FACTSHEET. 30 June 2017

Transcription

1 FACTSHEET 30 June

2 Index Commentary - Equity Outlook 1 Commentary - Debt Outlook 4 IDFC Classic Equity Fund 5 IDFC Sterling Equity Fund 6 IDFC Premier Equity Fund 7 IDFC Focused Equity Fund 8 IDFC Equity Fund 9 IDFC Nifty Fund 10 IDFC Infrastructure Fund 11 IDFC Tax Advantage (ELSS) Fund 12 IDFC Arbitrage Fund 13 IDFC Arbitrage Plus Fund 14 IDFC Sensex Exchange Traded Fund 15 IDFC Nifty Exchange Traded Fund 15 IDFC Dynamic Equity Fund 16 IDFC Balanced Fund 17 IDFC Monthly Income Plan 18 IDFC Asset Allocation Fund of Funds 19 IDFC All Seasons Bond Fund 20 IDFC Cash Fund 21 IDFC Ultra Short Term Fund 22 IDFC Money Manager Fund Treasury Plan 23 IDFC Money Manager Fund Investment Plan 24 IDFC Banking & PSU Debt Fund 25 IDFC Super Saver Income Fund Short Term 26 IDFC Corporate Bond Fund 27 IDFC Credit Opportunities Fund 28 IDFC Super Saver Income Fund Medium Term 29 IDFC Super Saver Income Fund Investment Plan 30 IDFC Dynamic Bond Fund 31 IDFC Government Securities Fund Short Term Plan 32 IDFC Government Securities Fund Provident Fund Plan 33 IDFC Government Securities Fund Investment Plan 33 Performance Table 34 SIP Performance 37 Dividend History 39 Fund Manager Details 41 Investment Objective 41 2

3 Commentary - Equity Outlook Mr. Anoop Bhaskar Head - Equity WHAT WENT BY At the half way mark of 2017, the NIFTY, NSE Mid Cap and NSE Small cap returns from the bottom of Aug-13 had climbed to 80%, 175% and 184% respectively for the three indices. The current bull market started when the taper tantrum was getting calmed by August-2013 the heroic Dr Rajan took over as RBI Governor in September 13. Announcement of Mr Narendra Modi as the BJP s Prime Ministerial candidate, brought hope of political stability and the first cracks in India s FX nemesis crude oil and gold were getting visible. The unexpected improvement in both these commodities and an unprecedented political victory for the BJP were the early drivers of the current uptrend. To understand where we stand in the current bull market, we have compared it to the market movement from , which includes the great bull run of The market movement could be divided into 2 phases: Phase 1 Market anticipation of an earnings recovery, returns from PE rerating: Markets bottomed in Sep-2001, after a sharp fall post 9/11. For the next 2 years, till December-03, markets rallied sharply in anticipation of an economic recovery. For the period Sep-01 to Dec-03, NIFTY, NSE Mid Cap and NSE Small Cap gave annualized returns of 38%, 66% and 77% respectively. But these returns were more in hope of an earnings recovery, as actual Sensex EPS grew -4% CAGR during the period. As in case of an economic recovery, market expected mid & small caps to post higher earnings growth and hence these stocks gave almost 2x returns as compared to large cap stocks. Phase 2 Earnings growth driving markets, returns driven by strong earnings growth: From Dec-03 onwards, markets first corrected over the next few months on account of earnings disappointment and 2004 general election outcome going against the consensus expectations. Markets recovered as earnings picked up from 2004 onwards. SENSEX earnings grew at a strong 23% CAGR over the 4-year period from This earnings recovery boosted markets further resulting in a more broad based rally NIFTY, NSE Mid Cap and NSE Small Cap annualized returns of 34%, 40% and 52% respectively. Return dispersion between large / mid and small caps narrowed as compared to the Phase 1, primarily driven by earnings growth across market segments. Sep'01 to Dec'03 Dec'03 to Dec'07 Dec'13 to Jun-17 Earning CAGR Return CAGR Earning CAGR Return CAGR Earning CAGR Return CAGR SENSEX Index -4% 38% 23% 37% 4% 16% NIFTY Index 38% 23% 34% 4% 17% NIFTYJR Index 66% 38% 8% 28% NSEMCAP Index 77% 40% 6% 30% NSESMCP Index 52% -1% 32% BSE500 Index 57% 21% 38% 4% 21% Source: Bloomberg In the current bull market, we seem to be similar to Phase 1 of the period: Coming back to the current rally, from the bottom of Aug-13 to Jun-17, earnings have only growth at an annualized rate of 4%. But NIFTY, NSE Midcap and NSE Smallcap indices have generated annualized returns of 17%, 30% and 32% respectively in anticipation of an earnings recovery. As in the previous rally, mid & small cap indices have given almost 2x returns as compared to large caps. The next leg of the rally has to be driven by strong earnings growth. We have seen a 5 year period of very low earnings growth. If we look at decadal earnings growth, from , Sensex EPS grew at a CAGR of 18%; between , Sensex EPS grew at a CAGR of 15% between , SENSEX EPS has grown at a CAGR of only 7% In the long term, earnings growth should mirror nominal GDP growth and with nominal GDP growing double digits, earnings are expected to catch up. An EPS CAGR of 17% from will push the decadal earnings growth to only 10%. 1

4 3,000 Sensex EPS 2,500 2,000 1, s: EPS Growth Rate 18% 2000s: EPS Growth Rate 15% 2010s: EPS Growth Rate 7% EPS CAGR of 17% from will only push up earnings Growth to 10% 1, Source: Bloomberg, Internal Research Initial green shoots of earnings recovery are visible in the last couple of quarters with BSE200 earnings growth of 16% in both Q3 and Q4 FY 17. This is the highest earnings growth posted since Sep-13. FY 17 earnings for the BSE200 Index grew 10% as compared to 5%, 8%, 6%, -3% in FY 13, FY 14, FY 15 and FY 16 respectively. The immediate recovery will be led by cyclicals like corporate banks, commodities and oil & gas sectors. In the medium term, we expect discretionary sectors like Autos, Cement, and Building Materials etc., to post robust earnings growth. Finally a word on GST, which has been implemented from 1st July This is expected to change the way business is done. Though, a near term disruption is expected as unorganized and small businesses grapple to come to terms with a more organized way of doing business, GST is expected to be beneficial to the economy over the long term improving efficiency and tax compliance. We expect the shift from unorganized to organized to be more gradual as loop holes in the implementation get ironed out over time. We also expect unorganized businesses to adapt their business models or get organized in an effort to remain relevant. Going forward, we expect companies with modern trade focus and higher proportion of direct distribution to benefit. As the implementation of GST becomes more robust, we expect the economy to become more and more organized with new regional players emerging to take on national leaders. The biggest beneficiary of GST will be Government finances state as well as Centre, as tax collection should be boosted over the coming years. The multiple benefits of improved Government finances should salivate any long term equity investor! 2

5 Introducing the Returns vs Earnings Heat Map Quarterly Returns Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Return CAGR SENSEX Index -7% 18% 6% 14% 5% 3% 2% -1% -6% 0% -3% 7% 3% -4% 11% 6% 16% NIFTY Index -9% 19% 6% 14% 5% 4% 3% -1% -5% 0% -3% 7% 4% -5% 12% 5% 17% NIFTYJR Index -11% 25% 4% 22% 3% 10% 4% 2% -1% 2% -6% 9% 12% -7% 17% 6% 28% NSEMCAP Index -11% 24% 7% 29% 3% 10% 3% 0% 0% 3% -5% 8% 12% -7% 20% 5% 30% NSESMCP Index -11% 31% 9% 46% -8% 7% 7% -5% -2% 8% -14% 19% 6% -6% 21% 6% 32% BSE500 Index -9% 21% 6% 18% 4% 5% 3% -1% -4% 1% -4% 8% 6% -6% 14% 6% 21% Yearly Earnings Growth FY 13 FY 14 FY 15 FY 16 FY 17 Earning CAGR SENSEX Index 2% 23% -11% 10% -3% 4% NIFTY Index 3% 17% -8% 5% 5% 4% NIFTYJR Index 10% 18% 11% -34% 51% 8% NSEMCAP Index 2% 10% 0% 7% 11% 6% NSESMCP Index -10% 53% -34% 4% 0% -1% BSE500 Index -1% 19% -10% -1% 14% 4% Source: Bloomberg, Internal Research the bottom of Aug-13, NIFTY, NIFTY JR, NSE Midcap and NSE Small Cap indices have given returns of 17%, 28%, 30% and 32% respectively. During the period FY 13 to FY 17, the earnings growth for these indices has been 4%, 8%, 6% and -1% respectively. Out of the 16 quarters in the above heat-map, small caps have given the highest returns in 8 quarters, mid-caps in 4 quarters and large caps in 4 quarters. In general, stocks across market capitalization levels have seen a PE rating with returns in excess of earnings growth. Mid-Cap indices have grown the most over the period with 8% earnings CAGR for NIFTYJR Index. Though small cap stocks have also given robust returns, but these returns haven t been backed by earnings growth (-1% CAGR). As can be seen, there has been a strong rerating of these stocks in the last 1-2 years as these stocks consistently outperformed the broader indices. Given the strong rally in this segment, the earnings growth expectation that has been built up may be on the higher side. Equity Markets Index % Change YTD % Change MTD P/E Nifty 9, % -1.04% Sensex 30, % -0.72% Dow Jones 21, % 1.62% Shanghai 3, % 2.41% Nikkei 20, % 1.95% Hang Sang 25, % 0.41% FTSE 7, % -2.76% MSCI E.M. (USD) 1, % 0.54% MSCI D.M.(USD) 1, % 0.25% MSCI India (INR) 1, % -0.89% Currency & Commodities Last Price % Change YTD % Change MTD USD / INR % 0.10% Dollar Index % -1.34% Gold 1, % -2.16% Crude OIL WTI (Nymex) % -4.72% Brent Crude % -4.75% India Macro Analysis Latest Equity Flows USD Mn GDP 6.10 FII (USD mln) IIP 3.10 YTD Inflation (WPI Monthly) 2.17 MTD 610 Inflation (CPI Monthly) 2.18 *DII (USD mln) Commodity (CRB Index) YTD 6,220 MTD 1,218 Source: Bloomberg, SEBI Data as on 29 th June

6 Commentary - Debt Outlook Mr. Suyash Choudhary Head - Fixed Income WHAT WENT BY On the domestic front, India s inflation continued to undershoot expectations, with CPI hitting a record low of 2.18% in May 17 compared to 2.99% in the previous month. The recent sharp decline in the inflation reading has been due to the significant fall in the prices of vegetables and pulses. WPI too declined to 2.18% compared to 3.88% in the previous month led by fall in food and fuel inflation. The ten-year benchmark bond yield ended the month at 6.51%, 15bps lower than previous month owing to expectations of rate cut in the coming months. While in the June 7th policy meet, RBI maintained a neutral stance and kept the policy rates unchanged, the minutes of the monetary policy meeting released showed that one of the members advocated a 50bps rate cut. The remaining five members opted for a pause while awaiting few more prints of inflation. Banking system s liquidity during the month inched lower on the back of increased currency in circulation and outflows due to quarterly advance tax payment. The average liquidity surplus for the month of June 17 stood at INR 3,075bn compared to INR 3,403bn last month. India s Current Account Deficit (CAD) declined to USD 3.4Bn in Q4 FY 17 (0.6% of GDP) from USD 8Bn (1.4% of GDP) in the previous quarter. However, on YoY CAD was higher than previous year s Q4FY16 reading of USD 0.3bn (0.1% of GDP) on account of higher trade deficit numbers. For the whole year, CAD stood at USD 15.2bn (0.7% of GDP) compared to USD 22.1bn in FY16 (1.1% of GDP). Supported by robust FPI inflows, Balance of Payment (BoP) surplus stood at USD 7.3bn in Q4FY17 significantly higher than a surplus of USD 3.3bn seen in Q4FY16. On the global front, US once again raised its fed rate by 25bps, third time in six months and fourth so far since it began normalising the monetary policy from December 15. It has also indicated at one more rate hike this year followed by three hikes next year. The hike in rate was in spite of concerns over inflation not meeting their target of 2%. The FOMC s median projection for inflation forecast has been dropped to 1.6% in 2017, down from the 1.9% previously forecast. US economic growth forecasted is 2.2% in 2017, marginal increase from previous projection. The US Federal Reserve has also announced that it would begin the process of shrinking its balance sheet without indicating the start date, but this would be dependent on how the economy evolves. GOING FORWARD We have been running significant duration positions in spread assets including SDL, Uday and corporate bonds since February / March. They were available at stress valuations then and have performed well since. However, the trade also had limited period shelf life, given that supply on spread assets rises continually over the next few quarters. Indeed, the Q2 SDL calendar announced recently is more than 50% higher than actual issuances in Q1. In preparation for this, we have been steadily reducing positions in duration (10 year and beyond) SDL, Uday, corporate bonds and switching the positions into government bonds. With this, our exposure in such duration spread assets in our bond and gilt funds is now very little and our preference for the time ahead is to run such duration positions now with government bonds. This will also make flexible duration management easier which may be helpful in the months ahead. However, we continue to like these spread bonds in the 5 6 year maturity and below; given the handsome carry that they provide even with respect to corresponding corporate bonds. Short term and medium term funds continue to look good given the attractive spread between overnight rate and front end bonds. 4

7 IDFC Classic Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Classic Equity fund is a diversified equity fund with a large cap bias currently. The focus of the fund is to build a portfolio of Quality companies while being cognizant of the relative valuation. Nature: Equity Monthly Avg AUM: `1, Crores Month end AUM: ` Crores Date: 9 August 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Beta 1.04 R Square 0.91 Standard Deviation (Annualized) 14.06% Sharpe* 0.60 Portfolio Turnover Equity 0.29 Aggregate^ 1.72 Regular 2.21% Direct 0.99% Benchmark: S&P BSE 200 SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1% if redeemed within 365 days from the date of allotment. (w.e.f. 10th May 2016) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable % of NAV Sagar Cements 0.56% Pharmaceuticals 3.62% Indoco Remedies 1.46% Cadila Healthcare 0.92% Lupin 0.62% Sun Pharmaceutical Industries 0.62% Power 3.42% Power Grid Corporation of India 1.33% Nava Bharat Ventures 1.05% NTPC 1.03% Construction Project 3.33% Larsen & Toubro 1.11% Larsen & Toubro - Equity Futures 2.23% Gas 2.97% GAIL (India) 1.37% GAIL (India) - Equity Futures 0.81% Petronet LNG 0.78% Retailing 2.77% Future Retail 1.74% Future Lifestyle Fashions 1.03% Industrial Capital Goods 2.54% Bharat Electronics 1.36% Skipper 0.73% CG Power and Industrial Solutions 0.45% Hotels, Resorts And Other Recreational Activities 1.78% The Indian Hotels Company 1.19% Taj GVK Hotels & Resorts 0.58% Industrial Products 1.64% Bharat Forge 1.12% Bharat Forge - Equity Futures 0.52% Ferrous Metals 1.54% JSW Steel 1.06% Jindal Steel & Power 0.49% Consumer Durables 1.15% Sheela Foam 0.65% Crompton Greaves Consumer Electricals 0.49% Non - Ferrous Metals 1.05% Hindalco Industries 1.05% Chemicals 1.00% Deepak Nitrite 1.00% Fertilisers 0.97% Coromandel International 0.97% Oil 0.73% Oil & Natural Gas Corporation 0.73% Textile Products 0.58% Dollar Industries 0.58% Miscellaneous 0.56% Eris Lifesciences 0.56% Media & Entertainment 0.46% Dish TV India 0.46% Construction 0.14% PSP Projects 0.14% Preference Shares 0.02% Media & Entertainment 0.02% Zee Entertainment Enterprises 0.02% Net Cash and Cash Equivalent 7.20% Top 10 Equity Holdings Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Aug 09, 2005 Monthly SIP of ` 10,000 in IDFC Classic Equity Fund - Regular Plan - Growth Aug 09, 2005 SIP PERFORMANCE 7 Years 10 Years 1 Year % of NAV Equity and Equity related Instruments 92.78% Banks 19.69% HDFC Bank 4.53% HDFC Bank - Equity Futures 2.83% IndusInd Bank 3.21% Axis Bank 1.62% State Bank of India 1.41% ICICI Bank 1.25% RBL Bank 1.22% The Federal Bank 1.11% Kotak Mahindra Bank 0.88% Punjab National Bank 0.64% Bank of Baroda 0.52% The Karnataka Bank 0.47% Finance 8.39% HDFC - Equity Futures 1.53% Max Financial Services 1.25% ICICI Prudential Life Insurance Company 1.18% Housing Development Finance Corporation 1.07% SREI Infrastructure Finance 1.05% Magma Fincorp 0.81% Mahindra & Mahindra Financial Services 0.77% Credit Analysis and Research 0.75% Petroleum Products 6.98% Reliance Industries 3.03% Indian Oil Corporation 1.44% Bharat Petroleum Corporation 0.89% Castrol India 0.89% Hindustan Petroleum Corporation 0.72% Consumer Non Durables 6.53% ITC 4.57% ITC - Equity Futures 0.77% Tata Coffee 0.60% DCM Shriram 0.59% Auto 6.28% Hero MotoCorp 1.66% Hero MotoCorp - Equity Futures 0.73% Tata Motors - Equity Futures 1.60% Mahindra & Mahindra 1.39% Bajaj Auto 0.89% Auto Ancillaries 5.31% Minda Industries 1.35% Apollo Tyres 1.29% Apollo Tyres - Equity Futures 0.73% MRF 1.17% Exide Industries 0.77% Software 5.06% Infosys 1.85% HCL Technologies 1.08% HCL Technologies - Equity Futures 0.40% Mastek 0.81% Wipro 0.60% Persistent Systems 0.32% Cement 4.28% Ambuja Cements 1.57% Deccan Cements 0.92% UltraTech Cement 0.65% The Ramco Cements 0.58% 3 Years 5 Years Jan 01, 2013 Aug 09, 2005 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,30,000 Total Value as on June 30, 2017 (`) 1,35,594 4,62,689 9,17,391 14,18,910 22,96,713 30,14,408 Fund Returns (%) Total Value of S&P BSE 200 # 1,31,643 4,26,624 8,44,201 12,91,630 21,46,516 28,58,048 S&P BSE 200 Returns (%) # Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 20,20,097 27,00,614 Nifty 50 Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, INDUSTRY ALLOCATION Banks 19.69% Industrial Capital Goods 2.54% Finance 8.39% Hotels, Resorts And Other Petroleum Products 6.98% Recreational Activities 1.78% Consumer Non Durables 6.53% Industrial Products 1.64% Auto 6.28% Ferrous Metals 1.54% Auto Ancillaries 5.31% Consumer Durables 1.15% Software 5.06% Non - Ferrous Metals 1.05% Cement 4.28% Chemicals 1.00% Pharmaceuticals 3.62% Fertilisers 0.97% Power 3.42% Oil 0.73% Construction Project 3.33% Textile Products 0.58% Gas 2.97% Miscellaneous 0.56% Retailing 2.77% Media & Entertainment 0.46% Construction 0.14% Jan 01, 2013 IDFC Classic Equity Fund 25.46% 14.71% 16.96% 12.63% 12,546 15,099 21,905 41, % 16.42% NA 15.40% 12,753 15,786 NA 19,039 S&P BSE 200 # 18.08% 9.91% 14.16% 12.82% 11,808 13,280 19,406 42, % 9.91% NA 12.47% 11,808 13,280 NA 16,961 Nifty 50 ## 14.88% 7.74% 12.50% 12.60% 11,488 12,509 18,036 41, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). 5 # Benchmark Returns. ## Alternate Benchmark Returns.

