Achieve your goals through disciplined investments.

Achieve your goals through disciplined investments. Open-ended Growth / Equity Schemes Open-ended Balanced Schemes Open-ended Equity Linked Savings Schemes Open-ended Index Linked Scheme Open-ended Income Schemes (Hybrid) Open-ended Fund of Fund Schemes Sponsors : Housing Development Finance Corporation Limited Registered Office : Ramon House, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020. Standard Life Investments Limited Registered Office : 1 George Street, Edinburgh, EH2 2LL United Kingdom. Asset Management Company : HDFC Asset Management Company Limited A Joint Venture with Standard Life Investments Registered Office : HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020. CIN: U65991MH1999PLC123027 Trustee : HDFC Trustee Company Limited Registered Office : HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020. CIN: U65991MH1999PLC123026 Product Labeling

NAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER HDFC Growth Fund Open-ended Growth Scheme capital appreciation over long term. investment predominantly in equity and equity related instruments HDFC Equity Fund Open-ended Growth Scheme capital appreciation over long term. investment predominantly in equity and equity related instruments of medium to large sized companies HDFC Top 200 Fund Open-ended Growth Scheme capital appreciation over long term investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the S&P BSE 200 Index. HDFC Capital Builder Fund Open-ended Growth Scheme capital appreciation over long term. investment predominantly in equity and equity related instruments of strong companies. HDFC Core & Satellite Fund Open-ended Growth Scheme capital appreciation over long term. investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their true value. HDFC Premier Multi-Cap Fund Open-ended Growth Scheme capital appreciation over long term. investment predominantly in equity and equity related instruments of Mid Cap and Large Cap 'blue chip' companies. HDFC Large Cap Fund An open ended equity scheme capital appreciation over long term. investment in equity and equity related instruments of large cap companies HDFC Index Fund - Nifty Plan Open-ended Index Linked Scheme HDFC Index Fund - SENSEX Plan Open-ended Index Linked Scheme returns that are commensurate with the performance of the Nifty, subject to tracking errors over long term investment in equity securities covered by the Nifty returns that are commensurate with the performance of the SENSEX, subject to tracking errors over long term investment in equity securities covered by the SENSEX Moderately Low Moderate Moderately High HDFC Index Fund - SENSEX Plus Plan Open-ended Index Linked Scheme HDFC Long Term Advantage Fund Open-ended Equity Linked Savings Scheme with lock-in period of 3 years capital appreciation over long term. investment in equity securities of 80% to 90% of the net assets of the Plan in companies whose securities are included in SENSEX and between 10% & 20% of the net assets in companies whose securities are not included in the SENSEX. capital appreciation over long term. investment predominantly in equity and equity related instruments. Low LOW Investors understand that their principal will be at moderately high risk High HIGH HDFC TaxSaver Open-ended Equity Linked Savings Scheme with lock-in period of 3 years HDFC Balanced Fund Open-ended Balanced Scheme HDFC Prudence Fund Open-ended Balanced Scheme HDFC MF Monthly Income Plan (Short Term Plan and Long Term Plan) Open-ended Income Scheme HDFC Multiple Yield Fund Open-ended income Scheme HDFC Multiple Yield Fund- Plan 2005 Open-ended income Scheme growth of capital over long term. investment predominantly in equity and equity related instruments. capital appreciation along with current income over long term. investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments. periodic income with capital appreciation and prevention of capital erosion over long term. investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments. regular income over medium to long term. investment in debt and money market instruments as well as equity and equity related instruments. positive returns over medium term with low risk of capital loss over medium term. investment in debt and money market instruments with maturity of 1 year (85%) as well as equity and equity related instruments (15%). positive returns over medium term with low risk of capital loss over medium term. investment in debt and money market instruments with maturity of 15 months (85%) as well as equity and equity related instruments (15%). *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

NAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER HDFC Gold Fund Open-ended Fund Of Fund Scheme HDFC Dynamic PE Ratio Fund of Funds An open ended fund of funds scheme capital appreciation over long term. investment in Units of HDFC Gold Exchange Traded Fund (HGETF). HGETF invests in gold bullion of 0.995 fineness. capital appreciation over long term. investment in specified equity and debt schemes of HDFC Mutual Fund based on PE Ratios Moderately Low Moderate Moderately High HDFC Mid-Cap Opportunities Fund Open-ended Equity Scheme HDFC Small and Mid Cap Fund An open ended equity scheme capital appreciation over long term. investment predominantly in equity and equity related instruments of Small and Mid Cap companies. capital appreciation over long term. investment predominantly in equity and equity related instruments of Small-Cap and Mid-Cap companies Low LOW Investors understand that their principal will be at moderately high risk High HIGH HDFC Arbitrage Fund Open-ended Equity Fund income over short term. income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment Moderately Low Moderate Moderately High Low High LOW Investors understand that their principal will be at moderately low risk HIGH HDFC Infrastructure Fund Open-ended Equity Scheme capital appreciation over long term. investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure. Moderately Low Moderate Moderately High Low High LOW HIGH Investors understand that their principal will be at high risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

TABLE OF CONTENTS HDFC Growth Fund (HGF)...1 HDFC Equity Fund (HEF)...2 HDFC Top 200 Fund (Ht200)...3 HDFC Capital Builder Fund (HCBF)...4 HDFC Core & Satellite Fund (HCSF)...5 HDFC Premier Multi-Cap Fund (HPMCF)...6 HDFC Mid-Cap Opportunities Fund (HMCOF)...7 HDFC Infrastructure Fund (HINFR)...8 HDFC Arbitrage Fund (HAF)...9 HDFC Large Cap Fund (HLCF)...10 HDFC Small and Mid Cap Fund...11 HDFC Balanced Fund (HBF)...12 HDFC Prudence Fund (HPF)...13 HDFC Long Term Advantage Fund (HLTAF)...14 HDFC TaxSaver (HTS)...15 HDFC Index Fund (HIF)...16 HDFC MF Monthly Income Plan (HMIP)...18 HDFC Multiple Yield Fund (HMYF)...20 HDFC Multiple Yield Fund - Plan 2005 (HMYF 05)...21 HDFC Gold Fund (HGOF)...22 HDFC Dynamic PE Ratio Fund of Funds (HDPEFOF)...24 Information Common to Schemes...26 Application Form...39 Instructions to Application Form...59 FATCA, CRS & Ultimate Beneficial Ownership (UBO) Self Certification Form For Non-individuals...65 Third Party Payment Declaration Form...71 Systematic Investment Plan (SIP)/ Micro Systematic Investment Plan (Micro SIP) Enrolment Form...75 [(For NACH/ ECS (Debit Clearing) / Direct Debit Facility / Standing Instruction)] Systematic Investment Plan (SIP)/ Micro Systematic Investment Plan (Micro SIP) Enrolment Form...85 [(For Investments through ECS (Debit Clearing) / Direct Debit Facility/Standing Instruction)] Systematic Withdrawal Advantage Plan Form (SWAP Form)...91 Page No. Official Points of Acceptance...93

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) An Open-ended Growth Scheme HDFC GROWTH FUND (HGF) To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. Types of Instruments Normal Allocation (% of Net Assets) Equities & Equity related instruments 80-100 Debt Securities, Money Market instruments & Cash (including CBLO/Reverse Repos) 0-20 The Scheme will not invest in Securitised Debt. The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities subject to SEBI (Mutual Funds) Regulations, 1996. Maximum exposure to investment in Foreign Securities will be restricted to 20% of the net assets. The Scheme will not invest in Foreign Securitised Debt. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Growth Fund Growth HDFC Growth Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 500 or 50 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. S&P BSE SENSEX Please refer to point 4 on page 37 for details. Mr. Srinivas Rao Ravuri Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HGF - Growth Option Absolute for each for last 5 years^ Period Benchmark HGF S&P BSE SENSEX (%)^ (%)# 10 Last 1 Year (365 days) 2.30-1.79 8 6 Last 3 Years (1097 days) 12.01 11.69 4 34.56% Last 5 Years (1826 days) 6.47 5.44 18.04% 2 10.01% 10.94% 11.89% 18.85% 24.89% Since Inception* (5497 days) 18.42 12.08 5.10% -2-2.61% -9.78% greater than one year are compounded annualized (CAGR). -4 *Inception Date: September 11, 00 10-11 11-12 12-13 13-14 14-15 # S&P BSE SENSEX Since inception returns are calculated on Rs. 10 (allotment price) Due to an overall sharp rise in the stock prices HGF - Direct Plan - Growth Option Absolute for each for last 2 years^ Period Benchmark HGF - Direct Plan S&P BSE SENSEX (%)^ (%)# 4 35.22% Last 1 Year (365 days) 2.83-1.79 32.00% 24.89% Since Inception* (1002 days) 11.98 11.12 24.00% 18.85% 16.00% 12.36% greater than one year are compounded annualized (CAGR). 8.00% *Inception Date: January 01, 13 # S&P BSE SENSEX Since inception returns are calculated on Rs. 94.763 (allotment price) 13-14 14-15 Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HGF : 2.45% p.a. HGF - Direct Plan : 1.97% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 1,123.37 97,629 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015 1

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme An Open-ended Growth Scheme To achieve capital appreciation. HDFC EQUITY FUND (HEF) Types of Instruments Normal Allocation (% of Net Assets) Equities & Equity related instruments 80-100 Debt and Money Market instruments* 0-20 *Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme. The Scheme may seek investment opportunity in the ADR / GDR / Foreign Securities (max. 40% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 25% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Equity Fund Growth HDFC Equity Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index CNX 500 Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 500 or 50 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. Please refer to point 4 on page 37 for details. Mr. Prashant Jain Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HEF - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 0.38 3.59 Last 3 Years (1097 days) 17.12 13.82 Last 5 Years (1826 days) 8.43 6.17 Since Inception* (7577 days) 20.06 9.55 greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 95 # CNX 500 Since inception returns are calculated on Rs. 10 (allotment price) Absolute for each for last 5 years^ HEF CNX 500 12 10 8 6 4 2-2 -4-6 19.89% 7.26% -7.40% -8.19% 10-11 11-12 12-13 41.49% 22.45% 33.56% 6.23% 7.49% 17.72% HEF - Direct Plan - Growth Option Absolute for each for last 2 years^ Period Benchmark HEF - Direct Plan CNX 500 (%)^ (%)# 5 42.53% 4 Last 1 Year (365 days) 1.20 3.59 33.56% 3 Since Inception* (1002 days) 16.70 12.70 23.29% 2 17.72% greater than one year are compounded annualized (CAGR). 1 *Inception Date: January 01, 13 # CNX 500 Since inception returns are calculated on Rs. 296.876 (allotment price) 13-14 14-15 Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HEF : 2.18% p.a. HEF - Direct Plan: 1.43% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 17,132.98 706,115 13-14 14-15 2 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme An Open-ended Growth Scheme HDFC TOP 200 FUND (HT200) To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the Scheme may also invest in listed companies that would qualify to be in the top 200 by market capitalisation on the BSE even though they may not be listed on the BSE. This includes participation in large IPOs where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation. Types of Instruments Normal Allocation (% of Net Assets) Equity & Equity linked instruments Upto 100% (including use of derivatives for hedging and other uses as permitted by prevailing SEBI (MF) Regulations) Debt and money market instruments* Balance in debt and money market instruments *Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme. The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 40% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 25% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Top 200 Fund Growth HDFC Top 200 Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index S&P BSE 200 Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 500 or 50 