Gift your child a bright future.

Transcription

1 October 2018 Free Personal Accident Insurance cover of up to ` 10 lakhs #. Gift your child a bright future. Consider HDFC Children s Gift Fund. To know more, contact your financial adviser or give a missed call on # Subject to the terms and conditions of the & the Group Personal Accident Insurance Policy detailed in the Information Document. HDFC Children s Gift Fund (An open-ended fund for investment for children having a lock-in for at least 5 years or till the child attains age of majority {whichever is earlier}) is suitable for investors who are seeking*: Capital appreciation over long term Investment in equity and equity-related instruments as well as debt and money market instruments *Investors should consult their financial advisers if in doubt MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

2 GLOSSARY Sharpe Ratio Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off investing in risk-free assets. Beta Beta (ß) of a portfolio is a number indicating the relation between portfolio returns with that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in comparison to the market as a whole. Modified Duration A formula that expresses the measurable change in the value of a security in response to a change in interest rates. Modified duration of portfolio can be used to anticipate the change in market value of portfolio for every change in portfolio yield. Standard Deviation A statistical measure that defines expected volatility/risk associated with a portfolio. This explains the variation/deviation from the average returns delivered by the portfolio. A higher standard deviation means higher volatility (risk) and a lower standard deviation means lower volatility. Risk Free Return The theoretical rate of return of an investment with safest (zero risk) investment in a country. Total Expense Ratio Total expenses charged to scheme for the month expressed as a percentage to average monthly net assets. HOW TO READ FACTSHEET Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the NIFTY, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1 %, the investor will enter the fund at Rs (Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor). Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Exit Load. For instance if the NAV is Rs. 100 and the exit load is 1%, the investor will receive Rs. 99. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Tracking Error Tracking error indicates how closely the portfolio return is tracking the benchmark Index return. It measures the deviation between portfolio return and benchmark index return. A lower tracking error indicates portfolio closely tracking benchmark index and higher tracking error indicates portfolio returns with higher deviation from benchmark index returns. Average Maturity Weighted average maturity of the securities in scheme. Yield (Yield To Maturity) Weighted average yield of the securities in scheme portfolio. Turnover Ratio Turnover Ratio is the percentage of a fund s holdings that have changed in a given year. This ratio measures the fund s trading activity, which is computed by taking the lesser of purchases or sales and dividing by average monthly net assets. Macaulay Duration (Duration) Macaulay Duration (Duration) measures the price volatility of fixed income securities. It is often used in the comparison of interest rate risk between securities with different coupons and different maturities. It is defined as the weighted average time to cash flows of a bond where the weights are nothing but the present value of the cash flows themselves. It is expressed in years. The duration of a fixed income security is always shorter than its term to maturity, except in the case of zero coupon securities where they are the same. Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Ratio ( Beta) Beta is a measure of an investment s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. Average portfolio PE (Average P/E) It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio price to book ratio (Average P/BV) It is price to book value of the stocks calculated for the entire portfolio on a weighted average basis. Average portfolio dividend yield (Average Dividend Yield) It is dividend yield of the stocks calculated for the entire portfolio on a weighted average basis. Net Equity Net equity level is the net equity exposure percentage adjusted for any derivative positions in stocks or index for hedging or rebalancing purpose. R Squared It is a statistical measure of how closely the portfolio returns are correlated with its benchmark. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. 2 October 2018 Intouch mutually

3 Market Review Equity Market update Indian equity markets corrected by 5% in October amid concerns over global slowdown due to trade wars, global capital markets selloff, concerns around NBFCs, worries over discretionary demand, elevated crude oil prices and depreciating INR. Midcaps / Smallcaps outperformed SENSEX / NIFTY 50 in October, though in 2018 CYTD till October midcap / small caps indices have underperformed significantly. Banking, capital goods and power sectors performed well while Auto, oil & gas and IT underperformed. Global equity markets also performed poorly with all major indices ending the month significantly negative on MoM basis. KOSPI was the worst performer, down 13.4%. The table below gives the details of performance of key domestic and global indices. % Change in Indices CY M CY 2018 YTD S&P BSE India Auto 32.1 (7.4) (25.7) S&P BSE India Bankex (1.7) S&P BSE India Capital Goods (8.6) S&P BSE India FMCG 31.5 (3.3) 4.0 S&P BSE India Healthcare 0.5 (2.0) (0.5) S&P BSE India Metal 47.8 (5.7) (16.2) S&P BSE India Power (17.8) S&P BSE India Oil & Gas 34.0 (10.8) (18.6) S&P BSE India IT 10.8 (7.0) 28.9 S&P BSE SENSEX 27.9 (4.9) 1.1 NIFTY (5.0) (1.4) NIFTY Midcap (18.7) NIFTY Smallcap 57.3 (1.4) (33.3) % Change in Indices CY M CY 2018 YTD S&P (6.9) 1.4 FTSE 7.6 (5.1) (7.3) DAX 12.5 (6.5) (11.4) CAC 9.3 (7.3) (4.1) Nikkei 19.1 (9.1) (3.7) Hang Seng 36.0 (10.1) (16.5) KOSPI 21.8 (13.4) (17.7) Shanghai 6.6 (7.7) (21.3) MSCI Emerging Market Index 34.3 (8.8) (17.5) During the month, Brent crude price corrected sharply by ~9% (though still up 18.5% in 2018 so far) and closed at USD 72. India basket for crude FY19YTD has been USD 75 vs FY18 average of USD 56. Most other major commodities also corrected with lead being the worst performer down 5.5% while Gold being the best performer, up 2%. INR ended the month at 74.0 vs USD. INR has depreciated by 2% in October and 13.6% in 2018 vs USD. The current depreciation of INR vs USD is in line with the long term trend of INR vs USD due to higher inflation in India. Besides, as the below chart shows in FY19 most developing / developed currencies have depreciated vs the USD due to strong US economy, rising rates in the US etc. Movement of Major currencies vs USD FY19 YTDtill Oct Canadian Dollar Japanese Yen South Koran Won Australian dollar Euro Pound Indonesian Rupiah Chinese Yuan Mexico Brazilian Real Indian Rupee Russian Ruble South African Rand Turkish Lira In view of the above it would be more appropriate to describe INR movement as appreciation of USD, instead of INR depreciation. FPIs sold Indian equities worth US$3.9 bn during October. FPI s Equity sales in FY19YTD till September have been close to US$7.9bn. Equity oriented mutual funds flows continue to remain healthy providing a good counter balance in the markets. Net inflows in domestic equity oriented mutual funds in September 2018 were Rs 11,900 crores. Total net inflows domestic equity oriented mutual funds in FY19YTD till September have been nearly Rs 72,500 crores. Amongst the results declared so far for Q2FY19, results of corporate banks, infrastructure and industrials etc. were above expectations while those of NBFCs, metals and capital goods were largely in line with expectations. Earnings for retail banks and Information technology sectors were mixed while for auto, telecom, media & entertainment, Oil & gas and consumers were below or slightly below expectations. NIFTY 50 is trading near 18x CY18 (e) and 15x CY19 (e). These are reasonable multiples especially in view of improving profit growth outlook. Markets thus hold promise over the medium to long term in our opinion. Adverse global events, rising crude oil prices, sharp moderation in equity oriented mutual funds flows and delays in NPA resolution under NCLT are key risks in the near term. In view of the above, the opportunity created by correction in Indian markets should be used by discerning investors to increase allocation to equities, especially in multi cap / large cap Funds in a phased manner or in staying invested as the case may be (for those with a medium to long term view and in line with individual risk appetite). Debt Market update The yield on 10-year benchmark (7.17% GoI 2028) ended the month at 7.85%, down by 17 bps MoM due to dovish RBI monetary policy with no hike in rates and fall in Brent crude oil prices from intra month high of ~$87 to ~$74 per barrel. The yield on 10-year AAA Corporate Bonds ended the month flat at 8.78%. Thus, corporate bond spreads during the month widened to 77 bps as against 60 bps in September 2018 (spread against 7.17% GoI 2028). Liquidity conditions remained positive during first week of the month but turned negative thereafter. On overall basis, as against ~Rs 42,000 crores of liquidity infused by RBI in September 2018 through various sources, ~Rs 58,000 crores of liquidity was infused by RBI on an average in Oct18. To support liquidity, RBI purchased INR 360 bn worth of G-Secs through Open Market Operations (OMOs) and also announced plans to do further OMOs of INR 400 bn during Nov18. The overnight rate ended flat at 6.6% for the month of Oct18. INR depreciated by 2% against USD during the month to close at 74 on the back of RBI keeping policy rate unchanged and continuing net capital outflows. Net FII debt flows recorded an outflow of USD 1.3 bn during the month, marginally lower than the outflow of USD 1.4 bn in September In the first seven months of FY19, net FII debt outflows aggregated to USD 8.3 bn as against inflows of US$ 18.1 bn during the corresponding period last year. September trade deficit widened to US$ 14 bn from USD 9.4 bn a year ago. The overall imports increased by 10.5% YoY primarily on account of sharp increase in crude import by ~34%. On the other hand, overall exports declined by ~2% due to de-growth in exports of agriculture products (-11%) and gold, silver & gems & jewellery (-21.7%). This was partially offset by increase in exports of petroleum and related products (+27%). The annual rate of retail inflation, CPI remained largely stable at 3.8% YoY in September 2018, compared to 3.7% in August This was primarily driven by lower food prices and favourable base effect. However, the Core CPI (excl. food, fuel, transportation & housing) declined marginally and continued to remain at elevated level of 5.3% in September 2018 (Aug 18: 5.5%). This was on account of continued high inflation in tobacco, clothing and services. GST collections in October 2018 (for month of September 2018) increased to ~INR 1,007 bn from ~INR 944 bn a month ago. Average monthly collection in FYTD19 remained ~7% higher than FY18 s average monthly collection (Aug 17 to Mar 18). During first seven months of FY19, average monthly collection of GST stood at ~INR 970 bn, lower than FY19 s budgeted estimate of ~INR 1,100 bn. Outlook Developed Economies Developing Economies India Source for various data points: Bloomberg, Bloomberg Consensus, Reuters, NSDL. The Monetary Policy Committee (MPC) minutes released for its meeting held in October 2018 were in line with expectations and reinforced the view that next rate hike will be data dependent. However, given the elevated crude oil prices and the consequent pressure on currency, we prefer to maintain a cautious stance. ly, the impact of higher MSPs on food prices, credit growth outpacing deposit growth, fiscal pressures and rising US bond yields are other factors which need to be closely monitored. In our opinion, the front end of the yield curve continues to offer better risk adjusted return than the longer end and hence, we continue to recommend investment in short to medium duration debt funds. Intouch mutually October

4 CONTENTS Wealth Creation Page No. Regular Income Page No. Hdfc Equity Fund Hdfc Capital Builder Value Fund Hdfc Top 100 Fund Hdfc Mid-Cap Opportunities Fund Hdfc Small Cap Fund Hdfc Growth Opportunities Fund Hdfc Focused 30 Fund Hdfc Infrastructure Fund Hdfc Balanced Advantage Fund HDFC Hybrid Equity Fund Hdfc Multi-Asset Fund Hdfc Nifty 50 Etf Hdfc Index Fund - Nifty 50 Plan Hdfc Sensex Etf Hdfc Index Fund - Sensex Plan Hdfc Equity Savings Fund HDFC Hybrid Debt Fund Hdfc Arbitrage Fund HDFC Corporate Bond Fund Hdfc Credit Risk Debt Fund Hdfc Banking and Psu Debt Fund Hdfc Gilt Fund HDFC Dynamic Debt Fund Hdfc Income Fund Hdfc Medium Term Debt Fund Hdfc Short Term Debt Fund Hdfc Low Duration Fund Hdfc Money Market Fund Hdfc Floating Rate Debt Fund Hdfc Ultra Short Term Fund Hdfc Liquid Fund Tax Savings Hdfc Overnight Fund Hdfc Taxsaver CHILDren'S FUTURE Hdfc Children s Gift Fund Performance details of schemes managed by respective fund managers performance summary - Regular Plans performance summary - Direct Plans RETIREMENT PLANNING Hdfc Retirement Savings Fund - Equity Plan Hdfc Retirement Savings Fund - Hybrid Equity Plan Performance of Category I - FPI Dividend History Disclaimer Hdfc Retirement Savings Fund - Hybrid Debt Plan Goal Based Solutions Wealth Creation Tax Savings CHILDren'S FUTURE retirement planning Regular Income These schemes aim to increase wealth over the long term by investing predominantly in equity instruments and are suitable for investors with high risk appetite and relatively higher investment horizon. This scheme is eligible to provide tax deduction under Section 80C and also aims to increase wealth over the long term. This is an ideal solution for investors who would like to create wealth and save tax. This scheme aims to help you achieve your specific financial goal of planning for child s future expenses like higher education, etc. These schemes aim to help you achieve your specific financial goal of retirement planning. These schemes aim to provide stable income and are ideal for investors with low to medium risk appetite who wish to receive regular income to meet their periodic expenses. Disclaimer: Investors are requested to note that the above goal based solutions should not be construed as financial planning solution/recommendation by the Fund/ AMC. It does not in any manner, indicate or imply either the quality of any particular or guarantee any specific performance/returns. Such solutions must be tailored to investor s individual situation and objectives and therefore, investors should consult their financial advisors to ascertain whether a product is suitable for them. 4 October 2018 Intouch mutually

5 HDFC Equity Fund (An open ended equity scheme investing across large cap, mid cap & small cap stocks) To generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Multi-Cap Fund l Fund Manager Prashant Jain (since June 20, 03) Total Experience: Over 27 years January 1, 1995 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) 27.15% Risk Ratio Standard Deviation 5.363% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 1.99% Direct: 1.19% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03). Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly in equity & equity related instruments Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related ICICI Bank Ltd. Banks State Bank of India Banks 9.79 Infosys Ltd. Software 9.09 Larsen & Toubro Ltd. Construction Project 8.31 Reliance Industries Ltd. Petroleum Products 5.58 HDFC Bank Ltd. Banks 4.32 ITC Ltd. Consumer Non Durables 3.92 NTPC Ltd. Power 3.38 GAIL (India) Ltd. Gas 2.89 Power Grid Corporation of India Ltd. Power 2.81 Tata Consultancy Services Ltd. Software 2.68 Bank of Baroda Banks 2.52 Aurobindo Pharma Ltd. Pharmaceuticals 2.40 Axis Bank Ltd. Banks 2.39 Tata Steel Ltd. Ferrous Metals 2.28 CESC Ltd. Power 2.02 Vedanta Ltd. Non - Ferrous Metals 1.87 Cipla Ltd. Pharmaceuticals 1.61 Power Finance Corporation Ltd. Finance 1.58 Tata Chemicals Ltd. Chemicals 1.50 Housing Development Finance Corporation Ltd. Finance 1.43 Balkrishna Industries Ltd. Auto Ancillaries 1.29 Canara Bank Banks 1.23 Rural Electrification Corporation Ltd. Finance 1.21 Bharat Petroleum Corporation Ltd. Petroleum Products 1.21 Kalpataru Power Transmission Ltd. Power 1.12 L&T Technology Services Ltd. Software 0.94 Siemens Ltd. Industrial Capital Goods 0.93 Oracle Financial Services Software Ltd. Software 0.91 Container Corporation of India Ltd. Transportation 0.90 Praj Industries Ltd. Industrial Capital Goods 0.88 Punjab National Bank Banks 0.87 UPL Ltd. Pesticides 0.79 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.61 Coal India Ltd. Minerals/Mining 0.55 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) 66, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option Company Industry + % to NAV Time Technoplast Ltd. Industrial Products 0.54 BEML Ltd. Industrial Capital Goods 0.53 Simplex Infrastructures Ltd. Construction 0.52 Bharat Dynamics Limited Industrial Capital Goods 0.50 Oriental Bank of Commerce Banks 0.33 Reliance Nippon Life Asset Management Ltd. Finance 0.22 Ramco Systems Ltd. Software 0.21 RP-SG Business Process Services Software 0.18 RP-SG Retail Ltd Retailing 0.17 Hindustan Construction Company Ltd. Construction Project 0.15 Avenue Supermarts Ltd. Retailing 0.06 Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02 Sub Total 0.02 Total Cash, Cash Equivalents and Net Current Top Ten Holdings, Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Banks Software Power 9.33 Construction Project 8.46 Petroleum Products 6.79 Finance 4.44 Pharmaceuticals 4.01 Consumer Non Durables 3.92 Industrial Capital Goods 3.45 Gas 2.89 Ferrous Metals 2.28 Non - Ferrous Metals 1.87 Chemicals 1.50 Auto Ancillaries 1.29 Transportation 0.90 Pesticides 0.79 Minerals/Mining 0.55 Industrial Products 0.54 Construction 0.52 Retailing 0.23 Media & Entertainment (`) Oct 31, 17 Last 1 Year ,721 9,683 10,191 Oct 30, 15 Last 3 Years ,560 13,459 13,396 Oct 31, 13 Last 5 Years ,293 19,297 17,546 Jan 01, 95 Since Inception , , ,973 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Jan 02, 95 (data for Jan 01, 95 is not available) to June 29, 99 and TRI values since June 30, 99. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

6 HDFC Capital Builder Value Fund (An open ended equity scheme following a value investment strategy) This is a simple and performing scheme which is eligible for distribution by new cadre of distributors. To achieve capital appreciation/income in the long term by primarily investing in undervalued stocks. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Value Fund l Fund Manager Miten Lathia (since Mar 20, 17) Total Experience: Over 18 years (The scheme was co-managed by Miten Lathia with Chirag Setalvad from May 10, 12 to March 19, 17) February 1, 1994 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) 27.13% Risk Ratio Standard Deviation 4.810% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.32% Direct: 0.92% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income in the long term investment primarily in undervalued stocks Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 8.82 ITC Ltd. Consumer Non Durables 5.37 Reliance Industries Ltd. Petroleum Products 4.46 Infosys Ltd. Software 3.62 Bharat Petroleum Corporation Ltd. Petroleum Products 3.06 GAIL (India) Ltd. Gas 3.03 Indusind Bank Ltd. Banks 3.02 Axis Bank Ltd. Banks 2.99 ICICI Bank Ltd. Banks 2.98 Housing Development Finance Corporation Ltd. Finance 2.88 Vedanta Ltd. Non - Ferrous Metals 2.83 Larsen & Toubro Ltd. Construction Project 2.78 Ambuja Cements Ltd. Cement 2.26 Yes Bank Ltd. Banks 2.12 Cipla Ltd. Pharmaceuticals 2.04 NTPC Ltd. Power 2.00 Kotak Mahindra Bank Ltd. Banks 1.78 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.75 Aurobindo Pharma Ltd. Pharmaceuticals 1.69 NHPC Ltd. Power 1.52 Tata Steel Ltd. Ferrous Metals 1.43 State Bank of India Banks 1.36 Persistent Systems Ltd. Software 1.30 Wipro Ltd. Software 1.27 Apollo Tyres Ltd. Auto Ancillaries 1.22 General Insurance Corporation of India Finance 1.16 Bajaj Corp Ltd. Consumer Non Durables 1.16 VRL Logistics Ltd. Transportation 1.08 Inox Leisure Ltd. Media & Entertainment 1.03 Trent Ltd. Retailing 1.03 Indostar Capital Finance Ltd. Finance 1.03 Max Financial Services Ltd. Finance 1.03 Indoco Remedies Ltd. Pharmaceuticals 0.99 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.98 Gujarat Pipavav Port Ltd. Transportation 0.97 Schaeffler India Ltd. Industrial Products 0.95 Advanced Enzyme Technologies Ltd. Consumer Non Durables 0.94 Oracle Financial Services Software Ltd. Software 0.94 Bharat Financial Inclusion Ltd. Finance 0.92 Tata Chemicals Ltd. Chemicals 0.90 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.90 Newgen Software Technologies Ltd. Software 0.87 Solar Industries India Ltd. Chemicals 0.86 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 0.82 S H Kelkar and Company Ltd. Consumer Non Durables 0.80 Ashoka Buildcon Ltd. Construction Project 0.80 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) 40, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,445 9,683 10,191 Oct 30, 15 Last 3 Years ,521 13,459 13,396 Oct 31, 13 Last 5 Years ,981 19,297 17,546 Feb 01, 94 Since Inception , , ,506 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Miten Lathia, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63. As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 PRI values from Feb 01, 94 to Dec 31, 94 and TRI values since Jan 01, 95. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94 to June 29, 99 and TRI values since June 30, 99. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV Coal India Ltd. Minerals/Mining 0.78 Voltas Ltd. Construction Project 0.74 Siti Networks Ltd. Media & Entertainment 0.68 Repco Home Finance Ltd. Finance 0.64 Spicejet Ltd. Transportation 0.58 Bharti Airtel Ltd. Telecom - Services 0.55 Cochin Shipyard Ltd. Industrial Capital Goods 0.52 Entertainment Network (India) Ltd. Media & Entertainment 0.52 Wonderla Holidays Ltd. Hotels, Resorts & Other Recreational Activities 0.49 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 0.46 Dilip Buildcon Ltd. Construction 0.46 Blue Star Ltd. Consumer Durables 0.44 Bharat Dynamics Limited Industrial Capital Goods 0.42 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.30 Matrimony.com Ltd. Services 0.23 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.22 Sub Total Cash margin 0.11 Cash, Cash Equivalents and Net Current Assets 4.12 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Consumer Non Durables 9.09 Software 8.00 Finance 7.66 Petroleum Products 7.52 Pharmaceuticals 6.77 Construction Project 4.78 Power 3.52 Media & Entertainment 3.13 Gas 3.03 Non - Ferrous Metals 2.83 Transportation 2.63 Cement 2.26 Chemicals 1.76 Ferrous Metals 1.43 Auto Ancillaries 1.22 Industrial Capital Goods 1.16 Retailing 1.03 Fertilisers 0.98 Industrial Products 0.95 Minerals/Mining 0.78 Telecom - Services 0.55 Hotels, Resorts & Other Recreational Activities 0.49 Construction 0.46 Consumer Durables 0.44 Services October 2018 Intouch mutually

7 HDFC Top 100 Fund (An open ended equity scheme predominantly investing in large cap stocks) To provide long-term capital appreciation/income by investing predominantly in Large-Cap companies. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Large-Cap Fund l Fund Manager Prashant Jain (since June 20, 03) Total Experience: Over 27 years October 11, 1996 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, 2018 Average for Month of October, , , Turnover Ratio (Last 1 year) 25.49% Risk Ratio Standard Deviation 4.933% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.11% Direct: 1.38% l #BENCHMARK INDEX: NIFTY 100 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 89.74% Mid Cap 9.71% Small Cap 0.23% Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03). Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly in Large-Cap companies Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related ICICI Bank Ltd. Banks 8.74 State Bank of India Banks 8.23 Infosys Ltd. Software 7.59 Reliance Industries Ltd. Petroleum Products 7.43 HDFC Bank Ltd. Banks 6.34 Larsen & Toubro Ltd. Construction Project 5.97 ITC Ltd. Consumer Non Durables 5.39 NTPC Ltd. Power 4.16 Tata Consultancy Services Ltd. Software 3.50 Axis Bank Ltd. Banks 3.31 Housing Development Finance Corporation Ltd. Finance 2.82 Power Grid Corporation of India Ltd. Power 2.72 Coal India Ltd. Minerals/Mining 2.18 Aurobindo Pharma Ltd. Pharmaceuticals 1.96 Hindustan Petroleum Corporation Ltd. Petroleum Products 1.93 Tata Steel Ltd. Ferrous Metals 1.70 Power Finance Corporation Ltd. Finance 1.69 GAIL (India) Ltd. Gas 1.66 Tata Chemicals Ltd. Chemicals 1.51 Vedanta Ltd. Non - Ferrous Metals 1.48 CESC Ltd. Power 1.33 Cipla Ltd. Pharmaceuticals 1.25 Rural Electrification Corporation Ltd. Finance 1.20 Canara Bank Banks 1.17 Bank of Baroda Banks 1.07 Bharat Petroleum Corporation Ltd. Petroleum Products 1.00 Oil & Natural Gas Corporation Ltd. Oil 0.99 UPL Ltd. Pesticides 0.84 Bharat Electronics Ltd. Industrial Capital Goods 0.78 Bank of India Banks 0.75 HCL Technologies Ltd. Software 0.74 Ambuja Cements Ltd. Cement 0.72 Oracle Financial Services Software Ltd. Software 0.71 ABB India Ltd. Industrial Capital Goods 0.70 Avenue Supermarts Ltd. Retailing 0.68 Tech Mahindra Ltd. Software 0.67 Wipro Ltd. Software 0.62 Hindalco Industries Ltd. Non - Ferrous Metals 0.62 Punjab National Bank Banks 0.53 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) $$ 35, , , (Annualised) $$ (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option $$ (`) $$ Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV Container Corporation of India Ltd. Transportation 0.51 Siemens Ltd. Industrial Capital Goods 0.51 Steel Authority of India Ltd. Ferrous Metals 0.51 Union Bank of India Banks 0.50 Indian Oil Corporation Ltd. Petroleum Products 0.36 NHPC Ltd. Power 0.30 RP-SG Business Process Services Software 0.12 RP-SG Retail Ltd Retailing 0.11 Lupin Ltd. Pharmaceuticals 0.04 LIC Housing Finance Ltd. Finance 0.04 Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.02 Sub Total 0.02 Total Cash, Cash Equivalents and Net Current Assets 0.30 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Petroleum Products Power Construction Project Finance Consumer Non Durables Pharmaceuticals Ferrous Metals Minerals/Mining Non - Ferrous Metals Industrial Capital Goods Gas Chemicals Oil Pesticides Retailing Cement Transportation Media & Entertainment Oct 31, 17 Last 1 Year ,843 10,009 10,491 Oct 30, 15 Last 3 Years ,746 13,511 13,436 Oct 31, 13 Last 5 Years ,948 18,360 17,430 Oct 11, 96 Since Inception N.A ,376 N.A. 157,003 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Intouch mutually October

8 HDFC Mid Cap Opportunities Fund (An open ended equity scheme predominantly investing in mid cap stocks) To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Mid Cap Fund l Fund Manager Chirag Setalvad (since June 25, 07) Total Experience: Over 21 years June 25, 2007 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, 2018 Average for Month of October, , , Turnover Ratio (Last 1 year) 41.22% Risk Ratio Standard Deviation 5.076% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.28% Direct: 1.08% l #BENCHMARK INDEX: NIFTY Midcap 100 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 1.71% Mid Cap 64.98% Small Cap 27.43% Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly in Mid-Cap companies Investors understand that their principal will be at moderately high risk Company Industry + / Rating % to NAV Equity & Equity Related Balkrishna Industries Ltd. Auto Ancillaries 4.36 Sundram Fasteners Ltd. Auto Ancillaries 4.01 Cholamandalam Investment and Finance Company Ltd. Finance 3.88 Torrent Pharmaceuticals Ltd. Pharmaceuticals 2.93 Voltas Ltd. Construction Project 2.92 City Union Bank Ltd. Banks 2.78 Aarti Industries Ltd. Chemicals 2.76 Exide Industries Ltd. Auto Ancillaries 2.66 RBL Bank Ltd. Banks 2.64 Tata Chemicals Ltd. Chemicals 2.62 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 2.50 Hexaware Technologies Ltd. Software 2.29 AIA Engineering Ltd. Industrial Products 2.10 Arvind Ltd. Textile Products 2.10 Apollo Tyres Ltd. Auto Ancillaries 2.05 Trent Ltd. Retailing 2.03 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 1.99 Carborundum Universal Ltd. Industrial Products 1.87 SKF India Ltd. Industrial Products 1.87 TI Financial Holdings Ltd. Finance 1.83 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.79 MRF Ltd. Auto Ancillaries 1.71 Max Financial Services Ltd. Finance 1.70 Indian Bank Banks 1.69 The Federal Bank Ltd. Banks 1.68 VST Industries Ltd. Consumer Non Durables 1.68 Divi's Laboratories Ltd. Pharmaceuticals 1.61 Whirlpool of India Ltd. Consumer Durables 1.54 Atul Ltd. Chemicals 1.44 Edelweiss Financial Services Ltd. Finance 1.43 KEC International Ltd. Construction Project 1.30 IPCA Laboratories Ltd. Pharmaceuticals 1.29 NIIT Technologies Ltd. Software 1.24 Tube Investments of India Ltd. Auto Ancillaries 1.16 Larsen & Toubro Infotech Ltd. Software 1.15 Supreme Industries Ltd. Industrial Products 1.14 Reliance Nippon Life Asset Management Ltd. Finance 1.04 Solar Industries India Ltd. Chemicals 1.02 Jagran Prakashan Ltd. Media & Entertainment 0.94 Schaeffler India Ltd. Industrial Products 0.91 Karur Vysya Bank Ltd. Banks 0.90 KNR Constructions Ltd. Construction 0.86 Navneet Education Ltd. Media & Entertainment 0.85 Greenlam Industries Ltd. Consumer Durables 0.83 Dilip Buildcon Ltd. Construction 0.82 Oil India Ltd. Oil 0.80 Redington (India) Ltd. Transportation 0.76 Blue Star Ltd. Consumer Durables 0.76 Punjab National Bank Banks 0.73 Delta Corp Ltd. Hotels, Resorts & Other Recreational Activities 0.72 Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 4, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,129 8,869 10,191 Oct 30, 15 Last 3 Years ,705 13,436 13,396 Oct 31, 13 Last 5 Years ,046 24,151 17,546 Jun 25, 07 Since Inception ,386 34,208 27,910 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + / Rating % to NAV Union Bank of India Banks 0.68 Grindwell Norton Ltd. Industrial Products 0.64 Cummins India Ltd. Industrial Products 0.61 Greenply Industries Ltd. Consumer Durables 0.53 Bata India Ltd. Consumer Durables 0.49 Symphony Ltd. Consumer Durables 0.47 Vesuvius India Ltd. Industrial Products 0.46 Gujarat Fluorochemicals Ltd. Industrial Capital Goods 0.44 Persistent Systems Ltd. Software 0.43 Thermax Ltd. Industrial Capital Goods 0.42 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.40 Vardhman Textiles Ltd. Textiles - Cotton 0.36 Strides Pharma Science Ltd. Pharmaceuticals 0.24 Dhanuka Agritech Ltd. Pesticides 0.19 Capital First Ltd. Finance 0.10 Aurobindo Pharma Ltd. Aditya Birla Nuvo Ltd. Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Entertainment 0.01 Sub Total 0.01 Total Cash, Cash Equivalents and Net Current Assets 5.85 Top Ten Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Auto Ancillaries Banks Finance 9.98 Industrial Products 9.60 Pharmaceuticals 7.86 Chemicals 7.84 Consumer Durables 6.61 Software 5.11 Construction Project 4.22 Hotels, Resorts & Other Recreational Activities 3.62 Textile Products 2.10 Retailing 2.03 Media & Entertainment 1.80 Construction 1.68 Consumer Non Durables 1.68 Industrial Capital Goods 0.86 Oil 0.80 Transportation 0.76 Textiles - Cotton 0.36 Pesticides October 2018 Intouch mutually

