FACTSHEET 28 February 2017

Transcription

1 FACTSHEET

2 Commentary - Equity Outlook WHAT WENT BY US President Donald Trump and the US Fed Reserve continue to be the focal points: U.S. stocks continued to move higher and the Dow led the fastest 1,000 point gain of all time to cross 21K as investors embraced the combination of a more presidential President Trump and decisively hawkish Fed commentary with forceful interjection on the well-being of the economy. President Trump's address to the joint session of Congress offered neither new policies nor additional information on proposed legislations/actions Tax cuts, border adjustment tax. The core theme remained 'US' over 'international'. On the other hand, probability of a Fed rate hikes in March continues to inch up. Federal Open Market Committee (FOMC) minutes clearly indicated greater resolve to raise rates in a calibrated manner going ahead. With the current Fed Chairson and several other members term ending Feb 18, setting to monitor interest rate hike appears nearer than ever before. US Dollar weakens after strengthening for last couple of years: After the strength seen in the Dollar for the last couple of years due to the prospects of Fed raising interest rates, dollar depreciated 3.2% from the highs seen in December Weak dollar was good news for emerging markets resulting in increased Foreign Institutional Investors (FII) flows. Emerging markets index was up 3% in February with MSCI India Index up 6% in USD. Any reversal in this trend would be negative for emerging markets including India. Indian markets continued the upswing in February: Indian equities (Nifty up 2.6% in INR terms) stayed strong in February led by robust foreign inflows and better than expected Q3 earnings season despite demonetisation. The Union Budget unveiled during the month stressed on rural & social sector spending apart from adhering to the fiscal consolidation path. Realty, IT & Infra sectors were the key outformers in February while Autos, Utilities and Metals sectors were the main laggards. Budget FY18E - Relief, Balance and Policy Continuity: Union Budget broadly met expectations a) Provided a mild fiscal stimulus fiscal deficit targeted at 3.2% of GDP for FY18; b) Government s targeted capital spend is up about 14% YoY; c) Personal income tax rates have been reduced for low income segments; d) Indirect taxes have been left largely unchanged given impending GST roll out. Overall the fiscal math appears credible, with nominal GDP growth budgeted at 11.75% and tax collections expected to increase by about 12% Y/Y. Divestment receipts at INR 725 bn do appear a tad stretched though as do petroleum subsidies at INR 250 bn. But higher dividends from RBI and better tax buoyancy can provide a leg up. RBI Policy- End of easing cycle: RBI left benchmark interest rates unchanged vs. consensus expectations of a 25 bps rate cut. More importantly, the central bank changed its stance to Neutral from Accommodative, which was interpreted by most observers of signalling an end to the easing cycle. Monetary Policy Committee highlighted the stickiness of core inflation (non-food, non-fuel inflation at 4.9% levels) and pointed out increasing upside risks to inflation from firming international crude prices, FX volatility and full flow through of Pay Commission recommendations. Committee maintained headline inflation target of 4.0% on a durable basis. State Elections: Voting concluded in states of Punjab & Goa with 70% and 83% voter turnout respectively. The results are due on 11 March. In Uttar Pradesh (UP), the fifth phase of polling was completed with voter turnout of 57%. Note the first four phases of UP polls saw voter turnout above 61%. Recall UP is India s most populous state and a crucial one to monitor. Uttarakhand also concluded voting in Feb with turnout of 68% FIIs turn buyers. DII buying continues. FIIs turned notable net buyers in Feb with $1.5bn of net inflows. Domestic investors were marginal net buyers in the month, with net inflows of ~$98mn. Among DIIs, Mutual Funds were net sellers with ~$8mn of net outflows while Insurance companies accounted for ~$105mn of outflows. During the month, consensus earnings estimates for the broad market were cut by ~2% for FY17E, but revised upwards by ~1% for FY18E. The Street now estimates earnings growth of 11% and 21% for FY17 (E) and FY18 (E), respectively. The breadth of earnings revisions was negative with 66% of the companies witnessing earnings cuts. On an aggregate basis, all sectors witnessed marginal earnings cuts. For the Nifty universe, aggregate earnings growth expectations are 11% and 21% for FY17 & FY18, respectively. Mixed growth indicators - 3QFY Earnings formance was weak for domestic sectors given demand hit due to demonetization; while global cyclicals fared well. Domestic economic indicators remain mixed with Purchasing Manager s Index (PMI) & auto sales improving; while Industrial Production (IP) saw sharp deceleration. CPI Inflation eased to low of 3.2% on lower vegetable prices. WPI although spiked on firming commodity prices. Fiscal deficit at the end of January breached full year budgeted target at 105.7% GOING FORWARD. Earnings for the NIFTY companies for the current quarter grew 12.5% YoY (6.8% excl Financials) while earnings growth for the broad BSE 200 universe was 17.2% (10.8% excl Financials). Though earnings have broadly been in line with estimates, the estimates were themselves lowered post the announcement of demonetization in November. So the earnings are actually lower as compared to the pre-november 8 estimates. March and June quarter earnings will be keenly watched as they give further clarity of the impact of demonetization. State election results and GST implementation are the key domestic events going forward. Source: Bloomberg Equity Markets Index % Change % Change P/E YTD MTD Nifty 8, % 3.72% Sensex 28, % 3.93% Dow Jones 20, % 4.77% Shanghai 3, % 2.61% Nikkei 19, % 0.41% Hang Sang 23, % 1.63% FTSE 7, % 2.31% MSCI E.M. (USD) % 2.98% MSCI D.M.(USD) 1, % 2.58% MSCI India (INR) 1, % 4.01% Currency & Last Price % Change % Change Commodities YTD MTD USD / INR Dollar Index Gold Crude OIL WTI (Nymex) Brent Crude India Macro Analysis Equity Flows Source: Bloomberg, SEBI Latest GDP 7.00 IIP Inflation (WPI ) 5.25 Inflation (CPI ) 3.17 Commodity (CRB Index) FII (USD mln) USD Mn YTD 1, MTD 1, *DII (USD mln) % -1.73% % 1.62% 1, % 3.11% % 2.27% % -0.20% YTD 1, MTD

3 Commentary - Debt Outlook WHAT WENT BY Markets got a rude surprise in February as Reserve Bank of India (RBI) kept benchmark interest rates unchanged & shifted its stance to neutral from accommodative. We see this as continuation of its December policy where RBI had explicitly emphasized the need to move to 4% Consumer Price Index (CPI) inflation on a durable basis in context of a still stubborn core inflation & we had flagged in our note dated 13th Jan 17, the risk of not taking seriously the revision in RBI s view since the December policy ( The change in stance to neutral was despite lowering growth and inflation projections by RBI as it remained concerned about adverse global factors (higher commodity prices and a stronger dollar), full pass through of pay commission & one-offs from GST implementation. On the inflation front RBI expects CPI to be muted in Q on favorable base effects and lagged effects of demand compression. But thereafter it is expected to reverse as growth picks up and the output gap narrows. Base effects also turn adverse from Q3 and Q4. On aggregate, the Central Bank expects CPI at 4 4.5% in the first half, and 4.5% - 5% in the second half of FY 18; with risks evenly balanced. This triggered a sharp uptick in yields with the ten year benchmark yield rising 46bps to close the month at 6.87%. Wholesale Price Index (WPI) inflation for Jan 17 came at 5.3% as compared to 3.4% in the previous month led by higher fuel and manufactured products, the highest level since August 14. In contrast the headline CPI declined to 3.17% in January (lowest since 2012) versus 3.41% in the previous month owing to drop in prices of vegetables and pulses. However the core inflation (excluding food & fuel) continued to remain sticky with an around 5% reading. India s Gross Domestic Product (GDP) for the third quarter of FY17 came in better than expected at 7% albeit lower than the previous quarter s 7.4% reading. The second advance for FY17 GDP growth is at 7.1% compared to the growth rate of 7.9% in FY16. As last monetary policy, RBI expects GVA growth to recover sharply in the next year (GVA is projected to be 7.4% for next year; with risks evenly balanced, from an assessed level of 6.9% in current year). It is expected to grow on the back of discretionary consumer demand, rapid restoration of activity in cash intensive sectors, recent decline in lending rates spurring demand, and impetus from union budget. Liquidity in the banking system continued to remain abundant with average liquidity at approx Rs. 4 lakh crores (excluding Cash Management Bills (CMB) which were 1.5 lakh crs as on 28th Feb). The current abundant liquidity with the banks is expected to sist in the early months of , declining with progressive remonetization. GOING FORWARD. The RBI s overall assessment is very much in line with our view that the rate cycle is broadly at an end. From a portfolio standpoint, after having played the demonetization rally tactically, our strategy has been broadly focusing on the front end of the rate curve (upto 5 years) across our bond and gilt funds. We believe that these would continue to get anchored to a positive liquidity environment and very low bank deposit rates for the foreseeable future. We remain negative on long duration bonds. Source: RBI, Bloomberg 03

4 IDFC Dynamic Equity Fund Nature: Equity Avg AUM: ` Crores Buying Low and Selling High consistently is easier said than done! Historically, most investors have got attracted to investing in the markets at times when the markets have been in the expensive zone (high PE). Inception Date: 10 October 2014 $ Fund Manager: Equity Portion: Ms. Meenakshi Dawar (w.e.f. 7th September 2015) Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015) 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 Nifty 50. Other Parameter: Standard Deviation (Annualized) 6.18% Portfolio Turnover Equity 0.24 Aggregate^ 4.30 : Nifty 50 and CRISIL Balanced Fund Aggressive Index Asset Allocation: The weighted average PE of Nifty 50 (standalone) as on 28th February 2017 was and the 200DMA was (< spot Nifty). The allocation for the month of March will be around these levels: Money Market Instruments 35% Prudent investing demands the exact opposite in terms of behavior i.e. moving out of equity, as markets get expensive and moving into equity when markets get cheap. IDFC Dynamic Equity fund helps the investor Do The Opposite. If Nifty 50 weighted average PE is 7 31% 42% G = 1% Y = 19% R = 80% st th Source: Daily Sensex P/E (price from BSE, trailing 12 months earnings from Bloomberg) for the iod 1 October 99 to 30 September 16. Net Inflow data from AMFI Investment Strategy: The portfolio is guided by an underlying quantitative model based on the month-end weighted average PE ratio and 200 Day Moving Average (DMA) of the Nifty 50. The equity exposure of the fund is determined as follows: If 200DMA <Spot index Equity Component of the portfolio If 200DMA >Spot index Below % 65-83% % 48-65% % 30-48% % 30% Above % 30% Gross Equity 65% - Equity Futures 17.5% (Net Equity: 47.5%) *The portfolio shall be rebalanced on the first business day of every month When the model indicates: Bullish pattern 100% Equity Expensive Valuation Restrict the equity exposure to 65% and if necessary will hedge this equity exposure by shorting the index (futures) up to the extent of 35% Equity exposure will be in proportion to the Nifty 50 stocks Balance will be invested predominantly in money market instruments Portfolio shall be rebalanced monthly ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). The portfolio shall be rebalanced on the first business day of every month. 04

5 IDFC Dynamic Equity Fund SIP Performance: SIP of ` in IDFC Dynamic Equity - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of CRISIL Balanced Fund Aggressive Index CRISIL Balanced Fund Aggressive Index Returns Total Value of Nifty 50 Nifty 50 Returns Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Year 3 Years 5 Years Since Inception Oct 10, ,20,000 2,70,000 1,21,232 2,75, ,23,695 2,82, ,21,038 2,68, Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, ^ Oct 10, 2014 (Since Inception) % 5.47% 1.84% 10,913 11,258 10,415 Dec 31, 2015 To Dec 30, % 6.66% 3.01% Dec 31, 2014 To Dec 31, % 0.48% -4.06% Direct Plan Growth Option (V as on December 30, 2016 ^ Oct 10, 2014 (Since Inception) % 5.47% 1.84% 11,233 11,258 10,415 Dec 31, 2015 To Dec 30, % 6.66% 3.01% Dec 31, 2014 To Dec 31, % 0.48% -4.06% ` Unit) Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Balanced Fund Aggressive Index, Nifty 50. Performance of the funds managed by the fund manager are given on page No. 45 $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28, 2017 (IDFC - DEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of V HDFC Bank Banks 5.66 ITC Consumer Non Durables 4.48 HDFC Finance 4.37 Reliance Industries Petroleum Products 4.12 Infosys Software 4.07 ICICI Bank Banks 3.24 Tata Consultancy Services Software 2.64 Larsen & Toubro Construction Project 2.43 Kotak Mahindra Bank Banks 1.93 Axis Bank Banks 1.73 Top 10 Equity Other Equity Certificate of Deposit 6.40 Corporate Bond Commercial Pa 9.88 Margin Fixed Deposit 2.56 Call 4.02 Net Current Asset Equity Futures Total Grand Total For complete list of holdings please visit our website V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 16.88% Software 8.91% Auto 7.03% Consumer Non Durables 6.65% Petroleum Products 4.82% Finance 4.37% Pharmaceuticals 3.89% Construction Project 2.43% Cement 2.01% Power 1.96% Telecom - Services 1.26% Oil 1.10% Minerals/Mining 0.84% Ferrous Metals 0.65% Media & Entertainment 0.56% Gas 0.50% Transportation 0.49% Non - Ferrous Metals 0.48% Auto Ancillaries 0.40% Telecom - Equipment & Accessories 0.30% Industrial Capital Goods 0.30% Investors understand that their principal will be at Moderately High risk IDFC Dynamic Equity Fund This product is suitable for investors who are seeking*: To create wealth over a long iod of time Investment in equity &equity related instruments and for defensive purposes in the equity derivatives. The scheme may also invest in Debt & Money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 05

6 IDFC Classic Equity Fund Nature: Equity Avg AUM: ` Crores Inception Date: 9 August 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) About the Fund: IDFC Classic Equity fund invests in both large cap and mid cap companies. The focus of the fund is to build a portfolio of Quality companies while being cognizant of the relative valuation. Other Parameter: Beta 0.93 R Square 0.87 Standard Deviation (Annualized) 14.49% Sharpe* 0.77 Portfolio Turnover Equity 0.49 Aggregate^ 1.48 : S&P BSE 200 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as on th ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of ` in IDFC Classic Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of S&P BSE 200 S&P BSE 200 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns V SIP Performance 1 Year 3 Years Fund Performance Regular Plan Growth Option ( V as on December 30, Years 7 Years 10 Years ^ Aug 09, 2005 (Since Inception) % 11.77% 11.70% 33,875 35,555 35,303 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% (IDFC - CEF) An Open Ended Equity Fund Top 10 Equity Holdings ` Unit) Name Industries % of V HDFC Bank Banks 5.46 Reliance Industries Petroleum Products 4.87 ITC Consumer Non Durables 4.15 Axis Bank Banks 3.94 State Bank of India Banks 3.60 ICICI Bank Banks 3.45 Larsen & Toubro Construction Project 3.32 Infosys Software 3.18 IndusInd Bank Banks 2.84 HCL Technologies Software 1.76 For complete list of holdings please visit our website Since Inception Aug 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,70,000 1,25,901 4,13,031 8,14,454 12,17,370 19,65,445 24,26, ,21,789 3,87,442 7,62,418 11,36,710 18,90,440 23,64, ,21,038 3,75,662 7,28,382 10,91,651 18,05,099 22,67, Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend V Industry Allocation: Direct Plan Growth Option (V as on December 30, 2016 Banks 24.51% Petroleum Products 9.37% Software 7.25% Finance 6.29% Consumer Non Durables 5.59% Pharmaceuticals 5.42% Power 5.06% Cement 4.08% Auto Ancillaries 3.86% Construction Project 3.32% Industrial Capital Goods 2.92% Auto 2.88% Gas 2.70% Hotels, Resorts And Other Recreational Activities 2.04% Consumer Durables 1.57% Oil 1.36% Non - Ferrous Metals 1.24% Telecom - Services 1.08% Retailing 1.03% Services 0.94% Media & Entertainment 0.04% Returns^ IDFC Classic Equity Fund Investors understand that their principal will be at Moderately High risk ^ This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. ` Unit) Jan 01, 2013 (Since Inception) % 9.46% 8.30% 15,542 14,353 13,756 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200, Nifty 50. Performance of the funds managed by the fund manager are given on page No

7 IDFC Sterling Equity Fund Nature: Equity Avg AUM: ` 1, Crores Inception Date: 7 March 2008 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) About the Fund: IDFC Sterling Equity Fund is a mid cap fund that focuses on active stock selection strategy. Other Parameter: Beta 0.96 R Square 0.85 Standard Deviation (Annualized) 18.09% Sharpe* 1.01 Portfolio Turnover Equity 0.38 Aggregate^ 0.41 : Nifty Free Float Midcap 100 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of in IDFC Sterling Equity Fund -Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of Nifty Free Float Midcap 100 Nifty Free Float Midcap 100 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns (IDFC - SEF) An Open Ended Equity Fund Top 10 Equity Holdings Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 V SIP Performance 1 Year 3 Years 5 Years 7 Years ` Unit) Name Industries % of V Future Retail Retailing 5.33 The Ramco Cements Cement 5.23 IndusInd Bank Banks 4.06 Engineers India Construction Project 3.21 KEC International Construction Project 3.17 Bajaj Finance Finance 3.17 VRL Logistics Transportation 2.62 Minda Industries Auto Ancillaries 2.49 KEI Industries Industrial Products 2.45 Voltas Construction Project 2.16 For complete list of holdings please visit our website ^ Since Inception Mar 07, ,20,000 3,60,000 6,00,000 8,40,000 10,60,000 1,21,560 4,05,456 8,54,727 13,46,371 22,02, ,24,103 4,32,410 8,94,727 13,28,804 19,75, ,21,038 3,75,662 7,28,382 10,91,651 15,53, V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Mar 07, 2008 (Since Inception) % 9.39% 6.31% 36,128 22,075 17,155 Dec 31, 2015 To Dec 30, % 7.13% 3.01% Dec 31, 2014 To Dec 31, % 6.46% -4.06% Dec 31, 2013 To Dec 31, % 55.91% 31.39% Industry Allocation: Banks 10.75% Construction Project 10.40% Auto Ancillaries 9.26% Retailing 8.27% Cement 7.79% Finance 6.82% Industrial Capital Goods 5.11% Media & Entertainment 4.96% Consumer Non Durables 4.25% Software 3.73% Pharmaceuticals 3.31% Consumer Durables 3.24% Petroleum Products 2.75% Transportation 2.62% Hotels, Resorts And Other Recreational Activities 2.51% Industrial Products 2.45% Gas 1.95% Power 1.51% Chemicals 1.16% Textile Products 1.09% Fertilisers 0.91% Oil 0.36% IDFC Sterling Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments in the mid cap segment *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V Returns^ ^ Jan 01, 2013 (Since Inception) % 13.66% 8.30% 17,038 16,683 13,756 Dec 31, 2015 To Dec 30, % 7.13% 3.01% Dec 31, 2014 To Dec 31, % 6.46% -4.06% Dec 31, 2013 To Dec 31, % 55.91% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. Nifty Free Float Midcap 100, Nifty 50. Performance of the funds managed by the fund manager are given on page No

8 IDFC Premier Equity Fund Nature: Equity Avg AUM: ` 5, Crores Inception Date: 28 September 2005 Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) About the Fund: IDFC Premier Equity Fund is a Diversified Equity Fund. It encourages systematic investing by being a predominantly SIP/STP fund. Other Parameter: Beta 0.99 R Square 0.82 Standard Deviation (Annualized) 16.27% Sharpe* 0.99 Portfolio Turnover Equity 0.23 Aggregate^ 0.32 : S&P BSE 500 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). (IDFC - PEF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of V Gujarat State Petronet Gas 3.46 Maruti Suzuki India Auto 3.45 Bharat Financial Inclusion Finance 3.30 Voltas Construction Project 3.19 Ashok Leyland Auto 3.19 FAG Bearings India Industrial Products 3.13 Greaves Cotton Industrial Products 3.12 VA Tech Wabag Engineering Services 3.04 JM Financial Finance 2.91 Asian Paints Consumer Non Durables 2.90 Industry Allocation: Finance 14.47% Consumer Non Durables 11.25% Industrial Products 7.50% Transportation 6.90% Auto 6.64% Pharmaceuticals 5.58% Banks 5.24% Chemicals 3.80% Construction Project 3.52% Gas 3.46% Engineering Services 3.04% Textiles - Cotton 2.73% IT Consulting & Other Services 2.66% Ferrous Metals 2.49% Textile Products 2.23% Trading 2.01% Industrial Capital Goods 1.98% Cement 1.89% Auto Ancillaries 1.55% Consumer Durables 1.36% Petroleum Products 1.31% Construction 1.06% Media & Entertainment 0.67% SIP of in IDFC Premier Equity Fund -Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of S&P BSE 500 S&P BSE 500 Returns Total Value of Nifty 50 Index Nifty 50 Index Returns SIP Performance 1 Year 3 Years Fund Performance Regular Plan Growth Option ( V as on December 30, Years 7 Years 10 Years Since Inception Sep 28, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,60,000 1,16,797 4,00,193 8,81,319 14,30,661 29,21,530 39,82, ,21,960 3,89,727 7,68,672 11,42,510 18,94,320 23,23, ,21,038 3,75,662 7,28,382 10,91,651 18,05,099 22,29, Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, ` Unit) For complete list of holdings please visit our website V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend IDFC Premier Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments across market capitalisation. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Sep 28, 2005 (Since Inception) % 10.67% 10.73% 71,070 31,316 31,507 Dec 31, 2015 To Dec 30, % 3.78% 3.01% Dec 31, 2014 To Dec 31, % -0.82% -4.06% Dec 31, 2013 To Dec 31, % 36.96% 31.39% V Returns^ ^ Jan 01, 2013 (Since Inception) % 9.60% 8.30% 18,075 14,425 13,756 Dec 31, 2015 To Dec 30, % 3.78% 3.01% Dec 31, 2014 To Dec 31, % -0.82% -4.06% Dec 31, 2013 To Dec 31, % 36.96% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 500 Nifty 50. Performance of the funds managed by the fund manager are given on page No

9 IDFC Imial Equity Fund Nature: Equity Avg AUM: ` Crores Inception Date: 16 March 2006 Fund Manager: Mr. Sumit Agrawal (w.e.f. 20th October 2016) About the Fund: A large cap fund with focus on active stock as well as sector selection. Other Parameter: Beta 0.97 R Square 0.94 Standard Deviation (Annualized) 14.13% Sharpe* 0.42 Portfolio Turnover Equity 1.10 Aggregate^ 1.24 : Nifty 50 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of ` in IDFC Imial Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of Nifty 50 Index Nifty 50 Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception Mar 16, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,00,000 1,21,088 3,71,706 7,09,240 10,42,569 17,44,078 19,91, ,21,038 3,75,662 7,28,382 10,91,651 18,05,099 20,45, ,20,762 3,69,670 7,15,738 10,70,187 17,62,502 19,91, (IDFC - IEF) An Open Ended Equity Fund Top 10 Equity Holdings Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Name Industries % of V Infosys Software 7.69 Hindustan Petroleum Corporation Petroleum Products 7.47 ICICI Bank Banks 6.65 Sun Pharmaceuticals Industries Pharmaceuticals 5.66 Bharat Electronics Industrial Capital Goods 4.91 IndusInd Bank Banks 4.86 State Bank of India Banks 4.74 Maruti Suzuki India Auto 4.39 PNB Housing Finance Finance 3.98 ITC Consumer Non Durables 3.89 For complete list of holdings please visit our website V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Direct Plan Growth Option (V as on December 30, 2016 Banks 21.58% Finance 11.25% Software 10.80% Pharmaceuticals 8.86% Petroleum Products 7.47% Auto 6.71% Consumer Non Durables 6.51% Industrial Capital Goods 6.03% Gas 5.44% IT Consulting & Other Services 3.13% Non - Ferrous Metals 3.07% Consumer Durables 2.83% Industrial Products 2.82% Cement 1.99% Miscellaneous 1.54% Hotels, Resorts And Other Recreational Activities 1.28% IDFC Imial Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments in the large cap segment. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. ` Unit) V ^ Mar 16, 2006 (Since Inception) % 9.00% 8.64% 26,162 25,370 24,476 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% V Returns^ ^ Jan 01, 2013 (Since Inception) % 8.30% 7.99% 13,691 13,756 13,598 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50, S&P BSE Sensex. Performance of the funds managed by the fund manager are given on page No

10 IDFC Equity Fund Nature: Equity Avg AUM: ` Crores Inception Date: 9 June 2006 $ Fund Manager: Ms. Meenakshi Dawar (w.e.f. 7th September 2015) About the Fund: Positioned to mirror the broad sector weightages of the Nifty 50 and within those sectors there is active stock selection by the fund manager (within top 100 companies). Further, it will also invest in companies seeking growth capital through IPOs/secondary market issuances. Other Parameter: Beta (Nifty 50) 0.96 R Square (Nifty 50) 0.98 Standard Deviation (Annualized) 13.74% Sharpe* 0.43 Portfolio Turnover Equity 0.33 Aggregate^ 0.35 : Nifty 50 th * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as on 28 February 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of ` in IDFC Equity Fund - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Value of Nifty 50 Index Nifty 50 Index Returns Total Value of S&P BSE SENSEX S&P BSE SENSEX Returns SIP Performance 1 Year 3 Years 5 Years 7 Years 10 Years (IDFC - EF) An Open Ended Equity Fund Top 10 Equity Holdings Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Name Industries % of V HDFC Bank Banks 8.19 Infosys Software 6.24 ITC Consumer Non Durables 5.50 ICICI Bank Banks 5.21 State Bank of India Banks 4.12 Larsen & Toubro Construction Project 3.82 Kotak Mahindra Bank Banks 3.68 IndusInd Bank Banks 3.67 Reliance Industries Petroleum Products 3.41 Bharat Petroleum Corporation Petroleum Products 3.08 For complete list of holdings please visit our website Since Inception Jun 09, ,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,70,000 1,22,135 3,77,588 7,30,992 11,03,177 18,23,736 19,80, ,21,038 3,75,662 7,28,382 10,91,651 18,04,846 19,73, ,20,762 3,69,670 7,15,738 10,70,187 17,62,331 19,21, Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, V ( `) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 30.56% Software 14.19% Consumer Non Durables 10.02% Auto 9.21% Petroleum Products 8.20% Construction Project 3.82% Pharmaceuticals 3.54% Cement 3.44% Media & Entertainment 2.53% Consumer Durables 2.43% Finance 1.92% Ferrous Metals 1.85% Power 1.84% Gas 1.78% Telecom - Services 1.41% Transportation 1.27% Minerals/Mining 0.74% IDFC Equity Fund Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28, 2017 Jun 09, 2006 (Since Inception) % 10.44% 9.91% 23,885 28,559 27,141 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% V Returns^ ^ Jan 01, 2013 (Since Inception) % 8.30% 7.99% 14,512 13,756 13,598 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50, S&P BSE Sensex. Performance of the funds managed by the fund manager are given on page No

11 IDFC Nifty Fund Nature: Equity Avg AUM: ` Crores Inception Date: 30 April 2010 $ Fund Manager: Ms. Meenakshi Dawar (w.e.f. 7th September 2015) About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the Nifty 50. Other Parameter: Beta 1.01 R Square 1.00 Standard Deviation (Annualized) 14.27% Sharpe* 0.49 Portfolio Turnover Equity 0.37 Aggregate^ 0.65 Tracking Error (Annualized) 0.65% : Nifty 50 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of ` in IDFC Nifty - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns SIP Performance 1 Year 3 Years 5 Years (IDFC - NF) An Open Ended Index Linked Equity Since Inception Apr 30, ,20,000 3,60,000 6,00,000 8,10,000 1,21,491 3,80,293 7,44,975 10,78, Top 10 Equity Holdings Name Industries % of V HDFC Bank Banks 8.41 ITC Consumer Non Durables 6.68 HDFC Finance 6.53 Reliance Industries Petroleum Products 6.12 Infosys Software 6.09 ICICI Bank Banks 4.84 Tata Consultancy Services Software 3.95 Larsen & Toubro Construction Project 3.63 Kotak Mahindra Bank Banks 2.89 Tata Motors Auto 2.65 For complete list of holdings please visit our website V ( `) Total Value of Nifty 50 Index 1,21,038 3,75,662 7,28,382 10,43,020 Nifty 50 Index Returns Total Value of S&P BSE SENSEX 1,20,762 3,69,670 7,15,738 10,22,983 S&P BSE SENSEX Returns Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Direct Plan Growth Option (V as on December 30, 2016 Banks 25.13% Software 13.35% Auto 10.59% Consumer Non Durables 9.93% Petroleum Products 7.17% Finance 6.53% Pharmaceuticals 5.78% Construction Project 3.63% Cement 3.07% Power 2.94% Telecom - Services 1.88% Oil 1.57% Minerals/Mining 1.22% Ferrous Metals 0.97% Media & Entertainment 0.83% Transportation 0.78% Gas 0.73% Non - Ferrous Metals 0.71% Auto Ancillaries 0.59% Telecom - Equipment & Accessories 0.45% Industrial Capital Goods 0.44% Investors understand that their principal will be at Moderately High risk IDFC Nifty Fund This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion/weightage. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. ` Unit) V ^ Apr 30, 2010 (Since Inception) % 6.80% 6.44% 16,539 15,509 15,164 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% V Returns^ ^ Jan 01, 2013 (Since Inception) % 8.30% 7.99% 14,226 13,756 13,598 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% ^ Past formance may or may not be sustained in future Nifty 50, S&P BSE Sensex. Performance of the funds managed by the fund manager are given on page No $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

12 IDFC Infrastructure Fund Nature: Equity Avg AUM: ` Crores Inception Date: 8 March 2011 Fund Manager: Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013) About the Fund: A dedicated Infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. It is a diversified portfolio of companies that are participating in and benefitting from the Indian Infrastructure and Infrastructure related activities. Other Parameter: Beta 0.75 R Square 0.77 Standard Deviation (Annualized) 19.68% Sharpe* 0.93 Portfolio Turnover Equity 0.61 Aggregate^ 0.61 : Nifty Infrastructure * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP of ` in IDFC Infra - Regular Plan - Growth Total Amount Invested ( `) Total Value as on Dec 30, 2016 ( `) Fund Returns Total Values of Nifty Infrastructure Nifty Infrastructure Returns Total Value of Nifty 50 Index Nifty 50 Index returns (IDFC - IF) An Open Ended Equity Fund Top 10 Equity Holdings Name Industries % of V Engineers India Construction Project 6.35 Indraprastha Gas Gas 5.77 Vedanta Non - Ferrous Metals 4.87 NBCC (India) Construction 4.83 Cairn India Oil 4.69 Dilip Buildcon Construction 4.31 Bharti Airtel Telecom - Services 4.16 Ahluwalia Contracts (India) Construction 4.14 Larsen & Toubro Construction Project 4.10 J.Kumar Infraprojects Construction 3.94 For complete list of holdings please visit our website V ( `) Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) SIP Performance V 1 Year 3 Years 5 Years Since Inception Mar 08, ,20,000 3,60,000 6,00,000 7,00,000 1,33,317 4,25,066 7,92,564 9,21, ,19,963 3,39,984 6,15,465 7,10, ,21,038 3,75,662 7,28,382 8,80, Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, ^ Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Mar 08, 2011 (Since Inception) % -1.11% 7.00% 12,468 9,373 14,827 Dec 31, 2015 To Dec 30, % -2.05% 3.01% Dec 31, 2014 To Dec 31, % -8.91% -4.06% Dec 31, 2013 To Dec 31, % 22.71% 31.39% Industry Allocation: Direct Plan Growth Option (V as on December 30, 2016 V Construction 20.19% Construction Project 13.63% Power 8.29% Gas 7.69% Industrial Capital Goods 7.55% Non - Ferrous Metals 6.93% Telecom - Services 5.73% Transportation 5.21% Ferrous Metals 4.78% Oil 4.69% Finance 3.58% Cement 3.16% Engineering Services 3.01% Petroleum Products 2.60% Industrial Products 1.18% Consumer Durables 1.16% IDFC Infrastructure Fund This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in equity and equity related instruments of co m p a n i e s t h a t a re participating in and benefiting from growth in Indian infrastructure and Investors understand that their principal infrastructural related will be at High risk activities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Returns^ ` Unit) ^ Jan 01, 2013 (Since Inception) % 0.91% 8.30% 14,714 10,370 13,756 Dec 31, 2015 To Dec 30, % -2.05% 3.01% Dec 31, 2014 To Dec 31, % -8.91% -4.06% Dec 31, 2013 To Dec 31, % 22.71% 31.39% ^ Past formance may or may not be sustained in future Nifty Infra, Nifty 50. Performance of the funds managed by the fund manager are given on page No

13 IDFC Tax Advantage (ELSS) Fund Nature: Equity Avg AUM: ` Crores Inception Date: 26 December 2008 Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th October 2016) About the Fund: The Fund is an Equity Linked Savings (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 mitted under the Income Tax Act, Other Parameter: Beta 0.99 R Square 0.83 Standard Deviation (Annualized) 15.88% Sharpe* 0.92 Portfolio Turnover Equity 0.46 Aggregate^ 0.46 : S&P BSE 200 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as th on ). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). SIP Performance SIP of ` in IDFC Tax Since Advantage (ELSS) Fund - Regular 1 Year 3 Years 5 Years 7 Years Inception Plan - Growth Dec 26, 2008 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 9,70,000 Total Value as on Dec 30, 2016 ( `) 1,20,030 3,99,761 8,58,376 13,49,325 17,58,937 Fund Returns Total Value of S&P BSE 200 1,21,789 3,87,442 7,62,418 11,36,710 14,47,386 S&P BSE 200 Returns Total Value of NIFTY 50 Index 1,21,038 3,75,662 7,28,382 10,91,651 13,78,650 NIFTY 50 Index Returns Past formance may or may not be sustained in future. Returns greater than 1 year iod 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 December 30, Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 (IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving with Lock in of 3 Years Top 10 Equity Holdings Name Industries % of V HDFC Bank Banks 6.29 The Ramco Cements Cement 3.85 Infosys Software 3.70 ICICI Bank Banks 3.30 Procter & Gamble Hygiene and Health Care Consumer Non Durables 3.24 Future Retail Retailing 2.88 ITC Consumer Non Durables 2.78 KEC International Construction Project 2.70 Engineers India Construction Project 2.58 IndusInd Bank Banks 2.53 For complete list of holdings please visit our website V ( `) ` Unit) Regular Plan Growth Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Industry Allocation: Banks 19.58% Consumer Non Durables 9.46% Software 7.88% Construction Project 7.29% Auto Ancillaries 6.33% Cement 5.79% Auto 4.46% Finance 4.43% Petroleum Products 4.41% Pharmaceuticals 3.69% Gas 3.31% Media & Entertainment 3.22% Industrial Capital Goods 3.19% Retailing 2.88% Transportation 1.97% Non - Ferrous Metals 1.96% Industrial Products 1.77% Consumer Durables 1.46% Textile Products 0.94% Miscellaneous 0.92% Fertilisers 0.92% Chemicals 0.60% IDFC Tax Advantage Fund -ELSS Investors understand that their principal will be at Moderately High risk This product is suitable for investors who are seeking*: Create wealth over a long iod of time. Investment predominantly in Equity and Equity related securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Dec 26, 2008 (Since Inception) % 15.37% 14.03% 38,846 31,465 28,649 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% V Returns^ ^ Jan 01, 2013 (Since Inception) % 9.46% 8.30% 18,121 14,353 13,756 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200, Nifty 50. Performance of the funds managed by the fund manager are given on page No