8 IDFC Sterling Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Sterling Equity Fund is a mid/small cap fund that focuses on active stock selection strategy. Nature: Equity Monthly Avg AUM: ` 1, Crores Month end AUM: ` Crores Date: 7 March 2008 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Beta 1.04 R Square 0.82 Standard Deviation (Annualized) 16.53% Sharpe* 0.74 Portfolio Turnover Equity 0.33 Aggregate^ 0.39 Regular 2.16% Direct 1.37% Benchmark: Nifty Free Float Midcap 100 SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment. (w.e.f. 7th September, 2015) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the mid cap segment. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 12.26% Auto Ancillaries 9.46% Retailing 9.30% Construction Project 8.96% Finance 7.43% Cement 6.78% Industrial Capital Goods 5.76% Media & Entertainment 3.81% Consumer Non Durables 3.53% Pharmaceuticals 3.46% Software 3.30% Consumer Durables 2.98% INDUSTRY ALLOCATION % of NAV Procter & Gamble Hygiene and Health Care 1.38% Linc Pen & Plastics 0.48% Pharmaceuticals 3.46% Aurobindo Pharma 1.50% Hikal 1.26% Indoco Remedies 0.69% Software 3.30% Cyient 1.32% Persistent Systems 1.30% Tech Mahindra 0.68% Consumer Durables 2.98% Crompton Greaves Consumer Electricals 1.86% Greenply Industries 0.94% HPL Electric & Power 0.18% Transportation 2.70% VRL Logistics 2.70% Industrial Products 2.49% KEI Industries 1.59% Bharat Forge 0.90% Petroleum Products 2.38% Hindustan Petroleum Corporation 1.58% Castrol India 0.81% Hotels, Resorts And Other Recreational Activities 2.27% Wonderla Holidays 1.26% The Indian Hotels Company 1.01% Textile Products 2.18% K.P.R. Mill 1.35% Dollar Industries 0.83% Power 1.93% Nava Bharat Ventures 1.00% CESC 0.93% Gas 1.90% Petronet LNG 1.19% Gujarat Gas 0.71% Chemicals 1.72% Deepak Nitrite 1.38% Gujarat Alkalies and Chemicals 0.34% Miscellaneous 0.98% Dishman Carbogen Amcis 0.98% Ferrous Metals 0.85% Jindal Steel & Power 0.85% Fertilisers 0.79% Gujarat State Fertilizers & Chemicals 0.79% Oil 0.31% Oil India 0.31% Net Cash and Cash Equivalent 2.47% Top 10 Equity Holdings Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Mar 07, 2008 Monthly SIP of ` 10,000 in IDFC Sterling Equity Fund - Regular Plan - Growth Mar 07, 2008 % of NAV Equity and Equity related Instruments 97.53% Banks 12.26% IndusInd Bank 3.96% Union Bank of India 1.62% The Karnataka Bank 1.21% Bank of Baroda 1.08% The Federal Bank 1.00% Lakshmi Vilas Bank 0.92% Punjab National Bank 0.76% RBL Bank 0.11% RBL Bank - Equity Futures 1.60% Auto Ancillaries 9.46% Minda Industries 2.90% Igarashi Motors India 1.74% Exide Industries 1.74% WABCO India 1.06% Asahi India Glass 1.04% MRF 0.99% Retailing 9.30% Future Retail 5.96% V-Mart Retail 2.15% Aditya Birla Fashion and Retail 1.19% Construction Project 8.96% KEC International 3.18% Engineers India 2.21% Voltas 1.88% NCC 1.68% Finance 7.43% Bajaj Finance 3.53% Magma Fincorp 1.20% Max Financial Services 1.12% Equitas Holdings 0.93% Mahindra & Mahindra Financial Services 0.65% Cement 6.78% The Ramco Cements 4.72% JK Lakshmi Cement 1.50% Sagar Cements 0.56% Industrial Capital Goods 5.76% Lakshmi Machine Works 1.63% TD Power Systems 1.25% Skipper 1.12% CG Power and Industrial Solutions 0.96% Bharat Electronics 0.80% Media & Entertainment 3.81% PVR 1.45% Zee Entertainment Enterprises 1.25% Entertainment Network (India) 1.11% Consumer Non Durables 3.53% HBL Power Systems 1.68% SIP PERFORMANCE 7 Years Jan 01, 2013 Mar 07, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 11,20,000 Total Value as on June 30, 2017 (`) 1,42,788 4,82,585 10,39,505 16,80,424 30,02,100 Fund Returns (%) Total Value of Nifty Free Float Midcap 100 # 1,34,812 4,72,197 10,19,960 15,66,050 25,04,689 Nifty Free Float Midcap 100 Returns (%) # Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 18,70,591 Nifty 50 Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Transportation 2.70% Industrial Products 2.49% Petroleum Products 2.38% Hotels, Resorts And Other Recreational Activities 2.27% Textile Products 2.18% Power 1.93% Gas 1.90% Chemicals 1.72% Miscellaneous 0.98% Ferrous Metals 0.85% Fertilisers 0.79% Oil 0.31% Jan 01, 2013 IDFC Sterling Equity Fund 33.95% 18.45% 21.00% 18.36% 13,395 16,628 25,968 48, % 19.44% NA 20.14% 13,519 17,048 NA 22,819 Nifty Free Float Midcap 28.32% 16.89% 19.23% 11.36% 12,832 15,977 24,116 27, % 16.89% NA 17.45% 12,832 15,977 NA 20, # Nifty 50 ## 14.88% 7.74% 12.50% 7.69% 11,488 12,509 18,036 19, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 6

9 IDFC Premier Equity Fund An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Premier Equity Fund is a multi-cap Equity Fund. It is a fund that encourages systematic investing. The fund in the past has been opened for lump sum investments for a limited time periods. Nature: Equity Monthly Avg AUM: ` 5, Crores Month end AUM: ` Crores Date: 28 September 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Beta 0.93 R Square 0.77 Standard Deviation (Annualized) 14.04% Sharpe* 0.67 Portfolio Turnover Equity 0.22 Aggregate^ 0.28 Regular 2.00% Direct 1.32% Benchmark: S&P BSE 500 SIP (Minimum Amount): ` 2,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 10,000/- and any (During the period when the fund is open for lump sum subscription) Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September, 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable Finance 12.58% Consumer Non Durables 10.33% Transportation 8.22% Industrial Products 7.41% Banks 7.19% Pharmaceuticals 5.33% Auto 5.16% Chemicals 4.07% Construction Project 3.70% Ferrous Metals 3.52% Engineering Services 3.50% Gas 3.20% IT Consulting & Other Services 2.83% INDUSTRY ALLOCATION % of NAV Engineering Services 3.50% VA Tech Wabag 3.50% Gas 3.20% Gujarat State Petronet 3.20% IT Consulting & Other Services 2.83% Cognizant Technology Solutions Corp - International Equities 2.83% Textile Products 2.53% Page Industries 2.53% Auto Ancillaries 2.35% MRF 0.81% Minda Industries 0.79% Precision Camshafts 0.76% Commercial Services 2.35% 3M India 2.35% Cement 2.34% Ambuja Cements 2.34% Textiles - Cotton 2.02% RSWM 1.08% Vardhman Textiles 0.94% Industrial Capital Goods 2.01% Bharat Electronics 0.91% Disa India 0.69% Kennametal India 0.41% Media & Entertainment 1.71% Entertainment Network (India) 1.16% Dish TV India 0.55% Construction 1.42% Poddar Housing and Development 0.78% ITD Cementation India 0.64% Consumer Durables 1.42% Bata India 1.42% Petroleum Products 1.29% Castrol India 1.29% Miscellaneous 0.84% Eris Lifesciences 0.84% Retailing 0.22% Future Retail 0.22% Hotels, Resorts And Other Recreational Activities 0.21% EIH 0.21% Preference Shares 0.14% Media & Entertainment 0.14% Zee Entertainment Enterprises 0.14% Net Cash and Cash Equivalent 2.12% Top 10 Equity Holdings Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Sep 28, 2005 Monthly SIP of ` 10,000 in IDFC Premier Equity Fund -Regular Plan - Growth Sep 28, 2005 % of NAV Equity and Equity related Instruments 97.74% Finance 12.58% JM Financial 3.45% ICICI Prudential Life Insurance Company 2.89% Multi Commodity Exchange of India 1.84% Max Financial Services 1.59% Bharat Financial Inclusion 1.46% Shriram City Union Finance 0.94% CRISIL 0.41% Consumer Non Durables 10.33% Asian Paints 2.98% Balrampur Chini Mills 2.38% Procter & Gamble Hygiene and Health Care 1.90% Britannia Industries 1.33% Mcleod Russel India 1.25% S H Kelkar and Company 0.49% Transportation 8.22% Container Corporation of India 3.27% Blue Dart Express 2.67% TCI Express 1.16% Transport Corporation of India 1.12% Industrial Products 7.41% Greaves Cotton 3.05% FAG Bearings India 2.84% Kirloskar Pneumatic Co. 0.77% Ingersoll Rand (India) 0.76% Banks 7.19% HDFC Bank 3.07% Kotak Mahindra Bank 2.26% City Union Bank 1.08% RBL Bank 0.77% Pharmaceuticals 5.33% Sun Pharmaceutical Industries 1.74% Natco Pharma 1.53% Suven Life Sciences 1.24% Aurobindo Pharma 0.83% Auto 5.16% Maruti Suzuki India 3.18% Ashok Leyland 1.98% Chemicals 4.07% Tata Chemicals 2.39% Pidilite Industries 1.04% Atul 0.64% Construction Project 3.70% Voltas 3.25% Power Mech Projects 0.45% Ferrous Metals 3.52% APL Apollo Tubes 3.52% SIP PERFORMANCE 7 Years 10 Years Jan 01, 2013 Sep 28, 2005 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,20,000 Total Value as on June 30, 2017 (`) 1,32,702 4,37,262 9,75,026 16,18,205 32,48,807 49,14,609 Fund Returns (%) Total Value of S&P BSE 500 # 1,32,623 4,32,078 8,59,592 13,11,936 21,75,445 28,38,560 S&P BSE 500 Returns (%) # Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 20,20,097 26,56,426 Nifty 50 Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Textile Products 2.53% Auto Ancillaries 2.35% Commercial Services 2.35% Cement 2.34% Textiles - Cotton 2.02% Industrial Capital Goods 2.01% Media & Entertainment 1.71% Construction 1.42% Consumer Durables 1.42% Petroleum Products 1.29% Miscellaneous 0.84% Retailing 0.22% Hotels, Resorts And Other Recreational Activities 0.21% IDFC Premier Equity Fund 16.57% 15.61% 21.08% 20.14% 11,657 15,460 26,051 86, % 16.48% NA 19.29% 11,748 15,812 NA 22,097 S&P BSE 500 # 19.48% 10.40% 14.53% 11.87% 11,948 13,459 19,721 37, % 10.40% NA 12.86% 11,948 13,459 NA 17,225 Nifty 50 ## 14.88% 7.74% 12.50% 11.67% 11,488 12,509 18,036 36, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. Jan 01,

10 IDFC Focused Equity Fund (The Fund was earlier known as IDFC Imperial Equity Fund) $$ An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Focused Equity Fund is a concentrated portfolio of up to 30 stocks with the flexibility to invest across sectors and across market cap. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 16 March 2006 Fund Manager: Mr. Sumit Agrawal (w.e.f. 20th October 2016) Beta 1.00 R Square 0.90 Standard Deviation (Annualized) 13.73% Sharpe* 0.40 Portfolio Turnover Equity 1.77 Aggregate^ 2.36 Regular 2.62% Direct 1.69% Benchmark: Nifty 50 SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Monthly SIP of ` 10,000 in IDFC Focused Equity Fund - Regular Plan - Growth % of NAV Equity and Equity related Instruments 93.18% Banks 18.13% RBL Bank 4.29% Kotak Mahindra Bank 3.93% IndusInd Bank 3.57% The South Indian Bank 3.35% Lakshmi Vilas Bank 2.99% Finance 17.12% PNB Housing Finance 4.24% SREI Infrastructure Finance 4.12% Bajaj Finance 3.98% Rane Holdings 2.53% AU Small Finance Bank 2.25% Miscellaneous 10.17% Dishman Carbogen Amcis 4.29% Central Depository Services (India) 2.48% Eris Lifesciences 2.41% Amulya Leasing And Finance 1.00% Auto 8.56% Maruti Suzuki India 4.97% Eicher Motors 3.59% Industrial Capital Goods 5.09% Bharat Electronics 3.98% Skipper 1.11% Banks 18.13% Finance 17.12% Miscellaneous 10.17% Auto 8.56% Industrial Capital Goods 5.09% Software 4.97% Consumer Durables 4.69% Retailing 4.33% SIP PERFORMANCE INDUSTRY ALLOCATION % of NAV Software 4.97% Infosys 4.97% Consumer Durables 4.69% Titan Company 4.69% Retailing 4.33% Avenue Supermarts 4.33% Gas 3.65% Petronet LNG 3.65% Textile Products 3.54% Dollar Industries 3.54% Construction 3.21% Kajaria Ceramics 3.21% Auto Ancillaries 2.86% Minda Industries 2.86% Cement 2.38% Sagar Cements 2.38% Hotels, Resorts And Other Recreational Activities 2.26% The Indian Hotels Company 2.26% IT Consulting & Other Services 2.20% Cognizant Technology Solutions Corp - International Equities 2.20% Net Cash and Cash Equivalent 6.82% Top 10 Equity Holdings 7 Years 10 Years Mar 16, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,60,000 Total Value as on June 30, 2017 (`) 1,43,782 4,57,699 8,79,150 13,17,230 21,77,424 26,73,052 Fund Returns (%) Total Value of Nifty 50 Index # 1,30,496 4,12,973 7,98,527 12,21,347 20,20,097 24,42,552 Nifty 50 Index Returns (%) # Total Value of S&P BSE SENSEX ## 1,30,881 4,08,394 7,84,765 11,97,833 19,75,338 23,76,860 S&P BSE SENSEX Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Gas 3.65% Textile Products 3.54% Construction 3.21% Auto Ancillaries 2.86% Cement 2.38% Hotels, Resorts And Other Recreational Activities 2.26% IT Consulting & Other Services 2.20% will be at Moderately High risk To create wealth over a long period of time. Investment in a concentrated portfolio of equity and equity related instruments of up to 30 companies. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Mar 16, 2006 Mar 16, 2006 Jan 01, Year 3 Years 5 Years Jan 01, 2013 IDFC Focused Equity Fund 31.12% 11.76% 13.84% 11.50% 13,112 13,963 19,130 34, % 13.33% NA 13.97% 13,300 14,560 NA 18,004 Nifty 50 # 14.88% 7.74% 12.50% 10.05% 11,488 12,509 18,036 29, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 S&P BSE Sensex ## 14.53% 6.75% 12.13% 9.69% 11,453 12,167 17,740 28, % 6.75% NA 10.70% 11,453 12,167 NA 15,792 The fund is being managed by Mr. Sumit Agrawal (w.e.f. 20th October 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. $$ The strategy of the Fund has been changed from large cap to focused fund 8

11 IDFC Equity Fund (The Fund has been repositioned with effect from April 18, 2017) $$ An Open Ended Equity Fund Style Growth Blend Value Size Large Cap Mid Cap Small Cap About the Fund: IDFC Equity Fund focuses on investing predominantly in Large Cap stocks. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 June 2006 Fund Manager: Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017) Beta 0.97 R Square 0.96 Standard Deviation (Annualized) 12.79% Sharpe* 0.20 Portfolio Turnover Equity 0.79 Aggregate^ 0.90 Regular 2.54% Direct 1.74% Benchmark: S&P BSE 100 (w.e.f. April 18, 2017) SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Monthly SIP of ` 10,000 in IDFC Equity Fund - Regular Plan - Growth % of NAV Equity and Equity related Instruments 98.25% Banks 20.25% HDFC Bank 7.08% ICICI Bank 4.14% Kotak Mahindra Bank 2.30% IndusInd Bank 2.11% RBL Bank 2.06% State Bank of India 1.44% Lakshmi Vilas Bank 1.11% Finance 11.89% Housing Development Finance Corporation 3.52% PNB Housing Finance 2.40% Bajaj Finance 2.06% ICICI Prudential Life Insurance Company 1.38% Magma Fincorp 1.37% GIC Housing Finance 1.15% Consumer Non Durables 9.11% ITC 4.87% Hindustan Unilever 1.95% Tata Coffee 0.99% Marico 0.76% Britannia Industries 0.55% Auto 8.43% Maruti Suzuki India 3.20% Mahindra & Mahindra 2.03% Hero MotoCorp 1.95% Eicher Motors 1.22% Tata Motors 0.03% Software 7.39% Infosys 4.15% NIIT Technologies 1.17% HCL Technologies 1.09% Tech Mahindra 0.98% Petroleum Products 5.89% Reliance Industries 3.32% Castrol India 0.97% Indian Oil Corporation 0.93% Bharat Petroleum Corporation 0.67% Cement 4.68% Ambuja Cements 1.30% UltraTech Cement 1.19% Shree Cements 1.15% Deccan Cements 1.05% SIP PERFORMANCE INDUSTRY ALLOCATION % of NAV Construction Project 4.31% Larsen & Toubro 4.31% Pharmaceuticals 3.87% Aurobindo Pharma 1.29% Cadila Healthcare 1.15% Indoco Remedies 0.84% Alkem Laboratories 0.56% Sun Pharmaceutical Industries 0.04% Power 3.32% Power Grid Corporation of India 2.37% Nava Bharat Ventures 0.95% Consumer Durables 3.02% Titan Company 1.58% Mirza International 1.44% Retailing 2.57% Avenue Supermarts 2.57% Auto Ancillaries 2.19% Exide Industries 1.16% MRF 1.03% Gas 1.91% Petronet LNG 1.36% GAIL (India) 0.54% Miscellaneous 1.76% Central Depository Services (India) 1.76% Textile Products 1.42% Dollar Industries 1.42% Construction 1.36% PSP Projects 1.36% Industrial Capital Goods 1.21% Bharat Electronics 1.21% Ferrous Metals 1.11% Tata Steel 1.11% Hotels, Resorts And Other Recreational Activities 1.02% Taj GVK Hotels & Resorts 1.02% Transportation 0.93% VRL Logistics 0.93% Oil 0.62% Oil & Natural Gas Corporation 0.62% Net Cash and Cash Equivalent 1.75% Top 10 Equity Holdings 7 Years 10 Years Jun 09, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,30,000 Total Value as on June 30, 2017 (`) 1,34,142 4,27,020 8,22,537 12,65,384 20,97,774 24,32,934 Fund Returns (%) Total Value of S&P BSE 100 Index # 1,31,078 4,19,496 8,17,995 12,50,833 20,69,303 24,17,294 S&P BSE 100 Index Returns (%) # Total Value of Nifty 50 ## 1,30,496 4,12,973 7,98,527 12,21,347 20,19,185 23,59,214 Nifty 50 Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, will be at Moderately High risk To create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the large cap segment. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 20.25% Finance 11.89% Consumer Non Durables 9.11% Auto 8.43% Software 7.39% Petroleum Products 5.89% Cement 4.68% Construction Project 4.31% Pharmaceuticals 3.87% Power 3.32% Consumer Durables 3.02% Retailing 2.57% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Jun 09, 2006 Jun 09, 2006 Auto Ancillaries 2.19% Gas 1.91% Miscellaneous 1.76% Textile Products 1.42% Construction 1.36% Industrial Capital Goods 1.21% Ferrous Metals 1.11% Hotels, Resorts And Other Recreational Activities 1.02% Transportation 0.93% Oil 0.62% Jan 01, 2013 Jan 01, 2013 IDFC Equity Fund 19.83% 8.82% 13.18% 9.94% 11,983 12,890 18,585 28, % 10.37% NA 13.17% 12,155 13,448 NA 17,443 S&P BSE 100 # 14.68% 7.68% 12.47% 11.44% 11,468 12,488 18,005 33, % 7.68% NA 10.98% 11,468 12,488 NA 15,972 Nifty 50 ## 14.88% 7.74% 12.50% 11.46% 11,488 12,509 18,036 33, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to April 18, 2017 with the performance of Nifty 50 (Benchmark) $$ For details please refer Notice ( 9

12 IDFC Nifty Fund An Open Ended Index Linked Equity Scheme Style Growth Blend Value About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the Nifty 50. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 30 April 2010 Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Beta 1.00 R Square 1.00 Standard Deviation (Annualized) 13.09% Sharpe* 0.18 Portfolio Turnover Equity 0.32 Aggregate^ 0.52 Tracking Error (Annualized) 0.64% Regular 0.25% Direct 0.15% Benchmark: Nifty 50 SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1% if redeemed/switched out (to any non-equity scheme of IDFC Mutual Fund) within 7 days. will be at Moderately High risk Size Large Cap Mid Cap Small Cap Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Create wealth over a long period of time. Replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion/weightage. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 26.41% Software 11.39% Consumer Non Durables 10.96% Auto 10.23% Petroleum Products 8.21% Finance 7.94% Pharmaceuticals 4.54% Construction Project 3.78% Power 2.73% Non - Ferrous Metals 2.02% Top 10 Equity Holdings INDUSTRY ALLOCATION Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Apr 30, 2010 Rating % of NAV Equity and Equity related Instruments 98.12% Banks 26.41% HDFC Bank 9.12% ICICI Bank 5.05% Kotak Mahindra Bank 3.17% State Bank of India 2.77% Axis Bank 2.40% IndusInd Bank 2.03% Yes Bank 1.46% Bank of Baroda 0.42% Software 11.39% Infosys 5.10% Tata Consultancy Services 3.43% HCL Technologies 1.32% Wipro 0.89% Tech Mahindra 0.65% Consumer Non Durables 10.96% ITC 7.51% Hindustan Unilever 2.10% Asian Paints 1.36% Auto 10.23% Maruti Suzuki India 2.61% Tata Motors 2.58% Mahindra & Mahindra 1.71% Hero MotoCorp 1.31% Bajaj Auto 1.03% Eicher Motors 0.98% Petroleum Products 8.21% Reliance Industries 6.24% Indian Oil Corporation 1.07% Bharat Petroleum Corporation 0.91% Finance 7.94% HDFC 7.00% Indiabulls Housing Finance 0.95% Pharmaceuticals 4.54% Sun Pharmaceutical Industries 1.67% Dr. Reddy's Laboratories 0.89% Cipla 0.77% Lupin 0.69% Aurobindo Pharma 0.52% Monthly SIP of ` 10,000 in IDFC Nifty - Regular Plan - Growth Apr 30, 2010 SIP PERFORMANCE 7 Years Rating % of NAV Construction Project 3.78% Larsen & Toubro 3.78% Power 2.73% Power Grid Corporation of India 1.26% NTPC 1.07% Tata Power Company 0.40% Non - Ferrous Metals 2.02% Vedanta 1.26% Hindalco Industries 0.76% Cement 1.98% UltraTech Cement 1.13% Ambuja Cements 0.49% ACC 0.36% Telecom - Services 1.37% Bharti Airtel 1.37% Oil 1.21% Oil & Natural Gas Corporation 1.21% Ferrous Metals 1.00% Tata Steel 1.00% Minerals/Mining 0.87% Coal India 0.87% Transportation 0.80% Adani Ports and Special Economic Zone 0.80% Media & Entertainment 0.73% Zee Entertainment Enterprises 0.73% Telecom - Equipment & Accessories 0.72% Bharti Infratel 0.72% Gas 0.63% GAIL (India) 0.63% Auto Ancillaries 0.58% Bosch 0.58% Corporate Bond 0.03% NTPC AAA 0.03% Equity Futures 1.67% Index 1.67% Nifty Index 1.67% Net Cash and Cash Equivalent 0.19% Jan 01, 2013 Jan 01, 2013 IDFC Nifty Fund 15.47% 8.58% 13.33% 9.61% 11,547 12,803 18,706 19, % 8.68% NA 11.96% 11,559 12,838 NA 16,618 Nifty 50 # 14.88% 7.74% 12.50% 8.57% 11,488 12,509 18,036 18, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 S&P BSE Sensex ## 14.53% 6.75% 12.13% 8.21% 11,453 12,167 17,740 17, % 6.75% NA 10.70% 11,453 12,167 NA 15,792 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. Apr 30, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 8,70,000 Total Value as on June 30, 2017 (`) 1,30,992 4,17,926 8,15,611 12,64,292 13,23,638 Fund Returns (%) Total Value of Nifty 50 Index # 1,30,496 4,12,973 7,98,527 12,21,347 12,76,772 Nifty 50 Index Returns (%) # Total Value of S&P BSE SENSEX ## 1,30,881 4,08,394 7,84,765 11,97,833 12,51,888 S&P BSE SENSEX Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Cement 1.98% Telecom - Services 1.37% Oil 1.21% Ferrous Metals 1.00% Minerals/Mining 0.87% Transportation 0.80% Media & Entertainment 0.73% Telecom - Equipment & Accessories 0.72% Gas 0.63% Auto Ancillaries 0.58% 10

