FACTSHEET 31 MARCH 2015 M U T U A L F U N D

Transcription

1 FACTSHEET 31 MARCH 2015 M U T U A L F U N D

2 Commentary - Equity Outlook 31 March 2015 After touching a lifetime high, markets pared some gains by end of March. Key index CNX Nifty fell 4.65% during the month as union budget failed to enthuse the market. CNX Midcap and BSE Small cap indices did a little better and ended the month with a fall of 0.89% and 3.34%, respectively. Correction was broad based and except Healthcare and Consumer durables, every sector indices ended the month in red. Metal and Realty were the worst performing sectors and fell 10.5% and 8.6%, respectively. Healthcare index, on the other hand, gained handsomely (up 9%). In spite of falling market, India remained a favoured destination for FIIs with net FII inflow of US$1.95bn in the month of March. FIIs have pumped in US$5.9bn into Indian equities since beginning of the year. Domestic Mutual funds also were net buyers and bought ` 3,305 crores worth of equities in March (Domestic MF data as on 30th March 15). After gaining significantly in the month of February, crude oil fell again in March as geo-political tensions subsided and focus was back on the supply glut. As mentioned in our earlier commentaries, Indian economy has gained substantially from crude fall as India is a net importer of crude. Inflation has been trending downward month after month and the trend was maintained last month as well. WPI inflation is firmly in negative zone and came in at -2.1%. CPI inflation at 5.4% hardened marginally compared to 5.2% in the previous month. Reserve Bank of India (RBI) surprised the market and cut the repo rate by 25 bps to 7.50% as the inflation continued to remain benign and economic growth is well below the potential growth. As expected, it boosted sentiment of both the entrepreneurs and the participants of the financial market. However, the transmission of these rate cuts in to effective bank lending rate hasn t happened so far. It is unlikely that reduction in interest rate will lead to repairing of stressed corporate balance sheets as a sustained reduction in debt cost and sustained pick-up in demand will be required for improving the leverage situation corporate India. Notwithstanding governments effort to revive growth in the economy, Industrial activity in the country has remained weak for a while now. Index of Industrial Production (IIP) increased by 2.6% in January 2015, while better than market expectations, it was still below the desired growth rate. A heartening part of the IIP growth was pickup in manufacturing which grew 3.3%. However, need of the hour is a sustained pickup in growth. Government s thrust on capital spending and easing the conditions of doing business would be the key catalyst for revival in investment cycle. On the political front, Government had a productive month and was able to find some headway in Rajya Sabha as well. While the much publicized land bill failed to garner support, government was able to pass three key bills viz. Insurance, Coal and Mines and Minerals regulations. Government was also able to successfully complete telecom spectrum auction last month. The auction saw aggressive bidding by all operators and government was able to sell the spectrum for a total consideration of `1.1 lakh crores which augurs well for plugging the fiscal deficit. Going Forward As mentioned in our earlier commentaries, macro-economic conditions in India have improved substantially over the last couple of years. A much better situation on fiscal and inflation front augurs well for the health of the economy and is likely to catapult India into its next phase of growth and development. Equity market buoyancy over the last one year has primarily been driven by expectation of this strong growth period. However, the situation on the ground has not improved significantly and growth for corporate India continues to remain anemic. Given the large run up in the market, we see limited potential for large capitalization stocks to re-rate further. Earnings growth is likely to be the key driver of stock movement going forward and focus in the coming month will largely be on corporate earnings for the 4th quarter and business outlook as seen by managements of these companies. Our portfolios are driven by underlying fundamentals of the business and we continue to follow the same principles. We continue to invest in companies which have best in industry operating matrix and scalable business model with low/no leverage that we believe will be able to execute well and can participate in the growth story of the country. Equity Markets Index % Change % Change P/E YTD MTD Nifty 8, % -4.62% Sensex 27, % -4.78% Dow Jones 17, % -1.97% Shanghai 3, % 13.22% Nikkei 19, % 2.18% Hang Sang 24, % 0.31% FTSE 6, % -2.50% MSCI E.M. (USD) % -1.59% MSCI D.M.(USD) 1, % -1.81% MSCI India (INR) 1, % -3.08% Currency & Last Price % Change % Change Commodities YTD MTD USD / INR % 1.07% Dollar Index Gold Crude OIL WTI (Nymex) Brent Crude India Macro Analysis Equity Flows Source: Bloomberg, SEBI Latest GDP 5.30 IIP 2.60 Inflation (WPI Monthly) Inflation (CPI Monthly) 5.37 Commodity (CRB Index) FII (USD mln) *DII (USD mln) USD Mn YTD 5, MTD 1, YTD 1, MTD *DII: Domestic Mutual Funds % 3.22% 1, % -2.43% % -4.34% % % 03

3 Commentary - Debt Outlook 31 March 2015 The month started with another pleasant surprise for markets, with the RBI delivering a second successive out of policy rate cut. The surprise was not really in direction but in timing, since the Governor had seemed to indicate in the February policy that he would like to stick to official dates as far as possible. The RBI s comfort with the action sprang from continued disinflation in the new CPI series, the better quality of fiscal consolidation indicated by the government even though fiscal targets themselves were postponed by a year, and disinflationary pressures emerging from the strength of the rupee. With respect to the last of these points, the global trend towards monetary easing was specifically flagged as one of the factors triggering an inter meeting cut. Bonds rallied in response to the surprise cut but year-end profit booking pressures soon took over with a result that bond yields have closed the month virtually unchanged from their levels before the last rate cut. Globally the two large themes, relative monetary policy direction in large nations and event based risks, continued to play their part in cross assets. The FOMC meet, coming as it did on the heels of recent data disappointment in the US and the spectacular rise in the dollar, pushed back rate hike expectations towards the last quarter of the calendar. This triggered a fall in US yields and a 3% correction in the dollar index. Subsequent commentary from the Fed Chair has further emphasized the message that while the Fed may very well start to hike rates this year, the pace of such hikes is likely to be quite modest as compared with the previous rate hike cycle. Meanwhile the ECB commenced its new bond buying program, expectedly triggering a further rally in most European yields. The stand out exception to this phenomenon was Greece where talks between the new government and the erstwhile Troika seemed to deteriorate again after showing some promise earlier. This has led to Greek bond yields spiking. There is also no help from the ECB since Greece bonds are exempt from its bond buying program. Finally, the Chinese Central Bank (PBoC) Governor flagged possible deflation risks and indicated room for more monetary stimulus. Geopolitical risks flared up again during the month with Saudi Arabia attacking Yemen. This put oil markets on edge for a while since Yemen while a marginal direct producer of oil, is close to strategic passage points of the oil trade. The counter-balance to oil prices was provided by signs that talks with respect to Iran s nuclear program have turned more constructive. A deal here will allow Iran to step up supply to what seems to be already an oversupplied oil market, at least in the near term. Going Forward Bond markets look ahead to the April policy review from the RBI. Given its guidance in the last policy, it is unlikely that the central bank will cut repo again. Instead the clamor lately is more around transmission and it is likely that more attention is focused here. Banks have been asking for a more relaxed approach towards liquidity (including demands for a CRR cut) in order to be able to lower deposit and lending rates. Indeed the Urjit Patel committee of 2014, on which the RBI has drawn heavily for creating its monetary policy framework, has itself suggested that the RBI s liquidity management operations should strive to ensure consistency with the stance of monetary policy. Accordingly, an increase in the policy rate to convey an anti-inflation policy stance should be accompanied by tightening of liquidity conditions through liquidity management operations, whereas an easing of the policy stance should be associated with accommodative liquidity conditions. Since policy stance has turned since January it stands to reason that liquidity management stance should turn as well. Indeed, this may already be happening since RBI has allowed the so-called core liquidity (system liquidity adjusted for government cash balances) to swing into surplus zone by substantially reducing its sterilization operations against forex purchases. Hence, as government spending picks up from April liquidity is expected to improve quite substantially. If indeed the stance on liquidity is shifting, the RBI should not step up bond sales to the market as liquidity improves. Over the medium term, we continue to see room for a further 50 bps over the next year purely on the basis of our forecast for CPI and adding the RBI s 1.5 2% real rate guidance over this. We also remain watchful for global developments potentially forcing RBI s hand so that either the balance rate cuts come quicker and / or the central bank eventually settles for a lower real rate target. The relative strength of the rupee is a variable that we have flagged for some time. This is likely to be a significant input into policy decision making in the year ahead. 04

4 IDFC Dynamic Equity Fund FUND FEATURES Nature: Equity Average AUM (Jan-Mar 15): ` Crores Inception Date: 10 October 2014 Fund Manager: Ms. Punam Sharma & Mr. Anupam Joshi About the Fund: IDFC Dynamic Equity Fund is an equity fund which aims to dynamically manage the equity and debt exposure based on the month-end weighted average PE ratio and 200 Day Moving Average (DMA) of CNX Nifty. Other Parameter: : CNX Nifty Index and Crisil Balanced Fund Index March Allocation: Money Market s: 34.5%; Gross Equity: 65.5% - Equity Futures: 18.5% (Net Equity: 47%) The weighted average PE of CNX Nifty as on 28 February 2015 was and the 200 DMA was (< spot Nifty). The allocation for the month of March was as follows: NAV ( `) : Money Market s 34.5% Gross Equity 65.5% - Equity Futures 18.5% (Net Equity: 47%) Regular Growth Regular Dividend Direct Growth Direct Dividend IDFC Dynamic Equity Fund To create wealth over a long period of time Investment in equity & equity related instruments and for defensive purposes in the equity derivatives. The scheme may also invest in Debt & Money market instruments. High Risk Brown *Investors should consult their financial advisers if in doubt about whether the product is suitable Buying Low and Selling High consistently is easier said than done! Historically, most investors have got attracted to investing in the markets at times when the markets have been in the expensive zone (high PE). Large Inflows have come in at the time when markets were in expensive zone Source: Daily Sensex P/E (price from BSE, trailing 12 months earnings from Bloomberg) for the period 1st October 99 to 30th September 14. Net Inflow data from AMFI Prudent investing demands the exact opposite in terms of behavior i.e. moving out of equity, as markets get expensive and moving into equity when markets get cheap. IDFC Dynamic Equity fund helps the investor Do The Opposite. Investment Strategy: The portfolio is guided by an underlying quantitative model based on the month-end weighted average PE ratio and 200 Day Moving Average (DMA) of the CNX Nifty Index. The equity exposure of the fund is determined as follows: If Nifty Index weighted average PE is Equity Component of the portfolio If 200DMA <Spot index If 200DMA >Spot index Below % 65-83% % 48-65% % 30-48% % 30% Above % 30% When the model indicates: Bullish pattern 100% Equity Expensive Valuation Restrict the equity exposure to 65% and if necessary will hedge this equity exposure up the extent of 35% by shorting the index Equity exposure will be in proportion to the CNX Nifty stocks Balance will be invested predominantly in money market instruments shall be rebalanced monthly 31 March 2015 (IDFC - DEF) An Open Ended Equity Fund Holdings: Name Industries % of NAV Infosys Software 4.92% HDFC Finance 4.61% HDFC Bank Banks 4.41% ITC Consumer Non Durables 4.05% ICICIBank Banks 4.03% Larsen & Toubro Construction Project 3.12% Reliance Industries Petroleum Products 3.03% Tata Consultancy Services Software 2.90% Tata Motors Auto 2.21% Axis Bank Banks 2.11% State Bank of India Banks 1.82% Sun Pharmaceuticals Industries Pharmaceuticals 1.71% Hindustan Unilever Consumer Non Durables 1.38% Kotak Mahindra Bank Banks 1.25% Oil & Natural Gas Corporation Oil 1.22% Top 15 Equity 42.77% OtherEquity 22.70% Certificateof Deposit 31.40% CorporateBond 0.06% Margin Fixed Deposit 2.20% Call 0.24% Net Current Asset 0.64% % Equity Futures Total % For complete list of holdings please visit our website 05

5 IDFC Classic Equity Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 9 August 2005 Fund Manager: Mr. Ankur Arora (w.e.f. 14 Mar, 2012) About the Fund: IDFC Classic Equity fund is a diversified equity fund which invests across the breadth of the market. The fund is a stable mix of large cap business in matured sectors and upcoming mid/small cap opportunities in emerging sectors. Other Parameter: Beta 0.82 R Square 0.85 Standard Deviation (Annualized) 13.02% Sharpe* 0.90 Turnover 1.29 : S&P BSE 200 * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 200, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No. 60 (IDFC - CEF) An Open Ended Equity Fund Top 10 Holdings: Name Industries % of NAV Inox Wind Miscellaneous 6.12 ICICI Bank Banks 5.70 HDFC Bank Banks 5.69 Tech Mahindra Software 4.62 Lupin Pharmaceuticals 4.47 HCL Technologies Software 4.36 Procter & Gamble Hygiene Consumer Non Durables 4.27 and Health Care Tata Motors Auto 3.67 Tata Consultancy Services Software 3.41 Colgate Palmolive (India) Consumer Non Durables 3.36 For complete list of holdings please visit our website # ## Aug 09, 2005 (Since Inception) % 14.14% 14.40% 32,392 35,823 36,620 Mar 31, 2014 To Mar 31, % 31.93% 26.65% Mar 28, 2013 To Mar 31, % 17.04% 17.82% NA Mar 30, 2012 To Mar 28, % 6.03% 7.31% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 17.87% 17.17% 14,386 14,461 14,269 Mar 31, 2014 To Mar 31, % 31.93% 26.65% NA Mar 28, 2013 To Mar 31, % 17.04% 17.82% Monthly SIP of ` 1000 in IDFC Classic Equity Fund - Regular - Growth Total Amount Invested ( `) Total Value as on Mar 31, 2015 ( `) Fund Returns Total Value of S&P BSE 200 S&P BSE 200 Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Sector Allocation: Banks 19.91% Software 14.86% Consumer Non Durables 11.03% Pharmaceuticals 7.38% Auto 6.76% Miscellaneous 6.12% Finance 5.65% Chemicals 4.80% Construction Project 3.27% Construction 3.04% Telecom - Services 2.73% Oil 2.56% Textile Products 2.48% Media & Entertainment 2.21% Industrial Products 2.13% Minerals/Mining 2.02% Cement 2.02% NAV ( `) : 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend IDFC Classic Equity Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. High Risk Brown *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Aug 09, % 24.06% 16.27% 11.90% % 22.79% 15.36% 12.46% % 20.64% 14.55% 12.15% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

6 IDFC Sterling Equity Fund FUND FEATURES Nature: Equity Average AUM (Jan-Mar 15): ` Crores Inception Date: 7 March 2008 Fund Manager: Mr. Aniruddha Naha (w.e.f. 27th June 2013) About the Fund: Sterling Equity Fund is a midcap fund that has a representation of all CNX Midcap sectors and within that there is active stock selection. It actively builds a portfolio of companies with proven business model. Other Parameter: Beta 0.70 R Square 0.81 Standard Deviation (Annualized) 14.96% Sharpe* 1.20 Turnover 0.99 : CNX Midcap * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Mar 07, 2008 (Since Inception) % 10.30% 8.50% 36,667 19,998 17,795 Mar 31, 2014 To Mar 31, % 50.96% 26.65% Mar 28, 2013 To Mar 31, % 16.22% 17.82% NA Mar 30, 2012 To Mar 28, % -4.02% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CNX Midcap, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No. 61 Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # # (IDFC - SEF) An Open Ended Equity Fund ^ ^ Top 10 Holdings: Name Industries % of NAV Gujarat Pipavav Port Transportation 6.00 Gateway Distriparks Transportation 4.40 Bayer CropScience Pesticides 4.09 Bharat Forge Industrial Products 4.00 Gujarat Gas Company Gas 3.99 Shriram Transport Finance Finance 3.92 Company Mindtree Software 3.67 AIA Engineering Industrial Products 3.61 Wabco India Auto Ancillaries 3.55 Motherson Sumi Systems Auto Ancillaries 3.33 For complete list of holdings please visit our website # # ## ## Jan 01, 2013 (Since Inception) % 20.21% 17.17% 17,062 15,113 14,269 Mar 31, 2014 To Mar 31, % 50.96% 26.65% NA Mar 28, 2013 To Mar 31, % 16.22% 17.82% Monthly SIP of `1000 in IDFC Sterling Equity Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of CNX Midcap Index CNX Midcap Index Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Sector Allocation: Transportation 11.63% Software 9.78% Finance 9.04% Pharmaceuticals 8.57% Industrial Products 7.61% Auto Ancillaries 6.88% Industrial Capital Goods 6.72% Banks 5.74% Pesticides 4.09% Gas 3.99% Fertilisers 3.10% Consumer Non Durables 2.64% Cement 2.63% Textile Products 2.30% Retailing 1.95% Oil 1.87% Construction 1.74% Chemicals 1.15% Power 1.08% NAV ( `) : IDFC Sterling Equity Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the mid cap segment High Risk Brown 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Mar 07, % 34.30% 23.72% 24.03% % 30.04% 18.45% 17.35% % 20.64% 14.55% 13.71% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

7 IDFC Premier Equity Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 28 September 2005 Fund Manager: Mr. Kenneth Andrade (Since June 2006) About the Fund: Premier is a diversified equity fund that invests across market caps. The fund follows a buy and hold strategy, invests in companies that are at an early stage in their economic cycle. It attempts to capture shifts in the business environment and growth in companies. Other Parameter: Beta 0.87 R Square 0.76 Standard Deviation (Annualized) 14.71% Sharpe* 1.54 Turnover 0.51 : S&P BSE 500 * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. For complete list of holdings please visit our website Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ Sep 28, 2005 (Since Inception) % 12.77% 13.26% 73,942 31,351 32,682 Mar 31, 2014 To Mar 31, % 33.19% 26.65% Mar 28, 2013 To Mar 31, % 16.93% 17.82% NA Mar 30, 2012 To Mar 28, % 4.81% 7.31% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Performance of the funds managed by the fund manager are given on page No. 60 (IDFC - PEF) An Open Ended Equity Fund ^ Top 10 Holdings: Name Industries % of NAV Page Industries Textile Products 6.67 Blue Dart Express Transportation 4.60 VA Tech Wabag Engineering Services 4.49 SKS Microfinance Finance 4.13 Ashok Leyland Auto 3.63 Container Corpn of India Transportation 3.22 Kaveri Seed Company Consumer Non Durables 3.12 Vardhman Textiles Textiles - Cotton 2.98 Multi Commodity Exchange Finance 2.97 of India Idea Cellular Telecom - Services 2.94 # # ## ## Jan 01, 2013 (Since Inception) % 17.80% 17.17% 18,578 14,441 14,269 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Mar 28, 2013 To Mar 31, % 16.93% 17.82% Monthly SIP of `2000 in IDFC Premier Equity Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of S&P BSE 500 S&P BSE 500 Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Sector Allocation: Consumer Non Durables 11.56% Finance 11.17% Transportation 8.73% Industrial Products 7.64% Textile Products 7.02% Auto 6.46% Consumer Durables 4.91% Engineering Services 4.49% Textiles - Cotton 3.45% Trading 3.34% Software 3.26% Telecom - Services 2.94% Gas 2.42% Chemicals 2.20% Telecom - Equipment & Accessories 2.13% Pharmaceuticals 2.09% Construction Project 1.97% Power 1.87% Industrial Capital Goods 1.11% Construction 0.91% Ferrous Metals 0.88% Miscellaneous 0.77% Auto Ancillaries 0.62% Media & Entertainment 0.25% NAV ( `) : IDFC Premier Equity Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments across market capitalisation. High Risk Brown 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Sep 28, % 40.29% 27.91% 24.37% % 23.11% 15.34% 12.23% % 20.64% 14.55% 12.06% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

8 IDFC Imperial Equity Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 16 March 2006 Fund Manager: Mr. Ankur Arora (w.e.f. 27th June 2013) About the Fund: IDFC Imperial Equity fund is a large cap fund with investment universe consisting of top 80 companies by market cap. Other Parameter: Beta 0.90 R Square 0.94 Standard Deviation (Annualized) 13.19% Sharpe* 0.54 Turnover 0.56 : CNX Nifty * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) (IDFC - IEF) An Open Ended Equity Fund Top 10 Holdings: Name Industries % of NAV ICICI Bank Banks 6.79 Larsen & Toubro Construction Project 6.63 Infosys Software 6.58 Tata Motors Auto 6.16 ITC Consumer Non Durables 5.32 Axis Bank Banks 5.19 State Bank of India Banks 4.95 Maruti Suzuki India Auto 4.94 HDFC Bank Banks 4.82 Tata Consultancy Services Software 4.73 For complete list of holdings please visit our website Sector Allocation: Banks 27.14% Software 20.40% Auto 11.10% Pharmaceuticals 7.87% Consumer Non Durables 6.73% Construction Project 6.63% Oil 4.54% Petroleum Products 4.29% Telecom - Equipment & Accessories 3.43% Telecom - Services 2.92% Finance 2.44% Minerals/Mining 2.29% NAV ( `) : Regular Growth Regular Dividend Direct Growth Direct Dividend IDFC Imperial Equity Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments in the large cap segment. High Risk Brown 31 March 2015 *Investors should consult their financial advisers if in doubt about whether the product is suitable Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty, ## S&P BSE Sensex Performance of the funds managed by the fund manager are given on page No. 60 # ^ # ## Mar 16, 2006 (Since Inception) % 11.29% 11.00% 27,972 26,316 25,699 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,188 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% NA Mar 28, 2013 To Mar 31, % 17.82% 18.68% Monthly SIP of ` 1000 in IDFC Imperial Equity Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 1 Year 3 Years 5 Years Since Inception Mar 16, % 20.70% 13.62% 11.92% % 20.64% 14.55% 11.88% % 19.94% 14.13% 11.54% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

9 IDFC Equity Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 9 June 2006 Fund Manager: Mr. Kenneth Andrade (w.e.f. 27th June 2013) About the Fund: The Fund is positioned to mirror the broad sector weightages of the Nifty Index and within those sectors there is active stock selection by the fund manager. Other Parameter: Beta (BSE 200) 0.95 R Square (BSE 200) 0.94 Beta (Nifty) 0.99 R Square (Nifty) 0.98 Standard Deviation (Annualized) 14.20% Sharpe* 0.66 Turnover 0.46 : CNX Nifty * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option (NAV as on Mar 31, 2015 ` per Unit): (IDFC - EF) An Open Ended Equity Fund Top 10 Holdings: Name Industries % of NAV HDFC Bank Banks 7.75 ITC Consumer Non Durables 6.58 ICICI Bank Banks 6.37 Infosys Software 5.60 Tata Motors Auto 5.56 HDFC Finance 5.54 Larsen & Toubro Construction Project 5.21 Lupin Pharmaceuticals 5.07 Reliance Industries Petroleum Products 5.01 HCL Technologies Software 3.96 For complete list of holdings please visit our website Sector Allocation: Banks 24.61% Software 16.39% Pharmaceuticals 9.96% Auto 8.05% Consumer Non Durables 6.58% Petroleum Products 6.10% Finance 5.54% Construction Project 5.21% Oil 2.89% Cement 2.88% Minerals/Mining 2.75% Telecom - Services 2.52% Gas 1.63% Non - Ferrous Metals 1.00% NAV ( `) : IDFC Equity Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments. High Risk Brown 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend *Investors should consult their financial advisers if in doubt about whether the product is suitable Jun 09, 2006 (Since Inception) % 13.11% 12.62% 24,925 29,624 28,498 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty, ## S&P BSE Sensex Performance of the funds managed by the fund manager are given on page No. 60 Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # # ^ ^ # # ## ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,653 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% NA Mar 28, 2013 To Mar 31, % 17.82% 18.68% Monthly SIP of ` 1000 in IDFC Equity Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 1 Year 3 Years 5 Years Since Inception Jun 09, % 21.07% 15.19% 12.18% % 20.64% 14.55% 11.99% % 19.94% 14.13% 11.63% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

10 IDFC Nifty Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 30 April 2010 Fund Manager: Ms. Punam Sharma (Since October 3, 2011) About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the CNX Nifty index. Other Parameter: Beta 1.0 R Square 1.00 Standard Deviation (Annualized) 14.38% Sharpe* 0.70 Turnover 0.27 : CNX Nifty * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) ^ Past performance may or may not be sustained in future # CNX Nifty, ## S&P BSE Sensex Performance of the funds managed by the fund manager are given on page No. 69 # ^ (IDFC - NF) An Open Ended Index Linked Equity Top 10 Holdings: Apr 30, 2010 (Since Inception) % 10.14% 9.91% 16,916 16,088 15,922 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # Name Industries % of NAV Infosys Software 7.13 HDFC Finance 6.68 HDFC Bank Banks 6.40 ITC Consumer Non Durables 5.88 ICICI Bank Banks 5.84 Larsen & Toubro Construction Project 4.52 Reliance Industries Petroleum Products 4.40 Tata Consultancy Services Software 4.21 Tata Motors Auto 3.20 Axis Bank Banks 3.07 For complete list of holdings please visit our website ^ # ## # ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,525 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% NA Mar 28, 2013 To Mar 31, % 17.82% 18.68% Monthly SIP of ` 1000 in IDFC Nifty Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns Sector Allocation: Banks 22.72% Software 15.64% Consumer Non Durables 9.08% Auto 8.47% Finance 7.40% Pharmaceuticals 6.65% Petroleum Products 5.08% Construction Project 4.52% Cement 2.80% Power 2.46% Telecom - Services 2.42% Oil 2.17% Minerals/Mining 1.84% Non - Ferrous Metals 1.20% Industrial Capital Goods 0.69% Ferrous Metals 0.68% Media & Entertainment 0.60% Gas 0.58% NAV ( `) : IDFC Nifty Fund Create wealth over a long period of time. Replicate the CNX Nifty index by investing in securities of the CNX Nifty Index in the same proportion/weightage. High Risk Brown 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Apr 30, NA NA % 21.55% NA 15.64% NA % 20.64% NA 14.56% NA % 19.94% NA 14.15% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

11 IDFC Infrastructure Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 8 March 2011 Fund Manager: Mr. Rajendra Mishra (w.e.f. 27th June 2013) About the Fund: A dedicated Infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. It is a diversified portfolio of companies that are participating in and benefitting from the Indian Infrastructure and Infrastructure related activities. Other Parameter: Beta 0.72 R Square 0.86 Standard Deviation (Annualized) 20.16% Sharpe* 0.04 Turnover 0.53 : CNX Infrastructure Index (w.e.f. 07 Dec, 2011) * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) ^ Past performance may or may not be sustained in future # CNX Infra, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No # ^ (IDFC - IF) An Open Ended Equity Fund Top 10 Holdings: Name Industries % of NAV For complete list of holdings please visit our website # ## Mar 08, 2011 (Since Inception) % 2.89% 11.17% 11,880 11,230 15,380 Mar 31, 2014 To Mar 31, % 24.27% 26.65% Mar 28, 2013 To Mar 31, % 18.18% 17.82% NA Mar 30, 2012 To Mar 28, % % 7.31% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ Larsen & Toubro Construction Project Bharti Airtel Telecom - Services J.Kumar Infraprojects Construction 7.69 JSW Energy Power 6.74 National Buildings Construction Corporation Construction 6.01 Indraprastha Gas Gas 5.70 Container Corporation Transportation 5.24 of India Ultratech Cement Cement 5.02 Power Grid Corporation Power 4.91 of India Rural Electrification Finance 4.84 Corporation # ## Jan 01, 2013 (Since Inception) % 10.16% 17.17% 13,699 12,424 14,269 Mar 31, 2014 To Mar 31, % 24.27% 26.65% NA Mar 28, 2013 To Mar 31, % 18.18% 17.82% Monthly SIP of ` 1000 in IDFC Infrastructure Fund - Regular - Growth Total Amount Invested ( `) Total Value as on Mar 31, 2015 ( `) Fund Returns Total Value of CNX INFRASTRUCTURE CNX INFRASTRUCTURE Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Sector Allocation: Power 15.41% Telecom - Services 14.63% Construction 13.70% Construction Project 12.19% Transportation 11.52% Finance 8.00% Gas 5.70% Industrial Products 5.29% Cement 5.02% Industrial Capital Goods 4.11% Miscellaneous 2.33% Ferrous Metals 1.93% NAV ( `) : IDFC Infrastructure Fund Create wealth over a long period of time. Investment predominantly in equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. High Risk Brown 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Mar 08, NA NA % 21.99% NA 14.62% NA % 20.64% NA 17.33% NA % 16.24% NA 10.91% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

12 IDFC Tax Advantage (ELSS) Fund FUND FEATURES Nature: Equity Average AUM ( Jan-Mar 15): ` Crores Inception Date: 26 December 2008 Fund Manager: Mr. Aniruddha Naha (Since May 11, 2013) About the Fund: The Fund is an Equity Linked Savings (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, Other Parameter: Beta 0.89 R Square Standard Deviation (Annualized) 14.21% Sharpe* 1.46 Turnover 1.41 : S&P BSE 200 Fund Performance 0.84 * Risk-free rate assumed to be % (365 Days Treasury Bill yield on ). Ratios calculated on the basis of 3 years history of monthly data. turnover has been computed as the ratio of the lower value of purchase or sales to the average net assets in the past one year. Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Dec 26, 2008 (Since Inception) % 20.23% 18.99% 40,148 31,702 29,717 Mar 31, 2014 To Mar 31, % 31.93% 26.65% Mar 28, 2013 To Mar 31, % 17.04% 17.82% NA Mar 30, 2012 To Mar 28, % 6.03% 7.31% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 200, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No. 61 (IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving with Lock in of 3 Years Top 10 Holdings: ^ Name Industries % of NAV HDFC Bank Banks 5.89 Gujarat Pipavav Port Transportation 5.58 Wabco India Auto Ancillaries 4.59 HDFC Finance 4.52 Bharat Forge Industrial Products 4.28 HCL Technologies Software 3.98 Shriram Transport Finance Finance 3.89 Company Yes Bank Banks 3.84 Gujarat Gas Company Gas 3.70 Gateway Distriparks Transportation 3.29 For complete list of holdings please visit our website ^ # # ## ## Jan 01, 2013 (Since Inception) % 17.87% 17.17% 18,369 14,461 14,269 Mar 31, 2014 To Mar 31, % 31.93% 26.65% NA Mar 28, 2013 To Mar 31, % 17.04% 17.82% Monthly SIP of ` 500 in IDFC Tax Advantage (ELSS) Fund - Regular - Growth Total Amount Invested (`) Total Value as on Mar 31, 2015 (`) Fund Returns Total Value of S&P BSE 200 S&P BSE 200 Returns Total Value of CNX NIFTY Index CNX NIFTY Index Returns Sector Allocation: Finance 11.82% Software 9.74% Banks 9.72% Transportation 8.87% Pharmaceuticals 8.81% Auto Ancillaries 7.57% Gas 6.71% Industrial Products 6.30% Miscellaneous 2.88% Textile Products 2.66% Construction 2.63% Construction Project 2.40% Oil 2.34% Cement 2.11% Industrial Capital Goods 1.81% Power 1.79% NAV ( `) : 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend IDFC Tax Advantage Fund -ELSS Create wealth over a long period of time. Investment predominantly in Equity and Equity related securities. High Risk Brown *Investors should consult their financial advisers if in doubt about whether the product is suitable SIP Performance 1 Year 3 Years 5 Years Since Inception Dec 26, % 36.69% 24.84% 23.39% % 22.79% 15.36% 15.39% % 20.64% 14.55% 14.57% Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Data as on March 31,

13 IDFC Arbitrage Fund FUND FEATURES Nature: Equity & Equity Derivatives Average AUM ( Jan-Mar 15): ` Crores Inception Date: 21 December 2006 Fund Manager: Mr. Yogik Pitti (w.e.f. 27th June 2013) About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market. Other Parameter: Standard Deviation (Annualized) 0.49% : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. Sector Allocation: Banks 15.96% Pharmaceuticals 8.32% Consumer Non Durables 6.85% Auto 5.73% Petroleum Products 5.13% Software 4.79% Cement 4.41% Power 3.04% Finance 2.64% Auto Ancillaries 2.21% Ferrous Metals 1.98% Telecom - Services 1.88% Construction Project 1.15% Consumer Durables 0.92% Textile Products 0.82% Chemicals 0.29% Non - Ferrous Metals 0.26% Oil 0.16% Pesticides 0.12% Industrial Capital Goods 0.09% Services 0.04% IDFC Arbitrage Fund To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable (IDFC - AF) An Open Ended Equity Fund Top Holdings: Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Name Industries % of NAV HDFC Bank Banks 4.46 Reliance Industries Petroleum Products 4.29 Grasim Industries Cement 4.12 Maruti Suzuki India Auto 3.96 Lupin Pharmaceuticals 3.35 ITC Consumer Non Durables 3.31 Cipla Pharmaceuticals 2.95 State Bank of India Banks 2.50 Axis Bank Banks 2.17 Asian Paints Consumer Non Durables 2.12 Yes Bank Banks 2.08 Power Grid Corporation of India Power 2.01 Indusind Bank Banks 1.92 Tata Consultancy Services Software 1.79 Tech Mahindra Software 1.69 HDFC Finance 1.66 Bharti Airtel Telecom - Services 1.37 ICICI Bank Banks 1.31 Infosys Software 1.30 Bosch Auto Ancillaries 1.18 Tata Steel Ferrous Metals 1.16 Larsen & Toubro Construction Project 1.15 Aurobindo Pharma Pharmaceuticals 1.12 Titan Company Consumer Durables 0.92 Tata Motors Auto 0.83 Arvind Textile Products 0.82 JSW Steel Ferrous Metals 0.82 Exide Industries Auto Ancillaries 0.78 Tata Global Beverages Consumer Non Durables 0.71 Reliance Capital Finance 0.68 Hindustan Unilever Consumer Non Durables 0.67 Ranbaxy Laboratories Pharmaceuticals 0.61 Indian Oil Corporation Petroleum Products 0.54 Tata Power Company Power 0.53 Mahindra & Mahindra Auto 0.51 The Federal Bank Banks 0.34 Andhra Bank Banks 0.31 Hindustan Petroleum Corporation Petroleum Products 0.30 Tata Communications Telecom - Services 0.29 Tata Chemicals Chemicals 0.29 Hero MotoCorp Auto 0.27 Kotak Mahindra Bank Banks 0.26 For complete list of holdings please visit our website ^ # ## Dec 21, 2006 (Since Inception) % 7.64% 10.08% 18,319 18,390 22,149 Mar 31, 2014 To Mar 31, % 8.98% 26.65% Mar 28, 2013 To Mar 31, % 9.46% 17.82% NA Mar 30, 2012 To Mar 28, % 8.17% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CRISIL Liquid Fund Index, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No Name Industries % of NAV Century Textiles & Industries Cement 0.26 Apollo Tyres Auto Ancillaries 0.24 Union Bank of India Banks 0.23 Hindustan Zinc Non - Ferrous Metals 0.23 Reliance Power Power 0.23 Reliance Communications Telecom - Services 0.22 LIC Housing Finance Finance 0.20 Divi's Laboratories Pharmaceuticals 0.17 Bajaj Auto Auto 0.16 Biocon Pharmaceuticals 0.13 Cairn India Oil 0.13 UPL Pesticides 0.12 Bank of India Banks 0.10 Reliance Infrastructure Power 0.10 NHPC Power 0.09 Bank of Baroda Banks 0.09 Punjab National Bank Banks 0.09 Crompton Greaves Industrial Capital Goods 0.09 NTPC Power 0.09 Power Finance Corporation Finance 0.08 Syndicate Bank Banks 0.06 Aditya Birla Nuvo Services 0.04 Oriental Bank of Commerce Banks 0.04 Hindalco Industries Non - Ferrous Metals 0.03 United Breweries Consumer Non Durables 0.03 Rural Electrification Corporation Finance 0.03 ACC Cement 0.03 Oil & Natural Gas Corporation Oil 0.03 Motherson Sumi Systems Auto Ancillaries 0.01 Jindal Steel & Power Ferrous Metals 0.01 Total Hedged Equity Margin Fixed Deposit Commercial Paper 1.91 Certificate of Deposit CBLO 0.61 Net Current Asset NAV ( `) : Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend ^ # ## Jan 17, 2013 (Since Inception) % 9.14% 16.75% 12,186 12,121 14,060 Mar 31, 2014 To Mar 31, % 8.98% 26.65% NA Mar 28, 2013 To Mar 31, % 9.46% 17.82% 14

14 IDFC Arbitrage Plus Fund FUND FEATURES Nature: Equity Derivatives Average AUM ( Jan-Mar 15): ` Crores Inception Date: 09 June 2008 Fund Manager: Mr. Yogik Pitti (w.e.f. 27th June 2013) About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The fund can also tactically participate in a mix of strategies like pair trades, corporate events like buybacks, etc, (restricted upto 5% of the portfolio). The balance is invested in actively managed debt and money market instruments. Other Parameter: Standard Deviation (Annualized) 0.48% : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. Sector Allocation: Banks 13.11% Pharmaceuticals 9.42% Software 8.74% Consumer Non Durables 5.27% Auto 4.37% Finance 4.36% Construction Project 4.22% Auto Ancillaries 2.48% Minerals/Mining 2.17% Petroleum Products 2.06% Ferrous Metals 1.72% Construction 1.39% Cement 1.26% Media & Entertainment 1.24% Power 1.05% Telecom - Services 0.82% Pesticides 0.79% Chemicals 0.56% Oil 0.32% Consumer Durables 0.07% Industrial Products 0.05% Services 0.03% IDFC Arbitrage Plus Fund To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. Medium Risk Yellow *Investors should consult their financial advisers if in doubt about whether the product is suitable (IDFC - APF) An Open Ended Equity Fund Top Holdings: Name Industries/Rating % of NAV Aurobindo Pharma Pharmaceuticals 6.04 State Bank of India Banks 4.65 Larsen & Toubro Construction Project 4.22 Axis Bank Banks 3.76 HDFC Finance 3.62 Infosys Software 3.59 Tata Consultancy Services Software 3.03 Maruti Suzuki India Auto 2.22 Coal India Minerals/Mining 2.17 Exide Industries Auto Ancillaries 2.10 Tech Mahindra Software 2.06 Asian Paints Consumer Non Durables 1.98 Reliance Industries Petroleum Products 1.72 Hindustan Unilever Consumer Non Durables 1.72 Tata Steel Ferrous Metals 1.61 Yes Bank Banks 1.50 Zee Entertainment Enterprises Media & Entertainment 1.24 Lupin Pharmaceuticals 1.20 ITC Consumer Non Durables 1.20 IRB Infrastructure Developers Construction 1.17 Ranbaxy Laboratories Pharmaceuticals 1.15 HDFC Bank Banks 1.04 Grasim Industries Cement 0.94 Tata Motors Auto 0.92 Power Grid Corporation of India Power 0.88 Bharti Airtel Telecom - Services 0.82 UPL Pesticides 0.79 LIC Housing Finance Finance 0.75 Kotak Mahindra Bank Banks 0.67 Glenmark Pharmaceuticals Pharmaceuticals 0.63 Bajaj Auto Auto 0.62 Hero MotoCorp Auto 0.61 Tata Chemicals Chemicals 0.56 Union Bank of India Banks 0.47 Syndicate Bank Banks 0.42 Apollo Tyres Auto Ancillaries 0.39 Hindustan Petroleum Corporation Petroleum Products 0.33 Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CRISIL Liquid Fund Index, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No Name Industries/Rating % of NAV Cairn India Oil 0.32 Indiabulls Real Estate Construction 0.22 Bank of Baroda Banks 0.22 ICICI Bank Banks 0.19 Dabur India Consumer Non Durables 0.19 Tata Global Beverages Consumer Non Durables 0.18 ACC Cement 0.18 Divi's Laboratories Pharmaceuticals 0.17 Sun Pharmaceuticals Industries Pharmaceuticals 0.15 Century Textiles & Industries Cement 0.14 Reliance Infrastructure Power 0.13 JSW Steel Ferrous Metals 0.10 Punjab National Bank Banks 0.10 Andhra Bank Banks 0.08 Cipla Pharmaceuticals 0.07 Titan Company Consumer Durables 0.07 Wipro Software 0.06 Jain Irrigation Systems Industrial Products 0.05 Tata Power Company Power 0.05 Aditya Birla Nuvo Services 0.03 Allahabad Bank Banks 0.01 Jindal Steel & Power Ferrous Metals 0.01 Total Hedged Equity Margin Fixed Deposit 8.29 Certificate of Deposit 6.00 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV 3.16 CBLO 0.32 Net Current Asset 0.34 NAV ( `) : For complete list of holdings please visit our website Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jun 09, 2008 (Since Inception) % 7.67% 9.77% 16,174 16,541 18,865 Mar 31, 2014 To Mar 31, % 8.98% 26.65% Mar 28, 2013 To Mar 31, % 9.46% 17.82% NA Mar 30, 2012 To Mar 28, % 8.17% 7.31% 31 March 2015 Regular Growth Regular Dividend Direct Growth Direct Dividend # ^ # ## Dec 31, 2013 (Since Inception) % 9.17% 26.99% 11,134 11,156 13,469 Mar 31, 2014 To Mar 31, % 8.98% 26.65% NA 15