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. Please refer to point 4 on page 37 for details. Mr. Prashant Jain Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HT200 - Growth Option Period Benchmark (%)$$ (%)# Last 1 Year (365 days) 0.01 3.08 Last 3 Years (1097 days) 14.66 13.23 Last 5 Years (1826 days) 7.54 5.78 Since Inception* (6928 days) 21.36 13.30 greater than one year are compounded annualized (CAGR). *Inception Date: October 11, 96 # S&P BSE 200 $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-dividend NAV). Since inception returns are calculated on Rs. 10 (allotment price) HT200 - Direct Plan - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 0.64 3.08 Since Inception* (1002 days) 14.07 12.16 greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 13 # S&P BSE 200 Since inception returns are calculated on Rs. 228.943 (allotment price) Absolute for each for last 5 years^ 10 75.00% 5 25.00% 25.00% 5 17.15% 8.15% -6.12% -8.80% 10-11 11-12 HT200 S&P BSE 200 35.11% 6.99% 8.26% 20.50% 31.93% 17.19% 12-13 13-14 Absolute for each for last 2 years^ 4 3 2 1 HT200 - Direct Plan S&P BSE 200 35.92% 31.93% 21.17% 17.19% 13-14 Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HT200 : 2.22% p.a. HT200 - Direct Plan : 1.62% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 12,709.17 1,046,431 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015 3 14-15 14-15

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme An Open-ended Growth Scheme To achieve capital appreciation in the long term. HDFC CAPITAL BUILDER FUND (HCBF) Types of Instruments Normal Allocation (% of Net Assets) Equities & Equity related instruments Upto 100 Debt and Money Market instruments* Not more than 20 *Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme. The Scheme may seek investment opportunity in the ADR / GDR / Foreign Securities (max. 40% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 25% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Capital Builder Fund Growth HDFC Capital Builder Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index CNX 500 Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 500 or 50 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. Please refer to point 4 on page 37 for details. Mr. Chirag Setalvad & Mr. Miten Lathia Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HCBF - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 7.59 3.59 Last 3 Years (1097 days) 19.32 13.82 Last 5 Years (1826 days) 10.46 6.17 Since Inception* (7911 days) 14.66 8.83 greater than one year are compounded annualized (CAGR). *Inception Date: February 1, 94 #CNX 500 Since inception returns are calculated on Rs. 10 (allotment price) HCBF - Direct Plan - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 8.33 3.59 Since Inception* (1002 days) 20.52 12.70 greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 13 #CNX 500 Since inception returns are calculated on Rs. 117.724 (allotment price) Absolute for each for last 5 years^ 12 10 8 6 4 2-2 -4-6 14.94% 7.26% 10-11 HCBF CNX 500-4.86% -8.19% 11-12 23.43% 9.12% 17.72% 7.49% 12-13 Absolute for each for last 2 years^ 5 4 3 2 1 HCBF - Direct Plan CNX 500 43.88% 23.89% 17.72% 13-14 43.20% 33.56% 13-14 14-15 Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HCBF : 2.71% p.a. HCBF - Direct Plan : 2.20% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 982.70 87,439 14-15 33.56% 4 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request An Open-ended Growth Scheme HDFC CORE & SATELLITE FUND (HCSF) To generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value. Types of Instruments Absolute for each for last 5 years^ 13 12 10 8 6 4 2-2 -4-6 13.53% 8.15% 10-11 HCSF S&P BSE 200-8.52% -8.80%-3.33% 11-12 38.46% 18.63% 31.93% 8.26% 17.19% 12-13 13-14 Absolute for each for last 2 years^ HCSF - Direct Plan S&P BSE 200 5 4 39.23% 31.93% 3 2 19.26% 17.19% 1 13-14 Normal Allocation (% of Net Assets) Equities & Equity related instruments 90-95 Fixed Income Securities (including securitised debt of upto 10% of net assets & Money Market instruments) 5-10 The Scheme may seek investment opportunity in Foreign Securities (max. 25% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 50% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Core & Satellite Fund Growth HDFC Core & Satellite Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Benchmark