700 14,596 13,121 Sep 11, 00 Since Inception 7.83 N.A. N.A. 37,772 N.A. N.A. greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Intouch mutually April

42 HDFC High Interest Fund Dynamic Plan (An open-ended income scheme) To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity. l Fund Manager Anil Bamboli (since February 16, 04) Total Experience: Over 23 years April 28, 1997 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Quarterly Dividend Option Regular Plan - Half-Yearly Dividend Option Regular Plan - Yearly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Direct Plan - Half-Yearly Dividend Option Direct Plan - Yearly Dividend Option Direct Plan - Normal Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 7.16 years Modified Duration * 4.81 years Yield to Maturity * 8.28% * Computed on the invested amount. Regular: 1.68% Direct: 1.03% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switchedout within 6 months from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 6 months from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan: Growth, Normal Dividend, Quarterly Dividend, Half Yearly Dividend, & Yearly Dividend. All Dividend Options offer Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Stable returns over medium to long term. To maximize income while maintaining the optimum balance of yield, safety and liquidity by investing in a range of debt and money market instruments of various maturity dates. Issuer Rating % to NAV Debt & Debt Related government Securities 6.57 GOI 2033 Sovereign GOI 2031 Sovereign SDL 2022 Sovereign GOI 2032 Sovereign GOI 2027 Sovereign GOI 2034 Sovereign GOI 2028 Sovereign SDL 2022 Sovereign SDL 2023 Sovereign SDL 2024 Sovereign GOI 2023 Sovereign GOI 2030 Sovereign GOI 2026 Sovereign GOI 2022 Sovereign GOI 2024 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign GOI 2036 Sovereign SDL 2022 Sovereign SDL 2021 Sovereign GOI 2034 Sovereign SDL 2023 Sovereign SDL 2025 Sovereign GOI 2026 Sovereign SDL 2023 Sovereign GOI 2023 Sovereign 0.05 Classification by Asset Class G-Sec, SDL Credit Exposure Net Current Assets 6.70 Date Period Issuer Rating % to NAV 8.26 SDL 2025 Sovereign SDL 2026 Sub Total Credit Exposure Union Bank of India FITCH - AA, AA Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) Classification by Rating Class CARE - AAA(SO) / FITCH - AAA(SO) 5.43 State Bank of India CRISIL - AA+, AAA(SO) 5.13 Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 5.07 Syndicate Bank CARE - AA Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) 1.80 Vedanta Ltd. CRISIL - AA 1.71 Reliance Jio Infocomm Ltd. CRISIL - AAA 1.68 Rural Electrification Corporation Ltd. CRISIL - AAA 1.64 Housing Development Finance Corporation Ltd. ICRA - AAA 1.63 Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.60 Hindalco Industries Ltd. CRISIL - AA 1.06 Punjab National Bank CRISIL - AA 0.99 National Highways Authority of India CRISIL - AAA 0.67 Tata Power Company Ltd. CRISIL - AA NTPC Ltd. CRISIL - AAA 0.04 Sub Total Net Current Assets 6.70 Top Ten Holdings, less than 0.01% Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 6.70 (`) Apr 28, 17 Last 1 Year ,275 10,369 9,899 Apr 30, 15 Last 3 Years ,085 12,442 11,819 Apr 30, 13 Last 5 Years ,474 14,596 13,121 Apr 28, 97 Since Inception 8.74 N.A. N.A. 58,132 N.A. N.A. greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please Investors understand that their principal will be refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under at moderate risk the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63. ~ Investors should consult their financial advisers if in doubt Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of April 30, 2018 unless otherwise specified. 38 April 2018 Intouch mutually

43 HDFC High Interest Fund Short Term Plan (An open-ended income scheme) To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity. The objective is to cater to the needs of investors with shorter term investment horizons and to provide stable returns over shorter periods. l Fund Manager Shobhit Mehrotra (since September 1, 07) Total Experience: Over 25 years February 6, 2002 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Fortnightly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Fortnightly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 2.47 years Modified Duration * 1.89 years Yield to Maturity * 8.16% * Computed on the invested amount. Regular: 1.22% Direct: 0.42% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans : Growth, Normal Dividend & Fortnightly Dividend. Both Dividend Options offer Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Issuer Rating % to NAV Debt & Debt Related government Securities 6.79 GOI 2027 Sovereign GOI 2028 Sovereign GOI 2031 Sovereign GOI 2024 Sovereign GOI 2033 Sovereign GOI 2029 Sovereign 0.43 Sub Total 6.36 Money Market Instruments CD/CP Punjab & Sind Bank ICRA - A Sub Total 4.63 Credit Exposure Rural Electrification Corporation Ltd. CRISIL - AAA Housing Development Finance Corporation Ltd. CRISIL - AAA 7.74 Reliance Jio Infocomm Ltd. CRISIL - AAA 7.48 HPCL-Mittal Energy Ltd. FITCH - AA 5.31 Indiabulls Housing Finance Ltd. Housing and Urban Development Corporation Ltd. CARE - AAA / CRISIL - AAA 4.99 CARE - AAA / ICRA - AAA 4.02 Reliance Utilities & Power Pvt. Ltd. CRISIL - AAA 3.93 Toyota Financial Services India Ltd. CRISIL - AAA 3.61 LIC Housing Finance Ltd. CRISIL - AAA 3.12 Volkswagen Finance Pvt. Ltd. FITCH - AAA 3.12 Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 3.12 HDFC Bank Ltd. CRISIL - AA National Bank for Agriculture & Rural Development CRISIL - AAA 3.11 Sundaram Finance Ltd. ICRA - AAA 3.10 Classification by Asset Class Issuer Rating % to NAV Syndicate Bank CARE - AA Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 2.16 Muthoot Finance Ltd. ICRA - AA 1.55 Union Bank of India FITCH - AA Punjab National Bank CRISIL - AA 1.50 Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA 1.19 Andhra Bank CRISIL - AA Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) 0.63 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.30 Sub Total Net Current Assets 7.23 Top Ten Holdings, Co-sponsor Classification by Rating Class Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Stable returns over short to medium term. To maximize income while maintaining the optimum balance of yield, safety and liquidity by investing in a range of debt and money market instruments of various maturity dates. Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt G-Sec 6.36 CD/CP 4.63 Credit Exposure Net Current Assets 7.23 Date Period Sovereign 6.36 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 7.23 (`) Apr 28, 17 Last 1 Year ,515 10,552 10,611 Apr 30, 15 Last 3 Years ,461 12,460 12,216 Apr 30, 13 Last 5 Years ,712 14,876 14,001 Feb 06, 02 Since Inception 7.93 N.A ,492 N.A. 25,673 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

44 HDFC Regular Savings Fund (An open-ended income scheme) To generate regular income through investment in Debt Securities and Money Market Instruments. l Fund Manager Anil Bamboli (since January 13, 04) Total Experience: Over 23 years February 28, 2002 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Monthly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 1.79 years Modified Duration * 1.52 years Yield to Maturity * 8.76% * Computed on the invested amount. Regular: 1.68% Direct: 0.98% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index In respect of each purchase / switch-in of Units, 15% of the units ( the limit ) may be redeemed without any exit Load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 0.75% is payable if units are redeemed / switched out within 6 months from the date of allotment. No Exit load is payable if units are redeemed / switched out after 6 months from the date of allotment. For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under both the Plans : Growth, Monthly Dividend option & Normal Dividend. Both Dividend options offer Payout and Reinvestment facilities. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over short to medium term. Investment in debt and money market instruments with a short to medium term maturity (average maturity profile of 1-3 years). Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt Issuer Rating % to NAV Debt & Debt Related government Securities 8.39 SDL 2022 Sovereign SDL 2021 Sovereign 0.49 Sub Total 1.46 Money Market Instruments CD/CP Simplex Infrastructures Ltd. CARE - A Axis Bank Ltd. CRISIL - A Sub Total 1.33 Credit Exposure Vedanta Ltd. CRISIL - AA 6.82 Housing Development Finance Corporation Ltd. CRISIL - AAA 6.34 National Bank for Agriculture & Rural Development CRISIL - AAA 4.89 HPCL-Mittal Energy Ltd. FITCH - AA 3.65 Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 3.36 Adani Transmission Ltd. FITCH - AA LIC Housing Finance Ltd. CRISIL - AAA 3.28 TMF Holdings Ltd.(subsidiary of Tata Motors Ltd.) CRISIL - AA 3.21 Adani Power (Mundra) Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) CARE - AA-(SO) 2.81 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) CARE - A+(SO) 2.68 Indiabulls Housing Finance Ltd. CARE - AAA 2.42 Dilip Buildcon Ltd. CRISIL - A Aasan Corporate Solutions Pvt. Ltd. (Ajay Piramal Group Co) ICRA - AA-(SO) 1.94 EID Parry (India) Ltd. CRISIL - AA Tata Capital Financial Services Ltd. ICRA - AA Tata Motors Ltd. CARE - AA PNB Housing Finance Ltd. CARE - AAA 1.88 Tata Sky Ltd. (Subsidiary of Tata Sons) CRISIL - A Cholamandalam Investment and Finance Company Ltd. CRISIL - AA / ICRA - AA 1.76 L&T Infrastructure Finance Company Ltd. ICRA - AA Manav Investment & Trading Co. Ltd. (Axis Capital Underwriting) ICRA - AAA(SO) 1.45 JM Financial Credit Solutions Ltd. FITCH - AA / ICRA - AA 1.44 Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 1.38 Primat Infrapower & Multiventures Private Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd. & Dish TV Ltd.) BRICKWORKS - AA-(SO) 1.37 Mahindra Vehicle Manufacturers Ltd. ICRA - AAA 1.19 JM Financial Products Ltd. ICRA - AA 1.06 Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 0.99 Classification by Asset Class SDL 1.46 CD/CP 1.33 Credit Exposure Net Current Assets 5.66 Date Period Classification by Rating Class Sovereign 1.46 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 5.66 (`) Apr 28, 17 Last 1 Year ,552 10,552 10,611 Apr 30, 15 Last 3 Years ,635 12,460 12,216 Apr 30, 13 Last 5 Years ,009 14,876 14,001 Feb 28, 02 Since Inception 7.94 N.A ,396 N.A. 25,573 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. Issuer Rating % to NAV Emami Infrastructure Limited (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.97 Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 0.96 Steel Authority of India Ltd. FITCH - AA Tata Sons Ltd. CRISIL - AAA 0.95 L&T Finance Ltd. CARE - AAA 0.95 Bharti Airtel Ltd. CRISIL - AA L&T Housing Finance Ltd. CARE - AA HDB Financial Services Ltd. CARE - AAA 0.94 Shriram Transport Finance Company Ltd. CARE - AA+ / CRISIL - AA+ / FITCH - AA Simplex Infrastructures Ltd. CARE - A 0.86 Hinduja Leyland Finance Ltd. CARE - AA KKR India Financial Services Pvt Ltd. CRISIL - AA NHPC Ltd. ICRA - AAA 0.73 Aditya Birla Fashion and Retail Ltd. CRISIL - AA 0.71 Inox Air Products Ltd. CRISIL - AA 0.69 Bhanu Vyapar Pvt. Ltd.(Secured with shares of Emami Ltd.) FITCH - AA-(SO) 0.67 Tata Steel Ltd. CARE - AA 0.66 G R Infraprojects Ltd. CARE - AA Starlite Lighting Ltd. (Corporate Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) 0.56 Arm Infra & Utilities Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - A Repco Home Finance Ltd. CARE - AA 0.55 Tata Realty and Infrastructure Ltd. CRISIL - AA 0.53 Prism Johnson Ltd. FITCH - A Prabhakar Viniyog Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.53 Au Small Finance Bank Ltd. FITCH - AA Gera Development Pvt. Ltd. CARE - A Century Textiles & Industries Ltd. CRISIL - AA 0.48 Sundaram Finance Ltd. ICRA - AAA 0.47 National Highways Authority of India CRISIL - AAA 0.47 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 0.46 Aarti Industries Ltd. CRISIL - AA APL Apollo Tubes Ltd. CARE - AA Aavas Financiers Ltd. (Formerly known as Au Housing Finance Ltd.) ICRA - A JM Financial Asset Reconstruction Company Ltd. ICRA - AA Hindalco Industries Ltd. CRISIL - AA 0.20 Reliance Industries Ltd. CRISIL - AAA 0.18 Astra Microwave Products Ltd. CRISIL - A Sub Total Net Current Assets 5.66 Top Ten Holdings, Co-sponsor 40 April 2018 Intouch mutually

