Vol. No. 10 Issue No. 5 November 2012

Vol. No. 10 Issue No. 5 November 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 November 2012 Intouchmutually

Market Review - November 2012 Equity market update Equity markets performed well this month with the Sensex and Nifty up 4.5% each. The broader market performed similarly as midcaps kept pace and the CNX Midcap Index rose 4.9%. Banking and FMCG indices outperformed while Oil & Gas and Metal indices were laggards. India outperformed both regional and emerging markets. The MSCI Emerging Markets Index was up just 1.2%. The Hang Seng and Kospi were up 1-2% while the Jakarta and Shanghai Composite were down. On the domestic macro economic front there were some signs of stability. India s 2Q FY 13 GDP growth of 5.3% was in line with expectations while the PMI Index number came in better than expected. October s WPI Inflation of 7.45% was a bit below expectation. However, news on fiscal front was not encouraging as the results of the telecom spectrum auction were disappointing. November saw the beginning of the much-awaited winter session of parliament, which will start by discussing the proposed FDI in retail. Hopefully, this issue will not deadlock proceedings. On the corporate front, 2Q FY 13 results have been in line with expectations. The BSE-30 Index s adjusted net profit increased 6.8% YoY but excluding energy stocks was up 21%. US markets were driven largely by news flow on the approaching fiscal cliff. Till date an agreement has not been reached. Debate continues on how best to reduce the budget deficit, with strong differences on what combination of spending cuts and higher taxes is appropriate. In the month of November, the Dow was down 0.5% while the NASDAQ was up 1.1% and the European markets fared better with the Dax, CAC and FTSE 100 up 2.0%, 3.7% and 1.5% respectively. On the commodity front, post a correction in the previous month, metal prices jumped up in November. While Aluminium and Zinc were up about 11% each, Lead was up almost 9% while Brent Crude rose 2.4%. The Sensex now trades at a PE of 14x one-year forward earnings and is moderately below its longterm average valuation. Current interest rates seem close to peak levels. A potential reduction in rates leaves room for an expansion in multiples apart from an improvement in earnings growth prospects. Over the medium to long term, returns are likely to be driven largely by earnings growth with some prospects for an improvement in valuations. Source for various data points: Bloomberg & publicly available data. Debt market update During the month of November 2012, the yield on 10-year Government benchmark bond ended lower at 8.18% as against 8.22% in October 2012. The average LAF during the month was negative ` 93,389 crs as compared to negative ` 67,566 crs in October 2012. The NSE overnight MIBOR ended at 8.09% marginally lower than the rate seen in end October (8.10%). The annual rate of inflation, based on monthly WPI, stood at 7.45% (Provisional) for the month of October 2012 as compared to 7.81% (Provisional) for the previous month and 9.87% during the corresponding month of the previous year. The INR depreciated to 54.27 against the US dollar as compared to 53.81 at the end of previous month, a fall of 0.8% for the month. The net FII investments in equities & debt was an inflow of USD 1805.41 million in November 2012 as compared to an inflow of USD 3646.41 million in October 2012. The industrial production (IIP) data for the month of September 2012 showed a contraction of 0.4% over the previous year as against consensus expectations of 2.9% increase. On a cumulative basis the 1HFY13 industrial output was up by only 0.2% as against 5.1% growth in the same period last year. India s 2Q FY 13 GDP growth came in at 5.3% over the previous year in line with consensus expectations but lower than 5.5% growth seen in the previous quarter. Growth was led by some improvement in services sector, which was up 7.2% versus 6.9% growth in the previous quarter. Both Industry and agriculture sectors growth moderated to 2.8% and 1.2% respectively, as against 3.6% and 2.9% growth seen in the previous quarter. Source for various data points: Bloomberg & publicly available data. Intouchmutually November 2012 3

Fitness -- the new mantra Time: 6 am. Place: A large park in a city. At one end is a group of middle-aged people practising yoga, while another group huffs and puffs as they walk and jog around the park. Cut to a nearby fitness centre. In the basement, a group of 30 men and women are moving in perfect co-ordination in a high-impact aerobics class under the watchful eye of their instructor. In the gym above, another bunch of fitness freaks are engaged in weight training and working on their abdominal muscles. This is a common scene in most cities across India now. Being fit has never been so popular, or as necessary, as it is today. With millions of people eager to lose weight and get in shape, the fitness training industry is one of the fastest growing industries in India today. The demand for professionals like aerobics instructors, yoga instructors and personal and corporate trainers is sky-rocketing. There was a time when the only people using personal trainers were professional athletes who needed help for injury management or for excelling at their sport. Today, people from all walks of life from celebrities to senior citizens are using personal trainers to help them learn how to exercise, lose weight, maintain all-round fitness and adopt a healthier lifestyle. Middle- and upper-class lifestyles have changed in small but significant ways; for instance, earlier, one used to walk to the local marketplace, now one drives to the mall. So people are now feeling the need to set aside a time for dedicated exercising. Increased consumption of fast food among both affluent and working class population has also led to greater need for healthy lifestyles. Moreover, with growing disposable income, people are aspiring for complete wellness rather than just staying fit. With surging work pressure and stressrelated ailments rampant amongst the middle class, people have realised the value and necessity of being fit and healthy in life. The average urban Indian professional is becoming increasingly health and fitnessconscious. Pune and Bangalore are reported to be fast emerging as India s fitness capitals and can probably boast of the largest number of premium gyms and fitness centres in the country. The age group of 20-44 years can be mainly identified as the prime market for fitness clubs. The proportion of people in the age group of 20-44, which was 37 per cent in 2006 and 39 per cent in 2011, is projected to go up to 40 per cent in 2016. This is an addition of another 42 million in terms of population to this age group between 2011 and 2016, giving an idea of possible market growth. The fitness industry in India has changed a lot in the last 10 years. For many years, it was restricted to yoga and aerobics. Unlike in the US, where gymming is a part of people s everyday life, fitnbess experts say that in India many were not very familiar with the concept of health clubs. However, people are now becoming health conscious and are acknowledging the benefits of gymming and personal training. Going to a gym, at one time seen as a status symbol, is more of a necessity today. Fitness buffs feel a sense of something missing if they neglect to do their daily workout. A healthy and fit life is the product of the right combination of exercise and a good diet. Exercise increases body metabolism and combined with correct diet, one can stay healthy for long. Fitness buffs have found that fitness centres not only cater to their physical exercise needs, but also guide them on how to maintain the right diet, nutrition and weight. The old saying about having a healthy body and a healthy mind was never truer than it is today. B S REPORTER This article is issued in general investor interest. Please refer Page No. 47 for disclaimer 4 November 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 Apr 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 November 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 Feb 10, 06) # Prashant Jain and Srinivas Rao Ravuri (Since Mar 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 / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. 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. 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. * Fresh subscriptions are not accepted under HDFC Arbitrage Fund Wholesale Plan w.e.f. October 1, 2012 6 November 2012 Intouchmutually

Features of our select schemes Nature of Scheme Investment Objective 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 To generate returns that are in To seek capital appreciation by line with the performance of gold, investing in units of HDFC Gold subject to tracking errors. Exchange Traded Fund. HDFC Balanced Fund Open-ended Balanced Scheme To generate capital appreciation along with current income from a combined portfolio of equity & equity-related and debt & money market instruments. HDFC Prudence Fund Open-ended Balanced Scheme 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. HDFC Children s Gift Fund^@ Open-ended Balanced Scheme The primary objective of both the Plans viz. Investment Plan & Savings Plan under the Scheme is to generate long term capital appreciation. Anil Bamboli (since November 1, 11) Chirag Setalvad (since Apr 2, 07)# Prashant Jain (since Jun 19, 03)*# Chirag Setalvad (since Apr 2, 07)# Fund Managers Anil Bamboli (since August 13, 10) Inception Date August 13, 2010 (Date of Allotment) November 1, 2011 September 11, 2000 February 1, 1994 March 2, 2001 Entry / Sales Load Exit Load Investment Plan / Options Minimum Application Amount Lock-in Period 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. Currently, there are no investment Plans / Options being offered under the Scheme. 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. 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 2% is payable if Units are redeemed / switchedout 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. Currently the Scheme offers only Growth Option. 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. Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. 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. 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. 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 (Redemption is subject to completion of Lock-in Period, if opted). ^ 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. $ 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. Intouchmutually November 2012 7

Features of our select schemes Nature of 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 HDFC MF Monthly Income Plan (HDFC MF MIP) An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus HDFC Multiple Yield Fund Open-ended Income Scheme Investment Objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. To achieve long term growth of capital. 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. Fund Managers Chirag Setalvad (since Apr 2, 07)# Vinay Kulkarni (since Nov 21, 06)# 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)# Inception Date (Date of Allotment) January 2, 2001 March 31, 1996 December 26, 2003 September 17, 2004 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 / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. 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% 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. Investment Plan / Options Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility STP & LTP. Each Plan offers Growth, Monthly Dividend & Quarterly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment facility. Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Minimum Application Amount For Purchase & Additional Purchase : ` 500 and in multiples of ` 500 thereafter. 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. Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. Lock-in Period 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) Net Asset Value () Redemption Proceeds 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). Normally despatched within 3-4 Business Days. Normally depatched 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. 8 November 2012 Intouchmutually

Features of our select schemes HDFC Multiple Yield Fund Plan 2005 HDFC Income Fund HDFC High Interest Fund (HHIF) HDFC Short Term Plan (STP) Nature of Scheme Open-ended Income Scheme Open-ended Income Scheme Open-ended Income Scheme Open-ended Income Scheme Investment Objective 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. 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. To generate regular income through investment in Debt Securities and Money Market Instruments. Fund Managers Chirag Setalvad (Equities), (since April 2, 07) Anil Bamboli (Debt) (since Aug 17, 05)# Shobhit Mehrotra (since Sep 1, 07)# Anil Bamboli (HHIF) (since Feb 16, 04)#, Shobhit Mehrotra STP (since Sep 1, 07)# Anil Bamboli (since Jan 13, 04)# Inception Date (Date of Allotment) August 17, 2005 September 11, 2000 HHIF : April 28, 1997 HHIF-STP : February 6, 2002 February 28, 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. 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. 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. Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. HHIF : In respect of each purchase / switchin 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. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. 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). Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Additional Purchase : ` 1,000 and any amount thereafter. (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. Lock-in Period Net Asset Value () Redemption Proceeds Normally depatched 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. Intouchmutually November 2012 9

Features of our select schemes Nature of Scheme Investment Objective Fund Managers Inception Date (Date of Allotment) Entry / Sales Load Exit Load Investment Plan / Options Minimum Application Amount Lock-in Period Net Asset Value () Redemption Proceeds HDFC Short Term Opportunities Fund Open-ended Income Scheme HDFC Medium Term Opportunities Fund Open-ended Income Scheme To generate regular income To generate regular income through through investments in Debt/ investments in Debt/Money Market Money Market Instruments Instruments and Government and Government Securities Securities with maturities not with maturities not exceeding exceeding 60 months. 30 months. Anil Bamboli (since June 25, 10) # June 25, 2010 Shobhit Mehrotra (since June 29, 10) # June 29, 2010 Growth & Fortnightly Dividend Growth & Dividend Option (Dividend Option (Dividend Option offers Option offers Payout and Payout and Reinvestment Reinvestment facility). facility). Normally despatched within 3-4 Business Days. HDFC Liquid Fund (HLF) Open-ended Liquid Income Scheme To enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debt instruments. Shobhit Mehrotra (since Feb 16, 04)# HLF : October 17, 2000 HLF Premium Plan & HLF Premium Plus Plan : February 24, 2003 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 HLF : Purchase ` 10,000 and any amount thereafter; Additional Purchase ` 5,000 and any amount thereafter. All Year Round Normally despatched within 1 Business Day. HDFC Cash Management Fund Savings & Call Plan: Open-ended High Liquidity Income Scheme Treasury Advantage Plan: Open-ended Income Scheme 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. Anil Bamboli# Savings & Call Plan (since Jul 25, 12) Treasury Advantage Plan (since Sep 1, 07) Savings & Treasury Advantage Plan (Retail Option): November 18, 1999 Treasury Advantage Plan (Wholesale Option): April 23, 2007 Call Plan : February 6, 2002 In respect of each In respect of each purchase/ Savings, Treasury Advantage & Call Plan : purchase/switch-in of switch-in of units, an exit load units, an Exit load of of 2% is payable if units are 0.50% is payable if units redeemed/switched out within are redeemed/switchedout 12 months from the date of within 3 months from allotment. the date of allotment. In respect of each purchase/ No Exit Load is payable if switch-in of units, an exit load of units are redeemed/ 1% is payable if units are switched-out after 3 redeemed/switched out after 12 months from the date months but within 18 months of allotment. from the date of allotment. No exit load is payable if units are redeemed/switched-out after 18 months from the date of allotment. No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment. 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. Purchase: ` 5,000 and any amount thereafter. Additional Purchase: ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Savings & 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. Savings & 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. Savings & Call Plan: All Year Round Treasury Advantage Plan: 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. * Fresh subscriptions are not accepted under HDFC Liquid Fund Premium and Premium Plus Plans w.e.f. October 1, 2012 ** Fresh subscriptions are not accepted under HDFC Cash Management Fund Treasury Advantage Plan - Wholesale Option w.e.f. October 1, 2012 10 November 2012 Intouchmutually