15 IDFC Equity Opportunity - Series 1 FUND FEATURES Nature: A Close Ended Equity scheme Average AUM ( Jan-Mar 15): ` Crores Inception Date: April 15, 2013 Maturity Date: April 14, 2016 Fund Manager: Mr. Kenneth Andrade (Since Inception) Other Parameter Turnover 1.73 : S&P BSE 500 Index IDFC Equity Opportunity - Series 1 Create wealth over a long period of time. Investment predominantly in Equity and Equity related securities. High Risk Brown *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance The scheme has only Dividend - Payout option. Please refer Dividend-History table above. Regular Dividend Option ( NAV as on Mar 31, 2015 ` per Unit) # (IDFC - EQOS1) A Close Ended Equity Fund Top 10 Holdings: Apr 15, 2013 (Since Inception) % 26.44% 24.03% 10,314 15,833 15,249 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # BSE 500, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No. 60 Name Industries % of NAV Igarshi Motors India Auto Ancillaries 8.96 PI Industries Pesticides 8.05 Engineers India Construction Project 6.97 Sundram Fasteners Auto Ancillaries 6.62 Ambika Cotton Mills Textiles - Cotton 6.44 Coal India Minerals/Mining 6.20 Entertainment Network (India) Media & Entertainment 6.12 SQS India BFSI Software 5.52 Balrampur Chini Mills Consumer Non Durables 5.32 Atul Chemicals 4.29 For complete list of holdings please visit our website Dividend History The scheme has only Dividend-Payout option & has given following dividends: Date Dividend NAV Regular 23-Mar Oct Aug Direct 23-Mar Oct Aug Face Value of above schemes is 10/- per unit. Past performance may or may not be sustained in future After the payment of the dividend, the per unit NAV fails to the extent of the payout & statutory levy, if any. Net dividend received by the investor shall be subject to applicable dividend distribution tax. ^ # ## Sector Allocation: Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit) NAV ( `) : 31 March 2015 Auto Ancillaries 15.58% Pesticides 8.05% Chemicals 8.05% Software 8.01% Construction Project 6.97% Textiles - Cotton 6.44% Minerals/Mining 6.20% Media & Entertainment 6.12% Consumer Non Durables 5.32% Construction 4.06% Industrial Capital Goods 3.29% Paper 2.94% Auto 2.79% Hotels, Resorts And Other 2.74% Recreational Activities Pharmaceuticals 2.29% Regular Growth NA Regular Dividend Direct Growth NA Direct Dividend # ^ # ## Apr 15, 2013 (Since Inception) % 26.44% 24.03% 10,546 15,833 15,249 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA 16

16 IDFC Equity Opportunity - Series 2 FUND FEATURES Nature: A Close Ended Equity scheme Average AUM ( Jan-Mar 15): ` Crores Inception Date: January 31, 2014 Maturity Date: January 31, 2017 Fund Manager: Ms. Punam Sharma Other Parameter Turnover 1.09 : S&P BSE 500 Index Dividend History The scheme has only Dividend-Payout option & has given following dividends: Date Dividend NAV Regular 25-Feb Nov Aug Direct 25-Feb-15 Face Value of above schemes is 10/- per unit. Past performance may or may not be sustained in future After the payment of the dividend, the per unit NAV fails to the extent of the payout & statutory levy, if any. Net dividend received by the investor shall be subject to applicable dividend distribution tax. IDFC Equity Opportunity - Series 2 Long-term capital growth Investment predominantly in Indian as well as overseas Equity and Equity related securities in either growth stocks or value stocks or both without any capitalization bias High Risk Brown Nov Aug *Investors should consult their financial advisers if in doubt about whether the product is suitable (IDFC - EQOS2) A Close Ended Equity Fund Top 10 Holdings: Name Industries % of NAV K.P.R. Mill Textile Products 5.75 Motherson Sumi Systems Auto Ancillaries 5.21 Lupin Pharmaceuticals 4.58 Aegis Logistics Gas 4.58 Greaves Cotton Industrial Products 4.15 Redington (India) Trading 4.02 Tech Mahindra Software 3.95 Larsen & Toubro Construction Project 3.92 Bharti Infratel NAV ( `) : Telecom - Equipment & Accessories 3.84 Kotak Mahindra Bank Banks 3.74 For complete list of holdings please visit our website Regular Growth NA Regular Dividend Direct Growth NA Direct Dividend March 2015 Sector Allocation: Software 9.88% Textile Products 8.73% Chemicals 8.41% Gas 6.59% Construction Project 6.12% Auto Ancillaries 5.21% Power 4.74% Pharmaceuticals 4.58% Industrial Products 4.15% Trading 4.02% Telecom - Equipment & Accessories 3.84% Banks 3.74% Finance 3.59% Auto 3.53% Petroleum Products 3.46% Transportation 3.34% Industrial Capital Goods 3.22% Fertilisers 3.06% Oil 2.40% Media & Entertainment 2.27% Cement 2.17% Fund Performance The scheme has only Dividend - Payout option. Please refer Dividend-History table above. Regular Dividend Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 31, 2014 (Since Inception) % 39.60% 33.13% 11,651 14,734 13,944 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 31, 2014 (Since Inception) % 39.60% 33.13% 11,882 14,734 13,944 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # BSE 500, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No

17 IDFC Equity Opportunity - Series 3 FUND FEATURES Nature: A Close Ended Equity scheme Average AUM ( Jan-Mar 15): ` Crores Inception Date: February 28, 2014 Maturity Date: November 30, 2015 Fund Manager: Mr. Ankur Arora Other Parameter Turnover 0.53 : S&P BSE 500 Index (IDFC - EQOS3) A Close Ended Equity Fund Top 10 Holdings: Name Industries % of NAV JSW Energy Power 7.98 Chambal Fertilizers & Fertilisers 6.03 Chemicals Colgate Palmolive (India) Consumer Non Durables 5.40 Infosys Software 4.95 Coromandel International Fertilisers 4.79 Hero MotoCorp Auto 4.48 ACC Cement 4.47 Rural Electrification Corpn Finance 4.46 Hexaware Technologies Software 4.19 Tata Chemicals Chemicals 3.96 For complete list of holdings please visit our website 31 March 2015 Sector Allocation: Software 15.43% Consumer Non Durables 11.84% Fertilisers 10.83% Power 10.15% Auto 7.18% Chemicals 5.37% Cement 4.47% Finance 4.46% Oil 4.12% Pharmaceuticals 3.89% Banks 3.89% Transportation 3.82% Telecom - Equipment & Accessories 3.44% Construction 1.63% NAV ( `) : Regular Growth NA Regular Dividend Direct Growth NA Direct Dividend IDFC Equity Opportunity - Series 3 Long-term capital growth Investment predominantly in Indian as well as overseas Equity and Equity related securities in either growth stocks or value stocks or both without any capitalization bias High Risk Brown *Investors should consult their financial advisers if in doubt about whether the product is suitable Regular Dividend Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Feb 28, 2014 (Since Inception) % 39.33% 32.11% 14,037 14,331 13,527 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Feb 28, 2014 (Since Inception) % 39.33% 32.11% 14,271 14,331 13,527 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # BSE 500, ## CNX Nifty Performance of the funds managed by the fund manager are given on page No

18 IDFC Monthly Income FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 25 February 2010 Fund Manager: Ms. Punam Sharma & Mr. Anupam Joshi ( w.e.f. 20th October 2014) About the fund: MIP is a hybrid fund which offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an all cap portfolio. The Fixed Income portfolio is a mix of high quality debt and money market instruments. Other Parameter: : Crisil MIP Blended Index Crores Standard Deviation (Annualized): 3.51% Modified Duration: 4.75 years * Average Maturity: 6.81 years* Yield to Maturity: 7.96% *Of Debt Allocation Only Asset allocation: Equity 24.48% Debt 75.52% Standard Deviation is calculated on the basis of 1 year history of monthly data. ASSET QUALITY AAA Equivalent 93.24% AA 4.13% AA+ 2.63% IDFC - Monthly Income Capital appreciation and provide regular income over a long period of time. Investment primarily in debt securities to generate regular returns and investment of a portion of the 's assets in equity securities to generate long-term capital appreciation. Medium risk Yellow *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ Past performance may or may not be sustained in future. # Crisil MIP Blended Index, ## 10 Year GOI Performance of the funds managed by the fund manager are given on page No (IDFC - MIP) An Open Ended Debt Fund Monthly income is not assured and is subject to availability of distributable surplus : Name Rating % of NAV Name Rating % of NAV CBLO 2.42 Clearing Corporation of India 2.42 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 4.51 Corporate Bond Rural Electrification Corporation AAA 5.04 Blue Dart Express AA 2.76 Sesa Sterlite AA HDFC Bank AAA 1.52 Shriram Transport Finance Company AA 0.41 Equity 5.16 Lupin Pharmaceuticals 1.09 ^ # ## Feb 25, 2010 (Since Inception) % 8.83% 6.23% 16,579 15,388 13,608 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% Fag Bearings India Industrial Products 1.03 Vardhman Textiles Textiles - Cotton 1.03 Motherson Sumi Systems Auto Ancillaries 1.02 HDFC Bank Banks 1.00 Other Equity Net Current Asset 2.16 Indicate Equity Top 5 Holdings NAV ( `) : Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) March 2015 Regular - Dividend Regular - Growth Regular - Dividend Quarterly Direct - Growth Direct - Dividend Direct - Dividend Quarterly # ^ # ## Jan 01, 2013 (Since Inception) % 10.49% 6.82% 13,096 12,509 11,595 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA 19

19 IDFC Asset Allocation Fund of Fund FUND FEATURES Nature: Fund of Fund Average AUM (Jan-Mar 15): Conservative Inception Date: 11 February 2010 Moderate Fund Manager: Ms.Punam Sharma (Since Oct 3, 2011) Aggressive `19.82 Crores `33.03 Crores `30.39 Crores The Asset Allocation Principle: The IDFC Asset Allocation Fund of Fund is based on two fundamental investing principles: 1. Not all asset classes perform at all time and it is very difficult to predict the market In the last 2 decades, no asset class has consistently outperformed; every asset class has had their phase of best performance. Since we don't know which asset class will do well periodically, we deal with this unpredictability by making sure that investors in the IDFC Asset Allocation Fund of Fund are given exposure to multiple asset classes viz. Equity, Debt and Gold. 2. Buy low and sell high for investment success The secret to investment success is buying when the asset markets are low. We move more money into an asset class when it gets cheaper by moving out of the asset class that is expensive, through periodic rebalancing. About The Fund: IDFC Asset Allocation Fund of Fund helps diversify your investment and provides participation across three asset classes - Debt, Equity and Gold. Equity allocation is towards a diversified portfolio that invests across market capitalizations. The Debt portfolio is a combination of short and long duration funds helping capture the movements across the yield curve. Allocation towards Gold is to hedge the portfolio against inflation. The allocation to the respective asset classes are rebalanced as per a pre-conceptualized matrix on a regular basis into three plans- Conservative, Moderate and Aggressive. Within each asset class the objective of the fund is to optimize the return by actively allocating assets to funds which best reflects the underlying macroeconomic theme. IDFC AAF - Conservative Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. Medium risk Yellow *Investors should consult their financial advisers if in doubt about whether the product is suitable ^ Past performance may or may not be sustained in future. # CRISIL MIP Blended Index, ## 10 Year GOI Performance of the funds managed by the fund manager are given on page No IDFC AAF - Aggressive Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. Medium risk Yellow Conservative Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) *Investors should consult their financial advisers if in doubt about whether the product is suitable # ^ # ## Feb 11, 2010 (Since Inception) % 8.82% 6.30% 16,015 15,432 13,682 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% An Open Ended Fund of Funds : Name CBLO Clearing Corporation of India Gold Gold Goldman Sachs ETF (Gold Bees) Debt IDFC Cash Fund -Direct -Growth IDFC Money Manager Treasury -Direct -Growth IDFC Dynamic Bond Fund-Direct -Growth IDFC Super Saver Inc. Med Term -Direct Growth IDFC Super Saver Inc - Invt. -Direct Growth Equity IDFC Net Current Asset NAV ( `) : Sterling Equity Fund-Direct -Growth IDFC Premier Equity Fund-Direct -Growth IDFC Imperial Equity Fund-Direct -Growth Grand Total (% of NAV) Conservative Moderate Aggressive Conservative Moderate Aggressive IDFC AAF - Moderate Capital appreciation and provide regular income over a long period of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. Medium risk Yellow *Investors should consult their financial advisers if in doubt about whether the product is suitable Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) March Regular - Growth Regular - Dividend Direct - Growth Direct - Dividend # ^ # ## Apr 02, 2013 (Since Inception) % 11.26% 6.63% 12,772 12,370 11,367 Mar 28, 2014 To Mar 31, % 16.39% 14.50% NA Contd.. 20

20 IDFC Asset Allocation Fund of Fund Other Parameter: Conservative Moderate Aggressive Standard Deviation (Annualized): 2.15% 3.32% 5.26% Modified Duration(for Debt scheme): 3.42 years 4.67 years 6.89 years Average Maturity(for Debt scheme): 5.93 years 8.24 years years Yield to Maturity: 8.39% 8.12% 7.97% Standard Deviation is calculated on the basis of 1 year history of monthly data. Conservative Moderate Aggressive Crisil MIP Blended Index Crisil MIP Blended Index Crisil Balanced Fund Index Standard Allocation Standard Matrix Equity (Including Offshore Equity) Fund Debt Fund(Including Liquid funds) (Including Gold/ Commodity Equity Funds) Money Market Securities % to net assets Conservative Moderate Aggressive 10-15% 25-30% 45-50% 0-90% 0-70% 0-45% 0% 5-10% 10-15% 0-15% 0-15% 0-15% 31 March 2015 (w.e.f. 07 Dec, 2011) An Open Ended Fund of Funds Moderate Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ## 10 Year GOI Aggressive Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Feb 11, 2010 (Since Inception) % 8.82% 6.30% 17,230 15,432 13,682 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% # ^ # ## Feb 11, 2010 (Since Inception) % 10.72% 6.30% 18,004 16,870 13,682 Mar 28, 2014 To Mar 31, % 22.45% 14.50% Mar 28, 2013 To Mar 28, % 13.28% -1.01% NA Mar 30, 2012 To Mar 28, % 8.18% 11.25% ^ Past performance may or may not be sustained in future # Crisil Balanced Fund Index ## 10 Year GOI # ^ # ## Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # # ^ # ^ # ## Feb 26, 2013 (Since Inception) % 10.94% 6.15% 13,332 12,425 11,328 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA ## Jan 01, 2013 (Since Inception) % 14.59% 6.82% 13,636 13,573 11,595 Mar 28, 2014 To Mar 31, % 22.45% 14.50% Mar 28, 2013 To Mar 28, % 13.28% -1.01% NA 21

21 IDFC All Seasons Bond Fund FUND FEATURES Nature: Fund of Funds Average AUM (Jan-Mar 15) : ` Crores Inception Date: 13 September 2004 Fund Manager: Mr. Suyash Choudhary ( w.e.f. 21 Oct 2010) About the fund: All Seasons Bond Fund is a Fund of Fund (FOF) structure which can invest in one or more funds within our basket of Cash Fund/Ultra Short Term Fund/Banking Debt Fund/MMF-TP/MMF-IP and Short Term Fund. The portfolio gives the fund manager the flexibility to play between debt and money market, benefiting from the accrual available in its space and optimizing the portfolio yields. Other Parameter: Standard Deviation (Annualized): 0.84% Modified duration: Average Maturity: 1.75 years 2.00 years Yield to Maturity: 8.49% : Crisil Composite Bond Fund Index (CCBFI) Standard Deviation is calculated on the basis of 1 year history of monthly data. ASSET QUALITY AAA Equivalent 87.25% AA % (IDFC ASBF) An Open Ended Fund of Funds : Top Holdings % of NAV Mutual Fund Units IDFC Super Saver Inc Fund - Short Term Net Current Asset NAV ( `) : 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Quarterly Regular Dividend Half Yearly Regular Dividend Annual Regular Dividend Fortnightly Regular Dividend Daily-Dividend Regular Dividend Weekly-Dividend Regular Dividend ic Direct Growth Direct Dividend Daily Direct Dividend Weekly Direct Dividend Quarterly Direct Dividend Fortnightly Direct Dividend ic IDFC All Seasons Bond Fund To generate short term optimal returns with high liquidity. Investment predominantly in debt oriented mutual fund schemes and money market instruments Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ## 10 Year GOI Performance of the funds managed by the fund manager are given on page No. 68 # ^ # ## Sep 13, 2004 (Since Inception) % 6.72% 5.57% 21,598 19,854 17,709 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Feb 22, 2013 (Since Inception) % 9.14% 6.10% 12,186 12,019 11,326 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA 22

22 IDFC Cash Fund FUND FEATURES Nature: Liquid Fund Average AUM (Jan-Mar 15): ` Inception Date: 2 July 2001 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The Fund aims to invest in high quality debt and money market instruments with high liquidity and seeks to generate accrual income with low volatility. Other Parameter: : Crisil Liquid Fund Index Crores Standard Deviation (Annualized): 0.22% Modified Duration: Average Maturity: 51 days 52 days Yield to Maturity: 8.74% Standard Deviation is calculated on the basis of 1 year history of monthly data. ASSET QUALITY AAA Equivalent 98.95% AA+ 0.97% AA 0.08% IDFC Cash Fund To generate short term optimal returns with high liquidity. Investments in high quality money market and debt instruments. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable (IDFC - CF) An Open Ended Liquid Fund : Name Rating % of NAV Certificate of Deposit Punjab & Sind Bank A UCO Bank A Vijaya Bank A Oriental Bank of Commerce A Axis Bank A Andhra Bank A Canara Bank A ICICI Bank A IDBI Bank A Commercial Paper L&T Hydrocarbon Engineering A Aditya Birla Finance A M&M Financial Services A ICICI Sec Primary Dealership A Indiabulls Housing Finance A Export Import Bank of India A L&T Infrastructure Development Project A Small Industries Dev Bank of India A Shapoorji Pallonji and Company Private A Godrej Properties A TGS Investment & Trade Pvt A Tata Housing Development Co A JM Financial Credit Solution A India Infoline Finance A L&T Finance A Birla TMT Holdings Pvt A Corporate Bond 6.29 NAV ( `) : 31 March 2015 Name Rating % of NAV LIC Housing Finance AAA 0.78 Sundaram Finance AA Volkswagen Finance Pvt AAA 0.39 Aditya Birla Finance AA L&T Infrastructure Finance Co AA Tata Motors Finance AA 0.08 Treasury Bills Days Tbill (MD 02/04/2015) SOV Days Tbill (MD 22/05/2015) SOV 0.38 Bills Rediscounting 0.77 ICICI Bank 0.77 Net Current Asset Fund Performance Tata Capital A Under The IDFC-CF-Direct Growth IL&FS Financial Services A Fund Performance Under The IDFC-CF-Regular Growth Godrej Industries A % 17.17% 14.72% 14.72% 13.63% Sundaram Finance A % 10.94% 9.68% 11.31% 10.89% 10.39% 9.10% 9.63% 11.31% 9.54% 10.39% Kotak Mahindra Prime A % 9.54% (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC-CF Direct Growth Crisil Liquid Fund Index Past performance may or may not be sustained in future. Performance of the funds managed by the fund manager are given on page No Crisil 1 Year T-Bill Index Bajaj Finance A Cholamandalam Invt and Fin Co A HDFC AAA 4.08 Option Freq NAV Regular Growth Regular Dividend Daily Regular Dividend Weekly Regular Dividend ic Regular Dividend Monthly Direct Growth Direct Dividend Daily Direct Dividend Monthly Direct Dividend Weekly Direct Dividend ic (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC-CF Regular Growth Crisil Liquid Fund Index Crisil 1 Year T-Bill Index Past performance may or may not be sustained in future. 23

23 IDFC Ultra Short Term Fund FUND FEATURES Nature: Income Fund Average AUM (Jan-Mar 15): ` Crores Inception Date: 17 January 2006 Fund Manager: Mr. Anupam Joshi About the fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income. Other Parameter: Standard Deviation (Annualized): 0.42% Modified duration: Average Maturity: : Crisil Liquid Fund Index 323 days 349 days Yield to Maturity: 8.64% Standard Deviation is calculated on the basis of 1 year history of monthly data. ASSET QUALITY AAA Equivalent 68.33% AA % AA 7.36% IDFC Ultra Short Term Fund To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. Low Risk Blue Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Liquid Fund Index ## 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No (IDFC USTF) An Open Ended Income Fund : *Investors should consult their financial advisers if in doubt about whether the product is suitable Cholamandalam Invt and Fin Co AA 1.19 Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Name Rating % of NAV Name Rating % of NAV CBLO 0.09 Clearing Corporation of India 0.09 Certificate of Deposit IDBI Bank A ING Vysya Bank A Canara Bank A Andhra Bank A Axis Bank A Dena Bank A ICICI Bank A UCO Bank A Yes Bank A Corporate Bond L&T Infrastructure Finance Co AA L&T Housing Finance AA L&T Fincorp AA Tube Investments of India AA 3.57 Gruh Finance AA Shriram Transport Finance Company AA 2.60 Shriram Transport Finance Company AA HDFC AAA 2.14 Power Finance Corporation AAA 1.21 ^ # ## Jan 17, 2006 (Since Inception) % 7.47% 6.06% 19,544 19,402 17,190 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA Mar 30, 2012 To Mar 28, % 8.17% 8.33% IDFC AAA 0.67 NABARD AAA Commercial Paper Small Industries Dev Bank of India A JM Financial Products A Kotak Mahindra Investments A Afcons Infrastructure A HDFC A Zero Coupon Bonds 0.27 Aditya Birla Finance AA Net Current Asset NAV ( `) : Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Daily Regular Dividend ic Regular Dividend Weekly Regular Dividend Monthly Regular Dividend Quarterly Direct Growth Direct Dividend Daily Direct Dividend ic Direct Dividend Weekly Direct Dividend Monthly Direct Dividend Quarterly ^ # ## Jan 01, 2013 (Since Inception) % 9.11% 7.42% 12,273 12,162 11,743 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA 24