9 HDFC Small Cap Fund (An open ended equity scheme predominantly investing in small cap stocks) To provide long-term capital appreciation /income by investing predominantly in Small-Cap companies. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Small Cap Fund l Fund Manager Chirag Setalvad (since June 28, 14) Total Experience: Over 21 years April 3, 2008 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, 2018 Average for Month of October, , , Turnover Ratio (Last 1 year) 19.36% Risk Ratio Standard Deviation 5.274% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.11% Direct: 0.66% l #BENCHMARK INDEX: NIFTY Smallcap 100 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 4.51% Mid Cap 7.16% Small Cap 73.35% Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly in Small-Cap companies Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related Aurobindo Pharma Ltd. Pharmaceuticals 4.51 NIIT Technologies Ltd. Software 4.11 Chambal Fertilizers & Chemicals Ltd. Fertilisers 3.38 Sharda Cropchem Ltd. Pesticides 3.28 Sonata Software Ltd. Software 2.97 Indian Bank Banks 2.73 Firstsource Solutions Ltd Software 2.53 TV Today Network Ltd. Media & Entertainment 2.42 SKF India Ltd. Industrial Products 2.37 Vijaya Bank Banks 2.18 Vardhman Textiles Ltd. Textiles - Cotton 2.09 KEC International Ltd. Construction Project 2.07 Atul Ltd. Chemicals 1.96 Inox Leisure Ltd. Media & Entertainment 1.91 Gujarat Fluorochemicals Ltd. Industrial Capital Goods 1.91 EIH Ltd. Hotels, Resorts & Other Recreational Activities 1.88 Nilkamal Ltd. Industrial Products 1.88 Carborundum Universal Ltd. Industrial Products 1.86 Tata Metaliks Ltd. Ferrous Metals 1.82 Great Eastern Shipping Company Ltd. Transportation 1.80 Advanced Enzyme Technologies Ltd. Consumer Non Durables 1.56 Power Mech Projects Ltd. Construction Project 1.47 Finolex Industries Ltd. Industrial Products 1.46 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 1.41 Mcleod Russel India Ltd. Consumer Non Durables 1.29 KEI Industries Ltd. Industrial Products 1.26 NRB Bearing Ltd. Industrial Products 1.22 Tube Investments of India Ltd. Auto Ancillaries 1.18 Kalpataru Power Transmission Ltd. Power 1.18 Orient Refractories Ltd. Industrial Products 1.17 Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.11 LG Balakrishnan & Bros Ltd. Auto Ancillaries 1.10 Oriental Carbon & Chemicals Ltd. Chemicals 1.08 PNC Infratech Ltd. Construction 1.04 Redington (India) Ltd. Transportation 1.04 eclerx Services Ltd. Software 1.00 Vesuvius India Ltd. Industrial Products 0.83 Lemon Tree Hotels Ltd. Hotels, Resorts & Other Recreational Activities 0.80 Atul Auto Ltd. Auto 0.78 Oriental Bank of Commerce Banks 0.78 Apar Industries Ltd. Industrial Capital Goods 0.74 GNA Axles Ltd. Auto Ancillaries 0.72 Jagran Prakashan Ltd. Media & Entertainment 0.71 Greenlam Industries Ltd. Consumer Durables 0.69 Merck Ltd. Pharmaceuticals 0.65 The Federal Bank Ltd. Banks 0.62 Fine Organic Industries Limited Chemicals 0.57 Kirloskar Ferrous Industries Ltd Industrial Capital Goods 0.55 Goodyear India Ltd. Auto Ancillaries 0.53 TI Financial Holdings Ltd. Finance 0.51 Insecticides (India) Ltd. Pesticides 0.51 Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 3, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,042 7,161 10,191 Oct 30, 15 Last 3 Years ,877 11,637 13,396 Oct 31, 13 Last 5 Years ,664 20,831 17,546 Apr 03, 08 Since Inception ,735 18,813 24,754 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV Sadbhav Engineering Ltd. Construction Project 0.51 Allahabad Bank Banks 0.50 IFGL Refractories Ltd. Industrial Products 0.47 Taj GVK Hotels & Resorts Ltd. Hotels, Resorts & Other Recreational Activities 0.40 Swaraj Engines Ltd. Industrial Products 0.40 Everest Industries Ltd. Cement 0.37 V.S.T Tillers Tractors Ltd. Auto 0.36 D.B.Corp Ltd. Media & Entertainment 0.36 Unichem Laboratories Ltd. Pharmaceuticals 0.28 Banco Products (I) Ltd. Auto Ancillaries 0.26 Amber Enterprises India Ltd. Consumer Durables 0.23 Garware Wall Ropes Ltd. Textile Products 0.23 Time Technoplast Ltd. Industrial Products 0.22 Greenply Industries Ltd. Consumer Durables 0.22 Sarla Performance Fibers Ltd. Textiles - Synthetic 0.20 Titagarh Wagons Ltd. Industrial Capital Goods 0.19 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.19 Mold-Tek Packaging Ltd. Industrial Products 0.15 Gabriel India Ltd. Auto Ancillaries 0.15 Corporation Bank Banks 0.12 Yes Bank Ltd. Sub Total Cash margin 0.35 Cash, Cash Equivalents and Net Current Assets Top Ten Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Industrial Products Software Banks 6.93 Pharmaceuticals 5.44 Media & Entertainment 5.40 Industrial Capital Goods 4.69 Hotels, Resorts & Other Recreational Activities 4.49 Construction Project 4.05 Auto Ancillaries 3.94 Pesticides 3.79 Chemicals 3.61 Fertilisers 3.38 Consumer Non Durables 2.85 Transportation 2.84 Textiles - Cotton 2.09 Ferrous Metals 1.82 Power 1.18 Auto 1.14 Consumer Durables 1.14 Construction 1.04 Finance 0.51 Cement 0.37 Textile Products 0.23 Textiles - Synthetic Intouch mutually October

10 HDFC Growth Opportunities Fund (An open ended equity scheme investing in both large cap and mid cap stocks) To generate long term capital appreciation/income from a portfolio, predominantly invested in equity and equity related instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Large & Mid Cap Fund l Fund Manager Vinay Kulkarni (since June 28, 14) Total Experience: Over 29 years February 18, 1994 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, 2018 Average for Month of October, , , Turnover Ratio (Last 1 year) 71.45% Risk Ratio Standard Deviation 4.430% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.41% Direct: 2.29% l #BENCHMARK INDEX: NIFTY Large Midcap 250 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 57.17% Mid Cap 36.02% Small Cap 5.63% Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation/income investment predominantly in Large Cap and Mid Cap companies Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related NTPC Ltd. Power 8.58 State Bank of India Banks 8.15 Infosys Ltd. Software 8.06 ICICI Bank Ltd. Banks 7.00 ITC Ltd. Consumer Non Durables 5.57 GAIL (India) Ltd. Gas 4.15 Reliance Industries Ltd. Petroleum Products 3.25 HDFC Bank Ltd. Banks 2.93 Bharat Petroleum Corporation Ltd. Petroleum Products 2.48 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 2.40 Tata Chemicals Ltd. Chemicals 1.94 Tata Motors Ltd. DVR Auto 1.88 NHPC Ltd. Power 1.87 Blue Dart Express Ltd. Transportation 1.86 Vedanta Ltd. Non - Ferrous Metals 1.82 Tata Global Beverages Ltd. Consumer Non Durables 1.81 Max Financial Services Ltd. Finance 1.74 Apollo Tyres Ltd. Auto Ancillaries 1.63 Prestige Estates Projects Ltd. Construction 1.63 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 1.60 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 1.58 Oil India Ltd. Oil 1.55 Exide Industries Ltd. Auto Ancillaries 1.54 Divi's Laboratories Ltd. Pharmaceuticals 1.54 Castrol India Ltd. Petroleum Products 1.46 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1.37 Info Edge (India) Ltd. Software 1.31 Hindustan Petroleum Corporation Ltd. Petroleum Products 1.26 Trent Ltd. Retailing 1.25 Indraprastha Gas Ltd. Gas 1.11 Engineers India Ltd. Construction Project 1.10 Gujarat State Petronet Ltd. Gas 1.05 Kajaria Ceramics Ltd. Construction 1.02 Reliance Power Ltd. Power 1.01 Solar Industries India Ltd. Chemicals 0.96 V-Guard Industries Ltd. Industrial Capital Goods 0.87 Canara Bank Banks 0.83 CESC Ltd. Power 0.81 Mahanagar Gas Ltd. Gas 0.78 Power Grid Corporation of India Ltd. Power 0.77 Company Industry + % to NAV NLC India Ltd. Power 0.73 Reliance Nippon Life Asset Management Ltd. Finance 0.73 NBCC (India) Ltd. Construction 0.59 Dilip Buildcon Ltd. Construction 0.57 Indian Bank Banks 0.49 Shriram Transport Finance Company Ltd. Finance 0.48 The Federal Bank Ltd. Banks 0.48 Tata Steel Ltd. Ferrous Metals 0.46 RBL Bank Ltd. Banks 0.22 Larsen & Toubro Ltd. Construction Project 0.16 Yes Bank Ltd. Banks 0.16 TV18 Broadcast Ltd. Media & Entertainment 0.09 RP-SG Business Process Services Software 0.07 RP-SG Retail Ltd Retailing 0.07 Sub Total Cash, Cash Equivalents and Net Current Assets 1.18 Top Ten Holdings Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) $$ 2, , (Annualised) $$ (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option $$ (`) $$ 10 October 2018 Intouch mutually Oct 31, 17 Last 1 Year ,553 9,561 10,491 Oct 30, 15 Last 3 Years ,336 13,900 13,436 Oct 31, 13 Last 5 Years ,599 22,378 17,430 Feb 18, 94 Since Inception N.A ,215 N.A. 126,813 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The, formerly a large cap fund, has undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a Large and Mid-cap Fund. Accordingly, the s benchmark has also changed. Hence, the past performance of the may not strictly be comparable with that of the new benchmark. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV. For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from Feb 18, 94 to Aug 18, 96 and TRI values since Aug 19, 96. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Industry Allocation of Equity Holding (% of Net Assets) Banks Power Software 9.44 Consumer Non Durables 8.96 Petroleum Products 8.45 Gas 7.09 Pharmaceuticals 4.51 Construction 3.81 Auto Ancillaries 3.17 Finance 2.95 Chemicals 2.90 Hotels, Resorts & Other Recreational Activities 2.40 Auto 1.88 Transportation 1.86 Non - Ferrous Metals 1.82 Oil 1.55 Retailing 1.32 Construction Project 1.26 Industrial Capital Goods 0.87 Ferrous Metals 0.46 Media & Entertainment

11 HDFC Focused 30 Fund An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category (i.e. Multi-Cap) To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Focused Fund l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 29 years September 17, 2004 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) 39.83% Risk Ratio Standard Deviation 5.221% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.65% Direct: 1.68% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE Sensex (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investments in equity & equity related instruments of up to 30 companies Investors understand that their principal will be at moderately high risk Company Industry + / Rating % to NAV Equity & Equity Related Infosys Ltd. Software 8.29 NTPC Ltd. Power 7.64 ICICI Bank Ltd. Banks 7.51 State Bank of India Banks 7.30 HDFC Bank Ltd. Banks 6.83 ITC Ltd. Consumer Non Durables 5.83 Tata Steel Ltd. Ferrous Metals 5.56 Vedanta Ltd. Non - Ferrous Metals 4.58 NHPC Ltd. Power 4.00 GAIL (India) Ltd. Gas 3.34 Hindustan Petroleum Corporation Ltd. Petroleum Products 3.00 KEC International Ltd. Construction Project 2.86 Elecon Engineering Co. Ltd. Industrial Capital Goods 2.84 Bharat Electronics Ltd. Industrial Capital Goods 2.78 Bharat Petroleum Corporation Ltd. Petroleum Products 2.73 Titagarh Wagons Ltd. Industrial Capital Goods 2.64 Wipro Ltd. Software 2.59 Gujarat Pipavav Port Ltd. Transportation 2.50 Kalpataru Power Transmission Ltd. Power 2.32 CESC Ltd. Power 2.17 Cipla Ltd. Pharmaceuticals 2.12 PNC Infratech Ltd. Construction 2.11 Axis Bank Ltd. Banks 1.95 Tata Motors Ltd. DVR Auto 1.75 Transport Corporation of India Ltd. Transportation 1.31 Tata Motors Ltd. Auto 0.80 Company Industry + / Rating % to NAV RP-SG Business Process Services Software 0.20 RP-SG Retail Ltd Retailing 0.18 Sub Total Debt & Debt Related Credit Exposure Au Small Finance Bank Ltd. FITCH - AA Sub Total 0.89 Cash, Cash Equivalents and Net Current Assets 1.38 Top Ten Holdings Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 4, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option Retailing 0.18 (`) Oct 31, 17 Last 1 Year ,962 9,683 10,491 Oct 30, 15 Last 3 Years ,247 13,459 13,436 Oct 31, 13 Last 5 Years ,075 19,297 17,430 Sep 17, 04 Since Inception ,666 71,770 75,635 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Industry Allocation of Equity Holding (% of Net Assets) Intouch mutually October Banks Power Software Industrial Capital Goods Consumer Non Durables Petroleum Products Ferrous Metals Non - Ferrous Metals Transportation Gas Construction Project Auto Pharmaceuticals Construction

12 HDFC Infrastructure Fund (An open-ended equity scheme following infrastructure theme) To seek long-term capital appreciation/income by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Thematic Fund l Fund Manager Srinivas Rao Ravuri (since March 20, 17) Total Experience: Over 23 years (The scheme was co-managed by Srinivas Rao Ravuri with Prashant Jain from inception till March 19, 17) March 10, 2008 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) 19.06% Risk Ratio Standard Deviation 7.106% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.40% Direct: 1.60% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure Investors understand that their principal will be at high risk Company Industry + % to NAV Equity & Equity Related ICICI Bank Ltd. Banks 9.73 Larsen & Toubro Ltd. Construction Project 9.57 State Bank of India Banks 9.30 JMC Projects (India) Ltd. Construction 4.89 CESC Ltd. Power 4.78 NTPC Ltd. Power 4.48 Bank of Baroda Banks 3.63 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 3.39 Bharat Petroleum Corporation Ltd. Petroleum Products 2.96 Canara Bank Banks 2.50 Centum Electronics Ltd. Industrial Capital Goods 2.42 Gujarat Pipavav Port Ltd. Transportation 2.28 Dynamatic Technologies Ltd. Auto Ancillaries 2.12 Astra Microwave Products Ltd. Telecom - Equipment And Accessories 2.07 Vedanta Ltd. Non - Ferrous Metals 2.01 Premier Explosives Ltd. Chemicals 1.95 Tata Steel Ltd. Ferrous Metals 1.93 Hindustan Construction Company Ltd. Construction Project 1.88 Dilip Buildcon Ltd. Construction 1.78 Siemens Ltd. Industrial Capital Goods 1.76 Power Finance Corporation Ltd. Finance 1.74 Coal India Ltd. Minerals/Mining 1.70 J.Kumar Infraprojects Ltd. Construction 1.66 Ashoka Buildcon Ltd. Construction Project 1.64 Simplex Infrastructures Ltd. Construction 1.59 B L Kashyap & Sons Ltd. Construction 1.47 BEML Ltd. Industrial Capital Goods 1.43 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 1.26 RITES Ltd. Construction Project 1.10 Punjab National Bank Banks 1.07 Ircon International Ltd. Construction Project 1.02 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 1.01 Ambuja Cements Ltd. Cement 0.98 PNC Infratech Ltd. Construction 0.87 MEP Infrastructure Developers Ltd. Transportation 0.79 Performance^ - Regular Plan - Growth Option Since Inception 5 year 10 year 3 year 1 year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 1, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,047 9,683 10,191 Oct 30, 15 Last 3 Years ,732 13,459 13,396 Oct 31, 13 Last 5 Years ,579 19,297 17,546 Mar 10, 08 Since Inception ,206 25,292 24,610 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV Corporation Bank Banks 0.54 RP-SG Business Process Services Software 0.43 RP-SG Retail Ltd Retailing 0.40 Transformers And Rectifiers (India) Ltd. Industrial Capital Goods 0.38 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.32 Rural Electrification Corporation Ltd. Finance 0.29 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.25 Oriental Bank of Commerce Banks 0.24 Gammon Infrastructure Projects Ltd. Construction Project 0.09 Easun Reyrolle Ltd. Industrial Capital Goods 0.03 Grasim Industries Ltd. Sub Total Cash margin 0.05 Cash, Cash Equivalents and Net Current Assets 2.22 Top Ten Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Banks Construction Project Construction Industrial Capital Goods Power 9.26 Transportation 3.07 Petroleum Products 2.96 Auto Ancillaries 2.12 Telecom - Equipment And Accessories 2.07 Finance 2.03 Non - Ferrous Metals 2.01 Chemicals 1.95 Ferrous Metals 1.93 Minerals/Mining 1.70 Cement 0.98 Software 0.43 Retailing October 2018 Intouch mutually

13 HDFC Balanced Advantage Fund (An open ended Balanced Advantage Fund) investment objective To provide long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Balanced Advantage Fund Fund Manager Prashant Jain (since June 20, 03) Total Experience: Over 27 years Inception Date February 01, 1994 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio 20.71% Average Maturity * 3.07 years Macaulay Duration * 2.69 years Modified Duration * 2.44 years Yield to Maturity * 9.54% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 2.27% Direct: 1.07% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Exit Load In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). Date of migration of erstwhile HDFC Prudence Fund from Zurich India Mutual Fund (Close of business hours - June 19, 03). Company Industry + / Rating % to NAV Equity & Equity Related ICICI Bank Ltd. Banks 9.22 Infosys Ltd. Software 8.51 State Bank of India Banks 8.26 Larsen & Toubro Ltd. Construction Project 6.81 NTPC Ltd. Power 3.88 Power Grid Corporation of India Ltd. Power 3.52 Reliance Industries Ltd. Petroleum Products 3.00 GAIL (India) Ltd. Gas 2.83 Coal India Ltd. Minerals/Mining 2.80 ITC Ltd. Consumer Non Durables 2.34 Tata Steel Ltd. Ferrous Metals 2.16 Aurobindo Pharma Ltd. Pharmaceuticals 1.83 Power Finance Corporation Ltd. Finance 1.78 Axis Bank Ltd. Banks 1.75 HDFC Bank Ltd. Banks 1.51 Bharat Petroleum Corporation Ltd. Petroleum Products 1.41 Hindustan Petroleum Corporation Ltd. Petroleum Products 1.21 Cipla Ltd. Pharmaceuticals 1.20 Tata Chemicals Ltd. Chemicals 1.19 Vedanta Ltd. Non - Ferrous Metals 1.13 Punjab National Bank Banks 0.96 Bank of Baroda Banks 0.86 Solar Industries India Ltd. Chemicals 0.86 Just Dial Ltd. Software 0.82 Rural Electrification Corporation Ltd. Finance 0.80 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.76 Canara Bank Banks 0.70 Tata Consultancy Services Ltd. Software 0.69 Gujarat Pipavav Port Ltd. Transportation 0.60 Apollo Tyres Ltd. Auto Ancillaries 0.51 NHPC Ltd. Power 0.50 Avenue Supermarts Ltd. Retailing 0.48 ABB India Ltd. Industrial Capital Goods 0.47 Siemens Ltd. Industrial Capital Goods 0.45 CESC Ltd. Power 0.41 Container Corporation of India Ltd. Transportation 0.37 Ashoka Buildcon Ltd. Construction Project 0.37 Savita Oil Technologies Ltd. Petroleum Products 0.36 Apar Industries Ltd. Industrial Capital Goods 0.34 Time Technoplast Ltd. Industrial Products 0.29 Company Industry + / Rating % to NAV Mishra Dhatu Nigam Ltd. Ferrous Metals 0.28 Steel Authority of India Ltd. Ferrous Metals 0.27 Orient Cement Ltd. Cement 0.24 Union Bank of India Banks 0.23 Matrimony.com Ltd. Services 0.23 Cochin Shipyard Ltd. Industrial Capital Goods 0.22 BEML Ltd. Industrial Capital Goods 0.20 Vijaya Bank Banks 0.18 RITES Ltd. Construction Project 0.18 Reliance Nippon Life Asset Management Ltd. Finance 0.15 Corporation Bank Banks 0.14 Future Supply Chain Solutions Ltd. Transportation 0.14 Dynamatic Technologies Ltd. Auto Ancillaries 0.14 Oriental Bank of Commerce Banks 0.13 Gujarat Industries Power Co. Ltd. Power 0.13 JMC Projects (India) Ltd. Construction 0.13 S Chand and Company Ltd. Media & Entertainment 0.13 Kirloskar Pneumatic Ltd. Industrial Products 0.13 Titagarh Wagons Ltd. Industrial Capital Goods 0.11 Garden Reach Shipbuilders & Engineers Limited Aerospace And Defence 0.10 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.10 Sagar Cements Ltd. Cement 0.10 MEP Infrastructure Developers Ltd. Transportation 0.09 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.09 Ramco Systems Ltd. Software 0.07 J.Kumar Infraprojects Ltd. Construction 0.07 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.06 Syndicate Bank Banks 0.06 Centum Electronics Ltd. Industrial Capital Goods 0.05 Hindustan Construction Company Ltd. Construction Project 0.04 RP-SG Business Process Services Software 0.04 RP-SG Retail Ltd Retailing 0.03 Allahabad Bank Banks 0.02 Jaiprakash Power Ventures Ltd. Power 0.01 Sub Total Debt & Debt Related Credit Exposure State Bank of India CRISIL - AA Tata Sons Ltd. CRISIL - AAA 3.53 HDFC Bank Ltd. CRISIL - AA Canara Bank CRISIL - AA 1.73 Note: Effective close of business hours of June 1, 2018, HDFC Prudence Fund merged with HDFC Growth Fund (HDFC Balanced Advantage Fund after changes in fundamental attributes). As the portfolio characteristics and the broad investment strategy of HDFC Balanced Advantage Fund is similar to that of erstwhile HDFC Prudence Fund, the track record (i.e. since inception date, dividend history, etc.) and past performance of erstwhile HDFC Prudence Fund has been considered, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified....contd on next page Intouch mutually October

14 HDFC Balanced Advantage Fund (An open ended Balanced Advantage Fund)...Contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Banks Software Power 8.45 Construction Project 7.40 Petroleum Products 5.98 Pharmaceuticals 3.03 Gas 2.83 Minerals/Mining 2.80 Finance 2.73 Ferrous Metals 2.71 Consumer Non Durables 2.34 Industrial Capital Goods 2.09 Chemicals 2.05 Transportation 1.20 Non - Ferrous Metals 1.13 Fertilisers 0.76 Auto Ancillaries 0.65 Retailing 0.51 Industrial Products 0.42 Cement 0.34 Services 0.23 Construction 0.20 Media & Entertainment 0.13 Aerospace And Defence Company Industry + / Rating % to NAV ICICI Bank Ltd. CARE - AA+ / ICRA - AA Punjab National Bank CARE - A Union Bank of India CARE - AA- / FITCH - AA Axis Bank Ltd. CRISIL - AA Syndicate Bank CARE - AA Andhra Bank CARE - A Sub Total Company Industry + / Rating % to NAV Mutual fund Units HDFC Sensex Exchange Traded Fund 0.03 Sub Total 0.03 Cash, Cash Equivalents and Net Current Assets 0.93 Top Ten Holdings Classification by Asset Class Equity Credit Exposure Mutual Fund Units 0.03 Net Current Assets 0.93 Classification by Rating Class Equity AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent 3.53 AA AA/aa A+ & Below 1.18 Mutual Fund Units 0.03 Net Current Assets 0.93 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) $$ 54, , , (Annualised) $$ (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. to generate long-term capital appreciation / income investments in a mix of equity and debt instruments Investors understand that their principal will be at moderately high risk Performance^ - Regular Plan - Growth Option $$ (`) $$ Oct 31, 17 Last 1 Year ,616 10,210 10,191 Oct 30, 15 Last 3 Years ,262 12,985 13,396 Oct 31, 13 Last 5 Years ,510 16,691 17,546 Feb 01, 94 Since Inception N.A ,526 N.A. 110,506 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Prashant Jain, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Feb 01, 94 to Jun 29, 99 and TRI values since Jun 30, 99. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 14 October 2018 Intouch mutually

15 HDFC Hybrid Equity Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments) The investment objective of the is to generate capital appreciation / income from a portfolio, predominantly of equity & equity related instruments. The will also invest in debt and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Aggressive Hybrid Fund l Fund Manager Chirag Setalvad (since April 2, 07) Total Experience: Over 21 years l Inception Date September 11, 2000 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) 9.68% Average Maturity * 3.51 years Macaulay Duration * 2.80 years Modified Duration * 2.62 years Yield to Maturity * 8.46% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 2.06% Direct: 1.01% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase/switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 47.90% Mid Cap 7.18% Small Cap 12.47% Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 6.69 Infosys Ltd. Software 4.57 ICICI Bank Ltd. Banks 3.93 Housing Development Finance Corporation Ltd. Finance 3.84 ITC Ltd. Consumer Non Durables 3.32 Larsen & Toubro Ltd. Construction Project 3.08 Aurobindo Pharma Ltd. Pharmaceuticals 2.52 Axis Bank Ltd. Banks 2.06 Reliance Industries Ltd. Petroleum Products 1.97 State Bank of India Banks 1.82 Voltas Ltd. Construction Project 1.51 Aarti Industries Ltd. Chemicals 1.39 SKF India Ltd. Industrial Products 1.37 Indusind Bank Ltd. Banks 1.36 Power Grid Corporation of India Ltd. Power 1.35 Tata Steel Ltd. Ferrous Metals 1.31 UPL Ltd. Pesticides 1.18 Balkrishna Industries Ltd. Auto Ancillaries 1.13 Bharat Electronics Ltd. Industrial Capital Goods 1.12 Petronet LNG Ltd. Gas 1.10 KEC International Ltd. Construction Project 1.07 Vedanta Ltd. Non - Ferrous Metals 1.04 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.97 The Federal Bank Ltd. Banks 0.95 Bank of Baroda Banks 0.94 Atul Ltd. Chemicals 0.92 TI Financial Holdings Ltd. Finance 0.90 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.83 Hero MotoCorp Ltd. Auto 0.76 Bharti Airtel Ltd. Telecom - Services 0.69 NIIT Technologies Ltd. Software 0.63 Yes Bank Ltd. Banks 0.62 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.58 Tata Consultancy Services Ltd. Software 0.57 Tube Investments of India Ltd. Auto Ancillaries 0.57 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.55 Hexaware Technologies Ltd. Software 0.51 Sadbhav Engineering Ltd. Construction Project 0.51 Edelweiss Financial Services Ltd. Finance 0.51 PNC Infratech Ltd. Construction 0.47 Tamil Nadu Newsprint & Papers Ltd. Paper 0.46 Zensar Technologies Ltd. Software 0.42 Bharat Petroleum Corporation Ltd. Petroleum Products 0.41 Company Industry + / Rating % to NAV VST Industries Ltd. Consumer Non Durables 0.41 Vardhman Textiles Ltd. Textiles - Cotton 0.40 Allahabad Bank Banks 0.36 Sharda Cropchem Ltd. Pesticides 0.35 Redington (India) Ltd. Transportation 0.32 Carborundum Universal Ltd. Industrial Products 0.31 Tata Motors Ltd. DVR Auto 0.31 Oil & Natural Gas Corporation Ltd. Oil 0.30 IPCA Laboratories Ltd. Pharmaceuticals 0.30 ICICI Securities Ltd. Finance 0.27 Jagran Prakashan Ltd. Media & Entertainment 0.26 Kalpataru Power Transmission Ltd. Power 0.23 Rallis India Ltd. Pesticides 0.17 MM Forgings Ltd. Industrial Products 0.16 Navneet Education Ltd. Media & Entertainment 0.16 Kaveri Seed Company Ltd. Consumer Non Durables 0.16 Persistent Systems Ltd. Software 0.12 Greenply Industries Ltd. Consumer Durables 0.12 IFB Industries Ltd. Consumer Durables 0.11 Atul Auto Ltd. Auto 0.09 Lupin Ltd. Pharmaceuticals 0.08 J.Kumar Infraprojects Ltd. Construction 0.05 Insecticides (India) Ltd. Pesticides 0.03 Sub Total Debt & Debt Related Government Securities 7.16 GOI 2023 Sovereign GOI 2022 Sovereign GOI 2025 Sovereign GOI 2024 Sovereign GOI 2022 Sovereign GOI 2033 Sovereign GOI 2025 Sovereign GOI 2022 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2024 Sovereign GOI 2028 Sovereign GOI 2022 Sovereign GOI 2045 Sovereign GOI 2044 Sovereign GOI 2020 Sovereign GOI 2020 Sovereign GOI 2020 Sovereign GOI 2040 Sovereign GOI 2022 Sovereign 0.01 Sub Total 8.47 Note: Effective close of business hours of June 1, 2018, HDFC Balanced Fund merged with HDFC Premier Multi Cap Fund (HDFC Hybrid Equity Fund after changes in fundamental attributes). As the portfolio characteristics and the broad investment strategy of HDFC Hybrid Equity Fund is similar to that of erstwhile HDFC Balanced Fund, the track record (i.e. since inception date dividend history, etc) and past performance of erstwhile HDFC Balanced Fund has been considered, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