14 IDFC Arbitrage Fund Nature: Equity & Equity Derivatives Avg AUM: ` 2, Crores Inception Date: 21 December 2006 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June $ 2013), Ms. Meenakshi Dawar (w.e.f. 7th September 2015) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market. Other Parameter: Beta 0.83 R Square 0.40 Standard Deviation (Annualized) 0.49% Sharpe* 2.19 Portfolio Turnover Equity 2.79 Aggregate^ : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. Industry Allocation: Pharmaceuticals 10.22% Finance 10.02% Consumer Non Durables 6.94% Auto 5.30% Banks 3.89% Power 3.74% Ferrous Metals 3.02% Oil 2.74% Petroleum Products 2.56% Auto Ancillaries 2.47% Construction 2.12% Telecom - Services 1.97% Cement 1.75% Telecom -Equipment & Accessories 1.54% Software 1.52% V ( `) Fund Performance Services 1.46% Industrial Capital Goods 1.34% Media & Entertainment 1.17% Industrial Products 1.09% Non - Ferrous Metals 0.99% Pesticides 0.83% Textile Products 0.78% Construction Project 0.67% Consumer Durables 0.51% Gas 0.50% Chemicals 0.49% Transportation 0.09% Trading 0.05% Regular Plan Growth Regular Plan Dividend Regular Plan Dividend-Annually Direct Plan Growth Direct Plan Dividend Direct Plan Dividend-Annually Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) V (IDFC - AF) An Open Ended Equity Fund Portfolio Name Industries % of V Dr. Reddy's Laboratories Pharmaceuticals 3.33 Aurobindo Pharma Pharmaceuticals 3.02 Indiabulls Housing Finance Finance 2.41 United Spirits Consumer Non Durables 2.06 JSW Steel Ferrous Metals 2.02 Castrol India Petroleum Products 1.97 Cairn India Oil 1.95 ITC Consumer Non Durables 1.71 Bharat Financial Inclusion Finance 1.70 Century Textiles & Industries Cement 1.57 Lupin Pharmaceuticals 1.57 Bharti Infratel Telecom - Equipment & Accessories 1.54 Reliance Infrastructure Power 1.53 Reliance Capital Finance 1.50 Aditya Birla Nuvo Services 1.46 HDFC Finance 1.46 Dewan Housing Finance Corporation Finance 1.46 Tata Global Beverages Consumer Non Durables 1.44 Tata Communications Telecom - Services 1.32 Exide Industries Auto Ancillaries 1.31 The Federal Bank Banks 1.15 Maruti Suzuki India Auto 1.15 IRB Infrastructure Develos Construction 1.03 Bharat Electronics Industrial Capital Goods 1.03 Hindalco Industries Non - Ferrous Metals 0.99 Tata Motors Auto 0.96 Divi's Laboratories Pharmaceuticals 0.95 LIC Housing Finance Finance 0.93 Zee Entertainment Enterprises Media & Entertainment 0.92 Power Grid Corporation of India Power 0.87 Ashok Leyland Auto 0.86 UPL Pesticides 0.83 Asian Paints Consumer Non Durables 0.82 ICICI Bank Banks 0.81 Tata Motors Auto 0.80 Oil & Natural Gas Corporation Oil 0.79 Arvind Textile Products 0.78 Sintex Industries Industrial Products 0.78 Sun Pharmaceuticals Industries Pharmaceuticals 0.76 Hero MotoCorp Auto 0.73 Apollo Tyres Auto Ancillaries 0.73 Larsen & Toubro Construction Project 0.64 Jindal Steel & Power Ferrous Metals 0.55 Hindustan Unilever Consumer Non Durables 0.54 Mahindra & Mahindra Auto 0.53 Idea Cellular Telecom - Services 0.53 Tata Consultancy Services Software 0.51 Titan Company Consumer Durables 0.51 Reliance Power Power 0.49 Pidilite Industries Chemicals 0.49 Axis Bank Banks 0.48 Housing Development and Infrastructure Construction 0.48 Tata Steel Ferrous Metals 0.45 Bank of Baroda Banks 0.44 Indiabulls Real Estate Construction 0.41 Bharat Petroleum Corporation Petroleum Products 0.37 Britannia Industries Consumer Non Durables 0.36 HCL Technologies Software 0.33 Petronet LNG Gas 0.30 BEML Industrial Capital Goods 0.30 CESC Power 0.29 Shriram Transport Finance Company Finance 0.29 IndusInd Bank Banks 0.28 Tata Power Company Power 0.27 CEAT Auto Ancillaries 0.26 Eicher Motors Auto 0.25 Tata Elxsi Software 0.24 Bajaj Finance Finance 0.23 Oriental Bank of Commerce Banks 0.23 Yes Bank Banks 0.22 Granules India Pharmaceuticals 0.22 Syndicate Bank Banks 0.20 Indraprastha Gas Gas 0.19 DLF Construction 0.19 Sun TV Network Media & Entertainment 0.19 For complete list of holdings please visit our website ^ Dec 21, 2006 (Since Inception) % 7.65% 7.85% 20,447 20,943 21,353 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Name Industries % of V The India Cements Cement 0.18 Reliance Industries Petroleum Products 0.17 Wipro Software 0.17 Jain Irrigation Systems Industrial Products 0.16 Motherson Sumi Systems Auto Ancillaries 0.15 Bharat Forge Industrial Products 0.15 Cipla Pharmaceuticals 0.14 NIIT Technologies Software 0.12 Reliance Communications Telecom - Services 0.12 NTPC Power 0.11 Oracle Financial Services Software Software 0.11 Adani Power Power 0.11 Wockhardt Pharmaceuticals 0.10 Adani Ports and Special Economic Zone Transportation 0.09 Glenmark Pharmaceuticals Pharmaceuticals 0.08 Andhra Bank Banks 0.06 Dish TV India Media & Entertainment 0.06 Adani Enterprises Trading 0.05 Engineers India Construction Project 0.04 Bosch Auto Ancillaries 0.03 Hindustan Petroleum Corporation Petroleum Products 0.03 Bajaj Auto Auto 0.03 L&T Finance Holdings Finance 0.03 PTC India Power 0.02 JSW Energy Power 0.02 Strides Shasun Pharmaceuticals 0.02 KPIT Technologies Software 0.02 Indian Oil Corporation Petroleum Products 0.02 Mahindra & Mahindra Financial Services Finance 0.02 Torrent Power Power 0.02 Biocon Pharmaceuticals 0.01 Kaveri Seed Company Consumer Non Durables 0.01 MindTree Software 0.01 Siemens Industrial Capital Goods 0.01 Kotak Mahindra Bank Banks ACC Cement Ambuja Cements Cement Infosys Software Total Hedged Equity Margin Fixed Deposit Certificate of Deposit 0.87 Corporate Bond 9.61 Commercial Pa 2.68 Zero Coupon Bond 4.08 CBLO 3.45 Net Current Asset Grand Total Investors understand that their principal will be at Moderately Low risk IDFC Arbitrage Fund This product is suitable for investors who are seeking*: To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V Returns^ ^ Jan 17, 2013 (Since Inception) % 8.49% 8.00% 13,744 13,803 13,554 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. CRISIL Liquid Fund Index, Nifty 50. Performance of the funds managed by the fund manager are given on page No. 45 $ Ms Meenakshi Dawar ceases to be the Fund Manager with * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as on 28 th February 2017). Ratios calculated on the basis of 3 years history of monthly data. effect from the closure of business hours of February 28, 2017 ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). 14

15 IDFC Arbitrage Plus Fund Nature: Equity Derivatives Avg AUM: ` Crores Inception Date: 9 June 2008 Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June $ 2013), Ms. Meenakshi Dawar (w.e.f. 7th September 2015) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The fund can also tactically participate in a mix of strategies like pair trades, corporate events like buybacks, etc, (restricted upto 5% of the portfolio). The balance is invested in actively managed debt and money market instruments. Other Parameter: Beta 1.14 R Square 0.18 Standard Deviation (Annualized) 0.99% Sharpe* 0.89 Portfolio Turnover Equity 2.03 Aggregate^ : Crisil Liquid Fund Index Ratios calculated on the basis of 3 years history of monthly data. Industry Allocation: Consumer Non Durables 10.00% Pharmaceuticals 9.00% Finance 7.35% Banks 5.85% Auto 5.74% Petroleum Products 4.51% Power 4.00% Industrial Capital Goods 3.14% Cement 3.07% Ferrous Metals 2.82% Construction 2.20% Pesticides 1.94% Media & Entertainment 1.57% Software 1.54% V ( `) Regular Plan Growth Regular Plan Dividend Regular Plan Dividend-Annually Direct Plan Growth Direct Plan Dividend Direct Plan Dividend-Annually Fund Performance Telecom - Services 1.38% Industrial Products 1.31% Non - Ferrous Metals 1.01% Construction Project 0.79% Oil 0.57% Gas 0.52% Telecom - Equipment & Accessories 0.47% Auto Ancillaries 0.46% Services 0.32% Consumer Durables 0.27% Textile Products 0.25% Chemicals 0.19% (IDFC - APF) An Open Ended Equity Fund Portfolio Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) V Name Industries/Rating % of V Sun Pharmaceuticals Industries Pharmaceuticals 3.49 Bharat Electronics Industrial Capital Goods 2.88 HDFC Finance 2.78 United Spirits Consumer Non Durables 2.67 Reliance Industries Petroleum Products 2.55 Tata Motors Auto 2.45 Century Textiles & Industries Cement 2.35 ICICI Bank Banks 2.16 ITC Consumer Non Durables 2.08 Castrol India Petroleum Products 1.97 UPL Pesticides 1.94 Ashok Leyland Auto 1.83 Aurobindo Pharma Pharmaceuticals 1.74 Indiabulls Housing Finance Finance 1.72 Jindal Steel & Power Ferrous Metals 1.71 Tata Global Beverages Consumer Non Durables 1.61 Asian Paints Consumer Non Durables 1.54 The Federal Bank Banks 1.39 Idea Cellular Telecom - Services 1.33 Britannia Industries Consumer Non Durables 1.29 IRB Infrastructure Develos Construction 1.28 Dr. Reddy's Laboratories Pharmaceuticals 1.24 Power Grid Corporation of India Power 1.23 Zee Entertainment Enterprises Media & Entertainment 1.12 Sintex Industries Industrial Products 1.11 Reliance Power Power 1.10 Adani Power Power 1.06 Hindalco Industries Non - Ferrous Metals 1.01 Reliance Capital Finance 0.95 State Bank of India Banks 0.95 Dewan Housing Finance Corporation Finance 0.92 Glenmark Pharmaceuticals Pharmaceuticals 0.91 Tata Elxsi Software 0.86 JSW Steel Ferrous Metals 0.81 Wockhardt Pharmaceuticals 0.76 Yes Bank Banks 0.70 Tata Consultancy Services Software 0.68 Larsen & Toubro Construction Project 0.54 Maruti Suzuki India Auto 0.53 Housing Development and Infrastructure Construction 0.52 Hindustan Unilever Consumer Non Durables 0.52 Bharti Infratel Telecom - Equipment & Accessories 0.47 Indraprastha Gas Gas 0.46 Shriram Transport Finance Company Finance 0.46 Hero MotoCorp Auto 0.42 LIC Housing Finance Finance 0.39 TV18 Broadcast Media & Entertainment 0.38 Motherson Sumi Systems Auto Ancillaries 0.35 Cairn India Oil 0.33 The India Cements Cement 0.33 Aditya Birla Nuvo Services 0.32 Reliance Infrastructure Power 0.32 Divi's Laboratories Pharmaceuticals 0.31 Tata Steel Ferrous Metals 0.30 Bank of Baroda Banks 0.30 Kaveri Seed Company Consumer Non Durables 0.29 Tata Motors Auto 0.28 Titan Company Consumer Durables 0.27 Lupin Pharmaceuticals 0.27 Arvind Textile Products 0.25 Bharat Heavy Electricals Industrial Capital Goods 0.25 Indiabulls Real Estate Construction 0.25 Oil & Natural Gas Corporation Oil 0.23 Syndicate Bank Banks 0.22 For complete list of holdings please visit our website ^ Jun 09, 2008 (Since Inception) % 7.67% 7.23% 18,100 18,837 18,187 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Name Industries/Rating % of V Bharat Forge Industrial Products 0.20 Grasim Industries Cement 0.20 ACC Cement 0.20 Tata Chemicals Chemicals 0.18 Engineers India Construction Project 0.16 Tata Power Company Power 0.15 Eicher Motors Auto 0.15 DLF Construction 0.15 Bharat Financial Inclusion Finance 0.14 Cadila Healthcare Pharmaceuticals 0.13 Apollo Tyres Auto Ancillaries 0.11 Biocon Pharmaceuticals 0.11 NCC Construction Project 0.09 Dish TV India Media & Entertainment 0.08 Axis Bank Banks 0.07 Mahindra & Mahindra Auto 0.07 NTPC Power 0.07 PTC India Power 0.07 Petronet LNG Gas 0.06 Tata Communications Telecom - Services 0.05 Cipla Pharmaceuticals 0.05 Andhra Bank Banks 0.05 CESC Power 0.01 Pidilite Industries Chemicals 0.01 Siemens Industrial Capital Goods 0.01 Total Hedged Equity Government Bond % G -Sec SOV % G -Sec SOV % G -Sec SOV 0.06 Margin Fixed Deposit Corporate Bond 3.50 CBLO Net Current Asset Grand Total IDFC Arbitrage Plus Fund This product is suitable for investors who are seeking*: To generate low volatility returns over short to medium term Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing Investors understand that their principal the balance in debt and money market will be at Moderate risk instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V Returns^ ^ Dec 31, 2013 (Since Inception) % 8.31% 9.10% 12,597 12,705 12,985 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. CRISIL Liquid Fund Index, Nifty 50. Performance of the funds managed by the fund manager are given on page No. 45 * Risk-free rate assumed to be 6.05% (FBIL OVERNIGHT MIBOR as on 28 th February 2017). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

16 IDFC Sensex Exchange Traded Fund Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings (RGESS) Qualified ] Avg AUM: ` Lakhs Inception Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti Other Parameter Portfolio Turnover Equity 6.91 Aggregate^ 6.91 : S&P BSE Sensex ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). V ( `) Regular Plan Regular Plan Growth Dividend N.A (IDFC - SETF) Open Ended Exchange Traded Fund Top 10 Equity Holdings Name Industries % of V HDFC Bank Banks ITC Consumer Non Durables 8.52 HDFC Finance 8.14 Reliance Industries Petroleum Products 7.70 Infosys Software 7.70 ICICI Bank Banks 6.14 Tata Consultancy Services Software 4.98 Larsen & Toubro Construction Project 4.46 Tata Motors Auto 3.36 Axis Bank Banks 3.19 For complete list of holdings please visit our website Industry Allocation: Banks 23.09% Software 13.94% Consumer Non Durables 12.79% Auto 11.30% Finance 8.14% Petroleum Products 7.70% Pharmaceuticals 6.45% Construction Project 4.46% Power 3.18% Oil 1.98% Telecom - Services 1.78% Minerals/Mining 1.49% Ferrous Metals 1.30% Transportation 1.09% Gas 0.98% IDFC Sensex Exchange Traded Fund This product is suitable for investors who are seeking*: To create wealth over a long iod of time Investment in securities covered by S&P BSE Sensex Index Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 16

17 IDFC Nifty Exchange Traded Fund Nature: Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings (RGESS) Qualified ] Avg AUM: ` Lakhs Inception Date: 07 October 2016 Fund Manager: Mr. Yogik Pitti Other Parameter Portfolio Turnover Equity 6.33 Aggregate^ 6.33 : Nifty 50 ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the iod / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). V ( `) Regular Plan Regular Plan Growth Dividend N.A (IDFC - NETF) Open Ended Exchange Traded Fund Top 10 Equity Holdings Name Industries % of V HDFC Bank Banks 8.70 ITC Consumer Non Durables 6.82 HDFC Finance 6.60 Infosys Software 6.31 Reliance Industries Petroleum Products 6.28 ICICI Bank Banks 4.92 Tata Consultancy Services Software 3.76 Larsen & Toubro Construction Project 3.68 Kotak Mahindra Bank Banks 2.92 Tata Motors Auto 2.75 For complete list of holdings please visit our website Industry Allocation: Banks 25.61% Software 13.29% Auto 10.47% Consumer Non Durables 9.97% Petroleum Products 7.28% Finance 6.60% Pharmaceuticals 6.15% Construction Project 3.68% Cement 3.36% Power 3.03% Telecom - Services 1.90% Oil 1.61% Minerals/Mining 1.29% Ferrous Metals 0.96% Transportation 0.83% Media & Entertainment 0.81% Non - Ferrous Metals 0.75% Gas 0.68% Auto Ancillaries 0.52% Industrial Capital Goods 0.45% Telecom - Equipment & Accessories 0.43% IDFC Nifty Exchange Traded Fund This product is suitable for investors who are seeking*: To create wealth over a long iod of time Investment in securities covered by Nifty 50 Index Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 17

18 IDFC Income Plan Nature: Debt Avg AUM: ` Crores Inception Date: 25 February 2010 Fund Manager: Equity Portion: Mr. Sumit Agrawal (w.e.f. 20th October 2016) Debt Portion: Mr. Anurag Mittal (w.e.f. 09th November 2015) About the fund: MIP is a hybrid fund which offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an all cap portfolio. The Fixed Income portfolio is a mix of high quality debt and money market instruments. Other Parameter: Modified Duration: 2.69 years * Average Maturity: 3.34 years * Yield to Maturity: 6.72% *Of Debt Allocation Only Asset allocation: Equity 24.30% Debt 75.70% : Crisil MIP Blended Index (IDFC - MIP) An Open Ended Debt Fund Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) IDFC - Income Plan This product is suitable for investors who are seeking*: Capital appreciation and provide regular income over a long iod 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 longterm capital appreciation. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. V income is not assured and is subject to availability of distributable surplus Portfolio : Name Rating/Industry % of V Name Rating/Industry % of V CBLO Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 4.19 Corporate Bond 7.18 Blue Dart Express AA 2.73 Small Industries Dev Bank of India AAA 1.62 HDFC Bank AAA 1.47 NHPC AAA 1.36 Top 10 Equity Alkem Laboratories Limited Pharmaceuticals 1.23 State Bank of India Banks 1.17 HDFC Bank Limited Banks 1.10 ICICI Bank Limited Banks 1.06 Maruti Suzuki India Limited Auto 1.05 Reliance Industries Limited Petroleum Products 0.98 SRF Limited Textile Products 0.97 ^ Feb 25, 2010 (Since Inception) % 8.81% 7.46% 18,731 17,825 16,364 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Direct Plan Growth Option (V as on Kotak Mahindra Bank Limited Banks 0.95 Oil & Natural Gas Corporation Limited Oil 0.92 Coromandel International Limited Fertilisers 0.92 Other Equity Net Current Asset Grand Total V ( `) Regular Plan - Dividend Regular Plan - Growth Regular Plan - Dividend Quarterly Direct Plan - Growth Direct Plan - Dividend Direct Plan - Dividend Quarterly ASSET QUALITY: AAA Equivalent 96.39% AA 3.61% December 30, 2016 ` Unit) V ^ Plan Freq V Jan 01, 2013 (Since Inception) % 9.72% 8.67% 15,025 14,490 13,944 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% ^ Past formance may or may not be sustained in future. Crisil MIP Blended Index, Crisil 10 Year GOI. Performance of the funds managed by the fund manager are given on page No