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 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. # Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas since May 10, 2012. * Fresh subscriptions are not accepted under HDFC Floating Rate Income Fund Short Term Plan Retail Option w.e.f. October 1, 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 November 2012 11

HDFC Growth Fund An open-ended growth scheme per Unit (`) Growth Option 92.499 Dividend Option 29.555 HDFC Equity Fund An open-ended growth scheme per Unit (`) Growth Option 284.387 Dividend Option 43.667 Company Industry + % to EQUITY & EQUITY RELATED ICICI Bank Ltd. Banks 8.07 Infosys Ltd. Software 7.78 ITC Ltd. Consumer Non Durables 6.80 State Bank of India Banks 6.04 Bharat Petroleum Corporation Ltd. Petroleum Products 5.73 Divi's Laboratories Ltd. Pharmaceuticals 5.52 Housing Development Finance Corporation Ltd. $ Finance 4.02 Solar Industries India Ltd. Chemicals 3.69 Reliance Industries Ltd. Petroleum Products 3.35 Jaiprakash Associates Ltd. Construction 3.14 Total of Top Ten Equity & Equity Related Holdings 54.14 Total Equity & Equity Related Holdings 98.94 Cash, Cash Equivalents and Net Current Assets 1.06 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 122,621.90 Company Industry + % to EQUITY & EQUITY RELATED State Bank of India Banks 8.64 ICICI Bank Ltd. Banks 7.60 ITC Ltd. Consumer Non Durables 5.80 Infosys Ltd. Software 5.39 Tata Motors Ltd. DVR Auto 4.03 Larsen & Toubro Ltd. Construction Project 4.02 Jaiprakash Associates Ltd. Construction 2.92 Bank of Baroda Banks 2.85 Zee Entertainment Enterprises Ltd. Media & Entertainment 2.77 Bharat Petroleum Corporation Ltd. Petroleum Products 2.32 Total of Top Ten Equity & Equity Related Holdings 46.34 Total Equity & Equity Related Holdings 99.67 Cash margin / Earmarked cash for Futures & Options 0.04 Other Cash, Cash Equivalents and Net Current Assets 0.29 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 988,720.75 + Industry Classification as recommended by AMFI $ Sponsor Portfolio Turnover Ratio (Last 1 Year) 25.33% + Industry Classification as recommended by AMFI Portfolio Turnover Ratio (Last 1 Year) 33.16% Industry Allocation of Equity Holding (% of Net Assets) Banks 16.86 Textiles - Synthetic 2.26 Software 10.15 Minerals/Mining 2.21 Pharmaceuticals 10.01 Ferrous Metals 2.18 Petroleum Products 9.08 Gas 2.08 Consumer Non Durables 7.77 Transportation 1.61 Chemicals 5.26 Cement 1.16 Industrial Capital Goods 4.83 Construction Project 1.11 Oil 4.82 Media & Entertainment 0.87 Construction 4.73 Paper 0.73 Finance 4.49 Industrial Products 0.71 Auto 3.07 Power 0.42 Telecom - Services 2.53 Industry Allocation of Equity Holding (% of Net Assets) Banks 22.61 Auto Ancillaries 2.50 Software 10.35 Consumer Durables 1.93 Consumer Non Durables 9.63 Ferrous Metals 1.77 Pharmaceuticals 5.35 Non - Ferrous Metals 1.65 Finance 5.06 Telecom - Services 1.59 Petroleum Products 4.87 Transportation 1.24 Construction Project 4.51 Gas 1.10 Auto 4.03 Minerals/Mining 1.09 Oil 3.92 Textile Products 1.02 Industrial Capital Goods 3.64 Chemicals 0.67 Power 3.54 Cement 0.46 Media & Entertainment 3.53 Industrial Products 0.38 Construction 3.18 Textiles - Synthetic 0.05 Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended November 30, 2012) 4.90% 0.8700 0.05 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended November 30, 2012) 5.40% 0.9730 0.04 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Data is as of November 30, 2012 unless otherwise specified. 12 November 2012 Intouchmutually