16 HDFC Hybrid Equity Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments)...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Banks Software 6.82 Construction Project 6.17 Finance 5.52 Consumer Non Durables 3.89 Pharmaceuticals 3.45 Petroleum Products 3.35 Chemicals 2.31 Industrial Products 1.84 Pesticides 1.73 Auto Ancillaries 1.70 Power 1.58 Hotels, Resorts & Other Recreational Activities 1.41 Ferrous Metals 1.31 Auto 1.16 Industrial Capital Goods 1.12 Gas 1.10 Non - Ferrous Metals 1.04 Telecom - Service 0.69 Construction 0.52 Paper 0.46 Media & Entertainment 0.42 Textiles - Cotton 0.40 Transportation 0.32 Oil 0.30 Consumer Durables Company Industry + / Rating % to NAV Credit Exposure Tata Sons Ltd. CRISIL - AAA 4.47 National Bank for Agriculture & Rural Development CRISIL - AAA 2.20 Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 2.12 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.90 Axis Bank Ltd. CRISIL - AA Small Industries Development Bank of India CARE - AAA 1.41 Housing Development Finance Corporation Ltd. CRISIL - AAA 1.31 L&T Finance Ltd. CARE - AAA 1.20 Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA / FITCH - AAA 0.72 Shriram Transport Finance Company Ltd. CRISIL - AA National Highways Authority of India CRISIL - AAA 0.57 Punjab National Bank CARE - A Cholamandalam Investment and Finance Company Ltd. ICRA - AA Company Industry + / Rating % to NAV State Bank of India CRISIL - AA HDFC Bank Ltd. CRISIL - AAA 0.22 Syndicate Bank CARE - AA Oriental Bank of Commerce ICRA - A ICICI Bank Ltd. CARE - AAA 0.11 Andhra Bank CARE - A Hindalco Industries Ltd. CRISIL - AA 0.05 Sub Total Mutual fund Units HDFC NIFTY 50 Exchange Traded Fund 0.65 Sub Total 0.65 Cash, Cash Equivalents and Net Current Assets 3.39 Top Ten Holdings, Co-sponsor to generate long-term capital appreciation / income. investments predominantly in equity & equity related instruments. The will also invest in debt and money market instruments. Investors understand that their principal will be at moderately high risk Classification by Asset Class Classification by Rating Class Equity G-Sec 8.47 Credit Exposure Mutual Fund Units 0.65 Cash, Cash Equivalents and Net Current Assets 3.39 Performance^ - Regular Plan - Growth Option Equity Sovereign 8.47 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 0.66 Mutual Fund Units 0.65 Net Current Assets 3.39 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) 11, , , (Annualised) (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,649 10,210 10,191 Oct 30, 15 Last 3 Years ,103 12,985 13,396 Oct 31, 13 Last 5 Years ,848 16,691 17,546 Sep 11, 00 Since Inception N.A ,787 N.A. 92,140 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. For performance of other schemes managed by Chirag Setalvad, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 16 October 2018 Intouch mutually

17 HDFC Multi-Asset Fund (An open ended scheme investing in Equity and Equity related instruments, Debt & Money Market Instruments and Gold) The objective of the is to generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Multi Asset Allocation Fund l Fund Manager Chirag Setalvad (Equities) (since April 2, 07) Total Experience - Over 21 years & Anil Bamboli (Debt) (since August 17, 05) Total Experience: Over 23 years Krishan Kumar Daga (Gold) (since May 23, 18) Total Experience: Over 22 years August 17, 2005 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, Average for Month of October, Turnover Ratio % Including Expenses and Goods and Service Tax Regular: 2.85% Direct: 2.20% l #BENCHMARK INDEX: 90% NIFTY 50 Hybrid Composite Debt 65:35 Index + 10% Domestic Price of Gold l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, 15% of the units ( the limit ) may be redeemed without any Exit Load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: t Exit Load of 1.00% is payable if units are redeemed / switched out within 12 months from the date of allotment. No Exit Load is payable if units are redeemed / switched out after 12 months from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). to generate long-term capital appreciation/income investments in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold Investors understand that their principal will be at moderately high risk Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 2, , (Annualised) (Annualised) # N.A. N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,794 10,283 10,191 Oct 30, 15 Last 3 Years ,864 12,919 13,396 Oct 31, 13 Last 5 Years ,262 16,089 17,546 Aug 17, 05 Since Inception 8.69 N.A ,060 N.A. 50,935 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The formerly, a debt oriented hybrid fund, has undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a multi asset fund investing in equities, debt and gold. Accordingly, the s benchmark has also changed. Hence, the performance of the from inception till May 22, 2018 may not strictly be comparable with those of the new benchmark and the additional benchmark. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in debt instruments and gold. For performance of other schemes managed by Chirag Setalvad (Equities), Anil Bamboli (Debt) and Krishan Kumar Daga (Gold), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63. Classification by Asset Class Equity Credit Exposure 8.26 Gold & Gold Related 9.49 Net Current Assets 6.75 Industry Allocation of Equity Holding (% of Net Assets) Banks Software Petroleum Products 6.27 Auto Ancillaries 5.07 Construction Project 4.35 Finance 3.47 Industrial Capital Goods 3.24 Consumer Non Durables 3.19 Chemicals 2.74 Industrial Products 2.46 Auto 2.42 Pharmaceuticals 1.96 Pesticides 1.80 Transportation 1.20 Power 0.90 Consumer Durables 0.86 Non - Ferrous Metals 0.71 Media & Entertainment 0.51 Paper 0.45 Oil 0.43 Ferrous Metals 0.42 Telecom - Services 0.38 Minerals/Mining 0.34 Gas Classification by Rating Class Equity AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent 8.26 Gold & Gold Related 9.49 Net Current Assets 6.75 Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

18 HDFC Multi-Asset Fund (An open ended scheme investing in Equity and Equity related instruments, Debt & Money Market Instruments and Gold)...Contd from previous page Company Industry + / Rating % to NAV (Hedged & Unhedged) % exposure of Derivative Equity & Equity Related HDFC Bank Ltd. Banks Infosys Ltd. Software Reliance Industries Ltd. Petroleum Products Housing Development Finance Corporation Ltd. Finance Ashok Leyland Ltd. Auto NIIT Technologies Ltd. Software Oriental Carbon & Chemicals Ltd. Chemicals State Bank of India Banks Larsen & Toubro Ltd. Construction Project ITC Ltd. Consumer Non Durables ICICI Bank Ltd. Banks Reliance Infrastructure Ltd. Power Shaily Engineering Plastics Ltd. Industrial Capital Goods Tata Consultancy Services Ltd. Software Sonata Software Ltd. Software KEC International Ltd. Construction Project Firstsource Solutions Ltd Software Sharda Cropchem Ltd. Pesticides Gabriel India Ltd. Auto Ancillaries Carborundum Universal Ltd. Industrial Products Balkrishna Industries Ltd. Auto Ancillaries Redington (India) Ltd. Transportation Sundram Fasteners Ltd. Auto Ancillaries Torrent Pharmaceuticals Ltd. Pharmaceuticals Bharat Petroleum Corporation Ltd. Petroleum Products Axis Bank Ltd. Banks Hindustan Petroleum Corporation Ltd. Petroleum Products Greenply Industries Ltd. Consumer Durables VST Industries Ltd. Consumer Non Durables Gujarat Fluorochemicals Ltd. Industrial Capital Goods Indusind Bank Ltd. Banks Hero MotoCorp Ltd. Auto Mahindra & Mahindra Ltd. Auto Savita Oil Technologies Ltd. Petroleum Products Vesuvius India Ltd. Industrial Products Tata Motors Ltd. DVR Auto Banco Products (I) Ltd. Auto Ancillaries Company Industry + / Rating % to NAV (Hedged & Unhedged) % exposure of Derivative Suprajit Engineering Ltd. Auto Ancillaries IPCA Laboratories Ltd. Pharmaceuticals HCL Technologies Ltd. Software Rural Electrification Corporation Ltd. Finance Apar Industries Ltd. Industrial Capital Goods Jagran Prakashan Ltd. Media And Entertainment Timken India Ltd. Industrial Products NTPC Ltd. Power Tamil Nadu Newsprint & Papers Ltd. Paper Oil & Natural Gas Corporation Ltd. Oil Tata Steel Ltd. Ferrous Metals Power Grid Corporation of India Ltd. Power Vedanta Ltd. Non - Ferrous Metals Bharti Airtel Ltd. Telecom - Services Coal India Ltd. Minerals/Mining Yes Bank Ltd. Banks Tata Motors Ltd. Auto GAIL (India) Ltd. Gas Union Bank of India Banks Hindalco Industries Ltd. Non - Ferrous Metals Cipla Ltd. Pharmaceuticals UPL Ltd. Pesticides Poddar Pigments Ltd. Chemicals Sub Total Credit Exposure Kotak Mahindra Prime Ltd. CRISIL - AAA 8.26 Sub Total 8.26 Gold Gold Bar 1 Kg (0.995 purity) 9.49 HDFC Gold Exchange Traded Fund 2.21 Sub Total Short Term Deposits as margin for Futures & Options 2.77 Cash, Cash Equivalents and Net Current Assets 1.77 Top Ten Holdings, Co-sponsor Outstanding exposure in derivative instruments (` in Crore) 7.28 Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) 5.03 Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 18 October 2018 Intouch mutually

19 HDFC NIFTY 50 ETF (An open ended scheme replicating / tracking NIFTY 50 Index) The investment objective of HDFC Nifty 50 ETF is to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking error. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Exchange Traded Fund l Fund Manager Krishan Kumar Daga (since December 09, 15) Total Experience: Over 22 years December 09, 2015 Growth Option 1, assets UNDER MANAGEMENT j (`) IN CRORE As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) 10.20% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.05% Including Expenses and Goods and Service Tax HDFC NIFTY 50 ETF 0.05% l #BENCHMARK INDEX: NIFTY 50 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) For Creation Unit Size: No Exit load will be levied on redemptions made by Authorised Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: N.A. The Units of HNETF in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the NSE and BSE during the trading hours on all trading days. Refer SID for further details. For further details, please refer to para Exit Load on Pg 51. HDFC NIFTY 50 ETF. Presently the does not offer any Plans / Options for investment l Minimum Application Amount (Under each Plan / Option) Authorised Participants / Large Investors: Application for subscription of HNETF Units in Creation Unit Size can be made either: (i) in exchange of the Deposit; or (ii) by depositing basket of securities comprising NIFTY 50 Index Each Creation Unit Size will consist of 4,000 Units of HNETF and 1 Unit of HNETF will be approximately equal to 1/10th of the value of NIFTY 50 Index. Other investors (including Authorised Participants and Large Investors): Units of HNETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed. Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.90 Reliance Industries Ltd. Petroleum Products 8.77 Housing Development Finance Corporation Ltd. Finance 6.95 Infosys Ltd. Software 6.30 ITC Ltd. Consumer Non Durables 5.79 ICICI Bank Ltd. Banks 5.51 Tata Consultancy Services Ltd. Software 5.01 Larsen & Toubro Ltd. Construction Project 3.87 Kotak Mahindra Bank Ltd. Banks 3.61 Hindustan Unilever Ltd. Consumer Non Durables 2.80 State Bank of India Banks 2.55 Axis Bank Ltd. Banks 2.49 Maruti Suzuki India Ltd. Auto 2.13 Indusind Bank Ltd. Banks 1.76 Mahindra & Mahindra Ltd. Auto 1.73 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.55 HCL Technologies Ltd. Software 1.42 Bajaj Finance Ltd. Finance 1.36 Asian Paints Ltd. Consumer Non Durables 1.34 NTPC Ltd. Power 1.21 Tech Mahindra Ltd. Software 1.13 Oil & Natural Gas Corporation Ltd. Oil 1.04 Power Grid Corporation of India Ltd. Power 1.03 Tata Steel Ltd. Ferrous Metals 1.01 Vedanta Ltd. Non - Ferrous Metals 0.95 Bharti Airtel Ltd. Telecom - Services 0.93 Wipro Ltd. Software 0.90 UltraTech Cement Ltd. Cement 0.88 Coal India Ltd. Minerals/Mining 0.88 Hero MotoCorp Ltd. Auto 0.86 JSW Steel Ltd. Ferrous Metals 0.85 Bajaj Auto Ltd. Auto 0.85 Titan Company Ltd. Consumer Durables 0.85 Yes Bank Ltd. Banks 0.84 GAIL (India) Ltd. Gas 0.82 Tata Motors Ltd. Auto 0.80 Grasim Industries Ltd. Cement 0.79 Company Industry + % to NAV Bajaj Finserv Ltd. Finance 0.79 Hindalco Industries Ltd. Non - Ferrous Metals 0.78 Cipla Ltd. Pharmaceuticals 0.77 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.75 Indian Oil Corporation Ltd. Petroleum Products 0.71 Eicher Motors Ltd. Auto 0.70 Indiabulls Housing Finance Ltd. Finance 0.67 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.61 Adani Ports and Special Economic Zone Ltd. Transportation 0.61 UPL Ltd. Pesticides 0.60 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.55 Bharat Petroleum Corporation Ltd. Petroleum Products 0.52 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.40 Sub Total Cash, Cash Equivalents and Net Current Assets 0.08 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Petroleum Products Consumer Non Durables 9.93 Finance 9.77 Auto 7.07 Construction Project 3.87 Pharmaceuticals 3.07 Power 2.24 Ferrous Metals 1.86 Non - Ferrous Metals 1.73 Cement 1.67 Oil 1.04 Telecom - Services 0.93 Minerals/Mining 0.88 Consumer Durables 0.85 Gas 0.82 Transportation 0.61 Media & Entertainment 0.61 Pesticides 0.60 Telecom - Equipment & Accessories 0.55 j Includes investments made by the schemes of HDFC Mutual Fund aggregating to Rs Crores returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term investment in equity securities covered by the NIFTY 50 Investors understand that their principal will be at moderately high risk Performance*^ Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. (`) Oct 31, 17 Last 1 Year ,189 10,191 10,491 Dec 09, 15 Since Inception ,133 14,191 14,301 are compounded annualized (CAGR). * The does not offer any Plans/Options. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Intouch mutually October

20 HDFC Index Fund - NIFTY 50 Plan (An open ended scheme replicating / tracking NIFTY 50 Index) The investment objective of the is to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Index Fund l Fund Manager Krishan Kumar Daga (since October 19, 15) Total Experience: Over 22 years July 17, 2002 Regular Plan - Growth Option Direct Plan - Growth Option As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) 42.40% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.11% Including Expenses and Goods and Service Tax Regular: 0.30% Direct: 0.10% l #BENCHMARK INDEX: NIFTY 50 (Total Index) l ##addl. BENCHMARK INDEX: S&P BSE SENSEX (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 days from the date of allotment. No Exit load is payable if units are redeemed / switched out after 3 days from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Each Plan offers Growth Option only. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term investment in equity securities covered by the NIFTY 50 Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 9.89 Reliance Industries Ltd. Petroleum Products 8.76 Housing Development Finance Corporation Ltd. Finance 6.94 Infosys Ltd. Software 6.29 ITC Ltd. Consumer Non Durables 5.79 ICICI Bank Ltd. Banks 5.51 Tata Consultancy Services Ltd. Software 5.01 Larsen & Toubro Ltd. Construction Project 3.86 Kotak Mahindra Bank Ltd. Banks 3.60 Hindustan Unilever Ltd. Consumer Non Durables 2.79 State Bank of India Banks 2.54 Axis Bank Ltd. Banks 2.49 Maruti Suzuki India Ltd. Auto 2.12 Indusind Bank Ltd. Banks 1.76 Mahindra & Mahindra Ltd. Auto 1.72 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.54 HCL Technologies Ltd. Software 1.42 Bajaj Finance Ltd. Finance 1.36 Asian Paints Ltd. Consumer Non Durables 1.34 NTPC Ltd. Power 1.21 Tech Mahindra Ltd. Software 1.13 Oil & Natural Gas Corporation Ltd. Oil 1.04 Power Grid Corporation of India Ltd. Power 1.03 Tata Steel Ltd. Ferrous Metals 1.01 Vedanta Ltd. Non - Ferrous Metals 0.95 Bharti Airtel Ltd. Telecom - Services 0.93 Wipro Ltd. Software 0.90 UltraTech Cement Ltd. Cement 0.88 Coal India Ltd. Minerals/Mining 0.88 Hero MotoCorp Ltd. Auto 0.87 JSW Steel Ltd. Ferrous Metals 0.85 Bajaj Auto Ltd. Auto 0.85 Titan Company Ltd. Consumer Durables 0.85 Yes Bank Ltd. Banks 0.84 GAIL (India) Ltd. Gas 0.81 Tata Motors Ltd. Auto 0.80 Grasim Industries Ltd. Cement 0.79 Bajaj Finserv Ltd. Finance 0.79 Hindalco Industries Ltd. Non - Ferrous Metals 0.78 Cipla Ltd. Pharmaceuticals 0.77 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value As on October 31, 2018 (` 000) 5, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,160 10,191 10,491 Oct 30, 15 Last 3 Years ,202 13,396 13,436 Oct 31, 13 Last 5 Years ,184 17,546 17,430 Jul 17, 02 Since Inception , , ,209 greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.74 Eicher Motors Ltd. Auto 0.72 Indian Oil Corporation Ltd. Petroleum Products 0.71 Indiabulls Housing Finance Ltd. Finance 0.67 Zee Entertainment Enterprises Ltd. Media & Entertainment 0.61 Adani Ports and Special Economic Zone Ltd. Transportation 0.61 UPL Ltd. Pesticides 0.60 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.55 Bharat Petroleum Corporation Ltd. Petroleum Products 0.52 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.40 Sub Total Cash, Cash Equivalents and Net Current Assets 0.18 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Petroleum Products Consumer Non Durables 9.92 Finance 9.76 Auto 7.08 Construction Project 3.86 Pharmaceuticals 3.05 Power 2.24 Ferrous Metals 1.86 Non - Ferrous Metals 1.73 Cement 1.67 Oil 1.04 Telecom - Services 0.93 Minerals/Mining 0.88 Consumer Durables 0.85 Gas 0.81 Transportation 0.61 Media & Entertainment 0.61 Pesticides 0.60 Telecom - Equipment & Accessories October 2018 Intouch mutually

21 HDFC SENSEX ETF (An open ended scheme replicating / tracking S&P BSE SENSEX Index) The investment objective of HDFC SENSEX ETF is to generate returns that are commensurate with the performance of the S&P BSE SENSEX Index, subject to tracking errors. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Exchange Traded Fund l Fund Manager Krishan Kumar Daga (since December 09, 15) Total Experience: Over 22 years December 09, 2015 Growth Option 3, assets UNDER MANAGEMENT j (`) IN CRORE As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) % l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.04% Including Expenses and Goods and Service Tax HDFC Sensex ETF 0.05% l #BENCHMARK INDEX: S&P BSE SENSEX (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) For Creation Unit Size: No Exit load will be levied on redemptions made by Authorised Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: N.A. The Units of HSXETF in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the NSE and BSE during the trading hours on all trading days. Refer SID for further details. For further details, please refer to para Exit Load on Pg 51. HDFC SENSEX ETF. Presently the does not offer any Plans / Options for investment l Minimum Application Amount (Under each Plan / Option) Authorised Participants / Large Investors: Application for subscription of HSXETF Units in Creation Unit Size can be made either: (i) in exchange of the Deposit; or (ii) by depositing basket of securities comprising S&P BSE SENSEX Index Each Creation Unit Size will consist of 1,000 Units of HSXETF and 1 Unit of HSXETF will be approximately equal to 1/10th of the value of S&P BSE SENSEX Index. Other investors (including Authorised Participants and Large Investors): Units of HSXETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units will be listed. Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks Reliance Industries Ltd. Petroleum Products 9.94 Housing Development Finance Corporation Ltd. Finance 8.61 Infosys Ltd. Software 7.56 ITC Ltd. Consumer Non Durables 6.91 ICICI Bank Ltd. Banks 6.60 Tata Consultancy Services Ltd. Software 6.02 Larsen & Toubro Ltd. Construction Project 4.59 Kotak Mahindra Bank Ltd. Banks 3.83 Hindustan Unilever Ltd. Consumer Non Durables 3.35 State Bank of India Banks 3.05 Axis Bank Ltd. Banks 2.98 Maruti Suzuki India Ltd. Auto 2.55 Indusind Bank Ltd. Banks 2.08 Mahindra & Mahindra Ltd. Auto 2.06 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.81 Asian Paints Ltd. Consumer Non Durables 1.60 NTPC Ltd. Power 1.45 Oil & Natural Gas Corporation Ltd. Oil 1.25 Power Grid Corporation of India Ltd. Power 1.24 Tata Steel Ltd. Ferrous Metals 1.23 Vedanta Ltd. Non - Ferrous Metals 1.14 Bharti Airtel Ltd. Telecom - Services 1.12 Wipro Ltd. Software 1.09 Coal India Ltd. Minerals/Mining 1.05 Company Industry + % to NAV Hero MotoCorp Ltd. Auto 1.04 Bajaj Auto Ltd. Auto 1.02 Yes Bank Ltd. Banks 1.00 Tata Motors Ltd. Auto 0.94 Adani Ports and Special Economic Zone Ltd. Transportation 0.73 Tata Motors Ltd. DVR Auto 0.14 Sub Total Cash, Cash Equivalents and Net Current Assets 0.12 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software Consumer Non Durables Petroleum Products 9.94 Finance 8.61 Auto 7.75 Construction Project 4.59 Power 2.69 Pharmaceuticals 1.81 Oil 1.25 Ferrous Metals 1.23 Non - Ferrous Metals 1.14 Telecom - Services 1.12 Minerals/Mining 1.05 Transportation 0.73 j Includes investments made by the schemes of HDFC Mutual Fund aggregating to Rs Crores returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term investment in equity securities covered by the S&P BSE SENSEX Investors understand that their principal will be at moderately high risk Performance*^ Face Value per Unit: ` 2,503.61, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. (`) Oct 31, 17 Last 1 Year ,484 10,491 10,191 Dec 09, 15 Since Inception ,306 14,301 14,191 are compounded annualized (CAGR). * The does not offer any Plans/Options. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Intouch mutually October

22 HDFC Index Fund - SENSEX Plan (An open-ended scheme replicating / tracking S&P BSE SENSEX Index) The investment objective of the is to generate returns that are commensurate with the performance of the S&P BSE SENSEX Index, subject to tracking errors. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Index Fund l Fund Manager Krishan Kumar Daga (since October 19, 15) Total Experience: Over 22 years July 17, 2002 Regular Plan - Growth Option Direct Plan - Growth Option As on October 31, Average for Month of October, Turnover Ratio (Last 1 year) 19.37% l tracking ERROR Annualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.09% Including Expenses and Goods and Service Tax Regular: 0.30% Direct: 0.15% l #BENCHMARK INDEX: S&P BSE Sensex (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 days from the date of allotment. No Exit load is payable if units are redeemed / switched out after 3 days from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Each Plan offers Growth Option only. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Company Industry + % to NAV Equity & Equity Related HDFC Bank Ltd. Banks Reliance Industries Ltd. Petroleum Products 9.93 Housing Development Finance Corporation Ltd. Finance 8.60 Infosys Ltd. Software 7.56 ITC Ltd. Consumer Non Durables 6.91 ICICI Bank Ltd. Banks 6.60 Tata Consultancy Services Ltd. Software 6.02 Larsen & Toubro Ltd. Construction Project 4.58 Kotak Mahindra Bank Ltd. Banks 3.82 Hindustan Unilever Ltd. Consumer Non Durables 3.35 State Bank of India Banks 3.05 Axis Bank Ltd. Banks 2.98 Maruti Suzuki India Ltd. Auto 2.54 Indusind Bank Ltd. Banks 2.08 Mahindra & Mahindra Ltd. Auto 2.06 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 1.81 Asian Paints Ltd. Consumer Non Durables 1.60 NTPC Ltd. Power 1.45 Oil & Natural Gas Corporation Ltd. Oil 1.25 Power Grid Corporation of India Ltd. Power 1.24 Tata Steel Ltd. Ferrous Metals 1.23 Vedanta Ltd. Non - Ferrous Metals 1.14 Bharti Airtel Ltd. Telecom - Services 1.12 Wipro Ltd. Software 1.09 Coal India Ltd. Minerals/Mining 1.05 Hero MotoCorp Ltd. Auto 1.04 Company Industry + % to NAV Bajaj Auto Ltd. Auto 1.02 Yes Bank Ltd. Banks 1.00 Tata Motors Ltd. Auto 0.94 Adani Ports and Special Economic Zone Ltd. Transportation 0.73 Tata Motors Ltd. DVR Auto 0.14 Sub Total Cash, Cash Equivalents and Net Current Assets 0.18 Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1, , , Mkt Value As on October 31, 2018 (` 000) 5, , , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Banks Software Consumer Non Durables Petroleum Products Finance Auto Construction Project Power Pharmaceuticals Oil Ferrous Metals Non - Ferrous Metals Telecom - Services Minerals/Mining Transportation returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term. investment in equity securities covered by the S&P BSE SENSEX. Investors understand that their principal will be at moderately high risk Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,444 10,491 10,191 Oct 30, 15 Last 3 Years ,302 13,436 13,396 Oct 31, 13 Last 5 Years ,024 17,430 17,546 Jul 17, 02 Since Inception , , ,965 greater than 1 year period are compounded annualized (CAGR). Since inception returns are calculated on ` (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Note: Effective close of business hours of May 25, 2018, HDFC Index Fund - SENSEX Plan (the ) underwent changes in Fundamental Attributes and HDFC Index Fund - SENSEX Plus Plan was merged therein. As the portfolio structuring of the is continued, its past performance is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Face Value per Unit: ` , + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 22 October 2018 Intouch mutually

23 HDFC TaxSaver (An Open-ended Equity Linked Savings with a statutory lock in of 3 years and tax benefit) To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Equity Linked Savings l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 29 years March 31, 1996 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) 46.27% Risk Ratio Standard Deviation 4.900% Beta Sharpe Ratio* Computed for the 3-yr period ended October 31, Based on month-end NAV. * Risk free rate: 6.60% (Source: FIMMDA MIBOR) Including Expenses and Goods and Service Tax Regular: 2.11% Direct: 1.46% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Nil Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout facility. l Minimum Application Amount Purchase : ` 500 and in multiples of ` 500 thereafter. Purchase : ` 500 and in multiples of ` 500 thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). l LOCK-IN PERIOD 3 years from the date of allotment of the respective Units Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). to generate long-term capital appreciation / income investment predominantly of equity & equity related instruments Investors understand that their principal will be at moderately high risk Company Industry + % to NAV Equity & Equity Related Infosys Ltd. Software 8.55 ICICI Bank Ltd. Banks 8.45 HDFC Bank Ltd. Banks 8.20 NTPC Ltd. Power 7.86 State Bank of India Banks 6.88 GAIL (India) Ltd. Gas 5.97 Reliance Industries Ltd. Petroleum Products 4.82 ITC Ltd. Consumer Non Durables 4.75 Larsen & Toubro Ltd. Construction Project 4.28 Vedanta Ltd. Non - Ferrous Metals 3.80 Cipla Ltd. Pharmaceuticals 3.28 Tata Steel Ltd. Ferrous Metals 3.25 NHPC Ltd. Power 2.25 Oracle Financial Services Software Ltd. Software 2.24 Axis Bank Ltd. Banks 2.16 Power Grid Corporation of India Ltd. Power 1.39 Bharat Petroleum Corporation Ltd. Petroleum Products 1.36 Bharat Electronics Ltd. Industrial Capital Goods 1.35 L&T Technology Services Ltd. Software 1.27 Tata Motors Ltd. DVR Auto 1.21 Aurobindo Pharma Ltd. Pharmaceuticals 1.11 Solar Industries India Ltd. Chemicals 1.10 Gujarat Pipavav Port Ltd. Transportation 1.09 ICICI Prudential Life Insurance Company Ltd. Finance 1.00 Sadbhav Engineering Ltd. Construction Project 0.88 Tata Motors Ltd. Auto 0.80 Kalpataru Power Transmission Ltd. Power 0.73 eclerx Services Ltd. Software 0.72 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.59 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 0.59 Max Financial Services Ltd. Finance 0.56 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.48 Persistent Systems Ltd. Software 0.40 Rallis India Ltd. Pesticides 0.36 ITD Cementation India Ltd. Construction 0.34 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.34 Sadbhav Infrastructure Project Ltd.(Corporate Guarantee of Sadbhav Engineering Ltd.) Construction Project 0.34 Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) $$ 62, , , (Annualised) $$ (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. Performance^ - Regular Plan - Growth Option $$ (`) $$ Oct 31, 17 Last 1 Year ,158 9,683 10,191 Oct 30, 15 Last 3 Years ,994 13,459 13,396 Oct 31, 13 Last 5 Years ,112 19,297 17,546 Mar 31, 96 Since Inception ,238, , ,942 greater than 1 year period are compounded annualized (CAGR). $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). For performance of other schemes managed by Vinay Kulkarni, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from Mar 29, 96 (Data for March 31, 96 is not available) to Jun 29, 99 and TRI values since Jun 30, 99. As Nifty 500 TRI data is not available for March 31, 96, benchmark performance is calculated from March 29, 96. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + % to NAV BEML Ltd. Industrial Capital Goods 0.30 HSIL Ltd. Consumer Durables 0.26 Dynamatic Technologies Ltd. Auto Ancillaries 0.21 Indostar Capital Finance Ltd. Finance 0.20 Hindustan Construction Company Ltd. Construction Project 0.18 ICICI Securities Ltd. Finance 0.14 Blue Dart Express Ltd. Transportation 0.12 MPS Ltd. Consumer Non Durables 0.07 KEC International Ltd. Construction Project 0.06 Siti Networks Ltd. Media & Entertainment 0.05 Ambuja Cements Ltd. Cement 0.02 Nestle India Ltd. Consumer Non Sub Total Cash, Cash Equivalents and Net Current Assets 3.64 Top Ten Less than 0.01% Industry Allocation of Equity Holding (% of Net Assets) Banks Software Power Petroleum Products 6.18 Gas 5.97 Construction Project 5.74 Pharmaceuticals 5.46 Consumer Non Durables 5.41 Non - Ferrous Metals 3.80 Ferrous Metals 3.25 Auto 2.01 Industrial Capital Goods 1.99 Finance 1.90 Transportation 1.21 Chemicals 1.10 Pesticides 0.36 Construction 0.34 Consumer Durables 0.26 Auto Ancillaries 0.21 Media & Entertainment 0.05 Cement 0.02 Intouch mutually October

24 HDFC Children s Gift Fund [An open ended fund for investment for children having a lock-in for at least 5 years or till the child attains age of majority (whichever is earlier)] Ω π To generate capital appreciation / income from a portfolio of equity & equity related instruments and debt and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Children s Fund l Fund Manager Chirag Setalvad (since April 2, 07) Total Experience - Over 21 years March 2, 2001 Regular Plan Direct Plan As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) 2.71% Average Maturity * 4.01 years Macaulay Duration * 2.58 years Modified Duration * 2.45 years Yield to Maturity * 7.59% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 2.26% Direct: 1.33% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Nil Regular Plan, Direct Plan. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Fresh investments by investors including / STP registrations, etc (effective May 23, 2018): Lock-in period will be compulsory. Lock-in period shall be earlier of 5 Years from the date of allotment; or Until the Unit holder (being the beneficiary child) attains the age of majority (i.e. completion of 18 years) ( ) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). (Ω) Eligibility (of Unit holder) : Children less than 18 years of age as on the date of investment by the Investor / Applicant are eligible as Unit holders in the. (π) Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of 80 years) of the Unit holder, equivalent to 10 times the cost value of the outstanding Units held by the Unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10 lakhs per Unit holder. The insurance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy. Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 5.79 Reliance Industries Ltd. Petroleum Products 4.29 ICICI Bank Ltd. Banks 3.07 Infosys Ltd. Software 2.71 Larsen & Toubro Ltd. Construction Project 2.31 Bajaj Finance Ltd. Finance 2.05 State Bank of India Banks 2.03 NIIT Technologies Ltd. Software 2.02 Britannia Industries Ltd. Consumer Non Durables 1.94 Housing Development Finance Corporation Ltd. Finance 1.83 Aurobindo Pharma Ltd. Pharmaceuticals 1.50 Motherson Sumi Systems Ltd. Auto Ancillaries 1.47 Bank of Baroda Banks 1.31 Finolex Industries Ltd. Industrial Products 1.23 Schaeffler India Ltd. Industrial Products 1.20 Voltas Ltd. Construction Project 1.16 UPL Ltd. Pesticides 1.16 AIA Engineering Ltd. Industrial Products 1.13 Cholamandalam Investment and Finance Company Ltd. Finance 1.09 SKF India Ltd. Industrial Products 1.04 Axis Bank Ltd. Banks 1.04 Maruti Suzuki India Ltd. Auto 0.91 Carborundum Universal Ltd. Industrial Products 0.91 Tata Steel Ltd. Ferrous Metals 0.87 Zensar Technologies Ltd. Software 0.86 TI Financial Holdings Ltd. Finance 0.85 Supreme Industries Ltd. Industrial Products 0.84 Vedanta Ltd. Non - Ferrous Metals 0.84 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.79 Hexaware Technologies Ltd. Software 0.78 Indian Bank Banks 0.76 Power Grid Corporation of India Ltd. Power 0.76 Mahindra Holidays & Resorts India Ltd. Bharti Infratel Ltd. Hotels, Resorts & Other Recreational Activities 0.73 Telecom - Equipment And Accessories 0.72 Company Industry + / Rating % to NAV Sonata Software Ltd. Software 0.71 VST Industries Ltd. Consumer Non Durables 0.70 EIH Ltd. Hotels, Resorts & Other Recreational Activities 0.70 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.68 Swaraj Engines Ltd. Industrial Products 0.67 Larsen & Toubro Infotech Ltd. Software 0.62 PNC Infratech Ltd. Construction 0.60 Vesuvius India Ltd. Industrial Products 0.57 Navneet Education Ltd. Media & Entertainment 0.55 Cipla Ltd. Pharmaceuticals 0.54 Tube Investments of India Ltd. Auto Ancillaries 0.51 V.S.T Tillers Tractors Ltd. Auto 0.51 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 0.50 Century Plyboards (India) Ltd. Consumer Durables 0.50 IPCA Laboratories Ltd. Pharmaceuticals 0.48 Mcleod Russel India Ltd. Consumer Non Durables 0.47 Blue Star Ltd. Consumer Durables 0.47 Nilkamal Ltd. Industrial Products 0.40 Apollo Tyres Ltd. Auto Ancillaries 0.40 Bharti Airtel Ltd. Telecom - Services 0.38 Hero MotoCorp Ltd. Auto 0.36 Bayer Cropscience Ltd. Pesticides 0.35 eclerx Services Ltd. Software 0.35 Rallis India Ltd. Pesticides 0.33 Jagran Prakashan Ltd. Media & Entertainment 0.32 Sadbhav Engineering Ltd. Construction Project 0.31 IFB Industries Ltd. Consumer Durables 0.24 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 0.18 Persistent Systems Ltd. Software 0.16 Bharat Heavy Electricals Ltd. Industrial Capital Goods 0.16 Allahabad Bank Banks 0.13 CRISIL Ltd. Finance 0.12 J.Kumar Infraprojects Ltd. Construction 0.07 Jyoti Structures Ltd. Power 0.01 Sub Total Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 24 October 2018 Intouch mutually

25 HDFC Children s Gift Fund [An open ended fund for investment for children having a lockin for at least 5 years or till the child attains age of majority (whichever is earlier)] Ω π...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Company Industry + / Rating % to NAV Company Industry + / Rating % to NAV Banks Debt & Debt Related 7.16 GOI 2023 Sovereign 0.21 Software 8.21 Government Securities 8.20 GOI 2022 Sovereign 0.11 Industrial Products GOI 2027 Sovereign GOI 2044 Sovereign 0.08 Finance GOI 2020 Sovereign 1.43 Sub Total Petroleum Products Pharmaceuticals Construction Project Consumer Non Durables Auto Ancillaries Hotels, Resorts & Other Recreational Activities Pesticides Auto Consumer Durables GOI 2040 Sovereign GOI 2032 Sovereign GOI 2023 Sovereign GOI 2033 Sovereign GOI 2022 Sovereign GOI 2020 Sovereign GOI 2022 Sovereign GOI 2042 Sovereign GOI 2028 Sovereign 0.22 Credit Exposure Axis Bank Ltd. CRISIL - AA Tata Sons Ltd. CRISIL - AAA 1.53 State Bank of India CRISIL - AA Power Finance Corporation Ltd. CRISIL - AAA 0.09 Sub Total 6.14 Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, Co-sponsor Ferrous Metals 0.87 Media & Entertainment 0.87 Non - Ferrous Metals 0.84 Power 0.77 Telecom - Equipment And Accessories 0.72 Construction 0.67 Telecom - Services 0.38 Industrial Capital Goods Classification by Asset Class Equity G-Sec Credit Exposure 6.14 Cash, Cash Equivalents and Net Current Assets Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 1.62 AA Cash, Cash Equivalents and Net Current Assets capital appreciation over long term. investment in equity and equity related instruments as well as debt and money market instruments. Investors understand that their principal will be at moderately high risk Performance^ - Regular Plan - Growth Option Since Inception 15 year 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 2, , , Mkt Value As on October 31, 2018 (` 000) $ 10, , , (Annualised) $ (Annualised) # N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available. Performance^ - Regular Plan - Growth Option $ (`) $ Oct 31, 17 Last 1 Year ,887 10,210 10,191 Oct 30, 15 Last 3 Years ,443 12,985 13,396 Oct 31, 13 Last 5 Years ,864 16,691 17,546 Mar 02, 01 Since Inception N.A ,251 N.A. 102,697 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. $ Adjusted for Bonus units declared under the. For performance of other schemes managed by Chirag Setalvad, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 57. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

26 HDFC Retirement Savings Fund - Equity Plan (A notified Tax Savings Cum Pension ) An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier) The investment objective of the is to provide longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Retirement Fund l Fund Manager Chirag Setalvad (Equities) (since February 25, 2016) Total Experience - Over 21 years & Shobhit Mehrotra (Debt) (since February 25, 2016) Total Experience: Over 25 years February 25, 2016 Regular Plan Direct Plan As on October 31, Average for Month of October, Turnover Ratio 0.86% Including Expenses and Goods and Service Tax Regular: 2.71% Direct: 1.21% l #BENCHMARK INDEX: NIFTY 500 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Upon completion of lock-in period: Nil Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Existing investments by investors including / STP registrations, etc (until June 1, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Fresh investments by investors including / STP registrations, etc (effective June 2, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units or Retirement Age of Unit holder (i.e. completion of 60 years), whichever is earlier. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. investment predominantly in equity and equity related instruments. Investors understand that their principal will be at moderately high risk Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 8.08 Reliance Industries Ltd. Petroleum Products 5.04 Housing Development Finance Corporation Ltd. Finance 4.47 ICICI Bank Ltd. Banks 4.15 Larsen & Toubro Ltd. Construction Project 3.42 Infosys Ltd. Software 3.30 Carborundum Universal Ltd. Industrial Products 2.12 Aurobindo Pharma Ltd. Pharmaceuticals 1.92 KEC International Ltd. Construction Project 1.82 State Bank of India Banks 1.79 Aarti Industries Ltd. Chemicals 1.63 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 1.62 Chambal Fertilizers & Chemicals Ltd. Fertilisers 1.54 NIIT Technologies Ltd. Software 1.49 Finolex Industries Ltd. Industrial Products 1.43 Sharda Cropchem Ltd. Pesticides 1.37 Atul Ltd. Chemicals 1.36 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 1.33 Mcleod Russel India Ltd. Consumer Non Durables 1.32 Cholamandalam Investment and Finance Company Ltd. Finance 1.31 TV Today Network Ltd. Media & Entertainment 1.27 Power Grid Corporation of India Ltd. Power 1.27 UPL Ltd. Pesticides 1.26 Axis Bank Ltd. Banks 1.20 Hexaware Technologies Ltd. Software 1.16 Oriental Carbon & Chemicals Ltd. Chemicals 1.11 Indusind Bank Ltd. Banks 1.07 IFB Industries Ltd. Consumer Durables 1.06 Nilkamal Ltd. Industrial Products 1.04 Voltas Ltd. Construction Project 1.04 Vedanta Ltd. Non - Ferrous Metals 1.03 EIH Ltd. Hotels, Resorts & Other Recreational Activities 0.95 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.94 City Union Bank Ltd. Banks 0.92 Redington (India) Ltd. Transportation 0.88 GNA Axles Ltd. Auto Ancillaries 0.83 Tata Steel Ltd. Ferrous Metals 0.81 TI Financial Holdings Ltd. Finance 0.81 Yes Bank Ltd. Banks 0.81 SKF India Ltd. Industrial Products 0.80 Tamil Nadu Newsprint & Papers Ltd. Paper 0.68 Mahanagar Gas Ltd. Gas 0.67 Tata Metaliks Ltd. Ferrous Metals 0.67 Apar Industries Ltd. Industrial Capital Goods 0.63 Zensar Technologies Ltd. Software 0.58 Maruti Suzuki India Ltd. Auto 0.57 Blue Star Ltd. Consumer Durables 0.57 IPCA Laboratories Ltd. Pharmaceuticals 0.56 Performance^ - Regular Plan - Growth Option Company Industry + / Rating % to NAV KEI Industries Ltd. Industrial Products 0.53 Kalpataru Power Transmission Ltd. Power 0.51 Tube Investments of India Ltd. Auto Ancillaries 0.49 Bajaj Electricals Ltd. Consumer Durables 0.45 Bank of Baroda Banks 0.45 Divi's Laboratories Ltd. Pharmaceuticals 0.39 Jagran Prakashan Ltd. Media & Entertainment 0.35 Tata Motors Ltd. DVR Auto 0.33 Cipla Ltd. Pharmaceuticals 0.32 Timken India Ltd. Industrial Products 0.32 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.30 Kirloskar Oil Engines Ltd. Industrial Products 0.26 BEML Ltd. Industrial Capital Goods 0.25 Oil & Natural Gas Corporation Ltd. Oil 0.21 Greenply Industries Ltd. Consumer Durables 0.04 Sub Total Debt & Debt Related Government Securities 6.84 GOI 2022 Sovereign GOI 2026 Sovereign 2.76 Sub Total 7.30 Credit Exposure Syndicate Bank CARE - AA Union Bank of India CARE - AA Sub Total 1.17 Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Finance Software Industrial Products Construction Project Petroleum Products Chemicals Hotels, Resorts & Other Recreational Activities Pharmaceuticals Pesticides Consumer Durables Power Media & Entertainment Fertilisers Ferrous Metals Auto Ancillaries Consumer Non Durables Industrial Capital Goods Non - Ferrous Metals Auto Transportation Paper Gas Oil (`) Oct 31, 17 Last 1 Year ,510 9,683 10,191 Feb 25, 16 Since Inception ,754 15,601 15,489 greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 51. The is in existence for more than 1 year but less than 3 years. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 26 October 2018 Intouch mutually

27 HDFC Retirement Savings Fund - Hybrid Equity Plan (A notified Tax Savings Cum Pension ) An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier) The investment objective of the is to provide longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Retirement Fund l Fund Manager Chirag Setalvad (Equities) (since February 25, 2016) Total Experience - Over 21 years & Shobhit Mehrotra (Debt) (since February 25, 2016) Total Experience: Over 25 years February 25, 2016 Regular Plan Direct Plan As on October 31, Average for Month of October, Turnover Ratio 1.52% Including Expenses and Goods and Service Tax Regular: 2.88% Direct: 1.38% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 65:35 Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) Upon completion of lock-in period: Nil Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Existing investments by investors including / STP registrations, etc (until June 1, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Fresh investments by investors including / STP registrations, etc (effective June 2, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units or Retirement Age of Unit holder (i.e. completion of 60 years), whichever is earlier. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. investment predominantly in equity and equity related instruments & balance in debt and money market instruments. Investors understand that their principal will be at moderately high risk Company Industry + / Rating % to NAV Equity & Equity Related HDFC Bank Ltd. Banks 5.64 Reliance Industries Ltd. Petroleum Products 4.39 Housing Development Finance Corporation Ltd. Finance 4.09 ICICI Bank Ltd. Banks 3.32 Infosys Ltd. Software 3.15 Merck Ltd. Pharmaceuticals 2.82 NIIT Technologies Ltd. Software 2.29 Larsen & Toubro Ltd. Construction Project 2.25 Aarti Industries Ltd. Chemicals 1.88 Sundram Fasteners Ltd. Auto Ancillaries 1.75 Aurobindo Pharma Ltd. Pharmaceuticals 1.51 State Bank of India Banks 1.37 City Union Bank Ltd. Banks 1.32 Power Grid Corporation of India Ltd. Power 1.19 Oriental Carbon & Chemicals Ltd. Chemicals 1.16 UPL Ltd. Pesticides 1.16 Carborundum Universal Ltd. Industrial Products 1.16 Cholamandalam Investment and Finance Company Ltd. Finance 1.09 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 1.07 Shaily Engineering Plastics Ltd. Industrial Capital Goods 1.07 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 1.05 Axis Bank Ltd. Banks 1.03 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.96 Shree Pushkar Chemicals & Fertilisers Limited Chemicals 0.94 Mahindra Holidays & Resorts India Ltd. Hotels, Resorts & Other Recreational Activities 0.84 Blue Star Ltd. Consumer Durables 0.84 Tata Steel Ltd. Ferrous Metals 0.83 TI Financial Holdings Ltd. Finance 0.79 Mahanagar Gas Ltd. Gas 0.78 Voltas Ltd. Construction Project 0.76 KEC International Ltd. Construction Project 0.74 Sonata Software Ltd. Software 0.73 Vedanta Ltd. Non - Ferrous Metals 0.73 Bajaj Electricals Ltd. Consumer Durables 0.72 Nilkamal Ltd. Industrial Products 0.70 SKF India Ltd. Industrial Products 0.66 Maruti Suzuki India Ltd. Auto 0.65 MRF Ltd. Auto Ancillaries 0.63 Bharti Infratel Ltd. Telecom - Equipment And Accessories 0.58 Zensar Technologies Ltd. Software 0.58 Indusind Bank Ltd. Banks 0.56 Apar Industries Ltd. Industrial Capital Goods 0.54 Yes Bank Ltd. Banks 0.52 Kalpataru Power Transmission Ltd. Power 0.49 Tamil Nadu Newsprint & Papers Ltd. Paper 0.48 Tube Investments of India Ltd. Auto Ancillaries 0.48 Vesuvius India Ltd. Industrial Products 0.46 Bank of Baroda Banks 0.43 Redington (India) Ltd. Transportation 0.35 Classification by Asset Class Equity G-Sec 9.94 Credit Exposure Net Current Assets Performance^ - Regular Plan - Growth Option Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + / Rating % to NAV Divi's Laboratories Ltd. Pharmaceuticals 0.34 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.33 Jagran Prakashan Ltd. Media & Entertainment 0.30 Sadbhav Engineering Ltd. Construction Project 0.29 Kirloskar Oil Engines Ltd. Industrial Products 0.27 Cipla Ltd. Pharmaceuticals 0.26 Greenply Industries Ltd. Consumer Durables 0.26 Tata Motors Ltd. DVR Auto 0.24 BEML Ltd. Industrial Capital Goods 0.22 Sub Total Debt & Debt Related Government Securities 6.84 GOI 2022 Sovereign GOI 2020 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2020 Sovereign 0.05 Sub Total 9.94 Credit Exposure Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA 4.78 State Bank of India CRISIL - AA Syndicate Bank CARE - AA Reliance Jio Infocomm Ltd. CRISIL - AAA 1.22 Sub Total Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks Software 6.75 Finance 5.97 Pharmaceuticals 4.93 Petroleum Products 4.72 Construction Project 4.04 Chemicals 3.98 Industrial Products 3.25 Consumer Durables 2.87 Auto Ancillaries 2.86 Hotels, Resorts & Other Recreational Activities 1.91 Industrial Capital Goods 1.83 Power 1.68 Pesticides 1.16 Fertilisers 0.96 Auto 0.89 Ferrous Metals 0.83 Gas 0.78 Non - Ferrous Metals 0.73 Telecom - Equipment And Accessories 0.58 Paper 0.48 Transportation 0.35 Media & Entertainment Classification by Rating Class Equity Sovereign 9.94 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent 6.00 AA AA/aa Net Current Assets Intouch mutually October (`) Oct 31, 17 Last 1 Year ,898 10,210 10,191 Feb 25, 16 Since Inception ,475 14,258 15,489 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64.

28 HDFC Retirement Savings Fund - Hybrid Debt Plan (A notified Tax Savings Cum Pension ) An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier) The investment objective of the is to provide longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Retirement Fund l Fund Manager Chirag Setalvad (Equities) (since February 26, 2016) Total Experience - Over 21 years & Shobhit Mehrotra (Debt) (since February 26, 2016) Total Experience: Over 25 years February 26, 2016 Regular Plan Direct Plan As on October 31, 2018 Average for Month of October, Average Maturity * 3.30 years Macaulay Duration * 2.82 years Modified Duration * 2.64 years Yield to Maturity * 8.58% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 2.54% Direct: 1.18% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: CRISIL 10 Year Gilt Index Upon completion of lock-in period: Nil Regular Plan, Direct Plan. Under Each Plan offers Growth Option only. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). l LOCK-IN PERIOD Existing investments by investors including / STP registrations, etc (until June 1, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units under the. Fresh investments by investors including / STP registrations, etc (effective June 2, 2018): Units purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of Units or Retirement Age of Unit holder (i.e. completion of 60 years), whichever is earlier. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years. investment predominantly in debt and money market instruments & balance in equity and equity related instruments. Investors understand that their principal will be at moderately high risk Company Industry + / Rating % to NAV Equity & Equity Related ICICI Bank Ltd. Banks 1.18 HDFC Bank Ltd. Banks 1.16 Sundram Fasteners Ltd. Auto Ancillaries 1.04 NIIT Technologies Ltd. Software 0.81 Reliance Industries Ltd. Petroleum Products 0.76 Aarti Industries Ltd. Chemicals 0.75 Infosys Ltd. Software 0.70 Orient Refractories Ltd. Industrial Products 0.68 City Union Bank Ltd. Banks 0.66 Tata Steel Ltd. Ferrous Metals 0.64 Carborundum Universal Ltd. Industrial Products 0.58 Avanti Feeds Ltd. Consumer Non Durables 0.53 Mahanagar Gas Ltd. Gas 0.53 Time Technoplast Ltd. Industrial Products 0.50 Blue Star Ltd. Consumer Durables 0.50 Oriental Carbon & Chemicals Ltd. Chemicals 0.49 State Bank of India Banks 0.48 GNA Axles Ltd. Auto Ancillaries 0.47 Bajaj Electricals Ltd. Consumer Durables 0.43 Zensar Technologies Ltd. Software 0.42 SKF India Ltd. Industrial Products 0.41 Vesuvius India Ltd. Industrial Products 0.41 Larsen & Toubro Ltd. Construction Project 0.38 Nilkamal Ltd. Industrial Products 0.37 The Indian Hotels Company Ltd. Hotels, Resorts & Other Recreational Activities 0.36 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.30 Power Grid Corporation of India Ltd. Power 0.30 Apar Industries Ltd. Industrial Capital Goods 0.29 Axis Bank Ltd. Banks 0.29 Kalpataru Power Transmission Ltd. Power 0.29 Aurobindo Pharma Ltd. Pharmaceuticals 0.28 Classification by Asset Class Equity G-Sec Credit Exposure Net Current Assets Performance^ - Regular Plan - Growth Option Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. Company Industry + / Rating % to NAV Cipla Ltd. Pharmaceuticals 0.28 Timken India Ltd. Industrial Products 0.28 TI Financial Holdings Ltd. Finance 0.26 Mahindra Holidays & Resorts India Ltd. 28 October 2018 Intouch mutually (`) Hotels, Resorts & Other Recreational Activities 0.26 Bank of Baroda Banks 0.26 Tamil Nadu Newsprint & Papers Ltd. Paper 0.23 Poddar Pigments Ltd. Chemicals 0.20 Sadbhav Engineering Ltd. Construction Project 0.18 BEML Ltd. Industrial Capital Goods 0.18 Kirloskar Oil Engines Ltd. Industrial Products 0.17 Tube Investments of India Ltd. Auto Ancillaries 0.16 Tata Motors Ltd. DVR Auto 0.09 Sub Total Debt & Debt Related Government Securities 7.37 GOI 2023 Sovereign GOI 2023 Sovereign GOI 2020 Sovereign 8.80 Sub Total Credit Exposure Starlite Lighting Ltd. (Corporate Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) 8.37 State Bank of India CRISIL - AA Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA 4.32 Syndicate Bank CARE - AA Reliance Jio Infocomm Ltd. CRISIL - AAA 3.36 Union Bank of India CARE - AA Sub Total Cash, Cash Equivalents and Net Current Assets Top Ten Holdings Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent 7.68 AA AA/aa A+ & Below 8.37 Net Current Assets Oct 31, 17 Last 1 Year ,873 10,186 9,953 Feb 26, 16 Since Inception ,462 12,503 11,632 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 64.

29 HDFC Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) To provide capital appreciation by investing in Equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Equity Savings Fund l Fund Manager Vinay Kulkarni (Equities) (since November 21, 06) Total Experience: Over 29 years Krishan Kumar Daga (Equities) (since January 08, 16) Total Experience: Over 22 years Anil Bamboli (Debt) (since September 17, 04) Total Experience: Over 23 years September 17, 2004 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio 66.15% Average Maturity * 1.68 years Macaulay Duration * 1.51 years Modified Duration * 1.39 years Yield to Maturity * 8.78% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 1.99% Direct: 0.51% l #BENCHMARK INDEX: 40% NIFTY 50 Arbitrage Index, 30% Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total Index) l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment of units. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 3, , (Annualised) (Annualised) # N.A. N.A Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A. Not Available. Performance^ - Regular Plan - Growth Option Date Period^^ capital appreciation while generating income over medium to long term. provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. Investors understand that their principal will be at moderately high risk (`) Oct 31, 17 Last 1 Year ,123 10,409 10,191 Oct 30, 15 Last 3 Years ,361 12,413 13,396 Oct 31, 13 Last 5 Years ,018 15,256 17,546 Sep 17, 04 Since Inception 9.28 N.A ,056 N.A. 71,664 ^^Effective December 16, 2015, certain changes, including changes to fundamental attributes, were effected in the erstwhile HDFC Multiple Yield Fund, (an open ended income scheme) which was renamed as HDFC Equity Savings Fund, an open ended equity scheme. On account of these changes, the performance during the period(s) from September 17, 2004 to December 15, 2015 is not comparable. greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance may not strictly be comparable with that of its, since a portion of scheme s investments are made in debt instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Vinay Kulkarni (Equities), Krishan Kumar Daga (Equities) and Anil Bamboli (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63. Classification by Rating Class Equity Sovereign 0.99 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 2.79 Net Current Assets Industry Allocation of Equity Holding (% of Net Assets) Banks Power 4.16 Software 4.04 Petroleum Products 3.17 Construction Project 2.18 Ferrous Metals 1.78 Gas 1.77 Non - Ferrous Metals 1.45 Pharmaceuticals 1.40 Consumer Non Durables 1.34 Auto 0.99 Pesticides 0.93 Finance 0.84 Cement 0.80 Industrial Capital Goods 0.73 Oil 0.72 Chemicals 0.50 Transportation 0.47 Construction 0.43 Minerals/Mining 0.24 Auto Ancillaries 0.13 Paper 0.11 Retailing 0.02 Media & Entertainment Company Industry + / Rating % to NAV (Hedged & Unhedged) % exposure of Derivative Equity & Equity Related ICICI Bank Ltd. Banks Reliance Industries Ltd. Petroleum Products Housing Development Finance Corporation Ltd. Finance NTPC Ltd. Power Infosys Ltd. Software Tata Steel Ltd. Ferrous Metals HDFC Bank Ltd. Banks GAIL (India) Ltd. Gas Larsen & Toubro Ltd. Construction Project State Bank of India Banks Aurobindo Pharma Ltd. Pharmaceuticals Vedanta Ltd. Non - Ferrous Metals ITC Ltd. Consumer Non Durables Company Industry + / Rating % to NAV (Hedged & Unhedged) Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. % exposure of Derivative JSW Steel Ltd. Ferrous Metals Mahindra & Mahindra Ltd. Auto Sun Pharmaceuticals Industries Ltd. Pharmaceuticals Yes Bank Ltd. Banks Shriram Transport Finance Company Ltd. Finance UPL Ltd. Pesticides Tata Motors Ltd. Auto Dr. Reddy's Laboratories Ltd. Pharmaceuticals Oil & Natural Gas Corporation Ltd. Oil Hindalco Industries Ltd. Non - Ferrous Metals LIC Housing Finance Ltd. Finance Maruti Suzuki India Ltd. Auto Indiabulls Housing Finance Ltd. Finance Bharti Airtel Ltd. Telecom - Services Power Grid Corporation of India Ltd. Power Contd on next page Intouch mutually October

30 HDFC Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)...contd from previous page Company Industry + / Rating % to NAV (Hedged & Unhedged) % exposure of Derivative Axis Bank Ltd. Banks Jubilant Foodworks Ltd. Consumer Non Durables DLF Ltd. Construction ACC Ltd. Cement Tech Mahindra Ltd. Software Titan Company Ltd. Consumer Durables Bajaj Finance Ltd. Finance Steel Authority of India Ltd. Ferrous Metals Multi Commodity Exchange of India Ltd. Finance Glenmark Pharmaceuticals Ltd. Pharmaceuticals Ambuja Cements Ltd. Cement Newgen Software Technologies Ltd. Software Rural Electrification Corporation Ltd. Finance Tata Global Beverages Ltd. Consumer Non Durables Cipla Ltd. Pharmaceuticals United Spirits Ltd. Consumer Non Durables Tata Chemicals Ltd. Chemicals Gujarat Pipavav Port Ltd. Transportation L&T Technology Services Ltd. Software Mahindra & Mahindra Financial Services Ltd. Finance Hero MotoCorp Ltd. Auto Ashok Leyland Ltd. Auto Capital First Ltd. Finance Escorts Ltd. Auto Tata Motors Ltd. DVR Auto The Federal Bank Ltd. Banks JMC Projects (India) Ltd. Construction eclerx Services Ltd. Software Petronet LNG Ltd. Gas Strides Pharma Science Ltd. Pharmaceuticals Grasim Industries Ltd. Cement Texmaco Rail & Engineering Ltd. Industrial Capital Goods Adani Power (Mundra) Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) Power Coal India Ltd. Minerals/Mining Zee Entertainment Enterprises Ltd. Media & Entertainment NHPC Ltd. Power Eicher Motors Ltd. Auto Jindal Steel & Power Ltd. Ferrous Metals SBI Life Insurance Company Ltd. Finance Dabur India Ltd. Consumer Non Durables CESC Ltd. Power Britannia Industries Ltd. Consumer Non Durables Raymond Ltd. Textile Products Rallis India Ltd. Pesticides Havells India Ltd. Consumer Durables L&T Finance Holdings Ltd. Finance Indostar Capital Finance Ltd. Finance ABB India Ltd. Industrial Capital Goods Century Textiles & Industries Ltd. Cement Bank of Baroda Banks Tata Communications Ltd. Telecom - Services Tata Power Company Ltd. Power ITD Cementation India Ltd. Construction Equitas Holdings Ltd. Finance Cadila Healthcare Ltd. Pharmaceuticals NCC Ltd. Construction Project ICICI Prudential Life Insurance Company Ltd. Finance Torrent Pharmaceuticals Ltd. Pharmaceuticals Tata Consultancy Services Ltd. Software Tata Elxsi Ltd. Software Bharat Electronics Ltd. Industrial Capital Goods Apollo Tyres Ltd. Auto Ancillaries Bharat Petroleum Corporation Ltd. Petroleum Products Godrej Consumer Products Ltd. Consumer Non Durables Power Finance Corporation Ltd. Finance Titagarh Wagons Ltd. Industrial Capital Goods Gujarat State Fertilizers & Chemicals Ltd. Fertilisers Galaxy Surfactants Ltd Chemicals Motherson Sumi Systems Ltd. Auto Ancillaries Bharat Financial Inclusion Ltd. Finance Ashoka Buildcon Ltd. Construction Project Mahanagar Gas Ltd. Gas India Cements Ltd. Cement Wockhardt Ltd. Pharmaceuticals Arvind Ltd. Textile Products Tamil Nadu Newsprint & Papers Ltd. Paper Reliance Nippon Life Asset Management Ltd. Finance Hexaware Technologies Ltd. Software Ujjivan Financial Services Ltd. Finance IRB Infrastructure Developers Ltd. Construction IDFC Bank Ltd. Banks Jain Irrigation Systems Ltd. Industrial Products Container Corporation of India Ltd. Transportation Vodafone Idea Ltd Telecom - Services Reliance Power Ltd. Power Biocon Ltd. Pharmaceuticals Centum Electronics Ltd. Industrial Capital Goods HCL Technologies Ltd. Software United Breweries Ltd. Consumer Non Durables Hindustan Unilever Ltd. Consumer Non Durables IDFC Ltd. Finance Max Financial Services Ltd. Finance Godrej Industries Ltd. Consumer Non Durables Hindustan Petroleum Corporation Ltd. Petroleum Products MindTree Ltd. Software Dish TV India Ltd. Media & Entertainment Company Industry + / Rating % to NAV % exposure (Hedged & of Derivative Unhedged) Wipro Ltd. Software Balkrishna Industries Ltd. Auto Ancillaries Divi's Laboratories Ltd. Pharmaceuticals NMDC Ltd. Minerals/Mining Bajaj Auto Ltd. Auto Ceat Ltd. Auto Ancillaries Punjab National Bank Banks Castrol India Ltd. Petroleum Products PVR Ltd. Media & Entertainment BEML Ltd. Industrial Capital Goods MRF Ltd. Auto Ancillaries Orient Cement Ltd. Cement KEC International Ltd. Construction Project Nestle India Ltd. Consumer Non Durables Reliance Infrastructure Ltd. Power IDBI Bank Ltd. Banks Kalpataru Power Transmission Ltd. Power Reliance Capital Ltd. Finance Karnataka Bank Ltd. Banks CanFin Homes Ltd. Finance NBCC (India) Ltd. Construction UltraTech Cement Ltd. Cement Cholamandalam Investment and Finance Company Ltd. Finance IFCI Ltd. Finance Granules India Ltd. Pharmaceuticals Bata India Ltd. Consumer Durables RP-SG Business Process Services Software Adani Ports and Special Economic Zone Ltd. Transportation Shree Cement Ltd. Cement RP-SG Retail Ltd Retailing S Chand and Company Ltd. Media & Entertainment Godfrey Phillips India Ltd. Consumer Non Durables SREI Infrastructure Finance Ltd. Finance Kotak Mahindra Bank Ltd. Banks Piramal Enterprises Ltd. Pharmaceuticals Syndicate Bank Banks Lupin Ltd. Pharmaceuticals Bajaj Finserv Ltd. Finance The South Indian Bank Ltd. Banks Bosch Ltd. Auto Indraprastha Gas Ltd. MPS Ltd. Consumer Non Sub Total Preference Shares Zee Entertainment Enterprises Ltd. Media & Sub Total Debt & Debt Related Government Securities 7.16 GOI 2023 Sovereign 0.99 Sub Total 0.99 Money Market Instruments CD/CP Fullerton India Credit Company Ltd. ICRA - A Sub Total 0.72 Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA / ICRA - AAA 4.38 Punjab National Bank CARE - A Power Finance Corporation Ltd. CRISIL - AAA 2.34 State Bank of India CRISIL - AA HDFC Bank Ltd. CRISIL - AA National Bank for Agriculture & Rural Development CRISIL - AAA 1.30 Syndicate Bank CARE - AA Mahindra & Mahindra Financial Services Ltd. CARE - AAA / FITCH - AAA 1.06 Reliance Jio Infocomm Ltd. CRISIL - AAA / ICRA - AAA 1.06 Rural Electrification Corporation Ltd. CRISIL - AAA 0.86 Union Bank of India FITCH - AA, AA Shriram Transport Finance Company Ltd. CRISIL - AA Canara Bank CRISIL - AA 0.35 Axis Bank Ltd. CRISIL - AA Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.17 LIC Housing Finance Ltd. CRISIL - AAA 0.14 Power Grid Corporation of India Ltd. CRISIL - AAA 0.14 Bank of Baroda CARE - AA 0.14 JM Financial Asset Reconstruction Company Ltd. ICRA - AA Sub Total Short Term Deposits as margin for Futures & Options 8.62 Cash, Cash Equivalents and Net Current Assets 1.79 Top Ten Holdings, Less than 0.01% Outstanding exposure in derivative instruments (` in Crore) 2, Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. 30 October 2018 Intouch mutually