45 HDFC Short Term Opportunities Fund (An open-ended income scheme) To generate regular income through investments in Debt/ Money Market Instruments and Government Securities with maturities not exceeding 36 months. l Fund Manager Anil Bamboli (since June 25, 10) Total Experience: Over 23 years June 25, 2010 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Fortnightly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Fortnightly Dividend Option Direct Plan - Normal Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 1.42 years Modified Duration * 1.24 years Yield to Maturity * 8.04% * Computed on the invested amount. Regular: 0.37% Direct: 0.22% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under Each Plan: Growth, Fortnightly Dividend & Normal Dividend. Both Dividend options offer Payout and Reinvestment facilities. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Issuer Rating % to NAV Debt & Debt Related government Securities 7.86 SDL 2019 Sovereign SDL 2020 Sovereign 0.96 Sub Total 2.97 Money Market Instruments CD/CP National Bank for Agriculture & Rural Development FITCH - A Axis Bank Ltd. CRISIL - A Vijaya Bank CRISIL - A Yes Bank Ltd. ICRA - A Housing and Urban Development Corporation Ltd. CARE - A Indusind Bank Ltd. CRISIL - A Sub Total 5.73 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA Housing Development Finance Corporation Ltd. CRISIL - AAA / ICRA - AAA Rural Electrification Corporation Ltd. CRISIL - AAA / FITCH - AAA 8.02 National Bank for Agriculture & Rural Development CRISIL - AAA 6.89 LIC Housing Finance Ltd. CRISIL - AAA 5.79 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 5.30 Indiabulls Housing Finance Ltd. CARE - AAA 4.97 Small Industries Development Bank of India CARE - AAA 4.72 Mahindra & Mahindra Financial Services Ltd. CARE - AAA / FITCH - AAA 4.45 Reliance Jio Infocomm Ltd. CRISIL - AAA, AAA(SO) 2.75 Tata Sons Ltd. CRISIL - AAA 2.68 Kotak Mahindra Prime Ltd. CRISIL - AAA 2.23 Tata Capital Financial Services Ltd. ICRA - AA Issuer Rating % to NAV Housing and Urban Development Corporation Ltd. ICRA - AAA 1.81 HDB Financial Services Ltd. CARE - AAA 1.80 Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 1.37 Vedanta Ltd. CRISIL - AA 1.36 Reliance Industries Ltd. CRISIL - AAA 1.33 Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.92 Cholamandalam Investment and Finance Company Ltd. ICRA - AA 0.91 Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 0.90 Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 0.56 ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 0.46 Sun Pharma Laboratories Ltd. ICRA - AAA 0.46 L&T Finance Ltd. CARE - AAA 0.46 Sundaram BNP Paribas Home Finance Ltd. CARE - AA Tata Motors Ltd. CARE - AA Export - Import Bank of India CRISIL - AAA 0.45 Power Grid Corporation of India Ltd. CRISIL - AAA 0.41 NHPC Ltd. ICRA - AAA 0.36 Aditya Birla Finance Ltd. ICRA - AA NTPC Ltd. CRISIL - AAA 0.27 UltraTech Cement Ltd. CRISIL - AAA 0.23 Toyota Financial Services India Ltd. CRISIL - AAA 0.22 Steel Authority of India Ltd. FITCH - AA Sub Total Net Current Assets 4.62 Top Ten Holdings, Co-sponsor Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over short to medium term. Investment in debt and money market instruments and government securities with maturities not exceeding 36 months. Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt Classification by Asset Class SDL 2.97 CD/CP 5.73 Credit Exposure Net Current Assets 4.62 Date Period Classification by Rating Class Sovereign 2.97 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below 6.87 Net Current Assets 4.62 (`) Apr 28, 17 Last 1 Year ,613 10,552 10,611 Apr 30, 15 Last 3 Years ,508 12,460 12,216 Apr 30, 13 Last 5 Years ,911 14,876 14,001 Jun 25, 10 Since Inception ,180 18,448 16,833 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

46 HDFC Medium Term Opportunities Fund (An open-ended income scheme) To generate regular income through investments in Debt/ Money Market Instruments and Government Securities with maturities not exceeding 60 months. l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years June 29, 2010 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Quarterly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 2.52 years Modified Duration * 2.11 years Yield to Maturity * 8.17% * Computed on the invested amount. Regular: 0.41% Direct: 0.26% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth, Quarterly Dividend & Normal Dividend. Both Dividend options offer Payout and Reinvestment facilities. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to short term. Investment in debt, money market instruments and government securities with maturities not exceeding 60 months. Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt Issuer Rating % to NAV Debt & Debt Related government Securities 8.15 SDL 2021 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL 2021 Sovereign SDL SDL 2020 Sub Total Money Market Instruments CD/CP Export - Import Bank of India CRISIL - A Sub Total 0.04 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA Housing Development Finance Corporation Ltd. CRISIL - AAA 9.04 Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 5.92 Classification by Asset Class G-Sec, SDL CD/CP 0.04 Credit Exposure Net Current Assets 3.56 Date Period Face Value per Unit: ` 10 unless otherwise specified, Data is as of April 30, 2018 unless otherwise specified. Issuer Rating % to NAV Indiabulls Housing Finance Ltd. CARE - AAA 5.47 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 5.13 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 4.51 HDB Financial Services Ltd. CARE - AAA / CRISIL - AAA 4.34 National Bank for Agriculture & Rural Development CRISIL - AAA 3.65 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 3.40 National Highways Authority of India CRISIL - AAA 3.39 Rural Electrification Corporation Ltd. CRISIL - AAA 2.64 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 2.51 Power Grid Corporation of India Ltd. CRISIL - AAA 2.47 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.43 Export - Import Bank of India CRISIL - AAA 2.38 Tata Sons Ltd. CRISIL - AAA 2.16 Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.83 NTPC Ltd. CRISIL - AAA 1.50 Kotak Mahindra Prime Ltd. CRISIL - AAA 1.09 L&T Infrastructure Finance Company Ltd. CARE - AAA 1.04 Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.65 Small Industries Development Bank of India CARE - AAA 0.44 Reliance Industries Ltd. CRISIL - AAA 0.39 Mahindra Vehicle Manufacturers Ltd. ICRA - Sub Total Net Current Assets 3.56 Top Ten Holdings, less than 0.01% Classification by Rating Class Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent Net Current Assets 3.56 (`) Apr 28, 17 Last 1 Year ,580 10,369 9,899 Apr 30, 15 Last 3 Years ,588 12,442 11,819 Apr 30, 13 Last 5 Years ,891 14,596 13,121 Jun 29, 10 Since Inception ,236 18,134 15,746 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no April 2018 Intouch mutually

47 HDFC Gilt Fund Short Term Plan (An open-ended income scheme) To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/ or State Government. l Fund Manager Anil Bamboli (since September 1, 07) Total Experience: Over 23 years July 25, 2001 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, Average for Month of April, Average Maturity * 3.80 years Modified Duration * 2.99 years Yield to Maturity * 7.38% * Computed on the invested amount. Regular: 0.40% Direct: 0.20% l #BENCHMARK INDEX: I-Sec Si-Bex l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option (Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Issuer Rating % to NAV Debt & Debt Related government Securities 8.35 GOI 2022 Sovereign GOI 2022 Sovereign GOI 2025 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2022 Sovereign GOI 2022 Sovereign 5.93 Classification by Asset Class Issuer Rating % to NAV 6.79 GOI 2027 Sovereign SDL 2022 Sovereign GOI 2021 Sovereign SDL 2023 Sovereign GOI 2020 Sub Total Net Current Assets Top Ten less than 0.01% Classification by Rating Class G-Sec, SDL Net Current Assets Sovereign Net Current Assets Credit risk free returns over short to medium term. Investment in sovereign securities issued by Central / State Government with short to medium term maturities. Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt Date Period Face Value per Unit: ` 10 unless otherwise specified, Data is as of April 30, 2018 unless otherwise specified. (`) Apr 28, 17 Last 1 Year ,419 10,581 10,611 Apr 30, 15 Last 3 Years ,402 12,426 12,216 Apr 30, 13 Last 5 Years ,265 14,469 14,001 Jul 25, 01 Since Inception 6.40 N.A ,299 N.A. 26,975 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64. Intouch mutually April

48 HDFC Gilt Fund Long Term Plan (An open-ended income scheme) To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/ or State Government. l Fund Manager Anil Bamboli (since September 1, 07) Total Experience: Over 23 years July 25, 2001 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 7.71 years Modified Duration * 4.88 years Yield to Maturity * 7.44% * Computed on the invested amount. Regular: 0.84% Direct: 0.44% l #BENCHMARK INDEX: I-Sec Li-Bex l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option (Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Issuer Rating % to NAV Debt & Debt Related government Securities 6.68 GOI 2031 Sovereign GOI 2028 Sovereign GOI 2033 Sovereign GOI 2034 Sovereign GOI 2032 Sovereign GOI 2024 Sovereign SDL 2022 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign GOI 2023 Sovereign GOI 2027 Sovereign GOI 2025 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign 0.88 Classification by Asset Class Issuer Rating % to NAV 8.39 SDL 2022 Sovereign GOI 2034 Sovereign GOI 2032 Sovereign GOI 2022 Sovereign SDL 2023 Sovereign SDL 2024 Sovereign GOI 2022 Sovereign GOI 2033 Sovereign GOI 2023 Sovereign GOI 2021 Sovereign GOI 2030 Sovereign GOI 2025 Sovereign 0.05 Sub Total Net Current Assets Top Ten Holdings Classification by Rating Class G-Sec, SDL Net Current Assets Sovereign Net Current Assets Credit risk free returns over medium to long term. Investment in sovereign securities issued by Central / State Government with medium to long term maturities. Investors understand that their principal will be at moderate risk ~ Investors should consult their financial advisers if in doubt Date Period Face Value per Unit: ` 10 unless otherwise specified, Data is as of April 30, 2018 unless otherwise specified. (`) Apr 28, 17 Last 1 Year ,279 10,324 9,899 Apr 30, 15 Last 3 Years ,205 12,451 11,819 Apr 30, 13 Last 5 Years ,413 14,771 13,121 Jul 25, 01 Since Inception 7.69 N.A. N.A. 34,625 N.A. N.A. greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no April 2018 Intouch mutually

49 HDFC Floating Rate Income Fund Short Term Plan (An open-ended income scheme) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities and money market instruments. l Fund Manager Shobhit Mehrotra (since February 16, 04) Total Experience: Over 25 years January 16, 2003 NAV (As on April 30, 2018) NAV per Unit (`) Retail Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Wholesale Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , l quantitative data Average Maturity * 351 days Modified Duration * 296 days Yield to Maturity * 7.89% * Computed on the invested amount. Regular: 0.35% Direct: 0.20% l #BENCHMARK INDEX: Crisil Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option offers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). Purchase : ` 10 lakh and any amount thereafter. Purchase : ` 1 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over short term. Investment in floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt and money market instruments of short term maturities with higher liquidity. Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt Issuer Rating % to NAV Debt & Debt Related government Securities 8.39 SDL 2019 Sovereign GOI 2023 Sovereign GOI 2022 Sovereign SDL 2027 Sovereign SDL 2019 Sovereign SDL 2019 Sovereign SDL 2022 Sovereign SDL GOI GOI 2028 Sub Total 3.67 Money Market Instruments CD/CP ICICI Bank Ltd. CRISIL - A1+ / ICRA - A Axis Bank Ltd. CRISIL - A National Bank for Agriculture & Rural Development CRISIL-A1+/FITCH-A Indiabulls Housing Finance Ltd. CRISIL - A Indusind Bank Ltd. CRISIL - A Hero Fincorp Ltd. ICRA - A Housing and Urban Development Corporation Ltd. CARE - A PNB Housing Finance Ltd. CARE-A1+/CRISIL-A Yes Bank Ltd. ICRA - A TMF Holdings Ltd.(subsidiary of Tata Motors Ltd.) CARE - A Au Small Finance Bank Ltd. CRISIL - A Vedanta Ltd. FITCH - A Small Industries Development CARE - A1+ / ICRA Bank of India - A Rural Electrification Corporation Ltd. FITCH - A Turquoise Investments & Finance Pvt Ltd. CARE - A Reliance Jio Infocomm Ltd. CARE - A Trapti Trading & Investments Pvt Ltd. FITCH - A Reliance Industries Ltd. CRISIL - A Aditya Birla Finance Ltd. FITCH - A Sub Total Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA 6.44 Power Finance Corporation Ltd. CRISIL - AAA 5.90 Rural Electrification CRISIL - AAA / ICRA Corporation Ltd. - AAA 5.55 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 5.48 Small Industries Development Bank of India CARE - AAA 3.46 National Bank for Agriculture & Rural Development CRISIL - AAA 3.11 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 2.89 Indian Railway Finance CARE - AAA / CRISIL Corporation Ltd. - AAA 2.06 Export - Import Bank of India CRISIL - AAA 1.93 Reliance Jio Infocomm Ltd. CRISIL - AAA 1.86 Tata Capital Financial CRISIL - AA+ / ICRA Services Ltd. - AA Shriram Transport Finance Company Ltd. FITCH - AA Power Grid Corporation of India Ltd. CRISIL - AAA 1.60 Union Bank of India FITCH - AA LIC Housing Finance Ltd. CARE-AAA/CRISIL-AAA 1.41 Syndicate Bank CARE - AA Classification by Asset Class G-Sec, SDL 3.67 CD/CP Credit Exposure Net Current Assets 3.89 Date Period Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. Issuer Rating % to NAV Indiabulls Housing Finance Ltd. CARE - AAA 1.06 HPCL-Mittal Energy Ltd. FITCH - AA 0.84 Adani Ports and Special Economic Zone Ltd. FITCH - AA Cholamandalam Investment and Finance Company Ltd. ICRA - AA 0.80 JM Financial Credit Solutions Ltd. ICRA - AA 0.80 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.80 Housing and Urban Development Corporation Ltd. ICRA - AAA 0.79 L&T Finance Ltd. CARE - AAA 0.66 Hero Fincorp Ltd. ICRA - AA State Bank of India CRISIL - AA Tata Capital Ltd. CRISIL - AA L&T Infrastructure Finance Company Ltd. CARE - AA Canara Bank CRISIL - AA 0.52 National Housing Bank CRISIL - AAA 0.50 Volkswagen Finance Pvt. Ltd. FITCH - AAA 0.45 Bajaj Finance Ltd. FITCH - AAA 0.40 Gujarat Road and Infra Co Ltd. CARE - AAA(SO) 0.39 Axis Bank Ltd. CRISIL - AA UltraTech Cement Ltd. CRISIL - AAA 0.30 Tata Power Company Ltd. ICRA - AA Sundaram Finance Ltd. ICRA - AAA 0.27 Fullerton India Credit Company Ltd. CARE - AAA 0.27 HDB Financial Services Ltd. CARE - AAA 0.27 Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.27 Bharti Airtel Ltd. CRISIL - AA Larsen & Toubro Ltd. CRISIL - AAA 0.13 ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 0.13 Tata Capital Housing Finance Ltd. CRISIL - AA Tata Steel Ltd. CARE - AA 0.09 Tata Motors Finance Ltd. CRISIL - AA 0.08 Tata Motors Ltd. ICRA - AA 0.05 Indian Oil Corporation Ltd. ICRA - AAA 0.05 NHPC Ltd. ICRA - AAA 0.05 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Andhra Pradesh Expressway Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.04 Tata Sons Ltd. CRISIL - AAA 0.02 Sub Total Net Current Assets 3.89 Top Ten Holdings, Less than 0.01% Classification by Rating Class Sovereign 3.67 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 3.89 (`) Apr 28, 17 Last 1 Year ,655 10,683 10,611 Apr 30, 15 Last 3 Years ,553 12,347 12,216 Apr 30, 13 Last 5 Years ,992 14,722 14,001 Oct 23, 07 Since Inception ,965 21,457 19,218 greater than 1 year period are compounded annualized (CAGR). Since Inception returns are calculated on ` (allotment price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Intouch mutually April