Index S&P BSE 200 Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 1,000 or 100 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. Please refer to point 4 on page 37 for details. Mr. Vinay Kulkarni Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HCSF - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 3.56 3.08 Last 3 Years (1097 days) 15.34 13.23 Last 5 Years (1826 days) 5.98 5.78 Since Inception* (4030 days) 17.25 14.88 greater than one year are compounded annualized (CAGR). *Inception Date: September 17, 04 #S&P BSE 200 Since inception returns are calculated on Rs. 10 (allotment price) HCSF - Direct Plan - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 4.18 3.08 Since Inception* (1002 days) 14.77 12.16 greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 13 #S&P BSE 200 Since inception returns are calculated on Rs. 40.302 (allotment price) Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HCSF : 2.79% p.a. HCSF - Direct Plan: 2.23% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 333.19 31,551 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015 5 14-15 14-15

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme An Open-ended Growth Scheme HDFC PREMIER MULTI-CAP FUND (HPMCF) To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap blue chip companies. Types of Instruments Normal Allocation (% of Net Assets) Equity & Equity related instruments out of which 85-100 Large Cap 35-65 Mid Cap 35-65 Debt Securities (including securitised debt of upto 10% of the net assets) 0-15 Money Market Instruments 0-15 The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity Securities (max. 25% of net assets) and (max. 10% of net assets in Foreign Debt Securities of USA and UK, countries having fully convertible currencies) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme will not invest in Foreign Securitised Debt. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 50% of net assets) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Premier Multi-Cap Fund Growth HDFC Premier Multi-Cap Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index CNX 500 Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 1,000 or 100 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. Please refer to point 4 on page 37 for details. Mr. Vinay Kulkarni Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HPMCF - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 1.90 3.59 Last 3 Years (1097 days) 14.47 13.82 Last 5 Years (1826 days) 5.81 6.17 Since Inception* (3829 days) 14.54 13.22 greater than one year are compounded annualized (CAGR). *Inception Date: April 06, 05 # CNX 500 Since inception returns are calculated on Rs. 10 (allotment price) HPMCF - Direct Plan - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 2.57 3.59 Since Inception* (1002 days) 14.71 12.70 greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 13 # CNX 500 Since inception returns are calculated on Rs. 28.957 (allotment price) Absolute for each for last 5 years^ 12 9 6 40.72% 17.91% 33.56% 3 12.26% 17.72% 7.26% 7.49% -3.98% -8.19% -3.79% -3-6 10-11 HPMCF CNX 500 11-12 12-13 13-14 14-15 Absolute for each for last 2 years^ 5 HPMCF - Direct Plan CNX 500 41.59% 4 33.56% 3 2 18.52% 17.72% 1 13-14 14-15 Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HPMCF : 2.79% p.a. HPMCF - Direct Plan : 2.22% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 303.88 46,823 6 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015

NAME OF SCHEME Type of Scheme Investment Objective Asset Allocation Pattern of the Scheme Comparison of Existing Schemes, Investment Strategy & Risk Mitigation Strategy Risk Profile of the Scheme An Open-ended Equity Scheme HDFC MID-CAP OPPORTUNITIES FUND (HMCOF) To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. Types of Instruments Minimum Allocation Maximum Allocation (% of Net Assets) Equity and equity related securities of Small and Mid-Cap companies of which 75 100 Small-Cap companies 0 15 Mid-Cap companies 75 100 Equity and equity related securities other than the above 0 25 Debt and Money Market Securities (including investments in securitised debt#) 0 25 # The Investment in Securitised Debt will not normally exceed 25% of the net assets of the Scheme. The Scheme may take derivatives position (both equity and fixed income) based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under SEBI (MF) Regulations from time to time. The maximum derivative position will be restricted to 20% of the Net Assets of the Scheme. The Scheme may seek investment opportunity in the Foreign Securities, in accordance with guidelines stipulated in this regard by SEBI and RBI from time to time. Under normal circumstances, exposure to foreign securities subject to regulatory limits shall not be more than 25% of the Scheme s net assets. For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 26 to 32 for details. Please refer to point 2 on pages 33 to 36 for details. Plans/ Options Plans Options under each Plan HDFC Mid-Cap Opportunities Fund Growth HDFC Mid-Cap Opportunities Fund - Direct Plan Dividend (with Payout and Reinvestment facility) (Portfolio will be common for the above Plans). Please refer to point no 11 on page 38 for further details on Default Plan. Applicable NAV Minimum Application Amount / Number of Units (Under each Plan / Option) Despatch of Repurchase (Redemption) Request Benchmark Index Dividend Policy Name of the Fund Manager Name of the Trustee Company Performance of the Scheme (as at September 30, 2015) Expenses of the Scheme (i) Load Structure (For Lumpsum Purchases & Investments through SIP / STP) (ii) Recurring Expenses (% p.a. of daily Net Assets) Waiver of Load for Direct Applications Tax treatment for the Investors (Unit holders) Daily Net Asset Value (NAV) Publication For Investor Grievances, Please contact Unit holder s Information Asset Under Management (Rs. in Crore) as on September 30, 2015 (Unaudited) Number of Folios (Live Accounts) as on September 30, 2015 Please refer to point 3 on page 36 for details. Purchase Additional Purchase Repurchase Rs. 5,000 and any amount thereafter. Rs. 1,000 and any amount thereafter. Rs. 1,000 or 100 units Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund. CNX Midcap Please refer to point 4 on page 37 for details. Mr. Chirag Setalvad Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments) HDFC Trustee Company Limited HMCOF - Growth Option Period Benchmark (%)^ (%)# Last 1 Year (365 days) 17.32 13.72 Last 3 Years (1097 days) 28.09 18.28 Last 5 Years (1826 days) 18.14 7.21 Since Inception* (3019 days) 17.29 10.17 greater than one year are compounded annualized (CAGR). *Inception Date: June 25, 07 # CNX Midcap Since inception returns are calculated on Rs. 10 (allotment price) Absolute for each for last 5 years^ 16 12 8 4-4 -8 HMCOF 15.33% 4.35% 9.02% -3.99% 10-11 11-12 8.00% -1.29% 12-13 CNX Midcap 30.52% 16.36% HMCOF - Direct Plan - Growth Option Absolute for each for last 2 years^ Period Benchmark HMCOF - Direct Plan CNX Midcap 8 (%)^ (%)# 64.67% Last 1 Year (365 days) 18.42 13.72 6 50.96% Since Inception* (1002 days) 29.37 16.18 4 31.17% 2 16.36% greater than one year are compounded annualized (CAGR). *Inception Date: January 01, 13 # CNX Midcap 13-14 14-15 Since inception returns are calculated on Rs. 18.799 (allotment price) Continuous Offer Period Entry Load: Not Applicable Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors including the service rendered by the ARN Holder. Exit Load : In respect of each purchase / switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment. Please refer to point no 5 on page 37 for further details on load structure. The Trustee reserves the right to change / modify the load structure from a prospective date. Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2015 (Audited) : HMCOF : 2.29% p.a. HMCOF - Direct Plan : 1.44% p.a. At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-direct Plan. The TER of the Direct Plan will be lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-direct Plan. For example, in the event that the TER of the non-direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 37 for additional details on recurring expenses. Not Applicable. Please refer to point 7 on page 37 for details. 13-14 63.36% 50.96% Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The AMC will calculate NAV on daily basis and disclose the NAV, Sale and Repurchase price at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same. Please refer to point 8 on page 37 for details. Please refer to point 9 on page 37 for details. 10,527.31 725,547 HDFC Mutual Fund - Key Information Memorandum Dated October 30, 2015 7 14-15