19 IDFC Asset Allocation Fund of Fund Nature: Fund of Funds Avg AUM: Conservative Plan (IDFC - AAF - CP) Inception Date: 11 February 2010 Fund Manager: Moderate Plan (IDFCAAF- MP) $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) The Asset Allocation Principle: The IDFC Asset Allocation Fund of Fund is based on two fundamental investing principles: 1. Not all asset classes form at all time and it is very difficult to predict the market In the last 2 decades, no asset class has consistently outformed; every asset class has had their phase of best formance. Since we don't know which asset class will do well iodically, we deal with this unpredictability by making sure that investors in the IDFC Asset Allocation Fund of Fund are given exposure to multiple asset classes viz. Equity, Debt and Gold. 2. Buy low and sell high for investment success Aggressive Plan (IDFCAAF- AP) `24.07 Crores `38.93 Crores `20.86 Crores The secret to investment success is buying when the asset markets are low. We move more money into an asset class when it gets chea by moving out of the asset class that is expensive, through iodic 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 a pre-conceptualized matrix on a regular basis into three plans- Conservative, Moderate and Aggressive. Within each asset class the objective of the fund is to optimize the return by actively allocating assets to funds which best reflects the underlying macroeconomic theme. An Open Ended Fund of Funds Portfolio : Name CBLO Clearing Corporation of India Gold Gold Goldman Sachs ETF (Gold Bees) Debt IDFC Cash Fund IDFC Money Manager Treasury Plan IDFC Dynamic Bond Fund IDFC Su Saver Inc. Med Term Plan IDFC Su Saver Inc-Invt. Plan Equity IDFC Sterling Equity Fund IDFC Premier Equity Fund IDFC Imial Equity Fund Net Current Asset Grand Total V ( `) Conservative Plan (% of V) Moderate Plan 3.94 Aggressive Plan Plan Conservative Plan Moderate Plan Aggressive Plan Regular Plan - Growth Regular Plan - Dividend Direct Plan - Growth Direct Plan - Dividend Standard Allocation Standard Matrix Equity (Including Offshore Equity) Fund Debt Fund(Including Liquid funds) (Including Gold/ Commodity Equity Funds) Money Market Securities (w.e.f. 07 Dec, 2011) Conservative Plan Moderate Plan % to net assets Aggressive Plan 10-15% 25-30% 45-50% 0-90% 0-70% 0-45% 0% 5-10% 10-15% 0-15% 0-15% 0-15% Other Parameter: $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28, 2017 Conservative Plan Moderate Plan Aggressive Plan Modified Duration(for Debt scheme): 1.22 years 1.52 years 1.88 years Average Maturity(for Debt scheme): 1.51 years 1.87 years 2.35 years Yield to Maturity: 6.57% 6.78% 6.77% The expenses of the scheme will be over and above the expenses charged by the underlying schemes Conservative Plan Moderate Plan Aggressive Plan Crisil MIP Blended Index Crisil MIP Blended Index Crisil Balanced Fund Aggressive Index Contd.. 19

20 IDFC Asset Allocation Fund of Fund Conservative Plan Regular Plan Growth Option ( V as on ^ Past formance may or may not be sustained in future. CRISIL MIP Blended Index, Crisil 10 Year GOI Moderate Plan Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) ^ Past formance may or may not be sustained in future. CRISIL MIP Blended Index, Crisil 10 Year GOI Aggressive Plan Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Feb 11, 2010 (Since Inception) % 8.80% 7.50% 18,063 17,877 16,454 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% December 30, 2016 ` Unit) ^ Past formance may or may not be sustained in future. CRISIL Balanced Fund Aggressive Index, Crisil 10 Year GOI Performance of the funds managed by the fund manager are given on page No , V IDFC AAF - Conservative Plan This product is suitable for investors who are seeking*: Capital appreciation and provide regular income over a long iod of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. ^ Feb 11, 2010 (Since Inception) % 8.80% 7.50% 18,932 17,877 16,454 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% V V ^ ^ Feb 11, 2010 (Since Inception) % 8.56% 7.50% 18,893 17,605 16,454 Dec 31, 2015 To Dec 30, % 6.66% 14.97% Dec 31, 2014 To Dec 31, % 0.48% 7.39% Dec 31, 2013 To Dec 31, % 25.34% 14.14% IDFC AAF - Aggressive Plan Direct Plan Growth Option (V as on Direct Plan Growth Option (V as on Direct Plan Growth Option (V as on This product is suitable for investors who are seeking*: Capital appreciation and provide regular income over a long iod of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. December 30, 2016 ` Unit) V December 30, 2016 ` Unit) V December 30, 2016 ` Unit) IDFC AAF - Moderate Plan ^ Apr 02, 2013 (Since Inception) % 10.08% 8.70% 14,540 14,330 13,669 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% ^ Feb 26, 2013 (Since Inception) % 9.94% 8.37% 14,781 14,393 13,622 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% V ^ Jan 01, 2013 (Since Inception) % 9.10% 8.67% 14,441 14,164 13,944 Dec 31, 2015 To Dec 30, % 6.66% 14.97% Dec 31, 2014 To Dec 31, % 0.48% 7.39% Dec 31, 2013 To Dec 31, % 25.34% 14.14% This product is suitable for investors who are seeking*: Capital appreciation and provide regular income over a long iod of time. Investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. Investors understand that their principal will be at Moderate risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 20

21 IDFC All Seasons Bond Fund Nature: Fund of Funds Avg AUM: ` Crores Inception Date: 13 September 2004 Fund Manager: Mr. Harshal Joshi (w.e.f 15th July 2016) About the fund: All Seasons Bond Fund is a Fund of Fund (FOF) structure which can invest in one or more funds within our basket of short term offerings. The portfolio gives the fund manager the flexibility to play between debt and money market, benefiting from the accrual available in its space and optimizing the portfolio yields. Other Parameter: Modified duration: Average Maturity: 0.63 years 0.69 years Yield to Maturity: 6.82% : Crisil Short Term Bond Fund Index (w.e.f. 30th November 2015) The expenses of the scheme will be over and above the expenses charged by the underlying schemes. ASSET QUALITY: AAA Equivalent 89.03% AA+ 8.27% AA 2.70% (IDFC ASBF) An Open Ended Fund of Funds Portfolio : Top Holdings % of V Mutual Fund Units IDFC Money Manager Fund - Investment Plan IDFC Ultra Short Term Fund IDFC Cash Fund Net Current Asset 0.10 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Half Yearly Regular Plan Dividend Annual Regular Plan Dividend Fortnightly Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Quarterly Direct Plan Dividend Fortnightly Direct Plan Dividend ic IDFC All Seasons Bond Fund This product is suitable for investors who are seeking*: To generate short term optimal returns with high liquidity. Investment predominantly in debt oriented mutual fund schemes and money market instruments Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Sep 13, 2004 (Since Inception) % 7.64% 0.57% 24,904 24,736 10,727 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Direct Plan Growth Option (V as on Investors understand that their principal will be at Moderately Low Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. December 30, 2016 ` Unit) V ^ Feb 22, 2013 (Since Inception) % 9.38% 7.43% 14,160 14,129 13,180 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Short-Term Bond Fund Index Crisil 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No

22 IDFC Cash Fund Nature: Liquid Fund Avg AUM: ` 12, Crores Inception Date: 2 July 2001 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) About the fund: The Fund aims to invest in high quality debt and money market instruments with high liquidity and seeks to generate accrual income with low volatility. Other Parameter: Modified Duration: 27 days Average Maturity: 27 days Yield to Maturity: 6.28% : Crisil Liquid Fund Index ASSET QUALITY: AAA Equivalent 99.41% AA+ 0.59% IDFC Cash Fund Investors understand that their principal will be at Low Risk This product is suitable for investors who are seeking*: A1+ mfs by ICRA IND A1+ mfs by FITCH To generate short term optimal returns with high liquidity. Investments in high quality money market and debt instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Under The IDFC-CF-Direct Plan Growth 7.59% 7.31% 7.11% 7.23% 6.46% 6.56% 6.57% 6.69% 5.38% (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC-CF Direct Growth Crisil Liquid Fund Index Crisil 1 Year T-Bill Index Past formance may or may not be sustained in future. Performance of the funds managed by the fund manager are given on page No. 53 (IDFC - CF) An Open Ended Liquid Fund Portfolio : Name Rating % of V CBLO Clearing Corporation of India Commercial Pa Small Industries Dev Bank of India A National Housing Bank A Power Finance Corporation A Tata Capital Financial Services A Indiabulls Housing Finance A JM Financial Services A Vedanta A Tata Capital Housing Finance A Axis Finance A IIFL Wealth Finance A TATA Realty & Infrastructure A Mahindra Vehicle Mfg A Tata Housing Development Co A India Infoline Finance A Bharti Airtel A M&M Financial Services A Tube Investments of India A Piramal Finance Private A JM Financial Credit Solution A Kotak Securities A HDB Financial Services A Godrej Industries A ICICI Securities A Sundaram Finance A Godrej Consumer Products A Cholamandalam Invt and Fin Co A Treasury Bills Days Tbill (MD 16/03/2017) SOV Days CMB bill (MD 06/03/2017) SOV Days CMB (MD 03/03/2017) SOV Days CMB (MD 14/03/2017) SOV Days Tbill (MD 09/03/2017) SOV Days Tbill (MD 02/03/2017) SOV 0.15 Certificate of Deposit IndusInd Bank A Axis Bank A Andhra Bank A Name Rating % of V Kotak Mahindra Bank A ICICI Bank A Export Import Bank of India A Canara Bank A Small Industries Dev Bank of India A Punjab & Sind Bank A Yes Bank A Corporation Bank A Corporate Bond 1.74 LIC Housing Finance AAA 0.78 Tata Capital Financial Services AA Kotak Mahindra Prime AAA 0.30 HDFC AAA 0.07 Net Current Asset 5.71 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend ic Regular Plan Dividend Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend Direct Plan Dividend Weekly Direct Plan Dividend ic Fund Performance Under The IDFC-CF-Regular Plan Growth 7.59% 7.31% 7.11% 7.23% 6.38% 6.48% 6.49% 6.69% 5.38% (Annualised) 7 Days (Annualised) 15 Days (Annualised) 1 Month IDFC-CF Regular Growth Crisil Liquid Fund Index Crisil 1 Year T-Bill Index Past formance may or may not be sustained in future. 22

23 IDFC Ultra Short Term Fund Nature: Income Fund Avg AUM: ` 5, Crores Inception Date: 17 January 2006 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) About the fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income. Other Parameter: Modified duration: 229 days Average Maturity: 259 days Yield to Maturity: 6.97% : Crisil Liquid Fund Index ASSET QUALITY: AAA Equivalent 71.92% AA % AA 7.35% IDFC Ultra Short Term Fund Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V A1+ mfs by ICRA (IDFC USTF) An Open Ended Income Fund Portfolio : December 30, 2016 ` Unit) Name Rating % of V Name Rating % of V CBLO Clearing Corporation of India Corporate Bond Cholamandalam Invt and Fin Co AA 5.53 L&T Infrastructure Finance Co AA HDFC AAA 4.31 Tata Capital Financial Services AA Shriram Transport Finance Company AA Family Credit AA Tata Capital AA Tata Motors AA Power Finance Corporation AAA 1.97 Piramal Enterprises AA 1.83 Small Industries Dev Bank of India AAA 1.75 BARD AAA 1.31 HDB Financial Services AAA 1.09 M&M Financial Services AAA 1.08 Export Import Bank of India AAA 0.83 Sundaram BNP Paribas Home Finance AA Gruh Finance AAA 0.68 LIC Housing Finance AAA 0.65 Bajaj Finance AA Tata Capital Housing Finance AA Rural Electrification Corporation AAA 0.54 Commercial Pa Steel Authority of India A Tata Power Company A Piramal Finance Private A Shapoorji Pallonji and Company Private A Vedanta A Tata Housing Development Co A Family Credit A Godrej Agrovet A JM Financial Products A Afcons Infrastructure A Certificate of Deposit ^ Jan 17, 2006 (Since Inception) % 7.50% 6.29% 22,590 22,095 19,522 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Direct Plan Growth Option (V as on Yes Bank A IndusInd Bank A Vijaya Bank A Corporation Bank A Export Import Bank of India A Bank of Maharashtra A Canara Bank A Axis Bank A State Government Bond % Rajasthan SPL SDL (MD 15/03/2018) SOV 7.31 Treasury Bills Days CMB (MD 03/03/2017) SOV Days Tbill (MD 16/03/2017) SOV 0.54 Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.05 Net Current Asset 2.75 Grand Total Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Liquid Fund Index Crisil 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Daily Regular Plan Dividend ic Regular Plan Dividend Weekly Regular Plan Dividend Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Daily Direct Plan Dividend ic Direct Plan Dividend Weekly Direct Plan Dividend Direct Plan Dividend Quarterly December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 8.49% 7.47% 14,224 13,850 13,336 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56%

24 IDFC Money Manager Fund Treasury Plan Nature: Debt Avg AUM: ` 1, Crores Inception Date: 18 February 2003 Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015) About the fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income. Other Parameter: Modified Duration: 262 days Average Maturity : 297 days Yield to Maturity: 7.00% : Crisil Liquid Fund Index (w.e.f 23rd July, 2015) ASSET QUALITY: AAA Equivalent 77.19% AA % AA 9.55% IDFC Money Manager Fund - Treasury Plan Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: To generate short term stable returns with a low risk strategy. Investments in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V (IDFC - MMF - TP) An Open Ended Income Fund Portfolio : December 30, 2016 ` Unit) AAA mfs by ICRA Name Rating % of V Name Rating % of V CBLO 0.80 Clearing Corporation of India 0.80 Corporate Bond Power Finance Corporation AAA 8.24 JM Financial Products AA 6.80 HDFC AAA 5.53 Family Credit AA Tata Capital Financial Services AA HDB Financial Services AAA 3.45 Tata Motors AA Cholamandalam Invt and Fin Co AA 2.76 L&T Infrastructure Finance Co AA National Housing Bank AAA 1.70 LIC Housing Finance AAA 1.38 Mahindra Vehicle Mfg AAA 1.16 Aditya Birla Finance AA Power Grid Corporation of India AAA 0.35 Tata Capital Housing Finance AA Certificate of Deposit Punjab & Sind Bank A Corporation Bank A Yes Bank A Axis Bank A Andhra Bank A Export Import Bank of India A IndusInd Bank A Vijaya Bank A Commercial Pa Tata Power Company A Godrej Agrovet A Shapoorji Pallonji and Company Private A ^ Feb 18, 2003 (Since Inception) % 6.84% 5.95% 25,094 25,057 22,298 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Direct Plan Growth Option (V as on JM Financial Credit Solution A State Government Bond % Rajasthan SPL SDL (MD 15/03/2018) SOV % Rajasthan UDAY Bond SDL (MD 15/03/2019) SOV 1.74 Government Bond % G-Sec SOV % G-Sec SOV 0.71 Treasury Bills Days Tbill (MD 16/03/2017) SOV 1.02 Zero Coupon Bonds 0.06 Aditya Birla Finance AA Net Current Asset 2.13 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend ic December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 8.49% 7.47% 14,146 13,850 13,336 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Crisil Liquid Fund Index, Crisil 1 Year T-Bill. ^Past formance may or may not be sustained in future. Performance of the funds managed by the fund manager are given on page No

25 IDFC Banking Debt Fund Nature: Debt Avg AUM: ` 1, Crores Inception Date: 7 March 2013 Fund Manager: Mr. Harshal Joshi (Since 1st August 2014) About the fund: A dedicated Bank CD fund which seeks to benefit from the seasonality of money market rates. Other Parameter: Modified duration: Average Maturity: 114 days 114 days Yield to Maturity: 6.32% : Crisil Liquid Fund Index (w.e.f. 30th November 2015) ASSET QUALITY: A1+ Equivalent % IDFC Banking Debt Fund This product is suitable for investors who are seeking*: To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities issued by scheduled Commercial banks. (IDFC BDF) An Open Ended Income Fund Portfolio : Name Rating % of V CBLO 3.85 Clearing Corporation of India 3.85 Certificate of Deposit Bank of Maharashtra A Vijaya Bank A Yes Bank A BARD A IndusInd Bank A Corporation Bank A Dena Bank A Andhra Bank A Canara Bank A HDFC Bank A ICICI Bank A Punjab & Sind Bank A Axis Bank A Net Current Asset V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Fortnightly Regular Plan Dividend Daily Regular Plan Dividend Regular Plan Dividend Quarterly Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Fortnightly Direct Plan Dividend Daily Direct Plan Dividend Direct Plan Dividend Quarterly Investors understand that their principal will be at Moderately Low Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) V Grand Total ^ Mar 07, 2013 (Since Inception) % 8.51% 7.43% 13,725 13,658 13,148 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Mar 07, 2013 (Since Inception) % 8.51% 7.43% 13,782 13,658 13,148 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. CRISIL Liquid Fund Index, Crisil 1 Year T-Bill. ^ Past formance may or may not be sustained in future. Performance of the funds managed by the fund manager are given on page No

26 IDFC Money Manager Fund Investment Plan Nature: Debt Avg AUM: ` 1, Crores Inception Date: 9 August 2004 Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) About the fund: The Fund will invest in high quality money market and debt instruments and is positioned to have around 3 year roll down maturity strategy (the average maturity of the fund will keep coming down) from February-March 2015 onwards to help manage the reinvestment risk of the portfolio. Other Parameter: Modified Duration: Average Maturity : 0.94 years 1.02 years Yield to Maturity: 6.99% : Crisil AAA Short Term Index (w.e.f. 26th September 2016) ASSET QUALITY: AAA Equivalent 98.71% AA+ 1.29% AAA mfs by ICRA (IDFC - MMF - IP) An Open Ended Income Fund Portfolio : Name Rating % of V CBLO 1.66 Clearing Corporation of India 1.66 Corporate Bond BARD AAA Power Finance Corporation AAA 8.18 Kotak Mahindra Prime AAA 7.68 Export Import Bank of India AAA 6.44 Sun Pharma Laboratories AAA 6.39 Kotak Mahindra Investments AAA 5.10 Small Industries Dev Bank of India AAA 4.39 HDFC AAA 4.37 LIC Housing Finance AAA 3.84 Gruh Finance AAA 3.56 National Housing Bank AAA 3.08 Bajaj Finance AA Indian Railway Finance Corp AAA 1.05 Power Grid Corporation of India AAA 1.04 Rural Electrification Corporation AAA 0.77 HDB Financial Services AAA 0.04 Certificate of Deposit IndusInd Bank A Yes Bank A Axis Bank A Zero Coupon Bonds 3.03 HDB Financial Services AAA 3.03 Commercial Pa 1.20 Kotak Mahindra Prime A Net Current Asset 6.00 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Daily Regular Plan Dividend Weekly Regular Plan Dividend Quarterly Regular Plan Dividend ic Regular Plan Dividend Annual Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Daily Direct Plan Dividend Weekly Direct Plan Dividend ic Direct Plan Dividend Quarterly IDFC Money Manager Fund - Investment Plan Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: To generate short term stable returns with a low risk strategy. Investments in good quality fixed income & Money Market securities *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Aug 09, 2004 (Since Inception) % 8.36% 6.06% 25,077 27,053 20,746 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 9.15% 7.47% 14,126 14,190 13,336 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. Crisil AAA Short Term Bond Index, Crisil 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No