24 IDFC Money Manager Fund Treasury FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 18 February 2003 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income. Other Parameter: : NSE MIBOR INDEX ASSET QUALITY AAA Equivalent 76.05% AA % AA 11.75% IDFC Money Manager Fund - Treasury To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. Low Risk Blue (IDFC - MMF - TP) An Open Ended Income Fund Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # NSE Mibor Index, ## 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No : *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Crores Standard Deviation (Annualized): 0.37% Modified Duration: Average Maturity : 144 days 152 days Yield to Maturity: 8.37% Standard Deviation is calculated on the basis of 1 year history of monthly data. # Feb 18, 2003 (Since Inception) % 6.04% 5.72% 21,864 20,356 19,634 Mar 28, 2014 To Mar 31, % 5.78% 8.74% Mar 28, 2013 To Mar 28, % 5.74% 5.77% NA Mar 30, 2012 To Mar 28, % 6.43% 8.33% Name Rating % of NAV Name Rating % of NAV CBLO 0.12 Clearing Corporation of India 0.12 Certificate of Deposit The Jammu & Kashmir Bank A Andhra Bank A IDBI Bank A Bank of Maharashtra A Punjab & Sind Bank A ING Vysya Bank A Oriental Bank of Commerce A Corporation Bank A Axis Bank A State Bank of Hyderabad A Canara Bank A Dena Bank A UCO Bank A Union Bank of India A Bank of Baroda A Indusind Bank A ICICI Bank A Kotak Mahindra Bank A Corporate Bond Shriram Transport Finance Company AA 9.03 L&T Infrastructure Finance Co AA HDFC AAA 4.41 L&T Fincorp AA Tube Investments of India AA 2.72 Tata Capital Housing Finance AA Aditya Birla Finance AA Volkswagen Finance Pvt AAA 0.34 L&T Finance AA ^ # ## Tata Sons AAA 0.03 NABARD AAA 0.01 LIC Housing Finance AAA Commercial Paper Small Industries Dev Bank of India A Axis Finance A L&T Infrastructure Development Project A Tata Capital A HDFC A Shapoorji Pallonji and Company Private A Sesa Sterlite A JM Financial Products A Kotak Mahindra Investments A ICICI Sec Primary Dealership A Zero Coupon Bonds 0.27 LIC Housing Finance AAA 0.27 Net Current Asset 0.43 NAV ( `) : Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) March 2015 Option Freq NAV Regular Growth Regular Dividend Monthly Regular Dividend Daily Regular Dividend Weekly Direct Growth Direct Dividend Monthly Direct Dividend Daily Direct Dividend Weekly Direct Dividend ic # ^ # ## Jan 01, 2013 (Since Inception) % 5.73% 7.42% 12,200 11,333 11,743 Mar 28, 2014 To Mar 31, % 5.78% 8.74% NA Mar 28, 2013 To Mar 28, % 5.74% 5.77% 25

25 IDFC Banking Debt Fund FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Crores Inception Date: 07 March 2013 Fund Manager: Mr. Harshal Joshi (w.e.f. 1 August, 2014) About the fund: A dedicated Bank CD fund which seeks to benefit from the seasonality of money market rates. Other Parameter: Standard Deviation (Annualized): 0.47% Modified duration: 332 days Average Maturity: 332 days Yield to Maturity: 8.26% : CRISIL Short-Term Bond Fund Index Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC BDF) An Open Ended Income Fund : Name Rating % of NAV CBLO 0.71 Clearing Corporation of India 0.71 Certificate of Deposit Andhra Bank A Canara Bank A Corporation Bank A IDBI Bank A NAV ( `) : 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Regular Dividend Fortnightly Regular Dividend Daily Regular Dividend Monthly Regular Dividend Quarterly Regular Dividend Annual Direct Growth Direct Dividend Direct Dividend Fortnightly Direct Dividend Daily Direct Dividend Monthly Direct Dividend Quarterly Oriental Bank of Commerce A Axis Bank A ASSET QUALITY A1+Equivalent % IDFC Banking Debt Fund To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities issued by scheduled Commercial banks. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable Bank of Maharashtra A Net Current Asset Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Mar 07, 2013 (Since Inception) % 9.58% 7.35% 11,982 12,080 11,577 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. #CRISIL Short-Term Bond Fund Index, ##1Year T-Bill Performance of the funds managed by the fund manager are given on page No. 67 Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Mar 07, 2013 (Since Inception) % 9.58% 7.35% 12,010 12,080 11,577 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA 26

26 IDFC Money Manager Fund Investment FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 9 August 2004 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The Fund will invest in high quality money market and debt instruments and is positioned to have around 3 year roll down maturity strategy (the average maturity of the fund will keep coming down with each passing day) from February-March 2015 onwards to help manage the reinvestment risk of the portfolio. Other Parameter: Modified Duration: Average Maturity : : NSE MIBOR INDEX Crores Standard Deviation (Annualized): 0.42% 2.35 years 2.96 years Yield to Maturity: 8.48% Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC - MMF - IP) An Open Ended Income Fund : Name Rating % of NAV CBLO 1.06 Clearing Corporation of India 1.06 Corporate Bond Small Industries Dev Bank of India AAA Power Grid Corporation of India AAA Power Finance Corporation AAA L&T Fincorp AA Rural Electrification Corporation AAA NABARD AAA LIC Housing Finance AAA 9.03 Kotak Mahindra Prime AAA 6.28 Gruh Finance AA Shriram Transport Finance Company AA 2.08 HDB Financial Services AAA 1.32 Net Current Asset 2.25 NAV ( `) : ASSET QUALITY AAA Equivalent 82.72% AA % AA 2.08% IDFC Money Manager Fund - Investment To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Monthly Regular Dividend Daily Regular Dividend Weekly Regular Dividend Quarterly Regular Dividend Annual Direct Growth Direct Dividend Monthly Direct Dividend Daily Direct Dividend Weekly Direct Dividend ic Direct Dividend Quarterly Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Aug 09, 2004 (Since Inception) % 6.20% 5.82% 21,644 18,978 18,267 Mar 28, 2014 To Mar 31, % 5.78% 8.74% Mar 28, 2013 To Mar 28, % 5.74% 5.77% NA Mar 30, 2012 To Mar 28, % 6.43% 8.33% Performance of the funds managed by the fund manager are given on page No # ^ # ## Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # NSE Mibor Index, ## 1 Year T-Bill Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 5.73% 7.42% 12,156 11,333 11,743 Mar 28, 2014 To Mar 31, % 5.78% 8.74% NA Mar 28, 2013 To Mar 28, % 5.74% 5.77% 27

27 IDFC Super Saver Income Fund Short Term FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary (Since March 11, 2011) About the fund: A Short Term Income Fund, the portfolio is a mix of short duration corporate bonds and money market instruments. The average portfolio maturity will not ordinarily exceed 2 years. The fund will not have any exposure to government securities. Other Parameter: Modified Duration: Average Maturity: Crores Standard Deviation (Annualized): 0.90% 1.75 years 2.00 years Yield to Maturity: 8.49% : CRISIL Short-Term Bond Fund Index Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC - SSIF - ST) An Open Ended Income Fund : Name Rating % of NAV CBLO 0.18 Clearing Corporation of India 0.18 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA LIC Housing Finance AAA Power Grid Corporation of India AAA 9.81 HDFC AAA 8.30 Sesa Sterlite AA NABARD AAA 5.17 Kotak Mahindra Prime AAA 4.23 Shriram Transport Finance Company AA Ultratech Cement AAA 1.89 Tata Capital Housing Finance AA Kotak Mahindra Investments AAA 1.40 L&T Finance AA NTPC AAA 1.38 IDFC AAA 0.42 HDFC Bank AAA 0.05 HDB Financial Services AAA 0.04 Certificate of Deposit Canara Bank A IDBI Bank A ING Vysya Bank A Commercial Paper 0.66 HDFC A Net Current Asset 2.97 NAV ( `) : ASSET QUALITY AAA Equivalent 87.26% AA % IDFC Super Saver Income Fund-Short Term To generate optimal returns over short to medium term. Investments in good quality fixed income & Money Market securities. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Monthly Regular Dividend Fortnightly Regular Dividend ic Direct Growth Direct Dividend Monthly Direct Dividend Fortnightly Direct Dividend ic Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CRISIL Short-Term Bond Fund Index, ## 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No # ^ # ## Dec 14, 2000 (Since Inception) % NA 6.19% 28,525 NA 23,600 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Mar 30, 2012 To Mar 28, % 9.05% 8.33% Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.43% 7.42% 12,312 12,240 11,743 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA 28

28 IDFC Super Saver Income Fund Medium Term FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Crores Inception Date: 8 July 2003 Fund Manager: Mr. Anupam Joshi (Since March 2009) About the fund: The fund is positioned in the short term fund category and invests in a mix of debt and money market instruments. The fund can take tactical G sec exposure up to 25% of the portfolio. The overall average maturity of the fund is ordinarily capped at 4 years. MT is best suited for investors who want moderate participation. The 4 year average maturity cap makes the fund well suited to offer lower volatility yet benefit from potential fall in interest rates. Other Parameter: Standard Deviation (Annualized): 1.26% Modified Duration: Average Maturity : 2.81 years 3.91 years Yield to Maturity: 8.40% : Crisil Short Term Bond Fund Index Standard Deviation is calculated on the basis of 1 year history of monthly data. IDFC Super Saver Income Fund - Medium Term To generate optimal returns over short to medium term. Investments in high quality money market & debt instruments including G-Sec securities. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future Performance of the funds managed by the fund manager are given on page No (IDFC - SSIF-MT) An Open Ended Income Fund : Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Name Rating % of NAV Name Rating % of NAV CBLO 0.37 Clearing Corporation of India 0.37 Corporate Bond Sesa Sterlite AA LIC Housing Finance AAA 8.04 Rural Electrification Corporation AAA 5.53 Shriram Transport Finance Company AA Power Finance Corporation AAA 3.98 HDFC AAA 3.28 NABARD AAA 3.06 Power Grid Corporation of India AAA 2.94 IDFC AAA 2.26 Small Industries Dev Bank of India AAA 1.98 Shriram Transport Finance Company AA 1.84 NTPC AAA 1.54 Gruh Finance AA Lafarge India AA Sundaram Finance AA ICICI Bank AAA 0.77 Export Import Bank of India AAA 0.60 L&T Fincorp AA HDFC Bank AAA 0.33 Indian Railway Finance Corp AAA 0.16 Bajaj Finance AA L&T Finance AA Tata Sons AAA 0.05 Tata Capital Housing Finance AA Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 2.95 Certificate of Deposit Andhra Bank A Bank of Maharashtra A Punjab & Sind Bank A Axis Bank A Oriental Bank of Commerce A ^ # ## Jul 08, 2003 (Since Inception) % 7.02% 5.70% 23,558 22,180 19,176 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Mar 30, 2012 To Mar 28, % 9.05% 8.33% # CRISIL Short-Term Bond Fund Index, ## 1 Year T-Bill Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) March 2015 Bank of Baroda A Dena Bank A Canara Bank A ING Vysya Bank A Yes Bank A Indusind Bank A ICICI Bank A Commercial Paper 7.69 HDFC A Small Industries Dev Bank of India A Kotak Mahindra Investments A Zero Coupon Bonds 0.01 Sundaram Finance AA Net Current Asset 1.34 NAV ( `) : Option Freq NAV Regular Growth Regular Dividend BiMonthly Regular Dividend Fortnightly Regular Dividend Monthly Regular Dividend Daily Regular Dividend Quarterly Direct Growth Direct Dividend BiMonthly Direct Dividend Fortnightly Direct Dividend Monthly Direct Dividend Quarterly Direct Dividend Daily Direct Dividend ic ASSET QUALITY AAA Equivalent 80.67% AA % AA 1.84% # ^ # ## Jan 01, 2013 (Since Inception) % 9.43% 7.42% 12,179 12,240 11,743 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA 29

29 IDFC Super Saver Income Fund Investment FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Crores Inception Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010) About the fund: An actively managed bond fund which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation. Other Parameter: Standard Deviation (Annualized): 3.51% Modified Duration: Average Maturity: 8.51 years years Yield to Maturity: 7.82% : CRISIL Composite Bond Fund Index Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC - SSIF - IP) An Open Ended Income Fund : Name Rating % of NAV CBLO 0.48 Clearing Corporation of India 0.48 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 3.41 Corporate Bond 0.03 Shriram Transport Finance Company AA 0.03 Net Current Asset 0.35 NAV ( `) : ASSET QUALITY AAA Equivalent 99.97% AA 0.03% IDFC Super Saver Income Fund - Investment To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable 31 March 2015 Option Freq NAV Regular Dividend Quarterly Regular Growth Regular Dividend Annual Regular Dividend Half Yearly Direct Growth Direct Dividend Quarterly Direct Dividend Annual Direct Dividend ic AAA mfs by CRISIL Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Jul 14, 2000 (Since Inception) % NA NA 34,172 NA NA Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CRISIL Composite Bond Fund Index, ## 10 Year GOI Performance of the funds managed by the fund manager are given on page No # ^ # ## Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.17% 6.82% 12,601 12,177 11,595 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA 30

30 IDFC Dynamic Bond Fund FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Crores Inception Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010) About the fund: The fund is positioned in the income fund category to take exposure across the curve depending upon the fund manager s underlying interest rate view where we employ the majority of the portfolio. It is a wide structure and conceptually can go anywhere on the curve. The fund plays the trade of the season which we think will sustain for a longer period of time. Other Parameter: Standard Deviation (Annualized): 3.51% Modified Duration: 8.55 years Average Maturity : years Yield to Maturity: 7.82% : CRISIL Composite Bond Fund Index Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC - DBF) An Open Ended Income Fund : Name Rating % of NAV CBLO 0.63 Clearing Corporation of India 0.63 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.04 Corporate Bond 0.05 Rural Electrification Corporation AAA 0.05 NAV ( `) : ASSET QUALITY AAA Equivalent % IDFC Dynamic Bond Fund To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Regular Dividend Quarterly Regular Dividend Annual Regular Dividend Half Yearly Regular Dividend ic Direct Growth Direct Dividend Direct Dividend Quarterly Direct Dividend Annual Direct Dividend Half Yearly Direct Dividend ic AAA mfs by CRISIL Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Dec 03, 2008 (Since Inception) % 8.03% 5.16% 16,961 16,304 13,744 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # CRISIL Composite Bond Fund Index, ## 10 Year GOI Performance of the funds managed by the fund manager are given on page No ^ # ## Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.17% 6.82% 12,677 12,177 11,595 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA 31

31 IDFC Government Securities Fund Investment FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 09 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since Oct 15, 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: : I-Sec Composite Index Crores Standard Deviation (Annualized): 3.84% Modified duration: Average Maturity: 8.92 years years Yield to Maturity: 7.81% Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC GSF-IP) An Open Ended Dedicated Gilt Fund : Name Rating % of NAV CBLO 0.32 Clearing Corporation of India 0.32 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 1.99 NAV ( `) : ASSET QUALITY Sovereign % 31 March 2015 Option Freq NAV Regular Dividend Regular Growth Regular Dividend Quarterly Regular Dividend Annual Regular Dividend ic Regular Dividend Half Yearly Direct Growth Direct Dividend Direct Dividend Quarterly Direct Dividend Annual Direct Dividend ic % G-Sec SOV 0.17 Net Current Asset 0.87 IDFC Government Securities Fund - Investment To generate long term optimal returns. Investments in Government Securities and Treasury Bills. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Dec 03, 2008 (Since Inception) % NA 5.16% 16,686 NA 13,744 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Mar 30, 2012 To Mar 28, % 11.64% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # I-Sec Composite Index, ## 10 Year GOI Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 6.82% 12,882 12,296 11,595 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Performance of the funds managed by the fund manager are given on page No

32 IDFC Government Securities Fund Provident Fund FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Crores Inception Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: Standard Deviation (Annualized): 3.90% Modified duration: 9.15 years Average Maturity: years Yield to Maturity: 7.81% : I-SEC Composite Index Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC GSF-PF) An Open Ended Dedicated Gilt Fund : Name Rating % of NAV CBLO 0.23 Clearing Corporation of India 0.23 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.20 Net Current Asset 1.79 NAV ( `) : ASSET QUALITY Sovereign % IDFC Government Securities Fund - PF To generate optimal returns over short to medium term. Investments in Government Securities and Treasury Bills. Low Risk Blue *Investors should consult their financial advisers if in doubt about whether the product is suitable 31 March 2015 Option Freq NAV Regular Growth Regular Dividend Quarterly Regular Dividend Annual Direct Growth Direct Dividend Quarterly Direct Dividend Annual Direct Dividend ic Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) # Mar 29, 2004 (Since Inception) % 7.24% 5.04% 24,113 21,594 17,189 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Mar 30, 2012 To Mar 28, % 11.64% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # I-Sec Composite Index, ## 10 Year GOI ^ # ## Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 6.82% 12,941 12,296 11,595 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Performance of the funds managed by the fund manager are given on page No

33 IDFC Government Securities Fund Short Term FUND FEATURES Nature: Debt Average AUM (Jan-Mar 15): ` Inception Date: 09 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since Oct 15, 2010) About the fund: The fund is a mix of government bonds, state development loans (SDLs), treasury bills and cash management bills. It looks to generate stable returns through a mix of accrual income and capital appreciation. The residual maturity of any single security bought will not ordinarily exceed 10 years and the overall average maturity of the portfolio will not ordinarily exceed four years. Other Parameter: 6.89 Crores Standard Deviation (Annualized): 1.55% Modified duration: Average Maturity: : I-SEC Composite Index 3.51 years 4.65 years Yield to Maturity: 8.16% Standard Deviation is calculated on the basis of 1 year history of monthly data. (IDFC GSF-ST) An Open Ended Dedicated Gilt Fund : NAV ( `) : Name Rating % of NAV Option Freq NAV CBLO Regular Growth Regular Dividend Monthly Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV Net Current Asset 2.96 ASSET QUALITY Sovereign % IDFC Government Securities Fund - Short Term To generate short to medium term optimal returns. Investments in Government Securities and Treasury Bills. Low Risk Blue 31 March 2015 Regular Dividend Quarterly Regular Dividend Weekly Direct Growth Direct Dividend Monthly Direct Dividend ic Direct Dividend Quarterly *Investors should consult their financial advisers if in doubt about whether the product is suitable Fund Performance Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) Mar 09, 2002 (Since Inception) % NA 5.76% 20,066 NA 20,797 Mar 28, 2014 To Mar 31, % 15.58% 8.74% Mar 28, 2013 To Mar 28, % 3.91% 5.77% NA Mar 30, 2012 To Mar 28, % 11.64% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future. # I-Sec Composite Index, ## 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No # ^ # ## Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit) # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 7.42% 12,779 12,296 11,743 Mar 28, 2014 To Mar 31, % 15.58% 8.74% Mar 28, 2013 To Mar 28, % 3.91% 5.77% NA 34

34 IDFC Fixed Maturity IDFC YEARLY SERIES INTERVAL FUND - SERIES 1 Allotment Date : 22-Jan-13 Specified Transaction Dates: 27-Jan-16 & 28-Jan-16 IDFC YEARLY SERIES INTERVAL FUND - SERIES 2 Allotment Date : 12-Feb-13 Specified Transaction Dates: 18-Feb-16 & 19-Feb-16 IDFC YEARLY SERIES INTERVAL FUND - SERIES 3 Allotment Date : 21-Feb-13 Specified Transaction Dates: 26-Feb-16 & 29-Feb-16 CBLO 0.40 CBLO 0.26 Name of % to Net Asset CBLO 0.31 Clearing Corporation of India 0.40 Certificate of Deposit A Axis Bank A Kotak Mahindra Bank A ICICI Bank Commercial Paper A Tata Capital Net Current Asset 0.01 Clearing Corporation of India 0.26 Certificate of Deposit Canara Bank A Oriental Bank of Commerce A ICICI Bank A Andhra Bank A IDBI Bank A Net Current Asset 0.01 Clearing Corporation of India 0.31 Certificate of Deposit Bank of Maharashtra A Canara Bank A IDBI Bank A Andhra Bank A Net Current Asset 0.01 Dividend Growth IDFC YEARLY SERIES INTERVAL FUND - SERIES 1 investments in debt/money market instruments Dividend Growth IDFC YEARLY SERIES INTERVAL FUND - SERIES 2 Dividend Growth IDFC YEARLY SERIES INTERVAL FUND - SERIES 3 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

