FUND REVIEW FEBRUARY 12 M U T U A L F U N D

FUND REVIEW FEBRUARY 12 M U T U A L F U N D

Commentary Equity Debt January was a virtual breather for capital markets. Coming off a 25% drop in indices for 2011 January bounced back with a 14% rally in the NIFTY. The biggest underperformers of 2011 Banking, Metals and Infrastructure (The Investment Cycle) led the transition supported by a strong rupee which was buoyed by large FII portfolio inflows. Our assessment of the situation is not very different from where the year 2011 left off. On the ground the leverage problems in the Infrastructure space is a long way from getting solved. The same holds true for banking who will continue their struggle with leveraged customers. A lot of risks on doing business in India got captured in valuations even in the event of an Investment Cycle slowdown. The current trade is significantly skewed to liquidity this time from the Europe as it finds its way to risk assets equities, commodities and currencies. This by far remains one of the biggest upside to markets this year. For corporate India the opportunity lies in whether these companies can convert this liquidity to deleverage their balance sheets a tall task given the current capitalization of these firms. Our strategy into the end of 2011 was to be relatively light on companies catering to the Investment Cycle. This is unlikely to undergo a change unless we do get reasonable visibility that companies have a mindset of restructuring. Our portfolios are skewed to a consumer cycle and also to a weak currency. The downside to this trade remains a carry trade if liquidity in the west finds its way into emerging market assets The month started on a strong note for bonds, despite excess borrowing of INR 40,000 crores getting announced on the last working day of calendar 2011. Basis strong FII flows into debt and expectation of continued OMOs from RBI, bond yields continued to fall; rallying almost 40 bps into RBI policy review from previous month end close of 8.56%. The RBI's review proved a disappointment, however, with a CRR cut diluting hopes of further OMOs. Yields retraced somewhat on the back of that but the bullish undertone continued on expectation of near term commencement of interest rate cuts from RBI. Indeed, the RBI did not disappoint the bulls and announced further OMOs on the last day of January. Shorter end rates were under pressure for most of the month with 1 year bank CDs almost touching 10% levels yet again. Apart from pressure from usual bank refinancing which is always heavy in the last quarter of the financial year, system liquidity has been extraordinarily tight. While seasonal pressures from rising currency with public anyway impact system liquidity in this part of the year, the situation has been exacerbated this year due to RBI's forex intervention. Global markets were in risk-on mode at the start of the new-year. A much more accommodative European Central Bank (ECB) under new president Draghi as well as generally robust economic data prints from the US contributed to the good feeling. This was reflective in a general rally across equities and commodities globally. The benefit accrued to domestic assets and currency as well. The rupee headed back below 50 with FIIs registering strong inflows into both bonds and equities during January. Equity Markets Index % Change % Change P/E YTD MTD Nifty 5,199.25 12.43% 12.43% 15.03 Sensex 17,193.55 11.25% 11.25% 15.41 Dow Jones 12,632.91 3.40% 3.40% 12.20 Shanghai 2,292.61 4.24% 4.24% 9.52 Nikkie 8,802.51 4.11% 4.11% 18.54 Hang Seng 20,390.49 10.61% 10.61% 10.51 FTSE 5,681.61 1.96% 1.96% 10.24 MSCI E.M. 1,019.39 11.24% 11.24% 10.26 MSCI D.M. 1,240.89 4.93% 4.93% 12.28 MSCI (India) (USD) 672.49 12.52% 12.52% 15.19 Currency & Last Price % Change % Change Commodities YTD MTD USD / INR 49.46 7.30% 5.57% Dollar Index 79.29 1.12% 1.12% Gold 1,737.60 11.12% 11.12% Crude Oil WTI (NYMEX) 98.48-0.35% -0.35% Brent Crude 110.98 3.35% 3.35% Going Forward Despite the CRR cut (and consequent INR 32,000 crores of liquidity infusion) system liquidity will remain deficit in excess of INR 1,00,000 crores. Seasonal leakage due to rise in currency with public is still underway and may lead to further erosion of INR 20,000 crores or more from system liquidity. The effect of the same should be visible by mid February. Also while there is a near term respite in the rupee, further RBI intervention cannot be ruled out which would also impact system liquidity. Finally, the government is running an overdraft from the RBI and hence net government spending is unlikely to significantly contribute to system liquidty. Given these, we fully expect additional OMOs to continue which should provide a fresh trigger for bond yields to fall. Shorter end rates may remain under pressure till March owing to tight liquidity and increased issuance of deposits by banks. Hence, we expect the yield curve to remain inverted till March. However, come April the curve should start to incrementally steepen in a bullish fashion. We expect the RBI to complement OMOs with another CRR cut by mid-march. As of now, we are expecting the first repo rate cut in April. India Macro Ananlysis Latest GDP 6.90 IIP 5.90 Inflation (WPI Monthly) 7.47 Inflation (CPI Monthly) 9.34 Commodity (CRB Index) 500.38 Flows USD Mn FII (USD mln) YTD 2,183.00 MTD 2,183.00 *DII (USD mln) YTD (37.56) MTD (37.56) *Domestic Mutual Funds Source: Bloomberg 03

IDFC Equity Fund Nature: Equity Average AUM (Oct-Dec): `368.97Crores Inception Date: 9 June 2006 Fund Manager: Mr. Kenneth Andrade (Since Inception) About the Fund: IDFC Equity Fund is positioned to mirror the broad sector weightages of the Nifty Index with active stock selection within the sector. The fund will ensure minimum deviation from the sector, and within those sectors the stocks will be actively picked by the fund manager. Current Strategy: The fund is benchmarked to Nifty, mapping its sectors weightages with active stock selection within the sector. Beta (BSE 200) 0.86 R Square (BSE 200) 0.90 Beta (Nifty) 0.91 R Square (Nifty) 0.93 Standard deviation 4.72% Sharpe Ratio -0.81 Portfolio Turnover Ratio Asset allocation: 4.23 Times Equity 91.93 Debt 5.28 Cash 2.79 Derivatives - : S&P CNX Nifty (IDFC - EF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Maruti Suzuki India Ltd 1186.70 3.14 Tata Motors Ltd 975.00 2.58 Mahindra & Mahindra Ltd 673.80 1.78 Auto 2835.50 7.50 ICICI Bank Ltd 2480.91 6.57 HDFC Bank Ltd 1968.40 5.21 State Bank of India 1649.28 4.36 Axis Bank Ltd 752.54 1.99 Kotak Mahindra Bank Ltd 498.35 1.32 Banks 7349.48 19.45 ACC Ltd 596.60 1.58 Grasim Industries Ltd 391.87 1.04 Cement 988.47 2.62 DLF Ltd 378.09 1.00 Construction 378.09 1.00 Larsen & Toubro Ltd 1572.96 4.16 Construction Project 1572.96 4.16 ITC Ltd 2039.50 5.40 Hindustan Unilever Ltd 1231.59 3.26 Consumer Non Durables 3271.09 8.66 Jindal Steel & Power Ltd 948.06 2.51 Tata Steel Ltd 563.50 1.49 Ferrous Metals 1511.56 4.00 HDFC Ltd 1919.09 5.08 Finance 1919.09 5.08 Coal India Ltd 899.80 2.38 Minerals/Mining 899.80 2.38 Cairn India Ltd 636.09 1.68 Oil 636.09 1.68 Reliance Industries Ltd 2982.42 7.89 Bharat Petroleum Corporation Ltd 572.15 1.51 Petroleum Products 3554.57 9.41 Market Value % of NAV Sun Pharmaceutical Industries Ltd 822.75 2.18 Cipla Ltd 700.50 1.85 Pharmaceuticals 1523.25 4.03 Power Grid Corporation Ltd 728.70 1.93 Reliance Infrastructure Ltd 535.85 1.42 Power 1264.55 3.35 Infosys Ltd 2224.26 5.89 HCL Technologies Ltd 1312.95 3.47 Tata Consultancy Services Ltd 1132.40 3.00 Wipro Ltd 413.90 1.10 Software 5083.51 13.45 Bharti Airtel Ltd 1188.53 3.15 Telecom - Services 1188.53 3.15 Other Equity 761.91 2.02 Certificate of Deposit 497.09 1.32* Commercial Paper 496.38 1.31* Call 1000.23 2.65* Net Current Asset 1054.17 2.79* Grand Total 37786.31 100.00 Nifty Index 2611.68 6.91 Equity Futures 2611.68 6.91 *Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Plan A Growth 14.9730 Plan A Dividend 11.3059 Plan B Growth 12.3512 Plan B Dividend 10.3320 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 13.3993 # ^ # ## Jun 09, 2006 (Since Inception) 10.0000 5.40% 8.98% 8.51% 13,399 16,133 15,754 Dec 31, 2010 To Dec 30, 2011 17.4782-23.34% -24.62% -24.64% Dec 31, 2009 To Dec 31, 2010 14.7471 18.52% 17.95% 17.43% NA Dec 31, 2008 To Dec 31, 2009 8.4732 74.04% 75.76% 81.03% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty, ## BSE Sensex 04

IDFC Imperial Equity Fund Nature: Equity Average AUM (Oct-Dec): `338.31 Crores Inception Date: 16 March 2006 Fund Manager: Mr. Tridib Pathak (Since April 26, 2010) About the fund: Imperial Equity Fund is a diversified large cap biased fund offering an attractive investment solution as it focuses on well managed growth companies that are available at reasonable value with proven track records and strong brands. The portfolio construction has revolved around selecting well established and capital efficient companies, predominantly the top 75-80 companies. Current Strategy: We continue being invested in sectors and more importantly stocks which have better visibility of growth, cash flows and capital efficiency. This strategy should continue to allow us to take advantage of markets without timing the market direction. Our stock selection is geared around companies with earnings growth visibility of over two years, companies with free cash flows and not dependent on capital raising in the current high interest rate scenario and lastly companies having a sustainable ROE. As of now, with around 32 stocks in the portfolio, close to 70% exposure is towards Nifty stocks. Beta 0.87 R Square 0.94 Standard deviation 7.62% Sharpe Ratio -0.53 Portfolio Turnover Ratio Asset allocation: 2.00 Times Equity 93.26 Debt 7.76 Cash -1.02 Derivatives - : S&P CNX Nifty (IDFC - IEF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Bajaj Auto Ltd 1175.82 3.65 Mahindra & Mahindra Ltd 1067.97 3.31 Hero Motocorp Ltd 819.30 2.54 Auto 3063.09 9.50 ICICI Bank Ltd 2262.28 7.02 ICICI Bank Ltd (Futures) 472.99 1.47 Axis Bank Ltd 1374.69 4.27 HDFC Bank Ltd 1345.02 4.17 State Bank of India 763.02 2.37 State Bank of India (Futures) 761.61 2.36 Jammu & Kashmir Bank Ltd 414.75 1.29 Banks 7394.36 22.95 ACC Ltd 662.23 2.05 Cement 662.23 2.05 Titan Industries Ltd 1269.72 3.94 ITC Ltd 688.98 2.14 Consumer Non Durables 1958.70 6.08 HDFC Ltd 1549.23 4.81 Finance 1549.23 4.81 Indraprastha Gas Ltd 427.97 1.33 Gas 427.97 1.33 Zee Entertainment Enterprises Ltd 1016.81 3.16 Media & Entertainment 1016.81 3.16 Coal India Ltd 919.97 2.85 Minerals/Mining 919.97 2.85 Hindustan Zinc Ltd 913.28 2.83 Non - Ferrous Metals 913.28 2.83 Oil & Natural Gas Corporation Ltd 1110.99 3.45 Oil India Ltd 696.52 2.16 Oil 1807.51 5.61 Reliance Industries Ltd 1274.10 3.95 Bharat Petroleum Corporation Ltd 323.02 1.00 Petroleum Products 1597.12 4.96 Dr. Reddy's Laboratories Ltd 1346.75 4.18 Market Value % of NAV Cipla Ltd 1151.46 3.57 Lupin Ltd 694.06 2.15 Torrent Pharmaceuticals Ltd 609.54 1.89 Pharmaceuticals 3801.81 11.80 Tata Consultancy Services Ltd 1574.15 4.88 HCL Technologies Ltd 1159.65 3.60 Wipro Ltd 960.25 2.98 Infosys Ltd 922.49 2.86 Software 4616.53 14.33 Bharti Airtel Ltd 1255.08 3.89 Telecom - Services 1255.08 3.89 Other Equity 304.76 0.95 Call 938.05 2.91* Grand Total 32226.48 100.00 *Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Plan A Growth 17.8619 Plan A Dividend 11.7173 Plan B Growth 15.3935 Plan B Dividend 11.7655 Rating & Ranking Value Research Ranking Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. Morning Star Rating Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 16.4303 # ^ # ## Mar 16, 2006 (Since Inception) 10.0000 8.95% 6.41% 6.25% 16,430 14,332 14,207 Dec 31, 2010 To Dec 30, 2011 20.6858-20.57% -24.62% -24.64% Dec 31, 2009 To Dec 31, 2010 17.7610 16.47% 17.95% 17.43% NA Dec 31, 2008 To Dec 31, 2009 10.6418 66.90% 75.76% 81.03% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty, ## BSE Sensex 05

IDFC Sterling Equity Fund Nature: Equity Average AUM (Oct-Dec): `1078.44 Crores Inception Date: 7 March 2008 Fund Manager: Mr. Kenneth Andrade (Since Inception) About the fund: IDFC SEF actively builds a portfolio of companies with proven business model and little environmental risk. It is investing in relatively medium sized businesses which would eventually end up either transitioning into business leaders or operate in environments that are small but rapidly transitioning into core industries. At points in time when environments are stressed, rather than tier down to smaller companies we prefer to buy the leaders in the space and then tier down once we have a confirmation that the business cycle has stabilized. This reduces the volatility of the portfolio and at times enhances the return profile. The focus is on identifying structural changes in the environment and align companies based on how their valuations stack up within their respective industries. The portfolio is built up of companies that are market leaders and are consolidators in their space. Companies that are cash positive and not just EPS positive. Companies that are financially solvent preferably debt free and are in a position to deploy cash when asset prices are low. Current Strategy: The portfolio is currently weighed on business with a loyal consumer franchise. This is a part of the market we tend to believe is the least stressed in an environment which is challenging for growth. Most of the business in the portfolio are tend to dominant the space they operate in and have a growth rate higher than their peers in the business. Some of them are consolidating a stressed industrial environment while many of the above are investing into higher capacities to anticipate future growth. None of these businesses are in any tearing need for external capital. Beta 0.72 R Square 0.90 Standard deviation 4.20% Sharpe Ratio -0.93 Portfolio Turnover Ratio 2.80 Times Asset allocation: Equity 92.28 Debt 7.61 Cash 0.11 Derivatives - : CNX Midcap (IDFC - SEF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Eicher Motors Ltd 2793.76 2.56 Auto 2793.76 2.56 Apollo Tyres Ltd 3839.85 3.51 Auto Ancillaries 3839.85 3.51 Nestle India Ltd 5358.54 4.90 VST Industries Ltd 4507.04 4.12 Consumer Non Durables 9865.58 9.03 M&M Financial Services Ltd 5805.53 5.31 LIC Housing Finance Ltd 4347.32 3.98 Bajaj Finance Ltd 3721.39 3.41 Finance 13874.24 12.70 ABB Ltd 3265.20 2.99 Industrial Capital Goods 3265.20 2.99 Cummins India Ltd 2980.94 2.73 Industrial Products 2980.94 2.73 Eros International Media Ltd 3010.71 2.76 Media & Entertainment 3010.71 2.76 Castrol India Ltd 4179.03 3.82 Petroleum Products 4179.03 3.82 Strides Arcolab Ltd 3674.30 3.36 Pharmaceuticals 3674.30 3.36 Hexaware Technologies Ltd 4661.25 4.27 Software 4661.25 4.27 Idea Cellular Ltd 3814.00 3.49 Telecom - Services 3814.00 3.49 Vardhman Textiles Ltd 4118.37 3.77 Textiles - Cotton 4118.37 3.77 Market Value % of NAV Top 15 Equity 60077.22 54.98 Other Equity 40766.76 37.31 Corporate Bond 196.08 0.18 Certificate of Deposit 1321.50 1.21 Call 6796.90 6.22 Net Current Asset 117.88 0.11 Grand Total 109276.36 100.00 Growth 16.7499 Dividend 12.4764 Rating & Ranking Morning Star Rating Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 14.9759 # ^ # ## Mar 07, 2008 (Since Inception) 10.0000 11.16% -1.61% -0.82% 14,976 9,401 9,691 Dec 31, 2010 To Dec 30, 2011 19.2884-22.36% -31.00% -24.62% Dec 31, 2009 To Dec 31, 2010 15.2116 26.80% 19.16% 17.95% NA Dec 31, 2008 To Dec 31, 2009 7.4166 105.10% 98.97% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Midcap, ## CNX Nifty 06

IDFC Infrastructure Fund Nature: Equity Average AUM (Oct-Dec): `81.33 Crores Inception Date: 8 March 2011 Fund Manager: Mr. Kenneth Andrade (Since Inception) About the fund: Our infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG, which differentiates the fund and makes it a core infrastructure fund. It is an active diversified portfolio of predominant companies that are participating in and benefitting from the Indian Infrastructure and infrastructural related activities. Current Strategy: The IDFC Infrastructure Fund has constructed a portfolio to monetize the existing infrastructure opportunity in India. We believe that the Infrastructure space is in a consolidation mode and thus throws out large investment ideas that would be the frontrunners in the business in decades to come. In this we buy the companies which are preferably the largest in their space. Beta 0.81 R Square 0.93 Standard deviation 5.74% Portfolio Turnover Ratio Asset allocation: 1.78 Times Equity 97.42 Debt 3.39 Cash -0.81 Derivatives - : CNX Infrastructure Index (w.e.f. 07 Dec, 2011) (IDFC - IF) An Open Ended Infrastructure Sector Fund 31 January 2012 Market Value % of NAV Shree Cement Ltd 294.71 3.70 Cement 294.71 3.70 IRB Infrastructure Developers Ltd 436.88 5.49 Phoenix Mills Ltd 217.66 2.73 Ahluwalia Contracts India Ltd 107.61 1.35 Construction 762.14 9.58 Larsen & Toubro Ltd 720.94 9.06 Sadbhav Engineering Ltd 199.58 2.51 Construction Project 920.52 11.56 Petronet Lng Ltd 419.99 5.28 Gujarat State Petronet Ltd 312.56 3.93 Gujarat Gas Co Ltd 292.73 3.68 Indraprastha Gas Ltd 196.65 2.47 Gas 1221.93 15.35 Siemens Ltd 219.38 2.76 Industrial Capital Goods 219.38 2.76 Oil India Ltd 218.06 2.74 Oil 218.06 2.74 Power Grid Corporation Ltd 610.03 7.66 Tata Power Co Ltd 523.14 6.57 Torrent Power Ltd 455.91 5.73 Reliance Infrastructure Ltd 321.51 4.04 Market Value % of NAV PTC India Ltd 122.13 1.53 Power 2032.71 25.54 Bharti Airtel Ltd 676.55 8.50 Idea Cellular Ltd 363.38 4.57 Telecom - Services 1039.93 13.06 Adani Port and Special Eco. Zone Ltd 409.50 5.14 ABG Infralogistics Ltd 312.55 3.93 Gateway Distriparks Ltd 217.44 2.73 Transportation 939.49 11.80 Other Equity 105.43 1.32 Call 270.06 3.39 Net Current Asset -64.66-0.81 Grand Total 7959.69 100.00 Growth 8.9610 Dividend 8.9627 07

IDFC Premier Equity Fund Nature: Equity Average AUM (Oct-Dec): `2,407.02 Crores Inception Date: 28 September 2005 Fund Manager: Mr. Kenneth Andrade (Since June 2006) About the fund: The scheme portfolio would seek to acquire, businesses with good long term potential, which are available at reasonable valuation. Such securities would be identified through disciplined fundamental research keeping in view medium to long term trends in the business environment. The shall endeavor to accumulate long term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the fund managers would endeavor to prevent short term money from flowing into the fund which can prove detrimental to the interest of long term investors. Current Strategy: The portfolio has attempted to identify emerging themes & segment leaders which have a strong correlation to the growth of the economy. The fund is invested close to 90% with the balance in cash. The investment process & the diversification have not undergone any radical shift. The focus remains on buying into emerging business & taking a call on the entrepreneur /organization to ride through successfully the growth curve of the business cycle. Beta 0.89 R Square 0.86 Standard deviation 8.63% Sharpe Ratio -0.22 Portfolio Turnover Ratio Asset allocation: 5.07 Times Equity 75.44 Debt 21.76 Cash 2.80 Derivatives - : BSE 500 (IDFC - PEF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Kotak Mahindra Bank Ltd 7754.33 3.07 Bank 7754.33 3.07 IRB Infrastructure Developers Ltd 7491.53 2.97 Construction 7491.53 2.97 Glaxosmithkline Consumer Healthcare Ltd 11021.74 4.37 Bata India Ltd 10104.78 4.00 Asian Paints Ltd 9734.73 3.86 Consumer Non Durables 30861.24 12.23 Coromandel International Ltd 9987.77 3.96 Fertilisers 9987.77 3.96 Shriram Transport Finance Co Ltd 6995.40 2.77 Finance 6995.40 2.77 Gujarat State Petronet Ltd 8001.71 3.17 Gas 8001.71 3.17 Siemens Ltd 7524.56 2.98 Industrial Capital Goods 7524.56 2.98 Zee Entertainment Enterprises Ltd 5755.50 2.28 Media & Entertainment 5755.50 2.28 Torrent Power Ltd 7637.71 3.03 Power 7637.71 3.03 Page Industries Ltd 12208.93 4.84 Arvind Ltd 8170.23 3.24 Textile Products 20379.16 8.08 Blue Dart Express Ltd 8153.60 3.23 Cox And Kings Ltd 5927.90 2.35 Transportation 14081.50 5.58 Top 15 Equity 126470.42 50.12 Other Equity 63892.58 25.32 Certificate of Deposit 17547.31 6.95* Market Value % of NAV Corporate Bond 7210.41 2.86* Commercial Paper 2421.71 0.96* Floating Rate Note 7971.42 3.16* Zero Coupon Bond 10.70 0.0042* Call 19748.64 7.83* Net Current Asset 7066.44 2.80* Grand Total 252339.63 100.00 Nifty Index 23575.59 9.34 Equity Futures 23575.59 9.34 *Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Plan A Growth 31.3425 Plan A Dividend 22.9598 Plan B Growth 23.1131 Plan B Dividend 18.9643 Rating & Ranking Value Research Ranking Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. Morning Star Rating Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 28.5325 # ^ # ## Sep 28, 2005 (Since Inception) 10.0000 18.24% 8.22% 9.65% 28,533 16,397 17,799 Dec 31, 2010 To Dec 30, 2011 34.7946-18.00% -27.41% -24.62% Dec 31, 2009 To Dec 31, 2010 26.3452 32.07% 16.35% 17.95% NA Dec 31, 2008 To Dec 31, 2009 13.0345 102.12% 90.23% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 500 ##CNX Nifty 08

IDFC India GDP Growth Fund Nature: Equity Average AUM (Oct-Dec): `23.44 Crores Inception Date: 11 March 2009 Fund Manager: Mr. Neelotpal Sahai. (Since Dec 23, 2010) About the fund:our diversified equity fund, it aims to capitalize on the growth potential of the Indian economy. The fund maps to India's Gross Domestic Product (GDP) and endeavors to capture the growth contained within the structural transformation of India's Economy, from a pre-dominantly agrarian economy (38.6% in 1980) to a rapidly developing economy with a growing share of Industry and Services. As the name goes, IDFC India GDP fund endeavors to invest in the sectors representing the three components of India's GDP growth namely Service, Industry & Agriculture in the order of their percentage contribution to the GDP. The fund builds a portfolio, predominantly, of companies with proven business models which would have handled fluctuating macro conditions in the past and would have emerged from the cycle stronger. Current Strategy: The fund is benchmarked to the components of India's GDP in the proportion of the contribution of each component to GDP growth. The fund is invested mainly in the services sector, followed by industrials and then agriculture. The strategy revolves around companies that would have a higher growth rate and gained market share over a business cycle. Currently the fund is a well diversified portfolio of 30 stocks, the split across the GDP components is 75% Services, 18.5% Industries and 6.5% Agriculture. Beta 0.59 R Square 0.77 Standard deviation 5.73% Sharpe Ratio -0.55 Portfolio Turnover Ratio Asset allocation: 1.78 Times Equity 98.20 Debt 1.74 Cash 0.07 Derivatives - : BSE 500 (IDFC - IGGF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV ICICI Bank Ltd 180.43 7.83 State Bank of India 134.00 5.82 HDFC Bank Ltd 98.42 4.27 Axis Bank Ltd 80.63 3.50 Oriental Bank of Commerce 25.52 1.11 Canara Bank 23.51 1.02 Banks 542.51 23.55 Britannia Industries Ltd 68.03 2.95 Godrej Consumer Products Ltd 44.57 1.93 Consumer Non Durables 112.60 4.89 Gujarat State Fertilizers & Chemicals Ltd 56.29 2.44 Coromandel International Ltd 42.46 1.84 Fertilisers 98.74 4.29 Power Finance Corporation Ltd 127.43 5.53 Finance 127.43 5.53 Eros International Media Ltd 80.04 3.47 Dish TV India Ltd 62.40 2.71 Media & Entertainment 142.44 6.18 Coal India Ltd 65.44 2.84 Minerals/Mining 65.44 2.84 Oil India Ltd 72.69 3.16 Cairn India Ltd 50.89 2.21 Oil 123.57 5.36 HP Corporation Ltd 88.55 3.84 Reliance Industries Ltd 61.28 2.66 Petroleum Products 149.83 6.50 Lupin Ltd 71.25 3.09 Sun Pharmaceutical Industries Ltd 54.85 2.38 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 14.2049 Market Value % of NAV Cipla Ltd 43.78 1.90 Pharmaceuticals 169.88 7.37 Power Grid Corporation Ltd 78.08 3.39 PTC India Ltd 39.08 1.70 Power 117.16 5.09 HCL Technologies Ltd 131.30 5.70 Infosys Ltd 123.57 5.36 Tata Consultancy Services Ltd 90.59 3.93 Software 345.46 15.00 Bharti Airtel Ltd 109.71 4.76 Telecom - Services 109.71 4.76 Arvind Ltd 96.50 4.19 Textile Products 96.50 4.19 Cox And Kings Ltd 61.02 2.65 Transportation 61.02 2.65 Call 40.01 1.74 Net Current Asset 1.50 0.07 Grand Total 2303.79 100.00 Growth 15.8944 Dividend 12.2705 # Dec 31, 2010 To Dec 30, 2011 17.8785-20.55% -27.41% -24.62% Dec 31, 2009 To Dec 31, 2010 15.0059 19.14% 16.35% 17.95% ^ Past performance may or may not be sustained in future # BSE 500 ## CNX Nifty 09

IDFC Nifty Fund Nature: Equity Average AUM (Oct-Dec): `7.94 Crores Inception Date: 30 April 2010 Fund Manager: Ms. Punam Sharma (Since October 3, 2011) About the fund: The will be managed passively with investments in stocks in a proportion that it is as close as possible to the weightages of these stocks in the S&P CNX Nifty Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections/redemptions from the. Beta 1.00 R Square 0.99 Standard deviation 6.40% Sharpe Ratio -0.57 Portfolio Turnover Ratio Asset allocation: 2.12 Times Equity 95.36 Debt 1.99 Cash 2.66 Derivatives - : S&P CNX Nifty (IDFC - NF) An Open Ended Index Linked Equity 31 January 2012 Market Value % of NAV Reliance Industries Ltd 83.82 8.33 Infosys Ltd 80.40 7.99 ITC Ltd 66.74 6.63 ICICI Bank Ltd 63.27 6.29 HDFC Ltd 56.29 5.59 HDFC Bank Ltd 53.79 5.34 Larsen & Toubro Ltd 42.72 4.24 Tata Consultancy Services Ltd 34.89 3.47 State Bank of India 32.16 3.20 Bharti Airtel Ltd 26.70 2.65 Tata Motors Ltd 25.83 2.57 Hindustan Unilever Ltd 23.56 2.34 Oil & Natural Gas Corporation Ltd 22.61 2.25 Mahindra & Mahindra Ltd 18.78 1.87 Tata Steel Ltd 18.22 1.81 Axis Bank Ltd 16.94 1.68 NTPC Ltd 13.34 1.33 Bajaj Auto Ltd 13.02 1.29 Dr. Reddy's Laboratories Ltd 12.94 1.29 Wipro Ltd 12.92 1.28 Jindal Steel & Power Ltd 12.83 1.28 Coal India Ltd 12.57 1.25 Sun Pharmaceutical Industries Ltd 12.47 1.24 Bharat Heavy Electricals Ltd 12.00 1.19 Hindalco Industries Ltd 11.46 1.14 Kotak Mahindra Bank Ltd 11.24 1.12 Hero Motocorp Ltd 10.78 1.07 Cipla Ltd 10.74 1.07 Tata Power Co Ltd 10.23 1.02 GAIL (India) Ltd 10.20 1.01 Grasim Industries Ltd 10.01 0.99 Sterlite Industries Ltd 9.85 0.98 IDFC Ltd 9.55 0.95 Market Value % of NAV Maruti Suzuki India Ltd 9.53 0.95 Power Grid Corporation Ltd 8.93 0.89 Punjab National Bank 7.60 0.76 Cairn India Ltd 7.51 0.75 Ambuja Cements Ltd 7.35 0.73 ACC Ltd 6.74 0.67 HCL Technologies Ltd 6.63 0.66 Sesa Goa Ltd 5.21 0.52 Jaiprakash Associates Ltd 4.81 0.48 DLF Ltd 4.77 0.47 Bharat Petroleum Corporation Ltd 4.47 0.44 Reliance Infrastructure Ltd 4.42 0.44 Ranbaxy Laboratories Ltd 4.19 0.42 Reliance Communications Ltd 4.01 0.40 Siemens Ltd 3.79 0.38 Steel Authority of India Ltd 3.62 0.36 Reliance Power Ltd 3.39 0.34 Nifty Stock 959.84 95.36 Call 20.00 1.99* Net Current Asset 26.73 2.66* Grand Total 1006.58 100.00 Nifty Index 28.73 2.85 Equity Futures 28.73 2.85 *Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Growth 9.9917 Dividend 10.0703 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 8.9064 # Dec 31, 2010 To Dec 30, 2011 11.6822-23.76% -24.62% -24.64% ^ Past performance may or may not be sustained in future # CNX Nifty ## BSE Sensex 10

IDFC Classic Equity Fund Nature: Equity Average AUM (Oct-Dec): `160.27 Crores Inception Date: 9 August 2005 Fund Manager: Mr. Tridib Pathak (Since July 6, 2009) About the fund: The portfolio is a diversified equity fund which invests across the breadth of the market. The seeks to achieve outperformance through sector rotation, theme selection, market cap bias and bottom up stock picking. Current Strategy: The fund is being managed as a well-diversified portfolio; the opportunity for the fund is to capture the breadth of the market across sectors, market capitalizations, styles and themes. The fund has around 35% exposure to midcaps and has maintained higher diversification across sectors. Beta 0.86 R Square 0.95 Standard deviation 7.81% Sharpe Ratio -0.74 Portfolio Turnover Ratio Asset allocation: 1.79 Times Equity 93.41 Debt 5.05 Cash 1.54 Derivatives - : BSE 200 (IDFC - CEF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Mahindra & Mahindra Ltd 413.37 2.61 Hero Motocorp Ltd 311.04 1.96 Bajaj Auto Ltd 240.20 1.52 Auto 964.60 6.09 ICICI Bank Ltd 803.59 5.07 ICICI Bank Ltd (Futures) 231.95 1.46 Axis Bank Ltd 558.19 3.52 ING Vysya Bank Ltd 471.64 2.98 Jammu & Kashmir Bank Ltd 374.44 2.36 State Bank of India 175.40 1.11 State Bank of India (Futures) 391.10 2.47 Banks 3006.30 18.97 Madras Cements Ltd 239.96 1.51 Cement 239.96 1.51 Havells India Ltd 355.90 2.25 Whirlpool of India Ltd 328.86 2.08 Consumer Durables 684.76 4.32 Titan Industries Ltd 597.84 3.77 Consumer Non Durables 597.84 3.77 VA Tech Wabag Ltd 294.22 1.86 Engineering Services 294.22 1.86 Manappuram Finance Ltd 788.12 4.97 HDFC Ltd 362.53 2.29 Finance 1150.65 7.26 Indraprastha Gas Ltd 343.25 2.17 Gas 343.25 2.17 Zee Entertainment Enterprises Ltd 457.24 2.89 Media & Entertainment 457.24 2.89 Gujarat Mineral Development Corp Ltd 382.02 2.41 Coal India Ltd 371.75 2.35 Minerals/Mining 753.77 4.76 Hindustan Zinc Ltd 559.87 3.53 Non - Ferrous Metals 559.87 3.53 Oil India Ltd 590.91 3.73 Oil & Natural Gas Corporation Ltd 242.92 1.53 Oil 833.83 5.26 Market Value % of NAV Castrol India Ltd 415.56 2.62 Reliance Industries Ltd 396.29 2.50 Petroleum Products 811.85 5.12 Dr. Reddy's Laboratories Ltd 525.97 3.32 Cipla Ltd 498.03 3.14 Torrent Pharmaceuticals Ltd 470.29 2.97 Pharmaceuticals 1494.29 9.43 Tata Consultancy Services Ltd 602.55 3.80 HCL Technologies Ltd 569.01 3.59 Wipro Ltd 304.22 1.92 Infosys Ltd 293.85 1.85 Kpit Cummins Infosystem Ltd 253.93 1.60 Software 2023.55 12.77 Bharti Airtel Ltd 467.00 2.95 Telecom - Services 467.00 2.95 Gateway Distriparks Ltd 321.05 2.03 Transportation 321.05 2.03 Other Equity 422.82 2.67 Call 421.42 2.66* Grand Total 15848.28 100.00 *Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Plan A Growth 18.0254 Plan A Dividend 11.1693 Plan B Growth 14.3286 Plan B Dividend 9.6961 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 16.474 # ^ # ## Aug 09, 2005 (Since Inception) 10.0000 8.12% 10.32% 11.40% 16,474 18,743 19,944 Dec 31, 2010 To Dec 30, 2011 22.5009-26.79% -26.95% -24.62% Dec 31, 2009 To Dec 31, 2010 19.6719 14.38% 16.22% 17.95% NA Dec 31, 2008 To Dec 31, 2009 11.7757 67.06% 88.51% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200, ## CNX Nifty 11