13 IDFC Infrastructure Fund An Open Ended Equity Scheme Fund Style Growth Blend Value About the Fund: A dedicated Infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. It is a diversified portfolio of companies that are participating in and benefitting from the Indian Infrastructure and Infrastructure related activities. Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 8 March 2011 Fund Manager: Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) Beta 0.75 R Square 0.68 Standard Deviation (Annualized) 16.55% Sharpe* 0.55 Portfolio Turnover Equity 0.43 Aggregate^ 0.43 Regular 2.54% Direct 0.97% Benchmark: Nifty Infrastructure SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: 1.00% if redeemed before 365 days from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Size Large Cap Mid Cap Small Cap Monthly SIP of ` 10,000 in IDFC Infrastructure Fund - Regular Plan - Growth % of NAV Equity and Equity related Instruments 90.45% Construction 17.14% Dilip Buildcon 3.72% NBCC (India) 3.43% J.Kumar Infraprojects 3.11% Ahluwalia Contracts (India) 2.51% PSP Projects 2.11% PNC Infratech 1.69% ITD Cementation India 0.59% Power 11.43% NTPC 2.54% Power Grid Corporation of India 2.48% Adani Transmission 2.46% CESC 1.99% PTC India 1.95% Construction Project 11.37% Engineers India 3.83% Larsen & Toubro 3.47% Techno Electric & Engineering Company 1.89% Sadbhav Engineering 1.89% Sadbhav Infrastructure Project 0.29% Transportation 9.24% Adani Ports and Special Economic Zone 2.72% InterGlobe Aviation 2.59% Gateway Distriparks 2.13% Navkar Corporation 1.77% Snowman Logistics 0.03% Industrial Capital Goods 6.41% BEML 1.70% Bharat Electronics 1.55% Praj Industries 1.35% Bharat Heavy Electricals 1.18% TD Power Systems 0.62% Non - Ferrous Metals 5.91% Vedanta 5.20% National Aluminium Company 0.71% SIP PERFORMANCE Telecom - Services 5.64% Bharti Airtel 4.09% Idea Cellular 1.55% Gas 5.05% Gujarat State Petronet 2.08% Indraprastha Gas 1.78% Gujarat Gas 0.70% GAIL (India) 0.49% Miscellaneous 4.02% Tejas Networks 4.02% Ferrous Metals 3.28% Maharashtra Seamless 1.97% Ratnamani Metals & Tubes 1.31% Finance 2.71% SREI Infrastructure Finance 1.66% PTC India Financial Services 1.05% Engineering Services 2.57% VA Tech Wabag 2.57% Cement 1.93% UltraTech Cement 1.13% Sagar Cements 0.44% Deccan Cements 0.35% Petroleum Products 1.25% Reliance Industries 1.25% Hotels, Resorts And Other Recreational Activities 0.99% Taj GVK Hotels & Resorts 0.99% Industrial Products 0.79% Kirloskar Oil Engines 0.79% Consumer Durables 0.73% Blue Star 0.73% Preference Shares 0.39% Non - Ferrous Metals 0.39% Vedanta 0.39% Net Cash and Cash Equivalent 9.16% Top 10 Equity Holdings Mar 08, 2011 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 7,60,000 Total Value as on June 30, 2017 (`) 1,45,225 4,91,021 9,68,766 12,43,916 Fund Returns (%) Total Values of Nifty Infrastructure # 1,30,179 3,88,823 7,08,586 9,02,142 Nifty Infrastructure Returns (%) # Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 10,88,223 Nifty 50 Index returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, % of NAV will be at High risk Create wealth over a long period of time. Investment predominantly in equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Construction 17.14% Power 11.43% Construction Project 11.37% Transportation 9.24% Industrial Capital Goods 6.41% Non - Ferrous Metals 5.91% Telecom - Services 5.64% Gas 5.05% INDUSTRY ALLOCATION Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 1 Year 3 Years 5 Years Mar 08, 2011 Mar 08, 2011 Miscellaneous 4.02% Ferrous Metals 3.28% Finance 2.71% Engineering Services 2.57% Cement 1.93% Petroleum Products 1.25% Hotels, Resorts And Other Recreational Activities 0.99% Industrial Products 0.79% Consumer Durables 0.73% Jan 01, 2013 Jan 01, 2013 IDFC Infrastructure Fund 44.01% 15.37% 13.26% 7.66% 14,401 15,360 18,649 15, % 17.12% NA 15.26% 14,611 16,072 NA 18,938 Nifty Infrastructure # 12.50% -1.72% 5.78% 1.61% 11,250 9,492 13,251 11, % -1.72% NA 4.60% 11,250 9,492 NA 12,240 Nifty 50 ## 14.88% 7.74% 12.50% 9.01% 11,488 12,509 18,036 17, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). 11 # Benchmark Returns. ## Alternate Benchmark Returns.

14 IDFC Tax Advantage (ELSS) Fund An Open Ended Equity Linked Saving Scheme with Lock in Period of 3 Years Style Growth Blend Value About the Fund: The Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 26 December 2008 Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th October 2016) Beta 1.04 R Square 0.82 Standard Deviation (Annualized) 14.84% Sharpe* 0.73 Portfolio Turnover Equity 0.61 Aggregate^ 0.61 Regular 2.40% Direct 1.57% Benchmark: S&P BSE 200 SIP (Minimum Amount): ` 500/- SIP Frequency : Monthly SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 500/- and in multiples of ` 500/- thereafter. Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: Nil Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Size Large Cap Mid Cap Small Cap Monthly SIP of ` 10,000 in IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth % of NAV Equity and Equity related Instruments 97.55% Banks 17.99% HDFC Bank 5.58% ICICI Bank 3.60% Axis Bank 2.33% Kotak Mahindra Bank 1.92% IndusInd Bank 1.90% RBL Bank 1.72% The Federal Bank 0.94% Consumer Non Durables 10.12% ITC 4.43% Procter & Gamble Hygiene and Health Care 1.94% Mcleod Russel India 1.26% Hindustan Unilever 1.04% HBL Power Systems 0.94% S H Kelkar and Company 0.51% Auto Ancillaries 7.12% Minda Industries 2.27% Apollo Tyres 1.36% Igarashi Motors India 1.27% Tube Investments of India 0.86% MRF 0.77% GNA Axles 0.33% WABCO India 0.27% Finance 6.84% Housing Development Finance Corporation 2.08% SREI Infrastructure Finance 1.40% ICICI Prudential Life Insurance Company 1.26% Magma Fincorp 1.10% Max Financial Services 1.02% Software 6.27% Infosys 2.86% HCL Technologies 1.37% Tech Mahindra 1.05% Mastek 1.00% Construction Project 5.81% KEC International 2.70% Voltas 1.69% Engineers India 1.42% Cement 5.06% The Ramco Cements 2.91% Ambuja Cements 1.39% Sagar Cements 0.77% Auto 4.71% Maruti Suzuki India 2.21% Tata Motors 1.64% Eicher Motors 0.87% Retailing 4.70% Future Retail 3.57% Future Lifestyle Fashions 1.13% SIP PERFORMANCE INDUSTRY ALLOCATION % of NAV Petroleum Products 4.02% Indian Oil Corporation 1.86% Hindustan Petroleum Corporation 1.64% Bharat Petroleum Corporation 0.51% Miscellaneous 3.21% Dishman Carbogen Amcis 1.50% Eris Lifesciences 0.96% Amulya Leasing And Finance 0.76% Gas 3.01% GAIL (India) 2.04% Petronet LNG 0.97% Media & Entertainment 2.27% PVR 1.25% Zee Entertainment Enterprises 1.03% Ferrous Metals 2.07% Jindal Steel & Power 1.09% JSW Steel 0.98% Construction 1.99% PSP Projects 1.08% Asian Granito India 0.90% Chemicals 1.94% Deepak Nitrite 1.30% Atul 0.64% Industrial Products 1.93% KEI Industries 1.05% Bharat Forge 0.88% Transportation 1.89% VRL Logistics 1.89% Consumer Durables 1.35% Crompton Greaves Consumer Electricals 1.35% Non - Ferrous Metals 1.32% Hindalco Industries 1.32% Power 1.13% Nava Bharat Ventures 1.13% Pharmaceuticals 1.10% Aurobindo Pharma 1.10% Hotels, Resorts And Other Recreational Activities 0.95% EIH 0.95% Fertilisers 0.74% Gujarat State Fertilizers & Chemicals 0.74% Preference Shares 0.25% Miscellaneous 0.22% 3D PLM Software Solutions 0.22% Media & Entertainment 0.04% Zee Entertainment Enterprises 0.04% Net Cash and Cash Equivalent 2.19% Top 10 Equity Holdings 7 Years Dec 26, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 10,30,000 Total Value as on June 30, 2017 (`) 1,39,145 4,63,023 9,99,905 16,24,396 23,19,054 Fund Returns (%) Total Value of S&P BSE 200 # 1,31,643 4,26,624 8,44,201 12,91,630 17,74,370 S&P BSE 200 Returns (%) # Total Value of NIFTY 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 16,67,142 NIFTY 50 Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, will be at Moderately High risk Create wealth over a long period of time. Investment predominantly in Equity and Equity related securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Banks 17.99% Consumer Non Durables 10.12% Auto Ancillaries 7.12% Finance 6.84% Software 6.27% Construction Project 5.81% Cement 5.06% Auto 4.71% Retailing 4.70% Petroleum Products 4.02% Miscellaneous 3.21% Gas 3.01% Media & Entertainment 2.27% Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Dec 26, 2008 Dec 26, 2008 Ferrous Metals 2.07% Construction 1.99% Chemicals 1.94% Industrial Products 1.93% Transportation 1.89% Consumer Durables 1.35% Non - Ferrous Metals 1.32% Power 1.13% Pharmaceuticals 1.10% Hotels, Resorts And Other Recreational Activities 0.95% Fertilisers 0.74% Jan 01, 2013 Jan 01, 2013 IDFC Tax Advantage 26.87% 17.14% 21.55% 20.73% 12,687 16,080 26,563 49, % 18.63% NA 20.73% 12,823 16,704 NA 23,325 (ELSS) Fund S&P BSE 200 # 18.08% 9.91% 14.16% 16.68% 11,808 13,280 19,406 37, % 9.91% NA 12.47% 11,808 13,280 NA 16,961 Nifty 50 ## 14.88% 7.74% 12.50% 15.18% 11,488 12,509 18,036 33, % 7.74% NA 11.02% 11,488 12,509 NA 15,999 The fund is being managed by Mr. Daylynn Pinto (w.e.f. 20th October 2016), Performance based on NAV as on 30/06/2017, Past performancemay ormay not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). 12 # Benchmark Returns. ## Alternate Benchmark Returns.

15 IDFC Arbitrage Fund An Open Ended Equity Fund About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market. Nature: Equity & Equity Derivatives Monthly Avg AUM: ` 2, Crores Month end AUM: ` Crores Date: 21 December 2006 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Beta 0.99 R Square 0.43 Standard Deviation (Annualized) 0.48% Sharpe* 1.17 Portfolio Turnover Equity 3.47 Aggregate^ Regular 0.97% Direct 0.39% Benchmark: Crisil Liquid SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Exit Load: 0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend Industries % of NAV JSW Steel Ferrous Metals 3.94% ITC Consumer Non Durables 2.93% Yes Bank Banks 2.64% Sun Pharmaceutical Industries Pharmaceuticals 2.57% Infosys Software 2.45% Zee Entertainment Enterprises Media & Entertainment 1.92% CESC Power 1.85% Tata Global Beverages Consumer Non Durables 1.85% Reliance Capital Finance 1.82% Century Textiles & Industries Cement 1.82% Tata Motors Auto 1.78% The Federal Bank Banks 1.77% Indiabulls Housing Finance Finance 1.71% Tata Motors Auto 1.53% Dewan Housing Finance Corporation Finance 1.53% Reliance Infrastructure Power 1.53% United Spirits Consumer Non Durables 1.52% Tata Steel Ferrous Metals 1.51% State Bank of India Banks 1.47% UPL Pesticides 1.42% UltraTech Cement Cement 1.40% Oil & Natural Gas Corporation Oil 1.39% Max Financial Services Finance 1.22% Jindal Steel & Power Ferrous Metals 1.13% Exide Industries Auto Ancillaries 1.12% Mahindra & Mahindra Auto 1.08% Ambuja Cements Cement 1.05% Bajaj Finance Finance 0.98% Dr. Reddy's Laboratories Pharmaceuticals 0.88% Indraprastha Gas Gas 0.86% Maruti Suzuki India Auto 0.79% Fortis Healthcare Healthcare Services 0.78% LIC Housing Finance Finance 0.78% Reliance Industries Petroleum Products 0.75% Lupin Pharmaceuticals 0.71% Pidilite Industries Chemicals 0.71% Grasim Industries Cement 0.68% Divi's Laboratories Pharmaceuticals 0.68% Bharat Forge Industrial Products 0.62% Indiabulls Real Estate Construction 0.61% Reliance Power Power 0.59% Hindustan Zinc Non - Ferrous Metals 0.55% Bank of Baroda Banks 0.52% Indian Oil Corporation Petroleum Products 0.48% Glenmark Pharmaceuticals Pharmaceuticals 0.45% Tata Communications Telecom - Services 0.44% Hindalco Industries Non - Ferrous Metals 0.43% NMDC Minerals/Mining 0.43% Castrol India Petroleum Products 0.43% Asian Paints Consumer Non Durables 0.35% Apollo Tyres Auto Ancillaries 0.34% IRB Infrastructure Developers Construction 0.34% Hindustan Petroleum Corporation Petroleum Products 0.34% Granules India Pharmaceuticals 0.33% Aurobindo Pharma Pharmaceuticals 0.33% Housing Development and Infrastructure Construction 0.32% Engineers India Construction Project 0.31% Bharat Financial Inclusion Finance 0.31% Muthoot Finance Finance 0.30% Bharat Electronics Industrial Capital Goods 0.29% GAIL (India) Gas 0.29% Voltas Construction Project 0.27% Motherson Sumi Systems Auto Ancillaries 0.26% Bharat Heavy Electricals Industrial Capital Goods 0.25% INDUSTRY ALLOCATION Finance 9.33% Gas 1.33% Consumer Non Durables 6.89% Non - Ferrous Metals 1.21% Banks 6.77% Chemicals 0.91% Ferrous Metals 6.58% Industrial Products 0.86% Pharmaceuticals 6.43% Healthcare Services 0.78% Auto 5.65% Construction Project 0.78% Cement 5.19% Industrial Capital Goods 0.65% Power 4.26% Telecom - Services 0.55% Software 2.97% Minerals/Mining 0.54% Media & Entertainment 2.00% Consumer Durables 0.27% Petroleum Products 1.99% Trading 0.24% Auto Ancillaries 1.72% Textile Products 0.12% Oil 1.44% Telecom - Equipment & Accessories 0.11% Pesticides 1.42% Transportation 0.10% Construction 1.36% SIP PERFORMANCE Industries % of NAV Shriram Transport Finance Company Finance 0.24% Tata Elxsi Software 0.24% Adani Enterprises Trading 0.24% Bajaj Auto Auto 0.23% Ashok Leyland Auto 0.23% Bata India Consumer Durables 0.21% Vedanta Non - Ferrous Metals 0.21% Tata Chemicals Chemicals 0.20% Britannia Industries Consumer Non Durables 0.18% Petronet LNG Gas 0.18% Power Grid Corporation of India Power 0.17% MindTree Software 0.15% The India Cements Cement 0.15% Rural Electrification Corporation Finance 0.15% Power Finance Corporation Finance 0.15% Wockhardt Pharmaceuticals 0.13% Cadila Healthcare Pharmaceuticals 0.12% Arvind Textile Products 0.12% Coal India Minerals/Mining 0.12% JSW Energy Power 0.11% Reliance Communications Telecom - Services 0.11% Bharti Infratel Telecom - Equipment & Accessories 0.11% GMR Infrastructure Construction Project 0.11% Jain Irrigation Systems Industrial Products 0.11% Sintex Industries Industrial Products 0.10% Syndicate Bank Banks 0.10% Adani Ports and Special Economic Zone Transportation 0.10% ACC Cement 0.10% BEML Industrial Capital Goods 0.09% ICICI Bank Banks 0.09% Cipla Pharmaceuticals 0.09% DLF Construction 0.09% Strides Shasun Pharmaceuticals 0.09% Larsen & Toubro Construction Project 0.09% Sun TV Network Media & Entertainment 0.07% Andhra Bank Banks 0.07% Tech Mahindra Software 0.06% Titan Company Consumer Durables 0.06% Oracle Financial Services Software Software 0.06% IndusInd Bank Banks 0.05% Oil India Oil 0.05% Hindustan Unilever Consumer Non Durables 0.05% Axis Bank Banks 0.04% HDFC Finance 0.04% L&T Finance Holdings Finance 0.04% Biocon Pharmaceuticals 0.04% Mahindra & Mahindra Financial Services Finance 0.03% Bajaj Finserv Finance 0.03% Cummins India Industrial Products 0.03% National Aluminium Company Non - Ferrous Metals 0.02% Siemens Industrial Capital Goods 0.02% Hero MotoCorp Auto 0.01% NTPC Power 0.01% KPIT Technologies Software 0.01% Kotak Mahindra Bank Banks 0.01% Dabur India Consumer Non Durables 0.01% Torrent Power Power 0.005% Total Hedged Equity 72.44% Margin Fixed Deposit 19.83% Corporate Bond 26.18% CBLO 4.97% Adjusted Net Current Asset % will be at Moderately Low risk To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Dec 21, 2006 Monthly SIP of ` 10,000 in IDFC Arbitrage Fund - Regular Plan - Growth Dec 21, Years 10 Years Jan 17, 2013 Dec 21, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,70,000 Total Value as on June 30, 2017 (`) 1,23,785 3,96,365 7,17,136 10,97,574 17,52,618 18,96,383 Fund Returns (%) Total Value of Crisil Liquid # 1,24,300 4,02,660 7,33,110 11,21,811 17,98,511 19,47,522 Crisil Liquid Returns (%) # Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 20,20,097 21,87,982 Nifty 50 Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Jan 17, 2013 IDFC Arbitrage Fund 6.14% 6.81% 7.66% 7.31% 10,614 12,188 14,469 21, % 7.42% NA 8.13% 10,671 12,396 NA 14,164 CRISIL Liquid # 6.86% 7.83% 8.25% 7.60% 10,686 12,541 14,872 21, % 7.83% NA 8.29% 10,686 12,541 NA 14,258 Nifty 50 ## 14.88% 7.74% 12.50% 9.02% 11,488 12,509 18,036 24, % 7.74% NA 10.77% 11,488 12,509 NA 15,765 The fund is being managed by Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. 13

16 IDFC Arbitrage Plus Fund An Open Ended Equity Fund About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The fund can also tactically participate in a mix of strategies like pair trades, corporate events like buybacks, etc, (restricted upto 5% of the portfolio). The balance is invested in actively managed debt and money market instruments. Nature: Equity Derivatives Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 June 2008 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Beta 1.47 R Square 0.22 Standard Deviation (Annualized) 0.99% Sharpe* 0.44 Portfolio Turnover Equity 2.51 Aggregate^ Regular 1.04% Direct 0.38% Benchmark: Crisil Liquid SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Exit Load: 0.25% if redeemed / switched-out within 1 (one) month from the date of allotment. (w.e.f. 12th August 2016) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend will be at Moderate risk To generate low volatility returns over short to medium term. Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Auto 10.74% Pharmaceuticals 10.44% Ferrous Metals 5.44% Petroleum Products 5.31% Finance 4.25% Healthcare Services 4.22% Cement 4.00% Industrial Capital Goods 3.38% Software 3.26% Banks 3.16% Consumer Non Durables 2.93% Construction 2.89% INDUSTRY ALLOCATION Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Jun 09, 2008 Monthly SIP of ` 10,000 in IDFC Arbitrage Plus Fund - Regular Plan - Growth Industries Jun 09, 2008 SIP PERFORMANCE 7 Years 10 Years Dec 31, 2013 Jun 09, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,90,000 Total Value as on June 30, 2017 (`) 1,23,450 3,96,053 7,13,755 10,86,464 NA 15,19,672 Fund Returns (%) NA 7.14 Total Value of Crisil Liquid # 1,24,300 4,02,660 7,33,110 11,21,811 NA 15,76,569 Crisil Liquid Returns (%) # NA 7.92 Total Value of Nifty 50 Index ## 1,30,496 4,12,973 7,98,527 12,21,347 NA 18,13,738 Nifty 50 Index Returns (%) ## NA Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Power 2.58% Oil 0.99% Auto Ancillaries 0.91% Construction Project 0.81% Gas 0.72% Media & Entertainment 0.60% Textile Products 0.49% Non - Ferrous Metals 0.19% Chemicals 0.18% Minerals/Mining 0.06% Industrial Products 0.04% Dec 31, 2013 IDFC Arbitrage Plus Fund 6.44% 6.69% 7.43% 7.02% 10,644 12,145 14,312 18, % 7.43% NA 7.63% 10,725 12,402 NA 12,932 CRISIL Liquid # 6.86% 7.83% 8.25% 7.62% 10,686 12,541 14,872 19, % 7.83% NA 8.08% 10,686 12,541 NA 13,124 Nifty 50 ## 14.88% 7.74% 12.50% 8.62% 11,488 12,509 18,036 21, % 7.74% NA 12.51% 11,488 12,509 NA 15,103 The fund is being managed by Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 30 th June 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). # Benchmark Returns. ## Alternate Benchmark Returns. % of NAV Sun Pharmaceutical Industries Pharmaceuticals 5.76% Tata Motors Auto 5.09% Fortis Healthcare Healthcare Services 4.22% Century Textiles & Industries Cement 3.47% Bharat Electronics Industrial Capital Goods 3.25% JSW Steel Ferrous Metals 2.90% Indiabulls Housing Finance Finance 2.87% Infosys Software 2.71% Ashok Leyland Auto 2.39% Lupin Pharmaceuticals 2.30% Castrol India Petroleum Products 2.29% Tata Motors Auto 2.27% State Bank of India Banks 2.12% Jindal Steel & Power Ferrous Metals 2.03% Bharat Petroleum Corporation Petroleum Products 1.94% Tata Global Beverages Consumer Non Durables 1.80% Indiabulls Real Estate Construction 1.74% Aurobindo Pharma Pharmaceuticals 1.44% CESC Power 1.29% IRB Infrastructure Developers Construction 1.15% United Spirits Consumer Non Durables 1.10% Reliance Power Power 1.09% Mahindra & Mahindra Auto 0.99% Oil & Natural Gas Corporation Oil 0.99% Voltas Construction Project 0.81% Bank of Baroda Banks 0.72% Power Finance Corporation Finance 0.72% Reliance Industries Petroleum Products 0.69% Glenmark Pharmaceuticals Pharmaceuticals 0.63% TV18 Broadcast Media & Entertainment 0.60% Motherson Sumi Systems Auto Ancillaries 0.59% MindTree Software 0.55% UltraTech Cement Cement 0.53% Industries % of NAV Tata Steel Ferrous Metals 0.51% SRF Textile Products 0.49% GAIL (India) Gas 0.38% Dewan Housing Finance Corporation Finance 0.37% Indraprastha Gas Gas 0.33% Hindustan Petroleum Corporation Petroleum Products 0.32% Exide Industries Auto Ancillaries 0.31% Syndicate Bank Banks 0.26% Reliance Infrastructure Power 0.20% Hindalco Industries Non - Ferrous Metals 0.19% Divi's Laboratories Pharmaceuticals 0.18% Tata Chemicals Chemicals 0.17% Rural Electrification Corporation Finance 0.13% Bharat Heavy Electricals Industrial Capital Goods 0.13% Max Financial Services Finance 0.12% Dr. Reddy's Laboratories Pharmaceuticals 0.11% Indian Oil Corporation Petroleum Products 0.07% NMDC Minerals/Mining 0.06% The Federal Bank Banks 0.06% Granules India Pharmaceuticals 0.04% Mahindra & Mahindra Financial Services Finance 0.04% Sintex Industries Industrial Products 0.04% Asian Paints Consumer Non Durables 0.03% Pidilite Industries Chemicals 0.01% Kotak Mahindra Bank Banks 0.01% Total Hedged Equity 67.57% Margin Fixed Deposit 14.88% Certificate of Deposit 2.99% Corporate Bond 18.82% CBLO 2.48% Adjusted Net Current Asset -6.74% 14