35 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 1 Allotment Date : 17-Aug-12 Date of Maturity: 20-Aug-15 CBLO 7.03 Clearing Corporation of India 7.03 Corporate Bond Power Finance Corporation AAA NABARD AAA IDFC AAA Housing Development Finance Corpn AAA Export Import Bank of India AAA 6.63 Volkswagen Finance Pvt AAA 1.53 Zero Coupon Bonds LIC Housing Finance AAA Certificate of Deposit 5.18 The Jammu & Kashmir Bank A Axis Bank A ING Vysya Bank A Net Current Asset 3.87 IDFC FMP - FIXED TERM PLAN SERIES 2 Allotment Date : 23-Aug-12 Date of Maturity: 24-Aug-15 Certificate of Deposit ICICI Bank A Kotak Mahindra Bank A Axis Bank A Commercial Paper IL&FS Financial Services A Net Current Asset 0.03 IDFC FMP - FIXED TERM PLAN SERIES 4 Allotment Date : 11-Oct-12 Date of Maturity: 14-Oct-15 CBLO 2.70 Clearing Corporation of India 2.70 Certificate of Deposit 3.44 ICICI Bank A Axis Bank A Corporate Bond NABARD AAA HDFC AAA IDFC AAA HDB Financial Services AAA Power Grid Corporation of India AAA LIC Housing Finance AAA 8.62 Export Import Bank of India AAA 3.45 Power Finance Corporation AAA 3.16 Indian Railway Finance Corp AAA 2.81 Net Current Asset 6.13 Dividend Growth IDFC FMP - FIXED TERM PLAN SERIES 1 investments in debt/money market instruments Dividend NA Growth IDFC FMP - FIXED TERM PLAN SERIES 2 Dividend Growth IDFC FMP - FIXED TERM PLAN SERIES 4 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

36 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 21 Allotment Date : 12-Jul-13 Date of Maturity: 09-Jul-15 CBLO 2.72 Clearing Corporation of India 2.72 Corporate Bond Power Grid Corporation of India AAA NABARD AAA IDFC AAA Volkswagen Finance Pvt AAA Kotak Mahindra Prime AAA Housing Development Finance Corporation AAA 9.97 Power Finance Corporation AAA 6.64 Certificate of Deposit 1.30 Axis Bank A Net Current Asset 6.32 IDFC FMP - FIXED TERM PLAN SERIES 23 Allotment Date : 26-Jul-13 Date of Maturity: 28-Jul-15 CBLO 0.38 Clearing Corporation of India 0.38 Corporate Bond IDFC AAA Power Finance Corporation AAA Housing Development Finance Corporation AAA L&T Infrastructure Finance Co AA Export Import Bank of India AAA 9.53 NABARD AAA 8.46 Tata Sons AAA 5.46 Volkswagen Finance Pvt AAA 2.62 Power Grid Corporation of India AAA 1.64 Certificate of Deposit 3.19 Axis Bank A ING Vysya Bank A Net Current Asset 6.00 IDFC FMP - FIXED TERM PLAN SERIES 24 Allotment Date : 01-Aug-13 Date of Maturity: 02-Aug-16 CBLO 0.07 Clearing Corporation of India 0.07 Corporate Bond Power Finance Corporation AAA Export Import Bank of India AAA Tata Capital Housing Finance AA Power Grid Corporation of India AAA NABARD AAA HDB Financial Services AAA 9.39 Zero Coupon Bonds Sundaram Finance AA Net Current Asset 5.26 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 21 IDFC FMP - FIXED TERM PLAN SERIES 23 IDFC FMP - FIXED TERM PLAN SERIES 24 investments in debt/money market instruments Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

37 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 25 Allotment Date : 08-Aug-13 Date of Maturity: 09-Aug-16 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA Sundaram Finance AA Ultratech Cement AAA LIC Housing Finance AAA Power Grid Corporation of India AAA 7.80 Zero Coupon Bonds Bajaj Finance AA Net Current Asset 5.11 IDFC FMP - FIXED TERM PLAN SERIES 26 Allotment Date : 14-Aug-13 Date of Maturity: 26-Sep-16 Corporate Bond IDFC AAA LIC Housing Finance AAA Power Finance Corporation AAA L&T Finance AA HDFC AAA 9.60 Certificate of Deposit Axis Bank A IDBI Bank A Net Current Asset 4.42 IDFC FMP - FIXED TERM PLAN SERIES 27 Allotment Date : 21-Aug-13 Date of Maturity: 22-Aug-16 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA Ultratech Cement AAA HDFC AAA 9.32 Zero Coupon Bonds Bajaj Finance AA Sundaram Finance AA Certificate of Deposit 8.72 ICICI Bank A Net Current Asset 3.49 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 25 IDFC FMP - FIXED TERM PLAN SERIES 26 IDFC FMP - FIXED TERM PLAN SERIES 27 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

38 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 28 Allotment Date : 30-Aug-13 Date of Maturity: 01-Sep-16 Corporate Bond Power Grid Corporation of India AAA Power Finance Corporation AAA National Housing Bank AAA NABARD AAA Shriram Transport Finance Company AA LIC Housing Finance AAA 7.09 Zero Coupon Bonds Housing Development Finance Corpn AAA Certificate of Deposit 1.06 Kotak Mahindra Bank A Net Current Asset 5.15 IDFC FMP - FIXED TERM PLAN SERIES 29 Allotment Date : 29-Aug-13 Date of Maturity: 31-May-15 Corporate Bond Power Grid Corporation of India AAA IDFC AAA LIC Housing Finance AAA Power Finance Corporation AAA HDFC AAA 5.81 Certificate of Deposit Axis Bank A IDBI Bank A Net Current Asset 3.77 IDFC FMP - FIXED TERM PLAN SERIES 31 Allotment Date : 29-Aug-13 Date of Maturity: 30-Aug-16 Corporate Bond Power Finance Corporation AAA Power Grid Corporation of India AAA Rural Electrification Corporation AAA HDFC AAA 9.21 Zero Coupon Bonds Sundaram Finance AA Bajaj Finance AA Certificate of Deposit 1.32 ICICI Bank A Net Current Asset 4.12 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 28 IDFC FMP - FIXED TERM PLAN SERIES 29 IDFC FMP - FIXED TERM PLAN SERIES 31 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

39 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 32 Allotment Date : 05-Sep-13 Date of Maturity: 06-Sep-16 CBLO 0.35 Clearing Corporation of India 0.35 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA IDFC AAA HDFC AAA 8.93 Zero Coupon Bonds Bajaj Finance AA Sundaram Finance AA Certificate of Deposit 0.68 ICICI Bank A Net Current Asset 3.98 IDFC FMP - FIXED TERM PLAN SERIES 33 Allotment Date : 13-Sep-13 Date of Maturity: 14-Sep-16 CBLO 0.78 Clearing Corporation of India 0.78 Zero Coupon Bonds Bajaj Finance AA Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA NABARD AAA Tata Capital Financial Services AA LIC Housing Finance AAA 9.33 Net Current Asset 4.20 IDFC FMP - FIXED TERM PLAN SERIES 34 Allotment Date : 17-Sep-13 Date of Maturity: 19-Sep-16 CBLO 0.22 Clearing Corporation of India 0.22 Corporate Bond NABARD AAA Power Finance Corporation AAA Rural Electrification Corporation AAA LIC Housing Finance AAA Tata Capital Financial Services AA Zero Coupon Bonds Bajaj Finance AA Net Current Asset 4.49 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 32 IDFC FMP - FIXED TERM PLAN SERIES 33 IDFC FMP - FIXED TERM PLAN SERIES 34 Capital appreciation and provide regular income over a long period of time. Investment primarily in debt securities to generate regular returns and investment of a portion of the 's assets in equity securities to generate long-term capital appreciation. Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

40 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 35 Allotment Date : 24-Sep-13 Date of Maturity: 26-Sep-16 CBLO 0.73 Clearing Corporation of India 0.73 Corporate Bond Rural Electrification Corporation AAA NABARD AAA Power Finance Corporation AAA Tata Capital Financial Services AA Bajaj Finance AA LIC Housing Finance AAA 9.61 Net Current Asset 5.01 IDFC FMP - FIXED TERM PLAN SERIES 39 Allotment Date : 27-Sep-13 Date of Maturity: 11-May-15 CBLO 2.82 Clearing Corporation of India 2.82 Corporate Bond IDFC AAA LIC Housing Finance AAA Power Finance Corporation AAA Mahindra & Mahindra Financial Services AA HDFC AAA 4.70 Certificate of Deposit Axis Bank A Net Current Asset 4.46 IDFC FMP - FIXED TERM PLAN SERIES 40 Allotment Date : 04-Oct-13 Date of Maturity: 05-Oct-16 CBLO 1.27 Clearing Corporation of India 1.27 Corporate Bond Power Finance Corporation AAA NNABARD AAA Rural Electrification Corporation AAA Tata Capital Financial Services AA LIC Housing Finance AAA Bajaj Finance AA Zero Coupon Bonds 6.09 Bajaj Finance AA Net Current Asset 4.61 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 35 IDFC FMP - FIXED TERM PLAN SERIES 39 IDFC FMP - FIXED TERM PLAN SERIES 40 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

41 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 41 Allotment Date : 11-Oct-13 Date of Maturity: 11-Jun-15 CBLO 3.12 Clearing Corporation of India 3.12 Corporate Bond Power Finance Corporation AAA IDFC AAA NABARD AAA L&T Infrastructure Finance Co AA Mahindra & Mahindra Financial Services AA LIC Housing Finance AAA 9.61 Certificate of Deposit Axis Bank A Net Current Asset 5.98 IDFC FMP - FIXED TERM PLAN SERIES 42 Allotment Date : 09-Oct-13 Date of Maturity: 13-Oct-16 CBLO 1.67 Clearing Corporation of India 1.67 Corporate Bond Power Finance Corporation AAA IDFC AAA Rural Electrification Corporation AAA Tata Capital Housing Finance AA Tata Capital Financial Services AA LIC Housing Finance AAA 9.33 Net Current Asset 4.74 IDFC FMP - FIXED TERM PLAN SERIES 44 Allotment Date : 23-Oct-13 Date of Maturity: 24-Oct-16 CBLO 1.89 Clearing Corporation of India 1.89 Corporate Bond Power Finance Corporation AAA IDFC AAA Rural Electrification Corporation AAA Tata Capital Housing Finance AA Tata Capital Financial Services AA LIC Housing Finance AAA 9.65 Net Current Asset 5.04 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 41 IDFC FMP - FIXED TERM PLAN SERIES 42 IDFC FMP - FIXED TERM PLAN SERIES 44 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

42 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 48 Allotment Date : 13-Nov-13 Date of Maturity: 07-May-15 IDFC FMP - FIXED TERM PLAN SERIES 49 Allotment Date : 28-Nov-13 Date of Maturity: 29-Nov-16 IDFC FMP - FIXED TERM PLAN SERIES 50 Allotment Date : 05-Dec-13 Date of Maturity: 06-Dec-16 CBLO 1.35 Clearing Corporation of India 1.35 Corporate Bond Power Finance Corporation AAA IDFC AAA Mahindra & Mahindra Financial Services AA Housing Development Finance Corporation AAA Certificate of Deposit Axis Bank A Zero Coupon Bonds Sundaram Finance AA Net Current Asset 5.01 CBLO 0.28 Clearing Corporation of India 0.28 Corporate Bond IDFC AAA Power Finance Corporation AAA Rural Electrification Corporation AAA Tata Capital Housing Finance AA HDB Financial Services AAA Shriram Transport Finance Company AA Net Current Asset 4.21 CBLO 0.19 Clearing Corporation of India 0.19 Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Tata Capital Financial Services AA HDB Financial Services AAA Ultratech Cement AAA Tata Capital Housing Finance AA IDFC AAA 7.44 Net Current Asset 3.88 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 48 IDFC FMP - FIXED TERM PLAN SERIES 49 IDFC FMP - FIXED TERM PLAN SERIES 50 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

43 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 51 Allotment Date : 06-Dec-13 Date of Maturity: 11-May-15 IDFC FMP - FIXED TERM PLAN SERIES 52 Allotment Date : 13-Dec-13 Date of Maturity: 14-Dec-16 IDFC FMP - FIXED TERM PLAN SERIES 54 Allotment Date : 17-Dec-13 Date of Maturity: 19-Dec-16 CBLO 1.37 Clearing Corporation of India 1.37 Corporate Bond IDFC AAA LIC Housing Finance AAA Power Finance Corporation AAA Kotak Mahindra Prime AAA 6.85 Mahindra & Mahindra Financial Services AA Certificate of Deposit Axis Bank A Zero Coupon Bonds Sundaram Finance AA Net Current Asset 3.12 CBLO 1.45 Clearing Corporation of India 1.45 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA Housing Development Finance Corporation AAA NABARD AAA Shriram Transport Finance Company AA Tata Capital Housing Finance AA Net Current Asset 4.90 CBLO 1.39 Clearing Corporation of India 1.39 Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Ultratech Cement AAA Shriram Transport Finance Company AA Housing Development Finance Corporation AAA Tata Capital Housing Finance AA Tata Capital Financial Services AA Net Current Asset 3.66 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 51 IDFC FMP - FIXED TERM PLAN SERIES 52 IDFC FMP - FIXED TERM PLAN SERIES 54 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

44 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 57 Allotment Date : 27-Dec-13 Date of Maturity: 14-May-15 CBLO 2.33 Clearing Corporation of India 2.33 Corporate Bond Power Finance Corporation AAA IDFC AAA Kotak Mahindra Prime AAA LIC Housing Finance AAA 8.64 HDFC Bank AAA 4.31 Certificate of Deposit Axis Bank A Zero Coupon Bonds Mahindra & Mahindra Financial Services AA Net Current Asset 3.15 IDFC FMP - FIXED TERM PLAN SERIES 59 Allotment Date : 31-Dec-13 Date of Maturity: 02-Jan-17 CBLO 4.78 Clearing Corporation of India 4.78 Corporate Bond Housing Development Finance Corporation AAA Power Finance Corporation AAA Rural Electrification Corporation AAA Ultratech Cement AAA Shriram Transport Finance Company AA NABARD AAA 4.85 HDB Financial Services AAA 4.81 Net Current Asset 3.56 IDFC FMP - FIXED TERM PLAN SERIES 60 Allotment Date : 03-Jan-14 Date of Maturity: 19-May-15 CBLO 5.49 Clearing Corporation of India 5.49 Corporate Bond Power Finance Corporation AAA Kotak Mahindra Prime AAA IDFC AAA LIC Housing Finance AAA 8.23 Mahindra & Mahindra Financial Services AA L&T Finance AA Certificate of Deposit Axis Bank A Net Current Asset 5.03 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 57 IDFC FMP - FIXED TERM PLAN SERIES 59 IDFC FMP - FIXED TERM PLAN SERIES 60 Performance of the funds managed by the fund manager are given on page No Performance of the funds managed by the fund manager are given on page No

45 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 62 Allotment Date : 10-Jan-14 Date of Maturity: 26-May-15 Corporate Bond IDFC AAA Power Finance Corporation AAA Kotak Mahindra Prime AAA L&T Finance AA LIC Housing Finance AAA 9.19 Certificate of Deposit Axis Bank A IDBI Bank A Net Current Asset 6.69 IDFC FMP - FIXED TERM PLAN SERIES 64 Allotment Date : 16-Jan-14 Date of Maturity: 08-Apr-15 CBLO 0.22 Clearing Corporation of India 0.22 Certificate of Deposit UCO Bank A Axis Bank A Canara Bank A ICICI Bank A Zero Coupon Bonds Bajaj Finance AA Corporate Bond 8.37 LIC Housing Finance AAA 8.37 Net Current Asset 0.80 IDFC FMP - FIXED TERM PLAN SERIES 65 Allotment Date : 29-Jan-14 Date of Maturity: 30-Jan-17 CBLO 1.47 Clearing Corporation of India 1.47 Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Ultratech Cement AAA Shriram Transport Finance Company AA Housing Development Finance Corporation AAA L&T Finance AA Net Current Asset 9.02 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 62 IDFC FMP - FIXED TERM PLAN SERIES 64 IDFC FMP - FIXED TERM PLAN SERIES 65 46

46 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 66 Allotment Date : 23-Jan-14 Date of Maturity: 08-Apr-15 CBLO 4.93 Clearing Corporation of India 4.93 Certificate of Deposit Axis Bank A UCO Bank A IDBI Bank A Corporate Bond LIC Housing Finance AAA Zero Coupon Bonds Bajaj Finance AA Net Current Asset 1.61 IDFC FMP - FIXED TERM PLAN SERIES 67 Allotment Date : 06-Feb-14 Date of Maturity: 07-Feb-17 Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Ultratech Cement AAA Housing Development Finance Corporation AAA Shriram Transport Finance Company AA L&T Finance AA Net Current Asset 9.00 IDFC FMP - FIXED TERM PLAN SERIES 69 Allotment Date : 18-Feb-14 Date of Maturity: 20-Feb-17 Corporate Bond Power Finance Corporation AAA Housing Development Finance Corporation AAA Rural Electrification Corporation AAA Ultratech Cement AAA L&T Finance AA Shriram Transport Finance Company AA Power Grid Corporation of India AAA 1.85 Net Current Asset 8.44 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 66 IDFC FMP - FIXED TERM PLAN SERIES 67 IDFC FMP - FIXED TERM PLAN SERIES 69 47

47 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 70 Allotment Date : 07-Feb-14 Date of Maturity: 08-Apr-15 CBLO 4.95 Clearing Corporation of India 4.95 Certificate of Deposit Axis Bank A UCO Bank A IDBI Bank A Corporate Bond LIC Housing Finance AAA Zero Coupon Bonds Bajaj Finance AA Net Current Asset 1.60 IDFC FMP - FIXED TERM PLAN SERIES 71 Allotment Date : 06-Feb-14 Date of Maturity: 11-Apr-16 CBLO Clearing Corporation of India Corporate Bond Power Finance Corporation AAA NABARD AAA LIC Housing Finance AAA IDFC AAA Lafarge India AA Tata Sons AAA 5.36 Net Current Asset 1.03 IDFC FMP - FIXED TERM PLAN SERIES 72 Allotment Date : 13-Feb-14 Date of Maturity: 08-Apr-15 CBLO 4.97 Clearing Corporation of India 4.97 Certificate of Deposit Axis Bank A UCO Bank A IDBI Bank A Corporate Bond LIC Housing Finance AAA Zero Coupon Bonds Bajaj Finance AA Net Current Asset 1.69 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 70 IDFC FMP - FIXED TERM PLAN SERIES 71 IDFC FMP - FIXED TERM PLAN SERIES 72 48

48 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 74 Allotment Date : 21-Feb-14 Date of Maturity: 08-Apr-15 CBLO 8.50 Clearing Corporation of India 8.50 Certificate of Deposit UCO Bank A Axis Bank A ICICI Bank A Zero Coupon Bonds Bajaj Finance AA Corporate Bond LIC Housing Finance AAA Net Current Asset 1.32 IDFC FMP - FIXED TERM PLAN SERIES 75 Allotment Date : 26-Feb-14 Date of Maturity: 08-Apr-15 CBLO 4.96 Clearing Corporation of India 4.96 Certificate of Deposit UCO Bank A Axis Bank A ICICI Bank A Zero Coupon Bonds Bajaj Finance AA Corporate Bond 1.38 Housing Development Finance Corporation AAA 1.38 Net Current Asset 0.21 IDFC FMP - FIXED TERM PLAN SERIES 77 Allotment Date : 05-Mar-2014 Date of Maturity: 08-Apr-2015 CBLO 2.40 Clearing Corporation of India 2.40 Certificate of Deposit UCO Bank A Axis Bank A ICICI Bank A Corporate Bond HDFC AAA LIC Housing Finance AAA 4.62 Zero Coupon Bonds Bajaj Finance AA Net Current Asset 2.26 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 74 IDFC FMP - FIXED TERM PLAN SERIES 75 IDFC FMP - FIXED TERM PLAN SERIES 77 49

