Vol. No. 10 Issue No. 1. July 2012

Vol. No. 10 Issue No. 1 July 2012

CONTENTS PAGE NO. MARKET REVIEW 3 EDITORIAL 4 FEATURES OF OUR SELECT SCHEMES 5-11 HDFC GROWTH FUND 12 HDFC EQUITY FUND 12 HDFC TOP 200 FUND 13 HDFC CAPITAL BUILDER FUND 13 HDFC CORE & SATELLITE FUND 14 HDFC PREMIER MULTI-CAP FUND 14 HDFC MID-CAP OPPORTUNITIES FUND 15 HDFC LONG TERM EQUITY FUND 15 HDFC INFRASTRUCTURE FUND 16 HDFC ARBITRAGE FUND 16 HDFC INDEX FUND - SENSEX PLAN & NIFTY PLAN 17 HDFC INDEX FUND - SENSEX PLUS PLAN 18 HDFC GOLD EXCHANGE TRADED FUND 18 HDFC GOLD FUND 18 HDFC BALANCED FUND 19 HDFC PRUDENCE FUND 19 HDFC CHILDREN S GIFT FUND - INVESTMENT PLAN & SAVINGS PLAN 20 HDFC LONG TERM ADVANTAGE FUND 21 HDFC TAXSAVER 21 SIP PERFORMANCE OF SELECT SCHEMES 22-23 HDFC MF MIP - SHORT TERM PLAN & LONG TERM PLAN 24 HDFC MULTIPLE YIELD FUND 25 HDFC MULTIPLE YIELD FUND - PLAN 2005 25 HDFC INCOME FUND 26 HDFC HIGH INTEREST FUND 26 HDFC SHORT TERM PLAN 27 HDFC HIGH INTEREST FUND - SHORT TERM PLAN 27 HDFC SHORT TERM OPPORTUNITIES FUND 28 HDFC MEDIUM TERM OPPORTUNITIES FUND 28 HDFC GILT FUND - SHORT TERM PLAN & LONG TERM PLAN 29 HDFC FLOATING RATE INCOME FUND - SHORT TERM PLAN & LONG TERM PLAN 30 HDFC LIQUID FUND 31 HDFC CASH MANAGEMENT FUND - SAVINGS PLAN 31 HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN & CALL PLAN 32 SCHEME PERFORMANCE SUMMARY - PRASHANT JAIN 33 SCHEME PERFORMANCE SUMMARY - VINAY KULKARNI 34-35 SCHEME PERFORMANCE SUMMARY - MITEN LATHIA 35 SCHEME PERFORMANCE SUMMARY - CHIRAG SETALVAD 36-37 SCHEME PERFORMANCE SUMMARY - SRINIVAS RAO RAVURI 37 SCHEME PERFORMANCE SUMMARY - SHOBHIT MEHROTRA 38-40 SCHEME PERFORMANCE SUMMARY - ANIL BAMBOLI 40-44 DIVIDEND HISTORY 45-47 DISCLAIMER 47 2 July 2012 Intouchmutually

Market Review - July 2012 Equity market update After rising sharply by about 7% in June, the Indian markets saw some weakness in July on the back of weak monsoons and continued lack of policy action. The benchmark indices, the Sensex and Nifty ended about 1% lower each. The broader markets under performed with the CNX Midcap Index falling 2.5%. On the domestic front, the news flow was mixed. On one hand, none of the expected reforms (diesel price hike, FDI in retail / aviation) were announced in July, even after the Presidential election. Sentiment took a further hit as the southwest monsoons failed to improve. The monsoon is currently ~20% below normal, posing some upside risks to food inflation. Not surprisingly, the central bank, in its monetary policy review at the end of July, kept key policy rates unchanged citing continuing inflation concerns. On the other hand, first quarter corporate results declared so far have been mixed with some pressure on both sales growth and profit margins evident. However, lower commodity prices are yet to reflect completely in the reported numbers. Finally, on the positive side, the June trade data showed a sharp fall in the current account deficit while IIP data came in better than expected. Global markets began July with a negative bias; however, the European Central Bank s promise to save the European Union gave a boost to investor sentiment, helping European markets end the month higher (DAX +5.5%, CAC +3.0%). The US benchmark index, Dow Jones gained 1%, as the month saw strong manufacturing and housing data, and S&P500 corporate earnings beat expectations. Asia, on the other hand, saw mixed performance with HK, Korean & Indonesian markets rising ~2-4%, while the Japanese Nikkei fell 3.5% and the Shanghai Composite fell 5.5%. In commodities, Brent moved up 10.7% to ~$107/bbl in July (after falling 5% in June) on hopes of monetary easing. However, base metals continued to correct (Aluminium -1.2%, Copper -1.8%, Nickel -5%) on softening Chinese demand. The Sensex now trades at 13x March 13 earnings and is still below its long-term average valuation. In the near term, concerns over a slowing economy, weak monsoons and government policy inaction may weigh on sentiment. However, from a longer term perspective, the overall growth trajectory remains encouraging. For investors with a slightly long term perspective and some tolerance for volatility we believe the Indian markets present an opportunity to capture not only strong earnings growth, but also an improvement in valuation multiples. Source for various data points: Bloomberg & publicly available data. Debt market update During the month of July 2012, the yield on 10-year Government benchmark bond ended higher at 8.25% as against 8.18% in June 2012. The average LAF during the month was negative ` 48,066 crs as compared to negative ` 90,637 crs in June 2012. The NSE overnight MIBOR ended at 8.06% lower than the rate seen in end June (8.28%). The annual rate of inflation, based on monthly WPI, stood at 7.25% (Provisional) for the month of June 2012 as compared to 7.55% (Provisional) for the previous month and 9.51% during the corresponding month of the previous year. The INR was flat at 55.655 against the US dollar as compared to 55.64 at the end of previous month. The net FII investments in equities & debt was an inflow of USD 240.15 million in July 2012 as compared to an inflow of USD 209.14 million in June 2012. In the First Quarter Review of Monetary Policy, RBI left all key policy rates (repo rate at 8%, reverse repo rate at 7% and CRR at 4.75%) unchanged in line with consensus expectations. However, in a surprise move RBI reduced statutory liquidity ratio (SLR) of banks by 1% of their net demand and time liabilities in order to encourage flow of bank credit to productive sectors of the economy. The RBI has revised downwards its 2012-13 GDP growth projection from 7.3% to 6.5% on account of uneven monsoon conditions, weak industrial activity and global slowdown. The central bank has also raised its WPI estimate for March 2013 from 6.5% to 7% on account of recent trends in food inflation and global commodity prices. In its guidance RBI has stated that it will stand ready to act as the multiple constraints to growth are addressed. Source for various data points: Bloomberg & publicly available data. Intouchmutually July 2012 3

Tigers earn tourist dollars for India W ildlife tourism has emerged as big business in India though it may not yet match the scale of its counterpart in some of the African countries bringing great benefit to the local economies of especially those states in which India s Tiger Reserves are located. Tiger tourism draws millions of visitors a year to the remote areas where most reserves are, and the money these visitors spend in a variety of ways, benefits the Indian economy as well as the people living in and around these reserves. India has 39 Tiger Reserves, of which Kaziranga in Assam; Bandipur and Nagarhole in Karnataka; Bandhavgarh, Kanha and Pench in Madhya Pradesh; Ranthambhore in Rajasthan, Mudumalai in Tamil Nadu and Corbett in Uttarakhand have very high levels of tourism. The total area of these reserves is 51,928 sq km. India has 1,706 tigers, and the total area of forests occupied by them is 81,881 sq km. The Bandipur and Nagarhole Tiger Reserves, for example, get around 75,000 visitors a year each. Corbett Tiger Reserve, India s first national park, attracts as many as 200,000 tourists a year. Tiger tourism is the primary economic activity in the remote areas where most reserves are located. According to tourist industry statistics, 18 of India s 39 tiger reserves with significant tiger populations attract 2 million visitors a year, 90 per cent of them domestic tourists. Last year receipts from entry fees for tourists and vehicles totalled ` 7 crore in Corbett, Bandipur and Nagarhole each. These funds go into Tiger Conservation Funds, set up in most parks, and are used to facilitate initiatives for involving the local people in conservation. It is estimated that an individual tigress earns $110 million over her lifetime (20-26 years). The figure is based on direct revenues from tourism around the parks and lodges accommodation, food, park fees, photo and film fees, etc. It does not include indirect revenues money spent on vehicles, trains, planes, hotels, etc., that visitors use to get to their destination, or books and films made which can substantially increase this figure. Conservationists say that tourism acts as a check on poaching, by bringing to light illegal activities inside a park. So there is both a monetary and a conservation benefit from tourism. One conservationist, who has been a member of the Supreme Court s central empowered committee (on environmental affairs), argues, Well-managed and sensible tourism is no threat to tigers. Other conservationists argue that tourists help to exert pressure when there is poaching. One thing that they lament, however, is the tourist s obsession with tigers, with hardly anyone interested in the wealth of flora and other fauna to be seen in Indian forests. Secondly, they also fear that the pressure of large numbers of vehicles harms the ecology and disturbs wildlife. As many as 800 tourists a day enter Ranthambhore Tiger Reserve during the tourist season. Conservationists say there is an urgent need to regulate the number of vehicles to, say, one for every 5 km of road length. Many of these issues will be resolved once the ministry of environment s Guidelines for Ecotourism in and around Protected Areas, recently submitted to the Supreme Court, come into effect. The guidelines mandate a local conservation cess as a percentage of turnover on all privately run tourist facilities within 5 km of a protected area, and say that they must generate at least 50 per cent of their energy and fuel requirements from environmentfriendly energy sources. There are also strict rules for noise levels in hotels and the number of cars allowed in a park, beside a code of conduct for tourists, which includes dressing in colours that blend with the natural environment. Clearly, wildlife tourism is going to be placed on a more sustainable foundation, which can only lead to long-term benefits for all stakeholders tourists, the wildlife, and people living on or close to tiger reserves. B S REPORTER This article is issued in general investor interest. Please refer Page No. 47 for disclaimer 4 July 2012 Intouchmutually

