FACTSHEET 30 April 2017

Transcription

1 FACTSHEET

2 Commentary - Equity Outlook WHAT WENT BY Global Factors Global Economy seems to be firing, finally: Global economy appears to be in the middle of a synchronised recovery. This is, in fact, the first time since 09 that all regions are participating. In 10-11, Eurozone was the headwind given Greek and Italian debt issues, and in 12-15, EMs disappointed, driven by China, Brazil and Russia. This time around, the Eurozone activity momentum is strong, as seen in latest Purchasing Managers Index (PMIs) and Ifo Business Climate index prints, which are consistent with 3% real GDP growth. EMs are also encouraging, with favourable base effects, ex China. Chinese growth momentum is under pressure given the rollover in stimulus support, but even there, house prices, consumption and loan growth remain stable. President Trump and the Fed continue to be the focal points: After facing defeat in the efforts to repeal Obamacare, President Trump is expected to shift his focus to cutting Corporate Tax Rates in the US. US corporates are currently subject to 35% Federal tax rate, in addition to state taxes. President Trump plans to cut this tax rate to 15%, in effect boosting EPS and th further supporting valuations. S&P 500 Index was up 1% in the month of April. The index is up 12.5% since 8 November 2016, the day of Trump s election victory. The US Fed is expected to continue raising interest rates through the year, though the frequency of these hikes may be limited to 2 as against earlier expectation of 3-4 hikes in CY 17. After strengthening for last couple of years, weakness in dollar: After the strength seen in the Dollar for the last couple of years due to the prospects of Fed raising interest rates, dollar has continued to depreciate after hitting a high in December. A key factor in Dollar weakness is the resurgence in Euro after positive electoral results in France and receding fears of nationalist/centrist parties gaining ground across key countries. In April, the Dollar Index depreciated 1.5%. Weak dollar was good news for emerging markets, resulting in increased FII flows. Any reversal in this trend could be negative for emerging markets including India. China market scare, other Emerging Markets unscathed: While, Emerging markets index was up 2.4% in April with Indian markets up 1.3% in dollar terms, China s benchmark Shanghai Composite Index retreated 2.1%in April. As per a Bloomberg report, this was triggered by a spike in bond yields as regulators overseeing banking, insurance and securities trading issued a flurry of directives, targeting everything from excessive borrowing to speculation in equities. Other Emerging markets like Brazil, Russia, Mexico and Indonesia ended in the green. Domestic Factors: Indian markets continued the upswing in April: Indian equities stayed strong in April as Mid and Small caps continued to outperform Large Cap Stocks (NSE Small Cap up 5.2%, NSE Mid Cap 4.8%, NIFTY 50 up 1.4%). Defensives underperformed as did export oriented sectors on INR strength, muted quarterly results and persistent regulatory concerns (for healthcare). Key outperforming sectors include Industrials (L&T on pick up in order inflows), Energy (BPCL on strong refining margins) and Cement (earnings surprise). RBI expectedly stays on hold: In the monetary policy review, RBI left the benchmark repo interest rate unchanged (at 6.25%). The monetary policy corridor was narrowed to 25bps (vs. 50bps earlier) to ensure better alignment of call rates with the repo rate. The commentary from the Central Bank was a tad hawkish. RBI upped the inflation projection for FY18 to 4.5-5% (vs. 4-5% earlier), with risks evenly balanced. The minutes of the April MPC meeting reveal that committee appears firmly focused on upside risks to inflation in the backdrop of achieving its medium-term inflation objective of 4%. 02

3 Commentary - Equity Outlook Q4 Earnings trends mixed so far: Due to year end, earnings season will extend till May end (41 of BSE200 companies have reported till April-end). The brief trailer of March 17 quarter results so far, indicates a fairly mixed trend. Specifically, Financials sector continues to witness asset quality pressures and high credit costs; though loan growth trends seem to be improving at the margin. IT sector earnings have been weak; while cement companies surprised positively on volumes amid demonetization concerns. Consensus earnings saw further cuts over last month with Energy (esp. Reliance), Telecom and IT sectors seeing notable downward revisions. Economic data points remain patchy: Inflation prints remain soft. PMI trends have been gradually improving from the demonetization lows; while Industrial Production print disappointed. March WPI inflation surprised positively, printing at 5.7% on lower-than-expected increase in food prices. CPI predictably accelerated from its Feb levels but stayed below 4%, printing at 3.8%. Met forecasts a normal monsoon despite expecting El Nino: IMD forecasts a normal South-West monsoon season (June-September) in its first seasonal forecast. Quantitatively, it projects rainfall of 96% of the Long Period Average (LPA) with a probability of 38%. Normal monsoon is defined as % of the LPA. Note some private sector forecasters have earlier pointed to the possibility of an El Nino effect. Mfs remain buyers; FIIs turn sellers: FIIs were net sellers of US$171mn of Indian equities in April, after recording sizeable inflows of US$5.1bn in March. DIIs turned net buyers at US$1.2bn in April led by mutual funds. MFs bought US$1.5bn of equities in April; while insurance companies were sellers (US$365mn). GOING FORWARD Over the month, consensus earnings estimates for the broad market (MSCI India) were revised downwards by 1% for FY18E. The Street now estimates earnings growth of 17% for FY18 (E) for the Nifty. The breadth of earnings revisions remains negative. For FY18 (E), 72% of universe saw cuts. Energy (Reliance), telecom (Idea, Bharti Airtel) and IT (Infosys, Wipro) sectors saw notable downward earnings. Earnings for the NIFTY companies for the Q3 FY17 quarter grew 12.5% YoY (6.8% excl Financials) while earnings growth for the broad BSE200 universe was 17.2% (10.8% excl Financials). Though earnings have broadly been in line with estimates, the estimates were themselves lowered post the announcement of demonetization in November. So the earnings are actually lower as compared to the pre-nov 8 estimates. March and June quarter earnings will be keenly watched as they give further clarity of the impact of demonetization. To sum up, investor flows into Domestic MFs remain robust as the attractiveness of alternate asset classes remains subdued. With green shoots of domestic growth visible, along with favourable global macro, elevated valuations could potentially sustain. GST implementation remains a keenly tracked event going forward with an expected multiplier impact on the economy over the medium to long term. Equity Markets Index % Change % Change P/E YTD MTD Nifty 9, % 1.42% Sensex 29, % 1.01% Dow Jones 20, % 1.34% Shanghai 3, % -2.11% Nikkei 19, % 1.52% Hang Sang 24, % 2.09% FTSE 7, % -1.62% MSCI E.M. (USD) % 2.04% MSCI D.M.(USD) 1, % 1.33% MSCI India (INR) 1, % 0.91% Currency & Last Price % Change % Change Commodities YTD MTD USD / INR Dollar Index Gold Crude OIL WTI (Nymex) Brent Crude India Macro Analysis Equity Flows Source: Bloomberg, SEBI Latest GDP 7.00 IIP Inflation (WPI Monthly) 5.70 Inflation (CPI Monthly) 3.81 Commodity (CRB Index) FII (USD mln) USD Mn YTD 6, MTD DII (USD mln) % -0.93% % -1.30% 1, % 1.52% % -2.51% % -2.08% YTD 3, MTD 1,

4 Commentary - Debt Outlook WHAT WENT BY Bond yields remained under pressure during the month with the 10 year benchmark (6.97% G Sec 2026) bond yield closing the month at 6.96% as compared to the previous month's close at 6.69% as the minutes of the April RBI policy (where RBI reiterated its neutral stance) created a new flutter amongst market participants. Specifically, Dr. Patra (a RBI representative to the MPC) has referred to a preference for a pre-emptive 25bps increase in the policy rate. In our view, while the comment obviously bears note, there is little fresh information embedded in these minutes. That the MPC is hawkish and has been concerned with inflation has been established all the way back in December. If anything, the standout in the latest minutes is that one external member, Dr. Dholakia, seems particularly dovish. Also, RBI Governor Dr. Patel himself seems far from contemplating a rate hike. The clearest indicator of this is the fact that he is still urging banks to cut lending rates. Given that monetary policy to a large extent works via the banking channel, Dr. Patel would not be wanting incrementally lower lending rates if he was seriously contemplating signaling a higher cost of capital via hiking the policy rate. The second most senior member from RBI, Dr. Acharya, is concerned about potentially narrowing output gap but is cognizant of the current uncertainties and is happy to focus on other issues for now; including resolving banking stress, mopping up surplus liquidity, and developing capital markets further. Hence we expect RBI to keep rates on prolonged pause. Supported by global liquidity and strong foreign inflows, rupee in April continued its appreciating bias while dropping under the 64 level, a level last see in August'15. Indian Rupee ended the month at level from in the previous month. Meanwhile as a first step to absorbing liquidity, RBI auctioned INR 500Bn of T-Bills in April'17 out of INR 1 trillion under its Market Stabilisation Scheme (MSS). CPI inflation for the month of March rose 3.81% as compared to 3.65% in previous month led by increased prices of food articles like fruits and vegetables. Meanwhile in spite of higher food prices, WPI inflation for March'17 eased to 5.70% from 6.55% in February'17 on account of lower inflation of the Manufactured and Fuel & Power inflation. IMD's first rainfall forecast estimates a normal rainfall this June-September monsoon with the volume estimated at 96% of Long Period Average (LPA). IMD also expects that the El Nino phenomenon could build around the latter half of the monsoon season but could be countered by a positive IOD (Indian Ocean Dipole). GOING FORWARD Going forward we do not expect RBI to change its monetary policy stance any time soon and is likely to monitor the second round effects of key risks it had highlighted in its last monetary th policy statement, namely 1) risks of El Nino, 2) implementation of GST, 3) risks to housing prices due to increase in allowances under the 7 Pay Commission, 4) increase in rural wages and how it impacts food prices, etc. In the last one year, we were focused on the idea of curve steepening (long end to come under pressure & short end to perform) & have benefited from this strategy. Currently, we no longer expect the yield curve to steepen over the next few months. RBI's policy stance has led the market to eliminate any possibility of rate cut expectations. Further, high supply of bonds (states & UDAY) has led to a sharp rise in yields at the longer end of the curve. Next six months, state bond supply will not be as heavy as this last six months and also the period is one where we typically see strong institutional demand. Moreover, global re-inflation trade now seems to be taking a breather. Thus, given the above view, we have tactically added duration in our bond and gilt funds via spread assets (state loans, UDAY, corporate bonds) bought at higher yields than that on long end G Secs. We believe these spread assets are well positioned on a total return basis (carry plus spread compression) for the next few months. However, it is possible that yield curve steepening may restart over the medium term and hence we may revisit our current view around the second half of the year. 03

5 IDFC Dynamic Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Buying Low and Selling High consistently is easier said than done! Historically, most investors have got attracted to investing in the markets at times when the markets have been in the expensive zone (high PE). Date: 10 October 2014 Fund Manager: Equity Portion: Agrawal (w.e.f. 1st March 2017) Mr. Arpit Kapoor & Mr. Sumit Debt Subramanian (w.e.f. 09th November 2015) Portion: About the Fund: IDFC Dynamic Equity Fund is an equity fund which Other Parameter: Portfolio Turnover Benchmark : Nifty 50 and CRISIL Balanced Fund Aggressive Index Asset Allocation: The weighted average PE of Nifty 50 (standalone) Mr. Arvind aims to dynamically manage the equity and debt exposure based on the month-end weighted average PE ratio and 200 Day Moving Average (DMA) of Nifty 50. Standard Deviation (Annualized) 6.03% Equity 0.35 Aggregate^ 4.39 th as on 28 April 2017 was and the 200DMA was (< spot Nifty). The allocation for the month of May will be around these levels: Money Market Instruments 35% Prudent investing demands the exact opposite in terms of behavior i.e. moving out of equity, as markets get expensive and moving into equity when markets get cheap. IDFC Dynamic Equity fund helps the investor Do The Opposite. If Nifty 50 weighted average PE is 7 31% 42% G = 1% Y = 17% R = 82% st th Source: Daily Sensex P/E (price from BSE, trailing 12 months earnings from Bloomberg) for the period 1 October 99 to 30 December 16. Net Inflow data from AMFI Investment Strategy: The portfolio is guided by an underlying quantitative model based on the month-end weighted average PE ratio and 200 Day Moving Average (DMA) of the Nifty 50. The equity exposure of the fund is determined as follows: If 200DMA <Spot index Equity Component of the portfolio If 200DMA >Spot index Below % 65-83% % 48-65% % 30-48% % 30% Above % 30% Gross Equity 65% - Equity Futures 17.5% (Net Equity: 47.5%) *The portfolio shall be rebalanced on the first business day of every month When the model indicates: Bullish pattern 100% Equity Expensive Valuation Restrict the equity exposure to 65% and if necessary will hedge this equity exposure by shorting the index (futures) up to the extent of 35% Equity exposure will be in proportion to the Nifty 50 stocks Balance will be invested predominantly in money market instruments Portfolio shall be rebalanced monthly ^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). The portfolio shall be rebalanced on the first business day of every month. 04

6 IDFC Dynamic Equity Fund SIP Performance: Monthly SIP of ` in IDFC Dynamic Equity - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of CRISIL Balanced Fund Aggressive Index CRISIL Balanced Fund Aggressive Index Returns Total Value of Nifty 50 Nifty 50 Returns Riskometer Investors understand that their principal will be at Moderately High risk 3 Years 5 Years 1,20,000 NA NA 3,10,000 1,25,134 NA NA 3,32, NA NA ,28,865 NA NA 3,49, NA NA ,31,152 NA NA 3,48, NA NA 8.98 IDFC Dynamic Equity Fund Oct 10, 2014 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, This product is suitable for investors who are seeking*: To create wealth over a long period of time Investment in equity &equity related instruments and for defensive purposes in the equity derivatives. The scheme may also invest in Debt & Money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (IDFC - DEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 5.94 HDFC Finance 4.63 ITC Consumer Non Durables 4.48 Reliance Industries Petroleum Products 4.39 Infosys Software 3.49 ICICI Bank Banks 3.08 Larsen & Toubro Construction Project 2.73 Tata Consultancy Services Software 2.30 Kotak Mahindra Bank Banks 2.05 State Bank of India Banks 1.76 Top 10 Equity Other Equity Certificate of Deposit 4.51 Corporate Bond 0.08 Commercial Paper 7.50 Margin Fixed Deposit 3.02 State Government Bond CBLO 5.07 Net Current Asset Equity Futures Total Grand Total For complete list of holdings please visit our website Industry Allocation: Banks 17.32% Software 7.75% Auto 6.95% Consumer Non Durables 6.71% Petroleum Products 5.95% Finance 5.25% Pharmaceuticals 3.41% Construction Project 2.73% Cement 2.15% Power 1.93% Oil 1.00% Telecom - Services 0.89% Minerals/Mining 0.69% Ferrous Metals 0.57% Non - Ferrous Metals 0.55% Media & Entertainment 0.55% Gas 0.52% Transportation 0.50% Auto Ancillaries 0.40% Telecom - Equipment & Accessories 0.35% NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Performance Table Regular Plan - Growth Scheme Name Oct 10, 2014 Oct 10, 2014 Oct 10, 2014 Oct 10, 2014 IDFC Dynamic Equity Fund CRISIL Balanced Fund - Aggressive Index Nifty % NA NA 5.77% 10,880 NA NA 11, % NA NA 8.37% 11,569 NA NA 12, % NA NA 6.84% 11,853 NA NA 11, % NA NA 7.09% 10,989 NA NA 11, % NA NA 8.37% 11,569 NA NA 12, % NA NA 6.84% 11,853 NA NA 11,837 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 28/04/2017 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 05

7 IDFC Classic Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 9 August 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) About the Fund: IDFC Classic Equity fund invests in both large cap and mid cap companies. The focus of the fund is to build a portfolio of Quality companies while being cognizant of the relative valuation. Other Parameter: Beta 0.98 R Square 0.90 Standard Deviation (Annualized) 14.65% Sharpe* 0.88 Portfolio Turnover Equity 0.43 Aggregate^ 1.67 Benchmark : S&P BSE 200 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as on th 28 April 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). Monthly SIP of ` in IDFC Classic Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of S&P BSE 200 S&P BSE 200 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years (IDFC - CEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 5.20 ITC Consumer Non Durables 3.70 Reliance Industries Petroleum Products 3.31 IndusInd Bank Banks 2.54 Indian Oil Corporation Petroleum Products 2.13 Axis Bank Banks 2.05 Bharat Electronics Industrial Capital Goods 1.99 Infosys Software 1.93 State Bank of India Banks 1.92 Hero MotoCorp Auto 1.92 For complete list of holdings please visit our website Aug 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,10,000 1,40,159 4,68,781 9,29,928 14,20,636 22,94,013 29,52, ,33,934 4,28,795 8,50,819 12,89,032 21,39,630 27,92, ,31,152 4,10,437 7,97,650 12,10,399 19,98,489 26,19, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 20.81% Petroleum Products 8.44% Finance 6.78% Cement 6.55% Consumer Non Durables 6.22% Software 5.51% Auto Ancillaries 4.74% Construction Project 4.48% Power 4.08% Auto 4.03% Industrial Capital Goods 3.29% Gas 2.88% Pharmaceuticals 2.78% Retailing 2.52% Industrial Products 2.05% Hotels, Resorts And Other Recreational Activities 1.84% Consumer Durables 1.45% Non - Ferrous Metals 1.42% Oil 1.12% Chemicals 1.10% Fertilisers 1.04% Media & Entertainment 0.58% Ferrous Metals 0.58% Textile Products 0.41% Riskometer IDFC Classic Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: 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 for them. Scheme Name Aug 09, 2005 Aug 09, 2005 IDFC Classic Equity Fund S&P BSE 200 Nifty % 22.99% 18.58% 19.06% 14.97% 11.60% 16.87% 13.83% 12.14% 12.69% 12.87% 12.58% 13,395 12,292 11,853 16,868 15,189 13,894 21,798 19,108 17,728 40,604 41,346 40,126 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 28/04/2017 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 36.33% 20.78% NA 15.62% 13,622 17,612 NA 18, % 14.97% NA 12.58% 12,292 15,189 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 06

8 IDFC Sterling Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` 1, 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) About the Fund: IDFC Sterling Equity Fund is a mid cap fund that focuses on active stock selection strategy. Other Parameter: Beta 1.00 R Square 0.86 Standard Deviation (Annualized) 18.23% Sharpe* 1.08 Portfolio Turnover Equity 0.37 Aggregate^ 0.41 Benchmark : Nifty Free Float Midcap 100 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Monthly SIP of in IDFC Sterling Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Nifty Free Float Midcap 100 Nifty Free Float Midcap 100 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 3 Years 5 Years 7 Years (IDFC - SEF) An Open Ended Equity Fund Top 10 Equity Holdings Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Name Industries % of NAV Future Retail Retailing 5.54 The Ramco Cements Cement 4.86 IndusInd Bank Banks 3.99 Bajaj Finance Finance 3.39 Engineers India Construction Project 3.30 KEC International Construction Project 2.95 VRL Logistics Transportation 2.77 Minda Industries Auto Ancillaries 2.21 HBL Power Systems Consumer Non Durables 2.07 KEI Industries Industrial Products 2.00 For complete list of holdings please visit our website Mar 07, ,20,000 3,60,000 6,00,000 8,40,000 11,00,000 1,47,365 4,88,858 10,47,098 16,77,582 29,12, ,44,570 4,99,428 10,71,222 16,23,434 25,34, ,31,152 4,10,437 7,97,650 12,10,399 18,08, NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 11.78% Construction Project 9.98% Auto Ancillaries 9.85% Retailing 8.58% Finance 7.14% Cement 6.84% Industrial Capital Goods 6.33% Media & Entertainment 4.25% Consumer Non Durables 3.94% Software 3.39% Consumer Durables 3.11% Transportation 2.77% Pharmaceuticals 2.75% Industrial Products 2.68% Petroleum Products 2.61% Hotels, Resorts And Other Recreational Activities 2.41% Power 2.19% Gas 2.04% Chemicals 1.81% Textile Products 1.62% Fertilisers 0.91% Ferrous Metals 0.81% Oil 0.23% Riskometer IDFC Sterling Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: 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 for them. Scheme Name Mar 07, 2008 Mar 07, 2008 IDFC Sterling Equity Fund Nifty Free Float Midcap 100 Nifty % 25.94% 19.99% 18.43% 13,978 19,961 24,856 47, % 27.25% 19.35% 11.83% 13,707 20,591 24,209 27, % 11.60% 12.14% 7.57% 11,853 13,894 17,728 19, % 26.99% NA 20.32% 14,104 20,465 NA 22, % 27.25% NA 18.75% 13,707 20,591 NA 21, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 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 28/04/2017 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 07

9 IDFC Premier Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` 5, Crores Date: 28 September 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) About the Fund: IDFC Premier Equity Fund is a Diversified Equity Fund. It encourages systematic investing by being a predominantly SIP/STP fund. Other Parameter: Beta 0.97 R Square 0.82 Standard Deviation (Annualized) 15.60% Sharpe* 1.07 Portfolio Turnover Equity 0.23 Aggregate^ 0.34 Benchmark : S&P BSE 500 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Monthly SIP of in IDFC Premier Equity Fund -Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of S&P BSE 500 S&P BSE 500 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years (IDFC - PEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of NAV FAG Bearings India Industrial Products 3.44 Container Corporation of India Transportation 3.38 JM Financial Finance 3.35 VA Tech Wabag Engineering Services 3.32 APL Apollo Tubes Ferrous Metals 3.24 Maruti Suzuki India Auto 3.22 Gujarat State Petronet Gas 3.20 Greaves Cotton Industrial Products 3.13 Asian Paints Consumer Non Durables 3.04 Voltas Construction Project 2.94 Sep 28, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,00,000 1,35,819 4,49,500 10,01,569 16,48,613 33,21,653 48,63, ,35,361 4,35,130 8,67,221 13,10,372 21,69,734 27,75, ,31,152 4,10,437 7,97,650 12,10,399 19,98,489 25,76, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth For complete list of holdings please visit our website NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Finance 14.42% Consumer Non Durables 10.64% Industrial Products 8.19% Transportation 8.13% Banks 6.29% Pharmaceuticals 5.38% Auto 5.28% Chemicals 4.16% Construction Project 3.36% Engineering Services 3.32% Ferrous Metals 3.24% Gas 3.20% Textiles - Cotton 2.46% IT Consulting & Other Services 2.46% Cement 2.27% Textile Products 2.15% Auto Ancillaries 2.13% Industrial Capital Goods 2.33% Trading 1.98% Consumer Durables 1.50% Construction 1.40% Petroleum Products 1.35% Media & Entertainment 1.10% Riskometer IDFC Premier Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: 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 for them. Scheme Name Sep 28, 2005 Sep 28, 2005 IDFC Premier Equity Fund S&P BSE 500 Nifty % 22.93% 20.80% 20.40% 12,190 18,567 25,715 86, % 15.89% 14.15% 11.91% 12,473 15,559 19,376 36, % 11.60% 12.14% 11.64% 11,853 13,894 17,728 35, % 23.85% NA 19.92% 12,284 18,986 NA 21, % 15.89% NA 13.00% 12,473 15,559 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 The fund is being managed by Mr. Anoop Bhaskar (w.e.f. 30th April 2016) Performance based on NAV as on 28/04/2017 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 08

10 IDFC Focused Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 16 March 2006 Fund Manager: Mr. Sumit Agrawal (w.e.f. 20th October 2016) About the Fund: A large cap fund with focus on active stock as well as sector selection. Other Parameter: Beta 1.01 R Square 0.93 Standard Deviation (Annualized) 14.54% Sharpe* 0.57 Portfolio Turnover Equity 1.57 Aggregate^ 2.03 Benchmark : Nifty 50 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Monthly SIP of ` in IDFC Focused Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Nifty 50 Index Nifty 50 Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 3 Years 5 Years 7 Years 10 Years (IDFC - FEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of NAV Maruti Suzuki India Auto 6.32 Bharat Electronics Industrial Capital Goods 5.56 Avenue Supermarts Retailing 5.51 Dishman Pharmaceuticals and Chemicals Pharmaceuticals 5.28 Kotak Mahindra Bank Banks 4.90 PNB Housing Finance Finance 4.71 SREI Infrastructure Finance Finance 4.53 The South Indian Bank Banks 4.37 Titan Company Consumer Durables 4.31 RBL Bank Banks 4.22 For complete list of holdings please visit our website Mar 16, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,40,000 1,40,898 4,38,757 8,43,457 12,53,208 20,76,850 24,90, ,31,152 4,10,437 7,97,650 12,10,399 19,98,489 23,67, ,29,989 4,01,011 7,75,728 11,74,625 19,33,428 22,80, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 21.32% Finance 11.38% Industrial Capital Goods 6.89% Gas 6.34% Auto 6.32% Retailing 5.51% Pharmaceuticals 5.28% Consumer Durables 4.31% Cement 3.46% Industrial Products 3.32% Auto Ancillaries 3.26% Software 3.12% Construction 3.09% IT Consulting & Other Services 2.77% Consumer Non Durables 2.50% Textile Products 2.40% Hotels, Resorts And Other Recreational Activities 1.96% Transportation 1.81% Miscellaneous 1.74% Riskometer IDFC Focused Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: 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 for them. Scheme Name Mar 16, 2006 Mar 16, 2006 IDFC Focused Equity Fund Nifty 50 S&P BSE Sensex 28.84% 14.43% 12.61% 11.06% 12,875 14,979 18,102 32, % 11.60% 12.14% 9.99% 11,853 13,894 17,728 28, % 10.11% 11.56% 9.52% 11,684 13,346 17,275 27, % 16.01% NA 12.87% 13,075 15,607 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15, % 10.11% NA 10.30% 11,684 13,346 NA 15,279 The fund is being managed by Mr. Sumit Agrawal (w.e.f. 20th October 2016) Performance based on NAV as on 28/04/2017 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 09

11 IDFC Equity Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 9 June 2006 Fund Manager: Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017) About the Fund: Positioned to mirror the broad sector weightages of the Nifty 50 and within those sectors there is active stock selection by the fund manager (within top 100 companies). Further, it will also invest in companies seeking growth capital through IPOs/secondary market issuances. Other Parameter: Beta (Nifty 50) 0.97 R Square (Nifty 50) 0.98 Standard Deviation (Annualized) 13.54% Sharpe* 0.42 Portfolio Turnover Equity 0.62 Aggregate^ 0.66 Benchmark : S&P BSE 100 th * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as on 28 April 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). Monthly SIP of ` in IDFC Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of S&P BSE 100 Index S&P BSE 100 Index Returns Total Value of Nifty 50 Nifty 50 Returns SIP Performance 3 Years 5 Years 7 Years 10 Years (IDFC - EF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 7.28 ICICI Bank Banks 5.07 ITC Consumer Non Durables 4.22 Larsen & Toubro Construction Project 3.99 Reliance Industries Petroleum Products 3.81 Kotak Mahindra Bank Banks 3.56 State Bank of India Banks 3.30 IndusInd Bank Banks 3.18 Maruti Suzuki India Auto 3.10 Infosys Software 2.79 For complete list of holdings please visit our website Jun 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,10,000 1,32,666 4,16,443 8,06,425 12,31,391 20,36,321 23,12, ,32,758 4,19,306 8,21,393 12,44,648 20,57,244 23,52, ,31,152 4,10,437 7,97,650 12,10,399 19,98,107 22,85, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 28.95% Consumer Non Durables 8.68% Petroleum Products 8.65% Auto 8.57% Finance 5.99% Software 5.84% Cement 4.50% Construction Project 3.99% Power 3.44% Gas 2.90% Retailing 2.35% Pharmaceuticals 1.92% Consumer Durables 1.43% Textile Products 1.07% Ferrous Metals 1.02% Oil 1.02% Industrial Capital Goods 1.00% Transportation 0.98% Auto Ancillaries 0.47% Riskometer IDFC Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long period of time. Investment predominantly in equity and equity related instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Scheme Name Jun 09, 2006 Jun 09, 2006 IDFC Equity Fund S&P BSE 100 Nifty % 11.81% 12.46% 9.68% 12,061 13,974 17,982 27, % 12.94% 12.92% 11.70% 12,127 14,400 18,355 33, % 11.60% 12.14% 11.41% 11,853 13,894 17,728 32, % 13.37% NA 12.59% 12,253 14,568 NA 16, % 12.94% NA 11.55% 12,127 14,400 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 The fund is being managed by Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017) Performance based on NAV as on 28/04/2017 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 10

12 IDFC Nifty Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 30 April 2010 Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the Nifty 50. Other Parameter: Beta 1.01 R Square 1.00 Standard Deviation (Annualized) 13.92% Sharpe* 0.45 Portfolio Turnover Equity 0.35 Aggregate^ 0.59 Tracking Error (Annualized) 0.65% Benchmark : Nifty 50 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as on th 28 April 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). Monthly SIP of ` in IDFC Nifty - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Nifty 50 Index Nifty 50 Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 3 Years 5 Years Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth (IDFC - NF) An Open Ended Index Linked Equity Scheme Apr 30, ,20,000 3,60,000 6,00,000 8,50,000 1,31,335 4,14,484 8,13,223 12,69, ,31,152 4,10,437 7,97,650 12,28, ,29,989 4,01,011 7,75,728 11,91, Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 8.80 HDFC Finance 6.87 ITC Consumer Non Durables 6.64 Reliance Industries Petroleum Products 6.50 Infosys Software 5.17 ICICI Bank Banks 4.57 Larsen & Toubro Construction Project 4.04 Tata Consultancy Services Software 3.41 Kotak Mahindra Bank Banks 3.04 State Bank of India Banks 2.60 For complete list of holdings please visit our website NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 25.50% Software 11.48% Auto 10.29% Consumer Non Durables 9.95% Petroleum Products 8.82% Finance 7.79% Pharmaceuticals 5.06% Construction Project 4.04% Cement 3.19% Power 2.86% Oil 1.48% Telecom - Services 1.32% Minerals/Mining 1.02% Ferrous Metals 0.85% Media & Entertainment 0.81% Gas 0.77% Transportation 0.75% Non - Ferrous Metals 0.72% Auto Ancillaries 0.59% Telecom - Equipment & Accessories 0.52% Riskometer Investors understand that their principal will be at Moderately High risk IDFC Nifty Fund This product is suitable for investors who are seeking*: 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 for them. Scheme Name Apr 30, 2010 Apr 30, 2010 IDFC Nifty Fund Nifty 50 S&P BSE Sensex 19.39% 12.49% 13.22% 9.44% 11,934 14,229 18,599 18, % 11.60% 12.14% 8.44% 11,853 13,894 17,728 17, % 10.11% 11.56% 7.91% 11,684 13,346 17,275 17, % 12.58% NA 11.77% 11,946 14,266 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15, % 10.11% NA 10.30% 11,684 13,346 NA 15,279 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 28/04/2017 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 11

13 IDFC Infrastructure Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 8 March 2011 Fund Manager: Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) 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. Other Parameter: Beta 0.74 R Square 0.75 Standard Deviation (Annualized) 18.87% Sharpe* 0.92 Portfolio Turnover Equity 0.55 Aggregate^ 0.55 Benchmark : Nifty Infrastructure * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Monthly SIP of ` in IDFC Infra - Regular Plan - Growth Total Amount Invested ( `) 1,20,000 3,60,000 6,00,000 7,40,000 Total Value as on Apr 28, 2017 ( `) 1,53,157 4,99,288 9,74,516 12,07,849 Fund Returns Total Values of Nifty Infrastructure 1,36,382 3,97,743 7,29,431 8,97,196 Nifty Infrastructure Returns Total Value of Nifty 50 Index 1,31,152 4,10,437 7,97,650 10,43,772 Nifty 50 Index returns Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth SIP Performance 3 Years 5 Years (IDFC - IF) An Open Ended Equity Scheme Fund Mar 08, 2011 Top 10 Equity Holdings Name Industries % of NAV Vedanta Non - Ferrous Metals 6.84 Engineers India Construction Project 5.58 Dilip Buildcon Construction 4.72 Indraprastha Gas Gas 4.65 NBCC (India) Construction 4.55 J.Kumar Infraprojects Construction 4.00 Larsen & Toubro Construction Project 3.89 Ahluwalia Contracts (India) Construction 3.63 Adani Transmission Power 3.59 Adani Ports and Special Economic Zone Transportation 3.30 For complete list of holdings please visit our website NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Construction 20.55% Construction Project 12.12% Power 10.80% Transportation 8.86% Industrial Capital Goods 8.34% Gas 8.25% Non - Ferrous Metals 7.86% Telecom - Services 4.49% Ferrous Metals 4.10% Engineering Services 3.20% Finance 2.96% Cement 2.58% Petroleum Products 1.69% Consumer Durables 1.13% Industrial Products 1.05% IDFC Infrastructure Fund Riskometer This product is suitable for investors who are seeking*: Create wealth over a long period of time. Investment predominantly in equity and equity related instruments of co m p a n i e s t h a t a re participating in and benefiting from growth in Indian infrastructure and Investors understand that their principal infrastructural related will be at High risk activities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Scheme Name Mar 08, 2011 Mar 08, 2011 IDFC Infrastructure Fund Nifty Infrastructure Nifty % 23.61% 12.76% 7.65% 14,961 18,877 18,225 15, % 7.65% 6.62% 1.93% 12,338 12,474 13,777 11, % 11.60% 12.14% 8.86% 11,853 13,894 17,728 16, % 25.43% NA 15.50% 15,181 19,722 NA 18, % 7.65% NA 5.19% 12,338 12,474 NA 12, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 The fund is being managed by Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) Performance based on NAV as on 28/04/2017 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 12

14 IDFC Tax Advantage (ELSS) Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 26 December 2008 Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th October 2016) 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, Other Parameter: Beta 1.03 R Square 0.84 Standard Deviation (Annualized) 15.97% Sharpe* 1.02 Portfolio Turnover Equity 0.56 Aggregate^ 0.56 Benchmark : S&P BSE 200 * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). (IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving Scheme with Lock in Period of 3 Years Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 5.74 ITC Consumer Non Durables 3.52 ICICI Bank Banks 3.29 The Ramco Cements Cement 3.25 Future Retail Retailing 3.16 Infosys Software 2.94 Engineers India Construction Project 2.67 KEC International Construction Project 2.65 Procter & Gamble Hygiene and Health Care Consumer Non Durables 2.60 Indian Oil Corporation Petroleum Products 2.34 For complete list of holdings please visit our website Industry Allocation: Banks 17.02% Consumer Non Durables 10.35% Construction Project 7.12% Software 6.87% Auto Ancillaries 6.17% Cement 5.39% Finance 5.22% Retailing 4.28% Petroleum Products 4.15% Pharmaceuticals 3.94% Auto 3.91% Gas 3.15% Media & Entertainment 2.84% Industrial Capital Goods 2.17% Transportation 1.96% Industrial Products 1.94% Chemicals 1.80% Consumer Durables 1.48% Non - Ferrous Metals 1.45% Power 1.25% Miscellaneous 0.98% Ferrous Metals 0.96% Fertilisers 0.87% Construction 0.77% Hotels, Resorts And Other Recreational Activities 0.67% SIP Performance Monthly SIP of ` in IDFC Tax Advantage (ELSS) Fund - Regular 7 Years Plan - Growth Dec 26, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 10,10,000 Total Value as on Apr 28, 2017 ( `) 1,40,145 4,61,989 9,98,887 16,01,642 22,18,374 Fund Returns Total Value of S&P BSE 200 1,33,934 4,28,795 8,50,819 12,89,032 17,26,266 S&P BSE 200 Returns Total Value of NIFTY 50 Index 1,31,152 4,10,437 7,97,650 12,10,399 16,09,506 NIFTY 50 Index Returns Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth NAV ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend IDFC Tax Advantage Fund -ELSS Riskometer Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: 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 for them. Scheme Name Dec 26, 2008 Dec 26, 2008 IDFC Tax Advantage (ELSS) Fund S&P BSE 200 Nifty % 22.48% 20.83% 20.69% 12,909 18,363 25,740 48, % 14.97% 13.83% 16.82% 12,292 15,189 19,108 36, % 11.60% 12.14% 15.20% 11,853 13,894 17,728 32, % 24.04% NA 20.60% 13,053 19,075 NA 22, % 14.97% NA 12.58% 12,292 15,189 NA 16, % 11.60% NA 10.89% 11,853 13,894 NA 15,635 The fund is being managed by Mr. Daylynn Pinto (w.e.f. 20th October 2016) Performance based on NAV as on 28/04/2017 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 13

15 IDFC Arbitrage Fund FUND FEATURES Nature: Equity & Equity Derivatives Monthly Avg AUM: ` 2, 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. 15th July 2016) 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. Other Parameter: Beta 1.01 R Square 0.46 Standard Deviation (Annualized) 0.49% Sharpe* 1.50 Portfolio Turnover Equity 3.16 Aggregate^ Benchmark : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Industry Allocation: Finance 15.19% Consumer Non Durables 6.40% Auto 5.83% Petroleum Products 4.84% Power 4.30% Cement 3.52% Ferrous Metals 3.44% Pesticides 3.23% Pharmaceuticals 2.85% Services 2.39% Banks 1.68% Construction Project 1.42% Oil 1.32% Auto Ancillaries 1.21% Non - Ferrous Metals 1.14% Gas 1.08% Telecom - Services 1.04% Industrial Capital Goods 1.01% Construction 1.00% Media & Entertainment 0.96% Consumer Durables 0.88% Textile Products 0.61% Software 0.60% Chemicals 0.57% Transportation 0.57% Industrial Products 0.53% Telecom - Equipment & Accessories 0.21% Minerals/Mining 0.02% (IDFC - AF) An Open Ended Equity Fund Portfolio Name Industries % of NAV UPL Pesticides 3.23 Indiabulls Housing Finance Finance 3.19 Bharat Financial Inclusion Finance 2.95 Aditya Birla Nuvo Services 2.39 ITC Consumer Non Durables 2.37 Tata Motors Auto 2.29 Reliance Capital Finance 2.25 Dewan Housing Finance Corporation Finance 2.07 Century Textiles & Industries Cement 1.87 United Spirits Consumer Non Durables 1.69 Reliance Infrastructure Power 1.69 Tata Global Beverages Consumer Non Durables 1.62 CESC Power 1.62 Ambuja Cements Cement 1.48 JSW Steel Ferrous Metals 1.46 Reliance Industries Petroleum Products 1.38 Oil & Natural Gas Corporation Oil 1.32 The Federal Bank Banks 1.31 Max Financial Services Finance 1.25 Bharat Petroleum Corporation Petroleum Products 1.23 Castrol India Petroleum Products 1.22 Tata Steel Ferrous Metals 1.19 Maruti Suzuki India Auto 1.17 Exide Industries Auto Ancillaries 1.14 Tata Communications Telecom - Services 1.04 Hindustan Zinc Non - Ferrous Metals 1.03 Mahindra & Mahindra Financial Services Finance 1.02 Ashok Leyland Auto 0.96 HDFC Finance 0.89 IRB Infrastructure Developers Construction 0.84 Voltas Construction Project 0.80 Jindal Steel & Power Ferrous Metals 0.79 Tata Motors Auto 0.79 Hindustan Petroleum Corporation Petroleum Products 0.74 Titan Company Consumer Durables 0.69 Petronet LNG Gas 0.69 Asian Paints Consumer Non Durables 0.69 BEML Industrial Capital Goods 0.67 Dish TV India Media & Entertainment 0.64 Arvind Textile Products 0.61 Bajaj Finance Finance 0.59 Reliance Power Power 0.53 Rural Electrification Corporation Finance 0.52 Larsen & Toubro Construction Project 0.49 Aurobindo Pharma Pharmaceuticals 0.49 Eicher Motors Auto 0.49 Adani Ports and Special Economic Zone Transportation 0.46 Lupin Pharmaceuticals 0.46 Dr. Reddy's Laboratories Pharmaceuticals 0.44 Pidilite Industries Chemicals 0.41 Indraprastha Gas Gas 0.39 Divi's Laboratories Pharmaceuticals 0.39 Sintex Industries Industrial Products 0.31 Granules India Pharmaceuticals 0.30 Zee Entertainment Enterprises Media & Entertainment 0.29 Strides Shasun Pharmaceuticals 0.27 For complete list of holdings please visit our website Name Industries % of NAV Indian Oil Corporation Petroleum Products 0.27 Power Grid Corporation of India Power 0.25 Tata Elxsi Software 0.25 Bharat Heavy Electricals Industrial Capital Goods 0.24 State Bank of India Banks 0.23 Sun Pharmaceutical Industries Pharmaceuticals 0.22 Bharti Infratel Telecom - Equipment & Accessories 0.21 Jain Irrigation Systems Industrial Products 0.20 JSW Energy Power 0.19 Muthoot Finance Finance 0.19 Bata India Consumer Durables 0.19 Glenmark Pharmaceuticals Pharmaceuticals 0.17 Tata Chemicals Chemicals 0.16 Infosys Software 0.13 Mahindra & Mahindra Auto 0.13 Engineers India Construction Project 0.13 ACC Cement 0.11 Hindalco Industries Non - Ferrous Metals 0.11 NIIT Technologies Software 0.11 InterGlobe Aviation Transportation 0.10 Power Finance Corporation Finance 0.10 Cadila Healthcare Pharmaceuticals 0.08 Shriram Transport Finance Company Finance 0.07 L&T Finance Holdings Finance 0.07 Indiabulls Real Estate Construction 0.07 ICICI Bank Banks 0.06 Bharat Electronics Industrial Capital Goods 0.06 Bosch Auto Ancillaries 0.06 The India Cements Cement 0.05 Oracle Financial Services Software Software 0.05 HDFC Construction 0.05 DLF Construction 0.04 Syndicate Bank Banks 0.04 LIC Housing Finance Finance 0.03 Britannia Industries Consumer Non Durables 0.03 Siemens Industrial Capital Goods 0.03 Sun TV Network Media & Entertainment 0.03 Tech Mahindra Software 0.03 Bank of Baroda Banks 0.03 MindTree Software 0.02 NMDC Minerals/Mining 0.02 IndusInd Bank Banks 0.02 Torrent Power Power 0.02 Cummins India Industrial Products 0.01 Motherson Sumi Systems Auto Ancillaries 0.01 Biocon Pharmaceuticals 0.01 Axis Bank Banks Total Hedged Equity Margin Fixed Deposit Certificate of Deposit 0.18 Corporate Bond Commercial Paper 7.08 Treasury Bill 0.04 Zero Coupon Bond 0.78 CBLO 3.97 Adjusted Net Current Asset Grand Total

16 IDFC Arbitrage Fund Monthly SIP of ` in IDFC Arbitrage Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Dec 21, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,50,000 1,23,698 3,96,595 7,18,557 10,99,822 17,53,950 18,56, ,24,296 4,03,253 7,34,611 11,23,673 17,99,633 19,05, ,31,152 4,10,437 7,97,650 12,10,399 19,98,489 21,18, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, NAV ( `) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend Riskometer Investors understand that their principal will be at Moderately Low risk IDFC Arbitrage Fund This product is suitable for investors who are seeking*: 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 Scheme Name Dec 21, 2006 Dec 21, 2006 Jan 17, 2013 Jan 17, 2013 IDFC Arbitrage Fund CRISIL Liquid Fund Index Nifty % 6.92% 7.82% 7.32% 10,616 12,220 14,568 20, % 7.98% 8.32% 7.62% 10,704 12,589 14,907 21, % 11.60% 12.14% 8.94% 11,853 13,894 17,728 24, % 7.52% NA 8.18% 10,674 12,428 NA 14, % 7.98% NA 8.36% 10,704 12,589 NA 14, % 11.60% NA 10.63% 11,853 13,894 NA 15,406 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. 15th July 2016) Performance based on NAV as on 28/04/2017 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 15

17 IDFC Arbitrage Plus Fund FUND FEATURES Nature: Equity Derivatives Monthly Avg 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. 15th July 2016) 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. Other Parameter: Beta 1.40 R Square 0.22 Standard Deviation (Annualized) 1.00% Sharpe* 0.55 Portfolio Turnover Equity 2.16 Aggregate^ Benchmark : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. * Risk-free rate assumed to be 6.18% (FBIL OVERNIGHT MIBOR as th on 28 April 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). Industry Allocation: Finance 13.87% Consumer Non Durables 8.78% Pharmaceuticals 6.63% Power 5.53% Industrial Capital Goods 4.29% Auto 4.25% Petroleum Products 3.83% Cement 3.63% Ferrous Metals 2.78% Banks 2.47% Construction 2.32% Industrial Products 1.91% Media & Entertainment 1.88% Software 1.31% Telecom - Services 1.00% Non - Ferrous Metals 0.74% Consumer Durables 0.69% Oil 0.56% Textile Products 0.54% Services 0.53% Construction Project 0.48% Chemicals 0.29% Auto Ancillaries 0.17% Gas 0.06% Minerals/Mining 0.05% (IDFC - APF) An Open Ended Equity Fund Portfolio Name Industries/Rating % of NAV Bharat Financial Inclusion Finance 4.64 Bharat Electronics Industrial Capital Goods 4.08 Lupin Pharmaceuticals 3.51 Century Textiles & Industries Cement 3.40 Indiabulls Housing Finance Finance 3.23 United Spirits Consumer Non Durables 2.73 Castrol India Petroleum Products 2.71 Tata Global Beverages Consumer Non Durables 2.29 Ashok Leyland Auto 2.20 The Federal Bank Banks 2.19 Dewan Housing Finance Corporation Finance 2.18 IRB Infrastructure Developers Construction 1.84 Sintex Industries Industrial Products 1.83 Reliance Capital Finance 1.82 Power Grid Corporation of India Power 1.70 Asian Paints Consumer Non Durables 1.69 ITC Consumer Non Durables 1.67 Aurobindo Pharma Pharmaceuticals 1.53 Reliance Power Power 1.45 CESC Power 1.40 Dish TV India Media & Entertainment 1.40 Tata Motors Auto 1.35 Max Financial Services Finance 1.24 Tata Steel Ferrous Metals 1.12 Tata Elxsi Software 1.11 Jindal Steel & Power Ferrous Metals 1.06 Tata Communications Telecom - Services 1.00 Reliance Infrastructure Power 0.89 Glenmark Pharmaceuticals Pharmaceuticals 0.87 Reliance Industries Petroleum Products 0.80 Titan Company Consumer Durables 0.69 Tata Motors Auto 0.69 Hindalco Industries Non - Ferrous Metals 0.65 JSW Steel Ferrous Metals 0.60 Oil & Natural Gas Corporation Oil 0.56 HDFC Finance 0.55 For complete list of holdings please visit our website Name Industries/Rating % of NAV SRF Textile Products 0.54 Aditya Birla Nuvo Services 0.53 TV18 Broadcast Media & Entertainment 0.48 Dr. Reddy's Laboratories Pharmaceuticals 0.45 Voltas Construction Project 0.40 Hindustan Petroleum Corporation Petroleum Products 0.32 Kaveri Seed Company Consumer Non Durables 0.29 Tata Chemicals Chemicals 0.28 Syndicate Bank Banks 0.28 Housing Development and Infrastructure Construction 0.26 Ambuja Cements Cement 0.23 DLF Construction 0.22 LIC Housing Finance Finance 0.22 Infosys Software 0.20 BEML Industrial Capital Goods 0.20 Apollo Tyres Auto Ancillaries 0.17 Cadila Healthcare Pharmaceuticals 0.17 Divi's Laboratories Pharmaceuticals 0.11 Britannia Industries Consumer Non Durables 0.11 PTC India Power 0.09 Hindustan Zinc Non - Ferrous Metals 0.09 Bharat Forge Industrial Products 0.08 Larsen & Toubro Construction Project 0.08 Indraprastha Gas Gas 0.05 Coal India Minerals/Mining 0.05 GAIL (India) Gas 0.01 Pidilite Industries Chemicals 0.01 Siemens Industrial Capital Goods 0.01 L&T Finance Holdings Finance 0.01 Total Hedged Equity Margin Fixed Deposit Corporate Bond CBLO 5.12 Adjusted Net Current Asset Grand Total

18 IDFC Arbitrage Plus Fund Monthly SIP of ` in IDFC Arbitrage Plus Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jun 09, ,20,000 3,60,000 6,00,000 8,40,000 NA 10,70,000 1,23,440 3,96,178 7,14,899 10,87,866 NA 14,83, NA ,24,296 4,03,253 7,34,611 11,23,673 NA 15,38, NA ,31,152 4,10,437 7,97,650 12,10,399 NA 17,52, NA Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, NAV ( `) Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Annual Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Annual Dividend IDFC Arbitrage Plus Fund Riskometer This product is suitable for investors who are seeking*: 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 Investors understand that their principal the balance in debt and money market will be at Moderate risk instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Performance Table Regular Plan - Growth Scheme Name Jun 09, 2008 Jun 09, 2008 Dec 31, 2013 Dec 31, 2013 IDFC Arbitrage Plus Fund CRISIL Liquid Fund Index Nifty % 6.72% 7.56% 7.04% 10,650 12,153 14,394 18, % 7.98% 8.32% 7.64% 10,704 12,589 14,907 19, % 11.60% 12.14% 8.51% 11,853 13,894 17,728 20, % 7.45% NA 7.64% 10,725 12,404 NA 12, % 7.98% NA 8.15% 10,704 12,589 NA 12, % 11.60% NA 12.42% 11,853 13,894 NA 14,759 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. 15th July 2016) Performance based on NAV as on 28/04/2017 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 17

19 IDFC Sensex Exchange Traded Fund FUND FEATURES Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] Monthly Avg AUM: ` 0.72 Crores Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti Other Parameter Benchmark : S&P BSE Sensex ^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). NAV ( `) Regular Plan Regular Plan Growth Dividend N.A (IDFC - SETF) Open Ended Exchange Traded Fund Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks HDFC Finance 8.86 ITC Consumer Non Durables 8.59 Reliance Industries Petroleum Products 8.39 Infosys Software 6.67 ICICI Bank Banks 5.89 Larsen & Toubro Construction Project 5.09 Tata Consultancy Services Software 4.38 State Bank of India Banks 3.35 Tata Motors Auto 3.22 For complete list of holdings please visit our website Industry Allocation: Banks 23.66% Consumer Non Durables 12.82% Software 12.18% Auto 11.45% Finance 8.86% Petroleum Products 8.39% Pharmaceuticals 5.83% Construction Project 5.09% Power 3.13% Oil 1.82% Telecom - Services 1.70% Minerals/Mining 1.25% Ferrous Metals 1.09% Transportation 1.06% Gas 0.96% IDFC Sensex Exchange Traded Fund Riskometer This product is suitable for investors who are seeking*: To create wealth over a long period of time Investment in securities covered by S&P BSE Sensex Index Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 18

20 IDFC Nifty Exchange Traded Fund FUND FEATURES Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] Monthly Avg AUM: ` 0.86 Crores Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti Other Parameter Benchmark : Nifty 50 ^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). NAV ( `) Regular Plan Regular Plan Growth Dividend N.A (IDFC - NETF) Open Ended Exchange Traded Fund Top 10 Equity Holdings Name Industries % of NAV HDFC Bank Banks 8.95 HDFC Finance 6.98 ITC Consumer Non Durables 6.76 Reliance Industries Petroleum Products 6.59 Infosys Software 5.24 ICICI Bank Banks 4.64 Larsen & Toubro Construction Project 4.12 Tata Consultancy Services Software 3.47 Kotak Mahindra Bank Banks 3.08 State Bank of India Banks 2.64 For complete list of holdings please visit our website Industry Allocation: Banks 25.90% Software 11.66% Auto 10.25% Consumer Non Durables 10.11% Petroleum Products 8.94% Finance 7.92% Pharmaceuticals 5.10% Construction Project 4.12% Cement 3.17% Power 2.91% Oil 1.50% Telecom - Services 1.34% Minerals/Mining 1.04% Ferrous Metals 0.86% Media & Entertainment 0.82% Gas 0.78% Transportation 0.76% Non - Ferrous Metals 0.73% Auto Ancillaries 0.53% Telecom - Equipment & Accessories 0.52% IDFC Nifty Exchange Traded Fund Riskometer This product is suitable for investors who are seeking*: To create wealth over a long period of time Investment in securities covered by Nifty 50 Index Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 19

21 IDFC Balanced Fund FUND FEATURES Nature: Equity Monthly Avg AUM: ` Crores Date: 30 December 2016 Fund Manager: Equity Portion: Mr. Anoop Bhaskar Debt Portion: Mr. Suyash Choudhary & Mr. Anurag Mittal 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. Benchmark : Crisil Balanced Fund Aggressive Index Riskometer IDFC - Balanced Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: To 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 for them. NAV ( `) Plan Freq NAV Regular Plan Dividend Regular Plan Growth Direct Plan Growth Direct Plan Dividend (IDFC - BF) An Open Ended Equity Fund Portfolio : Name Rating/Industry % of NAV HDFC Bank Banks 3.47 Reliance Industries Petroleum Products 2.63 ITC Consumer Non Durables 2.20 Axis Bank Banks 2.13 Larsen & Toubro Construction Project 1.71 Bharat Forge Industrial Products 1.45 IndusInd Bank Banks 1.43 Grasim Industries Cement 1.34 State Bank of India Banks 1.28 EIH Hotels, Resorts And Other Recreational Activities 1.27 ICICI Bank Banks 1.24 Max Financial Services Finance 1.19 Indian Oil Corporation Petroleum Products 1.14 Hero Motocorp Auto 1.13 Bharat Electronics Industrial Capital Goods 1.10 Top 15 Active Equity Holdings Other Active Equity Holdings Nifty Basket 5.00 Arbitrage Position % GOI (MD 09/06/2020) SOV % GOI (MD 11/06/2022) SOV % GOI(MD 09/05/2030) SOV % GOI (MD 22/06/2024) SOV 1.49 Government Bond State Bank of India* CRISIL AA ICICI Bank* ICRA AA IndusInd Bank* CRISIL AA 2.22 Axis Bank* CRISIL AA 2.18 Corporate Bond % Tamilnadu UDAY BOND (MD 22/02/2024) SOV % Tamilnadu UDAY BOND (MD 22/02/2025) SOV % Tamilnadu UDAY BOND (MD 22/02/2029) SOV % Tamilnadu UDAY BOND (MD 22/02/2027) SOV 0.74 Name Rating/Industry % of NAV 7.77% Tamilnadu UDAY BOND (MD 22/02/2026) SOV % Tamilnadu UDAY BOND (MD 22/02/2028) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV 0.26 State Government Bond 4.68 Margin FD 0.70 Net Current Asset 6.59 Grand Total * Basel III, Tier 1 Perpetual Industry Allocation: Banks 14.42% Petroleum Products 7.04% Auto 5.38% Cement 4.23% Consumer Non Durables 4.16% Pharmaceuticals 3.95% Finance 3.81% Software 3.73% Construction Project 2.58% Industrial Capital Goods 2.48% Power 2.21% Hotels, Resorts And Other Recreational Activities 2.03% Auto Ancillaries 1.71% Industrial Products 1.44% Gas 1.36% Non - Ferrous Metals 1.05% Media & Entertainment 0.94% Fertilisers 0.88% Retailing 0.75% Chemicals 0.58% Oil 0.52% Consumer Durables 0.50% Services 0.37% Ferrous Metals 0.35% Textile Products 0.34% Telecom - Services 0.07% Minerals/Mining 0.05% Transportation 0.04% Telecom - Equipment & Accessories 0.03% 20

22 IDFC Monthly Income Plan FUND FEATURES Nature: Debt Monthly Avg 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) 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 all cap portfolio. The Fixed Income portfolio is a mix of high quality debt and money market instruments. Other Parameter: Modified Duration: 4.35 years * Average Maturity: 5.93 years * Yield to Maturity: 7.63% *Of Debt Allocation Only Asset allocation: Equity 24.23% Debt 75.77% Benchmark : Crisil MIP Blended Index IDFC - Monthly Income Plan Riskometer This product is suitable for investors who are seeking*: 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 longterm capital appreciation. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (IDFC - MIP) An Open Ended Debt Fund Monthly income is not assured and is subject to availability of distributable surplus Portfolio : Name Rating/Industry % of NAV Name Rating/Industry % of NAV CBLO 6.95 Clearing Corporation of India 6.95 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.15 State Government Bond % GUJARAT SDL (MD 09/12/2025) SOV % Tamilnadu UDAY BOND (MD 22/02/2024) SOV % Tamilnadu UDAY BOND (MD 22/02/2029) SOV % Tamilnadu UDAY BOND (MD 22/02/2025) SOV % Tamilnadu UDAY BOND (MD 22/02/2027) SOV % Tamilnadu UDAY BOND (MD 22/02/2026) SOV % Tamilnadu UDAY BOND (MD 22/02/2028) SOV 2.02 Corporate Bond # ICICI Bank ICRA AA # IndusInd Bank CRISIL AA 4.05 Blue Dart Express ICRA AA 2.77 Small Industries Dev Bank of India CARE AAA 1.64 HDFC Bank CARE AAA 1.48 NHPC CARE AAA 1.39 Top 10 Equity HDFC Bank 1.25 Maruti Suzuki India 1.19 Power Grid Corporation of India 1.13 Reliance Industries 1.13 ICICI Bank 1.06 Coromandel International 0.99 FAG Bearings India 0.98 Oil & Natural Gas Corporation 0.90 Natco Pharma 0.90 Kotak Mahindra Bank 0.80 Other Equity Net Current Asset 1.52 Grand Total # Basel III, Tier 1 Perpetual NAV ( `) Regular Plan - Dividend Regular Plan - Growth Regular Plan - Dividend Quarterly Direct Plan - Dividend Direct Plan - Dividend Quarterly ASSET QUALITY: Plan Freq NAV AAA Equivalent 89.11% AA 6.82% AA+ 4.06% 21

23 IDFC Monthly Income Plan Monthly SIP of ` in IDFC Monthly Income Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil MIP Blended Fund Index Crisil MIP Blended Fund Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Feb 25, ,20,000 3,60,000 6,00,000 8,40,000 NA 8,70,000 1,27,363 4,20,074 7,90,125 12,28,741 NA 12,87, NA ,25,502 4,16,311 7,72,665 11,81,055 NA 12,35, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 11,72, NA 8.11 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Feb 25, 2010 Feb 25, 2010 IDFC MONTHLY INCOME PLAN CRISIL MIP Blended Index 10 Year GOI 13.72% 12.16% 11.11% 9.88% 11,368 14,106 16,931 19, % 11.17% 9.85% 8.79% 11,139 13,737 15,994 18, % 10.76% 8.51% 6.98% 10,961 13,584 15,038 16, % 13.19% NA 11.19% 11,462 14,498 NA 15, % 11.17% NA 9.63% 11,139 13,737 NA 14, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 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 28/04/2017 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 22

24 IDFC Asset Allocation Fund of Fund FUND FEATURES Nature: Fund of Funds Monthly Avg AUM: Conservative Plan (IDFC - AAF - CP) Date: 11 February 2010 Moderate Plan (IDFCAAF- MP) Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) The Asset Allocation Principle: The IDFC Asset Allocation Fund of Fund is based on two fundamental investing principles: 1. Not all asset classes perform at all time and it is very difficult to predict the market In the last 2 decades, no asset class has consistently outperformed; every asset class has had their phase of best performance. we don't know which asset class will do well periodically, we deal with this unpredictability by making sure that investors in the IDFC Asset Allocation Fund of Fund are given exposure to multiple asset classes viz. Equity, Debt and Gold. 2. Buy low and sell high for investment success Aggressive Plan (IDFCAAF- AP) `24.57 Crores `37.86 Crores `20.60 Crores The secret to investment success is buying when the asset markets are low. We move more money into an asset class when it gets cheaper by moving out of the asset class that is expensive, through periodic rebalancing. About The Fund: IDFC Asset Allocation Fund of Fund helps diversify your investment and provides participation across three asset classes - Debt, Equity and Gold. Equity allocation is towards a diversified portfolio that invests across market capitalizations. The Debt portfolio is a combination of short and long duration funds helping capture the movements across the yield curve. Allocation towards Gold is to hedge the portfolio against inflation. The allocation to the respective asset classes are rebalanced as per a pre-conceptualized matrix on a regular basis into three plans- Conservative, Moderate and Aggressive. Within each asset class the objective of the fund is to optimize the return by actively allocating assets to funds which best reflects the underlying macroeconomic theme. An Open Ended Fund of Funds Scheme Portfolio : Name CBLO Clearing Corporation of India Exchange Traded Funds Reliance ETF Gold BeES Debt IDFC Cash Fund IDFC Money Manager Treasury Plan IDFC Dynamic Bond Fund IDFC Super Saver Inc. Med Term Plan IDFC Super Saver Inc-Invt. Plan Equity IDFC Classic Equity Fund IDFC Sterling Equity Fund IDFC Premier Equity Fund IDFC Focused Equity Fund Net Current Asset Grand Total NAV ( `) (% of NAV) Conservative Moderate Aggressive Plan Plan Plan Plan Conservative Plan Moderate Plan Aggressive Plan Regular Plan - Growth Regular Plan - Dividend Direct Plan - Dividend Standard Allocation Standard Matrix Equity (Including Offshore Equity) Fund Debt Fund(Including Liquid funds) Alternate (Including Gold/ Commodity Equity Funds) Money Market Securities Conservative Plan Moderate Plan % to net assets Aggressive Plan 10-15% 25-30% 45-50% 0-90% 0-70% 0-45% 0% 5-10% 10-15% 0-15% 0-15% 0-15% Other Parameter: Conservative Plan Moderate Plan Aggressive Plan Modified Duration(for Debt scheme): 2.90 years 3.88 years 4.13 years Average Maturity(for Debt scheme): 4.04 years 5.42 years 5.79 years Yield to Maturity: 7.06% 7.42% 7.45% The expenses of the scheme will be over and above the expenses charged by the underlying schemes Benchmark Conservative Plan Moderate Plan Aggressive Plan Crisil MIP Blended Index Crisil MIP Blended Index Crisil Balanced Fund Aggressive Index (w.e.f. 07 Dec, 2011) Contd.. 23

25 IDFC Asset Allocation Fund of Fund Performance Table Regular Plan - Growth Scheme Name Feb 11, 2010 Feb 11, 2010 Apr 02, 2013 Apr 02, 2013 IDFC Asset Allocation Fund - Conservative Plan CRISIL MIP Blended Index 10 Year GOI 12.38% 11.27% 10.47% 9.30% 11,234 13,774 16,446 18, % 11.17% 9.85% 8.79% 11,139 13,737 15,994 18, % 10.76% 8.51% 7.02% 10,961 13,584 15,038 16, % 11.84% NA 11.02% 11,290 13,986 NA 15, % 11.17% NA 9.95% 11,139 13,737 NA 14, % 10.76% NA 7.75% 10,961 13,584 NA 13,553 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 28/04/2017 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 Regular Plan - Growth Scheme Name Feb 11, 2010 Feb 11, 2010 Feb 26, 2013 Feb 26, 2013 IDFC ASSET ALLOCATION FUND - MODERATE PLAN CRISIL MIP Blended Index 10 Year GOI 14.52% 12.70% 11.41% 10.41% 11,448 14,311 17,155 20, % 11.17% 9.85% 8.79% 11,139 13,737 15,994 18, % 10.76% 8.51% 7.02% 10,961 13,584 15,038 16, % 13.27% NA 11.90% 11,504 14,528 NA 15, % 11.17% NA 9.82% 11,139 13,737 NA 14, % 10.76% NA 7.48% 10,961 13,584 NA 13,507 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 28/04/2017 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 Regular Plan - Growth Scheme Name Feb 11, 2010 Feb 11, 2010 IDFC ASSET ALLOCATION FUND - AGGRESSIVE PLAN CRISIL Balanced Fund Aggressive Index 10 Year GOI 18.05% 14.31% 12.32% 11.06% 11,799 14,931 17,871 21, % 11.62% 11.40% 9.46% 11,569 13,903 17,150 19, % 10.76% 8.51% 7.02% 10,961 13,584 15,038 16, % 14.90% NA 11.99% 11,862 15,163 NA 16, % 11.62% NA 10.58% 11,569 13,903 NA 15, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 The fund is being managed by Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Performance based on NAV as on 28/04/2017 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 24

26 IDFC Asset Allocation Fund of Fund Monthly SIP of ` in IDFC Asset Allocation Fund of Funds - Conservative Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil MIP Blended Fund Index Crisil MIP Blended Fund Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Feb 11, ,20,000 3,60,000 6,00,000 8,40,000 NA 8,70,000 1,27,462 4,18,032 7,81,326 12,06,934 NA 12,63, NA ,25,502 4,16,311 7,72,665 11,81,055 NA 12,35, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 11,72, NA 8.12 Monthly SIP of ` in IDFC Asset Allocation Fund of Funds - Moderate Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil MIP Blended Fund Index Crisil MIP Blended Fund Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Feb 11, ,20,000 3,60,000 6,00,000 8,40,000 NA 8,70,000 1,28,941 4,23,727 8,02,874 12,48,351 NA 13,08, NA ,25,502 4,16,311 7,72,665 11,81,055 NA 12,35, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 11,72, NA 8.12 Monthly SIP of ` in IDFC Asset Allocation Fund of Funds - Aggressive Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of CRISIL Balanced Fund Aggressive Index CRISIL Balanced Fund Aggressive Index Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Feb 11, ,20,000 3,60,000 6,00,000 8,40,000 NA 8,70,000 1,31,909 4,31,238 8,30,006 12,87,100 NA 13,49, NA ,28,865 4,13,543 7,90,405 12,06,061 NA 12,61, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 11,72, NA 8.12 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Riskometer IDFC AAF - Conservative Plan This product is suitable for investors who are seeking*: 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. Riskometer IDFC AAF - Aggressive Plan This product is suitable for investors who are seeking*: 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. Riskometer IDFC AAF - Moderate Plan This product is suitable for investors who are seeking*: 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 understand that their principal will be at Moderate risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 25

27 IDFC All Seasons Bond Fund FUND FEATURES Nature: Fund of Funds Monthly Avg AUM: ` Crores Date: 13 September 2004 Fund Manager: Mr. Harshal Joshi (w.e.f 15th July 2016) 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. 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. Other Parameter: Modified duration: Average Maturity: 1.69 years 2.03 years Yield to Maturity: 7.20% Benchmark : Crisil Short Term Bond Fund Index (w.e.f. 30th November 2015) The expenses of the scheme will be over and above the expenses charged by the underlying schemes. Monthly SIP of ` in IDFC All Seasons Bond Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of CRISIL Short-Term Bond Fund Index CRISIL Short-Term Bond Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years (IDFC ASBF) An Open Ended Fund of Funds Scheme Portfolio : Top Holdings % of NAV CBLO 0.13 Clearing Corporation of India Ltd 0.13 Mutual Fund Units IDFC Ultra Short Term Fund IDFC Corporate Bond Fund Net Current Asset Grand Total ASSET QUALITY: AAA Equivalent 90.57% AA+ 6.30% AA 3.13% 5 Years 7 Years 10 Years Sep 13, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,20,000 1,24,815 4,08,963 7,47,486 11,42,323 18,37,837 26,06, ,24,725 4,10,246 7,51,928 11,52,768 18,62,019 26,23, ,23,845 4,01,305 7,22,334 10,89,555 17,05,598 23,44, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, NAV ( `) 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 Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Daily NA Direct Plan Dividend Quarterly Direct Plan Dividend Fortnightly Direct Plan Dividend Periodic Riskometer IDFC All Seasons Bond Fund Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: 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 for them. Performance Table Regular Plan - Growth Scheme Name Sep 13, 2004 Sep 13, 2004 Feb 22, 2013 Feb 22, 2013 IDFC ALL SEASONS BOND FUND CRISIL Short-Term Bond Fund Index T-Bill 8.56% 8.98% 8.79% 7.70% 10,853 12,940 15,235 25, % 9.18% 9.05% 7.59% 10,867 13,011 15,420 25, % 7.75% 7.41% 6.08% 10,662 12,509 14,293 21, % 9.46% NA 9.35% 10,901 13,111 NA 14, % 9.18% NA 9.11% 10,867 13,011 NA 14, % 7.75% NA 7.28% 10,662 12,509 NA 13,417 The fund is being managed by Mr. Harshal Joshi (w.e.f 15th July 2016) Performance based on NAV as on 28/04/2017 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 26

28 IDFC Cash Fund FUND FEATURES Nature: Liquid Fund Monthly Avg AUM: ` 12, 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) 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. Other Parameter: Modified Duration: 30 days Average Maturity: 30 days Yield to Maturity: Benchmark : Crisil Liquid Fund Index ASSET QUALITY: 6.36% AAA Equivalent 99.96% AA+ 0.04% IND A1+ mfs by FITCH A1+ mfs Riskometer by ICRA IDFC Cash Fund Investors understand that their principal will be at Low Risk This product is suitable for investors who are seeking*: 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 for them. (IDFC - CF) An Open Ended Liquid Fund Portfolio : Name Rating % of NAV Commercial Paper Export Import Bank of India A Indiabulls Housing Finance A Aditya Birla Finance A Small Industries Dev Bank of India A Tata Steel A Reliance Industries A National Bank For Agriculture and Rural Development A Tata Capital Housing Finance A Adani Ports and Special Economic Zone A Bharti Airtel A Reliance Jio Infocomm A Kotak Securities A Vedanta A JM Financial Services A IIFL Wealth Finance A TATA Realty & Infrastructure A Mahindra & Mahindra Financial Services A India Infoline Finance A Steel Authority of India A Mahindra Vehicle Mfg A L&T Finance Holdings A CESC A Tata Capital Financial Services A IL&FS Financial Services A Hero Fincorp A Tata Motors Finance Solutions A Piramal Enterprises A India Infoline Housing Finance A ICICI Securities A Godrej Industries A Coromandel International A Tata Motors Finance A Tata Housing Development Co A L&T Finance A Godrej Properties A Turquoise Invest & Finance Pvt A Shriram City Union Finance A Birla TMT Holdings Pvt A Godrej Consumer Products A HDFC A Tube Investments of India A Indian Railway Finance Corp A Name Rating % of NAV Certificate of Deposit Axis Bank A ICICI Bank A Yes Bank A Andhra Bank A Kotak Mahindra Bank A % Treasury Bill Days Tbill (MD 15/06/2017) SOV Days Tbill (MD 18/05/2017) SOV Days Tbill (MD 25/05/2017) SOV 0.09 Corporate Bond 0.90 Power Finance Corporation AAA 0.54 HDFC AAA 0.22 LIC Housing Finance AAA 0.09 Tata Capital Housing Finance AA Net Current Asset Grand Total NAV ( `) 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

29 IDFC Cash Fund Monthly SIP of ` in IDFC Cash Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jul 01, ,20,000 3,60,000 6,00,000 8,40,000 NA 10,70,000 1,24,306 4,03,737 7,36,008 11,31,918 NA 15,58, NA ,24,299 4,03,251 7,34,608 11,23,670 NA 15,38, NA ,23,873 4,01,361 7,22,392 10,89,667 NA 14,70, NA 6.97 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Period (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC Cash Fund Crisil Liquid Fund Index T-Bill Period (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC Cash Fund Crisil Liquid Fund Index T-Bill Regular Plan - Growth Scheme Name Jun 04, 2008 Jun 04, 2008 IDFC Cash Fund - Regular Plan - Growth Crisil Liquid Fund Index T-Bill 7.06% 8.04% 8.53% 7.98% 10,704 12,610 15,052 19, % 7.98% 8.32% 7.63% 10,704 12,589 14,907 19, % 7.75% 7.41% 6.48% 10,662 12,509 14,293 17, % 8.12% NA 8.47% 10,712 12,636 NA 14, % 7.98% NA 8.35% 10,704 12,589 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 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 28/04/2017 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 28

30 IDFC Ultra Short Term Fund FUND FEATURES Nature: Income Fund Monthly Avg AUM: ` 4, Crores Date: 17 January 2006 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) 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. Other Parameter: Modified duration: Average Maturity: Benchmark : Crisil Liquid Fund Index 329 days 388 days Yield to Maturity: 6.92% ASSET QUALITY: AAA Equivalent 82.66% AA % AA 5.75% Riskometer IDFC Ultra Short Term Fund Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: A1+ mfs by ICRA 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 for them. (IDFC USTF) An Open Ended Income Fund Portfolio : Name Rating % of NAV Name Rating % of NAV CBLO Clearing Corporation of India Corporate Bond HDFC AAA 8.62 Cholamandalam Investment and Finance Company AA 5.75 L&T Infrastructure Finance Co AA Power Finance Corporation AAA 4.29 LIC Housing Finance AAA 3.58 Tata Capital AA Shriram Transport Finance Company AA Rural Electrification Corporation AAA 1.47 Small Industries Dev Bank of India AAA 1.47 HDB Financial Services AAA 1.13 Mahindra & Mahindra Financial Services AAA 1.13 Tata Motors AA Export Import Bank of India AAA 0.86 Power Grid Corporation of India AAA 0.58 L&T Finance AA Bajaj Finance AA NTPC AAA 0.57 National Bank For Agriculture and Rural Development AAA 0.23 Commercial Paper Hindustan Zinc A Tata Power Company A Housing & Urban Development Corpn. A Piramal Finance Private A Tata Housing Development Co A Godrej Industries A Indian Railway Finance Corp A Aditya Birla Fashion and Retail A State Government Bond % Rajasthan UDAY BOND (MD 15/03/2018) SOV % Rajasthan UDAY BOND (MD 15/03/2022) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2028) SOV % Tamilnadu UDAY BOND (MD 22/03/2029) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV % Rajasthan UDAY BOND (MD 31/03/2020) SOV 0.01 Government Bond % G-Sec SOV % ) G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.11 Certificate of Deposit 0.02 IndusInd Bank A Net Current Asset Grand Total NAV ( `) 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

31 IDFC Ultra Short Term Fund Monthly SIP of ` in IDFC Ultra Short Term Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jan 17, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,60,000 1,24,965 4,08,875 7,48,692 11,57,291 18,66,849 22,24, ,24,296 4,03,230 7,34,583 11,23,620 17,99,584 21,48, ,23,845 4,01,305 7,22,334 10,89,557 17,05,704 20,14, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Jan 17, 2006 Jan 17, 2006 IDFC ULTRA SHORT TERM FUND Crisil Liquid Fund Index T-Bill 8.31% 8.74% 9.13% 7.72% 10,829 12,856 15,476 23, % 7.98% 8.32% 7.48% 10,704 12,589 14,907 22, % 7.75% 7.41% 6.27% 10,662 12,509 14,293 19, % 8.90% NA 9.12% 10,845 12,913 NA 14, % 7.98% NA 8.35% 10,704 12,589 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 28/04/2017 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 30

32 IDFC Money Manager Fund Treasury Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` 1, Crores Date: 18 February 2003 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) 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. Other Parameter: Modified Duration: Average Maturity : ASSET QUALITY: 356 days 420 days Yield to Maturity: 7.14% Benchmark : Crisil Liquid Fund Index (w.e.f 23rd July, 2015) AAA Equivalent 73.83% AA % AA 9.76% IDFC Money Manager Fund - Treasury Plan Riskometer Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: AAA mfs by ICRA 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 for them. (IDFC - MMF - TP) An Open Ended Income Fund Portfolio : Name Rating % of NAV Name Rating % of NAV CBLO 2.14 Clearing Corporation of India 2.14 Corporate Bond LIC Housing Finance AAA 6.17 Power Finance Corporation AAA 5.92 Tata Motors AA JM Financial Products AA 5.86 HDFC AAA 5.04 L&T Finance AA Tata Capital Financial Services AA HDB Financial Services AAA 2.97 Cholamandalam Investment and Finance Company AA 2.37 Sundaram BNP Paribas Home Finance AA Tata Motors AA 1.53 L&T Infrastructure Finance Co AA Aditya Birla Finance AA Power Grid Corporation of India AAA 0.30 NHPC AAA 0.30 Tata Capital Housing Finance AA Commercial Paper Shapoorji Pallonji and Company Private A Tata Power Company A JM Financial Credit Solution A Aditya Birla Fashion and Retail A Vedanta A Afcons Infrastructure A Piramal Finance Private A State Government Bond % Rajasthan UDAY BOND (MD 15/03/2018) SOV % Rajasthan UDAY BOND (MD 15/03/2022) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV % Rajasthan UDAY BOND (MD 15/03/2019) SOV % Maharashtra SDL (MD 27/01/2026) SOV 0.61 Certificate of Deposit 9.62 ICICI Bank A Yes Bank A Axis Bank A Government Bond % G-Sec SOV % G-Sec SOV 0.58 Zero Coupon Bond 0.05 Aditya Birla Finance AA Net Current Asset Grand Total NAV ( `) 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 NA 31

33 IDFC Money Manager Fund Treasury Plan Monthly SIP of ` in IDFC Money Manager Fund - Treasury Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Feb 18, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,10,000 1,24,380 4,04,764 7,35,384 11,23,489 17,99,916 29,82, ,24,296 4,03,230 7,34,583 11,23,617 17,99,571 29,93, ,23,845 4,01,305 7,22,334 10,89,555 17,05,661 27,58, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Feb 18, 2003 Feb 18, 2003 IDFC MONEY MANAGER FUND - TREASURY PLAN Crisil Liquid Fund Index T-Bill 7.49% 8.09% 8.24% 6.85% 10,747 12,627 14,855 25, % 7.98% 8.32% 6.84% 10,704 12,589 14,907 25, % 7.75% 7.41% 5.94% 10,662 12,509 14,293 22, % 8.74% NA 8.92% 10,808 12,856 NA 14, % 7.98% NA 8.35% 10,704 12,589 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Anurag Mittal (w.e.f. 09th November 2015) Performance based on NAV as on 28/04/2017 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 32

34 IDFC Banking Debt Fund FUND FEATURES Nature: Debt Monthly Avg AUM: ` 1, Crores Date: 7 March 2013 Fund Manager: Mr. Harshal Joshi ( 1st August 2014) About the fund: A dedicated Bank CD fund which seeks to benefit from the seasonality of money market rates. Other Parameter: Modified duration: 202 days Average Maturity: 202 days Yield to Maturity: 6.54% Benchmark : Crisil Liquid Fund Index (w.e.f. 30th November 2015) ASSET QUALITY: A1+ Equivalent % (IDFC BDF) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO Clearing Corporation of India Certificate of Deposit National Bank For Agriculture and Rural Development A Yes Bank A Axis Bank A ICICI Bank A IndusInd Bank A Small Industries Dev Bank of India A Treasury Bill days Tbill (MD 22/06/2017) SOV 2.53 Net Current Asset Grand Total NAV ( `) 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 Riskometer IDFC Banking Debt Fund Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities issued by scheduled Commercial banks. Monthly SIP of ` in IDFC Banking Debt Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Liquid Fund Index Crisil Liquid Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Mar 07, ,20,000 3,60,000 NA NA NA 5,00,000 1,24,096 4,04,095 NA NA NA 5,91, NA NA NA ,24,296 4,03,230 NA NA NA 5,89, NA NA NA ,23,845 4,01,305 NA NA NA 5,83, NA NA NA 7.39 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Mar 07, 2013 Mar 07, 2013 Mar 07, 2013 Mar 07, 2013 IDFC Banking Debt Fund CRISIL Liquid Fund Index T-Bill 6.96% 8.20% NA 8.43% 10,694 12,664 NA 13, % 7.98% NA 8.36% 10,704 12,589 NA 13, % 7.75% NA 7.28% 10,662 12,509 NA 13, % 8.31% NA 8.55% 10,704 12,705 NA 14, % 7.98% NA 8.36% 10,704 12,589 NA 13, % 7.75% NA 7.28% 10,662 12,509 NA 13,384 The fund is being managed by Mr. Harshal Joshi ( 1st August 2014) Performance based on NAV as on 28/04/2017 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 33

35 IDFC Money Manager Fund Investment Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` 1, Crores Date: 9 August 2004 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) About the fund: The Fund will invest in high quality money market and debt instruments and is positioned to have around 3 year roll down maturity strategy (the average maturity of the fund will keep coming down) from February-March 2015 onwards to help manage the reinvestment risk of the portfolio. Other Parameter: Modified Duration: Average Maturity : 0.79 years 0.87 years Yield to Maturity: 7.06% Benchmark : Crisil AAA Short Term Index (w.e.f. 26th September 2016) ASSET QUALITY: AAA Equivalent 98.69% AA+ 1.31% AAA mfs by ICRA (IDFC - MMF - IP) An Open Ended Income Fund Portfolio : Name Rating % of NAV Corporate Bond HDFC AAA Power Finance Corporation AAA Kotak Mahindra Prime AAA National Bank For Agriculture and Rural Development AAA Rural Electrification Corporation AAA 8.60 Sun Pharma Laboratories AAA 6.50 Export Import Bank of India AAA 6.38 LIC Housing Finance AAA 5.98 Kotak Mahindra Investments AAA 5.19 Small Industries Dev Bank of India AAA 4.45 National Housing Bank AAA 2.61 Bajaj Finance AAA 1.83 HDB Financial Services AAA 1.40 Bajaj Finance AA Mahindra & Mahindra Financial Services AAA 1.30 Indian Railway Finance Corp AAA 1.06 Power Grid Corporation of India AAA 0.79 Certificate of Deposit 4.89 Axis Bank A Yes Bank A National Bank For Agriculture and Rural Development A CBLO 1.56 Clearing Corporation of India 1.56 Commercial Paper 0.05 Bajaj Finance A Net Current Asset 2.26 Grand Total NAV ( `) 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 IDFC Money Manager Fund - Investment Plan Riskometer Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: 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 for them. 34

36 IDFC Money Manager Fund Investment Plan Monthly SIP of ` in IDFC Money Manager Fund - Investment Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil AAA Short Term Index Crisil AAA Short Term Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Aug 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,30,000 1,24,905 4,08,808 7,45,857 11,46,618 18,54,583 26,44, NA NA NA NA NA NA NA NA NA NA NA NA 1,23,845 4,01,305 7,22,334 10,89,555 17,05,598 23,65, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Aug 09, 2004 Aug 09, 2004 IDFC Money Manager Fund Investment Plan Crisil AAA Short Term Bond Index Crisil T-Bill 8.41% 8.71% 8.82% 7.68% 10,838 12,844 15,255 25, % 9.08% 9.25% 8.32% 10,843 12,975 15,557 27, % 7.75% 7.41% 6.05% 10,662 12,509 14,293 21, % 8.91% NA 8.90% 10,860 12,916 NA 14, % 9.08% NA 8.99% 10,843 12,975 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Harshal Joshi (w.e.f. 15th September 2015) Performance based on NAV as on 28/04/2017 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 35

37 IDFC Credit Opportunities Fund FUND FEATURES Nature: Debt Monthly Avg AUM: ` Crores Date: 03 March 2017 Fund Manager: Mr Arvind Subramanian 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. Other Parameter: Modified Duration: 3.01 years Average Maturity: 3.85 years Yield to Maturity: 8.21% Benchmark : 80% Crisil AA Medium Term Bond Index + 20% Crisil AAA Short Term Bond Index ASSET QUALITY: AAA Equivalent 34.60% AA 34.30% AA % AA- 5.78% Riskometer Investors understand that their principal will be at Moderate risk IDFC Credit Opportunities Fund This product is suitable for investors who are seeking*: 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 for them. (IDFC - COF) An Open Ended Debt Fund Portfolio : Name Rating % of NAV CBLO 3.86 Clearing Corporation of India 3.86 Corporate Bond Tata Housing Development Co AA 7.70 Indiabulls Housing Finance AAA 6.65 IndusInd Bank AA 6.64 Idea Cellular AA Hindalco Industries AA Reliance Ports and Terminals AAA 5.59 Tata Motors AA State Bank of India AA Afcons Infrastructure AA 5.51 ICICI Bank AA Tata Steel AA 3.40 JM Financial Products AA 3.31 Mahindra Rural Housing Finance AA Reliance Jio Infocomm AAA 2.25 Vodafone Mobile Services AA 2.23 Axis Bank AA 2.18 State Government Bond State Government Securities SOV Zero Coupon Bond 3.33 Aditya Birla Fashion and Retail AA 3.33 Commercial Paper 2.10 Shapoorji Pallonji and Company Private A Net Current Asset 2.80 Grand Total # Basel III, Tier 1 Perpetual NAV ( `) 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

38 IDFC Corporate Bond Fund FUND FEATURES Nature: Open Ended Income Fund Monthly Avg AUM: ` 7, Crores Date: 12 January 2016 Fund Manager: Mr. Anurag Mittal 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. Other Parameter: Modified Duration: Average Maturity: 2.55 years 3.09 years Yield to Maturity: 7.50% Benchmark : CRISIL Short Term Bond Fund Index ASSET QUALITY: AAA Equivalent % Riskometer Investors understand that their principal will be at Moderate risk IDFC Corporate Bond Fund This product is suitable for investors who are seeking*: To generate long term optimal returns by active management. AAA mfs by ICRA Investment in corporate bonds & money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (IDFC - CBF) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO 1.61 Clearing Corporation of India 1.61 Corporate Bond Power Finance Corporation AAA LIC Housing Finance AAA 9.36 HDFC AAA 8.53 Rural Electrification Corporation AAA 8.43 HDB Financial Services AAA 6.32 Indian Railway Finance Corp AAA 5.93 National Bank For Agriculture and Rural Development AAA 5.27 Mahindra & Mahindra Financial Services AAA 5.10 Power Grid Corporation of India AAA 5.03 Bajaj Finance AAA 4.84 Export Import Bank of India AAA 4.43 National Highways Auth Of Ind AAA 3.80 L&T AAA 3.70 Tata Sons AAA 2.87 UltraTech Cement AAA 2.36 NTPC AAA 2.31 Reliance Jio Infocomm AAA 1.30 Mahindra Vehicle Mfg AAA 1.30 NHPC AAA 1.13 Reliance Industries AAA 0.93 Gruh Finance AAA 0.64 Axis Finance AAA 0.32 Small Industries Dev Bank of India AAA 0.01 Zero Coupon Bond 0.47 Mahindra & Mahindra Financial Services AAA 0.40 Kotak Mahindra Prime AAA 0.07 Net Current Asset 2.53 Grand Total NAV ( `) Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Periodic Regular Plan Dividend Monthly Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Periodic Direct Plan Dividend Monthly Direct Plan Dividend Quarterly Direct Plan Dividend Annual

39 IDFC Corporate Bond Fund Monthly SIP of ` in IDFC Corporate Bond Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of CRISIL Short-Term Bond Fund Index CRISIL Short-Term Bond Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jan 12, ,20,000 NA NA NA NA 1,60,000 1,24,690 NA NA NA NA 1,69, NA NA NA NA ,24,725 NA NA NA NA 1,69, NA NA NA NA ,23,845 NA NA NA NA 1,67, NA NA NA NA 6.41 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Jan 12, 2016 Jan 12, 2016 Jan 12, 2016 Jan 12, 2016 IDFC Corporate Bond Fund - Regular Plan - Growth CRISIL Short-Term Bond Fund Index T-Bill 9.18% NA NA 9.21% 10,915 NA NA 11, % NA NA 8.86% 10,867 NA NA 11, % NA NA 6.86% 10,662 NA NA 10, % NA NA 9.58% 10,953 NA NA 11, % NA NA 8.86% 10,867 NA NA 11, % NA NA 6.86% 10,662 NA NA 10,896 The fund is being managed by Mr. Anurag Mittal (w.e.f 12th January 2016) Performance based on NAV as on 28/04/2017 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 38

40 IDFC Super Saver Income Fund Short Term FUND FEATURES Nature: Debt Monthly Avg AUM: ` 5, Crores Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary ( 11th March 2011) 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. Other Parameter: Modified Duration: Average Maturity: 1.95 years 2.32 years Yield to Maturity: 7.38% Benchmark : Crisil AAA Short Term Index (w.e.f. 26th September 2016) ASSET QUALITY: AAA Equivalent 92.49% AA+ 7.51% AAA mfs by ICRA (IDFC - SSIF - ST) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO 0.09 Clearing Corporation of India 0.09 Corporate Bond HDFC AAA National Bank For Agriculture and Rural Development AAA Power Finance Corporation AAA Power Grid Corporation of India AAA 9.46 LIC Housing Finance AAA 9.24 National Highways Auth Of Ind AAA 7.66 Bajaj Finance AA Indian Railway Finance Corp AAA 4.93 UltraTech Cement AAA 4.53 Kotak Mahindra Prime AAA 4.22 Rural Electrification Corporation AAA 4.20 Small Industries Dev Bank of India AAA 2.63 Reliance Jio Infocomm AAA 1.82 HDB Financial Services AAA 1.43 NLC India AAA 1.28 Bajaj Finance AAA 0.91 Export Import Bank of India AAA 0.91 NTPC AAA 0.90 Mahindra & Mahindra Financial Services AA HDFC Bank AAA 0.03 Net Current Asset 3.63 Grand Total NAV ( `) 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 IDFC Super Saver Income Fund-Short Term Riskometer Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: 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. 39

41 IDFC Super Saver Income Fund Short Term Monthly SIP of ` in IDFC Super Saver Income Fund - Short Term - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil AAA Short Term Index Crisil AAA Short Term Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Dec 14, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,20,000 1,24,711 4,12,187 7,67,242 11,69,159 18,13,209 31,09, ,24,182 4,07,446 7,41,226 11,31,246 18,26,571 NA NA 1,23,845 4,01,305 7,22,334 10,89,555 17,05,598 30,16, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Dec 14, 2000 Dec 14, 2000 IDFC Super Saver Income Fund Short Term Crisil AAA Short Term Bond Index Crisil T-Bill 7.87% 8.63% 8.60% 7.66% 10,785 12,816 15,103 33, % 9.08% 9.25% NA 10,843 12,975 15,557 NA 6.63% 7.75% 7.41% 6.32% 10,662 12,509 14,293 27, % 9.29% NA 9.18% 10,845 13,051 NA 14, % 9.08% NA 8.99% 10,843 12,975 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Suyash Choudhary ( 11th March 2011) Performance based on NAV as on 28/04/2017 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 40

42 IDFC Super Saver Income Fund Medium Term FUND FEATURES Nature: Debt Monthly Avg AUM: ` 4, Crores Date: 8 July 2003 Fund Manager: Mr. Suyash Choudhary (w.e.f. 15th September 2015) 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. Other Parameter: Modified Duration: Average Maturity : 2.62 years 3.29 years Yield to Maturity: 7.44% Benchmark : Crisil Short Term Bond Fund Index ASSET QUALITY: IDFC Super Saver Income Fund - Medium Term Riskometer Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: AAA Equivalent 98.91% AA+ 1.09% AAA mfs by ICRA 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 for them. (IDFC - SSIF-MT) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO 0.02 Clearing Corporation of India 0.02 Corporate Bond HDFC AAA LIC Housing Finance AAA Kotak Mahindra Prime AAA Power Finance Corporation AAA 8.60 National Highways Auth Of Ind AAA 5.04 Rural Electrification Corporation AAA 3.57 Small Industries Dev Bank of India AAA 2.32 Power Grid Corporation of India AAA 2.10 Bajaj Finance AAA 1.26 Bajaj Finance AA Export Import Bank of India AAA 0.76 ICICI Bank AAA 0.58 Indian Railway Finance Corp AAA 0.36 HDFC Bank AAA 0.24 IDFC Bank AAA 0.23 National Bank For Agriculture and Rural Development AAA 0.12 HDB Financial Services AAA 0.04 State Government Bond % Rajasthan UDAY BOND (MD 15/03/2019) SOV % Rajasthan UDAY BOND (MD 15/03/2023) SOV % Haryana UDAY BOND (MD 31/03/2023) SOV % Telangana UDAY BOND (MD 07/03/2023) SOV % Uttar Pradesh UDAY BOND (MD 10/03/2023) SOV % Rajasthan UDAY BOND (MD 15/03/2022) SOV % Madhya Pradesh SDL (MD 01/03/2027) SOV % Tamilnadu SDL (MD 29/03/2027) SOV % Uttar Pradesh UDAY BOND (MD 02/06/2023) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/02/2023) SOV % Tamil Nadu UDAY BOND (MD 22/02/2023) SOV % Gujarath SDL (MD 01/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV 0.21 NAV ( `) Name Rating % of NAV 8.51% Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV % Karnataka SDL (MD 15/03/2027) SOV 0.02 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.87 Commercial Paper 2.71 Kotak Mahindra Prime A Zero Coupon Bond 0.69 Bajaj Finance AAA 0.69 Certificate of Deposit 0.02 Kotak Mahindra Bank A Net Current Asset 2.65 Grand Total 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

43 IDFC Super Saver Income Fund Medium Term Monthly SIP of ` in IDFC Super Saver Income Fund - Short Term - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Short Term Bond Fund Index Crisil Short Term Bond Fund Index Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years July 08, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,60,000 1,24,859 4,09,654 7,44,608 11,41,044 18,80,929 30,64, ,24,725 4,10,246 7,51,928 11,52,768 18,62,019 29,82, ,23,845 4,01,305 7,22,334 10,89,555 17,05,598 26,46, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Jul 08, 2003 Jul 08, 2003 IDFC Super Saver Income Fund - Medium Term Plan CRISIL Short-Term Bond Fund Index T-Bill 8.95% 9.07% 8.59% 7.68% 10,893 12,974 15,096 27, % 9.18% 9.05% 7.26% 10,867 13,011 15,420 26, % 7.75% 7.41% 5.93% 10,662 12,509 14,293 22, % 9.76% NA 9.08% 10,961 13,219 NA 14, % 9.18% NA 9.04% 10,867 13,011 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Suyash Choudhary (w.e.f. 15th September 2015) Performance based on NAV as on 28/04/2017 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 42

44 IDFC Super Saver Income Fund Investment Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` 1, Crores Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) 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. Other Parameter: Modified Duration: Average Maturity: 5.75 years 8.15 years Yield to Maturity: 7.62% Benchmark : CRISIL Composite Bond Fund Index Yields for GSec/SDLs have been annualized wherever applicable. ASSET QUALITY: AAA Equivalent % IDFC Super Saver Income Fund - Investment Plan Riskometer This product is suitable for investors who are seeking*: AAA mfs by CRISIL To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. (IDFC - SSIF - IP) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO 0.83 Clearing Corporation of India 0.83 State Government Bond % Tamilnadu SDL (MD 15/03/2027) SOV % Haryana UDAY BOND(MD 31/03/2023) SOV % Rajasthan UDAY BOND (MD 15/03/2023) SOV % Rajasthan UDAY BOND (MD 15/03/2022) SOV % Karnatak SDL (MD 01/03/2027) SOV % Tamilnadu SDL (MD 01/03/2027) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV % Uttar Pradesh UDAY BOND (MD 10/03/2023) SOV % Gujarat SDL (MD 13/01/2026) SOV % Karnataka SDL (MD 15/03/2027) SOV % Rajasthan UDAY BOND (MD 31/03/2023) SOV % Uttar Pradesh UDAY BOND (MD 02/06/2023) SOV % Madhya Pradesh SDL (MD 01/03/2027) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV % Gujarath SDL (MD 01/03/2027) SOV % Telangana UDAY BOND (MD 07/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV % Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV % Maharashtra SDL (MD 10/02/2026) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV % Maharashtra SDL (MD 27/01/2026) SOV % Telangana UDAY BOND (MD 07/03/2028) SOV 0.06 NAV ( `) Name Rating % of NAV 8.04% Telangana UDAY BOND (MD 07/03/2031) SOV % Telangana UDAY BOND (MD 07/03/2029) SOV % Telangana UDAY BOND (MD 07/03/2032) SOV % Telangana UDAY BOND (MD 07/03/2030) SOV % Telangana UDAY BOND (MD 07/03/2024) SOV % Telangana UDAY BOND (MD 07/03/2027) SOV % Telangana UDAY BOND (MD 07/03/2026) SOV 0.06 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.71 Corporate Bond Indian Railway Finance Corp AAA 7.66 Rural Electrification Corporation AAA 5.97 NTPC AAA 3.67 Power Finance Corporation AAA 2.22 Power Grid Corporation of India AAA 0.79 Net Current Asset 1.44 Grand Total 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 NA Investors understand that their principal will be at Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 43

45 IDFC Super Saver Income Fund Investment Plan Monthly SIP of ` in IDFC Super Saver Income Fund - Investment Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jul 14, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 20,10,000 1,25,738 4,17,061 7,64,393 11,77,191 19,10,567 42,45, ,24,473 4,16,630 7,65,647 11,69,163 18,71,566 NA NA 1,23,539 4,14,845 7,48,516 11,24,055 17,59,670 NA NA Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Jul 14, 2000 Jul 14, 2000 IDFC Super Saver Income Fund - Investment Plan CRISIL Composite Bond Fund Index 10 Year GOI 11.79% 10.73% 9.63% 8.66% 11,176 13,575 15,829 40, % 10.93% 9.28% NA 11,004 13,647 15,583 NA 9.64% 10.76% 8.51% NA 10,961 13,584 15,038 NA 12.85% 11.65% NA 10.08% 11,281 13,912 NA 15, % 10.93% NA 9.23% 11,004 13,647 NA 14, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 28/04/2017 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 44

46 IDFC Dynamic Bond Fund FUND FEATURES Nature: Debt Monthly Avg AUM: ` 4, Crores Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) 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. Other Parameter: Modified Duration: Average Maturity : 5.76 years 8.17 years Yield to Maturity: 7.62% Benchmark : CRISIL Composite Bond Fund Index Yields for GSec/SDLs have been annualized wherever applicable. ASSET QUALITY: AAA Equivalent % Riskometer IDFC Dynamic Bond Fund Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: AAA mfs by CRISIL 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 for them. (IDFC - DBF) An Open Ended Income Fund Portfolio : Name Rating % of NAV CBLO 0.47 Clearing Corporation of India 0.47 State Government Bond % Haryana UDAY BOND(MD 31/03/2023) SOV % Tamilnadu SDL (MD 15/03/2027) SOV % Rajasthan UDAY BOND (MD 15/03/2023) SOV % Tamilnadu SDL (MD 01/03/2027) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV % Karnatak SDL (MD 01/03/2027) SOV % Uttar Pradesh UDAY BOND (MD 10/03/2023) SOV % Karnataka SDL (MD 15/03/2027) SOV % Gujarat SDL (MD 13/01/2026) SOV % Rajasthan UDAY BOND (MD 31/03/2023) SOV % Uttar Pradesh UDAY BOND (MD 02/06/2023) SOV % Gujarath SDL (MD 01/03/2027) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV % Rajasthan UDAY BOND (MD 15/03/2022) SOV % Telangana UDAY BOND (MD 07/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV % Maharashtra SDL (MD 27/01/2026) SOV % Uttar Pradesh UDAY BOND (MD 21/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV % Maharashtra SDL (MD 10/02/2026) SOV % Madhya Pradesh SDL (MD 01/03/2027) SOV % Uttar Pradesh SDL (MD 29/06/2026) SOV % Telangana UDAY BOND (MD 07/03/2028) SOV % Telangana UDAY BOND (MD 07/03/2031) SOV 0.05 NAV ( `) Name Rating % of NAV 8.08% Telangana UDAY BOND (MD 07/03/2029) SOV % Telangana UDAY BOND (MD 07/03/2032) SOV % Telangana UDAY BOND (MD 07/03/2030) SOV % Telangana UDAY BOND (MD 07/03/2024) SOV % Telangana UDAY BOND (MD 07/03/2027) SOV % Telangana UDAY BOND (MD 07/03/2026) SOV % Rajasthan SDL (MD 15/06/2026) SOV % Haryana SDL (MD 29/06/2026) SOV 0.02 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.05 Corporate Bond Indian Railway Finance Corp AAA 5.90 Rural Electrification Corporation AAA 5.82 NTPC AAA 4.41 Power Finance Corporation AAA 1.47 Power Grid Corporation of India AAA 0.73 Net Current Asset 1.77 Grand Total 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

47 IDFC Dynamic Bond Fund Monthly SIP of ` in IDFC Dynamic Bond Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Jun 25, ,20,000 3,60,000 6,00,000 8,40,000 NA 10,10,000 1,25,961 4,18,724 7,68,843 11,94,850 NA 15,20, NA ,24,473 4,16,630 7,65,647 11,69,163 NA 14,81, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 13,98, NA 7.58 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Dec 03, 2008 Dec 03, 2008 IDFC Dynamic Bond Fund - Regular Plan - Growth CRISIL Composite Bond Fund Index 10 Year GOI 12.07% 10.98% 9.87% 8.68% 11,204 13,667 16,004 20, % 10.93% 9.28% 8.34% 11,004 13,647 15,583 19, % 10.76% 8.51% 6.05% 10,961 13,584 15,038 16, % 12.00% NA 10.38% 11,303 14,043 NA 15, % 10.93% NA 9.23% 11,004 13,647 NA 14, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 28/04/2017 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 46

48 IDFC Government Securities Fund Investment Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: Modified duration: Benchmark : I-Sec Composite Index 6.37 years Average Maturity: 9.39 years Yield to Maturity: 7.67% Yields for GSec/SDLs have been annualized wherever applicable. ASSET QUALITY: Sovereign % IDFC Government Securities Fund - Investment Plan Riskometer Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: 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 for them. (IDFC GSF-IP) An Open Ended Dedicated Gilt Fund Portfolio : Name Rating % of NAV CBLO 0.26 Clearing Corporation of India 0.26 State Government Bond % Madhya Pradesh SDL (MD 01/03/2027) SOV % Gujarath SDL (MD 01/03/2027) SOV % Karnatak SDL (MD 01/03/2027) SOV % Tamilnadu SDL (MD 15/03/2027) SOV % Maharashtra SDL(MD 13/07/2026) SOV % Tamilnadu SDL (MD 13/01/2026) SOV % Karnataka SDL (MD 15/03/2027) SOV % Gujarat SDL (MD 13/01/2026) SOV % Rajasthan UDAY BOND (MD 31/03/2023) SOV % Haryana UDAY BOND (MD 31/03/2023) SOV % Telangana UDAY BOND (MD 07/03/2028) SOV % Telangana UDAY BOND (MD 07/03/2031) SOV % Telangana UDAY BOND (MD 07/03/2029) SOV % Telangana UDAY BOND (MD 07/03/2032) SOV % Telangana UDAY BOND (MD 07/03/2030) SOV % Telangana UDAY BOND (MD 07/03/2024) SOV % Telangana UDAY BOND (MD 07/03/2027) SOV % Telangana UDAY BOND (MD 07/03/2023) SOV % Telangana UDAY BOND (MD 07/03/2026) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV 0.65 NAV ( `) Name Rating % of NAV 8.52% Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV % Maharashtra SDL (MD 10/02/2026) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV % Maharashtra SDL (MD 27/01/2026) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV 0.02 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.76 Net Current Asset 1.85 Grand Total 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 47

49 IDFC Government Securities Fund Investment Plan Monthly SIP of ` in IDFC G Sec Fund - Investment Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of I-SEC Composite Gilt Index I-SEC Composite Gilt Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Mar 09, ,20,000 3,60,000 6,00,000 8,40,000 NA 10,10,000 1,26,161 4,20,973 7,78,886 12,20,006 NA 15,53, NA ,23,802 4,15,971 7,67,196 11,80,794 NA 14,98, NA ,23,539 4,14,845 7,48,516 11,24,055 NA 13,98, NA 7.58 Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Dec 03, 2008 Dec 03, 2008 IDFC Government Securities Fund Investment Plan I-Sec Composite Index Crisil 10 Year GOI 12.72% 11.41% 10.78% 8.53% 11,268 13,826 16,678 19, % 11.16% 9.86% 8.27% 10,966 13,733 15,998 19, % 10.76% 8.51% 6.05% 10,961 13,584 15,038 16, % 12.20% NA 10.78% 11,329 14,121 NA 15, % 11.16% NA 9.38% 10,966 13,733 NA 14, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 28/04/2017 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 48

50 IDFC Government Securities Fund Provident Fund Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: Modified duration: Average Maturity: Crores Benchmark : I-SEC Composite Index 6.40 years 9.46 years Yield to Maturity: 7.69% Yields for GSec/SDLs have been annualized wherever applicable. ASSET QUALITY: Sovereign % IDFC Government Securities Fund - PF Riskometer This product is suitable for investors who are seeking*: To generate optimal returns over short to medium term. Investments in Government Securities and Treasury Bills. (IDFC GSF-PF) An Open Ended Dedicated Gilt Fund Portfolio : Name Rating % of NAV CBLO 0.98 Clearing Corporation of India 0.98 State Government Bond % Madhya Pradesh SDL (MD 01/03/2027) SOV % Gujarath SDL (MD 01/03/2027) SOV % Karnatak SDL (MD 01/03/2027) SOV % Tamilnadu SDL (MD 15/03/2027) SOV % Maharashtra SDL(MD 13/07/2026) SOV % Karnataka SDL (MD 15/03/2027) SOV % Tamilnadu SDL (MD 13/01/2026) SOV % Gujarat SDL (MD 13/01/2026) SOV % Telangana UDAY BOND (MD 07/03/2028) SOV % Rajasthan UDAY BOND (MD 31/03/2023) SOV % Haryana UDAY BOND (MD 31/03/2023) SOV % Telangana UDAY BOND (MD 07/03/2031) SOV % Telangana UDAY BOND (MD 07/03/2029) SOV % Telangana UDAY BOND (MD 07/03/2032) SOV % Telangana UDAY BOND (MD 07/03/2030) SOV % Telangana UDAY BOND (MD 07/03/2024) SOV % Telangana UDAY BOND (MD 07/03/2027) SOV % Telangana UDAY BOND (MD 07/03/2023) SOV % Telangana UDAY BOND (MD 07/03/2026) SOV % Uttar Pradesh UDAY BOND (MD 29/03/2023) SOV % Haryana UDAY BOND (MD 31/03/2022) SOV 0.40 NAV ( `) Name Rating % of NAV 8.52% Uttar Pradesh UDAY BOND (MD 29/03/2022) SOV % Tamilnadu UDAY BOND (MD 22/03/2027) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2027) SOV % Tamilnadu UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2023) SOV % Madhya Pradesh UDAY BOND (MD 22/03/2026) SOV % Tamilnadu UDAY BOND (MD 22/03/2026) SOV % Maharashtra SDL (MD 10/02/2026) SOV % Maharashtra SDL (MD 27/01/2026) SOV 0.10 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.82 Net Current Asset 1.81 Grand Total Plan Option Freq NAV Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Annual 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 *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 49

51 IDFC Government Securities Fund Provident Fund Plan Monthly SIP of ` in IDFC G Sec Fund - PF Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of I-SEC Composite Gilt Index I-SEC Composite Gilt Index Returns Total Value of CRISIL 10 Year Gilt Index CRISIL 10 Year Gilt Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Mar 29, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,80,000 1,26,712 4,26,291 7,91,971 12,40,450 20,43,659 31,22, ,23,802 4,15,971 7,67,196 11,80,794 19,17,937 28,78, ,23,539 4,14,845 7,48,516 11,24,055 17,59,670 25,61, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Mar 29, 2004 Mar 29, 2004 IDFC GOVERNMENT SECURITIES FUND - PF PLAN I-Sec Composite Index 10 Year GOI 13.63% 12.26% 11.20% 8.54% 11,359 14,143 16,995 29, % 11.16% 9.86% 7.53% 10,966 13,733 15,998 25, % 10.76% 8.51% 5.63% 10,961 13,584 15,038 20, % 12.81% NA 11.21% 11,400 14,353 NA 15, % 11.16% NA 9.38% 10,966 13,733 NA 14, % 10.76% NA 7.78% 10,961 13,584 NA 13,826 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 28/04/2017 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 50

52 IDFC Government Securities Fund Short Term Plan FUND FEATURES Nature: Debt Monthly Avg AUM: ` Crores Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( 15th October 2010) 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. Other Parameter: Modified duration: 2.31 years Average Maturity: 2.82 years Yield to Maturity: 6.80% Benchmark : I - Sec Si Bex (w.e.f. 30th November 2015) Yields for GSec/SDLs have been annualized wherever applicable. ASSET QUALITY: Sovereign % (IDFC GSF-ST) An Open Ended Dedicated Gilt Fund Portfolio : NAV ( `) Name Rating % of NAV Plan Option Freq NAV Regular Plan Growth CBLO Regular Plan Dividend Monthly Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV 5.21 Net Current Asset 2.71 Grand Total Regular Plan Dividend Quarterly Regular Plan Dividend Weekly Regular Plan Dividend Periodic Direct Plan Growth Direct Plan Dividend Periodic Direct Plan Dividend Quarterly Direct Plan Dividend Weekly Direct Plan Dividend Monthly NA IDFC Government Securities Fund - Short Term Riskometer Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: 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 for them. Monthly SIP of ` in IDFC G Sec Fund - Short Term Plan - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Apr 28, 2017 ( `) Fund Returns Total Value of I-SEC Si-Bex I-SEC Si-Bex Returns Total Value of CRISIL T-Bill Index CRISIL T-Bill Index Returns SIP Performance 3 Years 5 Years 7 Years 10 Years Mar 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,20,000 1,24,711 4,12,187 7,67,242 11,69,159 18,13,209 31,09, ,24,182 4,07,446 7,41,226 11,31,246 18,26,571 NA NA 1,23,845 4,01,305 7,22,334 10,89,555 17,05,598 30,16, Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on April 28, Performance Table Regular Plan - Growth Scheme Name Mar 09, 2002 Mar 09, 2002 IDFC Government Securities Fund Short Term Plan I-Sec Si-BEX Crisil T-Bill 8.65% 9.96% 10.03% 5.91% 10,863 13,293 16,123 23, % 8.83% 8.51% NA 10,772 12,888 15,041 NA 6.63% 7.75% 7.41% 5.96% 10,662 12,509 14,293 24, % 10.13% NA 10.26% 10,882 13,352 NA 15, % 8.83% NA 8.38% 10,772 12,888 NA 14, % 7.75% NA 7.33% 10,662 12,509 NA 13,575 The fund is being managed by Mr. Suyash Choudhary ( 15th October 2010) Performance based on NAV as on 28/04/2017 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 51

53 Fund Snapshot IDFC DynamicEquity Fund (IDFC-DEF) IDFC Classic Equity Fund (IDFC - CEF) IDFC Equity Fund (IDFC - EF) IDFC Focused Equity Fund (IDFC - IEF) IDFC Infrastructure Fund (IDFC - IF) IDFC Nifty Fund (IDFC-NF) IDFC Premier Equity Fund (IDFC - PEF) IDFC Sterling Equity Fund (IDFC - SEF) Nature of the Scheme Date Investment Objective Month end AUM th (as on April 30, 2017) Fund Manager An Open - Ended Equity Fund 10 October 2014 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. An Open - Ended Equity Fund 9 August 2005 T h e i n v e s t m e n t o b j e c t i v e o f t h e 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 o b j e c t i ve s o f t h e scheme will be realized. Mr. Anoop Bhaskar (w.e.f. 30th April 2016) An Open - Ended Equity Fund 9 June 2006 T h e i n v e s t m e n t o b j e c t i ve o f t h e scheme is to seek to g e n e ra t e c a p i t a l g r o w t h f r o m a p o r t f o l i o o f predominantly equity and equity related i n s t r u m e n t s (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 s c h e m e w i l l b e realized. Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 01st March 2017) An Open - Ended Equity Fund 16 March 2006 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. Mr. Sumit Agrawal (w.e.f. 20th October 2016) An Open - Ended Equity Fund 8 March 2011 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 c o m p a n i e s t h a t a r e 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. Mr. Rajendra Kumar Mishra An Open - Ended Index Linked Equity Scheme 30 April 2010 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. Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017) An Open - Ended Equity Fund 28 September 2005 ` Crs ` Crs ` Crs ` Crs ` Crs ` Crs ` 6, Crs 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) 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 long-term 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 short-term 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 longterm 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. Mr. Anoop Bhaskar (w.e.f. 30th April 2016) An Open - Ended Equity Fund 7 March 2008 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. ` 1, Crs Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more Minimum Investment Amount `5,000/- and any amount thereafter ` 5,0 0 0/ - a n d a ny amount thereafter `5,000/- and any amount thereafter ` 5,0 0 0/ - and any amount thereafter `5,000/- and any amount thereafter `100/- and any amount thereafter `10,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load Exit Load If redeemed/switched out within 18 months from the date of allotment: For 10% of investment : For remaining investment : 1.50% If redeemed/switched out after 18 months from the date of allotment: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 10th May 2016) Options Available Growth, Dividend Growth, Dividend - (Payout, Reinvestment (Payout, Reinvestment and Sweep (from Equity a n d Swe e p ( f ro m Schemes to Debt Equity Schemes to Schemes only)) Debt Schemes only)) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) 1.00% if redeemed before 365 days from the date of a l l o t m e n t. ( w. e. f. 1 s t September 2009) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) 1.00% if redeemed before 365 days from the date of allotment. Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged. (w.e.f. 07th November, 2011) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September, 2009) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) 1.00% if redeemed on or before 365 days from the date of a l l o t m e n t. ( w. e. f. 7 s t September, 2015) Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Dividend Re-investment At Ex-Dividend NAV SIP (Minimum Amount) SIP Frequency SIP Dates (Monthly) ` 1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `100/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `2,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend NAV `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month Lock in Period Face Value ( `/Unit) `10/- `10/- `10/- `10/- `10/- `10/- `10/- `10/- NAV Frequency Benchmark All Business Days Nifty 50 and CRISIL Balanced Fund Aggressive Index All Business Days S&P BSE 200 All Business Days S&P BSE 100 All Business Days Nifty 50 All Business Days Nifty Infrastructure All Business Days Nifty 50 All Business Days S&P BSE 500 All Business Days Nifty Free Float Midcap

54 Fund Snapshot IDFC Tax Advantage (ELSS) Fund (IDFC-TA (ELSS)) IDFC Arbitrage Fund (IDFC-AF) IDFC Arbitrage Plus Fund (IDFC-APF) IDFC Sensex Exchange Traded Fund (IDFC-SETF) IDFC Nifty Exchange Traded Fund (IDFC-NETF) IDFC Asset Allocation Fund of Fund - Conservative Plan (IDFC-AAF-CP) IDFC Asset Allocation Fund of Fund - Moderate Plan (IDFC-AAF-MP) IDFC Asset Allocation Fund of Fund - Aggressive Plan (IDFC-AAF-AP) Nature of the Scheme An Open ended Equity Linked Saving Scheme with lock in period of 3 years An Open - Ended Equity Fund An Open - Ended Equity Fund Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings Scheme (RGESS) Qualified Scheme] An Open - Ended Fund of Funds Scheme An Open - Ended Fund of Funds Scheme An Open - Ended Fund of Funds Scheme Date 26 December December June October October February February February 2010 Investment Objective 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 Scheme is to generate c a p i t a l a p p re c i ation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no a s s u r a n c e t h a t t h e 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 a ssura n ce t h a t t h e 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. Month end AUM th (as on April 30, 2017) ` Crs ` 2, Crs ` Crs ` 0.72 Crs ` 0.87 Crs ` Crs ` Crs ` Crs Fund Manager Mr. Daylynn Pinto (w.e.f. 20th October 2016) Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 01st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 01st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) Mr. Yogik Pitti Mr. Yogik Pitti M r. A r p i t Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017) Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017) M r. A r p i t K a p o o r & Mr. Sumit Agrawal (w.e.f. 01st March 2017) Ideal Investment Horizon 3 Years or more or more or more 3 years or more 3 years or more 2 Years or more 2 Years or more 2 Years or more Minimum Investment Amount `500/- and in multiples of `500/- thereafter. `100/- and any amount thereafter `5,000/- and any amount Directly with Fund - thereafter 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 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 `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load Exit Load 0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016) % i f re d e e m e d / switched-out within 1 (one) month from the date of allotment. (w.e.f. 12th August 2016) 1.50% if redeemed before 18 months from the date of allotment. 1.50% if redeemed before 18 months from the date of allotment. 1.50% if redeemed before 18 months from the date of allotment. Options Available G r o w t h, D i v i d e n d ( P a y o u t, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual Presently the scheme does not offer any Plan/Options for Investment Presently the scheme does not offer any Plan/Options for Investment Growth, Dividend - (Payout, Reinvestment and Sweep) Growth, Dividend - (Payout, Reinvestment and Sweep) Growth, Dividend - (Payout, Reinvestment and Sweep) Dividend Re-investment At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV NA NA At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV SIP (Minimum Amount) SIP Frequency SIP Dates (Monthly) `500/- Monthly Any day of the month, except 29th, 30th & 31st day of the month `100/- Monthly Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month NA NA NA NA NA NA `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Monthly Any day of the month, except 29th, 30th & 31st day of the month Lock in Period Face Value ( `/Unit) NAV Frequency Benchmark 3 Years `10/- All Business Days S&P BSE 200 All Business Days Crisil Liquid Fund Index `10/- All Business Days Crisil Liquid Fund Index `10/- NA `10/- Daily basis S&P BSE Sensex `10/- NA `10/- Daily basis Nifty 50 `10/- All Business Days Crisil MIP Blended Index `10/- All Business Days Crisil MIP Blended Index All Business Days CRISIL Balanced Fund Aggressive Index 53

55 Fund Snapshot IDFC Balanced Fund (IDFC-BF) IDFC Monthly Income Plan (IDFC-MIP) IDFC Cash Fund (IDFC-CF) IDFC Money Manager Fund - Treasury Plan (IDFC-MMF-TP) IDFC Money Manager Fund - Investment Plan (IDFC-MMF-IP) IDFC Credit Opportunities Fund (IDFC-COF) IDFC Corporate Bond Fund (IDFC-CBF) IDFC Super Saver Income Fund - Short Term Plan (IDFC-SSIF-ST) IDFC Super Saver Income Fund - Medium Term Plan (IDFC-SSIF-MT) Nature of the Scheme An Open Ended Equity An Open Ended Debt Open - Ended Liquid Fund Open - Ended Income Fund Open - Ended Income Fund Open - Ended Equity Fund An Open Ended Income Open - Ended Income Fund Open - Ended Income Fund Scheme Scheme Fund Date 30 December February July February August December January December July 2003 Investment Objective The Fund seeks to generate The primary objective of IDFC - CF is an open-ended Seek to generate stable l o n g t e r m c a p i t a l Scheme is to generate l i q u i d f u n d w i t h a n returns with a low risk appreciation along with regular returns through objective to generate strategy by creating a current income by investing investment primarily in debt optimal returns with high p o r t f o l i o t h a t i s in a mix of equity and equity securities. The secondary liquidity by investing in high substantially invested in related securities, debt objective of the Scheme is quality money market and good quality floating rate securities and money to generate long-term debt instruments. However, debt or money market market instruments. There is capital appreciation by there can be no assurance instruments, fixed rate debt no assurance or guarantee investing a portion of the t h a t t h e i nve s t m e n t o r m o n e y m a r k e t that the objectives of the Scheme's assets in equity objectives of the scheme instruments swapped for scheme will be realized. securities. Monthly Income will be realized. is not assumed and the floating returns and fixed rate debt and money market s a m e i s s u b j e c t t o instruments. However, there availability of distributable surplus. 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 p o r t f o l i o t h a t i s substantially invested in good quality floating rate debt or money market instruments, fixed rate debt o r m o n e y m a r k e t 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 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 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 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 a s s u r a n c e t h a t t h e 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 a s s u r a n c e t h a t t h e investment objectives of the scheme will be realized. Month end AUM th (as on April 30, 2017) ` Crs ` Crs ` 11, Crs ` 1, Crs ` 1, Crs ` Crs ` 7, Crs ` 5, Crs ` 4, Crs Fund Manager Equity Portion: Mr. Anoop Equity Portion: Mr. Sumit Mr. Harshal Joshi (w.e.f. 15th Mr. Anurag Mittal (w.e.f. Bhaskar & Agrawal (w.e.f. 20th September 2015) & Mr. 09th November 2015) Debt Portion: Mr. Suyash October 2016) & Anurag Mittal (w.e.f. 09th Choudhary & Mr. Anurag Debt Portion: Mr. Anurag November 2015) Mittal Mittal (w.e.f. 09/11/2015) Mr. Harshal Joshi(w.e.f. 15th September 2015) Equity Portion: Mr. Anoop Bhaskar Debt Portion: Suyash Choudhary & Anurag Mittal Mr. Anurag Mittal Mr. Suyash Choudhary Mr. Suyash Choudhary (w.e.f. 15th September 2015) Ideal Investment Horizon 3 years or more 1 Week or more 15 Days or more 12 Months or more 3 years 12 Months or more 9 Months or more 3 Years or more Minimum Investment Amount `5,000/- and any amount `5,000/- and any amount `100/- and any amount `100/- and any amount thereafter thereafter thereafter thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount `5,000/- and any amount `5,000/- and any amount thereafter thereafter thereafter Entry Load Exit Load 10% of investment: 1% of the NAV shall be For all investment including 10% of investment : Remaining investment: 1% applicable to investors who SIP/Micro SIP/STP shall be Remaining investment : 1% if if redeemed/switched out redeem/switch out of such 0.25% of the applicable NAV redeemed/switched out within 12 months from the investments within one year if redeemed / switched out within 12 months from the date of allotment (365 Days) from the date of within One Month from the date of allotment subscription applying First date of allotment. (w.e.f in First Out basis, (including March 01st, 2011) allotment through SIP/STP). (w.e.f. 23rd May 2016) (w.e.f. 29th September 2016) Options Available Growth & Dividend (Payout, Reinvestment & Sweep facility) Growth, Dividend - Quarterly, Regular Growth, Dividend - Daily, Weekly, Monthly & Periodic Growth, Dividend - Daily, Weekly, Monthly & Periodic Growth, Dividend - Daily, Weekly, Monthly, Quarterly, Annual & Periodic Growth & Dividend (Payout, Reinvestment & Sweep facility) Dividend-Monthly, Quarterly, Half Yearly, Annual & Periodic Growth, Dividend - Fortnightly (Payout & Reinvestment), Monthly & Periodic Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment), Monthly, Bi - Monthly (once in two months), Quarterly & Periodic Dividend Re-investment At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV SIP (Minimum Amount) `1,000/- `1,000/- `100/- `100/- `1,000/- `1,000/- ` 1,000/- `1,000/- `1,000/- SIP Frequency Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any Date of the month (Except 29th, 30th and 31st day of the month) Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Lock in Period Face Value ( `/Unit) `10/- `10/- ` 1000/- (w.e.f. 05 Nov, 2011) `10/- `10/- `10/- `10/- `10/- `10/- NAV Frequency Daily All Business Days Daily All Business Days All Business Days Daily All Business Days All Business Days All Business Days Benchmark Crisil Balanced Fund Index Crisil MIP Blended Index Crisil Liquid Fund Index Crisil Liquid Fund Index (w.e.f 23rd July, 2015) CRISIL AAA Short Term Index (w.e.f 26th September, 2016) Crisil Balanced Fund Index CRISIL Short Term Bond Fund Index CRISIL AAA Short Term Index (w.e.f 26th September, 2016) CRISIL Short Term Bond Fund Index 54

56 Fund Snapshot IDFC Super Saver Income Fund - Investment Plan (IDFC-SSIF-IP) IDFC Dynamic Bond Fund (IDFC-DBF) IDFC Government Securities Fund -Investment Plan (IDFC-GSF-IP) IDFC Government Securities Fund - Provident Fund Plan (IDFC-GSF-PF) IDFC Government Securities Fund - Short Term Plan (IDFC-GSF-ST) IDFC Ultra short Term Fund (IDFC USTF) IDFC All Seasons Bond Fund (IDFC ASBF) IDFC Banking Debt Fund (IDFC BDF) Nature of the Scheme Open - Ended Income Fund Open - Ended Income Fund Open - Ended Dedicated Gilt Fund Open Ended - Dedicated Gilt Fund Open - Ended Dedicated Gilt Fund Open - Ended Income Fund Open - Ended Fund of Funds Scheme Open - Ended Income Fund Date 14 July June March March March January September March 2013 Investment Objective 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 a s s u r a n c e t h a t t h e 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 m a r k e t & d e b t instruments. However there can be no assurance that the investment objectives 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. H oweve r t h e r e i s n o a s s u r a n c e t h a t t h e 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 -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. 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 optimal returns with high liquidity by active management of the p o r t f o l i o by i nve s t i n g predominantly in debt o r i e n t e d m u t u a l f u n d schemesand money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized The primary objective of the scheme is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt & money market instrument issued by schedule commercial banks. However, there can b e n o a s s u ra n c e o r g u a r a n t e e t h a t t h e objective of the scheme realized Month end AUM th (as on April 30, 2017) ` 1, Crs ` 4, Crs ` Crs ` Crs ` Crs ` 4, Crs ` Crs ` Crs Fund Manager Mr. Suyash Choudhary Mr. Suyash Choudhary Mr. Suyash Choudhary ( 15th October 2010) Mr. Suyash Choudhary ( 15th October 2010) Mr. Suyash Choudhary ( 15th October 2010) Mr. Anurag Mittal (w.e.f. 09th November 2015) Mr. Harshal Joshi (w.e.f 15th July 2016) Mr. Harshal Joshi ( 1st August 2014) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 15 Days or more 12 Months or more 6 Months or more Minimum Investment Amount `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter `100/- and any amount thereafter ` 5,0 0 0/ - a n d a ny a m o u n t thereafter `100/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load ( 11th December 2014) Exit Load If redeemed/switched out within 365 days from the date of allotment: For 10% of investment :, For remaining investment : 1% If redeemed/switched out after 365 days from the date of allotment: (w.e.f. 17th October 2016) (w.e.f. 15th July 2011) (w.e.f. 11th December 2014) ( 29th June 2012) 0.50% if redeemed or switched before 3 months (w.e.f. 09th October 2013) All Investment including SIP/Micro SIP/STP/FOF if redeemed/ switched out within 7 days from the date of allotment 0.15%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. Options Available Growth, Dividend - Quarterly, Half Yearly, Annual & Periodic Growth, Dividend - Quarterly (March, June, September & December), Half Yearly, Annual, Regular & Periodic G row t h, D i v i d e n d - Quarterly, Half Yearly, Annual, Regular & Periodic Growth, Dividend - Quarterly, Annual & Periodic Growth, Dividend - Weekly, Monthly, Quarterly & Periodic Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic Growth, Dividend - Daily, Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Fortnightly, Monthly Half Yearly, Annual & Periodic (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic Dividend Re-investment At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV - At Ex-Dividend NAV At ex-dividend NAV SIP (Minimum Amount) `1,000/- `1,000/- `1,000/- `100/- `1,000/- `100/- `1,000/- `1000/- SIP Frequency Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly SIP Dates (Monthly) Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Lock in Period Face Value ( `/Unit) `10/- `10/- `10/- `10/- `10/- `10/- `10/- `10/- NAV Frequency All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index ISEC Composite Index ISEC Composite Index I - Sec Si Bex (w.e.f 30th November, 2015) Crisil Liquid Fund Index Crisil Short Term Bond Fund Index (w.e.f 30th November, 2015) Crisil Liquid Fund Index (w.e.f 30th November, 2015) 55

57 Performance Table Period Fund Manager Name: Mr. Anoop Bhaskar Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) IDFC Classic Equity Fund IDFC Premier Equity Fund IDFC Sterling Equity Fund S&P BSE % 22.99% 19.06% 14.97% 16.87% 13.83% S&P BSE % 24.80% 22.93% 15.89% 20.80% 14.15% Nifty Free Float Midcap % 37.19% 25.94% 27.25% 19.99% 19.35% Mr. Anoop Bhaskar manages 4 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Anurag Mittal IDFC Monthly Income Plan IDFC Cash Fund Crisil MIP Blended Index 13.72% 11.42% 12.16% 11.17% 11.11% 9.85% Crisil Liquid Fund Index 7.06% 7.06% 8.04% 7.98% 8.53% 8.32% IDFC Ultra Short Term Fund Crisil Liquid Fund Index 8.31% 7.06% 8.74% 7.98% 9.13% 8.32% IDFC Money Manager Fund Treasury Plan Crisil Liquid Fund Index 7.49% 7.06% 8.09% 7.98% 8.24% 8.32% IDFC Corporate Bond Fund CRISIL Short Term Bond Fund Index 9.18% 8.70% NA NA NA NA Mr. Anurag Mittal manages 6 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Arpit Kapoor IDFC Equity Fund S&P BSE % 21.33% 11.81% 12.94% 12.46% 12.92% IDFC Dynamic Equity Fund IDFC Nifty Fund CRISIL Balanced Fund Aggressive Index 8.82% 15.73% NA NA NA NA Nifty % 18.58% 12.49% 11.60% 13.22% 12.14% IDFC Arbitrage Fund CRISIL Liquid Fund Index 6.17% 7.06% 6.92% 7.98% 7.82% 8.32% IDFC Arbitrage Plus Fund CRISIL Liquid Fund Index 6.52% 7.06% 6.72% 7.98% 7.56% 8.32% IDFC Asset Allocation Fund of Fund - Aggressive Plan CRISIL Balanced Fund Aggressive Index 18.05% 15.73% 14.31% 11.62% 12.32% 11.40% IDFC Asset Allocation Fund of Fund - Conservative Plan Crisil MIP Blended Index 12.38% 11.42% 11.27% 11.17% 10.47% 9.85% IDFC Asset Allocation Fund of Fund - Moderate Plan Crisil MIP Blended Index 14.52% 11.42% 12.70% 11.17% 11.41% 9.85% Mr. Arpit Kapoor manages 8 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Arvind Subramanian IDFC Dynamic Equity Fund CRISIL Balanced Fund Aggressive Index 8.82% 15.73% NA NA NA NA Mr. Arvind Subramanian manages 2 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. 56

58 Performance Table Period Fund Manager Name: Mr. Daylynn Pinto Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) IDFC Tax Advantage (ELSS) Fund IDFC Sterling Equity Fund S&P BSE % 22.99% 22.48% 14.97% 20.83% 13.83% Nifty Free Float Midcap % 37.19% 25.94% 27.25% 19.99% 19.35% Mr. Daylynn Pinto manages 2 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Harshal Joshi IDFC Arbitrage Fund IDFC Arbitrage Plus Fund IDFC All Seasons Bond Fund IDFC Cash Fund CRISIL Liquid Fund Index 6.17% 7.06% 6.92% 7.98% 7.82% 8.32% CRISIL Liquid Fund Index 6.52% 7.06% 6.72% 7.98% 7.56% 8.32% CRISIL Short-Term Bond Fund Index 8.56% 8.70% 8.98% 9.18% 8.79% 9.05% CRISIL Liquid Fund Index 7.06% 7.06% 8.04% 7.98% 8.53% 8.32% IDFC Banking Debt Fund CRISIL Liquid Fund Index 6.96% 7.06% 8.20% 7.98% NA NA IDFC Money Manager Fund Investment Plan CRISIL AAA Short Term Bond Index 8.41% 8.45% 8.71% 9.08% 8.82% 9.25% IDFC Yearly Series Interval Fund - Series II - Regular Plan - Growth CRISIL Short-Term Bond Fund Index 7.52% 8.70% 8.46% 9.18% NA NA IDFC Yearly Series Interval Fund - Series II CRISIL Short-Term Bond Fund Index 7.64% 8.70% 8.66% 9.18% NA NA IDFC Fixed Term Plan - Series 27 - Growth CRISIL Short-Term Bond Fund Index 7.55% 8.70% 8.51% 9.18% NA NA IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 7.66% 8.70% 8.64% 9.18% NA NA IDFC Fixed Term Plan - Series 66 - Growth CRISIL Composite Bond Fund Index 8.27% 10.07% 8.44% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.67% 10.07% 8.86% 9.72% NA NA IDFC Fixed Term Plan - Series 70 - Growth CRISIL Composite Bond Fund Index 8.14% 10.07% 8.33% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.48% 10.07% 8.78% 9.72% NA NA IDFC Fixed Term Plan - Series 74 - Growth CRISIL Composite Bond Fund Index 8.34% 10.07% 8.50% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.71% 10.07% 8.91% 9.72% NA NA IDFC Fixed Term Plan - Series 75 - Growth CRISIL Composite Bond Fund Index 8.29% 10.07% 8.48% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.64% 10.07% 8.88% 9.72% NA NA IDFC Fixed Term Plan - Series 77 - Growth CRISIL Composite Bond Fund Index 8.34% 10.07% 8.60% 9.72% NA NA 57

59 Performance Table Period Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.69% 10.07% 8.90% 9.72% NA NA IDFC Fixed Term Plan - Series 78 - Growth CRISIL Short-Term Bond Fund Index 8.32% 8.70% 8.66% 9.18% NA NA IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 8.50% 8.70% 8.87% 9.18% NA NA IDFC Fixed Term Plan - Series 79 - Growth CRISIL Composite Bond Fund Index 8.33% 10.07% 8.50% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.68% 10.07% 8.91% 9.72% NA NA IDFC Fixed Term Plan - Series 84 - Growth CRISIL Composite Bond Fund Index 8.29% 10.07% 8.51% 9.64% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.63% 10.07% 8.81% 9.64% NA NA IDFC Fixed Term Plan - Series 86 - Growth CRISIL Composite Bond Fund Index 8.22% 10.07% 8.41% 9.64% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.57% 10.07% 8.78% 9.64% NA NA IDFC Fixed Term Plan - Series 88 - Growth CRISIL Composite Bond Fund Index 8.39% 10.07% 8.63% 9.64% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.74% 10.07% 8.90% 9.64% NA NA IDFC Fixed Term Plan - Series 91 - Growth CRISIL Composite Bond Fund Index 8.62% 10.07% 8.71% 9.72% NA NA IDFC Fixed Term Plan - Series CRISIL Composite Bond Fund Index 8.73% 10.07% 8.85% 9.72% NA NA IDFC Fixed Term Plan - Series 92 - Growth CRISIL Short-Term Bond Fund Index 7.47% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 7.57% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series 93 - Growth CRISIL Short-Term Bond Fund Index 7.51% 8.70% NA NA NA NA 58

60 Performance Table Period Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 7.61% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series 97 - Growth CRISIL Short-Term Bond Fund Index 7.45% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 7.86% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series 99 - Growth CRISIL Short-Term Bond Fund Index 7.83% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series CRISIL Short-Term Bond Fund Index 7.94% 8.70% NA NA NA NA IDFC Fixed Term Plan - Series Growth CRISIL Composite Bond Fund Index 7.57% 10.07% NA NA NA NA IDFC Fixed Term Plan - Series Crisil Composite Bond Fund Index 8.65% 10.07% NA NA NA NA Mr. Harshal Joshi manages 42 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Rajendra Kumar Mishra IDFC Infrastructure Fund Nifty Infrastructure 49.77% 23.45% 23.61% 7.65% 12.76% 6.62% Mr. Rajendra Kumar Mishra manages 1 scheme of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Sumit Agrawal IDFC Equity Fund IDFC Dynamic Equity Fund IDFC Nifty Fund IDFC Focused Equity 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 S&P BSE % 21.33% 11.81% 12.94% 12.46% 12.92% CRISIL Balanced Fund Aggressive Index 8.82% 15.73% NA NA NA NA Nifty % 18.58% 12.49% 11.60% 13.22% 12.14% Nifty % 18.58% 14.43% 11.60% 12.61% 12.14% CRISIL MIP Blended Index 13.72% 11.42% 12.16% 11.17% 11.11% 9.85% Crisil MIP Blended Index 12.38% 11.42% 11.27% 11.17% 10.47% 9.85% Crisil MIP Blended Index 14.52% 11.42% 12.70% 11.17% 11.41% 9.85% CRISIL Balanced Fund Aggressive Index 18.05% 15.73% 14.31% 11.62% 12.32% 11.40% Mr. Sumit Agrawal manages 8 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. 59

61 Performance Table Period Fund Manager Name: Mr. Suyash Choudhary Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%) IDFC Super Saver Income Fund Short Term CRISIL AAA Short Term Bond Index 7.87% 8.45% 8.63% 9.08% 8.60% 9.25% IDFC Super Saver Income Fund Medium Term IDFC Super Saver Income Fund Investment Plan CRISIL Short-Term Bond Fund Index 8.95% 8.70% 9.07% 9.18% 8.59% 9.05% CRISIL Composite Bond Fund Index 11.79% 10.07% 10.73% 10.93% 9.63% 9.28% IDFC Dynamic Bond Fund IDFC Government Securities Fund Investment Plan CRISIL Composite Bond Fund Index 12.07% 10.07% 10.98% 10.93% 9.87% 9.28% I-Sec Composite Index 12.72% 9.69% 11.41% 11.16% 10.78% 9.86% IDFC Government Securities Fund Provident Fund Plan I-Sec Composite Index 13.63% 9.69% 12.26% 11.16% 11.20% 9.86% IDFC Government Securities Fund Short Term Plan I-Sec Si-BEX 8.65% 7.74% 9.96% 8.83% 10.03% 8.51% Mr. Suyash Choudhary manages 8 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. Fund Manager Name: Mr. Yogik Pitti IDFC Arbitrage Fund CRISIL Liquid Fund Index 6.17% 7.06% 6.92% 7.98% 7.82% 8.32% IDFC Arbitrage Plus Fund CRISIL Liquid Fund Index 6.52% 7.06% 6.72% 7.98% 7.56% 8.32% Mr. Yogik Pitti manages 4 schemes of IDFC Mutual Fund. Performance based on NAV as on 28/04/2017. 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. 60

62 Fund Manager Details Total Experience of Fund Managers Total Experience of Fund Managers Name Years Name Years Mr. Anoop Bhaskar Head Equity 23+ Mr. Anurag Mittal 10+ Mr. Arpit Kapoor 12+ Mr. Arvind Subramanian 7+ Mr. Daylynn Pinto 12+ Mr. Harshal Joshi 9+ Mr. Rajendra Mishra 14+ Mr. Sumit Agrawal 12+ Mr. Suyash Choudhary - Head Fixed Income 16+ Mr. Yogik Pitti 9+ Weighted Average Expense Ratio for the Month Scheme Name - (Regular Plan / Direct Plan): IDFC All Seasons Bond Fund: 0.68% / 0.24%, IDFC Arbitrage Fund: 0.96% / 0.44%, IDFC Arbitrage Plus Fund: 1.03% / 0.38%, IDFC Asset Allocation Fund - Aggressive Plan: 1.54% / 1.02%, IDFC Asset Allocation Fund - Conservative Plan: 1.17% / 0.68%, IDFC Asset Allocation Fund - Moderate Plan: 1.45% / 0.96%, IDFC Balanced Fund: 2.40% / 0.88%, IDFC Banking Debt Fund: 0.32% / 0.22%, IDFC Cash Fund: 0.16% / 0.08%, IDFC Classic Equity Fund: 2.24% / 0.93%, IDFC Corporate Bond Fund: 0.48% / 0.22%, IDFC Credit Opportunities Fund: 1.23% / 0.35%, IDFC Dynamic Bond Fund: 1.50% / 0.70%, IDFC Dynamic Equity Fund: 2.25% / 1.34%, IDFC Equity Fund: 2.55% / 1.61%, IDFC Focused Equity Fund: 2.67% / 1.72%, IDFC Government Securities Fund - Investment Plan: 1.42% / 0.84%, IDFC Government Securities Fund - PF Plan: 0.75% / 0.29%, IDFC Government Securities Fund - Short Term Plan: 0.40% / 0.35%, IDFC Infrastructure Fund: 2.57% / 1.46%, IDFC Money Manager Fund - Investment Plan: 0.46% / 0.25%, IDFC Money Manager Fund - Treasury Plan: 1.06% / 0.51%, IDFC Monthly Income Plan: 2.11% / 1.33%, IDFC Nifty ETF: 0.13%, IDFC Nifty Fund: 0.25% / 0.15%, IDFC Premier Equity Fund: 2.00% / 1.24%, IDFC Sensex ETF: 0.13%, IDFC Sterling Equity Fund: 2.17% / 1.11%, IDFC Super Saver Income Fund - Investment Plan: 1.87% / 0.42%, IDFC Super Saver Income Fund - Medium Term Plan: 1.34% / 0.69%, IDFC Super Saver Income Fund - Short Term Plan: 0.79% / 0.25%, IDFC Tax Advantage Fund: 2.42% / 1.58%, IDFC Ultra Short Term Fund: 0.37% / 0.22% Disclaimer: The above recurring expense ratio does not include the Service tax on Investment Management Fees, the proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets and borrowing cost, wherever applicable. 61

63 Dividend History Last 3 Gross Dividends ( `/unit) : Date Plan Dividend NAV Date Plan Dividend NAV Date Plan Freq Dividend Nav IDFC Classic Equity Fund IDFC Arbitrage Plus Fund IDFC Corporate Bond Fund contd.. 27-Apr-17 Reg Plan Monthly Aug-16 Direct Plan Dividend Mar-17 Reg Plan Monthly Feb-17 Reg Plan Monthly Mar-16 Direct Plan Dividend Mar-17 Reg Plan Annually Mar-17 Direct Plan Quarterly Mar-16 Reg Plan Annually Dec-16 Direct Plan Quarterly Jan-17 Plan B Nov-16 Plan B Sep-16 Direct Plan Quarterly Oct-16 Plan B Mar-17 Direct Plan Annually Apr Feb-17 Dir Plan Monthly Dir Plan Monthly IDFC All Seasons Bond Fund 30-Jan-17 Dir Plan Monthly Mar-17 Dir Plan Annually Mar-16 Dir Plan Annually IDFC Monthly Income Plan 29-Feb-16 Plan B Feb 15 Plan B Feb 13 Plan B 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 08-Mar-16 Plan B Mar-15 Plan B Mar 14 Plan B 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 Plan B Jan-16 Plan B Jan-15 Plan B Jan-17 Reg Plan Jan-16 Reg Plan Jan-15 Reg Plan May 08 Reg Plan Jan-17 Dir Plan Jan-16 Dir Plan Jan-15 Dir Plan IDFC Equity Fund 10-Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-16 Plan B Mar-15 Plan B Mar 14 Plan B Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan IDFC Arbitrage Fund 27-Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Feb-17 Reg Plan Monthly Mar-17 Reg Plan Annually Jan-17 Plan B Dec-16 Plan B Nov-16 Plan B Apr-17 Dir Plan Monthly Mar-17 Dir Plan Monthly Feb-17 Dir Plan Monthly Mar-17 Dir Plan Annually IDFC Tax Advantage 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 Date Plan Freq Dividend Nav 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly IDFC Asset Allocation Fund of Fund - Conservative Plan 27-Apr-17 Regular Plan Mar-17 Regular Plan Feb-17 Regular Plan Apr-17 Direct Plan Mar-17 Direct Plan Feb-17 Direct Plan IDFC Asset Allocation Fund of Fund - Moderate Plan 27-Apr-17 Regular Plan Mar-17 Regular Plan Feb-17 Regular Plan IDFC Asset Allocation Fund of Fund - Aggressive Plan 27-Apr-17 Regular Plan Mar-17 Regular Plan Feb-17 Regular Plan Apr-17 Direct Plan Mar-17 Direct Plan Feb-17 Direct Plan IDFC Dynamic Equity Fund 28-Apr-17 Regular Plan Jan-17 Regular Plan Oct-16 Regular Plan Apr-17 Direct Plan Jan-17 Direct Plan Oct-16 Direct Plan IDFC Corporate Bond Fund 27-Apr-17 Reg Plan Monthly Mar-17 Reg Plan Monthly Feb-17 Reg Plan Monthly Aug-16 Reg Plan Dividend Mar-16 Reg Plan Dividend Mar-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 Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Jan-17 Direct Plan Monthly Mar-17 Regular Plan Half Yearly Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly IDFC Cash Fund 30-Jan-17 Plan A Monthly Dec-16 Plan A Monthly Nov-16 Plan A Monthly Sep-14 Plan A Periodic Dec-11 Plan A Periodic Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Sep-14 Regular Plan Periodic Dec-11 Regular Plan Periodic Sep-11 Regular Plan Periodic Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Sep-14 Direct Plan Periodic IDFC Ultra Short Term Fund 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Sep-14 Regular Plan Periodic May-13 Regular Plan Periodic Jan-12 Regular Plan Periodic Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Sep-14 Direct Plan Periodic IDFC Money Manager Fund - Treasury Plan 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Jul-14 Plan B Monthly Jun-14 Plan B Monthly May-14 Plan B Monthly Mar-13 Plan C Monthly Feb-13 Plan C Monthly Jan-13 Plan C Monthly Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Date Plan Freq Dividend Nav IDFC Banking Debt Fund 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan IDFC Money Manager Fund - Investment Plan 30-Jan-17 Plan A Monthly Dec-16 Plan A Monthly Nov-16 Plan A Monthly Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Mar-15 Plan A Annually Sep-14 Plan A Annually Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Mar-16 Direct Plan Periodic Dec-15 Direct Plan Periodic Sep-14 Direct Plan Periodic IDFC Super Saver Income Fund - Short Term Plan 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Mar-16 Plan B Monthly Jan-16 Plan B Monthly Dec-15 Plan B Monthly Mar-13 Plan C Monthly Feb-13 Plan C Monthly Jan-13 Plan C Monthly Nov-10 Plan D Monthly Sep-10 Plan D Monthly Aug-10 Plan D Monthly Mar-16 Plan F Mar-15 Plan F Sep-14 Plan F Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly 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. 62

64 Dividend History Date Plan Freq Dividend Nav Date Plan Freq Dividend Nav IDFC Super Saver Income Fund - Medium Term Plan IDFC Dynamic Bond Fund 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Feb-17 Regular Plan Monthly Mar-17 Regular Plan BiMonthly Jan-17 Regular Plan BiMonthly Nov-16 Regular Plan BiMonthly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly May-13 Plan B Monthly Apr-13 Plan B Monthly Mar-13 Plan B Monthly Mar-11 Plan B Annually Mar-16 Plan B Mar-15 Plan B Sep-14 Plan B Sep-11 Plan B Mar-16 Plan F Mar-15 Plan F Sep-14 Plan F Apr-17 Direct Plan Monthly Mar-17 Direct Plan Monthly Feb-17 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Mar-17 Direct Plan BiMonthly Jan-17 Direct Plan BiMonthly Nov-16 Direct Plan BiMonthly IDFC Super Saver Income Fund - Investment Plan 22-Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-17 Regular Plan Half Yearly Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-09 Regular Plan Annually May-13 Plan B Mar-13 Plan B Dec-11 Plan B Sep-14 Plan C May-13 Plan C Mar-13 Plan C Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Mar-17 Direct Plan Annually Mar-16 Direct Plan Annually Mar-15 Direct Plan Annually IDFC Government Securities Fund - Provident Fund Plan 22-Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Dec-16 Plan B Quarterly Sep-16 Plan B Quarterly Jun-16 Plan B Quarterly Mar-17 Direct Plan Annually Mar-16 Direct Plan Annually Mar-15 Direct Plan Annually Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan Periodic Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Mar-09 Plan A Annually Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Mar-17 Regular Plan Half Yearly Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Mar-17 Direct Plan Annually Mar-16 Direct Plan Annually Sep-14 Direct Plan Annually Mar-17 Direct Plan Half Yearly Sep-16 Direct Plan Half Yearly Mar-16 Direct Plan Half Yearly IDFC Government Securities Fund Investment Plan 22-Sep-16 Plan A Half Yearly Mar-16 Plan A Half Yearly Sep-15 Plan A Half Yearly Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-17 Regular Plan Annually Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Mar-17 Regular Plan Mar-16 Regular Plan Mar-15 Regular Plan Mar-17 Regular Plan Half Yearly Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Sep-14 Direct Plan Half Yearly Mar-14 Direct Plan Half Yearly Sep-13 Direct Plan Half Yearly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-17 Direct Plan Mar-16 Direct Plan Mar-15 Direct Plan Mar-17 Direct Plan Annually Mar-16 Direct Plan Annually Mar-14 Direct Plan Annually IDFC Government Securities Fund - Short Term Plan 27-Apr-17 Regular Plan Monthly Mar-17 Regular Plan Monthly Jan-17 Regular Plan Monthly Mar-17 Regular Plan Quarterly Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jan-17 Direct Plan Monthly Nov-16 Direct Plan Monthly Oct-16 Direct Plan Monthly Mar-17 Direct Plan Quarterly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly 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 longterm debt obligations rated in the highest credit- quality category. IDFC CASH FUND, IDFC USTF: Credit Risk Rating A1+mfs - The highest-creditquality 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. 63

65 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 Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 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 Rs 100 and the exit load is 1%, the redemption price would be Rs.99 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. 64

66 Now, invest on the go with m-transact. The SMS facility, with which you can invest in just two simple steps in all the Open-ended schemes. A confirmation SMS and letter will be sent to the investor confirming activation of the services. Post which you can start using the services under the facility through SMS. To invest, SMS INV space <amount> space <scheme code> to To redeem SMS RED space <amount> space <scheme code> to To Register for SIP, SMS* SIP space <amount> space <scheme code> to *Applicable only after successful registration for purchases under SMS transact. addendums

67 IDFC AMC Offices 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 (Ghatkopar) : Office No. 308, Zest Business Spaces, M. G. Road, Ghatkopar (East), Mumbai 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. : 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 M o b i l e : , , , 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, AshianaHariniwas, NewDakbanglowRoad, 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.: