IDFC Fixed Maturity Plan - 366 Days Series 72 (IDFC-FMP-366-DS-72) IDFC Fixed Maturity Plan - 366 Days Series 73 (IDFC-FMP-366-DS-73) IDFC Fixed Maturity Plan - 366 Days Series 74 (IDFC-FMP-366-DS-74) IDFC Fixed Maturity Plan - 366 Days Series 75 (IDFC-FMP-366-DS-75) IDFC Fixed Maturity Plan - 366 Days Series 76 (IDFC-FMP-366-DS-76) IDFC Fixed Maturity Plan - 366 Days Series 78 (IDFC-FMP-366-DS-78) ABRIDGED ANNUAL REPORT 2012-13 IDFC Fixed Maturity Plan - 366 Days Series 71 (IDFC-FMP-366-DS-71)
TRUSTEE REPORT THE TRUSTEE REPORT COVERS FOLLOWING SCHEMES. 1) IDFC Fixed Maturity Plan - 366 Days Series 71 (IDFC-FMP-366-DS-71) 2) IDFC Fixed Maturity Plan - 366 Days Series 72 (IDFC-FMP-366-DS-72) 3) IDFC Fixed Maturity Plan - 366 Days Series 73 (IDFC-FMP-366-DS-73) 4) IDFC Fixed Maturity Plan - 366 Days Series 74 (IDFC-FMP-366-DS-74) 5) IDFC Fixed Maturity Plan - 366 Days Series 75 (IDFC-FMP-366-DS-75) 6) IDFC Fixed Maturity Plan - 366 Days Series 76 (IDFC-FMP-366-DS-76) 7) IDFC Fixed Maturity Plan - 366 Days Series 78 (IDFC-FMP-366-DS-78) TRUSTEE REPORT Dear Unit-holder, The Directors of IDFC AMC Trustee Company Limited hereby present the Thirteenth Annual Report of IDFC Mutual Fund for the year ended March 31, 2013. IDFC MUTUAL FUND IDFC Mutual Fund ( the Mutual Fund or the Fund ) previously known as Standard Chartered Mutual Fund (which was earlier known as ANZ Grindlays Mutual Fund) had been constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) vide a Trust Deed dated December 29, 1999. The office of the Sub-Registrar of Assurances at Mumbai had registered the Trust Deed establishing the Fund under the Registration Act, 1908. The Fund was registered with SEBI vide registration number MF/042/00/3 dated March 13, 2000. A deed of amendment to the Trust Deed has been executed and registered to recognize the change in the sponsor of the Mutual Fund. The deed of variation to the Trust Deed, dated May 30, 2008, made IDFC the sponsor of the Mutual Fund and IDFC AMC Trustee Company Limited, the Trustee. The Trust has been formed for the purpose of pooling of capital from the public for collective investment in securities / any other property for the purpose of providing facilities for participation by persons as beneficiaries in such properties/ investments and in the profits / income arising there from. IDFC / its nominees acquired 100% equity shares of the Asset Management Company and the Trustee Company and further contributed an amount of Rs.10, 000/- to the corpus of the Fund (the total contribution of the sponsors till date including this contribution, stands at Rs. 30,000). Natixis Global Asset Management Asia Pte. Ltd., a Singapore Limited company, which is a 100% indirect subsidiary of Natixis Global Asset Management ( NGAM ) has acquired on December 8, 2011, 25% of the total issued and paid up equity share capital plus one equity share in each of IDFC Asset Management Co. Ltd and IDFC AMC Trustee Company Ltd respectively. The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unit holders. The trustees been discharging its duties and carrying out the responsibilities as provided in the regulations and the trust deed. The trust seeks to ensure that the fund and the schemes floated there under are managed by the AMC in accordance with the trust deed and the regulations, directions and guidelines issued by the SEBI, the stock exchanges, the Association of the Mutual Funds in India. IDFC Mutual Fund as on March 31, 2013, offers 22 open ended schemes, 39 close ended schemes and 3 interval scheme. During the Financial year 2012-2013, 14 close ended schemes and 3 interval schemes, were launched by the Mutual Fund. The open ended schemes include 11 equity schemes, 7 Debt Schemes, 1 Liquid Scheme, 1 ELSS and 2 fund of fund schemes. The total Funds Under Management (FUM) under all its schemes as on March 31, 2013 aggregated to Rs.33,068.36 crore. The following are the Open-Ended Schemes (Debt & Equity) as on March 31, 2013: 1) IDFC Super Saver Income Fund (IDFC-SSIF) with Investment Plan, Short-Term Plan and Medium Term Plan 2) IDFC Cash Fund (IDFC-CF) 3) IDFC Government Securities Fund (IDFC-GSF) with Investment Plan, Short Term Plan and Provident Fund Plan 4) IDFC Dynamic Bond Fund (IDFC-DBF) 5) IDFC Money Manager Fund (IDFC-MMF) with Investment Plan and Treasury Plan 6) IDFC All Seasons Bond Fund (IDFC-ASBF) 7) IDFC Ultra Short Term Fund (IDFC-USTF) 8) IDFC Classic Equity Fund (IDFC-CEF) 9) IDFC Premier Equity Fund (IDFC-PEF) 10) IDFC Imperial Equity Fund (IDFC-IEF) 11) IDFC Arbitrage Fund (IDFC-AF) 12) IDFC Arbitrage Plus Fund (IDFC-APF) 13) IDFC Strategic Sector (50-50) Equity Fund (IDFC SS(50-50)EF) 14) IDFC Tax Advantage (ELSS) Fund (IDFC TA (ELSS) F) 15) IDFC India GDP Growth Fund (IDFC-GDP) 16) IDFC Asset Allocation Fund of Fund with Aggressive Plan (IDFC-AAF-AP), Conservative Plan(IDFC-AAF-CP) and Moderate Plan (IDFC-AAF-MP) 17) IDFC Monthly Income Plan (IDFC-MIP) 18) IDFC Equity Fund (IDFC-EF) 19) IDFC Sterling Equity Fund (IDFC-SEF) 20) IDFC Nifty Fund (IDFC-NF) 21) IDFC Infrastructure Fund (IDFC-IF) 22) IDFC Banking Debt Fund (IDFCBDF) The following are the Close Ended Schemes (Debt & Equity) as on March 31, 2013: 1. IDFC Fixed Maturity Plan Eighteen Months Series 9 2. IDFC Fixed Maturity Plan 2 Year Series 1 3. IDFC Fixed Maturity Plan Three Year Series 5 4. IDFC Fixed Maturity Plan 2 Year Series 2 5. IDFC Fixed Maturity Plan Eighteen Month Series 10 6. IDFC Fixed Maturity Plan Thirteen Months Series 7 7. IDFC Fixed Maturity Plan Thirteen Months Series 8 8. IDFC Fixed Maturity Plan Thirteen Months Series 11 9. IDFC Tax Saver (ELSS) Fund (IDFC TS (ELSS) F) 10. IDFC Fixed Maturity Plan Eighteen Month Series 11 11. IDFC Fixed Maturity Plan Thirteen Months Series 9 12. IDFC Fixed Maturity Plan 366 Days Series 71 13. IDFC Fixed Maturity Plan 366 Days Series 72 14. IDFC Fixed Maturity Plan 366 Days Series 73 15. IDFC Fixed Maturity Plan 366 Days Series 74 16. IDFC Fixed Maturity Plan 366 Days Series 75 17. IDFC Fixed Maturity Plan 366 Days Series 76 18. IDFC Fixed Maturity Plan 366 Days Series 78 19. IDFC Fixed Maturity Plan 366 Days Series 79 20. IDFC Fixed Maturity Plan 366 Days Series 82 21. IDFC Fixed Maturity Plan 366 Days Series 83 22. IDFC Fixed Term Plan Series 1 23. IDFC Fixed Term Plan Series 2 24. IDFC Fixed Term Plan Series 4 25. IDFC Fixed Term Plan Series 7 26. IDFC Fixed Term Plan Series 9 27. IDFC Fixed Term Plan Series 10 28. IDFC Fixed Term Plan Series 11 29. IDFC Fixed Term Plan Series 12 2 Abridged Schemewise Annual Report - 2012-13
TRUSTEE REPORT (Contd.) 30. IDFC Fixed Term Plan Series 13 31. IDFC Fixed Term Plan Series 14 32. IDFC Fixed Term Plan Series 16 33. IDFC Fixed Term Plan Series 17 34. IDFC Yearly Interval Fund Series I 35. IDFC Yearly Interval Fund Series II 36. IDFC Yearly Interval Fund Series III 37. IDFC Fixed Maturity Plan Yearly Series 65 38. IDFC Fixed Maturity Plan Thirty Six Months Series 2 39. IDFC Capital Protection Oriented Fund Series I 40. IDFC Capital Protection Oriented Fund Series II 41. IDFC Capital Protection Oriented Fund Series III 42. IDFC Saving Scheme Series I THE SPONSOR IDFC Mutual Fund is sponsored by IDFC Ltd. (IDFC). The sponsor is the settler of the Mutual Fund Trust. The sponsor has entrusted a sum of Rs. 30,000 to the Trustees as its contribution towards the corpus of the Mutual Fund. IDFC is a leading diversified financial institution providing a wide range of financing products and fee-based services with infrastructure as its focus area. IDFC s key businesses include project finance, investment banking, asset management, principal investments and advisory services. IDFC also works closely with government entities and regulators in India to advise and assist in formulating policy and regulatory frameworks that support private investment and public-private partnerships in infrastructure development. IDFC was established in 1997 as a private sector enterprise by a consortium of public and private investors and operates as a professionally managed commercial entity. IDFC listed its equity shares in India pursuant to an initial public offering in August 2005. As on March 31, 2013, IDFC s shareholders included the Government of India 17.26%, FII/FDI 54.2% and public / others [i.e. Resident individuals, Indian Financial Institutions, Bodies corporate, Insurance cos., mutual funds, Banks ] 28.02%. As on March 31, 2013, IDFC had an asset base of over USD 13.06 billion, net worth of USD 2.52 billion and market capitalization of USD 4.00 billion (calculate at USD = Rs. 54.39.) IDFC AMC TRUSTEE COMPANY LIMITED ANZ Trustee Company Private Limited, a company registered under the Companies Act, 1956, was established by Australia and New Zealand Banking Group (ANZ) and had been appointed as the Trustee of ANZ Grindlays Mutual Fund vide Trust Deed dated December 29, 1999, as amended from time to time. ANZ sold the mutual fund business to Standard Chartered Bank (SCB) in 2001, pursuant to which SCB held 100% stake in the equity share capital of the Trustee Company. SCB agreed to sell the business to Infrastructure Development Finance Company Limited (IDFC) in 2008. Pursuant to the transaction, IDFC/ its nominees hold 100% of the shares of the Trustee Company. The company has now been renamed as IDFC AMC Trustee Company Limited (which was earlier known as IDFC AMC Trustee Company Private Limited). On December 8, 2011, the sponsor, IDFC Ltd. which is also the shareholder of IDFC Asset Management Company Limited (AMC), sold 25% of the total issued and paid up equity share capital plus one equity share in IDFC AMC Trustee Company Limited to NGAM Asia, a Singapore Limited company, which is a 100% indirect subsidiary of NGAM. NGAM is an international asset management group with assets under management of US$779 billion as of December 31, 2012. Headquartered in Paris, France, NGAM is a multi-affiliate firm, with more than 20 independent investment affiliates offering a comprehensive range of products across all asset classes, styles and geographic zones to institutional and individual investors. In addition, NGAM possesses a proprietary distribution network to distribute its affiliate products in Europe, the Middle East, the Americas and Asia. NGAM is owned by Natixis, a French investment banking and financial services firm. Natixis is principally owned by BPCE, France s second largest banking group. BPCE is owned by banks comprising two autonomous and complementary retail banking networks consisting of the Caisse d Epargne regional savings banks and the Banque Populaire regional cooperative banks. After the sale, the sponsor/shareholder holds 74.998% and NGAM through its wholly-owned subsidiary NGAM Asia holds 25.002%, of the equity share capital of the Trustee Company. The company shall through its Board of Directors discharge its obligation as Trustee of IDFC Mutual Fund. The Trustee ensures that the transactions entered into by the AMC are in accordance with the SEBI Regulations and also review the activities carried on by the AMC. Abridged Schemewise Annual Report - 2012-13 The Directors of IDFC AMC Trustee Company Limited as on July 15, 2013 : Mr. Sunil Kakar Mr. Dattatraya M. Sukthankar Mr. Jamsheed G. Kanga Mr. Tara Sankar Bhattacharya Mr. Venkatesan Sridar Mr. Geoffroy Sartorius Mr. Barat Sumant Raut IDFC ASSET MANAGEMENT COMPANY LIMITED IDFC Asset Management Company Limited (which was earlier known as IDFC Asset Management Company Private Limited), a company incorporated under the Companies Act, 1956 on May 27, 2008, having its Registered Office at One India Bulls Centre, 841, Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road, (West), Mumbai 400 013 is the Asset Management Company of IDFC Mutual Fund. It had been appointed as the investment manager of the Mutual Fund vide a deed