49 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 78 Allotment Date : 11-Mar-2014 Date of Maturity: 12-Mar-2018 CBLO 0.68 Clearing Corporation of India 0.68 Zero Coupon Bonds Aditya Birla Finance AA Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Export Import Bank of India AAA Tata Capital Housing Finance AA HDFC AAA Net Current Asset 1.25 IDFC FMP - FIXED TERM PLAN SERIES 79 Allotment Date : 14-Mar-2014 Date of Maturity: 08-Apr-2015 CBLO Clearing Corporation of India Certificate of Deposit ICICI Bank A Axis Bank A UCO Bank A IDBI Bank A Corporate Bond 1.67 Housing Development Finance Corporation AAA 1.67 Net Current Asset 0.19 IDFC FMP - FIXED TERM PLAN SERIES 83 Allotment Date : 13-Mar-2014 Date of Maturity: 14-Mar-2017 CBLO 4.40 Clearing Corporation of India 4.40 Corporate Bond Power Finance Corporation AAA Rural Electrification Corporation AAA Power Grid Corporation of India AAA Shriram Transport Finance Company AA Housing Development Finance Corporation AAA L&T Finance AA Net Current Asset 7.59 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 78 IDFC FMP - FIXED TERM PLAN SERIES 79 IDFC FMP - FIXED TERM PLAN SERIES 83 50

50 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 84 Allotment Date : 12-Mar-2014 Date of Maturity: 02-Apr-2015 CBLO Clearing Corporation of India Certificate of Deposit Axis Bank A ICICI Bank A UCO Bank A Canara Bank A Net Current Asset 0.02 IDFC FMP - FIXED TERM PLAN SERIES 85 Allotment Date : 19-Mar-2014 Date of Maturity: 20-Mar-2017 Corporate Bond Rural Electrification Corporation AAA Power Grid Corporation of India AAA Power Finance Corporation AAA Housing Development Finance Corporation AAA Zero Coupon Bonds Bajaj Finance AA Aditya Birla Finance AA Certificate of Deposit 8.11 Oriental Bank of Commerce A Net Current Asset 0.67 IDFC FMP - FIXED TERM PLAN SERIES 86 Allotment Date : 19-Mar-2014 Date of Maturity: 02-Apr-2015 CBLO 9.39 Clearing Corporation of India 9.39 Certificate of Deposit ICICI Bank A Axis Bank A IDBI Bank A UCO Bank A Canara Bank A Net Current Asset 0.01 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 84 IDFC FMP - FIXED TERM PLAN SERIES 85 IDFC FMP - FIXED TERM PLAN SERIES 86 51

51 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 88 Allotment Date : 26-Mar-2014 Date of Maturity: 02-Apr-2015 CBLO Clearing Corporation of India Certificate of Deposit ICICI Bank A Axis Bank A UCO Bank A Canara Bank A Net Current Asset 0.03 IDFC FMP - FIXED TERM PLAN SERIES 89 Allotment Date : 27-Mar-14 Date of Maturity: 07-Apr-16 CBLO 2.62 Clearing Corporation of India 2.62 Corporate Bond LIC Housing Finance AAA IDFC AAA Rural Electrification Corporation AAA Power Finance Corporation AAA Volkswagen Finance Pvt AAA Bajaj Finance AA NABARD AAA 5.93 Certificate of Deposit 4.69 UCO Bank A Net Current Asset 1.76 IDFC FMP - FIXED TERM PLAN SERIES 90 Allotment Date : 10- April Date of Maturity: 07-Apr-16 CBLO 7.16 Clearing Corporation of India 7.16 Corporate Bond Rural Electrification Corporation AAA Power Finance Corporation AAA Housing Development Finance Corporation AAA IDFC AAA Volkswagen Finance Pvt AAA Bajaj Finance AA NABARD AAA 2.40 Net Current Asset 1.40 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 88 IDFC FMP - FIXED TERM PLAN SERIES 89 Regular fixed income over long term IDFC FMP - FIXED TERM PLAN SERIES 90 52

52 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 91 Allotment Date : 16- Apr-2014 Date of Maturity: 20-Apr-15 Certificate of Deposit ICICI Bank A Yes Bank A ING Vysya Bank A Kotak Mahindra Bank A Net Current Asset 0.17 IDFC FMP - FIXED TERM PLAN SERIES 92 Allotment Date : 07- May-14 Date of Maturity: 11-May-15 CBLO 0.56 Clearing Corporation of India 0.56 Certificate of Deposit The Jammu & Kashmir Bank A Yes Bank A Axis Bank A Commercial Paper Cholamandalam Investment and Finance Company A Net Current Asset 0.27 IDFC FMP - FIXED TERM PLAN SERIES 93 Allotment Date : 13- May-14 Date of Maturity: 14-May-15 Certificate of Deposit Yes Bank A Indusind Bank A Axis Bank A ING Vysya Bank A ICICI Bank A Kotak Mahindra Bank A Commercial Paper Cholamandalam Investment and Finance Company A Net Current Asset 0.28 Growth Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 91 IDFC FMP - FIXED TERM PLAN SERIES 92 IDFC FMP - FIXED TERM PLAN SERIES 93 53

53 IDFC Fixed Maturity IDFC FMP - FIXED TERM PLAN SERIES 97 Allotment Date : 03- June-14 Date of Maturity: 04-June-15 Certificate of Deposit IDFC FMP - FIXED TERM PLAN SERIES 99 Allotment Date : 12- June-14 Date of Maturity: 15-June-15 CBLO 1.19 Yes Bank A Clearing Corporation of India 1.19 Indusind Bank A Certificate of Deposit ICICI Bank A The Jammu & Kashmir Bank A Commercial Paper ING Vysya Bank A Cholamandalam Investment and Axis Bank A Finance Company A Karur Vysya Bank A Net Current Asset 0.31 Net Current Asset 0.12 Growth Growth IDFC FMP - FIXED TERM PLAN SERIES 97 IDFC FMP - FIXED TERM PLAN SERIES 99 54

54 Fund Snapshot IDFC Dynamic Equity Fund (IDFC - DEF) IDFC Classic Equity Fund (IDFC - CEF) IDFC Equity Fund (IDFC - EF) IDFC Imperial Equity Fund (IDFC - IEF) IDFC Infrastructure Fund (IDFC - IF) IDFC Nifty Fund (IDFC-NF) IDFC Premier Equity Fund (IDFC - PEF) IDFC Sterling Equity Fund (IDFC - SEF) IDFC Equity Opportunity - Series 1 Nature of the Inception Date An Open - Ended Equity Fund October 10, 2014 Open - Ended Equity Fund August 9, 2005 Open - Ended Equity Fund June 9, 2006 Open - Ended Equity Fund March 16, 2006 Open - Ended Equity Fund March 8, 2011 Open - Ended Index Linked Equity April 30, 2010 Open - Ended Equity Fund September 28, 2005 Open - Ended Equity Fund March 7, 2008 Close Ended Equity Fund April 15, 2013 Investment Objective Fund Manager The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital a p p r e c i a t i o n t h r o u g h investment in Debt & Money Market instruments. Ms. Punam Sharma & Mr. Anupam Joshi The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However, there is no assurance or g u a r a n t e e t h a t t h e objectives will be realized. Mr. Ankur Arora (w.e.f. 14 Mar, 2012) The investment objective is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments ( i n c l u d i n g E q u i t y Derivatives). The scheme may also invest in debt & m o n e y m a r k e t instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the scheme will be realized. Mr. Kenneth Andrade (w.e.f. 27th June 2013) The investment objective of the scheme is to seek to g e n e r a t e c a p i t a l appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives will be realized. Mr. Ankur Arora ( w.e.f. 27th June 2013) The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of c o m p a n i e s t h a t a r e p a r t i c i p a t i n g i n a n d benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized. Mr. Rajendra Mishra (w.e.f. 27th June 2013) The investment objective of the scheme is to replicate the CNX Nifty Index by investing in securities of the CNX Nifty Index in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. Ms. Punam Sharma (w.e.f. 3 Oct, 2011) The shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to long-term trends in the business environment. The shall endeavor to accumulate longterm investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short-term money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined manageable corpus (approximate amount), which will be decided by the fund manager depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long-term objectives of the fund. Mr. Kenneth Andrade The investment objective of the is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap Index. The may also invest in stocks other than mid cap stocks (i.e. in stocks, which have a market capitalisation of above the market capitalisation range of the defined small - midcap stocks) and derivatives. On defensive consideration, the may also invest in debt and money market instruments. In case of discontinuation / suspension of CNX Midcap Index, the AMC reserves the right to modify the definition of Mid cap and Small cap companies. In case of such a modification, the interest of investors will be of paramount importance. There can be no assurance that the investment objective will be realized. Mr. Aniruddha Naha (w.e.f. 27th June 2013) The primary objective of the is to seek and generate capital appreciation from a portfolio that is invested in equity and equity related securities of the companies. The fund will invest in either growth stocks or value stocks or both without any capitalization bias. as and when the fund manager is of the view that the investment has met its desired objective, the same shall be liquidated and distributed by way of dividend. however there can be no assurance that the investment objective of theschemewill be realized. Mr. Kenneth Andrade (Since Inception) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years Minimum Investment Amount ` 5,000/- and in multiples of ` 1/-thereafter.1.5% if redeemed /switched out within 18 months from the date of allotment ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 500/- and in multiples of ` 1/- thereafter. ` 10,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5000/- and in multiples of ` 10/- thereafter. Entry Load NIL Exit Load 1.5% if redeemed/ switched out within 18 months from the date of allotment 2.00% for all investment including SIP/Micro SIP/STP of the applicable NAV if redeemed /switched out within 18 months from the date of allotment. (w.e.f April 1, 2013) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1 Sept 2009) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1 Sept 2009) 1.00% if redeemed before 365 days from the date of allotment. All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged. (w.e.f. 07 Nov, 2011) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1Sept 2009) 2.00% for all investment including SIP/Micro SIP/STP of the applicable NAV if redeemed /switched out within 18 months from the date of allotment. (w.e.f April 1, 2013) NIL Options Available Dividend Re-investment Growth, Dividend (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV G r o w t h, D i v i d e n d (Payout, Reinvestment and Sweep (from Equity S c h e m e s t o D e b t s only)) At Ex-Dividend NAV Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity S c h e m e s t o D e b t s only)) At Ex-Dividend NAV Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV G r o w t h, D i v i d e n d ( Pa y o u t, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV Dividend (Payout and sweep (any scheme of IDFC Mutual Fund (except IDFC Premier Equity Fund))) - SIP (Minimum Amount) ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- `500/- ` 2,000/- ` 1,000/- - SIP Frequency Monthly( Any day of Month) Monthly Monthly Monthly Monthly Monthly Monthly Monthly - SIP Dates (Monthly) Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month - Lock in 3 year Face Value ( `/Unit) ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- NAV Frequency All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business days CNX Nifty Index & Crisil Balanced Fund Index S&P BSE 200 CNX Nifty CNX Nifty CNX Infrastructure Index (w.e.f. 07 Dec, 2011) CNX Nifty S&P BSE 500 CNX Midcap S&P BSE 500 Index 55

55 Fund Snapshot IDFC Equity Opportunity - Series 2 IDFC Equity Opportunity - Series 3 IDFC Tax Advantage (ELSS) Fund (IDFC-TA(ELSS) IDFC Tax Saver (ELSS) Fund (IDFC-TS(ELSS) IDFC Arbitrage Fund (IDFC-AF) IDFC Arbitrage Plus Fund (IDFC - APF) IDFC Asset Allocation Fund of Fund - Conservative (IDFC - AAF - CP) IDFC Asset Allocation Fund of Fund - Moderate (IDFC- AAF-MP) IDFC Asset Allocation Fund of Fund - Aggressive (IDFC- AAF-AP) Nature of the Inception Date Close Ended Equity scheme January 31, 2014 Close Ended Equity scheme February 28, 2014 Open ended Equity Linked Saving with lock in period of 3 years December 26, year closed ended Equity Linked Saving March 15, 2007 Open - Ended Equity Fund December 21, 2006 Open - Ended Equity Fund June 9, 2008 Open - Ended Fund of Funds February 11, 2010 Open - Ended Fund of Funds February 11, 2010 Open - Ended Fund of Funds February 11, 2010 Investment Objective Fund Manager The primary investment objective of the is to seek to generate capital appreciation from a portfolio that is invested in equity and equity related securities of Indian and foreign companies. The Fund will invest in either growth stocks or value stocks or both without any capitalization bias. As and when the fund manager is of the view that the investment has met its desired objective, the same shall be liquidated and distributed by way of dividend. However, there can be no assurance that the investment objective of the will be realized Ms. Punam Sharma The primary investment objective of the is to seek to generate capital appreciation from a portfolio that is invested in equity and equity related securities of Indian and foreign companies. The Fund will invest in either growth stocks or value stocks or both without any capitalization bias. As and when the fund manager is of the view that the investment has met its desired objective, the same shall be liquidated and distributed by way of dividend. However, there can be no a s s u r a n c e t h a t t h e investment objective of the will be realized. Mr. Ankur Arora The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective will be realised. Mr. Aniruddha Naha (w.e.f. 11 May, 2013) The investment objective of the is to seek to generate long term capital growth from a d i v e r s i f i e d p o r t f o l i o o f predominantly equity and equity related instruments. There can be no assurance that the investment objective will be realised. Mr. Aniruddha Naha (w.e.f. 11 May, 2013) The investment objective of the is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. Mr. Yogik Pitti (w.e.f. 27th June 2013) The investment objective of the is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities a v a i l a b l e w i t h i n t h e derivative segment, by using other derivative based strategies and by investing the balance in debtand money market instruments. However there is no assurance that the investment objective of the scheme will be realized. Mr. Yogik Pitti (w.e.f. 27th June 2013) The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. Ms.Punam Sharma (w.e.f. 3 Oct, 2011) The primary objective of is to The primary objective of is to generate capital appreciation generate capital appreciation through investment in different through investment in different Mutual Funds schemes primarily Mutual Funds schemes primarily local funds based on a defined asset local funds based on a defined asset allocation model. However, there can allocation model. However, there can be no assurance that the investment be no assurance that the investment objective will be objective will be realized. realized. Ms.Punam Sharma (w.e.f. 3 Oct, 2011) Ms.Punam Sharma (w.e.f. 3 Oct, 2011) Ideal Investment Horizon 3 Years 21 Months 3 Years or more - 1 Year or more 1 Year or more 2 Years or more 2 Years or more 2 Years or more Minimum Investment Amount ` 5,000/- and multiples of `10/- ` 5,000/- and in multiples of ` 1/- thereafter. ` 500/- and in multiples of ` 500/- thereafter. ` 500/- and in multiples of ` 500/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- thereafter. thereafter. Entry Load Not applicable Not applicable Exit Load Options Available Dividend Re-investment Dividend - Dividend - G r o w t h, D i v i d e n d ( Pa y o u t, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV (w.e.f. 4 Sep,2009) Growth, Dividend (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend NAV 0.25% for 3 months (w.e.f. 8 April, 2013) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) - Annual & Regular At Ex-Dividend NAV 0.25% if redeemed / switched-out on or before 3 month from the date of allotment (w.e.f. 24th December 2014) G r o w t h, D i v i d e n d - (Payout, Reinvestment and Sweep (from Equity S c h e m e s t o D e b t s only)) - Annual & Regular At Ex-Dividend NAV 1.50% if redeemed before 18 months from the date of allotment. Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend NAV 1.50% if redeemed before 18 months from the date of allotment. Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend NAV 1.50% if redeemed before 18 months from the date of allotment. Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend NAV SIP (Minimum Amount) - - ` 500/- NA ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- SIP Frequency NA NA Monthly NA Monthly Monthly Monthly Monthly Monthly SIP Dates (Monthly) NA NA Any day of Month NA Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Lock in 3 years 21 months 3 Years 3 Years Face Value ( `/Unit) ` 10/- each ` 10/- each ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- NAV Frequency Daily Daily All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days S&P BSE 500 Index S&P BSE 500 Index S&P BSE 200 S&P BSE 200 Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil MIP Blended Index Crisil MIP Blended Index Crisil Balanced Fund Index 56

56 Fund Snapshot IDFC Monthly Income (IDFC-MIP) IDFC Cash Fund IDFC Money Manager Fund - Treasury IDFC Money Manager Fund - Investment IDFC Super Saver Income Fund - Short Term IDFC Super Saver Income Fund - Medium Term IDFC Super Saver Income Fund - Investment Nature of the Open - Ended Debt Fund Open - Ended Liquid Fund Open - Ended Income Fund Open - Ended Income Fund Open - Ended Income Fund Open - Ended Income Fund Open - Ended Income Fund Inception Date February 25, 2010 July 2, 2001 February 18, 2003 August 9, 2004 December 14, 2000 July 8, 2003 July 14, 2000 Investment Objective The primary objective of is to generate regular returns through investment primarily in debt securities. The secondary objective of the is to generate long-term capital appreciation by investing a portion of the 's assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. IDFC - CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However, there can be no assurance that the investment objectives will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives will be realized. Fund Manager Ms. Punam Sharma & Mr. Anupam Joshi (w.e.f. 20th October 2014) Mr. Anupam Joshi Mr. Anupam Joshi Mr. Anupam Joshi Mr. Suyash Choudhary Mr. Anupam Joshi Mr. Suyash Choudhary Ideal Investment Horizon 1 Year or more 1 Week or more 15 Days or more 12 Months or more 9 Months or more 3 Years or more 3 Years or more Minimum Investment Amount ` 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- thereafter. thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/-thereafter. ` thereafter. 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- thereafter. ` 5,000/- and in multiples of ` 1/- thereafter. Entry Load Exit Load 1% of the NAV shall be applicable to investors who redeem/switch out of such investments within one year (365 Days) from the date of subscription applying First in First Out basis, (including allotment through SIP/STP). Exit Load for all investment including SIP/Micro SIP/STP shall be 0.25% of the applicable NAV if redeemed / switched out within One Month from the date of allotment. (w.e.f March 01, 2011) 0.25% if redeemed / switched-out on or before one (1) month from the date of allotment (w.e.f. 09th December 2014) 0.50% if redeemed on or before 3 months from the date of allotment. (w.e.f. Nov 17, 2014) A: 1.00% if redeemed before 365 days from the date of allotment. Options Available Growth, Dividend - Quarterly, Regular & ic Growth, Dividend - Daily, Weekly, Monthly & ic Growth, Dividend - Daily, Weekly, Monthly & ic Growth, Dividend - Daily, Weekly, Monthly, Quarterly, Annual & ic Growth, Dividend - Fortnightly (Payout & Reinvestment), Monthly & ic Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment), Monthly, Bi - Monthly (once in two months), Quarterly & ic Growth, Dividend - Quarterly, Half Yearly, Annual & ic Dividend Re-investment At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV SIP (Minimum Amount) ` 1,000/- A: ` 1,000/- ` 1,000/- A: ` 1,000/- A: ` 1,000/- A: ` 1,000/- ` 1,000/- SIP Frequency Monthly Monthly Monthly Monthly Monthly Monthly Monthly SIP Dates (Monthly) Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Lock in Face Value ( `/Unit) ` 10/- ` 1000/- (w.e.f. 05 Nov, 2011) ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- NAV Frequency All Business Days Daily All Business Days All Business Days All Business Days All Business Days All Business Days Crisil MIP Blended Index Crisil Liquid Fund Index NSE MIBOR Index NSE MIBOR Index CRISIL Short Term Bond Fund Index CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index 57