50 HDFC Floating Rate Income Fund Long Term Plan (An open-ended income scheme) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities and money market instruments. l Fund Manager Shobhit Mehrotra (since February 16, 04) Total Experience: Over 25 years January 16, 2003 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Weekly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Weekly Dividend Option Direct Plan - Normal Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 2.05 years Modified Duration * 1.66 years Yield to Maturity * 8.08% * Computed on the invested amount. Regular: 0.26% Direct: 0.21% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth, Weekly Dividend Reinvestment Option and Normal Dividend Option (with Payout facility). Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Issuer Rating % to NAV Debt & Debt Related government Securities 7.72 GOI 2025 Sovereign GOI 2023 Sovereign GOI 2031 Sovereign GOI 2034 Sovereign 0.03 Sub Total 5.13 Money Market Instruments CD/CP Axis Bank Ltd. CRISIL - A National Bank for Agriculture & Rural Development CRISIL - A Sub Total 8.97 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 9.94 Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 9.17 Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA 8.78 Housing Development Finance Corporation Ltd. CRISIL - AAA 7.16 Classification by Asset Class G-Sec 5.13 CD/CP 8.97 Credit Exposure Net Current Assets 9.31 Issuer Rating % to NAV Indiabulls Housing Finance Ltd. CARE - AAA 7.15 Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 7.08 Andhra Pradesh Expressway Ltd.(NHAI Annuity) ICRA - AAA(SO) 6.44 Reliance Utilities & Power Pvt. Ltd. CRISIL - AAA 4.32 LIC Housing Finance Ltd. CRISIL - AAA 4.30 Toyota Financial Services India Ltd. CRISIL - AAA 2.81 National Bank for Agriculture & Rural Development CRISIL - AAA 2.37 Indian Railway Finance Corporation Ltd. CRISIL - AAA 2.37 Rural Electrification Corporation Ltd. CRISIL - AAA 2.36 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 2.34 Sub Total Net Current Assets 9.31 Top Ten Holdings, Co-sponsor Classification by Rating Class Sovereign 5.13 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent Net Current Assets 9.31 Regular income over short to medium term. Investment in floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt and money market instruments of longer term maturities. Date Period (`) Apr 28, 17 Last 1 Year ,582 10,552 10,611 Apr 30, 15 Last 3 Years ,450 12,460 12,216 Apr 30, 13 Last 5 Years ,709 14,876 14,001 Jan 16, 03 Since Inception ,399 28,429 24,158 greater than 1 year period are compounded annualized (CAGR). Since Inception returns are calculated on ` (allotment price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance Investors understand that their principal will be of other schemes managed by Shobhit Mehrotra, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different at moderate risk expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission ~ Investors should consult their financial advisers if in doubt charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. 46 April 2018 Intouch mutually

51 HDFC Liquid Fund (An open-ended liquid income scheme) To enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debt instruments. l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years October 17, 2000 l NAV (As on APRIL 27, 2018)^^ NAV per Unit (`) HDFC Liquid Fund Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, Regular Plan - Weekly Dividend Option 1, Regular Plan - Monthly Dividend Option 1, Direct Plan - Growth Option 3, Direct Plan - Daily Dividend Reinvestment Option 1, Direct Plan - Weekly Dividend Option 1, Direct Plan - Monthly Dividend Option 1, HDFC Liquid Fund - Premium Plan Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 43 days Modified Duration * 37 days Yield to Maturity * 6.96% * Computed on the invested amount. Regular: 0.25% Direct: 0.15% l #BENCHMARK INDEX: Crisil Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option offers Daily Dividend Option (Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). Purchase : Under Growth Option, Weekly Dividend Option and Monthly Dividend Option: ` 5,000 and any amount thereafter. Under Daily Dividend Option: ` 10,000 and any amount thereafter. Purchase : Under Growth Option, Weekly Dividend Option and Monthly Dividend Option: ` 1,000 and any amount thereafter. Under Daily Dividend Option: ` 5,000 and any amount thereafter. Normally despatched within 1 Business Day. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). ^^Calculated on all calendar days. Issuer Rating % to NAV Debt & Debt Related government Securities 7.75 SDL 2018 Sovereign SDL 2018 Sovereign 0.03 Sub Total 0.24 T-bills 91 Days TBill - Mat Sovereign Days Tbill - Mat Sovereign Days Tbill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign 0.02 Sub Total 5.02 Total 5.26 Money Market Instruments BRDS HDFC Bank Ltd. BRDS 2.42 Sub Total 2.42 CD/CP National Bank for Agriculture FITCH - A1+ / ICRA & Rural Development - A Aditya Birla Finance Ltd. CRISIL - A1+ / FITCH - A1+ / ICRA - A Reliance Industries Ltd. CRISIL - A PNB Housing Finance Ltd. CARE-A1+/CRISIL-A Yes Bank Ltd. CRISIL-A1+/ICRA-A India infoline Finance Ltd. CRISIL - A1+ / ICRA - A Vijaya Bank CRISIL - A Vedanta Ltd. CRISIL-A1+/FITCH-A L&T Finance Ltd. CARE - A LIC Housing Finance Ltd. CRISIL - A ICICI Bank Ltd. CARE - A1+ / CRISIL - A1+ / ICRA - A Kotak Mahindra Bank Ltd. CRISIL - A Indiabulls Housing Finance Ltd. CRISIL - A Sun Pharma Laboratories Ltd. CRISIL - A The South Indian Bank Ltd. CRISIL-A1+/ICRA-A Union Bank of India ICRA - A Adani Ports and Special Economic Zone Ltd. CRISIL-A1+/FITCH-A Edelweiss Commodities Services Ltd. CRISIL - A Reliance Jio Infocomm Ltd. CRISIL - A Fullerton India Credit Company Ltd. ICRA - A Tata Motors Finance Ltd. CARE - A Mahindra & Mahindra Financial Services Ltd. CRISIL - A Small Industries Development Bank of India CRISIL - A Tata Capital Financial Services Ltd. CRISIL-A1+/ICRA-A Godrej Properties Limited ICRA - A Jammu & Kashmir Bank Ltd. CRISIL - A Nirma Ltd. CRISIL - A Hinduja Leyland Finance Ltd. CRISIL - A Azim Premji Trust ICRA - A Tata Motors Finance Solutions Pvt. Ltd. ICRA - A TMF Holdings Ltd. (subsidiary of Tata Motors Ltd.) CARE - A1+ / ICRA - A National Housing Bank CRISIL - A1+ / ICRA - A Citicorp Finance (India) Ltd. ICRA - A BASF India Ltd. FITCH - A TGS Investment And Trade Pvt Ltd. FITCH - A Axis Bank Ltd. CRISIL-A1+/ICRA-A Piramal Enterprises Ltd. CARE-A1+/ICRA-A Classification by Asset Class SDL, T-bills 5.26 BRDS, CD/CP Credit Exposure Net Current Assets Issuer Rating % to NAV Punjab & Sind Bank ICRA - A JM Financial Products Ltd. CARE-A1+/ICRA-A Credit Suisse AG CRISIL - A Adani Transmission Ltd. FITCH - A Tata Housing Development Company Ltd. CARE - A Motilal Oswal Securities Ltd. FITCH - A Hero Fincorp Ltd. ICRA - A Ford Credit India Pvt Ltd. CRISIL - A Shriram City Union Finance Ltd. CARE - A Au Small Finance Bank Ltd. CRISIL - A Trapti Trading & Investments Pvt Ltd. FITCH - A Export - Import Bank of India CRISIL - A Julius Baer Capital (I) Pvt. Ltd. ICRA - A STCI Finance Ltd. CRISIL - A Birla TMT Holdings Pvt. Ltd. CARE - A Turquoise Investments & Finance Pvt Ltd. CRISIL - A Karur Vysya Bank Ltd. ICRA - A Toyota Financial Services India Ltd. ICRA - A JM Financial Asset Reconstruction Company Ltd. CARE - A Indostar Capital Finance Ltd. ICRA - A Tata Power Company Ltd. CRISIL - A Talwandi Sabo Power Ltd(Corporate Guarantee of Vedanta Ltd.) CRISIL - A1+(SO) 0.08 Axis Finance Ltd. FITCH - A Barclays Investments and Loans (India) Ltd. ICRA - A JM Financial Credit Solutions Ltd. FITCH - A Sub Total Total Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA / ICRA - AAA 4.19 National Bank for Agriculture & Rural Development CRISIL - AAA 3.37 Indiabulls Housing Finance Ltd. CARE - AAA 2.29 Power Finance Corporation Ltd. CRISIL - AAA 2.01 LIC Housing Finance Ltd. CARE-AAA/CRISIL-AAA 1.24 Adani Ports and Special Economic Zone Ltd. FITCH - AA Kotak Mahindra Prime Ltd. CRISIL - AAA 0.77 L&T Finance Ltd. CARE - AAA 0.64 L&T Infrastructure Finance Company Ltd. CARE - AAA 0.58 Small Industries Development CARE - AAA / CRISIL Bank of India - AAA 0.50 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 0.31 Adani Transmission Ltd. FITCH - AA Piramal Enterprises Ltd. ICRA - AA 0.16 India Infoline Housing Finance Ltd. ICRA - AA 0.13 Export - Import Bank of India CRISIL - AAA 0.08 Power Grid Corporation of India Ltd. CRISIL - Sub Total Net Current Assets Top Ten Holdings, Co-sponsor Classification by Rating Class Sovereign 5.26 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below 1.39 Net Current Assets Income over short term. Investment in debt and money market instruments. Investors understand that their principal will be at low risk ~ Investors should consult their financial advisers if in doubt Date Period Face Value per Unit: ` 1,000 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. (`) Apr 20, 18 Last 7 days ,013 10,012 10,005 Apr 12, 18 Last 15 days ,027 10,025 10,019 Mar 28, 18 Last 1 Month ,055 10,053 10,041 Apr 28, 17 Last 1 Year ,660 10,683 10,611 Apr 30, 15 Last 3 Years ,341 12,347 12,216 Apr 30, 13 Last 5 Years ,707 14,722 14,001 Oct 17, 00 Since Inception 7.28 N.A ,275 N.A. 29,452 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Intouch mutually April