Features of our select schemes Nature of Scheme HDFC Growth Fund Open-ended Growth Scheme HDFC Equity Fund Open-ended Growth Scheme HDFC Top 200 Fund Open-ended Growth Scheme HDFC Capital Builder Fund Open-ended Growth Scheme HDFC Core & Satellite Open-ended Growth Scheme HDFC Premier Multi-Cap Fund Open-ended Growth Scheme HDFC Mid-Cap Opportunities Fund Open-ended Equity Scheme Investment Objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. To achieve capital appreciation. To generate long To achieve capital term capital appreciation in the appreciation from a long term. portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index. To generate capital To generate capital appreciation through appreciation in the equity investment in long term through companies whose equity investments shares are quoting by investing in a at prices below their diversified portfolio true value. of Mid Cap & Large Cap blue chip companies. To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies Fund Manager Srinivas Rao Ravuri (since Apr 3, 06)# Prashant Jain (since Jun 19, 03)*# Prashant Jain (since Jun19, 03)*# Chirag Setalvad (since April 2, 07) & Miten Lathia (since May 10, 12)# Vinay Kulkarni (since Nov 21, 06)# Vinay Kulkarni (since Nov 21, 06)# Chirag Setalvad (Since June 25, 07) # Inception Date (Date of Allotment) September 11, 2000 January 1, 1995 October 11, 1996 February 1, 1994 September 17, 2004 April 6, 2005 June 25, 2007 Entry / Sales Load Exit Load Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. Investment Plan / Options Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend Growth & Dividend The Dividend Option offers Dividend Payout and Reinvestment facility. Growth & Dividend Growth and Dividend Minimum Application Amount (Under each Plan) Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Lock-in Period Net Asset Value () Redemption Proceeds Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 * Date of migration from Zurich India Mutual Fund # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. Intouchmutually July 2012 5

Features of our select schemes HDFC Long Term Equity Fund Open-ended Equity Scheme HDFC Infrastructure Fund HDFC Arbitrage Fund HDFC Index Fund Nature of Scheme Open-ended Equity Scheme Open ended Equity Fund Open-ended Index Linked Scheme Investment Objective To achieve long-term capital appreciation To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of infrastructure To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments. Nifty Plan : To generate returns that are commensurate with the performance of the Nifty, subject to tracking errors. SENSEX Plan : To generate returns that are commensurate with the performance of the SENSEX, subject to tracking errors. SENSEX Plus Plan : To invest 80 to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX. Fund Manager Srinivas Rao Ravuri (Since February 10, 06) # Prashant Jain and Srinivas Rao Ravuri (Since March 10, 08) # Anil Bamboli (since Oct 23, 07)# Vinay Kulkarni (since Dec 29, 06) Inception Date (Date of Allotment) February 10, 2006 March 10, 2008 October 23, 2007 July 17, 2002 Entry / Sales Load Exit Load Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Retail Plan & Wholesale Plan In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if units are redeemed / switched-out within 6 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 6 months year from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment. No Load shall be levied on bonus units. Investment Plan / Options Minimum Application Amount (Under each Plan) Growth and Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Wholesale Plan and Retail Plan Both Plan offers Growth and Dividend Option. Dividend Option offers Quarterly Dividend Option with Payout and Reinvestment Facility. Wholesale Plan: Purchase / Additional Purchase : `1 Crore and any amount thereafter. Retail Plan: Purchase / Additional Purchase: `5,000 and any amount thereafter. Nifty Plan, SENSEX Plan and SENSEX Plus Plan At present, each Plan offers Growth Option only. Purchase : ` 5,000 and any amount thereafter. $ Additional Purchase : ` 1,000 and any amount thereafter. $ Lock-in Period Net Asset Value () Redemption Proceeds Normally despatched within 3-4 Business days Normally despatched within 3-4 Business days Normally despatched within 3-4 Business days. Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. $ All applications for purchase of units including additional purchases for an amount of ` 5 Lakhs and above will be accepted with payment mode only as Real Time Gross Settlement (RTGS) /National Electronic Funds Transfer (NEFT)/Funds Transfer Letter/ Transfer Cheque of a bank where the Scheme has a collection account. Any application for an amount of ` 5 Lakhs and above with payment mode other than the above will be rejected. 6 July 2012 Intouchmutually

Features of our select schemes Nature of Scheme HDFC Balanced Fund Open-ended Balanced Scheme HDFC Prudence Fund Open-ended Balanced Scheme HDFC Children s Gift Fund^@ Open-ended Balanced Scheme HDFC Long Term Advantage Fund Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years HDFC TaxSaver Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years Investment Objective Fund Managers Inception Date (Date of Allotment) To generate capital appreciation along with current income from a combined portfolio of equity & equity-related and debt & money market instruments. Chirag Setalvad (since April 2, 07)# September 11, 2000 To provide periodic returns and capital appreciation over a long period of time from a judicious mix of equity and debt investments with an aim to prevent / minimise any capital erosion. Prashant Jain (since Jun 19, 03)*# February 1, 1994 The primary objective of both the Plans viz. Investment Plan & Savings Plan under the Scheme is to generate long term capital appreciation. Chirag Setalvad (since April 2, 07)# March 2, 2001 To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. Chirag Setalvad (since April 2, 07)# January 2, 2001 To achieve long term growth of capital. Vinay Kulkarni (since Nov 21, 06)# March 31, 1996 Entry / Sales Load Exit Load Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For Units subject to Lock-in Period: NIL For Units not subject to Lock-in Period: 3% if the Units are redeemed / switched-out within one year from the date of allotment; 2% if the Units are redeemed / switched-out between the first and second year of the date of allotment; 1% if Units are redeemed / switched-out between the second and third year of the date of allotment; if the Units are redeemed / switched -out after third year from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. Investment Plan / Options Minimum Application Amount Lock-in Period Net Asset Value () Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Investment Plan (Equity Oriented) Savings Plan (Debt Oriented) If opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from date of allotment, whichever is later. Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility For Purchase & Additional Purchase : ` 500 and in multiples of ` 500 thereafter. 3 years from the date of allotment of the respective Units (including Units allotted under dividend reinvestment) 3 years from the date of allotment of the respective Units (including Units allotted under dividend reinvestment) Redemption Proceeds Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if opted). Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). Normally despatched within 3-4 Business Days (Redemption is subject to completion of Lock-in Period, if applicable). ^ Eligibility (of Unit holder) : Children less than 18 years of age as on the date of investment by the Investor / Applicant are eligible as Unit holders in the Scheme. @ Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of 80 years) of the Unit holder, equivalent to 10 times the cost value of the outstanding Units held by the Unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10 lakhs per Unit holder. The insurance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 * Date of migration from Zurich India Mutual Fund # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. Intouchmutually July 2012 7

Features of our select schemes HDFC MF Monthly Income Plan (HDFC MF MIP) HDFC Multiple Yield Fund HDFC Multiple Yield Fund Plan 2005 HDFC Income Fund Nature of Scheme An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus Open-ended Income Scheme Open-ended Income Scheme Open-ended Income Scheme Investment Objective The primary objective of Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme s assets in equity and equity related instruments. To generate positive returns over medium time frame with low risk of capital loss over medium time frame. To generate positive returns over medium time frame with low risk of capital loss over medium time frame. To optimise returns while maintaining a balance of safety, yield and liquidity. Fund Managers LTP Prashant Jain (Equities) (since Dec 26, 03), Shobhit Mehrotra (Debt) (since Sep 1, 07)#, STP Vinay Kulkarni (Equities) (since Nov 21, 06), Shobhit Mehrotra (Debt) (since Feb 16, 04)# Vinay Kulkarni (Equities), (since Nov 21, 06) Anil Bamboli (Debt) (since Sep 17, 04)# Chirag Setalvad (Equities), (since April 2, 07) Anil Bamboli (Debt) (since Aug 17, 05)# Shobhit Mehrotra (since Sep 1, 07)# Inception Date (Date of Allotment) December 26, 2003 September 17, 2004 August 17, 2005 September 11, 2000 Entry / Sales Load Exit Load Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. For Short-Term Plan (STP) & Long-Term Plan (LTP) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if units are redeemed / switched-out within 15 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 15 months from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. In respect of each purchase / switch-in of Units, an Exit Load of 0.5% is payable if units are redeemed / switched-out within 6 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 6 months from the date of allotment. Investment Plan / Options Minimum Application Amount Lock-in Period Net Asset Value () Redemption Proceeds STP & LTP. Each Plan offers Growth, Monthly Dividend & Quarterly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment facility. STP : Purchase : (Growth & Quarterly Dividend Option) ` 5,000 and any amount thereafter under each Option. (Monthly Dividend Option) ` 25,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. LTP : Purchase : (Growth & Quarterly Dividend Option) ` 5,000 and any amount thereafter under each Option. (Monthly Dividend Option) ` 25,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Normally depatched within 3-4 Business Days. Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Normally depatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. 8 July 2012 Intouchmutually