IDFC Tax Advantage (ELSS) Fund Nature: Equity Average AUM (Oct-Dec): `127.34 Crores Inception Date: 26 December 2008 Fund Manager: Mr. Neelotpal Sahai. (Since Sep 22, 2010) About the fund: Our ELSS aims to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. The will invest in well-managed growth companies that are available at reasonable value. Companies would be identified through a systematic process of forecasting earnings based on a deep understanding of the industry growth potential and interaction with company management. Current Strategy: The focus is to invest in long term growth stocks at reasonable price. The portfolio is a diverse mix of companies across sectors and is agnostic to capitalization bias. Given the plethora of opportunities which is there in domestic economy, the fund seeks to invest in companies with strong track record of execution, high operating leverage and reasonable valuations. Beta 0.77 R Square 0.90 Standard deviation 6.67% Sharpe Ratio -0.66 Portfolio Turnover Ratio Asset allocation: 1.42 Times Equity 97.61 Debt 2.47 Cash -0.08 Derivatives - : BSE 200 (IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving with Lock in of 3 Years 31 January 2012 Market Value % of NAV ICICI Bank Ltd 902.15 6.75 State Bank of India 618.48 4.63 HDFC Bank Ltd 492.10 3.68 Axis Bank Ltd 430.02 3.22 United Bank of India 287.82 2.15 Oriental Bank of Commerce 229.68 1.72 Canara Bank 141.03 1.06 Banks 3101.28 23.21 Hitachi Home & Life Solutions (India) Ltd 218.87 1.64 Consumer Durables 218.87 1.64 Godrej Consumer Products Ltd 289.67 2.17 Marico Ltd 136.62 1.02 Consumer Non Durables 426.29 3.19 Jindal Steel & Power Ltd 135.44 1.01 Ferrous Metals 135.44 1.01 Gujarat State Fertilizers & Chemicals Ltd 375.25 2.81 Fertilisers 375.25 2.81 Power Finance Corporation Ltd 509.70 3.81 Finance 509.70 3.81 Eros International Media Ltd 450.23 3.37 Dish Tv India Ltd 312.00 2.33 Media & Entertainment 762.23 5.70 NMDC Ltd 267.90 2.00 Coal India Ltd 196.32 1.47 Minerals/Mining 464.22 3.47 Oil India Ltd 302.86 2.27 Cairn India Ltd 254.44 1.90 Oil 557.30 4.17 HP Corporation Ltd 516.51 3.86 Reliance Industries Ltd 408.55 3.06 Petroleum Products 925.06 6.92 Market Value % of NAV Lupin Ltd 567.46 4.25 Sun Pharmaceutical Industries Ltd 274.25 2.05 Cipla Ltd 140.10 1.05 Pharmaceuticals 981.81 7.35 Power Grid Corporation Ltd 416.40 3.12 PTC India Ltd 366.38 2.74 Power 782.78 5.86 HCL Technologies Ltd 656.48 4.91 Infosys Ltd 617.85 4.62 Tata Consultancy Services Ltd 452.96 3.39 Software 1727.29 12.92 Bharti Airtel Ltd 475.41 3.56 Telecom - Services 475.41 3.56 Arvind Ltd 579.00 4.33 KPR Mills Ltd 175.51 1.31 Textile Products 754.51 5.65 Vardhman Textiles Ltd 453.34 3.39 Textiles - Cotton 453.34 3.39 Cox And Kings Ltd 261.53 1.96 Transportation 261.53 1.96 Other Equity 132.63 0.99 Call 330.08 2.47 Net Current Asset -10.86-0.08 Grand Total 13364.13 100.00 Growth 18.1642 Dividend 11.2018 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 16.2436 # ^ # ## Dec 26, 2008 (Since Inception) 10.0000 17.48% 18.30% 17.34% 16,244 16,587 16,184 Dec 31, 2010 To Dec 30, 2011 21.1852-23.33% -26.95% -24.62% Dec 31, 2009 To Dec 31, 2010 17.0899 23.96% 16.22% 17.95% NA Dec 31, 2008 To Dec 31, 2009 10.0055 70.81% 88.51% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200, ## CNX Nifty 12

IDFC Tax Saver (ELSS) Fund Nature: Equity Average AUM (Oct-Dec): `39.59 Crores Inception Date: 15 March 2007 Fund Manager: Neelotpal Sahai ( Since Sep 22, 2010) About the fund: The will invest in well- managed growth companies that are available at reasonable value. Companies would be identified through a systematic process of forecasting earnings based on a deep understanding of the industry growth potential and interaction with company management. Current Strategy: The focus is to invest in long term growth stocks at reasonable price. The portfolio is an diverse mix of companies across sectors and is agnostic to capitalization bias. Given the plethora of opportunities which is there in domestic economy, the fund seeks to invest in companies with strong track record of execution, high operating leverage and reasonable valuations. Standard deviation 8.04% Beta 0.81 R Square 0.92 Sharp Ratio -0.49% Portfolio Turnover Ratio Asset allocation: : BSE 200 1.35 Times Equity 94.30 Debt 0.50 Cash 5.20 (IDFC TS (ELSS) Fund) A 10 Year Close Ended Equity Linked Saving 31 January 2012 Market Value % of NAV Maruti Suzuki India Ltd 118.67 2.98 Auto 118.67 2.98 ICICI Bank Ltd 225.54 5.66 State Bank of India 206.16 5.17 HDFC Bank Ltd 172.24 4.32 Axis Bank Ltd 96.75 2.43 Canara Bank 70.52 1.77 Banks 771.20 19.35 Godrej Consumer Products Ltd 178.26 4.47 Britannia Industries Ltd 113.39 2.84 Consumer Non Durables 291.65 7.32 Jindal Steel & Power Ltd 81.26 2.04 Ferrous Metals 81.26 2.04 HDFC Ltd 174.46 4.38 Muthoot Finance Ltd 135.79 3.41 Finance 310.25 7.78 Eros International Media Ltd 200.10 5.02 Dish Tv India Ltd 93.60 2.35 Media & Entertainment 293.70 7.37 Coal India Ltd 130.88 3.28 Minerals/Mining 130.88 3.28 Oil India Ltd 121.15 3.04 Cairn India Ltd 118.74 2.98 Oil 239.88 6.02 Reliance Industries Ltd 204.28 5.12 Petroleum Products 204.28 5.12 Lupin Ltd 166.25 4.17 Market Value % of NAV Sun Pharmaceutical Industries Ltd 137.13 3.44 Pharmaceuticals 303.38 7.61 Power Grid Corporation Ltd 130.13 3.26 Torrent Power Ltd 124.14 3.11 PTC India Ltd 73.28 1.84 Power 327.54 8.22 HCL Technologies Ltd 196.94 4.94 Infosys Ltd 164.76 4.13 Tata Consultancy Services Ltd 141.55 3.55 Software 503.25 12.63 Bharti Airtel Ltd 182.85 4.59 Telecom - Services 182.85 4.59 Call 20.00 0.50 Net Current Asset 207.18 5.20 Grand Total 3985.97 100.00 Option NAV Growth 13.5247 Dividend 13.5244 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 12.436 # ^ # ## Mar 15, 2007 (Since Inception) 10.0000 4.65% 4.53% 5.09% 12,436 12,367 12,692 Dec 31, 2010 To Dec 30, 2011 15.6509-20.54% -26.95% -24.62% Dec 31, 2009 To Dec 31, 2010 12.9969 20.42% 16.22% 17.95% NA Dec 31, 2008 To Dec 31, 2009 7.4288 74.95% 88.51% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200 ## CNX Nifty 13

IDFC Arbitrage Fund Nature: Equity & Equity Derivatives Average AUM ( Oct-Dec): `57.61 Crores Inception Date: 21 December 2006 Fund Manager: Mr. Kenneth Andrade & Mr. Suyash Choudhary (Since March 25, 2011) About the fund: The fund predominantly invests in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments. The scheme seeks to capture the cost of carry by executing simultaneous buy (in the cash market) and sell (in the futures) trades. The balance is invested in debt and money market instruments. Standard deviation 0.30% Portfolio Turnover Ratio Asset allocation: Equity 67.89 Debt 35.03 Cash -2.91 Derivatives - : Crisil Liquid Fund Index 56.18 Times (IDFC - AF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Value of Futures Hexaware Technologies Ltd 118.65 2.22-119.91 Apollo Tyres Ltd 165.19 3.09-166.44 Bajaj Hindustan Ltd 41.70 0.78-41.46 Balrampur Chini Mills Ltd 136.64 2.56-137.20 Bharat Forge Ltd 163.02 3.05-164.84 Bharat Petroleum Corporation Ltd 117.29 2.19-118.85 Bharti Airtel Ltd 62.17 1.16-62.64 Cipla Ltd 154.11 2.88-154.84 Dena Bank 97.78 1.83-98.64 Gujarat State Petronet Ltd 106.69 2.00-107.71 Hindustan Construction Co Ltd 66.08 1.24-66.92 HDFC Bank Ltd 159.93 2.99-160.94 HDFC Ltd 38.38 0.72-38.67 Hindustan Unilever Ltd 113.69 2.13-114.68 HP Corporation Ltd 103.30 1.93-103.57 ITC Ltd 146.84 2.75-147.64 Jain Irrigation Systems Ltd 133.49 2.50-134.96 Jindal Steel & Power Ltd 102.93 1.93-103.69 JSW Steel Ltd 55.96 1.05-56.36 Lupin Ltd 76.00 1.42-76.29 Mahindra & Mahindra Ltd 151.61 2.84-152.84 Oil & Natural Gas Corporation Ltd 113.18 2.12-114.10 Pantaloon Retail (India) Ltd 72.54 1.36-73.23 Power Grid Corporation Ltd 12.49 0.23-12.50 PTC India Ltd 205.17 3.84-207.27 Reliance Capital Ltd 192.55 3.60-194.18 Rural Electrification Corporation Ltd 152.40 2.85-153.84 Reliance Industries Ltd 153.21 2.87-154.09 Rolta India Ltd 120.16 2.25-121.30 Market Value % of NAV Value of Futures Shree Renuka Sugars Ltd 63.92 1.20-64.51 UCO Bank 121.09 2.27-122.32 Unitech Ltd 85.44 1.60-86.43 Vijaya Bank 38.01 0.71-38.39 Wipro Ltd 149.00 2.79-150.14 Equities 3790.60 70.92 Margin Fixed Deposit 1000.00 18.71 Corporate Bond 60.05 1.12 Call 10.00 0.19 Net Current Asset 484.08 9.06 Grand Total 5344.73 100.00 Plan A Growth 13.8915 Plan A Dividend 11.7561 Plan B Growth 14.2513 Plan B Dividend 12.0096 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 13.8183 # ^ # ## Dec 21, 2006 (Since Inception) 10.0000 6.64% 6.81% 3.80% 13,818 13,929 12,063 Dec 31, 2010 To Dec 30, 2011 12.8107 7.87% 8.15% -24.62% Dec 31, 2009 To Dec 31, 2010 12.1361 5.56% 5.12% 17.95% NA Dec 31, 2008 To Dec 31, 2009 11.7499 3.29% 4.86% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ## CNX Nifty 14

IDFC Arbitrage Plus Fund Nature: Equity Derivatives Average AUM ( Oct-Dec): `7.12 Crores Inception Date: 09 June 2008 Fund Manager:Mr. Kenneth Andrade & Mr. Suyash Choudhary ( Since March 25, 2011) About the fund: The fund is aimed to generate absolute returns by investing in trades in the equity and derivative markets. The trades can consist of cash futures arbitrage as well as relative value (such as pair trades and corporate event- based strategies) and derivatives strategies. Standard deviation 0.52% Portfolio Turnover Ratio Asset allocation: Equity 66.36 Debt 40.63 Cash -6.99 Derivatives - : Crisil Liquid Fund Index 46.63 Times (IDFC - APF) An Open Ended Equity Fund 31 January 2012 Market Value % of NAV Value of Futures Hexaware Technologies Ltd 6.78 1.10-6.85 Apollo Tyres Ltd 20.29 3.30-20.44 Balrampur Chini Mills Ltd 11.71 1.91-11.76 Bharat Forge Ltd 17.47 2.84-17.66 Bharti Airtel Ltd 7.31 1.19-7.37 Cipla Ltd 17.51 2.85-17.60 Dena Bank 19.01 3.10-19.18 Gujarat State Petronet Ltd 16.67 2.71-16.83 Hindustan Construction Co Ltd 22.66 3.69-22.94 HDFC Bank Ltd 14.76 2.40-14.86 HDFC Ltd 13.96 2.27-14.06 Hindustan Unilever Ltd 15.16 2.47-15.29 Infosys Ltd 17.16 2.79-17.22 ITC Ltd 16.32 2.66-16.40 Jain Irrigation Systems Ltd 15.26 2.48-15.42 JSW Steel Ltd 17.49 2.85-17.61 Mahindra & Mahindra Ltd 13.48 2.19-13.59 Oil & Natural Gas Corporation Ltd 13.80 2.25-13.92 Polaris Financial Technology Ltd 17.17 2.80-17.14 PTC India Ltd 15.63 2.55-15.79 Reliance Industries Ltd 14.30 2.33-14.38 Rolta India Ltd 22.13 3.60-22.34 Shree Renuka Sugars Ltd 15.22 2.48-15.36 Market Value % of NAV Value of Futures UCO Bank 5.50 0.90-5.56 Vijaya Bank 17.89 2.91-18.06 Wipro Ltd 16.56 2.70-16.68 Equities 401.19 65.32 Fixed Deposit 150.00 24.42 Net Current Asset 62.99 10.26 Grand Total 614.19 100.00 Plan A Growth 12.3936 Plan A Dividend 11.3560 Plan B Growth 12.4781 Plan B Dividend 11.4714 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 12.3258 # ^ # ## Jun 09, 2008 (Since Inception) 10.0000 6.05% 6.54% 0.76% 12,326 12,528 10,274 Dec 31, 2010 To Dec 30, 2011 11.5693 6.54% 8.15% -24.62% Dec 31, 2009 To Dec 31, 2010 10.9617 5.54% 5.12% 17.95% NA Dec 31, 2008 To Dec 31, 2009 10.6136 3.28% 4.86% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ## CNX Nifty 15

IDFC Monthly Income Plan Nature: Debt Average AUM ( Oct-Dec): `130.97 Crores Inception Date: 25 February 2010 Fund Manager: Mr. Kenneth Andrade & Mr. Suyash Choudhary ( Since Dec 23, 2010) About the fund: MIP is an actively managed fund which endeavors to deliver consistent performance and limit downside risk. It is a blend of high quality fixed income assets and equity assets. Current Strategy: The fund offers up to 25% participation in the equity markets with the balance invested in Fixed income. The Equity Portfolio is diversified across sectors and aims to capture growth at reasonable valuations. The fixed income portfolio will move dynamically between cash, government bonds, money market and corporate bonds to optimize performance. Standard deviation: 1.14% Modified Duration: 3.42 Years Average Maturity: : Crisil MIP Blended Index 4.65Years Yield to Maturity: 9.30% Portfolio Turnover Ratio 6.44 Times (IDFC - MIP) An Open Ended Debt Fund 31 January 2012 Rating Total Clearing Corporation of India Ltd 0.50 CBLO 0.50 HDFC Ltd CRISIL AAA 15.45 Export Import Bank of India CRISIL AAA 8.26 M&M Financial Services Ltd FITCH AA+ 7.82 Shriram Transport Finance Co Ltd CRISIL AA 5.90 HDFC Bank Ltd CRISIL AAA 3.76 Corporate Bond 41.19 Tata Capital Ltd CARE AA+ 6.95 Zero Coupon Bond 6.95 8.19% - 2020 G-Sec SOV 24.76 Government Bond 24.76 Equity 22.57 Net Current Asset 4.03 Grand Total 100.00 Dividend Growth Dividend 10.4666 11.1120 Quarterly 10.4229 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 10.8009 # Dec 31, 2010 To Dec 30, 2011 10.7444 0.53% 1.72% 1.91% ^ Past performance may or may not be sustained in future # Crisil MIP Blended Index ## 10 Year GOI 16

IDFC Asset Allocation Fund Nature: Fund of Fund Average AUM ( Oct-Dec): Conservative Plan Inception Date: 11 February 2010 Fund Manager: Ms.Punam Sharma (Since Oct 3, 2011) About the fund: IDFC Asset Allocation Fund aims to generate capital appreciation through investments in different mutual fund schemes based on a defined asset allocation model. The fund offers 3 different plans with different asset allocations linked to the targeted risk profiles for investors. Conservative plan offers the lowest risk profile followed by Moderate plan. Aggressive plan offers the highest risk profile amongst the 3 plans. Asset allocation allows investors to improve their risk adjusted returns as different asset classes such as equity, fixed income and commodities offer lower correlations with each other. The scheme will be a Fund of Fund scheme that can invest in a mix of ETFs, domestic and offshore Mutual Fund schemes. FoFs give fund manager the flexibility of tailoring portfolios by participating in funds with different styles within each asset class and to easily switch styles depending on the view of the markets. Standard Allocation Equity (Including Offshore Equity) Fund Debt Fund(Including Liquid funds) (Including Gold/ Commodity Equity Funds) Money Market Securities Moderate Plan Aggressive Plan `55.36 Crores `156.00 Crores `172.01 Crores (w.e.f. 07 Dec, 2011) % to net assets Conservative Plan Moderate Plan Aggressive Plan 10-15% 25-30% 45-50% 0-90% 0-70% 0-45% 0% 5-10% 10-15% 0-15% 0-15% 0-15% An Open Ended Fund of Funds 31 January 2012 (% of NAV) Conservative Plan Moderate Plan Aggressive Plan Clearing Corporation of India Ltd 0.69 1.60 1.61 CBLO 0.69 1.60 1.61 Gold Goldman Sachs ETF (Gold Bees) - 6.93 12.02 Gold 6.93 12.02 IDFC Cash Fund 40.47 - - IDFC Money Manager Fund-Investment Plan - - - IDFC Money Manager Fund -Treasury Plan - 12.24 4.37 IDFC Dynamic Bond Fund - 13.96 - IDFC Super Saver Income Fund - Medium Term Plan 11.67 - - IDFC Super Saver Income Fund - Investment Plan 32.62 36.81 33.28 Debt 84.76 63.00 37.65 IDFC Imperial Equity Fund 6.51 13.36 22.39 IDFC Sterling Equity Fund 8.08 15.83 26.59 Equity 14.59 29.18 48.98 Net Current Asset -0.04-0.72-0.26 Grand Total 100.00 100.00 100.00 Plan Conservative Plan Moderate Plan Aggressive Plan Dividend 10.8561 11.2815 11.0626 Growth 11.2369 11.5357 11.4378 Conservative Plan Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 10.9975 # Dec 31, 2010 To Dec 30, 2011 10.5783 3.96% 1.72% 1.91% ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ## 10 Year GOI Contd.. 17

IDFC Asset Allocation Fund Conservative Plan Moderate Plan Aggressive Plan Standard Deviation: 0.70% 1.29% 2.34% Modified Duration(for Debt scheme): 2.04 Years 3.30 Years 3.65 Years Average Maturity (for Debt scheme): 2.80 Years 4.61 Years 5.15 Years Yield to Maturity: 9.30% 9.09% 9.03% Portfolio Turnover Ratio: 0.69 Times 0.35 Times 0.14 Times Conservative Plan Moderate Plan Aggressive Plan Crisil MIP Blended Index Crisil MIP Blended Index Crisil Balanced Fund Index An Open Ended Fund of Funds Moderate Plan Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 11.119 Dec 31, 2010 To Dec 30, 2011 10.9602 1.45% 1.72% 1.91% ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ## 10 Year GOI 31 January 2012 # Aggressive Plan Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 10.8183 # Dec 31, 2010 To Dec 30, 2011 11.3909-5.03% -14.39% 1.91% ^ Past performance may or may not be sustained in future # Crisil Balanced Fund Index ## 10 Year GOI 18

IDFC Cash Fund Nature: Liquid Fund Average AUM ( Oct-Dec): `7,198.97 Crores Inception Date: 2 July 2001 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The aims to invest in a highly quality money market instruments with high liquidity and seeks to generate accrual income with low volatility. Current Strategy: The scheme is invested in short maturity liquid instruments in line with its objectives Standard deviation: 0.13% Modified Duration: Average Maturity: 42.00 Days 42.00 Days Yield to Maturity: 9.55% Portfolio Turnover Ratio: 6.79 Times : Crisil Liquid Fund Index (CLFI) Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. (IDFC - CF) An Open Ended Liquid Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 0.43 CBLO 0.43 Indusind Bank Ltd ICRA A1+ 10.29 Axis Bank Ltd CRISIL A1+ 8.59 Central Bank of India CARE A1+ 7.30 Kotak Mahindra Bank Ltd CRISIL A1+ 5.45 UCO Bank CRISIL A1+ 5.03 ING Vysya Bank Ltd CRISIL A1+ 4.36 Allahabad Bank ICRA A1+ 4.10 Punjab & Sind Bank ICRA A1+ 4.03 Vijaya Bank CARE A1+ 3.87 Federal Bank Ltd CRISIL A1+ 3.17 Andhra Bank ICRA A1+ 2.41 ICICI Bank Ltd ICRA A1+ 1.60 Bank of Maharashtra CRISIL A1+ 1.42 Punjab National Bank CARE A1+ 1.21 Corporation Bank CRISIL A1+ 1.05 Allahabad Bank CRISIL A1+ 0.80 Dena Bank CRISIL A1+ 0.80 Canara Bank CRISIL A1+ 0.72 Indian Overseas Bank ICRA A1+ 0.71 Axis Bank Ltd ICRA A1+ 0.40 State Bank of Bikaner & Jaipur CRISIL A1+ 0.40 State Bank of Travancore ICRA A1+ 0.40 Karur Vysya Bank Ltd CRISIL A1+ 0.40 State Bank of Hyderabad ICRA A1+ 0.09 Andhra Bank CARE A1+ 0.08 Canara Bank ICRA A1+ 0.04 State Bank of Travancore CRISIL A1+ 0.02 Syndicate Bank CARE A1+ 0.0016 Certificate of Deposit 68.75 HDFC Ltd ICRA A1+ 5.31 Indian Oil Corporation Ltd CRISIL A1+ 4.01 Sesa Goa Ltd CRISIL A1+ 2.40 L&T Finance Ltd CARE A1+ 2.40 Gruh Finance Ltd CRISIL A1+ 1.61 Bharat Petroleum Corporation Ltd CRISIL A1+ 1.21 ICICI Home Finance Company Ltd CRISIL A1+ 0.80 Sundaram Finance Ltd ICRA A1+ 0.80 Commercial Paper 18.54 Net Current Asset 12.27 Grand Total 100.00 Plan Option Freq NAV Plan A Growth 1867.6729 Plan A Dividend Daily 1058.1900 Plan A Dividend Weekly 1001.9798 Plan A Dividend Monthly 1000.2526 Plan A Dividend ic 1011.4630 Plan B Growth 1885.0153 Plan B Dividend Daily 1058.7300 Plan B Dividend Weekly 1000.9836 Plan C Growth 1284.4883 Plan C Dividend Daily 1000.2500 Plan C Dividend Weekly 1001.0347 Plan C Dividend ic 1011.9036 Plan C Dividend Monthly 1000.2668 Fund Performance Under The IDFC-CF-Plan A Growth 8.86% 8.64% 8.83% 8.67% 8.85% 8.51% 8.62% 8.27% (Annualised) 7 Days (Annualised) 15 Days (Annualised) 30 Days IDFC-CF Growth CAGR Last 1 Year CAGR Last 2 Years Past performance may or may not be sustained in future. 6.97% 6.87% 6.12% 6.01% 6.49% 6.84% 6.00% CAGR Last 3 Years CAGR Last 5 Years Crisil Liquid Fund Index CAGR Last 10 Years 6.08% CAGR Since Allotment 02/07/2001 19

IDFC Money Manager Fund Treasury Plan Nature: Debt Average AUM ( Oct-Dec): `4,211.81 Crores Inception Date: 18 February 2003 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The aims to invest only in highly rated money market instruments including floating rate instruments with short term benchmarks. The seeks to generate returns predominantly through accrual income. Current Strategy: The scheme is invested in short maturity liquid instruments in line with its objectives Standard deviation: 0.12% Modified Duration: 76.65 Days Average Maturity : 87.00 Days Yield to Maturity: 9.60% Portfolio Turnover Ratio: : NSE MIBOR INDEX 9.43 Times Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. (IDFC - MMF - TP) An Open Ended Income Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 2.84 CBLO 2.84 Canara Bank CRISIL A1+ 19.82 IDBI Bank Ltd ICRA A1+ 6.64 UCO Bank CRISIL A1+ 6.47 Corporation Bank CRISIL A1+ 5.77 State Bank of Patiala CRISIL A1+ 5.11 Syndicate Bank CARE A1+ 3.41 Indian Overseas Bank ICRA A1+ 3.12 Axis Bank Ltd CRISIL A1+ 3.11 Bank of Maharashtra CRISIL A1+ 3.05 Punjab National Bank CARE A1+ 2.63 Central Bank of India CRISIL A1+ 1.75 Karur Vysya Bank Ltd CRISIL A1+ 1.74 ICICI Bank Ltd ICRA A1+ 1.73 United Bank of India ICRA A1+ 1.54 Andhra Bank CARE A1+ 1.10 Oriental Bank of Commerce CRISIL A1+ 0.98 State Bank of Hyderabad ICRA A1+ 0.89 Federal Bank Ltd CRISIL A1+ 0.84 Allahabad Bank ICRA A1+ 0.70 State Bank of India CRISIL A1+ 0.17 HDFC Bank Ltd CARE A1+ 0.14 Vijaya Bank CARE A1+ 0.07 Rating % of NAV Central Bank of India CARE A1+ 0.03 Indian Bank FITCH A1+ 0.02 Canara Bank ICRA A1+ 0.01 State Bank of Travancore CRISIL A1+ 0.0011 Certificate of Deposit 70.84 HDFC Ltd ICRA A1+ 12.83 Sterlite Industries Ltd CRISIL A1+ 1.75 Sundaram Finance Ltd CRISIL A1+ 1.20 Kotak Mahindra Prime Ltd ICRA A1+ 0.84 Commercial Paper 16.62 HDFC Ltd CRISIL AAA 0.18 Corporate Bond 0.18 182 Days TBill (MD 11/05/2012) SOV 0.69 364 Days TBill (MD 24/02/2012) SOV 0.53 Treasury Bill 1.22 Net Current Asset 8.31 Grand Total 100.00 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 16.7534 Plan Option Freq NAV Plan A Growth 16.8787 Plan A Dividend Monthly 10.1771 Plan A Dividend Daily 10.0699 Plan A Dividend Weekly 10.0283 Plan B Growth 16.9148 Plan B Dividend Daily 10.0703 Plan B Dividend Weekly 10.0480 Plan B Dividend Monthly 10.0870 Plan C Dividend Daily 10.0015 Plan C Growth 12.5546 Plan C Dividend Weekly 10.0670 Plan C Dividend Monthly 10.0037 Plan D Growth 11.6101 Plan D Dividend Daily 10.0033 Plan F Growth 11.4523 Feb 18, 2003 (Since Inception) 10.0000 5.99% 5.96% 5.04% 16,753 16,712 15,460 Dec 31, 2010 To Dec 30, 2011 15.4306 8.57% 7.96% 6.42% Dec 31, 2009 To Dec 31, 2010 14.6752 5.15% 5.19% 2.81% NA Dec 31, 2008 To Dec 31, 2009 13.9369 5.30% 3.63% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # NSE Mibor Index ## 1 Year T-Bill # ^ # ## 20

IDFC Super Saver Income Fund Short Term Nature: Debt Average AUM ( Oct-Dec): `1,375.74 Crores Inception Date: 14 December 2000 Fund Manager: Mr. Suyash Choudhary (Since March 11, 2011) About the fund: The seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable longterm returns through mix of accrual income and capital appreciation. Current Strategy: The fund is invested in a mix of money market and short duration corporate bonds to optimize performance. Standard deviation: 0.70% Modified Duration: Average Maturity: 1.70 Years 2.00 Years Yield to Maturity: 9.70% Portfolio Turnover Ratio: 3.42 Times : CRISIL Short-Term Bond Fund Index (CSTBFI) (IDFC - SSIF - ST) An Open Ended Income Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 2.18 CBLO 2.18 ICICI Bank Ltd ICRA A1+ 3.24 United Bank of India ICRA A1+ 2.18 Syndicate Bank CARE A1+ 1.09 Indian Overseas Bank CRISIL A1+ 1.08 Certificate of Deposit 7.59 HDFC Ltd CRISIL AAA 11.67 National Housing Bank FITCH AAA 9.50 Power Finance Corporation Ltd CRISIL AAA 8.53 Tata Sons Ltd CRISIL AAA 8.47 Export Import Bank of India CRISIL AAA 7.44 M&M Financial Services Ltd CRISIL AA+ 6.89 NABARD CRISIL AAA 6.14 Shriram Transport Finance Co Ltd CARE AA+ 5.33 Bajaj Finance Ltd CRISIL AA+ 4.72 L&T Finance Ltd ICRA AA+ 3.57 National Housing Bank CRISIL AAA 2.84 Sundaram Finance Ltd ICRA AA+ 2.78 L&T Finance Ltd CARE AA+ 2.14 Bajaj Finance Ltd ICRA AA+ 1.82 Small Industries Dev Bank of India CARE AAA 1.18 Shriram Transport Finance Co Ltd CRISIL AA 1.14 Corporate Bond 84.17 Shriram Transport Finance Co Ltd CARE AA+ 3.29 Sundaram Finance Ltd ICRA AA+ 2.63 Tata Capital Ltd CARE AA+ 1.11 Zero Coupon Bond 7.04 Net Current Asset -0.97 Grand Total 100.00 Plan Option Freq NAV Plan A Growth 21.7225 Plan A Dividend Monthly 10.0684 Plan A Dividend Fortnightly 10.2271 Plan B Growth 12.0721 Plan B Dividend Monthly 10.2128 Plan B Dividend Fortnightly 10.9020 Plan C Growth 12.1759 Plan C Dividend Monthly 10.6126 Plan C Dividend Fortnightly 10.1080 Plan D Growth 14.0833 Plan D Dividend Monthly 11.2544 Plan D Dividend Fortnightly 11.0478 Plan F Growth 11.4643 Plan F Dividend 10.0961 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 21.546 # ^ # ## Rating & Ranking Morningstar Rating Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. Dec 14, 2000 (Since Inception) 10.0000 7.19% NA 5.77% 21,546 NA 18,582 Dec 31, 2010 To Dec 30, 2011 19.7304 9.20% 7.84% 6.42% Dec 31, 2009 To Dec 31, 2010 19.0240 3.71% 4.70% 2.81% NA Dec 31, 2008 To Dec 31, 2009 18.0472 5.41% 6.58% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ## 1 Year T-Bill 21

IDFC Super Saver Income Fund Medium Term Nature: Debt Average AUM ( Oct-Dec): `224.47 Crores Inception Date: 8 July 2003 Fund Manager: Mr. Anupam Joshi (Since March 2009) About the fund: The seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable longterm returns through mix of accrual income and capital appreciation. Current Strategy: The fund is predominantly invested in a mix of medium tenor corporate bonds, certificate of deposits, and government bonds. Standard deviation: 1.08% Modified Duration: Average Maturity : 2.95 Years 3.75 Years Yield to Maturity: 9.40% Portfolio Turnover Ratio: 27.01 Times : Crisil Short Term Bond Fund Index (CSTBFI) (IDFC - SSIF-MT) An Open Ended Income Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 1.01 CBLO 1.01 Tata Sons Ltd CRISIL AAA 10.29 HDFC Ltd CRISIL AAA 10.21 Reliance Utilities & Power Pvt Ltd CARE AAA 8.08 Power Finance Corporation Ltd CRISIL AAA 7.20 Shriram Transport Finance Co Ltd CARE AA+ 6.18 Rural Electrification Corporation Ltd CRISIL AAA 6.17 NABARD CRISIL AAA 5.16 National Housing Bank CRISIL AAA 5.14 Bajaj Finance Ltd CRISIL AA+ 5.13 Shriram Transport Finance Co Ltd CRISIL AA 2.55 Sundaram Finance Ltd ICRA AA+ 0.18 Corporate Bond 66.29 Andhra Bank CARE A1+ 3.01 Certificate of Deposit 3.01 HDFC Ltd CRISIL AAA 5.15 Tata Capital Ltd CARE AA+ 4.47 Zero Coupon Bond 9.62 8.19% - 2020 G-Sec SOV 11.21 7.83% - 2018 G-Sec SOV 5.01 Government Bond 16.23 Net Current Asset 3.85 Grand Total 100.00 Plan Option Freq NAV Plan A Growth 18.0224 Plan A Dividend BiMonthly 10.6635 Plan A Dividend Fortnightly 10.0734 Plan A Dividend Monthly 10.1573 Plan A Dividend Daily 10.0887 Plan A Dividend Quarterly 10.2603 Plan B Dividend 11.5938 Plan B Growth 11.5095 Plan B Dividend Monthly 10.0036 Plan F Growth 11.7138 Plan F Dividend 10.1882 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 17.8613 # ^ # ## Rating & Ranking Jul 08, 2003 (Since Inception) 10.0000 7.08% 6.15% 4.98% 17,861 16,594 15,099 Dec 31, 2010 To Dec 30, 2011 16.3628 9.16% 7.84% 6.42% Dec 31, 2009 To Dec 31, 2010 15.3333 6.71% 4.70% 2.81% NA Dec 31, 2008 To Dec 31, 2009 14.5156 5.63% 6.58% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ## 1 Year T-Bill Morningstar Rating Value Research Ranking Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. 22

IDFC Super Saver Income Fund Investment Plan Nature: Debt Average AUM ( Oct-Dec): `212.13 Crores Inception Date: 14 July 2000 Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010) About the fund: The seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable long-term returns through mix of accrual income and capital appreciation. Current Strategy: The fund is predominantly invested in a mix of corporate bonds and government bonds. The fund will actively monitor the dynamic interest rate and credit spread environment to optimize performance. Standard deviation: 1.51% Modified Duration: Average Maturity: 4.10 Years 5.80 Years Yield to Maturity: 8.95% Portfolio Turnover Ratio: 14.15 Times : CRISIL Composite Bond Fund Index (IDFC - SSIF - IP) An Open Ended Income Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 10.89 CBLO 10.89 HDFC Ltd CRISIL AAA 14.00 Tata Sons Ltd CRISIL AAA 11.61 Export Import Bank of India CRISIL AAA 5.32 HDFC Bank Ltd CRISIL AAA 5.13 Power Grid Corporation Ltd CRISIL AAA 4.13 NABARD CRISIL AAA 2.91 Shriram Transport Finance Co Ltd CRISIL AA 2.41 Shriram Transport Finance Co Ltd CARE AA+ 1.66 Corporate Bond 47.18 Shriram Transport Finance Co Ltd CARE AA+ 2.42 Zero Coupon Bond 2.42 8.19% - 2020 G-Sec SOV 42.33 Government Bond 42.33 Net Current Asset -2.82 Grand Total 100.00 Plan Option Freq NAV Plan A Dividend Quarterly 11.2655 Plan A Growth 25.0860 Plan A Dividend Annual 13.0602 Plan A Dividend Half Yearly 11.4243 Plan B Growth 12.1771 Plan B Dividend 10.6217 Plan C Dividend 11.6833 Plan F Growth 11.2420 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 24.8726 # ^ # ## Jul 14, 2000 (Since Inception) 10.0000 8.27% NA NA 24,873 NA NA Dec 31, 2010 To Dec 30, 2011 22.9044 8.59% 6.90% 1.91% Dec 31, 2009 To Dec 31, 2010 22.0410 3.92% 4.96% 3.11% NA Dec 31, 2008 To Dec 31, 2009 23.0745-4.48% 3.50% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ## 10 Year GOI Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. 23

IDFC Dynamic Bond Fund Nature: Debt Average AUM ( Oct-Dec): `128.26 Crores Inception Date: 25 June 2002 Fund Manager: Mr. Suyash Choudhary (Since Oct15, 2010) About the fund: The seeks to invest in a mix of government securities and highly rated corporate bonds and seeks to generate returns by actively managing the interest rate volatility. Current Strategy: The fund is predominantly invested in a mix of corporate bonds and government bonds. The fund will move dynamically between cash, government bonds, money market and corporate bonds to optimize performance. Standard deviation: 1.60% Modified Duration: Average Maturity : 3.90 Years 5.30 Years Yield to Maturity: 9.02% Portfolio Turnover Ratio: 19.32 Times : CRISIL Composite Bond Fund Index (IDFC - DBF) An Open Ended Income Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 8.92 CBLO 8.92 HDFC Ltd CRISIL AAA 10.99 Tata Sons Ltd CRISIL AAA 9.77 Shriram Transport Finance Co Ltd CRISIL AA 9.18 NABARD CRISIL AAA 8.68 Rural Electrification Corporation Ltd CRISIL AAA 5.54 National Housing Bank CRISIL AAA 3.33 Power Grid Corporation Ltd CRISIL AAA 2.17 Export Import Bank of India CRISIL AAA 0.71 Corporate Bond 50.38 HDFC Ltd CRISIL AAA 2.22 Zero Coupon Bond 2.22 8.19% - 2020 G-Sec SOV 42.03 Government Bond 42.03 Net Current Asset -3.55 Grand Total 100.00 Plan Option Freq NAV Plan A Growth 20.8627 Plan A Dividend Annual 13.4094 Plan A Dividend Quarterly 11.8787 Plan B Dividend 10.5909 Plan B Growth 12.3159 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 20.6817 # ^ # ## Jun 25, 2002 (Since Inception) 10.0000 7.93% 5.96% 5.98% 20,682 17,350 17,384 Dec 31, 2010 To Dec 30, 2011 18.6570 10.85% 6.90% 1.91% Dec 31, 2009 To Dec 31, 2010 18.0547 3.34% 4.96% 3.11% NA Dec 31, 2008 To Dec 31, 2009 18.8347-4.14% 3.50% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ## 10 Year GOI Rating & Ranking Morningstar Rating Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. 24

IDFC Money Manager Fund Investment Plan Nature: Debt Average AUM ( Oct-Dec): `811.27 Crores Inception Date: 9 August 2004 Fund Manager: Mr. Anupam Joshi (Since October 2008) About the fund: The aims to invest only in highly rated money market instruments including floating rate instruments with short term benchmarks. The seeks to generate returns predominantly through accrual income. Current Strategy: The scheme is invested in CDs to optimize portfolio yields. Standard deviation: 0.16% Modified Duration: 40.00 Days Average Maturity: 40.00 Days Yield to Maturity: 9.50% Portfolio Turnover Ratio: : NSE Mibor Index 3.88 Times (IDFC - MMF - IP) An Open Ended Income Fund 31 January 2012 Rating % of NAV Plan Option Freq NAV Plan A Growth 16.0214 Clearing Corporation of India Ltd 5.10 Plan A Dividend Quarterly 10.4821 CBLO 5.10 Plan A Dividend Annual 12.6082 Canara Bank CRISIL A1+ 5.49 Plan A Dividend Monthly 10.0434 Kotak Mahindra Bank Ltd CRISIL A1+ 2.55 Plan A Dividend Weekly 10.0296 Certificate of Deposit 8.04 Plan A Dividend Daily 10.0093 Net Current Asset 86.86 Plan B Growth 16.4122 Grand Total 100.00 Plan B Dividend Monthly 10.1192 Plan B Dividend Weekly 10.0796 Plan B Dividend Daily 10.1667 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 15.9028 # # ^ ## Aug 09, 2004 (Since Inception) 10.0000 6.47% 6.18% 5.04% 15,903 15,581 14,383 Dec 31, 2010 To Dec 30, 2011 14.6365 8.65% 7.96% 6.42% Dec 31, 2009 To Dec 31, 2010 13.9031 5.28% 5.19% 2.81% NA Dec 31, 2008 To Dec 31, 2009 13.1723 5.55% 3.63% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # NSE Mibor Index ## 1 Year T-Bill Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. 25

IDFC Government Securities Fund Short Term Plan Nature: Debt Average AUM ( Oct-Dec): `0.05 Crores Inception Date: 09 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since Oct 15, 2010) About the fund: The proposes to invest only in government securities with the aim of generating stable medium-term returns. Current Strategy: The fund is mostly into overnight assets Standard deviation 0.80% Average Maturity: : I-SEC Composite Index 1.00 Day (IDFC GSF-ST) An Open Ended Dedicated Gilt Fund 31 January 2012 Rating Total Clearing Corporation of India Ltd 79.35 CBLO 79.35 Net Current Asset 20.65 Grand Total 100.00 Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit) 14.4585 Plan A Growth 14.5156 Plan A Dividend( Monthly) 10.0180 Plan A Dividend( Quarterly) 10.1894 Plan A Weekly 10.0043 # ^ # ## Mar 09, 2002 (Since Inception) 10.0000 3.83% NA 5.15% 14,459 NA 16,375 Dec 31, 2010 To Dec 30, 2011 14.1901 1.89% 6.55% 6.42% Dec 31, 2009 To Dec 31, 2010 13.7121 3.49% 6.04% 2.81% NA Dec 31, 2008 To Dec 31, 2009 13.4089 2.26% -2.99% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ## 1 Year T-Bill 26

IDFC Government Securities Fund Provident Fund Plan Nature: Debt Average AUM (Oct-Dec): `17.15 Crores Inception Date: 29 March 2004 Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010) About the fund: The propose to invest only in government securities with the aim of generating stable medium-term returns. Current Strategy: The funds are positioned in the segments of the yield curve where returns are expected to be optimum. Standard deviation 2.09% Modified duration Average Maturity: : I-SEC Composite Index 4.95 Years 6.95 Years Yield to Maturity: 8.31% Portfolio Turnover Ratio 44.72 Times (IDFC GSF-PF) An Open Ended Dedicated Gilt Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 10.24 CBLO 10.24 8.19% - 2020 G-Sec SOV 87.13 Government Bond 87.13 Net Current Asset 2.63 Grand Total 100.00 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 16.664 Plan Option Freq NAV Plan A Growth 17.0177 Plan A Dividend Quarterly 11.9053 Plan A Dividend Annual 12.0156 Plan B Growth 17.2838 Plan B Dividend Quarterly 11.1794 # ^ # ## Mar 29, 2004 (Since Inception) 10.0000 6.80% 6.03% 3.79% 16,664 15,753 13,344 Dec 31, 2010 To Dec 30, 2011 15.2064 9.59% 6.55% 1.91% Dec 31, 2009 To Dec 31, 2010 14.6283 3.95% 6.04% 3.11% NA Dec 31, 2008 To Dec 31, 2009 15.9231-8.13% -2.99% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ## 10 Year GOI Rating & Ranking Value Research Ranking Morningstar Rating Past performance is no guarantee of future results. For Methodology of Ranking Please refer Page No. 41. 27

IDFC Government Securities Fund Investment Plan Nature: Debt Average AUM ( Oct-Dec): `13.91 Crores Inception Date: 09 March 2002 Fund Manager: Mr. Suyash Choudhary ( Since Oct 15, 2010) About the fund: The proposes to invest only in government securities with the aim of generating stable medium-term returns. Current Strategy: The funds are positioned in the segments of the yield curve where returns are expected to be optimum. Standard deviation 1.98% Modified duration Average Maturity: : I-Sec Composite Index 5.01 Years 7.05 Years Yield to Maturity: 8.31% Portfolio Turnover Ratio 52.08 Times (IDFC GSF-IP) An Open Ended Dedicated Gilt Fund 31 January 2012 Rating % of NAV Clearing Corporation of India Ltd 10.77 CBLO 10.77 8.19% - 2020 G-Sec SOV 88.67 Government Bond 88.67 Net Current Asset 0.55 Grand Total 100.00 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 19.6953 Plan Option Freq NAV Plan A Growth 20.0754 Plan A Dividend Quaterly 10.6729 Plan A Dividend Half Yearly 11.8560 Plan A Dividend Annual 13.2759 Plan B Dividend 10.3562 Plan B Growth 11.7886 # ^ # ## Mar 09, 2002 (Since Inception) 10.0000 7.15% NA 6.02% 19,695 NA 17,750 Dec 31, 2010 To Dec 30, 2011 17.9928 9.46% 6.55% 1.91% Dec 31, 2009 To Dec 31, 2010 17.3922 3.45% 6.04% 3.11% NA Dec 31, 2008 To Dec 31, 2009 19.1909-9.37% -2.99% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # I-Sec Composite Index ## 10 Year GOI 28

IDFC All Seasons Bond Fund Nature: Debt Average AUM ( Oct-Dec): `5.17 Crores Inception Date: 13 September 2004 Fund Manager: Mr. Suyash Choudhary ( w.e.f. 21 Oct 2010) About the fund: The aims to actively manage the interest rate environment by allocating funds to various fixed income schemes based on the interest rate outlook. Current Strategy: The fund is invested across duration products to optimize mix between accrual and positions around interest rate movements. Standard deviation 1.63% Modified duration Average Maturity: 0.12 Years 0.12 Years Yield to Maturity: 9.35% Portfolio Turnover Ratio 2.66 Times : Crisil Composite Bond Fund Index (CCBFI) (IDFC ASBF) An Open Ended Fund of Funds 31 January 2012 Rating % of NAV IDFC Cash Fund 100.26 Mutual Fund Units 100.26 Net Current Asset -0.26 Grand Total 100.00 Plan A Growth Option (NAV as on Dec 30, 2011` per Unit) 16.2594 Plan Option Freq NAV Plan A Growth 16.3811 Plan A Dividend Quaterly 11.7669 Plan A Dividend Half Yearly 11.2398 Plan A Dividend Annual 12.9301 Plan A Dividend Fortnightly 10.2772 # ^ # ## Sep 13, 2004 (Since Inception) 10.0000 6.89% 5.59% 4.46% 16,259 14,876 13,748 Dec 31, 2010 To Dec 30, 2011 15.1541 7.29% 6.90% 1.91% Dec 31, 2009 To Dec 31, 2010 14.5410 4.22% 4.96% 3.11% NA Dec 31, 2008 To Dec 31, 2009 15.3075-5.01% 3.50% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ## 10 Year GOI 29

IDFC Capital Protection Oriented Fund - Series I Nature: Debt Average AUM ( Oct-Dec): `146.51 Crores Inception Date: 31 March 2010 Fund Manager: Ms. Punam Sharma (Since Oct 03, 2011) About the fund: It will follow a passive investment style on both debt and equity. The debt portfolio has been constructed such that it matures around the maturity date of the portfolio and is of the highest credit quality (AAA rated). Initial equity allocation was within 15% of AUM. : Crisil MIP Blended Index (IDFC CPOF-S-I) A Three Year Close Ended 31 January 2012 Market Value % of NAV Reliance Industries Ltd 165.61 1.08 Infosys Ltd 159.35 1.04 ITC Ltd 133.06 0.87 ICICI Bank Ltd 126.56 0.83 HDFC Ltd 110.75 0.73 HDFC Bank Ltd 106.69 0.70 Larsen & Toubro Ltd 85.90 0.56 Tata Consultancy Services Ltd 69.50 0.46 State Bank of India 64.98 0.43 Bharti Airtel Ltd 54.89 0.36 Tata Motors Ltd 51.05 0.33 Hindustan Unilever Ltd 47.59 0.31 Oil & Natural Gas Corporation Ltd 45.02 0.29 Mahindra & Mahindra Ltd 37.60 0.25 Tata Steel Ltd 36.24 0.24 Top 15 Equity 1294.79 8.48 Other Equity 619.89 4.06 Corporate Bond 12224.65 80.04 Zero Coupon Bond 211.20 1.38 Mutual Fund Units 323.56 2.12 Call 160.04 1.05 Net Current Asset 438.63 2.87 Grand Total 15272.76 100.00 Option NAV Growth 10.7956 Dividend 10.7956 30

IDFC Capital Protection Oriented Fund - Series II Nature: Debt Average AUM ( Oct-Dec): `39.36 Crores Inception Date: 09 July 2010 Fund Manager: Ms. Punam Sharma (Since Oct 03, 2011) About the fund: It will follow a passive investment style on both debt and equity. The debt portfolio has been constructed such that it matures around the maturity date of the portfolio and is of the highest credit quality (AAA rated). Initial equity allocation was within 15% of AUM. : Crisil MIP Blended Index (IDFC CPOF-S-II) A Three Year Close Ended 31 January 2012 Market Value % of NAV Reliance Industries Ltd 42.48 1.06 Infosys Ltd 40.78 1.02 ITC Ltd 34.15 0.85 ICICI Bank Ltd 32.42 0.81 HDFC Ltd 28.39 0.71 HDFC Bank Ltd 27.41 0.68 Larsen & Toubro Ltd 22.02 0.55 Tata Consultancy Services Ltd 17.80 0.44 State Bank of India 16.68 0.42 Bharti Airtel Ltd 14.07 0.35 Tata Motors Ltd 13.10 0.33 Hindustan Unilever Ltd 12.18 0.30 Oil & Natural Gas Corporation Ltd 11.52 0.29 Mahindra & Mahindra Ltd 9.63 0.24 Tata Steel Ltd 9.26 0.23 Top 15 Equity 331.88 8.26 Other Equity 158.83 3.95 Corporate Bond 2906.41 72.36 Zero Coupon Bond 470.95 11.72 Net Current Asset 148.72 3.70 Grand Total 4016.79 100.00 Option NAV Growth 10.6326 Dividend 10.6326 31

IDFC Capital Protection Oriented Fund - Series III Nature: Debt Average AUM ( Oct-Dec): `16.57 Crores Inception Date: 20 August 2010 Fund Manager: Ms. Punam Sharma (Since Oct 03, 2011) About the fund: The aims to invest only in highly rated money market instruments including floating rate instruments with short term benchmarks. The seeks to generate returns predominantly through accrual income. : Crisil MIP Blended Index (IDFC CPOF-S-III) A Three Year Close Ended 31 January 2012 Market Value % of NAV Reliance Industries Ltd 17.59 1.04 Infosys Ltd 16.94 1.00 ITC Ltd 14.18 0.84 ICICI Bank Ltd 13.39 0.79 HDFC Ltd 11.78 0.70 HDFC Bank Ltd 11.41 0.68 Larsen & Toubro Ltd 9.20 0.55 Tata Consultancy Services Ltd 7.37 0.44 State Bank of India 6.93 0.41 Bharti Airtel Ltd 5.79 0.34 Tata Motors Ltd 5.42 0.32 Hindustan Unilever Ltd 5.08 0.30 Oil & Natural Gas Corporation Ltd 4.77 0.28 Mahindra & Mahindra Ltd 4.00 0.24 Tata Steel Ltd 3.83 0.23 Top 15 Equity 137.68 8.16 Other Equity 65.91 3.91 Corporate Bond 1355.68 80.33 Zero Coupon Bond 53.52 3.17 Net Current Asset 74.84 4.43 Grand Total 1687.63 100.00 Option NAV Growth 10.4903 Dividend 10.4903 32

IDFC SAVING SCHEME - SERIES I Nature: Debt Average AUM ( Oct-Dec): `30.86 Crores Inception Date: 08 November 2010 Fund Manager: Ms. Punam Sharma (Since Oct 03, 2011) : Crisil MIP Blended Index (IDFC SSS-I) A Close Ended Debt 31 January 2012 Market Value % of NAV Option NAV Growth 10.0429 Reliance Industries Ltd 35.04 0.93 Dividend 10.0429 Infosys Ltd 33.72 0.89 ITC Ltd 28.23 0.75 ICICI Bank Ltd 26.61 0.71 HDFC Ltd 23.42 0.62 HDFC Bank Ltd 22.69 0.60 Larsen & Toubro Ltd 18.35 0.49 Tata Consultancy Services Ltd 14.68 0.39 State Bank of India 13.79 0.37 Bharti Airtel Ltd 11.53 0.31 Tata Motors Ltd 10.80 0.29 Hindustan Unilever Ltd 10.09 0.27 Oil & Natural Gas Corporation Ltd 9.50 0.25 Mahindra & Mahindra Ltd 7.97 0.21 Tata Steel Ltd 7.62 0.20 Top 15 Equity 274.04 7.27 Other Equity 131.20 3.48 Corporate Bond 1983.91 52.62 Zero Coupon Bond 550.30 14.60 Mutual Fund Units 622.14 16.50 Call 150.04 3.98 Net Current Asset 58.63 1.56 Grand Total 3770.27 100.00 33

Fund Snapshot IDFC Equity Fund (IDFC - EF) IDFC Imperial Equity Fund (IDFC - IEF) IDFC Sterling Equity Fund (IDFC - SEF) IDFC Infrastructure Fund (IDFC - IF) IDFC Premier Equity Fund (IDFC - PEF) IDFC India GDP Growth Fund (IDFC - IGGF) IDFC Strategic Sector 50-50 Equity Fund (IDFC - SSEF) IDFC Nifty Fund (IDFC-NF) Nature of the Inception Date Open-ended Equity Fund June 9, 2006 Open-ended Equity Fund March 16, 2006 Open-ended Equity Fund March 7, 2008 Open Ended Infrastructure Sector Fund March 8, 2011 Open-ended Equity Fund September 28, 2005 Open-ended Equity Fund March 11, 2009 Open-ended Equity Fund October 3, 2008 Open-Ended Index Linked Equity April 30, 2010 Investment Objective The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments (including Equity Derivatives). The scheme may also invest in debt & money market instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The will predominantly invest in sterling equity and equity related instruments. Sterling equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap Index. The may also invest in stock other than mid cap stocks (i.e. in stocks, which have a market capitalisation of above the market capitalisation range of the defined small midcap stocks) and derivatives. On defensive consideration, the may also invest in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The investment objective of the scheme is to seek to generate longterm capital growth through an active diversified portfolio of predominantly equity related instruments of companies that are participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized. The shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. However there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the scheme is to seek to generate longterm capital appreciation by investing in equity and equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endeavour to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in debt & money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. The investment objective of the scheme is to seek to generate longterm capital appreciation by investing in Equity & Equity related instruments. The investment objective of the fund shall be achieved by investing up to fifty percent of the asset of the scheme in a chosen sector (Sector Specific Exposure) while the balance amount may be invested in companies across market capitalizations and a c r o s s s ectors (Diversified Exposure). The scheme may also invest in debt & money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. The investment objective of the scheme is to replicate the S&P CNX Nifty Index by investing in securities of the S&P CNX Nifty Index in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. Fund Manager Kenneth Andrade Tridib Pathak Kenneth Andrade Kenneth Andrade Kenneth Andrade Neelotpal Sahai Kenneth Andrade Punam Sharma (w.e.f. 3 Oct, 2011) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more 3 Years or more Minimum Investment Amount Plan A ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter ` 5,000/- and in multiples of thereafter. ` 25,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. ` 500/- and in multiples of thereafter. Plan B ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. ` 25,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. Additional Investment Amount Entry Load Exit Load Options Available 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 1 Sept 2009) Growth & Dividend 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 1 Sept 2009) Growth & Dividend Reinvestment facility is available under the Dividend Option. 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 11 Sept 2009) Growth & Dividend 1.00% if redeemed before 365 days from the date of investment. Growth,& Dividend.Reinvestment facility is available under the Dividend Option. 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 1 Sept 2009) Growth & Dividend Reinvestment facility is available under the Dividend Option. 1% if redeemed before 365 days from the date of investment. (w.e.f.) 01 Sept 2009) Growth & Dividend Reinvestment facility is also available under the dividend option. 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 1 Sept 2009) Growth,& Dividend.Reinvestment facility is available under the Dividend Option. All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged. (w.e.f. 07 Nov, 2011) Growth & Dividend Reinvestment facility is available under the Dividend Option Dividend Re-investment Dividend Frequency - - - - - - - SIP (Minimum Amount) ` 1,000/- ` 1,000/- ` 1,000/- ` 1,000/- ` 2,000/- ` 2,000/- ` 1,000/- `500/- SIP Frequency Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly SIP Dates, Weekly Fortnightly Monthly Lock in Face Value (`/Unit) NAV Frequency S&P CNX Nifty S&P CNX Nifty CNX Midcap CNX Infrastructure Index (w.e.f. 07 Dec, 2011) BSE 500 BSE 500 S&P CNX Nifty S&P CNX Nifty 34

Fund Snapshot IDFC Classic Equity Fund (IDFC - CEF) IDFC Tax Advantage (ELSS) Fund (IDFC-TA(ELSS) IDFC Tax Saver (ELSS) Fund (IDFC-TS(ELSS) IDFC Arbitrage Fund (IDFC-AF) IDFC Arbitrage Plus Fund (IDFC - APF) IDFC Monthly Income Plan (IDFC-MIP) IDFC Asset Allocation Fund - Aggressive Plan (IDFC-AAF-AP) IDFC Asset Allocation Fund - Conservative Plan (IDFC-AAF-CP) Nature of the Open-ended Equity Fund Open ended Equity Linked Saving with lock in period of 3 years 10 year closed ended Equity Linked Saving Open-ended Equity Fund Open-ended Equity Fund Open - Ended Debt Fund Open - Ended Fund of Funds Open - Ended Fund of Funds Inception Date August 9, 2005 December 26, 2008 March 15, 2007 December 21, 2006 June 9, 2008 February 25, 2010 February 11, 2010 February 11, 2010 Investment Objective The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized. The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. There can be no assurance that the investment objective of the scheme will be realised. The investment objective of the is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The investment objective of the is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debtand money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The primary objective of is to generate regular returns through investment primarily in debt securities. The secondary objective of the is to generate longterm capital appreciation by investing a portion of the 's assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. Fund Manager Tridib Pathak Neelotpal Sahai (w.e.f. 22 Sep, 2010) Neelotpal Sahai. (w.e.f. 22 Sep, 2010) Kenneth Andrade & Suyash Choudhary Kenneth Andrade & Suyash Choudhary Kenneth Andrade & Suyash Choudhary Punam Sharma (w.e.f. 3 Oct, 2011) Punam Sharma (w.e.f. 3 Oct, 2011) Ideal Investment Horizon 3 Years or more 3 Years or more 3 Years or more 1 Year or more 1 Year or more 1 Years or more 1 Year or more 1 Year or more Minimum Investment Amount Plan A Plan B ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. ` 500/- ` 500/- Plan A: ` 5,000/- Plan B: ` 25,00,000/- (w.e.f. 6 July, 2009) ` 5,000/- and in multiples of thereafter. ` 25 Lacs and in multiples of thereafter. ` 5,000/- and in multiples of thereafter and in multiples of `0.01 for switch-ins ` 5,000/- and in multiples of thereafter. ` 5,000/- and in multiples of thereafter. Additional Investment Amount ` 500/- ` 500/- Entry Load Exit Load Options Available 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 1 Sept 2009) Growth & Dividend Reinvestment facility is available under the Dividend Option Growth & Dividend Reinvestment facility is available under the Dividend Option (w.e.f. 4 Sep,2009) Growth, Dividend 0.25% if redeemed within 30 days from the date of purchase. (w.e.f. 12 Oct, 2009) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) 0.50% if redeemed before 365 days from the date of investment. (w.e.f. 24 Aug 2009) Growth, Dividend & Dividend Sweep 1% of the NAV shall be applicable to investors who redeem/switch out of such investments within one year (365 Days) from the date of subscription applying First in First Out basis, (including investments through SIP/STP). Growth, Dividend & (payout, reinvestment & auto sweep) 1.50% if redeemed before 18 months from the date of investment. Growth, Dividend & (payout & reinvestment) 1.50% if redeemed before 18 months from the date of investment. Growth, Dividend & (payout & reinvestment) Dividend Re-investment Dividend Frequency When available SIP (Minimum Amount) ` 1,000/- ` 500/- NA NA NA ` 1,000/- ` 1,000/- ` 1,000/- SIP Frequency Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly NA NA NA Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly SIP Dates, Weekly Fortnightly Monthly NA NA NA Lock in 3 Years 3 Years Face Value (`/Unit) NAV Frequency BSE 200 BSE 200 BSE 200 Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil MIP Blended Index Crisil Balanced Fund Index Crisil MIP Blended Index 35

Fund Snapshot IDFC Asset Allocation Fund - Moderate Plan (IDFC-AAF-MP) IDFC Cash Fund IDFC Money Manager Fund - Treasury Plan IDFC Super Saver Income Fund - Short Term Plan IDFC Super Saver Income Fund - Medium Term Plan IDFC Super Saver Income Fund - Investment Plan IDFC Dynamic Bond Fund Nature of the Open - Ended Fund of Funds Open-ended Liquid Fund Open-ended Income Fund Open-ended Income Fund Open-ended Income Fund Open-ended Income Fund Open-ended Income Fund Inception Date February 11, 2010 July 2, 2001 February 18, 2003 December 14, 2000 July 8, 2003 July 14, 2000 June 25, 2002 Investment Objective The primary objective of is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. IDFC - CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the will be realized. Fund Manager Punam Sharma Anupam Joshi Anupam Joshi Suyash Choudhary Anupam Joshi Suyash Choudhary Suyash Choudhary (w.e.f. 3 Oct, 2011) Ideal Investment Horizon 1 Year or more 1 Day or more 1 Day or more 9 Months or more 12 Months or more 1 Year or more 1 Year or more Minimum Investment Amount ` 5,000/- and in multiples of Plan A: ` 5,000 and in multiples of Plan A: ` 5,000 and in multiples of Plan A: ` 5,000 and in multiples of Plan A: ` 5,000 and in multiples of thereafter. thereafter, Plan B: ` 1 Crore and in multiples of thereafter, Plan C: ` 5 Crores and in multiples thereafter. thereafter, Plan B: ` 5 Crore and in multiples of thereafter, Plan F: ` 5,000 and in multiples of thereafter. thereafter, Plan B: ` 1 Crore and in multiples of thereafter, Plan C: ` 5 Crores and in multiples thereafter, Plan D: ` 25,000/- and in multiples of `1/- thereafter, Plan F: ` 5,000/- and in multiples of `1/- thereafter.(w.e.f. 4 Jan, 2012) thereafter, Plan B: ` 5 Crore and in multiples of thereafter, Plan C: ` 10 Crores and in multiples thereafter, Plan D: ` 5,000/- and in multiples of `1/- thereafter. Plan F: ` 5,000/- and in multiples of `1/- thereafter. Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 5 Crore and in multiples of thereafter, Plan C: ` 10 Crores and in multiples thereafter, Plan F: ` 5,000 and in multiples of thereafter Additional Investment Amount Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 5 Crore and in multiples of thereafter Entry Load Exit Load 1.50% if redeemed before 18 months from the date of investment. Plan A: Plan B: Plan C: Plan D: Plan F: 0.50% of NAV on investors who purchase / switch in and seek to redeem / switch out such units within 6 months from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (w.e.f 01 March, 2011) 0.60% of applicable NAV to the investors who purchase/ switch and seek to redeem/ switch out such investments within nine months from the date of effecting such purchase/ switch in. Investors opting for PEP/ Dividend reinvestment option/ SWP or switch between options within the plan will not be levied an exit load. (w.e.f 06 Feb, 2012) Plan A, Plan B, Plan C & Plan F: 1.00% if redeemed before 365 days from the date of investment. Plan A: Plan B: (w.e.f. 24 Aug 2009) Options Available Growth, Dividend & (payout & reinvestment) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Growth, Dividend & Dividend Sweep Growth, Dividend & Dividend Sweep Growth, Dividend, Dividend Sweep & Dividend Payout & Reinvestment option Growth, Dividend & Dividend Sweep Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Dividend Frequency Daily, Weekly with compulsory reinvestment, Monthly and ic Daily & Weekly with Compulsory reinvestment & Monthly Fortnightly & Monthly, (ic only in Plan C w.e.f. 21-Jan-2012) Daily, Bi - Monthly (once in two months) i.e. in the months of March, May, July, September, November & January, Fortnightly, Monthly& Quarterly (with reinvestment facility) (for Plan A) Monthly and Quarterly (with reinvestment) under Plan B Quarterly (March, June, September & December), Half Yearly (March & September) & Annual (March) Quarterly (March, June, September & December) & Annual (March) Dividend Re-investment SIP (Minimum Amount) ` 1,000/- Plan A: ` 1,000/- ` 1,000/- Plan A: ` 1,000/- Plan A: ` 1,000/- Plan A: ` 1,000/- Plan A: ` 1,000/- SIP Frequency Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly SIP Dates, Weekly Fortnightly Monthly Lock in Face Value (`/Unit) ` 1000/- (w.e.f. 05 Nov, 2011) NAV Frequency Daily Crisil MIP Blended Index Crisil Liquid Fund Index NSE MIBOR Index CRISIL Short Term Bond Fund Index CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index 36

Fund Snapshot IDFC Money Manager Fund - Investment Plan IDFC Government Securities Fund - Short Term Plan IDFC Government Securities Fund - Provident Fund Plan IDFC Government Securities Fund - Investment Plan IDFC Ultra short Term Fund IDFC All Seasons Bond Fund Nature of the Open-ended Income Fund Open Ended - Dedicated Gilt Fund Open Ended - Dedicated Gilt Fund Open Ended - Dedicated Gilt Fund Open Ended Income Fund Open-ended Fund of Funds Inception Date August 9, 2004 March 9, 2002 March 29, 2004 March 9, 2002 January 17, 2006 September 13, 2004 Investment Objective Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC GSF -ST is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by investing in Government Securities. IDFC GSF -IP is an open ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt oriented mutual fund schemesand money market instruments. However, there can be no assurance that the investment objectives of the will be realized Fund Manager Anupam Joshi Suyash Choudhary (w.e.f. 15 Oct 2010) Suyash Choudhary (w.e.f. 15 Oct 2010) Suyash Choudhary (w.e.f. 15 Oct 2010) Anupam Joshi Suyash Choudhary (w.e.f. 15 Oct 2010) Ideal Investment Horizon 6 Months or more 6 Months or more 1 Year or more 1 Year or more 3 Months or more 1 Year or more Minimum Investment Amount Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 5 Crore and in multiples of thereafter, Plan F: ` 5,000 and in multiples thereafter, Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 5 Crore and in multiples of ` 1/- thereafter Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 25 Lacs and in multiples of ` 1/- thereafter Plan A: ` 5,000 and in multiples of thereafter, Plan B: ` 1 Crore and in multiples of ` 1/- thereafter ` 10,000 and in multiples of thereafter (w.e.f. 30 Dec 2011) Plan A: ` 24,000 and in multiples of thereafter (w.e.f. 06 Sep 2011) Additional Investment Amount Entry Load Exit Load Plan A, Plan B & Plan F: Exit Load for all investment including SIP/Micro SIP/STP shall be 0.25% of the applicable NAV if redeemed / switched out within One Month from the date of allotment. (w.e.f March 01, 2011) Plan A & Plan B: 0.25% if redeemed before 30 days from the date of investment. (w.e.f. 24 Aug 2009) Plan A & Plan B: 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 24 Aug 2009) (w.e.f. 15 Jul 2011) For all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed /switched out within 100 days from the date of allotment. (w.e.f. 27 December 2011) Plan A: 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 06 Sep 2011) Options Available Growth, Dividend & Dividend Sweep Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) Dividend Frequency Dividend Re-investment Daily & Weekly (with reinvest facility in both plan A & plan B), Monthly, Quarterly & Annual, (ic only in Plan B w.e.f. 03- Feb-2012) Quarterly, Monthly Quarterly (March, June, September & December) & Annual (March) Quarterly, Half yearly, Yearly Daily with compulsory re-investment, Weekly with compulsory reinvestment, Monthly and Quarterly. - Quarterly, Half Yearly, Annual SIP (Minimum Amount) Plan A: ` 1,000/- Plan A: ` 1,000/- Plan A: ` 1,000/- Plan A: ` 1,000/- ` 1,000/- ` 1,000/- SIP Frequency Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly SIP Dates, Weekly Fortnightly Monthly Lock in Face Value (`/Unit) NAV Frequency NSE MIBOR Index ISEC Composite Index ISEC Composite Index ISEC Composite Index Crisil Liquid Fund Index CRISIL Composite Bond Fund Index 37

Fund Manager Details Fund Manager : Mr. Kenneth Andrade Managed: IDFC Premier Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 28.5325 # ^ # ## Sep 28, 2005 (Since Inception) 10.0000 18.24% 8.22% 9.65% 28,533 16,397 17,799 Dec 31, 2010 To Dec 30, 2011 34.7946-18.00% -27.41% -24.62% Dec 31, 2009 To Dec 31, 2010 26.3452 32.07% 16.35% 17.95% NA Dec 31, 2008 To Dec 31, 2009 13.0345 102.12% 90.23% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 500 ##CNX Nifty Managed: IDFC Sterling Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 14.9759 # ^ # ## Mar 07, 2008 (Since Inception) 10.0000 11.16% -1.61% -0.82% 14,976 9,401 9,691 Dec 31, 2010 To Dec 30, 2011 19.2884-22.36% -31.00% -24.62% Dec 31, 2009 To Dec 31, 2010 15.2116 26.80% 19.16% 17.95% NA Dec 31, 2008 To Dec 31, 2009 7.4166 105.10% 98.97% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Midcap ##CNX Nifty Managed: IDFC Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 13.3993 Managed: IDFC Strategic Sector (50-50) Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 12.4349 # ^ # ## Jun 09, 2006 (Since Inception) 10.0000 5.40% 8.98% 8.51% 13,399 16,133 15,754 Dec 31, 2010 To Dec 30, 2011 17.4782-23.34% -24.62% -24.64% Dec 31, 2009 To Dec 31, 2010 14.7471 18.52% 17.95% 17.43% NA Dec 31, 2008 To Dec 31, 2009 8.4732 74.04% 75.76% 81.03% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##BSE Sensex # ^ # ## Oct 03, 2008 (Since Inception) 10.0000 6.95% 6.09% 6.70% 12,435 12,111 12,338 Dec 31, 2010 To Dec 30, 2011 15.7983-21.29% -24.62% -24.64% Dec 31, 2009 To Dec 31, 2010 12.8738 22.72% 17.95% 17.43% NA Dec 31, 2008 To Dec 31, 2009 8.4816 51.79% 75.76% 81.03% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##BSE Sensex Fund Manager : Mr. Tridib Pathak Managed: IDFC Imperial Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 16.4303 Managed: IDFC Classic Equity Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 16.474 # ^ # ## Mar 16, 2006 (Since Inception) 10.0000 8.95% 6.41% 6.25% 16,430 14,332 14,207 Dec 31, 2010 To Dec 30, 2011 20.6858-20.57% -24.62% -24.64% Dec 31, 2009 To Dec 31, 2010 17.7610 16.47% 17.95% 17.43% NA Dec 31, 2008 To Dec 31, 2009 10.6418 66.90% 75.76% 81.03% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CNX Nifty ##BSE Sensex # ^ # ## Aug 09, 2005 (Since Inception) 10.0000 8.12% 10.32% 11.40% 16,474 18,743 19,944 Dec 31, 2010 To Dec 30, 2011 22.5009-26.79% -26.95% -24.62% Dec 31, 2009 To Dec 31, 2010 19.6719 14.38% 16.22% 17.95% NA Dec 31, 2008 To Dec 31, 2009 11.7757 67.06% 88.51% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200 ##CNX Nifty Fund Manager : Mr. Neelotpal Sahai. Managed: IDFC India GDP Growth Fund Dec 31, 2010 To Dec 30, 2011 17.8785-20.55% -27.41% -24.62% Dec 31, 2009 To Dec 31, 2010 15.0059 19.14% 16.35% 17.95% ^ Past performance may or may not be sustained in future # BSE 500 ##CNX Nifty Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 14.2049 # Managed: IDFC Tax Advantage (ELSS) Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 16.2436 # ^ # ## Dec 26, 2008 (Since Inception) 10.0000 17.48% 18.30% 17.34% 16,244 16,587 16,184 Dec 31, 2010 To Dec 30, 2011 21.1852-23.33% -26.95% -24.62% Dec 31, 2009 To Dec 31, 2010 17.0899 23.96% 16.22% 17.95% NA Dec 31, 2008 To Dec 31, 2009 10.0055 70.81% 88.51% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # BSE 200 ##CNX Nifty Fund Manager : Ms. Punam Sharma Managed: IDFC Asset Allocation Fund - Conservative Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 10.9975 Managed: IDFC Asset Allocation Fund - Moderate Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 11.119 # # Dec 31, 2010 To Dec 30, 2011 10.5783 3.96% 1.72% 1.91% ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Dec 31, 2010 To Dec 30, 2011 10.9602 1.45% 1.72% 1.91% ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Managed: IDFC Asset Allocation Fund - Aggressive Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 10.8183 Managed: IDFC Nifty Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 8.9064 # # Dec 31, 2010 To Dec 30, 2011 11.3909-5.03% -14.39% 1.91% ^ Past performance may or may not be sustained in future # CRISIL Balanced Fund Index ##10 Year GOI Dec 31, 2010 To Dec 30, 2011 11.6822-23.76% -24.62% -24.64% ^ Past performance may or may not be sustained in future # CNX Nifty ##BSE Sensex 38

Fund Manager Details Fund Manager : Mr. Kenneth Andrade & Mr. Suyash Choudhary Managed: IDFC Arbitrage Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 13.8183 # ^ # ## Dec 21, 2006 (Since Inception) 10.0000 6.64% 6.81% 3.80% 13,818 13,929 12,063 Dec 31, 2010 To Dec 30, 2011 12.8107 7.87% 8.15% -24.62% Dec 31, 2009 To Dec 31, 2010 12.1361 5.56% 5.12% 17.95% NA Dec 31, 2008 To Dec 31, 2009 11.7499 3.29% 4.86% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty Managed: IDFC Monthly Income Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 10.8009 Managed: IDFC Arbitrage Plus Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 12.3258 # ^ # ## Jun 09, 2008 (Since Inception) 10.0000 6.05% 6.54% 0.76% 12,326 12,528 10,274 Dec 31, 2010 To Dec 30, 2011 11.5693 6.54% 8.15% -24.62% Dec 31, 2009 To Dec 31, 2010 10.9617 5.54% 5.12% 17.95% NA Dec 31, 2008 To Dec 31, 2009 10.6136 3.28% 4.86% 75.76% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Liquid Fund Index ##CNX Nifty # Dec 31, 2010 To Dec 30, 2011 10.7444 0.53% 1.72% 1.91% ^ Past performance may or may not be sustained in future # CRISIL MIP Blended Index ##10 Year GOI Fund Manager : Mr. Anupam Joshi Managed: IDFC Money Manager Fund Treasury Plan # ^ # ## Feb 18, 2003 (Since Inception) 10.0000 5.99% 5.96% 5.04% 16,753 16,712 15,460 Dec 31, 2010 To Dec 30, 2011 15.4306 8.57% 7.96% 6.42% Dec 31, 2009 To Dec 31, 2010 14.6752 5.15% 5.19% 2.81% NA Dec 31, 2008 To Dec 31, 2009 13.9369 5.30% 3.63% 2.88% Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 16.7534 Managed: IDFC Money Manager Fund Investment Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 15.9028 # ^ # ## Aug 09, 2004 (Since Inception) 10.0000 6.47% 6.18% 5.04% 15,903 15,581 14,383 Dec 31, 2010 To Dec 30, 2011 14.6365 8.65% 7.96% 6.42% Dec 31, 2009 To Dec 31, 2010 13.9031 5.28% 5.19% 2.81% NA Dec 31, 2008 To Dec 31, 2009 13.1723 5.55% 3.63% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future #NSE Mibor Index ##1 Year T-Bill Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # NSE Mibor Index ##1 Year T-Bill Managed: IDFC Super Saver Income Fund Medium Term Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 17.8613 # ^ # ## Jul 08, 2003 (Since Inception) 10.0000 7.08% 6.15% 4.98% 17,861 16,594 15,099 Dec 31, 2010 To Dec 30, 2011 16.3628 9.16% 7.84% 6.42% Dec 31, 2009 To Dec 31, 2010 15.3333 6.71% 4.70% 2.81% NA Dec 31, 2008 To Dec 31, 2009 14.5156 5.63% 6.58% 2.88% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Fund Manager : Mr. Suyash Choudhary Managed: IDFC Super Saver Income Fund Short Term # ^ # ## Dec 14, 2000 (Since Inception) 10.0000 7.19% NA 5.77% 21,546 NA 18,582 Dec 31, 2010 To Dec 30, 2011 19.7304 9.20% 7.84% 6.42% Dec 31, 2009 To Dec 31, 2010 19.0240 3.71% 4.70% 2.81% NA Dec 31, 2008 To Dec 31, 2009 18.0472 5.41% 6.58% 2.88% Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 21.546 Managed: IDFC Dynamic Bond Fund Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 20.6817 # ^ # ## Jun 25, 2002 (Since Inception) 10.0000 7.93% 5.96% 5.98% 20,682 17,350 17,384 Dec 31, 2010 To Dec 30, 2011 18.6570 10.85% 6.90% 1.91% Dec 31, 2009 To Dec 31, 2010 18.0547 3.34% 4.96% 3.11% NA Dec 31, 2008 To Dec 31, 2009 18.8347-4.14% 3.50% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # # CRISIL Short-Term Bond Fund Index ##1 Year T-Bill Managed: IDFC Super Saver Income Fund Investment Plan Plan A Growth Option (NAV as on Dec 30, 2011 ` per Unit): 24.8726 ^ # ## Jul 14, 2000 (Since Inception) 10.0000 8.27% NA NA 24,873 NA NA Dec 31, 2010 To Dec 30, 2011 22.9044 8.59% 6.90% 1.91% Dec 31, 2009 To Dec 31, 2010 22.0410 3.92% 4.96% 3.11% NA Dec 31, 2008 To Dec 31, 2009 23.0745-4.48% 3.50% -8.66% Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI Greater than 1 year returns are Compounded Annualised Returns. ^ Past performance may or may not be sustained in future # CRISIL Composite Bond Fund Index ##10 Year GOI 39

Dividend History Last 3 Dividends (`/unit) : (IDFC - EF) An Open Ended Equity Fund (IDFC - APF) An Open Ended Equity Fund Contd. Contd... Date Plan Dividend NAV 18 Mar 11-1.00 11.6030 28 Jul 09-1.00 10.7530 14 May 08-1.50 13.0106 (IDFC - IEF) An Open Ended Equity Fund Date Plan Dividend NAV 25 Jan 12 Plan B 0.60 11.6409 25 Jan 11 Plan B 2.00 13.4751 25 Jan 12 Plan A 1.20 11.5926 25 Jan 11 Plan A 2.00 14.0831 15 Jun 09 Plan A 1.20 12.0942 08 Jun 09 Plan A 1.20 12.4523 14 May 08-1.50 13.9431 (IDFC - SEF) An Open Ended Equity Fund Date Plan Dividend NAV 29 Apr 2011-1.50 13.9282 29 Apr 2010-1.60 13.9863 29 Sep 2009-1.10 12.3972 (IDFC - PEF) An Open Ended Equity Fund Date Plan Dividend NAV 29 Mar 11 Plan B 2.00 18.6550 29 Mar 10 Plan B 2.00 18.4696 29 Mar 11 Plan A 2.40 22.5858 29 Mar 10 Plan A 2.40 22.3426 28 Apr 09-1.50 13.1031 (IDFC - IGGF) An Open Ended Equity Fund Date Plan Dividend NAV 31 May 11-1.50 12.6652 31 May 10-2.00 12.6450 (IDFC - CEF) An Open Ended Equity Fund Date Plan Dividend NAV 25 Feb 11 Plan B 2.00 10.3406 25 Feb 11 Plan A 2.00 11.9167 22 Oct 07 Plan A 1.50 15.2703 28 May 07 Plan A 1.50 13.2659 22 Aug 06-1.50 11.5580 (IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving with Lock in of 3 Years Date Plan Dividend NAV 23 Mar 11-1.00 11.6497 04 Feb 11-2.50 12.7651 23 Mar 10-1.00 14.3869 (IDFC - AF) An Open Ended Equity Fund Date Plan Dividend NAV 12-Jan-10 Plan A 0.02 10.3285 11-Feb-10 Plan A 0.02 10.3249 10-Mar-10 Plan A 0.01 10.3287 11-May-10 Plan B 0.01 10.5498 21-Jun-10 Plan B 0.01 10.5834 12-Jul-10 Plan B 0.01 10.5929 Date Plan Dividend NAV 09 Jan 12 Plan A 0.02 11.3106 09 Jan 12 Plan B 0.02 11.4238 12 Dec 11 Plan A 0.02 11.2551 12 Dec 11 Plan B 0.02 11.3655 17 Nov 11 Plan A 0.02 11.2276 17 Nov 11 Plan B 0.02 11.3356 (IDFC-AAF-AP) An Open Ended Fund of Funds Date NAV Other I & H 17 Nov 11 10.8897 0.0453 0.0529 09 Aug 11 11.0566 0.0453 0.0529 15 Apr 11 11.0829 0.0493 0.0529 (IDFC-AAF-MP) An Open Ended Fund of Funds Date NAV Other I & H 17 Nov 11 11.0175 0.0302 0.0352 13 Jul 11 11.0263 0.0302 0.0352 15 Apr 11 10.9071 0.0329 0.0352 (IDFC-AAF-CP) An Open Ended Fund of Funds Date NAV Other I & H 12 Dec 11 10.6389 0.0151 0.0176 17 Nov 11 10.5973 0.0151 0.0176 08 Sep 11 10.5916 0.0151 0.0176 (IDFC - CF) An Open Ended Liquid Fund Date NAV Freq Other I & H IDFC- CF Plan A 31 Jan 12 1058.1900 Daily 0.19386927 0.20211871 30 Jan 12 1058.1900 Daily 0.19268285 0.20088686 29 Jan 12 1058.1900 Daily 0.19268384 0.20088676 27 Jan 12 1001.0123 Weekly 1.2817 1.3363 20 Jan 12 1001.0123 Weekly 1.2737 1.3279 13 Jan 12 1001.0123 Weekly 1.2501 1.3033 30 Jan 12 1001.0123 Monthly 5.8648 6.1145 29 Dec 11 1001.0123 Monthly 5.3723 5.6009 29 Nov 11 1000.0093 Monthly 5.5688 5.8058 29 Dec 11 1003.4232 ic 20.2486 21.1105 IDFC-CF Plan B 31 Jan 12 1058.7300 Daily 0.19616154-30 Jan 12 1058.7300 Daily 0.19498595-29 Jan 12 1058.7300 Daily 0.19496863-27 Jan 12 1000.0061 Weekly 1.29410000 1.34920000 20 Jan 12 1000.0050 Weekly 1.28600000 1.34070000 13 Jan 12 1000.0038 Weekly 1.28690000 1.34170000 IDFC-CF Plan C 31 Jan 12 1000.2500 Daily 0.19449810 0.20277753 30 Jan 12 1000.2500 Daily 0.19401037 0.20226795 29 Jan 12 1000.2500 Daily 0.19402622 0.20228440 27 Jan 12 1000.0061 Weekly 1.3637 1.4217 20 Jan 12 1000.0058 Weekly 1.3529 1.4104 13 Jan 12 1000.0058 Weekly 1.3504 1.4079 30 Jan 12 1000.0096 Monthly 6.2329 6.4982 29 Dec 11 1000.0096 Monthly 5.7084 5.9514 29 Nov 11 1000.0060 Monthly 5.9333 6.1859 29 Dec 11 1003.3606 ic 13.2892 13.8549 26 Sep 11 10.0000 ic 0.0362 0.0378 07 Jul 11 10.0000 ic 0.0165 0.0172 (IDFC - MMF - TP) An Open Ended Income Fund Date NAV Freq Other I & H IDFC- MMF -TP Plan A 30 Jan 12 10.1746 Monthly 0.0575 0.0671 29 Dec 11 10.1746 Monthly 0.0532 0.0620 29 Nov 11 10.1746 Monthly 0.0554 0.0647 IDFC-MMF -TP Plan B 30 Jan 12 10.0844 Monthly 0.0609 0.0710 29 Dec 11 10.0844 Monthly 0.0563 0.0657 29 Nov 11 10.0844 Monthly 0.0587 0.0685 IDFC-MMF -TP Plan C 30 Jan 12 10.0010 Monthly 0.0606 0.0707 29 Dec 11 10.0010 Monthly 0.0561 0.0655 29 Nov 11 10.0010 Monthly 0.0586 0.0684 (IDFC - SSIF - ST) An Open Ended Income Fund Date NAV Freq Other I & H IDFC- SSIF-ST Plan A 27 Jan12 10.2180 Fortnightly 0.0245 0.0285 13 Jan12 10.2180 Fortnightly 0.0318 0.0371 30 Dec 11 10.2180 Fortnightly 0.0183 0.0214 30 Jan12 10.0654 Monthly 0.0616 0.0719 29 Dec 11 10.0654 Monthly 0.0748 0.0873 29 Nov 11 10.0654 Monthly 0.0544 0.0634 IDFC- SSIF-ST Plan B 27 Jan12 10.8919 Fortnightly 0.0270 0.0315 13 Jan12 10.8919 Fortnightly 0.0348 0.0406 30 Dec 11 10.8919 Fortnightly 0.0205 0.0239 30 Jan12 10.2097 Monthly 0.0646 0.0753 29 Dec 11 10.2097 Monthly 0.0778 0.0908 29 Nov 11 10.2097 Monthly 0.0572 0.0668 IDFC-SSIF-ST Plan C 27 Jan12 10.0985 Fortnightly 0.0254 0.0297 13 Jan12 10.0985 Fortnightly 0.0328 0.0382 30 Dec 11 10.0985 Fortnightly 0.0193 0.0226 30 Jan12 10.6093 Monthly 0.0682 0.0795 29 Dec 11 10.6093 Monthly 0.0818 0.0955 29 Nov 11 10.6093 Monthly 0.0606 0.0706 IDFC-SSIF-ST Plan D 27 Jan 12 11.0372 Fortnightly 0.0874 0.1020 03 Dec 10 10.0567 Fortnightly 0.0053 0.0057 19 Nov 10 10.0567 Fortnightly 0.014 0.015 30 Nov 10 10.1361 Monthly 0.0252 0.0271 29 Sep 10 10.0931 Monthly 0.0421 0.0452 31 Aug 10 10.0931 Monthly 0.0059 0.0063 (IDFC - SSIF - MT) An Open Ended Income Fund Date NAV Freq Other I & H IDFC- SSIF-MT Plan A 31 Jan 12 10.0887 Daily 0.00214907 0.00250734 30 Jan 12 10.0887 Daily 0.00674073 0.00786459 27 Jan 12 10.0887 Daily 0.00027285 0.00031825 30 Jan 12 10.6605 Bimonthly 0.1553 0.1812 30 Nov 11 10.6478 Bimonthly 0.0762 0.0889 29 Sep 11 10.6062 Bimonthly 0.1157 0.1350 27 Jan 12 10.0617 Fortnightly 0.0169 0.0197 13 Jan 12 10.0617 Fortnightly 0.0425 0.0496 30 Dec 11 10.0617 Fortnightly 0.0203 0.0237 30 Jan 12 10.1544 Monthly 0.0689 0.0803 29 Dec 11 10.1544 Monthly 0.0976 0.1139 29 Nov 11 10.1544 Monthly 0.0747 0.0871 29 Dec 11 10.1661 Quarterly 0.1726 0.2014 29 Sep 11 10.1411 Quarterly 0.1854 0.2164 30 Jun 11 10.1248 Quarterly 0.1342 0.1566 IDFC- SSIF-MT Plan B 30 Jan 12 10.0007 Monthly 0.0703 0.0820 29 Dec 11 10.0000 Monthly 0.0989 0.1154 29 Nov 11 10.0000 Monthly 0.0766 0.0893 30 Mar 11 11.4327 Annual 0.1203 0.1290 IDFC- SSIF-MT Plan B 29 Dec 11 11.4827 0.2035 0.2374 29 Sep 11 11.4526 0.4132 0.4820 IDFC- SSIF-MT Plan F 29 Dec 11 10.0919-0.2039 29 Sep 11 10.0660 0.4127 0.4127 30 Mar 11 10.0490 0.3073 0.3297 (IDFC - SSIF - IP) An Open Ended Income Fund Date NAV Freq Other I & H IDFC-SSIF-IP-Plan A 29 Dec 11 11.1677 Quarterly 0.2641 0.3081 29 Sep 11 11.1519 Quarterly 0.1791 0.2090 30 Jun 11 11.1408 Quarterly 0.0097 0.0113 29 Sep 11 10.9659 Half Yearly 0.2880 0.3360 30 Mar 11 10.9548 Half Yearly 0.1240 0.1330 29 Sep 10 10.8973 Half Yearly 0.1801 0.1933 30 Mar 09 10.9413 Annual 0.7663 0.8234 IDFC-SSIF-IP-Plan B 29 Dec 11 10.5257 0.2402 0.2802 29 Sep 11 10.4894 0.2911 0.3397 31 Mar 11 10.4778 0.3585 0.3847 IDFC-SSIF-IP-Plan C 31 Dec 09 10.1529 0.0227 0.0244 30 Jun 09 10.1243 0.0408 0.0438 (IDFC - DBF) An Open Ended Income Fund Date NAV Freq Other I & H IDFC- DBF - Plan A 29 Dec 11 11.7751 Quarterly 0.2017 0.2354 31 Dec 08 12.0332 Quarterly 0.2853 0.3066 30 Mar 09 10.5857 Quarterly 0.4158 0.4467 30 Mar 09 11.1462 Annual 0.8560 0.9197 IDFC- DBF - Plan B 29 Dec 11 10.4952 0.2786 0.3251 29 Sep 11 10.4658 0.3922 0.4576 31 Mar 11 10.4489 0.2635 0.2827 (IDFC - MMF - IP) An Open Ended Income Fund Date NAV Freq Other I & H IDFC- MMF -IP Plan A 31 Jan 12 10.0093 Daily 0.00000506 0.00000603 30 Jan 12 10.0093 Daily 0.00477889 0.00557570 27 Jan 12 10.0093 Daily 0.00309821 0.00361484 27 Jan 12 10.0233 Weekly 0.0120 0.0140 20 Jan 12 10.0233 Weekly 0.0127 0.0148 13 Jan 12 10.0233 Weekly 0.0131 0.0153 30 Jan 12 10.0434 Monthly 0.0584 0.0681 29 Dec 11 10.0434 Monthly 0.0516 0.0603 29 Nov 11 10.0434 Monthly 0.0554 0.0647 29 Dec 11 10.4020 Quarterly 0.1403 0.1637 29 Sep 11 10.3747 Quarterly 0.1478 0.1725 30 Jun 11 10.3500 Quarterly 0.1517 0.1770 30 Mar 09 10.5505 Annually 0.4158 0.4467 IDFC-MMF-IP Plan B 31 Jan 12 10.1667 Daily 0.00008831 0.00010303 30 Jan 12 10.1667 Daily 0.00510592 0.00595722 27 Jan 12 10.1667 Daily 0.00331181 0.00386398 27 Jan 12 10.0727 Weekly 0.0127 0.0148 20 Jan 12 10.0727 Weekly 0.0133 0.0155 13 Jan 12 10.0727 Weekly 0.0137 0.0160 30 Jan 12 10.1191 Monthly 0.0076 0.0089 29 Dec 11 10.0483 Monthly 0.0538 0.0627 29 Nov 11 10.0483 Monthly 0.0571 0.0666 40

Methodology of Ranking Value Research Rating Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3- year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Each category must have a minimum of 10 funds for it to be rated. Effective, July 2008, we have put an additional qualifying criteria, whereby a fund with less than `5 crore of average AUM in the past six months will not be eligible for rating. Five-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5%, middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 10% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity: Large Cap (48), Equity: Large & Mid Cap (56), Equity: Multi Cap (37), Equity: Mid & Small Cap (49) Equity: Tax Planning (29), Equity: Infrastructure (18), Equity: Banking (10), Hybrid: Equity-oriented (23), Hybrid: Debt-oriented Aggressive (14), Hybrid: Debt-oriented Conservative (41), Hybrid: Arbitrage (14) Debt: Income (65), Debt: Gilt Medium & Long Term (35), Debt: Short Term (20), Debt: Ultra Short Term (150), Debt: Liquid (100). These Fund Ratings are as on January 31, 2012. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. ICRA Mutual Fund Awards Disclaimer IDFC Premier Equity Fund has been ranked as a Seven Star Fund in the category of 'Open Ended Equity Mid & Small Cap' schemes for its 1 year performance till December 31, 2011. The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, company concentration, sector concentration, Liquidity Analysis and Fund size. The ranking methodology did not take into account loads imposed by the Fund. There were 36 schemes considered in 'Open Ended Equity Mid & Small Cap' category for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of IDFC Premier Equity Fund. Ranking Source & Publisher: ICRA Online Limited IDFC Premier Equity Fund has been ranked as a Seven Star Fund in the category of 'Open Ended Equity Mid & Small Cap' schemes for its 3 year performance till December 31, 2011. The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, company concentration, sector concentration, Liquidity Analysis and Fund size. The ranking methodology did not take into account loads imposed by the Fund. There were 27 schemes considered in 'Open Ended Equity Mid & Small Cap' category for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of IDFC Premier Equity Fund. Ranking Source & Publisher: ICRA Online Limited IDFC Dynamic Bond Fund has been ranked as a Seven Star Fund in the category of 'Open Ended Debt Long Term' schemes for its 1 year performance till December 31, 2011. The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, sector concentration, credit indicator and average maturity. The ranking methodology did not take into account loads imposed by the Fund. There were 25 schemes considered in 'Open Ended Debt Long Term' category for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of IDFC Dynamic Bond Fund Ranking Source & Publisher: ICRA Online Limited ICRA Credit Risk Rating IDFC Money Manager Fund - Treasury Plan: Credit Risk Rating AAA mfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. IDFC Money Manager Fund Investment Plan: Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. IDFC Cash Fund: Credit Risk Rating A1+ mfs - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest-credit-quality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. IDFC Super Saver Income Fund - Short Term Plan: Credit Risk Rating AAAmfs - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. Source: ICRA Ltd. CRISIL Credit Quality Rating IDFC Super Saver Income Fund - Investment Plan: Credit Quality Rating AAAf - The assigned rating AAAf is valid only for IDFC Super Saver Income Fund - Investment Plan. The rating of CRISIL is not an opinion on the Asset Management Company's willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. CRISIL Credit Quality Rating Methodology CRISIL's credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund's overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL's rating default and transition rates. Morningstar Rating This Morningstar-sourced information is provided to you by IDFC AMC and is at your own risk. Morningstar is not responsible for any damages or losses arising from any use of this information. Also, this information must not be relied upon without ppropriate verification. IDFC AMC informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performance is no guarantee of future results; and (iii) the value and income derived from investments can go down as well as up. The Morningstar fund rating methodology is based on a fund's risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The rating is based on NAV provided by respective funds. The current fund rating is for the 3 year period as of st Jan 31, 2012. IDFC Premier Equity Fund Growth has been rated 5-Star fund in the category of Small/Mid Cap schemes (140 s), IDFC Sterling Equity Fund Growth has been rated 4- Star fund in the category of Small/Mid Cap schemes (140 s), IDFC Imperial Equity Fund Growth has been rated 4-Star fund in the category of Large Cap schemes (318 s), IDFC Dynamic Bond Fund Growth has been rated 4-Star fund in the category of Intermediate Bond schemes (150 s), IDFC Gov Sec PF Fund Growth has been rated 4-Star fund in the category of Intermediate Government schemes (72 s), IDFC SS Inc M/T Fund Growth has been rated 4-Star fund in the category of Short-term Bond schemes (105 s), IDFC SS Inc ST Fund Growth has been rated 4-Star fund in the category of Short Term Bond schemes (105 s) 41

Risk Factors Risk Factors: Mutual Funds and securities investments are subject to market risks, reinvestment risk, changes in political, economic environment and government policy and there is no assurance or guarantee that the objectives of the /s will be achieved. The NAV of the /s can go up or down depending on factors and forces affecting the Securities Market including fluctuation in interest rates, trading volumes and reinvestment risk. Past performance of the Sponsor/AMC/Mutual Fund is not necessarily indicative of the future performance of the /s and may not necessarily provide a basis for comparison with other investments. IDFC Classic Equity Fund (IDFC - CEF), IDFC Equity Fund (IDFC - EF), IDFC Infrastructure Fund (IDFC-IF),IDFC Imperial Equity Fund (IDFC - IEF), IDFC Nifty Fund (IDFC NF), IDFC Premier Equity Fund (IDFC - PEF), IDFC Arbitrage Fund (IDFC - AF), IDFC Arbitrage Plus Fund (IDFC - APF), IDFC Sterling Equity Fund (SEF) Fund, (IDFC - SMEF), IDFC Strategic Sector (50-50) Equity Fund IDFC-SS (50-50)-EF, IDFC India GDP Growth Fund (IDFC-IGGF), IDFC Super Saver Income Fund - Investment Plan (IDFC - SSIF-IP), IDFC Tax Advantage (ELSS) Fund (IDFC TA-ELSS), IDFC Super Saver Income Fund - Medium Term (IDFC-SSIF-MT), IDFC Super Saver Income Fund - Short Term (IDFC-SSIF-ST), IDFC Cash Fund (IDFC-CF), IDFC Money Manager Fund - Treasury Plan (IDFC-MMF-TP), IDFC Money Manager Fund - Investment Plan(IDFC MMF-IP), IDFC Asset Allocation Fund Aggressive Plan (IDFC-AAF- AP) IDFC Asset Allocation Fund Conservative Plan (IDFC-AAF-CP), IDFC Asset Allocation Fund Moderate Plan (IDFC-AAF-MP), IDFC Dynamic Bond Fund (IDFC DBF) are names of the s and do not in any manner indicate either the quality of the s, their future prospects or returns. The Sponsor or any of its associates is not responsible or liable for any loss resulting from the operation of the s beyond the corpus of the Trust of `30,000/-. Terms of Issue & Load Structure: IDFC-CEF, IDFC-IEF, IDFC NF IDFC-PEF, IDFC-AF, IDFC - EF, IDFC-APF, IDFC-SEF, IDFC- SS(50-50)-EF,IDFC IF, IDFC-IGGF, IDFC-SSIF (IP), IDFC-SSIF (MT), IDFC TA( ELSS ) IDFC-SSIF (ST), IDFC-CF,IDFC-MMF-TP,IDFC-MMF-IP,IDFC-AAF-AP IDFC-AAF-CP, IDFC- AAF-MP, IDFC-DBF: During the continuous offer the AMC calculates and publishes NAVs and offers for sale and redemption of units of the on all Business days. Entry Loads for all the schemes.exit Load - For all the equity schemes (other than IDFC Arbitrage Fund, IDFC Arbitrage plus Fund and ELSS s of IDFC): All investment including SIP/STP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment-1%. No Entry Load/ Exit Loads/CDSC shall be chargeable in case of switches made between different options of the scheme. IDFC-AF - (Plan A & Plan B): is an Open Ended Equity scheme. 0.25% if redemption / switch is requested within 30 days from the date purchase during on going period. IDFC-APF - (Plan A & Plan B): 0.50% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. IDFC-SEF: The scheme is converted into open ended scheme w.e.f. September 11, 2009. After then during the Ongoing Offer load will be charged as follows: If redeemed within 1 year from the date of purchase(s) applying First in First out basis (including purchase made through the STP/SIP) -1.00%.No exit load /CDSC will be chargeable in case of switches made between different options of the schemes. IDFC-NF: All subscriptions including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged (w.e.f 07 Nov,2011). IDFC Tax Advantage (ELSS) Fund:. India IDFC-SSIF Investment Plan (IP) Plan A Plan B, plan C & Plan F - 1% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC DBF (Plan A & Plan B):-, IDFC-SSIF Medium Term Plan (MT) Plan A, Plan B & Plan F: Exit Load: 0.60% of applicable NAV to the investors who purchase / switch and seek to redeem / switch out such investments within nine months from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load (w.e.f. February 06, 2012). IDFC-SSIF Short Term Plan (ST) Plan A, B, C, D & F: 0.50% of NAV on investors who purchase / switch in and seek to redeem / switch out such units within 6 months from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (with effect from March 01, 2011) IDFC CF Plan A & Plan B;. IDFC MMF TP (Plan A, Plan B, Plan C, Plan D & Plan F), IDFC-MMF-IP-(Plan A, Plan B & Plan F): Exit Load for all investment including SIP/Micro SIP/STP shall be 0.25% of the applicable NAV if redeemed / switched out within One Month from the date of allotment. (with effect from March 01, 2011), IDFC-AAF-AP, IDFC-AAF-CP, and IDFC-AAF-MP: 1.50% of the NAV shall be applicable if investors who redeem / switch out such investments within 18 months from the date of subscription applying First in First Out basis, (including investments through SIP/STP). Switches between Plans (within the scheme) shall not attract load. IDFC-IF: 1% if redeemed within 365 days from the date of allotment/investment. Investment Objective: IDFC CEF: The investment objective of the scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-IEF: The investment objective of the is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-PEF: The shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments.however there is no assurance that the investment objective of the scheme will berealized. IDFC-AF & IDFC APF: The investment objective of the is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. The recurring expense of the scheme is in addition to the expenses of the schemes in which the Fund of Fund scheme makes investment.idfcef: The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments (Including Equity derivatives). The scheme may also invest in debt and money market instruments to generate reasonable income. However there is no assurance that the investmentobjective of the scheme will be realized. IDFC-SEF: The investment objective of the is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The will predominantly invest in small andmidcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap Index. The may also invest in stock other than mid cap stocks (i.e. in stocks, which have a market capitalization of above the market capitalization range of the defined small midcap stocks) and derivatives. On defensive consideration, the may also invest in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SS (50-50)-EF: The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in Equity and Equity related instruments. The investment objective of the fund shall be achieved by investing up to fifty percent of the assets of the scheme in a chosen sector (sector specific exposure) while the balance amount may be invested in companies across market capitalizations and across sectors (diversified exposure). The scheme may also invest in debt and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.. IDFC IGGF: The investment objective of the scheme is seek to generate long term capital appreciation by investing in Equity and Equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endevour to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in Debt and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC-IF: The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. However, there can be no assurance that the investment objective of the scheme will be realized. IDFC - SSIF-IP: Seek to generate stable returns by creating a portfolio that is invested in good quality fixed income and money market securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC TA (ELSS): The investment objective of the is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realized. IDFC NF: The investment objective of the scheme is to replicate the S&P CNX Nifty Index by investing in securities of the CNX Nifty Index in the same proportion/weigtage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC DBF: Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SSIFMT: Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SSIF-ST: Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-CF: IDFC-CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality moneymarket and debt instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-MMF-TP& IDFC-MMF-IP: Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in goodquality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-AAF-AP, IDFC-AAF-CP, and IDFC-AAF-MP: The primary objective of is to generate capital appreciation through investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. The recurring expense of the scheme is in addition to the expenses of the schemes in which the Fund of Fund scheme makes investment. IDFC MIP: The primary objective of is to generate regular returns through investment primarily in debt securities. The secondary objective of the is to generate long-term capital appreciation by investing a portion of the 's assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. IISL Disclaimer: S&P and Standard and Poor's are trademarks of the McGraw-hill Companies, Inc. ( S&P ), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement." Statutory Details: IDFC Mutual Fund has been set up as a trust by Infrastructure Development Finance Company Limited (IDFC) (liability restricted to corpus of Trust of `30,000) with IDFC AMC Trustee Company Ltd as the trustee and IDFC Asset Management Company Ltd as the investment manager. Investors in the scheme(s) are not being offered any guaranteed or assured rate of return. Copy of Information Document and Key Information Memorandum along with application form for all the schemes may be obtained from the office of IDFC Mutual Fund, One India Bulls Centre, 841, Jupiter Mills Compound, Senapati Bapat Marg,, Elphinstone Road, (West), Mumbai 400 013. Contact 1-800-226622 for details. For details please read the respective Information Document (SID)(including those of FMPs)/ Offer Document (OD) / Statement of Additional Information (SAI) carefully before investing. 42

A rejection can cost you dear! Rejection is not something most of us take lightly, be it in any walk of life. The same holds true while investing. Our records point out that most of the rejected applications are for the simple reason of oversight. Most of the times it is the inconsistency in entering the data, that proves to be the stumbling block. And what does it result in? You stand not only to lose the time & effort, but also the investing opportunity because sometimes the financial markets don t wait for you to correct the mistakes. R E J E C T E D Important Tips to ensure successful SIP. You need to fill 2 forms. a) Common Application Form ( CAF ) and b) SIP Forms. The SIP start date and End date should tally in the CAF and SIP Form. The SIP Frequency should be the same across all forms. The and the SIP amount should tally in both forms. Mandatory to state the 9 digit MICR code. It is on the basis of this that your bank account is correctly debited. Your signature is needed in 2 places in the Mandate Form for ECS viz. below the Signatures section & Authorization of the Bank Account Holder. Please do submit a copy of the cheque along with the Mandate form for ECS at the time of subscription. In case you change your bank account no, please do let us know else your SIP will be rejected. Please keep sufficient balance in your bank account on SIP due date. In case of any overwriting in the ECS/ Standing Instruction Form, please ensure the same is authenticated by your Signature. In case of Payable at par cheques, please check with your bank for the branch MICR code. Note: Form #2 (HDFC/ SCB Standing Instructions) & Form #3 (Mandate Form for ECS) will be sent to your bank to process your request. Therefore, it is essential that you update all your information correctly to avoid your request being rejected by your bank. Please Turn Overleaf for Contact Details.

IDFC AMC Offices WEST Ahmedabad : Ground Floor, Zodiac Avenue, Opp. Mayor s Bunglow, Near Law Garden, Ahmedabad - 380 006. Tel.: +91-79-64505881/ 5857. Bhopal : Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] - 462011 Goa : Advani Bussiness Centre, Neelkamal Arcade, A. B. Road, Panjim, Goa - 403 001. Tel.: +91-832-6650403, Fax: +91-832-6650310. Mobile: +91-9823289903. Indore : 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore - 452 001. Tel.: +91-731-4206927/ 4208048. Fax: +91-731-4206923. Mumbai : 17/18, 3rd Floor, Vasvani Mansion, 120, Dinshaw Vachha Road, Opp. K. C. College, Churchgate, Mumbai - 400 020. Tel.: +91-22-22876419. Mumbai (Thane) : Shop No. 25, Rajdeep Society, Gokhale Road, Opp. Income Tax Office, Thane (West) - 400 602. Nagpur : Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur - 440 010. Tel.: +91-712-6451428/ 2525657. Nashik : Kavita Complex, 2nd Floor, Madan Services, Near Big Bazar, College Road, Nasik - 422 005. Mobile: +91-9970625856. Pune : 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune - 411 004. Tel.: +91-20-66020965/ 4. Raipur : 227-228, 2nd Floor, Lalganga Shopping Mall, G. E. Road, Raipur - 492 001. Mobile: +91-9926908790. Rajkot : Star Plaza, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-281-6626012. Surat : U 15/16, Jolly Plaza, Athvagate, Surat - 395 001. Tel.: +91-261-2475060, 2475070. Vadodara : Ground Floor, Akash Ganga Complex, Adjacent to Vanijya Bhavan, Race Course Circle, Vadodara - 390 007. Tel.: +91-265-6620919/ 39. NORTH Agra : 9/4, Shanker Point Ground Floor, Near Income Tax Building, Sanjay Place, Agra-282002, Tel.:+915624064889 Amritsar : 6-FUF, 4th Floor, Central Mall, 32, Mall Road, Amritsar - 143 001. Mobile: 09356126222, Tel.: +91-183-5030393. Chandigarh : SCO 2475-76, 1st Floor, Sector 22, Chandigarh - 160 022. Tel.: +91-172-5071918/ 19/ 21/ 22, Fax: +91-172-5071918. Dehradun : 76/45, Saket, Lane No. 2, Rajpur Road, Dehradun 248 001. Mobile: 9897385226. Jaipur : G-7, G-8, Anukampa Towers, Church Road, Jaipur - 302 001. Tel.: +91-141-5105797, 5105798. Jalandhar : 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar-144001. Punjab-India. Tel.: 01815018264/ 01815061378/ 88. Kanpur : Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel.: +91-512-2331071, 2331119. Lucknow : Flat No. 2, 1st Floor, SAS House, 6B, Tej Bhadur Sapru Marg, Lucknow - 226 001. Tel.: +91-522-3056900/ 01/ 02/ 03/ 04/ 05.Fax: +91-522-3056900. Ludhiana : SCO 122, 2nd Floor, Feroze Gandhi Market, Ludhiana - 140 001. Tel.: +91-161-5022155, 5022156. Moradabad : +91-9837572638 New Delhi : 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-47311301/ 02/ 03/ 04/ 05. Varanasi : Premise 2,3rd Floor,Kuber Complex, Rathyatra, Varanasi-221010. Tel.: 0542-2226527, 6540214 SOUTH Bangalore : 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore - 560 001. Tel.: +91-80-66111504/ 05/ 06. Chennai : KRM Tower, 8th floor, No. 1, Harrington Road, Chetpet, Chennai - 600 031. Tel.: +91-44-45644201/ 202. Cochin : 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin - 682 016. Tel: +91-484-3012639/ 4029291, Fax: +91-484-2358639. Coimbatore : Red Rose Plaza, 509 H, II Floor, D. B. Road, R. S. Puram, Coimbatore - 641 002. Tel.: +91-422-2542645, 2542678. Hyderabad : 4th Floor, Central Plaza, #6-3-902/A, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082. Tel.: +91-40-42014646/ 47, Fax: +91-40-40037521. Madurai : Shop No 9, 2nd Floor, Ram Niwas, Door No. 279, Goodshed Street, Madurai 625001, Tel.: +91 98943 69124 Mangalore : Raj Business Centre, 3rd Floor, Raj Towers, Balmatta Road, Manglore - 575001. Tel. : +91 99010 33822 Trivandrum : Cabin No.502, 5th Floor, Karimpanal Statue Avenue, G.H.Road, Statue, TRIVANDRUM-695001 (Contact No. : Raj Narayanan - 094470 48028) Visakhapatnam : Visakha Executive Centre, 47-11-1/5, Eswar Arcade, Dwarakanagar,1st Lane, Visakhapatnam-530016, Tel.:+91 9701163444 investormf@idfc.com. www.idfcmf.com EAST Bhubaneswar : Shop No. 208, 2nd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar - 751 002. Guwahati : 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati - 781 007. Mobile: 9207410763, 9207410764, 9207410765, 9207410766 Jamshedpur : Room No 111, Ist Floor, Yash Kamal Complex, Main Road, Bishtupur, Jamshedpur 831001, Mobile No. : 9431102883. Kolkata : Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-40171000/ 1005. Patna : 406, AshianaHariniwas, New Dakbanglow Road, Patna - 800 001. Tel.: +91-612-6510353.