17 IDFC Sensex Exchange Trade Fund An Open Ended Exchange Trade Fund About the Fund: An open-ended Exchange Traded Fund that seeks to provide returns that, before expenses, closely correspond to the total return of the S&P BSE Sensex, subject to tracking errors. Monthly Avg AUM: ` 75 Lakhs Month end AUM: ` 75 Lakhs Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti : 0.13% Benchmark: S&P BSE Sensex SIP (Minimum Amount): NA SIP Frequency: NA SIP Dates (Monthly): NA Minimum Investment Amount: Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the Scheme can be purchased and sold in minimum lot of 1 unit and in multiples thereof Option Available: Presently the scheme does not offer any Plan/Options for Investment Exit Load: Nil Regular Plan Growth Regular Plan Dividend N.A About the Fund: An open-ended Exchange Traded Fund that seeks to provide returns that, before expenses, closely correspond to the total return of the Nifty 50, subject to tracking errors. Monthly Avg AUM: ` 4.01 Crores Month end AUM: ` 4.72 Crores Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti : 0.15% Benchmark: Nifty 50 SIP (Minimum Amount): NA SIP Frequency: NA SIP Dates (Monthly): NA Minimum Investment Amount: Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the Scheme can be purchased and sold in minimum lot of 1 unit and in multiples thereof Option Available: Presently the scheme does not offer any Plan/Options for Investment Exit Load: Nil will be at Moderately High risk To create wealth over a long period of time. Investment in securities covered by S&P BSE Sensex Index. *Investors should consult their financial advisers if in doubt about whether the product is suitable Regular Plan Growth Regular Plan Dividend N.A will be at Moderately High risk To create wealth over a long period of time. Investment in securities covered by Nifty 50 Index. *Investors should consult their financial advisers if in doubt about whether the product is suitable % of NAV Equity and Equity related Instruments 98.57% Banks 27.07% HDFC Bank 11.25% ICICI Bank 6.26% Kotak Mahindra Bank 3.48% State Bank of India 3.18% Axis Bank 2.90% Consumer Non Durables 13.51% ITC 9.25% Hindustan Unilever 2.59% Asian Paints 1.66% Software 11.60% Infosys 6.27% Tata Consultancy Services 4.22% Wipro 1.10% Auto 11.38% Tata Motors 3.26% Maruti Suzuki India 3.17% Mahindra & Mahindra 2.10% Hero MotoCorp 1.58% Bajaj Auto 1.26% Finance 8.62% Housing Development Finance Corporation 8.62% Petroleum Products 7.69% Reliance Industries 7.69% Pharmaceuticals 4.88% Sun Pharmaceutical Industries 2.02% Dr. Reddy's Laboratories 1.07% Cipla 0.95% Lupin 0.85% Construction Project 4.54% Larsen & Toubro 4.54% IDFC Nifty Exchange Trade Fund An Open Ended Exchange Trade Fund 31st May 2017 % of NAV Equity and Equity related Instruments 98.68% Banks 26.60% HDFC Bank 9.19% ICICI Bank 5.10% Kotak Mahindra Bank 3.19% State Bank of India 2.79% Axis Bank 2.41% IndusInd Bank 2.04% Yes Bank 1.47% Bank of Baroda 0.42% Software 11.46% Infosys 5.13% Tata Consultancy Services 3.45% HCL Technologies 1.33% Wipro 0.90% Tech Mahindra 0.65% Consumer Non Durables 11.03% ITC 7.55% Hindustan Unilever 2.12% Asian Paints 1.36% Auto 10.27% Maruti Suzuki India 2.63% Tata Motors 2.59% Mahindra & Mahindra 1.72% Hero MotoCorp 1.31% Bajaj Auto 1.04% Eicher Motors 0.97% Petroleum Products 8.27% Reliance Industries 6.28% Indian Oil Corporation 1.08% Bharat Petroleum Corporation 0.91% Finance 7.99% Housing Development Finance Corporation 7.04% Indiabulls Housing Finance 0.95% Pharmaceuticals 4.57% Sun Pharmaceutical Industries 1.68% Dr. Reddy's Laboratories 0.89% Cipla 0.77% Lupin 0.69% Aurobindo Pharma 0.53% Construction Project 3.80% Larsen & Toubro 3.80% Power 2.75% Power Grid Corporation of India 1.27% NTPC 1.08% Tata Power Company 0.40% % of NAV Power 2.87% Power Grid Corporation of India 1.55% NTPC 1.31% Telecom - Services 1.68% Bharti Airtel 1.68% Oil 1.43% Oil & Natural Gas Corporation 1.43% Ferrous Metals 1.22% Tata Steel 1.22% Transportation 1.08% Adani Ports and Special Economic Zone 1.08% Minerals/Mining 1.02% Coal India 1.02% Net Cash and Cash Equivalent 1.43% Top 10 Equity Holdings INDUSTRY ALLOCATION Banks 27.07% Consumer Non Durables 13.51% Software 11.60% Auto 11.38% Finance 8.62% Petroleum Products 7.69% Pharmaceuticals 4.88% Construction Project 4.54% Power 2.87% Telecom - Services 1.68% Oil 1.43% Ferrous Metals 1.22% Transportation 1.08% Minerals/Mining 1.02% % of NAV Non - Ferrous Metals 2.03% Vedanta 1.27% Hindalco Industries 0.76% Cement 1.98% UltraTech Cement 1.13% Ambuja Cements 0.50% ACC 0.36% Telecom - Services 1.37% Bharti Airtel 1.37% Oil 1.22% Oil & Natural Gas Corporation 1.22% Ferrous Metals 1.00% Tata Steel 1.00% Minerals/Mining 0.87% Coal India 0.87% Transportation 0.80% Adani Ports and Special Economic Zone 0.80% Media & Entertainment 0.74% Zee Entertainment Enterprises 0.74% Telecom - Equipment & Accessories 0.72% Bharti Infratel 0.72% Gas 0.64% GAIL (India) 0.64% Auto Ancillaries 0.54% Bosch 0.54% Net Cash and Cash Equivalent 1.32% Top 10 Equity Holdings INDUSTRY ALLOCATION Banks 26.60% Software 11.46% Consumer Non Durables 11.03% Auto 10.27% Petroleum Products 8.27% Finance 7.99% Pharmaceuticals 4.57% Construction Project 3.80% Power 2.75% Non - Ferrous Metals 2.03% Cement 1.98% Telecom - Services 1.37% Oil 1.22% Ferrous Metals 1.00% Minerals/Mining 0.87% Transportation 0.80% Media & Entertainment 0.74% Telecom - Equipment & Accessories 0.72% Gas 0.64% Auto Ancillaries 0.54% 15

18 IDFC Dynamic Equity Fund (The Fund has been repositioned with effect from June 19, 2017) $$ An Open Ended Equity Fund About the Fund: Dynamically invests between Equity and Debt An Equity fund that buys less when markets are expensive and more when markets are expensive and more when markets are cheap Based on the model that tracks market valuation Nature: Equity Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 10 October 2014 Fund Manager: Equity Portion: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017), Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015) Standard Deviation (Annualized) 5.89% Portfolio Turnover Equity 0.59 Aggregate^ 4.47 Regular 2.46% Direct 1.40% Benchmark: CRISIL Balanced Fund Aggressive Index (w.e.f. 19th June, 2017) SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Exit Load: In respect of each purchase of Units: - For 10% of investment: Nil - For remaining investment: 1% if redeemed/ switched out within 1 year from the date of allotment (w.e.f. July 5, 2017) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderately High risk Create wealth over a long period of time Dynamic allocation towards equity, derivatives, debt and money market instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV Equity and Equity Related Instruments 66.77% Net Equity Exposure 52.37% Banks 15.96% State Bank of India 5.90% State Bank of India - Equity Futures -5.14% HDFC Bank 3.99% IndusInd Bank 1.75% Axis Bank 0.93% ICICI Bank 0.72% RBL Bank 0.63% The Federal Bank 0.63% Kotak Mahindra Bank 0.50% Punjab National Bank 0.37% Bank of Baroda 0.29% The Karnataka Bank 0.27% Finance 10.83% Indiabulls Housing Finance 5.54% Indiabulls Housing Finance - Equity Futures -5.56% Housing Development Finance Corporation 1.17% AU Small Finance Bank 1.07% Max Financial Services 0.70% ICICI Prudential Life Insurance Company 0.64% SREI Infrastructure Finance 0.59% Magma Fincorp 0.44% Mahindra & Mahindra Financial Services 0.43% Credit Analysis and Research 0.24% Auto 7.64% Tata Motors 2.57% Tata Motors - Equity Futures -2.58% Maruti Suzuki India 1.80% Hero MotoCorp 1.19% Mahindra & Mahindra 1.18% Eicher Motors 0.68% Bajaj Auto 0.23% Consumer Non Durables 5.12% ITC 3.00% Hindustan Unilever 1.45% Tata Coffee 0.34% DCM Shriram 0.33% Petroleum Products 3.65% Reliance Industries 1.71% Indian Oil Corporation 0.74% Bharat Petroleum Corporation 0.50% Hindustan Petroleum Corporation 0.41% Castrol India 0.29% Software 2.85% Infosys 1.04% HCL Technologies 0.83% Mastek 0.46% Wipro 0.34% Persistent Systems 0.18% Auto Ancillaries 2.65% Apollo Tyres 1.06% Minda Industries 0.71% MRF 0.45% Exide Industries 0.44% Cement 2.00% Ambuja Cements 0.90% UltraTech Cement 0.36% Deccan Cements 0.29% The Ramco Cements 0.26% Banks 15.96% Finance 10.83% Auto 7.64% Consumer Non Durables 5.12% Petroleum Products 3.65% Software 2.85% Auto Ancillaries 2.65% Cement 2.00% Construction Project 1.88% Pharmaceuticals 1.77% Power 1.72% INDUSTRY ALLOCATION Rating % of NAV Sagar Cements 0.18% Construction Project 1.88% Larsen & Toubro 1.88% Pharmaceuticals 1.77% Cadila Healthcare 0.53% Aurobindo Pharma 0.36% Indoco Remedies 0.35% Sun Pharmaceutical Industries 0.35% Lupin 0.18% Power 1.72% Power Grid Corporation of India 0.69% Nava Bharat Ventures 0.59% NTPC 0.43% Gas 1.55% GAIL (India) 1.10% Petronet LNG 0.45% Retailing 1.44% Future Retail 0.98% Future Lifestyle Fashions 0.46% Oil 1.43% Oil & Natural Gas Corporation 1.43% Oil & Natural Gas Corporation - Equity Futures -1.02% Industrial Capital Goods 1.30% Bharat Electronics 0.78% Skipper 0.32% CG Power and Industrial Solutions 0.19% Industrial Products 0.92% Bharat Forge 0.92% Ferrous Metals 0.88% JSW Steel 0.61% Jindal Steel & Power 0.27% Hotels, Resorts And Other Recreational Activities 0.76% The Indian Hotels Company 0.60% Taj GVK Hotels & Resorts 0.16% Consumer Durables 0.65% Sheela Foam 0.37% Crompton Greaves Consumer Electricals 0.28% Fertilisers 0.55% Coromandel International 0.55% Non - Ferrous Metals 0.52% Hindalco Industries 0.52% Textile Products 0.33% Dollar Industries 0.33% Chemicals 0.28% Deepak Nitrite 0.28% Minerals/Mining 0.11% Coal India 0.11% Coal India - Equity Futures -0.11% State Government Bond 16.06% 8.18% Haryana UDAY BOND SOV 16.06% Commercial Paper 8.51% Bajaj Finance A % Margin Fixed Deposit 3.44% IndusInd Bank 3.44% Corporate Bond 0.09% NTPC AAA 0.09% Net Cash and Cash Equivalent 5.12% Top 10 Equity Holdings Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Oct 10, 2014 Monthly SIP of ` 10,000 in IDFC Dynamic Equity - Regular Plan - Growth Oct 10, 2014 SIP PERFORMANCE Oct 10, 2014 Oct 10, 2014 Total Amount Invested (`) 1,20,000 NA NA 3,30,000 Total Value as on June 30, 2017 (`) 1,25,616 NA NA 3,59,265 Fund Returns (%) 8.85 NA NA 6.12 Total Value of CRISIL Balanced Fund Aggressive Index # 1,28,873 NA NA 3,78,415 CRISIL Balanced Fund Aggressive Index Returns (%) # NA NA 9.97 Total Value of Nifty 50 ## 1,30,496 NA NA 3,76,250 Nifty 50 Returns (%) ## NA NA 9.54 Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, The industry allocation is provided at gross equity exposure Gas 1.55% Retailing 1.44% Oil 1.43% Industrial Capital Goods 1.30% Industrial Products 0.92% Ferrous Metals 0.88% Hotels, Resorts And Other Recreational Activities 0.76% Consumer Durables 0.65% Fertilisers 0.55% Non - Ferrous Metals 0.52% Textile Products 0.33% Chemicals 0.28% Minerals/Mining 0.11% Oct 10, 2014 IDFC Dynamic Equity Fund 8.05% NA NA 6.11% 10,805 NA NA 11, % NA NA 7.41% 10,910 NA NA 12,151 CRISIL Balanced Fund % NA NA 8.80% 11,385 NA NA 12, % NA NA 8.80% 11,385 NA NA 12,581 Aggressive Index # Nifty 50 ## 14.88% NA NA 7.29% 11,488 NA NA 12, % NA NA 7.29% 11,488 NA NA 12,113 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no & the respective fund pages Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives). The portfolio shall be rebalanced on the first business day of every month. # Benchmark Returns. ## Alternate Benchmark Returns. $$ For details please refer Notice ( ) 16

19 IDFC Balanced Fund An Open-ended Balanced Scheme About the Fund: IDFC Balanced Equity Fund provides a combination of equity (up to 60%), arbitrage (minimum 5%) and balance in debt so as to provide both stability of returns and potential of growth. Both equity and fixed income portions are actively managed. Nature: Balanced Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 30 December 2016 Fund Manager: Equity Portion: Mr. Anoop Bhaskar Debt Portion: Mr. Suyash Choudhary & Mr. Anurag Mittal Modified Duration 5.45 years Average Maturity 7.89 years Yield to Maturity 7.40% Regular 2.32% Direct 0.57% Benchmark: CRISIL Balanced Fund Aggressive Index SIP (Minimum Amount): ` 1,000/- SIP Date (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility) Exit Load: 10% of investment: Nil Remaining investment: 1% if redeemed/switched out within 1 year from the date of allotment Rating/Industry % of NAV HDFC Bank Banks 2.95% ITC Consumer Non Durables 2.21% Reliance Industries Petroleum Products 2.09% Hero MotoCorp Auto 1.87% Axis Bank Banks 1.73% IndusInd Bank Banks 1.34% Larsen & Toubro Construction Project 1.31% The Federal Bank Banks 1.29% Indian Oil Corporation Petroleum Products 1.23% HDFC Finance 1.21% Grasim Industries Cement 1.15% Apollo Tyres Auto Ancillaries 1.12% Infosys Software 1.11% Bharat Forge Industrial Products 1.09% GAIL (India) Gas 1.06% Top 15 Active Equity Holdings 22.76% Other Active Equity Holdings 31.53% Arbitrage Position 12.67% 7.61% GOI(MD 09/05/2030) SOV 7.40% 7.35% GOI (MD 22/06/2024) SOV 3.60% 7.16% GOI (MD 20/05/2023) SOV 3.56% 7.68% GOI (MD 15/12/2023) SOV 1.83% 8.20% GOI (MD 15/02/2022) SOV 1.23% 6.79% GOI (MD 26/12/2029) SOV 1.17% 7.88% GOI (MD 19/03/2030) SOV 0.62% 7.59% GOI(MD 11/01/2026) SOV 0.61% Government Bond 20.02% ** ICICI Bank ICRA AA+ 1.78% ** IndusInd Bank CRISIL AA 1.78% ** Bank of Baroda CARE AA 1.77% ICICI Bank ICRA AAA 1.74% ** Axis Bank CRISIL AA+ 1.17% ** State Bank of India CRISIL AA+ 0.59% Regular Plan Dividend Regular Plan Growth Direct Plan Growth Direct Plan Dividend Corporate Bond 8.83% 8.21% Haryana UDAY BOND (MD 31/03/2022) SOV 0.21% State Government Bond 0.21% Margin FD 1.14% Net Current Asset 2.85% ** Basel III, Tier 1 Perpetual will be at Moderately High risk Create wealth over a long period of time. Capital appreciation and current income by investing in equity as well as fixed income securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable INDUSTRY ALLOCATION Banks 13.94% Consumer Durables 1.30% Pharmaceuticals 6.77% Industrial Products 1.09% Petroleum Products 5.67% Retailing 0.97% Finance 5.08% Ferrous Metals 0.88% Auto 4.07% Media & Entertainment 0.85% Consumer Non Durables 3.73% Fertilisers 0.84% Cement 3.49% Textile Products 0.62% Software 2.86% Chemicals 0.54% Auto Ancillaries 2.24% Telecom - Equipment & Accessories 0.35% Power 1.92% Services 0.33% Hotels, Resorts And Other Recreational Activities 1.81% Miscellaneous 0.31% Non - Ferrous Metals 1.80% Oil 0.30% Industrial Capital Goods 1.80% Construction 0.15% Construction Project 1.79% Minerals/Mining 0.11% Gas 1.34% 17

20 IDFC Monthly Income Plan An Open Ended Debt Fund About the Fund: MIP is a hybrid fund which offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an actively managed all cap portfolio. The Fixed Income portfolio is also actively managed with a mix of debt and money market instruments. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 25 February 2010 Fund Manager: Equity Portion: Mr. Sumit Agrawal (w.e.f. 20th October 2016) Debt Portion: Mr. Anurag Mittal (w.e.f. 09th November 2015) Modified Duration 5.21 years Average Maturity 7.24 years Yield to Maturity* 7.39% *Monthly income is not assured and is subject to availability of distributable surplus Regular 2.30% Direct 1.56% Asset Quality AAA Equivalent 86.31% AA 6.82% AA+ 6.87% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Regular Exit Load: 1% if redeemed/switched out within 1 year (365 days) from the date of subscription Regular Plan - Dividend Regular Plan - Growth Regular Plan - Dividend Quarterly Direct Plan - Growth Direct Plan - Dividend Direct Plan - Dividend Quarterly will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment primarily in debt securities to generate regular returns and investment of a portion of the Scheme s assets in equity securities to generate long-term capital appreciation. *Investors should consult their financial advisers if in doubt about whether the product is suitable Monthly SIP of ` 10,000 in IDFC Monthly Income Plan - Regular Plan - Growth Rating % of NAV Government Bond 46.30% 7.35% G-Sec SOV 12.35% 7.72% G-Sec SOV 8.41% 6.79% G-Sec SOV 8.01% 7.16% G-Sec SOV 6.12% 7.88% G-Sec SOV 4.28% 7.61% G-Sec SOV 4.23% 7.68% G-Sec SOV 2.10% 6.35% G-Sec SOV 0.80% Corporate Bond 26.22% ** ICICI Bank AA+ 4.07% ** IndusInd Bank AA 4.07% ** Bank of Baroda AA 4.06% ICICI Bank AAA 3.99% ** Axis Bank AA+ 2.80% Blue Dart Express AA 2.75% Small Industries Dev Bank of India AAA 1.63% HDFC Bank AAA 1.47% NHPC AAA 1.39% Equity 23.78% Banks 4.18% HDFC Bank 1.32% ICICI Bank 1.20% Kotak Mahindra Bank 0.84% State Bank of India 0.55% Lakshmi Vilas Bank 0.27% Pharmaceuticals 2.38% Natco Pharma 0.96% Alkem Laboratories 0.74% Aurobindo Pharma 0.24% Sun Pharmaceutical Industries 0.22% Cadila Healthcare 0.21% Auto 1.99% Maruti Suzuki India 1.30% Tata Motors 0.69% Power 1.52% Power Grid Corporation of India 1.14% PTC India 0.39% Consumer Non Durables 1.46% DCM Shriram 0.59% Mcleod Russel India 0.33% Linc Pen & Plastics 0.27% S H Kelkar and Company 0.26% Petroleum Products 1.42% Reliance Industries 0.99% SIP PERFORMANCE 7 Years 10 Years Feb 25, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,90,000 Total Value as on June 30, 2017 (`) 1,26,022 4,16,966 7,84,750 12,23,931 NA 13,21,942 Fund Returns (%) NA Total Value of Crisil MIP Blended # 1,26,474 4,20,112 7,80,876 11,96,469 NA 12,89,122 Crisil MIP Blended Returns (%) # NA 9.81 Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 12,29,191 CRISIL 10 Year Gilt Index Returns (%) ## NA 8.56 Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Rating % of NAV Castrol India 0.42% Software 1.34% Infosys 0.52% HCL Technologies 0.34% NIIT Technologies 0.32% Tech Mahindra 0.15% Industrial Products 1.20% FAG Bearings India 0.89% Timken India 0.31% Fertilisers 1.18% Coromandel International 1.18% Transportation 1.10% VRL Logistics 0.58% Blue Dart Express 0.53% Finance 1.00% JM Financial 0.71% SREI Infrastructure Finance 0.30% Oil 0.76% Oil & Natural Gas Corporation 0.76% Textiles - Cotton 0.64% Vardhman Textiles 0.64% Gas 0.64% Gujarat State Petronet 0.64% Textile Products 0.62% SRF 0.62% Miscellaneous 0.60% Dishman Carbogen Amcis 0.60% Construction Project 0.54% Larsen & Toubro 0.54% Construction 0.52% Ahluwalia Contracts (India) 0.52% Pesticides 0.44% Monsanto India 0.44% Non - Ferrous Metals 0.26% National Aluminium Company 0.26% Net Cash and Cash Equivalent 3.70% ** Basel III, Tier 1 Perpetual Performance Table Regular Plan - Growth Direct Plan - Growth Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 CAGR Returns (%) Current Value of Investment of ` 10,000 Feb 25, 2010 Feb 25, 2010 Jan 01, 2013 Jan 01, 2013 IDFC Monthly Income Plan 12.10% 10.45% 11.25% 9.81% 11,210 13,479 17,050 19, % 11.49% NA 11.05% 11,306 13,863 NA 16,020 CRISIL MIP Blended Index # 12.07% 10.56% 10.15% 8.97% 11,207 13,519 16,225 18, % 10.56% NA 9.89% 11,207 13,519 NA 15, Year GOI ## 11.69% 11.15% 8.46% 7.25% 11,169 13,736 15,017 16, % 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Sumit Agrawal (w.e.f. 20th October 2016) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. 18