52 HDFC Cash Management Fund Savings Plan (An open-ended high liquidity income scheme) To generate optimal returns while maintaining safety and high liquidity. l Fund Manager Anil Bamboli (since July 25, 12) Total Experience: Over 23 years November 18, 1999 l NAV (As on APRIL 27, 2018)^^ NAV per Unit (`) Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, Regular Plan - Weekly Dividend Option 1, Direct Plan - Growth Option 3, Direct Plan - Daily Dividend Reinvestment Option 1, Direct Plan - Weekly Dividend Option 1, assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 43 days Modified Duration * 37 days Yield to Maturity * 7.06% * Computed on the invested amount. Regular: 0.35% Direct: 0.15% l #BENCHMARK INDEX: CRISIL Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Each Plan offers Growth and Daily Dividend Option (with Reinvestment facility only). Weekly Dividend Option (with Payout and Reinvestment facility). Purchase : Under Growth Option and Weekly Dividend Option : ` 5,000 and any amount thereafter. Under Daily Dividend Option : ` 10,000 and any amount thereafter Purchase : Under Growth Option and Weekly Dividend Option : ` 1,000 and any amount thereafter. Under Daily Dividend Option : ` 5,000 and any amount thereafter Normally despatched within 1 Business Day. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). ^^ Calculated on all calendar days. Issuer Rating % to NAV Debt & Debt Related government Securities T-bills 91 Days TBill - Mat Sovereign 3.90 Sub Total 3.90 Money Market Instruments BRDS HDFC Bank Ltd. BRDS 2.81 Sub Total 2.81 CD/CP Reliance Retail Ltd. CARE - A Tata Steel Ltd. FITCH - A Power Finance Corporation Ltd. CARE - A1+ / CRISIL - A Indiabulls Housing Finance Ltd. CRISIL - A PNB Housing Finance Ltd. CARE - A National Bank for Agriculture & Rural Development ICRA - A Reliance Industries Ltd. CARE-A1+/ICRA-A TMF Holdings Ltd. (subsidiary of Tata Motors Ltd.) CARE - A ICICI Bank Ltd. CRISIL - A Hinduja Leyland Finance Ltd. CRISIL - A Yes Bank Ltd. CRISIL-A1+/ICRA-A Jammu & Kashmir Bank Ltd. CRISIL - A Vedanta Ltd. CRISIL-A1+/FITCH-A Aditya Birla Capital Ltd. ICRA - A The South Indian Bank Ltd. CARE-A1+/CRISIL-A Tata Power Company Ltd. CRISIL - A Axis Bank Ltd. CRISIL - A Haldia Energy Ltd. CARE-A1+/ICRA-A Au Small Finance Bank Ltd. FITCH - A Indostar Capital Finance Ltd. CRISIL-A1+/ICRA-A Bahadur Chand Investments Private Limited CARE - A IIFL Wealth Finance Ltd. ICRA - A STCI Finance Ltd. ICRA - A Julius Baer Capital (I) Pvt. Ltd. ICRA - A Vijaya Bank CARE - A Classification by Asset Class T-bills 3.90 BRDS, CD/CP Credit Exposure 9.97 Net Current Assets Issuer Rating % to NAV Indusind Bank Ltd. CRISIL - A Shriram City Union Finance Ltd. CARE - A JM Financial Products Ltd. CARE-A1+/ICRA-A Tata Housing Development Company Ltd. FITCH - A Hero Fincorp Ltd. ICRA - A Aditya Birla Housing Finance Ltd. ICRA - A Kotak Mahindra Bank Ltd. CRISIL - A Aditya Birla Finance Ltd. FITCH - A Tata Capital Financial Services Ltd. CRISIL - A L&T Finance Ltd. CARE - A JM Financial Asset Reconstruction Company Ltd. CARE - A Turquoise Investments & Finance Pvt Ltd. CARE - A JM Financial Ltd. ICRA - A IDFC Bank Ltd. CRISIL - A Godrej Properties Limited ICRA - A Tata Capital Housing Finance Ltd. ICRA - A Sub Total Total Credit Exposure Power Finance Corporation Ltd. CRISIL - AAA 5.63 India Infoline Housing Finance Ltd. ICRA - AA 1.36 Raymond Ltd. CRISIL - AA LIC Housing Finance Ltd. CRISIL - AAA 0.82 Hinduja Leyland Finance Ltd. CARE - AA Indostar Capital Finance Ltd. CARE - AA Export - Import Bank of India CRISIL - AAA 0.23 Piramal Enterprises Ltd. ICRA - AA 0.19 Tata Motors Finance Ltd. CRISIL - AA 0.05 Sub Total 9.97 Net Current Assets Top Ten Holdings Classification by Rating Class Sovereign 3.90 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below 3.29 Net Current Assets Optimal returns over short term. Investment in debt and money market instruments with maturity of upto 91 days only. Investors understand that their principal will be at low risk ~ Investors should consult their financial advisers if in doubt Date Period $$ (`) Apr 20, 18 Last 7 days ,013 10,012 10,005 Apr 12, 18 Last 15 days ,027 10,025 10,019 Mar 28, 18 Last 1 Month ,055 10,053 10,041 Apr 28, 17 Last 1 Year ,652 10,683 10,611 Apr 30, 15 Last 3 Years ,307 12,347 12,216 Apr 30, 13 Last 5 Years ,653 14,722 14,001 Nov 18, 99 Since Inception 7.24 N.A ,297 N.A. 31,695 greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64. Face Value per Unit: ` 1,000 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. 48 April 2018 Intouch mutually

53 HDFC Cash Management Fund Treasury Advantage Plan (An open-ended income scheme) To generate regular income through investment in debt securities and money market instruments. l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years November 18, 1999 l NAV (As on APRIL 27, 2018)^^ NAV per Unit (`) Retail Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option Wholesale Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 1.13 years Modified Duration * 347 days Yield to Maturity * 8.02% * Computed on the invested amount. Regular: 0.97% Direct: 0.32% l #BENCHMARK INDEX: CRISIL Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Retail Option: Each Plan offers Growth and Dividend Option. Dividend Option offers Daily Dividend Option with Reinvestment facility only and Weekly and Monthly Dividend Option with Payout and Reinvestment facility. Retail Option : Growth, Weekly and Monthly Dividend Option: Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Daily Dividend Option : Purchase : ` 10,000 and any amount thereafter. Purchase : ` 5,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). ^^ Calculated on all calendar days. Regular income over short term. Investment in debt and money market instruments. Investors understand that their principal will be at moderately low risk ~ Investors should consult their financial advisers if in doubt Issuer Rating % to NAV Debt & Debt Related government Securities 8.39 SDL 2019 Sovereign GOI 2023 Sovereign GOI 2022 Sovereign SDL 2019 Sovereign GOI 2022 Sovereign SDL 2027 Sovereign GOI GOI 2027 Sub Total 4.76 Money Market Instruments CD/CP ICICI Bank Ltd. CRISIL-A1+/ICRA-A Axis Bank Ltd. CRISIL - A Indiabulls Housing Finance Ltd. CRISIL - A Small Industries Development Bank of India CARE - A1+ / ICRA - A Housing and Urban Development Corporation Ltd. CARE - A National Bank for Agriculture & CRISIL - A1+ / FITCH Rural Development - A Vedanta Ltd. FITCH - A PNB Housing Finance Ltd. CRISIL - A Reliance Jio Infocomm Ltd. CARE - A Punjab & Sind Bank ICRA - A National Housing Bank ICRA - A Indusind Bank Ltd. CRISIL - A Shriram City Union Finance Ltd. CARE-A1+/ICRA-A Tata Capital Financial Services Ltd. CRISIL - A Bajaj Finance Ltd. CRISIL - A India infoline Finance Ltd. CRISIL - A Sub Total Credit Exposure ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 6.43 Housing Development Finance Corporation Ltd. CRISIL - AAA 5.64 National Bank for Agriculture & Rural Development CRISIL - AAA 3.75 Tata Capital Financial Services Ltd. CRISIL - AA+ / ICRA - AA Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 3.08 Power Finance Corporation Ltd. CRISIL - AAA 2.67 Repco Home Finance Ltd. CARE - AA / ICRA - AA LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 2.12 Union Bank of India FITCH - AA ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 1.80 Power Grid Corporation of India Ltd. CRISIL - AAA 1.71 Petronet LNG Ltd. CRISIL - AAA 1.60 State Bank of India CRISIL - AA+, AAA 1.59 Classification by Asset Class G-Sec, SDL 4.76 CD/CP Credit Exposure Net Current Assets 4.58 Date Period (`) Apr 28, 17 Last 1 Year ,595 10,683 10,611 Apr 30, 15 Last 3 Years ,332 12,347 12,216 Apr 30, 13 Last 5 Years ,447 14,722 14,001 Nov 18, 99 Since Inception 7.28 N.A ,593 N.A. 31,695 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. N.A.: Not Available. For performance of other schemes managed by Anupam Joshi, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. Issuer Rating % to NAV Syndicate Bank CARE - AA Canara Bank CRISIL - AA 1.54 Rural Electrification Corporation Ltd. CRISIL - AAA 1.44 Shriram Transport Finance Company Ltd. FITCH - AA Small Industries Development Bank of India CARE - AAA 1.36 L&T Finance Ltd. CARE-AAA/ICRA-AA Punjab National Bank CRISIL - AA 1.31 Steel Authority of India Ltd. FITCH - AA Piramal Enterprises Ltd. ICRA - AA 1.14 Reliance Jio Infocomm Ltd. CRISIL - AAA 0.99 Adani Ports and Special Economic Zone Ltd. FITCH - AA Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 0.90 Sundaram Finance Ltd. ICRA - AAA 0.90 Housing and Urban Development Corporation Ltd. ICRA - AAA 0.90 Axis Bank Ltd. CRISIL - AA Raviraj Viniyog Pvt. Ltd.(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.75 KKR India Financial Services Pvt Ltd. CRISIL - AA Tube Investments of India Ltd. CRISIL - AA 0.63 Tata Motors Finance Ltd. CRISIL - AA 0.57 Volkswagen Finance Pvt. Ltd. FITCH - AAA 0.54 Emami Infrastructure Limited (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.46 Aditya Birla Finance Ltd. ICRA - AA Indian Railway Finance Corporation Ltd. CARE - AAA 0.45 Vedanta Ltd. CRISIL - AA 0.45 Adani Transmission Ltd. FITCH - AA Larsen & Toubro Ltd. CRISIL - AAA 0.31 Cholamandalam Investment and Finance Company Ltd. ICRA - AA 0.23 Tata Steel Ltd. CARE - AA 0.19 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.04 Sub Total Net Current Assets 4.58 Top Ten Holdings, Co-sponsor Classification by Rating Class Sovereign 4.76 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 4.58 Intouch mutually April

54 HDFC Corporate Debt Opportunities Fund (An open-ended income scheme) To generate regular income and capital appreciation by investing predominantly in corporate debt. l Fund Manager Shobhit Mehrotra (since March 25, 14) Total Experience: Over 25 years March 25, 2014 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Half-yearly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Half-yearly Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 3.38 years Modified Duration * 2.60 years Yield to Maturity * 9.09% * Computed on the invested amount. Regular: 1.79% Direct: 0.89% l #BENCHMARK INDEX: Crisil Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index In respect of each purchase / switch-in of Units, 15% of the units ( the limit ) may be redeemed without any exit Load from the date of allotment Any redemption in excess of the above limit shall be subject to the following exit load: In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 12 months from the date of allotment In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-out after 12 months but within 18 months from the date of allotment No Exit Load is payable if Units are redeemed / switchedout after 18 months from the date of allotment For further details, please refer to para Exit Load on Pg 52. Regular Plan, Direct Plan. Under Each Plan: Growth, Half Yearly Dividend and Normal Dividend. Both Dividend options offers Payout and Reinvestment facilities. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to long term. To generate regular income and capital appreciation by investing predominantly in corporate debt. Issuer Rating % to NAV Debt & Debt Related Government Securities 6.68 GOI 2031 Sovereign 0.87 Sub Total 0.87 Money Market Instruments CD/CP Simplex Infrastructures Ltd. CARE - A Punjab & Sind Bank ICRA - A PNB Housing Finance Ltd. CARE - A Sub Total 2.38 Credit Exposure Tata International Ltd. CARE A Rural Electrification CARE - AAA / CRISIL Corporation Ltd. - AAA 4.66 Tata Steel Ltd. CARE - AA, AA HPCL-Mittal Energy Ltd. FITCH - AA 3.90 Tata Power Company Ltd. CARE-AA / CRISIL-AA Reliance Utilities & Power Pvt. Ltd. CRISIL AAA 3.41 HDFC Bank Ltd. CRISIL AA Punjab National Bank CRISIL - AA / FITCH - AA 2.98 Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA 2.74 Talwandi Sabo Power Ltd (Corporate Guarantee of Vedanta Ltd.) CRISIL AA(SO) 2.49 Vedanta Ltd. CRISIL AA 2.37 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.23 Housing Development Finance Corporation Ltd. CRISIL - AAA 2.16 Power Finance Corporation Ltd. CARE-AAA/CRISIL-AAA 2.09 Muthoot Finance Ltd. ICRA - AA 2.09 Dilip Buildcon Ltd. CRISIL - A Adani Transmission Ltd. FITCH - AA Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL AA 1.78 Hindalco Industries Ltd. CRISIL - AA 1.76 Power Grid Corporation of India Ltd. CRISIL - AAA 1.50 Tata Sky Ltd. (Subsidiary of Tata Sons) CRISIL - A Aspire Home Finance Corporation Ltd. (Subsidiary of Motilal Oswal Financial Services Ltd.) CRISIL - A+ / ICRA - AA Hinduja Leyland Finance Ltd. CARE - AA National Highways Authority of India CRISIL - AAA 1.23 Aasan Corporate Solutions Pvt. Ltd. (Ajay Piramal Group Co) ICRA - AA-(SO) 1.21 Union Bank of India FITCH - AA 1.06 Indiabulls Housing Finance Ltd. CARE-AAA/CRISIL-AAA 1.05 Export - Import Bank of India CRISIL - AAA 1.03 Raj Infra Properties Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 1.03 Bharat Petroleum Corporation Ltd. CRISIL - AAA 0.92 Tata Motors Ltd. CARE AA Gera Development Pvt. Ltd. CARE - A Adani Power (Mundra) Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) CARE - AA-(SO) 0.84 KEC International Ltd. ICRA - AA NTPC Ltd. CRISIL-AAA/ICRA-AAA 0.76 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) CARE - A+(SO) 0.74 Primat Infrapower & Multiventures Private Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd. BRICKWORKS - A+(SO), & Dish TV Ltd.) AA-(SO) 0.72 Axis Bank Ltd. CRISIL - AA Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.68 Au Small Finance Bank Ltd. FITCH - AA Simplex Infrastructures Ltd. CARE - A Aarti Industries Ltd. CRISIL - AA Andhra Bank CARE-AA-/CRISIL-AA Infiniti Retail Ltd. (Subsidiary of Tata Sons) CARE - A Starlite Lighting Ltd. (Corporate Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) 0.49 Classification by Asset Class G-Sec 0.87 CD/CP 2.38 Credit Exposure Net Current Assets 5.53 Date Period Issuer Rating % to NAV Tata Realty and Infrastructure Ltd. CRISIL - AA 0.50 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.47 Pratyash Renewable Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 Aarish Solar Power Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.47 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.47 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.47 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 Divyesh Power Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 SEI Baskara Power Pvt Ltd. (Greenko) CARE AA-(SO) 0.47 APL Apollo Tubes Ltd. CARE - AA Raviraj Viniyog Pvt. Ltd.(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.39 JM Financial Credit Solutions Ltd. FITCH - AA / ICRA - AA 0.38 Indostar Capital Finance Ltd. CARE - AA Arm Infra & Utilities Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - AA Edisons Infrapower & Multiventures Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd. & Dish TV Ltd.) BRICKWORKS - A+(SO) 0.36 Shriram Transport Finance Company Ltd. FITCH - AA JM Financial Asset Reconstruction Company Ltd. ICRA AA Jana Small Finance Bank Ltd. ICRA A India infoline Finance Ltd. ICRA - AA 0.34 Prabhakar Viniyog Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.34 Tata Housing Development Company Ltd. ICRA - AA 0.33 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 0.30 Sadbhav Engineering Ltd. CARE - A Inox Air Products Ltd. CRISIL - AA 0.26 Cholamandalam Investment and Finance Company Ltd. CRISIL - AA 0.27 G R Infraprojects Ltd. CARE AA Syndicate Bank CARE AA Repco Home Finance Ltd. CARE - AA 0.19 Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) 0.18 National Bank for Agriculture & Rural Development CRISIL - AAA 0.18 ECL Finance Ltd. CARE - AA 0.18 Asian Satellite Broadcast Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - AA-(SO) 0.18 Bajaj Finance Ltd. CRISIL - AAA 0.18 Prism Johnson Ltd FITCH - A TMF Holdings Ltd.(subsidiary of Tata Motors Ltd.) CRISIL AA 0.15 Astra Microwave Products Ltd. CRISIL - A Manav Investment & Trading Co. Ltd. (Axis Capital Underwriting) ICRA - AAA(SO) 0.13 Volkswagen Finance Pvt. Ltd. FITCH - AAA 0.13 Piramal Enterprises Ltd. ICRA - AA 0.11 Aditya Birla Fashion and Retail Ltd. CRISIL AA 0.08 India Infoline Housing Finance Ltd. CRISIL AA 0.07 Petronet LNG Ltd. CRISIL AAA 0.07 Century Textiles & Industries Ltd. CRISIL AA 0.06 Tube Investments of India Ltd. CRISIL - AA 0.02 Sundaram BNP Paribas Home Finance Ltd. ICRA - AA Sub Total Net Current Assets 5.53 Top Ten Holdings, Less than 0.01% Classification by Rating Class Sovereign 0.87 AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 5.53 (`) Apr 28, 17 Last 1 Year ,517 10,552 9,899 Apr 30, 15 Last 3 Years ,660 12,460 11,819 Mar 25, 14 Since Inception ,319 13,855 13,526 Investors understand that their principal will be The above returns are for Regular Plan - Growth Option. greater than 1 year period are compounded annualized (CAGR). The is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the investors would be net at moderate risk of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Shobhit Mehrotra, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The ~ Investors should consult their financial advisers if in doubt expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of April 30, 2018 unless otherwise specified. 50 April 2018 Intouch mutually

55 HDFC Banking and PSU Debt Fund (An open-ended income scheme) To generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and Public Sector undertakings. There is no assurance that the investment objective of the will be realized. l Fund Manager Anil Bamboli (since Mar 26, 14) Total Experience: Over 23 years March 26, 2014 NAV (As on APRIL 27, 2018) NAV per Unit (`) Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option assets UNDER MANAGEMENT (`) IN CRORE As on April 30, , Average for Month of April, , Average Maturity * 3.26 years Modified Duration * 2.53 years Yield to Maturity * 8.54% * Computed on the invested amount. Regular: 0.76% Direct: 0.31% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under Each Plan: Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Issuer Rating % to NAV Debt & Debt Related Money Market Instruments CD/CP ICICI Bank Ltd. ICRA - A Sub Total 2.74 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA National Highways Authority of India CRISIL - AAA 9.22 Power Grid Corporation of India Ltd. CRISIL - AAA 6.43 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 5.92 National Bank for Agriculture & Rural Development CRISIL - AAA 5.52 Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA, AAA(SO) / CARE - AAA / CRISIL - AAA(SO) 5.49 Rural Electrification Corporation Ltd. CRISIL - AAA 4.21 Tata International Ltd. CARE - A Syndicate Bank CARE - AA Union Bank of India FITCH - AA Housing Development Finance Corporation Ltd. CRISIL - AAA 2.74 State Bank of India CRISIL - AA Bank of Baroda CARE - AA 2.46 HDFC Bank Ltd. CRISIL - AA Allahabad Bank FITCH - A Export - Import Bank of India CRISIL - AAA 1.82 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 1.52 Punjab National Bank CRISIL - AA 1.46 Issuer Rating % to NAV Vedanta Ltd. CRISIL - AA 1.37 NTPC Ltd. CRISIL - AAA 1.32 Andhra Bank CRISIL - AA LIC Housing Finance Ltd. CRISIL - AAA 0.90 Tata Power Company Ltd. CRISIL - AA Reliance Jio Infocomm Ltd. ICRA - AAA 0.67 Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.66 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.60 Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 0.23 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.20 Steel Authority of India Ltd. FITCH - AA Sub Total Net Current Assets 8.07 Top Ten Holdings, Co-sponsor Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 10 years). Regular income over medium to long term. Investments in debt and money market instruments consisting predominantly of securities issued by Scheduled Commercial Banks and Public Sector undertakings. Investors understand that their principal will be at moderately low risk Classification by Asset Class CD/CP 2.74 Credit Exposure Net Current Assets 8.07 Date Period Classification by Rating Class AAA/AAA(SO)/A1+/A1+(SO) & Equivalent AA+ & Below Net Current Assets 8.07 (`) Apr 28, 17 Last 1 Year ,523 10,552 10,611 Apr 30, 15 Last 3 Years ,571 12,460 12,216 Mar 26, 14 Since Inception ,949 13,854 13,364 The above returns are for Regular Plan - Growth Option. greater than 1 year period are compounded annualized (CAGR). The is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 52. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64. ~ Investors should consult their financial advisers if in doubt Face Value per Unit: ` 10 unless otherwise specified, Data is as of April 30, 2018 unless otherwise specified. Intouch mutually April

56 Performance details of s managed by respective Fund Managers Sr. No. Name of the Fund Manager Funds Managed Page no. 1 Mr. Prashant Jain HDFC Equity Fund 06 HDFC Top 200 Fund 07 HDFC Prudence Fund HDFC MF Monthly Income Plan - LTP 33 2 Mr. Vinay Kulkarni HDFC Core & Satellite Fund 09 HDFC Premier Multi-Cap Fund 10 HDFC Large Cap Fund 11 HDFC TaxSaver 26 HDFC MF Monthly Income Plan - STP 32 HDFC Equity Savings Fund (Co-managed scheme) Close ended schemes (Co-managed schemes) 57 3 Mr. Srinivas Rao Ravuri HDFC Growth Fund 05 HDFC Infrastructure Fund 14 Close ended schemes 53 4 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 12 HDFC Small Cap Fund 13 HDFC Long Term Advantage Fund 53 HDFC Balanced Fund HDFC Children s Gift Fund HDFC Multiple Yield Fund - Plan HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 29 HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 30 HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 31 5 Mr. Miten Lathia HDFC Capital Builder Fund 08 HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 57 6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund HDFC Index Fund - Sensex Plan 21 HDFC Index Fund - NIFTY Plan 22 HDFC Index Fund - Sensex Plus Plan 23 HDFC Sensex ETF 24 HDFC NIFTY ETF 25 HDFC Gold Exchange Traded Fund 56 HDFC Gold Fund 56 HDFC Equity Savings Fund (Co-managed scheme) Mr. Shobhit Mehrotra HDFC MF Monthly Income Plan - LTP 33 HDFC MF Monthly Income Plan - STP 32 HDFC Income Fund 37 HDFC High Interest Fund - STP 39 HDFC Floating Rate Income Fund - Long Term Plan 46 HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Option 45 HDFC Corporate Debt Opportunities Fund 50 HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 29 HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 30 HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 31 Close ended schemes Mr. Anil Bamboli HDFC Equity Savings Fund (Co-managed scheme) HDFC Multiple Yield Fund - Plan HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 57 HDFC High Interest Fund - Dynamic Plan 38 HDFC Regular Savings Fund 40 HDFC Short Term Opportunities Fund 41 HDFC Gilt Fund - Short Term Plan 43 HDFC Gilt Fund - Long Term Plan 44 HDFC Cash Management Fund - Savings Plan 48 HDFC Cash Management Fund - Call Plan 54 HDFC Banking and PSU Debt Fund 51 Close ended schemes Co-managed schemes Mr. Anupam Joshi HDFC Liquid Fund 47 HDFC Medium Term Opportunities Fund 42 HDFC Cash Management Fund - Treasury Advantage Plan 49 Close ended schemes For performance details of Direct Plan, refer page Exit Load : (i) No exit load shall be levied for switching between Options under the same Plan within a. (ii) Switch of investments to Direct Plan within the same shall be subject to applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not be subject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same. However, any subsequent switch-out or redemption of such investment from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a having separate portfolios, will be subject to applicable exit load. (v) No exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment. (vi) In case of Systematic Transactions such as, G, Flex, STP, Flex STP, Swing STP, Flexindex; Exit Load, if any, prevailing on the date of registration / enrolment shall be levied. Tax Benefits / Consequences : The Dividend Distribution Tax on distribution of income by equity oriented fund to all the investors shall be payable at the rate of %* and on distribution of income by other than equity oriented fund to an individual / HUF shall be payable at the rate of 29.12%* and at the rate of %* on distribution of income to any other investor. Such income distributed by the (s) is free from Income tax in the hands of Investors. Units of the (s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities Transaction Tax (STT) at the rate of 0.001% at the time of redemption / switch-out of units of an equity-oriented fund. * including applicable surcharge, health and education cess. Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his / her own professional tax advisor. 52 April 2018 Intouch mutually

57 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) HDFC FOCUSED EQUITY FUND - PLAN B Date Period SRINIVAS RAO RAVURI NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,817 11,675 11,888 May 06, 15 Since Inception ,443 14,136 13,721 # S&P BSE 100 (Total Index) ## S&P BSE SENSEX (Total Index). The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Srinivas Rao Ravuri since inception. CHIRAG SETALVAD HDFC LONG TERM ADVANTAGE FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,435 11,888 11,691 Apr 30, 15 Last 3 Years ,732 13,572 13,640 Apr 30, 13 Last 5 Years ,676 19,387 19,286 Jan 02, 01 Since Inception , , ,030 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Chirag Setalvad since April 02, SHOBHIT MEHROTRA HDFC FMP 3360D MARCH 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,434 10,369 9,899 Apr 30, 15 Last 3 Years ,824 12,442 11,819 Mar 26, 14 Since Inception ,887 14,313 13,519 # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1106D May 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,690 10,369 10,611 May 20, 15 Since Inception ,534 12,408 12,161 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1127D May 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,722 10,369 10,611 Jun 10, 15 Since Inception ,660 12,433 12,096 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1112D June 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,690 10,369 10,611 Jul 02, 15 Since Inception ,469 12,358 12,035 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1105D December 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,685 10,369 10,611 Dec 30, 15 Since Inception ,931 11,808 11,584 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1183D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,675 10,369 10,611 Jan 12, 16 Since Inception ,890 11,767 11,561 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1176D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,671 10,369 10,611 Jan 19, 16 Since Inception ,850 11,779 11,546 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1167D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,669 10,369 10,611 Jan 28, 16 Since Inception ,827 11,759 11,529 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1155D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,674 10,369 10,611 Feb 09, 16 Since Inception ,823 11,763 11,507 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1168D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,854 10,369 10,611 Feb 03, 16 Since Inception ,412 11,779 11,520 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1148D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,665 10,369 10,611 Feb 18, 16 Since Inception ,811 11,775 11,490 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