57 Fund Snapshot IDFC Dynamic Bond Fund IDFC Government Securities Fund - Investment IDFC Government Securities Fund - Provident Fund IDFC Government Securities Fund - Short Term IDFC Ultra short Term Fund IDFC All Seasons Bond Fund IDFC Banking Debt Fund Nature of the Open - Ended Income Fund Open - Ended Dedicated Gilt Fund Open Ended - Dedicated Gilt Fund Open - Ended Dedicated Gilt Fund Open - Ended Income Fund Open - Ended Fund of Funds Open - Ended Income Fund Inception Date June 25, 2002 March 9, 2002 March 29, 2004 March 9, 2002 January 17, 2006 September 13, 2004 March 07, 2013 Investment Objective Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the will be realized. IDFC GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective will be realized. Seek to generate optimal returns with high liquidity by investing in Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective will be realized. To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective will be realized. Seek to generate optimal returns with high liquidity by active management of t h e p o r t f o l i o b y i n v e s t i n g predominantly in debt oriented mutual fund schemesand money market instruments. However, there can be no assurance that the investment objectives of the will be realized The primary objective is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt & money market instrument issued by schedule commercial banks. However, there can be no assurance or guarantee that the objective realized Fund Manager Mr. Suyash Choudhary Mr. Suyash Choudhary (w.e.f. 15 Oct 2010) Mr. Suyash Choudhary (w.e.f. 15 Oct 2010) Mr. Suyash Choudhary (w.e.f. 15 Oct 2010) Mr. Anupam Joshi Mr. Suyash Choudhary (w.e.f. 15 Oct 2010) Mr. Harshal Joshi (w.e.f. 1 August, 2014) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 9 Months or more 15 Days or more 12 Months or more 3 Years or more Minimum Investment Amount ` 5,000/- and in multiples of ` 1/- thereafter. ` thereafter. 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- thereafter. ` thereafter. 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- ` 5,000/- and in multiples of ` 1/- thereafter. thereafter. ` 5,000 /- and in multiple of Re. 1/- thereafter Entry Load (w.e.f. 11th December 2014) Exit Load 0.50% of the applicable NAV if redeemed / switched out within 3 months from the date of allotment (w.e.f. 01 July 2012) (w.e.f. 15 Jul 2011) (w.e.f. 11-Dec-2014) (w.e.f. 29-Jun-2012) 0.50% if redeemed or switched before 3 months (w.e.f. 09 Oct 2013) All Investment including SIP/Micro SIP/STP/FOF if redeemed/ switched out within 7 days from the date of allotment 0.15%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the. Options Available Growth, Dividend - Quarterly (March, June, September & December), Half Yearly, Annual, Regular & ic Growth, Dividend - Quarterly, Half Yearly, Annual, Regular & ic Growth, Dividend - Quarterly, Annual & ic Growth, Dividend - Weekly, Monthly, Quarterly & ic Growth, Dividend - Daily, Weekly, Monthly, Quarterly & ic Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Half Yearly, Annual & ic Growth, Dividend - Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & ic Dividend Re-investment At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV - At Ex-Dividend NAV At ex-dividend NAV SIP (Minimum Amount) ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 1000/- SIP Frequency Monthly Monthly Monthly Monthly Monthly Monthly Monthly SIP Dates (Monthly) Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Any day of Month Lock in NIL Face Value ( `/Unit) ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- ` 10/- NAV Frequency All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days All Business Days CRISIL Composite Bond Fund Index ISEC Composite Index ISEC Composite Index ISEC Composite Index Crisil Liquid Fund Index CRISIL Composite Bond Fund Index Crisil Short Term Bond Fund Index 58

58 Minimum Thresholds The Board of Directors of IDFC AMC Trustee Company Ltd. (Trustee of IDFC Mutual Fund) has approved the revision of the minimum investment / redemption amount for the open-ended schemes of IDFC Mutual Fund as under effective January 13, 2014 (Monday): Transaction Type Current Amount Revised Amount Additional Purchase `1 IDFC Tax Advantage (ELSS) Fund - `500 and in multiples of `500 thereafter; IDFC Nifty Fund - `500 and any amount thereafter; Other schemes `1,000 and any amount thereafter. Switches `1 IDFC Tax Advantage (ELSS) Fund (being the switch-in scheme) - `500 and in multiples of `500 thereafter;idfc Nifty Fund (being the switch-in scheme) - `500 and any amount thereafter; Other schemes (being the switch-in scheme) `1,000 and any amount thereafter Systematic Transaction (amount per instalment) IDFC Premier Equity Fund - `1,000; Other schemes - `500 IDFC Premier Equity Fund (being the destination scheme) - `2,000 and any amount thereafter; IDFC Tax Advantage (ELSS) Fund (being the destination scheme) - `500 and any amount in multiples of `500 thereafter; IDFC Nifty Fund (being the destination scheme) - `500 and any amount thereafter; Other schemes (being the destination scheme) - `1,000 and any amount thereafter. Redemption `1 ` and any amount thereafter. If the balance in the Folio / Account available for redemption is less than the minimum amount prescribed above, the entire balance available for redemption will be redeemed. All the other terms & conditions of the Information Document of the respective remain unchanged. Have listed a few examples for clarity. 1. Revise the minimum permissible Additional Purchase Amount to `1,000/- (in multiples of `1/-) with the exception of ELSS & Nifty schemes where the minimum amounts are fixed at `500/- E.g.: Additional purchase for `900/- in say IDFC Classic Equity Fund would be rejected. Additional purchase for `900/- in say IDFC TAF / IDFC Nifty Fund would be processed. 2. Revise the minimum permissible Redemption Amount to `500/- (in multiples of `0.01/-). For folios with balances lower than `500/- the redemption would be processed for All Units E.g.: Balance in IDFC CEF is `499/-, a redemption request for `500/- would be processed for All Units i.e.: `499/- by default. 3. Revise the min permissible Switch Amount to `1,000/- (in multiples of `0.01 with the exception of ELSS and FMP / FTP's where the switches are in multiples of `500/- and `10/- respectively) E.g.: Balance in IDFC CEF is `999/-, a switch request for `500/- into IDFC Cash Fund would be rejected (trxn for amount less than `1,000/- and does not meet the min investment threshold for Cash Fund). 4. Revise the min transaction amount for STP to `1,000/- (as it is mentioned as `500/- in the SID) for all funds, with the exception of STP's into TAF and Nifty where the minimum permissible STP amount would remain at `500/-. 5. For PEF the minimum STP amount to be changed to `2,000/- in line with the SIP minimum amount. 59

59 Fund Manager Details Fund Manager Name: Mr. Kenneth Andrade Managed: IDFC Premier Equity Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 28, 2005 (Since Inception) % 12.77% 13.26% 73,942 31,351 32,682 Mar 31, 2014 To Mar 31, % 33.19% 26.65% Mar 28, 2013 To Mar 31, % 16.93% 17.82% NA Mar 30, 2012 To Mar 28, % 4.81% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Managed: IDFC Premier Equity Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty # Managed: IDFC Equity Opportunity - Series 1 Regular Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. # ^ # ## Jan 01, 2013 (Since Inception) % 17.80% 17.17% 18,578 14,441 14,269 Mar 31, 2014 To Mar 31, % 33.19% 26.65% Mar 28, 2013 To Mar 31, % 16.93% 17.82% NA ^ # ## Apr 15, 2013 (Since Inception) % 26.44% 24.03% 10,314 15,833 15,249 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Managed: IDFC Equity Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jun 09, 2006 (Since Inception) % 13.11% 12.62% 24,925 29,624 28,498 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##S&P BSE Sensex Managed: IDFC Equity Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##S&P BSE Sensex # # ^ # ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,653 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% NA Mar 28, 2013 To Mar 31, % 17.82% 18.68% Managed: IDFC Equity Opportunity - Series 1 Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. ^ # ## Apr 15, 2013 (Since Inception) % 26.44% 24.03% 10,546 15,833 15,249 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Fund Manager Name: Mr. Ankur Arora Managed: IDFC Classic Equity Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 09, 2005 (Since Inception) % 14.14% 14.40% 32,392 35,823 36,620 Mar 31, 2014 To Mar 31, % 31.93% 26.65% Mar 28, 2013 To Mar 31, % 17.04% 17.82% NA Mar 30, 2012 To Mar 28, % 6.03% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #S&P BSE 200 ##CNX Nifty Managed: IDFC Classic Equity Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 17.87% 17.17% 14,386 14,461 14,269 Mar 31, 2014 To Mar 31, % 31.93% 26.65% NA Mar 28, 2013 To Mar 31, % 17.04% 17.82% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #S&P BSE 200 ##CNX Nifty Managed: IDFC Imperial Equity Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Mar 16, 2006 (Since Inception) % 11.29% 11.00% 27,972 26,316 25,699 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##S&P BSE Sensex Managed: IDFC Imperial Equity Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,188 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% NA Mar 28, 2013 To Mar 31, % 17.82% 18.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##S&P BSE Sensex Managed: IDFC Equity Opportunity - Series 3 Regular Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. # ^ # ## Feb 28, 2014 (Since Inception) % 39.33% 32.11% 14,037 14,331 13,527 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Managed: IDFC Equity Opportunity - Series 3 Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. # ^ # ## Feb 28, 2014 (Since Inception) % 39.33% 32.11% 14,271 14,331 13,527 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty 60

60 Fund Manager Details Fund Manager Name: Mr. Yogik Pitti Managed: IDFC Arbitrage Fund Managed: IDFC Arbitrage Plus Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Jun 09, 2008 (Since Inception) % 7.67% 9.77% 16,174 16,541 18,865 Mar 31, 2014 To Mar 31, % 8.98% 26.65% Mar 28, 2013 To Mar 31, % 9.46% 17.82% NA Mar 30, 2012 To Mar 28, % 8.17% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty Fund Manager Name: Mr. Aniruddha Naha Managed: IDFC Sterling Equity Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Managed: IDFC Sterling Equity Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Midcap ##CNX Nifty Managed: IDFC Tax Saver Fund - ELSS A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # # ^ # ## Mar 07, 2008 (Since Inception) % 10.30% 8.50% 36,667 19,998 17,795 Mar 31, 2014 To Mar 31, % 50.96% 26.65% Mar 28, 2013 To Mar 31, % 16.22% 17.82% NA Mar 30, 2012 To Mar 28, % -4.02% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Midcap ##CNX Nifty ^ # ## Mar 15, 2007 (Since Inception) % 11.28% 11.08% 26,036 23,636 23,304 Mar 31, 2014 To Mar 31, % 31.93% 26.65% Mar 28, 2013 To Mar 31, % 17.04% 17.82% NA Mar 30, 2012 To Mar 28, % 6.03% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200 CNX Nifty Fund Manager Name: Mr. Anupam Joshi Managed: IDFC Money Manager Fund Treasury A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # # # # ^ # ## Dec 21, 2006 (Since Inception) % 7.64% 10.08% 18,319 18,390 22,149 Mar 31, 2014 To Mar 31, % 8.98% 26.65% Mar 28, 2013 To Mar 31, % 9.46% 17.82% NA Mar 30, 2012 To Mar 28, % 8.17% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty ^ # ## ^ # ## Jan 01, 2013 (Since Inception) % 20.21% 17.17% 17,062 15,113 14,269 Mar 31, 2014 To Mar 31, % 50.96% 26.65% Mar 28, 2013 To Mar 31, % 16.22% 17.82% NA A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Feb 18, 2003 (Since Inception) % 6.04% 5.72% 21,864 20,356 19,634 Mar 28, 2014 To Mar 31, % 5.78% 8.74% Mar 28, 2013 To Mar 28, % 5.74% 5.77% NA Mar 30, 2012 To Mar 28, % 6.43% 8.33% Managed: IDFC Arbitrage Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Managed: IDFC Arbitrage Plus Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty Managed: IDFC Tax Advantage (ELSS) Fund Managed: IDFC Tax Advantage (ELSS) Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 26, 2008 (Since Inception) % 20.23% 18.99% 40,148 31,702 29,717 Mar 31, 2014 To Mar 31, % 31.93% 26.65% Mar 28, 2013 To Mar 31, % 17.04% 17.82% NA Mar 30, 2012 To Mar 28, % 6.03% 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #S&P BSE 200 ##CNX Nifty Greater than 1 year returns are Compounded Annualised Returns.^ Past performance may or may not be sustained in future #S&P BSE 200 ##CNX Nifty Managed: IDFC Money Manager Fund Investment A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty # # # ^ # ## Dec 31, 2013 (Since Inception) % 9.17% 26.99% 11,134 11,156 13,469 Mar 31, 2014 To Mar 31, % 8.98% 26.65% NA ^ # ## Jan 17, 2013 (Since Inception) % 9.14% 16.75% 12,186 12,121 14,060 Mar 31, 2014 To Mar 31, % 8.98% 26.65% NA Mar 28, 2013 To Mar 31, % 9.46% 17.82% ^ # ## Jan 01, 2013 (Since Inception) % 17.87% 17.17% 18,369 14,461 14,269 Mar 31, 2014 To Mar 31, % 31.93% 26.65% NA Mar 28, 2013 To Mar 31, % 17.04% 17.82% ^ # ## Aug 09, 2004 (Since Inception) % 6.20% 5.82% 21,644 18,978 18,267 Mar 28, 2014 To Mar 31, % 5.78% 8.74% Mar 28, 2013 To Mar 28, % 5.74% 5.77% NA Mar 30, 2012 To Mar 28, % 6.43% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #NSE Mibor Index ##1 Year T-Bill Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # NSE Mibor Index ##1 Year T-Bill 61

61 Fund Manager Details Managed: IDFC Money Manager Fund Treasury Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Managed: IDFC Super Saver Income Fund Medium Term Jul 08, 2003 (Since Inception) % 7.02% 5.70% 23,558 22,180 19,176 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Mar 30, 2012 To Mar 28, % 9.05% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Managed: IDFC Super Saver Income Fund Medium Term Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future Managed: IDFC Cash Fund # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Jun 04, 2008 (Since Inception) % 7.66% 6.26% 16,990 16,549 15,134 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA Mar 30, 2012 To Mar 28, % 8.17% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Liquid Fund Index ##1 Year T-Bill Managed: IDFC Yearly Series Interval Fund I (366 days) # # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 5.73% 7.42% 12,200 11,333 11,743 Mar 28, 2014 To Mar 31, % 5.78% 8.74% NA Mar 28, 2013 To Mar 28, % 5.74% 5.77% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #NSE Mibor Index ##1 Year T-Bill ^ # ## Jan 01, 2013 (Since Inception) % 9.43% 7.42% 12,179 12,240 11,743 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA ^ # ## Jan 22, 2013 (Since Inception) % 9.43% 7.28% 12,050 12,177 11,661 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Money Manager Fund Investment Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Managed: IDFC Ultra Short Term Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 17, 2006 (Since Inception) % 7.47% 6.06% 19,544 19,402 17,190 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA Mar 30, 2012 To Mar 28, % 8.17% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Liquid Fund Index ##1 Year T-Bill Managed: IDFC Ultra Short Term Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Liquid Fund Index ##1 Year T-Bill Managed: IDFC Cash Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Liquid Fund Index ##1 Year T-Bill Managed: IDFC Yearly Series Interval Fund I (366 days) Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # # # # ^ # ## Jan 01, 2013 (Since Inception) % 5.73% 7.42% 12,156 11,333 11,743 Mar 28, 2014 To Mar 31, % 5.78% 8.74% NA Mar 28, 2013 To Mar 28, % 5.74% 5.77% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # NSE Mibor Index ##1 Year T-Bill ^ # ## Jan 01, 2013 (Since Inception) % 9.11% 7.42% 12,273 12,162 11,743 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA ^ # ## Jan 01, 2013 (Since Inception) % 9.11% 7.42% 12,175 12,162 11,743 Mar 28, 2014 To Mar 31, % 8.98% 8.74% Mar 28, 2013 To Mar 28, % 9.46% 5.77% NA ^ # ## Jan 22, 2013 (Since Inception) % 9.43% 7.28% 12,097 12,177 11,661 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Yearly Series Interval Fund II (366 days) A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Feb 12, 2013 (Since Inception) % 9.53% 7.33% 12,093 12,137 11,626 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Feb 12, 2013 (Since Inception) % 9.53% 7.33% 12,149 12,137 11,626 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA 62

62 Fund Manager Details Managed: IDFC Yearly Series Interval Fund III (366 days) A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Feb 21, 2013 (Since Inception) % 9.56% 7.34% 12,127 12,119 11,607 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Feb 21, 2013 (Since Inception) % 9.56% 7.34% 12,147 12,119 11,607 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 1 (1098 days) A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Managed: IDFC Fixed Term Series 4 (1098 days) A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 17, 2012 (Since Inception) % 9.35% 7.54% 12,472 12,638 12,098 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Mar 28, 2013 To Mar 28, % 8.78% 5.77% # ^ # ## Oct 11, 2012 (Since Inception) % 9.17% 7.44% 12,167 12,418 11,939 Mar 28, 2014 To Mar 31, % 14.67% 8.82% NA Mar 28, 2013 To Mar 31, % 4.32% 5.77% Managed: IDFC Fixed Term Series 21 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jul 12, 2013 (Since Inception) % 9.48% 7.22% 11,585 11,684 11,272 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Jul 12, 2013 (Since Inception) % 9.48% 7.22% 11,585 11,684 11,272 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 23 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jul 26, 2013 (Since Inception) % 10.55% 8.67% 11,719 11,834 11,498 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Jul 26, 2013 (Since Inception) % 10.55% 8.67% 11,768 11,834 11,498 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 24 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 01, 2013 (Since Inception) % 10.54% 8.60% 11,697 11,813 11,470 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 01, 2013 (Since Inception) % 10.54% 8.60% 11,712 11,813 11,470 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 25 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 08, 2013 (Since Inception) % 10.50% 8.62% 11,713 11,783 11,455 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 08, 2013 (Since Inception) % 10.50% 8.62% 11,728 11,783 11,455 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 26 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 14, 2013 (Since Inception) % 10.76% 8.88% 11,645 11,809 11,485 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 14, 2013 (Since Inception) % 10.76% 8.88% 11,698 11,809 11,485 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA 63

63 Fund Manager Details Managed: IDFC Fixed Term Series 27 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 21, 2013 (Since Inception) % 10.83% 8.72% 11,685 11,799 11,438 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 21, 2013 (Since Inception) % 10.83% 8.72% 11,722 11,799 11,438 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 28 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 30, 2013 (Since Inception) % 11.05% 8.64% 11,894 11,806 11,403 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 30, 2013 (Since Inception) % 11.05% 8.64% 11,957 11,806 11,403 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 29 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 29, 2013 (Since Inception) % 11.16% 8.86% 11,650 11,827 11,441 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 29, 2013 (Since Inception) % 11.16% 8.86% 11,706 11,827 11,441 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 31 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 29, 2013 (Since Inception) % 11.16% 8.86% 11,720 11,827 11,441 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Aug 29, 2013 (Since Inception) % 11.16% 8.86% 11,733 11,827 11,441 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 32 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 05, 2013 (Since Inception) % 10.56% 8.65% 11,603 11,703 11,389 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Sep 05, 2013 (Since Inception) % 10.56% 8.65% 11,639 11,703 11,389 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 33 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 13, 2013 (Since Inception) % 10.58% 8.65% 11,623 11,682 11,368 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Sep 13, 2013 (Since Inception) % 10.58% 8.65% 11,659 11,682 11,368 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 34 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 17, 2013 (Since Inception) % 10.59% 8.65% 11,610 11,669 11,357 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Sep 17, 2013 (Since Inception) % 10.59% 8.65% 11,645 11,669 11,357 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA 64

64 Fund Manager Details Managed: IDFC Fixed Term Series 35 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 24, 2013 (Since Inception) % 10.48% 8.73% 11,508 11,629 11,353 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Sep 24, 2013 (Since Inception) % 10.48% 8.73% 11,579 11,629 11,353 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 39 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 27, 2013 (Since Inception) % 10.36% 8.70% 11,414 11,602 11,340 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Sep 27, 2013 (Since Inception) % 10.36% 8.70% 11,483 11,602 11,340 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 40 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Oct 04, 2013 (Since Inception) % 10.21% 8.50% 11,466 11,556 11,291 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Oct 04, 2013 (Since Inception) % 10.21% 8.50% 11,530 11,556 11,291 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 41 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Oct 11, 2013 (Since Inception) % 10.02% 8.36% 11,332 11,506 11,251 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Oct 11, 2013 (Since Inception) % 10.02% 8.36% 11,382 11,506 11,251 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 42 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Oct 10, 2013 (Since Inception) % 10.00% 8.38% 11,384 11,506 11,257 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Oct 10, 2013 (Since Inception) % 10.00% 8.38% 11,448 11,506 11,257 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 44 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Oct 23, 2013 (Since Inception) % 10.11% 8.44% 11,340 11,483 11,233 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Oct 23, 2013 (Since Inception) % 10.11% 8.44% 11,352 11,483 11,233 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 49 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Nov 28, 2013 (Since Inception) % 10.30% 8.63% 11,223 11,401 11,170 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Nov 28, 2013 (Since Inception) % 10.30% 8.63% 11,250 11,401 11,170 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA 65

65 Fund Manager Details Managed: IDFC Fixed Term Series 50 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 05, 2013 (Since Inception) % 10.26% 8.51% 11,195 11,373 11,137 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 05, 2013 (Since Inception) % 10.26% 8.51% 11,221 11,373 11,137 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 51 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 06, 2013 (Since Inception) % 10.30% 8.59% 11,216 11,375 11,145 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 06, 2013 (Since Inception) % 10.30% 8.59% 11,257 11,375 11,145 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 52 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 13, 2013 (Since Inception) % 10.39% 8.70% 11,184 11,366 11,141 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 13, 2013 (Since Inception) % 10.39% 8.70% 11,219 11,366 11,141 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 54 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 17, 2013 (Since Inception) % 10.39% 8.70% 11,184 11,354 11,132 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 17, 2013 (Since Inception) % 10.39% 8.70% 11,211 11,354 11,132 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 57 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 30, 2013 (Since Inception) % 10.39% 8.74% 11,168 11,314 11,103 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 30, 2013 (Since Inception) % 10.39% 8.74% 11,209 11,314 11,103 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC Fixed Term Series 59 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 31, 2013 (Since Inception) % 10.38% 8.71% 11,122 11,310 11,097 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA # ^ # ## Dec 31, 2013 (Since Inception) % 10.38% 8.71% 11,233 11,310 11,097 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA 66