21 IDFC Asset Allocation Fund of Funds An Open Ended Fund of Fund Scheme IDFC Asset Allocation Fund - Conservative Plan Nature: An Open - Ended Fund of Fund Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.08% Direct 0.59% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend IDFC Asset Allocation Fund - Moderate Plan Nature: An Open - Ended Fund of Fund Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.25% Direct 0.76% Benchmark: Crisil MIP Blended Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend IDFC Asset Allocation Fund - Aggressive Plan Nature: An Open - Ended Fund of Fund Scheme Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 11 February 2010 Fund Manager: Mr. Bhavin Patadia (w.e.f. 29th May 2017) Regular 1.46% Direct 0.93% Benchmark: Crisil Balanced Fund Aggressive Index SIP (Minimum Amount) : `1,000/- SIP Frequency : Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount : ` 5,000/- and any Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep) Exit Load: 1.50% if redeemed before 18 months from the date of allotment. Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend will be at Moderate risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. *Investors should consult their financial advisers if in doubt about whether the product is suitable will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model *Investors should consult their financial advisers if in doubt about whether the product is suitable will be at Moderately High risk Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. *Investors should consult their financial advisers if in doubt about whether the product is suitable Conservative Plan Moderate Plan Aggressive Plan CBLO 0.41% 0.27% 1.00% Clearing Corporation of India 0.41% 0.27% 1.00% Exchange Traded Funds 1.93% 9.15% 16.88% Reliance ETF Gold BeES % 10.14% IDFC Nifty ETF 1.93% 4.09% 6.74% Debt 85.45% 65.18% 40.21% IDFC Ultra Short Term Fund 42.77% 22.58% 7.70% IDFC Super Saver Income Fund - Short Term 21.29% 21.48% 16.31% HDFC Gilt Fund - Short Term Plan 7.15% 7.04% 5.40% SBI Magnum Gilt Fund - Short Term Plan 7.13% 7.02% 5.39% ICICI Prudential Short Term Gilt Fund 7.10% 7.06% 5.40% Equity 12.50% 25.19% 42.26% IDFC Classic Equity Fund 2.57% 4.21% 7.00% IDFC Sterling Equity Fund % 2.64% Reliance Growth Fund 2.51% 4.00% 6.84% HDFC Capital Builder Fund 2.47% 4.00% 6.77% HDFC Top 200 Fund 2.45% 4.90% 8.15% Birla Sun Life Top 100 Fund 2.49% 4.98% 8.31% Kotak Emerging Equity Scheme % 2.56% Net Current Asset -0.28% 0.21% -0.35% % % Standard Allocation % to net assets Standard Matrix Conservative Moderate Aggressive Plan Plan Plan Equity (Including Offshore Equity) Fund 10-15% 25-30% 45-50% Debt Fund(Including Liquid funds) 0-90% 0-70% 0-45% Alternate (Including Gold/ Commodity Equity Funds) 0% 5-10% 10-15% Money Market Securities 0-15% 0-15% 0-15% (w.e.f. 07 Dec, 2011) 19

22 IDFC Asset Allocation Fund of Funds An Open Ended Fund of Fund Scheme Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - CP - Regular Plan - Growth * 11.61% 10.16% 10.48% 9.25% 11,161 13,371 16,467 19,220 CRISIL MIP Blended Index # 12.07% 10.56% 10.15% 8.96% 11,207 13,519 16,225 18,852 CRISIL 10 Year Gilt Index ## 11.69% 11.15% 8.46% 7.29% 11,169 13,736 15,017 16,817 IDFC Asset Allocation Fund - CP - Direct Plan - Growth $ 12.17% 10.72% NA 10.89% 11,217 13,578 NA 15,509 CRISIL MIP Blended Index # 12.07% 10.56% NA 10.21% 11,207 13,519 NA 15,111 CRISIL 10 Year Gilt Index ## 11.69% 11.15% NA 8.19% 11,169 13,736 NA 13,970 * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Apr 02, Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - MP - Regular Plan - Growth * 12.49% 10.72% 11.41% 10.29% 11,249 13,578 17,173 20,610 CRISIL MIP Blended Index # 12.07% 10.56% 10.15% 8.96% 11,207 13,519 16,225 18,852 CRISIL 10 Year Gilt Index ## 11.69% 11.15% 8.46% 7.29% 11,169 13,736 15,017 16,817 IDFC Asset Allocation Fund - MP - Direct Plan - Growth $ 13.05% 11.28% NA 11.64% 11,305 13,785 NA 16,130 CRISIL MIP Blended Index # 12.07% 10.56% NA 10.09% 11,207 13,519 NA 15,178 CRISIL 10 Year Gilt Index ## 11.69% 11.15% NA 7.92% 11,169 13,736 NA 13,923 * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Feb 26, Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Asset Allocation Fund - AP - Regular Plan - Growth * 14.16% 11.07% 12.34% 10.81% 11,416 13,707 17,904 21,350 CRISIL Balanced Fund Aggressive Index # 13.85% 9.08% 11.73% 9.59% 11,385 12,981 17,421 19,673 CRISIL 10 Year Gilt Index ## 11.69% 11.15% 8.46% 7.29% 11,169 13,736 15,017 16,817 IDFC Asset Allocation Fund - AP - Direct Plan - Growth $ 14.77% 11.65% NA 11.58% 11,477 13,921 NA 16,363 CRISIL Balanced Fund Aggressive Index # 13.85% 9.08% NA 10.75% 11,385 12,981 NA 15,829 CRISIL 10 Year Gilt Index ## 11.69% 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Bhavin Patadia (w.e.f. 29th May 2017). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. #Benchmark Returns. ##Alternate Benchmark Returns. * Regular Plan - Growth Feb 11, $ Direct Plan - Growth Jan 01, IDFC All Season Bond Fund An Open Ended Fund of Fund Scheme About the Fund: All Seasons Bond Fund is a Fund of Fund (FOF) structure which can invest in one or more funds within our basket of short term offerings currently. The portfolio gives the fund manager the flexibility to play between debt and money market, benefiting from the accrual available in its space and optimizing the portfolio yields. Nature: Fund of Fund Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 13 September 2004 Fund Manager: Mr. Harshal Joshi (w.e.f 15th July 2016) Other Parameter Asset Quality Standard Deviation (Annualized) 1.65% AAA Equivalent 96.85% Regular 0.70% Modified Duration 2.13 Years AA+ 3.01% Direct 0.26% Average Maturity 2.56 Years AA 0.13% Yield to Maturity 7.24% Benchmark: CRISIL Short Term Bond (w.e.f. 30th November 2015) SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Half Yearly, Annual & Periodic Exit Load: 0.50% if redeemed or switched before 3 months (w.e.f. 09th October 2013) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Half Yearly Regular Plan Dividend Annual Regular Plan Dividend Fortnightly Regular Plan Dividend Daily NA Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Quarterly Direct Plan Dividend Fortnightly Direct Plan Dividend Periodic Performance Table will be at Moderately Low Risk This product is suitable for investors who are To generate short term optimal returns with high liquidity. Investment predominantly in debt oriented mutual fund schemes and money market instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable % of NAV Mutual Fund Units 99.99% IDFC Super Saver Income Fund Short Term 57.01% IDFC Money Manager Fund - Investment Plan 42.98% Net Cash and Cash Equivalent 0.01% Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC All Seasons Bond Fund - Regular Plan - Growth* 8.65% 8.81% 8.76% 7.71% 10,865 12,886 15,221 25,872 CRISIL Short Term Bond # 8.88% 9.12% 9.09% 7.62% 10,888 12,995 15,455 25,615 CRISIL 1 Year T-Bill ## 6.53% 7.57% 7.36% 6.08% 10,653 12,451 14,266 21,291 IDFC All Seasons Bond Fund - Direct Plan - Growth $ 9.13% 9.29% NA 9.33% 10,913 13,057 NA 14,743 CRISIL Short Term Bond # 8.88% 9.12% NA 9.14% 10,888 12,995 NA 14,631 CRISIL 1 Year T-Bill ## 6.53% 7.57% NA 7.24% 10,653 12,451 NA 13,557 The fund is being managed by Mr. Harshal Joshi (w.e.f 15th July 2016). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Sep 13, $ Direct Plan - Growth Feb 22,

23 IDFC Cash Fund An Open Ended Liquid Fund About the Fund: The Fund aims to invest in high quality debt and money market instruments with high liquidity and seeks to generate accrual income with low volatility. Nature: Liquid Fund Monthly Avg AUM: ` 10, Crores Month end AUM: ` Crores Date: 2 July 2001 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Standard Deviation (Annualized) 0.15% Modified Duration 48 Days Average Maturity 48 Days Yield to Maturity 6.45% Asset Quality AAA Equivalent % Regular 0.23% Direct 0.14% Benchmark: CRISIL Liquid SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Periodic Regular Plan Dividend Monthly Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Monthly Direct Plan Dividend Weekly Direct Plan Dividend Periodic Rating % of NAV Commercial Paper 70.64% NABARD A % Indiabulls Housing Finance A % Reliance Jio Infocomm A % Aditya Birla Finance A % Reliance Industries A % Vedanta A % Tata Capital Housing Finance A % Cholamandalam Invt and Fin Co A % India Infoline Housing Finance A % Piramal Enterprises A % Chennai Petroleum Corporation A % Mahindra Vehicle Mfg A % Shriram City Union Finance A % Small Industries Dev Bank of India A % TGS Investment & Trade Pvt A % Godrej Properties A % GIC Housing Finance A % L&T Finance A % JM Financial Credit Solution A % Piramal Finance Private A % Tata Housing Development Co A % IIFL Wealth Finance A % Reliance Retail A % Rating % of NAV Afcons Infrastructure A % Aditya Birla Fashion and Retail A % Mahindra Rural Housing Finance A % Tube Investments of India A % Trapti Trading & Invest Pvt A % Kotak Mahindra Prime A % JM Financial Services A % HDFC A % ICICI Securities A % Treasury Bill 34.64% 77 Days CMB SOV 18.12% 63 Days CMB SOV 10.02% 80 Days CMB SOV 6.45% 91 Days T-Bill SOV 0.07% Zero Coupon Bond 2.71% Kotak Mahindra Prime AAA 1.69% Kotak Mahindra Investments AAA 1.02% Certificate of Deposit 1.42% HDFC Bank A % Axis Bank A % Corporate Bond 0.05% Power Finance Corporation AAA 0.05% Net Cash and Cash Equivalent -9.47% will be at Low Risk To generate short term optimal returns with high liquidity. Investments in high quality money market and debt instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Cash Fund - Regular Plan % 7.90% 8.41% 7.95% 10,683 12,566 14,979 20,026 Growth* Crisil Liquid # 6.86% 7.83% 8.25% 7.62% 10,686 12,541 14,872 19,467 1 Year T-Bill ## 6.53% 7.57% 7.36% 6.48% 10,653 12,451 14,266 17,678 IDFC Cash Fund - Direct Plan % 7.98% NA 8.41% 10,692 12,592 NA 14,374 Growth $ Crisil Liquid # 6.86% 7.83% NA 8.29% 10,686 12,541 NA 14,306 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jun 04, $ Direct Plan - Growth Jan 01,

24 IDFC Ultra Short Term Fund An Open Ended Income Fund About the Fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income. Nature: Income Fund Monthly Avg AUM: ` 6, Crores Month end AUM: ` Crores Date: 17 January 2006 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) Standard Deviation (Annualized) 0.76% Modified Duration 340 Days Average Maturity 388 Days Yield to Maturity 7.00% Asset Quality AAA Equivalent 79.95% AA % Rating % of NAV Corporate Bond 52.85% HDFC AAA 6.73% Rural Electrification Corporation AAA 4.65% Power Finance Corporation AAA 4.21% L&T Infrastructure Finance Co AA+ 3.95% Cholamandalam Invt and Fin Co AA 3.60% Tata Capital Financial Services AA+ 3.05% Kotak Mahindra Prime AAA 2.88% LIC Housing Finance AAA 2.71% M&M Financial Services AAA 2.62% NABARD AAA 2.11% Small Industries Dev Bank of India AAA 2.03% Gruh Finance AAA 1.92% Tata Capital AA+ 1.75% Shriram Transport Finance Company AA+ 1.75% Rating % of NAV Coromandel International A % Axis Finance A % Tata Housing Development Co A % Power Finance Corporation A % Godrej Industries A % NABARD A % Vedanta A % Ashok Leyland A % Godrej Consumer Products A % Reliance Jio Infocomm A % Trapti Trading & Invest Pvt A % TGS Investment & Trade Pvt A % State Government Bond 10.54% 8.39% Rajasthan UDAY BOND SOV 5.90% 8.39% Rajasthan UDAY BOND SOV 2.72% AA 6.67% Regular 0.37% Direct 0.22% Benchmark: CRISIL Liquid SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic Exit Load: Nil ( 29th June 2012) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend Periodic Regular Plan Dividend Weekly Regular Plan Dividend Monthly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Periodic Direct Plan Dividend Weekly Direct Plan Dividend Monthly Direct Plan Dividend Quarterly will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. *Investors should consult their financial advisers if in doubt about whether the product is suitable L&T Housing Finance AA+ 1.31% JM Financial Products AA 1.30% Tata Motors AA+ 1.12% Tata Housing Development Co AA 1.05% Kotak Mahindra Investments AAA 0.87% Tata Motors AA 0.73% Export Import Bank of India AAA 0.67% Indiabulls Housing Finance AAA 0.61% L&T Finance AA+ 0.44% Bajaj Finance AAA 0.44% Indian Railway Finance Corp AAA 0.35% Commercial Paper 34.87% Tata Power Company A % Hindustan Zinc A % Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10, % Haryana UDAY BOND SOV 0.90% 8.39% Rajasthan UDAY BOND SOV 0.81% 7.67% Tamilnadu UDAY BOND SOV 0.18% 8.24% Tamilnadu UDAY BOND SOV 0.01% 8.04% Tamilnadu UDAY BOND SOV 0.01% 8.21% Rajasthan UDAY BOND SOV 0.01% Treasury Bill 1.79% 91 Days T-Bill SOV 1.79% Zero Coupon Bond 0.39% Kotak Mahindra Prime AAA 0.39% Certificate of Deposit 0.02% IndusInd Bank A % Net Cash and Cash Equivalent -0.45% IDFC Ultra Short Term Fund % 8.61% 8.98% 7.72% 10,824 12,813 15,377 23,452 Regular Plan - Growth* Crisil Liquid 6.86% 7.83% 8.25% 7.47% 10,686 12,541 14,872 22,824 1 Year T-Billl ## 6.53% 7.57% 7.36% 6.27% 10,653 12,451 14,266 20,080 IDFC Ultra Short Term Fund % 8.77% NA 9.07% 10,841 12,871 NA 14,778 Direct Plan - Growth $ Crisil Liquid Direct # 6.86% 7.83% NA 8.29% 10,686 12,541 NA 14,306 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jan 17, $ Direct Plan - Growth Jan 01,

25 IDFC Money Manager Fund Treasury Plan An Open Ended Income Fund About the Fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income. Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` Crores Date: 18 February 2003 Fund Manager: Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017) Standard Deviation (Annualized) 0.85% Modified Duration 403 Days Average Maturity 473 Days Yield to Maturity 7.08% Asset Quality AAA Equivalent 76.93% AA % AA 7.60% Regular 1.07% Direct 0.53% Benchmark: CRISIL Liquid (w.e.f 23rd July, 2015) SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend Periodic Rating % of NAV Corporate Bond 46.65% HDFC AAA 5.98% LIC Housing Finance AAA 5.68% Tata Motors AA+ 5.42% JM Financial Products AA 5.39% Kotak Mahindra Prime AAA 4.04% Tata Capital Financial Services AA+ 4.03% HDB Financial Services AAA 2.78% L&T Finance AA+ 2.69% Power Finance Corporation AAA 1.90% Sundaram BNP Paribas Home Finance AA+ 1.89% Tata Motors AA 1.40% L&T Infrastructure Finance Co AA+ 1.36% Export Import Bank of India AAA 1.35% Power Grid Corporation of India AAA 0.83% Tata Housing Development Co AA 0.81% NABARD AAA 0.81% NHPC AAA 0.27% Tata Capital Housing Finance AA+ 0.04% Rating % of NAV Commercial Paper 21.85% CESC A % ICICI Securities A % Power Finance Corporation A % Shapoorji Pallonji and Company Private A % NABARD A % Tata Housing Development Co A % Afcons Infrastructure A % State Government Bond 16.54% 8.39% Rajasthan UDAY BOND SOV 6.24% 8.39% Rajasthan UDAY BOND SOV 2.80% 8.21% Haryana UDAY BOND SOV 2.78% 8.60% Tamil Nadu SDL SOV 1.99% 8.39% Rajasthan UDAY BOND SOV 1.37% 7.38% Maharashtra Uday BOND SOV 1.35% Treasury Bill 5.33% 77 Days CMB SOV 5.33% Zero Coupon Bond 0.05% Aditya Birla Finance AA+ 0.05% Net Cash and Cash Equivalent 9.58% will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Money Manager Fund - Treasury 7.41% 7.98% 8.17% 6.85% 10,741 12,593 14,815 25,925 Plan - Regular Plan - Growth* Crisil Liquid # 6.86% 7.83% 8.25% 6.84% 10,686 12,541 14,872 25,883 1 Year T-Bill ## 6.53% 7.57% 7.36% 5.95% 10,653 12,451 14,266 22,935 IDFC Money Manager Fund - Treasury 8.02% 8.62% NA 8.87% 10,802 12,820 NA 14,656 Plan - Direct Plan - Growth $ Crisil Liquid # 6.86% 7.83% NA 8.29% 10,686 12,541 NA 14,306 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Feb 18, $ Direct Plan - Growth Jan 01,

26 IDFC Money Manager Fund Investment Plan An Open Ended Income Fund About the Fund: The Fund will invest in high quality money market and debt instruments and will be positioned in the short term category Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` Crores Date: 9 August 2004 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) Standard Deviation (Annualized) 1.03% Modified Duration 2.57 years Average Maturity 3.17 years Yield to Maturity 7.29% Asset Quality AAA Equivalent 93.46% AA+ 6.23% AA 0.31% Regular 0.46% Direct 0.24% Benchmark: CRISIL AAA Short Term Index (w.e.f. 26th September 2016) SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly, Annual & Periodic Exit Load: Nil (w.e.f June 22nd, 2017) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Quarterly Regular Plan Dividend Periodic Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend Periodic Direct Plan Dividend Quarterly Rating % of NAV Corporate Bond 68.13% Rural Electrification Corporation AAA 11.98% HDFC AAA 11.58% Shriram Transport Finance Company AA+ 6.23% LIC Housing Finance AAA 6.02% Small Industries Dev Bank of India AAA 5.35% NABARD AAA 5.32% Power Grid Corporation of India AAA 4.84% National Highways Auth Of Ind AAA 4.66% Power Finance Corporation AAA 4.13% Kotak Mahindra Investments AAA 3.13% M&M Financial Services AAA 2.20% Indian Railway Finance Corp AAA 0.64% NTPC AAA 0.63% Kotak Mahindra Prime AAA 0.63% Export Import Bank of India AAA 0.45% Cholamandalam Invt and Fin Co AA 0.31% HDB Financial Services AAA 0.05% State Government Bond 33.06% 8.73% Madhya Pradesh SDL SOV 4.61% 7.95% Maharastra SDL SOV 3.91% 8.39% Rajasthan UDAY BOND SOV 3.57% 8.75% Tamilnadu SDL SOV 3.30% 8.63% Tamilnadu SDL SOV 3.29% 8.21% Haryana UDAY BOND SOV 3.22% 8.93% Haryana SDL SOV 2.32% 7.95% Tamil Nadu SDL SOV 2.24% 8.88% Harayana SDL SOV 1.99% 8.62% Maharashtra SDL SOV 1.65% 8.71% Haryana SDL SOV 1.32% 8.92% Tamil Nadu SDL SOV 1.00% 8.66% Tamilnadu SDL SOV 0.66% Zero Coupon Bond 1.76% LIC Housing Finance AAA 1.76% Commercial Paper 0.06% Bajaj Finance A % Net Cash and Cash Equivalent -3.01% will be at Moderately Low Risk To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Money Manager Fund Investment 8.24% 8.50% 8.67% 7.67% 10,824 12,775 15,161 25,930 Plan - Regular Plan - Growth* CRISIL AAA Short Term Bond Index # 8.56% 8.95% 9.21% 8.33% 10,856 12,935 15,543 28,071 CRISIL 1 Year T-Bill ## 6.53% 7.57% 7.36% 6.05% 10,653 12,451 14,266 21,338 IDFC Money Manager Fund Investment 8.46% 8.70% NA 8.82% 10,846 12,847 NA 14,622 Plan - Direct Plan - Growth $ CRISIL AAA Short Term Bond Index # 8.56% 8.95% NA 8.99% 10,856 12,935 NA 14,724 CRISIL 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th September 2015) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Aug 09, $ Direct Plan - Growth Jan 01,