58 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) SHOBHIT MEHROTRA...CONTINUED HDFC FMP 1161D February 2016 (1) NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,832 10,369 10,611 Feb 25, 16 Since Inception ,323 11,842 11,476 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1148D February 2016 (2) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,877 10,369 10,611 Mar 04, 16 Since Inception ,192 11,708 11,448 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1132D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,672 10,369 10,611 Mar 03, 16 Since Inception ,790 11,716 11,450 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1140D March 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,832 10,369 10,611 Mar 17, 16 Since Inception ,172 11,607 11,421 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1114D March 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,666 10,369 10,611 Mar 22, 16 Since Inception ,676 11,568 11,410 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1213D MARCH 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,695 10,369 10,611 Mar 23, 17 Since Inception ,794 10,439 10,641 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1188D MARCH 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,726 10,369 10,611 Mar 30, 17 Since Inception ,810 10,379 10,631 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1172d April 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,582 10,369 10,611 Apr 11, 17 Since Inception ,620 10,391 10,616 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1165d April 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,598 10,369 10,611 Apr 18, 17 Since Inception ,610 10,359 10,618 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. ANIL BAMBOLI HDFC CASH MANAGEMENT FUND - CALL PLAN Date Period NAV as on Apr 27, 2018 ` (`) Apr 20, 18 Last 7 days ,011 10,012 10,005 Apr 12, 18 Last 15 days ,024 10,025 10,019 Mar 28, 18 Last 1 Month ,049 10,053 10,041 Apr 28, 17 Last 1 Year ,590 10,683 10,611 Apr 30, 15 Last 3 Years ,015 12,347 12,216 Apr 30, 13 Last 5 Years ,056 14,722 14,001 Feb 06, 02 Since Inception 6.21 N.A ,588 N.A. 25,673 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. The scheme is managed by Mr. Anil Bamboli since July 25, HDFC CHARITY FUND FOR CANCER CURE - DEBT PLAN^ Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,663 10,552 10,611 Mar 27, 17 Since Inception ,737 10,600 10,634 # CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Debt Plan - Regular Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC FMP 1846D AUGUST 2013 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,609 10,369 10,611 Apr 30, 15 Last 3 Years ,361 12,442 12,216 Aug 14, 13 Since Inception ,948 15,190 14,088 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 54 April 2018 Intouch mutually

59 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 1875D AUGUST 2013 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,630 10,369 10,611 Apr 30, 15 Last 3 Years ,519 12,442 12,216 Sep 04, 13 Since Inception ,089 15,022 13,974 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1175D JANUARY 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,758 10,369 10,611 Apr 30, 15 Last 3 Years ,679 12,442 12,216 Feb 05, 14 Since Inception ,698 14,498 13,527 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 370D MARCH 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,614 10,552 10,611 Apr 30, 15 Last 3 Years ,390 12,460 12,216 Mar 05, 14 Since Inception ,792 13,968 13,446 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 793D FEBRUARY 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,620 10,552 10,611 Apr 30, 15 Last 3 Years ,442 12,460 12,216 Feb 26, 14 Since Inception ,139 13,998 13,463 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1134D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,698 10,369 10,611 Jul 15, 15 Since Inception ,419 12,326 11,999 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1126D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,723 10,369 10,611 Jul 23, 15 Since Inception ,312 12,291 11,981 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1141D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,724 10,369 10,611 Aug 06, 15 Since Inception ,325 12,227 11,948 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1108D September 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,708 10,369 10,611 Sep 23, 15 Since Inception ,195 12,074 11,831 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1105D October 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,696 10,369 10,611 Oct 15, 15 Since Inception ,061 11,904 11,745 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D November 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,683 10,369 10,611 Dec 03, 15 Since Inception ,943 11,830 11,642 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,797 10,369 10,611 Sep 15, 16 Since Inception ,424 10,806 11,015 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1309D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,740 10,369 10,611 Sep 20, 16 Since Inception ,392 10,798 11,004 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1302D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,742 10,369 10,611 Sep 28, 16 Since Inception ,387 10,706 10,984 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

60 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 1218D DECEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,685 10,369 10,611 Jan 12, 17 Since Inception ,896 10,343 10,763 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1199D JANUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,651 10,369 10,611 Jan 31, 17 Since Inception ,809 10,330 10,734 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1150D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,612 10,369 10,611 Feb 22, 17 Since Inception ,725 10,539 10,701 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1155D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,612 10,369 10,611 Feb 16, 17 Since Inception ,724 10,503 10,716 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1178D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,715 10,369 10,611 Feb 22, 17 Since Inception ,915 10,539 10,701 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1169D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,604 10,369 10,611 Feb 03, 17 Since Inception ,688 10,315 10,724 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1170D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,712 10,369 10,611 Mar 01, 17 Since Inception ,897 10,532 10,690 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. KRISHAN KUMAR DAGA HDFC GOLD EXCHANGE TRADED FUND* Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,652 10,774 Apr 30, 15 Last 3 Years ,106 11,479 Apr 30, 13 Last 5 Years ,829 11,428 Aug 13, 10 Since Inception ,914 16,837 # Domestic Price of Physical Gold. Since inception returns are calculated on ` (allotment price) * The does not offer any Plans/Options. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC GOLD FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,468 10,774 Apr 30, 15 Last 3 Years ,951 11,479 Apr 30, 13 Last 5 Years ,381 11,428 Nov 01, 11 Since Inception ,184 11,473 # Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC CHARITY FUND FOR CANCER CURE - ARBITRAGE PLAN^ Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,650 10,439 11,691 Mar 27, 17 Since Inception ,721 10,478 12,038 # NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Arbitrage Plan - Regular Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). ANUPAM JOSHI HDFC FMP 1120D MARCH 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,672 10,369 10,611 Mar 16, 16 Since Inception ,692 11,640 11,423 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1107D MARCH 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,668 10,369 10,611 Mar 29, 16 Since Inception ,685 11,557 11,397 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 56 April 2018 Intouch mutually

61 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANUPAM JOSHI...CONTINUED HDFC FMP 1190D MARCH 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,798 10,369 10,611 Mar 23, 16 Since Inception ,183 11,567 11,408 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1104D APRIL 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,667 10,369 10,611 Apr 21, 16 Since Inception ,545 11,431 11,328 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D May 2016 (1) NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,784 10,369 10,611 May 31, 16 Since Inception ,822 11,352 11,256 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1153D April 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,805 10,369 10,611 May 05, 16 Since Inception ,904 11,400 11,303 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1113D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,659 10,369 10,611 Jun 08, 16 Since Inception ,485 11,337 11,236 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,651 10,369 10,611 Jun 21, 16 Since Inception ,445 11,312 11,209 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1128D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,784 10,369 10,611 Jun 29, 16 Since Inception ,726 11,255 11,189 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1112D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,653 10,369 10,611 Jul 07, 16 Since Inception ,404 11,189 11,168 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1161D July 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,771 10,369 10,611 Jul 27, 16 Since Inception ,555 11,044 11,120 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI HDFC CPO - III D JANUARY 2015 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,494 10,567 10,611 Apr 30, 15 Last 3 Years ,737 12,520 12,216 Feb 12, 15 Since Inception ,851 12,551 12,424 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Mr. Anil Bamboli since inception. HDFC DAF - I D AUGUST 2015 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,584 10,867 10,611 Sep 08, 15 Since Inception ,879 12,686 11,858 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Anil Bamboli since inception. CO-MANAGED BY MITEN LATHIA & ANIL BAMBOLI HDFC DYNAMIC PE RATIO FUND OF FUNDS Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,590 11,238 11,691 Apr 30, 15 Last 3 Years ,218 13,236 13,640 Apr 30, 13 Last 5 Years ,917 17,565 19,286 Feb 06, 12 Since Inception ,946 19,848 21,629 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The scheme is co-managed by Mr. Miten Lathia & Mr. Anil Bamboli since June 27, Performance of close-ended is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

62 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC DAF - II D January 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,584 10,867 10,611 Feb 04, 16 Since Inception ,721 12,494 11,518 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D MARCH 2016 NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,541 10,867 10,611 Apr 12, 16 Since Inception ,352 12,165 11,349 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D April 2016 NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,543 10,867 10,611 May 12, 16 Since Inception ,345 12,037 11,292 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D AUGUST 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,534 11,028 10,611 Sep 12, 16 Since Inception ,932 11,651 11,018 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D OCTOBER 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,501 11,028 10,611 Oct 25, 16 Since Inception ,769 11,590 10,918 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D NOVEMBER 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,503 10,867 10,611 Dec 07, 16 Since Inception ,698 11,417 10,832 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. Performance of close-ended is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 58 April 2018 Intouch mutually

63 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) HDFC EQUITY FUND PRASHANT JAIN Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,175 11,691 11,691 Apr 30, 15 Last 3 Years ,904 14,586 13,640 Apr 30, 13 Last 5 Years ,998 21,693 19,286 Jan 01, 13 Since Inception ,905 21,070 19,244 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC TOP 200 FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,976 11,704 11,888 Apr 30, 15 Last 3 Years ,767 14,367 13,572 Apr 30, 13 Last 5 Years ,065 21,230 19,387 Jan 01, 13 Since Inception ,388 20,777 19,344 # S&P BSE 200 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC PRUDENCE FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,817 11,238 11,691 Apr 30, 15 Last 3 Years ,985 13,236 13,640 Apr 30, 13 Last 5 Years ,873 17,565 19,286 Jan 01, 13 Since Inception ,544 17,822 19,244 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments.. HDFC CORE & SATELLITE FUND Date Period VINAY KULKARNI NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,994 11,704 11,888 Apr 30, 15 Last 3 Years ,484 14,367 13,572 Apr 30, 13 Last 5 Years ,866 21,230 19,387 Jan 01, 13 Since Inception ,946 20,777 19,344 # S&P BSE 200 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC PREMIER MULTI-CAP FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,518 11,691 11,691 Apr 30, 15 Last 3 Years ,830 14,586 13,640 Apr 30, 13 Last 5 Years ,770 21,693 19,286 Jan 01, 13 Since Inception ,067 21,070 19,244 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC LARGE CAP FUND Date Period NAV as on Apr 30, 2018 ` (`) HDFC TAXSAVER Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,796 11,691 11,691 Apr 30, 15 Last 3 Years ,608 14,586 13,640 Apr 30, 13 Last 5 Years ,138 21,693 19,286 Jan 01, 13 Since Inception ,740 21,070 19,244 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC MID-CAP OPPORTUNITIES FUND CHIRAG SETALVAD Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,735 11,328 11,691 Apr 30, 15 Last 3 Years ,166 16,581 13,640 Apr 30, 13 Last 5 Years ,636 27,646 19,286 Jan 01, 13 Since Inception ,523 25,177 19,244 # NIFTY Midcap 100 (Total Index) ## NIFTY 50 (Total Index). HDFC SMALL CAP FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,505 11,361 11,691 Apr 30, 15 Last 3 Years ,778 15,822 13,640 Apr 30, 13 Last 5 Years ,218 27,566 19,286 Jan 01, 13 Since Inception ,855 23,614 19,244 # NIFTY Smallcap 100 (Total Index) ## NIFTY 50 (Total Index). HDFC BALANCED FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,327 11,238 11,691 Apr 30, 15 Last 3 Years ,701 13,236 13,640 Apr 30, 13 Last 5 Years ,551 17,565 19,286 Jan 01, 13 Since Inception ,542 17,822 19,244 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. HDFC CHILDREN S GIFT FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,568 11,238 11,691 Apr 30, 15 Last 3 Years ,739 13,236 13,640 Apr 30, 13 Last 5 Years ,786 17,565 19,286 Jan 01, 13 Since Inception ,141 17,822 19,244 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. HDFC LONG TERM ADVANTAGE FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,516 11,888 11,691 Apr 28, 17 Last 1 Year ,854 11,691 11,888 Apr 30, 15 Last 3 Years ,024 13,572 13,640 Apr 30, 15 Last 3 Years ,543 13,640 13,572 Apr 30, 13 Last 5 Years ,392 19,387 19,286 Apr 30, 13 Last 5 Years ,746 19,286 19,387 Jan 01, 13 Since Inception ,988 19,344 19,244 Jan 01, 13 Since Inception ,482 19,244 19,344 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). # NIFTY 50 (Total Index) ## S&P BSE SENSEX (Total Index). Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

64 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) HDFC GROWTH FUND SRINIVAS RAO RAVURI Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,473 11,888 11,691 Apr 30, 15 Last 3 Years ,663 13,572 13,640 Apr 30, 13 Last 5 Years ,105 19,387 19,286 Jan 01, 13 Since Inception ,271 19,344 19,244 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). HDFC INFRASTRUCTURE FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,422 11,691 11,691 Apr 30, 15 Last 3 Years ,474 14,586 13,640 Apr 30, 13 Last 5 Years ,748 21,693 19,286 Jan 01, 13 Since Inception ,539 21,070 19,244 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC FOCUSED EQUITY FUND - PLAN B Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,877 11,675 11,888 May 06, 15 Since Inception ,671 14,136 13,721 # S&P BSE 100 (Total Index) ## S&P BSE SENSEX (Total Index). The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Srinivas Rao Ravuri since inception. HDFC INCOME FUND SHOBHIT MEHROTRA Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,203 10,369 9,899 Apr 30, 15 Last 3 Years ,122 12,442 11,819 Apr 30, 13 Last 5 Years ,276 14,596 13,121 Jan 01, 13 Since Inception ,898 15,188 13,686 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. HDFC HIGH INTEREST FUND - STP Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,598 10,552 10,611 Apr 30, 15 Last 3 Years ,685 12,460 12,216 Apr 30, 13 Last 5 Years ,118 14,876 14,001 Jan 01, 13 Since Inception ,648 15,338 14,405 # crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC FLOATING RATE INCOME FUND - STP - WHOLESALE OPTION Date Period NAV as on Apr 27, 2018 ` (`) HDFC FLOATING RATE INCOME FUND - LTP NAV as on Apr 27, 2018 ` Date Period (`) 60 April 2018 Intouch mutually Apr 28, 17 Last 1 Year ,588 10,552 10,611 Apr 30, 15 Last 3 Years ,469 12,460 12,216 Apr 30, 13 Last 5 Years ,749 14,876 14,001 Jan 01, 13 Since Inception ,205 15,338 14,405 # CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC CORPORATE DEBT OPPORTUNITIES FUND NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,613 10,552 9,899 Apr 30, 15 Last 3 Years ,029 12,460 11,819 Mar 25, 14 Since Inception ,850 13,855 13,526 # crisil Short Term Bond Fund Index ## Crisil 10 year Gilt Index. HDFC FMP 3360D MARCH 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,444 10,369 9,899 Apr 30, 15 Last 3 Years ,862 12,442 11,819 Mar 26, 14 Since Inception ,940 14,313 13,519 # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1106D May 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,722 10,369 10,611 May 20, 15 Since Inception ,645 12,408 12,161 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1127D May 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,765 10,369 10,611 Jun 10, 15 Since Inception ,807 12,433 12,096 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1112D June 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,722 10,369 10,611 Jul 02, 15 Since Inception ,575 12,358 12,035 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. Apr 28, 17 Last 1 Year ,670 10,683 10,611 Apr 30, 15 Last 3 Years ,596 12,347 12,216 Apr 30, 13 Last 5 Years ,060 14,722 14,001 Jan 01, 13 Since Inception ,494 15,111 14,405 # crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available

65 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) SHOBHIT MEHROTRA...CONTINUED HDFC FMP 1105D December 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,690 10,369 10,611 Dec 30, 15 Since Inception ,040 11,808 11,584 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1161D February 2016 (1) NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,903 10,369 10,611 Feb 25, 16 Since Inception ,492 11,842 11,476 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1183D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,680 10,369 10,611 Jan 12, 16 Since Inception ,004 11,767 11,561 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1176D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,676 10,369 10,611 Jan 19, 16 Since Inception ,967 11,779 11,546 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1167D January 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,677 10,369 10,611 Jan 28, 16 Since Inception ,962 11,759 11,529 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1155D February 2016 (1) NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,679 10,369 10,611 Feb 09, 16 Since Inception ,939 11,763 11,507 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1168D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,860 10,369 10,611 Feb 03, 16 Since Inception ,428 11,779 11,520 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1148D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,670 10,369 10,611 Feb 18, 16 Since Inception ,925 11,775 11,490 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1148D February 2016 (2) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,909 10,369 10,611 Mar 04, 16 Since Inception ,394 11,708 11,448 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1132D February 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,677 10,369 10,611 Mar 03, 16 Since Inception ,898 11,716 11,450 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1140D March 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,864 10,369 10,611 Mar 17, 16 Since Inception ,372 11,607 11,421 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1114D March 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,681 10,369 10,611 Mar 22, 16 Since Inception ,802 11,568 11,410 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1213D MARCH 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,775 10,369 10,611 Mar 23, 17 Since Inception ,880 10,439 10,641 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1188D MARCH 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,774 10,369 10,611 Mar 30, 17 Since Inception ,861 10,379 10,631 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

66 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) SHOBHIT MEHROTRA...CONTINUED HDFC FMP 1172D APRIL 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,614 10,369 10,611 Apr 11, 17 Since Inception ,654 10,391 10,616 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1165D APRIL 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,629 10,369 10,611 Apr 18, 17 Since Inception ,643 10,359 10,618 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC ARBITRAGE FUND - WHOLESALE PLAN Date Period KRISHAN KUMAR DAGA NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,610 10,685 11,691 Apr 30, 15 Last 3 Years ,166 12,354 13,640 Apr 07, 14 Since Inception ,215 13,529 16,869 # Crisil Liquid Fund Index ## NIFTY 50 (Total Index). performance is not strictly comparable with that of its since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. HDFC INDEX FUND - SENSEX PLAN Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,847 11,888 11,691 Apr 30, 15 Last 3 Years ,500 13,572 13,640 Apr 30, 13 Last 5 Years ,114 19,387 19,286 Jan 01, 13 Since Inception ,044 19,344 19,244 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). HDFC INDEX FUND - NIFTY PLAN Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,668 11,691 11,888 Apr 30, 15 Last 3 Years ,525 13,640 13,572 Apr 30, 13 Last 5 Years ,062 19,286 19,387 Jan 01, 13 Since Inception ,958 19,244 19,344 # NIFTY 50 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC INDEX FUND - SENSEX PLUS PLAN NAV as on Apr 30, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,477 11,888 11,691 Apr 30, 15 Last 3 Years ,310 13,572 13,640 Apr 30, 13 Last 5 Years ,096 19,387 19,286 Jan 01, 13 Since Inception ,880 19,344 19,244 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). HDFC GOLD FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,516 10,774 Apr 30, 15 Last 3 Years ,104 11,479 Apr 30, 13 Last 5 Years ,583 11,428 Jan 01, 13 Since Inception ,392 10,196 # Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC CHARITY FUND FOR CANCER CURE - ARBITRAGE PLAN^ NAV as on Apr 30, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,650 10,439 11,691 Mar 27, 17 Since Inception ,721 10,478 12,038 # NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Arbitrage Plan - Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC LIQUID FUND ANUPAM JOSHI Date Period NAV as on Apr 27, 2018 ` (`) Apr 20, 18 Last 7 days ,013 10,012 10,005 Apr 12, 18 Last 15 days ,027 10,025 10,019 Mar 28, 18 Last 1 Month ,056 10,053 10,041 Apr 28, 17 Last 1 Year ,670 10,683 10,611 Apr 30, 15 Last 3 Years ,373 12,347 12,216 Apr 30, 13 Last 5 Years ,761 14,722 14,001 Dec 31, 12 Since Inception ,192 15,114 14,411 # crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. HDFC MEDIUM TERM OPPORTUNITIES FUND NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,593 10,369 9,899 Apr 30, 15 Last 3 Years ,626 12,442 11,819 Apr 30, 13 Last 5 Years ,964 14,596 13,121 Jan 01, 13 Since Inception ,530 15,188 13,686 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN - RETAIL OPTION NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,664 10,683 10,611 Apr 30, 15 Last 3 Years ,599 12,347 12,216 Apr 30, 13 Last 5 Years ,966 14,722 14,001 Jan 01, 13 Since Inception ,412 15,111 14,405 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 62 April 2018 Intouch mutually

67 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANUPAM JOSHI...CONTINUED HDFC FMP 1120D MARCH 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,677 10,369 10,611 Mar 16, 16 Since Inception ,799 11,640 11,423 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1107D MARCH 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,673 10,369 10,611 Mar 29, 16 Since Inception ,791 11,557 11,397 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1190D March 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,862 10,369 10,611 Mar 23, 16 Since Inception ,335 11,567 11,408 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1104D APRIL 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,672 10,369 10,611 Apr 21, 16 Since Inception ,649 11,431 11,328 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D May 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,809 10,369 10,611 May 31, 16 Since Inception ,975 11,352 11,256 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1153D April 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,824 10,369 10,611 May 05, 16 Since Inception ,060 11,400 11,303 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1113D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,672 10,369 10,611 Jun 08, 16 Since Inception ,565 11,337 11,236 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,666 10,369 10,611 Jun 21, 16 Since Inception ,525 11,312 11,209 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1128D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,818 10,369 10,611 Jun 29, 16 Since Inception ,877 11,255 11,189 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1112D June 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,670 10,369 10,611 Jul 07, 16 Since Inception ,482 11,189 11,168 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1161D JuLY 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,814 10,369 10,611 Jul 27, 16 Since Inception ,703 11,044 11,120 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. ANIL BAMBOLI HDFC HIGH INTEREST FUND - DYNAMIC PLAN NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,341 10,369 9,899 Apr 30, 15 Last 3 Years ,354 12,442 11,819 Apr 30, 13 Last 5 Years ,051 14,596 13,121 Jan 01, 13 Since Inception ,743 15,188 13,686 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

68 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC REGULAR SAVINGS FUND Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,626 10,552 10,611 Apr 30, 15 Last 3 Years ,861 12,460 12,216 Apr 30, 13 Last 5 Years ,359 14,876 14,001 Jan 01, 13 Since Inception ,879 15,338 14,405 # crisil Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. HDFC SHORT TERM OPPORTUNITIES FUND NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,629 10,552 10,611 Apr 30, 15 Last 3 Years ,568 12,460 12,216 Apr 30, 13 Last 5 Years ,023 14,876 14,001 Jan 01, 13 Since Inception ,530 15,338 14,405 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC GILT FUND - SHORT TERM PLAN Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,441 10,581 10,611 Apr 30, 15 Last 3 Years ,500 12,426 12,216 Apr 30, 13 Last 5 Years ,457 14,469 14,001 Jan 01, 13 Since Inception ,050 14,983 14,405 # I-Sec Si-Bex ## Crisil 1 year T-Bill Index. HDFC GILT FUND - LONG TERM PLAN Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,320 10,324 9,899 Apr 30, 15 Last 3 Years ,375 12,451 11,819 Apr 30, 13 Last 5 Years ,712 14,771 13,121 Jan 01, 13 Since Inception ,392 15,491 13,686 # I-Sec Li-Bex ## Crisil 10 year Gilt Index. HDFC CASH MANAGEMENT FUND - SAVINGS PLAN NAV as on Apr 27, 2018 ` Date Period (`) Apr 20, 18 Last 7 days ,013 10,012 10,005 Apr 12, 18 Last 15 days ,028 10,025 10,019 Mar 28, 18 Last 1 Month ,057 10,053 10,041 Apr 28, 17 Last 1 Year ,674 10,683 10,611 Apr 30, 15 Last 3 Years ,378 12,347 12,216 Apr 30, 13 Last 5 Years ,754 14,722 14,001 Dec 31, 12 Since Inception ,184 15,114 14,411 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. HDFC CASH MANAGEMENT FUND - CALL PLAN NAV as on Apr 27, 2018 ` Date Period (`) Apr 20, 18 Last 7 days ,011 10,012 10,005 Apr 12, 18 Last 15 days ,024 10,025 10,019 Mar 28, 18 Last 1 Month ,049 10,053 10,041 Apr 28, 17 Last 1 Year ,595 10,683 10,611 Apr 30, 15 Last 3 Years ,037 12,347 12,216 Apr 30, 13 Last 5 Years ,097 14,722 14,001 Dec 31, 12 Since Inception ,459 15,114 14,411 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. The scheme is managed by Mr. Anil Bamboli since inception. HDFC BANKING AND PSU DEBT FUND Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,570 10,552 10,611 Apr 30, 15 Last 3 Years ,685 12,460 12,216 Mar 26, 14 Since Inception ,083 13,854 13,364 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC CHARITY FUND FOR CANCER CURE - DEBT PLAN^ Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,663 10,552 10,611 Mar 27, 17 Since Inception ,737 10,600 10,634 # CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Debt Plan - Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC FMP 1846D AUGUST 2013 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,641 10,369 10,611 Apr 30, 15 Last 3 Years ,473 12,442 12,216 Aug 14, 13 Since Inception ,160 15,190 14,088 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1875D AUGUST 2013 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,663 10,369 10,611 Apr 30, 15 Last 3 Years ,659 12,442 12,216 Sep 04, 13 Since Inception ,358 15,022 13,974 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 64 April 2018 Intouch mutually

69 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 1175D JANUARY 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,792 10,369 10,611 Apr 30, 15 Last 3 Years ,758 12,442 12,216 Feb 05, 14 Since Inception ,816 14,498 13,527 # Crisil Short Composite Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 370D MARCH 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,625 10,552 10,611 Apr 30, 15 Last 3 Years ,428 12,460 12,216 Mar 05, 14 Since Inception ,843 13,968 13,446 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 793D FEBRUARY 2014 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,631 10,552 10,611 Apr 30, 15 Last 3 Years ,492 12,460 12,216 Feb 26, 14 Since Inception ,222 13,998 13,463 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1134D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,730 10,369 10,611 Jul 15, 15 Since Inception ,524 12,326 11,999 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1126D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,731 10,369 10,611 Jul 23, 15 Since Inception ,498 12,291 11,981 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1141D July 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,729 10,369 10,611 Aug 06, 15 Since Inception ,435 12,227 11,948 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1108D September 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,713 10,369 10,611 Sep 23, 15 Since Inception ,307 12,074 11,831 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1105D October 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,702 10,369 10,611 Oct 15, 15 Since Inception ,174 11,904 11,745 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D November 2015 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,688 10,369 10,611 Dec 03, 15 Since Inception ,054 11,830 11,642 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,838 10,369 10,611 Sep 15, 16 Since Inception ,531 10,806 11,015 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1309D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,804 10,369 10,611 Sep 20, 16 Since Inception ,508 10,798 11,004 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1302D SEPTEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,796 10,369 10,611 Sep 28, 16 Since Inception ,477 10,706 10,984 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

70 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 1218D DECEMBER 2016 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,755 10,369 10,611 Jan 12, 17 Since Inception ,997 10,343 10,763 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1199D JANUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,753 10,369 10,611 Jan 31, 17 Since Inception ,937 10,330 10,734 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1150D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,617 10,369 10,611 Feb 22, 17 Since Inception ,732 10,539 10,701 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1155D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,618 10,369 10,611 Feb 16, 17 Since Inception ,731 10,503 10,716 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1178D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,758 10,369 10,611 Feb 22, 17 Since Inception ,976 10,539 10,701 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1169D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,642 10,369 10,611 Feb 03, 17 Since Inception ,738 10,315 10,724 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1170D FEBRUARY 2017 (1) Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,750 10,369 10,611 Mar 01, 17 Since Inception ,948 10,532 10,690 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC CAPITAL BUILDER FUND MITEN LATHIA Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,948 11,691 11,691 Apr 30, 15 Last 3 Years ,764 14,586 13,640 Apr 30, 13 Last 5 Years ,324 21,693 19,286 Jan 01, 13 Since Inception ,571 21,070 19,244 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). CO-MANAGED BY PRASHANT JAIN & SHOBHIT MEHROTRA HDFC MF MIP LONG TERM PLAN Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,366 10,567 9,899 Apr 30, 15 Last 3 Years ,768 12,520 11,819 Apr 30, 13 Last 5 Years ,609 15,077 13,121 Jan 01, 13 Since Inception ,780 15,653 13,686 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 year Gilt Index. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. CO-MANAGED BY VINAY KULKARNI & SHOBHIT MEHROTRA HDFC MF MIP SHORT TERM PLAN Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,513 10,567 9,899 Apr 30, 15 Last 3 Years ,611 12,520 11,819 Apr 30, 13 Last 5 Years ,688 15,077 13,121 Jan 01, 13 Since Inception ,021 15,653 13,686 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 year Gilt Index. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI HDFC CPO - III D JANUARY 2015 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,546 10,567 10,611 Apr 30, 15 Last 3 Years ,914 12,520 12,216 Feb 12, 15 Since Inception ,042 12,551 12,424 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC DAF - I D AUGUST 2015 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,669 10,867 10,611 Sep 08, 15 Since Inception ,328 12,686 11,858 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 66 April 2018 Intouch mutually

71 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) CO-MANAGED BY ANIL BAMBOLI & MITEN LATHIA HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on Apr 30, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,691 11,238 11,691 Apr 30, 15 Last 3 Years ,597 13,236 13,640 Apr 30, 13 Last 5 Years ,592 17,565 19,286 Jan 01, 13 Since Inception ,221 17,822 19,244 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The scheme is managed by Mr. Anil Bamboli & Miten Lathia since June 27, CO-MANAGED BY CHIRAG SETALVAD & ANIL BAMBOLI HDFC MULTIPLE YIELD FUND - PLAN 2005 NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,800 10,567 10,611 Apr 30, 15 Last 3 Years ,967 12,520 12,216 Apr 30, 13 Last 5 Years ,866 15,077 14,001 Jan 01, 13 Since Inception ,923 15,653 14,405 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 1 year T-Bill Index. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. CO-MANAGED BY VINAY KULKARNI, KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC EQUITY SAVINGS FUND Date Period NAV as on Apr 30, 2018 ` (`) Apr 28, 17 Last 1 Year ,794 10,847 9,906 Apr 30, 15 Last 3 Years ,996 12,582 11,827 Apr 30, 13 Last 5 Years ,380 15,807 13,129 Jan 01, 13 Since Inception ,427 16,129 13,695 # 40% NIFTY 50 Arbitrage Index, 30% Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total Index) ## CRISIL 10 year Gilt Index. performance may not strictly be comparable with that of its, since a portion of scheme s investments are made in equity instruments. CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC DAF - II D MARCH 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,706 10,867 10,611 Apr 12, 16 Since Inception ,778 12,165 11,349 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D April 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,658 10,867 10,611 May 12, 16 Since Inception ,705 12,037 11,292 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D AUGUST 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,689 11,028 10,611 Sep 12, 16 Since Inception ,237 11,651 11,018 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D OCTOBER 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,672 11,028 10,611 Oct 25, 16 Since Inception ,063 11,590 10,918 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D NOVEMBER 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,674 10,867 10,611 Dec 07, 16 Since Inception ,948 11,417 10,832 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D JANUARY 2016 Date Period NAV as on Apr 27, 2018 ` (`) Apr 28, 17 Last 1 Year ,728 10,867 10,611 Feb 04, 16 Since Inception ,154 12,494 11,518 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. Performance of close-ended is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually April

72 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) KRISHAN KUMAR DAGA & ANIL BAMBOLI...CONTINUED CO-MANAGED BY CHIRAG SETALVAD & SHOBHIT MEHROTRA HDFC Retirement Savings Fund - Equity plan NAV as on Apr 30, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,974 11,691 11,691 Feb 25, 16 Since Inception ,063 16,780 15,862 # Nifty 500 (Total Index) ## Nifty 50 (Total Index). HDFC Retirement Savings Fund - Hybrid Debt plan NAV as on Apr 27, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,853 10,567 9,899 Feb 26, 16 Since Inception ,104 12,315 11,249 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 10 Year Gilt Index. HDFC Retirement Savings Fund - Hybrid Equity plan NAV as on Apr 30, 2018 ` Date Period (`) Apr 28, 17 Last 1 Year ,579 11,238 11,691 Feb 25, 16 Since Inception ,915 14,364 15,862 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## Nifty 50 (Total Index). Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available PERFORMANCE OF CATEGORY I - FPI PORTFOLIO (MANAGED BY PRASHANT JAIN) Managing Since (As on April 30, 2018) Last 1 year Last 3 years Last 5 years Category I - FPI (managed under a bilateral agreement under March 22, N.A. N.A. Regulation 24(b) and subject to applicable laws) - MSCI India (Total ) N.A. N.A. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualised (CAGR). Inception date is March 22, The performance is not comparable with the performance of the aforementioned scheme(s) of HDFC Mutual Fund due to differing investment objective/s and fundamental differences in asset allocation, investment strategy and the regulatory environment. The said disclosure is pursuant to SEBI Circular no. Cir/IMD/DF/7/2012 dated February 28, 2012 pertaining to Regulation 24(b) of SEBI (Mutual Funds) Regulations, FPI - Foreign Investor. 68 April 2018 Intouch mutually

73 Dividend History ^ HDFC Growth Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 18, Feb 23, Feb 22, HDFC Equity Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 17, Mar 23, Mar 22, HDFC Top 200 Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 03, Mar 09, Mar 06, HDFC Capital Builder Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Feb 22, HDFC Core & Satellite Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Feb 22, HDFC Premier Multi-Cap Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 11, Feb 16, Feb 22, HDFC Arbitrage Fund Normal Dividend Option (Past 3 months) Record Date Wholesale Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 15, Mar 22, Apr 19, Monthly Dividend Option (Past 3 months) Record Date Wholesale Plan Wholesale Plan - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 15, Mar 22, Apr 19, HDFC Large Cap Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 18, Feb 23, Mar 01, HDFC Mid-Cap Opportunities Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 23, Mar 23, Mar 01, HDFC Small Cap Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Mar 22, HDFC Balanced Fund (Past 3 quarters) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC Prudence Fund (Past 3 months) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 26, Mar 26, Apr 25, HDFC Long Term Advantage Fund (Past 3 years) Dividend Option (An open-ended equity linked savings scheme with a lock-in period of 3 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 11, Feb 16, Mar 15, HDFC TaxSaver (Past 3 years) Dividend Option (An open-ended equity linked savings scheme with a lock-in period of 3 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 10, Mar 16, Mar 15, HDFC Infrastructure Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 17, Mar 23, Mar 15, ^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to for Record Date-wise listing of dividends declared. Intouch mutually April

74 Dividend History ^ HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus) Short Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 26, Mar 26, Apr 25, Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus) Long Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 26, Mar 26, Apr 25, Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC Equity Savings Fund (Past 3 quarters) Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC Multiple Yield Fund - Plan 2005 (Past 3 years) Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 03, Mar 09, Mar 01, HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC High Interest Fund - Dynamic Plan Half-yearly (Dividend Option) (Past 2 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 27, Sep 25, Mar 26, Yearly (Dividend Option) (Past 3 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 28, Mar 27, Mar 26, HDFC High Interest Fund - Short Term Plan Normal Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others May 11, May 25, Jun 12, Jul 10, HDFC Regular Savings Fund Monthly Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jan 25, Feb 26, Apr 25, HDFC Medium Term Opportunities Fund Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC Gilt Fund Short Term Plan (Dividend Option) (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, Long Term Plan (Dividend Option) (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Dec 26, Mar 26, HDFC High Interest Fund - Dynamic Plan Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jun 27, Sep 25, Mar 26, HDFC Liquid Fund Monthly Dividend Option (Past 3 months) Record Regular Plan Direct Plan Date Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jan 29, Feb 26, Mar 26, ^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to for Record Date-wise listing of dividends declared. 70 April 2018 Intouch mutually

75 Dividend History ^ HDFC Floating Rate Income Fund - Short Term Plan Monthly Dividend Option (Past 3 months) Record Date Wholesale Option Wholesale Option - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jan 29, Feb 26, Mar 26, Record Date Retail Option Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others Jan 29, Feb 26, Mar 26, HDFC Cash Management Fund - Treasury Advantage Plan Monthly Dividend Option (Past 3 months) Record Date Retail Option Retail Option - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Jan 29, Feb 26, Mar 26, Record Date Wholesale Option Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others Jan 29, Feb 26, Mar 26, HDFC Corporate Debt Opportunities Fund Half-yearly Dividend Option (Past 2 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 27, Sep 25, Mar 26, ^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to for Record Date-wise listing of dividends declared Disclaimer: The views expressed herein are based on internal data, publicly available information and other sources believed to be reliable, but involve uncertainties that could cause actual events to differ materially from those expressed or implied in such statements. The document is given for general and information purpose and is neither an investment advice nor an offer to sell nor a solicitation. While due care has been exercised while preparing this document, HDFC Asset Management Company Limited ( HDFC AMC ) does not warrant the completeness or accuracy of the information. Neither HDFC AMC, nor any person connected with it, accepts any liability arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice. HDFC Sensex ETF, HDFC Index Fund - SENSEX Plan & SENSEX Plus Plan ( s ) is based on the S&P BSE SENSEX Index. S&P is a registered trademark of S&P Financial Services Limited (S&P). BSE and SENSEX are registered trademarks of BSE Limited. The s is not sponsored, endorsed marketed or promoted by S&P, BSE or their respective affiliates. Please refer to the Information Document for disclaimers w.r.t. S&P BSE SENSEX Index. For HDFC Nifty ETF & HDFC Index Fund - NIFTY Plan: The of HDFC Mutual Fund (the Product(s) ) are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ( IISL ). 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An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it. Visit us at Telephone Services Toll-free number: / WANT TO HAVE THE LATEST INFORMATION ABOUT US? For any query or suggestions:- Investors may contact us at: cliser@hdfcfund.com Distributors may contact us at: broser@hdfcfund.com SMS: HDFCMF to Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Intouch mutually April

76 regular income over short term to generate income through a portfolio comprising money market and debt instruments