31 HDFC Hybrid Debt Fund (An open-ended hybrid scheme investing predominantly in debt instruments) To generate income / capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Conservative Hybrid Fund l Fund Manager Prashant Jain (Equities) (since December 26, 03) Total Experience: Over 27 years & Shobhit Mehrotra (Debt) (since September 1, 07) Total Experience: Over 25 years December 26, 2003 Regular Plan - Growth Option Regular Plan - Monthly Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Monthly Dividend Option Direct Plan - Quarterly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 4.33 years Macaulay Duration * 3.23 years Modified Duration * 3.03 years Yield to Maturity * 8.81% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 1.84% Direct: 1.34% l #BENCHMARK INDEX: NIFTY 50 Hybrid Composite Debt 15:85 Index l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index In respect of each purchase / switch-in of Units, 15% of the Units ( the limit ) may be redeemed without any exit load from the date of allotment. Any redemption in excess of the limit shall be subject to the following exit load: Exit load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment of units. No Exit load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth, Monthly Dividend & Quarterly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase: (Growth & Quarterly Dividend Option) - ` 5,000 and any amount thereafter. (Monthly Dividend Option) - ` 25,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). Company Industry + / Rating % to NAV Equity & Equity Related ICICI Bank Ltd. Banks 2.54 State Bank of India Banks 2.26 Infosys Ltd. Software 2.02 Larsen & Toubro Ltd. Construction Project 1.40 Bharat Petroleum Corporation Ltd. Petroleum Products 1.19 Power Grid Corporation of India Ltd. Power 1.15 NTPC Ltd. Power 1.06 Cipla Ltd. Pharmaceuticals 1.03 HDFC Bank Ltd. Banks 1.00 Tata Consultancy Services Ltd. Software 0.68 Chambal Fertilizers & Chemicals Ltd. Fertilisers 0.66 GAIL (India) Ltd. Gas 0.66 Axis Bank Ltd. Banks 0.64 Tata Chemicals Ltd. Chemicals 0.64 Power Finance Corporation Ltd. Finance 0.63 Tata Steel Ltd. Ferrous Metals 0.58 Apar Industries Ltd. Industrial Capital Goods 0.57 Aurobindo Pharma Ltd. Pharmaceuticals 0.56 Vedanta Ltd. Non - Ferrous Metals 0.56 MEP Infrastructure Developers Ltd. Transportation 0.52 Canara Bank Banks 0.49 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.48 NHPC Ltd. Power 0.47 Bank of Baroda Banks 0.47 Balkrishna Industries Ltd. Auto Ancillaries 0.41 Rural Electrification Corporation Ltd. Finance 0.36 ITD Cementation India Ltd. Construction 0.34 Punjab National Bank Banks 0.33 Avenue Supermarts Ltd. Retailing 0.32 Syndicate Bank Banks 0.32 Texmaco Rail & Engineering Ltd. Industrial Capital Goods 0.28 Union Bank of India Banks 0.24 CG Power & Industrial Solutions Ltd. Industrial Capital Goods 0.19 Corporation Bank Banks 0.14 Mishra Dhatu Nigam Ltd. Ferrous Metals 0.13 Elecon Engineering Co. Ltd. Industrial Capital Goods 0.03 Company Industry + / Rating % to NAV Titagarh Wagons Ltd. Industrial Capital Goods 0.02 Jaiprakash Power Ventures Ltd. Power 0.02 Tata Motors Ltd. DVR Rallis India Ltd. Sub Total Debt & Debt Related Government Securities 7.95 GOI 2032 Sovereign GOI 2030 Sovereign GOI 2024 Sovereign GOI 2026 Sovereign GOI 2033 Sovereign GOI 2029 Sovereign GOI 2034 Sovereign GOI 2030 Sovereign GOI 2034 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2023 Sovereign GOI 2027 Sovereign SDL 2025 Sovereign GOI 2026 Sovereign 0.01 Sub Total Money Market Instruments CD/CP Fullerton India Credit Company Ltd. ICRA - A Shriram Transport Finance Company Ltd. CRISIL - A PNB Housing Finance Ltd. CRISIL - A Sub Total 5.35 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 6.13 Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA 4.45 Reliance Jio Infocomm Ltd. CRISIL - AAA / ICRA - AAA 4.21 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 3.19 State Bank of India CRISIL - AA+, AAA 2.47 Union Bank of India CARE - AA- / FITCH - AA, AA Punjab National Bank CARE - A Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

32 HDFC Hybrid Debt Fund (An open-ended hybrid scheme investing predominantly in debt instruments)...contd from previous page Classification by Asset Class Equity G-Sec, SDL CD/CP 5.35 Credit Exposure Net Current Assets 8.42 Classification by Rating Class Equity Sovereign AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 5.41 Net Current Assets 8.42 Company Industry + / Rating % to NAV Tata International Ltd. CARE - A Housing Development Finance Corporation Ltd. CRISIL - AAA 1.54 HDFC Bank Ltd. CRISIL - AA Canara Bank ICRA - AA 1.48 Tata Realty and Infrastructure Ltd. CRISIL - AA 1.45 Andhra Bank CARE - A Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 1.21 Tata Power Company Ltd. CRISIL - AA Andhra Pradesh Expressway Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.96 Syndicate Bank CARE - AA Power Grid Corporation of India Ltd. CRISIL - AAA 0.93 Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.90 Kotak Mahindra Bank Ltd. CRISIL - AAA 0.79 National Bank for Agriculture & Rural Development CRISIL - AAA 0.77 Bank of Baroda CARE - AA Adani Transmission Ltd. FITCH - AA Company Industry + / Rating % to NAV Shriram City Union Finance Ltd. CARE - AA Hindalco Industries Ltd. CRISIL - AA 0.31 ECL Finance Ltd. ICRA - A Export - Import Bank of India CRISIL - AAA 0.32 National Highways Authority of India CRISIL - AAA 0.30 LIC Housing Finance Ltd. CRISIL - AAA 0.30 Tata Steel Ltd. CARE - AA IIFL Home Finance Ltd. CRISIL - AA 0.16 Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 0.09 Tata Motors Ltd. CARE - AA Vedanta Ltd. CRISIL - AA 0.06 Bharati Telecom Limited CRISIL - AA Asian Satellite Broadcast Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - A+(SO) 0.04 Sub Total Cash, Cash Equivalents and Net Current Assets 8.42 Top Ten Holdings, Less than 0.01% Performance^ - Regular Plan - Growth Option Since Inception 10 year 5 Year 3 Year 1 Year Total Amount Invested (` 000) 1, , Mkt Value As on October 31, 2018 (` 000) 3, , (Annualised) (Annualised) # Addl. Ret. (Annualised) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. to generate long-term income / capital appreciation investments primarily in debt securities, money market instruments and moderate exposure to equities Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,767 10,186 9,953 Oct 30, 15 Last 3 Years ,211 12,263 11,726 Oct 31, 13 Last 5 Years ,280 15,258 14,018 Dec 26, 03 Since Inception ,369 31,209 21,218 greater than 1 year period are compounded annualized (CAGR). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. For performance of other schemes managed by Prashant Jain (Equities) and Shobhit Mehrotra (Debt), please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63. Investors understand that their principal will be at moderately high risk Note: Effective close of business hours of May 25, 2018, HDFC MF Monthly Income Plan Long Term Plan (MIP-LTP) underwent changes in Fundamental Attributes and was renamed as HDFC Hybrid Debt Fund (HHDF) and HDFC MF Monthly Income Plan Short Term Plan was merged therein. As the portfolio structuring of HHDF closely resembles the erstwhile MIP-LTP, the past performance of MIP-LTP is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified. 32 October 2018 Intouch mutually

33 HDFC Arbitrage Fund (An open ended scheme investing in arbitrage opportunities) To generate income through arbitrage opportunities and debt & money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Arbitrage Fund l Fund Manager Krishan Kumar Daga (since September 10, 15) Total Experience: Over 22 years October 23, 2007 Retail Plan Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Wholesale Plan Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Monthly Dividend Option As on October 31, , Average for Month of October, , Turnover Ratio (Last 1 year) % Including Expenses and Goods and Service Tax Regular: 0.75% Direct: 0.25% l #BENCHMARK INDEX: NIFTY 50 Arbitrage Index l ##addl. BENCHMARK INDEX: NIFTY 50 (Total Index) In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switchedout within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 month from the date of allotment. For further details, please refer to para Exit Load on Pg 51. (Wholesale Plan) - Regular Plan, (Wholesale Plan) - Direct Plan. Under Each Plan : Growth & Dividend. Dividend Option offers Monthly Dividend Option and Normal Dividend Option with Payout and Reinvestment facility. l Minimum Application Amount Purchase/ Purchase: ` 1 lakh and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 14 years). Company Industry + / Rating % to NAV Equity & Equity Related (Quantity fully hedged using Futures/Options) Aurobindo Pharma Ltd. Pharmaceuticals 5.57 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 4.43 Reliance Industries Ltd. Petroleum Products 3.36 Yes Bank Ltd. Banks 2.78 ICICI Bank Ltd. Banks 2.52 HDFC Bank Ltd. Banks 2.03 Indiabulls Housing Finance Ltd. Finance 1.65 Bharti Airtel Ltd. Telecom - Services 1.65 Maruti Suzuki India Ltd. Auto 1.56 Steel Authority of India Ltd. Ferrous Metals 1.40 Tech Mahindra Ltd. Software 1.40 Titan Company Ltd. Consumer Durables 1.38 Dabur India Ltd. Consumer Non Durables 1.32 Britannia Industries Ltd. Consumer Non Durables 1.31 Shriram Transport Finance Company Ltd. Finance 1.22 Mahindra & Mahindra Ltd. Auto 1.17 Tata Motors Ltd. Auto 1.08 Hindustan Unilever Ltd. Consumer Non Durables 1.07 Nestle India Ltd. Consumer Non Durables 1.07 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 0.98 Adani Enterprises Ltd. Trading 0.83 Balkrishna Industries Ltd. Auto Ancillaries 0.81 Housing Development Finance Corporation Ltd. Finance 0.78 Axis Bank Ltd. Banks 0.75 NCC Ltd. Construction Project 0.73 GAIL (India) Ltd. Gas 0.73 Multi Commodity Exchange of India Ltd. Zee Entertainment Enterprises Ltd. ITC Ltd. Finance 0.71 Media And Entertainment Consumer Non Durables Tata Consultancy Services Ltd. Software 0.67 Ashok Leyland Ltd. Auto 0.66 Arvind Ltd. Textile Products 0.63 Strides Pharma Science Ltd. Pharmaceuticals 0.61 Tata Motors Ltd. DVR Auto 0.59 Escorts Ltd. Auto 0.59 Capital First Ltd. Finance 0.57 IDFC Bank Ltd. Banks 0.56 JSW Steel Ltd. Ferrous Metals 0.55 Century Textiles & Industries Ltd. Cement 0.53 IDFC Ltd. Finance 0.49 Raymond Ltd. Textile Products 0.45 Tata Steel Ltd. Ferrous Metals 0.44 Bharat Financial Inclusion Ltd. Finance 0.42 Godrej Consumer Products Ltd. Consumer Non Durables 0.42 Tata Power Company Ltd. Power 0.42 Bajaj Auto Ltd. Auto 0.40 Bata India Ltd. Consumer Durables 0.40 Adani Ports and Special Economic Zone Ltd. Transportation 0.40 LIC Housing Finance Ltd. Finance 0.39 Godrej Industries Ltd. Consumer Non Durables 0.39 Bank of Baroda Banks 0.39 Company Industry + / Rating % to NAV Adani Power (Mundra) Ltd. (Secured by Shares of Adani Port & SEZ Ltd.) Power 0.37 HCL Technologies Ltd. Software 0.37 Wipro Ltd. Software 0.36 Biocon Ltd. Pharmaceuticals 0.34 UPL Ltd. Pesticides 0.33 Larsen & Toubro Ltd. Construction Project 0.32 Eicher Motors Ltd. Auto 0.31 IRB Infrastructure Developers Ltd. Construction 0.30 DLF Ltd. Construction 0.29 KPIT Technologies Ltd. Software 0.28 Mahindra & Mahindra Financial Services Ltd. Finance 0.27 Ambuja Cements Ltd. Cement 0.27 Infosys Ltd. Software 0.25 Bajaj Finserv Ltd. Finance 0.25 United Spirits Ltd. Consumer Non Durables 0.24 Cadila Healthcare Ltd. Pharmaceuticals 0.24 Piramal Enterprises Ltd. Pharmaceuticals 0.24 Vedanta Ltd. Non - Ferrous Metals 0.24 Havells India Ltd. Consumer Durables 0.23 Wockhardt Ltd. Pharmaceuticals 0.22 Vodafone Idea Ltd Telecom - Services 0.21 Jain Irrigation Systems Ltd. Industrial Products 0.19 Tata Elxsi Ltd. Software 0.19 Equitas Holdings Ltd. Finance 0.18 The South Indian Bank Ltd. Banks 0.17 Hindalco Industries Ltd. Non - Ferrous Metals 0.17 Granules India Ltd. Pharmaceuticals 0.17 Jubilant Foodworks Ltd. Consumer Non Durables 0.16 NBCC (India) Ltd. Construction 0.15 Bharat Petroleum Corporation Ltd. Petroleum Products 0.15 Ujjivan Financial Services Ltd. Finance 0.14 CanFin Homes Ltd. Finance 0.14 Bosch Ltd. Auto Ancillaries 0.13 Tata Communications Ltd. Telecom - Services 0.13 Indusind Bank Ltd. Banks 0.13 Reliance Power Ltd. Power 0.12 UltraTech Cement Ltd. Cement 0.12 MRF Ltd. Auto Ancillaries 0.12 Power Grid Corporation of India Ltd. Power 0.11 Grasim Industries Ltd. Cement 0.11 Petronet LNG Ltd. Gas 0.11 Glenmark Pharmaceuticals Ltd. Pharmaceuticals 0.10 United Breweries Ltd. Consumer Non Durables 0.10 PTC India Ltd. Power 0.09 TV18 Broadcast Ltd. Media & Entertainment 0.09 Hindustan Petroleum Corporation Ltd. Petroleum Products 0.09 IDBI Bank Ltd. Banks 0.08 Tata Chemicals Ltd. Chemicals 0.08 Reliance Infrastructure Ltd. Power 0.08 Divi's Laboratories Ltd. Pharmaceuticals 0.07 Reliance Capital Ltd. Finance 0.07 ICICI Prudential Life Insurance Company Ltd. Finance 0.07 Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of October 31, 2018 unless otherwise specified....contd on next page Intouch mutually October

34 HDFC Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)...contd from previous page Industry Allocation of Equity Holding (% of Net Assets) Pharmaceuticals Banks 9.45 Finance 7.43 Consumer Non Durables 6.80 Auto 6.36 Petroleum Products 3.66 Software 3.54 Ferrous Metals 2.39 Consumer Durables 2.01 Telecom - Services 1.99 Power 1.20 Auto Ancillaries 1.12 Textile Products 1.08 Construction Project 1.06 Cement 1.06 Gas 0.84 Trading 0.83 Media & Entertainment 0.83 Construction 0.79 Transportation 0.45 Non - Ferrous Metals 0.41 Pesticides 0.33 Industrial Products 0.19 Chemicals 0.08 Fertilisers 0.06 Industrial Capital Goods 0.04 Minerals/Mining Company Industry + / Rating % to NAV Gujarat State Fertilizers & Chemicals Ltd. Fertilisers 0.06 Indian Oil Corporation Ltd. Petroleum Products 0.06 PVR Ltd. Media & Entertainment 0.06 Kajaria Ceramics Ltd. Construction 0.05 Container Corporation of India Ltd. Transportation 0.05 Ceat Ltd. Auto Ancillaries 0.04 IFCI Ltd. Finance 0.04 Rural Electrification Corporation Ltd. Finance 0.04 Bharat Electronics Ltd. Industrial Capital Goods 0.04 Marico Ltd. Consumer Non Durables 0.02 NMDC Ltd. Minerals/Mining 0.02 State Bank of India Banks 0.02 Ajanta Pharma Ltd. Pharmaceuticals 0.02 Karnataka Bank Ltd. Banks 0.02 Shree Cement Ltd. Cement 0.02 Torrent Pharmaceuticals Ltd. Pharmaceuticals 0.02 Hexaware Technologies Ltd. Software 0.02 Motherson Sumi Systems Ltd. Auto Ancillaries 0.01 Torrent Power Ltd. Power 0.01 Colgate Palmolive (India) Ltd. Consumer Non Durables 0.01 GMR Infrastructure Ltd. Construction Project 0.01 India Cements Ltd. Cement 0.01 Tata Global Beverages Ltd. Consumer Non Durables 0.01 Apollo Tyres Ltd. Auto Ancillaries 0.01 SREI Infrastructure Finance Ltd. Finance L&T Finance Holdings Ltd. Sub Total Company Industry + / Rating % to NAV Debt & Debt Related Money Market Instruments CD/CP Axis Bank Ltd. CRISIL - A Trapti Trading & Investments Pvt Ltd. ICRA - A CanFin Homes Ltd. ICRA - A Sub Total 1.69 Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA 4.26 Punjab National Bank CARE - A Vedanta Ltd. CRISIL - AA 2.07 LIC Housing Finance Ltd. CRISIL - AAA 1.43 Syndicate Bank CARE - AA Andhra Bank CARE - A Bank of Baroda CARE - AA 0.42 Union Bank of India FITCH - AA 0.26 ICICI Bank Ltd. CARE - AA HDB Financial Services Ltd. CRISIL - AAA 0.02 Sub Total Short Term Deposits as margin for Futures & Options Cash, Cash Equivalents and Net Current Assets 1.07 Top Ten Holdings, less than 0.01% Outstanding exposure in derivative instruments (` in Crore) 2, Hedged position in Equity & Equity related instruments Outstanding derivative exposure (% age) income over short term. income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment. Investors understand that their principal will be at moderately low risk Performance^ - Wholesale Plan - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,567 10,490 10,191 Oct 30, 15 Last 3 Years ,901 11,666 13,396 Oct 31, 13 Last 5 Years ,891 13,736 17,546 Oct 23, 07 Since Inception 7.18 N.A ,478 N.A. 21,638 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance is not strictly comparable with that of its since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 59. Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified. 34 October 2018 Intouch mutually

35 HDFC Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Corporate Bond Fund l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years June 29, 2010 Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Quarterly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 1.73 years Macaulay Duration * 1.58 years Modified Duration * 1.46 years Yield to Maturity * 8.87% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.44% Direct: 0.34% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth, Quarterly Dividend & Normal Dividend. Both Dividend options offer Payout and Reinvestment facilities. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). Issuer Rating % to NAV Debt & Debt Related Government Securities 8.76 SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign GOI 2023 Sovereign SDL 2021 Sovereign GOI 2023 Sovereign SDL 2021 Sovereign SDL SDL GOI SDL SDL GOI 2020 Sub Total 5.90 Money Market Instruments CD/CP Indusind Bank Ltd. CRISIL - A Fullerton India Credit Company Ltd. ICRA - A Sub Total 0.30 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 9.09 Housing Development Finance Corporation Ltd. CRISIL - AAA 9.01 Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 6.62 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 6.09 Indiabulls Housing Finance Ltd. CARE - AAA 5.10 National Bank for Agriculture & Rural Development CRISIL - AAA 5.04 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 4.95 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 4.75 HDB Financial Services Ltd. CARE - AAA / CRISIL - AAA 4.73 Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA 3.28 National Highways Authority of India CRISIL - AAA 3.06 Classification by Asset Class G-Sec, SDL 5.90 CD/CP 0.30 Credit Exposure Net Current Assets 9.10 Issuer Rating % to NAV Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 2.45 Housing and Urban Development Corporation Ltd. ICRA - AAA 2.18 Export - Import Bank of India CRISIL - AAA 2.05 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.04 Power Grid Corporation of India Ltd. CRISIL - AAA 2.02 Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.87 Small Industries Development Bank of India CARE - AAA 1.84 NTPC Ltd. CRISIL - AAA 1.30 Tata Sons Ltd. CRISIL - AAA 1.17 Kotak Mahindra Prime Ltd. CRISIL - AAA 1.10 L&T Infrastructure Finance Company Ltd. CARE - AAA 1.05 Daimler Financial Services (I) Pvt Ltd. FITCH - AAA 0.85 Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA 0.79 Andhra Pradesh Expressway Ltd.(NHAI Annuity) ICRA - AAA(SO) 0.54 Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.43 Reliance Industries Ltd. CRISIL - AAA 0.39 Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA 0.39 Toyota Financial Services India Ltd. CRISIL - AAA 0.26 Gujarat Road and Infra Co Ltd. ICRA - AAA(SO) 0.22 NHPC Ltd. FITCH - AAA 0.04 Mahindra Vehicle Manufacturers Ltd. ICRA - Sub Total Cash, Cash Equivalents and Net Current Assets 9.10 Top Ten Holdings, less than 0.01% Classification by Rating Class Sovereign 5.90 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent Net Current Assets 9.10 income over short to medium term to generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds Investors understand that their principal will be at moderately low risk Performance^ - Regular Plan - Growth Option Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified. (`) Oct 31, 17 Last 1 Year ,424 10,174 9,953 Oct 30, 15 Last 3 Years ,403 12,179 11,726 Oct 31, 13 Last 5 Years ,974 15,098 14,018 Jun 29, 10 Since Inception ,781 18,588 16,282 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Note: Effective close of business hours of May 8, 2018, HDFC Medium Term Opportunities Fund (HMTOF) underwent changes in Fundamental Attributes and was renamed as HDFC Corporate Bond Fund (HCBF) and HDFC Floating Rate Income Fund Long Term Plan and HDFC Gilt Fund Short Term Plan were merged therein. As the portfolio structuring of HCBF closely resembles the erstwhile HMTOF, the past performance of HMTOF is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Intouch mutually October

36 HDFC Credit Risk Debt Fund (An open ended debt scheme predominantly investing in AA and below rated corporate bonds [excluding AA+ rated corporate bonds]) To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Credit Risk Fund l Fund Manager Shobhit Mehrotra (since March 25, 14) Total Experience: Over 25 years March 25, 2014 Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Quarterly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Quarterly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 2.52 years Macaulay Duration * 2.17 years Modified Duration * 2.00 years Yield to Maturity * 9.93% * Computed on the invested amount. Including Expenses and Goods and Service Tax on Management Fees Regular: 1.64% Direct: 1.02% Performance^ - Regular Plan - Growth Option l #BENCHMARK INDEX: Crisil Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index In respect of each purchase / switch-in of Units, 15% of the units ( the limit ) may be redeemed without any exit Load from the date of allotment Any redemption in excess of the above limit shall be subject to the following exit load: In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 12 months from the date of allotment In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-out after 12 months but within 18 months from the date of allotment No Exit Load is payable if Units are redeemed / switched-out after 18 months from the date of allotment For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan: Growth, Quarterly Dividend and Normal Dividend. Both Dividend options offers Payout and Reinvestment facilities. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). (`) Oct 31, 17 Last 1 Year ,305 10,469 9,953 Oct 30, 15 Last 3 Years ,363 12,292 11,726 Mar 25, 14 Since Inception ,647 14,270 13,986 The above returns are for Regular Plan - Growth Option. greater than 1 year period are compounded annualized (CAGR). The is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. Load is not taken into consideration for computation of performance. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58. Classification by Asset Class SDL 0.29 CD/CP 1.97 Credit Exposure Net Current Assets 4.58 Classification by Issuer Rating Class Sovereign 0.29 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below Net Current Assets 4.58 income over short to medium term to generate income/capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds) Investors understand that their principal will be at moderate risk Note: Effective close of business hours of May 8, 2018, HDFC Corporate Debt Opportunities Fund (HCDOF) underwent changes in Fundamental Attributes and was renamed as HDFC Credit Risk Debt Fund (HCRDF) and HDFC Regular Savings Fund was merged therein. As the portfolio structuring of HCRDF closely resembles the erstwhile HCDOF, the past performance of HCDOF is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, Company Industry + / Security Issuer Rating % to NAV Company Industry + / Security Issuer Rating % to NAV Rating Rating Debt & Debt Related Tata Steel Ltd. CARE - AA, AA- CARE - AA 2.82 Government Securities Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA CRISIL - AAA SDL 2022 Sovereign - Sovereign 0.29 HDFC Bank Ltd. CRISIL - AA+ CRISIL - AAA 2.58 Sub Total 0.29 Adani Transmission Ltd. FITCH - AA+ FITCH - AA Money Market Instruments Talwandi Sabo Power Ltd(Corporate CD/CP Guarantee of Vedanta Ltd.) CRISIL - AA(SO) FITCH - A Simplex Infrastructures Ltd. CARE - A2+ CARE - A Punjab National Bank CARE - A+ ICRA - AA Bajaj Electricals Ltd. CARE - A1+ ICRA - A Dilip Buildcon Ltd. CRISIL - A+ CARE - A Sub Total 1.97 Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Credit Exposure Lafarge India Ltd.) CRISIL - AA CRISIL - AA 2.27 HPCL-Mittal Energy Ltd. FITCH - AA ICRA - AA 4.19 Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA CRISIL - AAA 2.13 Vedanta Ltd. CRISIL - AA CRISIL - AA 4.15 Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA CRISIL - AAA 2.09 Tata International Ltd. CARE - A+ ICRA - A 4.12 Adani Rail Infra Private Ltd. (Secured Rural Electrification Corporation Ltd. CARE - AAA / CRISIL - AAA CRISIL - AAA 3.44 by Shares of Adani Ports and Adani Tata Power Company Ltd. CARE - AA / CRISIL Transmission) BRICKWORKS - A1+(SO) BRICKWORKS - AA AA- / ICRA - AA- CRISIL - AA Muthoot Finance Ltd. ICRA - AA ICRA - AA Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. Based on long term rating. 36 October 2018 Intouch mutually