27 IDFC Corporate Bond Fund Nature: Open Ended Income Fund Avg AUM: ` 6, Crores Inception Date: 12 January 2016 Fund Manager: Mr. Anurag Mittal About the fund: The fund focuses on delivering returns through investment in the corporate bond segment. The fund will not have weighted average portfolio maturity of more than 5 years and shall not invest in G Secs. Other Parameter: Modified Duration: 2.65 years Average Maturity: 3.24 years Yield to Maturity: 7.36% : CRISIL Short Term Bond Fund Index ASSET QUALITY: AAA Equivalent % Investors understand that their principal will be at Moderate risk IDFC Corporate Bond Fund This product is suitable for investors who are seeking*: To generate long term optimal returns by active management. AAA mfs by ICRA Investment in corporate bonds & money market instruments. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. (IDFC - CBF) An Open Ended Income Fund Portfolio : Name Rating % of V CBLO 2.92 Clearing Corporation of India 2.92 Corporate Bond Rural Electrification Corporation AAA LIC Housing Finance AAA 8.18 Power Finance Corporation AAA 8.03 HDB Financial Services AAA 7.49 HDFC AAA 7.44 Indian Railway Finance Corp AAA 6.85 Power Grid Corporation of India AAA 6.51 BARD AAA 6.12 Export Import Bank of India AAA 4.60 L&T AAA 4.49 M&M Financial Services AAA 4.33 National Highways Auth Of Ind AAA 3.58 UltraTech Cement AAA 3.24 Bajaj Finance AAA 3.21 NTPC AAA 3.07 Mahindra Vehicle Mfg AAA 1.48 Reliance Jio Infocomm AAA 1.47 Reliance Industries AAA 1.35 NHPC AAA 1.31 Small Industries Dev Bank of India AAA 0.01 Zero Coupon Bonds 0.84 M&M Financial Services AAA 0.45 Kotak Mahindra Prime AAA 0.39 Net Current Asset 3.24 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Regular Plan Dividend Half Yearly Regular Plan Dividend Quarterly Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual

28 IDFC Su Saver Income Fund Short Term Nature: Debt Avg AUM: ` 6, Crores Inception Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary (Since 11th March 2011) About the fund: A Short Term Income Fund, the portfolio is mostly a mix of short duration debt and money market instruments. The average portfolio maturity will not ordinarily exceed around 2 years. Other Parameter: Modified Duration: Average Maturity: 1.42 years 1.67 years Yield to Maturity: 7.06% : Crisil AAA Short Term Index (w.e.f. 26th September 2016) ASSET QUALITY: AAA Equivalent 93.16% AA+ 6.84% AAA mfs by ICRA (IDFC - SSIF - ST) An Open Ended Income Fund Portfolio : Name Rating % of V CBLO 5.05 Clearing Corporation of India 5.05 Corporate Bond HDFC AAA Power Finance Corporation AAA LIC Housing Finance AAA 9.33 Power Grid Corporation of India AAA 8.36 BARD AAA 7.90 Kotak Mahindra Prime AAA 6.62 Bajaj Finance AA Export Import Bank of India AAA 4.10 Rural Electrification Corporation AAA 3.10 HDB Financial Services AAA 2.22 UltraTech Cement AAA 2.17 Reliance Jio Infocomm AAA 1.60 National Housing Bank AAA 1.57 Small Industries Dev Bank of India AAA 1.52 Bajaj Finance AAA 1.20 NLC India AAA 1.13 Indian Railway Finance Corp AAA 0.81 NTPC AAA 0.80 M&M Financial Services AA M&M Financial Services AAA 0.31 Tata Capital Financial Services AA HDFC Bank AAA 0.02 Certificate of Deposit 7.98 Canara Bank A Corporation Bank A IndusInd Bank A Axis Bank A Andhra Bank A Bank of Maharashtra A HDFC Bank A Treasury Bills Days CMB (MD 03/03/2017) SOV Days Tbill (MD 16/03/2017) SOV 0.39 Commercial Pa 0.69 Family Credit A Net Current Asset 3.20 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Fortnightly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Fortnightly Direct Plan Dividend ic IDFC Su Saver Income Fund-Short Term Investors understand that their principal will be at Moderately Low Risk This product is suitable for investors who are seeking*: To generate optimal returns over short to medium term. Investments in good quality fixed income & Money Market securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Dec 14, 2000 (Since Inception) % 6.33% 32,841 26,801 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 9.15% 7.47% 14,308 14,190 13,336 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. Crisil AAA Short Term Bond Index, Crisil 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No

29 IDFC Su Saver Income Fund Medium Term Nature: Debt Avg AUM: ` 5, Crores Inception Date: 8 July 2003 Fund Manager: Mr. Suyash Choudhary (w.e.f. 15th September 2015) About the fund: The fund is positioned in the short term fund category and invests in a mix of debt and money market instruments. The overall average maturity of the fund will ordinarily not exceed around 4 years. MT is best suited for investors who want moderate participation. The around 4 year average maturity cap makes the fund well suited to offer lower volatility yet benefit from potential fall in interest rates. Other Parameter: Modified Duration: 1.51 years Average Maturity : 1.76 years Yield to Maturity: 6.99% : Crisil Short Term Bond Fund Index IDFC Su Saver Income Fund - Medium Term Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: To generate optimal returns over short to medium term. Investments in high quality money market & debt instruments including G- Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V (IDFC - SSIF-MT) An Open Ended Income Fund Portfolio : December 30, 2016 ` Unit) AAA mfs by ICRA Name Rating % of V Name Rating % of V CBLO 4.91 Clearing Corporation of India 4.91 Corporate Bond LIC Housing Finance AAA HDFC AAA Power Finance Corporation AAA 9.96 Kotak Mahindra Prime AAA 9.05 National Highways Auth Of Ind AAA 4.48 Rural Electrification Corporation AAA 3.18 Small Industries Dev Bank of India AAA 2.07 Power Grid Corporation of India AAA 1.87 Bajaj Finance AAA 1.12 Bajaj Finance AA Export Import Bank of India AAA 0.68 ICICI Bank AAA 0.51 Sundaram Finance AA Indian Railway Finance Corp AAA 0.32 HDFC Bank AAA 0.21 IDFC Bank AAA 0.20 BARD AAA 0.11 Tata Capital Financial Services AA HDB Financial Services AAA 0.03 Treasury Bills Days CMB (MD 03/03/2017) SOV Days Tbill (MD 16/03/2017) SOV Days CMB bill (MD 06/03/2017) SOV 2.01 Government Bond % G-Sec SOV % G-Sec SOV 0.05 State Government Bond % Rajasthan UDAY Bond SDL ^ Jul 08, 2003 (Since Inception) % 7.29% 5.94% 27,269 25,853 21,778 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Direct Plan Growth Option (V as on (MD 15/03/2019) SOV 4.94 Commercial Pa 2.47 Kotak Mahindra Prime A Family Credit A Certificate of Deposit 1.86 Corporation Bank A Andhra Bank A Punjab & Sind Bank A Kotak Mahindra Bank A Zero Coupon Bonds 0.60 Bajaj Finance AAA 0.60 Net Current Asset 1.74 Grand Total V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Bi Regular Plan Dividend Fortnightly Regular Plan Dividend Regular Plan Dividend Daily Regular Plan Dividend Quarterly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Bi Direct Plan Dividend Fortnightly Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Daily Direct Plan Dividend ic ASSET QUALITY: AAA Equivalent 98.43% AA+ 1.57% December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 9.30% 7.47% 14,254 14,267 13,336 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Short-Term Bond Fund Index, Crisil 1 Year T-Bill Performance of the funds managed by the fund manager are given on page No

30 IDFC Su Saver Income Fund Investment Plan Nature: Debt Avg AUM: ` 1, Crores Inception Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary (Since 15th October 2010) About the fund: An actively managed bond fund which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation. Other Parameter: Modified Duration: 2.24 years Average Maturity: 2.83 years Yield to Maturity: 6.71% : CRISIL Composite Bond Fund Index Since the portfolio has large allocations to G-Sec, the yield may be considered as semi-annualized for the G-sec portion ASSET QUALITY: AAA Equivalent % AAA mfs by CRISIL (IDFC - SSIF - IP) An Open Ended Income Fund Portfolio : Name Rating % of V CBLO Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.11 Corporate Bond National Highways Auth Of Ind AAA 9.95 LIC Housing Finance AAA 7.17 Kotak Mahindra Prime AAA 3.94 Net Current Asset 2.01 Grand Total V ( `) Plan Option Freq V Regular Plan Dividend Quarterly Regular Plan Growth Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend ic IDFC Su Saver Income Fund - Investment Plan Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G-Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Jul 14, 2000 (Since Inception) % 39,700 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Direct Plan Growth Option (V as on December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 9.79% 8.67% 14,830 14,526 13,944 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. CRISIL Composite Bond Fund Index, Crisil 10 Year GOI Performance of the funds managed by the fund manager are given on page No

31 IDFC Dynamic Bond Fund Nature: Debt Avg AUM: ` 4, Crores Inception Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary (Since 15th October 2010) About the fund: The fund is positioned in the income fund category to take exposure across the curve depending upon the fund manager s underlying interest rate view where we employ the majority of the portfolio. It is a wide structure and conceptually can go anywhere on the curve. The fund plays the trade of the season which we think will sustain for a longer iod of time. Other Parameter: Modified Duration: 2.12 years Average Maturity : 2.65 years Yield to Maturity: 6.70% : CRISIL Composite Bond Fund Index Since the portfolio has large allocations to G-Sec, the yield may be considered as semi-annualized for the G-sec portion. ASSET QUALITY: AAA Equivalent % Fund Performance Regular Plan Growth Option ( V as on V AAA mfs by CRISIL (IDFC - DBF) An Open Ended Income Fund Portfolio : December 30, 2016 ` Unit) Name Rating % of V CBLO Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.06 Corporate Bond National Highways Auth Of Ind AAA 9.17 LIC Housing Finance AAA 7.12 Kotak Mahindra Prime AAA 4.15 HDB Financial Services AAA 0.54 State Government Bond % Madhya Pradesh SDL (MD 13/11/2025) SOV % Uttar Pradesh SDL (MD 29/06/2026) SOV % Rajasthan SDL (MD 15/06/2026) SOV % Tamil Nadu SDL (MD 26/08/2025) SOV % Haryana SDL (MD 29/06/2026) SOV 0.02 Net Current Asset 2.98 Grand Total ^ Dec 03, 2008 (Since Inception) % 8.58% 6.42% 19,768 19,449 16,529 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Direct Plan Growth Option (V as on V ( `) Plan Option Freq V Regular Plan Growth Regular Plan Dividend Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend Half Yearly Direct Plan Dividend ic IDFC Dynamic Bond Fund Investors understand that their principal will be at Moderate Risk This product is suitable for investors who are seeking*: December 30, 2016 ` Unit) To generate long term optimal returns by active management. Investments in high quality money market & debt instruments including G- Sec securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. V ^ Jan 01, 2013 (Since Inception) % 9.79% 8.67% 15,011 14,526 13,944 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. CRISIL Composite Bond Fund Index, Crisil 10 Year GOI Performance of the funds managed by the fund manager are given on page No

32 IDFC Government Securities Fund Investment Plan Nature: Debt Avg AUM: ` Crores Inception Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since 15th October 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: Modified duration: 2.92 years Average Maturity: 3.86 years Yield to Maturity: 6.61% : I-Sec Composite Index Since the portfolio has large allocations to G-Sec, the yield may be considered as semi-annualized for the G-sec portion. ASSET QUALITY: Sovereign % (IDFC GSF-IP) An Open Ended Dedicated Gilt Fund Portfolio : Name Rating % of V CBLO Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.61 Net Current Asset 3.88 Grand Total V ( `) Plan Option Freq V Regular Plan Dividend Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend Half Yearly Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend ic IDFC Government Securities Fund - Investment Plan This product is suitable for investors who are seeking*: To generate long term optimal returns. Investments in Government Securities and Treasury Bills. Investors understand that their principal will be at Moderate Risk Fund Performance Regular Plan Growth Option ( V as on December 30, 2016 ` Unit) Direct Plan Growth Option (V as on *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. December 30, 2016 ` Unit) V Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. I-Sec Composite Index, Crisil 10 Year GOI Performance of the funds managed by the fund manager are given on page No ^ Dec 03, 2008 (Since Inception) % % 6.42% 19, ,529 Dec 31, 2015 To Dec 30, % % 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% V ^ Jan 01, 2013 (Since Inception) % % 8.67% 15, ,944 Dec 31, 2015 To Dec 30, % % 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% 32

33 IDFC Government Securities Fund Provident Fund Plan Nature: Debt Avg AUM: ` Crores Inception Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary (Since 15th October 2010) About the fund: A dedicated gilt fund with an objective to generate optimal returns with high liquidity by investing in Government Securities. Other Parameter: Modified duration: 3.00 years Average Maturity: 3.97 years Yield to Maturity: 6.63% : I-SEC Composite Index Since the portfolio has large allocations to G-Sec, the yield may be considered as semi-annualized for the G-sec portion. ASSET QUALITY: Sovereign % (IDFC GSF-PF) An Open Ended Dedicated Gilt Fund Portfolio : Name Rating % of V CBLO Clearing Corporation of India Government Bond % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV % G-Sec SOV 0.77 Net Current Asset 3.84 Grand Total V ( `) IDFC Government Securities Fund - PF This product is suitable for investors who are seeking*: Plan Option Freq V Regular Plan Growth Regular Plan Dividend Quarterly Regular Plan Dividend Annual Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend Quarterly Direct Plan Dividend Annual Direct Plan Dividend ic To generate optimal returns over short to medium term. Investments in Government Securities and Treasury Bills. Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Mar 29, 2004 (Since Inception) % % 5.85% 28, ,670 Dec 31, 2015 To Dec 30, % % 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Direct Plan Growth Option (V as on Investors understand that their principal will be at Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % % 8.67% 15, ,944 Dec 31, 2015 To Dec 30, % % 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future. I-Sec Composite Index, Crisil 10 Year GOI Performance of the funds managed by the fund manager are given on page No

34 IDFC Government Securities Fund Short Term Plan Nature: Debt Avg AUM: ` Crores Inception Date: 9 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since 15th October 2010) About the fund: The fund is a mix of government bonds, state development loans (SDLs), treasury bills and/or cash management bills. The fund will predominantly invest at the shorter end of the sovereign yield curve. Other Parameter: Modified duration: 2.22 years Average Maturity: 2.60 years Yield to Maturity: 6.51% : I - Sec Si Bex (w.e.f. 30th November 2015) Since the portfolio has large allocations to G-Sec, the yield may be considered as semi-annualized for the G-sec portion. (IDFC GSF-ST) An Open Ended Dedicated Gilt Fund Portfolio : V ( `) Name Rating % of V Plan Option Freq V Regular Plan Growth CBLO Regular Plan Dividend Clearing Corporation of India Regular Plan Dividend Quarterly Government Bond Regular Plan Dividend Weekly % G-Sec SOV % G-Sec SOV Net Current Asset 1.76 Grand Total Regular Plan Dividend ic Direct Plan Growth Direct Plan Dividend ic Direct Plan Dividend Quarterly Direct Plan Dividend Weekly Direct Plan Dividend ASSET QUALITY: Sovereign % IDFC Government Securities Fund - Short Term This product is suitable for investors who are seeking*: To generate short to medium term optimal returns. Investments in Government Securities and Treasury Bills. Fund Performance Regular Plan Growth Option ( V as on V December 30, 2016 ` Unit) ^ Mar 09, 2002 (Since Inception) % 5.97% 23,454 23,618 Dec 31, 2015 To Dec 30, % 9.12% 7.27% Dec 31, 2014 To Dec 31, % 9.02% 8.22% Dec 31, 2013 To Dec 31, % 9.37% 8.56% Greater than 1 year returns are Compounded Annualised Returns. I-Sec Si-BEX, Crisil 1 Year T-Bill. ^ Past formance may or may not be sustained in future. Direct Plan Growth Option (V as on Investors understand that their principal will be at Moderate Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. December 30, 2016 ` Unit) V ^ Jan 01, 2013 (Since Inception) % 8.68% 7.47% 14,977 13,945 13,336 Dec 31, 2015 To Dec 30, % 9.12% 7.27% Dec 31, 2014 To Dec 31, % 9.02% 8.22% Dec 31, 2013 To Dec 31, % 9.37% 8.56% Performance of the funds managed by the fund manager are given on page No

35 Fund Snapshot IDFC DynamicEquity Fund (IDFC-DEF) IDFC Classic Equity Fund (IDFC - CEF) IDFC Equity Fund (IDFC - EF) IDFC Imial Equity Fund (IDFC - IEF) IDFC Infrastructure Fund (IDFC - IF) IDFC Nifty Fund (IDFC-NF) IDFC Premier Equity Fund (IDFC - PEF) IDFC Sterling Equity Fund (IDFC - SEF) Nature of the Inception Date Investment Objective Month end AUM Fund Manager An Open - Ended Equity Fund 10 October 2014 The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital appreciation through investment in Debt & Money Market instruments. There is no assurance or guarantee that the objectives of the scheme will be realised. ` Crs E q u i t y Portion: M s. $ Meenakshi Dawar (w.e.f. 7th September 2015) Debt Portion: Mr. Arvind Subramanian (w.e.f. 9th November 2015) An Open - Ended Equity Fund 9 August 2005 T h e i n v e s t m e n t o b j e c t i v e o f t h e is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However, there is no assurance or guarantee that the o b j e c t i ve s o f t h e scheme will be realized. ` Crs Mr. Anoop Bhaskar (w.e.f. 30th April 2016) An Open - Ended Equity Fund 9 June 2006 T h e i n v e s t m e n t o b j e c t i ve o f t h e scheme is to seek to g e n e ra t e c a p i t a l g r o w t h f r o m a p o r t f o l i o o f predominantly equity and equity related i n s t r u m e n t s (including Equity Derivatives). The scheme may also invest in debt & money market instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the s c h e m e w i l l b e realized. ` Crs $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) An Open - Ended Equity Fund 16 March 2006 The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. ` Crs Mr. Sumit Agrawal (w.e.f. 20th October 2016) An Open - Ended Equity Fund 8 March 2011 The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of c o m p a n i e s t h a t a r e participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized. ` Crs Mr. Rajendra Kumar Mishra An Open - Ended Index Linked Equity 30 April 2010 The investment objective of the scheme is to replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. ` Crs $ Ms. MeenakshiDawar (w.e.f. 7th September 2015) An Open - Ended Equity Fund 28 September 2005 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 long-term investor wealth by opening subscriptions to units during iods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short-term money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a longterm investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined manageable corpus (approximate amount), which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long-term objectives of the fund. ` 5, Crs Mr. Anoop Bhaskar (w.e.f. 30th April 2016) An Open - Ended Equity Fund 7 March 2008 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 Nifty Free Float Midcap 100 or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of Nifty Free Float Midcap 100. The 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 Nifty Free Float Midcap 100, the AMC reserves the right to modify the definition of Mid cap and Small cap companies. In case of such a modification, the interest of investors will be of paramount importance. There can be no assurance that the investment objective of the scheme will be realized. ` Crs Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more Minimum Investment Amount `5,000/- and any amount thereafter ` 5,0 0 0/ - a n d a ny amount thereafter `5,000/- and any amount thereafter ` 5,0 0 0/ - and any amount thereafter `5,000/- and any amount thereafter `100/- and any amount thereafter `10,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load Exit Load If redeemed/switched out within 18 months from the date of allotment: For 10% of investment : For remaining investment : 1.50% If redeemed/switched out after 18 months from the date of allotment: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 10th May 2016) Options Available Growth, Dividend Growth, Dividend - (Payout, Reinvestment (Payout, Reinvestment and Sweep (from Equity a n d Swe e p ( f ro m s to Debt Equity s to s only)) Debt s only)) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009) Growth, Dividend (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) 1.00% if redeemed before 365 days from the date of a l l o t m e n t. ( w. e. f. 1 s t September 2009) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) 1.00% if redeemed before 365 days from the date of allotment. Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged. (w.e.f. 07th November, 2011) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September, 2009) Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) 1.00% if redeemed on or before 365 days from the date of a l l o t m e n t. ( w. e. f. 7 s t September, 2015) Growth, Dividend (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) Dividend Re-investment At Ex-Dividend V SIP (Minimum Amount) SIP Frequency SIP Dates () ` 1,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `1,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `1,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `1,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `1,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `100/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `2,000/- Any day of the month, except 29th, 30th & 31st day of the month At Ex-Dividend V `1,000/- Any day of the month, except 29th, 30th & 31st day of the month Lock in Face Value ( `/Unit) V Frequency Nifty 50 and CRISIL Balanced Fund Aggressive Index S&P BSE 200 Nifty 50 Nifty 50 Nifty Infrastructure Nifty 50 S&P BSE 500 Nifty Free Float Midcap 100 $ Resigned w.e.f EOD 30th September Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