27 IDFC Banking & PSU Debt Fund (The Fund (erstwhile IDFC Banking Debt Fund) has been repositioned with effect from June 12, 2017 $$ ) An Open Ended Income Fund About the Fund: The Fund will predominantly invest in high quality money market and debt instruments of Banks, PSU and PFI. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 7 March 2013 Fund Manager: Mr. Anurag Mittal (w.e.f. 15th May 2017) Standard Deviation (Annualized) 0.35% Modified Duration 2.51 years Average Maturity 3.13 years Yield to Maturity 7.39% Asset Quality AAA Equivalent 81.19% AA % AA 8.73% Regular 0.41% Direct 0.22% Benchmark: Crisil Short Term Bond (w.e.f. 12th June 2017) SIP (Minimum Amount): ` 1000/- Rating % of NAV Corporate Bond 84.78% Rural Electrification Corporation AAA 14.14% Power Grid Corporation of India AAA 13.39% Indian Railway Finance Corp AAA 11.58% Power Finance Corporation AAA 9.52% ** Bank of Baroda AA 8.73% ** Axis Bank AA+ 7.89% Indiabulls Housing Finance AAA 5.75% Small Industries Dev Bank of India AAA 5.05% NTPC AAA 3.64% ** HDFC Bank AA+ 2.19% NHPC AAA 1.46% National Highways Auth Of Ind AAA 1.44% Government Bond 12.75% 7.59% G-Sec SOV 5.26% 7.68% G-Sec SOV 3.01% 8.15% G-Sec SOV 2.28% 7.16% G-Sec SOV 2.19% Net Cash and Cash Equivalent 2.47% ** Basel III, Tier 1 Perpetual SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic Exit Load: Nil (w.e.f. June 12th 2017) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Fortnightly Regular Plan Dividend Daily Regular Plan Dividend Monthly Regular Plan Dividend Quarterly Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Fortnightly Direct Plan Dividend Daily Direct Plan Dividend Monthly Direct Plan Dividend Quarterly will be at Moderately Risk Income over short to medium term A debt fund that invests predominantly in debt & money market instruments issued by PSU, Banks & PFI *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Banking & PSU Debt Fund % 7.94% NA 8.32% 10,660 12,580 NA 14,123 Regular Plan - Growth* Crisil Short Term Bond # 6.76% 7.80% NA 8.28% 10,676 12,530 NA 14,096 1 Year T-Bill ## 6.53% 7.57% NA 7.24% 10,653 12,451 NA 13,523 IDFC Banking & PSU Debt Fund % 8.06% NA 8.44% 10,671 12,621 NA 14,190 Direct Plan - Growth $ Crisil Short Term Bond # 6.86% 7.83% NA 8.30% 10,686 12,541 NA 14,108 1 Year T-Bill ## 6.53% 7.57% NA 7.24% 10,653 12,451 NA 13,523 The fund is being managed by Mr. Anurag Mittal (w.e.f. 15th May 2017) Current Index performance adjusted for the period from since inception to June 12, 2017 with the performance of Crisil Short Term Bond (Benchmark) & 1 Year T-Bill (Alternate Benchmark) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to June 12, 2017 with the performance of CRISIL Liquid (Benchmark) * Regular Plan - Growth Mar 07, $ Direct Plan - Growth Mar 07, $$ For details please refer Notice ( IDFC-Banking-Debt-Fund.pdf) 25

28 IDFC Super Saver Income Fund Short Term An Open Ended Income Fund About the Fund: A Short Term Income Fund, the portfolio is mostly a mix of short duration debt and money market instruments. The average portfolio maturity will not ordinarily exceed around 2 years. Nature: Debt Monthly Avg AUM: ` 5, Crores Month end AUM: ` Crores Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary ( 11th March 2011) Standard Deviation (Annualized) 1.36% Modified Duration 1.80 years Average Maturity 2.11 years Yield to Maturity 7.21% Asset Quality AAA Equivalent 99.41% AA+ 0.59% Regular 0.73% Direct 0.25% Rating % of NAV Corporate Bond 98.37% Housing Development Finance Corporation AAA 13.35% Power Finance Corporation AAA 11.60% National Bank For Agriculture and Rural Development AAA 10.06% Power Grid Corporation of India AAA 8.91% LIC Housing Finance AAA 8.24% Kotak Mahindra Prime AAA 7.75% Bajaj Finance AAA 7.52% Indian Railway Finance Corp AAA 5.34% UltraTech Cement AAA 4.91% Rural Electrification Corporation AAA 4.65% National Highways Auth Of Ind AAA 4.63% Small Industries Dev Bank of India AAA 3.92% Reliance Jio Infocomm AAA 1.98% HDB Financial Services AAA 1.54% NLC India AAA 1.38% NTPC AAA 0.98% Export Import Bank of India AAA 0.98% Mahindra & Mahindra Financial Services AA+ 0.59% HDFC Bank AAA 0.03% Net Cash and Cash Equivalent 1.63% Benchmark: CRISIL AAA Short Term Index (w.e.f. 26th September 2016) SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Fortnightly (Payout & Reinvestment), Monthly & Periodic Exit Load: Nil (w.e.f. 23rd May 2016) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Monthly Regular Plan Dividend Fortnightly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Monthly Direct Plan Dividend Fortnightly Direct Plan Dividend Periodic will be at Moderately Low Risk To generate optimal returns over short to medium term. Investments in good quality fixed income & Money Market securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Super Saver Income Fund 8.03% 8.48% 8.61% 7.67% 10,803 12,769 15,121 33,965 Short Term - Regular Plan - Growth* CRISIL AAA Short Term Bond Index # 8.56% 8.95% 9.21% NA 10,856 12,935 15,543 NA CRISIL 1 Year T-Bill ## 6.53% 7.57% 7.36% 6.32% 10,653 12,451 14,266 27,566 IDFC Super Saver Income Fund 8.62% 9.13% NA 9.17% 10,862 12,999 NA 14,838 Short Term - Direct Plan - Growth $ CRISIL AAA Short Term Bond Index # 8.56% 8.95% NA 8.99% 10,856 12,935 NA 14,724 CRISIL 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Suyash Choudhary ( 11th March 2011) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 14, $ Direct Plan - Growth Jan 01,

29 IDFC Corporate Bond Fund An Open Ended Income Fund About the Fund: The fund focuses on delivering returns through investment in the corporate bond segment. The fund will not have weighted average portfolio maturity of more than 5 years and shall not invest in G Secs. Nature: Open Ended Income Fund Monthly Avg AUM: ` 8, Crores Month end AUM: ` Crores Date: 12 January 2016 Fund Manager: Mr. Anurag Mittal (w.e.f. 12th January 2016) Standard Deviation (Annualized) 2.64% Modified Duration 2.39 years Average Maturity 2.84 years Yield to Maturity 7.30% Asset Quality AAA Equivalent % Regular 0.47% Direct 0.22% Benchmark: CRISIL Short Term Bond SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Rating % of NAV Corporate Bond 95.50% Rural Electrification Corporation AAA 11.44% Power Finance Corporation AAA 11.41% LIC Housing Finance AAA 9.15% Housing Development Finance Corporation AAA 7.58% HDB Financial Services AAA 6.05% Indian Railway Finance Corp AAA 5.57% Power Grid Corporation of India AAA 5.32% National Bank For Agriculture and Rural Development AAA 5.03% Mahindra & Mahindra Financial Services AAA 4.87% Bajaj Finance AAA 4.32% Export Import Bank of India AAA 4.25% Larsen & Toubro AAA 3.23% Tata Sons AAA 2.76% National Highways Auth Of Ind AAA 2.31% UltraTech Cement AAA 2.27% NTPC AAA 2.22% Gruh Finance AAA 2.14% Reliance Jio Infocomm AAA 1.25% Mahindra Vehicle Mfg AAA 1.25% NHPC AAA 1.02% Reliance Industries AAA 0.89% Small Industries Dev Bank of India AAA 0.88% Axis Finance AAA 0.31% Zero Coupon Bond 0.46% Mahindra & Mahindra Financial Services AAA 0.39% Kotak Mahindra Prime AAA 0.07% Net Cash and Cash Equivalent 4.04% Option Available: Dividend-Monthly, Quarterly, Half Yearly, Annual & Periodic Exit Load: Nil Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend - - Regular Plan Dividend Periodic Regular Plan Dividend Monthly Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend - - Direct Plan Dividend Periodic Direct Plan Dividend Monthly Direct Plan Dividend Quarterly Direct Plan Dividend Annual Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investment in corporate bonds & money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Corporate Bond Fund - Regular 9.54% NA NA 9.31% 10,954 NA NA 11,393 Plan - Growth* CRISIL Short Term Bond # 8.88% NA NA 8.98% 10,888 NA NA 11,343 1 Year T-Bill ## 6.53% NA NA 6.78% 10,653 NA NA 11,009 IDFC Corporate Bond Fund - Direct 9.91% NA NA 9.67% 10,991 NA NA 11,449 Plan - Growth $ CRISIL Short Term Bond # 8.88% NA NA 8.98% 10,888 NA NA 11,343 1 Year T-Bill ## 6.53% NA NA 6.78% 10,653 NA NA 11,009 The fund is being managed by Mr. Anurag Mittal (w.e.f 12th January 2016) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jan 12, $ Direct Plan - Growth Jan 12,

30 IDFC Credit Opportunities Fund An Open Ended Debt Fund About the Fund: IDFC Credit opportunities fund aims to provide an optimal risk-reward profile to investors by focusing on companies with well-run management and evolving business prospects or good businesses with improving financial profile. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 03 March 2017 Fund Manager: Mr. Arvind Subramanian (w.e.f. 03 rd March 2017) and Khushboo Sharma (w.e.f. 15th May 2017) Modified Duration 2.75 years Average Maturity 3.44 years Yield to Maturity 8.02% Asset Quality AAA Equivalent 27.27% AA 36.70% AA % AA- 9.10% Regular 1.34% Direct 0.30% Benchmark: 80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Rating % of NAV Corporate Bond 88.62% Tata Housing Development Co AA 7.12% Power Finance Corporation AAA 7.09% ** IndusInd Bank AA 5.62% Indiabulls Housing Finance AAA 5.60% Afcons Infrastructure AA 5.58% JM Financial Products AA 5.54% ** Axis Bank AA+ 5.52% Tata Power Company AA- 4.90% Idea Cellular AA+ 4.69% Hindalco Industries AA- 4.20% Vodafone Mobile Services AA 4.01% ** HDFC Bank AA+ 4.01% Tata Power Renewable Energy AA(SO) 3.96% L&T Housing Finance AA+ 3.96% ** ICICI Bank AA+ 3.21% Tata Motors AA+ 3.16% Tata Steel AA 2.45% Mahindra Rural Housing Finance AA+ 2.39% Gruh Finance AAA 2.37% Reliance Ports and Terminals AAA 1.63% Reliance Jio Infocomm AAA 1.62% State Government Bond 4.13% 8.39% Rajasthan UDAY BOND SOV 4.13% Zero Coupon Bond 2.42% Aditya Birla Fashion and Retail AA 2.42% Commercial Paper 1.53% Shapoorji Pallonji and Company Private A % Net Cash and Cash Equivalent 3.29% ** Basel III, Tier 1 Perpetual Minimum Investment Amount: ` 5,000/- and any Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility) Exit Load: 1% if redeemed/switched out within 365 days from the date of allotment Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Periodic Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Periodic Direct Plan Dividend Annual Direct Plan Dividend Half Yearly Direct Plan Dividend Quarterly will be at Moderate risk To generate optimal returns over medium term. To predominantly invest in a portfolio of corporate debt securities across the credit spectrum. *Investors should consult their financial advisers if in doubt about whether the product is suitable 28

31 IDFC Super Saver Income Fund Medium Term An Open Ended Income Fund About the Fund: The fund is positioned in the short term fund category and invests in a mix of debt and money market instruments. The overall average maturity of the fund will ordinarily not exceed around 4 years. MT is best suited for investors who want moderate participation. The around 4 year average maturity cap makes the fund well suited to offer lower volatility yet benefit from potential fall in interest rates. Nature: Debt Monthly Avg AUM: ` 4, Crores Month end AUM: ` Crores Date: 8 July 2003 Fund Manager: Mr. Suyash Choudhary (w.e.f. 15th September 2015) Standard Deviation (Annualized) 2.17% Modified Duration 2.76 years Average Maturity 3.46 years Yield to Maturity 7.23% Asset Quality AAA Equivalent % Regular 1.38% Direct 0.74% Benchmark: CRISIL Short Term Bond SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment), Monthly, Bi - Monthly (once in two months), Quarterly & Periodic Exit Load: 0.50% if redeemed/switched-out within 6 (six) months from the date of allotment (w.e.f. 11th May 2017) Rating % of NAV Corporate Bond 52.05% Housing Development Finance Corporation AAA 13.06% LIC Housing Finance AAA 9.85% Power Finance Corporation AAA 9.33% Kotak Mahindra Prime AAA 9.29% Rural Electrification Corporation AAA 3.77% Bajaj Finance AAA 2.22% Power Grid Corporation of India AAA 2.21% Export Import Bank of India AAA 0.80% ICICI Bank AAA 0.60% Indian Railway Finance Corp AAA 0.37% HDFC Bank AAA 0.25% National Bank For Agriculture and Rural Development AAA 0.12% National Highways Auth Of Ind AAA 0.12% HDB Financial Services AAA 0.04% Small Industries Dev Bank of India AAA 0.02% State Government Bond 27.15% 8.39% Rajasthan UDAY BOND SOV 5.83% 8.39% Rajasthan UDAY BOND SOV 5.15% 7.38% Maharashtra Uday BOND SOV 3.65% 8.21% Haryana UDAY BOND SOV 3.08% Rating % of NAV 7.63% Telangana UDAY BOND SOV 1.63% 7.67% Tamilnadu UDAY BOND SOV 1.55% 8.64% Uttar Pradesh UDAY BOND SOV 1.26% 8.39% Rajasthan UDAY BOND SOV 1.24% 7.76% Madhya Pradesh SDL SOV 1.22% 8.44% Uttar Pradesh UDAY BOND SOV 0.77% 8.25% Uttar Pradesh UDAY BOND SOV 0.69% 7.71% Gujarath SDL SOV 0.24% 7.77% Tamilnadu UDAY BOND SOV 0.24% 7.75% Tamil Nadu UDAY BOND SOV 0.24% 8.51% Uttar Pradesh UDAY BOND SOV 0.23% 7.68% Madhya Pradesh UDAY BOND SOV 0.13% Government Bond 17.42% 8.20% G-Sec SOV 9.05% 7.72% G-Sec SOV 5.99% 8.15% G-Sec SOV 2.39% Certificate of Deposit 0.02% Kotak Mahindra Bank A % Net Cash and Cash Equivalent 3.36% Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend BiMonthly Regular Plan Dividend Fortnightly Regular Plan Dividend Monthly Regular Plan Dividend Daily Regular Plan Dividend Quarterly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend BiMonthly Direct Plan Dividend Fortnightly Direct Plan Dividend Monthly Direct Plan Dividend Quarterly Direct Plan Dividend Daily Direct Plan Dividend Periodic Investors understand that their principal will be at Moderate risk To generate optimal returns over short to medium term. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 S IDFC Super Saver Income Fund - Medium 9.27% 9.06% 8.60% 7.70% 10,927 12,976 15,111 28,239 Term Plan - Regular Plan - Growth* CRISIL Short Term Bond # 8.88% 9.12% 9.09% 7.29% 10,888 12,995 15,455 26,771 1 Year T-Bill ## 6.53% 7.57% 7.36% 5.93% 10,653 12,451 14,266 22,400 IDFC Super Saver Income Fund - Medium 9.97% 9.75% NA 9.13% 10,997 13,222 NA 14,809 Term Plan - Direct Plan - Growth $ CRISIL Short Term Bond # 8.88% 9.12% NA 9.07% 10,888 12,995 NA 14,774 1 Year T-Bill ## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Suyash Choudhary (w.e.f. 15th September 2015) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jul 08, $ Direct Plan - Growth Jan 01,

32 IDFC Super Saver Income Fund Investment Plan An Open Ended Income Fund About the Fund: An actively managed bond fund which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation. Nature: Debt Monthly Avg AUM: ` 1, Crores Month end AUM: ` Crores Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.06% Modified Duration 6.59 years Average Maturity 9.96 years Yield to Maturity 7.27% Asset Quality AAA Equivalent % Regular 1.66% Direct 0.60% Benchmark: CRISIL Composite Bond SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Half Yearly, Annual & Periodic Exit Load: If redeemed/switched out within 365 days from the date of allotment: For 10% of investment : Nil, For remaining investment : 1% If redeemed/switched out after 365 days from the date of allotment: Nil Rating % of NAV Government Bond 45.41% 7.61% G-Sec SOV 25.47% 7.88% G-Sec SOV 10.73% 7.59% G-Sec SOV 5.81% 7.72% G-Sec SOV 2.03% 8.32% G-Sec SOV 1.37% State Government Bond 37.87% 8.21% Haryana UDAY BOND SOV 4.81% 7.59% Karnataka SDL SOV 4.65% 8.39% Rajasthan UDAY BOND SOV 3.72% 8.39% Rajasthan UDAY BOND SOV 3.54% 8.21% Haryana UDAY BOND SOV 3.20% 8.64% Uttar Pradesh UDAY BOND SOV 2.70% 8.21% Rajasthan UDAY BOND SOV 1.60% 8.25% Uttar Pradesh UDAY BOND SOV 1.45% 7.76% Madhya Pradesh SDL SOV 1.35% 8.44% Uttar Pradesh UDAY BOND SOV 1.22% 7.71% Gujarath SDL SOV 1.18% 7.63% Telangana UDAY BOND SOV 1.16% 7.67% Tamilnadu UDAY BOND SOV 1.01% 7.63% Gujarat SDL SOV 0.94% 7.59% Haryana SDL SOV 0.94% Rating % of NAV 7.51% Maharashtra SDL SOV 0.94% 7.6% Madhya Pradesh SDL SOV 0.71% 7.52% Gujarat SDL SOV 0.55% 8.51% Uttar Pradesh UDAY BOND SOV 0.49% 7.64% Haryana SDL SOV 0.47% 7.68% Madhya Pradesh UDAY BOND SOV 0.41% 8.47% Maharashtra SDL SOV 0.26% 8.52% Uttar Pradesh UDAY BOND SOV 0.24% 7.73% Rajasthan SDL SOV 0.24% 8.36% Maharashtra SDL SOV 0.12% Corporate Bond 14.17% Indian Railway Finance Corp AAA 7.31% NTPC AAA 3.85% Power Grid Corporation of India AAA 0.83% Power Finance Corporation AAA 0.79% Rural Electrification Corporation AAA 0.78% National Bank For Agriculture and Rural Development AAA 0.39% Export Import Bank of India AAA 0.23% Net Cash and Cash Equivalent 2.55% Plan Option Freq NAV Regular Plan Dividend Quarterly Regular Plan Growth Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Periodic Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Super Saver Income Fund 13.13% 11.09% 9.77% 8.73% 11,313 13,712 15,948 41,392 - Investment Plan - Regular Plan - Growth* CRISIL Composite Bond # 11.47% 10.91% 9.58% NA 11,147 13,646 15,804 NA 10 Year GOI ## 11.69% 11.15% 8.46% NA 11,169 13,736 15,017 NA IDFC Super Saver Income Fund % 12.04% NA 10.34% 11,432 14,068 NA 15,563 Investment Plan - Direct Plan - Growth $ CRISIL Composite Bond # 11.47% 10.91% NA 9.52% 11,147 13,646 NA 15, Year GOI ## 11.69% 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Jul 14, $ Direct Plan - Growth Jan 01,

33 IDFC Dynamic Bond Fund An Open Ended Income Fund About the Fund: The fund is positioned in the income fund category to take exposure across the curve depending upon the fund manager s underlying interest rate view where we employ the majority of the portfolio. It is a wide structure and conceptually can go anywhere on the curve. The fund plays the trade of the season which we think will sustain for a longer period of time. Nature: Debt Monthly Avg AUM: ` 4, Crores Month end AUM: ` Crores Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.06% Modified Duration 6.69 years Average Maturity years Yield to Maturity 7.26% Asset Quality AAA Equivalent % Regular 1.58% Direct 0.78% Benchmark: CRISIL Composite Bond SIP (Minimum Amount): ` 1000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly (March, June, September & December), Half Yearly, Annual, Regular & Periodic Exit Load: Nil (w.e.f. 17th October 2016) Rating % of NAV Government Bond 48.35% 7.61% G-Sec SOV 26.64% 7.88% G-Sec SOV 11.89% 7.59% G-Sec SOV 6.82% 7.72% G-Sec SOV 1.97% 8.32% G-Sec SOV 0.91% 8.12% G-Sec SOV 0.07% 6.35% G-Sec SOV 0.05% State Government Bond 36.69% 8.21% Haryana UDAY BOND SOV 5.24% 7.59% Karnataka SDL SOV 4.68% 8.39% Rajasthan UDAY BOND SOV 4.07% 8.21% Haryana UDAY BOND SOV 3.27% 8.64% Uttar Pradesh UDAY BOND SOV 2.90% 8.21% Rajasthan UDAY BOND SOV 1.58% 8.25% Uttar Pradesh UDAY BOND SOV 1.56% 7.71% Gujarath SDL SOV 1.49% 8.44% Uttar Pradesh UDAY BOND SOV 1.26% 8.39% Rajasthan UDAY BOND SOV 1.25% 7.63% Telangana UDAY BOND SOV 1.12% 7.63% Gujarat SDL SOV 1.03% 7.67% Tamilnadu UDAY BOND SOV 1.00% 7.59% Haryana SDL SOV 0.90% Rating % of NAV 7.51% Maharashtra SDL SOV 0.90% 7.6% Madhya Pradesh SDL SOV 0.74% 7.52% Gujarat SDL SOV 0.66% 8.36% Maharashtra SDL SOV 0.57% 8.51% Uttar Pradesh UDAY BOND SOV 0.56% 7.64% Haryana SDL SOV 0.45% 7.68% Madhya Pradesh UDAY BOND SOV 0.42% 7.73% Rajasthan SDL SOV 0.29% 8.52% Uttar Pradesh UDAY BOND SOV 0.29% 8.47% Maharashtra SDL SOV 0.26% 7.76% Madhya Pradesh SDL SOV 0.08% 7.99% Uttar Pradesh SDL SOV 0.06% 8.07% Rajasthan SDL SOV 0.03% 7.98% Haryana SDL SOV 0.02% Corporate Bond 12.51% Indian Railway Finance Corp AAA 4.78% NTPC AAA 4.68% National Bank For Agriculture and Rural Development AAA 1.31% Rural Electrification Corporation AAA 0.83% Power Grid Corporation of India AAA 0.75% Export Import Bank of India AAA 0.17% Net Cash and Cash Equivalent 2.45% Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Half Yearly Direct Plan Dividend Periodic Investors understand that their principal will be at Moderate risk To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Dynamic Bond Fund - Regular 13.35% 11.32% 9.97% 8.81% 11,335 13,801 16,090 20,635 Plan - Growth* CRISIL Composite Bond # 11.47% 10.91% 9.58% 8.51% 11,147 13,646 15,804 20, Year GOI ## 11.69% 11.15% 8.46% 6.30% 11,169 13,736 15,017 16,893 IDFC Dynamic Bond Fund - Direct % 12.33% NA 10.61% 11,434 14,178 NA 15,735 Plan - Growth $ CRISIL Composite Bond # 11.47% 10.91% NA 9.52% 11,147 13,646 NA 15, Year GOI ## 11.69% 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 03, $ Direct Plan - Growth Jan 01,