37 HDFC Credit Risk Debt Fund Company Industry + / Security Issuer Rating % to NAV Rating Tata Sky Ltd. (Subsidiary of Tata Sons) CRISIL - AA CRISIL - AA 1.83 DB Consolidated Private Ltd (Dainik Bhaskar Group Company) Unrated INTERNAL - A-(SO) 1.75 Housing Development Finance Corporation Ltd. CRISIL - AAA CRISIL - AAA 1.65 Reliance Jio Infocomm Ltd. CRISIL - AAA CRISIL - AAA 1.60 Prism Johnson Ltd. FITCH - A- / ICRA - A- ICRA - A Sadbhav Infrastructure Project Ltd. (Corporate Guarantee of Sadbhav Engineering Ltd.) CARE - A+(SO) CARE - A+(SO) 1.45 Aasan Corporate Solutions Pvt. Ltd. (Ajay Piramal Group Co) ICRA - AA-(SO) ICRA - AA-(SO) 1.31 TMF Holdings Ltd. (subsidiary of Tata Motors Ltd.) CRISIL - AA CRISIL - AA 1.12 JM Financial Asset Reconstruction Company Ltd. ICRA - AA- CRISIL - AA Primat Infrapower & Multiventures Private Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd. & Dish TV Ltd.) BRICKWORKS - A+(SO), AA-(SO) INTERNAL - A 1.04 Hinduja Leyland Finance Ltd. CARE - AA- CARE - AA Power Grid Corporation of India Ltd. CRISIL - AAA CRISIL - AAA 1.03 Hindalco Industries Ltd. CRISIL - AA CRISIL - AA 0.99 Indiabulls Housing Finance Ltd. CARE - AAA / CRISIL - AAA CRISIL - AA Raj Infra Properties Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.86 Gera Development Pvt. Ltd. CARE - A+ CARE - A Tata Motors Ltd. CARE - AA+ CRISIL - AA 0.78 LIC Housing Finance Ltd. CRISIL - AAA CRISIL - AAA 0.73 Simplex Infrastructures Ltd. CARE - A- CARE - A Tata Housing Development Company Ltd. ICRA - AA CARE - AA 0.71 KEC International Ltd. ICRA - AA- CARE - AA Union Bank of India FITCH - AA CARE - AA Tata Motors Finance Ltd. CARE - AA+ CRISIL - AA 0.64 Starlite Lighting Ltd. (Corporate Guarantee of Bajaj Electrical Ltd.) ICRA - A+(SO) ICRA - A+(SO) 0.61 NTPC Ltd. CRISIL - AAA / ICRA - AAA CRISIL - AAA 0.61 Cholamandalam Investment and Finance Company Ltd. CRISIL - AA+/ICRA - AA+ CARE - AA 0.60 Export - Import Bank of India CRISIL - AAA CRISIL - AAA 0.59 Tata Realty and Infrastructure Ltd. CRISIL - AA CRISIL - AA 0.58 Coastal Gujarat Power Ltd. CARE - AA(SO) CARE - AA(SO) 0.57 Indostar Capital Finance Ltd. CARE - AA- CARE - AA Tata Capital Financial Services Ltd. ICRA - AAA CRISIL - AAA 0.57 Bharat Petroleum Corporation Ltd. CRISIL - AAA CRISIL - AAA 0.56 Shriram Transport Finance Company Ltd. CARE - AA+ / CRISIL - AA+ / FITCH - AA+ CRISIL - AA Axis Bank Ltd. CRISIL - AA+ CRISIL - AAA 0.55 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) CARE - AA-(SO) 0.48 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) BRICKWORKS - AA-(SO) 0.48 Prabhakar Viniyog Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) FITCH - AA-(SO) 0.45 Infiniti Retail Ltd. (Subsidiary of Tata Sons) CARE - A+ CARE - A Inox Air Products Ltd. CRISIL - AA CRISIL - AA 0.42 APL Apollo Tubes Ltd. CARE - AA- CARE - AA (An open ended debt scheme predominantly investing in AA and below rated corporate bonds [excluding AA+ rated corporate bonds])...contd from previous page Company Industry + / Security Issuer Rating % to NAV Rating Andhra Bank CARE - A+ CRISIL - AA 0.40 PNB Housing Finance Ltd. CARE - AAA CRISIL - AA Au Small Finance Bank Ltd. FITCH - AA- CRISIL - A 0.36 Aarti Industries Ltd. CRISIL - AA- CRISIL - AA Repco Home Finance Ltd. CARE - AA ICRA - AA Raviraj Viniyog Pvt. Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.32 Emami Infrastructure Ltd. (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - AA-(SO) 0.31 JM Financial Credit Solutions Ltd. ICRA - AA CRISIL - AA 0.31 Edisons Infrapower & Multiventures Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd. & Dish TV Ltd.) BRICKWORKS - A+(SO) INTERNAL - A+(SO) 0.30 Aditya Birla Fashion and Retail Ltd. CRISIL - AA CRISIL - AA 0.29 L&T Housing Finance Ltd. CARE - AAA CARE - AAA 0.28 L&T Finance Ltd. CARE - AAA CARE - AAA 0.28 HDB Financial Services Ltd. CARE - AAA CRISIL - AAA 0.28 Tata Sons Ltd. CRISIL - AAA CRISIL - AAA 0.28 India infoline Finance Ltd. ICRA - AA CRISIL - AA 0.28 Sadbhav Engineering Ltd. CARE - A+ CARE - A Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) CARE - AAA(SO) 0.24 KKR India Financial Services Pvt Ltd. CRISIL - AA+ CRISIL - AA G R Infraprojects Ltd. CARE - AA- CARE - AA Aspire Home Finance Corporation Ltd. (Subsidiary of Motilal Oswal Financial Services Ltd.) CRISIL - A+ / ICRA - A+ CRISIL - A Bhanu Vyapar Pvt. Ltd. (Secured with shares of Emami Ltd.) FITCH - AA-(SO) FITCH - AA-(SO) 0.21 Century Textiles & Industries Ltd. CRISIL - AA CARE - AA Arm Infra & Utilities Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - A+, AA- BRICKWORKS - A+(SO) 0.18 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) CRISIL - AAA(SO) 0.18 ECL Finance Ltd. CARE - AA CRISIL - AA 0.15 Syndicate Bank CARE - AA- CRISIL - AA 0.15 Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) CRISIL - AAA(SO) 0.15 Bajaj Finance Ltd. CRISIL - AAA CRISIL - AAA 0.14 National Bank for Agriculture & Rural Development CRISIL - AAA CRISIL - AAA 0.14 Sundaram Finance Ltd. ICRA - AAA FITCH - AA National Highways Authority of India CRISIL - AAA CRISIL - AAA 0.14 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) FITCH - A Kalpataru Power Transmission Ltd. CRISIL - AA CRISIL - AA 0.12 Asian Satellite Broadcast Pvt. Ltd. (Secured with shares of ZEE Entertainment Enterprise Ltd.) BRICKWORKS - AA-(SO) BRICKWORKS - A NHPC Ltd. ICRA - AAA CRISIL - AAA 0.11 Volkswagen Finance Pvt. Ltd. FITCH - AAA FITCH - AAA 0.10 Aavas Financiers Ltd.(Formerly known as Au Housing Finance Ltd.) ICRA - A+ CRISIL - A 0.09 IIFL Home Finance Ltd. CRISIL - AA CRISIL - AA 0.06 Petronet LNG Ltd. CRISIL - AAA CRISIL - AA Sprit Infrapower & Multiventures Pvt. Ltd. (Secured with shares of Zee Entertainment Enterprise Ltd. & Dish TV Ltd.) BRICKWORKS - A+(SO) INTERNAL - A Tube Investments of India Ltd. CRISIL - AA+ CRISIL - AA 0.02 Sub Total Cash, Cash Equivalents and Net Current Assets 4.58 Top Ten Holdings, Co-sponsor Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

38 HDFC Banking and PSU Debt Fund (An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds) To generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Banking and PSU Fund l Fund Manager Anil Bamboli (since March 26, 14) Total Experience: Over 23 years March 26, 2014 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 2.82 years Macaulay Duration * 2.41 years Modified Duration * 2.22 years Yield to Maturity * 9.26% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.80% Direct: 0.35% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under Each Plan: Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Issuer Rating % to NAV Debt & Debt Related Credit Exposure National Highways Authority of India CRISIL - AAA Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 9.31 National Bank for Agriculture & Rural Development CRISIL - AAA 8.88 Power Grid Corporation of India Ltd. CRISIL - AAA 7.26 Food Corporation of India (Corporate guarantee from Govt of India) CRISIL - AAA(SO) 6.64 Rural Electrification Corporation Ltd. CRISIL - AAA / FITCH - AAA 5.41 Tata International Ltd. CARE - A Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA, AAA(SO) / CARE - AAA / CRISIL - AAA(SO) 5.12 Syndicate Bank CARE - AA Union Bank of India CARE - AA- / FITCH - AA, AA Bank of Baroda CARE - AA 3.09 Export - Import Bank of India CRISIL - AAA 2.32 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 1.96 HDFC Bank Ltd. CRISIL - AA Punjab National Bank CARE - A Small Industries Development Bank of India CARE - AAA 1.77 NTPC Ltd. CRISIL - AAA 1.69 Andhra Bank CARE - A Issuer Rating % to NAV LIC Housing Finance Ltd. CRISIL - AAA 1.60 Tata Power Company Ltd. CRISIL - AA Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.85 Vedanta Ltd. CRISIL - AA 0.69 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.42 Housing Development Finance Corporation Ltd. Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CRISIL - AAA / ICRA - AAA 0.39 CARE - AAA(SO) / FITCH - AAA(SO) 0.29 State Bank of India CRISIL - AA Sub Total Cash, Cash Equivalents and Net Current Assets 6.59 Top Ten Holdings, Co-sponsor l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over short to medium term. to generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies Investors understand that their principal will be at moderate risk Classification by Asset Class Credit Exposure Net Current Assets 6.59 Performance^ - Regular Plan - Growth Option Classification by Rating Class AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 8.70 Net Current Assets 6.59 (`) Oct 31, 17 Last 1 Year ,303 10,469 10,611 Oct 30, 15 Last 3 Years ,295 12,292 12,074 Mar 26, 14 Since Inception ,296 14,269 13,771 The above returns are for Regular Plan - Growth Option. greater than 1 year period are compounded annualized (CAGR). The is in existence for more than 1 year but less than 5 years. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. 38 October 2018 Intouch mutually

39 HDFC Gilt Fund (An open ended debt scheme investing in government securities across maturities) To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/ or State Government. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Gilt Fund l Fund Manager Anil Bamboli (since September 1, 07) Total Experience: Over 23 years July 25, 2001 Regular Plan - Growth Option Regular Plan - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 3.95 years Macaulay Duration * 2.97 years Modified Duration * 2.85 years Yield to Maturity * 7.55% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.90% Direct: 0.55% l #BENCHMARK INDEX: CRISIL Dynamic Gilt Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option (Dividend Option offers Dividend Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). Issuer Rating % to NAV Debt & Debt Related Government Securities 7.37 GOI 2023 Sovereign GOI 2033 Sovereign GOI 2024 Sovereign GOI 2022 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign GOI 2025 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2019 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign GOI 2026 Sovereign GOI 2034 Sovereign GOI 2022 Sovereign 0.85 Classification by Asset Class G-Sec, SDL, T-bills Net Current Assets 5.35 Issuer Rating % to NAV 7.16 GOI 2023 Sovereign GOI 2033 Sovereign GOI 2034 Sovereign GOI 2032 Sovereign GOI 2030 Sovereign 0.09 Sub Total T-bills 182 Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days Tbill - ISD Mat Sovereign 2.06 Sub Total Total Cash, Cash Equivalents and Net Current Assets 5.35 Top Ten Holdings Classification by Rating Class Sovereign Net Current Assets 5.35 credit risk free returns over medium to long term to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and / or State Government Investors understand that their principal will be at moderate risk Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,156 10,186 9,953 Oct 30, 15 Last 3 Years ,103 12,075 11,726 Oct 31, 13 Last 5 Years ,369 15,046 14,018 Jul 25, 01 Since Inception N.A. 35,625 38,290 N.A. greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

40 HDFC Dynamic Debt Fund (An open ended dynamic debt investing across duration) To generate income / capital appreciation by investing in a range of debt and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Dynamic Bond Fund l Fund Manager Anil Bamboli (since February 16, 04) Total Experience: Over 23 years April 28, 1997 Regular Plan - Growth Option Regular Plan - Quarterly Dividend Option Regular Plan - Half-Yearly Dividend Option Regular Plan - Yearly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Direct Plan - Half-Yearly Dividend Option Direct Plan - Yearly Dividend Option Direct Plan - Normal Dividend Option As on October 31, Average for Month of October, Average Maturity * 3.54 years Macaulay Duration * 2.92 years Modified Duration * 2.74 years Yield to Maturity * 8.76% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 1.85% Direct: 1.25% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 10 year Gilt Index In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switchedout within 6 months from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 6 months from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan: Growth, Normal Dividend, Quarterly Dividend, Half Yearly Dividend, & Yearly Dividend. All Dividend Options offer Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over medium to long term to generate income / capital appreciation by investing in a range of debt and money market instruments Issuer Rating % to NAV Debt & Debt Related Government Securities 7.37 GOI 2023 Sovereign SDL 2022 Sovereign GOI 2023 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2022 Sovereign GOI 2022 Sovereign GOI 2033 Sovereign GOI 2022 Sovereign SDL 2022 Sovereign SDL 2023 Sovereign GOI 2034 Sovereign SDL 2023 Sovereign GOI 2023 Sovereign SDL 2025 Sovereign SDL 2026 Sub Total Credit Exposure Union Bank of India CARE - AA- / FITCH - AA, AA Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 8.77 Classification by Asset Class G-Sec, SDL Credit Exposure Net Current Assets Performance^ - Regular Plan - Growth Option Issuer Rating % to NAV Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 8.22 LIC Housing Finance Ltd. CRISIL - AAA 4.22 Syndicate Bank CARE - AA Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) 2.72 State Bank of India CRISIL - AAA(SO) 2.57 Vedanta Ltd. CRISIL - AA 2.55 Rural Electrification Corporation Ltd. FITCH - AAA 2.55 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.51 Housing Development Finance Corporation Ltd. ICRA - AAA 2.49 Punjab National Bank CARE - A National Highways Authority of India CRISIL - AAA 1.02 Tata Power Company Ltd. CRISIL - AA Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CARE - AAA 0.54 NTPC Ltd. CRISIL - AAA 0.07 Sub Total Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, less than 0.01% Classification by Rating Class Sovereign AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA/aa A+ & Below 1.48 Net Current Assets (`) Oct 31, 17 Last 1 Year ,054 10,174 9,953 Oct 30, 15 Last 3 Years ,900 12,179 11,726 Oct 31, 13 Last 5 Years ,692 15,098 14,018 Apr 28, 97 Since Inception 8.62 N.A. N.A. 59,226 N.A. N.A. greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the Investors understand that their principal will be schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, at moderate risk please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. 40 October 2018 Intouch mutually

41 HDFC Income Fund [An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the is between 4 years and 7 years (Refer page 2 for definition of Macaulay Duration)] To generate income / capital appreciation through investments in debt and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Medium to Long Duration Fund l Fund Manager Shobhit Mehrotra (since September 11, 07) Total Experience: Over 25 years September 11, 2000 Regular Plan - Growth Option Regular Plan - Quarterly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Quarterly Dividend Option Direct Plan - Normal Dividend Option As on October 31, Average for Month of October, Average Maturity * 3.71 years Macaulay Duration * 2.79 years Modified Duration * 2.62 years Yield to Maturity * 8.66% * Computed on the invested amount for debt portfolio. Including Expenses and Goods and Service Tax Regular: 2.15% Direct: 1.63% l #BENCHMARK INDEX: CRISIL Composite Bond Fund Index l ##addl. BENCHMARK INDEX: Crisil 10 year Gilt Index Issuer Rating % to NAV Debt & Debt Related Government Securities 6.57 GOI 2033 Sovereign GOI 2032 Sovereign GOI 2023 Sovereign GOI 2034 Sovereign GOI 2023 Sovereign GOI 2025 Sovereign GOI 2024 Sub Total Credit Exposure Power Finance Corporation Ltd. CRISIL - AAA Rural Electrification Corporation Ltd. CRISIL - AAA / FITCH - AAA 8.55 National Highways Authority of India CRISIL - AAA 8.43 Issuer Rating % to NAV Punjab National Bank CARE - A Tata Power Company Ltd. CRISIL - AA Housing Development Finance Corporation Ltd. CRISIL - AAA 5.83 National Bank for Agriculture & Rural Development CRISIL - AAA 5.68 State Bank of India CRISIL - AA Tata Steel Ltd. CARE - AA NTPC Ltd. CRISIL - AAA 2.98 Export - Import Bank of India CRISIL - AA Indian Railway Finance Corporation Ltd. CRISIL - AAA 2.68 Union Bank of India FITCH - AA Sub Total Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, less than 0.01% In respect of each purchase / switch-in of Units, an Exit Load of 0.25% is payable if Units are redeemed / switchedout within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 month from the date of allotment. For further details, please refer to para Exit Load on Pg 51. Regular Plan, Direct Plan. Under Each Plan : Growth, Quarterly Dividend & Normal Dividend. Both Dividend Options offer Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over medium to long term to generate income / capital appreciation through investments in debt and money market instruments Investors understand that their principal will be at moderate risk Classification by Asset Class G-Sec Credit Exposure Net Current Assets Performance^ - Regular Plan - Growth Option Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. Classification by Rating Class Sovereign AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 8.31 Net Current Assets (`) Oct 31, 17 Last 1 Year ,984 10,174 9,953 Oct 30, 15 Last 3 Years ,665 12,179 11,726 Oct 31, 13 Last 5 Years ,319 15,098 14,018 Sep 11, 00 Since Inception 7.71 N.A. N.A. 38,520 N.A. N.A. greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58. Intouch mutually October

42 HDFC Medium Term Debt Fund [An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years (Refer page 2 for definition of Macaulay Duration)] To generate income / capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Medium Duration Fund l Fund Manager Shobhit Mehrotra (since September 1, 07) Total Experience: Over 25 years February 6, 2002 Regular Plan - Growth Option Regular Plan - Dividend Option Regular Plan - Fortnightly Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Direct Plan - Fortnightly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 2.15 years Macaulay Duration * 1.87 years Modified Duration * 1.71 years Yield to Maturity * 9.26% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 1.29% Direct: 0.49% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans : Growth, Normal Dividend & Fortnightly Dividend. Both Dividend Options offer Payout and Reinvestment facility. l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over medium term to generate income / capital appreciation through investments in Debt and Money Market Instruments Investors understand that their principal will be at moderate risk Issuer Rating % to NAV Debt & Debt Related Government Securities 7.35 GOI 2024 Sovereign GOI 2029 Sovereign 0.17 Sub Total 1.00 Credit Exposure Rural Electrification Corporation Ltd. CRISIL - AAA Power Finance Corporation Ltd. CRISIL - AAA 9.43 HPCL-Mittal Energy Ltd. FITCH - AA 7.03 LIC Housing Finance Ltd. CRISIL - AAA 6.40 National Bank for Agriculture & Rural Development CRISIL - AAA 6.30 Indiabulls Housing Finance Ltd. CARE - AAA / CRISIL - AAA 5.45 Housing and Urban Development Corporation Ltd. CARE - AAA / ICRA - AAA 5.42 Jamnagar Utilities & Power Pvt. Ltd. CRISIL - AAA 5.13 Housing Development Finance Corporation Ltd. CRISIL - AAA 4.21 HDFC Bank Ltd. CRISIL - AA Syndicate Bank CARE - AA Muthoot Finance Ltd. ICRA - AA 3.24 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 2.91 Reliance Jio Infocomm Ltd. CRISIL - AAA 2.08 Union Bank of India FITCH - AA Punjab National Bank CARE - A JM Financial Asset Reconstruction Company Ltd. ICRA - AA Talwandi Sabo Power Ltd. (Corporate Guarantee of Vedanta Ltd.) CRISIL - AA(SO) 1.63 Classification by Asset Class G-Sec 1.00 Credit Exposure Net Current Assets 7.13 Performance^ - Regular Plan - Growth Option Face Value per Unit: ` 10 unless otherwise specified, Data is as of October 31, 2018 unless otherwise specified. Issuer Rating % to NAV Sikka Ports & Terminals Ltd. (erstwhile Reliance Ports and Terminals Ltd.) CRISIL - AAA 1.54 Andhra Bank CARE - A Mahanagar Telephone Nigam Ltd. (Corporate guarantee from Govt of India) CARE - AAA(SO) 0.84 Vedanta Ltd. CRISIL - AA 0.82 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.40 Sub Total Cash, Cash Equivalents and Net Current Assets 7.13 Top Ten Holdings, Co-sponsor Classification by Rating Class Sovereign 1.00 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 2.82 Net Current Assets 7.13 (`) 42 October 2018 Intouch mutually Oct 31, 17 Last 1 Year ,356 10,469 10,611 Oct 30, 15 Last 3 Years ,260 12,292 12,074 Oct 31, 13 Last 5 Years ,746 14,787 14,176 Feb 06, 02 Since Inception 7.82 N.A ,302 N.A. 26,455 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58.

43 HDFC Short Term Debt Fund [An open ended short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 1 year and 3 years (Refer page 2 for definition of Macaulay Duration)] To generate income / capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Short Duration Fund l Fund Manager Anil Bamboli (since June 25, 10) Total Experience: Over 23 years June 25, 2010 Regular Plan - Growth Option Regular Plan - Fortnightly Dividend Option Regular Plan - Normal Dividend Option Direct Plan - Growth Option Direct Plan - Fortnightly Dividend Option Direct Plan - Normal Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 1.33 years Macaulay Duration * 1.26 years Modified Duration * 1.15 years Yield to Maturity * 9.02% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.40% Direct: 0.25% l #BENCHMARK INDEX: CRISIL Short Term Bond Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under Each Plan: Growth, Fortnightly Dividend & Normal Dividend. Both Dividend options offer Payout and Reinvestment facilities. Issuer Rating % to NAV Debt & Debt Related Government Securities 8.39 SDL 2020 Sovereign GOI 2023 Sovereign 0.11 Sub Total 1.32 Credit Exposure Power Finance Corporation Ltd. CARE - AAA / CRISIL - AAA National Bank for Agriculture & Rural Development CRISIL - AAA / FITCH - AAA 9.51 Housing Development Finance Corporation Ltd. CRISIL - AAA / ICRA - AAA 9.38 Rural Electrification Corporation Ltd. CRISIL - AAA / FITCH - AAA 8.08 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 6.71 LIC Housing Finance Ltd. CRISIL - AAA 6.49 Reliance Jio Infocomm Ltd. CRISIL - AAA, AAA(SO) 5.93 Mahindra & Mahindra Financial Services Ltd. CARE - AAA / FITCH - AAA 5.33 Indiabulls Housing Finance Ltd. CARE - AAA 5.11 Tata Sons Ltd. CRISIL - AAA 3.37 Tata Capital Financial Services Ltd. ICRA - AAA 3.12 Reliance Industries Ltd. CRISIL - AAA 2.80 Housing and Urban Development Corporation Ltd. ICRA - AAA 2.28 Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 1.72 Vedanta Ltd. CRISIL - AA 1.59 Small Industries Development Bank of India CARE - AAA 1.53 Cholamandalam Investment and Finance Company Ltd. ICRA - AA Issuer Rating % to NAV Bajaj Finance Ltd. CRISIL - AAA / FITCH - AAA 1.13 HDB Financial Services Ltd. CARE - AAA 0.84 ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 0.58 Nabha Power Ltd. (Corporate Guarantee of L&T Ltd.) ICRA - AAA(SO) 0.58 Sundaram BNP Paribas Home Finance Ltd. CARE - AA Hazaribagh Ranchi Expressway Ltd. (NHAI Annuity) CARE - AAA(SO) / FITCH - AAA(SO) 0.57 L&T Finance Ltd. CARE - AAA 0.57 Talwandi Sabo Power Ltd(Corporate Guarantee of Vedanta Ltd.) CRISIL - AA(SO) 0.57 Export - Import Bank of India CRISIL - AAA 0.57 National Highways Authority of India CRISIL - AAA 0.56 Tata Motors Ltd. CARE - AA Power Grid Corporation of India Ltd. CRISIL - AAA 0.51 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.40 NTPC Ltd. CRISIL - AAA 0.35 Aditya Birla Finance Ltd. ICRA - AAA 0.35 Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.28 Toyota Financial Services India Ltd. CRISIL - AAA 0.28 NHPC Ltd. ICRA - AAA 0.22 Sub Total Cash, Cash Equivalents and Net Current Assets 3.67 Top Ten Holdings, Co-sponsor l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over short term. to generate income / capital appreciation through investments in Debt and Money Market Instruments Investors understand that their principal will be at moderately low risk Classification by Asset Class G-Sec, SDL 1.32 Credit Exposure Net Current Assets 3.67 Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,538 10,469 10,611 Oct 30, 15 Last 3 Years ,344 12,292 12,074 Oct 31, 13 Last 5 Years ,889 14,787 14,176 Jun 25, 10 Since Inception ,777 19,002 17,345 greater than 1 year period are compounded annualized (CAGR). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Classification by Rating Class Sovereign 1.32 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa Net Current Assets 3.67 Intouch mutually October

44 HDFC Low Duration Fund [An open ended low duration debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 6 months and 12 months (Refer page 2 for definition of Macaulay Duration)] To generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Low Duration Fund l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years November 18, 1999 NAV (As on OCTOBER 31, 2018)^^ NAV per Unit (`) Retail Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option Wholesale Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option As on October 31, 2018 Average for Month of October, , , Average Maturity * 277 days Macaulay Duration * 257 days Modified Duration * 230 days Yield to Maturity * 8.71% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 1.03% Direct: 0.43% l #BENCHMARK INDEX: CRISIL Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Retail Option: Each Plan offers Growth and Dividend Option. Dividend Option offers Daily Dividend Option with Reinvestment facility only and Weekly and Monthly Dividend Option with Payout and Reinvestment facility. l Minimum Application Amount Retail Option : Growth, Weekly and Monthly Dividend Option: Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Daily Dividend Option : Purchase : ` 10,000 and any amount thereafter. Purchase : ` 5,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). ^^ Calculated on all calendar days. income over short term. to generate income / capital appreciation through investment in debt securities and money market instruments Investors understand that their principal will be at moderately low risk Issuer Rating % to NAV Debt & Debt Related Government Securities 8.39 SDL 2019 Sovereign SDL 2019 Sovereign SDL 2027 Sovereign GOI 2022 Sovereign GOI 2027 Sub Total 2.76 Money Market Instruments CD/CP Indiabulls Housing Finance Ltd. CRISIL - A Axis Bank Ltd. CRISIL - A ICICI Bank Ltd. ICRA - A Sub Total 7.87 Credit Exposure Small Industries Development Bank of India CARE - AAA 9.54 Power Finance Corporation Ltd. CRISIL - AAA 8.03 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 7.51 Housing Development Finance Corporation Ltd. CRISIL - AAA 7.28 National Bank for Agriculture & Rural Development CRISIL - AAA 6.55 Rural Electrification Corporation Ltd. CRISIL - AAA 5.23 Tata Capital Financial Services Ltd. CRISIL - AA+ / ICRA - AAA 3.57 Power Grid Corporation of India Ltd. CRISIL - AAA 3.17 Indian Railway Finance Corporation Ltd. CARE - AAA / CRISIL - AAA 3.05 Union Bank of India FITCH - AA ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 2.10 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.90 Petronet LNG Ltd. CRISIL - AAA 1.85 Syndicate Bank CARE - AA Canara Bank CRISIL - AA 1.77 Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 1.66 State Bank of India CRISIL - AA L&T Finance Ltd. CARE - AAA / ICRA - AAA 1.57 Punjab National Bank CARE - A Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. & erstwhile Lafarge India Ltd.) CRISIL - AA 1.47 Classification by Asset Class G-Sec, SDL 2.76 CD/CP 7.87 Credit Exposure Net Current Assets 4.85 Performance^ - Regular Plan - Growth Option (`) Oct 31, 17 Last 1 Year ,542 10,732 10,611 Oct 30, 15 Last 3 Years ,242 12,328 12,074 Oct 31, 13 Last 5 Years ,338 14,603 14,176 Nov 18, 99 Since Inception 7.25 N.A ,733 N.A. 32,659 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Issuer Rating % to NAV Samvardhana Motherson International Ltd. (Secured with shares of Motherson Sumi Systems Ltd) ICRA - AA Kotak Mahindra Prime Ltd. CRISIL - AAA 1.05 Shriram Transport Finance Company Ltd. FITCH - AA Axis Bank Ltd. CRISIL - AA Raviraj Viniyog Pvt. Ltd.(Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.92 KKR India Financial Services Pvt Ltd. CRISIL - AA Sundaram Finance Ltd. ICRA - AAA 0.79 Emami Infrastructure Limited (Secured with shares of Emami Ltd.) BRICKWORKS - AA-(SO) 0.56 Aditya Birla Finance Ltd. ICRA - AAA 0.53 Vedanta Ltd. CRISIL - AA 0.51 Adani Transmission Ltd. FITCH - AA Larsen & Toubro Ltd. CRISIL - AAA 0.37 Reliance Jio Infocomm Ltd. CRISIL - AAA 0.31 Export - Import Bank of India CRISIL - AAA 0.27 Bajaj Finance Ltd. FITCH - AAA 0.26 Cholamandalam Investment and Finance Company Ltd. ICRA - AA Tata Steel Ltd. CARE - AA 0.22 Shreyas Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Mihir Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Enerstar Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Pratyash Renewable Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Elena Renewable Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Aarish Solar Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Aashman Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Zuvan Energy Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Divyesh Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 SEI Baskara Power Pvt Ltd. (Greenko) CARE - AA-(SO) 0.05 Sub Total Cash, Cash Equivalents and Net Current Assets 4.85 Top Ten Holdings, less than 0.01% Outstanding exposure in derivative instruments Interest Rate Swap (` in Crore) Classification by Rating Class Sovereign 2.76 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa A+ & Below 1.48 Net Current Assets October 2018 Intouch mutually

45 HDFC Money Market Fund (An open-ended debt scheme investing in money market instruments) To generate income / capital appreciation by investing in money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Money Market Fund l Fund Manager Anil Bamboli (since July 25, 12) Total Experience: Over 23 years November 18, 1999 Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, Regular Plan - Weekly Dividend Option 1, Direct Plan - Growth Option 3, Direct Plan - Daily Dividend Reinvestment Option 1, Direct Plan - Weekly Dividend Option 1, As on October 31, , Average for Month of October, , Average Maturity * 59 days Macaulay Duration * 58 days Modified Duration * 51 days Yield to Maturity * 7.61% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.35% Direct: 0.15% l #BENCHMARK INDEX: CRISIL Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Each Plan offers Growth and Daily Dividend Option (with Reinvestment facility only). Weekly Dividend Option (with Payout and Reinvestment facility). l Minimum Application Amount Purchase : Under Growth Option and Weekly Dividend Option : ` 5,000 and any amount thereafter. Under Daily Dividend Option : ` 10,000 and any amount thereafter Purchase : Under Growth Option and Weekly Dividend Option : ` 1,000 and any amount thereafter. Under Daily Dividend Option : ` 5,000 and any amount thereafter l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). Issuer Rating % to NAV Debt & Debt Related Money Market Instruments CD/CP LIC Housing Finance Ltd. CRISIL - A1+ / ICRA - A Housing and Urban Development Corporation Ltd. FITCH - A Reliance Jio Infocomm Ltd. CARE - A1+ / CRISIL - A Axis Bank Ltd. CRISIL - A ICICI Bank Ltd. CRISIL - A1+ / ICRA - A Indusind Bank Ltd. CRISIL - A National Bank for Agriculture & Rural Development CRISIL - A Bajaj Finance Ltd. CRISIL - A Hindustan Zinc Ltd. CRISIL - A Reliance Retail Ltd. CARE - A Fullerton India Credit Company Ltd. ICRA - A Adani Transmission Ltd. FITCH - A Tata Capital Financial Services Ltd. ICRA - A Muthoot Finance Ltd. CRISIL - A GIC Housing Finance Ltd. ICRA - A L&T Finance Ltd. CARE - A Classification by Asset Class CD/CP Cash, Cash Equivalents and Net Current Assets 9.63 Issuer Rating % to NAV Mahindra & Mahindra Financial Services Ltd. CRISIL - A1+ / FITCH - A UPL Ltd. CRISIL - A Godrej Industries Ltd. CRISIL - A Tata Housing Development Company Ltd. FITCH - A Hero Fincorp Ltd. CRISIL - A Reliance Industries Ltd. ICRA - A Standard Chartered Investments and Loans (India) Ltd. CRISIL - A Mahindra Rural Housing Finance Ltd FITCH - A Small Industries Development Bank of India CARE - A Fedbank Financial Services Ltd. CRISIL - A Hongkong & Shanghai Bank Ltd. FITCH - A Tata Capital Housing Finance Ltd. ICRA - A Adani Ports and Special Economic Zone Ltd. CARE - A Sub Total Cash, Cash Equivalents and Net Current Assets 9.63 Top Ten Holdings Classification by Rating Class AAA/AAA(SO)/A1+/A1+(SO) & Equivalent Cash, Cash Equivalents and Net Current Assets 9.63 income over short term to generate income / capital appreciation by investing in money market instruments Investors understand that their principal will be at moderately low risk Performance^ - Regular Plan - Growth Option $$ (`) Oct 31, 17 Last 1 Year ,702 10,732 10,611 Oct 30, 15 Last 3 Years ,272 12,328 12,074 Oct 31, 13 Last 5 Years ,533 14,603 14,176 Nov 18, 99 Since Inception 7.24 N.A ,633 N.A. 32,659 greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (exdividend NAV). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

46 HDFC Floating Rate Debt Fund [(An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives)] To generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Floater Fund l Fund Manager Shobhit Mehrotra (since February 16, 04) Total Experience: Over 25 years January 16, 2003 Retail Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Wholesale Option Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 279 days Macaulay Duration * 277 days Modified Duration * 252 days Yield to Maturity * 8.75% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.38% Direct: 0.23% l #BENCHMARK INDEX: Crisil Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option offers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). l Minimum Application Amount Purchase : ` 10 lakh and any amount thereafter. Purchase : ` 1 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over short term to generate income / capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments Issuer Rating % to NAV Debt & Debt Related Government Securities 8.39 SDL 2019 Sovereign SDL 2019 Sovereign SDL 2019 Sovereign GOI 2023 Sovereign SDL 2027 Sovereign SDL 2022 Sovereign SDL 2027 Sovereign 0.01 Sub Total 3.80 Money Market Instruments CD/CP Axis Bank Ltd. CRISIL - A ICICI Bank Ltd. CRISIL - A1+ / ICRA - A Indiabulls Housing Finance Ltd. CRISIL - A Indusind Bank Ltd. CRISIL - A Steel Authority of India Ltd. FITCH - A National Bank for Agriculture & Rural Development CRISIL - A Au Small Finance Bank Ltd. CRISIL - A Small Industries Development Bank of India CARE - A1+ / ICRA - A Reliance Industries Ltd. ICRA - A Reliance Jio Infocomm Ltd. CRISIL - A Adani Transmission Ltd. FITCH - A Sub Total Credit Exposure ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 9.85 Shriram City Union Finance Ltd. CARE - AA Housing Development Finance Corporation Ltd. CRISIL - AAA 4.85 Shriram Transport Finance Company Ltd. FITCH - AA Power Finance Corporation Ltd. CRISIL - AAA 3.23 Union Bank of India FITCH - AA Syndicate Bank CARE - AA Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 2.12 Classification by Asset Class G-Sec, SDL, T-bills 3.80 CD/CP Credit Exposure Net Current Assets 3.36 Performance^ - Regular Plan - Growth Option Issuer Rating % to NAV Tata Capital Financial Services Ltd. CRISIL - AA+ / ICRA - AAA 1.94 Indiabulls Housing Finance Ltd. CARE - AAA 1.83 JM Financial Credit Solutions Ltd. ICRA - AA 1.65 Power Grid Corporation of India Ltd. CRISIL - AAA 1.36 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 1.27 State Bank of India CRISIL - AA Cholamandalam Investment and Finance Company Ltd. ICRA - AA L&T Finance Ltd. CARE - AAA 1.11 Canara Bank CRISIL - AA 1.07 HPCL-Mittal Energy Ltd. FITCH - AA 0.90 Axis Bank Ltd. CRISIL - AA Gujarat Road and Infra Co Ltd. CARE - AAA(SO) 0.70 Tata Power Company Ltd. ICRA - AA Bharti Airtel Ltd. CRISIL - AA Fullerton India Credit Company Ltd. CARE - AAA 0.40 Hero Fincorp Ltd. ICRA - AA ONGC Mangalore Petrochemicals Ltd. FITCH - AAA 0.28 Indian Railway Finance Corporation Ltd. CRISIL - AAA 0.28 Tata Motors Ltd. ICRA - AA 0.11 Tata Sons Ltd. CRISIL - AAA 0.04 Rural Electrification Corporation Ltd. CRISIL - AAA 0.01 Sub Total Cash, Cash Equivalents and Net Current Assets 3.36 Top Ten Holdings, Co-sponsor Outstanding exposure in derivative instruments Interest Rate Swap (` in Crore) 1, Classification by Rating Class Sovereign 3.80 AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa Net Current Assets 3.36 (`) Oct 31, 17 Last 1 Year ,619 10,732 10,611 Oct 30, 15 Last 3 Years ,434 12,328 12,074 Oct 31, 13 Last 5 Years ,852 14,603 14,176 Oct 23, 07 Since Inception ,753 22,279 19,802 greater than 1 year period are compounded annualized (CAGR). Since Inception returns are calculated on ` (allotment Investors understand that their principal will be price). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance at moderately low risk of other schemes managed by Shobhit Mehrotra, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 58. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. 46 October 2018 Intouch mutually

47 HDFC Ultra Short Term Fund [An open ended ultra-short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 months and 6 months (Refer page 2 for definition of Macaulay Duration)] To generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Ultra Short Duration Fund l Fund Manager Anil Bamboli (since September 25, 18) Total Experience: Over 23 years September 25, 2018 Regular Plan - Growth Option Regular Plan - Daily Dividend Reinvestment Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Option Direct Plan - Daily Dividend Reinvestment Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option As on October 31, , Average for Month of October, , Average Maturity * 123 days Macaulay Duration * 123 days Modified Duration * 102 days Yield to Maturity * 8.14% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.60% Direct: 0.25% l #BENCHMARK INDEX: CRISIL Ultra Short Term Debt Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option offers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). l Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). income over short term income/capital appreciation through investment in debt securities and money market instruments Issuer Rating % to NAV Debt & Debt Related Money Market Instruments CD/CP Rural Electrification Corporation Ltd. CARE - A National Bank for Agriculture & Rural Development CRISIL - A Axis Bank Ltd. CRISIL - A Reliance Industries Ltd. CRISIL - A Indusind Bank Ltd. CRISIL - A PNB Housing Finance Ltd. CRISIL - A Hindustan Zinc Ltd. CRISIL - A Mahindra Rural Housing Finance Ltd FITCH - A Export - Import Bank of India ICRA - A Sub Total Credit Exposure Power Finance Corporation Ltd. CRISIL - AAA 6.69 Housing Development Finance Corporation Ltd. CRISIL - AAA 6.41 Small Industries Development Bank of India CARE - AAA 5.85 Classification by Asset Class CD/CP Credit Exposure Net Current Assets 7.94 Issuer Rating % to NAV Kotak Mahindra Prime Ltd. CRISIL - AAA 4.37 Tata Capital Financial Services Ltd. CRISIL - AA Mahindra & Mahindra Financial Services Ltd. FITCH - AAA 4.07 LIC Housing Finance Ltd. CRISIL - AAA 3.22 Sun Pharma Laboratories Ltd. ICRA - AAA 2.93 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) CRISIL - AAA(SO) 2.92 Bajaj Finance Ltd. FITCH - AAA 2.92 National Housing Bank CRISIL - AAA 2.92 Tata Sons Ltd. CRISIL - AAA 1.47 Indian Railway Finance Corporation Ltd. CRISIL - AAA 1.47 UltraTech Cement Ltd. CRISIL - AAA 1.46 Volkswagen Finance Pvt. Ltd. FITCH - AAA 1.46 Sundaram Finance Ltd. ICRA - AAA 1.46 Sub Total Cash, Cash Equivalents and Net Current Assets 7.94 Top Ten Holdings, Co-sponsor Classification by Rating Class AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA Net Current Assets 7.94 Investors understand that their principal will be at moderately low risk Load is not taken into consideration for computation of performance. Face Value per Unit: ` 10 unless otherwise specified, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

48 HDFC Liquid Fund (An Open ended Liquid scheme) To generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Liquid Fund l Fund Manager Anupam Joshi (since October 27, 15) Total Experience: Over 12 years October 17, 2000 NAV (As on OCTOBER 31, 2018)^^ NAV per Unit (`) HDFC Liquid Fund Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, Regular Plan - Weekly Dividend Option 1, Regular Plan - Monthly Dividend Option 1, Direct Plan - Growth Option 3, Direct Plan - Daily Dividend Reinvestment Option 1, Direct Plan - Weekly Dividend Option 1, Direct Plan - Monthly Dividend Option 1, HDFC Liquid Fund - Premium Plan Regular Plan - Growth Option 3, Regular Plan - Daily Dividend Reinvestment Option 1, As on October 31, , Average for Month of October, , Average Maturity * 31 days Macaulay Duration * 29 days Modified Duration * 26 days Yield to Maturity * 7.36% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.25% Direct: 0.15% l #BENCHMARK INDEX: Crisil Liquid Fund Index l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Under both the Plans: Growth & Dividend Option. The Dividend Option offers Daily Dividend Option (Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). l Minimum Application Amount Purchase : Under Growth Option, Weekly Dividend Option and Monthly Dividend Option: ` 5,000 and any amount thereafter. Under Daily Dividend Option: ` 10,000 and any amount thereafter. Purchase : Under Growth Option, Weekly Dividend Option and Monthly Dividend Option: ` 1,000 and any amount thereafter. Under Daily Dividend Option: ` 5,000 and any amount thereafter. l Redemption Proceeds Normally despatched within 1 Business Day. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). ^^Calculated on all calendar days. Issuer Rating % to NAV Debt & Debt Related Government Securities T-bills 91 Days Tbill - ISD Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign DAYS T-BILL - MAT Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign 0.83 DCMB ( Discounted Cash Management Bills) 59 days- Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign Days TBill - Mat Sovereign 0.10 Sub Total Money Market Instruments CD/CP National Bank for Agriculture CRISIL - A1+ / FITCH - & Rural Development A1+ / ICRA - A LIC Housing Finance Ltd. CRISIL - A1+ / ICRA - A Rural Electrification Corporation Ltd. CARE - A Reliance Jio Infocomm Ltd. CARE - A1+ / CRISIL - A Punjab National Bank CARE - A Tata Sons Ltd. CRISIL - A PNB Housing Finance Ltd. CARE - A1+ / CRISIL - A Tata Motors Finance Ltd. ICRA - A Steel Authority of India Ltd. CARE - A1+ / FITCH - A Bajaj Finance Ltd. CRISIL - A Vijaya Bank CRISIL - A Axis Bank Ltd. CRISIL - A1+ / ICRA - A India infoline Finance Ltd. CRISIL - A1+ / ICRA - A L&T Finance Ltd. CARE - A1+ / ICRA - A Indiabulls Housing Finance Ltd. ICRA - A The South Indian Bank Ltd. CARE - A1+ / ICRA - A Hero Fincorp Ltd. CRISIL - A Reliance Retail Ltd. CARE - A Hindustan Zinc Ltd. CRISIL - A Chennai Petroleum Corp Ltd. ICRA - A L&T Finance Holdings Ltd. CARE - A Aditya Birla Finance Ltd. CRISIL - A Vedanta Ltd. CRISIL - A ICICI Bank Ltd. ICRA - A Shriram Transport Finance Company Ltd. CRISIL - A Bajaj Housing Finance Ltd. FITCH - A Tata Capital Housing Finance Ltd. ICRA - A NTPC Ltd. CARE - A Aditya Birla Capital Ltd. ICRA - A Jammu & Kashmir Bank Ltd. CRISIL - A Hinduja Leyland Finance Ltd. CARE - A CanFin Homes Ltd. CARE - A1+ / ICRA - A STCI Finance Ltd. CRISIL - A1+ / ICRA - A Tata Housing Development Company Ltd. CARE - A1+ / FITCH - A Issuer Rating % to NAV TMF Holdings Ltd.(subsidiary of Tata Motors Ltd.) CARE - A1+ / ICRA - A Aditya Birla Housing Finance Ltd. FITCH - A1+ / ICRA - A National Fertilizers Ltd FITCH - A Sun Pharma Laboratories Ltd. ICRA - A GIC Housing Finance Ltd. ICRA - A Motilal Oswal Financial Services Ltd. FITCH - A Manappuram Finance Ltd. CARE - A Adani Ports and Special Economic Zone Ltd. CARE - A1+ / CRISIL - A Reliance Industries Ltd. CRISIL - A IDFC Bank Ltd. CRISIL - A ECL Finance Ltd. ICRA - A Kalpataru Power Transmission Ltd. CARE - A Tata Power Company Ltd. ICRA - A Nirma Ltd. CRISIL - A Indusind Bank Ltd. CRISIL - A Tata Realty and Infrastructure Ltd. ICRA - A Volkswagen Finance Pvt. Ltd. FITCH - A BASF India Ltd. CRISIL - A Magma Fincorp Ltd. CRISIL - A IIFL Wealth Finance Ltd. ICRA - A Tata Motors Finance Solutions Pvt. Ltd. CARE - A TVS Credit Services Ltd ICRA - A Shriram City Union Finance Ltd. ICRA - A HT Media Ltd. ICRA - A Kotak Securities Ltd. CRISIL - A TGS Investment And Trade Pvt Ltd. FITCH - A Mahindra Rural Housing Finance Ltd FITCH - A Hasham Investment and Trading Company Private Limited ICRA - A Aditya Birla Money Limited FITCH - A Infina Finance Pvt. Ltd. CRISIL - A Au Small Finance Bank Ltd. FITCH - A Adani Transmission Ltd. FITCH - A1+ / ICRA - A Power Grid Corporation of India Ltd. ICRA - A Kotak Mahindra Investments Ltd. CRISIL - A Turquoise Investments & Finance Pvt Ltd. CRISIL - A Chambal Fertilizers & Chemicals Ltd. CRISIL - A APL Apollo Tubes Ltd. ICRA - A Tata Projects Ltd. FITCH - A Trapti Trading & Investments Pvt Ltd. FITCH - A Bajaj Electricals Ltd. ICRA - A Shriram Housing Finance Ltd. CARE - A Birla TMT Holdings Pvt. Ltd. CARE - A Haldia Energy Ltd. ICRA - A JM Financial Ltd. CARE - A Fedbank Financial Services Ltd. CRISIL - A Magma Housing Finance CRISIL - A L&T Infrastructure Finance Company Ltd. CRISIL - A JM Financial Products Ltd. ICRA - A JM Financial Services Ltd. CARE - A Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. 48 October 2018 Intouch mutually

49 HDFC Liquid Fund (An Open ended Liquid scheme)...contd from previous page Classification by Asset Class T-bills CD/CP Credit Exposure 5.00 Cash, Cash Equivalents and Net Current Assets Classification by Rating Class Sovereign AAA/AAA(SO)/A1+/ A1+(S0) & Equivalent AA AA/aa Net Current Assets Issuer Rating % to NAV Fullerton India Credit Company Ltd. ICRA - A Standard Chartered Investments and Loans (India) Ltd. CRISIL - A Mahindra & Mahindra Financial Services Ltd. FITCH - A Housing and Urban Development Corporation Ltd. FITCH - A Tube Investments of India Ltd. ICRA - A Sundaram BNP Paribas Home Finance Ltd. CRISIL - A Cholamandalam Investment and Finance Company Ltd. CRISIL - A L&T Housing Finance Ltd. CRISIL - A Power Finance Corporation Ltd. CRISIL - A Sub Total Credit Exposure Housing Development Finance Corporation Ltd. CRISIL - AAA / ICRA - AAA(SO) 2.58 LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 0.78 Rural Electrification Corporation Ltd. CRISIL - AAA 0.64 Issuer Rating % to NAV Export - Import Bank of India CRISIL - AAA 0.32 Tata Capital Financial Services Ltd. ICRA - AAA 0.14 National Housing Bank CRISIL - AAA 0.14 UltraTech Cement Ltd. CRISIL - AAA 0.08 HDB Financial Services Ltd. CARE - AAA 0.07 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.07 Aditya Birla Finance Ltd. ICRA - AA Larsen & Toubro Ltd. CRISIL - AAA 0.04 Sundaram Finance Ltd. ICRA - AAA 0.04 Tata Steel Ltd. CARE - AA 0.03 Sub Total 5.00 Cash, Cash Equivalents and Net Current Assets Top Ten Holdings, Co-sponsor regular income over short term to generate income through a portfolio comprising money market and debt instruments Investors understand that their principal will be at low risk Performance^ - Regular Plan - Growth Option (`) Oct 24, 18 Last 7 days ,014 10,014 10,015 Oct 16, 18 Last 15 days ,029 10,030 10,038 Sep 30, 18 Last 1 Month ,061 10,064 10,094 Oct 31, 17 Last 1 Year ,700 10,732 10,611 Oct 30, 15 Last 3 Years ,293 12,328 12,074 Oct 31, 13 Last 5 Years ,570 14,603 14,176 Oct 17, 00 Since Inception 7.27 N.A ,519 N.A. 30,348 less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available. Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 60. Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of October 31, 2018 unless otherwise specified. Intouch mutually October

50 HDFC Overnight Fund (An open ended debt scheme investing in overnight securities) To generate returns by investing in debt and money market instruments with overnight maturity. There is no assurance that the investment objective of the will be realized. l CATEGORY OF SCHEME: Overnight Fund l Fund Manager Anil Bamboli (since July 25, 12) Total Experience: Over 23 years February 06, 2002 Regular Plan - Growth Option 2, Regular Plan - Daily Dividend Reinvestment Option 1, Direct Plan - Growth Option 2, Direct Plan - Daily Dividend Reinvestment Option 1, As on October 31, , Average for Month of October, , Average Maturity * 1 day Macaulay Duration * 1 day Modified Duration * 1 day Yield to Maturity * 6.42% * Computed on the invested amount. Including Expenses and Goods and Service Tax Regular: 0.25% Direct: 0.15% l #BENCHMARK INDEX: CRISIL Overnight Index (w.e.f October 28, 2018) l ##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index Nil Regular Plan, Direct Plan. Each Plan offers Growth and Daily Dividend Option (with Reinvestment facility only). l Minimum Application Amount Purchase : Under Growth Option and Weekly Dividend Option : ` 5,000 and any amount thereafter. Under Daily Dividend Option : ` 10,000 and any amount thereafter Purchase : Under Growth Option and Weekly Dividend Option : ` 1,000 and any amount thereafter. Under Daily Dividend Option : ` 5,000 and any amount thereafter l Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience - Over 14 years). regular income over short term that may be in line with the overnight call rates to generate returns by investing in debt and money market instruments with overnight maturity Issuer Rating % to NAV Cash, Cash Equivalents and Net Current Assets Classification by Asset Class Cash, Cash Equivalents and Net Current Assets Performance^ - Regular Plan - Growth Option $$ Classification by Rating Class Cash, Cash Equivalents and Net Current Assets (`) Oct 24, 18 Last 7 days ,012 10,011 10,015 Oct 16, 18 Last 15 days ,025 10,025 10,038 Sep 30, 18 Last 1 Month ,052 10,052 10,094 Oct 31, 17 Last 1 Year ,604 10,603 10,611 Oct 30, 15 Last 3 Years ,968 11,993 12,074 Oct 31, 13 Last 5 Years ,918 14,012 14,176 Feb 06, 02 Since Inception 6.21 N.A ,416 N.A. 26,455 less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available. $$ All dividends declared prior to the splitting of the into Dividend & Growth Options are assumed to be reinvested in the units of the at the then prevailing NAV (ex-dividend NAV). Performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 51. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Investors understand that their principal will be at low risk Face Value per Unit: ` 1,000, Data is as of October 31, 2018 unless otherwise specified. 50 October 2018 Intouch mutually

51 Performance details of s managed by respective Fund Managers Sr. No. Name of the Fund Manager Funds Managed Page no. 1 Mr. Prashant Jain HDFC Equity Fund 05 HDFC Top 100 Fund 07 HDFC Balanced Advantage Fund HDFC Hybrid Debt Fund (Co-managed scheme) Mr. Vinay Kulkarni HDFC Focused 30 Fund 11 HDFC Growth Opportunities Fund 10 HDFC TaxSaver 23 HDFC Equity Savings Fund (Co-managed scheme) Mr. Srinivas Rao Ravuri HDFC Infrastructure Fund 12 4 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 08 HDFC Small Cap Fund 09 HDFC Long Term Advantage Fund 52 HDFC Hybrid Equity Fund HDFC Children s Gift Fund HDFC Multi-Asset Fund (Co-managed scheme) HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 26 HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 27 HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 28 5 Mr. Miten Lathia HDFC Capital Builder Value Fund 06 HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 56 6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund HDFC Multi-Asset Fund (Co-managed scheme) HDFC Index Fund - Sensex Plan 22 HDFC Index Fund - NIFTY 50 Plan 20 HDFC Sensex ETF 21 HDFC NIFTY 50 ETF 19 HDFC Gold Exchange Traded Fund 55 HDFC Gold Fund 55 HDFC Equity Savings Fund (Co-managed scheme) Mr. Shobhit Mehrotra HDFC Income Fund 41 HDFC Medium Term Debt Fund 42 HDFC Floating Rate Debt Fund 46 HDFC Credit Risk Debt Fund HDFC Hybrid Debt Fund (Co-managed scheme) HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 26 HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 27 HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 28 Close ended schemes Mr. Anil Bamboli HDFC Dynamic Debt Fund 40 HDFC Short Term Debt Fund 43 HDFC Gilt Fund 39 HDFC Money Market Fund 45 HDFC Ultra Short Term Fund 47 HDFC Overnight Fund 49 HDFC Banking and PSU Debt Fund 38 HDFC Equity Savings Fund (Co-managed scheme) HDFC Multi-Asset Fund (Co-managed scheme) HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 56 Close ended schemes Co-managed schemes 56 9 Mr. Anupam Joshi HDFC Liquid Fund HDFC Corporate Bond Fund 35 HDFC Low Duration Fund 44 Close ended schemes For performance details of Direct Plan, refer page Exit Load : (i) No exit load shall be levied for switching between Options under the same Plan within a. (ii) Switch of investments to Direct Plan within the same shall be subject to applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not be subject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same. However, any subsequent switch-out or redemption of such investment from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a having separate portfolios, will be subject to applicable exit load. (v) No exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment. (vi) In case of Systematic Transactions such as, G, Flex, STP, Flex STP, Swing STP, Flexindex; Exit Load, if any, prevailing on the date of registration / enrolment shall be levied. Tax Benefits / Consequences : The Dividend Distribution Tax on distribution of income by equity oriented fund to all the investors shall be payable at the rate of %* and on distribution of income by other than equity oriented fund to an individual / HUF shall be payable at the rate of 29.12%* and at the rate of %* on distribution of income to any other investor. Such income distributed by the (s) is free from Income tax in the hands of Investors. Units of the (s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities Transaction Tax (STT) at the rate of 0.001% at the time of redemption / switch-out of units of an equity-oriented fund. * including applicable surcharge, health and education cess. Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his / her own professional tax advisor. Intouch mutually October

52 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) Srinivas Rao Ravuri HDFC EOF - II D May 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,706 9,683 10,191 Jun 15, 17 Since Inception ,157 10,614 11,066 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Srinivas Rao Ravuri since inception. HDFC EOF - II D June 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,706 9,683 10,191 Jul 17, 17 Since Inception ,849 10,268 10,654 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Srinivas Rao Ravuri since inception. CHIRAG SETALVAD HDFC LONG TERM ADVANTAGE FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,676 10,491 10,191 Oct 30, 15 Last 3 Years ,126 13,436 13,396 Oct 31, 13 Last 5 Years ,653 17,430 17,546 Jan 02, 01 Since Inception , , ,492 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Chirag Setalvad since April 02, SHOBHIT MEHROTRA HDFC FMP 3360D MARCH 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,304 10,174 9,953 Oct 30, 15 Last 3 Years ,473 12,179 11,726 Mar 26, 14 Since Inception ,301 14,672 13,979 # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1105D December 2015 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,671 10,174 10,611 Dec 30, 15 Since Inception ,385 12,104 11,937 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1183D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,643 10,174 10,611 Jan 12, 16 Since Inception ,338 12,062 11,913 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1176D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,652 10,174 10,611 Jan 19, 16 Since Inception ,308 12,074 11,897 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1167D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,652 10,174 10,611 Jan 28, 16 Since Inception ,284 12,054 11,880 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1155D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,658 10,174 10,611 Feb 09, 16 Since Inception ,285 12,058 11,858 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1168D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,774 10,174 10,611 Feb 03, 16 Since Inception ,933 12,074 11,871 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1148D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,631 10,174 10,611 Feb 18, 16 Since Inception ,248 12,070 11,840 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1161D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,779 10,174 10,611 Feb 25, 16 Since Inception ,835 12,139 11,825 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1148D February 2016 (2) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,849 10,174 10,611 Mar 04, 16 Since Inception ,753 12,001 11,796 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 52 October 2018 Intouch mutually

53 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) SHOBHIT MEHROTRA...CONTINUED HDFC FMP 1132D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,650 10,174 10,611 Mar 03, 16 Since Inception ,242 12,010 11,798 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1140D March 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,812 10,174 10,611 Mar 17, 16 Since Inception ,709 11,898 11,768 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1114D March 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,643 10,174 10,611 Mar 22, 16 Since Inception ,117 11,858 11,758 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1213D MARCH 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,511 10,174 10,611 Mar 23, 17 Since Inception ,107 10,700 10,964 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1188D MARCH 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,527 10,174 10,611 Mar 30, 17 Since Inception ,130 10,639 10,955 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1172d April 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,440 10,174 10,611 Apr 11, 17 Since Inception ,918 10,652 10,939 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1165d April 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,443 10,174 10,611 Apr 18, 17 Since Inception ,906 10,619 10,941 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1166D May 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,552 10,174 10,611 May 09, 17 Since Inception ,043 10,607 10,917 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1136D June 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,569 10,174 10,611 Jun 08, 17 Since Inception ,937 10,368 10,858 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1430D JuLY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,375 10,174 10,611 Aug 01, 17 Since Inception ,527 10,234 10,758 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC CHARITY FUND FOR CANCER CURE - DEBT PLAN^ ANIL BAMBOLI NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,502 10,469 10,611 Mar 27, 17 Since Inception ,053 10,918 10,958 # CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Debt Plan - Regular Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC FMP 1846D AUGUST 2013 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,480 10,174 10,611 Oct 30, 15 Last 3 Years ,094 12,179 12,074 Oct 31, 13 Last 5 Years ,694 15,098 14,176 Aug 14, 13 Since Inception ,256 15,571 14,517 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1175D JANUARY 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,680 10,174 10,611 Oct 30, 15 Last 3 Years ,489 12,179 12,074 Feb 05, 14 Since Inception ,256 14,862 13,939 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

54 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 370D MARCH 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,485 10,469 10,611 Oct 30, 15 Last 3 Years ,224 12,292 12,074 Mar 05, 14 Since Inception ,210 14,387 13,855 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 793D FEBRUARY 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,486 10,469 10,611 Oct 30, 15 Last 3 Years ,164 12,292 12,074 Feb 26, 14 Since Inception ,570 14,418 13,872 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D November 2015 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,682 10,174 10,611 Dec 03, 15 Since Inception ,413 12,126 11,996 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,726 10,174 10,611 Sep 15, 16 Since Inception ,878 11,077 11,350 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1309D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,521 10,174 10,611 Sep 20, 16 Since Inception ,726 11,069 11,339 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1302D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,512 10,174 10,611 Sep 28, 16 Since Inception ,708 10,974 11,318 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1218D DECEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) HDFC FMP 1199D JANUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,513 10,174 10,611 Jan 31, 17 Since Inception ,138 10,589 11,060 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1150D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,493 10,174 10,611 Feb 22, 17 Since Inception ,058 10,804 11,027 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1155D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,480 10,174 10,611 Feb 16, 17 Since Inception ,044 10,766 11,042 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1178D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,526 10,174 10,611 Feb 22, 17 Since Inception ,244 10,804 11,027 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1169D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,471 10,174 10,611 Feb 03, 17 Since Inception ,000 10,574 11,051 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1170D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,506 10,174 10,611 Mar 01, 17 Since Inception ,213 10,796 11,016 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Oct 31, 17 Last 1 Year ,547 10,174 10,611 Jan 12, 17 Since Inception ,257 10,602 11,090 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 54 October 2018 Intouch mutually

55 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) HDFC GOLD EXCHANGE TRADED FUND* KRISHAN KUMAR DAGA NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,768 10,893 Oct 30, 15 Last 3 Years ,595 11,991 Oct 31, 13 Last 5 Years ,376 10,954 Aug 13, 10 Since Inception ,229 17,268 # Domestic Price of Physical Gold. Since inception returns are calculated on ` (allotment price) * The does not offer any Plans/Options. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC GOLD FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,739 10,893 Oct 30, 15 Last 3 Years ,488 11,991 Oct 31, 13 Last 5 Years ,679 10,954 Nov 01, 11 Since Inception ,421 11,767 # Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC CHARITY FUND FOR CANCER CURE - ARBITRAGE PLAN^ NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,304 10,490 10,191 Mar 27, 17 Since Inception ,715 10,762 11,755 # NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Arbitrage Plan - Regular Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). ANUPAM JOSHI HDFC FMP 1120D MARCH 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,656 10,174 10,611 Mar 16, 16 Since Inception ,143 11,932 11,771 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1107D MARCH 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,614 10,174 10,611 Mar 29, 16 Since Inception ,101 11,847 11,744 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1190D MARCH 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,796 10,174 10,611 Mar 23, 16 Since Inception ,717 11,857 11,755 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1104D APRIL 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,622 10,174 10,611 Apr 21, 16 Since Inception ,963 11,718 11,672 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D May 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,671 10,174 10,611 May 31, 16 Since Inception ,247 11,636 11,598 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1153D April 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,675 10,174 10,611 May 05, 16 Since Inception ,331 11,686 11,647 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1113D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,604 10,174 10,611 Jun 08, 16 Since Inception ,895 11,621 11,578 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,603 10,174 10,611 Jun 21, 16 Since Inception ,852 11,595 11,550 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1128D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,698 10,174 10,611 Jun 29, 16 Since Inception ,173 11,537 11,530 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1112D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,573 10,174 10,611 Jul 07, 16 Since Inception ,785 11,469 11,508 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