36 Fund Snapshot 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 Sensex Exchange Traded Fund (IDFC - SETF) IDFC Nifty Exchange Traded Fund (IDFC - NETF) IDFC Asset Allocation Fund of Fund - Conservative Plan (IDFC -AAF - CP) IDFC Asset Allocation Fund of Fund - Moderate Plan (IDFC-AAF-MP) IDFC Asset Allocation Fund of Fund - Aggressive Plan (IDFC-AAF-AP) Nature of the An Open ended Equity Linked Saving with lock in iod of 3 years 10 year closed ended Equity Linked Saving An Open - Ended Equity Fund An Open - Ended Equity Fund Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings (RGESS) Qualified ] Open Ended Exchange Traded Fund [Rajiv Gandhi Equity Savings (RGESS) Qualified ] An Open - Ended Fund of Funds An Open - Ended Fund of Funds An Open - Ended Fund of Funds Inception Date 26 December March December June October October February February February 2010 Investment Objective 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 a s s u r a n c e t h a t t h e investment objective of the scheme will be realised. 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. There can be no assurance that the investment objective of the scheme will be realised. 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. 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 va 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. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the would be achieved. The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the would be achieved. The primary objective of is to generate c a p i t a l a p p re c i ation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no a s s u r a n c e t h a t t h e investment objective of the scheme will be realized. The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no a ssura n ce t h a t t h e investment objective of the scheme will be realized. The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. Month end AUM ` Crs ` crs ` Crs ` Crs ` 0.69 Crs ` 0.80 Crs ` Crs ` Crs ` Crs Fund Manager Mr. Daylynn Pinto (w.e.f. 20th October 2016) Mr. Daylynn Pinto (w.e.f. 20th October 2016) Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Ms. Meenakshi $ D a w a r ( w. e. f. 7 t h September 2015) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15th July 2016) Mr. Yogik Pitti Mr. Yogik Pitti $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) $ Ms. Meenakshi Dawar (w.e.f. 7th September 2015) Ideal Investment Horizon 3 Years or more - 1 Year or more 1 Year or more 3 years or more 3 years or more 2 Years or more 2 Years or more 2 Years or more Minimum Investment Amount `500/- and in multiples of `500/- thereafter. `500/- and in multiples of `500/- thereafter. `100/- and any amount thereafter `5,000/- and any amount thereafter Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the can be purchased and sold in minimum lot of 1 unit and in multiples thereof Directly with Fund - Authorised Participants and Large Investors can directly purchase / redeem in blocks from the fund in Creation unit size on any business day. On the Exchange - The units of the can be purchased and sold in minimum lot of 1 unit and in multiples thereof `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load Exit Load (w.e.f. 4th September, 2009) 0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016) 0.25% if redeemed / switched-out within 1 (one) month from the date of allotment. (w.e.f. 12th August 2016) 1.50% if redeemed before 18 months from the date of allotment. 1.50% if redeemed before 18 months from the date of allotment. 1.50% if redeemed before 18 months from the date of allotment. Options Available Dividend Re-investment Growth, Dividend (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) At Ex-Dividend V Growth & Dividend At Ex-Dividend V Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity s to Debt s only)) - & Annual At Ex-Dividend V Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity s to Debt s only)) - & Annual At Ex-Dividend V Presently the scheme does not offer any Plan/Options for Investment Presently the scheme does not offer any Plan/Options for Investment Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend V Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend V Growth, Dividend - (Payout, Reinvestment and Sweep) At Ex-Dividend V SIP (Minimum Amount) SIP Frequency SIP Dates () `500/- Any day of the month, except 29th, 30th & 31st day of the month `100/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month Lock in Face Value ( `/Unit) V Frequency 3 Years S&P BSE Years S&P BSE 200 Crisil Liquid Fund Index Crisil Liquid Fund Index $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28, 2017 Daily basis S&P BSE Sensex Daily basis Nifty 50 Crisil MIP Blended Index Crisil MIP Blended Index CRISIL Balanced Fund Aggressive Index 36

37 Fund Snapshot Nature of the Inception Date IDFC Income Plan (IDFC-MIP) An Open Ended Debt 25 February 2010 IDFC Cash Fund (IDFC - CF) 2 July 2001 IDFC Money Manager Fund - Treasury Plan (IDFC - MMF - TP) 18 February 2003 IDFC Money Manager Fund - Investment Plan (IDFC - MMF - IP) 9 August 2004 IDFC Corporate Bond Fund (IDFC - CBF) Open - Ended Liquid Fund Open - Ended Income Fund Open - Ended Income Fund An Open Ended Income Fund 12 January 2016 IDFC Su Saver Income Fund - Short Term Plan (IDFC - SSIF - ST) Open - Ended Income Fund 14 December 2000 IDFC Su Saver Income Fund - Medium Term Plan (IDFC - SSIF-MT) Open - Ended Income Fund 8 July 2003 IDFC Su Saver Income Fund - Investment Plan (IDFC - SSIF - IP) Open - Ended Income Fund 14 July 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 l o n g - t e r m c a p i t a l appreciation by investing a portion of the 's assets in equity securities. Income is not assumed and the same is subject to availability of distributable surplus. IDFC - CF is an openended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money m a r k e t a n d d e b t instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate stable returns with a low risk strategy by creating a p o r t f o l i o t h a t i s substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money m a r ke t i n struments. However, there can be no a s s u r a n c e t h a t t h e investment objectives of t h e s c h e m e w i l l b e realized. Seek to generate stable returns with a low risk strategy by creating a p o r t f o l i o t h a t i s substantially invested in good quality floating rate debt or money market instruments, fixed rate debt o r m o n e y m a r k e t instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. However, there is no assurance or guarantee that the objectives of the scheme will be realised. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. Month end AUM ` Crs ` Crs ` 1, Crs ` 1, Crs ` 6, Crs ` Crs ` Crs ` Crs Fund Manager Equity Portion: Mr. Sumit Agrawal (w.e.f. 20th October 2016) & Debt Portion: Mr. Anurag Mittal (w.e.f. 09/11/2015) Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015) Mr. Anurag Mittal (w.e.f. 09th November 2015) Mr. Harshal Joshi(w.e.f. 15th September 2015) Mr. Anurag Mittal Mr. Suyash Choudhary Mr. Suyash Choudhary (w.e.f. 15th September 2015) Mr. Suyash Choudhary Ideal Investment Horizon 1 Year or more 1 Week or more 15 Days or more 12 Months or more 12 Months or more 9 Months or more 3 Years or more 3 Years or more Minimum Investment Amount `5,000/- and any amount thereafter `100/- and any amount thereafter `100/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load Exit Load Options Available Dividend Re-investment 1% of the V 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). G row t h, D i v i d e n d - Quarterly, Regular At Ex-Dividend V Growth, Dividend - Daily, We e k l y, M o n t h l y & ic At Ex-Dividend V Growth, Dividend - Daily, Weekly, & ic At Ex-Dividend V For all investment including SIP/Micro SIP/STP shall be 0.25% of the applicable V if redeemed / switched out within One Month from the date of allotment. (w.e.f March 01st, 2011) Growth, Dividend - Daily, Weekly,, Quarterly, Annual & ic At Ex-Dividend V Dividend-, Quarterly, Half Yearly, Annual & ic At Ex-Dividend V (w.e.f. 23rd May 2016) Growth, Dividend - Fortnightly (Payout & Reinvestment), & ic At Ex-Dividend V (w.e.f. 29th September 2016) Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment),, Bi - (once in two months), Quarterly & ic At Ex-Dividend V If redeemed/switched out within 365 days from the date of allotment: For 10% of investment : For remaining investment : 1% If redeemed/switched out after 365 days from the date of allotment: Growth, Dividend - Quarterly, Half Yearly, Annual & ic At Ex-Dividend V SIP (Minimum Amount) SIP Frequency SIP Dates () Lock in `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `100/- Any day of the month, except 29th, 30th & 31st day of the month `100/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month ` 1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month `1,000/- Any day of the month, except 29th, 30th & 31st day of the month Face Value ( `/Unit) ` 1000/- (w.e.f. 05 Nov, 2011) V Frequency Daily Crisil MIP Blended Index Crisil Liquid Fund Index Crisil Liquid Fund Index (w.e.f 23rd July, 2015) CRISIL AAA Short Term Index (w.e.f 26th September, 2016) CRISIL Short Term Bond Fund Index CRISIL AAA Short Term Index (w.e.f 26th September, 2016) CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index 37

38 Fund Snapshot IDFC Dynamic Bond Fund (IDFC - DBF) IDFC Government Securities Fund - Investment Plan (IDFC GSF-IP) IDFC Government Securities Fund - Provident Fund Plan (IDFC GSF-PF) IDFC Government Securities Fund - Short Term Plan (IDFC GSF-ST) IDFC Ultra short Term Fund (IDFC USTF) IDFC All Seasons Bond Fund (IDFC ASBF) IDFC Banking Debt Fund (IDFC BDF) Nature of the 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 25 June March March March January September March 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 of the scheme will be realized. Seek to generate optimal returns with high liquidity by investing in Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt o r i e n t e d m u t u a l f u n d schemesand money market instruments. However, there can be no assurance that the investment objectives of the will be realized The primary objective of the scheme is to seek to generate stable returns with a low risk strategy by creating a portfolio that is invested in debt & money market instrument issued by schedule commercial banks. However, there can be no assurance or guarantee that the objective of the scheme realized Month end AUM ` Crs ` Crs ` Crs ` Crs ` Crs ` Crs ` Crs Fund Manager Mr. Suyash Choudhary Mr. Suyash Choudhary (Since 15th October 2010) Mr. Suyash Choudhary (Since 15th October 2010) Mr. Suyash Choudhary (Since 15th October 2010) Mr. Anurag Mittal (w.e.f. 09th November 2015) Mr. Harshal Joshi (w.e.f 15th July 2016) Mr. Harshal Joshi (Since 1st August 2014) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 15 Days or more 12 Months or more 6 Months or more Minimum Investment Amount `5,000/- and any amount thereafter ` 5,0 0 0/ - a n d a ny a m o u n t thereafter `100/- and any amount thereafter ` 5,0 0 0/ - a n d a ny a m o u n t thereafter `100/- and any amount thereafter `5,000/- and any amount thereafter `5,000/- and any amount thereafter Entry Load (Since 11th December 2014) Exit Load (w.e.f. 17th October 2016) (w.e.f. 15th July 2011) (w.e.f. 11th December 2014) (Since 29th June 2012) 0.50% if redeemed or switched before 3 months (w.e.f. 09th October 2013) All Investment including SIP/Micro SIP/STP/FOF if redeemed/ switched out within 7 days from the date of allotment 0.15%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the. 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,, Quarterly & ic Growth, Dividend - Daily, Weekly,, Quarterly & ic Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Half Yearly, Annual & ic Growth, Dividend - Daily, Fortnightly, (Reinvestment), Quarterly (Payout), Annual (Payout) & ic Dividend Re-investment At Ex-Dividend V At Ex-Dividend V At Ex-Dividend V At Ex-Dividend V - At Ex-Dividend V At ex-dividend V SIP (Minimum Amount) `1,000/- `1,000/- `100/- `1,000/- `100/- `1,000/- `1000/- SIP Frequency SIP Dates () Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Any day of the month, except 29th, 30th & 31st day of the month Lock in Face Value ( `/Unit) V Frequency CRISIL Composite Bond Fund Index ISEC Composite Index ISEC Composite Index I - Sec Si Bex (w.e.f 30th November, 2015) Crisil Liquid Fund Index Crisil Short Term Bond Fund Index (w.e.f 30th November, 2015) Crisil Liquid Fund Index (w.e.f 30th November, 2015) 38

39 Fund Manager Details Fund Manager Name: Mr. Anoop Bhaskar (w.e.f. 30/4/16) Managed: IDFC Classic Equity Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Aug 09, 2005 (Since Inception) % 11.77% 11.70% 33,875 35,555 35,303 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Managed: IDFC Classic Equity Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.46% 8.30% 15,542 14,353 13,756 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200 Nifty 50 Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200 Nifty 50 Managed: IDFC Premier Equity Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Option: Direct Plan Growth Unit): Managed: IDFC Premier Equity Fund (V as on Dec 30, 2016 ` Unit): ^ Sep 28, 2005 (Since Inception) % 10.67% 10.73% 71,070 31,316 31,507 Dec 31, 2015 To Dec 30, % 3.78% 3.01% Dec 31, 2014 To Dec 31, % -0.82% -4.06% Dec 31, 2013 To Dec 31, % 36.96% 31.39% ^ Jan 01, 2013 (Since Inception) % 9.60% 8.30% 18,075 14,425 13,756 Dec 31, 2015 To Dec 30, % 3.78% 3.01% Dec 31, 2014 To Dec 31, % -0.82% -4.06% Dec 31, 2013 To Dec 31, % 36.96% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 500 Nifty 50 Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 500 Nifty 50 Fund Manager Name: Mr. Anoop Bhaskar (w.e.f. 30/4/16) & Mr. Daylynn Pinto (w.e.f. 20/10/16) Managed: IDFC Sterling Equity Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 07, 2008 (Since Inception) % 9.39% 6.31% 36,128 22,075 17,155 Dec 31, 2015 To Dec 30, % 7.13% 3.01% Dec 31, 2014 To Dec 31, % 6.46% -4.06% Dec 31, 2013 To Dec 31, % 55.91% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty Free Float Nifty 50 Midcap 100 Managed: IDFC Sterling Equity Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 13.66% 8.30% 17,038 16,683 13,756 Dec 31, 2015 To Dec 30, % 7.13% 3.01% Dec 31, 2014 To Dec 31, % 6.46% -4.06% Dec 31, 2013 To Dec 31, % 55.91% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty Free Float Nifty 50 Midcap 100 Fund Manager Name: Equity Portion: Mr. Sumit Agrawal (w.e.f. 20/10/16) & Debt Portion: Mr. Anurag Mittal (w.e.f. 09/11/2015) Managed: IDFC Income Plan Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 25, 2010 (Since Inception) % 8.81% 7.46% 18,731 17,825 16,364 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI Managed: IDFC Income Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.72% 8.67% 15,025 14,490 13,944 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI 39

40 Fund Manager Details Fund Manager Name: Mr. Sumit Agrawal (w.e.f. 20/10/16) Managed: IDFC Imial Equity Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 16, 2006 (Since Inception) % 9.00% 8.64% 26,162 25,370 24,476 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex Managed: IDFC Imial Equity Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.30% 7.99% 13,691 13,756 13,598 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex Fund Manager Name: Ms. Meenakshi Dawar $ (w.e.f. 7/9/15) Managed: IDFC Equity Fund RegularPlanGrowthOption(VasonDec30,2016 ` Unit): ^ Jun 09, 2006 (Since Inception) % 10.44% 9.91% 23,885 28,559 27,141 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex Managed: IDFC Equity Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.30% 7.99% 14,512 13,756 13,598 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex Managed: IDFC Asset Allocation Fund of Fund - Aggressive Plan Regular Plan Growth Option ( V as on Dec 30, 2016 ` Unit) ^ Feb 11, 2010 (Since Inception) % 8.56% 7.50% 18,893 17,605 16,454 Dec 31, 2015 To Dec 30, % 6.66% 14.97% Dec 31, 2014 To Dec 31, % 0.48% 7.39% Dec 31, 2013 To Dec 31, % 25.34% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Balanced Fund - 10 Year GOI Aggressive Index Managed: IDFC Asset Allocation Fund of Fund - Conservative Plan Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 11, 2010 (Since Inception) % 8.80% 7.50% 18,063 17,877 16,454 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI Regular Plan Growth Option Managed: IDFC Asset Allocation Fund of Fund - Moderate Plan ( V as on Dec 30, 2016 ` Unit) ^ Feb 11, 2010 (Since Inception) % 8.80% 7.50% 18,932 17,877 16,454 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI Managed: IDFC Asset Allocation Fund - Aggressive Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.10% 8.67% 14,441 14,164 13,944 Dec 31, 2015 To Dec 30, % 6.66% 14.97% Dec 31, 2014 To Dec 31, % 0.48% 7.39% Dec 31, 2013 To Dec 31, % 25.34% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Balanced Fund - 10 Year GOI Aggressive Index Managed: IDFC Asset Allocation Fund - Conservative Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Apr 02, 2013 (Since Inception) % 10.08% 8.70% 14,540 14,330 13,669 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI Managed: IDFC Asset Allocation Fund - Moderate Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Feb 26, 2013 (Since Inception) % 9.94% 8.37% 14,781 14,393 13,622 Dec 31, 2015 To Dec 30, % 11.55% 14.97% Dec 31, 2014 To Dec 31, % 6.79% 7.39% Dec 31, 2013 To Dec 31, % 16.83% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL MIP Blended Index 10 Year GOI $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