34 IDFC Government Securities Fund Short Term Plan An Open Ended Dedicated Gilt Fund ` About the Fund: The fund is a mix of government bonds, state development loans (SDLs), treasury bills and/or cash management bills. The fund will predominantly invest at the shorter end of the sovereign yield curve. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th May 2017) Other Parameter Asset Quality Standard Deviation (Annualized) 2.08% Sovereign % Regular 0.40% Modified Duration 2.33 years Direct 0.35% Average Maturity 2.91 years Yield to Maturity 6.93% Benchmark: I - Sec Si Bex (w.e.f. 30th November 2015) SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Weekly, Monthly, Quarterly & Periodic Exit Load: Nil. Yields for GSec/SDLs have been annualized wherever applicable. Plan Regular Plan Regular Plan Regular Plan Regular Plan Direct Plan Direct Plan Direct Plan Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund 9.48% 9.96% 10.27% 5.99% 10,948 13,299 16,312 24,397 STP - Regular Plan - Growth* I-Sec Si-BEX # 8.03% 8.76% 8.52% NA 10,803 12,869 15,056 NA CRISIL 1 Year T-Bill ## 6.53% 7.57% 7.36% 5.96% 10,653 12,451 14,266 24,292 IDFC Government Securities Fund STP - Direct Plan - Growth $ 9.65% 10.12% NA 10.39% 10,965 13,357 NA 15,593 I-Sec Si-BEX # 8.03% 8.76% NA 8.44% 10,803 12,869 NA 14,397 CRISIL 1 Year T-Bil l## 6.53% 7.57% NA 7.28% 10,653 12,451 NA 13,717 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th May 2017). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Mar 09, $ Direct Plan - Growth Jan 01, About the Fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Other Parameter Asset Quality Standard Deviation (Annualized) 6.66% Sovereign % Regular 0.76% Modified Duration 7.61 years Direct 0.27% Average Maturity years Yield to Maturity 7.21% Benchmark: I-Sec Composite Index SIP (Minimum Amount): ` 100/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 100/- and any Option Available: Growth, Dividend - Quarterly, Annual & Periodic Exit Load: Nil (w.e.f. 11th December 2014). Yields for GSec/SDLs have been annualized wherever applicable. This product is suitable for investors who are Plan Regular Plan Regular Plan Regular Plan Regular Plan Direct Plan Direct Plan Direct Plan Direct Plan To generate optimal returns over short to medium term. Option Growth Dividend Dividend Dividend Growth Dividend Dividend Dividend Investments in Government Securities and Treasury Bills. Freq - Quarterly Annual Periodic - Quarterly Annual Periodic *Investors should consult their financial Investors understand that their advisers if in doubt about whether the NAV principal will be at Moderate risk product is suitable Direct Plan Direct Plan Option Growth Dividend Dividend Dividend Growth Dividend Dividend Dividend Dividend Freq - Quarterly Annual Periodic - Quarterly Annual Periodic Weekly NAV Rating % of NAV State Government Bond 57.63% 8.21% Haryana UDAY BOND SOV 18.24% 7.67% Tamilnadu UDAY BOND SOV 14.66% 8.74% Karnataka SDL SOV 12.42% 8.92% Tamil Nadu SDL SOV 6.26% 8.39% Rajasthan UDAY BOND SOV 6.06% Government Bond 3.63% 8.12% G-Sec SOV 2.46% 6.35% G-Sec SOV 1.17% Net Cash and Cash Equivalent 38.74% Investors understand that their principal will be at Moderate risk IDFC Government Securities Fund Provident Fund Plan An Open Ended Dedicated Gilt Fund This product is suitable for investors who are To generate short to medium term optimal returns. Investments in Government Securities and Treasury Bills. *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV Rating % of NAV Government Bond 73.68% 7.59% Karnataka SDL SOV 3.77% 7.88% G-Sec SOV 30.92% 7.61% G-Sec SOV 21.24% 7.59% G-Sec SOV 12.29% 7.50% G-Sec SOV 5.23% 8.24% G-Sec SOV 4.01% State Government Bond 23.56% 7.71% Gujarath SDL SOV 6.16% 7.84% Maharashtra SDL SOV 4.96% 7.63% Gujarat SDL SOV 3.07% 8.21% Haryana UDAY BOND SOV 0.42% 8.52% Uttar Pradesh UDAY BOND SOV 0.32% 7.68% Madhya Pradesh UDAY BOND SOV 0.31% 8.47% Maharashtra SDL SOV 0.21% 8.36% Maharashtra SDL SOV 0.11% Net Cash and Cash Equivalent 2.76% 8.27% Tamilnadu SDL SOV 4.24% 32

35 IDFC Government Securities Fund Provident Fund Plan An Open Ended Dedicated Gilt Fund Performance Table Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund - PF Plan - Regular Plan - Growth* 15.36% 12.69% 11.18% 8.68% 11,536 14,316 16,999 30,143 I-Sec Composite Index # 11.04% 11.17% 9.88% 7.67% 11,104 13,745 16,025 26, Year GOI ## 11.69% 11.15% 8.46% 5.80% 11,169 13,736 15,017 21,126 IDFC Government Securities Fund - PF Plan - Direct Plan - Growth $ 15.76% 13.23% NA 11.54% 11,576 14,522 NA 16,338 I-Sec Composite Index # 11.04% 11.17% NA 9.72% 11,104 13,745 NA 15, Year GOI ## 11.69% 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010). Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages. # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Mar 29, $ Direct Plan - Growth Jan 01, IDFC Government Securities Fund Investment Plan An Open Ended Dedicated Gilt Fund About the Fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Nature: Debt Monthly Avg AUM: ` Crores Month end AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) Standard Deviation (Annualized) 6.57% Modified Duration 7.65 years Average Maturity years Yield to Maturity 7.21% Asset Quality Sovereign % Regular 1.43% Direct 0.83% Benchmark: I-Sec Composite Index SIP (Minimum Amount): ` 1,000/- SIP Dates (Monthly): Any day of the month, except 29th, 30th & 31st day of the month Minimum Investment Amount: ` 5,000/- and any Option Available: Growth, Dividend - Quarterly, Half Yearly, Annual, Regular & Periodic Exit Load: Nil (w.e.f. 15th July 2011) Plan Option Freq NAV Regular Plan Dividend Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Periodic NA Investors understand that their principal will be at Moderate risk To generate long term optimal returns. Investments in Government Securities and Treasury Bills. *Investors should consult their financial advisers if in doubt about whether the product is suitable Rating % of NAV Government Bond 76.73% 7.88% G-Sec SOV 31.74% 7.61% G-Sec SOV 20.20% 7.59% G-Sec SOV 16.35% 8.24% G-Sec SOV 4.90% 8.32% G-Sec SOV 3.54% State Government Bond 21.09% 7.71% Gujarath SDL SOV 5.49% 7.84% Maharashtra SDL SOV 4.35% 7.59% Karnataka SDL SOV 3.79% 8.27% Tamilnadu SDL SOV 3.71% Performance Table Rating % of NAV 7.63% Gujarat SDL SOV 2.90% 8.52% Uttar Pradesh UDAY BOND SOV 0.30% 8.47% Maharashtra SDL SOV 0.23% 7.68% Madhya Pradesh UDAY BOND SOV 0.20% 8.36% Maharashtra SDL SOV 0.11% 8.21% Haryana UDAY BOND SOV 0.02% Net Cash and Cash Equivalent 2.18% Scheme CAGR Returns (%) Current Value of Investment of ` 10,000 IDFC Government Securities Fund 14.46% 11.85% 10.72% 8.72% 11,446 13,997 16,647 20,488 IP - Regular Plan - Growth* I-Sec Composite Index # 11.04% 11.17% 9.88% 8.47% 11,104 13,745 16,025 20,081 CRISIL 10 Year GOI ## 11.69% 11.15% 8.46% 6.30% 11,169 13,736 15,017 16,893 IDFC Government Securities Fund 15.06% 12.63% NA 11.10% 11,506 14,294 NA 16,050 IP - Direct Plan - Growth $ I-Sec Composite Index # 11.04% 11.17% NA 9.72% 11,104 13,745 NA 15,172 CRISIL 10 Year GOI ## 11.69% 11.15% NA 8.20% 11,169 13,736 NA 14,251 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 30/06/2017. Past performance may or may not be sustained in future. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no & the respective fund pages # Benchmark Returns. ## Alternate Benchmark Returns. * Regular Plan - Growth Dec 03, $ Direct Plan - Growth Jan 01,

36 Performance Table (Others Funds Managed by the Fund Managers) Period Managing Benchmark Index Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Fund Manager : Mr. Anoop Bhaskar IDFC Classic Equity Fund S&P BSE % 18.08% 14.71% 9.91% 16.96% 14.16% IDFC Premier Equity Fund S&P BSE % 19.48% 15.61% 10.40% 21.08% 14.53% IDFC Sterling Equity Fund Nifty Free Float Midcap % 28.32% 18.45% 16.89% 21.00% 19.23% Mr. Anoop Bhaskar manages 4 schemes of IDFC Mutual Fund. Fund Manager : Mr. Anurag Mittal IDFC Monthly Income Plan CRISIL MIP Blended Index 12.10% 12.07% 10.45% 10.56% 11.25% 10.15% IDFC Cash Fund CRISIL Liquid 6.83% 6.86% 7.90% 7.83% 8.41% 8.25% IDFC Ultra Short Term Fund CRISIL Liquid 8.24% 6.86% 8.61% 7.83% 8.98% 8.25% IDFC Money Manager Fund Treasury Plan CRISIL Liquid 7.41% 6.86% 7.98% 7.83% 8.17% 8.25% IDFC Banking & PSU Debt Fund CRISIL Short Term Bond IDFC Corporate Bond Fund CRISIL Short Term Bond 6.60% 6.76% 7.94% 7.80% NA NA 9.54% 8.88% NA NA NA NA Mr. Anurag Mittal manages 6 schemes of IDFC Mutual Fund. Fund Manager : Mr. Arpit Kapoor IDFC Equity Fund S&P BSE % 14.68% 8.82% 7.68% 13.18% 12.47% IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 8.05% 13.85% NA NA NA NA IDFC Nifty Fund Nifty % 14.88% 8.58% 7.74% 13.33% 12.50% IDFC Arbitrage Fund CRISIL Liquid 6.14% 6.86% 6.81% 7.83% 7.66% 8.25% IDFC Arbitrage Plus Fund CRISIL Liquid 6.44% 6.86% 6.69% 7.83% 7.43% 8.25% Mr. Arpit Kapoor manages 5 schemes of IDFC Mutual Fund. Fund Manager : Mr. Arvind Subramanian IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 8.05% 13.85% NA NA NA NA Mr. Arvind Subramanian manages 2 schemes of IDFC Mutual Fund. Fund Manager : Mr. Bhavin Patadia IDFC Asset Allocation Fund of Fund - Aggressive Plan IDFC Asset Allocation Fund of Fund - Conservative Plan IDFC Asset Allocation Fund of Fund - Moderate Plan CRISIL Balanced Fund Aggressive Index 14.16% 13.85% 11.07% 9.08% 12.34% 11.73% CRISIL MIP Blended Index 11.61% 12.07% 10.16% 10.56% 10.48% 10.15% CRISIL MIP Blended Index 12.49% 12.07% 10.72% 10.56% 11.41% 10.15% Mr. Bhavin Patadia manages 3 schemes of IDFC Mutual Fund. Fund Manager : Mr. Daylynn Pinto IDFC Tax Advantage (ELSS) Fund S&P BSE % 18.08% 17.14% 9.91% 21.55% 14.16% IDFC Sterling Equity Fund Nifty Free Float Midcap % 28.32% 18.45% 16.89% 21.00% 19.23% Mr. Daylynn Pinto manages 2 schemes of IDFC Mutual Fund. Fund Manager : Mr. Harshal Joshi IDFC Arbitrage Fund CRISIL Liquid 6.14% 6.86% 6.81% 7.83% 7.66% 8.25% IDFC Arbitrage Plus Fund CRISIL Liquid 6.44% 6.86% 6.69% 7.83% 7.43% 8.25% IDFC All Seasons Bond Fund CRISIL Short-Term Bond 8.65% 8.88% 8.81% 9.12% 8.76% 9.09% IDFC Government Securities Fund Short Term Plan I-Sec Si-BEX 9.48% 8.03% 9.96% 8.76% 10.27% 8.52% IDFC Cash Fund CRISIL Liquid 6.83% 6.86% 7.90% 7.83% 8.41% 8.25% IDFC Money Manager Fund Tresury Plan IDFC Money Manager Fund Investment Plan Crisil Liquid 7.41% 6.86% 7.98% 7.83% 8.17% 8.25% CRISIL AAA Short Term Bond Index 8.24% 8.56% 8.50% 8.95% 8.67% 9.21% Performance based on NAV as on 30/06/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. 34

37 Performance Table (Others Funds Managed by the Fund Managers) Period IDFC Yearly Series Interval Fund - Series II - Direct Plan - Growth IDFC Fixed Term Plan - Series 27 - Growth IDFC Fixed Term Plan - Series 27 - Direct Plan - Growth IDFC Fixed Term Plan - Series ^66 - Growth IDFC Fixed Term Plan - Series ^66 - Direct Plan - Growth ^IDFC Fixed Term Plan - Series 70 - Growth ^IDFC Fixed Term Plan - Series 70 - Direct Plan - Growth ^IDFC Fixed Term Plan - Series 74 - Growth ^IDFC Fixed Term Plan - Series 74 - Direct Plan - Growth ^IDFC Fixed Term Plan - Series 75 - Growth ^IDFC Fixed Term Plan - Series 75 - Direct Plan - Growth ^IDFC Fixed Term Plan - Series 77 - Growth ^IDFC Fixed Term Plan - Series 77 - Direct Plan - Growth IDFC Fixed Term Plan - Series 78 - Growth IDFC Fixed Term Plan - Series 78 - Direct Plan - Growth ^IDFC Fixed Term Plan - Series 79 - Growth ^IDFC Fixed Term Plan - Series 79 - Direct Plan - Growth ^^IDFC Fixed Term Plan - Series 84 - Growth ^^IDFC Fixed Term Plan - Series 84 - Direct Plan - Growth ^^IDFC Fixed Term Plan - Series 86 - Growth ^^IDFC Fixed Term Plan - Series 86 - Direct Plan - Growth ^^IDFC Fixed Term Plan - Series 88 - Growth ^^IDFC Fixed Term Plan - Series 88 - Direct Plan - Growth ^^^IDFC Fixed Term Plan - Series 91 - Growth ^^^IDFC Fixed Term Plan - Series 91 - Direct Plan - Growth IDFC Fixed Term Plan - Series 97 - Growth IDFC Fixed Term Plan - Series 97 - Direct Plan - Growth IDFC Fixed Term Plan - Series 99 - Growth IDFC Fixed Term Plan - Series 99 - Direct Plan - Growth Managing Benchmark Index CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Composite Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond CRISIL Short-Term Bond Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) 6.82% 8.88% 8.25% 9.12% NA NA 6.70% 8.88% 8.16% 9.12% NA NA 6.80% 8.88% 8.27% 9.12% NA 9.09% 7.53% 11.47% 8.03% 10.05% NA NA 7.89% 11.47% 8.44% 10.05% NA NA 7.42% 11.47% 7.95% 10.05% NA NA 7.74% 11.47% 8.36% 10.05% NA NA 7.59% 11.47% 8.11% 10.05% NA NA 7.93% 11.47% 8.51% 10.05% NA NA 7.57% 11.47% 8.09% 10.05% NA NA 7.89% 11.47% 8.48% 10.05% NA NA 7.60% 11.47% 8.20% 10.05% NA NA 7.91% 11.47% 8.49% 10.05% NA NA 7.56% 8.88% 8.28% 9.12% NA NA 7.73% 8.88% 8.47% 9.12% NA NA 7.59% 11.47% 8.12% 10.05% NA NA 7.90% 11.47% 8.51% 10.05% NA NA 7.55% 11.47% 8.11% 9.98% NA NA 7.87% 11.47% 8.41% 9.98% NA NA 7.52% 11.47% 8.03% 9.98% NA NA 7.84% 11.47% 8.38% 9.98% NA NA 7.64% 11.47% 8.22% 9.98% NA NA 7.96% 11.47% 8.49% 9.98% NA NA 7.84% 11.47% 8.35% 10.06% NA NA 7.94% 11.47% 8.48% 10.06% NA NA 6.56% 8.88% 7.92% 9.12% NA NA 7.00% 8.88% 8.20% 9.12% NA NA 7.00% 8.88% 8.02% 9.12% NA NA 7.10% 8.88% 8.16% 9.12% NA NA Performance based on NAV as on 30/06/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. ^ Current Index performance adjusted for the period from since inception to April 8, 2015 with the performance of Crisil Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark). ^^ Current Index performance adjusted for the period from since inception to April 6, 2015 with th e performance of Crisil Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark). ^^^Current Index performance adjusted for the period from since inception to April 20, 2015 with the performance of Crisil Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark) 35

38 Performance Table (Others Funds Managed by the Fund Managers) Period IDFC Fixed Term Plan - Series Growth Managing Benchmark Index CRISIL Composite Bond Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) Scheme Return (%) Benchmark Return (%) 6.89% 11.47% NA NA NA NA IDFC Fixed Term Plan - Series Direct Plan - Growth CRISIL Composite Bond 6.89% 11.47% NA NA NA NA Mr. Harshal Joshi manages 43 schemes of IDFC Mutual Fund. Fund Manager : Mr. Rajendra Kumar Mishra IDFC Infrastructure Fund Nifty Infrastructure 44.01% 12.50% 15.37% -1.72% 13.26% 5.78% Mr. Rajendra Kumar Mishra manages 1 scheme of IDFC Mutual Fund. Fund Manager : Mr. Sumit Agrawal IDFC Equity Fund S&P BSE % 14.68% 8.82% 7.68% 13.18% 12.47% IDFC Dynamic Equity Fund CRISIL Balanced Fund 8.05% 13.85% NA NA NA NA Aggressive Index IDFC Nifty Fund Nifty % 14.88% 8.58% 7.74% 13.33% 12.50% IDFC Focused Equity Fund Nifty % 14.88% 11.76% 7.74% 13.84% 12.50% IDFC Monthly Income Plan CRISIL MIP Blended Index 12.10% 12.07% 10.45% 10.56% 11.25% 10.15% Mr. Sumit Agrawal manages 5 schemes of IDFC Mutual Fund. Fund Manager : Mr. Suyash Choudhary IDFC Super Saver Income Fund Short Term IDFC Super Saver Income Fund Medium Term IDFC Super Saver Income Fund Investment Plan CRISIL AAA Short Term Bond Index CRISIL Short-Term Bond CRISIL Composite Bond IDFC Dynamic Bond Fund CRISIL Composite Bond IDFC Government Securities Fund Investment Plan IDFC Government Securities Fund Provident Fund Plan 8.03% 8.56% 8.48% 8.95% 8.61% 9.21% 9.27% 8.88% 9.06% 9.12% 8.60% 9.09% 13.13% 11.47% 11.09% 10.91% 9.77% 9.58% 13.35% 11.47% 11.32% 10.91% 9.97% 9.58% I-Sec Composite Index 14.46% 11.04% 11.85% 11.17% 10.72% 9.88% I-Sec Composite Index 15.36% 11.04% 12.69% 11.17% 11.18% 9.88% Mr. Suyash Choudhary manages 7 schemes of IDFC Mutual Fund. Fund Manager : Mr. Yogik Pitti IDFC Arbitrage Fund CRISIL Liquid 6.14% 6.86% 6.81% 7.83% 7.66% 8.25% IDFC Arbitrage Plus Fund CRISIL Liquid 6.44% 6.86% 6.69% 7.83% 7.43% 8.25% Mr. Yogik Pitti manages 4 schemes of IDFC Mutual Fund. Performance based on NAV as on 30/06/2017. Past Performance may or may not be sustained in future Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses, etc. The performance details provided herein are of regular plan. ICRA Credit Risk Rating IDFC MMF-TP, IDFC MMF-IP, IDFC SSIF-ST, SSIF-MT, IDFC CBF : Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest credit- quality category. IDFC CASH FUND, IDFC USTF: Credit Risk Rating A1+mfs - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. Source: ICRA Ltd. CRISIL Credit Quality Rating IDFC SSIF-IP, IDFC DBF: CRISIL AAA mfs - Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. The rating of CRISIL is not an opinion on the Asset Management Company s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. CRISIL Credit Quality Rating Methodology CRISIL s credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund s overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL s rating default and transition rates. For details on closed ended funds, please refer the website FITCH Credit Quality Rating IDFC Cash fund: IND A1+ mfs - Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. 36

39 SIP Performance Monthly SIP of `10,000 IDFC All Seasons Bond Fund - Regular Plan - Growth 7 Years 10 Years Sep 13, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,40,000 Total Value as on June 30, 2017 (`) 1,24,816 4,08,762 7,47,300 11,43,510 18,38,766 26,63,246 Fund Returns (%) Total Value of CRISIL Short Term Bond # 1,24,990 4,10,907 7,53,250 11,56,193 18,67,841 26,86,814 CRISIL Short Term Bond Returns (%) # Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,872 23,88,551 CRISIL 1 Year T-Bill Index Returns (%) ## IDFC Cash Fund - Regular Plan - Growth 7 Years 10 Years Jun 04, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,90,000 Total Value as on June 30, 2017 (`) 1,24,275 4,02,968 7,34,017 11,29,043 NA 15,96,058 Fund Returns (%) NA 8.18 Total Value of Crisil Liquid # 1,24,304 4,02,659 7,33,109 11,21,810 NA 15,76,581 Crisil Liquid Returns (%) # NA 7.92 Total Value of CRISIL 1 Year T-Bill Index ## 1,23,825 4,00,525 7,21,280 10,89,085 NA 15,05,741 CRISIL 1 Year T-Bill Index Returns (%) ## NA 6.95 IDFC Ultra Short Term Fund - Regular Plan - Growth 7 Years 10 Years Jan 17, 2006 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,80,000 Total Value as on June 30, 2017 (`) 1,24,923 4,08,491 7,47,457 11,55,707 18,68,255 22,74,191 Fund Returns (%) Total Value of Crisil Liquid # 1,24,300 4,02,637 7,33,081 11,21,758 17,98,461 21,93,127 Crisil Liquid Returns (%) # Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,974 17,05,972 20,56,097 CRISIL 1 Year T-Bill Index Returns (%) ## IDFC Money Manager Fund - Treasury Plan - Regular Plan - Growth 7 Years 10 Years Feb 18, 2003 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,30,000 Total Value as on June 30, 2017 (`) 1,24,381 4,04,394 7,34,526 11,22,506 18,00,403 30,39,103 Fund Returns (%) Total Value of Crisil Liquid # 1,24,300 4,02,637 7,33,081 11,21,755 17,98,449 30,47,846 Crisil Liquid Returns (%) # Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,928 28,07,767 CRISIL 1 Year T-Bill Index Returns (%) ## IDFC Money Manager Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Aug 09, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,50,000 Total Value as on June 30, 2017 (`) 1,24,595 4,07,669 7,43,579 11,43,584 18,51,119 26,94,557 Fund Returns (%) Total Value of CRISIL AAA Short Term Index # NA NA NA NA NA NA CRISIL AAA Short Term Index Returns (%) # NA NA NA NA NA NA Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,872 24,09,947 CRISIL 1 Year T-Bill Index Returns (%) ## IDFC Banking & PSU Debt Fund - Regular Plan - Growth 7 Years 10 Years Mar 07, 2013 Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 5,20,000 Total Value as on June 30, 2017 (`) 1,23,922 4,02,740 NA NA NA 6,17,308 Fund Returns (%) NA NA NA 7.88 Total Value of Crisil Short Term Bond # 1,24,990 4,10,907 NA NA NA 6,32,906 Crisil Short Term Bond Returns (%) # NA NA NA 9.04 Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 NA NA NA 6,09,725 CRISIL 1 Year T-Bill Index Returns (%) ## NA NA NA 7.30 IDFC Super Saver Income Fund - Short Term - Regular Plan - Growth 7 Years 10 Years Dec 14, 2000 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 19,90,000 Total Value as on June 30, 2017 (`) 1,24,555 4,06,668 7,41,778 11,37,965 18,44,549 40,08,368 Fund Returns (%) Total Value of CRISIL AAA Short Term Index # NA NA NA NA NA NA CRISIL AAA Short Term Index Returns (%) # NA NA NA NA NA NA Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,872 34,57,448 CRISIL 1 Year T-Bill Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30,