Features of our select schemes HDFC High Interest Fund (HHIF) HDFC Short Term Plan (STP) HDFC Liquid Fund (HLF) HDFC Cash Management Fund Nature of Scheme Open-ended Income Scheme Open-ended Income Scheme Open-ended Liquid Income Scheme Savings & Call Plan: Open-ended High Liquidity Income Scheme Treasury Advantage Plan: Open-ended Income Scheme Investment Objective To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity. Anil Bamboli (HHIF) (since Feb 16, 04)#, Shobhit Mehrotra STP (since Sep 1, 07)# To generate regular income through To enhance income consistent with a high investment in Debt Securities and Money level of liquidity, through a judicious portfolio Market Instruments. mix comprising of money market and debt instruments. Savings & Call Plan: To generate optimal returns while maintaining safety and high liquidity. Treasury Advantage Plan: To generate regular income through investment in debt securities and money market instruments. Fund Managers Anil Bamboli (since Jan 13, 04)# Shobhit Mehrotra (since Feb 16, 04)# Treasury Advantage Plan Anil Bamboli (since Sep 1, 07)# Call Plan Anil Bamboli (since July 25, 12)#, Savings Plan Anil Bamboli (since July 25, 12)# Inception Date (Date of Allotment) HHIF : April 28, 1997 HHIF-STP : February 6, 2002 February 28, 2002 HLF : October 17, 2000 HLF Premium Plan & HLF Premium Plus Plan : February 24, 2003 Savings & Treasury Advantage Plan (Retail Option): November 18, 1999 Treasury Advantage Plan (Wholesale Option): April 23, 2007 Call Plan : February 6, 2002 Entry / Sales Load Exit Load Investment Plan / Options Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. HHIF : In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if units are redeemed / switched-out within 3 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 3 months from the date of allotment. HHIF - STP : In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if units are redeemed / switched-out within 1 month from the date of allotment. HHIF : Growth, Quarterly, Half Yearly and Yearly Dividend Options. HHIF-STP : Growth & Dividend Option All Dividend Options offer Dividend Payout and Reinvestment facility. In respect of each purchase / switch-in of Units, an Exit Load of 0.75% is payable if units are redeemed / switched-out within 9 months from the date of allotment. No Exit Load is payable if Units areredeemed / switched-out after 9 months from the date of allotment. Growth & Dividend (Dividend Option offers Payout and Reinvestment facility). No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. HLF & HLF Premium Plan: Each Plan offers Growth & Dividend Option. HLF The Dividend Option offers Daily Dividend Option (Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). HLF Premium Plan The Dividend Option offers Daily Dividend Option (with Reinvestment facility only) and Weekly Dividend Option (with Payout and Reinvestment facility). HLF - Premium Plus Plan offers Growth Option Savings, Treasury Advantage & Call Plan : Savings Plan & Call Plan : Growth Option & Daily Dividend Option (with Reinvestment facility only). Savings Plan also offers Weekly Dividend Option (with Payout and Reinvestment facility). Treasury Advantage Plan : (Retail and Wholesale Option) Growth and Dividend Option. Dividend Option offers Daily Dividend Option with Reinvestment facility only and Weekly and Monthly Dividend Option with Payout and Reinvestment facility. Minimum Application Amount (Under each Plan) Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. HLF : Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter. HLF Premium Plan (Purchase) : ` 1,00,00,000 and any amount thereafter. HLF Premium Plus Plan (Purchase) : ` 20,00,00,000 and any amount thereafter. HLF Premium Plan & HLF Premium Plus Plan (Additional Purchase) : ` 1 and and any amount thereafter. Savings Plan & Call Plan : Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter. Treasury Advantage Plan Retail Option Growth, Weekly and Monthly Dividend Option : Purchase ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000 and any amount thereafter. Daily Dividend Option : Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter. Treasury Advantage Plan Wholesale Option Purchase : ` 1 Crore and any amount thereafter. Additional Purchase : ` 1 and any amount thereafter. Lock-in Period All Year Round Net Asset Value () Savings & Call Plan: All Year Round Treasury Advantage Plan: Redemption Proceeds Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 1 Business Day. Savings & Call Plan : Normally despatched within 1 Business Day. Treasury Advantage Plan: Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. Intouchmutually July 2012 9