of variation to the Investment Management Agreement, dated May 30, 2008. The Deed of variation to the IMA was entered into between IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited. The Company originally known as ANZ Grindlays Asset Management Company Private Limited, was established by Australia and New Zealand Banking Group (ANZ), and had been appointed by the Trustee to act as the Investment Manager of the ANZ Grindlays Mutual Fund vide the Investment Management Agreement dated January 3, 2000. Consequent to sale of business by ANZ to Standard Chartered Bank (SCB) in 2001, 75% stake in the equity share capital of the AMC and 100% stake in the Preference Share Capital of the AMC had been transferred to SCB. IDFC acquired the equity and preference shares held by SCB in the Asset Management Company Private Limited (AMC) on May 30th 2008. IDFC also acquired the equity shares held by minority shareholders in the AMC. On December 8, 2011, NGAM Asia, a Singapore Limited company, which is a 100% indirect subsidiary of NGAM, acquired 25% of the total issued and paid up equity share capital plus one equity share in each of IDFC Asset Management Co. Ltd. and IDFC AMC Trustee Company Ltd. respectively. NGAM is an international asset management group with assets under management of US$779 billion as of December 31, 2012. Headquartered in Paris, France, NGAM is a multi-affiliate firm, with more than 20 independent investment affiliates offering a comprehensive range of products across all asset classes, styles and geographic zones to institutional and individual investors. In addition, NGAM possesses a proprietary distribution network to distribute its affiliate products in Europe, the Middle East, the Americas and Asia. NGAM is owned by Natixis, a French investment banking and financial services firm. Natixis is principally owned by BPCE, France s second largest banking group. BPCE is owned by banks comprising two autonomous and complementary retail banking networks consisting of the Caisse d Epargne regional savings banks and the Banque Populaire regional cooperative banks. IDFC Asset Management Company Limited through its subsidiary IDFC Investment Advisors Ltd. acts as a Portfolio Manager and is registered with SEBI under the SEBI (Portfolio Managers) Regulation Act, 1993, with registration number as INP000002064. IDFC Investment Advisors Ltd. is also Investment Manager to registered Venture Capital Fund - IDFC SPICE Fund. All these activities are not in conflict with the activities of the mutual fund. Shareholding pattern of the AMC: Shareholder Percentage IDFC / persons / entities nominated by IDFC 74.998% Natixis Global Asset Management Asia Pte. Ltd. 25.002% The Directors of IDFC Asset Management Company Limited as on July 15, 2013: Dr. Rajiv Lall Mr. Pradip Madhavji Mrs. Bakul Patel Mr.Vikram Limaye Mr. Eric Ward Mr. Vishwavir Das 3
TRUSTEE REPORT (Contd.) DETAILS OF THE SCHEME(s) AS ON MARCH 31, 2013 Name of Scheme Investment Objective Launch & Allotment Dates IDFC Fixed Maturity Plan - 366 Days Series 71 (IDFC-FMP-366DS71) IDFC Fixed Maturity Plan - 366 Days Series 72 (IDFC-FMP-366DS72) IDFC Fixed Maturity Plan 366 Days Series 73 (IDFC-FMP-366DS73) IDFC Fixed Maturity Plan 366 Days Series 74 (IDFC-FMP-366DS74) IDFC Fixed Maturity Plan 366 Days Series 75 (IDFC-FMP-366DS75) IDFC Fixed Maturity Plan 366 Days Series 76 (IDFC-FMP-366DS76) IDFC Fixed Maturity Plan 366 Days Series 78 (IDFC-FMP-366DS78) The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. 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 income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized April 24, 2012 & April 26, 2012 May 04, 2012 & May 09, 2012 May 18, 2012 & May 23, 2012 June 22, 2012 & June 26, 2012 July 6, 2012 & July 11, 2012 July 10, 2012 & July 17, 2012 June 01, 2012 & June 06, 2012 NAV (Growth) (Rs.) & FUM (Rs.) as on March 31, 2013 10.9030 & 47.46 crores 10.8694 & 125.48 crores 10.8530 & 112.65 crores 10.7251 & 206.47 crores 10.6532 & 26.37 crores 10.6324 & 40.69 crores 10.7967 & 105.59 crores PERFORMANCE OF THE SCHEMES AS ON MARCH 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 78 (IDFC FMP 366 DS 78) IDFC Fixed Maturity Plan - 366 Days Series 7 (IDFC FMP 366 DS 71) Period Scheme Returns (%)^ Benchmark Returns (%)^ Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (June 06, 2012) 7.89 % 7.21 % Since Allotment (April 26, 2012) 8.95 % 8.21 Benchmark Crisil Short Term Bond Fund Index IDFC Fixed Maturity Plan - 366 Days Series 72 (IDFC FMP 366 DS 72) Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (May 09, 2012) 8.61 % 7.90 % Benchmark Crisil Short Term Bond Fund Index IDFC Fixed Maturity Plan - 366 Days Series 73 (IDFC FMP 366 DS 73) Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (May 23, 2012) 8.45 % 7.63 % Benchmark Crisil Short Term Bond Fund Index IDFC Fixed Maturity Plan - 366 Days Series 74 (IDFC FMP 366 DS 74) Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (June 26, 2012) 7.17 % 6.70 % Benchmark Crisil Short Term Bond Fund Index IDFC Fixed Maturity Plan - 366 Days Series 75 (IDFC FMP 366 DS 75) Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (July 11, 2012) 6.46 % 6.28 % Benchmark Crisil Short Term Bond Fund Index IDFC Fixed Maturity Plan - 366 Days Series 76 (IDFC FMP 366 DS 76) Period Scheme Returns (%)^ Benchmark Returns (%)^ Since Allotment (July 17, 2012) 6.25 % 6.09 % Benchmark Crisil Short Term Bond Fund Index Benchmark Crisil Short Term Bond Fund Index ^ Growth Option Note: Returns more than one year is calculated on compounded annualized basis. Past performance may or may not be substantiated in future. INVESTOR SERVICES The convenience of transaction has been enhanced by introducing the following facilities through our website www.idfcmf.com: a. View & Print Account Statement Online. b. Purchase, Redeem & Switch online using a password which can be generated by the client on the