41 Fund Manager Details Managed: IDFC Nifty Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Managed: IDFC Nifty Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): Apr 30, 2010 (Since Inception) % 6.80% 6.44% 16,539 15,509 15,164 Dec 31, 2015 To Dec 30, % 3.01% 1.95% Jan 01, 2013 (Since Inception) % 8.30% 7.99% 14,226 13,756 13,598 Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2015 To Dec 30, % 3.01% 1.95% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Dec 31, 2014 To Dec 31, % -4.06% -5.03% Dec 31, 2013 To Dec 31, % 31.39% 29.89% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty 50 S&P BSE Sensex ^ Fund Manager Name: Mr. Rajendra Kumar Mishra (w.e.f. 27/6/13) Managed: IDFC Infrastructure Fund RegularPlanGrowthOption(VasonDec30,2016` Unit): ^ Mar 08, 2011 (Since Inception) % -1.11% 7.00% 12,468 9,373 14,827 Dec 31, 2015 To Dec 30, % -2.05% 3.01% Dec 31, 2014 To Dec 31, % -8.91% -4.06% Dec 31, 2013 To Dec 31, % 22.71% 31.39% Managed: IDFC Infrastructure Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty Infra Nifty 50 Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Nifty Infra Nifty 50 ^ Jan 01, 2013 (Since Inception) % 0.91% 8.30% 14,714 10,370 13,756 Dec 31, 2015 To Dec 30, % -2.05% 3.01% Dec 31, 2014 To Dec 31, % -8.91% -4.06% Dec 31, 2013 To Dec 31, % 22.71% 31.39% Fund Manager Name: Mr. Daylynn Pinto (w.e.f. 20/10/16) Managed: IDFC Tax Advantage (ELSS) Fund RegularPlan GrowthOption(Vason Dec 30,2016 5` Unit): ^ Dec 26, 2008 (Since Inception) % 15.37% 14.03% 38,846 31,465 28,649 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200 Nifty 50 Managed: IDFC Tax Advantage (ELSS) Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.46% 8.30% 18,121 14,353 13,756 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns.^ Past formance may or may not be sustained in future S&P BSE 200 Nifty 50 Managed: IDFC Tax Saver Fund - ELSS Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): Investment of ` ^ Mar 15, 2007 (Since Inception) % 9.09% 8.61% 23,891 23,459 22,466 Dec 31, 2015 To Dec 30, % 3.95% 3.01% Dec 31, 2014 To Dec 31, % -1.48% -4.06% Dec 31, 2013 To Dec 31, % 35.47% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future S&P BSE 200 Nifty 50 41

42 Fund Manager Details $ Fund Manager Name: Equity Portion: Mr. Yogik Pitti (w.e.f. 27/06/2013), Ms. Meenakshi Dawar (w.e.f. 7/09/2015) & Debt Portion: Mr. Harshal Joshi (w.e.f. 15/07/2016) Managed: IDFC Arbitrage Fund RegularPlanGrowthOption(VasonDec30,2016` Unit): Managed: IDFC Arbitrage Plus Fund RegularPlanGrowthOption(VasonDec30,2016` Unit): ^ Dec 21, 2006 (Since Inception) % 7.65% 7.85% 20,447 20,943 21,353 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Liquid Fund Index Nifty 50 ^ Jun 09, 2008 (Since Inception) % 7.67% 7.23% 18,100 18,837 18,187 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Liquid Fund Index Nifty 50 Managed: IDFC Arbitrage Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): Managed: IDFC Arbitrage Plus Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 17, 2013 (Since Inception) % 8.49% 8.00% 13,744 13,803 13,554 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Dec 31, 2013 To Dec 31, % 9.21% 31.39% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Liquid Fund Index Nifty 50 ^ Dec 31, 2013 (Since Inception) % 8.31% 9.10% 12,597 12,705 12,985 Dec 31, 2015 To Dec 30, % 7.48% 3.01% Dec 31, 2014 To Dec 31, % 8.23% -4.06% Greaterthan1yearreturnsareCompoundedAnnualisedReturns. ^Pastformancemayormaynotbesustainedinfuture CRISILLiquidFundIndex Nifty50 Fund Manager Name: Equity Portion: Ms. Meenakshi Dawar $ (w.e.f. 7th September 2015) Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015) Regular Plan Growth Option Managed: IDFC Dynamic Equity Fund (V as on Dec 30, 2016 ` Unit): ^ Oct 10, 2014 (Since Inception) % 5.47% 1.84% 10,913 11,258 10,415 Dec 31, 2015 To Dec 30, % 6.66% 3.01% Dec 31, 2014 To Dec 31, % 0.48% -4.06% Managed: IDFC Dynamic Equity Fund Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Oct 10, 2014 (Since Inception) % 5.47% 1.84% 11,233 11,258 10,415 Dec 31, 2015 To Dec 30, % 6.66% 3.01% Dec 31, 2014 To Dec 31, % 0.48% -4.06% Greaterthan1yearreturnsare Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Balanced Fund Aggressive Index Nifty 50 Greater than 1 year returns are CompoundedAnnualisedReturns.^Pastformancemayormaynotbesustainedinfuture CRISILBalancedFund AggressiveIndex Nifty50 Fund Manager Name: Mr. Harshal Joshi Managed: IDFC Yearly Series Interval Fund I (366 days) Managed: IDFC Yearly Series Interval Fund II (366 days) Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 22, 2013 (Since Inception) % 9.30% 7.39% 13,849 14,194 13,243 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greaterthan1yearreturnsare Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index RegularPlanGrowthOption (VasonDec30,2016 ` Unit): ^ Feb 12, 2013 (Since Inception) % 9.35% 7.42% 13,911 14,147 13,203 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greaterthan1yearreturnsare Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill 1 year T-Bill Managed: IDFC Yearly Series Interval Fund I (366 days) Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 22, 2013 (Since Inception) % 9.30% 7.39% 13,929 14,194 13,243 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% ^ Feb 12, 2013 (Since Inception) % 9.35% 7.42% 14,002 14,147 13,203 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

43 Fund Manager Details Managed: IDFC Yearly Series Interval Fund III (366 days) RegularPlanGrowthOption(VasonDec 30,2016` Unit): ^ Feb 21, 2013 (Since Inception) % 9.37% 7.42% 13,941 14,126 13,182 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 21, 2013 (Since Inception) % 9.37% 7.42% 13,990 14,126 13,182 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Managed: IDFC Fixed Term Plan Series 27 RegularPlanGrowthOption(VasonDec30, 2016` Unit): ^ Aug 21, 2013 (Since Inception) % 9.94% 8.09% 13,404 13,753 12,990 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Aug 21, 2013 (Since Inception) % 9.94% 8.09% 13,469 13,753 12,990 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Managed: IDFC Fixed Term Plan Series 59 RegularPlanGrowthOption(VasonDec 30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Dec 31, 2013 (Since Inception) % 9.65% 8.02% 12,560 13,183 12,603 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Dec 31, 2013 (Since Inception) % 9.65% 8.02% 12,707 13,183 12,603 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Managed: IDFC Fixed Term Plan - Series 60 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 03, 2014 (Since Inception) % 9.64% 7.99% 12,795 13,169 12,585 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Jan 03, 2014 (Since Inception) % 9.64% 7.99% 12,867 13,169 12,585 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 62 RegularPlanGrowthOption Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): (VasonDec30,2016` Unit): ^ Jan 10, 2014 (Since Inception) % 9.64% 7.96% 12,714 13,146 12,558 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Jan 10, 2014 (Since Inception) % 9.64% 7.96% 12,811 13,146 12,558 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% 43

44 Fund Manager Details Managed: IDFC Fixed Term Plan - Series 65 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 29, 2014 (Since Inception) % 9.67% 8.03% 12,669 13,094 12,532 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Jan 29, 2014 (Since Inception) % 9.67% 8.03% 12,725 13,094 12,532 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 66 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 23, 2014 (Since Inception) % 10.55% 10.14% 12,779 13,426 13,278 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Jan 23, 2014 (Since Inception) % 10.55% 10.14% 12,928 13,426 13,278 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 67 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 06, 2014 (Since Inception) % 9.67% 8.06% 12,619 13,067 12,521 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Feb 06, 2014 (Since Inception) % 9.67% 8.06% 12,700 13,067 12,521 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 69 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 18, 2014 (Since Inception) % 9.71% 8.07% 12,690 13,041 12,491 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Feb 18, 2014 (Since Inception) % 9.71% 8.07% 12,738 13,041 12,491 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% 44

45 Fund Manager Details Managed: IDFC Fixed Term Plan - Series 70 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 07, 2014 (Since Inception) % 10.63% 10.27% 12,712 13,398 13,272 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Feb 06, 2014 (Since Inception) % 9.67% 8.06% 12,670 13,067 12,521 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% ^ Feb 07, 2014 (Since Inception) % 10.63% 10.27% 12,872 13,398 13,272 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) RegularPlanGrowthOption Managed: IDFC Fixed Term Plan - Series 71 (VasonDec 30, 2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Feb 06, 2014 (Since Inception) % 9.67% 8.06% 12,806 13,067 12,521 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 74 RegularPlanGrowthOption Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): (VasonDec 30, 2016` Unit): ^ Feb 21, 2014 (Since Inception) % 10.68% 10.28% 12,747 13,365 13,225 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Feb 21, 2014 (Since Inception) % 10.68% 10.28% 12,891 13,365 13,225 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 75 RegularPlanGrowthOption (VasonDec 30, 2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Feb 26, 2014 (Since Inception) % 10.70% 10.31% 12,724 13,352 13,217 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Feb 26, 2014 (Since Inception) % 10.70% 10.31% 12,864 13,352 13,217 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 77 RegularPlanGrowthOption (VasonDec 30, 2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 05, 2014 (Since Inception) % 10.69% 10.33% 12,749 13,323 13,201 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Mar 05, 2014 (Since Inception) % 10.69% 10.33% 12,845 13,323 13,201 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) 45

46 Fund Manager Details Managed: IDFC Fixed Term Plan - Series 78 RegularPlanGrowthOption (VasonDec 30, 2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 11, 2014 (Since Inception) % 9.66% 8.05% 12,733 12,955 12,429 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Mar 11, 2014 (Since Inception) % 9.66% 8.05% 12,801 12,955 12,429 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill RegularPlanGrowthOption Managed: IDFC Fixed Term Plan - Series 79 (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 14, 2014 (Since Inception) % 10.64% 10.32% 12,654 13,272 13,165 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) ^ Mar 14, 2014 (Since Inception) % 10.64% 10.32% 12,794 13,272 13,165 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.36% 7.08% Current Index formance adjusted for the iod from since inception to April 08, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 83 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 13, 2014 (Since Inception) % 9.65% 8.04% 12,614 12,947 12,421 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Mar 13, 2014 (Since Inception) % 9.65% 8.04% 12,649 12,947 12,421 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 84 RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 12, 2014 (Since Inception) % 10.56% 10.19% 12,671 13,253 13,129 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 12, 2014 (Since Inception) % 10.56% 10.19% 12,767 13,253 13,129 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 85 RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 19, 2014 (Since Inception) % 9.63% 8.01% 12,621 12,921 12,395 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 19, 2014 (Since Inception) % 9.63% 8.01% 12,663 12,921 12,395 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill 46

47 Fund Manager Details Managed: IDFC Fixed Term Plan - Series 86 RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 19, 2014 (Since Inception) % 10.55% 10.16% 12,600 13,223 13,096 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 19, 2014 (Since Inception) % 10.55% 10.16% 12,721 13,223 13,096 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 88 RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 26, 2014 (Since Inception) % 10.52% 10.16% 12,640 13,187 13,072 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 26, 2014 (Since Inception) % 10.52% 10.16% 12,723 13,187 13,072 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.13% 6.68% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 06, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Managed: IDFC Fixed Term Plan - Series 89 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Mar 27, 2014 (Since Inception) % 9.60% 8.00% 12,542 12,884 12,370 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Mar 27, 2014 (Since Inception) % 9.60% 8.00% 12,676 12,884 12,370 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 90 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Apr 10, 2014 (Since Inception) % 9.62% 8.04% 12,574 12,846 12,346 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill Managed: IDFC Fixed Term Plan - Series 91 RegularPlanGrowthOption Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): (VasonDec30,2016` Unit): ^ Apr 16, 2014 (Since Inception) % 10.63% 10.42% 12,590 13,150 13,080 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.11% ^ Apr 10, 2014 (Since Inception) % 9.62% 8.04% 12,646 12,846 12,346 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% ^ Apr 16, 2014 (Since Inception) % 10.63% 10.42% 12,637 13,150 13,080 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.11% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index 10Year GOI Current Index formance adjusted for the iod from since inception to April 20, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) Current Index formance adjusted for the iod from since inception to April 20, 2015 with the formance of Crisil Short Term Bond fund index ()&1 year T Bill Index ( ) 47

48 Fund Manager Details Managed: IDFC Fixed Term Plan - Series 92 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ May 07, 2014 (Since Inception) % 9.57% 8.00% 12,439 12,742 12,264 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ May 07, 2014 (Since Inception) % 9.57% 8.00% 12,472 12,742 12,264 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 93 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ May 13, 2014 (Since Inception) % 9.53% 7.99% 12,439 12,710 12,246 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ May 13, 2014 (Since Inception) % 9.53% 7.99% 12,472 12,710 12,246 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 97 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jun 03, 2014 (Since Inception) % 9.45% 7.89% 12,357 12,621 12,163 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Jun 03, 2014 (Since Inception) % 9.45% 7.89% 12,419 12,621 12,163 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Managed: IDFC Fixed Term Plan - Series 99 RegularPlanGrowthOption (VasonDec30,2016` Unit): Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jun 12, 2014 (Since Inception) % 9.42% 7.89% 12,314 12,583 12,141 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance 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 formance may or may not be sustained in future Crisil Short Term Bond Fund Index 1 year T-Bill ^ Jun 12, 2014 (Since Inception) % 9.42% 7.89% 12,357 12,583 12,141 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% RegularPlanGrowthOption Managed: IDFC Fixed Term Plan - Series 108 Option: Direct Plan Growth Option (V as on Dec 30, 2016 ` Unit): (VasonDec30,2016` Unit): ^ May 08, 2015 (Since Inception) % 19.53% 21.10% 12,372 13,421 13,713 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index CRISIL 10 Year Gilt Index ^ May 08, 2015 (Since Inception) % 19.53% 21.10% 12,715 13,421 13,713 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Composite Bond Fund Index CRISIL 10 Year Gilt Index 48

49 Fund Manager Details Managed: IDFC Banking Debt Fund RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 07, 2013 (Since Inception) % 8.51% 7.43% 13,725 13,658 13,148 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Liquid Fund Index Crisil 1 Year T-Bill Index Managed: IDFC Banking Debt Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Mar 07, 2013 (Since Inception) % 8.51% 7.43% 13,782 13,658 13,148 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Liquid Fund Index Crisil 1 Year T-Bill Index Managed: IDFC Money Manager Fund Investment Plan RegularPlanGrowthOption (VasonDec 30,2016` Unit): ^ Aug 09, 2004 (Since Inception) % 8.36% 6.06% 25,077 27,053 20,746 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL AAA Short Term Bond Index 1 Year T-Bill Managed: IDFC Money Manager Fund Investment Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.15% 7.47% 14,126 14,190 13,336 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL AAA Short Term Bond Index 1 Year T-Bill Managed: IDFC Su Saver Income Fund Medium Term RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Jul 08, 2003 (Since Inception) % 7.29% 5.94% 27,269 25,853 21,778 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greaterthan1yearreturnsareCompoundedAnnualisedReturns.^Pastformancemayormaynotbesustainedinfuture CRISILShort-TermBond FundIndex 1YearT-Bill Managed: IDFC Su Saver Income Fund Medium Term Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.30% 7.47% 14,254 14,267 13,336 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISILShort-TermBondFundIndex 1 Year T-Bill Managed: IDFC All Seasons Bond Fund (w.e.f. 15/07/16) Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Sep 13, 2004 (Since Inception) % 7.64% 0.57% 24,904 24,736 10,727 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greaterthan1yearreturnsareCompoundedAnnualisedReturns. ^Pastformancemayormaynotbesustainedinfuture CrisilShortTermBondFundIndex Crisil1YearT-BillIndex Managed: IDFC All Seasons Bond Fund (w.e.f. 15/07/16) Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Feb 22, 2013 (Since Inception) % 9.38% 7.43% 14,160 14,129 13,180 Dec 31, 2015 To Dec 30, % 9.83% 7.27% Dec 31, 2014 To Dec 31, % 8.66% 8.22% Dec 31, 2013 To Dec 31, % 10.47% 8.56% Greaterthan1yearreturnsareCompoundedAnnualisedReturns. ^Pastformancemayormaynotbesustainedinfuture CrisilShortTermBondFundIndex Crisil1YearT-BillIndex 49

50 Fund Manager Details Fund Manager Name: Mr. Anurag Mittal (w.e.f. 09/11/15) Managed: IDFC Ultra Short Term Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jan 17, 2006 (Since Inception) % 7.50% 6.29% 22,590 22,095 19,522 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Managed: IDFC Ultra Short Term Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.49% 7.47% 14,224 13,850 13,336 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greaterthan1yearreturnsareCompoundedAnnualisedReturns.^Pastformancemayormaynotbesustainedinfuture CrisilLiquidFundIndex 1YearT-Bill Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Liquid Fund Index 1 Year T-Bill Managed: IDFC Money Manager Fund Treasury Plan RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Feb 18, 2003 (Since Inception) % 6.84% 5.95% 25,094 25,057 22,298 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Liquid Fund Index 1 Year T-Bill Fund Manager Name: Mr. Harshal Joshi (w.e.f. 15/09/2015) and Mr. Anurag Mittal (w.e.f. 09/11/15) Managed: IDFC Cash Fund Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Jun 04, 2008 (Since Inception) % 7.67% 6.52% 19,392 18,846 17,187 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Managed: IDFC Money Manager Fund Treasury Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.49% 7.47% 14,146 13,850 13,336 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Liquid Fund Index 1 Year T-Bill Managed: IDFC Cash Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.49% 7.47% 13,914 13,850 13,336 Dec 31, 2015 To Dec 30, % 7.48% 7.27% Dec 31, 2014 To Dec 31, % 8.23% 8.22% Dec 31, 2013 To Dec 31, % 9.21% 8.56% Greaterthan1yearreturnsareCompoundedAnnualisedReturns.^Pastformancemayormaynotbesustainedinfuture CrisilLiquidFundIndex 1YearT-Bill Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future Crisil Liquid Fund Index 1 Year T-Bill Fund Manager Name: Mr. Suyash Choudhary Managed: IDFC Su Saver Income Fund Short Term Regular Plan Growth Option (V as on Dec 30, 2016 ` Unit): ^ Dec 14, 2000 (Since Inception) % 6.33% 32,841 26,801 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL AAA Short Term Bond Index 1 Year T-Bill Managed: IDFC Su Saver Income Fund Short Term Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.15% 7.47% 14,308 14,190 13,336 Dec 31, 2015 To Dec 30, % 9.18% 7.27% Dec 31, 2014 To Dec 31, % 8.82% 8.22% Dec 31, 2013 To Dec 31, % 10.24% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL AAA Short Term Bond Index 1 Year T-Bill Managed: IDFC Dynamic Bond Fund RegularPlanGrowthOption(VasonDec 30,2016` Unit): ^ Dec 03, 2008 (Since Inception) % 8.58% 6.42% 19,768 19,449 16,529 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Composite Bond Fund Index 10 Year GOI Managed: IDFC Dynamic Bond Fund Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.79% 8.67% 15,011 14,526 13,944 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Composite Bond Fund Index 10 Year GOI 50

