April 2017
CONTENTS page no. MARKET REVIEW... 3 HDFC Growth Fund... 4 HDFC Equity Fund... 5 HDFC Top 200 Fund... 6 HDFC Capital Builder Fund... 7 HDFC Core & Satellite Fund... 8 HDFC Premier Multi-Cap Fund... 9 HDFC Large Cap Fund... 10 HDFC Mid-Cap Opportunities Fund... 11 HDFC Small Cap Fund... 12 HDFC Long Term Advantage Fund... 13 HDFC TaxSaver... 14 HDFC Infrastructure Fund... 15 HDFC Arbitrage Fund... 16 HDFC Index Fund - Sensex Plan... 17 HDFC Index Fund - NIFTY Plan... 18 HDFC Index Fund - Sensex Plus Plan... 19 HDFC Sensex ETF... 20 HDFC NIFTY ETF... 21 HDFC Balanced Fund... 22 HDFC Prudence Fund... 23 HDFC Children s Gift Fund - Investment Plan... 24 HDFC Children s Gift Fund - Savings Plan... 25 HDFC RETIREMENT SAVINGS FUND - Equity plan... 26 HDFC RETIREMENT SAVINGS FUND - hybrid Equity plan... 27 HDFC RETIREMENT SAVINGS FUND - hybrid debt plan... 28 HDFC MF Monthly Income Plan - Short Term Plan... 29 HDFC MF Monthly Income Plan - Long Term Plan... 30 HDFC EQUITY SAVINGS Fund... 31 HDFC Multiple Yield Fund - Plan 2005... 32 HDFC Income Fund... 33 HDFC High Interest Fund - Dynamic Plan... 34 HDFC High Interest Fund - Short Term Plan... 35 HDFC REGULAR SAVINGS FUND... 36 HDFC Short Term Opportunities Fund... 37 HDFC Medium Term Opportunities Fund... 38 HDFC Gilt Fund - SHORT Term Plan... 39 HDFC Gilt Fund - Long Term Plan... 40 HDFC Floating Rate Income Fund - Short Term Plan... 41 HDFC Floating Rate Income Fund - Long Term Plan... 42 HDFC Liquid Fund... 43 HDFC Cash Management Fund - Savings Plan... 44 HDFC Cash Management Fund - Treasury Advantage Plan... 45 HDFC Corporate Debt Opportunities Fund... 46 HDFC BANKING AND PSU DEBT Fund... 47 Performance details of schemes managed by respective fund Managers... 48 Scheme Performance Summary - Regular Plans... 49-60 Scheme Performance Summary - Direct Plans... 61-76 GLOSSARY... 77 HOW TO READ FACTSHEET... 77 Dividend History... 78-80 Disclaimer... 80 2 April 2017 Intouch mutually
Market Review Equity Market update Debt Market update Indian equity markets started on a positive note in FY18 and were up ~1% in April. Global equity markets barring UK and China also fared well. The table below gives the details of performance of key domestic and global indices. % Change in Indices CY 2016 1M CY2017 YTD S&P BSE India Bankex 7.3 3.7 22.1 S&P BSE India Capital Goods (3.3) 8.6 30.7 S&P BSE India FMCG 3.3 1.5 15.8 S&P BSE India Healthcare (12.9) (1.9) 2.0 S&P BSE India Metal 36.7 (4.2) 11.8 S&P BSE India Oil & Gas 27.2 6.6 19.0 S&P BSE India IT (8.0) (7.2) (5.5) S&P BSE Sensex 1.9 1.0 12.4 NIFTY 50 3.0 1.4 13.7 NIFTY Free Float Midcap 100 7.1 5.2 26.0 % Change in Indices CY 2016 1M CY2017 YTD Dow Jones Industrial Average 13.4 1.3 6.0 NASDAQ 7.5 2.3 12.3 FTSE 14.4 (1.6) 0.9 DAX 6.9 1.0 8.3 CAC 4.9 2.8 8.3 Nikkei 0.4 1.5 0.4 Hang Seng 0.4 2.1 11.9 KOSPI 3.3 2.1 8.8 Shanghai (12.3) (2.1) 1.6 MSCI Emerging Market Index 8.6 2.0 13.4 During the month performance of key commodities was weak. Steel prices were down 9%. INR has appreciated ~7% vs US$ from bottom of 68.8 in November 2016 to 64.2 in April 2017. This has been a result of higher FDI (Foreign Direct Investment) then CAD (Current Account Deficit). FY12 FY13 FY14 FY15 FY16 FY17E Net FDI CAD (% to GDP) (3.1) (3.7) (0.6) 0.2 0.7 1.1 FII s bought Indian equities worth $0.4bn in April after an inflow of $4.7bn during March. Among DIIs, Mutual Funds led the buying with ~$1.5bn of net buying in April. Inflows in domestic Equity mutual funds in FY17 were ~Rs 60,000 crores. Amongst the results declared so far FMCG and IT earnings were below expectations, while banks delivered results upto or better than expectations. Equity market have lagged nominal GDP growth for several years now. With a sharp fall in interest rates, improving growth outlook and signs of improving corporate profitability the outlook for equity market is positive. Any volatility in Indian equities induced by global events at a time when the Indian economy is improving on nearly all parameters will be a good opportunity for the discerning investor. In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested. The yield on the 10-year benchmark (6.97% GoI 2026) ended the month of April at 6.96% up by 27 bps over the previous month end. The yield on 10-year AAA Corporate Bond ended the month at 7.77% as against 7.65% at the end of March 2017. Thus, corporate bond spreads during the month decreased to 69 bps as against 85 bps in the previous month. Liquidity conditions continued to remain positive during the month of April 2017. As against ~Rs. 445,834 crs of average liquidity absorbed by RBI during the month of March 2017 through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs.413,236 crs of liquidity was absorbed by RBI during the month of April 2017. RBI announced issuance of T-bills under MSS of Rs.100,000 crs, of which Rs.50,000 crs was issued in April and remaining Rs.50,000 crs is scheduled to be issued in May. 15 days CMB was also issued during April to the tune of Rs.20,000 crs. The overnight rate ended lower at 6.17% as against 7.73% as at end of March 2017. INR closed at 64.2462 versus the USD in April as against 64.85 in March 2017. The net FII investment in equities & debt was an inflow of ~US$ 3.51 billion in Apr 2017. FII s purchased close to US$ 4.16 billion in Indian debt and equity markets between Nov 16 to Apr 17 while were net buyers of ~USD 7.6 bn during FY17. The annual rate of retail inflation, CPI increased to 3.8% YoY in March 2017, marginally up from 3.7% in February 2017. The rise was largely on account of food inflation, which also increased marginally to 2.5% in March 2017 from 2.4% in February 2017. Core CPI also increased up to 4.9% in March 2017 from 4.8% in February 2017. Core inflation has been in the range of 4.5-5.0 % over the last one year now. Outlook During the month RBI published minutes of its 6th April policy meeting wherein members expressed concern about the stickiness of core inflation and were also of the view that the recent disinflationary effects due to demonetization will be transient. Given the uncertainty driven by outcome of monsoon, roll out of GST and global factors such as US interest rates, RBI is likely to remain in a prolonged pause mode in our opinion. In such a scenario yields are likely to remain range bound. Source for various data points: RBI Website, Bloomberg, Reuters and HDFC AMC Research. Intouch mutually April 2017 3
HDFC Growth Fund (An open-ended growth scheme) investment objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. Fund Manager Srinivas Rao Ravuri (since April 3, 06) Total Experience: Over 22 years Inception Date (Date of Allotment) September 11, 2000 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 163.545 Regular Plan - Dividend Option 30.343 Direct Plan - Growth Option 167.308 Direct Plan - Dividend Option 31.229 As on April 30, 2017 1,083.97 Average for Month of April 30, 2017 1,073.49 quantitative data Portfolio Turnover Ratio (Last 1 year) 33.67% Risk Ratio Standard Deviation 4.672% Beta 1.092 Sharpe Ratio* 0.202 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Total Expense Ratio Regular 2.27% Direct 1.62% BENCHMARK INDEX S&P BSE SENSEX Entry Load Exit Load In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. PlanS Options Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Company Industry + % to EQUITY & EQUITY RELATED HDFC Bank Ltd. Banks 9.50 State Bank of India Banks 7.28 ICICI Bank Ltd. Banks 5.91 Larsen & Toubro Ltd. Construction Project 5.63 Reliance Industries Ltd. Petroleum Products 5.27 ITC Ltd. Consumer Non Durables 5.26 Infosys Ltd. Software 5.04 Vedanta Ltd. Non - Ferrous Metals 3.35 Maruti Suzuki India Ltd. Auto 3.01 Power Grid Corporation of India Ltd. Power 2.59 Total of Top Ten Holdings 52.84 Total Equity & Equity Related 94.32 Net Current Assets 5.68 Since Inception Banks 26.39 Auto 7.44 Software 6.03 Construction Project 5.63 Petroleum Products 5.27 Consumer Non Durables 5.26 Power 4.67 Non - Ferrous Metals 4.52 Pharmaceuticals 3.82 Construction 3.70 Telecom - Services 2.47 Transportation 2.44 Oil 2.32 Minerals/Mining 2.07 Ferrous Metals 1.81 Telecom - Equipment & Accessories 1.68 Gas 1.66 Cement 1.62 Chemicals 1.62 Finance 1.42 Industrial Capital Goods 1.36 Consumer Durables 0.92 Retailing 0.20 0 5 10 15 20 25 30 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2,000.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 12,388.93 8,280.64 2,395.77 892.47 445.61 136.37 (Annualised) 19.39 18.39 13.27 15.94 14.44 26.74 (Annualised) # 13.50 13.11 9.24 10.25 7.17 16.09 Addl. Ret. (Annualised) ## 13.47 13.18 9.86 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # S&P BSE Sensex ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # Industry Allocation of Equity Holding (% of Net Assets) ## Scheme (`) # Apr 29, 16 Last 1 Year 27.39 16.84 18.53 12,731 11,679 11,847 Apr 30, 14 Last 3 Years 17.52 10.11 11.60 16,224 13,346 13,894 Apr 30, 12 Last 5 Years 14.35 11.56 12.14 19,546 17,275 17,728 Sep 11, 00 Since Inception 18.29 11.77 11.79 163,545 63,702 63,886 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # S&P BSE Sensex ## NIFTY 50 Index. For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 62. Minimum Application Amount Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Redemption Proceeds Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. 4 April 2017 Intouch mutually
HDFC Equity Fund (An open-ended growth scheme) To achieve capital appreciation. l Fund Manager Prashant Jain (since June 19, 03) Total Experience: Over 26 years January 1, 1995 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 562.745 Regular Plan - Dividend Option 52.836 Direct Plan - Growth Option 581.595 Direct Plan - Dividend Option 55.096 assets UNDER MANAGEMENT (`) IN CRORE As on April 30, 2017 18,585.56 Average for Month of April 30, 2017 18,209.69 Portfolio Turnover Ratio (Last 1 year) 24.47% Risk Ratio Standard Deviation 5.361% Beta 1.187 Sharpe Ratio* 0.191 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Company Industry + % to Equity & Equity Related State Bank of India Banks 9.54 ICICI Bank Ltd. Banks 8.46 Larsen & Toubro Ltd. Construction Project 8.32 Infosys Ltd. Software 5.82 HDFC Bank Ltd. Banks 5.04 Maruti Suzuki India Ltd. Auto 4.81 Reliance Industries Ltd. Petroleum Products 4.63 Balkrishna Industries Ltd. Auto Ancillaries 3.15 CESC Ltd. Power 3.07 Bank of Baroda Banks 2.95 Total of Top Ten Holdings 55.79 Total Equity & Equity Related Holdings 99.95 Cash margin/ Earmarked cash for Futures & Options 0.02 Net Current Assets 0.03 Industry Allocation of Equity Holding (% of Net Assets) Banks 29.78 Construction Project 9.44 Software 9.25 Auto 7.99 Power 7.50 Petroleum Products 5.39 Industrial Capital Goods 5.32 Auto Ancillaries 3.15 Finance 2.88 Pharmaceuticals 2.69 Ferrous Metals 2.44 Cement 2.20 Transportation 2.14 Media And Entertainment 1.91 Pesticides 1.76 RETAILING 1.25 Gas 1.24 Non - Ferrous Metals 0.92 Consumer Durables 0.78 Chemicals 0.71 Construction 0.69 Industrial Products 0.52 0 5 10 15 20 25 30 Regular 2.05% Direct 1.20% NIFTY 500 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2,680.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 61,051.52 10,049.61 2,700.57 935.57 444.58 138.21 (Annualised) 23.24 20.58 15.51 17.87 14.28 29.86 (Annualised) # 13.65 14.38 11.56 15.01 12.87 25.09 Addl. Ret. (Annualised) ## 12.31 13.18 9.86 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # ## Scheme (`) # Apr 29, 16 Last 1 Year 31.22 24.68 18.53 13,112 12,460 11,847 Apr 30, 14 Last 3 Years 18.22 16.07 11.60 16,513 15,629 13,894 Apr 30, 12 Last 5 Years 16.75 14.48 12.14 21,685 19,659 17,728 Jan 01, 95 Since Inception 19.77 9.89 N.A. 562,745 82,143 N.A. Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # NIFTY 500 Index ## NIFTY 50 Index. N.A. Not Available. For performance of other schemes managed by Prashant Jain, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of medium to large sized companies. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. Intouch mutually April 2017 5
HDFC Top 200 Fund (An open-ended growth scheme) To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the Scheme may also invest in listed companies that would qualify to be in the top 200 by market capitalisation on the BSE even though they may not be listed on the BSE. This includes participation in large IPOs where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation. l Fund Manager Prashant Jain (since June 19, 03) Total Experience: Over 26 years October 11, 1996 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 413.607 Regular Plan - Dividend Option 51.466 Direct Plan - Growth Option 425.047 Direct Plan - Dividend Option 53.253 As on April 30, 2017 14,312.04 Average for Month of April 30, 2017 14,097.51 Portfolio Turnover Ratio (Last 1 year) 29.98% Risk Ratio Standard Deviation 5.080% Beta 1.159 Sharpe Ratio* 0.185 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.05% Direct 1.37% S&P BSE 200 In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03 Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Company Industry + % to Equity & Equity Related HDFC Bank Ltd. Banks 7.69 Larsen & Toubro Ltd. Construction Project 6.64 State Bank of India Banks 6.57 ICICI Bank Ltd. Banks 6.05 Reliance Industries Ltd. Petroleum Products 4.88 Infosys Ltd. Software 4.34 ITC Ltd. Consumer Non Durables 4.20 Maruti Suzuki India Ltd. Auto 2.95 Housing Development Finance Corporation Ltd. Finance 2.78 CESC Ltd. Power 2.71 Total of Top Ten Holdings 48.81 Total Equity & Equity Related Holdings 98.77 Cash margin/ Earmarked cash for Futures & Options 0.05 Net Current Assets 1.18 Co-sponsor Industry Allocation of Equity Holding (% of Net Assets) Banks 32.23 Software 8.90 Construction Project 6.64 Power 6.32 Petroleum Products 6.22 Auto 5.99 Finance 5.51 Consumer Non Durables 4.20 Industrial Capital Goods 3.75 Pharmaceuticals 3.52 Ferrous Metals 2.60 Cement 2.10 Non - Ferrous Metals 1.87 Gas 1.40 Transportation 1.32 Pesticides 1.32 Telecom - Services 1.27 Media And Entertainment 1.13 Oil 1.01 Retailing 0.99 Chemicals 0.48 0 5 10 15 20 25 30 35 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2,470.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) $$ 32,077.10 9,654.10 2,550.79 908.75 444.24 137.81 (Annualised) $$ 21.15 20.13 14.45 16.68 14.22 29.19 (Annualised) # 14.13 14.21 11.15 13.99 11.76 22.64 Addl. Ret. (Annualised) ## 12.59 13.11 9.24 10.25 7.17 16.09 Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE SENSEX. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. $$ # ## Scheme (`) $$ # Apr 29, 16 Last 1 Year 30.24 22.92 16.84 13,015 12,285 11,679 Apr 30, 14 Last 3 Years 17.23 14.97 10.11 16,104 15,189 13,346 Apr 30, 12 Last 5 Years 15.74 13.83 11.56 20,764 19,108 17,275 Oct 11, 96 Since Inception 21.01 13.30 11.55 504,314 130,218 94,663 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # S&P BSE 200 ## S&P BSE SENSEX. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing (ex-dividend ). For performance of other schemes managed by Prashant Jain, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Capital appreciation over long term. Investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the S&P BSE 200 Index. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. 6 April 2017 Intouch mutually
HDFC Capital Builder Fund (An open-ended growth scheme) This is a simple and performing scheme which is eligible for distribution by new cadre of distributors. To achieve capital appreciation in the long term. l Fund Manager Miten Lathia (since Mar 20, 17) Total Experience: Over 20 years (The scheme was co-managed by Chirag Setalvad & Miten Lathia till March 19, 17) February 1, 1994 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 253.600 Regular Plan - Dividend Option 27.655 Direct Plan - Growth Option 261.549 Direct Plan - Dividend Option 28.808 As on April 30, 2017 1,565.75 Average for Month of April 30, 2017 1,537.19 Portfolio Turnover Ratio (Last 1 year) 37.90% Risk Ratio Standard Deviation 4.749% Beta 1.088 Sharpe Ratio* 0.251 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.45% Direct 1.36% NIFTY 500 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Company Industry + % to Equity & Equity Related HDFC Bank Ltd. Banks 7.76 Reliance Industries Ltd. Petroleum Products 3.96 Axis Bank Ltd. Banks 3.89 State Bank of India Banks 3.70 ICICI Bank Ltd. Banks 3.56 GAIL (India) Ltd. Gas 3.51 Tata Motors Ltd. Auto 3.23 Infosys Ltd. Software 2.93 Vedanta Ltd. Non - Ferrous Metals 2.86 VIP Industries Ltd. Consumer Durables 2.67 Total of Top Ten Holdings 38.07 Total Equity & Equity Related Holdings 93.98 Net Current Assets 6.02 Banks 26.40 Software 7.29 Pharmaceuticals 6.11 Construction 5.58 Petroleum Products 5.35 Construction Project 5.33 Consumer Durables 5.03 Media And Entertainment 3.86 Consumer Non Durables 3.74 Gas 3.51 Auto 3.23 Non - Ferrous Metals 2.86 Telecom - Equipment & Accessories 2.28 Telecom - Services 2.22 Transportation 2.18 Chemicals 1.79 Power 1.67 Hotels, Resorts & Other Recreational Activities 1.63 Auto Ancillaries 1.10 Retailing 1.06 Industrial Products 0.94 Industrial Capital Goods 0.82 0 5 10 15 20 25 30 Since Inception 15 year 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 2,790.00 1,800.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 37,627.22 9,798.63 2,872.06 991.75 460.96 138.55 (Annualised) 18.77 20.29 16.66 20.27 16.83 30.45 (Annualised) # 13.18 14.38 11.56 15.01 12.87 25.09 Addl. Ret. (Annualised) ## 11.95 13.18 9.86 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # Industry Allocation of Equity Holding (% of Net Assets) ## Scheme (`) # Apr 29, 16 Last 1 Year 28.17 24.68 18.53 12,808 12,460 11,847 Apr 30, 14 Last 3 Years 20.96 16.07 11.60 17,689 15,629 13,894 Apr 30, 12 Last 5 Years 19.34 14.48 12.14 24,193 19,659 17,728 Feb 01, 94 Since Inception 14.92 9.19 9.09 253,600 77,289 75,647 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. #NIFTY 500 Index ##NIFTY 50 Index. For performance of other schemes managed by Miten Lathia, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 75. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of strong companies. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. Intouch mutually April 2017 7
HDFC Core & Satellite Fund (An open-ended growth scheme) To generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value. l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 26 years September 17, 2004 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 74.192 Regular Plan - Dividend Option 19.853 Direct Plan - Growth Option 76.745 Direct Plan - Dividend Option 20.981 As on April 30, 2017 624.14 Average for Month of April 30, 2017 612.03 Portfolio Turnover Ratio (Last 1 year) 23.80% Risk Ratio Standard Deviation 5.980% Beta 1.266 Sharpe Ratio* 0.201 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.55% Direct 1.31% S&P BSE 200 In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Normally despatched within 3-4 Business Days. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Company Industry + % to Equity & Equity Related Larsen & Toubro Ltd. Construction Project 7.35 Bharat Petroleum Corporation Ltd. Petroleum Products 6.54 Bharat Electronics Ltd. Industrial Capital Goods 6.40 Cipla Ltd. Pharmaceuticals 5.47 ICICI Bank Ltd. Banks 5.06 Tata Motors Ltd. DVR Auto 4.97 NHPC Ltd. Power 4.76 Maruti Suzuki India Ltd. Auto 4.70 State Bank of India Banks 4.65 CESC Ltd. Power 4.54 Total of Top Ten Holdings 54.44 Total Equity & Equity Related Holdings 91.33 Credit Exposure Au Small Finance Bank Ltd. FITCH - A+ 0.65 Total Credit Exposure 0.65 Net Current Assets 8.02 Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1,520.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 3,923.27 2,481.50 946.29 451.92 138.69 (Annualised) 14.02 13.93 18.34 15.43 30.69 (Annualised) # 11.70 11.15 13.99 11.76 22.64 Addl. Ret. (Annualised) ## 10.41 9.24 10.25 7.17 16.09 Past performance may or may not be sustained in the future. # S&P BSE 200 ## S&P BSE Sensex. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # Capital appreciation over long term. Investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their true value. Industry Allocation of Equity Holding (% of Net Assets) Industrial Capital Goods 17.67 Construction Project 11.91 Power 11.51 Banks 9.71 Auto 9.67 Petroleum Products 6.54 Pharmaceuticals 5.47 Commercial Services 3.73 Software 3.43 Auto Ancillaries 2.82 Healthcare Services 2.30 Finance 1.98 Construction 1.84 Transportation 1.41 Media And Entertainment 1.34 0 2 4 6 8 10 12 14 16 18 20 ## Scheme (`) # Apr 29, 16 Last 1 Year 30.25 22.92 16.84 13,015 12,285 11,679 Apr 30, 14 Last 3 Years 20.26 14.97 10.11 17,382 15,189 13,346 Apr 30, 12 Last 5 Years 15.35 13.83 11.56 20,414 19,108 17,275 Sep 17, 04 Since Inception 17.21 14.68 14.26 74,192 56,335 53,799 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # S&P BSE 200 ## S&P BSE Sensex. For performance of other schemes managed by Vinay Kulkarni, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. 8 April 2017 Intouch mutually
HDFC Premier Multi-cap Fund (An open-ended growth scheme) To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap blue chip companies. l Fund Manager Vinay Kulkarni (since November 21, 06) Total Experience: Over 26 years April 6, 2005 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 51.180 Regular Plan - Dividend Option 14.128 Direct Plan - Growth Option 52.479 Direct Plan - Dividend Option 14.593 As on April 30, 2017 312.87 Average for Month of April 30, 2017 307.51 Portfolio Turnover Ratio (Last 1 year) 6.15% Risk Ratio Standard Deviation 5.860% Beta 1.262 Sharpe Ratio* 0.178 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.57% Direct 1.97% NIFTY 500 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Company Industry + % to Equity & Equity Related State Bank of India Banks 9.08 ICICI Bank Ltd. Banks 6.72 Tata Motors Ltd. DVR Auto 5.32 Bank of Baroda Banks 5.30 Punjab National Bank Banks 4.86 KEC International Ltd. Construction Project 4.69 Bharat Petroleum Corporation Ltd. Petroleum Products 4.62 Infosys Ltd. Software 4.41 Hindustan Construction Company Ltd. Construction Project 4.40 Bharat Electronics Ltd. Industrial Capital Goods 4.38 Total of Top Ten Holdings 53.78 Total Equity & Equity Related Holdings 94.67 Net Current Assets 5.33 Hotels, Resorts & Other Recreational Activities 1.76 Telecom - Equipment & Accessories 0.97 0 5 10 15 20 25 30 35 Since Inception 10 year 5 year 3 year 1 year Total Amount Invested (` 000) 1,450.00 1,200.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 3,238.75 2,334.60 904.66 439.13 138.98 (Annualised) 12.57 12.79 16.49 13.41 31.19 (Annualised) # 11.48 11.56 15.01 12.87 25.09 Addl. Ret. (Annualised) ## 10.37 9.86 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # NIFTY 500 Index ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # Industry Allocation of Equity Holding (% of Net Assets) ## Banks Construction Project Industrial Capital Goods Auto Construction Petroleum Products Software Consumer Durables Ferrous Metals Pharmaceuticals Power 5.81 4.62 4.41 3.78 3.75 2.85 2.62 13.12 10.56 9.49 30.93 Scheme (`) # Apr 29, 16 Last 1 Year 30.92 24.68 18.53 13,083 12,460 11,847 Apr 30, 14 Last 3 Years 18.04 16.07 11.60 16,438 15,629 13,894 Apr 30, 12 Last 5 Years 13.94 14.48 12.14 19,196 19,659 17,728 Apr 06, 05 Since Inception 14.49 13.37 13.26 51,180 45,458 44,962 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # NIFTY 500 Index ## NIFTY 50 Index. For performance of other schemes managed by Vinay Kulkarni, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 38.21% Mid Cap 56.44% Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Mid Cap and Large Cap blue chip companies. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. Intouch mutually April 2017 9
HDFC Large Cap Fund (An open-ended equity scheme) To provide long-term capital appreciation by investing predominantly in large cap companies. l Fund Manager Vinay Kulkarni (since June 27, 14) Total Experience: Over 26 years February 18, 1994 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 100.757 Regular Plan - Dividend Option 21.150 Direct Plan - Growth Option 101.587 Direct Plan - Dividend Option 23.847 As on April 30, 2017 1,262.27 Average for Month of April 30, 2017 1,246.84 Portfolio Turnover Ratio (Last 1 year) 14.69% Risk Ratio Standard Deviation 4.165% Beta 0.978 Sharpe Ratio* 0.116 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.20% Direct 2.10% NIFTY 50 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Company Industry + % to Equity & Equity Related HDFC Bank Ltd. Banks 9.80 Reliance Industries Ltd. Petroleum Products 9.23 State Bank of India Banks 9.17 Larsen & Toubro Ltd. Construction Project 8.99 ICICI Bank Ltd. Banks 8.58 Bharat Petroleum Corporation Ltd. Petroleum Products 7.34 ITC Ltd. Consumer Non Durables 6.99 Axis Bank Ltd. Banks 6.66 Tata Motors Ltd. DVR Auto 5.16 Maruti Suzuki India Ltd. Auto 5.07 Total of Top Ten Holdings 76.99 Total Equity & Equity Related Holdings 99.88 Net Current Assets 0.12 Investment in Foreign Securities (` in Crore) 34.90 Industry Allocation of Equity Holding (% of Net Assets) Petroleum Products Construction Project Software Consumer Non Durables Cement Transportation 1.16 Gas 0.94 Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) 1,080.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) $$ 1,767.09 800.85 417.91 134.17 (Annualised) $$ 10.63 11.53 9.99 23.05 (Annualised) # 10.66 11.37 8.75 18.01 Addl. Ret. (Annualised) ## 10.01 10.25 7.17 16.09 Past performance may or may not be sustained in the future. # NIFTY 50 Index ## S&P BSE Sensex. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. $$ # ## Banks Auto Power Oil 3.37 2.64 1.60 Scheme (`) $$ 8.99 7.39 6.99 12.90 17.24 36.66 0 5 10 15 20 25 30 35 40 # Apr 29, 16 Last 1 Year 21.67 18.53 16.84 12,160 11,847 11,679 Apr 30, 14 Last 3 Years 11.52 11.60 10.11 13,867 13,894 13,346 Apr 30, 12 Last 5 Years 12.54 12.14 11.56 18,049 17,728 17,275 Feb 18, 94 Since Inception 11.04 9.10 9.16 113,654 75,510 76,419 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # NIFTY 50 Index ## S&P BSE Sensex. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing. For performance of other schemes managed by Vinay Kulkarni, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Normally despatched within 3-4 Business Days. Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment in equity and equity related instruments of Large Cap companies. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. 10 April 2017 Intouch mutually
HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme) 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. l Fund Manager Chirag Setalvad (since June 25, 07) Total Experience: Over 17 years June 25, 2007 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 51.877 Regular Plan - Dividend Option 31.807 Direct Plan - Growth Option 53.653 Direct Plan - Dividend Option 37.205 As on April 30, 2017 16,684.82 Average for Month of April 30, 2017 16,189.04 Portfolio Turnover Ratio (Last 1 year) 21.93% Risk Ratio Standard Deviation 4.726% Beta 0.904 Sharpe Ratio* 0.384 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Company Industry + % to Equity & Equity Related Tube Investments of India Ltd. Auto Ancillaries 3.13 Yes Bank Ltd. Banks 2.50 Voltas Ltd. Construction Project 2.38 UPL Ltd. Pesticides 2.31 Sundram Fasteners Ltd. Auto Ancillaries 2.26 Indusind Bank Ltd. Banks 2.26 Balkrishna Industries Ltd. Auto Ancillaries 2.21 Aurobindo Pharma Ltd. Pharmaceuticals 1.97 Blue Star Ltd. Consumer Durables 1.97 MRF Ltd. Auto Ancillaries 1.94 Total of Top Ten Holdings 22.93 Total Equity & Equity Related Holdings 94.78 Net Current Assets 5.22 Industry Allocation of Equity Holding (% of Net Assets) Banks 17.36 Auto Ancillaries 11.08 Industrial Products 10.15 Pharmaceuticals 6.77 Consumer Durables 6.69 Finance 5.64 Software 4.67 Media And Entertainment 3.98 Chemicals 3.97 Construction Project 3.55 Industrial Capital Goods 3.50 Pesticides 3.22 Hotels, Resorts & Other Recreational Activities 2.21 Transportation 1.93 Consumer Non Durables 1.90 Retailing 1.54 Gas 1.33 Trading 1.31 Construction 1.26 Petroleum Products 1.22 Textiles - Cotton 0.97 Oil 0.53 0 2 4 6 8 101214161820 Regular 2.27% Direct 1.31% NIFTY Free Float Midcap 100 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) 1,190.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 4,022.55 1,206.63 507.23 142.79 (Annualised) 23.28 28.46 23.72 37.73 (Annualised) # 16.30 23.47 22.58 40.84 Addl. Ret. (Annualised) ## 9.90 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # ## Scheme (`) # Apr 29, 16 Last 1 Year 39.03 37.07 18.53 13,890 13,695 11,847 Apr 30, 14 Last 3 Years 30.22 27.25 11.60 22,065 20,591 13,894 Apr 30, 12 Last 5 Years 25.84 19.35 12.14 31,538 24,209 17,728 Jun 25, 07 Since Inception 18.19 12.19 8.26 51,877 31,039 21,844 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # NIFTY Free Float Midcap 100 Index ## NIFTY 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Large Cap 1.53% Mid Cap 93.22% Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small and Mid Cap companies. Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. Intouch mutually April 2017 11
HDFC Small Cap Fund (An open-ended equity scheme) To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies. l Fund Manager Chirag Setalvad (since June 27, 14) Total Experience: Over 17 years April 3, 2008 (as on April 28, 2017) per Unit (`) Regular Plan - Growth Option 35.942 Regular Plan - Dividend Option 23.474 Direct Plan - Growth Option 37.465 Direct Plan - Dividend Option 24.810 As on April 30, 2017 1,073.69 Average for Month of April 30, 2017 1,030.26 Portfolio Turnover Ratio (Last 1 year) 28.02% Risk Ratio Standard Deviation 4.633% Beta 0.543 Sharpe Ratio* 0.326 Computed for the 3-yr period ended April 30, 2017. Based on month-end. * Risk free rate: 6.18% (Source: FIMMDA MIBOR) Regular 2.49% Direct 1.31% NIFTY Free Float Smallcap 100 Index In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switchedout within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switchedout after 1 year from the date of allotment. For further details, please refer to para Exit Load on Pg 48. l PlanS Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facility. Purchase : ` 5,000 and any amount thereafter. Purchase : ` 1,000 and any amount thereafter. Company Industry + % to Equity & Equity Related Aarti Industries Ltd. Chemicals 3.88 Carborundum Universal Ltd. Industrial Products 3.76 Tube Investments of India Ltd. Auto Ancillaries 3.53 Balkrishna Industries Ltd. Auto Ancillaries 3.28 KEC International Ltd. Construction Project 3.19 Apar Industries Limited Industrial Capital Goods 3.17 Oriental Carbon & Chemicals Ltd. Chemicals 3.15 City Union Bank Ltd. Banks 3.10 PNC Infratech Ltd. Construction 2.85 Dilip Buildcon Ltd. Construction 2.70 Total of Top Ten Holdings 32.61 Total Equity & Equity Related Holdings 93.68 Cash margin/ Earmarked cash for Futures & Options 0.05 Net Current Assets 6.27 Industrial Products 12.37 Auto Ancillaries 12.09 Banks 9.98 Construction Project 7.90 Chemicals 7.03 Consumer Durables 6.79 Construction 5.55 Industrial Capital Goods 4.96 Software 3.77 Media And Entertainment 3.06 Pharmaceuticals 2.70 Auto 2.52 Power 2.30 Textiles - Synthetic 2.06 Trading 2.03 Hotels, Resorts & Other Recreational Activities 1.72 Textiles - Cotton 1.69 Transportation 1.57 Pesticides 1.43 Finance 0.91 Cement 0.91 Consumer Non Durables 0.25 Textile Products 0.09 0 2 4 6 8 10 12 14 Since Inception 5 year 3 year 1 year Total Amount Invested (` 000) 1,090.00 600.00 360.00 120.00 Mkt Value as on April 28, 2017 (` 000) 2,690.62 1,072.52 500.07 144.79 (Annualised) 19.12 23.52 22.68 41.23 (Annualised) # 15.60 22.36 21.26 45.88 Addl. Ret. (Annualised) ## 10.60 11.37 8.75 18.01 Past performance may or may not be sustained in the future. # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. # Industry Allocation of Equity Holding (% of Net Assets) ## Scheme (`) # Apr 29, 16 Last 1 Year 38.41 43.10 18.53 13,829 14,296 11,847 Apr 30, 14 Last 3 Years 25.66 23.71 11.60 19,828 18,923 13,894 Apr 30, 12 Last 5 Years 21.66 16.67 12.14 26,643 21,608 17,728 Apr 03, 08 Since Inception 15.14 8.04 7.64 35,942 20,169 19,499 Past performance may or may not be sustained in the future. greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance. # NIFTY Free Float Smallcap 100 Index ## NIFTY 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 48. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 61. Normally despatched within 3-4 Business Days. l Segment-wise break-up of equity holding (% of net assets) Mid Cap 2.70% Small Cap 91.02% Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14) Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas (Total Experience: Over 10 years). Capital appreciation over long term. Investment predominantly in equity and equity related instruments of Small-Cap and Mid-Cap companies. Investors understand that their principal will be at moderately high risk Face Value per Unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of April 30, 2017 unless otherwise specified. 12 April 2017 Intouch mutually