56 SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANUPAM JOSHI...CONTINUED HDFC FMP 1161D July 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,713 10,174 10,611 Jul 27, 16 Since Inception ,015 11,320 11,459 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. CO-MANAGED BY MITEN LATHIA & ANIL BAMBOLI HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,646 10,210 10,191 Oct 30, 15 Last 3 Years ,848 12,985 13,396 Oct 31, 13 Last 5 Years ,352 16,691 17,546 Feb 06, 12 Since Inception ,510 19,703 21,120 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The scheme is co-managed by Mr. Miten Lathia & Mr. Anil Bamboli since June 27, CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC DAF - II D January 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,401 10,425 10,611 Feb 04, 16 Since Inception ,971 12,711 11,869 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D MARCH 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,365 10,425 10,611 Apr 12, 16 Since Inception ,586 12,376 11,694 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D April 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,352 10,425 10,611 May 12, 16 Since Inception ,567 12,246 11,636 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D AUGUST 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,287 10,388 10,611 Sep 12, 16 Since Inception ,105 11,772 11,353 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D OCTOBER 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,256 10,388 10,611 Oct 25, 16 Since Inception ,933 11,711 11,250 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D NOVEMBER 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,253 10,425 10,611 Dec 07, 16 Since Inception ,861 11,615 11,161 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. Performance of close-ended is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 56 October 2018 Intouch mutually

57 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) HDFC EQUITY FUND PRASHANT JAIN NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,814 9,683 10,191 Oct 30, 15 Last 3 Years ,922 13,459 13,396 Oct 31, 13 Last 5 Years ,193 19,297 17,546 Jan 01, 13 Since Inception ,579 19,589 18,792 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC TOP 100 FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,921 10,009 10,491 Oct 30, 15 Last 3 Years ,056 13,511 13,436 Oct 31, 13 Last 5 Years ,643 18,360 17,430 Jan 01, 13 Since Inception ,500 19,445 19,124 # NIFTY 100 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC BALANCED ADVANTAGE FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,733 10,210 10,191 Oct 30, 15 Last 3 Years ,698 12,985 13,396 Oct 31, 13 Last 5 Years ,502 16,691 17,546 Jan 01, 13 Since Inception ,350 17,692 18,792 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. Refer to note on performance disclosure on Page no. 13. HDFC Focused 30 Fund VINAY KULKARNI NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,057 9,683 10,491 Oct 30, 15 Last 3 Years ,673 13,459 13,436 Oct 31, 13 Last 5 Years ,012 19,297 17,430 Jan 01, 13 Since Inception ,955 19,589 19,124 # NIFTY 500 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC Growth Opportunities Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,564 9,561 10,491 Oct 30, 15 Last 3 Years ,381 13,900 13,436 Oct 31, 13 Last 5 Years ,714 22,378 17,430 Jan 01, 13 Since Inception ,948 21,844 19,124 # NIFTY Large Midcap 250 (Total Index) ## S&P BSE SENSEX (Total Index). The, formerly a large cap fund, has undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a Large and Mid-cap Fund. Accordingly, the s benchmark has also changed. Hence, the past performance of the may not strictly be comparable with that of the new benchmark. HDFC TAXSAVER NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,229 9,683 10,191 Oct 30, 15 Last 3 Years ,269 13,459 13,396 Oct 31, 13 Last 5 Years ,746 19,297 17,546 Jan 01, 13 Since Inception ,663 19,589 18,792 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). HDFC MID-CAP OPPORTUNITIES FUND CHIRAG SETALVAD NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,232 8,869 10,191 Oct 30, 15 Last 3 Years ,127 13,436 13,396 Oct 31, 13 Last 5 Years ,366 24,151 17,546 Jan 01, 13 Since Inception ,737 21,454 18,792 # NIFTY Midcap 100 (Total Index) ## NIFTY 50 (Total Index). HDFC SMALL CAP FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,191 7,161 10,191 Oct 30, 15 Last 3 Years ,511 11,637 13,396 Oct 31, 13 Last 5 Years ,197 20,831 17,546 Jan 01, 13 Since Inception ,915 17,208 18,792 # NIFTY Smallcap 100 (Total Index) ## NIFTY 50 (Total Index). HDFC HYBRID EQUITY FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,769 10,210 10,191 Oct 30, 15 Last 3 Years ,557 12,985 13,396 Oct 31, 13 Last 5 Years ,975 16,691 17,546 Jan 01, 13 Since Inception ,301 17,692 18,792 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). Refer to note on performance disclosure on Page no. 15. HDFC CHILDREN S GIFT FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,992 10,210 10,191 Oct 30, 15 Last 3 Years ,833 12,985 13,396 Oct 31, 13 Last 5 Years ,746 16,691 17,546 Jan 01, 13 Since Inception ,184 17,692 18,792 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of balanced nature of the scheme where a portion of scheme s investments are made in debt instruments. HDFC LONG TERM ADVANTAGE FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,742 10,491 10,191 Oct 30, 15 Last 3 Years ,413 13,436 13,396 Oct 31, 13 Last 5 Years ,286 17,430 17,546 Jan 01, 13 Since Inception ,687 19,124 18,792 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

58 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) SRINIVAS RAO RAVURI HDFC EOF - II D May 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,844 9,683 10,191 Jun 15, 17 Since Inception ,370 10,614 11,066 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Srinivas Rao Ravuri since inception. HDFC EOF - II D June 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,888 9,683 10,191 Jul 17, 17 Since Inception ,087 10,268 10,654 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). The scheme is managed by Mr. Srinivas Rao Ravuri since inception. HDFC INFRASTRUCTURE FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,108 9,683 10,191 Oct 30, 15 Last 3 Years ,977 13,459 13,396 Oct 31, 13 Last 5 Years ,366 19,297 17,546 Jan 01, 13 Since Inception ,305 19,589 18,792 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). SHOBHIT MEHROTRA HDFC INCOME FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,036 10,174 9,953 Oct 30, 15 Last 3 Years ,921 12,179 11,726 Oct 31, 13 Last 5 Years ,905 15,098 14,018 Jan 01, 13 Since Inception ,234 15,568 14,152 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. HDFC Medium Term Debt Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,440 10,469 10,611 Oct 30, 15 Last 3 Years ,495 12,292 12,074 Oct 31, 13 Last 5 Years ,183 14,787 14,176 Jan 01, 13 Since Inception ,081 15,798 14,843 # crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC Floating Rate Debt Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,635 10,732 10,611 Oct 30, 15 Last 3 Years ,481 12,328 12,074 Oct 31, 13 Last 5 Years ,928 14,603 14,176 Jan 01, 13 Since Inception ,040 15,690 14,843 # crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. HDFC Credit Risk Debt Fund NAV as on Oct 31, 2018 ` (`) 58 October 2018 Intouch mutually Oct 31, 17 Last 1 Year ,391 10,469 9,953 Oct 30, 15 Last 3 Years ,709 12,292 11,726 Mar 25, 14 Since Inception ,251 14,270 13,986 # crisil Short Term Bond Fund Index ## Crisil 10 year Gilt Index. Refer to note on performance disclosure on Page no. 36. HDFC FMP 3360D MARCH 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,314 10,174 9,953 Oct 30, 15 Last 3 Years ,511 12,179 11,726 Mar 26, 14 Since Inception ,363 14,672 13,979 # Crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception. HDFC FMP 1105D December 2015 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,677 10,174 10,611 Dec 30, 15 Since Inception ,502 12,104 11,937 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1183D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,649 10,174 10,611 Jan 12, 16 Since Inception ,460 12,062 11,913 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1176D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,658 10,174 10,611 Jan 19, 16 Since Inception ,433 12,074 11,897 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1167D January 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,658 10,174 10,611 Jan 28, 16 Since Inception ,428 12,054 11,880 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1155D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,663 10,174 10,611 Feb 09, 16 Since Inception ,408 12,058 11,858 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available

59 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) SHOBHIT MEHROTRA...CONTINUED HDFC FMP 1168D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,779 10,174 10,611 Feb 03, 16 Since Inception ,952 12,074 11,871 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1148D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,636 10,174 10,611 Feb 18, 16 Since Inception ,369 12,070 11,840 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1161D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,849 10,174 10,611 Feb 25, 16 Since Inception ,054 12,139 11,825 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1148D February 2016 (2) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,881 10,174 10,611 Mar 04, 16 Since Inception ,984 12,001 11,796 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1132D February 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,655 10,174 10,611 Mar 03, 16 Since Inception ,357 12,010 11,798 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1140D March 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,845 10,174 10,611 Mar 17, 16 Since Inception ,938 11,898 11,768 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1114D March 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,649 10,174 10,611 Mar 22, 16 Since Inception ,251 11,858 11,758 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1213D MARCH 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,591 10,174 10,611 Mar 23, 17 Since Inception ,238 10,700 10,964 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1188D MARCH 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,575 10,174 10,611 Mar 30, 17 Since Inception ,208 10,639 10,955 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1172D APRIL 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,471 10,174 10,611 Apr 11, 17 Since Inception ,969 10,652 10,939 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1165D APRIL 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,474 10,174 10,611 Apr 18, 17 Since Inception ,957 10,619 10,941 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1166D May 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,562 10,174 10,611 May 09, 17 Since Inception ,059 10,607 10,917 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC FMP 1430D JULY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,385 10,174 10,611 Aug 01, 17 Since Inception ,540 10,234 10,758 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more HDFC ARBITRAGE FUND - WHOLESALE PLAN KRISHAN KUMAR DAGA NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,623 10,490 10,191 Oct 30, 15 Last 3 Years ,086 11,666 13,396 Apr 07, 14 Since Inception ,649 13,245 16,473 # NIFTY 50 Arbitrage Index ## NIFTY 50 (Total Index). performance is not strictly comparable with that of its since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

60 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) KRISHAN KUMAR DAGA...CONTINUED HDFC INDEX FUND - SENSEX PLAN NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,456 10,491 10,191 Oct 30, 15 Last 3 Years ,356 13,436 13,396 Oct 31, 13 Last 5 Years ,159 17,430 17,546 Jan 01, 13 Since Inception ,801 19,124 18,792 # S&P BSE SENSEX (Total Index) ## NIFTY 50 (Total Index). Refer to note on performance disclosure on Page no. 22. HDFC INDEX FUND - NIFTY 50 PLAN NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,178 10,191 10,491 Oct 30, 15 Last 3 Years ,265 13,396 13,436 Oct 31, 13 Last 5 Years ,319 17,546 17,430 Jan 01, 13 Since Inception ,491 18,792 19,124 # NIFTY 50 (Total Index) ## S&P BSE SENSEX (Total Index). HDFC GOLD FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,788 10,893 Oct 30, 15 Last 3 Years ,647 11,991 Oct 31, 13 Last 5 Years ,879 10,954 Jan 01, 13 Since Inception ,633 10,457 # Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, HDFC CHARITY FUND FOR CANCER CURE - ARBITRAGE PLAN^ NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,304 10,490 10,191 Mar 27, 17 Since Inception ,715 10,762 11,755 # NIFTY 50 Arbitrage Index ## NIFTY 50 Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Arbitrage Plan - Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC LIQUID FUND ANUPAM JOSHI NAV as on Oct 31, 2018 ` (`) Oct 24, 18 Last 7 days ,014 10,014 10,015 Oct 16, 18 Last 15 days ,030 10,030 10,038 Sep 30, 18 Last 1 Month ,062 10,064 10,094 Oct 31, 17 Last 1 Year ,711 10,732 10,611 Oct 30, 15 Last 3 Years ,328 12,328 12,074 Oct 31, 13 Last 5 Years ,627 14,603 14,176 Dec 31, 12 Since Inception ,751 15,693 14,849 less than 1 year period are simple annualized. # crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. HDFC Corporate Bond Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,438 10,174 9,953 Oct 30, 15 Last 3 Years ,442 12,179 11,726 Oct 31, 13 Last 5 Years ,051 15,098 14,018 Jan 01, 13 Since Inception ,980 15,568 14,152 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. Refer to note on performance disclosure on Page no. 35. HDFC Low Duration Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,611 10,732 10,611 Oct 30, 15 Last 3 Years ,500 12,328 12,074 Oct 31, 13 Last 5 Years ,853 14,603 14,176 Jan 01, 13 Since Inception ,945 15,690 14,843 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. HDFC FMP 1120D MARCH 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,661 10,174 10,611 Mar 16, 16 Since Inception ,257 11,932 11,771 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1107D MARCH 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,620 10,174 10,611 Mar 29, 16 Since Inception ,213 11,847 11,744 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1190D March 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,861 10,174 10,611 Mar 23, 16 Since Inception ,915 11,857 11,755 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1104D APRIL 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,627 10,174 10,611 Apr 21, 16 Since Inception ,074 11,718 11,672 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 60 October 2018 Intouch mutually

61 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANUPAM JOSHI...CONTINUED HDFC FMP 1127D May 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,687 10,174 10,611 May 31, 16 Since Inception ,415 11,636 11,598 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1153D April 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,691 10,174 10,611 May 05, 16 Since Inception ,503 11,686 11,647 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1113D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,610 10,174 10,611 Jun 08, 16 Since Inception ,981 11,621 11,578 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1127D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,608 10,174 10,611 Jun 21, 16 Since Inception ,937 11,595 11,550 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1128D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,714 10,174 10,611 Jun 29, 16 Since Inception ,338 11,537 11,530 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1112D June 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,579 10,174 10,611 Jul 07, 16 Since Inception ,870 11,469 11,508 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1161D JuLY 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,729 10,174 10,611 Jul 27, 16 Since Inception ,178 11,320 11,459 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception. HDFC FMP 1136D June 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,579 10,174 10,611 Jun 08, 17 Since Inception ,952 10,368 10,858 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more ANIL BAMBOLI HDFC Dynamic Debt Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,115 10,174 9,953 Oct 30, 15 Last 3 Years ,148 12,179 11,726 Oct 31, 13 Last 5 Years ,270 15,098 14,018 Jan 01, 13 Since Inception ,090 15,568 14,152 # crisil Composite Bond Fund Index ## Crisil 10 year Gilt Index. HDFC Short Term Debt Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,554 10,469 10,611 Oct 30, 15 Last 3 Years ,401 12,292 12,074 Oct 31, 13 Last 5 Years ,005 14,787 14,176 Jan 01, 13 Since Inception ,025 15,798 14,843 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC GILT FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,195 10,186 9,953 Oct 30, 15 Last 3 Years ,258 12,075 11,726 Oct 31, 13 Last 5 Years ,697 15,046 14,018 Jan 01, 13 Since Inception ,866 15,231 14,152 # CRISIL Dynamic Gilt Index ## Crisil 10 year Gilt Index. HDFC BANKING AND PSU DEBT FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,350 10,469 10,611 Oct 30, 15 Last 3 Years ,433 12,292 12,074 Mar 26, 14 Since Inception ,467 14,269 13,771 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. HDFC Money Market Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,723 10,732 10,611 Oct 30, 15 Last 3 Years ,346 12,328 12,074 Oct 31, 13 Last 5 Years ,643 14,603 14,176 Dec 31, 12 Since Inception ,759 15,693 14,849 # Crisil Liquid Fund Index ## Crisil 1 year T-Bill Index. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

62 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC OVERNIGHT FUND NAV as on Oct 31, 2018 ` (`) Oct 24, 18 Last 7 days ,012 10,011 10,015 Oct 16, 18 Last 15 days ,026 10,025 10,038 Sep 30, 18 Last 1 Month ,052 10,052 10,094 Oct 31, 17 Last 1 Year ,610 10,603 10,611 Oct 30, 15 Last 3 Years ,990 11,993 12,074 Oct 31, 13 Last 5 Years ,958 14,012 14,176 Dec 31, 12 Since Inception ,914 14,975 14,849 less than 1 year period are simple annualized. # CRISIL Overnight Index ## Crisil 1 year T-Bill Index. HDFC CHARITY FUND FOR CANCER CURE - DEBT PLAN^ NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,502 10,469 10,611 Mar 27, 17 Since Inception ,053 10,918 10,958 # CRISIL Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. ^ offers Dividend option only. of HDFC Charity Fund for Cancer Cure - Debt Plan - Direct Plan are computed based on NAV of Dividend Option and all dividends (after statutory levy) are assumed to be reinvested in the units of the scheme at the then prevailing NAV (ex-dividend NAV). HDFC FMP 1846D AUGUST 2013 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,514 10,174 10,611 Oct 30, 15 Last 3 Years ,206 12,179 12,074 Oct 31, 13 Last 5 Years ,919 15,098 14,176 Aug 14, 13 Since Inception ,500 15,571 14,517 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1175D JANUARY 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,707 10,174 10,611 Oct 30, 15 Last 3 Years ,573 12,179 12,074 Feb 05, 14 Since Inception ,398 14,862 13,939 # Crisil Short Composite Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 370D MARCH 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,495 10,469 10,611 Oct 30, 15 Last 3 Years ,261 12,292 12,074 Mar 05, 14 Since Inception ,269 14,387 13,855 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 793D FEBRUARY 2014 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,497 10,469 10,611 Oct 30, 15 Last 3 Years ,210 12,292 12,074 Feb 26, 14 Since Inception ,662 14,418 13,872 # Crisil Short Term Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D November 2015 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,687 10,174 10,611 Dec 03, 15 Since Inception ,531 12,126 11,996 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1111D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,731 10,174 10,611 Sep 15, 16 Since Inception ,993 11,077 11,350 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1309D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,570 10,174 10,611 Sep 20, 16 Since Inception ,872 11,069 11,339 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1302D SEPTEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,564 10,174 10,611 Sep 28, 16 Since Inception ,831 10,974 11,318 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1218D DECEMBER 2016 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,571 10,174 10,611 Jan 12, 17 Since Inception ,363 10,602 11,090 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1199D JANUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,549 10,174 10,611 Jan 31, 17 Since Inception ,272 10,589 11,060 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available 62 October 2018 Intouch mutually

63 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) ANIL BAMBOLI...CONTINUED HDFC FMP 1150D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,498 10,174 10,611 Feb 22, 17 Since Inception ,068 10,804 11,027 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1155D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,485 10,174 10,611 Feb 16, 17 Since Inception ,053 10,766 11,042 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1178D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,568 10,174 10,611 Feb 22, 17 Since Inception ,329 10,804 11,027 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1169D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,487 10,174 10,611 Feb 03, 17 Since Inception ,054 10,574 11,051 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. HDFC FMP 1170D FEBRUARY 2017 (1) NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,543 10,174 10,611 Mar 01, 17 Since Inception ,285 10,796 11,016 # Crisil Composite Bond Fund Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anil Bamboli since inception. MITEN LATHIA HDFC Capital Builder Value Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,565 9,683 10,191 Oct 30, 15 Last 3 Years ,993 13,459 13,396 Oct 31, 13 Last 5 Years ,001 19,297 17,546 Jan 01, 13 Since Inception ,184 19,589 18,792 # NIFTY 500 (Total Index) ## NIFTY 50 (Total Index). CO-MANAGED BY PRASHANT JAIN & SHOBHIT MEHROTRA HDFC Hybrid Debt Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,830 10,186 9,953 Oct 30, 15 Last 3 Years ,432 12,263 11,726 Oct 31, 13 Last 5 Years ,722 15,258 14,018 Jan 01, 13 Since Inception ,886 15,890 14,152 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 year Gilt Index. Refer to note on performance disclosure on Page no. 32. CO-MANAGED BY ANIL BAMBOLI & MITEN LATHIA HDFC DYNAMIC PE RATIO FUND OF FUNDS NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,736 10,210 10,191 Oct 30, 15 Last 3 Years ,217 12,985 13,396 Oct 31, 13 Last 5 Years ,036 16,691 17,546 Jan 01, 13 Since Inception ,880 17,692 18,792 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Index). performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in equity instruments. The scheme is managed by Mr. Anil Bamboli & Miten Lathia since June 27, CO-MANAGED BY CHIRAG SETALVAD, ANIL BAMBOLI & KRISHAN KUMAR DAGA HDFC Multi - Asset Fund NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,853 10,283 10,191 Oct 30, 15 Last 3 Years ,071 12,919 13,396 Oct 31, 13 Last 5 Years ,710 16,089 17,546 Jan 01, 13 Since Inception ,241 16,925 18,792 # 90% NIFTY 50 Hybrid Composite Debt 65:35 Index + 10% Domestic Price of Gold ## Nifty 50 (Total Index). The formerly, a debt oriented hybrid fund, has undergone change in Fundamental attributes w.e.f. May 23, 2018 and become a multi asset fund investing in equities, debt and gold. Accordingly, the s benchmark and additional benchmarks have also changed. Hence, the past performance of the since inception till May 22, 2018 may not strictly be comparable with those of the new benchmark and the additional benchmark. performance may not strictly be comparable with that of its in view of hybrid nature of the scheme where a portion of scheme s investments are made in debt instruments and gold. CO-MANAGED BY VINAY KULKARNI, KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC EQUITY SAVINGS FUND NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,294 10,409 10,191 Oct 30, 15 Last 3 Years ,929 12,413 13,396 Oct 31, 13 Last 5 Years ,863 15,256 17,546 Jan 01, 13 Since Inception ,581 16,342 18,792 # 40% NIFTY 50 Arbitrage Index, 30% Crisil Short Term Bond Fund Index and 30% NIFTY 50 (Total Index) ## Nifty 50 (Total Index). performance may not strictly be comparable with that of its, since a portion of scheme s investments are made in equity instruments. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available Intouch mutually October

64 SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE) CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI HDFC DAF - II D JANUARY 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,542 10,425 10,611 Feb 04, 16 Since Inception ,500 12,711 11,869 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D MARCH 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,522 10,425 10,611 Apr 12, 16 Since Inception ,113 12,376 11,694 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - II D April 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,459 10,425 10,611 May 12, 16 Since Inception ,996 12,246 11,636 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D AUGUST 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,421 10,388 10,611 Sep 12, 16 Since Inception ,503 11,772 11,353 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. HDFC DAF - III D OCTOBER 2016 NAV as on Oct 31, 2018 ` (`) HDFC DAF - III D NOVEMBER 2016 NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,423 10,425 10,611 Dec 07, 16 Since Inception ,222 11,615 11,161 # NIFTY 50 Hybrid Short Duration Debt 25:75 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. CO-MANAGED BY CHIRAG SETALVAD & SHOBHIT MEHROTRA HDFC Retirement Savings Fund - Equity plan NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,665 9,683 10,191 Feb 25, 16 Since Inception ,458 15,601 15,489 # Nifty 500 (Total Index) ## Nifty 50 (Total Index). HDFC Retirement Savings Fund - Hybrid Equity plan NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,060 10,210 10,191 Feb 25, 16 Since Inception ,181 14,258 15,489 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## Nifty 50 (Total Index). HDFC Retirement Savings Fund - Hybrid Debt plan NAV as on Oct 31, 2018 ` (`) Oct 31, 17 Last 1 Year ,023 10,186 9,953 Feb 26, 16 Since Inception ,011 12,503 11,632 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## Crisil 10 Year Gilt Index. Oct 31, 17 Last 1 Year ,404 10,388 10,611 Oct 25, 16 Since Inception ,333 11,711 11,250 # NIFTY 50 Hybrid Short Duration Debt 40:60 Index ## Crisil 1 year T-Bill Index. The is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception. Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy-and-hold whereas open-ended schemes are actively managed. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.a.: Not Available PERFORMANCE OF CATEGORY I - FPI PORTFOLIO (MANAGED BY PRASHANT JAIN) Managing Since (As on October 31, 2018) Last 1 year Last 3 years Last 5 years Category I - FPI (managed under a bilateral agreement under March 22, N.A. N.A. Regulation 24(b) and subject to applicable laws) - MSCI India (Total ) 0.31 N.A. N.A. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualised (CAGR). Inception date is March 22, The performance is not comparable with the performance of the aforementioned scheme(s) of HDFC Mutual Fund due to differing investment objective/s and fundamental differences in asset allocation, investment strategy and the regulatory environment. The said disclosure is pursuant to SEBI Circular no. Cir/IMD/DF/7/2012 dated February 28, 2012 pertaining to Regulation 24(b) of SEBI (Mutual Funds) Regulations, FPI - Foreign Investor. 64 October 2018 Intouch mutually

65 Dividend History ^ HDFC Equity Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 17, Mar 23, Mar 22, HDFC Top 100 Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 03, Mar 09, Mar 06, HDFC Capital Builder Value Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Feb 22, HDFC Focused 30 Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Feb 22, HDFC Arbitrage Fund Normal Dividend Option (Past 3 months) Record Date Wholesale Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 23, Sep 21, Oct 19, Monthly Dividend Option (Past 3 months) Record Date Wholesale Plan Wholesale Plan - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 23, Sep 21, Oct 19, HDFC Growth Opportunities Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 18, Feb 23, Mar 01, HDFC Mid-Cap Opportunities Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 23, Mar 23, Mar 01, HDFC Small Cap Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Feb 25, Mar 01, Mar 22, HDFC Hybrid Equity Fund (Past 3 quarters) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, Effective close of business hours of June 1, 2018, HDFC Balanced Fund merged with HDFC Premier Multi Cap Fund (HDFC Hybrid Equity Fund after changes in fundamental attributes). As the portfolio characteristics and the broad investment strategy of HDFC Hybrid Equity Fund is similar to that of erstwhile HDFC Balanced Fund, the track record (i.e. since inception date dividend history, etc) and past performance of erstwhile HDFC Balanced Fund has been considered, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, HDFC Balanced Advantage Fund (Past 3 months) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, Sep 25, Oct 25, HDFC TaxSaver (Past 3 years) Dividend Option (An open-ended equity linked savings scheme with a lock-in period of 3 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 10, Mar 16, Mar 15, HDFC Infrastructure Fund (Past 3 years) Record Date Regular Plan Direct Plan Dividend Option Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 17, Mar 23, Mar 15, HDFC Hybrid Debt Fund Monthly Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, Sep 25, Oct 25, Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, ^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to for Record Date-wise listing of dividends declared. Intouch mutually October

66 Dividend History ^ HDFC Equity Savings Fund (Past 3 quarters) Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, HDFC Multi-Asset Fund (Past 3 years) Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 03, Mar 09, Mar 01, HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, HDFC Dynamic Debt Fund Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, Half-yearly (Dividend Option) (Past 2 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Sep 25, Mar 26, Sep 25, Yearly (Dividend Option) (Past 3 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 28, Mar 27, Mar 26, HDFC Medium Term Debt Fund Normal Dividend Option (Past 3 months) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others May 11, May 25, Jun 12, Jul 10, HDFC Corporate Bond Fund Quarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, HDFC Gilt Fund (Dividend Option) (Past 3 quarters) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 26, Jun 25, Sep 25, HDFC Liquid Fund Monthly Dividend Option (Past 3 months) Record Regular Plan Direct Plan Date Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, Sep 24, Oct 29, HDFC Floating Rate Debt Fund Monthly Dividend Option (Past 3 months) Record Date Wholesale Option Wholesale Option - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, Sep 24, Oct 29, Record Date Retail Option Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others Aug 27, Sep 24, Oct 29, HDFC Low Duration Fund Monthly Dividend Option (Past 3 months) Record Date Retail Option Retail Option - Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Aug 27, Sep 24, Oct 29, Record Date Wholesale Option Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others Aug 27, Sep 24, Oct 29, HDFC Credit Risk Debt Fund Half-yearly Dividend Option (Past 2 years) Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 27, Sep 25, Mar 26, Jun 25, Sep 25, HDFC Ultra Short Term Fund Monthly Dividend Option Record Date Regular Plan Direct Plan Cum Div Dividend per Unit (`) For Cum Div Dividend per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Oct 29, ^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. After payment of the dividend, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to for Record Date-wise listing of dividends declared. 66 October 2018 Intouch mutually

67 Disclaimer: The views expressed herein are based on internal data, publicly available information and other sources believed to be reliable, but involve uncertainties that could cause actual events to differ materially from those expressed or implied in such statements. The document is given for general and information purpose and is neither an investment advice nor an offer to sell nor a solicitation. While due care has been exercised while preparing this document, HDFC Asset Management Company Limited ( HDFC AMC ) does not warrant the completeness or accuracy of the information. Neither HDFC AMC, nor any person connected with it, accepts any liability arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice. HDFC Sensex ETF, HDFC Index Fund - SENSEX Plan ( s ) is based on the S&P BSE SENSEX Index. S&P is a registered trademark of S&P Financial Services Limited (S&P). BSE and SENSEX are registered trademarks of BSE Limited. The s is not sponsored, endorsed marketed or promoted by S&P, BSE or their respective affiliates. Please refer to the Information Document for disclaimers w.r.t. S&P BSE SENSEX Index. For HDFC Nifty 50 ETF & HDFC Index Fund - NIFTY 50 Plan: The of HDFC Mutual Fund (the Product(s) ) are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ( IISL ). IISL does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY Indices to track general stock market performance in India. The relationship of IISL with HDFC Asset Management Company Limited ( the Issuer/Licensee ) is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by IISL without regard to the Issuer /Licensee or the Product(s). IISL does not have any obligation to take the needs of the Issuer/Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY Indices. IISL is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Product(s). IISL is engaged in the business of developing, constructing, compiling, computing and maintaining various equity indices. The relationship of IISL to HDFC AMC is only in respect of the rights granted to use certain trademarks and trade names of the Index in connection with the utilisation of the Index data relating to such Index. The Index is determined, composed and calculated by IISL without regard to HDFC AMC. IISL has no obligation to take the needs of HDFC AMC into consideration in determining, composing or calculating the NIFTY Indices. IISL do not guarantee the accuracy and/or the completeness of NIFTY Indices or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL make no warranty, express or implied, as to results to be obtained by HDFC AMC or any other person or entity from the use of NIFTY Indices or any data included therein. IISL make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any damages or losses arising out of the use of NIFTY Indices or any data included therein by any third party, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it. Visit us at Telephone Services Toll-free number: / WANT TO HAVE THE LATEST INFORMATION ABOUT US? For any query or suggestions:- Investors may contact us at: cliser@hdfcfund.com Distributors may contact us at: broser@hdfcfund.com SMS: HDFCMF to Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Intouch mutually October

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