Features of our select schemes Nature of Scheme Investment Objective Fund Manager Inception Date (Date of Allotment) HDFC Floating Rate Income Fund Open-ended Income Scheme To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt securities and money market instruments. Shobhit Mehrotra (since Feb 16, 04)# Long Term Plan & Short Term Plan (Retail Option): January 16, 2003 Short Term Plan (Wholesale Option): October 23, 2007 HDFC Gilt Fund Open-ended Income Scheme To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and / or a State Government. Anil Bamboli (since Sep 1, 07) July 25, 2001 Entry / Sales Load Exit Load Investment Plan / Options Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Short Term Plan : Long Term Plan : In respect of each purchase / switch-in of Units, an Exit Load of 2% is payable if units are redeemed / switched-out within 12 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 12 months from the date of allotment. Short Term Plan : For investors who wish to invest for short time period. Long Term Plan : For investors who wish to invest for relatively longer time period. Short Term Plan Wholesale & Retail Option : Growth and Dividend Option. The Dividend Option offers Daily Dividend Option (with Reinvestment facility only) and Weekly and Monthly Dividend Option (with Payout and Reinvestment facility). Long Term Plan : Growth and Weekly Dividend Option (with Reinvestment facility only). Short Term Plan : Long Term Plan : In respect of each purchase / switch - in of units, an exit load of 0.25% is payable if units are redeemed / switched out within 3 months from the date of allotment. No exit load is payable if units are redeemed / switched - out after 3 months from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. Short Term Plan : For investors who wish to invest for short time period. Long Term Plan : For investors who wish to invest for relatively longer time period. Each Plan offers Growth and Dividend Options. The Dividend Option offers Dividend Payout and Reinvestment facility. Minimum Application Amount Lock-in Period Net Asset Value () Redemption Proceeds Short Term Plan Retail Option : (Growth Option, Weekly Dividend Option & Monthly Dividend Option) Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. (Daily Dividend Option) Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter. Short Term Plan Wholesale Option : (Growth Option, Daily Dividend Option, Weekly Dividend Option & Monthly Dividend Option) Purchase : ` 10 lakh and any amount thereafter. Additional Purchase : ` 1 and and any amount thereafter. Long Term Plan : For Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. (Under each Plan / Option) Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. For Tax Benefits / Consequences, Please refer to page 11 # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. 10 July 2012 Intouchmutually

Features of our select schemes Nature of Scheme HDFC Gold Exchange Traded Fund An Open-ended Exchange Traded Fund HDFC Gold Fund An Open-ended Fund of Fund Scheme investing in HDFC Gold Exchange Traded Fund HDFC Medium Term Opportunities Fund Open-ended Income Scheme HDFC Short Term Opportunities Fund Open-ended Income Scheme Investment Objective To generate returns that are in line with the performance of gold, subject to tracking errors. To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund. To generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 60 months. To generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 30 months. Fund Managers Anil Bamboli (since August 13, 10) August 13, 2010 Anil Bamboli (since November 1, 11) November 1, 2011 Shobhit Mehrotra (since June 29, 10) # June 29, 2010 Anil Bamboli (since June 25, 10) # June 25, 2010 Inception Date (Date of Allotment) Entry / Sales Load Exit Load Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI Registered Distributor) based on the investors assessment of various factors including the service rendered by thearn Holder. For Creation Unit Size: No Exit load will be levied on redemptions made by Authorised Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Not Applicable. The Units in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the stock exchange(s) during the trading hours on all trading days. In respect of each purchase / switch-in of units an Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from thedate of allotment. an Exit Load of 1% is payable if Units are redeemed / switched-out after 6 months but within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. In respect of each purchase/switch-in of units, an exit load of 2% is payable if units are redeemed/switched out within 12 months from the date of allotment. In respect of each purchase/switch-in of units, an exit load of 1% is payable if units are redeemed/switched out after 12 months but within 18 months from the date of allotment. No exit load is payable if units are redeemed/switched-out after 18 months from the date of allotment. In respect of each purchase/switch-in of units, an Exit load of 0.25% is payable if units are redeemed/ switched-out within 1 month from the date of allotment. No Exit Load is payable if units are redeemed/ switched-out after 1 month from the date of allotment. Investment Plan / Options Currently, there are no investment Plans / Options being offered under the Scheme. Currently the Scheme offers only Growth Option. Growth & Dividend Option (Dividend Option offers Payout and Reinvestment facility). Growth & Fortnightly Dividend Option (Dividend Option offers Payout and Reinvestment facility). Minimum Application Amount Directly with the Fund Subscription / Redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 1,000 units and in multiples thereafter. $ On the Exchange(s) 1 unit and in multiples of 1 unit thereafter. Purchase: ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000 and any amount thereafter. ^ Purchase: ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000 and any amount thereafter. Lock-in Period Net Asset Value () Redemption Proceeds Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Normally despatched within 3-4 Business Days. Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units. $ For Large Investors, subscriptions shall only be allowed by payment of requisite Cash through RTGS/NEFT or Funds Transfer Letter/ Transfer Cheque of a bank where the Scheme has a collection account. ^ All applications for purchase of units including additional purchases for an amount equal to or more than ` 10 lakhs will be accepted with payment mode only as Real Time Gross Settlement (RTGS) / National Electronic Funds Transfer (NEFT) / Funds Transfer Letter / Transfer Cheque of a bank where the Scheme has a collection account. Any application for an amount of ` 10 lakhs and above with payment mode other than the above will be rejected. # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012.. Tax Benefits / Consequences : Income distributed by the Scheme (s) are free from Income tax in the hands of Investors. The additional income-tax on distribution of income by a money market mutual fund or a liquid fund to an individual / HUF shall be payable by the mutual fund at the rate of 27.038%* and at the rate of 32.445%* to any other investor. The additional income-tax on distribution of income by any other fund to an individual/ HUF shall be payable at the rate of 13.519%* and at the rate of 32.445%* on distribution of income to any other investor. Units of the Scheme(s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities Transaction Tax (STT) at the rate of 0.25% at the time of redemption / switch-out of units of an equity-oriented fund. * including applicable surcharge, education cess and secondary and higher education cess Gift of Units : With effect from 1.10.2009, as per the provisions of section 56(2)(vii) of the Income-tax Act, 1961, certain specified property transferred, without consideration / adequate consideration, exceeding specified limits, are taxable in the hands of the recipient individual / HUF (subject to certain exceptions). The term property includes shares and securities. Units of a mutual fund could fall within the purview of the term securities. As per the Act, property would refer to capital assets only. Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his / her own professional tax advisor. Fund Manager Total Experience Fund Manager Total Experience Prashant Jain Over 21 years Shobhit Mehrotra Over 19 years Vinay Kulkarni Over 23 years Anil Bamboli Over 17 years Srinivas Rao Ravuri Over 17 years Miten Lathia Over 12 years Chirag Setalvad Over 16 years Rakesh Vyas Over 8 years Intouchmutually July 2012 11

HDFC Growth Fund An open-ended growth scheme Growth Option 82.856 Dividend Option 26.474 HDFC Equity Fund An open-ended growth scheme Growth Option 255.127 Dividend Option 39.174 Company Industry + % to EQUITY & EQUITY RELATED Infosys Ltd. Software 7.58 ICICI Bank Ltd. Banks 7.52 ITC Ltd. Consumer Non Durables 6.27 Reliance Industries Ltd. Petroleum Products 6.13 Divi s Laboratories Ltd. Pharmaceuticals 5.83 Bharat Petroleum Corporation Ltd. Petroleum Products 5.79 State Bank of India Banks 5.12 Housing Development Finance Corporation Ltd. $ Finance 4.66 Solar Industries India Ltd. Chemicals 4.16 Jaiprakash Associates Ltd. Construction 3.05 Total of Top Ten Equity & Equity Related Holdings 56.11 Total Equity & Equity Related Holdings 98.35 Cash, Cash Equivalents and Net Current Assets 1.65 Average AUM for the quarter ended June 30, 2012 (` In Lakhs) 118,922.29 Company Industry + % to EQUITY & EQUITY RELATED State Bank of India Banks 8.94 ICICI Bank Ltd. Banks 6.74 ITC Ltd. Consumer Non Durables 5.72 Infosys Ltd. Software 4.52 Tata Motors Ltd. DVR Auto 3.84 Larsen & Toubro Ltd. Construction Project 3.75 Oil & Natural Gas Corporation Ltd. Oil 3.29 Zee Entertainment Enterprises Ltd. Media & Entertainment 3.06 Tata Steel Ltd. Ferrous Metals 2.73 Bharat Petroleum Corporation Ltd. Petroleum Products 2.59 Total of Top Ten Equity & Equity Related Holdings 45.18 Total Equity & Equity Related Holdings 99.01 Cash margin / Earmarked cash for Futures & Options 0.28 Other Cash, Cash Equivalents and Net Current Assets 0.71 Average AUM for the quarter ended June 30, 2012 (` In Lakhs) 971,817.36 Portfolio Turnover Ratio (Last 1 Year) 32.59% + Industry Classification as recommended by AMFI $ Sponsor Portfolio Turnover Ratio (Last 1 Year) 31.26% + Industry