website itself. c. Investor can map multiple folio s where the investor is the Sole Holder or 1st Holder. d. Option to invest online with Debit Card. As a part of Go Green Initiative, the following measures have been introduced: a. Account Statements by E-mail to the investors who have given their email ids. b. Regular Communications are being sent through Email. c. Transaction Confirmations are sent through SMS. d. SIP Maturity & Rejections are intimated to investors through SMS. Introduced the option of making purchases over phone. UNCLAIMED DIVIDEND & REDEMPTIONS FOR F.Y. 2012-2013: NIL STATUTORY DETAILS The price and redemption value of units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments. The Sponsors are not responsible or liable for any loss resulting from the operations of the scheme of the fund beyond their total contribution of Rs. 30,000 for setting up the fund and such other accretions / additions to the same. The sponsor shall be responsible to safeguard the interests of the unit holders and ensure that the AMC functions in the interest of the investors and in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the provisions of the Trust Deed and the Scheme Information Document of the scheme On written request and on payment of requisite fee present and prospective unit holders/investors can obtain copy of the trust deed, the annual report of the scheme and the asset management company and the text of the relevant scheme. Full Annual Report is also disclosed on the website (www.idfcmf.com) and is available for inspection at the Head Office of the Mutual Fund. 4 Abridged Schemewise Annual Report - 2012-13
TRUSTEE REPORT (Contd.) Redressal of Complaints received against Mutual Funds (MFs) during 2012-13: Name of Mutual Fund : IDFC Mutual Fund Total number of folios : 598498 Complaint Code IA Non receipt of Dividend on Units 1 62 63 - - - - - - - - I B Interest on delayed payment of Dividend - - - - - - - - - - - I C Non receipt of Redemption Proceeds - 142 139 3 - - - - - - - I D Interest on delayed payment of Redemption - - - - - - - - - - - II A Non receipt of Statement of Account/Unit Certificate - 23 23 - - - - - - - - II B Discrepancy in Statement of Account - 76 75 1 - - - - - - - II C Non receipt of Annual Report/Abridged Summary - - - - - - - - - - - III A Wrong switch between Schemes - - - - - - - - - - - III B Unauthorized switch between Schemes - - - - - - - - - - - III C Deviation from Scheme attributes - - - - - - - - - - - III D Wrong or excess charges/load - - - - - - - - - - - III E Non updation of changes viz. address, PAN, bank details, nomination, etc - 99 98 1 - - - - - - - IV Others - 586 573 11 2 - - - - - - VOTING POLICY TOTAL 1 988 971 16 2 - - - - - - BACKGROUND OF THE POLICY IDFC Asset Management Company Ltd. (AMC) is the asset management company for IDFC Mutual Fund. The AMC while managing the schemes would be obligated to act in the best interests of the investors and would participate in meetings and exercise voting rights as shareholders in the companies wherein the scheme has invested. This Policy lays down the broad guidelines to be adopted while considering matters in which the AMC deems necessary to participate as shareholders in companies. The AMC believes that while due diligence is exercised in the process of investment decision making; it would be the responsibility of the AMC to review performance on continual basis including matters proposed by the management for shareholders approval. The custodian shall inform the AMC upon receipt of notice from the company seeking shareholders approval, AMC shall review the impact of such matters placed for shareholders consideration and take decision on exercising its rights. In general, the AMC does not have the intention to participate directly or indirectly in the management of the companies but it will use its influence as a shareholder amongst others by exercising its voting rights in accordance with the best interests of its funds unit holders. PROXY VOTING GUIDELINES With respect to investments in group companies of the AMC, the AMC shall endeavor to abstain from voting for / against unless the resolution or the matter is detrimental to the interest of the investors. The AMC shall abstain from voting in any resolutions of any other companies unless the committee believes the resolution is not in the interest of investors. On receipt of notice from the investee company the Custodian shall inform the AMC, the resolutions for voting shall be discussed at the Investment committee meeting. With respect decision making the Investment Committee of the AMC shall review all proposals, even those that may be considered to be routine matters. Such proposals shall be considered based on the relevant facts and circumstances. Investment Manager may deviate from the general policies and procedures when it determines that the particular facts and circumstances warrant such deviation to protect the interests of the Clients. These guidelines cannot provide an exhaustive list of all the issues that may arise nor can Investment Manager anticipate all future situations. PROCESSES TO BE ADOPTED FOR PARTICIPATING IN GENERAL MEETING Delegation of powers to vote: The Chief Executive Officer/ Chief Investment Officer / Head Legal & Compliance of IDFC Asset Management Co. Ltd. will represent IDFC Mutual Fund as proxy voter or shall delegate authority to the Custodian of the fund to vote on behalf of IDFC Mutual Fund. Record keeping: The AMC shall maintain records of all notices received through the Custodian on matters placed for vote and decision (abstain/vote for or against) taken by the Investment Committee. The voting policy followed by IDFC MF is available on www.idfcmf.com. During the F.Y.2012-2013, there are no instances where IDFC MF had participated/voted for /against any resolutions of the companies. ACKNOWLEDGEMENT # Type of Complaint (a) No. of complaints pending at the beginning of the year (b) No. of Complaints received during the year # including against its authorized persons/ distributors/ employees. etc. * Non actionable means the complaint that are incomplete / outside the scope of the mutual fund The Board of Directors of IDFC AMC Trustee Company Limited wish to place on record their gratitude to the unitholders for their continued support and to the Securities and Exchange Board of India, the Reserve Bank of India, the Registrars, Bankers, the Custodians, IDFC Ltd. (IDFC), the present Sponsor of IDFCMF, Standard Chartered Bank, the erstwhile sponsor of the Mutual Fund, various service providers and business partners and the employees of the AMC for the support provided by them during the year. Within 30 days 30-60 days Resolved Action on (a) and (b) 60-180 days Non Beyond Actionable* 180 days 0-3 months 3-6 months Pending 6-9 months 9-12 months For IDFC AMC Trustee Company Limited (Trustees to IDFC Mutual Fund) Place : Mumbai Date : July 25, 2013 Sd/- Sunil Kakar Chairman Abridged Schemewise Annual Report - 2012-13 5
INDEPENDENT AUDITORS REPORT TO THE BOARD OF DIRECTORS OF IDFC AMC TRUSTEE COMPANY LIMITED Report on the Financial Statements We have audited the accompanying financial statements of the under mentioned Fixed Maturity Plans (the Schemes ) which comprise of the Balance Sheet as at respective maturity dates and the Revenue Account for the period ended on those dates and a summary of the significant accounting policies and other explanatory information. Name of the Scheme Period IDFC Fixed Maturity Plan - 366 Days Series 71 April 26, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 72 May 09, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 73 May23, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 74 June 26, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 75 July 11, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 76 July 17, 2012 (Date of Commencement) to March 31, 2013 IDFC Fixed Maturity Plan - 366 Days Series 78 June 06, 2012 (Date of Commencement) to March 31, 2013 Management s Responsibility for the Financial Statements The Managements of IDFC Trustee Company Limited (the Trustee ) and IDFC Asset Management Company Limited (the AMC ) are responsible for the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Scheme in accordance with accounting policies and standards as specified in the Ninth Schedule of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 ( the SEBI Regulations ) and in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Scheme s internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well asevaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the SEBI Regulations and give a true and fair view in conformity with the accounting principles generally accepted in India: (a) in the case of the Balance Sheet, of the state of affairs of the Schemes as at their respective maturity dates and (b) in the case of the Revenue Account, of the Surplus of the Schemes for the period ended on those dates. Emphasis of Matter We draw attention to Note No. 20 in Schedule 8-B of the financial statements wherein the Management of the AMC has explained its rationale regarding Accounting Standards issued by the Institute of Chartered Accountants of India as not being applicable to mutual funds. Our opinion is not qualified in respect of this matter. Report on Regulatory Requirements 1. As required by paragraph 55 of the Regulations, we report that : (a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. (b) The Balance Sheet and the Revenue Account dealt with by this Report are in agreement with the books of account of the Schemes. (c) The financial statements have been prepared in accordance with accounting policies and standards as specified in the Ninth Schedule of the SEBI Regulations. 2. As required by clause 2 (ii) of Eighth Schedule of the SEBI Regulations, we report that, Non - traded securities have been valued in accordance with the guidelines notified hy the Securities and Exchange Board of India In our opinion, these valuations are fair and reasonable. Mumbai, July 25, 2013. For DELOITTE HASKINS & SELLS Chartered Accountants (Registration No. 117365W) Sd/- Z. F. Billimoria Partner (Membership No. 42791) 6 Abridged Schemewise Annual Report - 2012-13
Abridged Balance Sheet as at March 31, 2013 IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- 366DS 71 366DS 72 366DS 73 366DS 74 366DS 75 366DS 76 366DS 78 As at As at As at As at As at As at As at Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 LIABILITIES 1 Unit Capital 4,398.49 11,703.06 10,434.58 19,306.50 2,520.76 3,846.27 9,779.43-2 Reserves & Surplus 347.75 845.00 830.88 1,340.18 115.88 223.11 779.13 2.1 Unit Premium Reserve - - - - - - - 2.2 Unrealised Appreciation Reserve - - 4.09 - - - 0.66 2.3 Other Reserves 347.75 845.00 826.79 1,340.18 115.88 223.11 778.47-3 Loans & Borrowings - - - - - - - - 4 Current Liabilities & Provisions 0.46 1.05 0.84 1.46 0.40 0.52 0.69 4.1 Provision for doubtful Income/Deposits - - - - - - - 4.2 Other Current Liabilities & Provisions 0.46 1.05 0.84 1.46 0.40 0.52 0.69 - TOTAL 4,746.70 12,549.11 11,266.30 20,648.14 2,637.04 4,069.90 10,559.25 ASSETS 1 Investments 1.1. Listed Securities: 1.1.1 Equity Shares - - - - - - - 1.1.2 Preference Shares - - - - - - - 1.1.3 Equity Linked Debentures - - - - - - - 1.1.4 Other Debentures & Bonds - - - - - - - 1.1.5 Securitised Debt securities - - - - - - - 1.2 Securities Awaited Listing: 1.2.1 Equity Shares - - - - - - - 1.2.2 Preference Shares - - - - - - - 1.2.3 Equity Linked Debentures - - - - - - - 1.2.4 Other Debentures & Bonds - - - - - - - 1.2.5 Securitised Debt securities - - - - - - - 1.3 Unlisted Securities 1.3.1 Equity Shares - - - - - - - 1.3.2 Preference Shares - - - - - - - 1.3.3 Equity Linked Debentures - - - - - - - 1.3.4 Other Debentures & Bonds - - - - - - - 1.3.5 Securitised Debt securities - - - - - - - 1.4 Government Securities 1.5 Treasury Bills - - - - - - - 1.6 Commercial Paper - - - - - - - 1.7 Certificate of Deposits 4,562.22 12,548.22 11,263.13 20,555.47 2,634.08 4,061.55 10,553.76 1.8 Bill Rediscounting - - - - - - - 1.9 Units of Domestic Mutual Fund - - - - - - - 1.10 Foreign Securities - - - - - - - Total Investments 4,562.22 12,548.22 11,263.13 20,555.47 2,634.08 4,061.55 10,553.76 2 Deposits - - - - - - - 3 Other Current Assets 184.48 0.89 3.17 92.67 2.96 8.35 5.49 3.1 Cash & Bank Balance 4.41 0.88 3.17 86.67 2.86 8.29 5.49 3.2 CBLO/ Reverse Repo Lending 180.07 - - 6.00 - - - 3.3 Others - 0.01 - $0.00 0.10 0.06-4 Deferred Revenue Expenditure - - - - - - - (to the extent not written off) TOTAL 4,746.70 12,549.11 11,266.30 20,648.14 2,637.04 4,069.90 10,559.25 Notes to Accounts - Annexure I $ Less than 0.005 Lakhs For IDFC Asset Management Company Limited Sd/- Sd/- Sd/- Sd/- Vikram Limaye Kenneth Andrade Anupam Joshi Sunil Kakar Director Chief Investment Officer Fund Manager Director For IDFC AMC Trustee Company Limited Rupees in Lakhs Place & Date : Mumbai, July 25, 2013 Abridged Schemewise Annual Report - 2012-13 7
Abridged Revenue Account For The Period Ended March 31, 2013 1 INCOME Notes to Accounts - Annexure I $ Less than 0.005 Lakhs For IDFC Asset Management Company Limited IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- 366DS 71 366DS 72 366DS 73 366DS 74 366DS 75 366DS 76 366DS 78 Period ended Period ended Period ended Period ended Period ended Period ended Period ended Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 1.1 Dividend - - - - - - - 1.2 Interest 400.97 1,031.77 890.89 1,420.98 166.88 250.49 779.78 1.3 Realised Gain / (Loss) on Foreign Exchange Transactions - - - - - - - 1.4 Realised Gains / (Losses) on Inter scheme sale of investments 0.01 $0.00 0.08 0.02 (0.05) 0.01 0.04 1.5 Realised Gains / (Losses) on External sale / redemption of investments 2.74 7.62 5.31 3.28 3.70 1.93 4.82 1.6 Realised Gains / (Losses) on Derivative Transactions - - - - - - - 1.7 Other Income - - - - - - - 2 EXPENSES (A) 403.72 1,039.39 896.28 1,424.28 170.53 252.43 784.64 2.1 Management fees 3.56 12.37 6.80 13.63 3.05 4.54 2.65 2.2 Service tax on Management fees 0.44 1.53 0.84 1.68 0.38 0.56 0.33 2.3 Transfer agents fees and expenses 0.51 0.66 0.59 0.89 0.34 0.34 0.48 2.4 Custodian fees 0.49 1.80 1.04 2.18 0.19 0.28 1.47 2.5 Trusteeship fees 0.02 0.02 0.02 0.02 0.02 0.02 0.02 2.6 Commission to Agents - - - - - - - 2.7 Marketing & Distribution expenses - - - - - - - 2.8 Audit fees 0.17 0.17 0.17 0.17 0.17 0.17 0.17 2.9 Other operating expenses 0.49 1.28 1.15 2.08 0.29 0.42 1.06 2.10 Less : Recoverable from AMC - - - - - - - (B) 5.68 17.83 10.61 20.65 4.44 6.33 6.18 3 NET REALISED GAINS / (LOSSES) FOR THE PERIOD (A -B = C) 398.04 1,021.56 885.67 1,403.63 166.09 246.10 778.46 4 Change in Unrealised Depreciation in value of investments (D) (1.03) (4.54) - (4.64) (1.60) (3.24) - 5 NET GAINS / (LOSSES) FOR THE PERIOD (E=(C-D)) 397.01 1,017.02 885.67 1,398.99 164.49 242.86 778.46 6 Change in unrealised appreciation in the value of investments (F) 7 NET SURPLUS / (DEFICIT) FOR THE PERIOD (E+F=G) 397.01 1,017.02 885.67 1,398.99 164.49 242.86 778.46 7.1 Add: Balance transfer from Unrealised Appreciation Reserve - - - - - - - 7.2 Less: Balance transfer to Unrealised Appreciation Reserve - - - - - - - 7.3 Add / (Less): Equalisation - - - - - - - 7.4 Transfer from Unit Premium Reserve - - - - - - - 8 Total 397.01 1,017.02 885.67 1,398.99 164.49 242.86 778.46 9 Dividend appropriation Sd/- Sd/- Sd/- Sd/- Vikram Limaye Kenneth Andrade Anupam Joshi Sunil Kakar Director Chief Investment Officer Fund Manager Director For IDFC AMC Trustee Company Limited Rupees in Lakhs 9.1 Income Distributed during the period (43.41) (131.04) (45.91) (47.66) (42.74) (17.40) - 9.2 Tax on income distributed during the period (5.87) (40.98) (12.98) (11.15) (5.90) (2.35) - 10 Retained Surplus / (Deficit) carried forward to Balance sheet 347.73 845.00 826.78 1,340.18 115.85 223.11 778.46 Place & Date : Mumbai, July 25, 2013 8 Abridged Schemewise Annual Report - 2012-13
Key Statistics for the period ended March 31, 2013 Rupees in Lakhs IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- IDFC-FMP- 366DS 71 366DS 72 366DS 73 366DS 74 366DS 75 366DS 76 366DS 78 Period ended Period ended Period ended Period ended Period ended Period ended Period ended Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 1. NAV per unit (Rs.): Growth Option (Plan A) Open - - - - - - - High 10.8946 10.8611 10.8451 10.7174 10.6458 10.6249 10.7889 Low 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 End 10.9030 10.8694 10.8530 10.7251 10.6532 10.6324 10.7967 Dividend Option (Plan A) Open - - - - - - - High 10.8724 10.8362 10.8195 10.6948 10.6232 10.6024 10.7889 Low 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 End 10.0488 10.0531 10.0603 10.0606 10.0615 10.0621 10.7967 Dividend (Periodic) Option (Plan A) Open - - - - - - - High 10.8724 10.8363 10.8195 10.7174 10.6241 10.6024 Low 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 - End 10.0488 10.0530 10.0603 10.7251 10.0620 10.0621 - Dividend (Quarterly) Option (Plan A) Open - - - - - - - High 10.4477 10.8362 10.3999 10.2770 10.2329 10.2291 Low 10.0000 10.0000 10.0000 10.0000 10.0000 10.0000 - End 10.0473 10.0530 10.0585 10.0591 10.0599 10.0606-2. Closing Assets Under Management (Rs. in Lakhs) End 4,746.24 12,548.06 11,265.46 20,646.68 2,636.64 4,069.38 10,558.56 Average (AAuM) 4,604.18 12,234.59 10,909.18 20,037.18 2,604.23 3,966.70 10,194.57 3. 1 Gross income as % of AAuM 9.41% 9.48% 9.58% 9.30% 9.05% 9.00% 9.40% 4. Expense Ratio: a. Total Expense as % of AAuM (plan wise) Plan A 0.13% 0.16% 0.11% 0.13% 0.24% 0.23% 0.07% b. Management Fee as % of AAuM (plan wise) Plan A 0.08% 0.11% 0.07% 0.09% 0.16% 0.16% 0.03% 5. 2 Net Income as a percentage of AAuM 9.28% 9.32% 9.47% 9.16% 8.82% 8.78% 9.32% 6. 3 Portfolio turnover ratio 2.02 1.87 1.84 0.33 4.31 1.96 1.81 7. Total Dividend per unit distributed during the year / period (plan wise) Plan - A Dividend Option (Plan A) Corporate 0.6433 0.6147 0.5968 0.5004 0.4457 0.4295 - Non- Corp 0.7505 0.7171 0.6963 0.5839 0.5200 0.5011 - Dividend (Quarterly) Option (Plan A) Corporate 0.6284 0.6147 0.5842 0.4909 0.4378 0.4221 - Non- Corp 0.7331 0.7171 0.6816 0.5727 0.5108 0.4925 - Dividend (Periodic) Option (Plan A) Corporate 0.6433 0.6147 0.5968-0.4463 0.4295 - Non- Corp 0.7505 0.7172 0.6963-0.5207 0.5011-8. Returns: a. Last One Year Scheme Plan A NA NA NA NA NA NA NA Benchmark NA NA NA NA NA NA NA b. Since Inception Scheme Plan A 8.95% 8.61% 8.45% 7.17% 6.46% 6.25% 7.89% Benchmark 8.21% 7.90% 7.63% 6.70% 6.28% 6.09% 7.21% Benchmark Index CRISIL Short - CRISIL Short - CRISIL Short - CRISIL Short - CRISIL Short - CRISIL Short - CRISIL Short - Term Bond Term Bond Term Bond Term Bond Term Bond Term Bond Term Bond Fund Index Fund Index Fund Index Fund Index Fund Index Fund Index Fund Index 1. Gross income = amount against (A) in the Revenue account i.e. Income. 2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD. 3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period. 4. AAuM= Average daily net assets. Note A. Portfolio Turnover is expressed as number of times B. March 31,2013 being a non-business day, Benchmark returns are not available. Therefore, Scheme returns and Benchmark returns are calculated as on March 28, 2013 which is last business day of the Financial Year 2012-2013. Abridged Schemewise Annual Report - 2012-13 9
Notes to Accounts - Annexure I to the Abridged Balance Sheet and Revenue Account for the Period ended March 31, 2013 1 Investments :- 1.1. All the investments are held in the name of the Scheme, (except for Government Securities which are held in the name of the fund) as per clause 7 of the Seventh Schedule under Regulation 44(1) of SEBI (Mutual Funds) Regulations, 1996. 1.2. Open Position of derivatives: NIL. 1.3. Investments in Associates and Group Companies: NIL. 1.4. Open position of Securities Borrowed and / or Lend by the scheme: NIL. 1.5. Details of NPA with Aggregate market value and provision thereof: NIL. 1.6. Aggregate Unrealised Gain / Loss as at the end of the Financial Year and percentage to net assets. Scheme / Category of Investment As at March 31, 2013 (Amount Rs in Lakhs) Appreciation % of Net Assets Depreciation % of Net Assets Net Appreciation / % of Net Assets Depreciation IDFCFMP-366DS 71 Money Market - - 1.03 0.02% (1.03) -0.02% IDFCFMP-366DS 72 Money Market - - 4.54 0.04% (4.54) -0.04% IDFCFMP-366DS 73 Money Market 4.09 0.04% - - 4.09 0.04% IDFCFMP-366DS 74 Money Market - - 4.64 0.02% (4.64) -0.02% IDFCFMP-366DS 75 Money Market - - 1.60 0.06% (1.60) -0.06% IDFCFMP-366DS 76 Money Market - - 3.24 0.08% (3.24) -0.08% IDFCFMP-366DS 78 Money Market 0.90 0.01% 0.25 ~0.00% 0.66 0.01% 1.7. Aggregate Value of Purchase and Sale with Percentage to average assets. Scheme Name 2012-2013 Purchases Sales Amount % to average Amount % to average (Rs. in lakhs) Net Assets (Rs. in lakhs) Net Assets IDFCFMP-366DS 71 13,482.19 292.83% 9,322.35 202.48% IDFCFMP-366DS 72 34,420.44 281.34% 22,903.75 187.20% IDFCFMP-366DS 73 30,436.86 279.00% 20,073.88 431.31% IDFCFMP-366DS 74 25,768.73 128.60% 6,621.61 33.05% IDFCFMP-366DS 75 13,697.57 525.97% 11,232.37 431.31% IDFCFMP-366DS 76 11,595.07 292.31% 7,782.61 196.20% IDFCFMP-366DS 78 28,192.96 276.55% 18,424.24 180.73% 1.8. Non-Traded securities in the portfolio: Scheme Name 2012-2013 Amount (Rs. in lakhs) % to average Net Assets IDFCFMP-366DS 71 4,562.22 96.12% IDFCFMP-366DS 72 12,548.22 100.00% IDFCFMP-366DS 73 11,263.13 99.98% IDFCFMP-366DS 74 20,555.47 99.56% IDFCFMP-366DS 75 2,634.08 99.90% IDFCFMP-366DS 76 4,061.55 99.81% IDFCFMP-366DS 78 10,553.76 99.95% 10 Abridged Schemewise Annual Report - 2012-13
Notes to Accounts - Annexure I to the Abridged Balance Sheet and Revenue Account for the Period ended March 31, 2013 (Contd.) 2 Details of Transaction with Associates under regulation 25(8) (a) Brokerage paid to associates/related parties/group companies of Sponsor/AMC Value of transaction (in Rs. Lakhs & % of total value of transaction of the fund) Brokerage (in Lakhs and % of total Brokerage paid by the Fund) Name of associates/related Nature of Association / Period Covered Rs. Lakhs % to total Rs. Lakhs % to total parties/group companies of Nature of relation transaction brokerage Sponsor/AMC of fund of fund IDFC Securities Ltd.* Associate Company FY 2012-13 36,908.62 1.47% 26.53 5.04% FY 2011-12 60,981.08 0.88% 41.72 2.77% Sharekhan Ltd. Associate Company FY 2012-13 28,681.26 1.04% 6.53 1.32% FY 2011-12 - - - - (b) Commission paid to associates/related parties/group companies of sponsor/amc Value of transaction (in Rs. Lakhs & % of total value of transaction of the fund) Commission (in Lakhs and % of total Commission paid by the Fund) Name of associates/related Nature of Association / Period Covered Rs. Lakhs % to total Rs. Lakhs % to total parties/group companies of Nature of relation transaction Commission Sponsor/AMC of fund of fund Sharekhan Ltd. Associate Company FY 2012-13 1,971.00 0.02% 2.65 0.08% Sharekhan Ltd. Associate Company FY 2011-12 539.36 ~0.00% 4.67 0.05% 3 Large Holdings in the Scheme (i.e. in excess of 25% of the net assets). : NIL 4 Refer Annexure II for unit capital movement during the period. 5 Prior Year Comparison - Since the schemes have been launched in the current year, the previous year figures are not applicable. 6 Contingent Liability - NIL 7 Expenses other than management fee is inclusive of service tax where applicable. 8 Transaction Cost : SEBI regulation states that the transactions cost incurred by Mutual Funds on execution of investment trades may either be capitalized or included as part of recurring expenditure within the limits prescribed under Regulation 52(6) of the SEBI (Mutual Funds) Regulations. Till August 1, 2012 such charges payable to the Clearing Corporation of India (CCIL charges) for the trades done in CBLO / REPO transactions were charged as a recurring expenditure with the limits prescribed under Regulation 52(6) of the SEBI (Mutual Funds) Regulations. With effect from August 1, 2012 the said transactions cost is capitalised as part of investment acquisition cost. $: Less than 0.01 lakhs * IDFC Securities Ltd was formerly known as IDFC SSKI Securities Ltd. ~ Less than 0.01% For IDFC Asset Management Company Limited Sd/- Sd/- Sd/- Sd/- Vikram Limaye Kenneth Andrade Anupam Joshi Sunil Kakar Director Chief Investment Officer Fund Manager Director For IDFC AMC Trustee Company Limited Place & Date : Mumbai, July 25, 2013 Abridged Schemewise Annual Report - 2012-13 11
Annexure II Rupees in Lakhs IDFCFMP-366DS 71 IDFCFMP-366DS 72 IDFCFMP-366DS 73 IDFCFMP-366DS 74 Unit capital Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 (Units) Amount (Units) Amount (Units) Amount (Units) Amount Units of Rs. 10 each fully paid Growth Option Plan A Units issued, initial offer 38,199,329.080 3,819.93 95,900,639.552 9,590.06 96,886,475.258 9,688.65 126,941,902.060 12,694.19 Units outstanding, beginning of the period - - - - - - - - Units issued during the period 38,199,329.080 3,819.93 95,900,639.552 9,590.06 96,886,475.258 9,688.65 126,941,902.060 12,694.19 Units repurchased during the period - - - - - - - - Units outstanding, end of the period 38,199,329.080 3,819.93 95,900,639.552 9,590.06 96,886,475.258 9,688.65 126,941,902.060 12,694.19 Dividend Option - Plan A Units issued, initial offer 5,730,608.110 573.06 499,005.632 49.90 6,056,482.803 605.65 3,761,621.136 376.16 Units outstanding, beginning of the period - - - - - - - - Units issued during the period 5,730,608.110 573.06 499,005.632 49.90 6,056,482.803 605.65 3,761,621.136 376.16 Units repurchased during the period - - - - - - - - Units outstanding, end of the period 5,730,608.110 573.06 499,005.632 49.90 6,056,482.803 605.65 3,761,621.136 376.16 Dividend (Periodic) Option - Plan A Units issued, initial offer 15,000.000 1.50 10,000.000 1.00 1,005,000.000 100.50 57,151,490.000 5,715.15 Units outstanding, beginning of the period - - - - - - - - Units issued during the period 15,000.000 1.50 10,000.000 1.00 1,005,000.000 100.50 57,151,490.000 5,715.15 Units repurchased during the period - - - - - - - - Units outstanding, end of the period 15,000.000 1.50 10,000.000 1.00 1,005,000.000 100.50 57,151,490.000 5,715.15 Dividend (Quarterly) Option - Plan A Units issued, initial offer 39,990.000 4.00 20,620,990.000 2,062.10 397,880.000 39.79 5,209,980.000 521.00 Units outstanding, beginning of the period - - - - - - - - Units issued during the period 39,990.000 4.00 20,620,990.000 2,062.10 397,880.000 39.79 5,209,980.000 521.00 Units repurchased during the period - - - - - - - - Units outstanding, end of the period 39,990.000 4.00 20,620,990.000 2,062.10 397,880.000 39.79 5,209,980.000 521.00 Total Units issued, initial offer 43,984,927.190 4,398.49 117,030,635.184 11,703.06 104,345,838.061 10,434.58 193,064,993.196 19,306.50 Units outstanding, beginning of the period - - - - - - - - Units issued during the period 43,984,927.190 4,398.49 117,030,635.184 11,703.06 104,345,838.061 10,434.58 193,064,993.196 19,306.50 Units repurchased during the period - - - - - - - - Units outstanding, end of the period 43,984,927.190 4,398.49 117,030,635.184 11,703.06 104,345,838.061 10,434.58 193,064,993.196 19,306.50 IDFCFMP-366DS 75 IDFCFMP-366DS 76 IDFCFMP-366DS 78 Unit capital Mar 31, 2013 Mar 31, 2013 Mar 31, 2013 (Units) Amount (Units) Amount (Units) Amount Units of Rs. 10 each fully paid Growth Option Plan A Units issued, initial offer 16,963,793.389 1,696.38 34,943,264.230 3,494.33 68,259,604.091 6,825.96 Units outstanding, beginning of the period - - - - - - Units issued during the period 16,963,793.389 1,696.38 34,943,264.230 3,494.33 68,259,604.091 6,825.96 Units repurchased during the period - - - - - - Units outstanding, end of the period 16,963,793.389 1,696.38 34,943,264.230 3,494.33 68,259,604.091 6,825.96 Dividend Option - Plan A Units issued, initial offer 7,944,370.000 794.44 600,960.000 60.10 29,534,714.832 2,953.47 Units outstanding, beginning of the period - - - - - - Units issued during the period 7,944,370.000 794.44 600,960.000 60.10 29,534,714.832 2,953.47 Units repurchased during the period - - - - - - Units outstanding, end of the period 7,944,370.000 794.44 600,960.000 60.10 29,534,714.832 2,953.47 Dividend (Periodic) Option - Plan A Units issued, initial offer 1,000.000 0.10 202,480.000 20.25 - - Units outstanding, beginning of the period - - - - - - Units issued during the period 1,000.000 0.10 202,480.000 20.25 - - Units repurchased during the period - - - - - - Units outstanding, end of the period 1,000.000 0.10 202,480.000 20.25 - - Dividend (Quarterly) Option - Plan A Units issued, initial offer 298,390.000 29.84 2,715,960.000 271.60 - - Units outstanding, beginning of the period - - - - - - Units issued during the period 298,390.000 29.84 2,715,960.000 271.60 - - Units repurchased during the period - - - - - - Units outstanding, end of the period 298,390.000 29.84 2,715,960.000 271.60 - - Total Units issued, initial offer 25,207,553.389 2,520.76 38,462,664.230 3,846.27 97,794,318.923 9,779.43 Units outstanding, beginning of the period - - - - - - Units issued during the period 25,207,553.389 2,520.76 38,462,664.230 3,846.27 97,794,318.923 9,779.43 Units repurchased during the period - - - - - - Units outstanding, end of the period 25,207,553.389 2,520.76 38,462,664.230 3,846.27 97,794,318.923 9,779.43 Risk Factors : Mutual fund investments are subject to market risks, read all scheme related documents carefully. 12 Abridged Schemewise Annual Report - 2012-13