HDFC Top 200 Fund An open-ended growth scheme HDFC Capital Builder Fund An open-ended growth scheme per Unit (`) per Unit (`) Growth Option 220.904 Dividend Option 43.359 Growth Option 115.105 Dividend Option 22.311 Company Industry + % to EQUITY & EQUITY RELATED State Bank of India Banks 8.06 ICICI Bank Ltd. Banks 7.42 ITC Ltd. Consumer Non Durables 6.39 Infosys Ltd. Software 5.67 Larsen & Toubro Ltd. Construction Project 4.19 Tata Motors Ltd. DVR Auto 3.99 HDFC Bank Ltd. Banks 3.44 Bank of Baroda Banks 2.72 Tata Consultancy Services Ltd. Software 2.66 Jaiprakash Associates Ltd. Construction 2.38 Total of Top Ten Equity & Equity Related Holdings 46.92 Total Equity & Equity Related Holdings 99.65 Cash, Cash Equivalents and Net Current Assets 0.35 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 1,159,104.51 Company Industry + / Rating % to EQUITY & EQUITY RELATED ITC Ltd. Consumer Non Durables 6.15 Infosys Ltd. Software 5.52 ICICI Bank Ltd. Banks 5.21 State Bank of India Banks 5.14 Bank of Baroda Banks 4.71 IPCA Laboratories Ltd. Pharmaceuticals 3.79 Tata Consultancy Services Ltd. Software 3.65 Pidilite Industries Ltd. Chemicals 3.29 Reliance Industries Ltd. Petroleum Products 3.27 HDFC Bank Ltd. Banks 3.05 Total of Top Ten Equity & Equity Related Holdings 43.78 Total Equity & Equity Related Holdings 94.45 CREDIT EXPOSURE Britannia Industries Ltd. CRISIL - AAA 0.24 Total Credit Exposure 0.24 Cash, Cash Equivalents and Net Current Assets 5.31 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 46,633.75 + Industry Classification as recommended by AMFI Portfolio Turnover Ratio (Last 1 Year) 20.76% + Industry Classification as recommended by AMFI Portfolio Turnover Ratio (Last 1 Year) 24.20% Industry Allocation of Equity Holding (% of Net Assets) Banks 27.91 Consumer Non Durables 11.10 Software 9.64 Pharmaceuticals 5.87 Auto 5.14 Petroleum Products 5.02 Finance 4.72 Construction Project 4.51 Oil 4.38 Power 2.60 Ferrous Metals 2.41 Construction 2.38 Media & Entertainment 2.03 Industrial Capital Goods 1.95 Non - Ferrous Metals 1.94 Telecom - Services 1.66 Cement 1.49 Minerals/Mining 1.43 Gas 1.39 Transportation 1.20 Consumer Durables 0.82 Auto Ancillaries 0.06 Industry Allocation of Equity Holding (% of Net Assets) Banks 23.79 Software 14.57 Consumer Non Durables 12.40 Pharmaceuticals 6.68 Chemicals 6.20 Petroleum Products 6.13 Auto Ancillaries 3.32 Telecom - Services 2.94 Oil 2.81 Construction Project 2.75 Industrial Capital Goods 2.75 Media & Entertainment 2.54 Auto 1.92 Consumer Durables 1.57 Industrial Products 1.56 Finance 1.54 Power 0.98 Std Deviation Beta Sharpe Ratio* Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended November 30, 2012) 5.30% 0.9720 0.04 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Risk Ratio (for the 3-yr period ended November 30, 2012) 4.60% 0.8230 0.05 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Data is as of November 30, 2012 unless otherwise specified. Intouchmutually November 2012 13

HDFC Core & Satellite Fund An open-ended growth scheme HDFC Premier Multi-Cap Fund An open-ended growth scheme per Unit (`) Growth Option 38.545 Dividend Option 17.915 per Unit (`) Growth Option 27.869 Dividend Option 12.713 Company Industry + % to EQUITY & EQUITY RELATED ICICI Bank Ltd. Banks 9.09 State Bank of India Banks 4.97 Infosys Ltd. Software 4.97 Larsen & Toubro Ltd. Construction Project 4.71 Tata Motors Ltd. DVR Auto 4.48 Cairn India Ltd. Oil 4.06 Federal Bank Ltd. Banks 3.78 Tata Consultancy Services Ltd. Software 3.71 Bharat Electronics Ltd. Industrial Capital Goods 3.57 KEC International Ltd. Power 3.37 Total of Top Ten Equity & Equity Related Holdings 46.71 Total Equity & Equity Related Holdings 97.91 Cash, Cash Equivalents and Net Current Assets 2.09 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 30,720.20 Company Industry + % to EQUITY & EQUITY RELATED ICICI Bank Ltd. Banks 9.47 Reliance Industries Ltd. Petroleum Products 6.19 State Bank of India Banks 5.20 Infosys Ltd. Software 4.59 Tata Motors Ltd. DVR Auto 4.52 Bank of Baroda Banks 3.83 KEC International Ltd. Power 3.40 CMC Ltd. Software 3.38 Emami Ltd. Consumer Non Durables 3.37 Tata Consultancy Services Ltd. Software 3.36 Total of Top Ten Equity & Equity Related Holdings 47.31 Total Equity & Equity Related Holdings 98.77 Cash, Cash Equivalents and Net Current Assets 1.23 Average AUM for the quarter ended September 30, 2012 (` In Lakhs) 36,811.03 + Industry Classification as recommended by AMFI Portfolio Turnover Ratio (Last 1 Year) 40.21% + Industry Classification as recommended by AMFI Portfolio Turnover Ratio (Last 1 Year) 65.69% Segment-wise Break-up of Equity Holding (% of Net Assets) Large-Cap 44.90 Mid-Cap 53.87 Industry Allocation of Equity Holding (% of Net Assets) Banks 26.88 Software 8.68 Oil 7.16 Auto 6.71 Power 6.71 Industrial Capital Goods 6.21 Consumer Non Durables 5.32 Construction Project 4.71 Media & Entertainment 3.97 Petroleum Products 3.84 Construction 2.97 Ferrous Metals 2.42 Paper 2.22 Finance 1.81 Minerals/Mining 1.73 Telecom - Services 1.59 Transportation 1.20 Textiles - Synthetic 1.10 Chemicals 1.09 Non - Ferrous Metals 1.02 Consumer Durables 0.57 Industry Allocation of Equity Holding (% of Net Assets) Banks 23.91 Construction 2.59 Software 12.58 Ferrous Metals 2.09 Petroleum Products 9.19 Finance 1.87 Consumer Non Durables 7.72 Telecom - Services 1.81 Media & Entertainment 6.43 Oil 1.72 Gas 5.88 Paper 1.59 Auto 4.52 Transportation 0.97 Minerals/Mining 3.77 Non - Ferrous Metals 0.88 Power 3.40 Fertilisers 0.76 Construction Project 3.14 Auto Ancillaries 0.68 Industrial Capital Goods 2.73 Cement 0.54 Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended November 30, 2012) 4.90% 0.8400-0.01 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Std Deviation Beta Sharpe Ratio* Risk Ratio (for the 3-yr period ended November 30, 2012) 4.80% 0.8320-0.03 Monthly Figure Source : CRISIL Fund Analyser * Risk-free rate assumed to be 8.07% (364-day Treasury Bill yield on 30-11-12) Data is as of November 30, 2012 unless otherwise specified. 14 November 2012 Intouchmutually