Classification as recommended by AMFI Total outstanding position (as at July 31,2012) in Derivative Instruments (Short Bharti Airtel Ltd. NSE Stock Futures Aug 2012) (Gross Notional) ` 904.05 lakhs, (Long ICICI Bank Ltd. NSE Stock Futures Aug 2012) (Gross Notional) ` 1,932.30 lakhs, (Short Titan Industries Ltd. NSE Stock Futures Aug 2012) (Gross Notional) ` 1,113.50 lakhs Industry Allocation of Equity Holding (% of Net Assets) Banks 15.12 Textiles - Synthetic 2.52 Petroleum Products 11.91 Gas 2.13 Software 9.77 Power 1.74 Pharmaceuticals 9.59 Auto Ancillaries 1.64 Consumer Non Durables 6.27 Ferrous Metals 1.51 Chemicals 5.72 Transportation 1.47 Industrial Capital Goods 4.78 Cement 1.09 Finance 4.66 Minerals/Mining 0.98 Oil 4.43 Consumer Durables 0.85 Construction 4.36 Media & Entertainment 0.76 Telecom - Services 3.64 Paper 0.63 Auto 2.60 Construction Project 0.18 Industry Allocation of Equity Holding (% of Net Assets) Banks 20.66 Construction 2.57 Software 9.29 Telecom - Services 2.40 Consumer Non Durables 9.22 Auto Ancillaries 2.33 Petroleum Products 6.42 Non - Ferrous Metals 1.95 Oil 5.16 Power 1.86 Finance 5.00 Consumer Durables 1.84 Pharmaceuticals 4.35 Gas 1.78 Construction Project 4.30 Minerals/Mining 1.48 Media & Entertainment 3.96 Industrial Products 1.34 Industrial Capital Goods 3.90 Transportation 1.22 Auto 3.84 Textile Products 1.13 Ferrous Metals 2.95 Textiles - Synthetic 0.06 Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended July 31, 2012) 5.00% 0.8500 0.04 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.00% (364-day Treasury Bill yield on 31-07-12) Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended July 31, 2012) 5.40% 0.9570 0.04 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.00% (364-day Treasury Bill yield on 31-07-12) Data is as of July 31, 2012 unless otherwise specified. 12 July 2012 Intouchmutually

HDFC Top 200 Fund An open-ended growth scheme HDFC Capital Builder Fund An open-ended growth scheme Growth Option 196.916 Dividend Option 38.650 Growth Option 104.513 Dividend Option 20.257 Company Industry + % to EQUITY & EQUITY RELATED State Bank of India Banks 8.24 ICICI Bank Ltd. Banks 6.70 ITC Ltd. Consumer Non Durables 6.15 Infosys Ltd. Software 5.15 Larsen & Toubro Ltd. Construction Project 4.04 Tata Motors Ltd. DVR Auto 3.62 HDFC Bank Ltd. Banks 3.25 Reliance Industries Ltd. Petroleum Products 2.79 Bharti Airtel Ltd. Telecom - Services 2.77 Tata Consultancy Services Ltd. Software 2.70 Total of Top Ten Equity & Equity Related Holdings 45.41 Total Equity & Equity Related Holdings 99.24 Cash margin / Earmarked cash for Futures & Options 0.20 Other Cash, Cash Equivalents and Net Current Assets 0.56 Average AUM for the quarter ended June 30, 2012 (` In Lakhs) 1,118,981.68 Company Industry + / Rating % to EQUITY & EQUITY RELATED ITC Ltd. Consumer Non Durables 5.59 Reliance Industries Ltd. Petroleum Products 5.47 State Bank of India Banks 4.99 Infosys Ltd. Software 4.82 ICICI Bank Ltd. Banks 4.79 Bank of Baroda Banks 4.26 IPCA Laboratories Ltd. Pharmaceuticals 4.05 Tata Consultancy Services Ltd. Software 4.04 Oil India Ltd. Oil 3.22 Bharat Petroleum Corporation Ltd. Petroleum Products 3.15 Total of Top Ten Equity & Equity Related Holdings 44.38 Total Equity & Equity Related Holdings 98.39 CREDIT EXPOSURE Britannia Industries Ltd. CRISIL - AAA 0.25 Total Credit Exposure 0.25 Cash, Cash Equivalents and Net Current Assets 1.36 Average AUM for the quarter ended June 30, 2012 (` In Lakhs) 46,182.73 Portfolio Turnover Ratio (Last 1 Year) 20.78% + Industry Classification as recommended by AMFI Total outstanding position (as at July 31,2012) in Derivative Instruments Long ICICI Bank Ltd. NSE Stock Futures Aug 2012 (Gross Notional) ` 2,898.45 lakhs Portfolio Turnover Ratio (Last 1 Year) 18.02% + Industry Classification as recommended by AMFI Industry Allocation of Equity Holding (% of Net Assets) Banks 25.72 Media & Entertainment 2.40 Consumer Non Durables 10.18 Power 2.24 Software 9.07 Industrial Capital Goods 2.19 Pharmaceuticals 6.44 Non - Ferrous Metals 2.17 Petroleum Products 6.16 Minerals/Mining 1.90 Oil 5.17 Construction 1.88 Finance 4.59 Gas 1.73 Construction Project 4.36 Transportation 1.16 Ferrous Metals 3.65 Consumer Durables 0.89 Auto 3.62 Cement 0.88 Telecom - Services 2.77 Auto Ancillaries 0.07 Industry Allocation of Equity Holding (% of Net Assets) Banks 21.49 Software 14.40 Consumer Non Durables 11.70 Pharmaceuticals 9.42 Petroleum Products 8.62 Chemicals 5.62 Auto 4.27 Oil 3.22 Auto Ancillaries 3.19 Media & Entertainment 2.92 Telecom - Services 2.79 Industrial Capital Goods 2.77 Construction Project 2.37 Consumer Durables 2.02 Industrial Products 1.41 Finance 1.27 Power 0.91 Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended July 31, 2012) 5.30% 0.9440-0.00 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.00% (364-day Treasury Bill yield on 31-07-12) Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended July 31, 2012) 4.70% 0.8170 0.04 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.00% (364-day Treasury Bill yield on 31-07-12) Data is as of July 31, 2012 unless otherwise specified. Intouchmutually July 2012 13