66 Fund Manager Details Fund Manager Name: Mr. Harshal Joshi Managed: IDFC Banking Debt Fund # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Mar 07, 2013 (Since Inception) % 9.58% 7.35% 11,982 12,080 11,577 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Managed: IDFC Banking Debt Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Mar 07, 2013 (Since Inception) % 9.58% 7.35% 12,010 12,080 11,577 Mar 28, 2014 To Mar 31, % 10.32% 8.74% NA Mar 28, 2013 To Mar 28, % 8.78% 5.77% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future ##CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future ##CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Managed: IDFC Fixed Term Series 48 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Nov 13, 2013 (Since Inception) % 10.37% 8.66% 11,325 11,457 11,213 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Option: Direct Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Nov 13, 2013 (Since Inception) % 10.37% 8.66% 11,336 11,457 11,213 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Managed: IDFC FIXED TERM PLAN SERIES 2 A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Aug 23, 2012 (Since Inception) % 9.35% 7.52% 12,539 12,620 12,076 Mar 28, 2014 To Mar 31, % 10.40% 8.82% NA Mar 28, 2013 To Mar 28, % 8.78% 5.77% Fund Manager Name: Mr. Suyash Choudhary Managed: IDFC Super Saver Income Fund Short Term # A Growth Option (NAV as on per Unit): Mar 31, 2015 ` ^ # ## Jul 08, 2003 (Since Inception) % NA 6.19% 28,525 NA 23,600 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Mar 30, 2012 To Mar 28, % 9.05% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Managed: IDFC Dynamic Bond Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Dec 03, 2008 (Since Inception) % 8.03% 5.16% 16,961 16,304 13,744 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI Managed: IDFC Super Saver Income Fund Short Term Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.43% 7.42% 12,312 12,240 11,743 Mar 28, 2014 To Mar 31, % 10.32% 8.74% Mar 28, 2013 To Mar 28, % 8.78% 5.77% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Managed: IDFC Dynamic Bond Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.17% 6.82% 12,677 12,177 11,595 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI 67

67 Fund Manager Details Managed: IDFC Super Saver Income Fund Investment # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Jul 14, 2000 (Since Inception) % NA NA 34,172 NA NA Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI Managed: IDFC Government Securities Fund - Short Term # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Mar 09, 2002 (Since Inception) % NA 5.76% 20,066 NA 20,797 Mar 28, 2014 To Mar 31, % 15.58% 8.74% Mar 28, 2013 To Mar 28, % 3.91% 5.77% NA Mar 30, 2012 To Mar 28, % 11.64% 8.33% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ## 1 Year T-Bill Managed: IDFC Super Saver Income Fund Investment Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.17% 6.82% 12,601 12,177 11,595 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI Managed: IDFC Government Securities Fund - Short Term Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 7.42% 12,779 12,296 11,743 Mar 28, 2014 To Mar 31, % 15.58% 8.74% Mar 28, 2013 To Mar 28, % 3.91% 5.77% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ## 1 Year T-Bill Fund Manager Name: Mr. Suyash Choudhary Managed: IDFC Government Securities Fund Provident Fund # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Mar 29, 2004 (Since Inception) % 7.24% 5.04% 24,113 21,594 17,189 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Mar 30, 2012 To Mar 28, % 11.64% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ##10 Year GOI Managed: IDFC Government Securities Fund - Investment # A Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Dec 03, 2008 (Since Inception) % NA 5.16% 16,686 NA 13,744 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Mar 30, 2012 To Mar 28, % 11.64% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ##10 Year GOI Managed: IDFC Government Securities Fund Provident Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 6.82% 12,941 12,296 11,595 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ##10 Year GOI Managed: IDFC All Seasons Bond Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Sep 13, 2004 (Since Inception) % 6.72% 5.57% 21,598 19,854 17,709 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Mar 30, 2012 To Mar 28, % 9.24% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Composite Bond Fund Index ##10 Year GOI Managed: IDFC Government Securities Fund - Investment Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 9.65% 6.82% 12,882 12,296 11,595 Mar 28, 2014 To Mar 31, % 15.58% 14.50% Mar 28, 2013 To Mar 28, % 3.91% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ##10 Year GOI Managed: IDFC All Seasons Bond Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Feb 22, 2013 (Since Inception) % 9.14% 6.10% 12,186 12,019 11,326 Mar 28, 2014 To Mar 31, % 14.54% 14.50% Mar 28, 2013 To Mar 28, % 4.32% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # Crisil Composite Bond Fund Index ##10 Year GOI 68

68 Fund Manager Details Fund Manager Name: Mr. Rajendra Mishra Managed: IDFC Infrastructure Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Mar 08, 2011 (Since Inception) % 2.89% 11.17% 11,880 11,230 15,380 Mar 31, 2014 To Mar 31, % 24.27% 26.65% Mar 28, 2013 To Mar 31, % 18.18% 17.82% NA Mar 30, 2012 To Mar 28, % % 7.31% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #CNX Infra ##CNX Nifty Managed: IDFC Infrastructure Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 10.16% 17.17% 13,699 12,424 14,269 Mar 31, 2014 To Mar 31, % 24.27% 26.65% Mar 28, 2013 To Mar 31, % 18.18% 17.82% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #CNX Infra ##CNX Nifty Fund Manager Name: Ms. Punam Sharma & Mr. Anupam Joshi (w.e.f. 20th October 2014) Managed: IDFC Monthly Income A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Feb 25, 2010 (Since Inception) % 8.83% 6.23% 16,579 15,388 13,608 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% Managed: IDFC Monthly Income Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Jan 01, 2013 (Since Inception) % 10.49% 6.82% 13,096 12,509 11,595 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Fund Manager Name: Ms. Punam Sharma Managed: IDFC Asset Allocation Fund of Fund - Moderate # Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) ^ # ## Feb 11, 2010 (Since Inception) % 8.82% 6.30% 17,230 15,432 13,682 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% Managed: IDFC Asset Allocation Fund - Moderate Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI # ^ # ## Feb 26, 2013 (Since Inception) % 10.94% 6.15% 13,332 12,425 11,328 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Managed: IDFC Asset Allocation Fund of Fund - Aggressive # Regular Growth Option ( NAV as on Mar 31, 2015 ` per Unit) ^ # ## Feb 11, 2010 (Since Inception) % 10.72% 6.30% 18,004 16,870 13,682 Mar 28, 2014 To Mar 31, % 22.45% 14.50% Mar 28, 2013 To Mar 28, % 13.28% -1.01% NA Mar 30, 2012 To Mar 28, % 8.18% 11.25% Managed: IDFC Asset Allocation Fund - Aggressive Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Balanced Fund Index ##10 Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Balanced Fund Index ##10 Year GOI # ^ # ## Jan 01, 2013 (Since Inception) % 14.59% 6.82% 13,636 13,573 11,595 Mar 28, 2014 To Mar 31, % 22.45% 14.50% Mar 28, 2013 To Mar 28, % 13.28% -1.01% NA Managed: IDFC Nifty Fund A Growth Option (NAV as on Mar 31, 2015 ` per Unit): # Apr 30, 2010 (Since Inception) % 10.14% 9.91% 16,916 16,088 15,922 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA Mar 30, 2012 To Mar 28, % 7.31% 8.23% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future ^ # ## # CNX Nifty ## BSE Sensex Managed: IDFC Nifty Fund Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future ^ # ## Jan 01, 2013 (Since Inception) % 17.17% 17.20% 14,525 14,269 14,278 Mar 31, 2014 To Mar 31, % 26.65% 24.89% Mar 28, 2013 To Mar 31, % 17.82% 18.68% NA # CNX Nifty ## BSE Sensex 69

69 Fund Manager Details Managed: IDFC Asset Allocation Fund of Fund - Conservative # Regular Growth Option (NAV as on Mar 31, 2015 ` per Unit): ^ # ## Feb 11, 2010 (Since Inception) % 8.82% 6.30% 16,015 15,432 13,682 Mar 28, 2014 To Mar 31, % 16.39% 14.50% Mar 28, 2013 To Mar 28, % 6.44% -1.01% NA Mar 30, 2012 To Mar 28, % 9.06% 11.25% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Managed: IDFC Asset Allocation Fund - Conservative Option: Direct Growth (NAV as on Mar 31, 2015 ` per Unit): # ^ # ## Apr 02, 2013 (Since Inception) % 11.26% 6.63% 12,772 12,370 11,367 Mar 28, 2014 To Mar 31, % 16.39% 14.50% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Managed: IDFC Equity Opportunity - Series 2 Regular Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. # ^ # ## Jan 31, 2014 (Since Inception) % 39.60% 33.13% 11,651 14,734 13,944 Mar 31, 2014 To Mar 31, % 33.19% 26.65% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Managed: IDFC Equity Opportunity - Series 2 Direct Dividend Option (NAV as on Mar 31, 2015 ` per Unit): Fund Performance The scheme has only Dividend - Payout option. # ^ # ## Jan 31, 2014 (Since Inception) % 39.60% 33.13% 11,882 14,734 13,944 Mar 31, 2014 To Mar 31, % 33.19% NA Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # S&P BSE 500 ##CNX Nifty Total Experience of Fund Managers Name Years Mr. Kenneth Andrade 22+ Ms. Punam Sharma 15+ Mr. Ankur Arora 9+ Mr. Rajendra Kumar Mishra 12+ Mr. Aniruddha Naha 17+ Mr. Suyash Choudhary 14+ Mr. Anupam Joshi 13+ Mr. Harshal Joshi 7+ Mr. Yogik Pitti 7+ 70

70 Dividend History Last 3 Gross Dividends ( `/unit) : IDFC Equity Fund Date Dividend NAV 09-Mar Mar Mar Mar-15 B Mar 14 B Mar 13 B Direct 09-Mar IDFC Imperial Equity Fund Date Dividend NAV 23-Jan-15 B Jan-14 B Jan 13 B Jan-15 Regular Jan-14 Regular Jan 13 Regular May Direct 23-Jan-15 Regular Jan-14 Regular IDFC Sterling Equity Fund Date Dividend NAV 16-Mar Apr Apr Direct 16-Mar Apr Apr IDFC Premier Equity Fund Date Dividend NAV 02-Mar-15 B Mar 14 B Mar 13 B Mar-15 Regular Mar 14 Regular Mar 13 Regular Apr Direct 02-Mar-15 Regular Mar-14 Regular Mar-13 Regular IDFC Classic Equity Fund Date Dividend NAV 25 Feb 15 B Feb 13 B Feb 11 B Feb-15 Regular Feb 13 Regular Feb 12 Regular Aug Direct 25-Feb-15 Regular Feb-13 Regular IDFC Equity Opportunity Series-1 Date Dividend NAV 23-Mar Oct Aug Direct 23-Mar Oct Aug IDFC Equity Opportunity Series-2 Date Dividend NAV 25-Feb Nov Aug Direct 25-Feb Nov Aug IDFC Arbitrage Fund Date Dividend NAV 25-Mar-15 A Feb-15 A Jan-15 A Mar-15 B Nov-14 B Oct-14 B Direct 25-Mar-15 A Feb-15 A Jan-15 A IDFC Arbitrage Plus Fund Date Dividend NAV 25-Mar-15 A Feb-15 A Jan-15 A Mar-15 B Feb-15 B Jan-15 B Direct 25-Mar-15 A Feb-15 A Jan-15 A IDFC Cash Fund Date NAV Freq Dividend 25-Mar Monthly Feb Monthly Jan Monthly Sep ic Dec ic Sep ic A 12-Sep ic Dec ic Mar Monthly Feb Monthly Jan Monthly Direct 25-Mar Monthly Feb Monthly Jan Monthly Sep ic Face Value of all above schemes (excluding IDFC Cash Fund) is `10/- per unit. Face value of IDFC Cash Fund is `1000/- per unit. Past performance may or may not be sustained in future After the payment of the dividend, the per unit NAV fails to the extent of the payout & statutory levy, if any. Net dividend received by the investor shall be subject to applicable dividend distribution tax. IDFC Money Manager Fund - Treasury Date NAV Freq Dividend A 25-Mar Monthly Feb Monthly Jan Monthly B 30-Jul Monthly Jun Monthly May Monthly C 21-Mar Monthly Feb Monthly Jan Monthly Direct 25-Mar Monthly Feb Monthly Jan Monthly IDFC Money Manager Fund - Investment Date NAV Freq Dividend A 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Annually B 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Direct 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Sep ic Feb Monthly IDFC Dynamic Bond Fund Date NAV Freq Dividend A 23-Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Regular 19-Mar Sep Jun Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Annually Mar Half Yearly Sep Half Yearly Direct 19-Mar May Mar May Quarterly Mar Quarterly Sep Annually Mar Annually Mar Half Yearly Sep Half Yearly IDFC Super Saver Income Fund - Investment Date NAV Freq Dividend A 23-Mar Quarterly Dec Quarterly Sep Quarterly Mar Half Yearly Sep Half Yearly Mar Half Yearly Mar Annually B 28-May Mar Dec C 12-Sep May Mar Direct 23-Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Annually IDFC Tax Advantage Fund Date Dividend NAV 16-Feb Feb Mar Direct 16-Feb Feb Mar IDFC Super Saver Income Fund - Short Term Date NAV Freq Dividend A 25-Mar Monthly Feb Monthly Jan Monthly B 25-Mar Monthly Feb Monthly Jan Monthly C 21-Mar Monthly Feb Monthly Jan Monthly D 30-Nov Monthly Sep Monthly Aug Monthly F 19-Mar Sep Direct 25-Mar Monthly Feb Monthly Jan Monthly IDFC All Seasons Bond Fund Date NAV Freq Dividend Regular 23-Mar Half Yearly Sep Half Yearly Mar Half Yearly Mar Quarterly Dec Quarterly Sep Quarterly Direct 23-Mar Quarterly Dec Quarterly Sep Quarterly

71 Dividend History IDFC Ultra Short Term Fund Date NAV Freq Dividend 25-Mar Monthly Feb Monthly Jan Monthly Sep ic May ic Jan ic Mar Quarterly Dec Quarterly Sep Quarterly Direct 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Sep ic IDFC Government Securities Fund - Provident Fund Date NAV Freq Dividend A 23-Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Annually B 23-Mar Quarterly Dec Quarterly Sep Quarterly Direct 19-Mar Annually Sep Annually Mar Annually Mar Quarterly Dec Quarterly Sep Quarterly IDFC Government Securities Fund Investment Date NAV Freq Dividend A 23-Mar Half Yearly Sep Half Yearly Mar Half Yearly Mar Quarterly Mar Quarterly Dec Quarterly Regular 23-Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Annually Mar Sep May Mar Half Yearly Sep Half Yearly Mar Half Yearly Direct 19-Sep Half Yearly Mar Half Yearly Sep Half Yearly Mar Quarterly Dec Quarterly Sep Quarterly Mar Sep Mar IDFC Monthly Income Date NAV Freq Dividend 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Direct 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly IDFC Super Saver Income Fund - Medium Term Date NAV Freq Dividend A 25-Mar Monthly Feb Monthly Jan Monthly Mar BiMonthly Jan BiMonthly Nov BiMonthly Mar Quarterly Dec Quarterly Sep Quarterly B 30-May Monthly Apr Monthly Mar Monthly Mar Annually Mar Quarterly Sep Quarterly Mar Quarterly Sep F 19-Mar Sep Mar Direct 25-Mar Monthly Feb Monthly Jan Monthly Mar BiMonthly Jan BiMonthly Nov BiMonthly Mar Quarterly Dec Quarterly Sep Quarterly IDFC Banking Debt Fund Date NAV Freq Dividend 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Mar Annually Sep Annually Mar Sep Direct 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Mar Sep After the payment of the dividend, the per unit NAV fails to the extent of the payout & statutory levy, if any. Net dividend received by the investor shall be subject to applicable dividend distribution tax. IDFC Asset Allocation Fund of Fund - Aggressive Date NAV Dividend 25-Mar Feb Jan Direct 25-Feb Aug Jul IDFC Asset Allocation Fund of Fund - Moderate Date NAV Dividend 25-Mar Feb Jan IDFC Asset Allocation Fund of Fund - Conservative Date NAV Dividend 25-Mar Feb Jan Direct 25-Mar Feb Jan IDFC Government Securities Fund - Short Term Date NAV Freq Dividend A 25-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly Sep Quarterly Direct 21-Mar Monthly Feb Monthly Jan Monthly Mar Quarterly Dec Quarterly ICRA Credit Risk Rating IDFC Money Manager Fund - Treasury : Credit Risk Rating AAA mfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. IDFC Money Manager Fund Investment : Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. IDFC Cash Fund: Credit Risk Rating A1+ mfs - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest-creditquality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. IDFC Super Saver Income Fund - Short Term : Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. Source: ICRA Ltd. CRISIL Credit Quality Rating IDFC Super Saver Income Fund - Investment : CRISIL AAA mfs s with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. The rating of CRISIL is not an opinion on the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. IDFC Dynamic Bond Fund: CRISIL AAA mfs - s with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. The rating of CRISIL is not an opinion on the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. CRISIL Credit Quality Rating Methodology CRISIL's credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund's overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL's rating default and transition rates. Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk 72

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

73 IDFC AMC Offices WEST Ahmedabad : B Wing, 3rd Floor, Chandan House Opp Gruh Finance, Mithakhali Six Roads, Law Garden, Tel.: /925 Ahmedabad Bhopal : Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] Goa : F -27 & F -28, 1st Floor, Alfran Plaza, M.G Road, Opp. Don Bosco High School, Panjim - Goa , Tel.: Indore : 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore Tel.: / Fax: Mumbai : One IndiaBulls Centre 6th Floor, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone (W) Mumbai Tel No Mumbai (Churchgate) : 2nd Floor,Ramon House, H.T Parekh Marg, 169,Backbay reclamation, Opp.Aakash wani, Churchgate Tel.: Nagpur : Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur Tel.: / Nasik : Shop No - 6, Rajvee Enclave, New Pandit Colony, Off Sharanpur Road, Nasik Tel.: Mobile: Pune : 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune Tel.: / 4. Raipur : , 2nd Floor, Lalganga Shopping Mall, G. E. Road, Raipur Tel.: Rajkot : Star Plaza, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot Tel.: Surat : U 15/16, Jolly Plaza, Athvagate, Surat Tel.: , Vadodara : 301, 2nd Floor, Earth Complex, Opposite Vaccine Ground, Above Indian Overseas Bank, Old Padra Road, Vadodara Tel No.: / / NORTH Agra : 9/4, Shanker Point Ground Floor, Near Income Tax Building, Sanjay Place, Agra Tel.: Amritsar : 6-FUF, 4th Floor Central Mall, Mall Road, Amritsar Tel.: Chandigarh : SCO , 1st Floor, Sector 22, Chandigarh Tel.: / , Fax: Dehradun : G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road, Dehradun Mobile: , Jaipur : G-7, G-8, Anukampa Towers, Church Road, Jaipur Tel.: , & , Fax: Jalandhar : 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar Punjab-India. Tel.: Kanpur : Office No , IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur Tel.: , Lucknow : 1st floor, Aryan Business Park, Exchange Cottage, 90.M.G. Marg, Park Road, Lucknow , Mob: , Tel.: , Ludhiana : SCO 122, 2nd Floor, Feroze Gandhi Market, Ludhiana Tel.: New Delhi : 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi Tel.: / 02/ 03/ 04/ 05. Varanasi : 3rd Floor, Kuber Complex, Rathyatra Varanasi Tel.: , SOUTH Bangalore : 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore Tel.: / 505/ 506/ 507 & 508. Chennai : KRM Tower, 8th floor, No. 1, Harrington Road, Chetpet, Chennai Tel.: / 202. Cochin : 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin Tel: / , Fax: Coimbatore : Red Rose Plaza, 509 H, II Floor, D. B. Road, R. S. Puram, Coimbatore Tel.: , Hyderabad : /7/C/2/S2, 2nd Floor, Amit Plaza, Somajiguda, Hyderabad Tel. No. : /47 Fax: Madurai : No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai Tel.: Mangalore : Shop No 4, Ground Floor, Raj Towers, Balmatta Road, Mangalore Tel. : Trivandrum : T.C.2/3262(6), 1st Floor, RS Complex, Opposite LIC Building, Pattom P O, Trivandrum Tel. : Visakhapatnam : Visakha Business Centre, D No: , Cabin No: F-3, 1st Floor, Mandavari Peta, Behind Big Bazaar Lane, Dondaparthy, Visakhapatnam Ph: EAST Bhubaneswar : Shop No. 208, 2nd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar Tel. : , Mobile No. : Guwahati : 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati Mobile: , , , Jamshedpur : IDFC Mutual Fund, Room No.111, 1st Floor, Yashkamal Complex, Main Road, Bistupur, Jamshedpur , Ph No /111/222, Mobile No. : Kolkata : Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata Tel.: / Patna : 406, Ashiana Hariniwas, New Dakbanglow Road, Patna Tel.: Ranchi: 306, Shrilok Complex, 4 H B Road, Ranchi Phone : /