51 Fund Manager Details Managed: IDFC Su Saver Income Fund Investment Plan RegularPlanGrowthOption (VasonDec30, 2016 ` Unit): ^ Jul 14, 2000 (Since Inception) % 39,700 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Composite Bond Fund Index 10 Year GOI Managed: IDFC Su Saver Income Fund Investment Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 9.79% 8.67% 14,830 14,526 13,944 Dec 31, 2015 To Dec 30, % 12.93% 14.97% Dec 31, 2014 To Dec 31, % 8.63% 7.39% Dec 31, 2013 To Dec 31, % 14.31% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future CRISIL Composite Bond Fund Index 10 Year GOI Managed: IDFC Government Securities Fund - Short Term Plan RegularPlanGrowthOption (VasonDec30,2016` Unit): ^ Mar 09, 2002 (Since Inception) % 5.97% 23,454 23,618 Dec 31, 2015 To Dec 30, % 9.12% 7.27% Dec 31, 2014 To Dec 31, % 9.02% 8.22% Dec 31, 2013 To Dec 31, % 9.37% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I - Sec Si Bex 1 Year T-Bill Managed: IDFC Government Securities Fund - Short Term Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit): ^ Jan 01, 2013 (Since Inception) % 8.68% 7.47% 14,977 13,945 13,336 Dec 31, 2015 To Dec 30, % 9.12% 7.27% Dec 31, 2014 To Dec 31, % 9.02% 8.22% Dec 31, 2013 To Dec 31, % 9.37% 8.56% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I - Sec Si Bex 1 Year T-Bill RegularPlanGrowthOption Managed: IDFC Government Securities Fund Provident Fund Plan (V as on Dec30, 2016` Unit) ^ Mar 29, 2004 (Since Inception) % 7.72% 5.85% 28,624 25,839 20,670 Dec 31, 2015 To Dec 30, % 13.68% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I-Sec Composite Index 10 Year GOI Managed: IDFC Government Securities Fund Provident Fund Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit) ^ Jan 01, 2013 (Since Inception) % 10.14% 8.67% 15,486 14,713 13,944 Dec 31, 2015 To Dec 30, % 13.68% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I-Sec Composite Index 10 Year GOI Managed: IDFC Government Securities Fund - Investment Plan RegularPlanGrowthOption (Vason Dec30,2016` Unit) ^ Dec 03, 2008 (Since Inception) % 8.60% 6.42% 19,528 19,472 16,529 Dec 31, 2015 To Dec 30, % 13.68% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I-Sec Composite Index 10 Year GOI Managed: IDFC Government Securities Fund - Investment Plan Option: Direct Plan Growth (V as on Dec 30, 2016 ` Unit) ^ Jan 01, 2013 (Since Inception) % 10.14% 8.67% 15,260 14,713 13,944 Dec 31, 2015 To Dec 30, % 13.68% 14.97% Dec 31, 2014 To Dec 31, % 8.37% 7.39% Dec 31, 2013 To Dec 31, % 15.12% 14.14% Greater than 1 year returns are Compounded Annualised Returns. ^ Past formance may or may not be sustained in future I-Sec Composite Index 10 Year GOI 51

52 Fund Manager Details Total Exience of Fund Managers Name Years Mr. Anoop Bhaskar Head Equity 23+ Mr. Anurag Mittal 10+ Mr. Arvind Subramanian 7+ Mr. Daylynn Pinto 12+ Mr. Harshal Joshi 9+ Total Exience of Fund Managers Name Years $ Ms. Meenakshi Dawar 8+ Mr. Rajendra Mishra 14+ Mr. Sumit Agrawal 12+ Mr. Suyash Choudhary - Head Fixed Income 16+ Mr. Yogik Pitti 9+ Weighted Average Expense Ratio for the Month Name - (Regular Plan / Direct Plan): IDFC All Seasons Bond Fund: 0.66% / 0.22%, IDFC Arbitrage Fund: 0.92% / 0.44%, IDFC Arbitrage Plus Fund: 0.98% / 0.38%, IDFC Asset Allocation Fund - Aggressive Plan: 1.69% /1.16%, IDFC Asset Allocation Fund - Conservative Plan: 1.22% / 0.72%, IDFC Asset Allocation Fund - Moderate Plan: 1.52% / 1.02%, IDFC Banking Debt Fund: 0.29% / 0.19%, IDFC Cash Fund: 0.13% / 0.05%, IDFC Classic Equity Fund: 2.25% / 0.93%, IDFC Corporate Bond Fund: 0.57% / 0.20%, IDFC Dynamic Bond Fund: 1.52% / 0.75%, IDFC Dynamic Equity Fund: 2.25% /1.45%, IDFC Equity Fund: 2.55% / 1.47%, IDFC Government Securities Fund - Investment Plan: 1.35% / 0.96%, IDFC Government Securities Fund - PF Plan: 0.68% / 0.45%, IDFC Government Securities Fund - Short Term Plan: 0.40% / 0.35%, IDFC Imial Equity Fund: 2.68% / 1.52%, IDFC Infrastructure Fund: 2.60% / 1.32%, IDFC Money Manager Fund - Investment Plan: 0.46% / 0.25%, IDFC Money Manager Fund - Treasury Plan: 1.07% / 0.51%, IDFC Income Plan: 2.15% / 1.29%, IDFC Nifty ETF: 0.13%, IDFC Nifty Fund: 0.25% / 0.15%, IDFC Premier Equity Fund: 2.00% / 1.29%, IDFC Sensex ETF: 0.13%, IDFC Sterling Equity Fund: 2.18% / 1.15%, IDFC Su Saver Income Fund - Investment Plan: 1.82% / 0.55%, IDFC Su Saver Income Fund - Medium Term Plan: 1.30% / 0.65%, IDFC Su Saver Income Fund - Short Term Plan: 0.77% / 0.25%, IDFC Tax Advantage Fund: 2.44% / 1.51%, IDFC Ultra Short Term Fund: 0.37% / 0.22% Disclaimer: The above recurring expense ratio does not include the Service tax on Investment Management Fees, the proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets and borrowing cost, wherever applicable. $ Ms Meenakshi Dawar ceases to be the Fund Manager with effect from the closure of business hours of February 28,

53 Dividend History Last 3 Gross Dividends ( `/unit) : Date Plan Dividend V Date Plan Dividend V Date Plan Freq Dividend Nav IDFC Classic Equity Fund IDFC Arbitrage Plus Fund IDFC All Seasons Bond Fund 27-Feb-17 Reg Plan Sep-16 Regular Plan Half Yearly Jan-17 Reg Plan Mar-16 Regular Plan Half Yearly Nov-16 Reg Plan Sep-15 Regular Plan Half Yearly Mar-16 Reg Plan Annually Dec-16 Regular Plan Quarterly Jan-17 Plan B Sep-16 Regular Plan Quarterly Nov-16 Plan B Jun-16 Regular Plan Quarterly Oct-16 Plan B Mar-16 Regular Plan Annually Feb-17 Dir Plan Dec-16 Direct Plan Quarterly Jan-17 Dir Plan Sep-16 Direct Plan Quarterly Nov-16 Dir Plan Jun-16 Direct Plan Quarterly Mar-16 Dir Plan Annually IDFC Cash Fund IDFC Income Plan 29-Feb-16 Plan B Feb 15 Plan B Feb 13 Plan B Feb-16 Regular Plan Feb 15 Regular Plan Feb 13 Regular Plan Feb-16 Direct Plan Feb-15 Direct Plan Feb-13 Direct Plan IDFC Sterling Equity Fund 21-Mar-16 Regular Plan Mar-15 Regular Plan Apr-14 Regular Plan Mar-16 Direct Plan Mar-15 Direct Plan Apr-14 Direct Plan IDFC Premier Equity Fund 08-Mar-16 Plan B Mar-15 Plan B Mar 14 Plan B Mar-16 Regular Plan Mar-15 Regular Plan Mar 14 Regular Plan Mar-16 Direct Plan May-15 Direct Plan Mar-15 Direct Plan IDFC Imial Equity Fund 24-Jan-17 Plan B Jan-16 Plan B Jan-15 Plan B Jan-17 Reg Plan Jan-16 Reg Plan Jan-15 Reg Plan May 08 Reg Plan Jan-17 Dir Plan Jan-16 Dir Plan Jan-15 Dir Plan IDFC Equity Fund 14-Mar-16 Regular Plan Mar-15 Regular Plan Mar 14 Regular Plan Mar-16 Plan B Mar-15 Plan B Mar 14 Plan B Mar-16 Direct Plan Mar-15 Direct Plan IDFC Arbitrage Fund ``27-Feb-17 Reg Plan Jan-17 Reg Plan Dec-16 Reg Plan Jan-17 Plan B Dec-16 Plan B Nov-16 Plan B Feb-17 Dir Plan Jan-17 Dir Plan Dec-16 Dir Plan IDFC Tax Advantage Fund 27-Feb-17 Regular Plan Feb-16 Regular Plan Feb-15 Regular Plan Feb-17 Direct Plan Feb-16 Direct Plan Feb-15 Direct Plan Date Plan Freq Dividend Nav 27-Feb-17 Regular Plan Jan-17 Regular Plan Dec-16 Regular Plan Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Feb-17 Direct Plan Jan-17 Direct Plan Dec-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly IDFC Asset Allocation Fund of Fund - Conservative Plan 27-Feb-17 Regular Plan Jan-17 Regular Plan Oct-16 Regular Plan Feb-17 Direct Plan Jan-17 Direct Plan Oct-16 Direct Plan IDFC Asset Allocation Fund of Fund - Moderate Plan 27-Feb-17 Regular Plan Oct-16 Regular Plan Sep-16 Regular Plan IDFC Asset Allocation Fund of Fund - Aggressive Plan 27-Feb-17 Regular Plan Oct-16 Regular Plan Sep-16 Regular Plan Feb-17 Direct Plan Oct-16 Direct Plan Sep-16 Direct Plan IDFC Dynamic Equity Fund 23-Jan-17 Reg Plan Oct-16 Reg Plan Jul-16 Reg Plan Jan-17 Dir Plan Oct-16 Dir Plan Jul-16 Dir Plan IDFC Corporate Bond Fund 27-Feb-17 Reg Plan Nov-16 Reg Plan Aug-16 Reg Plan Aug-16 Reg Plan Dividend Mar-16 Reg Plan Dividend Dec-16 Reg Plan Quarterly Sep-16 Reg Plan Quarterly Sep-16 Reg Plan Half Yearly Jan-17 Direct Plan Nov-16 Direct Plan Oct-16 Direct Plan Aug-16 Direct Plan Dividend Mar-16 Direct Plan Dividend Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jan-17 Plan A Dec-16 Plan A Nov-16 Plan A Sep-14 Plan A ic Dec-11 Plan A ic Jan-17 Regular Plan Dec-16 Regular Plan Nov-16 Regular Plan Sep-14 Regular Plan ic Dec-11 Regular Plan ic Sep-11 Regular Plan ic Jan-17 Direct Plan Dec-16 Direct Plan Nov-16 Direct Plan Sep-14 Direct Plan ic IDFC Ultra Short Term Fund 27-Feb-17 Regular Plan Jan-17 Regular Plan Dec-16 Regular Plan Sep-14 Regular Plan ic May-13 Regular Plan ic Jan-12 Regular Plan ic Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Feb-17 Direct Plan Jan-17 Direct Plan Dec-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Sep-14 Direct Plan ic IDFC Money Manager Fund - Treasury Plan 27-Feb-17 Regular Plan Jan-17 Regular Plan Dec-16 Regular Plan Jul-14 Plan B Jun-14 Plan B May-14 Plan B Mar-13 Plan C Feb-13 Plan C Jan-13 Plan C Feb-17 Direct Plan Jan-17 Direct Plan Dec-16 Direct Plan Date Plan Freq Dividend Nav IDFC Banking Debt Fund 27-Feb-17 Regular Plan Jan-17 Regular Plan Dec-16 Regular Plan Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Sep-14 Regular Plan Annually Mar-16 Regular Plan Mar-15 Regular Plan Sep-14 Regular Plan Feb-17 Direct Plan Jan-17 Direct Plan Dec-16 Direct Plan Sep-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan Mar-15 Direct Plan Sep-14 Direct Plan IDFC Money Manager Fund - Investment Plan 30-Jan-17 Plan A Dec-16 Plan A Nov-16 Plan A Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Mar-15 Plan A Annually Sep-14 Plan A Annually Jan-17 Regular Plan Dec-16 Regular Plan Nov-16 Regular Plan Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-15 Regular Plan Quarterly Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Sep-14 Regular Plan Annually Jan-17 Direct Plan Dec-16 Direct Plan Nov-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan ic Dec-15 Direct Plan ic Sep-14 Direct Plan ic IDFC Su Saver Income Fund - Short Term Plan 27-Feb-17 Regular Plan Jan-17 Regular Plan Nov-16 Regular Plan Mar-16 Plan B Jan-16 Plan B Dec-15 Plan B Mar-13 Plan C Feb-13 Plan C Jan-13 Plan C Nov-10 Plan D Sep-10 Plan D Aug-10 Plan D Mar-16 Plan F Mar-15 Plan F Sep-14 Plan F Feb-17 Direct Plan Jan-17 Direct Plan Nov-16 Direct Plan Dividend is not guaranteed and past formance may or may not be sustained in future. Pursuant to payment of dividend, the V of the scheme would fall to the extent of payout and statutory levy (as applicable). Dividend received is subject to applicable dividend distribution tax. Face Value of all above schemes (excluding IDFC Cash Fund) is unit. Face value of IDFC Cash Fund is `1000/- unit. Past formance may or may not be sustained in future. 53

54 Dividend History Date Plan Freq Dividend Nav Date Plan Freq Dividend Nav IDFC Su Saver Income Fund - Medium Term Plan IDFC Dynamic Bond Fund 27-Feb-17 Regular Plan Jan-17 Regular Plan Nov-16 Regular Plan Jan-17 Regular Plan Bi Nov-16 Regular Plan Bi Sep-16 Regular Plan Bi Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly May-13 Plan B Apr-13 Plan B Mar-13 Plan B Mar-11 Plan B Annually Mar-16 Plan B Mar-15 Plan B Sep-14 Plan B Sep-11 Plan B Mar-16 Plan F Mar-15 Plan F Sep-14 Plan F Feb-17 Direct Plan Jan-17 Direct Plan Nov-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Jan-17 Direct Plan Bi Nov-16 Direct Plan Bi Sep-16 Direct Plan Bi IDFC Su Saver Income Fund - Investment Plan 22-Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Sep-15 Regular Plan Half Yearly Mar-16 Regular Plan Annually Mar-09 Regular Plan Annually May-13 Plan B Mar-13 Plan B Dec-11 Plan B Sep-14 Plan C May-13 Plan C Mar-13 Plan C Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan Annually Mar-15 Direct Plan Annually Sep-14 Direct Plan Annually IDFC Government Securities Fund - Provident Fund Plan 22-Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Sep-14 Regular Plan Annually Dec-16 Plan B Quarterly Sep-16 Plan B Quarterly Jun-16 Plan B Quarterly Mar-16 Direct Plan Annually Mar-15 Direct Plan Annually Sep-14 Direct Plan Annually Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan ic Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Mar-09 Plan A Annually Mar-16 Regular Plan Mar-15 Regular Plan Sep-14 Regular Plan Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Sep-14 Regular Plan Annually Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Sep-15 Regular Plan Half Yearly Mar-16 Direct Plan Mar-15 Direct Plan May-13 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan Annually Sep-14 Direct Plan Annually Mar-13 Direct Plan Annually Sep-16 Direct Plan Half Yearly Mar-16 Direct Plan Half Yearly Sep-15 Direct Plan Half Yearly IDFC Government Securities Fund Investment Plan 22-Sep-16 Plan A Half Yearly Mar-16 Plan A Half Yearly Sep-15 Plan A Half Yearly Dec-16 Plan A Quarterly Sep-16 Plan A Quarterly Jun-16 Plan A Quarterly Mar-16 Plan A Annually Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Mar-16 Regular Plan Annually Mar-15 Regular Plan Annually Sep-14 Regular Plan Annually Mar-16 Regular Plan Mar-15 Regular Plan Sep-14 Regular Plan Sep-16 Regular Plan Half Yearly Mar-16 Regular Plan Half Yearly Sep-15 Regular Plan Half Yearly Sep-14 Direct Plan Half Yearly Mar-14 Direct Plan Half Yearly Sep-13 Direct Plan Half Yearly Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Mar-16 Direct Plan Mar-15 Direct Plan Sep-14 Direct Plan Mar-16 Direct Plan Annually Mar-14 Direct Plan Annually IDFC Government Securities Fund - Short Term Plan 30-Jan-17 Regular Plan Nov-16 Regular Plan Oct-16 Regular Plan Dec-16 Regular Plan Quarterly Sep-16 Regular Plan Quarterly Jun-16 Regular Plan Quarterly Jan-17 Direct Plan Nov-16 Direct Plan Oct-16 Direct Plan Dec-16 Direct Plan Quarterly Sep-16 Direct Plan Quarterly Jun-16 Direct Plan Quarterly Date Plan Dividend Nav IDFC Tax Saver (ELSS) 23-Jun-16 Regular Plan ICRA Credit Risk Rating IDFC MMF-TP, IDFC MMF-IP, IDFC SSIF-ST, SSIF-MT, IDFC CBF : Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with longterm debt obligations rated in the highest credit- quality category. IDFC CASH FUND, IDFC USTF: Credit Risk Rating A1+mfs - The highest-creditquality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be construed as an indication of the formance of the Mutual Fund scheme or of volatility in its returns. Source: ICRA Ltd. CRISIL Credit Quality Rating IDFC SSIF-IP, IDFC DBF: CRISIL AAA mfs - 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 V of the Fund, which could vary with market developments. CRISIL Credit Quality Rating Methodology CRISIL's credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund's overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL's rating default and transition rates. For details on closed ended funds, please refer the website FITCH Credit Quality Rating IDFC Cash fund: IND A1+ mfs - s with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. 54

55 How to read Factsheet Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme, Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. SIP SIP or systematic investment plan works on the principle of making iodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a iod of three years. V The V or the net asset value is the total asset value unit of the mutual fund after deducting all related and missible expenses. The V is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. A group of securities, usually a market index, whose formance is used as a standard or benchmark to measure investment formance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10- Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing V at the time of investment. For instance, if the V is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the services rendered by the distributor. Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing V at the time of redemption. For instance, if the V is Rs 100 and the exit load is 1%, the redemption price would be Rs.99 unit. Modified Duration Modified duration is the price sensitivity and the centage change in price for a unit change in yield Standard Deviation Standard deviation is a statistical measure of the range of an investment's formance. When a mutual fund has a high standard deviation, its means its range of formance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward unit of risk. Beta Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in terms of centage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. 55

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

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