40 SIP Performance Monthly SIP of `10,000 IDFC Corporate Bond Fund - Regular Plan - Growth 7 Years 10 Years Jan 12, 2016 Total Amount Invested (`) 1,20,000 NA NA NA NA 1,80,000 Total Value as on June 30, 2017 (`) 1,24,887 NA NA NA NA 1,92,269 Fund Returns (%) 7.69 NA NA NA NA 8.68 Total Value of CRISIL Short Term Bond # 1,24,990 NA NA NA NA 1,92,022 CRISIL Short Term Bond Returns (%) # 7.86 NA NA NA NA 8.51 Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 NA NA NA NA 1,88,989 CRISIL 1 Year T-Bill Index Returns (%) ## 5.96 NA NA NA NA 6.36 IDFC Super Saver Income Fund - Medium Term Plan - Regular Plan - Growth 7 Years 10 Years July 08, 2003 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,80,000 Total Value as on June 30, 2017 (`) 1,25,003 4,10,185 7,46,096 11,43,940 18,83,803 31,33,229 Fund Returns (%) Total Value of CRISIL Short Term Bond # 1,24,990 4,10,907 7,53,250 11,56,193 18,67,841 30,51,659 CRISIL Short Term Bond Returns (%) # Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,872 26,94,089 CRISIL 1 Year T-Bill Index Returns (%) ## IDFC Super Saver Income Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Jul 14, 2000 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 20,30,000 Total Value as on June 30, 2017 (`) 1,26,443 4,20,431 7,71,962 11,90,674 19,31,006 43,73,674 Fund Returns (%) Total Value of CRISIL Composite Bond # 1,25,737 4,20,729 7,75,183 11,85,550 18,99,038 NA CRISIL Composite Bond Returns (%) # NA Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 17,92,881 NA CRISIL 10 Year Gilt Index Returns (%) ## NA IDFC Dynamic Bond Fund - Regular Plan - Growth 7 Years 10 Years Dec 03, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,30,000 Total Value as on June 30, 2017 (`) 1,26,577 4,21,817 7,75,947 12,06,856 NA 15,79,393 Fund Returns (%) NA 9.71 Total Value of CRISIL Composite Bond # 1,25,737 4,20,729 7,75,183 11,85,550 NA 15,42,299 CRISIL Composite Bond Returns (%) # NA 9.18 Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 14,61,993 CRISIL 10 Year Gilt Index Returns (%) ## NA 7.97 IDFC G Sec Fund - Investment Plan - Regular Plan - Growth 7 Years 10 Years Dec 03, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,30,000 Total Value as on June 30, 2017 (`) 1,27,236 4,25,786 7,88,740 12,37,029 NA 16,20,410 Fund Returns (%) NA Total Value of I-Sec Composite Index # 1,25,420 4,20,855 7,77,828 11,99,183 NA 15,63,122 I-Sec Composite Index Returns (%) # NA 9.48 Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 14,61,993 CRISIL 10 Year Gilt Index Returns (%) ## NA 7.97 IDFC G Sec Fund - PF Plan - Regular Plan - Growth 7 Years 10 Years Mar 29, 2004 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,00,000 Total Value as on June 30, 2017 (`) 1,27,778 4,31,162 8,02,539 12,59,144 20,74,502 32,40,535 Fund Returns (%) Total Value of I-SEC Composite Index # 1,25,420 4,20,855 7,77,828 11,99,183 19,47,466 29,84,742 I-SEC Composite Index Returns (%) # Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 17,92,881 26,60,598 CRISIL 10 Year Gilt Index Returns (%) ## IDFC G Sec Fund - Short Term Plan - Regular Plan - Growth 7 Years 10 Years Mar 09, 2002 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,40,000 Total Value as on June 30, 2017 (`) 1,25,661 4,14,697 7,71,756 11,80,166 18,35,497 31,99,293 Fund Returns (%) Total Value of I-SEC Si-Bex # 1,24,675 4,08,448 7,43,416 11,36,018 18,32,875 NA I-SEC Si-Bex Returns (%) # NA Total Value of CRISIL 1 Year T-Bill Index ## 1,23,799 4,00,469 7,21,221 10,88,972 17,05,872 30,68,405 CRISIL 1 Year T-Bill Index Returns (%) ## Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30,

41 SIP Performance Monthly SIP of `10,000 IDFC Asset Allocation Fund of Fund - Conservative Plan Regular Plan - Growth 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,90,000 Total Value as on June 30, 2017 (`) 1,26,482 4,15,646 7,77,394 12,03,626 NA 12,98,587 Fund Returns (%) NA Total Value of Crisil MIP Blended # 1,26,474 4,20,112 7,80,876 11,96,469 NA 12,89,177 Crisil MIP Blended Returns # NA 9.81 Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 12,29,283 CRISIL 10 Year Gilt Index Returns (%) ## NA 8.56 IDFC Asset Allocation Fund of Fund - Moderate Plan Regular Plan - Growth 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,90,000 Total Value as on June 30, 2017 (`) 1,27,070 4,18,785 7,94,347 12,38,134 NA 13,39,045 Fund Returns NA Total Value of Crisil MIP Blended # 1,26,474 4,20,112 7,80,876 11,96,469 NA 12,89,177 Crisil MIP Blended Returns # NA 9.81 Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 12,29,283 CRISIL 10 Year Gilt Index Returns (%) ## NA 8.56 IDFC Asset Allocation Fund of Fund - Aggressive Plan Regular Plan - Growth 7 Years 10 Years Feb 11, 2010 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 8,90,000 Total Value as on June 30, 2017 (`) 1,28,510 4,22,332 8,14,125 12,67,010 NA 13,70,517 Fund Returns NA Total Value of CRISIL Balanced Fund Aggressive Index # 1,28,873 4,16,509 7,94,227 12,18,598 NA 13,13,433 CRISIL Balanced Fund Aggressive Index # NA Total Value of CRISIL 10 Year Gilt Index ## 1,25,197 4,20,295 7,61,409 11,45,911 NA 12,29,283 CRISIL 10 Year Gilt Index Returns (%) ## NA 8.56 Past performance may or may not be sustained in future.dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowence for the time impact of the transactions. Regular and Direct plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commision expenses etc. # Benchmark Returns. ## Alternate Benchmark Returns. Data as on June 30, Dividend History Last 3 Gross Dividends (`/unit) : Date Plan Dividend NAV IDFC Classic Equity Fund 27-Feb-17 Regular Plan Feb-16 Regular Plan Feb-15 Regular Plan Feb-17 Direct Plan Feb-16 Direct Plan Feb-15 Direct Plan IDFC Sterling Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan IDFC Premier Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan May-15 Direct Plan IDFC Focused Equity Fund 24-Jan-17 Regular Plan Jan-16 Regular Plan Jan-15 Regular Plan May 08 Regular Plan Jan-17 Direct Plan Jan-16 Direct Plan Jan-15 Direct Plan IDFC Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan Jan-15 Direct Plan IDFC Balanced Fund 22-May-17 Reg Plan Date Plan Dividend NAV 22-May-17 Dir Plan IDFC Arbitrage Fund 22-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Annually Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Annually IDFC Arbitrage Plus Fund 22-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Date Plan Freq Dividend NAV IDFC Tax Advantage Fund 27-Feb-17 Reg Plan Feb-16 Reg Plan Feb-15 Reg Plan Feb-17 Dir Plan Feb-16 Dir Plan Feb-15 Dir Plan IDFC Monthly Income Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Date Plan Freq Dividend NAV 27-Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly IDFC Asset Allocation Fund of Fund - CP 30-May-17 Reg Plan Apr-17 Reg Plan Mar-17 Reg Plan May-17 Dir Plan Apr-17 Dir Plan Mar-17 Dir Plan IDFC Asset Allocation Fund of Fund - MP 30-May-17 Reg Plan Dividend Apr-17 Reg Plan Dividend Mar-17 Reg Plan Dividend IDFC Asset Allocation Fund of Fund - AP 30-May-17 Reg Plan Dividend Apr-17 Reg Plan Dividend Mar-17 Reg Plan Dividend May-17 Dir Plan Apr-17 Dir Plan Mar-17 Dir Plan IDFC Dynamic Equity Fund 28-Apr-17 Reg Plan Jan-17 Reg Plan Oct-16 Reg Plan Apr-17 Dir Plan Jan-17 Dir Plan Oct-16 Dir Plan IDFC Corporate Bond Fund 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Aug-16 Reg Plan Dividend Mar-16 Reg Plan Dividend Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly

42 Dividend History Date Plan Freq Dividend NAV 22-Dec-16 Reg Plan Quarterly Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Aug-16 Dir Plan Dividend Mar-16 Dir Plan Dividend Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Mar-17 Dir Plan Annually IDFC All Seasons Bond Fund 22-Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly IDFC Cash Fund 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Sep-14 Reg Plan Periodic Dec-11 Reg Plan Periodic Sep-11 Reg Plan Periodic Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Sep-14 Dir Plan Periodic IDFC Ultra Short Term Fund 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Sep-14 Reg Plan Periodic May-13 Reg Plan Periodic Jan-12 Reg Plan Periodic Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-14 Dir Plan Periodic IDFC Money Manager Fund - Treasury Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly IDFC Banking & PSU Debt Fund 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan IDFC Money Manager Fund - Investment Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Date Plan Freq Dividend NAV 29-Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Mar-16 Dir Plan Periodic Dec-15 Dir Plan Periodic Sep-14 Dir Plan Periodic IDFC Super Saver Income Fund - Short Term Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly IDFC SSIF - Medium Term Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly May-17 Reg Plan BiMonthly Mar-17 Reg Plan BiMonthly Jan-17 Reg Plan BiMonthly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Jun-17 Dir Plan Monthly May-17 Dir Plan Monthly Apr-17 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly May-17 Dir Plan BiMonthly Mar-17 Dir Plan BiMonthly Jan-17 Dir Plan BiMonthly IDFC Super Saver Income Fund - Investment Plan 27-Jun-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-09 Reg Plan Annually Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-15 Dir Plan Annually IDFC GSF - Provident Fund Plan 27-Jun-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-15 Dir Plan Annually Jun-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-16 Dir Plan Periodic IDFC Dynamic Bond Fund 22-Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Sep-14 Dir Plan Annually Date Plan Freq Dividend NAV 22-Mar-17 Dir Plan Half Yearly Sep-16 Dir Plan Half Yearly Mar-16 Dir Plan Half Yearly IDFC GSF Investment Plan 27-Jun-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Mar-17 Reg Plan Annually Mar-16 Reg Plan Annually Mar-15 Reg Plan Annually Mar-17 Reg Plan Mar-16 Reg Plan Mar-15 Reg Plan Mar-17 Reg Plan Half Yearly Sep-16 Reg Plan Half Yearly Mar-16 Reg Plan Half Yearly Sep-14 Dir Plan Half Yearly Mar-14 Dir Plan Half Yearly Sep-13 Dir Plan Half Yearly Jun-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly Sep-16 Dir Plan Quarterly Mar-17 Dir Plan Mar-16 Dir Plan Mar-15 Dir Plan Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually Mar-14 Dir Plan Annually IDFC GSF - Short Term Plan 29-Jun-17 Reg Plan Monthly May-17 Reg Plan Monthly Apr-17 Reg Plan Monthly Jun-17 Reg Plan Quarterly Mar-17 Reg Plan Quarterly Dec-16 Reg Plan Quarterly Jan-17 Dir Plan Monthly Nov-16 Dir Plan Monthly Oct-16 Dir Plan Monthly Jun-17 Dir Plan Quarterly Mar-17 Dir Plan Quarterly Dec-16 Dir Plan Quarterly IDFC Credit Opportunities Fund 27-Jun-17 Reg Plan Quarterly Jun-17 Dir Plan Quarterly Dividend is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). Dividend received is subject to applicable dividend distribution tax. Face Value of all above schemes (excluding IDFC Cash Fund) is `10/- per unit. Face value of IDFC Cash Fund is `1000/- per unit. Past performance may or may not be sustained in future. 40

43 Fund Manager Details Total Experience of Fund Managers Years Years Mr. Anoop Bhaskar Head Equity 23+ Mr. Harshal Joshi 9+ Mr. Anurag Mittal 10+ Ms. Khushboo Sharma 3+ Mr. Arpit Kapoor 12+ Mr. Rajendra Mishra 14+ Mr. Arvind Subramanian 7+ Mr. Sumit Agrawal 12+ Mr. Bhavin Patadia 8+ Mr. Suyash Choudhary - Head Fixed Income 16+ Mr. Daylynn Pinto 12+ Mr. Yogik Pitti 10+ 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 Additional 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. SIP SIP 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 SIP 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. Benchmark 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 `100 and the entry load is 1%, the investor will enter the fund at `101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan 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 services 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 deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would be ` s99 per unit. 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 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. 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 Scheme 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. Investment Objective IDFC Classic Equity Fund IDFC Sterling Equity Fund IDFC Premier Equity Fund IDFC Focused Equity Fund IDFC Equity Fund The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the Nifty Free Float Midcap 100 or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of Nifty Free Float Midcap 100. The Scheme may also invest in stocks other than mid cap stocks (i.e. in stocks, which have a market capitalisation of above the market capitalisation range of the defined small - midcap stocks) and derivatives. On defensive consideration, the Scheme may also invest in debt and money market instruments. In case of discontinuation / suspension of Nifty Free Float Midcap 100, the AMC reserves the right to modify the definition of Mid cap and Small cap companies. In case of such a modification, the interest of investors will be of paramount importance. There can be no assurance that the investment objective of the scheme will be realized. The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The Scheme portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to longterm trends in the business environment. The Scheme shall endeavor to accumulate long-term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent shortterm money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined manageable corpus (approximate amount), which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long-term objectives of the fund. The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments (including Equity Derivatives). The scheme may also invest in debt & money market instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the scheme will be realized. 41

44 Investment Objective IDFC Nifty Fund The investment objective of the scheme is to replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC Infrastructure Fund The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of companies that are participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized. IDFC Tax Advantage (ELSS) Fund IDFC Arbitrage Fund IDFC Arbitrage Plus Fund IDFC Sensex Exchange Traded Fund IDFC Nifty Exchange Traded Fund IDFC Dynamic Equity Fund IDFC Balanced Fund IDFC Monthly Income Plan IDFC Asset Allocation Fund of Fund - Conservative Plan IDFC Asset Allocation Fund of Fund - Moderate Plan IDFC Asset Allocation Fund of Fund - Aggressive Plan IDFC All Seasons Bond Fund IDFC Cash Fund IDFC Ultra short Term Fund IDFC Money Manager Fund - Treasury Plan IDFC Money Manager Fund - Investment Plan IDFC Banking & PSU Debt Fund The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The investment objective of the Scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debtand money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital appreciation through investment in Debt & Money Market instruments. There is no assurance or guarantee that the objectives of the scheme will be realised. The Fund seeks to generate long term capital appreciation along with current income by investing in a mix of equity and equity related securities, debt securities and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. The primary objective of Scheme is to generate regular returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme s assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt oriented mutual fund schemesand money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized IDFC - CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions(PFIs) IDFC Super Saver Income Fund - Short Term Plan IDFC Corporate Bond Fund IDFC Credit Opportunities Fund IDFC Super Saver Income Fund - Medium Term Plan IDFC Super Saver Income Fund - Investment Plan IDFC Dynamic Bond Fund IDFC Government Securities Fund - Short Term Plan IDFC Government Securities Fund - Provident Fund Plan IDFC Government Securities Fund - Investment Plan The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. However, there is no assurance or guarantee that the objectives of the scheme will be realised. The Fund seeks to generate returns by predominantly investing in a portfolio of corporate debt securities across the credit spectrum within the investment grade. There is no assurance or guarantee that the objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the Scheme will be realized. IDFC GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by investing in Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. 42

45 IDFC DYNAMIC EQUITY FUND A hassle free way to dynamically allocate between EQUITY & DEBT FUND STRATEGY* Active Management Diversified Portfolio Tighter PE Bands (6 bands instead of 5) Simplified Model, using only PE (no 200 DMA) *Change in investment strategy for the scheme is effective from June 19, 2017 BENEFITS A model-based Dynamic allocation Active management of Equity Taxation approach between Equity & Debt Equity & Debt Portion (under prevailing tax laws) NATURE Open ended equity scheme BENCHMARK Crisil Balanced Fund-Aggressive index FUND MANAGERS Equity: Mr. Aprit Kapoor & Mr. Sumit Agrawal Dept: Mr. Arvind Subramanian MINIMUM APPLICATION AMOUNT Minimum application amount is Rs. 5,000 any This fund is for investors who are looking to invest in a fund that dynamically allocates between asset classes depending on market conditions (PE value). To know more about it, please contact your Relationship Manager. IDFC Dynamic Equity Fund To create wealth over a long period of time. Dynamic allocation towards equity, derivatives, debt & money market instruments. *Investors should consult their financial advisors if in doubt about whether the product is suitable Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

46 WEST Ahmedabad B Wing, 3rd Floor, Chandan House Opp Gruh Finance, Mithakhali Six Roads, Law Garden, Tel.: /925 Ahmedabad Bhopal Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] Bhilai 26, Commercial Complex, Nehru Nagar (East), Bhilai, Chhattisgarh, Pin Mobile No Goa F -27 & F -28, 1st Floor, Alfran Plaza, M.G Road, Opp. Don Bosco High School, Panjim - Goa , Tel.: Indore 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore Tel.: / Fax: Mumbai One IndiaBulls Centre 6th Floor, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone (W) Mumbai Tel No Mumbai (Churchgate) 2nd Floor,Ramon House, H.T Parekh Marg, 169,Backbay reclamation, Opp.Aakash wani, Churchgate Tel.: Mumbai Office No. 308, Zest Business Spaces, M. G. Road, Ghatkopar (East), (Maharashtra) Mumbai (Ghatkopar) Mumbai Shop No. 1, Konark Towers, Ghantali Devi Road, Thane (West) (Thane) Nagpur Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur Tel.: / Nasik Shop No - 6, Rajvee Enclave, New Pandit Colony, Off Sharanpur Road, Nasik Tel.: Mobile: Pune 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune Tel.: / 4. Raipur T-19,III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C G) Tel: Rajkot Star Plaza, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot Tel.: Surat U 15/16, Jolly Plaza, Athvagate, Surat Tel.: , Vadodara 301, 2nd Floor, Earth Complex, Opposite Vaccine Ground, Above Indian Overseas Bank, Old Padra Road, Vadodara Tel No.: / / NORTH Agra Office No. 307A, 3rd Floor, Block #38/4A, Sumriddhi Business Suites, Sanjay Place, Agra Tel.: Amritsar 6-FUF, 4th Floor Central Mall, Mall Road, Amritsar Tel.: Chandigarh SCO , 1st Floor, Sector 22, Chandigarh Tel.: / , Fax: Dehradun G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road, Dehradun Mobile: , Jaipur 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-Scheme, Jaipur Tel. No. : , , Jalandhar 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar Punjab-India. Tel.: Kanpur Office No , IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur Tel.: , Lucknow 1st floor, Aryan Business Park, Exchange Cottage, 90.M.G. Marg, Park Road, Lucknow , Mob: , Tel.: , Ludhiana SCO 122, 2nd Floor, Feroze Gandhi Market, Ludhiana Tel.: New Delhi 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi Tel.: / 02/ 03/ 04/ 05. Varanasi IDFC Asset Management Co. Ltd. 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi (U.P). Phone No Gurgaon 117, 1st Floor, Vipul Agora, M. G. Road, Gurgaon Ph: SOUTH Bangalore 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore Tel.: / 01/ 02/ 03, Fax Chennai KRM Tower, 8th floor, No. 1, Harrington Road, Chetpet, Chennai Tel.: / 202. Cochin 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin Tel: / , Fax: Coimbatore A Complex, No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore Hyderabad /7/C/2/S2, 2nd Floor, Amit Plaza, Somajiguda, Hyderabad Tel. No. : /47 Fax: Madurai No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai Tel.: Mangalore Shop No 4, Ground Floor, Raj Towers, Balmatta Road, Mangalore Tel. : Mysore CH 26, Shop No 1, 2nd Floor, 7th Main, 5th Cross ( Veta Building ) Saraswathipuram, Mysore Trivandrum T.C.2/3262(6), 1st Floor, RS Complex, Opposite LIC Building, Pattom P O, Trivandrum Tel. : Trichy N Abdulla No. 28, First Cross Extension, Anna Nagar, Tennur, Trichy EAST Bhubaneswar Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar Phone : / / Guwahati 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati Mobile: , , , Jamshedpur IDFC Mutual Fund, Room No.111, 1st Floor, Yashkamal Complex, Main Road, Bistupur, Jamshedpur , Ph No /111/222, Mobile No. : Kolkata Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata Tel.: / Patna 406, Ashiana Hariniwas, New Dakbanglow Road, Patna Tel.: Ranchi : 306, Shrilok Complex, 4 H B Road, Ranchi Phone : / Durgapur (West Bengal) 6/2A, Suhatta, 6th Floor, City Centre, Durgapur Phone No.: