Statement of Additional Information

Name of Mutual Fund: HDFC Mutual Fund Name of Asset Management Company: HDFC Asset Management Company Limited Name of Trustee Company: HDFC Trustee Company Limited

Addresses, Website of the entities: Address: Trustee Company : Asset Management Company (AMC) : HDFC Trustee Company Limited HDFC Asset Management Company Limited Registered Office : Registered Office : HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020. Backbay Reclamation, Churchgate, Mumbai - 400 020. CIN No. U65991MH1999PLC123026 CIN No: L65991MH1999PLC123027

Website: www.hdfcfund.com

This Statement of Additional Information (SAI) contains details of HDFC Mutual Fund, its constitution, and certain tax, legal and general information. It is incorporated by reference [is legally a part of the Scheme Information Document].

This SAI is dated June 28, 2019. LIST OF ADDENDA TO STATEMENT OF ADDITIONAL INFORMATION (SAI)

Addedum No. Date of Addendum Particulars 1 July 8, 2019 Change in the Information on Key Personnel 2 July 10, 2019 Change in the Information on Director of HDFC Trustee Company Limited 3 July 11, 2019 Change in the Information on Key Personnel 4 July 22, 2019 Change in the Information on Directors 5 July 25, 2019 Updation of Information about Standard Life Investments Limited, co-sponsor of the Fund Updation of Permanent Account Number (PAN) for processing redemption and related 6 September 27, 2019 transactions in non -PAN exempt folios 7 October 9, 2019 Change in the Information on Key Personnel 8 October 30, 2019 Appointment of Director on the Board of HDFC Asset Management Company Limited 9 October 30, 2019 Treatment of Financial Transactions received through Suspended Distributors 10 November 01, 2019 Appointment of Director on the Board of HDFC Trustee Company Limited 11 December 02, 2019 Change in the Information on Directors 12 January 23, 2020 Change in the Information on Key Personnel

ADDENDUM NO. 1 Change in the Information on Key Personnel NOTICE is hereby given regarding change in the responsibilities of the following Personnel of HDFC Asset Management Company Limited (“HDFC AMC”) with effect from July 1, 2019 (“Effective Date”): 1. Mr. Anand Laddha, Senior Equity Analyst & Equity Dealer (Back-up) and a Key Personnel of HDFC AMC has ceased to be Equity Dealer (Back-up) from the Effective Date and shall be re-designated as Senior Equity Analyst. Mr. Laddha will continue to be a Key Person of HDFC AMC. 2. Mr. Monish Ghodke, who was earlier Manager - Products & Business Development is now redesignated as Manager - Investment Process control & Equity Dealer (Back-up) and therefore is a Key Person of HDFC AMC from the Effective Date. His details are as follows: Name Age Designation Educational Total No. of Years Assignments Held (for last 10 years) (yrs.) Qualifications of Experience/ Type & Nature of Experience Mr. Monish 25 Manager - l B. Com Collectively over HDFC Asset Management Company Ghodke Investment (University of 3 years of experience Limited. Process control Mumbai), in mutual fund July 1, 2019 till date & Equity Dealer l Chartered products and business (Back-up) Accountant, development Manager - Investment Process control & Equity Dealer (Back-up) l Passed CFA Level III March 2016 to June 30, 2019 Last Position held: Manager - Products & Business Development All other contents of the SAI will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is July 8, 2019.

HDFC MF SAI - dated June 28, 2019 II ADDENDUM NO. 2 Change in the Information on Director of HDFC Trustee Company Limited NOTICE is hereby given that Mr. Mehernosh Behram Kapadia has been appointed as an Independent Director (Additional Director) on the Board of HDFC Trustee Company Limited with effect from July 5, 2019. The following details pertaining to the director shall be included in the section ‘Details of Trustee Directors’ in the SAI: Name Age & Qualification Brief Experience Mr. Mehernosh 64 years Mr. Mehernosh Behram Kapadia has been appointed as an independent Behram Kapadia l M. Com (Hons.), University of Mumbai director on the Board of HDFC Trustee Company Limited. Mr. Kapadia has served as the senior executive director, finance director and company l Member of the Institute of Chartered secretary of GlaxoSmithKline Pharmaceuticals Limited (“GSK”). During his Accountants of India tenure of over 27 years with GSK, in addition to his finance and accounting l Member of the Institute of Company responsibilities, he has also held management responsibility for other Secretaries of India functions including company secretarial matters, legal, compliance, corporate communications, corporate administration and information technology. He is also an Independent Director on the Board of several companies.

All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is July 10, 2019.

ADDENDUM NO. 3 Change in the Information on Key Personnel NOTICE is hereby given regarding change in the responsibilities of the following Key Personnel of HDFC Asset Management Company Limited (“HDFC AMC”) with effect from July 22, 2019 (“Effective Date”): 1. Mr. Amar Kalkundrikar, Fund Manager for Overseas Investments & Senior Equity Analyst and a Key Personnel of HDFC AMC shall cease to be Fund Manager for Overseas Investments & Senior Equity Analyst and shall no longer be a Key Personnel for the mutual fund activities of HDFC AMC from the Effective Date. 2. Mr. Chirag Dagli, Senior Equity Analyst, who is a Key Personnel of HDFC AMC shall be redesignated as Fund Manager for Overseas Investments & Senior Equity Analyst. Accordingly, he will act as the Dedicated Fund Manager for Overseas Investments for the Schemes of the Fund eligible to make investments in ADRs / GDRs / Foreign Securities / Overseas Exchange Traded Funds (ETFs) from the Effective Date. All other terms & conditions of the Schemes of the Fund will remain unchanged. This addendum shall form an integral part of the SID / KIM / SAI as amended from time to time.

This Addendum dated is July 11, 2019.

ADDENDUM NO. 4 Change in the Information on Directors NOTICE is hereby given that the term of appointment of the following independent directors has ended with effect from July 20, 2019 and accordingly, 1. Mr. Vijay Merchant and Dr. Deepak B. Phatak ceased to be directors on the Board of HDFC Asset Management Company Limited. 2. Mr. Anil Kumar Hirjee ceased to be director on the Board of HDFC Trustee Company Limited. Consequently, all references to Mr. Vijay Merchant, Dr. Deepak B. Phatak and Mr. Anil Kumar Hirjee in the SAI stand deleted. All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is July 22, 2019.

III HDFC MF SAI - dated June 28, 2019 ADDENDUM NO. 5 Updation of Information about Standard Life Investments Limited, co-sponsor of the Fund Investors are requested to note that the information on financial performance of Standard Life Investments Limited, co-sponsor of the Fund appearing under “Section I.B. Information About Sponsor, ……………….” of the SAI dated June 28, 2019 shall stand replaced as under: “Financial Performance of the Sponsors (past three years): Standard Life Investments Limited (SLI Ltd.) Particulars January 1, 2018 to January 1, 2017 to January 1, 2016 to December 31, 2018 $m December 31, 20171 £m December 31, 2016 $m Total Equity (Net worth) 504 256 243 Total Income 1,214 980 1,104 Profit After Tax 494 239 329 Assets under Management2 288,441 370,050 343,510 1 Restated 2 Total Assets under Management as at December 31, for the SLI Group of Companies.” All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is July 25, 2019.

ADDENDUM NO. 6 Updation of Permanent Account Number (PAN) for processing redemption and related transactions in non-PAN exempt folios As per the directives issued by SEBI from time to time, it is mandatory for all investors to update the Permanent Account Number (PAN) (unless they are exempt from furnishing PAN*) in their mutual fund folios (such folios are hereinafter referred to as “non-PAN exempt folios”). All joint holders are required to update their PAN in their folio. In case of folios of minors, where the minor does not possess a PAN, it is mandatory to update the PAN of the father, mother or court appointed legal guardian of the minor. As per recent SEBI’s directive, mutual funds are required not to process redemption and related transaction(s) in case PAN is not updated in the non-PAN exempt folios. Accordingly, such unitholders will have to submit the redemption and related transactions along with a self- attested copy of PAN, for all the jointholders. Such request will be processed only after successful validation of the PAN with the Income Tax Department’s portal. If the PAN validation fails, or if the request is not accompanied with a copy of the PAN card, such request will not be processed. Such Unitholders will have to resubmit the transaction request along with self-attested copy of valid PAN card. Unitholders are advised to update the PAN in their folio using ‘Common Transaction Request - Non Financial Transaction Form’ available on our website www.hdfcfund.com. * Unitholders exempt from furnishing PAN are Central Government, State Government entities and the officials appointed by the courts e.g. Official liquidator, Court receiver; residents of Sikkim; Individual Investors who invest under PAN exempt Micro- investments. This addendum shall form an integral part of the SAI / SID / KIM of the scheme(s) of the Fund as amended from time to time.

This Addendum dated is September 27, 2019.

HDFC MF SAI - dated June 28, 2019 IV ADDENDUM NO. 7 Change in the Information on Key Personnel NOTICE is hereby given that the following changes are made to the section ‘Information on Key Personnel’ appearing in the Statement of Additional Information (“SAI’) of HDFC Mutual Fund (“the Fund”): Mr. Dhruv Muchhal has been appointed as an Equity Analyst and is a Key Personnel of HDFC Asset Management Company Limited with effect from October 3, 2019. His details are as follows: Name Age Designation Educational Total No. of Years of Assignments Held (for last 10 years) (yrs.) Qualifications Experience/ Type & Nature of Experience Mr. Dhruv 31 Equity Analyst l CFA (CFA Collectively over 8 October 3, 2019 till date Muchhal Institute) years in equity research HDFC Asset Management Company Limited l Chartered August 27, 2014 to September 27, 2019 Accountant Motilal Oswal Financial Services Limited l B Com. from Last Position held: University of Associate Vice President - Research Mumbai August 12, 2013 to August 24, 2014 Goldman Sachs (India) Securities Private Limited Last Position held: Research Analyst November 8, 2010 to August 8, 2013 Crisil Limited Last Position held: Senior Research Analyst – Irevna FR-Equity Research All other contents of the SAI will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is October 9, 2019.

ADDENDUM NO. 8 Appointment of Director on the Board of HDFC Asset Management Company Limited Mr. Shashi Kant Sharma has been appointed as an Independent Director (Additional Director) on the Board of HDFC Asset Management Company Limited with effect from October 26, 2019. The following details pertaining to the director shall be included in the section ‘Details of AMC Directors’ in the SAI: Name Age & Qualification Brief Experience Mr. Shashi Kant 67 years Mr. Shashi Kant Sharma has been appointed as an Independent Director on our Sharma M.A in Political Science, Board with effect from October 26, 2019. Mr. Sharma is a retired IAS (1976 University of Agra Batch). He has served as the Comptroller and Auditor General (CAG) of India from 23rd May, 2013 to 24th September, 2017. Before taking office as the CAG, M.Sc. in Admn. Science and he was the Defence Secretary, Government of India. He was also the Secretary, Development Problems. Department of Financial Services (Ministry of Finance) and Secretary, Department University of York (The U.K.) of Information Technology (Ministry of Telecommunication), in the Government of India. In his capacity as CAG of India, Mr. Sharma was elected by the General Assembly of the United Nations as a Member of UN Board of Auditors in July, 2014, and was chairing the UN Board of Auditors. Mr. Sharma was active on the Governing Boards of the International Organization of Supreme Audit Institutions (INTOSAI) and the Asian Organization of Supreme Audit Institutions (ASOSAI). He was chairperson of the INTOSAI’s Knowledge Sharing Committee and Working Group on Information Technology. He chaired the 13th Assembly of the ASOSAI (Kuala Lumpur, 2015) and the Commonwealth Auditors General Conference (Delhi, 2017). As a member of the Indian Administrative Service since 1976, Mr. Sharma has also worked in various other capacities in the government of Bihar state and the central government, including extensive field assignments in districts. In all, he has over forty years of experience in public policy and management. In June 2016, he was conferred an Honorary Professorship at Nanjing Audit University, China. All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum dated is October 30, 2019.

V HDFC MF SAI - dated June 28, 2019 ADDENDUM NO. 9 Treatment of Financial Transactions received through Suspended Distributors NOTICE is hereby given that the financial transactions of an investor where his distributor’s AMFI Registration Number (ARN) has been suspended temporarily or terminated permanently by Association of Mutual Funds in India (AMFI) shall be processed as follows with effect from October 31, 2019: 1. All Purchase / Switch requests (including under fresh registrations of Systematic Investment Plan (“SIP”) / Systematic Transfer Plan (“STP”) or under SIPs / STPs registered prior to the suspension period) received during the suspension period shall be processed under “Direct Plan” and continue to be processed under “Direct Plan” perpetually unless after suspension of ARN is revoked, unitholder makes a written request to process the future instalments / investments under “Regular Plan”. The AMC shall also suitably inform the concerned unitholders about the suspension of the distributor from doing mutual fund distribution business. 2. Any Purchase / Switch or SIP / STP transaction requests received through the stock exchange platform, from any distributor whose ARN has been suspended, shall be rejected. 3. Additionally, where the ARN of a distributor has been terminated permanently, the AMC shall advise the concerned unitholder(s), who may at their option, either continue their existing investments under Regular Plan under any valid ARN holder of their choice or switch their existing investments from “Regular Plan” to “Direct Plan” subject to tax implications and exit load, if any. This addendum shall form an integral part of the SAI / SIDs / KIMs of the Schemes of HDFC Mutual Fund as amended from time to time.

This Addendum dated is October 30, 2019.

ADDENDUM NO. 10 Appointment of Director on the Board of HDFC Trustee Company Limited Mr. Dindayal Jalan has been appointed as an Independent Director (Additional Director) on the Board of HDFC Trustee Company Limited with effect from November 1, 2019. The following details pertaining to the director shall be included in the section ‘Details of Trustee Directors’ in the SAI: Name Age & Qualification Brief Experience Mr. Dindayal 63 years Mr. Dindayal Jalan has been appointed as an Independent Director on the Board Jalan Chartered Accountant with effect from November 1, 2019. Mr. Jalan is pursuing an entrepreneurial stint by developing projects in Agriculture and allied space and promoting start ups through angel network. He superannuated in late 2016 as the Group Chief Financial Officer of Vedanta Resources Plc. and as Executive Director and Chief Financial Officer (CFO) of Vedanta Limited. Mr. Jalan started his career in 1978 with Aditya Birla Group’s Hindusthan Gas & Industries Ltd and was instrumental in transforming iron ore business of the associate Essel Mining to a mechanised mining & setting up a new SME business. He moved to Birla Copper where he was responsible for raising finance, setting up of business process and system, organisation building for finance, concentrate procurement, marketing and commodity hedging. Mr. Jalan joined Sterlite Industries, now Vedanta, in 2001 and led the turnaround of operation and developed a good understanding of working in a multicultural environment. He moved to the position of CFO of Sterlite in 2003 and then to the CFO of Vedanta Resources PLC, a FTSE 250, London listed co, in 2005. He is also a director on the Board of various other companies. All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum is dated November 1, 2019.

ADDENDUM NO. 11 Change in the Information on Directors The term of appointment of the following independent directors has ended with effect from November 29, 2019 and accordingly, l Mr. Hoshang S. Billimoria ceased to be a director on the Board of HDFC Asset Management Company Limited. l Mr. Ranjan Sanghi ceased to be a director on the Board of HDFC Trustee Company Limited. Consequently, all references to Mr. Hoshang S. Billimoria and Mr. Ranjan Sanghi in the SAI stand deleted. All other contents of the SAI of the Fund will remain unchanged. This addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum is dated December 2, 2019.

HDFC MF SAI - dated June 28, 2019 VI ADDENDUM NO. 12 Change in the Information on Key Personnel Ms. Supriya Sapre has been appointed as the Chief Compliance Officer of HDFC Asset Management Company Limited (“HDFC AMC”) with effect from January 24, 2020 and is a Key Personnel of HDFC AMC. The following changes are made to the section ‘Information on Key Personnel’ appearing in the Statement of Additional Information (“SAI”) of HDFC Mutual Fund (“the Fund”): Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / (for last 10 years) Type & Nature of Experience Ms. Supriya 49 Chief l Chartered Over 25 years of December 2, 2019 till date Sapre Compliance Accountant experience in the field HDFC Asset Management Company Limited. Officer l B. Com of Compliance, Legal, September 6, 2006 till October 29, 2019 Internal and Statutory ICICI Prudential Asset Management Company Audits Limited Last Position Held: Head - Compliance Further, it may be noted that Mr. Yezdi Khariwala has ceased to be the Chief Compliance Officer and Key Personnel of HDFC AMC with effect from the close of business hours on January 23, 2020. Consequently, all references to him in the SAI stand deleted. All other contents of the SAI remain unchanged. This notice-cum-addendum shall form an integral part of the SAI of the Fund as amended from time to time.

This Addendum is dated January 23, 2020.

VII HDFC MF SAI - dated June 28, 2019 TABLE OF CONTENTS

Page No. Page No.

Definitions ...... 1 V. TAX, LEGAL & GENERAL INFORMATION...... 62 I. information ABOUT SPONSOR, ASSET A. taxation on Investing in manaGEMENT COMPANY AND Mutual Funds...... 62 trUSTEE COMPANY...... 5 B. legal Information...... 66 A. Constitution of the Mutual Fund 5  Nomination Facility...... 66 B. Sponsors...... 5  Prevention of Money Laundering...... 67  Housing Development Finance  Ultimate Beneficial Owner(s) (UBO(s))... 68 Corporation Limited...... 5  Know Your Customer (KYC) Compliance 69  Standard Life Investments Limited...... 5  Transfer and Transmission Facility...... 69 C. tHe Trustee...... 5  Gift Facility...... 70  Details of Trustee Directors...... 6  Duration of the Scheme and Winding Up...... 70  Rights, Obligations, Responsibilities and Duties of the Trustee...... 6  Permanent Account Number...... 71  PAN Exempt Investments...... 71 D. tHe Asset Management Company (AMC) 8  Joint Holders...... 71  Details of AMC Directors...... 9  Investments on Behalf of Minor...... 72  Duties and Responsibilities of the AMC. 12  Change of Status from Minor to Major. 72  Information on Key Personnel...... 15  Change of Gaurdian...... 72  Investment Team...... 18  Pledge/Lien of Units...... 72 E. Service Providers...... 25  For Units held in Electronic (Demat) Mode 73  Powers to Remove Difficulties...... 73  Custodians...... 25  Powers to Make Rules...... 73  Registrar and Transfer Agent...... 25 C. GENERAL INFORMATION...... 73  Statutory Auditors...... 25  Investors’ Information and disclosure of  Legal Counsel...... 25 Information to third parties...... 73  Fund Accountant...... 25  Investment Decisions...... 74   Collecting Bankers...... 25 Soft Dollar Arrangements...... 74  Underwriting by The Mutual Fund...... 74 F. Condensed Financial Information (CFI)...... 26  Stock Lending by The Mutual Fund...... 74  Borrowing by The Mutual Fund...... 74 II. HOW TO APPLY?...... 49  Issue of Bonus Units ...... 75  Restriction on Acceptance of Third Party  Consolidation of Folios...... 75 Payment Instruments for Subscription of Units 54  E-mail Communication...... 75  Suspension of Sale (including switch-in)  Website...... 75 of the Units...... 56  Scheme(s) to be binding on the  Right to restrict redemption and / or suspend Unit Holders...... 75 redemption of the Units...... 56  Inter Scheme Transfer of Investments.... 75 III. riGHTS OF UNITHOLDERS OF THE SCHEME. 57  Associate Transactions...... 76  Unclaimed Redemption / Dividend Amount. 57  Documents Available for Inspection...... 134  Investor Grievances Redressal Mechanism 134 IV. inVESTMENT VALUATION NORMS FOR SECURITIES AND OTHER ASSETS...... 58  Investor Complaints...... 135

HDFC MF SAI - dated June 28, 2019 DEFINITIONS In this Statement of Additional Information (SAI), the following words and expressions shall have the meaning specified herein, unless the context otherwise requires:

“AMC” or “Asset Management Company” HDFC Asset Management Company Limited, incorporated under the provisions or “Investment Manager” or “HDFC of the Companies Act, 1956 and approved by the Securities and Exchange AMC” Board of India to act as the Asset Management Company for the scheme(s) of HDFC Mutual Fund. “Applicable NAV” The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is accepted, subject to the provisions of ‘realisation of funds’ and ‘cut off timings’ as described in the Scheme Information Document of the Scheme(s) of HDFC Mutual Fund.

“Applications Supported by Blocked An application containing an authorization given by the Investor to block the Amount” or “ASBA” application money in his specified bank account towards the subscription of Units offered during the NFO of the Scheme. If an investor is applying through ASBA facility, the application money towards the subscription of Units shall be debited from his specified bank account only if his/her application is selected for allotment of Units.

“Book Closure” The time during which the Asset Management Company would temporarily suspend sale, redemption and switching of Units.

“Business Day” A day other than: (i) Saturday and Sunday; or (ii) A day on which the banks in Mumbai and / or RBI are closed for business/ clearing; or (iii) A day on which the National Stock Exchange of India Limited is closed; or (iv) A day which is a public and /or bank holiday at a Investor Service Centre where the application is received; or (v) A day on which Sale / Redemption / Switching of Units is suspended by the AMC; or (vi) A day on which normal business cannot be transacted due to storms, floods, bandhs, strikes or such other events as the AMC may specify from time to time. Further, in case of HDFC Liquid Fund, HDFC Money Market Fund and HDFC Overnight Fund, the day(s) on which the money markets are closed / not accessible, shall not be treated as Business Day(s). Further, in case of HDFC Dynamic PE Ratio Fund of Funds, a day when any of the underlying Schemes are closed for Subscription/ Redemption. Further, in case of HDFC Gold Exchange Traded Fund, a day on which valuation on London Bullion Market Association (LBMA) is not available, shall not be treated as a Business Day. The AMC reserves the right to declare any day as a Business Day or otherwise at any or all Investor Service Centres.

“Business Hours” Presently 9.30 a.m. to 5.30 p.m. on any Business Day or such other time as may be applicable from time to time.

“Consolidated Account Statement (CAS)” Consolidated Account Statement is a statement containing details relating to all the transactions across all mutual funds viz. purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan, systematic transfer plan and bonus transactions, etc. (including transaction charges paid to the distributor) and holding at the end of the month.

“Controlling Branches (CBs) of the SCSBs” Controlling Branches (CBs) of the SCSBs are the branches of the SCSBs acting as coordinating branch for the Registrar and Transfer Agent of HDFC Mutual Fund, HDFC AMC and the Stock Exchange(s) for the ASBA facility offered during the NFO period of the Scheme(s) of HDFC Mutual Fund.

“Custodian” A person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Regulations 1996, which for the time being are HDFC Bank Limited, Citibank N.A. and Deutsche Bank [as applicable to the respective scheme(s) of HDFC Mutual Fund].

“Depository” Depository as defined in the Depositories Act, 1996 (22 of 1996) and refers to National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).

1 HDFC MF SAI - dated June 28, 2019 “Depository Participant” or “DP” A person registered as such under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992.

“Derivative“ Derivative includes (i) a security derived from a debt instrument, share, loan whether secured or unsecured, risk instrument or contract for differences or any other form of security; (ii) a contract which derives its value from the prices or index of prices or underlying securities.

“Designated Branches (DBs) of the Designated Branches (DBs) of the SCSBs are the branches of the SCSBs which SCSBs” shall collect the ASBA Application Forms duly filled by the Investors towards the subscription to the Units of the Scheme offered during the NFO. The list of these Designated Branches shall be available at www.hdfcfund.com

“Designated Depository Participant” or A person who has been approved by SEBI under Chapter III of Securities and “DDP” Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.

“Direct Plan” A Plan for investors who wish to invest directly without routing the investment through any distributor. This Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid/ charged under the Direct Plan.

“Dividend” Income distributed by the schemes of the Mutual Funds on the units.

“Equity Related Instruments” Equity Related Instruments includes convertible bonds and debentures, convertible preference shares, warrants carrying the right to obtain equity shares, equity derivatives and any other like instrument.

“Floating Rate Debt Instruments” Floating rate debt instruments are debt securities issued by Central and / or State Government, corporates or PSUs with interest rates that are reset periodically. The periodicity of the interest reset could be daily, monthly, quarterly, half-yearly, annually or any other periodicity that may be mutually agreed with the issuer and the Fund. The interest on the instruments could also be in the nature of fixed basis points over the benchmark gilt yields.

“Foreign Portfolio Investors” or “FPI” A person who satisfies the eligibility criteria prescribed under Regulation 4 and has been registered under Chapter II of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.

“Foreign Securities“ Securities as specified in the SEBI circular- SEBI/IMD/CIR No.7/104753/07 dated September 26, 2007 and any subsequent amendments thereto specified by SEBI and/or RBI from time to time.

“Government Securities” or “Gilt” Securities created and issued by the Central Government and/or a State Government (including Treasury Bills) or Government Securities as defined in the Government Securities Act, 2006, as amended or re-enacted from time to time.

“Investment Management Agreement” The agreement dated June 8, 2000 entered into between HDFC Trustee Company Limited and HDFC Asset Management Company Limited, as amended from time to time.

“Investor Service Centres” or “ISCs” Designated Offices of HDFC Asset Management Company Limited or such other centres / offices as may be designated by the AMC from time to time.

“Money Market Instruments” Includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified by the Reserve Bank of India from time to time.

“Mutual Fund” or “the Fund” HDFC Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882.

“Net Asset Value” or “NAV” Net Asset Value per Unit of the Scheme(s), calculated in the manner described in the Scheme Information Document(s) of the scheme(s) of HDFC Mutual Fund or as may be prescribed by the SEBI (MF) Regulations from time to time.

“Non-Resident Indian” or “NRI” A person resident outside India who is either a citizen of India or a person of Indian origin.

”Official Points of Acceptance” or ”OPA” Places, as specified by AMC from time to time where application for subscription/ redemption/ switch will be accepted on ongoing basis.

HDFC MF SAI - dated June 28, 2019 2 “Overseas Citizen of India” or “OCI” OCI means a person registered as an overseas citizen of India by the Central Government under section 7A of ‘The Citizenship Act, 1955’. The Central Government may register as an OCI a foreign national (except a person who is or had been a citizen of Pakistan or Bangladesh or such other person as may be specified by Central Government by notification in the Official Gazette), who was eligible to become a citizen of India on 26.01.1950 or was a citizen of India on or at any time after 26.01.1950 or belonged to a territory that became part of India after 15.08.1947 and his/her children and grand children (including Minor children), provided his/her country of citizenship allows dual citizenship in some form or other under the local laws.

”Person of Indian Origin” or ”PIO” A citizen of any country other than Bangladesh or Pakistan, if (a) he at any time held an Indian passport; or (b) he or either of his parents or any of his grand parents was a citizen of India by virtue of Constitution of India or the Citizenship Act, 1955 (57 of 1955); or (c) the person is a spouse of an Indian citizen or person referred to in sub-clause (a) or (b).

“Rating“ Rating means an opinion regarding securities, expressed in the form of standard symbols or in any other standardised manner, assigned by a credit rating agency and used by the issuer of such securities, to comply with any requirement of the SEBI (Credit Rating Agencies) Regulations, 1999.

”RBI” Reserve Bank of India, established under the Reserve Bank of India Act, 1934 (2 of 1934).

“Registrar and Transfer Agent” or ”RTA ” Computer Age Management Services Pvt. Limited (CAMS), Chennai, currently acting as registrar to the Schemes of HDFC Mutual Fund, or any other registrar appointed by the AMC from time to time.

“Regular Plan” The Plans / Options already in existence prior to the introduction of Direct Plan under the Scheme(s) on January 1, 2013 are referred to as “Regular Plan”.

“Regulatory Authority” Government of India, SEBI, RBI or any other authority or agency entitled to issue or give any directions, instructions or guidelines to the Mutual Fund.

“Repo” Sale of Securities with simultaneous agreement to repurchase / resell them at a later date.

“Reverse Repo” Purchase of Securities with a simultaneous agreement to sell them at a later date.

“Redemption” Redemption of Units of the Scheme as permitted.

”Sale / Subscription” Sale or allotment of Units to the Unit holder upon subscription by the investor / applicant under the Scheme(s) of HDFC Mutual Fund.

“Scheme(s)” or “Scheme” Scheme(s) of HDFC Mutual Fund (including, as the context permits, the Plans and Options thereunder), collectively referred to as ‘the Scheme(s)’ and individually, as the context permits, as ‘the Scheme’.

“Scheme Information Document” or The document issued by HDFC Mutual Fund setting forth concisely the information “SID” about offering of Units by Scheme(s) / Plan(s) for subscription that a prospective investor ought to know before investing.

“Securities Consolidated Account Securities Consolidated Account Statement (‘SCAS’) is a statement sent by the Statement (‘SCAS’)” Depository that shall contain details relating to all the transaction(s) viz. purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal advantage plan, systematic transfer plan, bonus transactions, etc. carried out by the Beneficial Owner(s) (including transaction charges paid to the distributor) across all schemes of all mutual funds and transactions in securities held in dematerialized form across demat accounts, during the month and holdings at the end of the month.

“Self Certified Syndicate Bank” or “SCSB” The bank registered with SEBI to offer the facility of applying through the ASBA process. ASBAs can be accepted only by SCSBs, whose names appear in the list of SCSBs as displayed by SEBI on its website at www.sebi.gov.in.

“Statement of Additional Information” This document issued by HDFC Mutual Fund, containing details of HDFC Mutual or “SAI” Fund, its constitution, and certain tax, legal and general information. SAI is legally a part of the SID.

”Stock Lending” Lending of securities to another person or entity for a fixed period of time, at a negotiated compensation in order to enhance returns of the portfolio.

“SEBI” Securities and Exchange Board of India, established under the Securities and Exchange Board of India Act, 1992.

3 HDFC MF SAI - dated June 28, 2019 “SEBI (MF) Regulations” or Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as “Regulations” amended from time to time.

“Sponsors” or “Settlors” Housing Development Finance Corporation Limited and Standard Life Investments Limited.

“Switch” Redemption of a unit in any scheme (including the plans / options therein) of the Mutual Fund against purchase of a unit in another scheme (including the plans / options therein) of the Mutual Fund, subject to completion of lock-in period, if any, of the units of the scheme(s) from where the units are being switched.

“Trust Deed” The Trust Deed dated June 8, 2000 executed by and between Housing Development Finance Corporation Limited and HDFC Trustee Company Limited (“Trustee”), thereby establishing an irrevocable trust, called HDFC Mutual Fund and deed of variations dated June 11, 2003 and June 19, 2003.

“Ultimate Beneficial Owner” As per SEBI Master Circular No. CIR/ISD/AML/3/2010 dated December 31, 2010, Beneficial Owner has been defined as a natural person/s who ultimately own, control or influence a client and / or persons on whose behalf a transaction is being conducted, which includes persons who exercise ultimate effective control over a legal person or arrangement.

”Unit” The interest of the Unit holder which consists of each Unit representing one undivided share in the assets of the Scheme of HDFC Mutual Fund.

”Unit holder” or “Investor” A person holding Unit(s) in any of the Scheme(s) of the HDFC Mutual Fund.

Interpretation For all purposes of this SAI, except as otherwise expressly provided or unless the context otherwise requires : n all references to the masculine shall include the feminine and all references to the singular shall include the plural and vice-versa. n all references to “dollars” or “$” refer to United States Dollars and “Rs.” refer to Indian Rupees. A “crore” means “ten million” and a “lakh” means a “hundred thousand”. n all references to timings relate to Indian Standard Time (IST). n all references to ”day” means ”calendar day including non Business Day”. n please note that words, expressions and abbreviations used in the SAI but not defined will have the same meaning as assigned to them in the SID of the respective Schemes of HDFC Mutual Fund.

HDFC MF SAI - dated June 28, 2019 4 I. information ABOUT SPONSOR, Branch Network aSSET MANAGEMENT COMPANY As at March 31, 2019 HDFC has 534 offices in India, which includes 176 offices of the wholly owned distribution company. and TRUSTEE COMPANY HDFC has overseas offices in London, Singapore and Dubai. A. CONSTITUTION OF THE MUTUAL FUND The Dubai office caters to customers across Middle-East through HDFC Mutual Fund has been constituted as a trust in accordance its service associates. with the provisions of the Indian Trusts Act, 1882, as per the STANDARD LIFE INVESTMENTS LIMITED terms of the trust deed dated June 8, 2000 and deeds of Standard Life Investments Limited is a wholly-owned subsidiary variation dated June 11, 2003 and June 19, 2003 respectively of Standard Life Investments (Holdings) Limited, which in turn with Housing Development Finance Corporation Limited (HDFC) is a wholly-owned subsidiary of Standard Life Aberdeen plc. and Standard Life Investments Limited as the Sponsors / Settlors and HDFC Trustee Company Limited, as the Trustee. The Trust Standard Life Aberdeen is the result of the merger between Deed has been registered under the Indian Registration Act, Standard Life and Aberdeen Asset Management in 2017. It 1908. The Mutual Fund has been registered with SEBI, under employs over 6,000 people in 52 locations worldwide, and registration code MF/044/00/6 on June 30, 2000. manages and administers over £568bn* of assets. The company is a combination of: B. SPONSORS l global asset management, through the Aberdeen Standard HDFC Mutual Fund is sponsored by Housing Development Investments brand Finance Corporation Limited and Standard Life Investments Limited. The Sponsors are the Settlors of the Mutual Fund Trust. l savings and financial advice services in the UK, through The Sponsors have entrusted a sum of Rs. one lakh each to the Standard Life brand the Trustee as the initial contribution towards the corpus of l strategic investments in the UK, India and China the Mutual Fund. Aberdeen Standard Investments offers products and services HOUSING DEVELOPMENT FINANCE CORPORATION across a diverse range of asset classes – with a focus on active LIMITED (HDFC) asset management that helps clients and customers achieve good investment outcomes. HDFC was incorporated in 1977 as the first specialized Mortgage Company in India. HDFC is engaged in financing by way of In India, as part of its strategic relationship with HDFC loans for the purchase or construction of residential houses, Ltd., Standard Life Aberdeen holds significant stakes in two commercial real estate and certain other purposes, in India. successful joint venture businesses: the life insurance business All other activities of HDFC revolve around the main business. HDFC Life, and the asset management business HDFC Asset HDFC has a client base of over 3.04 million retail borrowers, Management Company over 0.68 million depositors, over 0.28 million shareholders *AUM of Aberdeen Standard Investments based on a Proforma and over 45,099 deposit agents, as at March 31, 2019. basis as at 31 December 2018. As at March 31, 2019, HDFC had mortgage loan assets of Financial Performance of the Sponsors (past three Rs. 4,066 billion. Since inception, HDFC has financed over years): 7 million housing units. Over 74% of shareholders in HDFC are Housing Development Finance Corporation Limited foreign investors. HDFC’s market capitalisation as at March 31, (Rs. in crores) 2019 stood at around Rs. 3,388 billion. HDFC‘s borrowings consists of debentures and securities, term loans and deposits. Particulars Year Ended Year Ended Year Ended HDFC has received the highest rating for its bonds and deposits March 31, 2019 March 31, 2018 March 31, 2017 program for Twenty-four years in succession. (Audited)^ (Audited)^ (Audited)# As part of HDFC’s diversification initiatives, the company has Net worth 77,355.47 65,264.91 39,645.38 set up institutions in various fields including Banking, Insurance, Total Income 43,378.01 40,707.49 33,159.60 life and General, Asset Management, Real Estate Venture Fund Profit After Tax 9,632.46 10,959.34 7,442.64 and Education Finance. It had also set up companies for Credit Rating, Consumer Finance, Securities Trading and IT-enabled Assets under Management N.A. N.A. N.A. services which it has exited. N.A. : Not Applicable Over the years, the HDFC group has emerged as a strong ^ figures provided as per Indian Accounting Standards (‘Ind AS’) financial conglomerate in the Indian capital markets with # figures provided under previous GAAP a presence in banking, life and general insurance, asset management and venture capital. HDFC’s key associate and Standard Life Investments Limited (SLI Ltd.) subsidiary companies include HDFC Bank Limited, HDFC Life Particulars January 1, 2017 January 1, 2016 January 1, 2015 Insurance Company Limited, HDFC ERGO General Insurance to December to December to December Company Limited, HDFC Asset Management Company Limited, 31, 2017 31, 2016 31, 2015 GRUH Finance Limited, HDFC Property Ventures Limited, HDFC $m $m $m Capital Advisors Limited, HDFC Sales Private Limited and HDFC Credila Financial Services Private Limited. Total Equity (Net worth) 256 243 239 Total Income 969 1,104 1,006 Organization & Management Profit After Tax 228 329 235 HDFC is a professionally managed organization with Board of Directors consisting of eminent persons representing Assets under Management* 370,651 343,510 372,897 various fields including leadership and strategic thinking, risk * Total Assets Under Management as at December 31, for the SLI Group management, legal and regulatory compliance, contemporary of Companies. corporate governance, consumer behavior, sales and marketing, information technology, data analytics, digital platforms and C. THE TRUSTEE cyber security, proficiency in economics, finance, accounting HDFC Trustee Company Limited (the “Trustee”), through its Board & audit. The policy directions of the board of directors are of Directors, shall discharge its obligations as trustee of HDFC implemented by a senior management team comprising Mutual Fund. The Trustee ensures that the transactions entered into the Chairman, Vice Chairman & CEO, Managing Director, by the AMC are in accordance with the “SEBI (MF) Regulations” Executive Director, Members of Executive Management and and will also review the activities carried on by the AMC. Senior General Managers.

5 HDFC MF SAI - dated June 28, 2019 Details of Trustee Directors: Name Age/Qualification Brief Experience Mr. Anil Kumar Hirjee 80 years Mr. Anil Kumar Hirjee, the Chairman of the Board, is an independent B.A. (Hons.), LL.B. (Hons.), Director. Mr. Hirjee has 56 years of experience in different areas of Barrister-at-Law and Sloan Business management and his expertise extends to finance, banking, Fellow of the London legal, commercial, industrial and general administration. Mr. Hirjee Business School has been associated with “The Bombay Burmah Trading Corporation Limited” since 1976 and is presently its Vice Chairman. He is also a director on the Board of various companies. He is also actively associated with leading Charitable Institutions. Mr. V. Srinivasa 59 years Mr. V. Srinivasa Rangan is an Associate Director on the Board. Rangan Graduate in Commerce, Mr. Rangan is an Executive Director at Housing Development Grad. CWA and an Associate Finance Corporation Limited (HDFC Ltd.). Mr. Rangan joined Member of the Institute of HDFC Ltd. in 1986 and has served in Delhi Region and was Chartered Accountants of the Senior General Manager - Corporate Planning & Finance India. at head office since 2000. He has been appointed as the Executive Director of HDFC Ltd. with effect from January 1, 2010. He was conferred the “Best CFO in the Financial Sector for 2010” by “The Institute of Chartered Accountants of India“ (ICAI) for exceptional performance and achievements as CFO in the Financial Sector for the year 2010. He is also a director on the Board of various companies. Mr. Ranjan Sanghi 75 years Mr. Ranjan Sanghi is an independent Director on the Board. He is Bachelor of Commerce from Director / Partner with Sah & Sanghi Group of Companies. He is Bombay University. also a director on the Board of various Private and Public Limited Companies. Mr. Vimal Bhandari 60 years Mr. Vimal Bhandari is an Independent Director on the Board. Mr. Chartered Accountant, Bhandari has over 31 years of experience in a range of businesses Bachelor of Commerce in the financial services industry, of which over 22 years have been at (Hons.) the Board of Directors level. Until April 2017, he was the Managing Director & CEO of IndoStar Capital Finance Limited, a Non-Banking Financial Services Company (NBFC) since its inception in 2011. Prior to that, Mr. Bhandari was the Country Head of AEGON N.V., the Dutch life insurance and pension player, since its inception in 2004. Before that, Mr. Bhandari worked with IL&FS Limited (1988-2004), of which 9 years were as the Executive Director responsible for its financial services business. He is also an independent director on the Board of various companies.

Rights, Obligations, Responsibilities and Duties of and regulations, notifications, guidelines, instructions, the Trustee under the Trust Deed and the SEBI (MF) etc., issued by the Board or the Central Government and Regulations for redressal of investors grievances. The compliance Pursuant to the Trust Deed dated June 08, 2000, constituting officer appointed shall immediately and independently the Mutual Fund, and in terms of the SEBI (MF) Regulations, report to the SEBI any non-compliance observed by him; the rights, obligations, responsibilities and duties of the Trustee, – appointed registrars and laid down parameters for inter-alia, are as under: their supervisions; 1 The Trustee and the AMC with the prior approval of SEBI into an Investment Management Agreement. – prepared a compliance manual and designed internal control mechanisms including internal audit systems; 2 The Investment Management Agreement contains clauses as are mentioned in the Fourth Schedule of the SEBI (MF) – specified norms for empanelment of brokers and Regulations and such other clauses as are necessary for marketing agents; the purpose of making investments. – obtained, wherever required under these regulations, 3 The Trustee shall have a right to obtain from the AMC prior in-principle approval from the recognised stock such information as is considered necessary by it. exchange(s) where units are proposed to be listed. 4 The Trustee shall ensure before the launch of any Scheme 5 The Trustee shall ensure that - that the AMC has:- – the AMC has been diligent in empanelling the brokers – systems in place for its back office, dealing room and in monitoring securities transactions with brokers and accounting; avoiding undue concentration of business with any – appointed all key personnel including fund manager(s) broker; for the Scheme and submitted their bio-data which – the AMC has not given any undue or unfair advantage shall contain educational qualifications, past experience to any associates or dealt with any of the associates in the securities market, with the Trustee, within of the AMC in any manner detrimental to the interest 15 days of their appointment; of the Unit holders; – appointed auditors to audit its accounts; – transactions entered into by the AMC are in accordance – appointed a compliance officer who shall be responsible with SEBI (MF) Regulations and the Scheme; for monitoring the compliances of the SEBI Act, rules

HDFC MF SAI - dated June 28, 2019 6 – the AMC has been managing the Scheme independently be prescribed by SEBI from time to time, review the of other activities and taken adequate steps to ensure networth of the AMC and in case of any shortfall, ensure that the interest of the Unit holders of a Scheme is not that the AMC make up for the shortfall as per the SEBI being compromised with those of any other Scheme (MF) Regulations. or of other activities of the AMC; and 16 The Trustee shall periodically review all service contracts – all the activities of the AMC are in accordance with such as custody arrangement, transfer agency of the the provisions of SEBI (MF) Regulations. securities and satisfy itself that such contracts are executed 6 Where the Trustee have reason to believe that the conduct in the interest of the Unit holders. of business of the Mutual Fund is not in accordance with 17 The Trustee shall ensure that there is no conflict of interest the SEBI (MF) Regulations and / or the Scheme, shall between the manner of deployment of its networth by the forthwith take such remedial steps as are necessary and AMC and the interest of the Unit holders. shall immediately inform SEBI of the violation and the action taken by them. 18 The Trustee shall periodically review the investor complaints received and the redressal of the same by the AMC. 7 Each Director of the Trustee Company shall file the details of transactions of dealing in securities with the Mutual 19 The Trustee shall abide by the Code of Conduct as specified in the Fifth Schedule to the SEBI (MF) Regulations. Fund on a quarterly basis. 20 The Trustee shall furnish to SEBI on a half yearly basis 8 The Trustee shall be accountable for, and be the custodian or at such frequency as may be prescribed by SEBI from of the funds and property of the Scheme and shall hold time to time; the same in trust for the benefit of the Unit holders in accordance with SEBI (MF) Regulations and the provisions – a report on the activities of the Mutual Fund. of the Trust Deed. – a certificate stating that the Directors have satisfied 9 The Trustee shall take steps to ensure that the transactions themselves that there have been no instances of self of the Mutual Fund are in accordance with the provisions dealing or front running by any of the directors and of the Trust Deed. key personnel of the AMC. 10 The Trustee shall be responsible for the calculation of any – a certificate to the effect that the AMC has been income due to be paid to the Mutual Fund and also of managing the Scheme independently of the other any income received in the Mutual Fund for the holders activities and in case any activities of the nature of the Units of the Scheme in accordance with the SEBI referred to in sub-regulation (2) of Regulation 24 of (MF) Regulations and the Trust Deed. SEBI (MF) Regulations have been undertaken by the AMC and has taken adequate steps to ensure that 11 The Trustee shall obtain the consent of the Unit holders: the interest of the Unit holders are protected. – whenever required to do so by SEBI in the interest of 21 The independent Directors of the Trustee shall give their the Unit holders; or comments on the report received from the AMC regarding the investments by the Mutual Fund in the securities of – whenever required to do so on the requisition made group companies of the Sponsors. by three-fourths of the Unit holders of any Scheme or such number of Unit holders as may be prescribed 22 Additionally, the Sponsor/Settlor and the Trustee acting jointly by SEBI from time to time; or shall be entitled by one or more Deed/s supplemental to the Trust Deed to modify, alter or add to the provisions – when the majority of the Directors of the Trustee of the Trust Deed in such manner and to such extent as Company decide to wind up or prematurely redeem they may consider expedient for any purpose, provided Units of any Scheme. that: 12 The Trustee shall ensure that no change in the fundamental (i) no such modification, alteration or addition shall be attributes of any Scheme or the trust or fees and expenses made without the prior approval of the Unit holders payable or any other change which would modify the and SEBI; Scheme or affect the interest of the Unit holders shall be (ii) no such modification, alteration or addition shall carried out unless: impose upon any Unit holder any obligation to make – a written communication about the proposed change any further payment in respect of his Units or to accept is sent to each Unit holder and an advertisement is any liability in respect thereof. given in one English daily newspaper having nationwide (iii) The Trustee shall, if required to do so by SEBI, as soon circulation as well as in a newspaper published in as practicable after any modification or alteration of the language of the region where the Head Office or addition to the provisions of this Trust Deed, give of the Mutual Fund is situated; and Notice of such modification, alteration or addition to the Unit holders. – the Unit holders are given an option to exit at the prevailing Net Asset Value without any Exit Load. 23 The Trustee shall exercise due diligence as under: 13 The Trustee shall call for the details of transactions in a. General Due Diligence: securities by the key personnel of the AMC in their own (i) The Trustee shall be discerning in the appointment personal names or on behalf of the AMC and shall report of the directors on the Board of the AMC. to SEBI, as and when required. (ii) The Trustee shall review the desirability of continuance 14 The Trustee shall quarterly or at such frequency as of the AMC if substantial irregularities are observed may be prescribed by SEBI from time to time review all in any of the scheme(s) and shall not allow the AMC transactions carried out between the Mutual Fund, AMC to float new scheme(s). and its associates. (iii) The Trustee shall ensure that the trust property is 15 The Trustee shall quarterly, or at such frequency as may properly protected, held and administered by proper persons and by a proper number of such persons.

7 HDFC MF SAI - dated June 28, 2019 (iv) The Trustee shall ensure that all service providers On a regular basis, activity report forwarded by the AMC are holding appropriate registrations from SEBI or will be discussed at the Board meeting of the Trustee. The concerned regulatory authority. Board meeting of the Trustee shall be held at least once in every two calendar months and at least six such meetings (v) The Trustee shall arrange for test checks of service shall be held in every year or at such frequency as may contracts. be prescribed under the SEBI (MF) Regulations from time (vi) The Trustee shall immediately report to SEBI of any to time. The quorum for a Board meeting of the Trustee special developments in the Mutual Fund. shall not be constituted unless such number of independent directors as may be prescribed by SEBI from time to time B. Specific Due Diligence: are present at the meeting. The Trustee shall: Supervisory Role of the Trustee (i) Obtain internal audit reports at regular intervals from The supervisory role of the Trustee will also be discharged independent auditors appointed by the Trustee. by the Board of Directors of the Trustee by reviewing the (ii) Obtain compliance certificates at regular intervals internal auditors / compliance reports on a regular basis. from the AMC. During the financial year 2018-19, eight meetings of the (iii) Hold meetings of the Trustee more frequently. Board of Directors of the Trustee Company were held. (iv) Consider the reports of the independent auditor and Further, during the period April 1, 2019 to June 27, 2019, compliance reports of the AMC at the meetings of the Board of Directors of Trustee Company met thrice. The Trustee for appropriate action. Audit Committee comprising three independent Directors and one Associate Director of the Board of Directors of Trustee (v) Maintain records of the decisions of the Trustee at Company, met five times during the financial year 2018-19. their meetings and of the minutes of the meetings. Further, during the period April 1, 2019 to June 27, 2019, (vi) Prescribe and adhere to a code of ethics by the the Audit Committee met once. Trustee, AMC and its personnel. D. THE ASSET MANAGEMENT COMPANY (AMC) (vii) Communicate in writing to the AMC of the deficiencies HDFC Asset Management Company Limited is a public limited and checking on the rectification of deficiencies. company incorporated under the Companies Act, 1956 on 24 Notwithstanding anything contained in SEBI (MF) December 10, 1999, and subsequently the equity shares Regulations, the Directors of the Trustee shall not be held of the Company were listed on National Stock Exchange of liable for acts done in good faith, if they have exercised India Limited (‘NSE’) and BSE Limited (‘BSE’) on August 06, 2018 having its Registered Office at HDFC House, 2nd Floor, adequate due diligence honestly. H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, 25 The independent Directors shall pay specific attention to Mumbai - 400 020. HDFC Asset Management Company Limited the following: has been appointed as the Asset Management Company of – the Investment Management Agreement and the HDFC Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated June 8, 2000, executed between HDFC compensation paid under the agreement. Trustee Company Limited and HDFC Asset Management – service contracts with affiliates - whether the AMC Company Limited. has charged higher fees than outside contractors for In terms of the Investment Management Agreement, the Trustee the same services. has appointed HDFC Asset Management Company Limited to – selection of the AMC’s independent directors. manage the Mutual Fund. The paid up share capital of HDFC – securities transactions involving affiliates to the extent AMC is ` 106.29 crore as at March 31, 2019. such transactions are permitted. As on March 31, 2019 equity shareholding pattern of the – selection and nomination of individuals to fill AMC was as follows: independent Directors vacancies. Particulars % of the paid-up – designing of code of ethics to prevent fraudulent, equity share capital deceptive or manipulative practices by insiders in Housing Development Finance connection with personal securities transactions. Corporation Limited 52.772 – the reasonableness of fees paid to Sponsors, AMC Standard Life Investments Limited 29.943 and any others for services provided. Other Shareholders 17.285 – principal underwriting contracts and their renewals. – any service contract with the associates of the AMC.

HDFC MF SAI - dated June 28, 2019 8 Details of AMC Directors: Name Age/Qualification Brief Experience Mr. Deepak S. Parekh 74 years Mr. Deepak S. Parekh is an Associate Director on the Fellow of the Institute of Chartered Board. He is a Non-Executive Director and Chairman on Accountants (England & Wales) our Board. He has been on our Board since July 4, 2000. He is also the non-executive director and chairman of one of our Promoters, HDFC. He is an associate of the Institute of Chartered Accountants (England and Wales). He is on the board of several leading companies across diverse sectors. He has won several awards, which includes Padma Bhushan conferred by Government of India in 2006, ‘Bundesverdienstkreuz’, which is Germany’s Cross of the Order of Merit, being one of the highest distinction by the Federal Republic of Germany, in 2014, “Knight in the Order of the Legion of Honour”, one of the highest distinction by the French Republic, in 2009 and he was also the first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010. Mr. N. Keith Skeoch 63 years Mr. Skeoch is an Associate Director on the Board. Economics (BA Hons.) from He is a Non-Executive Director on our Board and has been University of Sussex and MA appointed as a nominee of Standard Life Investments. He (Economics) at University of has been on our Board since October 26, 2005. He holds a Warwick, FSI (Fellow of Securities Bachelor of Arts degree in Economics from University of Sussex, & Investment Institute), Fellow of United Kingdom and Master of Arts degree in Economics the Society of Business Economists, from University of Warwick. He has been on the board of Fellow of the Royal Society for Standard Life Aberdeen plc (formerly known as Standard the Encouragement of the Arts, Life plc) since 2006 and was appointed chief executive Manufacture and Commerce. officer in 2015, having been the chief executive officer at Standard Life Investments Limited - one of our Company’s Promoters, since 2004. He is a non-executive director of the Financial Reporting Council in the United Kingdom. Mr. Keki M. Mistry 64 years Mr. Keki Mistry is an Associate Director on the Board. He Fellow of the Institute of is a Non-Executive Director on our Board. He has been Chartered Accountants of India a Director on our Board since December 24 2007. He is also the vice chairman and chief executive officer of one of our Promoters, HDFC. He is a fellow of the Institute of Chartered Accountants of India. He joined HDFC in 1981. He was appointed as an executive whole-time director of HDFC in 1993, as the deputy managing director in 1999 and as the managing director with effect from 2000. He was re-designated as the vice-chairman and managing director of HDFC in October 2007 and as the vice chairman and chief executive officer, with effect from January 1, 2010. Some of his recent recognitions include, being awarded “Best Independent Director Award 2014” by Asian Centre for Corporate Governance & Sustainability, the Best CEO Financial Services (Large Companies) 2014 by Business Today magazine, honoured with the ‘CA Business Achiever of the year’ award in the Financial Sector by the Institute of Chartered Accountants of India in 2011 and CNBC TV18’s - CFO of the Year for 2008. He is the chairman of the CII National Council on Corporate Governance and a member of the Committee on Corporate Governance set up by SEBI. Mr. James Aird 58 years Mr. James Aird is an Associate Director on the Board. He Graduate in Economics from is a Non-Executive Director on our Board and has been Edinburgh University appointed as a nominee of Standard Life Investments. He has been on our Board since April 23, 2009. He holds a degree in Economics from Edinburgh University. He has been the Chief Executive of Ignis Investment Services Limited, since 2015, where he is responsible for the day to day management of the business. In addition, he is Head of Corporate Development for Standard Life Aberdeen plc (formerly Standard Life plc) where he focuses on developing new international business, joint ventures and mergers and acquisitions and has responsibility for corporate finance. He joined Standard Life Aberdeen plc in 1997 and has held a number of senior roles within Standard Life Aberdeen plc including as Chief Executive of Standard Life Investments mutual fund business and as a director of Standard Life Investments (Asia) in Hong Kong.

9 HDFC MF SAI - dated June 28, 2019 Name Age/Qualification Brief Experience Dr. Deepak B. Phatak 71 years Dr. Deepak B. Phatak is an Independent Director on our B.E., M.Tech. Ph.D. Board. He has been on our Board since July 4, 2000. He holds a bachelor’s degree in Electrical Engineering from University of Indore, a master’s degree in Technology from Indian Institute of Technology, Bombay (“IIT, Bombay”) and a Doctorate in Philosophy from IIT, Bombay. He has been associated with the IIT, Bombay and is presently a professor in the department of computer science & engineering. He is on the board of various other companies. Some of his recognitions include being awarded with a ‘Lifetime Achievement Award” in 2003 by Skoch, “Lifetime Achievement Award” conferred by Dataquest in 2008, “Excellence in Teaching” award by the IIT, Bombay in 2009, “Padma Shri” award conferred by the Government of India in 2013 for his contribution in science and technology, “Lifetime Achievement Award” conferred by the IIT, Bombay in 2014, “Lifetime Achievement Award” conferred by InterOp, Mumbai in 2014 and “Lifetime Achievement Award” conferred by Computer Society of India, in 2018. Mr. Hoshang S. 68 years Mr. Hoshang S. Billimoria is an Independent Director on Billimoria Graduate in Commerce, Fellow of the Board. He has been on our Board since July 4, 2000. the Institute of Chartered He holds a bachelor’s degree in Commerce from University Accountants (England & Wales), of Bombay and he is a fellow of the Institute of Chartered Fellow of the Institute of Chartered Accountants (England and Wales) and of the Institute of Accountants of India Chartered Accountants of India. He is presently the chief executive officer of Next Gen Publishing Private Limited. Prior to this, he was associated with Tata Infomedia Limited and at the time of his resignation, he was its vice-chairman and managing director. He was also the deputy chief executive officer with Tata Sons Limited. He was a partner with M/s S.B. Billimoria and Co. He was the president of the Council for Fair Business Practices. Mr. Vijay Merchant 74 years Mr. Vijay Merchant is an Independent Director on our Board. Graduate in Commerce, He has been a director on our Board since December Post Graduate Programme in 24, 2007. He holds a bachelor’s degree in Commerce Business Management from IIM from University of Bombay and has completed the post Ahmedabad graduate diploma in Business Administration from Indian Institute of Management, Ahmedabad. He is a partner of Dynam Plastics. He has worked with Mafatlal Group of Companies in Administration. He was the president of Indian Plastics Institute and was the former president of the All India Plastic Manufacturing Association. He was the founder member of Indian Centre for Plastics in Environment. He was also associated with Indian Institute of Packaging (Ministry of Commerce), Indian Merchants Chamber, Enviroplast Plastindia Foundation, Indian Plastics Institute, The Plastic Export Promotion Council. He was the honorary editor of Industry Journal Plastics News. He has been conferred with the “Meritorious Service Award” by the Indian Plastics Institute in 2002, the “Best Presentation” award by Identiplast in 2007, an award for appreciation and gratitude by HDFC Bank and a golden jubilee year award by All India Plastics Manufacturers Association. Ms. Renu S. Karnad 66 years Ms. Renu Karnad is an Associate Director on the Board. She Masters in economics from is a Non-Executive Director on our Board. She has been University of Delhi, on the board of our Company since July 4, 2000. She is Graduate in law from University of also the managing director of one of our Promoters, HDFC. Mumbai, Parvin Fellow - Woodrow She holds a bachelor’s degree in Law from the University Wilson School of International of Mumbai and a master’s degree in Economics from Affairs, Princeton University, U.S.A. the University of Delhi. She is a Parvin Fellow – Woodrow Wilson School of International Affairs, Princeton University, USA. She joined HDFC in 1978 and was appointed as executive director in 2000. She was re-designated as the Joint Managing Director of HDFC in October 2007 and appointed as the the managing director with effect from January 1, 2010. Some of her recent recognitions include, being awarded ‘Outstanding Woman Business Leader’ at the CNBC-TV18 Indian Business Leader Awards 2012, being part of the 25 Most Influential Women Professionals in India – India Today Magazine’s power list 2011, being featured amongst the list of ‘25 top non-banking women in finance’ by U.S. Banker magazine, Wall Street Journal Asia adjudged her among the ‘Top Ten Powerful Women to Watch Out for in Asia’.

HDFC MF SAI - dated June 28, 2019 10 Name Age/Qualification Brief Experience Mr. Sanjay Bhandarkar 51 years Mr. Sanjay Bhandarkar is an independent director on our B. Com. (University of Pune), MBA Board with effect from October 31, 2018. He is a Senior (XLRI, Jamshedpur) Advisor to Rothschild India and is experienced in corporate finance advisory and investment banking. He was one of the founder members of Rothschild India. He started his career with ICICI Limited in their merchant banking business in 1990 and subsequently moved to ICICI Securities, the Investment Banking partnership between ICICI and JP Morgan, in 1992. He was involved in a number of domestic capital market transactions raising equity for Indian companies as well as in domestic loan syndications. He moved to Peregrine Capital India, the Asian Investment Bank, in 1996 where he was responsible for origination and execution of overseas equity and debt capital market deals involving Indian companies. He also led the teams that worked closely with the Government of India on the 3G and BWA spectrum auctions, the first e-auctions done in India, and on the restructuring of the Enron and GE owned Dabhol power project, one of the largest and most complex restructurings to date. He is also a director on the Board of various companies. Mr. Dhruv Subodh Kaji 68 years, Dhruv Subodh Kaji is an independent director on our Board B.Com. (University of Mumbai), with effect from October 31, 2018. He was Finance Director Chartered Accountant of Raymond Limited, Executive Director of Pinesworth Holdings Pte. Ltd. (Singapore) and a Director on the Boards of Raymond Apparel Limited, Colorplus Fashions Limited, Hindustan Oil Exploration Company Limited, Balaji Telefilms Limited and Balaji Motion Pictures Limited; he was also on the advisory board of Essar Steel Limited. He is currently an advisor, evaluating and guiding business projects, strategies and organizational development, both in India and abroad. He is also a director on the Board of various companies. Mr. Jairaj Purandare 59 years Mr. Jairaj Purandare is an independent director on our Board B.Sc. (Hons) (University of Mumbai), with effect from October 31, 2018. He is the Founder Chairman Chartered Accountant of JMP Advisors Pvt Ltd, a leading advisory, tax and regulatory services firm, based in Mumbai, India. He has three and half decades of experience in tax and business advisory matters and is an authority on tax and regulation. He was Regional Managing Partner, Chairman–Tax and Country Leader - Markets & Industries of Pricewaterhouse Coopers India. He was earlier Chairman of Ernst & Young India (EY). He was the Country Head of the Tax & Business Advisory practice of Andersen India, before joining EY. He has considerable experience on various issues in the Financial Services, Infrastructure, Power, Telecom, Media, Pharma and Auto sectors. International Tax Review (Euromoney), in its report - World’s Leading Tax Advisors, has named him several times as among the leading Tax Advisors in India. A frequent speaker at seminars in India and abroad, he has presented several papers in areas of his expertise including inbound/outbound investment structuring, international tax, transfer pricing, M&As, Indian Budget and Economy. He is a Director on the board of two other listed companies. Mr. Parag Shah 43 years Mr. Parag Shah has been appointed as an independent director Bachelor’s degree in Science on our Board with effect from January 22, 2019. He is the (Computer Engineering) from the Managing Partner of Mahindra Partners. In a career spanning Illinois Institute of Technology, over 20 years, Mr. Shah has held various positions with the Mahindra Group. He has extensive experience in building Graduate of the General new businesses, startups, turn arounds, joint ventures and Management Program of the merger and acquisitions. Mr. Shah is a Director on several Harvard Business School Mahindra Group companies. He is the Co-Chairman of the Group Diversity Council & is an Executive Committee member of various councils of Mahindra Learning University. He is the Group lead for business representation in Israel. Mr. Shah has been an Executive Committee Member and a regular speaker at various Industry and academic forums. He has also been associated with several NGOs.

11 HDFC MF SAI - dated June 28, 2019 Name Age/Qualification Brief Experience Ms. Roshni Nadar 37 years Ms. Roshni Nadar Malhotra has been appointed as an Malhotra MBA from the Kellogg Graduate independent director on our Board with effect from April School of Management, 27, 2019. She is the CEO and Executive Director of HCL Northwestern University Corporation. She is also the Vice Chairperson on the Board of HCL Technologies, the Chairperson of its CSR Committee and trustee of HCL Foundation. She is a Trustee of the Shiv Nadar Foundation, which is committed to the process of nation building by driving transformational leadership through education. She is the Chairperson and driving force behind VidyaGyan, a leadership academy for the meritorious but economically underprivileged, rural students of Uttar Pradesh. She is also the Founder & Trustee of the Habitats Trust, a foundation working towards protecting habitats and their indigenous species. Passionate about wildlife and nature, She founded the Trust with the mission of creating and conserving sustainable ecosystems through strategic partnerships and collaborations with all stakeholders at every level. She is a part of the Forum of Young Global Leaders (YGL), a unique and diverse community of the world’s most outstanding, next-generation leaders, an initiative of the World Economic Forum. Mr. Milind Barve 61 years Mr. Milind Barve is the Managing Director and an Executive Graduate in Commerce, Fellow Director of our Company since July 4, 2000. He has of the Institute of Chartered a bachelor’s degree in Commerce from University of Accountants of India. Poona and he is also a fellow of the Institute of Chartered Accountants of India. He has been associated with HDFC in the capacity of general manager – treasury where he headed the treasury operations at HDFC for 14 years and was responsible for the management of HDFC’s treasury portfolio and for raising funds from financial institutions and capital markets. He was also the head of marketing for retail deposit products and responsible for investment advisory relationships for Commonwealth Equity Fund Mutual Fund and Invesco India Growth Fund.

Duties and Obligations of the Asset Management other officers shall not be absolved of any liability to the Company Mutual Fund for its / their acts of commission or omissions, Under the SEBI (MF) Regulations and the Investment Management while holding such position or office. Agreement, the AMC has, inter-alia, the following duties and 8. The Chief Executive Officer of the AMC shall ensure that responsibilities: the mutual fund complies with all the provisions of SEBI 1. The AMC shall take all reasonable steps and exercise due (MF) Regulations and the guidelines or circulars issued diligence to ensure that the investment of funds pertaining thereto from time to time and the investments made by the to any Scheme is not contrary to the provisions of the SEBI fund managers are in the interest of the unit holders and (MF) Regulations and the Trust Deed. shall also be responsible for the overall risk management 2. The AMC shall exercise due diligence and care in all function of the mutual fund. its investment decisions as would be exercised by other 9. The Fund Managers shall ensure that the funds of the persons engaged in the same business. schemes are invested to achieve the objectives of the 3. The asset management company shall obtain, wherever scheme and in the interest of the unit holders. required under these regulations, prior in-principle approval 10. The AMC shall not through any broker associated with from the recognized stock exchange(s) where units are the Sponsor, purchase or sell securities, which is average proposed to be listed. of 5% or more of the aggregate purchases and sale of 4. The AMC shall be responsible for the acts of commissions securities made by the Mutual Fund in all its Scheme or as or omissions by its employees or the persons whose services may be prescribed under SEBI (MF) Regulations. Provided have been procured by the AMC. that for the purpose of this clause, aggregate purchase and sale of securities shall exclude sale and distribution 5. The AMC shall submit quarterly reports on the functioning of of Units issued by the Mutual Fund. Provided further that the Scheme and the compliance with SEBI (MF) Regulations the aforesaid limit of 5% shall apply for a block of any to the Trustee or at such intervals as may be required by three months or as may be prescribed under SEBI (MF) the Trustee or SEBI. Regulations. 6. The Trustee at the request of the AMC may terminate the 11. The AMC shall not purchase or sell securities through assignment of the AMC at any time. Provided that such any broker (other than a broker referred to in clause termination shall become effective only after the Trustee has above) which is average of 5% or more of the aggregate accepted the termination of assignment and communicated purchases and sale of securities made by the Mutual Fund its decision in writing to the AMC. in all its Scheme or as may be prescribed under SEBI (MF) 7. Notwithstanding anything contained in any contract or Regulations unless the AMC has recorded in writing the agreement or termination, the AMC or its directors or justification for exceeding the limit of 5% or as may be

HDFC MF SAI - dated June 28, 2019 12 prescribed under SEBI (MF) Regulations and reports of all reasons for charging higher rates shall be disclosed in the such investments are sent to the Trustee on a quarterly annual accounts. basis. Provided that the aforesaid limit shall apply for a 20. The AMC shall abide by the Code of Conduct as specified block of any three months or as may be prescribed under in the SEBI (MF) Regulations. SEBI (MF) Regulations. 21. The AMC shall - 12. The AMC shall not utilise the services of the Sponsor or – not act as a Trustee of any mutual fund; any of its associates, employees or their relatives, for the – not undertake any business activities other than in the purpose of any securities transaction and distribution and nature of management and advisory services provided sale of securities. Provided that the AMC may utilise such to pooled assets including offshore funds, insurance services if disclosure to that effect is made to the Unit funds, pension funds, provident funds, or Category I holders and the brokerage or commission paid is also foreign portfolio investor as specified in Securities and disclosed in the half yearly and annual accounts of the Exchange Board of India (Foreign Portfolio Investors) Mutual Fund. Regulations, 2014, if any of such activities are not in Provided further that the Mutual Fund shall disclose at the conflict with the activities of the mutual fund. time of declaring half yearly and yearly results: Provided that the AMC may itself or through its – any underwriting obligations undertaken by the Scheme subsidiaries undertake any such activities, if it satisfies for the Mutual Fund with respect to issue of securities SEBI and ensures that the conditions as laid under of associate companies; the applicable Regulations are met. – devolvement, if any; Provided further that the AMC may, itself or through – subscription by the Scheme in the issues lead managed its subsidiaries, undertake portfolio management by associate companies; services and advisory services for other than broad – subscription to any issue of equity or debt on private based fund subject to complying with the additional placement basis where the Sponsor or its associate conditions viz. (i) that the key personnel of the AMC, companies have acted as arranger or manager. the systems, back office, bank and securities accounts 13. The AMC shall file with the Trustee the details of transactions are segregated activity wise and there exist systems in securities by the key personnel of the AMC in their own to prohibit access to inside information of various names or on behalf of the AMC, and shall report to SEBI, activities; (ii) that the capital adequacy requirements, as and when required by SEBI. if any, separately for each such activity are met and 14. In case the AMC enters into any securities transactions that separate approval, if necessary under the relevant with any of its associates a report to that effect shall be regulations is obtained; and other directions, as may be sent to the Trustee at its next meeting. specified by the SEBI from time to time are adhered to. 15. In case any company has invested more than 5 per cent of – not invest in any of its Scheme unless full disclosure of the Net Asset Value of a Scheme or as may be prescribed its intention to invest has been made in the Scheme under SEBI (MF) Regulations, the investment made by that Information Document (SID); Scheme or by any other Scheme in that company or its Provided that the AMC shall not be entitled to charge subsidiaries shall be brought to the notice of the Trustee by any fees on its investment in that Scheme; the AMC and be disclosed in the half yearly and annual – not acquire any assets out of the Trust Fund which accounts of the respective Scheme with justification for such involves the assumption of any liability which is investment. The said disclosure will be made provided the unlimited or which may result in encumbrance of the latter investment has been made within one year of the Scheme property in any way. date of the former investment, calculated on either side. 22. The asset management company may become a proprietary 16. The AMC shall file with the Trustee and SEBI:- trading member for carrying out trades in the debt segment – detailed bio-data of all its directors alongwith their of a recognised stock exchange, on behalf of a mutual interest in other companies within fifteen days of their fund. appointment; 23. (i) The AMC for each scheme shall keep and maintain – any change in the interest of directors every six months; proper books of account, records and documents, for and each scheme so as to explain its transactions and to – a quarterly report to the Trustee giving details and disclose at any point of time the financial position of adequate justification about the purchase and sale of each scheme and in particular give a true and fair the securities of the group companies of the Sponsor view of the state of affairs of the Fund and intimate or the AMC as the case may be by the Mutual Fund to the SEBI the place where such books of account, during the said quarter. records and documents are maintained. 17. Each director of the AMC shall file the details of his (ii) The AMC shall maintain and preserve for a period transactions of dealing in securities with the trustees on of eight years its books of account, records and a quarterly basis in accordance with the guidelines issued documents. by the SEBI. 24. The AMC shall not carry out its operations including trading 18. The AMC shall not appoint any person as key personnel who desk, unit holder servicing and investment operations has been found guilty of moral turpitude or convicted of any outside the territory of India. economic offence or involved in violation of securities laws. 25. The AMC shall compute and carry out valuation of 19. The AMC shall appoint registrars and share transfer investments made by the scheme(s) of the Fund in agents who are registered with SEBI. Provided if the work accordance with the investment valuation norms specified relating to the transfer of Units is processed in-house, the in Eighth Schedule, and shall publish the same. charge at competitive market rates may be debited to the 26. The AMC and the Sponsor shall be liable to compensate the Scheme and for rates higher than the competitive market affected investors and/or the scheme for any unfair treatment rates, prior approval of the Trustee shall be obtained and to any investor as a result of inappropriate valuation.

13 HDFC MF SAI - dated June 28, 2019 27. The AMC shall report and disclose all the transactions in conflicts between the AIF Fund and the Mutual Fund will be debt and money market securities, including inter scheme adequately addressed by (a) compliance with the requirements transfers, as may be specified by SEBI from time to time. under Regulation 24(b) of the SEBI (Mutual Funds) Regulations, 28. The sponsor or asset management company shall invest 1996; (b) ensuring that the fund manager(s) of each scheme the prescribed minimum amount in such schemes as of the Mutual Fund, will not play any role in the day-today may be specified under the SEBI (MF) Regulations / SEBI operations of the AIF Fund, and the key investment team of guidelines from time to time and such investment shall not the AIF Fund is not involved with the activities of the Mutual be redeemed unless the scheme is wound up or except as Fund; and (c) ensuring that there is no interse transfer of assets permitted under the SEBI (MF) Regulations from time to time. between the Mutual Fund and any scheme of the AIF Fund. The AMC offers portfolio management / non-binding investment The AMC offers management and/or advisory services to: (a) advisory services and such activities are not in conflict with Category I foreign portfolio investors; and/or (b) Category II the activities of the Mutual Fund. The AMC has renewed its foreign portfolio investors which are appropriately regulated registration obtained from SEBI vide Registration No. - PM / broad based funds investing in India through fund manager(s) INP000000506 dated February 18, 2016 to act as a Portfolio managing the schemes of the Fund (“Business Activity”) as Manager under the SEBI (Portfolio Managers) Regulations, permitted under Regulation 24(b) of the SEBI (Mutual Funds) 1993. The said certificate of registration is valid unless it is Regulations, 1996, as amended from time to time (“the suspended or cancelled by SEBI. The AMC will also act as the Regulations”). The services provided by the AMC for the said investment manager for HDFC AMC AIF - II (“AIF Fund”), which Business Activity shall inter-alia include India focused research, is formed as a trust and has received registration as a Category statistical and analytical information, investment management II Alternative Investment Fund from SEBI vide Registration No. and non-binding investment advice. While, undertaking the IN/AIF2/ 12-13/0038. The Certificate of Registration is valid said Business Activity, the AMC shall ensure that (i) there is till the expiry of the last scheme set up under the AIF Fund. no conflict of interest with the activities of the Fund; (ii) there No Scheme(s) have yet been launched under the AIF Fund. exists a system to prohibit access to insider information as As and when any Scheme is launched, The AMC will ensure envisaged under the Regulations; and (iii) Interest of the Unit that there are no material conflicts of interest. Any potential holder(s) of the Scheme of the Fund are protected at all times.

HDFC MF SAI - dated June 28, 2019 14 Information on Key Personnel: Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Milind Barve 61 Managing B.Com., ACA Collectively over 35 years July 2000 till Date Director of experience (including 14 HDFC Asset Management Company years as Head of Treasury Limited with Housing Development April 1984 to June 2000 Housing Finance Corporation Ltd.) Development Finance Corporation in treasury management, Limited raising of funds, marketing Last Position Held - of retail fixed deposits and General Manager - Treasury investment advisory. Mr. Prashant Jain 51 Executive CFA (CFA Collectively over 28 years June 20, 2003 till Date Director Institute), of experience in fund HDFC Asset Management Company & Chief PGDM-IIM management and research Limited Investment Bangalore, in Mutual Fund Industry. July 1993 to June 19, 2003 Officer B.Tech. - IIT, Zurich Asset Management Company Kanpur (India) Private Limited Last Position Held - Chief Investment Officer 1991 to June 1993 SBI Mutual Fund Last Position held - Fund In charge Mr. V. Suresh 52 Head - B.Com., Collectively over 28 years May 2000 till Date Babu Operations Grad. ACWA of experience in Banking, HDFC Asset Management Company Fund Administration, Limited Operations of Mutual September 1996 to April 2000 Fund, Audit Function, Risk Sundaram Newton Asset Management, Systems Management Company Limited Process and Controls Last Position Held - Senior Manager - Finance & Operations September 1991 to August 1996 Canbank Investment Management Services Limited Last Position Held - Manager Mr. Kiran M. 63 Head – Sales B.Com. Collectively over 43 years March 1, 2001 till Date Kaushik & Distribution years of experience in HDFC Asset Management Company commercial banking (viz. Ltd. International Banking, July 1975 till January 2001 Corporate lending, loan Union Bank of India recovery, mobilizing Last position held – resources, NRI services), Assistant General Manager marketing and distribution of Mutual Funds products. Mr. Piyush Surana 54 Chief B.Com; Collectively over 30 years February 25, 2013 till Date Financial LL.B; ACA, CFP of work experience ranging HDFC Asset Management Company Officer across the functional areas Limited of Business development, September 2008 to Finance & Investments, April 2012 Operations, Compliance Daiwa Asset Management (India) and Law. Private Limited Last Position held: Chief Executive Officer July 2006 to September 2008 Shinsei Corporate Advisory Services Private Limited Last Position held - Chief Operating Officer March 2006 to June 2006 Consultant February 1999 to December 2005 Alliance Capital Asset Management (India) Private Limited Last Position held - Chief Operating Officer

15 HDFC MF SAI - dated June 28, 2019 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. John Mathews 54 Head - B.Com., Collectively over 33 years July 2000 till Date Client PGDSM, CAMS of experience primarily in HDFC Asset Management Company Services (Certified Investor Relations, Retail Limited Anti Money Deposit Operations and Also appointed as Principal Laundering Mutual Fund Unit Officer under the Prevention of Specialist), Administration Money Laundering Act, 2002 and Executive Responsible Officer under FATCA Program in December 1996 to June 2000 Management Housing Development Finance (EPM) from Corporation Limited Columbia Last Position Held - Assistant Business Manager - Management Services. School, USA July 1996 to December 1996 Weizmann Limited Last Position Held - Senior Assistant Vice President November 1995 to June 1996 Wall Street Finance Limited Last Position Held - Marketing Manager - Deposits. January 1986 to October 1995 Housing Development Finance Corporation Limited Last Position Held - Senior Officer - Deposits. Mr. Yezdi 58 Chief B.Com., Collectively over 37 years Mid - May 2004 till Date Khariwala Compliance PGDSL - of experience in HDFC Asset Management Company Officer Government Operations, Client Limited Law College, Services and Statutory Mid - January 1995 - Mumbai Compliances. Mid - May 2004 SUN F&C Asset Management (I) Pvt. Limited Last Position held - Chief Compliance Officer March 1982 - Mid - January 1995 Tata Share Registry Limited Last Position Held - General Manager - Operations. Ms. Sylvia 49 Company B.Com., Collectively over 25 years September 2005 till Date Furtado Secretary ACS., LL.B. of experience in Secretarial HDFC Asset Management Company and and Legal. Limited Compliance May 2004 - August 2005 Officer In practice (Company Secretary). [under the August 2003 - November 2003 SEBI (Listing Juris Corp. - Law Firm Obligations Last Position Held - Associate and February 1998 - May 2003 Disclosure HDFC Bank Limited Requirements) Last Position Held - Asst. Manager - Regulations, Legal & Secretarial 2015] March 1996 - July 1997 Indus Venture Management Limited. Last Position Held - Dy. General Manager - Legal & Secretarial June 1994 - February 1996 Management Trainee with CEAT Ltd.

HDFC MF SAI - dated June 28, 2019 16 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Alok 51 Head - B.Com., Collectively over 28 years May 5, 2006 till Date Sheopurkar Human M.P.M. & IR of experience in various HDFC Asset Management Company Resources LL.B. facets of Human Resources Limited and Business Management September 21, 2004 to May 4, 2006 TATA - AIG Group of companies viz. Tata - AIG General Insurance Co. Ltd. Tata - AIG Life Insurance Company. Last Position Held - Sr. Manager - HR September 1996 to September 20, 2004 Cadbury India Ltd. Last Position Held - HR Manager September 1991 to 1996 Crompton Greaves Ltd. Last Position Held - Personnel Executive. Mr. Naveen 46 Head – Sales B.Com., MBA - Collectively over 23 years March 1, 2002 till Date Gogia (North & Marketing - of experience in Marketing, HDFC Asset Management Company Ltd. West) Nottingham Sales & Distribution and March 2001 to Feb. 2002 Birla Trent University Client servicing Sunlife Distributions Company Ltd. Last Position Held - Manager: Private Client Group April 1998 to Jan. 2000 Ammirati Puris Lintas Last Position held - Sr. Accounts Manager Mr. Rajiv Maniar 47 Head – Sales B.E. Collectively over 22 years June 26, 2008 till Date (South & (Mechanical) of experience in Product HDFC Asset Management Company East) (Mumbai Management, Sales, Limited University), Distribution and Advisory January 2007 - June 2008 AIG M.M.S. of mutual fund products Global Asset Management Company (Finance) to retail and institutional India Pvt. Ltd. (Mumbai channels Last Position Held - University) National Head - Institutional Sales February 2005 - January 2007 Kotak Mahindra Bank Limited Last Position Held - Business Head - Corporate Investment Products June 2003 - February 2005 ING Investment Management (India) Pvt. Ltd. Last Position Held - Sr. Vice President & Zonal Manager (West) December 1999 - June 2003 Zurich Asset Management Company (India) Private Ltd. Last Position Held - Regional Manager - Distribution June 1997 - December 1999 ITC Threadneedle Asset Management Company Limited Last Position Held - Sales Manager Ms. Shyamali 51 Head - B.A., MBA Collectively over 24 years January 4, 2001 till Date Basu Products and Finance - Delhi experience in Sales HDFC Asset Management Company Marketing University and Distribution, Equity Limited Research and Property Last Position Held - Senior Vice Consulting President & Zonal Head - East Mr. Sharad 39 Associate B.Com, A.C.A., Collectively over 15 years March 2007 till Date Mohnot Vice C.S. of experience, of which HDFC Asset Management Company President - 7 years in operations Limited Risk and approx. 8 years July 2004 to March 2007 Management in investment risk Birla Sunlife Asset Management management. Company Limited

17 HDFC MF SAI - dated June 28, 2019 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Simal Kanuga 45 Head - PMS B.Com, ACA, Collectively over 21 years October 1, 2004 till date Sales & New Grad CWA experience in PMS Sales, HDFC Asset Management Company Initiatives Mutual Fund Sales and Limited and Chief wealth management June 2003 to September 2004 Investor Citibank N.A. Relations Last Position Held - Officer Head Wealth Management - Suvidha (AMC) November 1997 to May 2003 Zurich Asset Management (India) Private Limited Last Position Held - Regional Manager - Corporate Sales Ms. Mudeita 45 Head - MMS (Finance), Over 22 years of experience June 2016 till Date Patrao Digitization M.Com (Part 1) in Financial Services sector HDFC Asset Management Company and Chief (Mumbai delivering technology led Limited Information University); transformation programs. Dec 2008 to June 2016 Security Grad ICWAI Accenture Services India Pvt Ltd. Officer Last Position Held - Managing Director Jan 2008 to Dec 2008 HSBC India Last Position Held -Senior Vice President Oct 2002 to Dec 2007 IBM India Last Position Held - Managing Consultant Investment Team In addition to Mr. Prashant Jain - Executive Director & Chief Investment Officer, the Investment Team comprises: Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Shobhit 53 Senior Fund B.Tech., Collectively over 26 years Feb. 16, 2004 till Date Mehrotra Manager - M.S. MBA of experience in Fixed HDFC Asset Management Company Fixed Income (Clemson Income markets, Fixed Limited and Head University, SC, Income dealing, credit February 1997 to February 2004 of Credit USA) rating etc. Templeton Asset Management (India) Pvt. Ltd. Last Position Held - AVP & Portfolio Manager (Fixed Income) July 1992 to Jan. 1997 ICRA Ltd. Last Position Held - Business / Investment Analyst, Member Executive Rating Committee. Mr. Anil Bamboli 47 Senior Fund B.Com., Collectively over 25 years July 25, 2003 till Date Manager - Grad CWA, of experience in Fund HDFC Asset Management Company Fixed Income MMS (Finance), Management and Limited CFA (CFA Research, Fixed Income May 1994 - July 2003 Institute) dealing. SBI Funds Management Pvt. Ltd. Last Position Held - Asst. Vice President Mr. Anupam Joshi 41 Fund PGDBM Collectively over 14 years October 2015 till Date Manager - Finance from of experience, in fund HDFC Asset Management Company Fixed Income Chetana’s management, research Limited Institute of and dealing August 2008 - September 2015 Management IDFC Asset Management Company & Research Limited Last Position Held - Director - Investments November 2005 - August 2008 Principal PNB Asset Management Co. Private Limited Last Position Held - Assistant Manager - Fixed Income

HDFC MF SAI - dated June 28, 2019 18 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Praveen Jain 36 Senior Credit B.Com. Collectively around September 26, 2007 till Date Analyst and (Hons.), ACA, 14 years of experience in HDFC Asset Management Company Fixed Income CFA Credit Research Limited Dealer (CFA Institute) and Treasury August 16, 2005 to (Backup) September 20, 2007 Larsen & Toubro Limited Last Position Held - Assistant Manager November 3, 2004 to August 12, 2005 Tata Motors Limited Last Position Held - Senior Officer Mr. Vikash 37 Dealer - B.Com. Collectively over 13 years September 21, 2007 till Date Agarwal Fixed Income (Hons.), ACA, of experience of dealing HDFC Asset Management Company MS (Finance) - in fixed income products Limited ICFAI of which 12 years in debt April 3, 2006 to dealing and investment September 14, 2007 and more than 1 year in Larsen & Toubro Limited Forex dealing and research Last Position Held - Executive Mr. Vinay R. 53 Senior Fund B.Tech. (IIT, Collectively over 29 years November 3, 2006 till Date Kulkarni Manager - Mumbai) of experience, of which HDFC Asset Management Company Equities PGDM (IIM, 27 years in Fund Limited Bangalore) Management and Equity August 2, 2006 to October 20, 2006 Research and 2 years in Tata Asset Management Limited the IT industry. Last Position Held - Senior Fund Manager July 26, 2005 to July 28, 2006 Deutsche Asset Management (India) Pvt. Ltd. Last Position Held - Senior Fund Manager June 8, 1992 to July 25, 2005 UTI Asset Management Company (Pvt.) Ltd. Last Position Held - Fund Manager June 1, 1988 to June 1, 1990 Patni Computer Systems Limited Last Position Held - Software Engineer Mr. Chirag 45 Senior Fund B.Sc. in Business Collectively over 22 years March 19, 2007 till Date Setalvad Manager - Administration - of experience, of which HDFC Asset Management Company Equities University of 19 years in Fund Limited North Carolina, Management and Equity October 2004 - February 28, 2007 Chapel Hill Research and 3 years in New Vernon Advisory Services Pvt. Ltd. investment banking. Last Position Held - Vice President July 2000 - August 31, 2004 HDFC Asset Management Company Limited Last Position Held - Fund Manager September 1996 to June 2000 ING Barings N.V., Mumbai Last Position Held - Assistant Manager Mr. Krishan 48 Senior Fund B.Com. Collectively over 29 years September 1, 2015 till date Kumar Daga Manager experience, out of HDFC Asset Management Company which 12 years in fund Limited management and February 1, 2008 to 12 years in Equity August 31, 2015 Research. Reliance Capital Asset Management Company Limited Last Position Held - Fund Manager / Head - ETF July 17, 2007 to January 31, 2008 Reliance Capital Ltd. Last Position Held - Vice President

19 HDFC MF SAI - dated June 28, 2019 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Bhagyesh 51 Senior Equity B.E. Collectively over 25 years January 3, 2007 till Date HDFC Kagalkar Analyst (Production) of experience in Equity Asset Management Company Limited MMS (Finance) Research, investments and June 1999 to December 2006 - Mumbai Finance Dolat Capital Markets Ltd. University Last Position Held - Head of Research January 2, 1999 to May 31, 1999 India Infoline Ltd. Last Position Held - Research Analyst August 1, 1997 to December 31, 1998 Sun Engineering Ltd. Last Position Held - Manager - Finance June 1996 to July 1997 Al Ahlia Portfolio Securities Co. Muscat Last Position Held - Investment Analyst June 1994 to May 1996 IIT Investrust Last Position Held - Equity Analyst Mr. Miten Lathia 41 Fund CFA (CFA Collectively over 19 years December 26, 2006 till Date Manager - Institute); CA of experience in equity HDFC Asset Management Company Equities & (ICAI); B. Com. research and includes Limited Senior Equity (Mumbai 6 years in fund June 1, 2004 to December 12, 2006 Analyst University); management. BRICS Securities Limited FRM (GARP) Last Position Held - Vice President - Research January 1, 2004 to May 31, 2004 Enam Securities Pvt. Ltd. Last Position Held - Analyst January 1, 2001 to December 26, 2003 SSKI Securities Pvt. Ltd. Last Position Held - AVP Research October 1, 1999 to December 31, 2000 Anand Rathi Securities Pvt. Ltd. Last Position Held - Manager Research Mr. Rakesh Vyas 40 Fund B.E. (Electrical); Collectively over 16 years October 2009 till Date Manager - PGDBM of experience of which HDFC Asset Management Company Equities & from XLRI, 3 years in Application Limited Senior Equity Jamshedpur Engineering (Control & October 2008 to October 2009 Analyst Automation) and over Nomura Financial Advisory and 13 years in equity research. Securities Pvt. Ltd Last Position Held - Associate June 2006 to September 2008 Lehman Brothers Services India Pvt. Ltd. Last Position Held - Associate January 2003 to May 2004 GE Power Controls India Pvt. Ltd. Last Position Held - Application Engineer August 2001 to January 2003 Larsen & Toubro Limited Last Position Held - Project Engineer, Control & Automation - Projects Mr. Anand 39 Senior Equity B.Com., CA Collectively over 15 years February 2006 till Date Laddha Analyst & (ICAI) of experience in Equity & HDFC Asset Management Company Equity Dealer Derivative Research and Limited (Back-up) Sales. September 2004 to February 2006 Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. August 2003 to September 2004 Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.

HDFC MF SAI - dated June 28, 2019 20 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Amar 39 Fund B.Com., Collectively over 17 years March 2002 till Date Kalkundrikar Manager Chartered experience of which HDFC Asset Management Company - Foreign Accountant; 14 years in Equity Research Limited Securities CFA - (CFA & Portfolio Management. December 2001 to March 2002 and Senior Institute); HDFC Limited Equity Analyst MBA (Columbia Last Position Held - Trainee Business School) Mr. Arun Agarwal 46 Dealer - B.Com., ACA Collectively over 21 years September 16, 2010 till Date Equities of experience in equity, debt HDFC Asset Management Company and derivative dealing, Limited fund management, July 1, 2006 to September 15, 2010 internal audit and treasury SBI Funds Management Pvt. Ltd. operations. Last Position Held - Assistant Vice President December 15, 2005 to June 30, 2006 ICICI Bank Limited Last Position Held - Chief Manager December 2002 to December 14, 2005 UTI Asset Management Pvt. Ltd. Last Position Held - Manager August 1998 to December 2002 UTI Asset Management Pvt. Ltd. Last Position Held - Assistant Manager Mr. Sarans 35 Manager - B.Com. Collectively over 11 years February 2008 till Date Harlalka Investment (Hons.); of experience of which HDFC Asset Management Company Process Diploma 10 years in equity dealing Limited control & in Business and 4 months in risk Equity Dealer Finance - management. (Back-up) ICFAI; Masters (Finance & Investment) - University of Nottingham, UK Mr. Saurabh 36 Chief B.Com, ACA Collectively over 13 years February 2008 till Date Patwa Manager - of experience of which over HDFC Asset Management Company Investment 8 years in investment risk Limited Processcontrol, management and analysis. September 2006 to February 2008 Equity Morgan Stanley Investment Analyst & Management Equity Dealer Last Position Held - Associate - Operations (Backup) October 2005 to August 2006 SBI Life Insurance Company Limited Last Position Held - Management Trainee - Accounts & Finance July 2005 to August 2005 Indiabulls Securities Limited Last Position Held - Relationship Manager

21 HDFC MF SAI - dated June 28, 2019 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Chirag Dagli 40 Senior Equity B.Com; Collectively over 18 years November 01, 2012 till Date Analyst Chartered of experience in Investment HDFC Asset Management Company Accountant – and Equity research. Limited ICAI; August 2012 to October 2012 Aviva Life Insurance Last Position held - Senior Manager - Fund Management October 2010 to August 2012 ICICI Securities Last Position Held - Vice President March 2009 to October 2010 Infinity.Com Financial Securities Ltd (Pioneer Invest Corp) Last Position Held - Vice President - Research April 2008 to February 2009 Deutsche Equities India Private Limited Last Position Held - Asst. Vice President - Global Markets October 2003 to April 2008 Citigroup Global Markets India Private Limited Last Position Held - Research Analyst May 2001 to September 2003 ICICI Securities Last Position Held - Associate - Equity Research Mr. Manish Shah 56 Senior B.Com., Collectively over 26 years October 2013 till Date Dealer - Chartered of experience in Equity HDFC Asset Management Company Equities Accountant Markets including Equity Limited Sales, Equity Dealing and January 2008 to September 2013 development of Broking Antique Stock Broking Ltd. Business across various Last Position Held - client profiles, etc. Vice President - Equity Sales September 2007 to December 2007 HSBC Securities & Capital Markets (I) Ltd. Last Position Held - Associate Director - Equity Sales January 2006 to September 2007 Sunidhi Securities & Finance Ltd. Last Position Held - Head - Equities February 2000 to November 2005 Rajendra K. Dalal Sec. & Fin. (P) Ltd. Last Position Held - CEO Mr. Swapnil 32 Manager - B.Com., Collectively around September 2012 till date Jangam Dealing and Chartered 8 years experience HDFC Asset Management Investments Accountant, in dealing in fixed Company Limited. CFA (CFA income products, debt July 2010 to April 2012 Institute, USA) investment operations, S.V. Ghatalia & Associates LLP cashflow management Last Position Held - Executive and statutory audit of companies in financial sector. Designated asManger - Dealing and Investments since October 24, 2016.

HDFC MF SAI - dated June 28, 2019 22 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Bhavyesh 36 Credit CFA (CFA Collectively around 12 February 6, 2017 till date Divecha Analyst and Institute, USA), years experience, of which HDFC Asset Management Backup PGDM (IIM – 9 years are in credit risk Company Limited dealer – Ahmedabad), analysis and investment April 1, 2014 to February 2, 2017 Fixed B.E. Comput- research. L&T Investment Management Limited Income ers, Last Position Held - Credit Analyst (Mumbai January 4, 2010 to University) March 28, 2014 ICRA Limited Last Position Held - Senior Analyst April 20, 2009 to December 24, 2009 FinIQ Consulting Private Limited Last Position Held - Financial Engineer July 20, 2005 to May 31, 2007 Tata Consultancy Services Limited Last Position Held - Asst. System Engineer Mr. Sankalp 38 Credit PG Diploma Collectively around 11 February 27, 2017 till date Baid Analyst in Business years of experience in HDFC Asset Management and Backup Management credit analysis, trading Company Limited dealer – from XLRI, and audit. February 16, 2015 to Fixed Jamshedpur, February 3, 2017 Income Chartered BNP Paribas Bank Accountant, Last Position Held - B.Com Hons. Assistant Vice President (University of July 14, 2010 to Calcutta) February 13, 2015 India Ratings & Research Last Position Held - Associate Director April 14, 2009 to February 10, 2010 Future First Info Services Last Position Held - Analyst April 2005 to March 2006 BSR & Co (part of KPMG) Last Position Held - Assurance Senior Mr. Nirman S. 34 Equity M.B.A - Collectively over 11 years March 15, 2018 till date Morakhia Dealer* Financial of experience in equity HDFC Asset Management Markets dealing. Company Limited (Institute November 19, 2007- of Technology March 14, 2018 and Mirae Asset Global Investment Management, Management India Pvt. Ltd. Navi Mumbai) Last Position held: Equity Dealer B.M.S (Mumbai University)

23 HDFC MF SAI - dated June 28, 2019 Name Age Designation Educational Total No. of Years Assignments Held (yrs.) Qualifications of Experience / Type & Nature of Experience Mr. Abhishek 37 Senior PGP from Collectively over April 25, 2019 till date Poddar Equity Indian School 8 years of equity HDFC Asset Management Company Analyst of Business, research and 1 year in Limited Hyderabad, investment banking November 19, 2012 to CIMA (UK), April 12, 2019 Chartered Kotak Securities Limited Accountant, Last Position held: B Com. (H) Research Analyst (Lead) from St. April 20, 2010 to Xavier’s November 15, 2012 College Tata Securities Limited Last Position held: Research Analyst February 8, 2010 to April 19, 2010 HDFC Securities Limited Last Position held: Senior Manager – Institutional Business August 10, 2009 to January 31, 2010 Anand Rathi Financial Services Limited Last Position held: Investment Banking Associate * In addition to the equity dealing activities, Mr. Morakhia will also act as a back-up Fund Manager for Mr. Krishan Kumar Daga, Fund Manager. However, on the days when Mr. Morakhia acts as a back-up Fund Manager, he shall not undertake any dealing activity.

HDFC MF SAI - dated June 28, 2019 24 E. Service Providers Citibank N.A is presently the Custodian of the following schemes – Custodians 1. HDFC Capital Builder Value Fund; 2. HDFC Equity Fund; (1) HDFC Bank Limited 3. HDFC Infrastructure Fund; Custody Services, 4. HDFC Growth Opportunities Fund iThink Techno Campus, Office O8, Kanjurmarg (E), Mumbai 400 042, 5. HDFC Multi-Asset Fund (other than physical Gold) 6. HDFC Balanced Advantage Fund Maharashtra, India. 7. HDFC Small Cap Fund; SEBI Registration No: IN/CUS/001 8. HDFC TaxSaver HDFC Bank provides custodial services for the following schemes 9. HDFC Top 100 Fund. of the Fund – (3) Deutsche Bank A.G. 1. HDFC Arbitrage Fund; Deutsche Bank House, 2. HDFC Hybrid Equity Fund; Hazarimal Somani Marg, 3. HDFC Banking and PSU Debt Fund; Fort, Mumbai - 400 001. 4. HDFC Low Duration Fund; SEBI Reg No. IN/CUS/003 5. HDFC Money Market Fund; Deutsche Bank A.G. is the Custodian of the Physical Gold 6. HDFC Overnight Fund; held by HDFC Gold Exchange Traded Fund and HDFC Multi- 7. HDFC Credit Risk Debt Fund; Asset Fund. 8. HDFC Charity Fund for Cancer Cure; 9. HDFC Children’s Gift Fund; Registrar and Transfer Agent 10. HDFC Corporate Bond Fund; Computer Age Management Services Pvt. Limited 11. HDFC Focused 30 Fund; (unit: HDFC Mutual Fund) 12. HDFC Dynamic PE Ratio Fund of Funds; Rayala Towers, 5th Floor, Tower 2, 13. HDFC Dual Advantage Fund - Series II; 158, Anna Salai, Chennai - 600002. 14. HDFC Dual Advantage Fund - Series III; SEBI Registration No: INR000002813 15. HDFC Equity Savings Fund; 16. HDFC Fixed Maturity Plans – Series 27; Statutory Auditor for the Mutual Fund 17. HDFC Fixed Maturity Plans – Series 29; S.R. Batliboi & Co. LLP – Chartered Accountants 18. HDFC Fixed Maturity Plans – Series 30; The Ruby, 14th Floor, 29, Senapati Bapat Marg, Dadar (W), 19. HDFC Fixed Maturity Plans – Series 35; Mumbai – 400 028, Maharashtra, India. 20. HDFC Fixed Maturity Plans – Series 36; 21. HDFC Fixed Maturity Plans – Series 37; Legal Counsel 22. HDFC Fixed Maturity Plans – Series 38; Dave & Girish & Co. 23. HDFC Fixed Maturity Plans – Series 39; Sethna Building, 1st Floor, 55, Maharshi Karve Road, Marine Lines, Mumbai 400 002. 24. HDFC Fixed Maturity Plans – Series 40; 25. HDFC Fixed Maturity Plans – Series 41; Fund Accountant 26. HDFC Fixed Maturity Plans – Series 42; Fund accounting is handled by the AMC. 27. HDFC Fixed Maturity Plans – Series 43; 28. HDFC Fixed Maturity Plans – Series 44; Collecting Bankers (for New Fund Offers*) 29. HDFC Floating Rate Debt Fund; Name of Registered Office SEBI Registration 30. HDFC Gilt Fund; Bank Address Number 31. HDFC Gold Exchange Traded Fund (other than physical Gold); 32. HDFC Gold Fund; HDFC Bank HDFC Bank House, INBI00000063 33. HDFC Medium Term Debt Fund; Limited Senapati Bapat Marg, 34. HDFC Dynamic Debt Fund; Lower Parel(W), 35. HDFC Income Fund; Mumbai - 400 013 36. HDFC Index Fund; *As may be specified in the respective Scheme offering 37. HDFC Liquid Fund; documents. 38. HDFC Long Term Advantage Fund; 39. HDFC Hybrid Debt Fund; 40. HDFC Mid-Cap Opportunities Fund; 41. HDFC Nifty 50 ETF; 42. HDFC Retirement Savings Fund; 43. HDFC SENSEX ETF; 44. HDFC Short Term Debt Fund; 45. HDFC Equity Opportunities Fund - Series 2; 46. HDFC Housing Opportunities Fund – Series I; 47. HDFC Ultra Short Term Fund In addition, HDFC Bank also provides Professional Clearing Member services in the Futures & Options Segment for all the schemes of the Fund. (2) Citibank N.A. India Securities Services Operations, First International Financial Centre (FIFC), 11th Floor, Plot No C54-55, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 098, Maharashtra, India SEBI Registration No: IN/CUS/004

25 HDFC MF SAI - dated June 28, 2019 F. Condensed Financial Information (CFI) Historical Per Unit Statistics is presented scheme wise for all the schemes launched by HDFC Mutual Fund during the last three fiscal years (excluding redeemed schemes) for each of the last three fiscal years. Plans launched under HDFC Fixed Maturity Plans - Series 36, HDFC Fixed Maturity Plans - Series 37, HDFC Fixed Maturity Plans - Series 38, HDFC Fixed Maturity Plans - Series 39, HDFC Fixed Maturity Plans - Series 40, HDFC Fixed Maturity Plans - Series 41, HDFC Fixed Maturity Plans - Series 42, HDFC Fixed Maturity Plans - Series 43 and HDFC Fixed Maturity Plans - Series 44 Plans launched under HDFC Fixed Maturity Plans - Series 36 Particulars HDFC FMP 1104D April 2016 (1) 21-04-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.7789 (G)* 10.8659 (G)* 11.5217 (G)* 11.6258 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.7789 (D)^ 10.8659 (D)^ 11.5217 (D)^ 11.6258 (D)^ 10.0919 (QD)$ 10.0927 (QD)$ 10.0197 (QD)$ 10.0196 (QD)$ Dividends (Rs.) 0.4837 # (QD) $ 0.5426 # (QD) $ 0.5402 # (QD) $ 0.5479 # (QD) $ 0.3782 # (QD) $ 0.3809 # (QD) $ 0.4481 & (QD) $ 0.5027 & (QD) $ 0.5006 & (QD) $ 0.5075 & (QD) $ 0.3502 & (QD) $ 0.3528 & (QD) $ NAV at the end of the year/period (Rs.) 10.7789 (G)* 10.8659 (G)* 11.5217 (G)* 11.6258 (G)* 12.3180 (G)* 12.4355 (G)* 10.7789 (D)^ 10.8659 (D)^ 11.5217 (D)^ 11.6258 (D)^ 12.3180 (D)^ 12.4355 (D)^ 10.0919 (QD)$ 10.0927 (QD)$ 10.0197 (QD)$ 10.0196 (QD)$ 10.1690 (QD)$ 10.1702 (QD)$ Returns from the date of allotment till the end of the year/period (%) 7.79 8.66 7.60 8.10 7.36 7.70 Benchmark Returns from the date of allotment till the end of the year/period (%) 10.21 7.87 7.48 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.56 6.43 6.75 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 23.14 24.75 26.47 Ratio of recurring. expenses to net assets (%) 0.89 0.04 0.17 0.08 0.52 0.47 Absolute Returns (%) Scheme - - 15.22 16.26 23.18 24.36 Benchmark - - 15.78 23.58 Additional Benchmark - - 12.81 21.14 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,522 11,626 12,318 12,436 Benchmark (in Rs.) - - 11,578 12,358 Additional Benchmark (in Rs.) - - 11,281 12,114 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1153D April 2016 (1) 05-05-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.9380 (G)* 11.0526 (G)* 11.8784 (G)* 12.0329 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.9380 (D)^ 11.0526 (D)^ 11.8784 (D)^ 12.0329 (D)^ 10.1793 (QD)$ 10.1807 (QD)$ 10.1011 (QD)$ 10.1010 (QD)$ Dividends (Rs.) 0.5309 # (QD) $ 0.6076 # (QD) $ 0.6684 # (QD) $ 0.6886 # (QD) $ 0.5420 # (QD) $ 0.5528 # (QD) $ 0.4918 & (QD) $ 0.5628 & (QD) $ 0.6192 & (QD) $ 0.6380 & (QD) $ 0.5019 & (QD) $ 0.5119 & (QD) $ NAV at the end of the year/period (Rs.) 10.9380 (G)* 11.0526 (G)* 11.8784 (G)* 12.0329 (G)* 12.6874 (G)* 12.8718 (G)* 10.9380 (D)^ 11.0526 (D)^ 11.8784 (D)^ 12.0329 (D)^ 12.6874 (D)^ 12.8718 (D)^ 10.1793 (QD)$ 10.1807 (QD)$ 10.1011 (QD)$ 10.1010 (QD)$ 10.0149 (QD)$ 10.0152 (QD)$ Returns from the date of allotment till the end of the year/period (%) 9.38 10.53 9.50 10.25 8.56 9.10 Benchmark Returns from the date of allotment till the end of the year/period (%) 9.91 7.88 7.48 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.33 6.44 6.76 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 83.17 90.35 96.55 Ratio of recurring. expenses to net assets (%) 1.20 0.05 0.40 0.15 1.40 1.25 Absolute Returns (%) Scheme - - 18.78 20.33 26.87 28.72 Benchmark - 15.46 23.25 Additional Benchmark - 12.57 20.87 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,878 12,033 12,687 12,872 Benchmark (in Rs.) - 11,546 12,325 Additional Benchmark (in Rs.) - 11,257 12,087 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 26 Plans launched under HDFC Fixed Maturity Plans - Series 36 (Contd.) Particulars HDFC FMP 1127D May 2016 (1) 31-05-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.8936 (G)* 10.9987 (G)* 11.7918 (G)* 11.9429 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.8936 (D)^ 10.9987 (D)^ 11.7918 (D)^ 11.9429 (D)^ 10.1961 (QD)$ 10.0861 (QD)$ Dividends (Rs.) 0.4906 # (QD) $ – 0.6674 # (QD) $ – 0.5471 # (QD) $ – 0.4544 & (QD) $ 0.6184 & (QD) $ 0.5065 & (QD) $ NAV at the end of the year/period (Rs.) 10.8936 (G)* 10.9987 (G)* 11.7918 (G)* 11.9429 (G)* 12.6232 (G)* 12.8042 (G)* 10.8936 (D)^ 10.9987 (D)^ 11.7918 (D)^ 11.9429 (D)^ 12.6232 (D)^ 12.8042 (D)^ 10.1961 (QD)$ 10.0861 (QD)$ 10.0153 (QD)$ Returns from the date of allotment till the end of the year/period (%) 8.94 9.99 9.45 10.22 8.59 9.14 Benchmark Returns from the date of allotment till the end of the year/period (%) 9.44 7.95 7.51 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.88 6.46 6.78 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 104.59 113.36 121.47 Ratio of recurring. expenses to net assets (%) 1.19 0.04 0.43 0.12 1.10 0.95 Absolute Returns (%) Scheme - - 17.92 19.43 26.23 28.04 Benchmark - 14.97 22.72 Additional Benchmark - 12.10 20.37 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,792 11,943 12,623 12,804 Benchmark (in Rs.) - 11,497 12,272 Additional Benchmark (in Rs.) - 11,210 12,037 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1113D June 2016 (1) 08-06-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.7298 (G)* 10.7868 (G)* 11.4634 (G)* 11.5429 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.7298 (D)^ 10.7868 (D)^ 11.4634 (D)^ 11.5429 (D)^ 10.1351 (QD)$ 10.1360 (QD)$ 10.0222 (QD)$ 10.0221 (QD)$ Dividends (Rs.) 0.4213 # (QD) $ 0.4602 # (QD) $ 0.5682 # (QD) $ 0.5809 # (QD) $ 0.5247 # (QD) $ 0.5283 # (QD) $ 0.3903 & (QD) $ 0.4264 & (QD) $ 0.5264 & (QD) $ 0.5383 & (QD) $ 0.4859 & (QD) $ 0.4892 & (QD) $ NAV at the end of the year/period (Rs.) 10.7298 (G)* 10.7868 (G)* 11.4634 (G)* 11.5429 (G)* 12.3104 (G)* 12.402 (G)* 10.7298 (D)^ 10.7868 (D)^ 11.4634 (D)^ 11.5429 (D)^ 12.3104 (D)^ 12.4020 (D)^ 10.1351 (QD)$ 10.1360 (QD)$ 10.0222 (QD)$ 10.0221 (QD)$ 10.0136 (QD)$ 10.0137 (QD)$ Returns from the date of allotment till the end of the year/period (%) 7.30 7.87 7.87 8.28 7.69 7.98 Benchmark Returns from the date of allotment till the end of the year/period (%) 9.30 7.97 7.52 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.70 6.44 6.77 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 48.59 51.95 55.80 Ratio of recurring. expenses to net assets (%) 0.70 0.05 0.22 0.06 0.27 0.22 Absolute Returns (%) Scheme - - 14.63 15.43 23.10 15.43 Benchmark - 14.82 22.56 Additional Benchmark - 11.90 20.16 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,463 11,543 12,310 12,402 Benchmark (in Rs.) - 11,482 12,256 Additional Benchmark (in Rs.) - 11,190 12,016 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

27 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 36 (Contd.) Particulars HDFC FMP 1127D June 2016 (1) 21-06-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.6990 (G)* 10.7532 (G)* 11.4262 (G)* 11.5053 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.6990 (D)^ 10.7532 (D)^ 11.4262 (D)^ 11.5053 (D)^ 10.1076 (QD)$ 10.1082 (QD)$ 10.0175 (QD)$ 10.0175 (QD)$ Dividends (Rs.) 0.4193 # (QD) $ 0.4565 # (QD) $ 0.5473 # (QD) $ 0.5615 # (QD) $ 0.5288 # (QD) $ 0.5324 # (QD) $ 0.3885 & (QD) $ 0.4229 & (QD) $ 0.5070 & (QD) $ 0.5203 & (QD) $ 0.4897 & (QD) $ 0.493 & (QD) $ NAV at the end of the year/period (Rs.) 10.6990 (G)* 10.7532 (G)* 11.4262 (G)* 11.5053 (G)* 12.2847 (G)* 12.3760 (G)* 10.6990 (D)^ 10.7532 (D)^ 11.4262 (D)^ 11.5053 (D)^ 12.2847 (D)^ 12.3760 (D)^ 10.1076 (QD)$ 10.1082 (QD)$ 10.0175 (QD)$ 10.0175 (QD)$ 10.0152 (QD)$ 10.0152 (QD)$ Returns from the date of allotment till the end of the year/period (%) 6.99 7.53 7.84 8.26 7.71 8.00 Benchmark Returns from the date of allotment till the end of the year/period (%) 9.05 8.00 7.53 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.44 6.42 6.76 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 26.94 28.78 30.95 Ratio of recurring. expenses to net assets (%) 0.70 0.05 0.23 0.05 0.17 0.12 Absolute Returns (%) Scheme - - 14.26 15.05 22.85 15.05 Benchmark - 14.56 22.29 Additional Benchmark - 11.63 19.87 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,426 11,505 12,285 12,376 Benchmark (in Rs.) - 11,456 12,229 Additional Benchmark (in Rs.) - 11,163 11,987 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1128D June 2016 (1) 29-06-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.7973 (G)* 10.8914 (G)* 11.6920 (G)* 11.8403 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.7973 (D)^ 10.8914 (D)^ 11.6920 (D)^ 11.8403 (D)^ 10.1708 (QD)$ 10.1719 (QD)$ 10.0414 (QD)$ 10.0415 (QD)$ Dividends (Rs.) 0.4422 # (QD) $ 0.5063 # (QD) $ 0.6826 # (QD) $ 0.7128 # (QD) $ 0.5459 # (QD) $ 0.5569 # (QD) $ 0.4097 & (QD) $ 0.4690 & (QD) $ 0.6323 & (QD) $ 0.6604 & (QD) $ 0.5056 & (QD) $ 0.5158 & (QD) $ NAV at the end of the year/period (Rs.) 10.7973 (G)* 10.8914 (G)* 11.6920 (G)* 11.8403 (G)* 12.5742 (G)* 12.7528 (G)* 10.7973 (D)^ 10.8914 (D)^ 11.6920 (D)^ 11.8403 (D)^ 12.5742 (D)^ 12.7528 (D)^ 10.1708 (QD)$ 10.1719 (QD)$ 10.0414 (QD)$ 10.0415 (QD)$ 10.0183 (QD)$ 10.0185 (QD)$ Returns from the date of allotment till the end of the year/period (%) 7.97 8.91 9.37 10.16 8.69 9.25 Benchmark Returns from the date of allotment till the end of the year/period (%) 8.51 7.79 7.40 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.26 6.40 6.75 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 69.20 75.02 80.74 Ratio of recurring. expenses to net assets (%) 1.19 0.04 0.49 0.10 0.87 0.72 Absolute Returns (%) Scheme - - 16.92 18.40 25.74 27.53 Benchmark - 13.99 21.68 Additional Benchmark - 11.43 19.66 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,692 11,840 12,574 12,753 Benchmark (in Rs.) - 11,399 12,168 Additional Benchmark (in Rs.) - 11,143 11,966 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 28 Plans launched under HDFC Fixed Maturity Plans - Series 36 (Contd.) Particulars HDFC FMP 1112D June 2016 (1) 07-07-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.6602 (G)* 10.7111 (G)* 11.3871 (G)* 11.4653 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.6602 (D)^ 11.3871 (D)^ 10.1142 (QD)$ 10.0162 (QD)$ Dividends (Rs.) 0.3875 # (QD) $ – 0.5551 # (QD) $ – 0.5023 # (QD) $ – 0.3591 & (QD) $ 0.5144 & (QD) $ 0.4652 & (QD) $ NAV at the end of the year/period (Rs.) 10.6602 (G)* 10.7111 (G)* 11.3871 (G)* 11.4653 (G)* 12.1983 (G)* 12.2883 (G)* 10.6602 (D)^ 11.3871 (D)^ 12.1983 (D)^ 10.1142 (QD)$ 10.0162 (QD)$ 10.0136 (QD)$ Returns from the date of allotment till the end of the year/period (%) 6.60 7.11 7.83 8.26 7.56 7.85 Benchmark Returns from the date of allotment till the end of the year/period (%) 7.87 7.53 7.23 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.06 6.37 6.73 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 30.21 32.28 34.59 Ratio of recurring. expenses to net assets (%) 0.69 0.04 0.29 0.08 0.57 0.52 Absolute Returns (%) Scheme - - 13.87 14.65 21.98 22.88 Benchmark - 13.32 20.96 Additional Benchmark - 11.22 19.43 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,387 11,465 12,198 12,288 Benchmark (in Rs.) - 11,332 12,096 Additional Benchmark (in Rs.) - 11,122 11,943 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1161D July 2016 (1) 27-07-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.6547 (G)* 10.7382 (G)* 11.5197 (G)* 11.6660 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.6547 (D)^ 10.7382 (D)^ 11.5197 (D)^ 11.6660 (D)^ 10.1180 (QD)$ 10.1193 (QD)$ 10.0461 (QD)$ 10.0463 (QD)$ Dividends (Rs.) 0.3799 # (QD) $ 0.4369 # (QD) $ 0.6276 # (QD) $ 0.6644 # (QD) $ 0.5833 # (QD) $ 0.5943 # (QD) $ 0.3519 & (QD) $ 0.4047 & (QD) $ 0.5814 & (QD) $ 0.6156 & (QD) $ 0.5400 & (QD) $ 0.5503 & (QD) $ NAV at the end of the year/period (Rs.) 10.6547 (G)* 10.7382 (G)* 11.5197 (G)* 11.6660 (G)* 12.4440 (G)* 12.6210 (G)* 10.6547 (D)^ 10.7382 (D)^ 11.5197 (D)^ 11.6660 (D)^ 12.4440 (D)^ 12.6210 (D)^ 10.1180 (QD)$ 10.1193 (QD)$ 10.0461 (QD)$ 10.0463 (QD)$ 10.0164 (QD)$ 10.0167 (QD)$ Returns from the date of allotment till the end of the year/period (%) 6.55 7.38 8.85 9.68 8.53 9.11 Benchmark Returns from the date of allotment till the end of the year/period (%) 6.47 6.94 6.86 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 4.61 6.31 6.70 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 52.44 56.72 61.28 Ratio of recurring. expenses to net assets (%) 1.19 0.04 0.52 0.05 0.28 0.13 Absolute Returns (%) Scheme - - 15.20 16.66 24.44 26.21 Benchmark - 11.85 19.39 Additional Benchmark - 10.75 18.92 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,520 11,666 12,444 12,621 Benchmark (in Rs.) - 11,185 11,939 Additional Benchmark (in Rs.) - 11,075 11,892 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

29 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 37 Particulars HDFC FMP 1111D September 2016 (1) 15-09-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.5102 (G)* 10.5616 (G)* 11.3875 (G)* 11.4944 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.5102 (D)^ 10.5616 (D)^ 11.3875 (D)^ 11.4944 (D)^ 10.1103 (QD)$ 10.1114 (QD)$ 10.0276 (QD)$ 10.0276 (QD)$ Dividends (Rs.) 0.2851 # (QD) $ 0.3206 # (QD) $ 0.6505 # (QD) $ 0.6846 # (QD) $ 0.5642 # (QD) $ 0.5679 # (QD) $ 0.2641 & (QD) $ 0.2970 & (QD) $ 0.6026 & (QD) $ 0.6342 & (QD) $ 0.5224 & (QD) $ 0.5259 & (QD) $ NAV at the end of the year/period (Rs.) 10.5102 (G)* 10.5616 (G)* 11.3875 (G)* 11.4944 (G)* 12.2941 (G)* 12.4157 (G)* 10.5102 (D)^ 10.5616 (D)^ 11.3875 (D)^ 11.4944 (D)^ 12.2941 (D)^ 12.4157 (D)^ 10.1103 (QD)$ 10.1114 (QD)$ 10.0276 (QD)$ 10.0276 (QD)$ 10.0184 (QD)$ 110.0184 (QD)$ Returns from the date of allotment till the end of the year/period (%) 5.10 5.62 8.85 9.52 8.49 8.91 Benchmark Returns from the date of allotment till the end of the year/period (%) 4.17 6.07 6.33 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 3.62 6.23 6.68 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 44.25 48.02 51.86 Ratio of recurring. expenses to net assets (%) 0.94 0.04 0.56 0.13 1.05 1.00 Absolute Returns (%) Scheme - - 13.88 14.94 22.94 24.16 Benchmark - 9.44 16.82 Additional Benchmark - 9.70 17.79 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,388 11,494 12,294 12,416 Benchmark (in Rs.) - 10,944 11,682 Additional Benchmark (in Rs.) - 10,970 11,779 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1309D September 2016 (1) 20-09-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.5266 (G)* 10.5651 (G)* 11.3985 (G)* 11.5099 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.5266 (D)^ 10.5651 (D)^ 11.3985 (D)^ 11.5099 (D)^ 10.1122 (QD)$ 10.1128 (QD)$ 10.1221 (QD)$ 10.1225 (QD)$ Dividends (Rs.) 0.2944 # (QD) $ 0.3210 # (QD) $ 0.5822 # (QD) $ 0.6279 # (QD) $ 0.5410 # (QD) $ 0.5741 # (QD) $ 0.2728 & (QD) $ 0.2974 & (QD) $ 0.5395 & (QD) $ 0.5818 & (QD) $ 0.5009 & (QD) $ 0.5316 & (QD) $ NAV at the end of the year/period (Rs.) 10.5266 (G)* 10.5651 (G)* 11.3985 (G)* 11.5099 (G)* 12.1620 (G)* 12.3364 (G)* 10.5266 (D)^ 10.5651 (D)^ 11.3985 (D)^ 11.5099 (D)^ 12.1620 (D)^ 12.3364 (D)^ 10.1122 (QD)$ 10.1128 (QD)$ 10.1221 (QD)$ 10.1225 (QD)$ 10.0264 (QD)$ 10.0269 (QD)$ Returns from the date of allotment till the end of the year/period (%) 5.27 5.65 9.01 9.71 8.07 8.69 Benchmark Returns from the date of allotment till the end of the year/period (%) 4.17 6.07 6.33 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 3.52 6.22 6.67 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 865.25 937.04 1000.37 Ratio of recurring. expenses to net assets (%) 0.73 0.04 0.69 0.08 0.89 0.44 Absolute Returns (%) Scheme - - 13.99 15.10 21.62 23.36 Benchmark - 9.36 16.73 Additional Benchmark - 9.59 17.68 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,399 11,510 12,162 12,336 Benchmark (in Rs.) - 10,936 11,673 Additional Benchmark (in Rs.) - 10,959 11,768 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 30 Plans launched under HDFC Fixed Maturity Plans - Series 37 (Contd.) Particulars HDFC FMP 1302D September 2016 (1) 28-09-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.5200 (G)* 10.5466 (G)* 11.3938 (G)* 11.4795 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.5200 (D)^ 10.5466 (D)^ 11.3938 (D)^ 11.4795 (D)^ 10.1095 (QD)$ 10.1095 (QD)$ 10.1022 (QD)$ 10.1026 (QD)$ Dividends (Rs.) 0.2916 # (QD) $ 0.3103 # (QD) $ 0.5957 # (QD) $ 0.6325 # (QD) $ 0.5149 # (QD) $ 0.5515 # (QD) $ 0.2701 & (QD) $ 0.2874 & (QD) $ 0.5518 & (QD) $ 0.5859 & (QD) $ 0.4767 & (QD) $ 0.5107 & (QD) $ NAV at the end of the year/period (Rs.) 10.5200 (G)* 10.5466 (G)* 11.3938 (G)* 11.4795 (G)* 12.1379 (G)* 12.2906 (G)* 10.5200 (D)^ 10.5466 (D)^ 11.3938 (D)^ 11.4795 (D)^ 12.1379 (D)^ 12.2906 (D)^ 10.1095 (QD)$ 10.1095 (QD)$ 10.1022 (QD)$ 10.1026 (QD)$ 10.0265 (QD)$ 10.0271 (QD)$ Returns from the date of allotment till the end of the year/period (%) 5.20 5.47 9.11 9.66 8.06 8.60 Benchmark Returns from the date of allotment till the end of the year/period (%) 3.21 5.56 6.02 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 3.32 6.18 6.65 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 579.98 629.28 671.93 Ratio of recurring. expenses to net assets (%) 0.54 0.04 0.58 0.08 0.93 0.43 Absolute Returns (%) Scheme - - 13.94 14.80 21.38 22.91 Benchmark - 8.43 15.74 Additional Benchmark - 9.39 17.46 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,394 11,480 12,138 12,291 Benchmark (in Rs.) - 10,843 11,574 Additional Benchmark (in Rs.) - 10,939 11,746 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1218D December 2016 (1) 12-01-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.1215 (G)* 10.1409 (G)* 10.8929 (G)* 10.9930 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.1215 (D)^ 10.1409 (D)^ 10.8929 (D)^ 10.9930 (D)^ 10.1215 (QD)$ 10.0234 (QD)$ 10.0308 (QD)$ 10.0307 (QD)$ Dividends (Rs.) – 0.0847 # (QD) $ 0.6041 # (QD) $ 0.5849 # (QD) $ 0.5542 # (QD) $ 0.5576 # (QD) $ 0.0784 & (QD) $ 0.5597 & (QD) $ 0.5418 & (QD) $ 0.5130 & (QD) $ 0.5162 & (QD) $ NAV at the end of the year/period (Rs.) 10.1215 (G)* 10.1409 (G)* 10.8929 (G)* 10.9930 (G)* 11.7495 (G)* 11.8635 (G)* 10.1215 (D)^ 10.1409 (D)^ 10.8929 (D)^ 10.9930 (D)^ 11.7495 (D)^ 11.8635 (D)^ 10.1215 (QD)$ 10.0234 (QD)$ 10.0308 (QD)$ 10.0307 (QD)$ 10.0270 (QD)$ 10.0272 (QD)$ Returns from the date of allotment till the end of the year/period (%) 1.21 1.41 7.35 8.17 7.57 8.05 Benchmark Returns from the date of allotment till the end of the year/period (%) -0.29 3.93 5.19 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 1.25 5.93 6.57 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 220.65 238.46 257.32 Ratio of recurring. expenses to net assets (%) 0.93 0.04 0.77 0.05 0.16 0.11 Absolute Returns (%) Scheme - - 8.93 9.93 17.50 18.64 Benchmark - 4.76 11.82 Additional Benchmark - 7.19 15.10 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,893 10,993 11,750 11,864 Benchmark (in Rs.) - 10,476 11,182 Additional Benchmark (in Rs.) - 10,719 11,510 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

31 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 37 (Contd.) Particulars HDFC FMP 1199D January 2017 (1) 31-01-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0899 (G)* 10.1049 (G)* 10.8047 (G)* 10.9319 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0899 (D)^ 10.1049 (D)^ 10.8047 (D)^ 10.9319 (D)^ 10.0899 (QD)$ 10.1049 (QD)$ 10.0316 (QD)$ 10.0318 (QD)$ Dividends (Rs.) – – 0.5429 # (QD) $ 0.6293 # (QD) $ 0.5248 # (QD) $ 0.5285 # (QD) $ 0.5030 & (QD) $ 0.5830 & (QD) $ 0.4859 & (QD) $ 0.4895 & (QD) $ NAV at the end of the year/period (Rs.) 10.0899 (G)* 10.1049 (G)* 10.8047 (G)* 10.9319 (G)* 11.6069 (G)* 11.7495 (G)* 10.0899 (D)^ 10.1049 (D)^ 10.8047 (D)^ 10.9319 (D)^ 11.6069 (D)^ 11.7495 (D)^ 10.0899 (QD)$ 10.1049 (QD)$ 10.0316 (QD)$ 10.0318 (QD)$ 10.0270 (QD)$ 10.0271 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.90 1.05 6.94 8.03 7.16 7.76 Benchmark Returns from the date of allotment till the end of the year/period (%) -0.41 4.00 5.26 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.97 5.95 6.60 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 142.97 154.16 165.72 Ratio of recurring. expenses to net assets (%) 0.94 0.04 1.08 0.06 0.34 0.29 Absolute Returns (%) Scheme - - 8.05 9.32 16.07 17.50 Benchmark - 4.63 11.68 Additional Benchmark - 6.90 14.79 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,805 10,932 11,607 11,750 Benchmark (in Rs.) - 10,463 11,168 Additional Benchmark (in Rs.) - 10,690 11,479 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1169D February 2017 (1) 03-02-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0379 (G)* 10.0450 (G)* 10.7058 (G)* 10.7555 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0379 (D)^ 10.0450 (D)^ 10.7058 (D)^ 10.7555 (D)^ 10.0379 (QD)$ 10.0450 (QD)$ 10.0279 (QD)$ 10.0279 (QD)$ Dividends (Rs.) – – 0.4771 # (QD) $ 0.5111 # (QD) $ 0.5175 # (QD) $ 0.5211 # (QD) $ 0.4418 & (QD) $ 0.4736 & (QD) $ 0.4792 & (QD) $ 0.4825 & (QD) $ NAV at the end of the year/period (Rs.) 10.0379 (G)* 10.0450 (G)* 10.7058 (G)* 10.7555 (G)* 11.4867 (G)* 11.5458 (G)* 10.0379 (D)^ 10.0450 (D)^ 10.7058 (D)^ 10.7555 (D)^ 11.4867 (D)^ 11.5458 (D)^ 10.0379 (QD)$ 10.0450 (QD)$ 10.0279 (QD)$ 10.0279 (QD)$ 10.0226 (QD)$ 10.0228 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.38 0.45 6.14 6.57 6.67 6.92 Benchmark Returns from the date of allotment till the end of the year/period (%) -0.55 3.90 5.21 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.88 5.92 6.59 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 182.60 192.21 203.06 Ratio of recurring. expenses to net assets (%) 0.49 0.04 0.45 0.06 0.31 0.26 Absolute Returns (%) Scheme - - 7.06 7.56 14.87 15.46 Benchmark - 4.48 11.52 Additional Benchmark - 6.80 14.68 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,706 10,756 11,487 11,546 Benchmark (in Rs.) - 10,448 11,152 Additional Benchmark (in Rs.) - 10,680 11,468 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 32 Plans launched under HDFC Fixed Maturity Plans - Series 37 (Contd.) Particulars HDFC FMP 1155D February 2017 (1) 16-02-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0693 (G)* 10.0699 (G)* 10.7435 (G)* 10.7495 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0693 (D)^ 10.0699 (D)^ 10.7435 (D)^ 10.7495 (D)^ 10.0693 (QD)$ 10.0699 (QD)$ 10.0274 (QD)$ 10.0274 (QD)$ Dividends (Rs.) – – 0.5033 # (QD) $ 0.5076 # (QD) $ 0.5193 # (QD) $ 0.5231 # (QD) $ 0.4663 & (QD) $ 0.4704 & (QD) $ 0.4808 & (QD) $ 0.4844 & (QD) $ NAV at the end of the year/period (Rs.) 10.0693 (G)* 10.0699 (G)* 10.7435 (G)* 10.7495 (G)* 11.5327 (G)* 11.5449 (G)* 10.0693 (D)^ 10.0699 (D)^ 10.7435 (D)^ 10.7495 (D)^ 11.5327 (D)^ 11.5449 (D)^ 10.0693 (QD)$ 10.0699 (QD)$ 10.0274 (QD)$ 10.0274 (QD)$ 10.0242 (QD)$ 10.0243 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.69 0.70 6.68 6.73 6.98 7.04 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.26 5.73 6.20 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.80 6.04 6.66 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 119.01 127.03 136.47 Ratio of recurring. expenses to net assets (%) 0.09 0.04 0.11 0.06 0.35 0.30 Absolute Returns (%) Scheme - - 7.44 7.50 15.33 15.45 Benchmark - 6.38 13.55 Additional Benchmark - 6.72 14.59 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,744 10,750 11,533 11,545 Benchmark (in Rs.) - 10,638 11,355 Additional Benchmark (in Rs.) - 10,672 11,459 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1150D February 2017 (1) 22-02-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0723 (G)* 10.0734 (G)* 10.7453 (G)* 10.7519 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0723 (D)^ 10.0734 (D)^ 10.7453 (D)^ 10.7519 (D)^ 10.0723 (QD)$ 10.0734 (QD)$ 10.0267 (QD)$ 10.0267 (QD)$ Dividends (Rs.) – – 0.5053 # (QD) $ 0.5098 # (QD) $ 0.5323 # (QD) $ 0.5359 # (QD) $ 0.4680 & (QD) $ 0.4723 & (QD) $ 0.4929 & (QD) $ 0.4963 & (QD) $ NAV at the end of the year/period (Rs.) 10.0723 (G)* 10.0734 (G)* 10.7453 (G)* 10.7519 (G)* 11.5545 (G)* 11.5673 (G)* 10.0723 (D)^ 10.0734 (D)^ 10.7453 (D)^ 10.7519 (D)^ 11.5545 (D)^ 11.5673 (D)^ 10.0723 (QD)$ 10.0734 (QD)$ 10.0267 (QD)$ 10.0267 (QD)$ 10.0234 (QD)$ 10.0235 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.72 0.73 6.80 6.86 7.14 7.19 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.61 6.15 6.42 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.67 6.00 6.65 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 37.76 40.30 43.36 Ratio of recurring. expenses to net assets (%) 0.09 0.04 0.09 0.04 0.13 0.08 Absolute Returns (%) Scheme - - 7.45 7.52 15.55 15.67 Benchmark - 6.74 13.94 Additional Benchmark - 6.58 14.44 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,745 10,752 11,555 11,567 Benchmark (in Rs.) - 10,674 11,394 Additional Benchmark (in Rs.) - 10,658 11,444 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

33 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 37 (Contd.) Particulars HDFC FMP 1178D February 2017 (1) 22-02-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0975 (G)* 10.1073 (G)* 10.9114 (G)* 10.9682 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0975 (D)^ 10.1073 (D)^ 10.9114 (D)^ 10.9682 (D)^ 10.0975 (QD)$ 10.1073 (QD)$ 10.0295 (QD)$ 10.0296 (QD)$ Dividends (Rs.) – – 0.6191 # (QD) $ 0.6576 # (QD) $ 0.5080 # (QD) $ 0.5372 # (QD) $ 0.5736 & (QD) $ 0.6092 & (QD) $ 0.4704 & (QD) $ 0.4974 & (QD) $ NAV at the end of the year/period (Rs.) 10.0975 (G)* 10.1073 (G)* 10.9114 (G)* 10.9682 (G)* 11.6945 (G)* 11.8025 (G)* 10.0975 (D)^ 10.1073 (D)^ 10.9114 (D)^ 10.9682 (D)^ 11.6945 (D)^ 11.8025 (D)^ 10.0975 (QD)$ 10.1073 (QD)$ 10.0295 (QD)$ 10.0296 (QD)$ 10.0244 (QD)$ 10.0249 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.97 1.07 8.31 8.82 7.75 8.23 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.61 6.15 6.42 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.67 6.00 6.65 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 213.27 231.16 248.59 Ratio of recurring. expenses to net assets (%) 0.94 0.04 0.49 0.06 0.69 0.29 Absolute Returns (%) Scheme - - 9.11 9.68 16.95 18.03 Benchmark - 6.74 13.94 Additional Benchmark - 6.58 14.44 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,911 10,968 11,695 11,803 Benchmark (in Rs.) - 10,674 11,394 Additional Benchmark (in Rs.) - 10,658 11,444 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1170D February 2017 (1) 01-03-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0773 (G)* 10.0842 (G)* 10.8947 (G)* 10.9425 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0773 (D)^ 10.0842 (D)^ 10.8947 (D)^ 10.9425 (D)^ 10.0773 (QD)$ 10.0842 (QD)$ 10.0308 (QD)$ 10.0310 (QD)$ Dividends (Rs.) – – 0.6068 # (QD) $ 0.6391 # (QD) $ 0.4915 # (QD) $ 0.5171 # (QD) $ 0.5620 & (QD) $ 0.5921 & (QD) $ 0.4552 & (QD) $ 0.4788 & (QD) $ NAV at the end of the year/period (Rs.) 10.0773 (G)* 10.0842 (G)* 10.8947 (G)* 10.9425 (G)* 11.6537 (G)* 11.7460 (G)* 10.0773 (D)^ 10.0842 (D)^ 10.8947 (D)^ 10.9425 (D)^ 11.6537 (D)^ 11.7460 (D)^ 10.0773 (QD)$ 10.0842 (QD)$ 10.0308 (QD)$ 10.0310 (QD)$ 10.0287 (QD)$ 10.0292 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.77 0.84 8.31 8.75 7.65 8.06 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.54 6.20 6.45 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.56 6.01 6.66 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 210.02 227.62 244.18 Ratio of recurring. expenses to net assets (%) 0.84 0.04 0.43 0.06 0.65 0.30 Absolute Returns (%) Scheme - - 8.95 9.43 16.54 17.46 Benchmark - 6.67 13.86 Additional Benchmark - 6.47 14.32 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,895 10,943 11,654 11,746 Benchmark (in Rs.) - 10,667 11,386 Additional Benchmark (in Rs.) - 10,647 11,432 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 34 Plans launched under HDFC Fixed Maturity Plans - Series 38 Particulars HDFC FMP 1213D March 2017 (1) 23-03-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0306 (G)* 10.0314 (G)* 10.7911 (G)* 10.8701 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0306 (D)^ 10.0314 (D)^ 10.7911 (D)^ 10.8701 (D)^ 10.0306 (QD)$ 10.0314 (QD)$ 10.0323 (QD)$ 10.0327 (QD)$ Dividends (Rs.) – – 0.5337 # (QD) $ 0.5873 # (QD) $ 0.4775 # (QD) $ 0.5323 # (QD) $ 0.4945 & (QD) $ 0.5441 & (QD) $ 0.4421 & (QD) $ 0.4930 & (QD) $ NAV at the end of the year/period (Rs.) 10.0306 (G)* 10.0314 (G)* 10.7911 (G)* 10.8701 (G)* 11.5169 (G)* 11.6888 (G)* 10.0306 (D)^ 10.0314 (D)^ 10.7911 (D)^ 10.8701 (D)^ 11.5169 (D)^ 11.6888 (D)^ 10.0306 (QD)$ 10.0314 (QD)$ 10.0323 (QD)$ 10.0327 (QD)$ 10.0267 (QD)$ 10.0275 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.31 0.31 7.80 8.58 7.26 8.05 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.64 5.65 6.18 Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.10 5.89 6.62 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 369.65 397.90 425.11 Ratio of recurring. expenses to net assets (%) 0.34 0.04 0.80 0.07 1.15 0.40 Absolute Returns (%) Scheme - - 7.91 8.70 15.17 16.89 Benchmark - 5.73 12.85 Additional Benchmark - 5.97 13.79 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,791 10,870 11,517 11,689 Benchmark (in Rs.) - 10,573 11,285 Additional Benchmark (in Rs.) - 10,597 11,379 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1188D March 2017 (1) 30-03-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0134 (G)* 10.0132 (G)* 10.8063 (G)* 10.8534 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0134 (D)^ 10.0132 (D)^ 10.8063 (D)^ 10.8534 (D)^ 10.0134 (QD)$ 10.0132 (QD)$ 10.0332 (QD)$ 10.0335 (QD)$ Dividends (Rs.) – – 0.5437 # (QD) $ 0.5757 # (QD) $ 0.4780 # (QD) $ 0.5109 # (QD) $ 0.5036 & (QD) $ 0.5333 & (QD) $ 0.4427 & (QD) $ 0.4732 & (QD) $ NAV at the end of the year/period (Rs.) 10.0134 (G)* 10.0132 (G)* 10.8063 (G)* 10.8534 (G)* 11.5314 (G)* 11.6341 (G)* 10.0134 (D)^ 10.0132 (D)^ 10.8063 (D)^ 10.8534 (D)^ 11.5314 (D)^ 11.6341 (D)^ 10.0134 (QD)$ 10.0132 (QD)$ 10.0332 (QD)$ 10.0335 (QD)$ 10.0255 (QD)$ 10.0260 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.13 0.13 8.11 8.58 7.39 7.87 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.05 5.15 5.94 Benchmark Crisil Short Term Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.01 5.91 6.63 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 432.64 467.55 500.01 Ratio of recurring. expenses to net assets (%) 0.24 0.04 0.50 0.06 0.68 0.23 Absolute Returns (%) Scheme - - 8.06 8.53 15.31 16.34 Benchmark - 5.12 12.21 Additional Benchmark - 5.88 13.69 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,806 10,853 11,531 11,634 Benchmark (in Rs.) - 10,512 11,221 Additional Benchmark (in Rs.) - 10,588 11,369 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

35 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 38 (Contd.) Particulars HDFC FMP 1172D April 2017 (1) HDFC FMP 1165D April 2017 (1) 11-04-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 30-03-2017~ to 31-03-2017 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.6452 (G)* 10.6760 (G)* 10.0000 (G)* 10.0000 (G)* 10.0134 (G)* 10.0132 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.6452 (D)^ 10.6760 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0134 (D)^ 10.0132 (D)^ 10.0295 (QD)$ 10.0297 (QD)$ 10.0134 (QD)$ 10.0132 (QD)$ Dividends (Rs.) 0.4349 # (QD) $ 0.4560 # (QD) $ 0.5067 # (QD) $ 0.5288 # (QD) $ – – 0.5054 # (QD) $ 0.5275 # (QD) $ 0.4029 & (QD) $ 0.4224 & (QD) $ 0.4692 & (QD) $ 0.4895 & (QD) $ 0.468 & (QD) $ 0.4884 & (QD) $ NAV at the end of the year/period (Rs.) 10.6452 (G)* 10.6760 (G)* 11.4055 (G)* 11.4731 (G)* 10.0134 (G)* 10.0132 (G)* 11.3913 (G)* 11.4583 (G)* 10.6452 (D)^ 10.6760 (D)^ 11.4055 (D)^ 11.4731 (D)^ 10.0134 (D)^ 10.0132 (D)^ 11.3913 (D)^ 11.4583 (D)^ 10.0295 (QD)$ 10.0297 (QD)$ 10.0248 (QD)$ 10.0250 (QD)$ 10.0134 (QD)$ 10.0132 (QD)$ 10.0243 (QD)$ 10.0246 (QD)$ Returns from the date of allotment till the end of 6.45 6.76 6.92 7.25 0.13 0.13 6.93 7.25 the year/period (%) Benchmark Returns from the date of allotment till 5.25 6.10 0.05 6.00 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 5.72 6.67 4.92 6.75 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 33.42 35.87 35.21 37.79 Ratio of recurring. expenses to net assets (%) 0.35 0.05 0.47 0.17 0.35 0.05 0.42 0.12 Absolute Returns (%) Scheme - - 14.06 14.73 - - 13.91 14.58 Benchmark - 12.34 - 11.99 Additional Benchmark - 13.52 - 13.55 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,406 11,473 - - 11,391 11,458 Benchmark (in Rs.) - 11,234 - 11,199 Additional Benchmark (in Rs.) - 11,352 - 11,355 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1166D May 2017 (1) 30-03-2017~ to 31-03-2017 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0134 (G)* 10.0132 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0134 (D)^ 10.0132 (D)^ 10.0134 (QD)$ 10.0132 (QD)$ Dividends (Rs.) – – 0.5219 # (QD) $ 0.5300 # (QD) $ 0.4832 & (QD) $ 0.4908 & (QD) $ NAV at the end of the year/period (Rs.) 10.0134 (G)* 10.0132 (G)* 11.4918 (G)* 11.5136 (G)* 10.0134 (D)^ 10.0132 (D)^ 11.4918 (D)^ 11.5136 (D)^ 10.0134 (QD)$ 10.0132 (QD)$ 10.0269 (QD)$ 10.0271 (QD)$ Returns from the date of allotment till the end of 0.13 0.13 7.64 7.75 the year/period (%) Benchmark Returns from the date of allotment till 4.81 6.12 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 0.01 6.84 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 152.94 164.39 Ratio of recurring. expenses to net assets (%) 0.17 0.07 0.41 0.31 Absolute Returns (%) Scheme - - 14.92 15.14 Benchmark - 11.87 Additional Benchmark - 13.30 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,492 11,514 Benchmark (in Rs.) - 11,187 Additional Benchmark (in Rs.) - 11,330 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 36 Plans launched under HDFC Fixed Maturity Plans - Series 38 (Contd.) Particulars HDFC FMP 1136D June 2017 (1) HDFC FMP 1430D July 2017 (1) 08-Jun-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 01-08-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.5941 (G)* 10.6027 (G)* 10.0000 (G)* 10.0000 (G)* 10.3140 (G)* 10.3208 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.5941 (D)^ 10.6027 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.3140 (D)^ 10.3208 (D)^ 10.0315 (QD)$ 10.0316 (QD)$ 10.0398 (QD)$ 10.0399 (QD)$ Dividends (Rs.) 0.3987 # (QD) $ 0.4046 # (QD) $ 0.4934 # (QD) $ 0.5008 # (QD) $ 0.1959 # (QD) $ 0.2006 # (QD) $ 0.5416 # (QD) $ 0.5489 # (QD) $ 0.3695 & (QD) $ 0.3748 & (QD) $ 0.457 & (QD) $ 0.4637 & (QD) $ 0.1815 & (QD) $ 0.1859 & (QD) $ 0.5014 & (QD) $ 0.5083 & (QD) $ NAV at the end of the year/period (Rs.) 10.5941 (G)* 10.6027 (G)* 11.3331 (G)* 11.3536 (G)* 10.3140 (G)* 10.3208 (G)* 11.0952 (G)* 11.1136 (G)* 10.5941 (D)^ 10.6027 (D)^ 11.3331 (D)^ 11.3536 (D)^ 10.3140 (D)^ 10.3208 (D)^ 11.0952 (D)^ 11.1136 (D)^ 10.0315 (QD)$ 10.0316 (QD)$ 10.0275 (QD)$ 10.0275 (QD)$ 10.0398 (QD)$ 10.0399 (QD)$ 10.0290 (QD)$ 10.0292 (QD)$ Returns from the date of allotment till the end of 5.94 6.03 7.18 7.28 3.14 3.21 6.47 6.58 the year/period (%) Benchmark Returns from the date of allotment till 2.44 5.07 1.12 4.71 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 4.94 6.84 4.94 6.87 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 87.56 93.77 3.98 116.85 Ratio of recurring. expenses to net assets (%) 0.18 0.08 0.48 0.38 0.15 0.05 0.22 0.12 Absolute Returns (%) Scheme - - 13.33 13.54 - - 10.95 11.14 Benchmark - 9.35 - 7.93 Additional Benchmark - 12.68 - 11.65 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,333 11,354 - - 11,095 11,114 Benchmark (in Rs.) - 10,935 - 10,793 Additional Benchmark (in Rs.) - 11,268 - 11,165 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Plans launched under HDFC Fixed Maturity Plans - Series 39 Particulars HDFC FMP 1158D February 2018 (1) HDFC FMP 1150D March 2018 (1) 27-02-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 07-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.1272 (G)* 10.1279 (G)* 10.0000 (G)* 10.0000 (G)* 10.1009 (G)* 10.1024 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.1272 (D)^ 10.1279 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.1009 (D)^ 10.1024 (D)^ 10.1272 (QD)$ 10.1279 (QD)$ 10.1009 (QD)$ 10.1024 (QD)$ Dividends (Rs.) – – 0.5907 # (QD) $ 0.6021 # (QD) $ – – 0.5629 # (QD) $ 0.5823 # (QD) $ 0.5469 & (QD) $ 0.5575 & (QD) $ 0.5213 & (QD) $ 0.5392 & (QD) $ NAV at the end of the year/period (Rs.) 10.1272 (G)* 10.1279 (G)* 10.8751 (G)* 10.8922 (G)* 10.1009 (G)* 10.1024 (G)* 10.8327 (G)* 10.8614 (G)* 10.1272 (D)^ 10.1279 (D)^ 10.8751 (D)^ 10.8922 (D)^ 10.1009 (D)^ 10.1024 (D)^ 10.8327 (D)^ 10.8614 (D)^ 10.1272 (QD)$ 10.1279 (QD)$ 10.0296 (QD)$ 10.0299 (QD)$ 10.1009 (QD)$ 10.1024 (QD)$ 10.0293 (QD)$ 10.0296 (QD)$ Returns from the date of allotment till the end of 1.27 1.28 8.06 8.22 1.01 1.02 7.84 8.11 the year/period (%) Benchmark Returns from the date of allotment till 1.96 8.14 1.82 8.17 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 0.76 7.55 0.63 7.58 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 861.02 926.24 163.67 175.85 Ratio of recurring. expenses to net assets (%) 0.18 0.03 0.18 0.03 0.28 0.03 0.28 0.03 Absolute Returns (%) Scheme - - 8.75 8.92 - - 8.33 8.61 Benchmark - 8.83 - 8.68 Additional Benchmark - 8.20 - 8.06 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,875 10,892 - - 10,833 10,861 Benchmark (in Rs.) - 10,883 - 10,868 Additional Benchmark (in Rs.) - 10,820 - 10,806 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

37 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 39 (Contd.) Particulars HDFC FMP 1143D March 2018 (1) HDFC FMP 1208D March 2018 (1) 13-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 16-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0675 (G)* 10.0687 (G)* 10.0000 (G)* 10.0000 (G)* 10.0511 (G)* 10.0523 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0675 (D)^ 10.0687 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0511 (D)^ 10.0523 (D)^ 10.0675 (QD)$ 10.0511 (QD)$ 10.0523 (QD)$ Dividends (Rs.) – – 0.5325 # (QD) $ – – 0.4472 # (QD) $ 0.4699 # (QD) $ 0.4932 & (QD) $ 0.4140 & (QD) $ 0.4351 & (QD) $ NAV at the end of the year/period (Rs.) 10.0675 (G)* 10.0687 (G)* 10.7919 (G)* 10.8204 (G)* 10.0511 (G)* 10.0523 (G)* 10.6634 (G)* 10.6967 (G)* 10.0675 (D)^ 10.0687 (D)^ 10.7919 (D)^ 10.8204 (D)^ 10.0511 (D)^ 10.0523 (D)^ 10.6634 (D)^ 10.6967 (D)^ 10.0675 (QD)$ 10.0332 (QD)$ 10.0511 (QD)$ 10.0523 (QD)$ 10.0288 (QD)$ 10.0291 (QD)$ Returns from the date of allotment till the end of 0.68 0.69 7.57 7.85 0.51 0.52 6.40 6.72 the year/period (%) Benchmark Returns from the date of allotment till 1.51 7.98 1.07 7.60 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 0.44 7.51 0.36 7.48 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 680.41 731.37 535.19 569.31 Ratio of recurring. expenses to net assets (%) 0.28 0.03 0.28 0.03 0.33 0.03 0.33 0.03 Absolute Returns (%) Scheme - - 7.92 8.20 - - 6.63 6.97 Benchmark - 8.35 - 7.88 Additional Benchmark - 7.86 - 7.76 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,792 10,820 - - 10,663 10,697 Benchmark (in Rs.) - 10,835 - 10,788 Additional Benchmark (in Rs.) - 10,786 - 10,776 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC FMP 1147D March 2018 (1) HDFC FMP 1145D March 2018 (1) 22-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 23-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0332 (G)* 10.0337 (G)* 10.0000 (G)* 10.0000 (G)* 10.0281 (G)* 10.0284 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0332 (D)^ 10.0337 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0281 (D)^ 10.0284 (D)^ 10.0332 (QD)$ 10.0337 (QD)$ 10.0281 (QD)$ 10.0284 (QD)$ Dividends (Rs.) – – 0.5097 # (QD) $ 0.5283 # (QD) $ – – 0.5057 # (QD) $ 0.5242 # (QD) $ 0.472 & (QD) $ 0.4892 & (QD) $ 0.4682 & (QD) $ 0.4853 & (QD) $ NAV at the end of the year/period (Rs.) 10.0332 (G)* 10.0337 (G)* 10.7587 (G)* 10.7863 (G)* 10.0281 (G)* 10.0284 (G)* 10.7520 (G)* 10.7793 (G)* 10.0332 (D)^ 10.0337 (D)^ 10.7587 (D)^ 10.7863 (D)^ 10.0281 (D)^ 10.0284 (D)^ 10.7520 (D)^ 10.7793 (D)^ 10.0332 (QD)$ 10.0337 (QD)$ 10.0338 (QD)$ 10.0341 (QD)$ 10.0281 (QD)$ 10.0284 (QD)$ 10.0330 (QD)$ 10.0332 (QD)$ Returns from the date of allotment till the end of 0.33 0.34 7.44 7.71 0.28 0.28 7.39 7.66 the year/period (%) Benchmark Returns from the date of allotment till 0.98 7.63 0.88 7.56 the end of the year/period (%) Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of 0.26 7.50 0.24 7.51 allotment till the end of the period (%) Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 569.86 612.65 269.71 289.79 Ratio of recurring. expenses to net assets (%) 0.28 0.03 0.28 0.03 0.28 0.03 0.28 0.03 Absolute Returns (%) Scheme - - 7.59 7.86 - - 7.52 7.79 Benchmark - 7.79 - 7.68 Additional Benchmark - 7.65 - 7.64 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,759 10,786 - - 10,752 10,779 Benchmark (in Rs.) - 10,779 - 10,768 Additional Benchmark (in Rs.) - 10,765 - 10,764 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 38 Plans launched under HDFC Fixed Maturity Plans - Series 39 (Contd.) Particulars HDFC FMP 1177D March 2018 (1) HDFC FMP 1183D April 2018 (1) 28-03-2018~ to 31-03-2018 01-04-2018 to 31-03-2019 17-04-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0076 (G)* 10.0077 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0076 (D)^ 10.0077 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0076 (QD)$ 10.0077 (QD)$ Dividends (Rs.) – – 0.4481 # (QD) $ 0.4707 # (QD) $ 0.4753 # (QD) $ 0.4927 # (QD) $ 0.4150 & (QD) $ 0.4360 & (QD) $ 0.4401 & (QD) $ 0.4563 & (QD) $ NAV at the end of the year/period (Rs.) 10.0076 (G)* 10.0077 (G)* 10.6621 (G)* 10.6953 (G)* 10.7027 (G)* 10.7281 (G)* 10.0076 (D)^ 10.0077 (D)^ 10.6621 (D)^ 10.6953 (D)^ 10.7027 (D)^ 10.7281 (D)^ 10.0076 (QD)$ 10.0077 (QD)$ 10.0268 (QD)$ 10.0271 (QD)$ 10.0306 (QD)$ 10.0309 (QD)$ Returns from the date of allotment till the end of the year/period (%) - - 6.60 6.93 7.03 7.28 Benchmark Returns from the date of allotment till the end of the year/period (%) - 6.72 6.75 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) - 7.36 7.04 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 542.69 578.96 228.40 Ratio of recurring. expenses to net assets (%) 0.33 0.03 0.33 0.03 0.28 0.03 Absolute Returns (%) Scheme - - 6.62 6.95 - - Benchmark - 6.74 - Additional Benchmark - 7.38 - INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,662 10,695 - - Benchmark (in Rs.) - 10,674 - Additional Benchmark (in Rs.) - 10,738 - *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Plans launched under HDFC Fixed Maturity Plans - Series 40 Particulars HDFC FMP 1181D April 2018 (1) HDFC FMP 1146D April 2018 (1) HDFC FMP 1434D May 2018 (1) 27-04-2018~ to 31-03-2019 10-05-2018~ to 31-03-2019 09-05-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.5099 # (QD) $ 0.5267 # (QD) $ 0.3856 # (QD) $ 0.4044 # (QD) $ 0.4681 # (QD) $ 0.4844 # (QD) $ 0.4721 & (QD) $ 0.4877 & (QD) $ 0.3571 & (QD) $ 0.3744 & (QD) $ 0.4334 & (QD) $ 0.4485 & (QD) $ NAV at the end of the year/period (Rs.) 10.8097 (G)* 10.8346 (G)* 10.5789 (G)* 10.6063 (G)* 10.8580 (G)* 10.8824 (G)* 10.8097 (D)^ 10.8346 (D)^ 10.5789 (D)^ 10.6063 (D)^ 10.8580 (D)^ 10.8824 (D)^ 10.0817 (QD)$ 10.0820 (QD)$ 10.0340 (QD)$ 10.0343 (QD)$ 10.1886 (QD)$ 10.1890 (QD)$ Returns from the date of allotment till the end of the year/period (%) 8.10 8.35 5.79 6.06 8.58 8.82 Benchmark Returns from the date of allotment till the end of the year/period (%) 8.11 7.70 7.67 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.94 6.73 6.74 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 149.49 322.23 50.81 Ratio of recurring. expenses to net assets (%) 0.28 0.03 0.33 0.03 0.28 0.03 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

39 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 40 (Contd.) Particulars HDFC FMP 1134D May 2018 (1) HDFC FMP 1119D June 2018 (1) 24-05-2018~ to 31-03-2019 08-06-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.4486 # (QD) $ 0.4918 # (QD) $ 0.4292 # (QD) $ 0.4690 # (QD) $ 0.4153 & (QD) $ 0.4554 & (QD) $ 0.3974 & (QD) $ 0.4342 & (QD) $ NAV at the end of the year/period (Rs.) 10.8118 (G)* 10.8761 (G)* 10.7809 (G)* 10.8401 (G)* 10.8118 (D)^ 10.8761 (D)^ 10.7809 (D)^ 10.8401 (D)^ 10.1706 (QD)$ 10.1715 (QD)$ 10.1682 (QD)$ 10.1693 (QD)$ Returns from the date of allotment till the end of the year/period (%) 8.12 8.76 7.81 8.40 Benchmark Returns from the date of allotment till the end of the year/period (%) 8.32 8.48 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.69 6.52 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 220.17 98.76 Ratio of recurring. expenses to net assets (%) 0.73 0.03 0.73 0.03 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. Plans launched under HDFC Fixed Maturity Plans - Series 41 Particulars HDFC FMP 113D June 2018 (1) HDFC FMP 1124D June 2018 (1) 14-06-2018~ to 31-03-2019 29-06-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.4134 # (QD) $ 0.4537 # (QD) $ 0.2664 # (QD) $ 0.3120 # (QD) $ 0.3827 & (QD) $ 0.4201 & (QD) $ 0.2467 & (QD) $ 0.2889 & (QD) $ NAV at the end of the year/period (Rs.) 10.7414 (G)* 10.8013 (G)* 10.4091 (G)* 10.4751 (G)* 10.7414 (D)^ 10.1535 (QD)$ 10.4091 (D)^ 10.4751 (D)^ 10.1525 (QD)$ 10.0355 (QD)$ 10.0364 (QD)$ Returns from the date of allotment till the end of the year/period (%) 7.41 8.01 4.09 4.75 Benchmark Returns from the date of allotment till the end of the year/period (%) 8.30 7.70 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.49 6.17 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 58.67 451.57 Ratio of recurring. expenses to net assets (%) 0.73 0.03 0.88 0.03 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Plans launched under HDFC Fixed Maturity Plans - Series 41 (Contd.) Particulars HDFC FMP 1099D June 2018 (1) HDFC FMP 1122D July 2018 (1) HDFC FMP 1133D July 2018 (1) 28-06-2018~ to 31-03-2019 04-07-2018~ to 31-03-2019 25-07-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.3915 # (QD) $ 0.4299 # (QD) $ 0.3980 # (QD) $ 0.4351 # (QD) $ 0.3620 # (QD) $ 0.3966 # (QD) $ 0.3625 & (QD) $ 0.3981 & (QD) $ 0.3685 & (QD) $ 0.4029 & (QD) $ 0.3352 & (QD) $ 0.3672 & (QD) $ NAV at the end of the year/period (Rs.) 10.7230 (G)* 10.7796 (G)* 10.6996 (G)* 10.7550 (G)* 10.6136 (G)* 10.6641 (G)* 10.7230 (D)^ 10.7796 (D)^ 10.6996 (D)^ 10.7550 (D)^ 10.6136 (D)^ 10.6641 (D)^ 10.1661 (QD)$ 10.1669 (QD)$ 10.1344 (QD)$ 10.1355 (QD)$ 10.1020 (QD)$ 10.1030 (QD)$ Returns from the date of allotment till the end of the year/period (%) 7.23 7.80 7.00 7.55 6.14 6.64 Benchmark Returns from the date of allotment till the end of the year/period (%) 7.80 7.35 6.66 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.19 6.13 5.79 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 214.43 81.29 155.78 Ratio of recurring. expenses to net assets (%) 0.73 0.03 0.73 0.03 0.73 0.03 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

HDFC MF SAI - dated June 28, 2019 40 Plans launched under HDFC Fixed Maturity Plans - Series 42 Particulars HDFC FMP 1141D August 2018 (1) HDFC FMP 1105D August 2018 (1) HDFC FMP 1113D August 2018 (1) 14-08-2018~ to 31-03-2019 08-08-2018~ to 31-03-2019 14-08-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.2744 # (QD) $ 0.3126 # (QD) $ 0.3539 # (QD) $ 0.3865 # (QD) $ 0.3377 # (QD) $ 0.3690 # (QD) $ 0.2541 & (QD) $ 0.2895 & (QD) $ 0.3277 & (QD) $ 0.3580 & (QD) $ 0.3127 & (QD) $ 0.3417 & (QD) $ NAV at the end of the year/period (Rs.) 10.4206 (G)* 10.4759 (G)* 10.5893 (G)* 10.6369 (G)* 10.5703 (G)* 10.6160 (G)* 10.4206 (D)^ 10.4759 (D)^ 10.5893 (D)^ 10.6369 (D)^ 10.5703 (D)^ 10.6160 (D)^ 10.0350 (QD)$ 10.0359 (QD)$ 10.0891 (QD)$ 10.0900 (QD)$ 10.0931 (QD)$ 10.0941 (QD)$ Returns from the date of allotment till the end of the year/period (%) 4.21 4.76 5.89 6.37 5.70 6.16 Benchmark Returns from the date of allotment till the end of the year/period (%) 6.22 6.27 6.22 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.43% 5.53 5.43 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 223.44 275.39 62.29 Ratio of recurring. expenses to net assets (%) 1.10 0.25 0.73 0.03 0.73 0.03 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC FMP 1105D August 2018 (2) HDFC FMP 1122D August 2018 (1) HDFC FMP 1487D August 2018 (1) 29-08-2018~ to 31-03-2019 05-09-2018~ to 31-03-2019 04-09-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.3147 # (QD) $ 0.3442 # (QD) $ 0.2999 # (QD) $ 0.3285 # (QD) $ – 0.2862 # (QD) $ 0.2914 & (QD) $ 0.3187 & (QD) $ 0.2777 & (QD) $ 0.3042 & (QD) $ 0.2650 & (QD) $ NAV at the end of the year/period (Rs.) 10.5936 (G)* 10.6369 (G)* 10.6035 (G)* 10.6454 (G)* 10.4202 (G)* 10.4897 (G)* 10.5936 (D)^ 10.6369 (D)^ 10.6035 (D)^ 10.6454 (D)^ 10.4202 (D)^ 10.4897 (D)^ 10.1485 (QD)$ 10.1494 (QD)$ 10.1797 (QD)$ 10.1808 (QD)$ 10.0860 (QD)$ Returns from the date of allotment till the end of the year/period (%) 5.94 6.37 6.04 6.45 4.20 4.90 Benchmark Returns from the date of allotment till the end of the year/period (%) 6.32 6.97 6.90 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.15 5.06 5.07 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 244.26 204.30 624.49 Ratio of recurring. expenses to net assets (%) 0.77 0.07 0.75 0.05 1.43 0.25 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC FMP 1115D September 2018 (1) HDFC FMP 1381D September 2018 (1) HDFC FMP 1372D September 2018 (1) 12-09-2018~ to 31-03-2019 19-09-2018~ to 31-03-2019 28-09-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.2897 # (QD) $ 0.3175 # (QD) $ 0.2762 # (QD) $ 0.3105 # (QD) $ – 0.2859 # (QD) $ 0.2683 & (QD) $ 0.2940 & (QD) $ 0.2558 & (QD) $ 0.2875 & (QD) $ 0.2648 & (QD) $ NAV at the end of the year/period (Rs.) 10.6399 (G)* 10.6807 (G)* 10.6903 (G)* 10.7410 (G)* 10.6723 (G)* 10.7121 (G)* 10.6399 (D)^ 10.6807 (D)^ 10.6903 (D)^ 10.7410 (D)^ 10.6723 (D)^ 10.7121 (D)^ 10.2305 (QD)$ 10.2317 (QD)$ 10.3002 (QD)$ 10.3020 (QD)$ 10.3082 (QD)$ Returns from the date of allotment till the end of the year/period (%) 6.40 6.81 6.90 7.41 6.72 7.12 Benchmark Returns from the date of allotment till the end of the year/period (%) 7.21 6.87 6.82 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 5.15 5.00 4.80 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 155.24 321.79 128.92 Ratio of recurring. expenses to net assets (%) 0.73 0.03 0.93 0.03 0.85 0.10 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

41 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 43 Particulars HDFC FMP 1280D October 2018 (1) HDFC FMP 1344D October 2018 (1) HDFC FMP 1274D October 2018 (1) HDFC FMP 1261D October 2018 (1) 11-10-2018~ to 31-03-2019 24-10-2018~ to 31-03-2019 17-10-2018~ to 31-03-2019 25-10-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.2416 # (QD) $ – 0.2183 # (QD) $ 0.2276 # (QD) $ 0.2340 # (QD) $ 0.2615 # (QD) $ – 0.2472 # (QD) $ 0.2237 & (QD) $ 0.2021 & (QD) $ 0.2108 & (QD) $ 0.2166 & (QD) $ 0.2421 & (QD) $ 0.2289 & (QD) $ NAV at the end of the year/period (Rs.) 10.6169 (G)* 10.6614 (G)* 10.4921 (G)* 10.5057 (G)* 10.6006 (G)* 10.6411 (G)* 10.5657 (G)* 10.5770 (G)* 10.2767 (QD)$ 10.4921 (D)^ 10.5057 (D)^ 10.6006 (D)^ 10.6411 (D)^ 10.5770 (D)^ 10.1850 (QD)$ 10.1855 (QD)$ 10.2712 (QD)$ 10.2726 (QD)$ 10.2298 (QD)$ Returns from the date of allotment till the end of the year/period (%) 6.17 6.61 4.92 5.06 6.01 6.41 5.66 5.77 Benchmark Returns from the date of allotment till the end of the year/period (%) 6.36 5.66 5.98 5.63 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 4.29 3.93 4.13 3.89 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 99.02 64.40 266.21 192.55 Ratio of recurring. expenses to net assets (%) 1.00 0.10 0.55 0.25 0.90 0.05 0.30 0.05 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC FMP 1265D October 2018 (1) HDFC FMP 1260D October 2018 (1) HDFC FMP 1246D November 2018 (1) HDFC FMP 1232D November 2018 (1) 01-11-2018~ to 31-03-2019 31-10-2018~ to 31-03-2019 20-11-2018~ to 31-03-2019 28-11-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.2198 # (QD) $ 0.2433 # (QD) $ – 0.2406 # (QD) $ 0.1859 # (QD) $ 0.2036 # (QD) $ 0.1792 # (QD) $ 0.1960 # (QD) $ 0.2036 & (QD) $ 0.2252 & (QD) $ 0.2228 & (QD) $ 0.1721 & (QD) $ 0.1886 & (QD) $ 0.1659 & (QD) $ 0.1815 & (QD) $ NAV at the end of the year/period (Rs.) 10.5604 (G)* 10.5930 (G)* 10.5800 (G)* 10.5909 (G)* 10.4692 (G)* 10.4951 (G)* 10.4490 (G)* 10.4735 (G)* 10.5604 (D)^ 10.5930 (D)^ 10.2521 (QD)$ 10.4692 (D)^ 10.4951 (D)^ 10.1989 (QD)$ 10.2008 (QD)$ 10.2488 (QD)$ 10.2502 (QD)$ 10.2105 (QD)$ 10.2118 (QD)$ Returns from the date of allotment till the end of the year/period (%) 5.60 5.93 5.80 5.91 4.69 4.95 4.49 4.74 Benchmark Returns from the date of allotment till the end of the year/period (%) 5.33 5.46 4.55 3.88 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 3.74 3.78 3.13 2.95 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 138.12 52.86 288.83 514.79 Ratio of recurring. expenses to net assets (%) 0.80 0.05 0.30 0.05 0.75 0.05 0.75 0.05 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC FMP 1224D December 2018 (1) HDFC FMP 1218D December 2018 (1) HDFC FMP 1211D December 2018 (1) HDFC FMP 1203D December 2018 (1) 06-12-2018~ to 31-03-2019 12-12-2018~ to 31-03-2019 19-12-2018~ to 31-03-2019 27-12-2018~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.1600 # (QD) $ – 0.1506 # (QD) $ – – – 0.1327 # (QD) $ – 0.1481 & (QD) $ 0.1394 & (QD) $ 0.1229 & (QD) $ NAV at the end of the year/period (Rs.) 10.3818 (G)* 10.4045 (G)* 10.3818 (G)* 10.4045 (G)* 10.3386 (G)* 10.3588 (G)* 10.3073 (G)* 10.3256 (G)* 10.3818 (D)^ 10.4045 (D)^ 10.3818 (D)^ 10.4045 (D)^ 10.3073 (D)^ 10.1226 (QD)$ 10.1592 (QD)$ 10.1592 (QD)$ Returns from the date of allotment till the end of the year/period (%) 3.82 4.05 3.83 4.04 3.39 3.59 3.07 3.26 Benchmark Returns from the date of allotment till the end of the year/period (%) 2.73 2.73 1.90 1.70 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 2.68 2.53 2.34 2.17 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 118.70 45.05 22.59 59.98 Ratio of recurring. expenses to net assets (%) 0.75 0.05 0.75 0.05 0.75 0.05 0.75 0.05 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

HDFC MF SAI - dated June 28, 2019 42 Plans launched under HDFC Fixed Maturity Plans - Series 43 (Contd.) Particulars HDFC FMP 1196D December 2018 (1) HDFC FMP 1190D January 2019 (1) HDFC FMP 1182D January 2019 (1) HDFC FMP 1175D January 2019 (1) 03-01-2019~ to 31-03-2019 09-01-2019~ to 31-03-2019 17-01-2019~ to 31-03-2019 23-01-2019~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.1190 # (QD) $ 0.1305 # (QD) $ 0.1112 # (QD) $ 0.1218 # (QD) $ 0.1006 # (QD) $ 0.1101 # (QD) $ 0.0864 # (QD) $ 0.0962 # (QD) $ 0.1102 & (QD) $ 0.1208 & (QD) $ 0.1029 & (QD) $ 0.1128 & (QD) $ 0.0931 & (QD) $ 0.1019 & (QD) $ 0.0800 & (QD) $ 0.0891 & (QD) $ NAV at the end of the year/period (Rs.) 10.3037 (G)* 10.3206 (G)* 10.2826 (G)* 10.2984 (G)* 10.2581 (G)* 10.2723 (G)* 10.2322 (G)* 10.2469 (G)* 10.3037 (D)^ 10.3206 (D)^ 10.1278 (QD)$ 10.2984 (D)^ 10.2581 (D)^ 10.1189 (QD)$ 10.2322 (D)^ 10.2469 (D)^ 10.1380 (QD)$ 10.1389 (QD)$ 10.1287 (QD)$ 10.1181 (QD)$ 10.1119 (QD)$ 10.1130 (QD)$ Returns from the date of allotment till the end of the year/period (%) 3.04 3.21 2.83 2.98 2.58 2.72 2.32 2.47 Benchmark Returns from the date of allotment till the end of the year/period (%) 2.11 1.92 1.95 2.08 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 2.03 1.88 1.67 1.57 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 24.16 75.84 132.54 93.76 Ratio of recurring. expenses to net assets (%) 0.75 0.05 0.75 0.05 0.77 0.07 0.90 0.10 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC FMP 1168D January 2019 (1) HDFC FMP 1154D February 2019 (1) HDFC FMP 1146D February 2019 (1) 30-01-2019~ to 31-03-2019 13-02-2019~ to 31-03-2019 21-02-2019~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) 0.0796 # (QD) $ 0.0884 # (QD) $ – – – – 0.0737 & (QD) $ 0.0818 & (QD) $ NAV at the end of the year/period (Rs.) 10.2295 (G)* 10.2427 (G)* 10.1683 (G)* 10.1777 (G)* 10.1642 (G)* 10.1720 (G)* 10.2295 (D)^ 10.2427 (D)^ 10.1683 (D)^ 10.1777 (D)^ 10.1642 (D)^ 10.1720 (D)^ 10.1187 (QD)$ 10.1197 (QD)$ 10.1683 (QD)$ 10.1777 (QD)$ 10.1642 (QD)$ 10.1720 (QD)$ Returns from the date of allotment till the end of the year/period (%) 2.30 2.43 1.68 1.78 1.64 1.72 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.89 1.39 1.58 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 1.39 0.88 0.72 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 35.93 68.00 39.25 Ratio of recurring. expenses to net assets (%) 0.87 0.07 0.85 0.10 0.80 0.05 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Plans launched under HDFC Fixed Maturity Plans - Series 44 Particulars HDFC FMP 1133D February 2019 (1) HDFC FMP 1126D March 2019 (1) HDFC FMP 1127D March 2019 (1) 06-03-2019~ to 31-03-2019 13-03-2019~ to 31-03-2019 19-03-2019~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.1321 (G)* 10.1371 (G)* 10.0956 (G)* 10.0992 (G)* 10.0517 (G)* 10.0539 (G)* 10.1321 (D)^ 10.1371 (D)^ 10.0956 (D)^ 10.0992 (D)^ 10.0517 (D)^ 10.0539 (D)^ 10.1321 (QD)$ 10.1371 (QD)$ 10.0956 (QD)$ 10.0992 (QD)$ 10.0517 (QD)$ 10.0539 (QD)$ Returns from the date of allotment till the end of the year/period (%) 1.32 1.37 0.96 0.99 0.52 0.54 Benchmark Returns from the date of allotment till the end of the year/period (%) 1.39 0.94 0.75 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.51 0.36 0.18 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 239.19 343.18 51.95 Ratio of recurring. expenses to net assets (%) 0.80 0.05 0.80 0.05 0.85 0.10 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

43 HDFC MF SAI - dated June 28, 2019 Plans launched under HDFC Fixed Maturity Plans - Series 44 (Contd.) Particulars HDFC FMP 1120D March 2019 (1) HDFC FMP 1118D March 2019 (1) 26-03-2019~ to 31-03-2019 28-03-2019~ to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) – – – – NAV at the end of the year/period (Rs.) 10.0244 (G)* 10.0253 (G)* 10.0179 (G)* 10.0184 (G)* 10.0244 (D)^ 10.0253 (D)^ 10.0179 (D)^ 10.0184 (D)^ 10.0244 (QD)$ 10.0253 (QD)$ 10.0179 (QD)$ Returns from the date of allotment till the end of the year/period (%) 0.24 0.25 0.18 0.18 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.19 0.07 Benchmark CRISIL Composite Bond Fund Index CRISIL Composite Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.04 0.02 Additional Benchmark CRISIL 1 year T-Bill Index CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 25.83 236.81 Ratio of recurring. expenses to net assets (%) 0.85 0.10 0.85 0.10 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC Ultra Short Term Fund 25-09-2018~ to 31-03-2019 Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0000 (D)^ 10.0000 (D)^ Dividends (Rs.) – – NAV at the end of the year/period (Rs.) 10.4571 (G)* 10.4744 (G)* 10.0500 (D)^ 10.0500 (D)^ Returns from the date of allotment till the end of the year/period (%) 4.57 4.74 Benchmark Returns from the date of allotment till the end of the year/period (%) 4.51 Benchmark CRISIL Ultra Short Term Debt Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 4.84 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 3926.35 Ratio of recurring. expenses to net assets (%) 0.60 0.28 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future.

Particulars HDFC Charity Fund For Cancer Cure - Arbitrage Plan 27-03-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (D)^ 10.0000 (D)^ 10.0220 (D)^ 10.0220 (D)^ 10.0290 (D)^ 10.0290 (D)^ Dividends (Rs.) – – 0.6460 # (D) ^ 0.6460 # (D) ^ 0.7124 # (D) ^ 0.7124 # (D) ^ 0.6460 & (D) ^ 0.6460 & (D) ^ 0.7124 & (D) ^ 0.7124 & (D) ^ NAV at the end of the year/period (Rs.) 10.0220 (D)^ 10.0220 (D)^ 10.0290 (D)^ 10.0290 (D)^ 10.0080 (D)^ 10.0080 (D)^ Returns from the date of allotment till the end of the year/period (%) 0.22 0.22 6.75 6.75 4.89 4.89 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.14 4.49 4.92 Benchmark Nifty 50 Arbitrage Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 1.42 13.33 14.85 Additional Benchmark NIFTY 50 Net Assets at the end of the year/period (Rs. in Crores) 132.31 132.39 132.13 Ratio of recurring. expenses to net assets (%) 0.02 0.02 0.02 0.02 0.02 0.02 Absolute Returns (%) Scheme - - 6.77 6.77 10.04 10.04 Benchmark - 4.50 10.11 Additional Benchmark - 13.37 32.01 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,677 10,677 11,004 11,004 Benchmark (in Rs.) - 10,450 11,011 Additional Benchmark (in Rs.) - 11,337 13,201 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years. Dividend Option under HDFC Charity Fund for Cancer Cure - Debt Plan and Arbitrage Plan includes 50% Dividend Donation Option & 100% Dividend Donation option.

HDFC MF SAI - dated June 28, 2019 44 Particulars HDFC Charity Fund For Cancer Cure - Debt Plan 27-03-2017~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (D)^ 10.0000 (D)^ 10.0265 (D)^ 10.0265 (D)^ 10.0278 (D)^ 10.0278 (D)^ Dividends (Rs.) – – 0.5190 # (D) ^ 0.5190 # (D) ^ 0.5334 # (D) ^ 0.5334 # (D) ^ 0.4808 & (D) ^ 0.4808 & (D) ^ 0.4939 & (D) ^ 0.4939 & (D) ^ NAV at the end of the year/period (Rs.) 10.0265 (D)^ 10.0265 (D)^ 10.0278 (D)^ 10.0278 (D)^ 10.0303 (D)^ 10.0303 (D)^ Returns from the date of allotment till the end of the year/period (%) 0.27 0.27 7.47 7.47 4.71 4.71 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.11 6.21 6.88 Benchmark Crisil Short Term Bond Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 0.04 5.89 6.62 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 176.50 176.52 176.64 Ratio of recurring. expenses to net assets (%) 0.02 0.02 0.02 0.02 0.02 0.02 Absolute Returns (%) Scheme - - 7.49 7.49 9.67 9.67 Benchmark - 6.23 14.27 Additional Benchmark - 5.91 13.72 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,749 10,749 10,967 10,967 Benchmark (in Rs.) - 10,623 11,427 Additional Benchmark (in Rs.) - 10,591 11,372 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years. Dividend Option under HDFC Charity Fund for Cancer Cure - Debt Plan and Arbitrage Plan includes 50% Dividend Donation Option & 100% Dividend Donation option.

Particulars HDFC DAF - II - 1099D March 2016 12-04-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.7332 (G)* 10.9522 (G)* 11.2647 (G)* 11.6728 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.7332 (D)^ 10.9522 (D)^ 11.2647 (D)^ 11.6728 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.7332 (G)* 10.9522 (G)* 11.2647 (G)* 11.6728 (G)* 11.9567 (G)* 12.5777 (G)* 10.7332 (D)^ 10.9522 (D)^ 11.2647 (D)^ 11.6728 (D)^ 11.9567 (D)^ 12.5777 (D)^ Returns from the date of allotment till the end of the year/period (%) 7.33 9.52 6.27 8.22 6.22 8.05 Benchmark Returns from the date of allotment till the end of the year/period (%) 11.23 9.80 9.79 Benchmark CRISIL Debt Hybrid 75+25 Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.76 6.45 6.76 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 40.40 42.43 45.08 Ratio of recurring. expenses to net assets (%) 2.50 0.42 2.50 0.95 2.35 0.85 Absolute Returns (%) Scheme - - 12.65 16.73 19.57 25.78 Benchmark - 20.11 31.88 Additional Benchmark - 13.02 21.36 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,265 11,673 11,957 12,578 Benchmark (in Rs.) - 12,011 13,188 Additional Benchmark (in Rs.) - 11,302 12,136 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

45 HDFC MF SAI - dated June 28, 2019 Particulars HDFC DAF - II - 1111D April 2016 12-05-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.7258 (G)* 10.9288 (G)* 11.2639 (G)* 11.6118 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.7258 (D)^ 10.9288 (D)^ 11.2639 (D)^ 11.6118 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.7258 (G)* 10.9288 (G)* 11.2639 (G)* 11.6118 (G)* 11.9399 (G)* 12.4327 (G)* 10.7258 (D)^ 10.9288 (D)^ 11.2639 (D)^ 11.6118 (D)^ 11.9399 (D)^ 12.4327 (D)^ Returns from the date of allotment till the end of the year/period (%) 7.26 9.29 6.55 8.29 6.35 7.86 Benchmark Returns from the date of allotment till the end of the year/period (%) 10.10 9.64 9.69 Benchmark CRISIL Debt Hybrid 75+25 Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.22 6.46 6.77 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 148.24 155.73 165.15 Ratio of recurring. expenses to net assets (%) 2.41 0.30 2.44 1.27 2.34 1.34 Absolute Returns (%) Scheme - - 12.64 16.12 19.40 24.33 Benchmark - 18.84 30.50 Additional Benchmark - 12.46 20.76 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 11,264 11,612 11,940 12,433 Benchmark (in Rs.) - 11,884 13,050 Additional Benchmark (in Rs.) - 11,246 12,076 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC DAF - III - 1224D November 2016 07-12-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.1670 (G)* 10.2235 (G)* 10.6530 (G)* 10.8848 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.1670 (D)^ 10.2235 (D)^ 10.6530 (D)^ 10.8848 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.1670 (G)* 10.2235 (G)* 10.6530 (G)* 10.8848 (G)* 11.3142 (G)* 11.7819 (G)* 10.1670 (D)^ 10.2235 (D)^ 10.6530 (D)^ 10.8848 (D)^ 11.3142 (D)^ 11.7819 (D)^ Returns from the date of allotment till the end of the year/period (%) 1.67 2.24 4.97 6.72 5.50 7.37 Benchmark Returns from the date of allotment till the end of the year/period (%) 4.49 9.64 9.69 Benchmark CRISIL Debt Hybrid 75+25 Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 1.90 5.99 6.58 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 70.29 73.69 78.34 Ratio of recurring. expenses to net assets (%) 2.45 0.70 2.45 0.84 2.31 0.41 Absolute Returns (%) Scheme - - 6.53 8.85 13.14 17.82 Benchmark - 12.75 23.77 Additional Benchmark - 7.88 15.83 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,653 10,885 11,314 11,782 Benchmark (in Rs.) - 11,275 12,377 Additional Benchmark (in Rs.) - 10,788 11,583 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

HDFC MF SAI - dated June 28, 2019 46 Particulars HDFC DAF - III - 1267D October 2016 25-10-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.2362 (G)* 10.3303 (G)* 10.7247 (G)* 11.0025 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.2362 (D)^ 10.3303 (D)^ 10.7247 (D)^ 11.0025 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.2362 (G)* 10.3303 (G)* 10.7247 (G)* 11.0025 (G)* 11.3937 (G)* 11.8950 (G)* 10.2362 (D)^ 10.3303 (D)^ 10.7247 (D)^ 11.0025 (D)^ 11.3937 (D)^ 11.8950 (D)^ Returns from the date of allotment till the end of the year/period (%) 2.36 3.30 5.04 6.95 5.53 7.42 Benchmark Returns from the date of allotment till the end of the year/period (%) 3.73 9.29 10.05 Benchmark CRISIL Debt Hybrid 75+25 Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 2.71 6.06 6.60 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 81.45 85.39 90.80 Ratio of recurring. expenses to net assets (%) 2.45 0.34 2.46 0.82 2.34 0.59 Absolute Returns (%) Scheme - - 7.25 10.03 13.94 18.95 Benchmark - 13.46 26.14 Additional Benchmark - 8.73 16.75 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,725 11,003 11,394 11,895 Benchmark (in Rs.) - 11,346 12,614 Additional Benchmark (in Rs.) - 10,873 11,675 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC DAF - III - 1304D August 2016 12-09-2016~ to 31-03-2017 01-04-2017 to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.3485 (G)* 10.4656 (G)* 10.8767 (G)* 11.1670 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.3485 (D)^ 10.4656 (D)^ 10.8767 (D)^ 11.1670 (D)^ Dividends (Rs.) – – – – – – NAV at the end of the year/period (Rs.) 10.3485 (G)* 10.4656 (G)* 10.8767 (G)* 11.1670 (G)* 11.5690 (G)* 12.0572 (G)* 10.3485 (D)^ 10.4656 (D)^ 10.8767 (D)^ 11.1670 (D)^ 11.5690 (D)^ 12.0572 (D)^ Returns from the date of allotment till the end of the year/period (%) 3.49 4.66 5.61 7.43 5.90 7.64 Benchmark Returns from the date of allotment till the end of the year/period (%) 4.60 8.91 9.79 Benchmark CRISIL Debt Hybrid 75+25 Fund Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 3.64 6.21 6.66 Additional Benchmark CRISIL 1 year T-Bill Index Net Assets at the end of the year/period (Rs. in Crores) 131.04 137.82 146.72 Ratio of recurring. expenses to net assets (%) 2.39 0.34 2.39 0.89 2.29 0.79 Absolute Returns (%) Scheme - - 8.77 11.67 15.69 11.67 Benchmark - 14.05 26.81 Additional Benchmark - 9.73 17.82 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,877 11,167 11,569 12,057 Benchmark (in Rs.) - 11,405 12,681 Additional Benchmark (in Rs.) - 10,973 11,782 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

47 HDFC MF SAI - dated June 28, 2019 Particulars HDFC EOF - II - 1126D May 2017 (1) HDFC EOF - II - 1100D June 2017 (1) 15-06-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 17-07-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 10.0220 (G)* 10.1480 (G)* 10.0000 (G)* 10.0000 (G)* 9.5620 (G)* 9.6860 (G)* 10.0000 (D)^ 10.0000 (D)^ 10.0220 (D)^ 10.1480 (D)^ 10.0000 (D)^ 10.0000 (D)^ 9.5620 (D)^ 9.6860 (D)^ Dividends (Rs.) – – – – – – – – NAV at the end of the year/period (Rs.) 10.0220 (G)* 10.1480 (G)* 10.7890 (G)* 11.0710 (G)* 9.5620 (G)* 9.6860 (G)* 10.4370 (G)* 10.7520 (G)* 10.0220 (D)^ 10.1480 (D)^ 10.7890 (D)^ 11.0710 (D)^ 9.5620 (D)^ 9.6860 (D)^ 10.4370 (D)^ 10.7520 (D)^ Returns from the date of allotment till the end of the year/period (%) 0.22 1.48 4.34 5.86 -4.38 -3.14 2.55 4.36 Benchmark Returns from the date of allotment till the end of the year/period (%) 7.13 9.48 3.64 7.87 Benchmark NIFTY 500 NIFTY 500 Additional Benchmark Returns from the date of allotment till the end of the period (%) 6.72 12.94 2.75 11.14 Additional Benchmark S&P BSE SENSEX S&P BSE SENSEX Net Assets at the end of the year/period (Rs. in Crores) 1,137.98 1226.66 691.30 756.61 Ratio of recurring. expenses to net assets (%) 2.19 0.71 2.12 0.79 2.44 0.60 2.25 0.57 Absolute Returns (%) Scheme - - 7.89 10.71 - - 4.37 7.52 Benchmark - 17.55 - 13.73 Additional Benchmark - 24.27 - 19.65 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 10,789 11,071 - - 10,437 10,752 Benchmark (in Rs.) - 11,755 - 11,373 Additional Benchmark (in Rs.) - 12,427 - 11,965 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Particulars HDFC HOF - I - 1140D November 2017 (1) 06-12-2017~ to 31-03-2018 01-04-2018 to 31-03-2019 Regular Plan Direct Plan Regular Plan Direct Plan NAV at beginning of the year/period (Rs.) 10.0000 (G)* 10.0000 (G)* 9.5780 (G)* 9.6290 (G)* 10.0000 (D)^ 10.0000 (D)^ 9.5780 (D)^ 9.6290 (D)^ Dividends (Rs.) – – – – NAV at the end of the year/period (Rs.) 9.5780 (G)* 9.6290 (G)* 9.5440 (G)* 9.7670 (G)* 9.5780 (D)^ 9.6290 (D)^ 9.5440 (D)^ 9.7670 (D)^ Returns from the date of allotment till the end of the year/period (%) -4.22 -3.71 -3.50 -1.78 Benchmark Returns from the date of allotment till the end of the year/period (%) 0.58 6.45 Benchmark India Housing & Allied Businesses Index Additional Benchmark Returns from the date of allotment till the end of the period (%) 1.08 13.26 Additional Benchmark NIFTY 50 Net Assets at the end of the year/period (Rs. in Crores) 3,247.55 3241.52 Ratio of recurring. expenses to net assets (%) 2.09 0.38 1.85 0.07 Absolute Returns (%) Scheme - - -4.56% -2.33 Benchmark - 8.53 Additional Benchmark - 17.71 INR Returns on investment of Rs. 10,000 @ (from the date of allotment till end of the year/period) Scheme (in Rs.) - - 9,544 9,767 Benchmark (in Rs.) - 10,853 Additional Benchmark (in Rs.) - 11,771 *Growth Option, ^ Dividend Option $ Quarterly Dividend Option † Flexi Option ~ Date of Allotment NAV at the end of the period is as on March 29, 2019. # For Individuals and HUF & For Others NA - Not Available/Not Applicable Past performance may or may not be sustained in the future. @ shows the current value of Rs. 10,000/- invested at the beginning of a given period Absolute returns and INR Returns on Rs. 10,000 have been additionally provided for schemes/plans that have been in existence for more than one year but less than three years.

Note: 1. Returns for less than one year are computed as absolute returns from the date of allotment of respective Schemes and returns more than 1 year are computed as compounded annualized returns (CAGR) from the date of allotment of the respective Schemes. 2. Per unit NAV on the date of allotment is taken as Rs. 10 for computation of returns. 3. The ratio of recurring expenses to net assets is annualised. 4. Returns of the Schemes/Plans are given for Growth Option, wherever applicable.

HDFC MF SAI - dated June 28, 2019 48 II. HOW TO APPLY? mode offered by specified banks, financial institutions, distributors etc., with whom AMC has entered or may enter This section must be read in conjuction with the section into specific arrangements including through secured internet ‘Units and Offer’ of the SID of the respective Scheme(s) sites operated by CAMS. Accordingly, the servers (maintained of the Fund: at various locations) of the AMC and CAMS will be the 1. New investors can purchase units of the respective official point of acceptance for all such online / electronic Scheme(s)/ Plans by using an application form, whereas, transaction facilities offered by the AMC. existing Unit holders may use transaction slip or application For the purpose of determining the applicability of NAV, time form. Application forms or transaction slips will be available of transaction would be the time when request for purchase / at the Investor Service Centres (ISCs)/ Official Points of sale / switch of units is received in the servers of AMC/RTA. Acceptance of transactions during business hours on business days. The same can also be downloaded from 8. Investors transacting through MFSS / BSE StAR MF Platform the website of the Mutual Fund viz. www.hdfcfund.com under the electronic order collection system for schemes which are unlisted and Stock Exchange(s) for the listed schemes will 2. Applications must be completed in Block Letters in English. have to comply with norms/ rules as prescribed by Stock 3. Signatures should be in English or in any Indian Language. Exchange(s). In case of joint holdings, all joint holders are required to 9. Investors can carry out financial and non-financial transactions sign. Applications on behalf of minors should be signed pertaining to Scheme(s) of HDFC Mutual Fund through MF by their Guardian. In case of a HUF, the Karta should Utlities at the authorized Points of Service of MF Utilities India sign the application form on behalf of the HUF. Investor Private Limited (MFUI). The details of Points of Service with who cannot sign and in case required to provide a thumb effect from the respective dates published on MFU website impression will have to contact the AMC for the additional at www.mfuindia.com will be considered as Official Point of documentation/information required. Acceptance (OPA) for transactions in the Scheme(s) of the Fund. For investments through Constituted Attorney, the Power of The transactions carried out through MFU shall be subject to Attorney has to be signed by the Applicant and Constituted the terms & conditions as may be stipulated by MFUI / Fund / Attorney. The signature in the Application Form needs HDFC AMC from time to time. to clearly indicate that the signature is on behalf of the 10. In respect of New Fund Offer (NFO) of Schemes/Plan(s) applicant by the Constituted Attorney. an investor can subscribe to the NFO through Applications 4. The duly completed application form/transaction slip as Supported by Blocked Amount (ASBA ) facility by applying the case maybe, can be submitted at the designated ISCs for the Units offered under the Option(s)/Plan(s) of the / official points of acceptance. The personnel at the official Scheme(s) in the ASBA Application Form and following the point of acceptance of transaction will time stamp, and procedure as prescribed in the form. For details please return the acknowledgement slip in the application form. refer to the Section “Applications Supported by Blocked The application shall be subject to verification. For details Amount (ASBA) facility” on Page 51. on updated list of ISCs / Official Points of Acceptance 11. All cheques and bank drafts should be drawn in favour of investors may log on to ‘Contact Us’ section on our website respective Scheme(s) A/c Permanent Account Number or www.hdfcfund.com Investor Name e.g. “HDFC Scheme name A/c PAN” 5. Investors are required to ensure that Employee Unique or “HDFC Scheme name A/c Investor Name” (in case Identification Number (EUIN) is correctly filled up in of HDFC Index Fund the name of specific Plan should also the application form for investments routed through the be mentioned) and crossed “A/c Payee only”. A separate distributor (ARN holder). EUIN, particularly in advisory cheque or bank draft must accompany each application/ transactions, would assist in addressing any instance of each scheme/plan. mis-selling even if the employee/relationship manager/ 12. All cheques and bank drafts accompanying the application sales person later leaves the employment of the distributor. form should contain the application form number / folio In case, the distributor has not given any advice to investor number on its reverse. Returned cheque(s) are liable not to pertaining to the investment made, the EUIN box may be be presented again for collection, and the accompanying left blank wherein the investor will be required to provide Application Form is liable to be rejected. In case the a duly signed declaration to this effect, as given in the returned cheque(s) are presented again, the necessary application form. charges are liable to be debited to the Investor. SEBI has made it compulsory for every employee/ 13. In order to protect the interest of Investors from fraudulent relationship manager/ sales person of the distributor of encashment of cheques, the current SEBI (MF) Regulations, mutual fund products to quote the EUIN obtained by him/ has made it mandatory for Investors to mention in their her from AMFI in the Application Form. Application / Redemption request, their bank name and account number. 6. Investors desirous of receiving the allotment of units in 14. In order to comply with AMFI (Association of Mutual dematerialized (“demat”) form will have to provide their Funds in India) best practice guidelines on ‘risk mitigation demat account details in the application form. Currently, process against third party instruments and other payment this facility is not available in case of units offered under modes for mutual fund subscriptions’ issued from time the Daily/ Weekly/Fortnightly Dividend Option(s). to time and also to enhance compliance with Know Your The list of all such schemes/plans alongwith the respective ISIN Customer (KYC) norms under the Prevention of Money of the options is available on our website viz. www.hdfcfund. Laundering Act, 2002 (PMLA), the acceptance of Third com. In case the Demat account details are not provided or Party Payments is restricted. For details please refer to the details are incomplete or the details do not match with the the Section “Restriction on Acceptance of Third Party records as per Depository(ies), the application shall be treated Payment Instruments for Subscription of Units” on as invalid for processing under demat mode and therefore Page 54. may be considered for processing in non-demat form i.e. in 15. Investors should note that it is mandatory for all applicants physical mode, if the application is otherwise valid. (in the case of application in joint names, each of the 7. Investors may undertake transactions viz. purchase / applicants) to mention his/her Permanent Account redemption / switch through the online/electronic modes/ Number (PAN)/PAN Exempt KYC Reference Number sources like its official website - www.hdfcfund.com, mobile (PEKRN) irrespective of the amount of purchase* in the handsets, etc. and may also submit transactions in electronic Application Form. Where the applicant is a minor, and

49 HDFC MF SAI - dated June 28, 2019 does not possess his / her own PAN/PEKRN, he / she each Creation Unit consists of 1,000 units of HGETF shall quote the PAN/PEKRN of his/her father or mother (each unit of HGETF will be approximately equal to one or the guardian, as the case may be. For details please (1) gram of Gold) and Cash Component#, if any. refer to the Section “Permanent Account Number” on All applications from authorised participants will be Page 71. accepted along with physical gold* (i.e. Creation Unit Size *includes fresh/additional purchase, switch, Systematic of minimum 1 kg) and multiples thereof and/ or Cash Investment/Transfer and Dividend Reinvestment / Dividend Component#. Transfer. * The gold should be of fineness of 995 parts per 1,000 16. Investors should note that it is mandatory for all purchases/ (99.5%). switches/ registrations for Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)/ Flex STP/Flexindex/Swing All applications from large investors will be accepted along STP Plan/ Dividend Transfer Plan (DTP) to quote the valid with the requisite Cash Component# as determined by KYC Compliance Status of each applicant (guardian in AMC for creation of units in Creation Unit Size. case of minor) in the application and attach proof of KYC Mode of Payment for Purchase of Units of HDFC Compliance. For details regarding ‘How to apply for Nifty 50 ETF / HDFC Sensex ETF KYC?‘ and ‘Who are required to be KYC compliant?‘ Ongoing purchases directly from the Mutual Fund would please refer Page 53-54. be restricted to Authorized Participants and Large Investors, 17. Applicants must satisfy the minimum Application Amount provided the value of units to be purchased is in Creation requirements mentioned in the ‘Scheme Information Unit size and in multiples thereof. Authorized Participants / Document’ of the respective scheme(s) of HDFC Mutual Large Investors may buy the units on any Business Day of Fund. the Scheme directly from the Mutual Fund:

18. In case of non-individual applicants/investors, it will be l In exchange of the Cash# [as determined by the AMC mandatory to provide the details on ‘Ultimate Beneficial equivalent to the cost incurred towards the purchase Owner(s) (UBO(s))’ by filling up the declaration form for of predefined basket of securities that represent ‘Ultimate Beneficial Ownership’. Please contact the nearest the underlying index (i.e. Portfolio Deposit)], Cash Investor Service Centre (ISC) of HDFC Mutual Fund or Component and other applicable transaction charges; or visit our website www.hdfcfund.com for the Declaration l In exchange of Portfolio Deposit [i.e. by depositing Form. For more details please refer paragraph “Ultimate basket of securities that represent the underlying index] Beneficial Owners (UBO(s))” appearing in Section V (B) on Page 68. along with the cash component# and applicable transaction charges. 19. Applications not complete in any respect are liable to be rejected. The Creation Unit size is 4,000 units for HDFC Nifty ETF and 1000 units for HDFC SENSEX ETF. 20. The AMC / Trustee retains the sole and absolute discretion to reject any application. No kind of credit facility would be extended during creation 21. MODE OF PAYMENT of units. n Resident Investors The Fund may from time to time change the size of the (a) For Investors having a bank account with HDFC Bank Creation Unit in order to equate it with marketable lots Limited or such banks with whom the AMC would of the underlying instruments. have an arrangement from time to time: # Payment to be made only by means of payment instruction Payment may be made for subscription to the Units of of Real Time Gross Settlement (RTGS) / National Electronic the Scheme either by issuing a cheque drawn on such Funds Transfer (NEFT) or Funds Transfer Letter / Transfer banks or by giving a debit mandate to their account Cheque of a bank where the Scheme has a collection with a branch of HDFC Bank Limited situated at the account. same location as the ISC or such other banks with whom the AMC would have an arrangement from n NRIs, PIOs, OCIs, FPIs time to time. Repatriation Basis l In the case of NRIs/PIOs/OCIs, payment may (b) For other Investors not covered by (a) above: be made either by inward remittance through Payment may be made by cheque or bank draft drawn normal banking channels or out of funds held on any bank, which is situated at and is a member in his Non - Resident (External) Rupee Account of the Bankers’ Clearing House, located at the place (NRE) / Foreign Currency (Non-Resident) Account where the application is submitted. No money orders, (FCNR) and other similar accounts as permitted by post dated cheques [except through Systematic RBI from time to time. In case Indian rupee drafts Investment Plan (SIP)] and postal orders will be are purchased abroad or from Foreign Currency accepted. Outstation cheques will not be accepted Accounts or Non-resident Rupee Accounts an during NFO. Bank charges for outstation demand account debit certificate from the Bank issuing the drafts will be borne by the AMC and will be limited draft confirming the debit shall also be enclosed. to the bank charges stipulated by the State Bank of India. Outstation Demand Draft has been defined as l FPIs shall pay their subscription either by inward a demand draft issued by a bank where there is no remittance through normal banking channels or ISC available for Investors. The AMC will not accept out of funds held in Foreign Currency Account or any request for refund of demand draft charges, in Special Non-Resident Rupee Account maintained such cases. by the dealer. Non-repatriation Basis Mode of Payment for Purchase of Units of HDFC Gold Exchange Traded Fund (HGETF) In the case of NRIs/PIOs/OCIs, payment may be made either by inward remittance through All applications for purchase of units including additional normal banking channels or out of funds held in purchases is allowed for Authorised Participants and Large his Non-Resident Ordinary Rupee Account (NRO) Investors in ‘Creation Unit Size’ only. and other similar accounts as permitted by RBI from time to time.

HDFC MF SAI - dated June 28, 2019 50 NRIs/PIOs/OCIs/FPIs may also be requested to iv) for any other reasons as deemed fit by the AMC/ furnish such other documents as may be necessary Fund/ Trustee. and as desired by the AMC/Mutual Fund/Registrar, The AMC / Trustee shall not be liable for any losses in connection with the investment in the scheme suffered by the investors on account of rejection of of the Fund. application forms or reversing allotment of units for n Cash investments the reasons stated above or on account of mishandling Pursuant to SEBI Circular No. CIR/IMD/DF/ 21/2012 of Cash either by the investor or his representative. dated September 13, 2012 read with SEBI Circular 22. Foreign Portfolio Investors (FPIs) No. CIR/IMD/DF/10/2014 dated May 22, 2014 the Fund will accept subscription applications with payment SEBI vide Notification No. LAD-NRO/GN/2013-14/36/12 mode as ‘Cash’ (“Cash Investments”) to the extent dated January 07, 2014 has notified SEBI (Foreign Portfolio of Rs. 50,000/- per investor, per financial year. Cash Investors) Regulations, 2014 (“the Regulations”). FIIs, Sub Investments in legal tender, accompanied with valid accounts of FIIs and QFIs registered with SEBI shall be applications, shall be accepted by the Scheme subject subsumed under FPI. The FPI is required to obtain certificate to the following: of registration from the DDPs instead of SEBI. The registration granted to FPIs by the DDPs shall be permanent unless 1. Procedure: suspended or cancelled by SEBI or surrendered by the FPIs. a. Deposit slips for making Cash Investments The intermediaries are advised vide SEBI circular no. CIR/ may be obtained from ISCs which accept Cash MIRSD/ 07 /2013 dated September 12, 2013 read with Investment applications. Investor is required the guidance on KYC requirements issued by SEBI to follow to fill the deposit slip with the scheme name a risk based approach towards KYC requirements for FPIs and the amount of cash to be deposited. The by classifying them into Category I, II and III. Further, SEBI contents of the deposit slip shall be verified vide circular dated April 10, 2018 read with circular(s) by the officials of such ISCs. dated September 21, 2018 reviewed, the requirements b. Investors must then deposit the cash along for Identification and verification of Beneficial Owners with the verified deposit slip at any of the and the KYC requirements for FPIs. nearest designated branches of the Bank Investment Route: accepting cash under this facility. r BI vide its Notification No. FEMA. 297/2014-RB dated c. Acknowledged copy of the deposit slip March 13, 2014 and A.P. (DIR Series) Circular No.112 received from the Bank along with the dated March 25, 2014 has amended the Foreign Exchange Scheme application form / transaction slip Management (Transfer or Issue of Security by a Person shall be submitted at the same ISC (i.e. from Resident outside India) Regulations, 2000 by putting in place where the deposit slip was obtained) for a framework for investments under a new scheme called time stamping. Investors must mention their ‘Foreign Portfolio Investment’ scheme. The Department name and folio number/ application number of Revenue vide its publication in Official Gazette dated on the reverse of the Bank-acknowledged January 22, 2014 specified FPIs registered under the deposit slip. The pay-out bank account Regulations as FII for the purposes of Income Tax Act. details are also required to be specified in 23. Additional mode of payment through Applications the application form by the investors. Supported by Blocked Amount (ASBA) facility: 2. Other conditions: Pursuant to SEBI Circular dated SEBI/IMD/CIR No 18 / a. Maximum amount of subscription: If the 198647 /2010 March 15, 2010 read with SEBI circular amount of subscription (together with the no. Cir/IMD/DF/6/2010 dated July 28, 2010 an investor investments already made through cash in can subscribe to the New Fund Offers (NFOs) launched the same financial year) exceeds Rs. 50,000/- through ASBA facility by applying for the Units offered the application will be rejected. under the Option(s)/Plan(s) of the Scheme(s) in the ASBA Application Form and following the procedure as prescribed b. Payment of proceeds pertaining to in the form. Hence, all the NFOs to be launched by the redemptions, dividend, etc. with respect to Mutual Fund shall have ASBA facility, which will co-exist Cash Investments shall be made only through with the existing mode of subscription. the pay-out bank account mentioned in the ASBA is an application containing an authorization given application form or as registered in the folio by the Investor to block the application money in his/her (as applicable) as Bank mandate. specified bank account towards the subscription of Units The AMC / Trustee reserves the right to reject any offered during the NFO of the Scheme of HDFC Mutual Fund. application for Cash Investment and /or reverse Thus, for an investor who applies through ASBA facility, allotment of units of those investors who undertook the application money towards the subscription of Units Cash Investment under the following circumstances: shall be debited from his/her specified bank account only i) If the application Form is not in order; if his/her application is selected for allotment of Units. ii) If the ISC verified and Bank acknowledged deposit Benefits of Applying through ASBA facility slip is not attached to the applications Form; (i) Writing cheques and demand drafts is not required, as investor needs to submit ASBA application Form iii) If authorized cash collecting Bank informs that accompanying an authorization to block the account stale or uncurrent or spurious or imperfect to the extent of application money towards subscription or otherwise unacceptable notes / coins were of Units. The balance money, if any, in the account furnished to them; and can be used for other purposes by the investors.

51 HDFC MF SAI - dated June 28, 2019 (ii) release/Unblocking of blocked funds after allotment incorrect, the SCSB will be informed on the same who is done instantaneously. will then unblock the investor account with appropriate (iii) Unlike other modes of payment, ASBA facility prevents remarks in the investor account. the loss of interest income on the application money (i) The list of SCSBs and their DBs where ASBA application towards subscription of Units as it remains in the bank form can be submitted is available on the websites account of the investor till the allotment is made. of BSE (www.bseindia.com), NSE (www.nseindia.com) (iv) refunds of money to the investors do not arise as the and SEBI (www.sebi.gov.in) and shall also be given application money towards subscription of Units gets in the ASBA application form. blocked only on the allotment of Units. Note: No request for withdrawal of ASBA (v) The investor deals with the known intermediary i.e. application form will be allowed after the closure his/her own bank. of New Fund Offer Period. (vi) The application form is simpler as the application form Grounds for Technical Rejections of ASBA application for ASBA will be different from the NFO application forms. form. ASBA Application Forms can be rejected, at the discretion ASBA Procedure of Registrar and Transfer Agent of HDFC Mutual Fund or (a) An Investor intending to subscribe to the Units of the SCSBs including but not limited on the following grounds-: NFO through ASBA, shall submit a duly completed 1. Applications by persons not competent to contract ASBA Application Form to a Self Certified Syndicate under the Indian Contract Act, 1872, including but Bank (SCSB), with whom his/her bank account is not limited to minors, insane persons etc. maintained. 2. ASBA Application Form without the stamp of the SCSB. (b) An ASBA investor shall submit a duly filled up ASBA 3. Application by any person outside India if not in Application form, physically or electronically to the compliance with applicable foreign and Indian laws. SCSB with whom the investors holds the bank account 4. Bank account details not given/incorrect details given. which is to be blocked 5. Duly certified Power of Attorney, if applicable, not i. In case of ASBA application in physical mode, the submitted alongwith the ASBA application form. investor shall submit the ASBA Application form 6. No corresponding records available with the at the bank branch of SCSB, which is designated Depositories matching the parameters namely (a) for the purpose and the investor must be holding Names of the ASBA applicants (including the order a bank account with such SCSB. of names of joint holders) (b) DP ID (c) Beneficiary ii. In case of ASBA application in electronic form, account number or any other relevant details pertaining the investor shall submit the ASBA Application to the Depository Account. form either through the internet banking facility 7. Investor’s demat account is inactive or suspended for available with the SCSB, or such other electronically any reason. enabled mechanism for subscribing to units of 8. Investor’s signature not matching with the bank’s Mutual Fund schemes authorizing to block the records. subscription money in a bank account. HDFC Mutual Fund or its Registrar and Transfer Agent (c) An acknowledgement will be given by the SCSB in the shall not be liable for any negligence or mistake form of the counter foil or specifying the application committed by the SCSBs. number for reference. Such acknowledgement does 24. Additional facilities for transaction of Units : not guarantee, in any manner that the investors will l Transactions through Channel Distributors/ be allotted the Units applied for. Advisors/ RIAs Note: if the bank account specified in the ASBA Investors may enter into an agreement with certain Application Form does not have sufficient credit distributors (with whom AMC also has a tie up) referred balance to meet the application money towards to as “Channel Distributors/ Advisors/ RIAs” who provide the subscription of Units, the Bank shall reject the facility to investors to transact in units of mutual the ASBA Application form. funds through various modes such as their website / (d) On acceptance of Physical or Electronic ASBA, the other electronic means or through Power of Attorney in SCSB shall block funds available in the bank account favour of the Channel Distributors/ Advisors/ RIAs, as specified to the extent of the application money the case may be. specified in the ASBA Application Form. Under such arrangement, the Channel Distributors/ (e) ASBA application form will not be accepted by any Advisors/ RIAs will aggregate the details of transactions of the offices of HDFC Mutual Fund or its Registrar (viz. subscriptions/ redemptions/switches) of their & Transfer Agent, i. e. Computer Age Management various investors and forward the same electronically Services (P) Ltd. (CAMS). to the AMC / R&TA for processing on daily basis (f) The application money towards the Subscription of as per the cut-off timings applicable to the relevant Units shall be blocked in the account until (i) Allotment schemes. For details, investors are advised to refer of Units is made or (ii) Rejection of the application or to ‘Scheme Information Document’ of the respective (iii) Devolvement of the Scheme, as the case may be. Scheme(s) of HDFC Mutual Fund.

(g) SCSBs shall unblock the bank accounts for (i) Transfer l Subscription of Units through Electronic Mode of requisite money to the Mutual Fund / Scheme bank Subject to an investor fulfilling applicable terms and account against each valid application on allotment conditions as may be stipulated by the AMC from or (ii) in case the application is rejected. time to time, the AMC/ Mutual Fund/ Registrar/ or (h) During processing of the ASBA application Forms by any other agent or representative of the AMC/ Mutual R&TA, if the application is found to be incomplete or Fund/ Registrar (“Recipient”) may accept instructions/

HDFC MF SAI - dated June 28, 2019 52 transaction requests transmitted through fax /web / any l Facility to transact units of the Scheme(s) through other electronic mode as may be permitted by the AMC Stock Exchange(s) from time to time (hereinafter referred to as “electronic existing/ New Investors may transact units of the transactions”) by such investor (hereinafter referred to as eligible Scheme(s)/ Plan(s) through the Stock Exchange “transmitter”). For details, investors are advised to refer infrastructure. Please refer to the website of the Fund for to ‘Scheme Information Document(s)’ of the respective the eligible Scheme(s)/ Plan(s). Investors have an option Scheme(s) of HDFC Mutual Fund. to hold the units in physical or dematerialized form. l Electronic Services The investors will be able to switch the units from/ to eDocs the Eligible Schemes of the Fund through BSE StAR MF / This facility enables the Unitholder to register an MFSS Platform. The switch transactions can also be email address with the AMC for receiving allotment carried through other Stock Exchange infrastructure confirmations, consolidated account statement/account as and when such a facility is made available by the statement, annual report/abridged summary thereof concerned Stock Exchange. and/or any statutory / other information as permitted In order to facilitate transactions in mutual fund by email. units through the stock exchange infrastructure, BSE eAlerts has introduced BSE StAR MF Platform and NSE has This facility enables the Unit holder to receive SMS introduced Mutual Fund Service System (MFSS). All confirmations for purchase, redemption or switch, trading members of BSE & NSE who are registered dividend declaration details and other alerts. with AMFI as Mutual Fund Advisors and who have Apart from above mentioned facilities, the facility of signed up with HDFC Asset Management Company ePayouts comprising mode of payment of Redemption Limited and also registered with BSE & NSE as / Dividend Proceeds if any, via Direct Credit/ NEFT/ Participants (“AMFI certified stock exchange brokers” or RTGS/ ECS is covered under eServices facility. “Brokers”) are eligible to offer this facility to investors. For further details and the terms and conditions Additionally, the units of the Scheme are permitted applicable for availing eServices, please visit our to be transacted through Clearing Members of the website www.hdfcfund.com registered Stock Exchanges. Further, the Depository Participants of registered Depositories are permitted l Missed Call Facility to process only redemption request of units held in The facility enables an investor to get the below details demat form. by giving a missed call to the number - 8506936767. The eligible AMFI certified stock exchange Brokers/ SMS providing scheme-wise valuation(s) along with Clearing Members/Depository Participants who have total valuation. Prerequisite: complied with the conditions stipulated in SEBI Circular i) Mobile number has to be registered in the folio(s). No. SEBI /IMD / CIR No.11/183204/2009 dated ii) Folio(s) need to have live unit balance. November 13, 2009 for stock brokers viz. AMFI /NISM Account statement (default one). Prerequisite: certification, code of conduct prescribed by SEBI for i) email ID has to be registered in the folio(s). Intermediaries of Mutual Fund will be considered as ii) Folio(s) with nil unit balance will receive default Official Points of Acceptance (OPA) of the Mutual Fund. account statement. Distributors registered with Association of Mutual Please visit our website for more details on the same. Funds in India (AMFI) and permitted by the concerned l HDFC Instainvest Facility recognized stock exchanges shall be eligible to use This facility enables an investor to transact (i.e. recognized stock exchanges’ infrastructure to purchase purchase and redemption only) in Units of the eligible and redeem mutual fund units (Demat / Non Demat) scheme(s) by sending instructions through Short on behalf of their clients, directly from Mutual Fund. Messaging Service “SMS” from a registered Indian The facility to transact units through the stock exchange mobile number to a dedicated number, as specified infrastructure shall be in accordance with guidelines by the Fund/ the AMC. Currently, HDFC Low Duration issued by SEBI and operating guidelines issued by Fund is the eligible Scheme to offer the facility. For the respective Stock Exchanges and the Depositories an updated list, investors may refer to website www. from time to time. For more details, investors are hdfcfund.com or contact any of our ISCs. This list may advised to refer to ‘Scheme Information Document’ be modified from time to time. For an updated list of the respective Scheme(s) of HDFC Mutual Fund. and further details, investors are advised to refer to 25. How to Apply for KYC? ‘Scheme Information Document(s)’ of the respective To avoid duplication of KYC process across the financial Scheme(s) of HDFC Mutual Fund. services sector, the government has introduced Central l HDFC Instant Access Facility KYC (CKYC) which is a mechanism for centralization of This Instant Access Facility facilitates credit of the KYC records. Accordingly, we shall perform the initial redemption proceeds into the bank account of the KYC of our clients into the existing KRA module from investor instantly through Immediate Payment Services where the data will get passed onto the Central Registry (IMPS). The facility is available under the HDFC Liquid of Securitization Asset Reconstruction and Security Interest Fund Scheme under the Growth option of the Direct (CERSAI) for generation of the KYC Identification number and Regular Plan. Currently this facility is available (KIN) of the investor. only on the HDFCMFOnline platform and subsequently 1. Investors who wish to be KYC Compliant should submit the AMC may offer the same through other electronic a completed CKYC & KRA KYC Form along with all / digital platforms. the prescribed documents listed in the Form to any of the SEBI registered intermediaries viz. Mutual Funds,

53 HDFC MF SAI - dated June 28, 2019 Portfolio Managers, Depository Participants, Stock Development (OECD) along with G-20 countries has Brokers, Venture Capital Funds, Collective Investors released a ‘Standard for Automatic Exchange of Financial Schemes, etc. The CKYC Form is available at our Account Information in Tax Matters’ commonly known as website - www.hdfcfund.com and AMFI website - Common Reporting Standard (‘CRS’). India is signatory to www. amfiindia.com. Investors may visit any of the the Multilateral Competent Authority Agreement (MCAA) ISC of HDFC Mutual Fund for completion of their for the purposes of CRS. Under FATCA/CRS provisions, KYC formalities. Further, all the official points of Financial Institutions are obligated to obtain information acceptance of HDFC Mutual Fund are authorized to about the financial accounts maintained by investors and carry out KYC on behalf of the Fund. report to the local Government/ notified tax authorities. In 2. For investors attempting to complete their KYC accordance with FATCA and CRS provisions, the AMC / formalities using the CKYC form, it is mandatory for Mutual Fund is required to undertake due diligence process intermediaries including mutual funds to carry out In- and identify foreign reportable accounts and collect such Person Verification (IPV). The IPV carried out by any information / documentary evidences of the FATCA/CRS SEBI registered intermediary can be relied upon by status of its investors / Unit holders and disclose such the Fund. The officials of HDFC Asset Management information (through its agents or service providers) as far Company Limited and NISM/AMFI certified distributors as may be legally permitted about the holdings/ investment who are Know Your Distributors (KYD) compliant are returns to US Internal Revenue Service (IRS)/any other authorized to undertake the IPV for Fund investors. foreign government or the Indian Tax Authorities, as the Further, in case of any applications received directly case may be for the purpose of onward transmission to (i.e. without being routed through the distributors) from the IRS/ any other foreign government pursuant to the the investors, the Fund may rely upon the IPV (on the new reporting regime under FATCA/CRS. KYC Application Form) performed by the scheduled FATCA/CRS due diligence will be directed at each investor commercial banks. / Unit holder (including joint investor/Unitholder) and on 3. Once the investor has done KYC with a SEBI registered being identified as a reportable person, all the folios will intermediary, the investor need not undergo the same be reported. In case of folios with joint holders, the entire process again with another intermediary including account value of the investment portfolio will be attributable mutual funds. However, the Fund reserves the right under each such reportable person. An investor / Unit holder to carry out fresh KYC of the investor. The Fund may will therefore be required to comply with the request of the undertake enhanced KYC measures commensurate AMC / Mutual Fund to furnish such information as and with the risk profile of its investors. when sought by the AMC for the AMC / Mutual Fund to Who are required to be KYC Compliant? comply with the information reporting requirements stated

l All investors (both individual and non-individual) in IGA/MCAA and circulars issued by SEBI / AMFI in this should be KYC compliant. regard. The information disclosed may include (but is not limited to) the identity of the investors/Unitholder(s) and l Any investment in the name of minors should be through a Guardian, who should be KYC compliant their direct or indirect beneficiaries, beneficial owners and for the purpose of investing with a Mutual Fund. The controlling persons. Investors / Unitholders should consult Minor, upon attaining majority, should immediately their own tax advisors regarding FATCA/CRS requirements apply for KYC compliance in order to be able to with respect to their own situation. transact in his/her own capacity. The AMC/Mutual Fund reserves the right to reject any application/freeze any folio(s) held directly or beneficially l Also, applicants / unit holders intending to apply for units/ currently holding units and operating their Mutual for transactions in the event the applicant/Unitholder(s) fail Fund folios through a Power of Attorney (PoA) must to furnish the relevant information and/or documentation ensure that the issuer of the PoA (i.e. the investor) and in accordance with FATCA/CRS provisions and as requested the holder of the PoA (i.e. the Attorney) must be KYC by the AMC/Mutual Fund. compliant. PoA holders are not permitted to apply for KYC compliance on behalf of the issuer of the PoA. RESTRICTION ON ACCEPTANCE OF THIRD PARTY

l An individual becoming an investor on account of an PAYMENT INSTRUMENTS FOR SUBSCRIPTION OF operation of law, e.g., transmission of units upon death UNITS of a unit holder, the claimant eligible for entering into 1) HDFC Asset Management Company Limited (“AMC”) / the register of Unit holders of the Mutual Fund will HDFC Mutual Fund (“Mutual Fund”), shall not accept be required to be KYC compliant before such transfer applications for subscriptions of units accompanied can take place. with Third Party Payment instruments except in cases as

l existing KYC compliant investors of the Fund can enumerated in para 2A below. continue to invest. However, existing investors are also “Third Party Payment Instrument” means payment urged to comply with the new CKYC requirements made through an instrument issued from a bank account including IPV as mandated by SEBI. other than that of the first named applicant/ investor For more details please refer paragraph “Know Your Customer mentioned in the application form. In case of payment (KYC) compliance” in Section V(B) on Page 69 of this document. instruments issued from a joint bank account, the first named 26. Foreign Account Tax Compliance Act (FATCA) and applicant/ investor must be one of the joint holders of the Common Reporting Standards (CRS) on Automatic bank account from which the payment instrument is issued Exchange of Information (AEOI) to consider the payment as a non- Third Party Payment. The Government of India and the United States of America Illustrations: (US) have reached an agreement in substance on the Illustration 1: An Application submitted in joint names of terms of an Inter- Governmental Agreement (IGA) and A, B & C alongwith cheque issued from a bank account India is now treated as having an IGA in effect from April in names of B, C & Y. This will be considered as Third 11, 2014. On similar lines the Organization of Economic Party payment.

HDFC MF SAI - dated June 28, 2019 54 Illustration 2: An Application submitted in joint names of our records for the said folio. If the name of the bank A, B & C alongwith cheque issued from a bank account in account holder is not pre-printed on the investment names of C, A & B. This will not be considered as Third cheque or signature on the said cheque does not match Party payment. with that of the first named applicant mentioned on Illustration 3: An Application submitted in joint names of the application/available in our records for the said A, B & C alongwith cheque issued from a bank account folio, then the investor should submit any one of in name of A. This will not be considered as Third Party the following documents at the time of investments: payment. (a) a copy# of the bank passbook or a statement 2A. The Fund / AMC will not accept subscriptions with Third of bank account having the name and address Party payments except in the following exceptional cases, of the account holder and account number; which is subject to submission of requisite documentation/ (b) a letter* (in original) from the bank on its letterhead declarations: certifying that the investor maintains an account i) Payment by Parents/Grand-Parents/Related Persons* with the bank, along with information like bank on behalf of a minor in consideration of natural love account number, bank branch, account type, the and affection or as gift for a value not exceeding MICR code of the branch & IFSC Code (where Rs. 50,000/- for each regular Purchase or per SIP available). installment. However, this restriction of Rs. 50,000/- will # Investors should also bring the original documents not be applicable for payment made by a Guardian along with the documents mentioned in (a) above to whose name is registered in the records of Mutual Fund the ISCs/Official Points of Acceptance of HDFC Mutual in that folio (i.e. father, mother or court appointed Fund. The copy of such documents will be verified Legal Guardian). with the original documents to the satisfaction of the * ‘Related Person’ means any person investing on AMC/ Mutual Fund/Registrar & Transfer Agent. The behalf of a minor in consideration of natural love original documents will be returned across the counter and affection or as a gift. to the investor after due verification. (This limit of Rs. 50,000 shall not be applicable for * In respect of (b) above, it should be certified by the investments in HDFC Children’s Gift Fund. However, the bank manager with his / her full signature, name, Donors will have to comply with all the requirements employee code, bank seal and contact number. specified in 2c below) Investors should note that where the bank account ii) Payment by an Employer on behalf of employees numbers have changed on account of the under Systematic Investment Plans (SIP) or lump sum implementation of core banking system at their banks, / one-time subscription, through Payroll deductions any related communication from the bank towards a or deductions out of expense reimbursements. change in bank account number should accompany iii) Custodian on behalf of an FPI or a Client. the application form for subscription of units. However, iv) Payment by a Corporate to its Agent/ Distributor/ for updation of the changed bank details in the folio, Dealer (similar arrangement with Principal agent the investor should follow the change of bank details relationship), on account of commission or incentive process. payable for sale of its goods/services, in the form of The Mutual Fund has also provided a facility to the Mutual Fund Units through SIP or lump sum / the investors to register multiple bank accounts. By one-time subscription. registering multiple bank accounts, the investors can 2B. Applications submitted through the above mentioned use any of the registered bank accounts to receive ‘exceptional cases’ are required to comply with the following, redemption / dividend proceeds. These account without which applications for subscriptions for units will details will be used by the AMC/ Mutual Fund /R&TA be rejected / not processed / refunded. for verification of instrument used for subscription (i) Mandatory KYC for all investors (guardian in case of to ensure that a third party payment instrument is minor) and the person making the payment i.e. third not used for mutual fund subscription, except where party. permitted in (2) above. (ii) Submission of a complete and valid ‘Third Party Payment Investors are requested to avail the facility of registering Declaration Form’ from the investors (guardian in multiple bank accounts by filling in the Application case of minor) and the person making the payment Form for Registration of Multiple Bank Accounts i.e. third party. available at our Investor Service Centres (ISCs) or on (iii) Verifying the source of funds to ensure that funds our website www.hdfcfund.com. have come from the drawer’s account only. (ii) Source of funds - if funded by pre-funded 3. Investors are required to adhere to the requirements investments such as Pay Order, Demand Draft, specified hereinbelow. Banker ’s cheque etc. (i) Source of funds - if paid by cheque Investors should attach any one of the following supporting documents with the purchase application An investor at the time of his/her purchase of units where subscription for units is vide a pre - funded must provide in the application form the details of instrument issued by way of debit to his / her bank his pay-in bank account (i.e. account from which a account: (i) a Certificate (in original) from the issuing subscription payment is made) and his pay-out bank banker duly certified by the employee signing the account (i.e. account into which redemption / dividend pre-funded instrument with his / her full signature, proceeds are to be paid). name, employee code, bank seal and contact number, Identification of third party cheques by the AMC/ stating the Account holder’s name, the Bank Account Mutual Fund/ Registrar & Transfer Agent (R&TA) will Number which has been debited for issue of the be on the basis of matching the name/ signature on instrument (mandatory) and PAN as per bank records, the investment cheque with the name/ signature of the if available (ii) a copy of the acknowledgement from first named applicant available on the application or in the bank, wherein the instructions to debit carry the

55 HDFC MF SAI - dated June 28, 2019 bank account details and name of the investor as 4. During periods of extreme volatility of markets, which in an account holder are available (iii) a copy of the the opinion of the AMC are prejudicial to the interests of passbook/bank statement evidencing the debit for the Unit holders of the Scheme. issuance of the instrument. 5. In case of natural calamities, war, strikes, riots and bandhs. The account number mentioned in the above 6. In the event of any force majeure or disaster that affects supporting documents should be the same as / one the normal functioning of the AMC or the ISC. of the registered bank account or the bank details 7. During the period of Book Closure. mentioned in the application form. 8. When the money markets which provide basis for valuation (iii) Source of funds - if paid by RTGS, Bank Account- are closed/not accessible otherwise than for ordinary to-Account Transfer, NEFT, ECS, etc. holidays. Investors should attach to the purchase application 9. When the bullion markets in London and forex markets form, an acknowledged copy of the instruction to the which provide basis for valuation are closed otherwise bank also stating the account number debited. The than for ordinary holidays. account number mentioned on the transfer instruction 10. In the event of any unforeseen situation that affects the copy should be a registered bank account or the normal functioning of the stock exchange(s). first named applicant/ investor should be one of the 11. In case of fund of fund schemes, if the underlying schemes account holders to the bank account debited for such suspend sale (including switch-in) of units. electronic transfer of funds. 12. If so directed by SEBI. (iv) Source of funds – if paid by a pre-funded Additionally the AMC reserves the right in its sole discretion to instrument issued by the Bank against Cash withdraw the facility of Sale (including switch-in) of Units into The AMC/Mutual Fund/R&TA will not accept any and out of the Scheme(s) (including any one Plan / Option purchase applications from investors if accompanied by of the Scheme), temporarily or indefinitely, if AMC views that a pre-funded instrument issued by a bank against cash changing the size of the corpus may prove detrimental to the for investments of Rs. 50,000 or more. The investor existing Unit holders of the Scheme(s). should submit a Certificate (in original) obtained from the bank giving name, bank account number RIGHT TO RESTRICT REDEMPTION AND / OR SUSPEND (mandatory) and PAN as per Bank records (if available) REDEMPTION OF THE UNITS: of the person who has requested for the payment The Fund at its sole discretion reserves the right to restrict instrument. The said Certificate should be duly certified Redemption (including switch-out) of the Units (including by the employee signing the pre-funded instrument Plan / Option) of the Scheme(s) of the Fund upon occurrence with his / her full signature, name, employee code, of the below mentioned events for a period not exceeding bank seal and contact number. The AMC / Mutual ten (10) working days in any ninety (90) days period subject Fund /R&TA will check that the name mentioned in to approval of the Board of Directors of the AMC and the the Certificate matches with the first named investor. Trustee. The restriction on Redemption (including switch-out) The account number mentioned in the Certificate should shall be applicable where the Redemption (including switch-out) be the same as / one of the registered bank account request is for a value above Rs. 2,00,000/- (Rupees Two Lakhs). or the bank details mentioned in the application form. Further, no restriction shall be applicable to the Redemption / The above broadly covers the various modes of payment for switch-out request upto Rs. 2,00,000/- (Rupees Two Lakhs). It mutual fund subscriptions. The above list is not a complete is further clarified that, in case of redemption request beyond list and is only indicative in nature and not exhaustive. Any Rs. 2,00,000/- (Rupees Two Lakhs), no restriction shall be other method of payment, as introduced by the Mutual Fund, applicable on first Rs. 2,00,000/- (Rupees Two Lakhs). will also be covered under these provisions. The Trustee / AMC reserves the right to restrict Redemption or suspend Redemption of the Units in the Scheme(s) of the SUSPENSION OF SALE (including switch-in) Fund on account of circumstances leading to a systemic of the units crisis or event(s) that severely constrict market liquidity or the The Mutual Fund at its sole discretion reserves the right to efficient functioning of the markets. A list of such circumstances withdraw Sale (including switch-in) of the Units in the Scheme(s) under which the restriction on Redemption or suspension of (including Plan / Option of the Scheme) temporarily or Redemption of the Units in the Scheme(s) of the Fund may be indefinitely, if in the opinion of the AMC the general market imposed are as follows: conditions are not favourable and / or suitable investment 1. liquidity issues- when market at large becomes illiquid opportunities are not available for deployment of funds. affecting almost all securities rather than any issuer specific Further, the indicative list of circumstances under which sale or security; or switching of units may temporarily be suspended is as follows: 2. Market failures / Exchange closures; or 1. When one or more stock exchanges or markets, which 3. Operational issues; or provide basis for valuation for a substantial portion of 4. If so directed by SEBI. the assets of the Scheme are closed otherwise than for It is clarified that since the occurrence of the abovementioned ordinary holidays. eventualities have the ability to impact the overall market and 2. When, as a result of political, economic or monetary liquidity situation, the same may result in exceptionally large events or any circumstances outside the control of the number of Redemption requests being made and in such a Trustee and the AMC, the disposal of the assets of the situation the indicative timelines (i.e. within 3-4 Business Days Scheme are not reasonable, or would not reasonably be for schemes other than liquid funds and within 1 Business practicable without being detrimental to the interests of Day for liquid funds) mentioned by the Fund in the scheme the Unit holders. offering documents, for processing of requests for Redemption 3. In the event of breakdown in the means of communication may not be applicable. used for the valuation of investments of the Scheme, without Any restriction on Redemption or suspension of Redemption of which the value of the securities of the Scheme cannot be the Units in the Scheme(s) of the Mutual Fund shall be made accurately calculated.

HDFC MF SAI - dated June 28, 2019 56 applicable only after specific approval of the Board of Directors with such Units as per the applicable guidelines. For units of the AMC and Trustee Company and thereafter, immediately held under HDFC Children’s Gift Fund, all communications informing the same to SEBI. shall be sent to the Unitholder i.e. the beneficiary child through his/her guardian registered under the folio. zz As per SEBI (MF) Regulations, the Mutual Fund shall dispatch III. RIGHTS OF UNITHOLDERS OF THE Redemption proceeds within 10 Business Days of receiving SCHEME the Redemption request. A penal interest of 15% p.a. or zz Unit holders of the Scheme have a proportionate right such other rate as may be prescribed by SEBI from time to in the beneficial ownership of the assets of the Scheme. time, will be paid in case the Redemption proceeds are not zz When the Mutual Fund declares a dividend under the made within 10 Business Days of the date of Redemption Scheme/ Plan, the dividend warrants shall be dispatched request. However under normal circumstances, the Mutual within 30 days of the declaration of the dividend. In event Fund would endeavour to pay the redemption proceeds of failure of dispatch of dividend within the stipulated 30 within 3-4 Business Days from the date of redemption. day period, the AMC shall be liable to pay interest @15% For more details please refer to section ‘Redemption’ in per annum to unitholders. ‘Scheme Information Document’ of respective scheme(s) zz On acceptance of a valid application/transaction request of HDFC Mutual Fund. for subscription, an allotment confirmation specifying the zz The Trustee is bound to make such disclosures to the Unit number of units allotted by way of email and/or SMS within holders as are essential in order to keep them informed 5 Business Days from the date of receipt of application / about any information known to the Trustee which may transaction request/ closure of New Fund Offer shall be have a material adverse bearing on their investments. sent to the Unit holders registered e-mail address and/ or mobile number. zz The appointment of the AMC for the Mutual Fund can be (a) For unitholders having any security in dematerialised terminated by majority of the directors of the Trustee or form and having Mutual Fund (MF) folios: by 75% of the Unit holders of the Scheme. (i) The depositories shall dispatch the Securities zz 75% of the Unit holders of a Scheme can pass a resolution Consolidated Account Statement (SCAS) within to wind-up a Scheme. ten days from the month end where there are zz The Trustee shall obtain the consent of the Unit holders: transactions either in MF or Demat account based – whenever required to do so by SEBI, in the interest on the data provided by MF Registrar & Transfer of the Unit holders. Agent (RTA) in respect of MF units; – whenever required to do so on the requisition made (ii) In case of no transactions in either MF or demat by three-fourths of the Unit holders of the Scheme. accounts, SCAS shall be sent on a Half- yearly basis – when the Trustee decides to wind up the Scheme or showing the holding details by the Depositories. prematurely redeem the Units. (b) For investors having only mutual fund folios and no zz The Trustee shall ensure that no change in the fundamental demat account a Consolidated Account Statement attributes of any Scheme or the trust or fees and expenses (CAS) shall be sent within ten days from the month payable or any other change which would modify the end where there are transactions by mail/e-mail by Scheme and affects the interest of Unit holders, shall be the AMC/RTA. carried out unless : (c) Half-yearly CAS shall be issued at the end of every (i) a written communication about the proposed change six months (i.e. September/ March) on or before 10th is sent to each Unit holder and an advertisement is day of succeeding month, to all investors providing given in one English newspaper having nationwide the prescribed details across all schemes of mutual circulation as well as in a newspaper published in funds and securities held in dematerialized form across the language of the region where the head office of demat accounts, if applicable. the Mutual Fund is situated; and (d) Half yearly CAS will not be sent to those Unit holders (ii) the Unit holders are given an option to exit at the who do not have any holdings in the schemes of prevailing Net Asset Value without any Exit Load. mutual fund and where no commission against their zz In specific circumstances, where the approval of unitholders investment has been paid to distributors, during the is sought on any matter, the same shall be obtained by concerned half-year period. way of a postal ballot or such other means as may be In case of non-availability of PAN, AMC send monthly approved by SEBI. account statement for any financial transactions undertaken during the month on or before 10th day of the succeeding month by mail/email and Half Yearly Statement of holding, UNCLAIMED REDEMPTION / DIVIDEND AMOUNT if there are no transaction in the folio. The unclaimed Redemption amount and dividend amounts If a Unit holder so desires the Mutual Fund shall issue a (the funds) may be deployed by the Mutual Fund in money Unit certificate (non- transferable) within 5 Business Days market instruments and separate plan of Liquid scheme / of the receipt of request for the certificate. Money Market Mutual Fund scheme floated by Mutual Funds In case of Unitholders holding units in demat (electronic) specifically for deployment of the unclaimed amounts only. Investors who claim the unclaimed amounts during a period of mode, a demat statement will be sent by Depository three years from the due date shall be paid initial unclaimed Participant to the Unitholders. amount along-with the income earned on its deployment. For more details please refer to section ‘Account Statements’ Investors, who claim these amounts after 3 years, shall be in ‘Scheme Information Document’ of respective scheme(s) paid initial unclaimed amount along-with the income earned of HDFC Mutual Fund. on its deployment till the end of the third year. After the third The first-named Unit holder shall receive the account year, the income earned on such unclaimed amounts shall be statements, all notices and correspondence with respect to used for the purpose of investor education. The AMC will make the account, as well as the proceeds of any Redemption a continuous effort to remind the investors through letters to requests or dividends or other distributions. In addition, such take their unclaimed amounts. The details of such unclaimed holder shall have the voting rights, as permitted, associated redemption/dividend amounts are made available to investors

57 HDFC MF SAI - dated June 28, 2019 upon them providing proper credentials, on website of Mutual 2. Inter scheme Transfers: Funds and AMFI along with the information on the process Inter-scheme transfers will be done in line with regulatory of claiming the unclaimed amount and the necessary forms / requirements and applicable internal policies as determined documents required for the same. by the Valuation Committee. Further, the information on unclaimed amount along-with its 3. Exceptional events: prevailing value (based on income earned on deployment of Given the exceptional nature of the events, it is not possible such unclaimed amount), will be separately disclosed to investors to define a standard methodology to be adopted for fair through the periodic statement of accounts / Consolidated valuation of securities/assets for such events. The Board Account Statement sent to the investors. Further, the investment of HDFC AMC and Trustee has authorized the Valuation management fee charged by the AMC for managing the said Committee to determine the exceptional events and devise unclaimed amounts shall not exceed 50 basis points. the process to deal with the exceptional events. IV. INVESTMENT VALUATION NORMS The Exceptional illustrative list of events is provided as FOR SECURITIES AND OTHER ASSETS: under: a. Policy announcements by the Reserve Bank of India SEBI vide Gazette Notification no. LAD-NRO/GN/2011- (RBI), the Government or any Regulatory body like 12/38/4290, dated February 21, 2012 amended Regulation (SEBI/IRDA/PFRDA). 25, 47 and the Eighth Schedule titled ‘Investment Valuation b. Natural disasters or public disturbances that may Norms’ under SEBI (Mutual Funds) Regulations, 1996 (“the impact the functioning of the capital markets. Regulations”) to introduce the overarching principles namely c. Absence of trading in a specific security or similar ‘Principles of Fair Valuation’ in order to ensure fair treatment to securities. all investors (including existing as well as new investors) seeking d. Sufficient market information may not be available to purchase or redeem the units of the scheme(s) at all points for the Valuation of Securities. of time. In the event of a conflict between the principles of fair e. Valuation Agencies do not provide Valuation for valuation and valuation guidelines prescribed by SEBI under Securities. the Regulations, the principles of fair valuation shall prevail. f. Significant volatility in the capital markets. Based on the said amendment by SEBI, the Board of the HDFC AMC and Trustee has adopted a comprehensive policy The Valuation Committee shall identify and monitor on investment valuation and procedures. Accordingly, the exceptional events and recommend appropriate disclosure inter-alia of the security/ asset -wise valuation policy, procedures / methodologies with necessary guidance procedure & methodology for each type of investment made from the Board of HDFC AMC and Trustee, wherever by the scheme(s) of HDFC Mutual Fund is given below: required, and get the same ratified. 1. Principles, Policy, Procedure & Methodology for 4. Deviation: valuation of securities/assets Deviation in the valuation policy and procedures as stated (i) HDFC AMC shall adopt the principle of fair valuation above shall be allowed only with the prior approval of the i.e. valuation will be done in good faith and in true Valuation Committee followed by reporting to the Board and fair manner to reflect the net realizable value of HDFC AMC and Trustee. of the securities/asset as determined by Valuation Such deviations shall be appropriately disclosed to the Committee. This principle will be adopted by AMC Investors as may be decided by the Valuation committee. even during exceptional events as specified under 5. Record Maintenance: Point no. 3 below. HDFC AMC shall maintain and preserve documentation (ii) The detailed security/asset-wise valuation policy, for valuation (including inter scheme transfers) either in procedure & methodology for each type of investment electronic or physical form for a period of 8 years or such made by the scheme(s) of HDFC Mutual Fund is period as specified by SEBI from time to time. described in the appended table. 6. Disclosure: (iii) Investments in any new securities/assets (other than In order to ensure transparency of valuation norms those mentioned in the appended table) shall be adopted by HDFC AMC, the investment valuation policy made only after the establishment of the valuation and procedures as adopted by HDFC AMC is disclosed methodology as approved by the Board of HDFC on the website, viz. www.hdfcfund.com AMC and Trustee. (iv) The investments held by schemes of HDFC Mutual Fund would normally be valued according to the Valuation Guidelines specified by SEBI from time to time. In case of any conflict between the Principles of Fair Valuation as detailed under point (i) above and valuation guidelines specified by SEBI from time to time, the Principles of Fair Valuation shall prevail.

HDFC MF SAI - dated June 28, 2019 58 Detailed security/asset-wise valuation policy, procedure & methodology for Investments made by the HDFC Mutual Fund: I. Equity & Equity Related Instruments Security Type Valuation Policy Listed Shares / Valuation will be at the closing price at the principal stock exchange. The National Stock Exchange of India Preference Shares/ Limited (‘NSE’) is designated as the principal stock exchange for the purpose of valuation of securities. Warrants/ Rights If security is not traded on principal stock exchange on a particular valuation day, the closing price at which it is traded on any other stock exchange will be used. If security is not traded on any stock exchange on a particular valuation day, then price at which it traded on the principal stock exchange or any other stock exchange, as the case may be, on the earliest previous day will be used provided such date is not more than 30 days prior to valuation date. The securities held under the portfolio of Index Scheme(s) and Exchange Traded Funds will be valued using the closing value of the underlying index of the scheme(s). Thinly Traded Equity Thinly traded securities will be valued at fair value as per procedures* determined by the Valuation Shares Committee. Unlisted Shares /Preference Unlisted securities will be valued at fair value as per procedures* determined by the Valuation Shares/ Warrants/ Rights Committee. Options Valuation of Options contract at the day end settlement price on the NSE. Futures Valuation of Futures contract at the day end settlement price on the NSE. *The Procedure & Methodology for valuation of unlisted or thinly traded equity/equity related securities is as under: i) Equity Shares - Valuation will be computed on the basis of average of the book value and price computed by capitalisation of earning method. For the purpose of capitalisation of earning method, Industry Price / Earnings ratio will be considered which will be adjusted for liquidity. Where the unlisted equity shares are acquired as result of corporate actions like demerger/amalgamation, the unlisted equity shares will be valued at the intrinsic value on the ex-date as follows: A. The intrinsic value for new entity resulting out of corporate actions where financial details are available will be valued on the basis of average of the book value and price computed by capitalisation of earning method. B. The intrinsic value for new entity resulting out of corporate action where financial details are not available will be valued as per differential pricing method after applying appropriate illiquidity discount as determined by valuation committee. e.g. If AB company gets demerged in to A Company & B Company and the new company B is not a listed company. The value of B Company is arrived as follows: Market Value of AB Company (Pre Merger closing price) (X) Rs. 250/- Market Value of A Company (Post Merger closing Price) (Y) Rs. 150/- Valuation of B Company as per differential pricing method (X – Y) Rs. 100/- Illiquidity Discount (20%) Rs. 20/- Valuation of B Company (After illiquidity discount) Rs. 80/- The intrinsic value so arrived will be periodically reviewed by Valuation Committee till listing of such shares. ii) Preference Shares – Preference share can be convertible or non- convertible. The non-convertible preference share will be valued at the present value of all the future expected dividend payments and the maturity value, discounted at the expected return on preference share. The value of convertible preference share can be expressed as follows: Preference shares dividend Price of convertible Preference Share = X Face Value Expected return on Preference Share iii) Warrants - Warrants will be valued at the value of the share which would be obtained on exercise of the warrant as reduced by the amount which would be payable on exercise of the warrant. The value arrived will be reduced by appropriate discount. iv) Right entitlements - Right entitlements will be valued as difference between the value of closing price of the underlying equity share and the rights offer price. II. Debt & Debt Related Instruments Security Type Valuation Policy Government / Debt Securities/ Traded (Own) Government /Debt securities will be valued at weighted average traded instruments with average maturity price/ yield on the date of trade. (Refer Note 3 below) less than or equal to 60 days Non-traded Government / Debt securities will be valued by amortization on a (Treasury Bills/Commercial Paper/ straight-line basis from last valued price. Certificate of Deposit/ Bonds/Zero Coupon Securities having multiple cash flows will be valued as per last valued/traded yield. Bonds/ Bills/ Floating rate securities/ (Refer Note 1 below) Securitization)

59 HDFC MF SAI - dated June 28, 2019 Government /Debt Securities with Government Securities /Debt & Money Market securities will be valued at the average average maturity more than or 60 prices provided by AMFI approved agencies. days In case of price being available from only one agency, the same will be considered (Treasury Bills/Commercial Paper/ for valuation. Certificate of Deposit/ Bonds/Zero In case of non-availability of prices from AMFI approved agencies- Coupon Bonds/ Bills/ Floating rate l Traded (Own) securities will be valued at weighted average traded price /yield securities/ Securitization) on the date of trade. l Non-traded securities will be at the fair value as per procedures determined by the Valuation Committee. (refer Note 2 below) Interest Rate SWAP/ Forward Rate All SWAP/ FRA’s will be valued at net present value after discounting the future cash Agreements (FRA’S) flows. Future cash flows for SWAP/FRA contract will be computed daily as per terms of contract and discounted by suitable Overnight Interest Swap rates (OIS) available on Reuters/Bloomberg or any other provider as approved by Valuation Committee. The unrealised gain / loss accounted for IRS/FRA till 61st day will be amortized. Overnight Money (TREPS/Reverse Overnight money deployed will be valued at cost plus the accrual/amortisation. Repo/CROMS) Notes: 1) As per AMFI Best Practice Guidelines Circular No.29/2012-13 dated May 15, 2012, read with AMFI Best Practice Guidelines Circular No. 41/2013-14 dated September 19, 2013, all non-traded securities and Government Securities (including Treasury Bills) with average maturity less than or equal to 60 days will be valued by amortization on straight line basis from last valued price (i.e. last valued price plus the difference between the redemption value and last valued price spread uniformly over the remaining maturity period of the instrument.) However, price computed as per straight line amortization should be within ± 0.10% band of reference price derived from benchmark yield curves as provided by AMFI approved agencies (currently CRISIL/ICRA) ± applicable spread (on account of Own trades). In case the price of a particular security falls outside the band, amortization price of the security will be brought within ± 0.10% of reference price to reflect fair value. In case of Government Securities the reference price will be the prices provided by AMFI approved agencies. 2) AMFI approved agencies (currently CRISIL and ICRA) are considering the trades reported at all public platform viz. FIMDDA/ NDS-OM/NSE/BSE for determining the prices for debt securities with average maturity 3) Any debt security having at least one own trade of Rs. 5 Crore (Face Value) or above will be considered as traded for the particular day. Debt securities (with average maturity less than 61 days) will be valued at weighted average traded price / yield on the trade date. III. Others Security/ Asset Type Valuation Policy Listed Mutual Fund Valuation will be at the closing price at the principal stock exchange. Units If units are not traded on principal stock exchange on a particular valuation day, the closing price on any other stock exchange where units are traded will be used. If units are not traded on any stock exchange on a particular valuation day, then closing price at which it traded on the principal stock exchange or any other stock exchange, as the case may be, on the earliest previous day will be used provided such date is not more than 30 days prior to valuation date. Unlisted Mutual Valuation will based be on Net Asset Value (NAV) of Mutual Fund units. Fund Units Gold The gold acquired by the scheme is in the form of standard bars and its value as on a particular day is determined as under: a) The London Bullion Market Association’s (LBMA) AM fixing price per troy ounce is increased with the Cost, Insurance, Freight premium and the LBMA fixing charges. b) This value arrived at in (a) above is then converted to the equivalent price for 1 kg gold of 0.995 fineness by applying the conversion factor. c) The RBI reference rate is applied to convert the price from US dollars to Indian Rupees. d) The Indian levies in the form of customs duty, stamp duty, octroi, as applicable are added to arrive at the final landed price of gold. If on any day the LBMA AM fixing or RBI reference rate is not available due to holiday, then the immediately previous day’s prices are applied for the purpose of calculating the value of gold. Fixed Deposits Fixed deposits will be valued at cost.

HDFC MF SAI - dated June 28, 2019 60 Foreign Securities (i) Traded Securities including ADR/GDR Traded foreign securities including ADR/GDR shall be valued based on the latest available closing price of the stock exchange on which the security is listed. If the security is listed on more than one stock exchange, the AMC shall select the appropriate stock exchange and the reasons for selection of the stock exchange shall be recorded in writing and approved by Valuation Committee. If the security is listed in a time zone ahead of ours than the same day’s closing price would be used for Valuation. If the security is listed in the time zone behind ours then the previous day’s closing price would be used for valuation. When on a particular valuation day, a security has not been traded on the selected stock exchange; the value at which it is traded on another stock exchange or last available price on the selected stock exchange shall be used provided such date is not more than thirty days prior to the valuation date. On valuation date, all assets and liabilities in foreign currency shall be valued in Indian Rupees at the RBI reference rate as at the close of banking hours on the relevant business day in India. If the security is listed in currency for which RBI reference rate is not available, the exchange rates available from Reuters will be used. In case the direct exchange rates are not available on Reuters, then cross currency rate with USD would be considered and converted as per the INR/USD RBI reference rate. (ii) Non Traded Securities Non traded foreign security shall be valued by AMC at fair value after considering relevant factors on case to case basis. Non-traded ADR/ GDR shall be valued after considering prices/issue terms of underlying security. Valuation committee shall decide the appropriate discount for illiquidity. The investment valuation norms as outlined above are as per SEBI (MF) Regulations and are subject to change from time to time in conformity with changes made by SEBI.

61 HDFC MF SAI - dated June 28, 2019 V. TAX, LEGAL & GENERAL Provided that the percentage of equity shareholding or unit held in INFORMATION: respect of the fund, as the case may be, shall be computed with reference to the annual average of the monthly averages of the A. TAXATION ON INVESTING IN MUTUAL FUNDS opening and closing figures. The tax benefits set out in the SAI are for general purposes only and The additional income-tax on distribution of income by a money do not constitute tax advice. The tax information provided in the market mutual fund or a liquid fund or any other mutual fund to SAI does not purport to be a complete description of all potential an individual, Hindu Undivided Family (HUF) shall be payable by tax costs, incidence and risks inherent in subscribing to the Units the mutual fund at the rate of 25%* and at the rate of 30%* on of scheme(s) offered by HDFC Mutual Fund (“Fund”). Investors distribution of income to any other investor. Where an income is should be aware that the fiscal rules/ tax laws may change and distributed by a Mutual Fund under an infrastructure debt fund scheme there can be no guarantee that the current tax position as laid to a non-resident (not being a company) or a foreign company, out may continue indefinitely. The applicability of tax laws, if any, additional income-tax on distribution would be 5%*. Where any on Fund/ Scheme(s)/ investments made by the Scheme(s) and/or income is distributed by a Mutual Fund being, an equity oriented investors and/ or income attributable to or distributions or other fund, the mutual fund shall be liable to pay additional income tax payments made to Unit holders are based on the understanding at the rate of 10% on income so distributed. of the prevailing tax legislations and are subject to adverse For the purpose of determining the additional tax payable, the amount interpretations adopted by the relevant authorities resulting in tax of distributed income be increased to such amount as would, after liability being imposed on Fund/Scheme(s)/ Unit holders/Trustee/AMC. reduction of additional tax from such increased amount, be equal to In view of the individual nature of the tax consequences, each investor the income distributed by the Mutual Fund. This will result in increase is advised to consult his/ her own professional tax advisor. The tax in effective dividend distribution tax rate. information contained in SAI alone is not sufficient and should not * plus surcharge at the rate of 12% and Health and Education Cess be used for the development or implementation of an investment at the rate of 4%. strategy or construed as investment advice. Investors alone shall be fully A money market mutual fund means a scheme of a mutual fund responsible/ liable for any decision taken on the basis of this document. which has been set up with the objective of investing exclusively in Neither the Mutual Fund nor the AMC nor any person connected with money market instruments as defined in the SEBI (Mutual Funds) it accepts any liability arising from the use of this information. Investors Regulations, 1996 and a liquid fund means a scheme or plan of a should study this SAI carefully in its entirety and should not construe the mutual fund which is classified by SEBI as a liquid fund in accordance contents as advice relating to taxation. Investors are advised to consult with the guidelines issued by it in this behalf under the SEBI Act, their tax, investment and other professional advisors to determine 1992 or regulations made thereunder. possible tax, financial or other considerations of subscribing to or The availability of credit for dividend distribution tax in the hands of redeeming Units, before making a decision to invest/ redeem Units. the non-resident investor, if any, would depend upon the tax laws As per the taxation laws in force and Chapter VII of the Finance (No. of the country of which he is a resident and/or the applicable tax 2) Act, 2004 pertaining to Securities Transaction Tax (STT), the tax treaty of such country with India. benefits/ consequences as applicable, to Fund in respect of its Mutual Securities Transaction Tax (STT) Fund schemes (being an equity oriented fund/ other than equity As per Chapter VII of the Finance (No. 2) Act, 2004 pertaining to oriented fund/ money market mutual fund/ liquid fund) and investors STT, STT shall be payable, wherever applicable, as follows: investing in the Units of its Mutual Fund Schemes [on the assumption that the units are not held as stock-in-trade] are stated as follows: Sr. Taxable Securities Transaction Rate Payable No. by 1. Tax Benefits/Consequences to the Mutual Fund 1. Purchase/ Sale of equity shares or 0.1 per Purchaser/ HDFC Mutual Fund (“Fund”) is a Mutual Fund registered with the units of business trust# cent Seller Securities & Exchange Board of India and hence the entire income 2. Purchase of units of equity oriented Nil Purchaser of the Mutual Fund will be exempt from income-tax in accordance mutual fund (delivery based) on with the provisions of Section 10(23D) of the Income tax Act, 1961 recognized stock exchange (the Act). 3. Sale of units of equity oriented 0.001 Seller The Mutual Fund will receive all income without any deduction of mutual fund (delivery based) on per cent tax at source under the provisions of Section 196(iv) of the Act. On recognized stock exchange income distribution, if any, made by the Mutual Fund, additional 4. Sale of equity shares, units of 0.025 Seller equity oriented mutual fund (non- per cent income-tax is payable under section 115R of the Act. delivery based) Explanation to section 112A defines “equity oriented fund” asunder— 5. (a) Sale of an option in securities 0.05 Seller (a) “equity oriented fund” means a fund set up under a scheme per cent of a mutual fund specified under clause (23D) of section 10 (b) Sale of an option in securities, 0.125 Purchaser and,— where option is exercised per cent (c) Sale of a futures in securities 0.010 Seller (i) in a case where the fund invests in the units of another per cent fund which is traded on a recognised stock exchange,— 6. Sale of a unit of an equity oriented 0.001 Seller (A) a minimum of ninety per cent of the total proceeds of fund to the Mutual Fund per cent such fund is invested in the units of such other fund; 7. Sale of unlisted equity shares 0.2 per Seller and under an offer for sale referred cent (B) such other fund also invests a minimum of ninety to in Section 97(13) (aa) under Chapter VII of the Finance (No. 2) per cent of its total proceeds in the equity shares of Act, 2004 domestic companies listed on a recognised stock 8. Sale of unlisted units of business 0.2 per Seller exchange; and trusts under an offer for sale cent (ii) in any other case, a minimum of sixty-five per cent of referred to in Section 97(13) (ab) the total proceeds of such fund is invested in the equity under Chapter VII of the Finance shares of domestic companies listed on a recognised stock (No. 2) Act, 2004 exchange. # Business Trust is defined as a trust registered as an Infrastructure Investment Trust or a Real Estate Investment Trust, the units of which are required to be listed on a recognized stock exchange, in accordance with regulations made under SEBI Act, 1992 and notified by the Central Government in this behalf

HDFC MF SAI - dated June 28, 2019 62 Rates of Surcharge of FMV) where sale consideration is higher than the indexed • In case of Corporate Assessees: COA. Where sale value is higher than the COA but not i. Where the taxable income exceeds Rs. 1 crore but higher than the indexed COA, the sale value is deemed less than Rs. 10 Crores- At the rate of 7% (Marginal as the COA. relief in surcharge, if applicable) This benefit is available in the following cases: ii. Where the taxable income exceeds Rs. 10 crore - At the rate of 12% (Marginal relief in surcharge, if 1) equity shares, not listed as on 31 January 2018 but applicable) listed on the date of transfer; and • In case of Non- Corporate Assessees: 2) equity shares listed on the date of transfer but acquired i. for individuals, HUF, association of persons, body of in consideration of shares not listed on 31 January individuals and artificial juridical person where the 2018 through tax neutral modes of transfer (e.g. taxable income exceeds Rs. 50 lakhs but does not amalgamation, demerger) exceed Rs. 1 crore, surcharge at 10% and where l Short Term Capital Gains the taxable income exceeds Rs. 1 crore surcharge at the rate of 15% on tax is applicable (Marginal In case the capital gain arising on transfer of the listed relief in surcharge, if applicable) shares or units mentioned above or a unit of a business ii. for firm, co-operative society and local authority at trust is a short-term capital gain, Section 111A provides the rate of 12% on tax where the taxable income that income-tax will be charged on such transaction at a exceeds Rs. 1 crore (Marginal relief in surcharge, if concessional rate of 15% (plus applicable surcharge and applicable) Health and Education cess if other conditions mentioned 2. Tax Benefits / Consequences to Unit holders above are fulfilled). i. Income-tax Further, short term capital gains arising on transaction All Unit holders undertaken on a recognized stock exchange located in any Income received, otherwise than on transfer, in respect of International Financial Services Centre and consideration units of a mutual fund would be exempt from tax under is paid or payable in foreign currency, where STT is not Section 10(35) of the Act. chargeable, will also be taxed at a rate of 15% (plus applicable surcharge and Health and Education cess). • Capital Gains Tax This benefit is available to all assessees. Note: Period of holding for short term capital asset Section 111A further states that, in the case of Resident in respect of units of equity oriented mutual fund Individuals and Hindu Undivided Families, whose total schemes is less than or equal to 12 months and in income (as reduced by such short-term capital gain) is case of other than equity oriented mutual fund units, below the basic exemption limit, then such short-term it is less than or equal to 36 months. A capital asset capital gains shall be reduced by the amount of basic other than a short term capital asset is considered exemption limit not exhausted by any other income and only as long term capital asset. balance short term capital gain will be taxed at 15%(plus long Term Capital Gains (LTCG) applicable surcharge and Health and Education cess). As per Finance Act, 2018, effective 1 April 2018, LTCG i) Foreign Institutional Investors / Foreign Portfolio exceeding one lakh arising on transfer of listed equity Investors Any securities held by Foreign Institutional shares in a company or units of equity oriented fund or Investors in accordance with SEBI Regulations, shall units of a business trust is taxable at 10 % (plus applicable be covered within the definition of the term ‘Capital surcharge and Health and Education cess) under section Asset’ under section 2(14) of the Act. 112A, provided such transfer is chargeable to STT. l lTCG, arising on sale of debt securities, debt oriented Further, to avail such concessional rate of tax, STT should units (other than units purchased in foreign currency also have been paid on acquisition, unless the listed and capital gains arising from transfer of such units by equity shares have been acquired through a mode as Offshore Funds referred to in section 115AB), held for a not requiring to fulfil the pre-condition of chargeability period of more than 36 months (in case of sales after 10 to STT1. July 2014) and unlisted shares of a company held for a period of more than 24 months, are taxable at the rate of The LTCG arising from the transfer of such securities shall 10% (plus applicable surcharge and Health and Education be calculated without indexation (inflation adjustment). cess) under Section 115AD of the Act. Such gains would In computing LTCG, the cost of acquisition (COA) is an be calculated without considering benefit of (i) indexation item of deduction from the sale consideration of the for the COA and (ii) determination for capital gain/loss in shares. To provide relief on gains already accrued upto foreign currency and reconversion of such gain/loss into 31 January 2018, a mechanism has been provided to the Indian currency. “step up” the COA of securities. Under this mechanism, COA is substituted with the “Fair Market Value (FMV]2 ”, l lTCG arising on sale of listed shares in the company or where sale consideration is higher than the FMV. Where units of equity oriented funds or units of business trust and sale value is higher than the COA but not higher than subject to conditions relating to payment of STT, are now the FMV, the sale value is deemed as the COA. taxable at 10% (plus applicable surcharge and Health and Education cess) under section 112A with effect from Specifically in case of LTCG arising on sale of shares 1 April, 2018. acquired originally as unlisted shares upto 31 January 2018, COA is substituted with the “indexed COA3”(instead

1The modes have been notified by the Central Board of Direct Taxes vide notification no. 60/2018 dated 1 October 2018, with effect from Assessment Year 2019-20. 2FMV is defined as: l the highest price quoted for the share/unit on 31 January 2018 on a “recognized stock exchange”, or l Net Asset Value of the unit as on 31 January 2018 where unit is not listed. 3Indexed cost of acquisition = Cost of acquisition *cost inflation index (CII) for FY 2017-18 CII of year of acquisition of the asset or FY 2001-02 whichever later

63 HDFC MF SAI - dated June 28, 2019 l Short-term capital gain from the sale of securities, subject b) lTCG arising on the transfer of capital asset, being unlisted to STT would be liable to tax at 15% (plus applicable securities or shares of a company not being a company surcharge and Health and Education cess) in accordance in which the public are substantially interested will be with Section 111A of the Act. chargeable to tax @ 10% (plus applicable surcharge and Health and Education cess) under section 112 without l Short-term capital gains arising on sale of securities, which Indexation and foreign currency fluctuation benefit. are not subject to STT, are taxable at 30% (plus applicable surcharge and Health and Education cess) under section c) lTCG arising on transfer of any other securities will be 115AD of the Act. chargeable to tax @ 20% (plus applicable surcharge and Health and Education cess) with indexation, where (ii) Capital Gains Tax for Offshore Funds applicable, or @10% without indexation (plus applicable l lTCG arising from transfer of the units of Mutual Fund surcharge and Health and Education cess) under section purchased by the Offshore Funds (Overseas Financial 112. Organizations) in foreign currency would be taxed at the d) Short-term capital gains, arising from the sale of securities rate of 10% (plus applicable surcharge and Health and subject to STT, would be liable to tax at 15% (plus applicable Education cess) under section 115AB of the Act. Such surcharge and Health and Education cess), in accordance gains would be calculated without considering benefit of with Section 111A of the Act. indexation on COA. Short-term capital gains arising from transfer of other l Short-term capital gains arising from transfer of the units securities by the NRI is taxable as part of total income at by the Offshore Funds are taxable as part of total income normal rates. at normal rates. (iv) Capital Gains Tax for Other Investors. (iii) Capital Gains Tax for Non-Resident Indians (NRIs) l lTCG on sale of listed shares in a company, units of equity NRIs are permitted to opt to be governed either by the oriented fund and units of business trust and subject to general provisions of the Act or the special provisions of conditions relating to payment of STT is taxable at 10 % the Act contained in Chapter XII-A (plus applicable surcharge and Health and Education cess) If NRIs are governed by the special provisions of the Act, under section 112A, with effect from 1 April 2018. then under section 115E of the Act, l For non-resident investors, LTCG on transfer of unlisted (a) The LTCG on asset other than specified assets is taxable @ securities or shares of a company not being a company in 20% (plus applicable surcharge and Health and Education which public are substantially interested will be taxable @ cess). Such LTCG will be calculated without indexation of 10% (plus applicable surcharge and Health and Education the COA. cess) under section 112. (b) The LTCG on specified assets is taxable @ 10%(plus l lTCG on transfer of listed securities (other than unit) and applicable surcharge and Health and Education cess). zero coupon bond is chargeable to tax at 20% on LTCG after taking indexation benefit or at 10% on LTCG without As per Section 115F of the Act, LTCG arising to a NRI on taking indexation benefit, whichever is beneficial. This transfer of a foreign exchange asset is exempt from tax if tax liability is to be further increased by the applicable the net consideration from such transfer is invested in the surcharge and Health and Education cess. specified assets or savings certificates within six months from the date of such transfer, subject to the extent and l lTCG arising from transfer of any other securities would conditions specified in that section. be taxed at the rate of 20% (plus applicable surcharge and Health and Education cess). “Foreign exchange asset” means any specified asset which the assessee has acquired or purchased with, or subscribed l Short-term capital gain from the sale of securities, subject to in, convertible foreign exchange. to STT, would be liable to tax at 15% (plus applicable surcharge and Health and Education cess) in accordance “Specified asset” particularly include the following assets: with Section 111A of the Act. a) shares in an Indian company; Short-term capital gains arising on sale of Securities, which b) debentures issued by an Indian public company; are not subject to STT, are taxed as part of total income at applicable rate of income-tax (plus applicable surcharge c) deposits with an Indian public company; and Health and Education cess). d) any security of the Central Government as defined in l In case of resident individuals and Hindu Undivided section 2(2) of the Public Debt Act, 1944 (18 of 1944) ; Families, where taxable income (as reduced by short/ long-term capital gains) is below the basic exemption l As per Section 115G of the Act, where the total income limit, only the excess of the aggregate income over the of a NRI consists only of investment income / LTCG or maximum amount not chargeable to tax, will be subject both and tax thereon has been deducted at source in to income-tax. This benefit is not available to the NRIs, accordance with the provisions of the Act, the NRI is not availing benefit of special provisions under Chapter XII-A. required to file a return of income. l Deductions under Chapter VI-A of the Act cannot be l If the NRIs are governed under the general provisions of claimed against the short-term capital gains and long- term the Act, then: capital gains, covered under section 111A or section 112 a) lTCG on sale of listed shares in a company, units of equity or section 112A of the Act. oriented fund and units of business trust and subject to l The Finance Act, 2017 has inserted a new section 50CA condition on payment of STT is taxable at 10 % (plus to provide that where consideration received or accrued applicable surcharge and Health and Education cess) on transfer of shares other than quoted shares is less than under section 112A, with effect from 1 April, 2018. The FMV, then such FMV shall be considered as full value of relief mentioned in point B(I) shall be available to NRIs. consideration for computation of capital gains.

1CBDT vide notification no. F. No. 370149/20/2018-TPL dated February 4, 2018, issued FAQs to address several queries raised on various issues relating to the proposed new tax regime for taxation of long-term capital gains.

HDFC MF SAI - dated June 28, 2019 64 l The following amounts would be deductible, from the full General Anti Avoidance Rule (‘GAAR’) is an anti-tax value of consideration, to arrive at the amount of capital avoidance Rule which is applicable w.e.f. April 1, 2017. The gains: objective of GAAR is to deny tax benefits to an arrangement which has been entered into with the main purpose of - COA of units / shares as adjusted by Cost Inflation Index obtaining tax benefits and which lacks commercial substance notified by the Central Government, where applicable, or creates rights and obligations which are not at arm’s and length principle or results in misuse of tax law provisions or is - expenditure incurred wholly and exclusively in connection carried out by means or in a manner which are not ordinarily with the transfer of units / shares. employed for bona fide purposes. The over-arching principle of GAAR provisions is “substance over form”. l The Finance Act, 2017 has amended section 55 to provide that for COA of an asset acquired before 01/04/2001, • Tax Consequences upon Merger I consolidation of the assessee has an option of either taking the actual cost Schemes / Plans: or FMV of said asset. All Unit holders In case of a domestic company, the rate of income tax shall Transfer of units, being held as ‘Capital assets’ as defined be 25% (plus applicable surcharge and Health and Education under the Income-tax Act, 1961, upon consolidation of Cess) if total turnover or gross receipts of the previous year two or more schemes of equity oriented fund or two or 2016-17 does not exceed Rs. 250 crores. more schemes of a fund other than equity oriented fund or upon consolidation of plans within a mutual fund scheme Exemption of capital gain from income tax in accordance with SEBI (Mutual Funds) Regulations, 1996 As per the provisions of section 54EE of the Act and is exempt from capital gains. subject to the conditions and investment limits specified therein, capital gains arising on transfer of a long- The cost of acquisition of units in the consolidated plan / term capital asset shall not be chargeable to tax to scheme shall be the cost of units in consolidating plan / the extent such capital gains are invested in long term scheme of mutual fund and period of holding of the units specified asset (units of a specified fund as may be of consolidated plan / scheme shall include the period of notified by central government) within six months from holding for which the units in consolidating plan / scheme the date of transfer. The benefit is available in respect of mutual fund were held. of investment made during the financial year and in the • Tax Deduction at Source subsequent financial year to the extent of fifty lakh rupees. All Unit holders • As per the provisions of Section 54F of the Act and subject to the conditions specified therein, in the case of No income-tax is deductible at source from income by way an individual or a HUF, capital gains arising on transfer of capital gains under the present provisions of the Act in of a long term capital asset (not being a residential case of residents. However, the provisions of section 195 house) are not chargeable to tax if the entire net of the Act may apply to non-residents (other than Foreign consideration received on such transfer is invested within Institutional Investors). the prescribed period in a residential house. If part of Accordingly income tax may have to be deducted at such net consideration is invested within the prescribed source in the case of a non- resident (other than foreign period in a residential house, then such gains would companies) at the rate of 15% (plus applicable surcharge not be chargeable to tax on a proportionate basis. For and Health and education Cess) on short-term capital this purpose, net consideration means full value of the gains referred to in section 111A and at the rate of 30% consideration received or accruing as a result of the transfer (plus applicable surcharge and Health and education of the capital asset as reduced by any expenditure incurred Cess) in case of short-term capital gains (other than under wholly and exclusively in connection with such transfer. section 111A), unless a lower withholding tax certificate is All Unit holders obtained from the tax authorities, and at the rate of 10% (plus applicable surcharge and Health and education Cess) Under the provisions of Section 94(7) of the Act, loss in case of long-term capital gains referred to in Section arising on sale of Units, which are bought within 3 112(1)(c)(iii) and at the rate of 10% (plus applicable months prior to the record date (i.e. the date fixed by surcharge and Health and education Cess) on income the Mutual Fund for the purposes of entitlement of the by way of long- term capital gains (exceeding Rs. 1lac) Unit holders to receive income or additional units without referred to in section 112A of the Act and at the rate of any consideration, as the case may be) and sold within 20% (plus applicable surcharge and Health and education 9 months after the record date, shall be ignored for the Cess) in case of other long-term capital gains, unless a purpose of computing income chargeable to tax to the extent lower withholding tax certificate is obtained from the tax of exempt income received or receivable on such Units. authorities. Under the provisions of Section 94(8) of the Act, where In the case of foreign companies the rate of tax to be any person purchases units (‘original units’) within a deducted at source on short-term capital gains referred period of 3 months prior to the record date, who is to in section 111A would be 15% (plus applicable allotted additional units without any payment and sells all surcharge and Health and Education Cess) and at the or any of the original units within a period of 9 months rate of 40% (plus applicable surcharge and Health and after the record date, while continuing to hold all or any Education Cess) in case of short-term capital gains (other of the additional units, then any loss arising on sale of than under section 111A), unless a lower withholding tax the original units shall be ignored for the purpose of certificate is obtained from the tax authorities, and at the computing income chargeable to tax. The amount of loss rate of 10% (plus applicable surcharge and Health and so ignored shall be deemed to be the cost of purchase of Education Cess) in case of long-term capital gains referred the additional units as are held on the date of such sale. to in Section 112(1)(c)(iii) and at the rate of 10% (plus

65 HDFC MF SAI - dated June 28, 2019 applicable surcharge and Health and education Cess) on with Form No. 10F will be necessary for granting Tax Treaty income by way of long-term capital gains (exceeding Rs. benefits to non-residents. A taxpayer claiming Tax Treaty benefit 1 lac) referred to in section 112A of the Act and at the shall furnish a TRC of his residence obtained by him from the rate of 20% (plus applicable surcharge and Health and Government of that country or specified territory. Further, in Education Cess) in case of other long-term capital gains, addition to the TRC, the non-resident shall also provide such unless a lower withholding tax certificate is obtained from other documents and information subsequently, as may be the tax authorities. prescribed by the Indian Tax Authorities. Further as per section 195(7) of the Act, an application may be required to be made Where tax is deductible under the Act, and the deductee to the tax authorities to determine the withholding tax rate, if has not furnished a Permanent Account Number (PAN) transfer/redemption/buyback of Units are covered within the to the deductor, tax should be deducted at source at the list of specified transactions, such list being yet not specified. highest of the following rates: Further, the provisions of Section 195 and/or Section 197 of • At the rate specified in the Act the Act would need to be complied and also documents will have to be furnished by the non-resident investor in this regard. • At the rates in force The above Statement of Possible Direct Tax Benefits/ • At the rate of 20% (plus applicable surcharge and Consequences sets out the provisions of law in a summary Health and Education Cess) manner only and is not a complete analysis or listing of all With effect from June 24, 2016, relaxation is provided potential tax consequences of the purchase, ownership and to non-residents from deduction of tax at higher rate disposal of mutual fund units. The statements made above of 20% in the absence of PAN in respect of specified are based on the tax laws in force (including the amendments payments subject to them providing specified information made by the Finance (No. 2) Act, 2014), Chapter VII of the and documents (like Tax Residency Certificate (“TRC”), Tax Finance (No. 2) Act, 2004 pertaining to Securities Transaction Identification Number (“TIN”), etc.) Tax, and as interpreted by the relevant taxation authorities as of date. Investors/Unit holders are advised to consult their tax • Gift of Units advisors with respect to the tax consequences of the purchase, Section 56(2)(x)of the Act provides that any receipt of sum ownership and disposal of mutual fund units. of money and/or property (exceeding INR 50,000) by all B. LEGAL INFORMATION assesses would be taxable as income from other sources. The term ‘property’ includes shares and securities. Units  Nomination Facility of a mutual fund could fall within the purview of the In terms of Regulation 29A of the SEBI (Mutual Funds) Regulations, term “securities”. As per the Act, “property” would refer the Unitholders have an option for making nomination and to capital assets only. such nomination shall be subject to Personal laws applicable to the Unitholders. The AMC provides an option to the investor(s)/ • Clubbing of income Unit holder(s) to nominate (in the manner prescribed under Subject to the provisions of section 64(1A) of the Act, the SEBI (Mutual Funds) Regulations, 1996) in whom the Units taxable income accruing or arising in the case of a minor shall vest in the event of the death of the Unitholder(s) subject child shall be included in the income of the parent whose to the satisfactory completion of certain necessary formalities total income is greater or where the marriage of the as may be prescribed by the AMC. Through this facility the parents does not subsist, in the income of that parent who AMC is not in any way attempting to grant any rights other maintains the minor child. An exemption under section than those granted by law to the nominee(s). A nomination 10(32) of the Act, is granted to the parent in whose hand in respect of the Units does not create any title or beneficial the income is included upto Rs. 1,500/- per minor child. interest in the property after the death of the Unit holder. The When the child attains majority, the tax liability will be on nominee(s) shall receive the Units only as an agent/ trustee for the child. the legal heirs or legatees of the deceased Unitholder as the case may be. Transmission of Units in favour of the nominee(s) • Deduction under section 80C shall be a valid discharge by the AMC/Mutual Fund of its As per section 80C, , an individual/ HUF is entitled to a liability towards the estate of the deceased Unit holder(s) and deduction from Gross Total Income upto Rs. 1.50 lac (along his/her/their successors/legal heirs. It is however clarified that with other prescribed investments) for amounts invested in the Mutual Fund/AMC will not be bound to transmit the Units any units of a mutual fund referred to in section 10(23D) in favour of the nominee if it becomes aware of any dispute of the Act, under any plan formulated in accordance with in relation to the nominee’s entitlement to the Units. In the such scheme as the Central Government may notify. event the Mutual fund/AMC/Trustee incurs or suffers any claim, demand, liabilities, proceedings or actions are filed or OTHER BENEFITS initiated against any of them in respect of or in connection with Investments in Units of the Mutual Fund will rank as an eligible the nomination, the Mutual fund/AMC/ Trust shall be entitled form of investment under Section 11(5) of the Act read with to be indemnified absolutely for any loss, expenses, costs and Rule 17C of the Income-tax Rules, 1962, for Religious and charges that any of them may suffer or incur. Charitable Trusts. Nomination Form shall be required for all folios held in the TAX TREATY BENEFITS name of single individual investors. Provided that, if any single A non-resident investor has an option to be governed by individual investor does not wish to nominate, such investor the provisions of the Act or the provisions of a Tax Treaty shall be required to confirm the same at the time of making that India has entered into with another country of which the an application. Where the Units are held jointly, the joint Unit non- resident investor is a tax resident, whichever is more holders are required to jointly nominate one or more persons beneficial to the non- resident investor. As per the provisions (not exceeding three) in whom the Units shall vest in the event of the Act, submission of tax residency certificate (“TRC”) along of death of all the joint Unitholders. Unitholders can, by filing

HDFC MF SAI - dated June 28, 2019 66 fresh nomination form, make a fresh nomination which will and the Mutual Fund / AMC shall not be under any supersede all existing nominations in the folio. In case of joint obligation to transmit the Units in favour of the nominee(s). Unitholders, request for nomination/cancellation of nomination, For Units held in Electronic (Demat) Mode (whether the mode of holding is ‘joint’ or ‘either or survivor’) all the Unitholders as mentioned in the initial application form For units of the Scheme(s) held in electronic (demat) form with are required to sign such request. the Depository, the nomination details provided by the Unit holder to the Depository will be applicable to the Units of the Non individual Unitholder(s)/investors including society, trust Scheme. Such nomination including any variation, cancellation (other than a religious or charitable trust), body corporate, or substitution of Nominee(s) shall be governed by the rules company, AOP, BOI, bank, FPI, partnership firm, Karta of Hindu and bye-laws of the Depository. Undivided Family, holder of Power of Attorney cannot nominate. A nomination cannot be made in favour of a trust (save and For HDFC Children’s Gift Fund except a religious or charitable trust), society, body corporate, In case of HDFC Children’s Gift Fund, the above stated partnership firm, Karta of Hindu Undivided Family or a Power provisions of Nomination facility are applicable only upon of Attorney holder. A nomination may be made in favour of a minor Unit holder attaining Majority. non-resident Indian/person or Indian origin/overseas citizen of After The Unit Holder Attains Majority India subject to the compliance by the Unitholder/investor of the applicable laws including the rules and regulations prescribed Anytime after the minor Unitholder attains majority, the Unit under the Foreign Exchange Management Act, 1999, as may holder can write to the ISC requesting for a Nomination Form. be applicable and in force from time to time. for the purpose of registering a nominee in accordance with the provisions stated hereinabove. Minor(s) can be nominated and in such cases, the name, address and signature of the natural parent/legal guardian  Prevention of Money Laundering representing such minor nominee(s) shall be provided by the Prevention of Money Laundering Act, 2002 (hereinafter Unit holder. Nomination can also be made in favour of the referred to as “PML Act”) came into effect from July 1, 2005 Central Government, State Government, local authority, any vide Notification No. GSR 436(E) dated July 1, 2005 issued person designated by virtue of his office or a religious or by Department of Revenue, Ministry of Finance, Government charitable trust. of India. SEBI vide Circular No. CIR/ISD/AML/3/2010 dated December 31, 2010 issued a ‘Master Circular on Anti Money The following terms and conditions have to be complied with Laundering (AML) Standards/ Combating the Financing of by the Unitholder/investor who wishes to nominate a person Terrorism (CFT)/Obligations of Securities Market Intermediaries in whom the Units shall vest in the event of death of the under the Prevention of Money Laundering Act, 2002’ Unitholder(s): consolidating all the requirements/instructions/obligations of Securities Market Intermediaries issued under the various circulars (i) Nomination by a Unit holder shall be applicable for all the issued by SEBI with regard to AML/CFT till January 31, 2010, investments in all schemes held under a particular folio i.e whereby all intermediaries are advised to take necessary steps to if nomination is registered at the Folio level, then it will ensure compliance with the requirement of the PML Act inter-alia be applicable for all investments in all Schemes under the for the maintenance and preservation of records and reporting said Folio. of information relating to cash and suspicious transactions to Financial Intelligence Unit-India (FIU-IND), New Delhi. (ii) In case a folio has joint holders, all joint holders should sign the request for nomination/cancellation of nomination, The investor(s) should ensure that the amount invested in the even if the mode of holding is ‘either or survivor’. schemes of HDFC Mutual Fund is through legitimate sources only and does not involve and is not designated for the purpose (iii) Every new nomination for a folio will supersede all the of any contravention or evasion of the provisions of the Income existing nomination. Tax Act, Prevention of Money Laundering Act, Prevention of Corruption Act and / or any other laws in force in India from (iv) Nomination is not permissible for a folio held on behalf time to time or any rules, regulations, notifications or directions of a minor Unitholder. issued thereunder. (v) Nomination can be made for maximum of three nominees. To ensure appropriate identification of the investor(s)/ In case of multiple nominations under the same folio, the Unitholder(s) under the KYC policy and with a view to monitor Unitholder(s) must clearly and unambiguously specify the transactions for the prevention of money laundering, HDFC exact share of each of the nominees as a percentage of Asset Management Company Limited (“the AMC”) / HDFC the Units held by the Unitholder(s) making a total of 100%. Mutual Fund (“the Mutual Fund”) reserves the right to seek information, record investor’s/Unitholder’s telephonic calls In absence of such clear and unambiguous indication by and / or obtain and retain documentation for establishing the the Unitholder regarding the exact share of each of the identity of the investor/Unitholder, their beneficial owner(s), nominees, it will be assumed that the Unitholder(s) has proof of residence, source of funds, etc. It may re-verify identity opted for the Default Option where the Units to be allocated and obtain any incomplete or additional information for this equally among all the nominees and settled accordingly. purpose as the case may be. (vi) In case of multiple nominees, on the death of one or more The investor(s)/Unitholder(s) shall provide such documents to nominee, the transmission of units shall be made in favour the satisfaction of the AMC as may be required from time of the remaining nominee(s). to time for the verification/identification of the investor(s)/ Unitholder(s)/any transaction by the AMC/Mutual Fund. If (vii)Cancellation of nomination registered with the AMC /Mutual the investor(s)/Unitholder(s) refuses / fails to provide to the Fund can be made only by those Unitholder(s) who hold AMC, the required documents/ information within the period Units on their own behalf either singly or jointly and who specified, the AMC, shall have the sole and absolute discretion had made the original nomination. On cancellation of to freeze the folio(s) of the investor(s)/Unitholder(s), reject any existing nomination, the nomination shall stand rescinded application(s) / allotment of units and report the details of such investor/Unitholder/transaction to appropriate authority.

67 HDFC MF SAI - dated June 28, 2019 The Mutual Fund, AMC, HDFC Trustee Company Limited and the ‘Ultimate Beneficial Ownership’ declaration form is its Directors, employees and agents shall not be liable in any required to be submitted to HDFC AMC/its RTA. manner for any claims arising whatsoever on account of such freezing of folio(s) / rejection of any application / allotment (* Original to be shown for verification and immediate of units and/or reporting the same to appropriate authorities. return.) 3. In case of any change in the beneficial ownership, the  Litigations investor should immediately intimate HDFC AMC / its The AMC shall freeze/lock the folio(s) of investor(s)/Unitholder(s) Registrar / KRA, as may be applicable, about such changes. for further transactions or reject any applications for subscription or redemption of units pursuant to receipt of instructions/ II. Identification Process: directions/orders issued by any Governmental, judicial, quasi- (A) For Investors other than Individuals or Trusts: judicial or other similar authority (“Authority”), including orders restricting the investor(s)/Unitholder(s) from dealing in securities (i) If the investor is an unlisted company, partnership firm or for attachment of units held by the investor(s)/Unitholder(s). or unincorporated association / body of individuals, the beneficial owners are the natural person/s who is/ Additionally, the AMC shall be entitled to freeze/lock the folio(s) are acting alone or together, or through one or more of investor(s)/Unitholder(s) for further transactions or reject any juridical person and exercising control through ownership applications for subscription or redemption of units at its sole or who ultimately has a controlling ownership interest. and absolute discretion upon the AMC becoming aware of initiation of any investigation/action/litigation relating to the (ii) Controlling ownership interest means ownership of / investments or transactions of the Unitholder by any Authority, entitlement to: upon receipt of any complaints for fraud, or upon commencement of any disputes /litigations among unitholders/nominees/legal a) more than 25% of shares or capital or profits of heir/ other claimants to the units relating to the investments the juridical person, where juridical person is a or transactions of the Unitholder, including disputes/litigations company. where AMC has been impleaded as a party. b) more than 15% of the capital or profits of the The freeze/lock/rejection/restriction so imposed by the AMC juridical person, where the juridical person is a as hereinabove mentioned may continue till receipt of a partnership firm; or specific written instruction/direction/order from such Authority c) more than 15% of the property or capital or profits authorizing the removal of such freeze/rejection/restriction and/ of the juridical person, where the juridical person is or completion of the investigation by AMC as the case may be. an unincorporated association or body of individuals. It is hereby clarified that the AMC/Mutual Fund shall not be (iii) In cases, where there exists doubt as to whether the liable for any loss or damage suffered by Unitholder, either person with the controlling ownership interest is the directly or indirectly, on account of such freeze/lock/rejection/ beneficial owner or where no natural person exerts control rejection as the case may be. through ownership interests, the identity details should be provided of the natural person who is exercising  Ultimate Beneficial Owner(s) (UBO(s)) control over the juridical person through other means As a part of Client Due Diligence (CDD) Process under PML Act (i.e. control exercised through voting rights, agreement, 2002 read with PML Rules, 2005 each of the SEBI registered arrangements or in any other manner). intermediary, which inter-alia includes Mutual Funds, is required to obtain sufficient information from their clients in order to (iv) In case no natural person is identified under any of identify and verify the identity of persons who beneficially the above criteria, the person who holds the position own or control the securities account. Providing information of senior managing official shall be provided. about beneficial ownership is mandatory for all categories of (B) For Investor which is a Trust: investors except (i) Individuals and (ii) a Company, which is listed on a stock exchange or is a majority owned subsidiary In case of a Trust, the settler of the trust, the trustee, the of such a Company. protector and the beneficiaries with 15% or more interest in the trust or any other natural person exercising ultimate Further, pursuant to SEBI Master Circular No. CIR/ISD/ effective control over the trust through a chain of control AML/3/2010 dated December 31, 2010 on Anti Money or ownership shall be considered as beneficial owner. Laundering Standards and Guidelines on identification of Beneficial Ownership issued by SEBI vide its Circular No. (C) For Foreign Investors: CIR/MIRSD/2/2013 dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate The Know Your Client requirements in case of foreign Beneficial Owner(s) (“UBO(s)”) and submit proof of identity investors viz. Foreign Portfolio Investor (FPI), Sub accounts (viz. PAN with photograph or any other acceptable proof of and Qualified Foreign Investors (QFIs) as specified in SEBI identity prescribed in common KYC form) of UBO(s). Circular No. CIR/MIRSD/11/2012 dated September 5, 2012 shall be considered for the purpose of identification In order to comply with the above Act/Rules/Regulations & of beneficial ownership of the investor. Guidelines, the following CDD process is being implemented by HDFC Mutual Fund. For collection of information/documentation from investors/ Unitholders, SEBI has prescribed uniform Know Your Client (KYC) I. Applicability: requirements vide Circular No(s). CIR/MIRSD/16/2011 dated August 22, 2011 and MIRSD/SE/Cir-21/2011 dated October 1. Providing information about beneficial ownership will be 5, 2011 to be used by the concerned registered intermediaries. applicable to the subscriptions received from all categories Further, the intermediaries are also advised vide SEBI Circular of investors except Individuals and a Company listed on a No. CIR/MIRSD/ 07 /2013 dated September 12, 2013 read stock exchange or is a majority owned subsidiary of such with the guidance on KYC requirements issued by SEBI to a Company. follow a risk based approach towards KYC requirements of 2. Proof of Identity of the UBO such as Name/s, Address & Eligible Foreign Investors (EFI)/Foreign Portfolio Investors (FPIs) PAN/Passport together with self attested copy* alongwith by classifying them into Category I, II and III. Further, SEBI vide

HDFC MF SAI - dated June 28, 2019 68 circular dated April 10, 2018, (a) reviewed and specified the STP, Flexindex/Swing STP Plan, Dividend Transfer Plan changes in requirements for identification and verification of (DTP), etc.; irrespective of the amount of investment to Beneficial Owners and (b) reviewed the KYC requirements for be KYC Compliant. FPIs and provided certain clarifications on their documentation requirements. Investors should quote the valid KYC Compliance Status and attach proof of KYC Compliance viz. KYC Acknowledgement SEBI has also notified the SEBI KYC Registration Agency (KRA) Letter/Printout of KYC Compliance Status downloaded from Regulations, 2011 and have issued guidelines under these the website www.cvlindia.com/www.cvlkra.com using the PAN. regulations from time to time. Further, it is also mandatory for the Third Party** to quote the For more details on ‘Ultimate Beneficial Owners (UBO(s))’ KYC Compliance Status and attach proof of KYC Compliance. investors may log on to ‘Investor Corner’ Section on our website www.hdfcfund.com **Third Party means any person making payment towards subscription of units in the name of the Beneficial Investor.  Know Your Customer (KYC) Compliance In terms of the PML Act, 2002, the Rules issued there under In the event of non compliance of KYC requirements, the and the guidelines/circulars issued by SEBI regarding the Anti Trustee / AMC reserves the right to freeze the folio of the Money Laundering (AML Laws), all intermediaries, including investor(s) and affect mandatory redemption of unit holdings Mutual Funds, have to formulate and implement a client of the investors at the applicable NAV, subject to payment of identification programme, verify and maintain the record of exit load, if any. identity and address(es) of investors. All investors (both individual and non-individual) can apply for In order to bring about uniformity in the Know Your Customer KYC compliance. However, applicants should note that minors (KYC) process in the securities market, Common KYC Application cannot apply for KYC compliance and any investment in the form and supporting documents shall be used by all SEBI name of minors should be through a Guardian, who should registered intermediaries viz. intermediaries viz. Mutual Funds, be KYC compliant for the purpose of investing with a Mutual Portfolio Managers, Depository Participants, Stock Brokers, Venture Capital Funds, Collective Investors Schemes, etc. Further, Fund. Also, applicants / unit holders intending to apply for to avoid duplication of KYC process across SEBI registered units / currently holding units and operating their Mutual Fund intermediaries, a mechanism for centralization of the KYC folios through a Power of Attorney (PoA) must ensure that the records in the securities market has been developed. issuer of the PoA and the holder of the PoA must mention their KYC compliance status at the time of investment. PoA holders Accordingly, we will be performing the initial KYC of our clients are not permitted to apply for KYC compliance on behalf of and upload the details on the system of the KYC Registration the issuer of the PoA. Separate procedures are prescribed for Agency (KRA). The data from the KRA shall be checked change in name, address and other KYC related details, should and passed onto the Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) for generation of the applicant desire to change such information. the KYC Identification number (KIN) of the investor. The KYC For applicants who subscribe to the Units through Stock Exchange details of the client can be accessed by other intermediaries facility as detailed on Page 53, the KYC performed by the by accessing the KRA system. As a result, once the client has Depository Participant of the applicants will be considered as done KYC with a SEBI registered intermediary, he need not KYC verification done by the Trustee / AMC. undergo the same process again with another intermediary. For regulating KRAs, SEBI has formulated the KYC Registration Units held in Electronic (Demat) mode Agency (KRA) Regulations, 2011 which covers the registration For units held in demat form, the KYC performed by the of KRAs, functions and responsibilities of the KRAs and Depository Participant of the applicants will be considered as intermediaries, code of conduct, data security, etc. KYC verification done by the Trustee / AMC. In-Person’ Verification (IPV) of clients has been made mandatory for all SEBI registered intermediaries. Asset Management  Transfer and Transmission Facility Companies (AMCs) and the distributors who comply with the The units of the Schemes are not transferable unless the Units certification process of National Institute of Securities Market are held in electronic form (demat). In case of Schemes that are (NISM) or Association of Mutual Funds (AMFI) and have not listed on a recognized stock exchange, as the Mutual Fund undergone the process of ‘Know Your Distributor (KYD)’ can will be repurchasing (subject to completion of Lock-in Period) perform the IPV for mutual fund investors. However, where and issuing units on an ongoing basis, the transfer facility is applications are received by the mutual funds directly from the redundant. Since, any addition / deletion of name(s) from a clients (i.e. not through any distributor), the IPV performed by the folio is deemed as transfer of Units (except in case of HDFC scheduled commercial banks can be relied on. The IPV carried Children’s Gift Fund wherein the Unit holder after attaining out by any SEBI registered intermediary can be relied upon. majority is entitled to introduce upto two additional persons as For details regarding ‘How to apply for KYC?‘ and ‘Who are joint holders), additions / deletions of names are not allowed required to be KYC compliant?‘ please refer Page 53-54. in any folio(s) of any Scheme offered by the Mutual Fund. Since PAN is not mandatory for (a) Investment (including SIP) However, if a transferee becomes the holder of the Units by upto Rs. 50,000 per year per investor and (b) Investments operation of law, upon the enforcement of a pledge, or by from Investors residing in state of Sikkim, KYC through CVL virtue of a Gift by the Unitholder, the AMC shall, subject to will not apply. In such cases, KYC will be performed by the the production of such evidence and documents, which, in its AMC/R&TA directly. opinion is sufficient, proceed to effect the transfer, if the intended Units held in physical (non-demat) form transferee is eligible to hold the Units. An individual becoming Investors should note that it is mandatory for all subscription(s) viz.- entitled to Units in consequence of death or insolvency of the (i) Purchases; sole Unitholder or survivors of joint holders, upon producing evidence to the satisfaction of the Mutual Fund/AMC, shall be (ii) Switches; registered as Unitholder. (iii) registrations for Systematic Investments viz. Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Flex On death of the single or all the Unitholder(s), Units can be transmitted in favour of the registered nominee or the legal heirs,

69 HDFC MF SAI - dated June 28, 2019 as the case may be, after completion of necessary formalities asset value of the scheme, are disclosed to the Unit holders to the satisfaction of the AMC/Trustee. All restrictions and and a copy of the same has been filed with SEBI. Provided limitations specified herein including those relating to lock-in further, that such roll over will be permitted only in case period and lien/pledge will be binding also on the legal heirs, of those Unit holders who express their consent in writing and the Unit holders who do not opt for the roll over and/ successors, pledgees of the Unitholder(s). or have not given their written consent shall be allowed to Units held in Electronic (Demat) Mode redeem their unitholdings in full at net asset value based price. A closed-ended Scheme/ Plan shall be wound up For units of the Scheme(s) held in electronic (demat) form, the on the expiry of duration fixed for such Scheme/ Plan on Units will be transferable (except for units of HDFC Long Term the redemption of the Units unless it is rolled over for a Advantage Fund and HDFC TaxSaver held under lock-in shall further period under sub-regulation (4) of Regulation 33. not be transferable until completion of lock-in period) and will In terms of SEBI (MF) Regulations, the Scheme may be be subject to transmission in terms of the rules and byelaws wound up as provided in (B) below. of the Depository and in accordance with the provisions of (ii) Open - Ended / Interval Scheme(s)- An Open-ended / SEBI (Depositories and Participants) Regulations, 1996, as may Interval Scheme has a perpetual life. However in terms be amended from time to time. The instructions for transfer/ of SEBI (MF) Regulations, the Scheme(s) may be wound transmission of units will have to be lodged with the DP in the up as provided in (B) below. requisite form along with the requisite documents as may be (iii) Close - Ended Scheme(s) with automatic conversion into required from time to time and transfer/transmission will be Open-Ended Scheme upon Maturity- Such Scheme(s) will effected in accordance with such rules/regulations as may be remain close- ended for the period mentioned in the in force governing transfer of securities in dematerialized form. SID and subsequently the Scheme will automatically be converted into an open ended scheme without any further  Gift Facility reference from the Mutual Fund/ Trustee/ AMC/ Unit The Unit holder can, at any time after the allotment of Units, holders. Thereafter, the duration of the Scheme would write to the ISC, requesting for a Gift Form to gift his/her Units be perpetual. However in terms of SEBI (MF) Regulations, by way of a transfer of Units to the extent permitted under the Scheme may be wound up as provided in (B) below. the SEBI (Mutual Funds) Regulations, 1996 / applicable law(s) to a person eligible to be an investor as per the terms of the (B) Winding Up SID. The Mutual Fund may arrange to transfer the Units in (i) A scheme of the Mutual Fund may be wound up, after accordance with the terms of the Gift Deed executed by the repaying the amount due to the Unit holders, - donor Unit holder out of his / her Unit balance in accordance with applicable law(s) and subject to the compliance with such (a) on the happening of any event which, in the opinion of documentary requirements by the donor Unitholder to the the Trustees, requires the scheme to be wound up; or satisfaction of the Mutual Fund/AMC if the donee is otherwise (b) if seventy five per cent of the Unit holders of a scheme eligible to hold units of mutual funds. Gift in favour of a pass a resolution that the scheme be wound up; or NRI/PIO/OCI/QFI will be subject to permission, general or specific, as per the applicable laws under the Foreign Exchange (c) if SEBI so directs in the interest of the Unit holders. Management Act, 1999. The transfer of unitholdings to the Further in case of non-fulfillment of SEBI Circular SEBI/ donee in accordance with the terms of the Gift Deed and a IMD/CIR No. 10/22701/03 dated December 12, 2003 receipt thereof shall be a valid discharge of the AMC/Mutual relating to Minimum Number of Investors in Scheme(s)/ Fund of its obligations towards the donor Unitholder. The Plans of Mutual Funds the provisions of Regulation 39(2) donor Unit holder agrees to be liable/responsible for any loss (c) of SEBI (Mutual Funds) Regulations, 1996 would that may result from a transfer of units thereof made in good become applicable automatically without any reference faith by the AMC/ Mutual Fund at the request of the Donor form SEBI. Accordingly, the scheme(s) shall be wound Unitholder/s. The facility of gifting of Units is not permitted if up by following the guidelines laid down by SEBI. Please the Units are held in electronic/demat mode. refer to the Scheme Information Document of respective scheme(s) for more details.  Duration Of The Scheme And Winding Up (A) Duration of the Scheme: (ii) Where a Scheme is to be wound up pursuant to sub clause (i) above, the Trustees shall give notice of the circumstances (i) Close - Ended Scheme(s) leading to the winding up of the Scheme: each closed-ended Scheme/ Plan will have a Maturity (a) to SEBI; and Date / Final Redemption Date and will be compulsorily and without any act by the Unit holder(s) redeemed on (b) in two daily newspapers having circulation all over the Maturity Date / Final Redemption Date. On Maturity / India and also in a vernacular newspaper circulating Final Redemption Date of the Scheme/ Plan, the units will at the place where the Mutual Fund is established. be redeemed at the applicable NAV. The Mutual Fund may Effect of Winding Up convert the Scheme/ Plan after the Maturity Date / Final Redemption Date into an open-ended Scheme/Plan and On and from the date of the publication of the notice as this shall be in accordance with the SEBI (MF) Regulations. stated above, the Trustees or the AMC as the case maybe, The close-ended Scheme/ Plan may be converted into shall (a) cease to carry on any business activities in respect of open-ended scheme, the Scheme(s) so wound up; (b) cease to create and/or cancel Units in the Scheme(s); (c) cease to issue and/or redeem Units (a) if the Scheme Information Document (SID) of such in the Scheme(s). Scheme/Plan disclose the option and the period of such conversion; or Procedure And Manner of Winding Up (b) the Unit holders of such close-ended Scheme/Plan In the event of the Scheme being wound up as above-mentioned, are provided with an option to redeem their units in the AMC shall proceed as follows: full before such conversion. 1. The Trustees shall call a meeting of the Unit holders of A close-ended scheme shall be fully redeemed at the end the Scheme(s) to consider and pass necessary resolutions of the maturity period. Provided that a close ended scheme by simple majority of Unit holders present and voting at may be allowed to be rolled over if the purpose, period and the meeting for authorising the AMC and/or any other other terms of the roll over and all other material details person / agency to take necessary steps for winding up of the scheme including the likely composition of assets of the Scheme(s). Provided that a meeting shall not be immediately before the roll over, the net assets and net necessary if the Scheme(s) is/are wound up at the end of the maturity period.

HDFC MF SAI - dated June 28, 2019 70 (a) The Trustees or the person authorised as above, shall is required to process such reinvestment/ transfer, failing which dispose the assets of the Scheme(s) concerned in the dividend reinvestment/ transfer shall be automatically converted best interests of the Unit holders of the Scheme(s). into payout option. (b) The proceeds of the sale made in pursuance of the # However, the requirement of PAN is exempted in respect of above, shall in the first instance be utilised towards discharge of such liabilities as are properly due under investments in Mutual Fund Scheme(s) [including Systematic the Scheme(s) and after making appropriate provisions Investment Plan (SIP)] upto Rs. 50,000/- per year per investor for meeting the expenses connected with such winding per mutual fund. Please refer “PAN Exempt investments” as up, the balance shall be paid to the Unit holders in stated below for more details. proportion to their respective interests in the assets of the Scheme(s) as on the date when the decision Applications not complying with the above requirement for the winding up was taken. may not be accepted/ processed. 2. On the completion of winding up, the Trustees shall forward Additionally, in the event of any application form being to SEBI and the Unit holders, a report on the winding up subsequently rejected for mismatch of applicant’s PAN details containing particulars such as circumstances leading to with the details on the website of the Income Tax Department, the winding up, steps taken for disposal of assets of the the investment transaction will be cancelled and the amount Scheme(s) before winding up, expenses for winding up, may be redeemed at the applicable NAV, subject to payment net assets available for distribution to the Unit holders and a certificate from the auditors of the Mutual Fund. of exit load, if any. 3. Notwithstanding anything contained herein, the application Please contact any of the Investor Service Centres/ CAMS/ of the provisions of SEBI (MF) Regulations in respect of Distributors or visit our website www.hdfcfund.com for further disclosures of half-yearly reports and annual reports shall details. continue to be applicable until the winding up is completed and/or the Scheme(s) ceases to exist. • PAN Exempt Investments 4. After the receipt of report referred above under “Procedure SEBI vide its circular dated July 24, 2012 has clarified that and Manner of Winding up” if SEBI is satisfied that all investments in mutual funds schemes (including investments measures for winding up of the Scheme(s) have been in SIPs) of upto Rs. 50,000 per investor per year across all complied with by the AMC, the Scheme(s) shall cease to schemes of the Fund shall be exempt from the requirement of exist. PAN. Accordingly, individuals (including Joint Holders who are • Permanent Account Number individuals, NRIs but not PIOs, Minors) and Sole Proprietary Firms who do not possess a PAN (“Eligible Investors”)* are SEBI has made it mandatory for all applicants (in the case of exempt from submission of PAN for investments upto Rs.50,000 application in joint names, each of the applicants) to mention his/ in a rolling 12 month period or in a financial year i.e. April to her permanent account number (PAN) irrespective of the amount March. However, Eligible Investors are required to undergo Know of purchase* [Except as given under PAN Exempt Investments]. Your Customer (KYC) procedure with any of the SEBI registered Where the applicant is a minor, and does not posses his / her KYC Registration Authorities (KRA). Eligible Investors must quote own PAN, he / she shall quote the PAN of his/ her father or PAN Exempt KYC Reference Number (PEKRN) issued by the KRA mother or the legal guardian, as the case may be. However under the KYC acknowledgement letter in the application form PAN is not mandatory in the case of Central Government, State and submit a copy thereof along with the application form. Government entities and the officials appointed by the courts In case the applicant is a minor, PAN /PEKRN details of the e.g. Official liquidator, Court receiver etc. (under the category Guardian shall be submitted, as applicable. Eligible Investors of Government) for transacting in the securities market. HDFC (i.e. the First Holder) must not possess a PAN at the time of Mutual Fund reserves the right to ascertain the status of such submission of application form. Eligible investors must hold entities with adequate supporting documents. Also, investors only one PEKRN issued by any one of the KRAs. residing in the state of Sikkim are exempt from the mandatory requirement of PAN, subject to the AMC verifying the veracity If an application for investment together within investments made of the claim of the investors that they are residents of Sikkim, in a rolling 12 month period or in a financial year exceeds by collecting sufficient documentary evidence. Rs. 50,000, such an application will be rejected. In order to verify that the PAN of the applicants (in case of Fresh / Additional Purchase and Systematic Investment Plans application in joint names, each of the applicants) has been will be covered in the limit of Rs.50,000. Investors may switch duly and correctly quoted therein, the applicants shall attach their investments to other Schemes. However, if the amount along with the purchase* application, a photocopy of the PAN per switch transaction is Rs. 50,000 or more, in accordance card duly self-certified along with the original PAN Card. The with the extant Income Tax rules, investors will be required original PAN Card will be returned immediately across the to furnish a copy of PAN to the Mutual Fund. The detailed counter after verification. The photocopy of the PAN card is procedures / requirements for accepting applications shall be not required if KYC acknowledgement issued by CVL is made as specified by the AMC/Trustee from time to time and their available. decision in this behalf will be final and binding. * includes fresh/additional purchase, Systematic Investment# * HUFs and other categories are not eligible for such investments.

Further, as per the Notification No. 288 dated December 1,  Joint Holders 2004, every person who makes payment of an amount of Rs. If an application has more than one investor (maximum three 50,000 or more to a Mutual Fund for purchase^ of its units permitted) the investors are required to specify the ‘mode should provide PAN. of holding‘ in the initial application form as either ‘Joint’ or ^ includes fresh/additional purchase, switch, Systematic ‘Anyone or Survivor’. In the event, the investors fail to specify Investment# / Transfer and Dividend Reinvestment / Dividend the mode of holding, then by default, the mode of holding Transfer. will be treated as ‘joint’ for all future purposes by the AMC in Since dividend reinvestment/ transfer of Rs. 50,000 or more respect of the folio. In case the mode of holding is specified qualifies as purchase of units for aforesaid Notification, PAN as ‘Joint’, the financial and non-financial transaction requests

71 HDFC MF SAI - dated June 28, 2019 and instructions should be signed by all the Unitholders of Folio/s of the minor Unitholder will be frozen for operation the folio. In case the mode of holding is specified as ‘Anyone by the representing guardian and all transactions will or Survivor’, any one of the Unitholders as mentioned in the be suspended. No transactions will be permitted in the initial application form may sign the financial and non-financial Folio(s) till the regularization of the Folio/s in a manner transaction requests and instructions except for lien requests prescribed by the AMC / Mutual Fund. and appointment of nominee / cancellation of nominee, The AMC/ Mutual Fund will register standing instructions where signature of all the Unitholders are required. However, like SIP/ STP/SWAP etc. for a folio held by a minor in both the above scenarios, the account statements, notices, Unitholder from the parent/ legal guardian only till the statutory statements, correspondences with respect to the folio/s, date when the minor Unitholder attains the age of majority, redemptions, dividends and any other distribution proceeds that even though the instructions may be for a period beyond may be declared by the Mutual Fund from time to time will that date. be paid to the first-named Unit holder. The Mutual Fund/AMC shall have no liability in this regard to any other Unitholder However, in respect of SIPs registered prior to April 1, other than the first named holder of Units. In addition, such 2011, the AMC/Mutual Fund shall continue to process such first-named Unitholders shall have the voting rights, as permitted, SIPs as registered beyond the date of the minor Unitholder associated with such Units, as per the applicable guidelines. attaining the age of majority till instructions from the major In case of death/insolvency of any one or more of the Unit Unitholder to terminate the ongoing SIP is received by the holder/s in the folio, the AMC shall not recognise any person(s) AMC/Mutual Fund along with the prescribed documents other than the remaining Unitholder/s. It is however clarified for change of folio status from minor to major, if not that if any order/direction/instruction to the contrary is issued submitted earlier. by any Governmental/judicial/quasi-judicial authority, the AMC/  Change of Guardian: Mutual Fund may act in compliance with the same. In all such cases, the redemptions, dividends and other distributions as In case of change of natural parent/legal guardian of a minor may be declared by the Mutual Fund from time to time shall Unitholder, the new parent/legal guardian must submit the be paid to the first-named of the remaining Unit holder/s or documents prescribed by the AMC/Mutual Fund, including as the case may be. the following: For Units held in Electronic (Demat) Mode (a) No Objection Certificate (NoC) or Consent Letter from existing parent or Court Order appointing new legal For DP account held in joint names, the rules of the Depository guardian for the benefit of the minor Unitholder. for operation of such DP accounts will be applicable. (b) KYC Acknowledgment Letter of new parent/legal guardian.  Investments on Behalf of Minor  Pledge/Lien of Units In addition to the existing procedures, the following procedures shall apply to the investments made on behalf of Minors:- The Units standing to the credit of the Unit holder under the Scheme(s) (subject to completion of Lock-in Period, if any) may (i) The minor shall be the sole Unitholder in a folio. Joint be offered by the Unit holder as security in favour of scheduled holders will not be registered. banks, financial institutions, nonbanking finance companies (ii) The minor Unitholder should be represented either by a (NBFC’s) or any other persons (“Lender”) subject to applicable natural parent (i.e. father or mother) or by a legal guardian SEBI Regulations and other laws, provided such Lenders are i.e., a court appointed guardian. eligible to hold the Units. Upon a specific authorisation request made by the Unit holder (to be signed by all Unitholders, in (iii) Copies of birth certificate/passport evidencing the date of case the mode of holding is joint or either or survivor) and birth of the minor, relationship proof of the natural parent/ completion of necessary documentary formalities, the Mutual Court Order appointing the legal guardian (as the case Fund/AMC will instruct the Registrar to mark a pledge/ lien may be) should be mandatorily provided while placing on the Units in favour of the Lender on the Units as may be a request for subscription on behalf of a minor investor. requested by the Unitholder. A standard form for this purpose (iv) The AMC/ Mutual Fund will register standing instructions is available on request from any of the ISCs. Disbursement/ like SIP/ STP/SWAP etc. for a folio held by a minor sanctioning of loans/facilities will be at the sole discretion of Unitholder (either for existing folio or new folio) from the the Lender and the Mutual Fund/AMC assumes no responsibility parent/ legal guardian only till the date when the minor thereof. The Unitholder will not be able to redeem/switch-out Unitholder attains the age of majority, even though such the Units that are pledged/ lien marked in favour of the Lender instructions may be for a period beyond that date. until the Mutual Fund/AMC receives a written authorization from the Lender that the Unitholder has been absolved of  Change of Status from Minor to Major: the financial obligations and that the pledge / lien may be i. Prior to the minor Unitholder attaining the age of majority, removed/vacated. As long as the Units are pledged/ lien the AMC/ Mutual Fund will send a notice to the minor marked, the Lender will have complete authority to redeem/ Unitholder at the registered correspondence address transact in respect of such Units. If by enforcing the pledge / advising such minor Unitholder to submit, on attaining the lien, the Lender seeks to transfer the Units in its own name or age of majority, an application form along with prescribed in the name of any other entity, then in such event the Mutual documents to change the status of the folio/s from ‘minor’ Fund/ AMC shall be obliged to comply with the said request, to ‘major’. Upon attainment of majority by the minor provided the Lender or such other entity, as the case may be, Unitholder, the folio/s should be regularized forthwith. is eligible to hold the units and all the necessary documentary The AMC may specify such procedures for regularisation evidence is made available to the satisfaction of the Mutual of the Folio/s, as it may deem appropriate from time to Fund/AMC. Upon such transfer, the Mutual Fund/AMC shall be time. Till the receipt of such intimation/information from the discharged of all its liabilities in respect of the Units towards minor turned major Unitholder, existing contract as signed the Unitholder. by the parent/legal guardian of the minor Unitholder will continue. However, from the date of attainment of majority,

HDFC MF SAI - dated June 28, 2019 72 An intimation of the invocation of the pledge/ lien will be sent Information provided in the scheme application form/s, any to the Unitholder. The Mutual Fund/AMC thereafter shall not transaction document and/or provided by Investor(s) shall be be responsible for any claims made and/or losses incurred by governed by the terms of the Privacy Policy as displayed on the Unitholder and/or any third party in this regard. In case the www.hdfcfund.com (“Site”) . By subscribing to the Unit/s the units of close-ended scheme are under pledge/ lien, then of the Scheme/s the Investor(s) are deemed to have consented at the time of maturity of the scheme if the units are still under for the usage of the Personal Information as stated herein and pledge/lien, then on the failure to receive any instructions from in the Privacy Policy. the Lender and the Unitholder, the Mutual Fund/AMC reserves Personal Information collected by the AMC in the physical the right to pay the maturity proceeds to the Unitholder, post form and through the Site may be converted and stored in intimation of such payment to the Lender, and AMC/Mutual electronic form by the AMC and/or its Registrar, CAMS at its Fund shall not be liable/responsible for any loss incurred by sole discretion for the purposes mentioned in the Privacy Policy. the Lender and/or the Unitholder on account of such payment. The AMC/ Mutual Fund shall also not be liable/responsible Personal Information of an Investor, as defined in the Privacy for any delay in payment of the maturity proceeds in such Policy, shall mean such information that is of a confidential an event. Upon such payment, the Mutual Fund/AMC will be nature and may include any information that relates to a discharged of all its liabilities towards such Unitholder. natural person, which, either directly or indirectly, is capable of identifying such Investor. The type of Personal Information The distribution of income in the nature of dividend payouts collected from an Investor shall include, but may not be limited declared on units under pledge/ lien shall always be paid to to, full name, address, telephone number, e-mail address and the Unitholder. The Mutual Fund/AMC reserves the right to any other information as defined in Rule 3 of the Information change the operational guidelines for this facility offered by Technology (Reasonable security practices and procedures and the AMC from time to time. sensitive personal data or information) Rules,  For Units held in Electronic (Demat) Mode 2011 as may be required by AMC and/ or its Registrar from For units of the Scheme(s) held in electronic (demat) form, the time to time in order to provide services to the Investor(s). rules/bye-laws of Depository applicable for lien/pledge will be The AMC reserves the right to use the Personal Information and applicable to the units of the Scheme(s). The Unitholder and to share/disclose the same with third parties as stated in the the Lender must have a beneficial account with the Depository. Privacy Policy. Notwithstanding anything contained in the Privacy Policy, the AMC may also share, disclose, or remit in any form,  Powers To Remove Difficulties mode or manner, all/any of the Personal Information collected If any difficulty arises in giving effect to the provisions of the from the Investor(s), including all changes and updates thereto, Scheme, the Trustee may take such steps that are not inconsistent as and when provided, with any Indian or foreign governmental with these provisions which appear to them to be necessary authority including but not limited to the RBI, SEBI, Income Tax and expedient, for the purpose of removing difficulties. Authority, Financial Intelligence Unit –India (FIU-IND), or any other judicial and quasi judicial authorities or investigation  Powers To Make Rules agencies, to the extent required by such authority, without any The Mutual Fund/AMC may from time to time prescribe such obligation of advising / informing Investors/Unit holder(s) about forms and make such rules for the purpose of giving effect to the same. The AMC may also share/exchange with other SEBI the provisions of the Scheme, and add to, alter or amend all registered intermediaries on a reciprocatory basis the Personal or any of the forms and rules that may be framed from time Information, including information on FATCA/CRS/ UBO and/ to time in the interest of the Investors. or any details of transaction(s) undertaken by the Investor(s) C. GENERAL INFORMATION for single updation/submission for operational/administrative convenience of the AMC and also to enable the AMC to serve  Investors’ Personal Information and disclosure the Unit holder(s) better. These third parties shall be bound of Personal Information to third parties by confidentiality arrangements when handling the Investor(s) The AMC, being a SEBI registered intermediary governed by Personal Information requiring that such information only be the provisions of SEBI (Intermediaries) Regulations, 2008 and used for the limited purpose for which it was shared. The AMC by virtue of the provisions of SEBI Circular No. MIRSD/Cir- shall not make any disclosures of the Personal Information to any third party for the purpose of marketing their products 23/2011dated December 02, 2011 is authorised to collect or services to the Unit holder(s). The AMC may delegate to information/ relevant KYC documents relating to investor(s) in another entity/ third party service provider including to its connection with KYC process of investor(s) and in connection Sponsor, its subsidiaries, associates, or any group company of with the transactions executed by such investor(s). The Fund the Sponsor, either established or to be established at a later and the AMC recognize the importance of protecting the date (the “Service Providers”), the processing of the Personal Personal Information of its Investor(s) (as defined in the Privacy Information and/or distributor communications, to the extent Policy) and the documents so furnished, and have established permitted by the applicable laws and SEBI Regulations. For any policies and procedures in place for appropriate handling and further information please refer to the Privacy Policy displayed for maintaining confidentiality and secrecy of the Personal on the Site. Information of its Investor(s) and the KYC documents. As per the Code of Conduct for intermediaries stipulated by SEBI The AMC can also share Investors’ Personal Information with (Intermediaries) Regulations, 2008, the intermediaries shall not its associates or Group companies of the Sponsor or any other divulge to anybody, either orally or in writing, directly or indirectly, Organisations / Authorities / Bodies for compliance with any any confidential information about its clients/investors, which group, legal or regulatory requirements, including, but not has come to its knowledge, without taking prior permission of limited to, compliance with anti-money laundering, sanctions its clients/investors except where such disclosures are required and / or any other financial crime control risk management to be made in compliance with any law for the time being requirements. in force and is in line with the Privacy Policy. The Personal

73 HDFC MF SAI - dated June 28, 2019 Extract of Privacy Policy: Periodic presentations will be made to the Board of Directors of the AMC and Trustee Company to review the performance To the extent required or permitted under law, we may share of the Scheme. your Personal Information for the uses mentioned herein with the following third parties:  Soft Dollar Arrangements • The Sponsor or its associates, Trustee Company, Registrar In terms of Clause F of SEBI Circular No. SEBI/HO/IMD/ and transfer agent/s, call centers, Banks, custodians, DF2/CIR/P/2016/42 dated March 18, 2016, soft dollar depositories and / or authorized external third parties arrangements between the Asset Management companies and who are involved in transaction processing, despatches, brokers should be limited to only benefits (like free research etc., of investors’ investment with us; report, etc.) that are in the interest of investors and the same should be suitably disclosed. • Distributors or Sub-brokers through whom applications of investors are received for the investments; or In this context, HDFC Asset Management Company Limited (‘the AMC’) / HDFC Mutual Fund (‘the Fund’) do not have any Soft- • Entities involved in data analysis, data management, data dollar arrangement with brokers. However, brokers do provide storage etc., for various purposes including but not limited information based services like free research reports etc. Also to reporting, audit, investigations, record keeping etc. dedicated hot-lines are set up by few brokers which are used • Any other organization for verifying the identity of investors for execution of trades. The hot lines aid execution of trades. for complying with anti-money laundering requirements. Further, the AMC / the Fund are under no obligation to provide • Any governmental authority including but not limited to business to any broker in lieu of these services. the Reserve Bank of India or the Securities and Exchange  Underwriting By The Mutual Fund Board of India. Subject to SEBI (MF) Regulations, the Scheme may enter into • We may share your investment account and transaction underwriting agreements after the Mutual Fund obtains a details and other Personal Information with the intermediaries, certificate of registration in terms of the Securities and Exchange whose ARN stamp appears on the application forms / Board of India (Underwriters) Rules and Securities and Exchange transaction slips. Board of India (Underwriters) Regulations, 1993 authorising it to • We may share certain with third parties such as post office, carry on activities as underwriters. The capital adequacy norms local and international couriers and other intermediaries for the purpose of underwriting shall be the net assets of the for correspondence with the investor and for making respective Scheme/ Plans and that the underwriting obligation payments to the investor by cheques, drafts, warrants, of the respective Scheme/ Plans shall not at any time exceed through Electronic Clearing Services (ECS), NEFT etc. the total net asset value of the respective Scheme/ Plans.

For further details on Privacy Policy refer our website.  Stock Lending By The Mutual Fund  Investment Decisions : Subject to the SEBI (MF) Regulations (in case of HDFC TaxSaver The Investment Committee comprising Chief Investment Officer & HDFC Long Term Advantage Fund - Equity Linked Savings (CIO), Fund Manager(s) - Equities (for equity related matters), Scheme guidelines), as applicable from time to time, the Fund Manager(s) - Debt (for debt related matters) and Chief Mutual Fund may, if the Trustee permits, engage in Stock Compliance Officer will inter alia lay down the fund’s investment Lending. Stock Lending means the lending of stock to another philosophy, policy and processes / procedures, review the person or entity for a fixed period of time, at a negotiated performance / portfolios of the Schemes, monitor the credit compensation in order to enhance returns of the portfolio. The ratings of debt exposures, etc. securities lent will be returned by the borrower on the expiry Fund Manager(s) shall be responsible for taking investment of the stipulated period. / divestment decisions for their respective scheme(s) and for The exposure limits with regard to stock lending for various adhering to the Fund’s investment philosophy, policy and Schemes, shall be as specified in the respective Scheme processes / procedures. Investment decisions shall be recorded Information Documents from time to time. by the respective Fund Manager(s) along with reasons for the The Mutual Fund may not be able to sell such lent out securities same. Research reports, both internal and external, covering inter and this can lead to temporary illiquidity. alia factors like business outlook, financial analysis, valuation,  Borrowing By The Mutual Fund etc. shall assist the Fund Manager(s) in the decision-making. Credit exposure limits shall be set and reviewed by the Head Under the SEBI (MF) Regulations, the Mutual Fund is allowed of Credit, Fund Manager(s) – Debt and the CIO. Investment to borrow to meet the temporary liquidity requirements of decisions for investment in Gold related Fund(s) shall be its Scheme(s) for the purpose of Repurchase or Redemption guided primarily by factors like quantity, fineness and price of Units or the payment of interest or dividend to the Unit of gold. Investment decisions for Arbitrage Fund(s) shall be holders. Further, as per the SEBI (MF) Regulations, the Mutual guided primarily by arbitrage opportunities available, yield on Fund shall not borrow more than 20% of the Net Assets of the debt/money market instruments, etc. Investment decision with Scheme and the duration of such borrowing shall not exceed regard to Index Funds would primarily be related to portfolio a period of six months. re-balancing based on change in weightage of stocks and the The Mutual Fund may raise such borrowings after approval by inflows / outflows in the Scheme. the Trustee from Sponsors or any of their Associate / Group The Executive Director & Chief Investment Officer and the Companies or Banks in India or any other entity at market Investment Committee report to the Managing Director. related rates prevailing at the time and applicable to similar Investment decisions are taken by the fund manager(s) of the borrowings. The security for such borrowings, if required, will respective scheme(s) and the Managing Director does not play be as determined by the Trustee. Such borrowings, if raised, any role in the day-to-day investment decisions. The Managing may result in a cost, which would be dealt with in consultation Director of the AMC shall ensure that the investments made with the Trustee. by the fund managers are in the interest of the Unit holders.

HDFC MF SAI - dated June 28, 2019 74  Issue of Bonus Units  Website In the interest of the Unit holders and smooth functioning The website of the Fund/AMC is intended for the use of of the Fund, at an appropriate time, the Asset Management Resident Indians, Non Resident Indians, persons of Indian Company may decide to issue Bonus Units to all existing Origin and Foreign Institutional Investors registered with SEBI. Unit holders. For such declaration, the Fund will announce a It should not be regarded as a solicitation for business in any Record Date / Book Closure and all Unit holders whose names jurisdiction other than India. In particular the information is appear in the Register of Unit holders as on the Record Date / not for distribution and does not constitute an offer to sell or Book Closure shall be eligible to be issued such Bonus Units. the solicitation of an offer to buy securities in any jurisdiction These Units will be pari-passu with the original Units. Bonus where such activity is prohibited. Any persons resident outside Units so issued will be credited to the Unit holders’ account. India who nevertheless intend to respond to this material must Pursuant to allotment of Bonus Units, the per Unit NAV would first satisfy themselves that they are not subject to any local fall in proportion to the Bonus Units allotted and as a result requirements, which restrict or prohibit them from doing so. the total value of Units held by the Unit holder would remain Information other than that relating specifically to the AMC/ the same. The issue of such Units will increase the number Fund and its products is for information purposes only and of Units held by the Unit holder in the Scheme and so also should not be relied upon as a basis for investment decisions. the total number of Units outstanding in the Scheme. Fresh The Fund/AMC cannot be held responsible for any information account statements will be sent to all Unit holders after the contained in any website linked from the Mutual Fund website. allotment of bonus units.  Scheme(s) to be binding on the Unit holders  Consolidation of Folios Subject to the SEBI (MF) Regulations, the Trustee may, from time In case an investor holds investments in multiple folios under to time, add or otherwise vary or alter all or any of the features the Fund, the investor can opt for consolidation of such folios of investment options/ facilities and terms of any of the Scheme(s) into one folio (Target folio) by sending a written request to the after obtaining the prior permission of SEBI and Unit holders (where Mutual Fund/AMC. The Mutual Fund/AMC will process such necessary), and the same shall be binding on all the Unit holders requests subject to verification of criterias viz. mode of holding, of such Scheme and any person or persons claiming through or bank mandate, address and nomination details in the Target under them as if each Unit Holder or such person expressly had Folio and other confirmations/requirements, etc. as may be agreed that such features and terms shall be so binding. Any requested from the investors. additions/variations/alterations shall be done in accordance with the SEBI (Mutual Funds) Regulations. Any change in fundamental  E-mail Communication attribute of the Scheme(s) shall be done only in accordance with For those Unit holders who have provided an e-mail address, Regulation 18(15A) of SEBI (MF) Regulations. the AMC will send the communication by e-mail.  Inter Scheme Transfer of Investments It is deemed that the Unit holder is aware of all security risks Transfer of investments from one Scheme to another Scheme including possible third party interception of the documents and in the same Mutual Fund, shall be allowed only if: - contents of the documents becoming known to third parties. (a) such transfers are made at the prevailing market price The Monthly Newsletter, shall be displayed at the website of for quoted Securities on spot basis the Mutual Fund. The Unit holders can request for a copy of the Newsletter by post / e-mail. The AMC would arrange to explanation : spot basis shall have the same meaning as dispatch these documents to the concerned Unit holder. specified by Stock Exchange for spot transactions (b) the Securities so transferred shall be in conformity with the investment objective of the Scheme to which such transfer has been made.

75 HDFC MF SAI - dated June 28, 2019  Associate Transactions Investment in Group Companies

During the period April 1, 2016 to March 31, 2017, the following investments were made in the securities of Sponsors and its Group Companies Name of the Company Particulars Transaction Type Scheme Name Quantity (Nos.) Grand Total (in Rs. Crs) Credila Financial NCD/ Khokha Sale HDFC Short Term Opportunities Fund 250 25.14 Services Pvt. Ltd Housing Development Deep Discount Purchase HDFC Cash Management Fund Treasury Advantage Plan 1500 212.98 Fin. Corp. Ltd. Bonds HDFC Floating Rate Income Fund-Long Term 750 112.50 HDFC Floating Rate Income Fund - Short Term Plan 1250 157.98 HDFC Liquid Fund 4950 775.02 Sale HDFC Capital Protection Oriented Fund - Series I 4 0.64 HDFC Capital Protection Oriented Fund - Sr II - 36M Feb 14 85 13.51 HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 60 9.45 HDFC Cash Management Fund - Savings Plan 190 30.46 HDFC Cash Management Fund - Treasury Advantage Plan 850 133.34 HDFC Debt Fund For Cancer Cure 2014 228 36.15 HDFC Floating Rate Income Fund - Long Term Plan 750 116.77 HDFC Floating Rate Income Fund - Short Term Plan 1350 191.96 HDFC FMP 1095D March 2014 (1) 25 3.96 Housing Development HDFC FMP 1127D March 2014 (1) 14 2.22 Fin. Corp. Ltd. HDFC FMP 1143D July 2013 (1) 501 80.32 HDFC FMP 1846D August 2013 (1) 15 2.38 HDFC FMP 366D March 2014 (1) 32 5.06 HDFC FMP 369D February 2014 (2) 12 1.90 HDFC FMP 369D January 2014 (1) 15 2.36 HDFC FMP 369D March 2014 (2) 16 2.53 HDFC FMP 370D August 2013 (1) 110 17.64 HDFC FMP 370D February 2014 (1) 5 0.79 HDFC FMP 371D August 2013 (1) 140 22.44 HDFC FMP 371D February 2014 (1) 4 0.63 HDFC FMP 371D February 2014 (2) 8 1.26 HDFC FMP 372D February 2014 (1) 10 1.58 HDFC FMP 434D February 2014 (1) 8 1.27 HDFC FMP 478D January 2014 (1) 3 0.47 HDFC FMP 531D December 2013 (1) 90 14.24 HDFC FMP 540D December 2013 (1) 60 9.49 HDFC FMP 747D June 2014 (1) 170 27.25 HDFC FMP 750D June 2014 (1) 98 15.71 HDFC Liquid Fund 5400 854.34 HDFC Medium Term Opportunities Fund 10 1.58 HDFC Short Term Opportunities Fund 277 44.41 Equity Shares Purchase HDFC Arbitrage Fund 1135900 149.09 HDFC Balanced Fund 578000 81.56 HDFC Childrens Gift Fund - Investment Plan 140000 19.38 HDFC Equity Savings Fund 60700 7.95 HDFC Index Fund - Nifty Plan 38158 5.31 HDFC Index Fund - Sensex Plan 15182 2.07 HDFC Index Fund - Sensex Plus Plan 4036 0.55 HDFC Nifty Exchange Traded Fund 131560 18.71 HDFC Sensex Exchange Traded Fund 34922 4.60 HDFC Top 200 Fund 215000 30.55 Sale HDFC Arbitrage Fund 1081500 154.11 HDFC Capital Protection Oriented Fund - Series I 41547 5.88 HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 14468 2.02 HDFC Capital Protection Oriented Fund - Sr I - 36M Sep 13 48491 6.80 HDFC Equity Fund 65000 7.21 HDFC Equity Savings Fund 1200 0.15 HDFC Growth Fund 100000 10.97 HDFC Index Fund - Nifty Plan 28470 4.01 HDFC Index Fund - Sensex Plan 15693 2.07 HDFC Index Fund - Sensex Plus Plan 20188 2.63 HDFC Nifty Exchange Traded Fund 16540 2.31 HDFC Rajiv Gandhi Equity Savings Scheme - Series 2 12000 1.64 HDFC Sensex Exchange Traded Fund 21332 2.67 HDFC Top 200 Fund 65000 7.21

HDFC MF SAI - dated June 28, 2019 76 Name of the Company Particulars Transaction Type Scheme Name Quantity (Nos.) Grand Total (in Rs. Crs) NCD/ Khokha Purchase HDFC Arbitrage Fund 375 59.50 HDFC Balanced Fund 1165 217.65 HDFC Banking and PSU Debt Fund 269 182.60 HDFC Cash Management Fund - Savings Plan 2390 239.44 HDFC Cash Management Fund - Treasury Advantage Plan 2906 983.27 HDFC Corporate Debt Opportunities Fund 1555 423.20 HDFC Dual Advantage Fund - II - 1099D March 2016 2 2.00 HDFC Dual Advantage Fund - III – 1224D November 2016 75 3.89 HDFC Dual Advantage Fund - III - 1267D October 2016 5 5.11 HDFC Dual Advantage Fund - III - 1304D August 2016 200 10.28 HDFC Equity Savings Fund 80 80.12 HDFC Floating Rate Income Fund - Long Term Plan 440 355.08 HDFC Floating Rate Income Fund - Short Term Plan 6264 1,869.34 HDFC FMP 1104D April 2016 (1) 2 2.00 HDFC FMP 1107D March 2016 (1) 35 35.62 HDFC FMP 1114D March 2016 (1) 114 115.88 HDFC FMP 1120D March 2016 (1) 1 1.02 HDFC FMP 1132D February 2016 (1) 25 25.34 HDFC FMP 1140D March 2016 (1) 190 19.66 HDFC FMP 1148D February 2016 (1) 3 3.06 Housing Development HDFC FMP 1148D February 2016 (2) 285 29.49 Fin. Corp. Ltd. HDFC FMP 1150D February 2017 (1) 1 1.02 HDFC FMP 1155D February 2016 (1) 9 9.18 HDFC FMP 1155D February 2017 (1) 8 8.17 HDFC FMP 1161D February 2016 (1) 240 24.83 HDFC FMP 1167D January 2016 (1) 9 9.16 HDFC FMP 1170D February 2017 (1) 100 5.14 HDFC FMP 1184D January 2015 (1) 10 10.07 HDFC FMP 1846D August 2013 (1) 100 5.05 HDFC FMP 1875D August 2013 (1) 2 2.00 HDFC FMP 366D March 2014 (1) 60 3.01 HDFC FMP 367D May 2014 (2) 20 2.01 HDFC FMP 369D March 2014 (2) 25 1.25 HDFC FMP 370D August 2013 (1) 130 13.03 HDFC FMP 370D May 2014 (1) 60 6.04 HDFC FMP 371D August 2013 (1) 55 5.51 HDFC FMP 371D February 2014 (2) 115 5.76 HDFC FMP 372D December 2013 (1) 28 28.00 HDFC FMP 372D February 2014 (1) 100 10.06 HDFC High Interest Fund - Dynamic Plan 70 69.87 HDFC High Interest Fund - Short Term Plan 950 285.28 HDFC Income Fund 50 49.75 HDFC Liquid Fund 12609 1,319.31 HDFC Medium Term Opportunities Fund 6069 1,369.66 HDFC MF Monthly Income Plan - LTP 50 49.68 HDFC Mid-Cap Opportunites Fund 1500 150.01 HDFC Multiple Yield Fund - Plan 2005 110 20.18 HDFC Regular Savings Fund 880 295.43 HDFC Short Term Opportunities Fund 1945 962.56 Sale HDFC Arbitrage Fund 375 59.81 HDFC Banking and PSU Debt Fund 619 150.94 HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 200 20.00 HDFC Capital Protection Oriented Fund - Sr I - 36M Sep 13 100 10.00 HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 150 15.00 HDFC Capital Protection Oriented Fund - Sr II - 36M May 14 150 15.00 HDFC Cash Management Fund - Savings Plan 2390 239.00 HDFC Cash Management Fund - Treasury Advantage Plan 2820 795.86 HDFC Corporate Debt Opportunities Fund 2285 293.52 HDFC Equity Savings Fund 84 8.40 HDFC Floating Rate Income Fund - Long Term Plan 220 137.61 HDFC Floating Rate Income Fund - Short Term Plan 3489 1,154.32 HDFC FMP 369D April 2014 (1) 169 16.90 HDFC FMP 369D January 2014 (1) 50 5.00 HDFC FMP 370D August 2013 (1) 130 13.00 HDFC FMP 370D August 2013 (2) 130 13.00 HDFC FMP 370D August 2013 (3) 165 16.50

77 HDFC MF SAI - dated June 28, 2019 Name of the Company Particulars Transaction Type Scheme Name Quantity (Nos.) Grand Total (in Rs. Crs) HDFC FMP 370D August 2013 (4) 95 9.50 HDFC FMP 370D July 2013 (3) 390 39.00 HDFC FMP 370D September 2013 (1) 150 15.00 HDFC FMP 370D September 2013 (2) 150 15.00 HDFC FMP 371D August 2013 (1) 66 6.60 HDFC FMP 371D January 2014 (1) 50 5.00 HDFC FMP 371D July 2013 (1) 225 22.50 HDFC FMP 372D December 2013 (1) 28 28.00 HDFC FMP 372D February 2014 (1) 100 10.00 HDFC FMP 390D March 2014 (1) 131 13.10 HDFC High Interest Fund - Short Term Plan 750 40.13 HDFC Liquid Fund 10859 1,243.45 HDFC Medium Term Opportunities Fund 6408 1,045.51 HDFC Mid-Cap Opportunites Fund 1500 150.00 HDFC Multiple Yield Fund - Plan 2005 200 20.00 HDFC Regular Savings Fund 852 67.75 HDFC Short Term Opportunities Fund 1925 304.77 Note :The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate Actions. During the period April 1, 2017 to March 31, 2018, the following investments were made in the securities of Sponsors and its Group Companies

Name of the Company Particulars Scheme Name Transaction Type Quantity (Nos.) Grand Total (in Rs. Crs) Housing Deep Discount HDFC Floating Rate Income Fund-Short Term Plan PUR 3495 404.24 Development Fin. Bonds Corp. Ltd. HDFC Floating Rate Income Fund-Short Term Plan SALE 2350 235.68 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 PUR 28 4.33 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 SALE 28 4.35 HDFC Banking and PSU Debt Fund PUR 200 235.79 HDFC Liquid Fund PUR 5850 1,134.51 HDFC Liquid Fund SALE 4850 1,085.93 HDFC Cash Management Fund-Savings Plan PUR 1550 203.45 HDFC Cash Management Fund-Savings Plan SALE 1550 206.66 HDFC Cash Management Fund-Treasury Advantage Plan PUR 4005 531.67 HDFC Cash Management Fund-Treasury Advantage Plan SALE 4150 543.63 HDFC FMP 1113D November 2014 (1) SALE 65 10.10 HDFC FMP 1125D September 2014 (1) SALE 55 8.54 HDFC MF Monthly Income Plan-Short Term Plan SALE 28 4.33 HDFC FMP 1919D January 2013 (1)-Series 24 SALE 52 8.08 Equity Shares HDFC Multiple Yield Fund PUR 1119500 196.29 HDFC Multiple Yield Fund SALE 326500 62.01 HDFC Arbitrage Fund PUR 1946000 335.12 HDFC Arbitrage Fund SALE 1659500 277.31 HDFC Top 200 Fund PUR 1110000 182.64 HDFC Equity Fund PUR 188000 32.01 HDFC Nifty Exchange Traded Fund PUR 101638 15.92 HDFC Nifty Exchange Traded Fund SALE 159940 25.28 HDFC Index Fund-Sensex Plan PUR 11122 2.01 HDFC Index Fund-Sensex Plan SALE 15468 2.64 HDFC Premier Multi-Cap Fund PUR 75000 12.97 HDFC Premier Multi-Cap Fund SALE 75000 12.58 HDFC Focused Equity Fund - Plan A SALE 20000 3.65 HDFC Sensex Exchange Traded Fund PUR 28550 5.11 HDFC Sensex Exchange Traded Fund SALE 9198 1.61 HDFC Balanced Fund PUR 3333000 555.06 HDFC HOF - I - 1140D November 2017 (1) - Series 1 PUR 994098 167.37 HDFC Equity Opportunities Fund - II - 1100D June 2017 (1) PUR 200000 35.43 HDFC Tax Saver PUR 600000 103.56 HDFC Tax Saver SALE 600000 100.14 HDFC Index Fund-Nifty Plan PUR 57304 10.12 HDFC Index Fund-Nifty Plan SALE 32495 5.66 HDFC Growth Fund PUR 195800 34.39 HDFC Index Fund-Sensex Plus Plan PUR 11628 2.02 HDFC Index Fund-Sensex Plus Plan SALE 21988 3.76 HDFC Capital Builder Fund PUR 460000 80.29 HDFC Equity Opportunities Fund - II - 1126D May 2017 (1) PUR 291600 51.59 HDFC Focused Equity Fund - Plan B PUR 50000 8.85

HDFC MF SAI - dated June 28, 2019 78 Name of the Company Particulars Scheme Name Transaction Type Quantity (Nos.) Grand Total (in Rs. Crs) NCD/ Khokha HDFC Medium Term Opportunities Fund PUR 2040 1,255.22 HDFC Medium Term Opportunities Fund SALE 1246 792.98 HDFC Floating Rate Income Fund-Short Term Plan PUR 9645 2,906.41 HDFC Floating Rate Income Fund-Short Term Plan SALE 12770 3,067.04 HDFC Short Term Opportunities Fund PUR 2196 945.20 HDFC Short Term Opportunities Fund SALE 4221 936.80 HDFC MF Monthly Income Plan-Long Term Plan PUR 101 101.11 HDFC MF Monthly Income Plan-Long Term Plan SALE 101 100.46 HDFC Capital Protection Orient Fund - Sr -III- 1207D December 2014 PUR 5 5.01 HDFC Capital Protection Orient Fund - Sr -III- 1207D December 2014 SALE 55 10.00 HDFC FMP 1111D November 2014 (1) - Series 32 PUR 45 4.51 HDFC FMP 1111D November 2014 (1) - Series 32 SALE 45 4.50 HDFC Multiple Yield Fund PUR 1275 324.33 HDFC Multiple Yield Fund SALE 153 153.69 HDFC Arbitrage Fund PUR 85 85.28 HDFC Arbitrage Fund SALE 85 84.96 HDFC Dual Advantage Fund - II - 1111D April 2016 PUR 5 5.00 HDFC High Interest Fund-Short Term PUR 75 75.09 HDFC High Interest Fund-Short Term SALE 200 200.33 HDFC Banking and PSU Debt Fund PUR 795 516.48 Housing HDFC Banking and PSU Debt Fund SALE 845 574.22 Development Fin. Corp. Ltd. HDFC Balanced Fund PUR 750 181.22 HDFC Balanced Fund SALE 100 104.51 HDFC Corporate Debt Opportunities Fund PUR 650 652.88 HDFC Corporate Debt Opportunities Fund SALE 377 382.94 HDFC Liquid Fund PUR 16559 3,854.24 HDFC Liquid Fund SALE 8409 2,720.00 HDFC Cash Management Fund-Savings Plan PUR 2215 596.58 HDFC Cash Management Fund-Savings Plan SALE 2215 595.04 HDFC Cash Management Fund-Treasury Advantage Plan PUR 5203 1,556.03 HDFC Cash Management Fund-Treasury Advantage Plan SALE 6679 1,508.88 HDFC FMP 370D March 2014 (1) - Series 29 PUR 1 1.02 HDFC FMP 370D May 2014 (1) - Series 31 SALE 67 6.70 HDFC FMP 366D March 2014 (1) - Series 29 SALE 60 3.00 HDFC FMP 1104D April 2016 (1) - Series 36 PUR 2 2.00 HDFC FMP 1104D April 2016 (1) - Series 36 SALE 2 2.03 HDFC FMP 1107D December 2014 (1) - Series 32 PUR 6 6.01 HDFC FMP 1107D December 2014 (1) - Series 32 SALE 6 6.00 HDFC FMP 1168D February 2016 (1) - Series 35 PUR 80 23.34 HDFC Short Term Plan PUR 289 289.98 HDFC Short Term Plan SALE 385 205.69 HDFC FMP 1167D January 2016 (1) - Series 35 PUR 134 133.97 HDFC FMP 1167D January 2016 (1) - Series 35 SALE 349 126.70 HDFC FMP 1184D January 2015 (1) - Series 33 PUR 983 56.84 HDFC FMP 1184D January 2015 (1) - Series 33 SALE 160 25.00 HDFC HOF - I - 1140D November 2017 (1) - Series 1 PUR 300 301.25 HDFC HOF - I - 1140D November 2017 (1) - Series 1 SALE 25 24.88 HDFC Multiple Yield Fund-Plan 2005 PUR 115 25.11 HDFC Multiple Yield Fund-Plan 2005 SALE 110 20.00 HDFC FMP 1113D November 2014 (1) PUR 116 11.62 HDFC FMP 1113D November 2014 (1) SALE 116 11.60 HDFC Capital Protection Oriented Fund - Sr Ii- 36M June 14 SALE 200 20.00 HDFC FMP 1150D March 2018 (1) PUR 5 4.90 HDFC Dual Advantage Fund - II - 1160D January 2016 PUR 1 1.00 HDFC FMP 367D May 2014 (2) - Series 31 SALE 25 2.50 HDFC FMP 370D May 2014 (2) - Series 31 SALE 28 2.80 HDFC FMP 371D February 2014 (2) - Series 29 SALE 115 5.75 HDFC FMP 1114D March 2016 (1) - Series 35 PUR 353 212.99 HDFC FMP 1114D March 2016 (1) - Series 35 SALE 139 141.65 HDFC FMP 1132D February 2016 (1) - Series 35 PUR 50 49.96 HDFC FMP 1132D February 2016 (1) - Series 35 SALE 25 25.42 HDFC FMP 453D February 2014 (1) PUR 2 0.20 HDFC FMP 453D February 2014 (1) SALE 2 0.20

79 HDFC MF SAI - dated June 28, 2019 Name of the Company Particulars Scheme Name Transaction Type Quantity (Nos.) Grand Total (in Rs. Crs) HDFC FMP 366D May 2014 (2) - Series 31 SALE 59 5.90 HDFC FMP 1111D September 2016 (1) - Series 37 PUR 45 4.64 HDFC FMP 1213D March 2017 (1) - Series 38 PUR 2 2.01 HDFC FMP 1188D March 2017 (1) - Series 38 PUR 4 4.01 HDFC FMP 1140D March 2016 (1) - Series 35 PUR 37 36.95 HDFC FMP 1140D March 2016 (1) - Series 35 SALE 190 19.62 HDFC Dual Advantage Fund - II - 1099D March 2016 PUR 2 2.00 HDFC Dual Advantage Fund - II - 1099D March 2016 SALE 2 2.03 HDFC FMP 1172D April 2017 (1) PUR 67 3.44 HDFC Floating Rate Income Fund-Long Term Plan PUR 340 117.16 HDFC Floating Rate Income Fund-Long Term Plan SALE 220 220.49 HDFC FMP 447D February 2014 (1) - Series 29 PUR 7 0.70 HDFC FMP 447D February 2014 (1) - Series 29 SALE 7 0.70 HDFC FMP 1430D July 2017 (1) PUR 9 9.39 HDFC FMP 1161D February 2016 (1) - Series 35 PUR 87 86.92 HDFC FMP 1161D February 2016 (1) - Series 35 SALE 240 24.79 HDFC FMP 1107D March 2016 (1) - Series 36 PUR 125 49.01 HDFC FMP 1107D March 2016 (1) - Series 36 SALE 35 35.69 HDFC Dual Advantage Fund - III - 1267D October 2016 PUR 1 1.00 HDFC FMP 434D February 2014 (1) - Series 29 PUR 4 0.40 HDFC FMP 434D February 2014 (1) - Series 29 SALE 4 0.40 HDFC FMP 1875D August 2013 (1) - Series 27 PUR 2 2.03 Housing HDFC FMP 1846D August 2013 (1) PUR 110 53.01 Development Fin. Corp. Ltd. HDFC FMP 1846D August 2013 (1) SALE 400 40.47 HDFC FMP 793D February 2014 (1) - Series 29 PUR 61 3.13 HDFC FMP 1148D February 2016 (2) - Series 35 PUR 31 31.00 HDFC FMP 1148D February 2016 (2) - Series 35 SALE 316 60.49 HDFC FMP 1120D March 2016 (1) - Series 35 PUR 3 3.01 HDFC FMP 1120D March 2016 (1) - Series 35 SALE 2 2.04 HDFC FMP 370D April 2014 (4) - Series 31 PUR 25 2.51 HDFC FMP 370D April 2014 (4) - Series 31 SALE 25 2.50 HDFC FMP 1135D March 2015 (1) - Series 33 PUR 175 8.80 HDFC FMP 1165D April 2017 (1) PUR 72 3.70 HDFC FMP 1161D July 2016 (1) - Series 36 PUR 2 2.03 HDFC Income Fund PUR 50 50.00 HDFC Income Fund SALE 50 49.89 HDFC High Interest Fund PUR 25 24.93 HDFC High Interest Fund SALE 71 71.05 HDFC FMP 1155D February 2016 (1) - Series 35 PUR 9 9.00 HDFC FMP 1155D February 2016 (1) - Series 35 SALE 9 9.20 HDFC FMP 441D February 2014 (1) PUR 4 0.40 HDFC FMP 441D February 2014 (1) SALE 4 0.40 HDFC FMP 370D June 2014 (1) - Series 31 SALE 33 3.30 HDFC FMP 1115D January 2015 (1) - Series 32 PUR 2 2.01 HDFC FMP 1115D January 2015 (1) - Series 32 SALE 2 2.00 HDFC FMP 1190D March 2016 (1) - Series 36 PUR 4 3.99 HDFC FMP 1158D February 2018 (1) PUR 36 36.56 HDFC FMP 1127D June 2016 (1) - Series 36 PUR 1 1.00 HDFC FMP 1169D February 2017 (1) - Series 37 PUR 3 3.02 HDFC FMP 1176D January 2016 (1) - Series 35 PUR 26 26.04 HDFC FMP 1176D January 2016 (1) - Series 35 SALE 23 23.39 HDFC FMP 1148D February 2016 (1) - Series 35 PUR 3 3.00 HDFC FMP 1148D February 2016 (1) - Series 35 SALE 3 3.07 HDFC FMP 1134D September 2014 (1) - Series 32 PUR 150 15.02 HDFC FMP 1134D September 2014 (1) - Series 32 SALE 150 15.00 HDFC FMP 1127D May 2016 (1) - Series 36 PUR 7 6.97 HDFC FMP 1128D June 2016 (1) - Series 36 PUR 2 2.03 HDFC FMP 1166D May 2017 (1) PUR 5 5.09 HDFC FMP 369D March 2014 (2) - Series 29 SALE 25 1.25 HDFC FMP 371D May 2014 (1) - Series 31 SALE 158 15.80 HDFC FMP 1157D February 2015 (1) - Series 33 PUR 492 24.72 HDFC FMP 92D March 2018 (1) PUR 145 7.26 HDFC FMP 1112D June 2016 (1) - Series 36 PUR 1 1.01 HDFC FMP 366D May 2014 (1) - Series 31 SALE 60 6.00

HDFC MF SAI - dated June 28, 2019 80 Name of the Company Particulars Scheme Name Transaction Type Quantity (Nos.) Grand Total (in Rs. Crs) HDFC Standard Life Equity Shares HDFC Multiple Yield Fund PUR 444515 12.89 Insurance Co. Lt HDFC Multiple Yield Fund SALE 444515 16.50 HDFC Top 200 Fund PUR 444515 12.89 HDFC Top 200 Fund SALE 444515 17.25 HDFC Equity Fund PUR 444515 12.89 HDFC Equity Fund SALE 444515 17.25 HDFC Balanced Fund PUR 1422438 47.23 HDFC Mid-Cap Opportunities Fund PUR 711219 20.63 HDFC Mid-Cap Opportunities Fund SALE 711219 26.61 HDFC Capital Builder Fund PUR 177804 5.16 HDFC Capital Builder Fund SALE 177804 6.76 Credila Financial NCD/ Khokha HDFC Floating Rate Income Fund-Short Term Plan PUR 500 50.20 Services Pvt. Ltd HDFC Floating Rate Income Fund-Short Term Plan SALE 750 75.20 HDFC Short Term Opportunities Fund SALE 500 50.20 HDFC Cash Management Fund-Savings Plan PUR 750 75.20 HDFC Cash Management Fund-Savings Plan SALE 750 75.00 Note :The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate Actions.

During the period April 1, 2018 to March 31, 2019, the following investments were made in the securities of Sponsors and its Group Companies

Name of the Company Particulars Transaction Type Scheme Name Quantity (Nos.) Grand Total (in Rs. Crs) HDFC Standard Life Equity Shares Sale Insurance Company Ltd. HDFC Hybrid Equity Fund 1422438 52.81 Housing Development Deep Discount Sale Fin. Corp. Ltd. Bonds HDFC Banking and PSU Debt Fund 199 235.03 HDFC Corporate Bond Fund 17 20.04 HDFC Floating Rate Debt Fund 1495 233.34 HDFC Low Duration Fund 505 78.76 Purchase HDFC Corporate Bond Fund 17 19.97 HDFC FMP 1099D June 2018 (1) 14 16.49 HDFC FMP 1105D August 2018 (2) 17 20.29 HDFC FMP 1113D JUNE 2018 (1) 4 4.70 HDFC FMP 1115D September 2018 (1) 11 13.13 HDFC FMP 1119D June 2018 (1) 4 4.70 HDFC FMP 1122D August 2018 (1) 12 14.32 HDFC FMP 1122D July 2018 (1) 3 3.55 HDFC FMP 1134D May 2018 (1) 19 22.17 HDFC FMP 1145D March 2018 (1) 27 31.90 HDFC FMP 1147D March 2018 (1) 30 35.44 HDFC FMP 1181D April 2018 (1) 12 14.02 HDFC FMP 1183D April 2018 (1) 21 24.90 HDFC Liquid Fund 2000 312.10 HDFC Short Term Debt Fund 1000 66.66 Equity Shares Sale HDFC Arbitrage Fund 1131000 220.26 HDFC Balanced Advantage Fund 295800 54.28 HDFC Capital Builder Value Fund 396550 76.43 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 1500 0.29 HDFC Equity Fund 500000 97.45 HDFC Focused Equity Fund - Plan B 110000 20.79 HDFC Index Fund - NIFTY 50 Plan 40076 7.78 HDFC Index Fund - Sensex Plan 12713 2.38 HDFC Index Fund - Sensex Plus Plan 1262 0.24 HDFC NIFTY 50 Exchange Traded Fund 7759 1.50 HDFC Sensex Exchange Traded Fund 33191 6.35 HDFC Top 100 Fund 1768510 336.98 Purchase HDFC Arbitrage Fund 733000 137.31 HDFC Capital Builder Value Fund 147500 26.44 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 38000 7.06 HDFC Childrens Gift Fund 200000 37.38 HDFC Equity Savings Fund 484000 90.24 HDFC Hybrid Equity Fund 700000 130.92 HDFC Index Fund - NIFTY 50 Plan 150333 28.76 HDFC Index Fund - Sensex Plan 59030 11.17 HDFC Index Fund - Sensex Plus Plan 5810 1.06 HDFC Multi - Asset Fund 23803 4.40 HDFC NIFTY 50 Exchange Traded Fund 41932 7.85 HDFC Retirement Savings Fund - Equity Plan 135000 24.81 HDFC Retirement Savings Fund - Hybrid Equity Plan 47000 8.75

81 HDFC MF SAI - dated June 28, 2019 Name of the Company Particulars Transaction Type Scheme Name Quantity (Nos.) Grand Total (in Rs. Crs) HDFC Sensex Exchange Traded Fund 28147 5.07 HDFC Top 100 Fund 120000 22.75 NCD/Bonds Sale HDFC Arbitrage Fund 150 158.31 HDFC Corporate Bond Fund 3816 761.03 HDFC Credit Risk Debt Fund 772 797.02 HDFC Dynamic Debt Fund 50 52.98 HDFC Equity Savings Fund 125 128.02 HDFC Floating Rate Debt Fund 1791 1,057.99 HDFC Floating Rate Income Fund - Long Term 40 39.88 HDFC FMP 1107D March 2016 (1) 5 0.25 HDFC FMP 1140D March 2016 (1) 5 5.29 HDFC HOF - I - 1140D November 2017 (1) 135 139.15 HDFC Hybrid Debt Fund 50 52.98 HDFC Income Fund 150 156.10 HDFC Liquid Fund 250 60.23 HDFC Low Duration Fund 1646 1,512.19 HDFC Medium Term Debt Fund 175 176.89 HDFC Multi - Asset Fund 15 14.93 HDFC Short Term Debt Fund 1710 641.19 HDFC Ultra Short Term Fund 398 375.01 Purchase HDFC Arbitrage Fund 225 228.85 HDFC Balanced Fund 50 52.15 HDFC Banking and PSU Debt Fund 1260 134.87 HDFC Corporate Bond Fund 4872 579.14 HDFC Credit Risk Debt Fund 630 189.79 HDFC Dual Advantage Fund - I - 1100D August 2015 25 2.51 HDFC Dual Advantage Fund - II - 1111D April 2016 11 11.78 HDFC Dual Advantage Fund - II - 1160D January 2016 25 2.51 HDFC Dual Advantage Fund - III - 1267D October 2016 20 2.10 HDFC Dual Advantage Fund - III - 1304D August 2016 34 3.57 HDFC Dynamic Debt Fund 50 52.85 HDFC Equity Savings Fund 75 75.08 HDFC Floating Rate Debt Fund 6391 664.09 HDFC FMP 1107D March 2016 (1) 19 19.41 HDFC FMP 1112D June 2016 (1) 1 1.05 HDFC FMP 1114D March 2016 (1) 25 25.26 HDFC FMP 1118D March 2019 (1) 223 22.49 HDFC FMP 1119D June 2018 (1) 1 0.99 HDFC FMP 1120D March 2019 (1) 138 13.93 HDFC FMP 1126D March 2019 (1) 391 39.12 HDFC FMP 1127D March 2019 (1) 59 5.90 HDFC FMP 1127D May 2016 (1) 4 4.23 HDFC FMP 1128D June 2016 (1) 5 5.26 HDFC FMP 1133D February 2019 (1) 273 27.31 HDFC FMP 1134D May 2018 (1) 1 0.99 HDFC FMP 1147D March 2018 (1) 1 0.99 HDFC FMP 1148D February 2016 (2) 1 1.06 HDFC FMP 1153D April 2016 (1) 8 8.46 HDFC FMP 1155D February 2016 (1) 5 5.37 HDFC FMP 1155D February 2017 (1) 8 0.84 HDFC FMP 1161D July 2016 (1) 1 1.05 HDFC FMP 1168D February 2016 (1) 2 2.12 HDFC FMP 1169D February 2017 (1) 27 2.84 HDFC FMP 1183D January 2016 (1) 1 1.06 HDFC FMP 1190D March 2016 (1) 53 55.37 HDFC FMP 1208D March 2018 (1) 1 0.99 HDFC FMP 1302D September 2016 (1) 11 1.16 HDFC FMP 1430D July 2017 (1) 1 0.99 HDFC FMP 1846D August 2013 (1) 5 0.25 HDFC HOF - I - 1140D November 2017 (1) 90 95.54 HDFC Hybrid Debt Fund 115 118.15 HDFC Income Fund 100 102.59 HDFC Liquid Fund 9047 6,842.99 HDFC Low Duration Fund 7211 1,685.14 HDFC Medium Term Debt Fund 550 99.71 HDFC Mid-Cap Opportunites Fund 50 54.30 HDFC Short Term Debt Fund 1065 169.92 HDFC Small Cap Fund 50 50.22 HDFC Ultra Short Term Fund 3698 697.54 Grand Total 8687953 20,886.38 Note :The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate Actions.

HDFC MF SAI - dated June 28, 2019 82 During the period April 1, 2016 to March 31, 2017, the Mutual Fund has invested in the following securities of the Associates

Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) ABB India Ltd. Equity Shares Purchase HDFC Prudence Fund 60000 7.15 Equity Shares Purchase HDFC Top 200 Fund 101000 11.91 Bosch Limited Equity Shares Purchase HDFC Arbitrage Fund 19925 44.83 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1099D March 2016 15 0.03 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1111D April 2016 50 0.11 Equity Shares Purchase HDFC Dual Advantage Fund - III – 1224D November 2016 24 0.05 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 28 0.06 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 40 0.09 Equity Shares Purchase HDFC Equity Savings Fund 75 0.17 Equity Shares Purchase HDFC Index Fund - Nifty Plan 246 0.54 Equity Shares Purchase HDFC Nifty Exchange Traded Fund 758 1.76 Equity Shares Sale HDFC Arbitrage Fund 9475 21.35 Equity Shares Sale HDFC Equity Savings Fund 2000 4.44 Equity Shares Sale HDFC Index Fund - Nifty Plan 166 0.39 Equity Shares Sale HDFC Nifty Exchange Traded Fund 93 0.21 Cadila Healthcare Equity Shares Purchase HDFC Arbitrage Fund 3200 0.12 Ltd. Equity Shares Sale HDFC Arbitrage Fund 3200 0.12 Equity Shares Sale HDFC Small Cap Fund 525000 20.78 HCL Technologies Equity Shares Purchase HDFC Arbitrage Fund 1116200 84.37 Ltd. Equity Shares Purchase HDFC Dual Advantage Fund - II - 1099D March 2016 975 0.08 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1111D April 2016 3500 0.25 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1224D November 2016 1470 0.12 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 1736 0.14 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 2700 0.21 Equity Shares Purchase HDFC Equity Savings Fund 30100 2.22 Equity Shares Purchase HDFC Index Fund - Nifty Plan 14531 1.21 Equity Shares Purchase HDFC Nifty Exchange Traded Fund 46832 3.76 Equity Shares Purchase HDFC Prudence Fund 1350000 111.15 Equity Shares Purchase HDFC Top 200 Fund 400000 30.20 Equity Shares Sale HDFC Arbitrage Fund 1116200 88.14 Equity Shares Sale HDFC Equity Savings Fund 30100 2.39 Equity Shares Sale HDFC Index Fund - Nifty Plan 10136 0.82 Equity Shares Sale HDFC Nifty Exchange Traded Fund 5864 0.48 Equity Shares Sale HDFC Prudence Fund 1081000 93.65 Equity Shares Sale HDFC Top 200 Fund 1107600 95.24 HDB Financial Commercial Paper Purchase HDFC Liquid Fund 1000 49.50 Services Ltd. Commercial Paper Sale HDFC Floating Rate Income Fund - Short Term Plan 1000 49.50 Commercial Paper Sale HDFC Liquid Fund 1000 50.00 Deep Discount Bonds Purchase HDFC Arbitrage Fund 505 59.65 Deep Discount Bonds Purchase HDFC Cash Management Fund - Savings Plan 500 59.03 Deep Discount Bonds Purchase HDFC Floating Rate Income Fund - Short Term Plan 250 29.55 Deep Discount Bonds Purchase HDFC FMP 1155D February 2017 (1) 125 12.52 Deep Discount Bonds Purchase HDFC FMP 1168D February 2016 (1) 1 0.11 Deep Discount Bonds Purchase HDFC FMP 1169D February 2017 (1) 217 21.76 Deep Discount Bonds Purchase HDFC FMP 1309D September 2016 (1) 5 0.50 Deep Discount Bonds Purchase HDFC Liquid Fund 250 29.58 Deep Discount Bonds Purchase HDFC Medium Term Opportunities Fund 2783 279.04 Deep Discount Bonds Purchase HDFC Prudence Fund 500 59.81 Deep Discount Bonds Sale HDFC Arbitrage Fund 500 60.11 Deep Discount Bonds Sale HDFC Cash Management Fund - Savings Plan 500 59.81 Deep Discount Bonds Sale HDFC Floating Rate Income Fund - Short Term Plan 250 29.58 Deep Discount Bonds Sale HDFC FMP 1105D December 2015 (1) 5 0.56 Deep Discount Bonds Sale HDFC FMP 1169D February 2017 (1) 5 0.50 Deep Discount Bonds Sale HDFC FMP 1183D January 2016 (1) 1 0.11 Deep Discount Bonds Sale HDFC FMP 370D August 2013 (4) 97 11.66 Deep Discount Bonds Sale HDFC FMP 370D September 2013 (1) 153 18.39 Deep Discount Bonds Sale HDFC FMP 371D July 2013 (1) 400 47.87 Deep Discount Bonds Sale HDFC Liquid Fund 250 30.06 Deep Discount Bonds Sale HDFC Medium Term Opportunities Fund 125 12.52 Deep Discount Bonds Sale HDFC Prudence Fund 500 59.83 NCD/ Khokha Purchase HDFC Cash Management Fund - Savings Plan 60 6.01 NCD/ Khokha Purchase HDFC Dual Advantage Fund - III - 1224D November 2016 59 6.09

83 HDFC MF SAI - dated June 28, 2019 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) NCD/ Khokha Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 70 7.20 NCD/ Khokha Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 50 5.01 NCD/ Khokha Purchase HDFC Liquid Fund 1750 175.45 NCD/ Khokha Purchase HDFC Medium Term Opportunities Fund 1000 101.64 NCD/ Khokha Purchase HDFC Short Term Opportunities Fund 500 50.00 NCD/ Khokha Sale HDFC Capital Protection Oriented Fund - Series I 440 44.00 NCD/ Khokha Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 242 24.20 NCD/ Khokha Sale HDFC Capital Protection Oriented Fund - SR II - 36M FEB 14 180 9.00 NCD/ Khokha Sale HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 400 20.00 NCD/ Khokha Sale HDFC Capital Protection Oriented Fund - Sr II - 36M June 14 300 15.00 NCD/ Khokha Sale HDFC Cash Management Fund-Savings Plan 60 6.00 NCD/ Khokha Sale HDFC Cash Management Fund - Treasury Advantage Plan 750 75.17 NCD/ Khokha Sale HDFC Debt Fund For Cancer Cure 2014 600 30.00 NCD/ Khokha Sale HDFC Floating Rate Income Fund - Short Term Plan 750 75.16 NCD/ Khokha Sale HDFC FMP 1143D July 2013 (1) 550 55.00 NCD/ Khokha Sale HDFC FMP 369D December 2013 (1) 22 2.20 NCD/ Khokha Sale HDFC FMP 370D November 2013 (1) 100 10.00 NCD/ Khokha Sale HDFC FMP 371D December 2013 (1) 68 6.80 NCD/ Khokha Sale HDFC FMP 435D March 2014 (1) 20 1.00 NCD/ Khokha Sale HDFC Liquid Fund 1750 175.00 HDB Financial NCD/ Khokha Sale HDFC Medium Term Opportunities Fund 979 100.13 Services Ltd. NCD/ Khokha Sale HDFC Short Term Opportunities Fund 210 21.01 HDFC Bank Ltd. Equity Shares Purchase HDFC Arbitrage Fund 1460000 181.73 Equity Shares Purchase HDFC Balanced Fund 3745500 520.86 Equity Shares Purchase HDFC Capital Builder Fund 266100 32.21 Equity Shares Purchase HDFC Childrens Gift Fund - Investment Plan 24000 2.84 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1099D March 2016 3400 0.37 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1111D April 2016 12000 1.40 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1224D November 2016 5250 0.62 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 6188 0.77 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 9700 1.23 Equity Shares Purchase HDFC Equity Fund 950000 136.85 Equity Shares Purchase HDFC Equity Savings Fund 244000 32.49 Equity Shares Purchase HDFC Focused Equity Fund - Plan B 30000 3.70 Equity Shares Purchase HDFC Growth Fund 75000 8.78 Equity Shares Purchase HDFC Index Fund - Nifty Plan 51405 6.83 Equity Shares Purchase HDFC Index Fund - Sensex Plan 21063 2.67 Equity Shares Purchase HDFC Index Fund - Sensex Plus Plan 5121 0.67 Equity Shares Purchase HDFC Large Cap Fund 90000 10.92 Equity Shares Purchase HDFC MF Monthly Income Plan - LTP 250000 29.96 Equity Shares Purchase HDFC Nifty Exchange Traded Fund 168063 22.10 Equity Shares Purchase HDFC Rajiv Gandhi Equity Savings Scheme - Series 2 10000 1.28 Equity Shares Purchase HDFC Retirement Savings Fund - Equity Plan 63000 8.73 Equity Shares Purchase HDFC Retirement Savings Fund - Hybrid Equity Plan 14200 1.94 Equity Shares Purchase HDFC Sensex Exchange Traded Fund 44708 5.50 Equity Shares Purchase HDFC Taxsaver 1053659 128.61 Equity Shares Purchase HDFC Top 200 Fund 1535000 208.02 Equity Shares Sale HDFC Arbitrage Fund 2590500 351.44 Equity Shares Sale HDFC Balanced Fund 2607500 366.67 Equity Shares Sale HDFC Capital Builder Fund 65000 9.08 Equity Shares Sale HDFC Capital Protection Oriented Fund - Series I 49341 6.31 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 16848 2.11 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Sep 13 57511 7.36 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M FEB 14 5000 0.69 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 20000 2.51 Equity Shares Sale HDFC Equity Fund 1226000 166.50 Equity Shares Sale HDFC Equity Savings Fund 204000 29.04 Equity Shares Sale HDFC Growth Fund 75000 10.65 Equity Shares Sale HDFC Index Fund - Nifty Plan 36017 4.73 Equity Shares Sale HDFC Index Fund - Sensex Plan 19666 2.41 Equity Shares Sale HDFC Index Fund - Sensex Plus Plan 25579 3.10 Equity Shares Sale HDFC Nifty Exchange Traded Fund 20947 2.73 Equity Shares Sale HDFC Prudence Fund 277000 35.32 Equity Shares Sale HDFC Rajiv Gandhi Equity Savings Scheme - Series 2 50000 6.95 Equity Shares Sale HDFC Sensex Exchange Traded Fund 27337 3.40

HDFC MF SAI - dated June 28, 2019 84 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) Equity Shares Sale HDFC Taxsaver 1040159 132.12 Equity Shares Sale HDFC Top 200 Fund 1257200 170.32 NCD/ Khokha Purchase HDFC Balanced Fund 500 50.00 NCD/ Khokha Purchase HDFC High Interest Fund - Dynamic Plan 250 25.00 NCD/ Khokha Purchase HDFC Prudence Fund 1250 125.00 NCD/ Khokha Sale HDFC High Interest Fund - Dynamic Plan 250 24.89 Indian Hotels Equity Shares Purchase HDFC Balanced Fund 3958500 46.33 Company Ltd. Equity Shares Purchase HDFC Capital Builder Fund 500000 5.74 Equity Shares Purchase HDFC Equity Savings Fund 300000 3.45 Equity Shares Purchase HDFC Mid-Cap Opportunites Fund 19318500 238.05 Equity Shares Purchase HDFC Premier Multi-Cap Fund 430000 4.95 Equity Shares Purchase HDFC Retirement Savings Fund - Equity Plan 30000 0.40 Equity Shares Purchase HDFC Retirement Savings Fund - Hybrid Equity Plan 74500 0.98 Equity Shares Purchase HDFC Small Cap Fund 400000 3.99 Equity Shares Purchase HDFC Taxsaver 2986000 32.35 Equity Shares Sale HDFC Growth Fund 628000 8.28 Mahindra & Equity Shares Purchase HDFC Arbitrage Fund 900300 127.17 Mahindra Ltd. Equity Shares Purchase HDFC Charity Fund For Cancer Cure - Arbitrage Plan 25000 3.20 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1099D March 2016 790 0.10 Mahindra & Equity Shares Purchase HDFC Dual Advantage Fund - II - 1111D April 2016 2900 0.38 Mahindra Ltd. Equity Shares Purchase HDFC Dual Advantage Fund - III - 1224D November 2016 1210 0.14 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 1428 0.19 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 2200 0.31 Equity Shares Purchase HDFC Equity Savings Fund 7200 0.97 Equity Shares Purchase HDFC Focused Equity Fund - Plan A 10000 1.36 Equity Shares Purchase HDFC Index Fund - Nifty Plan 11497 1.49 Equity Shares Purchase HDFC Index Fund - Sensex Plan 4550 0.62 Equity Shares Purchase HDFC Index Fund - Sensex Plus Plan 1188 0.16 Equity Shares Purchase HDFC Nifty Exchange Traded Fund 38725 5.33 Equity Shares Purchase HDFC Sensex Exchange Traded Fund 10295 1.35 Equity Shares Sale HDFC Arbitrage Fund 230800 32.09 Equity Shares Sale HDFC Capital Protection Oriented Fund - Series I 12316 1.79 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 13683 1.86 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Sep 13 9317 1.28 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M Feb 14 6000 0.78 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 8000 0.96 Equity Shares Sale HDFC Equity Savings Fund 15200 2.15 Equity Shares Sale HDFC Growth Fund 12000 1.56 Equity Shares Sale HDFC Index Fund - Nifty Plan 8925 1.21 Equity Shares Sale HDFC Index Fund - Sensex Plan 4575 0.63 Equity Shares Sale HDFC Index Fund - Sensex Plus Plan 5883 0.82 Equity Shares Sale HDFC Nifty Exchange Traded Fund 4893 0.62 Equity Shares Sale HDFC Sensex Exchange Traded Fund 6300 0.76 Network 18 Media Equity Shares Purchase HDFC MF Monthly Income Plan - LTP 1000000 4.03 & Investments Ltd Equity Shares Purchase HDFC Prudence Fund 6892529 27.44 Siemens Ltd. Equity Shares Purchase HDFC Arbitrage Fund 4100 0.49 Equity Shares Purchase HDFC Equity Fund 8000 0.96 Equity Shares Purchase HDFC Equity Savings Fund 30000 3.71 Equity Shares Purchase HDFC MF Monthly Income Plan - LTP 50000 5.60 Equity Shares Purchase HDFC Prudence Fund 474963 59.95 Equity Shares Sale HDFC Arbitrage Fund 57800 7.54 Equity Shares Sale HDFC Rajiv Gandhi Equity Savings Scheme - Series 2 8000 0.96 Strides Shasun Ltd. Equity Shares Purchase HDFC Mid-Cap Opportunites Fund 100000 12.04 Sun Pharmaceutical Equity Shares Purchase HDFC Arbitrage Fund 1985500 139.80 Industries Ltd. Equity Shares Purchase HDFC Dual Advantage Fund - II - 1099D March 2016 1870 0.16 Equity Shares Purchase HDFC Dual Advantage Fund - II - 1111D April 2016 6800 0.54 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1224D November 2016 2820 0.19 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1267D October 2016 3332 0.24 Equity Shares Purchase HDFC Dual Advantage Fund - III - 1304D August 2016 5200 0.40 Equity Shares Purchase HDFC Equity Savings Fund 200400 15.08 Equity Shares Purchase HDFC Focused Equity Fund - Plan A 10000 0.64 Equity Shares Purchase HDFC Growth Fund 122300 8.84 Equity Shares Purchase HDFC Index Fund - Nifty Plan 27264 1.90

85 HDFC MF SAI - dated June 28, 2019 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) Equity Shares Purchase HDFC Index Fund - Sensex Plan 10050 0.74 Equity Shares Purchase HDFC Index Fund - Sensex Plus Plan 2759 0.19 Equity Shares Purchase HDFC Nifty Exchange Traded Fund 91918 6.89 Equity Shares Purchase HDFC Sensex Exchange Traded Fund 23800 1.69 Equity Shares Purchase HDFC Top 200 Fund 2136000 144.46 Equity Shares Sale HDFC Arbitrage Fund 1411500 112.62 Equity Shares Sale HDFC Capital Protection Oriented Fund - III - 1173D January 2015 4 0.00 Equity Shares Sale HDFC Capital Protection Oriented Fund - Series I 3690 0.28 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr I - 36M Oct 13 9258 0.65 Equity Shares Sale HDFC Capital Protection Oriented Fund - SR II - 36M Feb 14 5400 0.37 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M Jan 14 15200 0.97 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M June 14 10 0.00 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr II - 36M May 14 17 0.00 Equity Shares Sale HDFC Capital Protection Oriented Fund - Sr III - 1100D Oct 14 10 0.00 Equity Shares Sale HDFC Equity Savings Fund 3000 0.18 Equity Shares Sale HDFC Index Fund - Nifty Plan 19894 1.45 Equity Shares Sale HDFC Index Fund - Sensex Plan 10746 0.81 Equity Shares Sale HDFC Index Fund - Sensex Plus Plan 14493 1.12 Equity Shares Sale HDFC Nifty Exchange Traded Fund 11701 0.75 Equity Shares Sale HDFC Rajiv Gandhi Equity Savings Scheme - Series 2 10000 0.68 Equity Shares Sale HDFC Sensex Exchange Traded Fund 14555 0.94 Note: The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate actions. During the period April 1, 2017 to March 31, 2018, the Mutual Fund has invested in the following securities of the Associates

Name of the Company Particulars Scheme Name Transaction Quantity Grand Total Type (Nos.) (in Rs. Crs) HDFC Bank Ltd. Equity Shares HDFC MF Monthly Income Plan-Long Term Plan SALE 100000 18.31 HDFC Multiple Yield Fund PUR 784400 139.61 HDFC Arbitrage Fund PUR 67500 12.91 HDFC Arbitrage Fund SALE 67500 12.67 HDFC Top 200 Fund SALE 1459000 265.48 HDFC Equity Fund PUR 794600 147.26 HDFC Equity Fund SALE 613000 114.88 HDFC Prudence Fund PUR 3193547 548.45 HDFC Nifty Exchange Traded Fund PUR 127042 20.49 HDFC Nifty Exchange Traded Fund SALE 205399 32.58 HDFC Index Fund-Sensex Plan PUR 11533 2.17 HDFC Index Fund-Sensex Plan SALE 19656 3.49 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 SALE 9000 1.64 HDFC Premier Multi-Cap Fund PUR 136000 23.10 HDFC Premier Multi-Cap Fund SALE 20000 3.78 HDFC Focused Equity Fund - Plan A SALE 74200 13.96 HDFC Sensex Exchange Traded Fund PUR 34782 6.39 HDFC Sensex Exchange Traded Fund SALE 11773 2.17 HDFC Balanced Fund PUR 4869500 863.75 HDFC Balanced Fund SALE 1436000 242.16 HDFC HOF - I - 1140D November 2017 (1) - Series 1 PUR 429900 80.35 HDFC Capital Protection Oriented Fund - SR II- 36M June 14 SALE 14000 2.35 HDFC Equity Opportunities Fund - II - 1100D June 2017 (1) PUR 250000 42.32 HDFC Childrens Gift Fund-Investment Plan PUR 180000 33.30 HDFC Tax Saver PUR 1036000 188.14 HDFC Tax Saver SALE 100000 18.00 HDFC Index Fund-Nifty Plan PUR 65857 11.96 HDFC Index Fund-Nifty Plan SALE 40992 7.35 HDFC Growth Fund SALE 80000 14.46 HDFC Core & Satellite Fund PUR 335000 58.84 HDFC Core & Satellite Fund SALE 80000 15.37 HDFC Retirement Savings Fund - Equity Plan PUR 50000 9.02 HDFC Index Fund-Sensex Plus Plan PUR 12754 2.25 HDFC Index Fund-Sensex Plus Plan SALE 25835 4.65 HDFC Capital Builder Fund PUR 455266 83.75 HDFC Retirement Savings Fund - Hybrid-Equity Plan PUR 15300 2.50 HDFC Capital Protection Oriented Fund - SR II- 36M May 14 SALE 13000 2.09 HDFC Equity Opportunities Fund - II - 1126D May 2017 (1) PUR 517000 86.54 HDFC Long Term Advantage Fund PUR 240000 44.64 HDFC Long Term Advantage Fund SALE 30000 5.65 HDFC Large Cap Fund SALE 223987 37.55

HDFC MF SAI - dated June 28, 2019 86 Name of the Company Particulars Scheme Name Transaction Quantity Grand Total Type (Nos.) (in Rs. Crs) NCD/ Khokha HDFC MF Monthly Income Plan-Long Term Plan PUR 500 50.04 HDFC Multiple Yield Fund PUR 1030 104.82 HDFC Prudence Fund PUR 10650 1,066.87 HDFC Prudence Fund SALE 1750 178.68 HDFC High Interest Fund-Short Term Plan PUR 500 50.00 HDFC Banking and PSU Debt Fund PUR 1300 130.57 HDFC Banking and PSU Debt Fund SALE 500 49.99 HDFC Corporate Debt Opportunities Fund PUR 4550 456.89 Bills Re-discounting HDFC Liquid Fund PUR 8 735.76 HDFC Cash Management Fund-Savings Plan PUR 3 245.25 Siemens Ltd. Equity Shares HDFC Multiple Yield Fund PUR 30000 3.89 HDFC Multiple Yield Fund SALE 60000 8.38 HDFC Arbitrage Fund PUR 50000 6.72 HDFC Arbitrage Fund SALE 73000 9.19 HDFC Top 200 Fund PUR 275000 35.11 HDFC Equity Fund PUR 261000 34.70 HDFC Prudence Fund PUR 654000 80.56 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 SALE 3000 0.38 HDFC Premier Multi-Cap Fund SALE 60000 7.62 HDFC Focused Equity Fund - Plan A SALE 17611 2.24 HDFC Infrastructure Fund SALE 120000 16.81 HDFC Tax Saver PUR 3000 0.38 HDFC Tax Saver SALE 307632 37.10 Sun Pharmaceutical Industries Ltd. Equity Shares HDFC Multiple Yield Fund PUR 1475600 84.81 HDFC Multiple Yield Fund SALE 214400 12.29 HDFC Arbitrage Fund PUR 3386000 184.29 HDFC Arbitrage Fund SALE 840300 45.70 HDFC Top 200 Fund PUR 2800000 138.24 HDFC Top 200 Fund SALE 2160000 104.04 HDFC Nifty Exchange Traded Fund PUR 69858 4.08 HDFC Nifty Exchange Traded Fund SALE 113378 6.47 HDFC Index Fund-Sensex Plan PUR 6066 0.31 HDFC Index Fund-Sensex Plan SALE 10619 0.59 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 SALE 3990 0.22 HDFC Focused Equity Fund - Plan A SALE 25000 1.44 HDFC Sensex Exchange Traded Fund PUR 18453 0.96 HDFC Sensex Exchange Traded Fund SALE 6271 0.34 HDFC Capital Protection Oriented Fund - SR II- 36M June 14 SALE 3990 0.22 HDFC Equity Opportunities Fund - II - 1100D June 2017 (1) PUR 200000 9.78 HDFC Index Fund-Nifty Plan PUR 35273 1.90 HDFC Index Fund-Nifty Plan SALE 22907 1.19 HDFC Growth Fund PUR 100000 5.18 HDFC Index Fund-Sensex Plus Plan PUR 6696 0.34 HDFC Index Fund-Sensex Plus Plan SALE 15097 0.86 HDFC Capital Protection Oriented Fund - SR II- 36M May 14 SALE 6483 0.37 HDFC Charity Fund for Cancer Cure - Arbitrage Plan PUR 20900 1.21 HCL Technologies Ltd. Equity Shares HDFC Multiple Yield Fund PUR 170100 14.52 HDFC Multiple Yield Fund SALE 3500 0.30 HDFC Arbitrage Fund PUR 647500 57.48 HDFC Arbitrage Fund SALE 414400 36.44 HDFC Dual Advantage Fund - II - 1111D April 2016 SALE 3500 0.31 HDFC Top 200 Fund PUR 823000 72.25 HDFC Top 200 Fund SALE 15408 1.54 HDFC Dual Advantage Fund - III - 1304D August 2016 SALE 2700 0.24 HDFC Dual Advantage Fund - III – 1224D November 2016 SALE 1470 0.13 HDFC Prudence Fund SALE 269000 22.53 HDFC Nifty Exchange Traded Fund PUR 35696 3.09 HDFC Nifty Exchange Traded Fund SALE 58307 5.07 HDFC Dual Advantage Fund - II - 1160D January 2016 SALE 5100 0.45 HDFC Capital Protection Oriented Fund - Series III - 1173D January 2015 SALE 25 0.00 HDFC Index Fund-Nifty Plan PUR 18321 1.66 HDFC Index Fund-Nifty Plan SALE 12601 1.15 HDFC Dual Advantage Fund - II - 1099D March 2016 SALE 975 0.09 HDFC Dual Advantage Fund - III - 1267D October 2016 SALE 1736 0.15

87 HDFC MF SAI - dated June 28, 2019 Name of the Company Particulars Scheme Name Transaction Quantity Grand Total Type (Nos.) (in Rs. Crs) HDFC Dual Advantage Fund - I - 1100D August 2015 SALE 76 0.01 ABB India Ltd. Equity Shares HDFC Top 200 Fund SALE 746904 108.03 HDFC Equity Fund PUR 108000 14.98 HDFC Equity Fund SALE 108000 17.28 HDFC Prudence Fund PUR 1715000 242.48 Bosch Limited Equity Shares HDFC Multiple Yield Fund PUR 425 1.01 HDFC Multiple Yield Fund SALE 400 0.75 HDFC Arbitrage Fund PUR 450 1.01 HDFC Arbitrage Fund SALE 10900 23.47 HDFC Dual Advantage Fund - II - 1111D April 2016 SALE 50 0.10 HDFC Dual Advantage Fund - III - 1304D August 2016 SALE 40 0.08 HDFC Dual Advantage Fund - III – 1224D November 2016 SALE 24 0.05 HDFC Nifty Exchange Traded Fund PUR 576 1.33 HDFC Nifty Exchange Traded Fund SALE 1375 3.00 HDFC Dual Advantage Fund - II - 1160D January 2016 SALE 80 0.17 HDFC Index Fund-Nifty Plan PUR 268 0.55 HDFC Index Fund-Nifty Plan SALE 892 1.65 HDFC Dual Advantage Fund - II - 1099D March 2016 SALE 15 0.03 HDFC Dual Advantage Fund - III - 1267D October 2016 SALE 28 0.06 HDB Financial Services Ltd. Deep Discount Bonds HDFC Medium Term Opportunities Fund SALE 15 1.54 HDFC Short Term Opportunities Fund SALE 460 55.49 HDFC Multiple Yield Fund PUR 460 55.49 HDFC Multiple Yield Fund SALE 460 55.79 HDB Financial Services Ltd. HDFC Balanced Fund PUR 460 55.79 HDFC Liquid Fund PUR 250 33.05 HDFC Liquid Fund SALE 250 33.37 HDFC FMP 370D March 2014 (1) - Series 29 PUR 5 0.51 HDFC FMP 1143D March 2018 (1) PUR 800 80.17 HDFC FMP 1150D February 2017 (1) - Series 37 PUR 10 1.03 HDFC FMP 1147D March 2018 (1) PUR 500 50.08 NCD/ Khokha HDFC Medium Term Opportunities Fund PUR 3250 325.39 HDFC Medium Term Opportunities Fund SALE 800 69.08 HDFC Floating Rate Income Fund-Short Term Plan PUR 2090 185.79 HDFC Floating Rate Income Fund-Short Term Plan SALE 1590 134.57 HDFC Short Term Opportunities Fund PUR 1500 150.34 HDFC Short Term Opportunities Fund SALE 960 71.59 HDFC MF Monthly Income Plan-Long Term PUR 940 94.40 HDFC MF Monthly Income Plan-Long Term SALE 940 94.24 HDFC Capital Protection Orient Fund - Sr -III- 1207D December 2014 SALE 100 10.00 HDFC FMP 1111D November 2014 (1) - Series 32 PUR 80 4.03 HDFC FMP 1111D November 2014 (1) - Series 32 SALE 80 4.00 HDFC CORPORATE DEBT OPPORTUNITIES FUND PUR 500 50.00 HDFC Corporate Debt Opportunities Fund SALE 500 49.87 HDFC Liquid Fund PUR 620 31.17 HDFC Liquid Fund SALE 620 31.00 HDFC Cash Management Fund-Savings Plan PUR 840 84.32 HDFC Cash Management Fund-Savings Plan SALE 840 84.00 HDFC Cash Management Fund-Treasury Advantage Plan PUR 350 25.35 HDFC Cash Management Fund-Treasury Advantage Plan SALE 350 25.20 HDFC Short Term Plan PUR 500 50.01 HDFC FMP 1167D January 2016 (1) - Series 35 PUR 60 6.07 HDFC FMP 1150D MARCH 2018 (1) PUR 187 18.31 HDFC Capital Protection Oriented Fund - Series III - 1173D January 2015 SALE 60 6.00 HDFC FMP 1132D February 2016 (1) - Series 35 PUR 7 0.71 HDFC FMP 1140D March 2016 (1) - Series 35 PUR 75 7.56 HDFC Floating Rate Income Fund-Long Term Plan PUR 750 74.82 HDFC FMP 1430D July 2017 (1) PUR 65 6.51 HDFC FMP 1107D March 2016 (1) - Series 36 PUR 10 1.01 HDFC FMP 793D February 2014 (1) - Series 29 PUR 3 0.31 HDFC FMP 1165D April 2017 (1) PUR 6 0.62 HDFC FMP 1155D February 2016 (1) - Series 35 PUR 17 1.71 HDFC FMP 1158D February 2018 (1) PUR 300 29.32 HDFC FMP 1113D June 2016 (1) - Series 36 PUR 20 2.02 HDFC FMP 1302D September 2016 (1) - Series 37 PUR 12 1.21 HDFC FMP 1153D April 2016 (1) - Series 36 PUR 8 0.81

HDFC MF SAI - dated June 28, 2019 88 Name of the Company Particulars Scheme Name Transaction Quantity Grand Total Type (Nos.) (in Rs. Crs) Cadila Healthcare Ltd. Equity Shares HDFC Multiple Yield Fund PUR 97600 4.14 HDFC Arbitrage Fund PUR 110400 5.15 HDFC Balanced Fund SALE 1075000 47.72 Network 18 Media & Investments Ltd Equity Shares HDFC Equity Fund SALE 12939400 68.97 HDFC Prudence Fund PUR 12939400 68.97 HDFC Prudence Fund SALE 3955000 19.00 HDFC Core & Satellite Fund SALE 1700000 8.60 The Indian Hotels Company Ltd. Equity Shares HDFC Multiple Yield Fund SALE 300000 4.10 HDFC Premier Multi-Cap Fund PUR 86000 0.65 HDFC Premier Multi-Cap Fund SALE 430000 4.64 HDFC Balanced Fund PUR 4531020 43.39 HDFC Childrens Gift Fund-Investment Plan PUR 206200 1.55 HDFC Tax Saver PUR 440400 3.30 HDFC Tax Saver SALE 3426400 39.52 HDFC Retirement Savings Fund - Equity Plan PUR 36000 0.27 HDFC Mid-Cap Opportunities Fund PUR 8866700 88.50 HDFC Capital Builder Fund SALE 500000 6.64 HDFC Retirement Savings Fund - Hybrid-Equity Plan PUR 14900 0.11 HDFC Retirement Savings Fund - Hybrid-Debt Plan PUR 2600 0.02 HDFC Small and Mid Cap Fund PUR 728200 8.32 Maruti Suzuki India Limited Equity Shares HDFC MF Monthly Income Plan-Long Term Plan SALE 28900 22.80 HDFC Multiple Yield Fund PUR 85300 73.29 HDFC Multiple Yield Fund SALE 7050 6.53 HDFC Arbitrage Fund PUR 68550 59.55 HDFC Arbitrage Fund SALE 148800 129.67 HDFC Top 200 Fund SALE 419700 362.06 HDFC Equity Fund SALE 937978 769.86 HDFC Dual Advantage Fund – III – 1224D November 2016 SALE 70 0.07 HDFC Nifty Exchange Traded Fund PUR 592 0.51 HDFC Nifty Exchange Traded Fund SALE 287 0.25 HDFC Index Fund-Sensex Plan PUR 749 0.66 HDFC Index Fund-Sensex Plan SALE 739 0.65 HDFC Capital Protection Orient Fund -Sr III- 1100D October 2014 SALE 1000 0.82 HDFC Focused Equity Fund - Plan A SALE 8000 7.14 HDFC Sensex Exchange Traded Fund PUR 2191 1.87 HDFC Sensex Exchange Traded Fund SALE 722 0.60 HDFC Infrastructure Fund SALE 3100 2.35 HDFC Tax Saver SALE 265912 219.51 HDFC Dual Advantage Fund - II - 1160D January 2016 SALE 150 0.14 HDFC Index Fund-Nifty Plan PUR 3408 2.95 HDFC Index Fund-Nifty Plan SALE 1770 1.56 HDFC Growth Fund SALE 15000 11.48 HDFC Core & Satellite Fund SALE 28300 23.35 HDFC Index Fund-Sensex Plus Plan PUR 420 0.33 HDFC Index Fund-Sensex Plus Plan SALE 1213 1.09 HDFC Dual Advantage Fund - III - 1267D October 2016 SALE 60 0.06 HDFC Large Cap Fund SALE 98000 86.40 HDFC Focused Equity Fund - Plan B SALE 8000 6.72 Torrent Power Ltd. Equity Shares HDFC Arbitrage Fund PUR 225000 5.72 HDFC Arbitrage Fund SALE 189000 4.95 Mahindra & Mahindra Ltd. Equity Shares HDFC Multiple Yield Fund PUR 48000 6.57 HDFC Arbitrage Fund PUR 39500 5.16 HDFC Arbitrage Fund SALE 153000 20.57 HDFC Dual Advantage Fund - II - 1111D April 2016 SALE 600 0.09 HDFC Top 200 Fund PUR 1500000 211.15 HDFC Nifty Exchange Traded Fund PUR 27327 3.60 HDFC Nifty Exchange Traded Fund SALE 46811 6.45 HDFC Index Fund-Sensex Plan SALE 1988 0.27 HDFC Sensex Exchange Traded Fund SALE 155 0.02 HDFC Capital Protection Oriented Fund - SR II- 36M June 14 SALE 8000 1.09 HDFC Index Fund-Nifty Plan PUR 2827 0.39 HDFC Index Fund-Nifty Plan SALE 2447 0.34 HDFC Index Fund-Sensex Plus Plan PUR 741 0.10 HDFC Index Fund-Sensex Plus Plan SALE 2127 0.29

89 HDFC MF SAI - dated June 28, 2019 Name of the Company Particulars Scheme Name Transaction Quantity Grand Total Type (Nos.) (in Rs. Crs) HDFC Capital Builder Fund PUR 150000 21.00 HDFC Capital Protection Oriented Fund - SR II- 36M May 14 SALE 4300 0.57 HDFC Large Cap Fund SALE 25000 3.30 Note: The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate actions.

During the period April 1, 2018 to March 31, 2019, the Mutual Fund has invested in the following securities of the Associates

Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) ABB India Ltd. Equity Shares Sale HDFC Balanced Advantage Fund 1210300 158.24 HDFC Equity Savings Fund 100000 13.65 HDFC Top 100 Fund 503372 64.42 Purchase HDFC Equity Savings Fund 100000 12.56 Bosch Limited Equity Shares Sale HDFC Arbitrage Fund 60 0.13 HDFC Dual Advantage Fund - I - 1100D August 2015 60 0.13 HDFC Equity Savings Fund 100 0.17 Purchase HDFC Arbitrage Fund 1830 3.75 HDFC Equity Savings Fund 150 0.29 Cadila Healthcare Ltd. Equity Shares Sale HDFC Arbitrage Fund 14400 0.54 Purchase HDFC Arbitrage Fund 139200 5.54 HDFC Equity Savings Fund 211200 8.44 HDB Financial Services Ltd. Deep Discount Bonds Sale HDFC Corporate Bond Fund 755 80.31 HDFC FMP 1169D February 2017 (1) 10 1.10 HDFC FMP 1183D January 2016 (1) 1 0.12 HDFC Low Duration Fund 885 90.60 Purchase HDFC Corporate Bond Fund 565 56.76 HDFC FMP 1099D June 2018 (1) 200 20.13 HDFC FMP 1105D August 2018 (1) 30 3.05 HDFC FMP 1105D August 2018 (2) 225 22.96 HDFC FMP 1113D June 2018 (1) 50 5.02 HDFC FMP 1119D June 2018 (1) 100 10.03 HDFC FMP 1122D July 2018 (1) 85 8.57 HDFC FMP 1126D March 2019 (1) 245 25.50 HDFC FMP 1127D March 2019 (1) 5 0.52 HDFC FMP 1133D February 2019 (1) 67 6.93 HDFC FMP 1146D February 2019 (1) 41 4.24 HDFC FMP 1154D February 2019 (1) 45 4.64 HDFC FMP 1155D February 2016 (1) 1 0.12 HDFC FMP 1168D January 2019 (1) 38 3.90 HDFC FMP 1175D January 2019 (1) 50 5.12 HDFC FMP 1182D January 2019 (1) 131 13.39 HDFC FMP 1190D January 2019 (1) 82 8.37 HDFC FMP 1196D December 2018 (1) 26 2.63 HDFC FMP 1203D December 2018 (1) 64 6.47 HDFC FMP 1211D December 2018 (1) 16 1.62 HDFC FMP 1213D March 2017 (1) 10 1.10 HDFC FMP 1218D December 2018 (1) 40 4.05 HDFC FMP 1224D December 2018 (1) 29 2.92 HDFC FMP 1232D November 2018 (1) 433 44.12 HDFC FMP 1274D October 2018 (1) 7 0.71 HDFC Low Duration Fund 885 89.53 NCD/Bonds Sale HDFC Corporate Bond Fund 521 52.10 HDFC Floating Rate Debt Fund 500 49.92 HDFC Floating Rate Income Fund - Long Term 750 74.44 HDFC FMP 1140D March 2016 (1) 58 6.23 HDFC Short Term Debt Fund 1980 200.34 Purchase HDFC Childrens Gift Fund 150 15.18 HDFC Corporate Bond Fund 21 2.07 HDFC Floating Rate Debt Fund 250 25.02 HDFC FMP 1113D June 2016 (1) 28 3.01 HDFC FMP 1114D March 2016 (1) 30 3.22 HDFC FMP 1115D September 2018 (1) 140 13.93 HDFC FMP 1122D August 2018 (1) 180 17.91 HDFC FMP 1134D May 2018 (1) 21 2.05 HDFC FMP 1181D April 2018 (1) 129 12.72

HDFC MF SAI - dated June 28, 2019 90 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) HDFC FMP 1246D November 2018 (1) 220 22.22 HDFC FMP 1260D October 2018 (1) 47 4.72 HDFC FMP 1265D October 2018 (1) 122 12.25 HDFC FMP 1274D October 2018 (1) 238 23.85 HDFC FMP 1280D October 2018 (1) 80 8.02 HDFC FMP 1344D October 2018 (1) 25 2.51 HDFC FMP 1372D September 2018 (1) 115 11.52 HDFC FMP 1381D September 2018 (1) 288 28.55 HDFC FMP 1434D May 2018 (1) 45 4.51 HDFC Liquid Fund 1930 198.12 HDFC Bank Ltd. Equity Shares Sale HDFC Arbitrage Fund 660750 137.26 HDFC Balanced Advantage Fund 569000 114.17 HDFC Capital Protection Oriented Fund- Sr III - 1207D Dec 14 6000 1.15 HDFC Capital Protection Oriented Fund-III-1173D January 2015 3500 0.68 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 31000 6.60 HDFC Dual Advantage Fund - I - 1100D August 2015 11000 2.28 HDFC Equity Fund 1687000 351.66 HDFC Equity Opp Fund - II - 1100D June 2017 (1) 80000 17.35 HDFC Equity Opp Fund - II - 1126D May 2017 (1) 232869 48.97 HDFC Equity Savings Fund 119250 25.09 HDFC Focused 30 Fund 100000 21.14 HDFC Focused Equity Fund - Plan B 240500 46.31 HDFC Growth Opportunities Fund 415000 84.92 HDFC HOF - I - 1140D November 2017 (1) 250000 52.54 HDFC Index Fund - NIFTY 50 Plan 44576 9.38 HDFC Index Fund - Sensex Plan 18396 3.80 HDFC Index Fund - Sensex Plus Plan 1551 0.30 HDFC Long Term Advantage Plan 155000 32.72 HDFC NIFTY 50 Exchange Traded Fund 6086 1.31 HDFC Prudence Fund 275000 52.68 HDFC Sensex Exchange Traded Fund 41517 8.71 HDFC Taxsaver 125000 26.60 HDFC Top 100 Fund 1103000 228.62 Purchase HDFC Arbitrage Fund 660750 130.35 HDFC Balanced Fund 240500 46.31 HDFC Capital Builder Value Fund 565548 114.09 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 31000 5.89 HDFC Childrens Gift Fund 60000 12.17 HDFC Equity Savings Fund 119250 24.16 HDFC Focused 30 Fund 5000 1.00 HDFC Growth Opportunities Fund 50000 10.74 HDFC HOF - I - 1140D November 2017 (1) 450000 92.43 HDFC Index Fund - NIFTY 50 Plan 199028 41.93 HDFC Index Fund - Sensex Plan 78428 16.33 HDFC Index Fund - Sensex Plus Plan 7144 1.43 HDFC Multi - Asset Fund 54124 11.46 HDFC NIFTY 50 Exchange Traded Fund 57082 12.01 HDFC Retirement Savings Fund - Equity Plan 83000 17.16 HDFC Retirement Savings Fund - Hybrid Equity Plan 10000 2.02 HDFC Sensex Exchange Traded Fund 35990 7.35 HDFC Top 100 Fund 700000 142.80 NCD/Bonds Sale HDFC Balanced Advantage Fund 3470 358.14 HDFC Banking and PSU Debt Fund 250 24.67 HDFC Credit Risk Debt Fund 170 18.04 HDFC Equity Savings Fund 10 1.05 HDFC Hybrid Debt Fund 200 20.79 HDFC Prudence Fund 550 55.39 Purchase HDFC Hybrid Debt Fund 200 20.76 Indian Hotels Company Ltd. Equity Shares Purchase HDFC Growth Opportunities Fund 2243541 29.51 HDFC Hybrid Equity Fund 650000 9.48 HDFC Mid-Cap Opportunites Fund 9448082 123.99 HDFC Retirement Savings Fund - Equity Plan 335000 4.26 HDFC Retirement Savings Fund - Hybrid Equity Plan 80000 1.15 HDFC Small Cap Fund 9347967 130.29

91 HDFC MF SAI - dated June 28, 2019 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) Maruti Suzuki India Limited Equity Shares Sale HDFC Arbitrage Fund 81525 69.12 HDFC Balanced Advantage Fund 25200 21.96 HDFC Capital Protection Oriented Fund- Sr III - 1207D Dec 14 600 0.55 HDFC Capital Protection Oriented Fund-III-1173D January 2015 400 0.36 HDFC Childrens Gift Fund 32000 23.99 HDFC Dual Advantage Fund - I - 1100D August 2015 1500 1.35 HDFC Dual Advantage Fund - II - 1099D March 2016 30 0.03 HDFC Dual Advantage Fund - II - 1111D April 2016 125 0.11 HDFC Dual Advantage Fund - II - 1160D January 2016 50 0.05 HDFC Dual Advantage Fund - III - 1267D October 2016 50 0.05 HDFC Equity Savings Fund 51850 47.66 HDFC Focused 30 Fund 16700 14.95 HDFC Focused Equity Fund - Plan B 16500 14.84 HDFC Hybrid Equity Fund 20000 17.49 HDFC Index Fund - NIFTY 50 Plan 2973 2.71 HDFC Index Fund - Sensex Plan 1208 0.97 HDFC Index Fund - Sensex Plus Plan 101 0.09 HDFC Multi - Asset Fund 1890 1.30 HDFC NIFTY 50 Exchange Traded Fund 501 0.41 HDFC Retirement Savings Fund - Equity Plan 4600 3.48 HDFC Retirement Savings Fund - Hybrid Equity Plan 2000 1.51 HDFC Sensex Exchange Traded Fund 2718 2.17 HDFC Top 100 Fund 28881 27.24 Purchase HDFC Arbitrage Fund 137175 105.34 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 6450 4.96 HDFC Equity Savings Fund 73650 54.15 HDFC Index Fund - NIFTY 50 Plan 12013 9.41 HDFC Index Fund - Sensex Plan 4482 3.42 HDFC Index Fund - Sensex Plus Plan 461 0.40 HDFC Multi - Asset Fund 1890 1.67 HDFC NIFTY 50 Exchange Traded Fund 3350 2.38 HDFC Sensex Exchange Traded Fund 2220 1.61 Network 18 Media & Investments Ltd. Equity Shares Sale HDFC Balanced Advantage Fund 3000000 13.05 HDFC Capital Builder Value Fund 6033000 25.99 HDFC Hybrid Debt Fund 1000000 4.48 HDFC Prudence Fund 18206929 94.02 Purchase HDFC Capital Builder Value Fund 4000000 20.08 Persistent Systems Ltd. Equity Shares Sale HDFC Capital Builder Value Fund 84355 7.35 HDFC Childrens Gift Fund 66700 3.69 HDFC Equity Savings Fund 146700 12.65 HDFC Mid-Cap Opportunites Fund 200000 11.13 HDFC Taxsaver 10000 0.78 Purchase HDFC Balanced Fund 191500 14.60 HDFC Capital Builder Value Fund 758500 45.43 HDFC Taxsaver 116700 9.00 RBL Bank Ltd. Equity Shares Sale HDFC Arbitrage Fund 4800 0.27 HDFC Growth Opportunities Fund 51152 2.84 Purchase HDFC Arbitrage Fund 4800 0.27 S H Kelkar and Company Ltd. Equity Shares Purchase HDFC Capital Builder Value Fund 2454200 41.81 Siemens Ltd. Equity Shares Sale HDFC Arbitrage Fund 37000 3.85 HDFC Balanced Advantage Fund 52500 5.05 HDFC Equity Fund 1004259 96.44 HDFC Equity Savings Fund 6500 0.68 HDFC Focused Equity Fund - Plan B 16800 1.92 HDFC Hybrid Debt Fund 68000 7.01 HDFC Infrastructure Fund 278523 27.43 HDFC Taxsaver 190368 19.74 HDFC Top 100 Fund 684015 68.71 Purchase HDFC Arbitrage Fund 43000 3.98 HDFC Equity Savings Fund 17500 1.68 Sun Pharmaceutical Industries Ltd. Equity Shares Sale HDFC Arbitrage Fund 1881000 122.64 HDFC Balanced Advantage Fund 222300 12.24 HDFC Capital Protection Oriented Fund-III-1173D January 2015 1496 0.08

HDFC MF SAI - dated June 28, 2019 92 Name of the Particulars Transaction Scheme Name Quantity (Nos.) Grand Total (in Company Type Rs. Crs) HDFC Dual Advantage Fund - I - 1100D August 2015 3500 0.23 HDFC Equity Opp Fund - II - 1100D June 2017 (1) 200000 11.45 HDFC Equity Savings Fund 447700 28.65 HDFC Index Fund - NIFTY 50 Plan 23158 1.40 HDFC Index Fund - Sensex Plan 4588 0.24 HDFC Index Fund - Sensex Plus Plan 822 0.04 HDFC Multi - Asset Fund 15687 0.89 HDFC NIFTY 50 Exchange Traded Fund 2699 0.15 HDFC Sensex Exchange Traded Fund 13471 0.69 HDFC Top 100 Fund 2776000 153.66 Purchase HDFC Arbitrage Fund 172700 9.40 HDFC Equity Savings Fund 287100 14.36 HDFC Index Fund - NIFTY 50 Plan 42866 2.47 HDFC Index Fund - Sensex Plan 15168 0.87 HDFC Index Fund - Sensex Plus Plan 3787 0.18 HDFC Multi - Asset Fund 15687 0.76 HDFC NIFTY 50 Exchange Traded Fund 2878 0.16 HDFC Sensex Exchange Traded Fund 9369 0.57 Tata Consultancy Services Ltd. Equity Shares Sale HDFC Index Fund - NIFTY 50 Plan 3557 0.68 HDFC Index Fund - Sensex Plan 6390 1.25 HDFC Multi - Asset Fund 14149 2.84 HDFC NIFTY 50 Exchange Traded Fund 2456 0.48 HDFC Sensex Exchange Traded Fund 8328 1.66 Purchase HDFC Arbitrage Fund 355500 68.46 HDFC Balanced Advantage Fund 809000 151.47 HDFC Charity Fund For Cancer Cure - Arbitrage Plan 2750 0.52 HDFC Equity Fund 235000 45.10 HDFC Equity Savings Fund 62000 11.84 HDFC Index Fund - NIFTY 50 Plan 38328 7.58 HDFC Index Fund - Sensex Plan 15305 3.03 HDFC NIFTY 50 Exchange Traded Fund 15190 3.01 HDFC Sensex Exchange Traded Fund 3927 0.78 HDFC Top 100 Fund 250000 46.29 The Tata Power Company Ltd. Commercial Paper Sale HDFC Liquid Fund 6500 323.87 HDFC Money Market Fund 4000 197.08 Purchase HDFC Liquid Fund 6500 322.19 HDFC Money Market Fund 4000 196.42 Equity Shares Sale HDFC Equity Savings Fund 414000 2.85 Purchase HDFC Arbitrage Fund 216000 1.59 HDFC Equity Savings Fund 261000 2.02 NCD/Bonds Sale HDFC Credit Risk Debt Fund 500 50.46 HDFC Floating Rate Debt Fund 500 51.37 Purchase HDFC Low Duration Fund 500 51.37 Torrent Power Ltd. Equity Shares Sale HDFC Arbitrage Fund 66000 1.69 Purchase HDFC Arbitrage Fund 24000 0.58 TV18 Broadcast Ltd. Equity Shares Sale HDFC Arbitrage Fund 153000 0.57 HDFC Growth Opportunities Fund 280000 0.97 Purchase HDFC Arbitrage Fund 170000 0.60

Note: The above compilation considers only direct investments made by the Scheme(s) and does not include any Corporate actions.

93 HDFC MF SAI - dated June 28, 2019 Underwriting Obligations with respect to issues of Associate Companies – The AMC has, till date not entered into any Underwriting contracts in respect of any public issue made by any of its associate companies. Subscription in issues lead managed by the Sponsor or any of its associates – The details of subscription to issues lead managed by the Sponsor or any of its Associates are as follows:

Period Particulars April 1, 2016 to March 31, 2017 Refer Note 1 Below April 1, 2017 to March 31, 2018 Refer Note 2 Below April 1, 2018 to March 31, 2019 Refer Note 3 Below Note 1: Name of Scheme Name of Security Type of Security Amount (Rs. in crores) HDFC Floating Rate Income Fund - 7.65% NABARD Bond Series 17C P/C 260917 Non Convertible Debenture 200 Short Term Plan - ISD 260516 Mat 270519 HDFC Short Term Opportunities Fund 7.85% NABARD Bond Series 17D - ISD 310516 Non Convertible Debenture 400 Mat 310519 HDFC Banking and PSU Debt Fund 8.25% Mah & Mah Fin Services Ltd NCD - ISD Non Convertible Debenture 10 230816- Mat 230819 HDFC Corporate Debt Opportunities 7.50% Power Finance Corp Ltd (Sr 150 A) - ISD Non Convertible Debenture 25 Fund 160816 Mat 160821 HDFC Medium Term Opportunities 7.9840% Bajaj Finance Ltd.(Op I) NCD - ISD Non Convertible Debenture 100 Fund 020916 MAT 250320 HDFC Short Term Opportunities Fund 8.25% Mah & Mah Fin Services Ltd NCD - ISD Non Convertible Debenture 40 230816- Mat 230819 HDFC Cash Management Fund - Tata Motors Finance Ltd CP - ISD 300117 Commercial Paper 175 Savings Plan Mat 280217 HDFC Cash Management Fund - Tata Motors Finance Ltd CP - ISD 300117 Commercial Paper 200 Savings Plan Mat 090317 HDFC Corporate Debt Opportunities 0% Tata Motors Finance Ltd Sr C (Prem on Non Convertible Debenture 100 Fund Red)- ISD 100117 Mat 150420 HDFC Corporate Debt Opportunities 0% Tata Motors Finance Ltd Sr B (Prem on Non Convertible Debenture 100 Fund Red)- ISD 250117 Mat 120520 HDFC Corporate Debt Opportunities Tata Motors Finance Ltd CP - ISD 300117 Commercial Paper 75 Fund Mat 280217 HDFC Short Term Opportunities Fund 6.54% EXIM BANK NCD (Sr.T 08) - ISD 021216 Non Convertible Debenture 50 - MAT 021219 HDFC Short Term Plan 0% Tata Motors Finance Ltd Sr A (Prem on Non Convertible Debenture 100 Red)- ISD 100117 Mat 100120 HDFC Medium Term Opportunities 7.60% NHAI NCD Series V - ISD 200317 Non Convertible Debenture 50 Fund Mat 180322 Note 2: Name of Scheme Name of Security Type of Security Amount (Rs. in crores) HDFC MF Monthly Income Plan-LTP 7.70% Rural Electrification Corp Ltd (Sr 158) NCD - ISD 120218 Mat 150321 Non Convertible Debenture 50 HDFC Medium Term Opportunities Fund 7.52% SIDBI NCD Sr VI ISD 100118 - MAT 100221 Non Convertible Debenture 50 HDFC Short Term Opportunities Fund 8.03% Kotak Mahindra Prime Ltd NCD - ISD 190118 MAT 140219 Non Convertible Debenture 100 HDFC Balanced Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 100 HDFC Banking and PSU Debt Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 100 HDFC Banking and PSU Debt Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 100 HDFC Cash Management Fund - 8.98% Punjab National Bank Perp Bond- ISD Treasury Advantage Plan 250717 Call Optn 250722 Non Convertible Debenture 70 HDFC Cash Management Fund - 8.98% Punjab National Bank Perp Bond- ISD Treasury Advantage Plan 250717 Call Optn 250722 Non Convertible Debenture 80 HDFC Corporate Debt Opportunities 8.98% Punjab National Bank Perp Bond- ISD Fund 250717 Call Optn 250722 Non Convertible Debenture 180

HDFC MF SAI - dated June 28, 2019 94 Name of Scheme Name of Security Type of Security Amount (Rs. in crores) HDFC Corporate Debt Opportunities 8.98% Punjab National Bank Perp Bond- ISD Fund 250717 Call Optn 250722 Non Convertible Debenture 45 HDFC Equity Savings Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 50 HDFC High Interest Fund - Dynamic Plan 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 50 HDFC High Interest Fund - Short 8.98% Punjab National Bank Perp Bond- ISD Term Plan 250717 Call Optn 250722 Non Convertible Debenture 25 HDFC Income Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 50 HDFC Prudence Fund 8.98% Punjab National Bank Perp Bond- ISD 250717 Call Optn 250722 Non Convertible Debenture 650 HDFC Floating Rate Income Fund - 7.32% Mahindra & Mahindra Fin Services Ltd Short Term Plan NCD - ISD 060917 Mat 060919 Non Convertible Debenture 75 HDFC Medium Term Opportunities Fund 7.32% Mahindra & Mahindra Fin Services Ltd NCD - ISD 060917 Mat 060919 Non Convertible Debenture 50

Note 3: Name of Scheme Name of Security Type of Security Amount (Rs. in crores) HDFC Banking and PSU Debt Fund 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 50 HDFC Credit Risk Debt Fund 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 21 HDFC Dynamic Debt Fund 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 25 HDFC Low Duration Fund 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 50 HDFC Regular Savings Fund 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 25 HDFC FMP 1177D March 2018 (1) 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 65 HDFC FMP 1208D March 2018 (1) 8.50% Vedanta Ltd. NCD Sr. II - ISD 050418 Mat 150621 Non Convertible Debenture 64

Disclosure regarding payment of commission for distribution of units and payment of brokerage for securities transactions (for the past three financial years) pursuant to SEBI Circular No. SEBI/IMD/CIR No. 18/198647/2010 dated March 15, 2010 (i) Commission paid to associates/related parties/group companies of sponsor/AMC

Name of associate/ Nature of Apr 1, 2017 to Mar 31, 2019 Apr 1, 2017 to Mar 31, 2018 Apr 1, 2016 to Mar 31, 2017 related parties/group Association/ Business given Commission paid Business given Commission paid Business given Commission paid companies of Sponsor/ Nature of AMC relation Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total business commission business commission business commission received by paid by the received by paid by the received by paid by the the fund fund the fund fund the fund fund HDFC Bank Limited Associate 40,281.12 11.47 137.48 10.50 39,868.12 16.15 235.67 13.52 27,377.33 8.49 175.59 16.81 HDFC Sales Private Limited Group Company 9.10 #~ 0.04 #~ 3.07 #~ 0.03 #~ 0.29 #~ 0.01 #~ of Sponsor GRUH Finance Limited Group Company # #~ # #~ # #~ # #~ # #~ # #~ of Sponsor HDFC Investments Limited Group Company # #~ # #~ # #~ # #~ - - # #~ of Sponsor Housing Development Sponsor # #~ # #~ 0.01 #~ # #~ # #~ # #~ Finance Corporation Limited HDFC Securities Ltd. Associate - - # #~ # #~ # #~ (#) Less than Rs. 0.01 Crores, (#~) Less than 0.01%, (*) Pursuant to SEBI directives, no payment of commission has been made in respect of investments made by the Sponsor of the Mutual Fund.

95 HDFC MF SAI - dated June 28, 2019 (ii) Brokerage paid to associates/related parties/group companies of sponsor/AMC

Name of associate/ Nature of Apr 1, 2017 to Mar 31, 2019 Apr 1, 2017 to Mar 31, 2018 Apr 1, 2016 to Mar 31, 2017 related parties/group Association/ Value of transaction Brokerage paid Value of transaction Brokerage paid Value of transaction Brokerage paid companies of Sponsor/ Nature of Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total Rs. Cr. % of total AMC relation value of brokerage value of brokerage value of brokerage transaction paid by the transaction paid by the transaction paid by the by the fund by the fund by the fund fund fund fund HDFC Securities Ltd Associate 1,925.98 0.04 1.54 3.70 2,083.62 0.06 2.23 2.78 1,413.30 0.05 1.69 3.38

DEALING WITH ASSOCIATES – Transactions (aggregate purchase and sale) in securities with associates during the past 3 financial years are given below

April 1, 2016 to March 31, 2017 (Rs. in Crores) Name of Asset Type HDFC HDFC HDFC Banking HDFC Cash HDFC Cash HDFC Core HDFC HDFC Floating HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC High HDFC HDFC Liquid HDFC HDFC HDFC Grand Total Associates Arbitrage Balanced and PSU Debt Management Management & Satellite Corporate Debt Rate Income 1127D May 1140D March 1153D April 1161D 1190D Interest Fund High Fund Medium Term Short Term Short Term Fund Fund Fund Fund-Savings Fund-Treasury Fund Opportunities Fund-Short 2016 (1) 2016 (1) 2016 (1) February March - Dynamic Interest Opportunities Opportunities Plan Plan Advantage Fund Term Plan 2016 (1) 2016 (1) Plan Fund-Short Fund Fund Plan Term HDFC Commercial 24.52 24.52 Bank Paper Limited NCD/ 75.00 25.00 200.27 4.00 85.67 350.48 9.50 6.50 4.40 6.50 7.90 150.29 375.00 150.07 50.70 1501.28 Khokha Treasury 397.69 9939.99 10337.68 Bills HDFC Certificate 23.58 23.58 Standard of Deposits Life Insurance Co. Ltd Government 22.28 22.28 Securities NCD/ 20.01 10.22 25.19 100.87 100.64 22.13 25.12 37.02 341.20 Khokha Zero 6.96 6.96 Coupon Bonds Grand 26.97 75.00 35.22 397.69 225.46 4.00 186.54 474.70 9.50 6.50 4.40 6.50 7.90 22.13 24.52 10115.41 434.30 150.07 50.70 12257.50 Total

April 1, 2017 to March 31, 2018 (Rs. in Crores) Name of Asset Type HDFC HDFC Banking HDFC Cash HDFC Cash HDFC Cash HDFC HDFC Equity HDFC Floating HDFC Floating HDFC Floating HDFC FMP HDFC FMP HDFC FMP HDFC FMP Associates Balanced and PSU Debt Management Management Management Corporate Savings Fund Rate Income Rate Income Rate Income 1114D March 1132D 1148D 1155D Fund Fund Fund Treasury Fund-Savings Fund-Treasury Debt Fund - Short Fund-Long Fund-Short 2016 (1) February February February Advantage Plan Advantage Opportunities Term Plan Term Plan Term Plan 2016 (1) 2016 (1) 2016 (1) Plan Plan Fund HDFC Bank Limited Government 49.69 48.07 Securities NCD/ Khokha 100.00 50.00 191.15 150.43 651.64 50.00 25.00 30.11 106.18 819.63 7.02 5.02 Treasury Bills HDFC ERGO General NCD/ Khokha 50.17 Insurance Co. Ltd. HDFC Standard Life Government Insurance Co. Ltd Securities NCD/ Khokha 46.20 129.61 25.26 286.71 0.13 0.64 1.29 Treasury Bills 98.68 Housing Development Fin NCD/ Khokha 104.51 Corp Ltd Grand Total 204.51 50.00 191.15 150.43 747.53 179.61 25.00 55.37 106.18 1,303.25 0.13 7.02 0.64 6.30

HDFC MF SAI - dated June 28, 2019 96 April 1, 2017 to March 31, 2018 (Contd...) (Rs. in Crores) Name of Asset Type HDFC FMP HDFC FMP HDFC FMP HDFC Gilt HDFC Gilt HDFC High HDFC HOF HDFC Income HDFC Liquid HDFC HDFC MF HDFC Grand Total Associates 1167D January 1176D January 1183D January Fund- Long Fund-Long Interest Fund - - I - 1140D Fund Fund Medium Term Monthly Income Short Term 2016 (1) 2016 (1) 2016 (1) Term Term Plan Dynamic Plan NOVEMBER Opportunities Plan-Long Opportunities 2017 (1) Fund Term Fund HDFC Bank Limited Government 24.21 13.30 13.30 148.57 Securities NCD/ Khokha 13.04 50.06 576.34 455.87 100.00 500.86 3,882.36 Treasury Bills 543.91 543.91 HDFC ERGO General NCD/ Khokha 40.65 50.47 141.29 Insurance Co. Ltd. HDFC Standard Life Government 81.57 27.65 27.65 136.86 Insurance Co. Ltd Securities NCD/ Khokha 6.31 1.29 0.64 25.23 271.69 101.35 896.36 Treasury Bills 49.64 148.33 Housing Development NCD/ Khokha 104.51 Fin Corp Ltd Grand Total 19.35 1.29 0.64 81.57 51.85 27.65 50.06 38.53 1,169.90 768.22 113.30 652.68 6,002.18

April 1, 2018 to March 31, 2019 (Rs. in Crores) Name of Asset Type HDFC Banking HDFC Childrens HDFC Corporate HDFC Credit Risk HDFC Dynamic HDFC Floating HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP Associates and PSU Debt Gift Fund Bond Fund Debt Fund Debt Fund Rate Debt Fund 1115D 1120D March 1122D August 1126D March 1148D February 1224D Fund September 2016 (1) 2018 (1) 2019 (1) 2016 (1) DECEMBER 2018 (1) 2018 (1) HDFC Bank Ltd. DCMB Government 9.87 Securities NCD/Khokha 25.01 610.06 52.50 28.21 367.97 13.93 0.20 32.78 39.01 0.30 13.08 HDFC ERGO General NCD/Khokha Insurance Co. Ltd. HDFC Standard Life Commercial Insurance Co. Ltd Paper Government 32.89 Securities NCD/Khokha 10.22 50.92 9.97 Grand Total 35.23 32.89 610.06 103.42 38.09 377.95 13.93 0.20 32.78 39.01 0.30 13.08

April 1, 2018 to March 31, 2019 (Contd...) (Rs. in Crores) Name of Asset Type HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP HDFC FMP Associates 1232D 1246D 1260D October 1265D October 1274D October 1280D October 1344D October 1372D 1381D 1434D May 1487D August 1846D August NOVEMBER NOVEMBER 2018 (1) 2018 (1) 2018 (1) 2018 (1) 2018 (1) September September 2018 (1) 2018 (1) 2013 (1) 2018 (1) 2018 (1) 2018 (1) 2018 (1) HDFC Bank Ltd. DCMB Government Securities NCD/Khokha 65.37 82.87 13.15 36.05 48.86 8.02 2.51 11.52 28.55 4.51 53.44 15.98 HDFC ERGO General NCD/Khokha Insurance Co. Ltd. HDFC Standard Life Commercial Insurance Co. Ltd Paper Government Securities NCD/Khokha Grand Total 65.37 82.87 13.15 36.05 48.86 8.02 2.51 11.52 28.55 4.51 53.44 15.98

April 1, 2018 to March 31, 2019 (Contd...) (Rs. in Crores) Name of Asset Type HDFC Gilt Fund HDFC Hybrid Debt HDFC Hybrid HDFC Income Fund HDFC Liquid Fund HDFC Low HDFC Medium HDFC Money HDFC Short Term HDFC Ultra Short Grand Total Associates Fund Equity Fund Duration Fund Term Debt Fund Market Fund Debt Fund Term Fund HDFC Bank Ltd. DCMB 397.87 397.87 Government 39.50 49.37 Securities NCD/Khokha 5.05 175.05 667.46 157.72 51.46 574.87 340.52 25.02 3,551.02 HDFC ERGO General NCD/Khokha 77.21 80.62 157.83 Insurance Co. Ltd. HDFC Standard Life Commercial 98.81 98.81 Insurance Co. Ltd Paper Government 21.16 3.77 57.81 Securities NCD/Khokha 30.70 102.84 204.65 Grand Total 60.65 5.05 178.82 30.70 1,344.20 238.33 51.46 574.87 340.52 25.02 4,517.37

97 HDFC MF SAI - dated June 28, 2019 UTILISATION OF SERVICES OF ASSOCIATES Details of utilisation of services of associates during the past three financial years are given below: April 1, 2016 to March 31, 2017 (Rs. in lakhs) Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Rajiv 0.00 0.00 0.00 0.00 0.00 0.00 0.00 # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Gandhi Equity Savings Scheme - February 2013 HDFC Rajiv # # 0.02 1.97 0.29 # # 0.09 0.00 0.00 0.00 0.00 0.00 0.01 2.38 Gandhi Equity Savings Scheme 2014 - Series 2 HDFC Focused # # 0.00 3.78 0.56 # # 0.09 0.00 0.00 0.00 0.00 0.00 # 4.44 Equity Fund - Plan A HDFC Focused # 0.02 0.00 10.26 1.53 # # 0.27 0.00 0.00 0.00 0.00 0.00 0.02 12.10 Equity Fund - Plan B HDFC Dual 0.00 # 1.24 1.93 0.29 # # 0.06 0.00 0.00 0.00 0.00 # 0.00 3.52 Advantage Fund - I - 1100D August 2015 HDFC Dual 0.00 # 0.65 1.18 0.18 # # 0.06 0.00 0.00 0.00 0.00 0.00 # 2.07 Advantage Fund - II - 1160D January 2016 HDFC Dual 0.00 # 0.05 0.29 0.04 # # 0.01 0.00 0.00 0.00 0.00 0.00 # 0.40 Advantage Fund - II - 1099D March 2016 HDFC Dual 0.00 # 2.22 1.23 0.18 # # 0.04 0.00 0.00 0.00 0.00 0.00 # 3.68 Advantage Fund - II - 1111D April 2016 HDFC Dual 0.00 # 0.11 0.42 0.06 # # 0.02 0.00 0.00 0.00 0.00 0.00 # 0.62 Advantage Fund - III - 1304D August 2016 HDFC Dual 0.00 # # 0.13 0.02 # # 0.01 0.00 0.00 0.00 0.00 0.00 # 0.16 Advantage Fund - III - 1224D November 2016 HDFC Dual 0.00 # 0.04 0.27 0.04 # # 0.01 0.00 0.00 0.00 0.00 0.00 # 0.36 Advantage Fund - III - 1267D October 2016 HDFC Charity 0.00 # 0.20 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.20 Fund for Cancer Cure - Arbitrage Plan HDFC Small # 0.00 0.52 11.32 1.69 # # 0.76 0.00 0.00 0.00 0.00 0.00 0.04 14.32 And Mid Cap Fund HDFC Large # 0.00 0.06 24.20 3.61 0.01 # 0.80 0.00 0.00 0.00 0.00 0.00 0.02 28.70 Cap Fund HDFC Arbitrage # 1.42 0.79 6.05 0.90 0.03 # 0.44 0.00 0.00 0.00 0.00 0.00 0.00 9.64 Fund HDFC Balanced 0.07 0.30 12.10 56.65 8.46 0.07 0.01 6.53 # 0.00 0.00 # # 0.10 84.28 Fund HDFC Capital 0.04 0.00 3.65 19.89 2.97 0.01 # 1.37 # # 0.00 # 0.00 0.06 27.99 Builder Fund

HDFC MF SAI - dated June 28, 2019 98 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Core # 0.03 1.10 8.92 1.33 # # 0.43 # 0.00 0.00 # 0.00 # 11.81 And Satellite Fund HDFC Equity 0.10 0.01 13.52 176.97 26.41 0.15 0.02 12.49 # # 0.00 # 0.00 0.32 229.98 Fund HDFC 0.02 0.05 0.41 13.70 2.04 0.01 # 1.21 # # # # # 0.03 17.47 Children's Gift Fund - Investment Plan HDFC Growth # 0.05 0.57 20.30 3.03 # # 0.85 # # 0.00 # 0.00 # 24.80 Fund HDFC # # 0.05 1.53 0.23 # # 0.08 0.00 0.00 # 0.00 # # 1.88 Children's Gift Fund - Savings Plan HDFC Multiple # 0.15 0.30 3.22 0.48 # # 0.14 0.00 0.00 0.00 0.00 0.00 0.03 4.32 Yield Fund HDFC Index # # 0.04 0.45 0.07 # # 0.07 # 0.00 0.00 0.00 0.00 0.00 0.63 Fund - Nifty Plan HDFC Premier # 0.01 0.26 6.39 0.95 # # 0.25 # 0.00 0.00 # 0.00 0.00 7.87 Multi-Cap Fund HDFC Prudence 0.05 0.02 79.57 144.98 21.67 0.12 0.02 10.31 # # 0.00 # # 0.36 257.08 Fund HDFC 0.02 # 0.20 1.40 0.21 # # 0.22 0.00 0.00 0.00 0.00 0.00 0.02 2.07 Retirement Savings Fund - Equity Plan HDFC # # 0.04 0.30 0.05 # # 0.01 0.00 0.00 0.00 0.00 0.00 # 0.40 Retirement Savings Fund - Hybrid-Debt Plan HDFC # # 0.08 0.80 0.12 # # 0.06 0.00 0.00 0.00 0.00 0.00 0.01 1.08 Retirement Savings Fund - Hybrid-Equity Plan HDFC Index # # 0.04 0.70 0.10 # # 0.05 # 0.00 0.00 # 0.00 # 0.90 Fund - Sensex Plus Plan HDFC Index # # 0.03 0.06 # # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.12 Fund - Sensex Plan HDFC Top 200 0.09 0.02 11.52 159.70 23.83 0.12 0.02 11.11 # 0.00 0.00 # # 0.31 206.72 Fund HDFC Long # 0.06 0.47 19.73 2.95 0.01 # 1.11 # # # # 0.00 # 24.34 Term Advantage Fund HDFC TaxSaver 0.03 # 2.55 75.08 11.21 0.05 # 4.97 # # 0.00 # # 0.12 94.02 HDFC # 0.00 0.71 17.19 2.56 0.01 # 1.04 # # 0.00 0.00 # 0.03 21.55 Infrastructure Fund HDFC Monthly # 0.15 1.71 47.92 7.15 0.03 # 1.86 # 0.00 0.00 # 0.00 0.02 58.84 Income Plan Long Term Plan HDFC Monthly # 0.01 0.11 5.80 0.87 # # 0.15 # 0.00 0.00 0.00 0.00 # 6.94 Income Plan Short Term Plan

99 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Mid-Cap 0.16 0.63 13.65 131.02 19.56 0.12 0.02 12.76 # 0.00 0.00 # # 0.13 178.04 Opportunities Fund HDFC Multiple # # 0.05 2.71 0.40 # # 0.05 0.00 0.00 0.00 0.00 0.00 # 3.21 Yield Fund - Plan 2005 HDFC Banking # 0.13 0.17 3.14 0.47 0.02 # 0.67 0.00 0.00 0.00 0.00 0.00 0.00 4.59 and PSU Debt Fund HDFC # 0.63 11.15 78.85 11.80 0.08 0.01 3.08 0.00 0.00 0.00 0.00 0.00 0.00 105.61 Corporate Debt Opportunities Fund HDFC Capital 0.00 # 0.16 3.78 0.56 # # 0.06 0.00 0.00 0.00 0.00 0.00 0.00 4.56 Protection Oriented Fund - Sr I- 36M Aug 13 HDFC Capital 0.00 0.01 0.12 5.45 0.81 # # 0.13 0.00 0.00 0.00 0.00 0.00 0.00 6.53 Protection Oriented Fund - Sr I- 36M Sep 13 HDFC Capital 0.00 # 0.09 3.92 0.58 # # 0.06 0.00 0.00 0.00 0.00 0.00 # 4.66 Protection Oriented Fund - Sr I- 36M Oct 13 HDFC Capital 0.00 0.01 0.16 4.96 0.74 # # 0.08 0.00 0.00 0.00 0.00 0.00 0.00 5.95 Protection Oriented Fund - Sr II- 36M Jan 14 HDFC Capital 0.00 # 0.06 2.57 0.38 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 3.05 Protection Oriented Fund - Sr II- 36M Feb 14 HDFC Debt 0.00 # 0.00 0.00 0.00 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.02 Fund For Cancer Cure 2014 HDFC Capital 0.00 # 0.00 3.91 0.58 # # 0.05 0.00 0.00 0.00 0.00 0.00 0.00 4.55 Protection Oriented Fund - Sr II- 36M May 14 HDFC Capital 0.00 # 0.00 4.19 0.63 # # 0.06 0.00 0.00 0.00 0.00 0.00 0.00 4.88 Protection Oriented Fund - Sr II- 36M June 14 HDFC Capital 0.00 # 0.00 3.26 0.49 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 3.79 Protection Oriented Fund - Sr III - 1100D Oct 14 HDFC Capital 0.00 # 0.00 2.35 0.35 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 2.74 Protection Oriented Fund - Sr III - 1207D Dec 14

HDFC MF SAI - dated June 28, 2019 100 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Capital 0.00 # 0.00 1.42 0.21 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 1.65 Protection Oriented Fund - Series III - 1173D Jan 15 HDFC Charity 0.00 # 0.03 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.03 Fund for Cancer Cure - Debt Plan HDFC High # 0.03 0.95 18.37 2.74 0.02 # 0.80 0.00 0.00 0.00 0.00 0.00 0.00 22.92 Interest Fund - Dynamic Plan HDFC Cash 0.02 0.75 3.08 36.95 5.51 0.10 0.02 3.36 # 0.00 0.00 0.00 0.00 0.00 49.78 Management Fund - Treasury Advantage Plan HDFC Income # 0.03 0.32 24.40 3.64 0.02 # 0.98 # 0.00 # # 0.00 0.00 29.39 Fund HDFC Liquid 0.02 1.09 0.71 71.38 10.70 0.31 0.05 4.64 0.00 0.00 0.00 # 0.00 0.00 88.89 Fund HDFC Gilt # 0.00 0.19 8.37 1.25 0.03 # 1.02 0.00 0.00 0.00 0.00 0.00 0.00 10.85 Fund - Long Term Plan HDFC Cash # 0.00 # 0.14 0.02 # # 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.21 Management Fund - Call Plan HDFC # 0.41 0.02 11.91 1.78 0.07 # 2.41 0.00 0.00 0.00 0.00 0.00 0.00 16.60 Medium Term Opportunities Fund HDFC Cash # 0.29 0.49 21.30 3.19 0.08 0.01 1.31 0.00 0.00 0.00 0.00 0.00 0.00 26.66 Management Fund - Savings Plan HDFC # 0.51 0.11 10.72 1.60 0.08 0.01 2.83 0.00 0.00 0.00 0.00 0.00 0.00 15.86 Short Term Opportunities Fund HDFC Short # 0.24 5.00 33.86 5.06 0.03 # 0.56 0.00 0.00 0.00 # 0.00 0.00 44.75 Term Plan HDFC Gilt # 0.00 # 0.18 0.03 # # 0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.35 Fund - Short Term Plan HDFC Floating # 0.94 1.10 26.44 3.96 0.12 0.02 1.80 0.00 0.00 0.00 0.00 0.00 0.00 34.38 Rate Income Fund Short Term Plan HDFC Floating # 0.09 0.01 1.15 0.17 0.02 # 0.64 0.00 0.00 0.00 0.00 0.00 0.00 2.07 Rate Income Fund Long Term Plan HDFC High # 0.09 0.36 11.42 1.71 0.02 # 0.70 # 0.00 0.00 0.00 0.00 0.00 14.29 Interest Fund Short Term Plan HDFC Nifty # # 0.00 0.01 # # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 Exchange Traded Fund HDFC Sensex 0.00 # 0.00 # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Exchange Traded Fund

101 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Gold 0.00 0.00 0.00 3.87 0.58 # # 0.07 0.00 0.00 0.00 0.00 0.00 0.00 4.51 Exchange Traded Fund HDFC Dynamic # 0.00 # 0.12 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.14 PE Ratio Fund Of Funds HDFC Gold # # 0.16 0.00 0.00 # # 0.28 # 0.00 0.00 0.00 0.00 0.00 0.44 Fund HDFC Annual 0.00 # 0.00 0.09 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.10 Interval Fund - Plan A HDFC Annual 0.00 # 0.00 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.03 Interval Fund - Plan B HDFC Quarterly 0.00 0.00 0.00 0.00 0.00 0.00 0.00 # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interval Fund - Plan A HDFC 0.00 # # 0.05 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.05 FMP 372D December 2013 (2) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 371D January 2014 (1) HDFC FMP 0.00 0.01 # 0.38 0.06 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.47 369D January 2014 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 372D January 2014 (1) HDFC FMP 0.00 # 0.00 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 370D January 2014 (1) HDFC FMP 0.00 # # 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.02 371D January 2014 (2) HDFC FMP 0.00 # 0.00 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 369D February 2014 (1) HDFC FMP 0.00 0.01 # 0.00 0.00 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 372D February 2014 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 371D February 2014 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D February 2014 (1) HDFC FMP 0.00 0.01 # 0.00 0.00 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.03 369D February 2014 (2) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 371D February 2014 (2) HDFC FMP 0.00 0.01 # 0.13 0.02 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.18 370D March 2014 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 369D March 2014 (1)

HDFC MF SAI - dated June 28, 2019 102 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 369D March 2014 (2) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 366D March 2014 (1) HDFC FMP 0.00 # 0.00 # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 369D March 2014 (3) HDFC FMP 0.00 # # 0.04 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.05 366D March 2014 (2) HDFC FMP 0.00 # # 0.02 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.03 369D April 2014 (1) HDFC FMP 0.00 # # 0.05 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.07 377D March 2014 (1) HDFC FMP 0.00 # # 0.06 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.07 378D March 2014 (1) HDFC FMP 0.00 # # 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.02 384D March 2014 (1) HDFC FMP 0.00 # # 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.02 390D March 2014 (1) HDFC FMP 0.00 0.02 # 0.26 0.04 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.34 370D April 2014 (1) HDFC FMP 0.00 0.01 # 0.20 0.03 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.27 400D March 2014 (1) HDFC FMP 0.00 # # 0.05 # # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.06 369D April 2014 (2) HDFC FMP 0.00 0.01 # 0.31 0.05 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.40 370D April 2014 (2) HDFC FMP 0.00 # # 0.15 0.02 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.19 370D April 2014 (3) HDFC FMP 0.00 # # 0.26 0.04 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.31 367D April 2014 (1) HDFC FMP 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 370D April 2014 (4) HDFC FMP 0.00 # # 0.15 0.02 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.19 434D February 2014 (1) HDFC FMP 0.00 # 0.02 0.23 0.03 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.29 441D February 2014 (1) HDFC FMP 0.00 # # 0.18 0.03 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.21 447D February 2014 (1) HDFC FMP 0.00 # # 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 453D February 2014 (1)

103 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.03 367D May 2014 (1) HDFC FMP 0.00 # # 0.10 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.12 572D October 2013 (1) HDFC 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 FMP 504D December 2013 (1) HDFC FMP 0.00 # # 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 370D May 2014 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 472D January 2014 (1) HDFC FMP 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 491D January 2014 (1) HDFC FMP 0.00 # # 0.20 0.03 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.25 435D March 2014 (1) HDFC FMP 0.00 # # 0.01 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.01 367D May 2014 (2) HDFC FMP 0.00 # # 0.16 0.02 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.20 478D January 2014 (1) HDFC 0.00 # # 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 FMP 538D November 2013 (1) HDFC 0.00 # 0.03 0.12 0.02 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.18 FMP 554D November 2013 (1) HDFC FMP 0.00 # # 0.06 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.07 366D May 2014 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D May 2014 (2) HDFC 0.00 # # 0.09 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.11 FMP 540D December 2013 (1) HDFC 0.00 # # 0.11 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.13 FMP 531D December 2013 (1) HDFC FMP 0.00 # # 0.13 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.14 371D May 2014 (1) HDFC FMP 0.00 # # 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 366D May 2014 (2) HDFC FMP 0.00 # # 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.03 370D June 2014 (1) HDFC FMP 0.00 # # 0.05 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.05 371D June 2014 (1)

HDFC MF SAI - dated June 28, 2019 104 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 371D June 2014 (2) HDFC FMP 0.00 # # 0.33 0.05 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.39 370D June 2014 (2) HDFC FMP 0.00 # 0.02 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.05 371D June 2014 (3) HDFC 0.00 # # 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 FMP 742D September 2013 (1) HDFC FMP 0.00 # # 0.09 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.11 737D October 2013 (1) HDFC FMP 0.00 0.01 # 0.94 0.14 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 1.11 793D February 2014 (1) HDFC FMP 0.00 # # 0.29 0.04 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.35 730D April 2014 (1) HDFC FMP 0.00 # # 0.46 0.07 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.53 1001D August 2013 (1) HDFC FMP 0.00 # # 0.10 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.11 1198D February 2013 (1) HDFC FMP 0.00 # # 0.15 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.17 840D January 2014 (1) HDFC 0.00 # # 0.16 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.18 FMP 923D November 2013 (1) HDFC FMP 0.00 # 0.00 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 92D March 2016 (1) HDFC FMP 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 1107D May 2013 (1) HDFC FMP 0.00 # # 0.10 0.02 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.13 747D June 2014 (1) HDFC FMP 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 750D June 2014 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D August 2013 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D August 2013 (2) HDFC FMP 0.00 # # 0.01 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.01 371D August 2013 (1) HDFC FMP 0.00 # # 0.32 0.05 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.38 370D July 2013 (3)

105 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.16 0.02 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.20 371D July 2013 (1) HDFC FMP 0.00 # # 0.17 0.03 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.20 370D August 2013 (3) HDFC FMP 0.00 # 0.05 0.53 0.08 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.68 1143D July 2013 (1) HDFC FMP 0.00 # # 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 370D August 2013 (4) HDFC 0.00 # # 0.21 0.03 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.25 FMP 370D September 2013 (1) HDFC 0.00 # # 0.16 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.18 FMP 370D September 2013 (2) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D October 2013 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D October 2013 (2) HDFC 0.00 # # 0.16 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.19 FMP 370D September 2013 (3) HDFC 0.00 # # 0.07 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.07 FMP 370D September 2013 (4) HDFC FMP 0.00 # # 0.01 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.01 370D October 2013 (3) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D October 2013 (4) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 370D October 2013 (5) HDFC FMP 0.00 # # 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 372D October 2013 (1) HDFC 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FMP 371D November 2013 (1) HDFC 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FMP 371D November 2013 (2) HDFC 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FMP 370D November 2013 (1) HDFC 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.09 FMP 371D December 2013 (1)

HDFC MF SAI - dated June 28, 2019 106 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC 0.00 # # 0.32 0.05 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.36 FMP 371D December 2013 (2) HDFC 0.00 # # 0.01 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.01 FMP 369D December 2013 (1) HDFC 0.00 # 0.00 0.22 0.03 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.27 FMP 372D December 2013 (1) HDFC FMP 0.00 # 0.00 0.95 0.14 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 1.11 1095D March 2014 (1) HDFC FMP 0.00 0.03 0.00 12.03 1.80 # # 0.05 0.00 0.00 0.00 0.00 0.00 0.00 13.91 1175D January 2014 (1) HDFC FMP 0.00 0.01 0.00 4.54 0.68 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 5.25 1127D March 2014 (1) HDFC FMP 0.00 0.01 0.00 0.71 0.11 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.85 1100D April 2014 (1) HDFC FMP 0.00 # 0.00 0.33 0.05 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.39 1116D July 2014 (1) HDFC FMP 0.00 # 0.00 0.58 0.09 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.68 1123D July 2014 (1) HDFC FMP 0.00 # 0.00 0.53 0.08 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.63 1099D August 2014 (1) HDFC FMP 0.00 0.01 0.00 0.51 0.08 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.62 1113D August 2014 (1) HDFC FMP 0.00 # 0.00 0.14 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.16 1128D September 2014 (1) HDFC FMP 0.00 # 0.00 0.69 0.10 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.81 1134D September 2014 (1) HDFC FMP 0.00 # 0.00 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 1113D October 2014 (1) HDFC FMP 0.00 # 0.00 0.05 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.05 1125D September 2014 (1) HDFC FMP 0.00 # 0.00 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1107D October 2014 (1) HDFC FMP 0.00 # 0.00 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1113D November 2014 (1) HDFC FMP 0.00 # 0.00 0.05 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.05 1111D November 2014 (1)

107 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # 0.00 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1107D December 2014 (1) HDFC FMP 0.00 # 0.00 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.02 1115D January 2015 (1) HDFC FMP 0.00 # 0.00 0.32 0.05 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.38 1919D January 2013 (1) HDFC FMP 0.00 # 0.00 0.00 0.00 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.02 1157D February 2015 (1) HDFC FMP 0.00 0.02 0.00 3.29 0.49 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 3.83 1184D January 2015 (1) HDFC FMP 0.00 # 0.00 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1115D March 2015 (1) HDFC FMP 0.00 # 0.00 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1128D March 2015 (1) HDFC FMP 0.00 # 0.00 0.10 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.11 1135D March 2015 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1106D May 2015 (1) HDFC FMP 0.00 # 0.02 # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.02 1127D May 2015 (1) HDFC FMP 0.00 # # 0.02 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.03 1112D June 2015 (1) HDFC FMP 0.00 # # 0.09 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.10 1126D July 2015 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1134D July 2015 (1) HDFC FMP 0.00 0.02 0.00 3.15 0.47 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 3.69 1846D August 2013 (1) HDFC FMP 0.00 # # 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.03 1141D July 2015 (1) HDFC FMP 0.00 # # 0.06 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 1108D September 2015 (1) HDFC FMP 0.00 # 0.00 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1875D August 2013 (1) HDFC FMP 0.00 # # 0.04 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1105D October 2015 (1) HDFC FMP 0.00 0.01 # 0.07 0.01 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.12 1111D November 2015 (1)

HDFC MF SAI - dated June 28, 2019 108 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.03 # # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1105D December 2015 (1) HDFC FMP 0.00 0.02 # 0.22 0.03 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.32 1132D February 2016 (1) HDFC FMP 0.00 # # 0.18 0.03 # # 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.22 1155D February 2016 (1) HDFC FMP 0.00 0.06 # 0.30 0.05 0.01 # 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.52 1167D January 2016 (1) HDFC FMP 0.00 0.01 # 0.10 0.02 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.15 1176D January 2016 (1) HDFC FMP 0.00 # # 0.17 0.03 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.19 1183D January 2016 (1) HDFC FMP # 0.03 # 0.22 0.03 # # 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.33 1107D March 2016 (1) HDFC FMP 0.00 0.10 # 0.30 0.05 0.02 # 0.17 0.00 0.00 0.00 0.00 0.00 0.00 0.63 1114D March 2016 (1) HDFC FMP 0.00 # # 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1120D March 2016 (1) HDFC FMP 0.00 # # 0.09 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.10 1148D February 2016 (1) HDFC FMP 0.00 0.01 # 0.17 0.03 # # 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.23 1168D February 2016 (1) HDFC FMP 0.00 0.02 0.34 1.90 0.28 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 2.56 1148D February 2016 (2) HDFC FMP 0.00 # 0.02 0.05 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.07 1104D April 2016 (1) HDFC FMP 0.00 0.03 # 1.80 0.27 # # 0.06 0.00 0.00 0.00 0.00 0.00 0.00 2.17 1161D February 2016 (1) HDFC FMP 0.00 0.01 0.35 2.08 0.31 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 2.79 1140D March 2016 (1) HDFC FMP 0.00 # # 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.10 1113D June 2016 (1) HDFC FMP 0.00 0.02 0.17 1.14 0.17 # # 0.05 0.00 0.00 0.00 0.00 0.00 0.00 1.55 1190D March 2016 (1) HDFC FMP 0.00 # 0.14 0.36 0.05 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.55 1153D April 2016 (1) HDFC FMP 0.00 # 0.11 0.36 0.05 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.53 1127D May 2016 (1)

109 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 0.00 # # 0.07 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.08 1127D June 2016 (1) HDFC FMP 0.00 # 0.01 0.08 0.01 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.10 1112D June 2016 (1) HDFC FMP 0.00 # 0.03 0.27 0.04 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.34 1128D June 2016 (1) HDFC FMP 0.00 # 0.04 0.20 0.03 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.26 1161D JULY 2016 (1) HDFC FMP 0.00 # # 0.10 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.12 1111D September 2016 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1155D February 2017 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1150D February 2017 (1) HDFC FMP 0.00 # # # # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1169D February 2017 (1) HDFC FMP 0.00 0.02 # 0.00 0.00 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.06 1309D September 2016 (1) HDFC FMP 0.00 0.01 # 0.00 0.00 # # 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1302D September 2016 (1) HDFC FMP 0.00 # 0.41 0.11 0.02 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.54 1218D December 2016 (1) HDFC FMP 0.00 # 0.46 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.48 1170D February 2017 (1) HDFC FMP 0.00 # 0.09 0.03 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.12 1199D January 2017 (1) HDFC FMP 0.00 # 0.04 0.02 # # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.06 1178D February 2017 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1188D March 2017 (1) HDFC FMP 0.00 # # 0.00 0.00 # # # 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1213D March 2017 (1) HDFC FMP 0.00 0.00 0.00 2.45 0.37 # # 0.04 0.00 0.00 0.00 0.00 0.00 0.00 2.86 3360D March 2014 (1) Total 0.60 8.75 175.36 1428.42 213.10 1.74 0.20 97.34 0.00 0.00 0.00 0.00 0.00 1.63 1927.14 $ Group Company of Sponsor, (@) Sponsor. ($$$) Associate # less than Rs 0.01 lacs

HDFC MF SAI - dated June 28, 2019 110 April 1, 2017 to March 31, 2018 (Rs. in lakhs) Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Rajiv Gandhi Equity Savings Scheme 2014 - Series 2 ------# ------0.00 HDFC Focused Equity Fund - Plan A - # 0.01 4.09 0.71 # # 0.08 ------4.89 HDFC Focused Equity Fund - Plan B - 0.03 - 12.09 2.09 # # 0.27 - - - - - 0.01 14.50 HDFC Dual Advantage Fund - I - 1100D August 2015 - # 0.91 2.64 0.46 # # 0.05 - - - - # - 4.07 HDFC Dual Advantage Fund - II - 1160D January 2016 - 0.01 0.39 1.90 0.33 # # 0.06 - - - - - # 2.69 HDFC Dual Advantage Fund - II - 1099D March 2016 - # 0.03 0.35 0.06 # # 0.01 - - - - - # 0.46 HDFC Dual Advantage Fund - II - 1111D April 2016 - # 0.81 2.04 0.36 # # 0.04 - - - - - # 3.25 HDFC Dual Advantage Fund - III - 1304D August 2016 - # 0.05 0.94 0.17 # # 0.04 - - - - - # 1.21 HDFC Dual Advantage Fund - III - 1224D November 2016 - # # 0.48 0.08 # # 0.02 - - - - - # 0.59 HDFC Dual Advantage Fund - III - 1267D October 2016 - # 0.03 0.71 0.12 # # 0.02 - - - - - # 0.89 HDFC Charity Fund for Cancer Cure - Arbitrage Plan - # - - - # # # ------0.00 HDFC Equity Opp Fund - II - 1126D May 2017 (1) - 0.05 0.82 5.65 1.02 # # 0.48 - - - - - 0.02 8.03 HDFC Equity Opp Fund - II - 1100D June 2017 (1) - 0.02 0.38 3.39 0.61 # # 0.27 # - - - # # 4.68 HDFC Small And Mid Cap Fund 0.02 - 1.68 15.18 2.64 0.01 # 1.80 # - - - - 0.11 21.46 HDFC Large Cap Fund # - 0.05 25.73 4.44 # # 0.77 - - - - - # 31.01 HDFC Arbitrage Fund 0.01 2.96 0.91 6.18 1.07 0.04 # 0.57 ------11.75 HDFC Balanced Fund 0.13 0.73 21.34 103.65 18.09 0.11 0.02 11.38 # - # # # 0.09 155.56 HDFC Capital Builder Fund 0.04 # 4.70 22.68 3.95 0.01 # 1.87 # # - # - 0.08 33.33

111 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Core And Satellite Fund # 0.03 0.75 8.37 1.45 # # 0.42 # - - # - 0.01 11.04 HDFC Equity Fund 0.17 # 21.42 209.98 36.33 0.15 0.03 13.84 # # - # - 0.25 282.16 HDFC Children's Gift Fund - Investment Plan 0.03 0.08 0.45 18.31 3.19 0.01 # 1.56 # # # # # # 23.63 HDFC Growth Fund # 0.06 1.16 17.15 2.96 # # 0.85 # # - # - 0.03 22.23 HDFC Children's Gift Fund - Savings Plan # # 0.02 0.89 0.15 # # 0.04 - - # - # # 1.11 HDFC Multiple Yield Fund 0.01 2.93 30.41 24.71 4.38 0.03 # 1.11 # - - - - 0.06 63.64 HDFC Index Fund - Nifty Plan # 0.01 0.04 0.23 0.04 # # 0.08 # - - - - - 0.41 HDFC Premier Multi-Cap Fund # 0.02 0.27 5.76 0.99 # # 0.25 # - - # - # 7.30 HDFC Prudence Fund 0.16 0.57 82.35 311.54 54.56 0.22 0.04 20.23 # # - # # 1.10 470.77 HDFC Retirement Savings Fund - Equity Plan 0.02 0.01 0.25 3.35 0.58 # # 0.34 - - - - - 0.01 4.57 HDFC Retirement Savings Fund - Hybrid-Debt Plan # # 0.04 0.46 0.08 # # 0.02 - - - - - # 0.60 HDFC Retirement Savings Fund - Hybrid-Equity Plan # # 0.11 1.55 0.27 # # 0.09 - - - - - # 2.03 HDFC Index Fund - Sensex Plus Plan # # 0.04 0.75 0.13 # # 0.05 # - - # - - 0.97 HDFC Index Fund - Sensex Plan # # 0.03 0.07 0.01 # # 0.04 ------0.15 HDFC Top 200 Fund 0.12 # 11.96 175.28 30.28 0.11 0.02 10.95 # - - # # 0.11 228.84 HDFC Long Term Advantage Fund 0.01 0.08 0.46 21.84 3.77 0.01 # 1.23 # # # # - # 27.41 HDFC TaxSaver 0.07 0.06 2.30 85.30 14.73 0.05 # 5.60 # # # # # 0.06 108.18 HDFC Infrastructure Fund # - 0.67 16.96 2.92 # # 0.93 # # - - - 0.07 21.56 HDFC Monthly Income Plan Long Term Plan 0.01 0.17 1.47 43.66 7.53 0.03 # 1.67 # - - # - 0.03 54.57 HDFC Monthly Income Plan Short Term Plan # 0.01 0.07 4.69 0.81 # # 0.14 # - - - - # 5.74 HDFC Mid-Cap Opportunities Fund 0.26 0.94 16.16 176.72 30.59 0.13 0.02 16.84 # - # # # 0.11 241.79

HDFC MF SAI - dated June 28, 2019 112 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Multiple Yield Fund - Plan 2005 # # 0.04 2.01 0.35 # # 0.05 - - - - - # 2.45 HDFC Banking and PSU Debt Fund # 0.29 0.27 8.58 1.49 0.03 # 1.24 ------11.92 HDFC Corporate Debt Opportunities Fund # 0.93 10.46 102.96 18.03 0.09 0.02 3.86 ------136.36 HDFC Capital Protection Oriented Fund - Sr II- 36M Feb 14 ------# ------0.00 HDFC Debt Fund For Cancer Cure 2014 ------# ------0.00 HDFC Capital Protection Oriented Fund - Sr II- 36M May 14 - # 0.08 0.74 0.11 # # 0.02 - - - - - # 0.95 HDFC Capital Protection Oriented Fund - Sr II- 36M June 14 - # 0.05 1.11 0.17 # # 0.02 - - - - - 0.01 1.36 HDFC Capital Protection Oriented Fund - Sr III - 1100D Oct 14 - # 0.03 2.01 0.34 # # 0.03 ------2.41 HDFC Capital Protection Oriented Fund - Sr III - 1207D Dec 14 - # - 2.46 0.43 # # 0.03 ------2.92 HDFC Capital Protection Oriented Fund - Series III - 1173D Jan 15 - # - 1.48 0.26 # # 0.02 ------1.76 HDFC Charity Fund for Cancer Cure - Debt Plan - # - - - # # # ------0.00 HDFC High Interest Fund - Dynamic Plan # 0.05 0.55 19.40 3.33 0.01 # 0.65 ------24.00 HDFC Cash Management Fund - Treasury Advantage Plan 0.05 0.91 3.17 35.96 6.25 0.09 0.02 3.89 # - - - - - 50.34 HDFC Income Fund # 0.04 0.16 20.74 3.57 0.01 # 0.56 # - - # - - 25.10 HDFC Liquid Fund 0.10 1.10 0.57 21.95 3.84 0.23 0.04 3.92 # - - # - - 31.74 HDFC Gilt Fund - Long Term Plan # - 0.17 8.83 1.52 0.02 # 0.71 ------11.26

113 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC Cash Management Fund - Call Plan # - # 0.13 0.02 # # 0.04 ------0.20 HDFC Medium Term Opportunities Fund 0.03 0.68 0.06 20.18 3.52 0.08 0.01 3.37 ------27.92 HDFC Cash Management Fund - Savings Plan 0.02 0.31 0.47 7.50 1.31 0.06 0.01 1.12 # - - - - - 10.79 HDFC Short Term Opportunities Fund 0.03 0.68 0.13 15.52 2.70 0.07 0.01 3.00 ------22.13 HDFC Short Term Plan 0.01 0.37 5.69 49.93 8.66 0.04 # 0.69 # - - # - - 65.39 HDFC Gilt Fund - Short Term Plan # - # 0.47 0.08 # # 0.12 ------0.69 HDFC Floating Rate Income Fund Short Term Plan 0.04 1.13 1.95 25.65 4.47 0.12 0.02 1.83 ------35.21 HDFC Floating Rate Income Fund Long Term Plan # 0.09 # 2.48 0.43 0.01 # 0.52 ------3.54 HDFC High Interest Fund Short Term Plan # 0.12 0.28 11.52 1.99 0.01 # 0.64 # - - - - - 14.57 HDFC Nifty Exchange Traded Fund - # - 0.01 # # # 0.02 ------0.04 HDFC Sensex Exchange Traded Fund - # - # # # # # ------0.01 HDFC Gold Exchange Traded Fund - - - 3.21 0.55 # # 0.05 ------3.82 HDFC Dynamic PE Ratio Fund Of Funds # - # # # # # # ------0.02 HDFC Gold Fund # # 0.12 - - # # 0.22 # - - - - - 0.35 HDFC ANNUAL Interval Fund - Plan A - # - 0.12 0.02 # # # ------0.14 HDFC ANNUAL Interval Fund - Plan B - - - # # # # # ------0.00 HDFC FMP 369D January 2014 (1) - # # - - # # # ------0.00 HDFC FMP 371D January 2014 (2) - # - # # # # # ------0.00 HDFC FMP 369D February 2014 (1) - # - 0.02 # # # # ------0.03

HDFC MF SAI - dated June 28, 2019 114 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 372D February 2014 (1) - # # 0.03 # # # # ------0.04 HDFC FMP 371D February 2014 (1) - # # - - # # # ------0.00 HDFC FMP 370D February 2014 (1) - # # # # # # # ------0.01 HDFC FMP 369D February 2014 (2) - # # - - # # # ------0.00 HDFC FMP 371D February 2014 (2) - # # 0.01 # # # # ------0.01 HDFC FMP 370D March 2014 (1) - # # 0.10 0.02 # # # ------0.12 HDFC FMP 369D March 2014 (1) - # # # # # # # ------0.00 HDFC FMP 369D March 2014 (2) - # # - - # # # ------0.00 HDFC FMP 366D March 2014 (1) - # # - - # # # ------0.00 HDFC FMP 369D March 2014 (3) - # - # # # # # ------0.00 HDFC FMP 366D March 2014 (2) - # # # # # # # ------0.01 HDFC FMP 369D April 2014 (1) - # # 0.02 # # # # ------0.03 HDFC FMP 377D March 2014 (1) - # # 0.06 # # # # ------0.08 HDFC FMP 378D March 2014 (1) - # # 0.07 0.01 # # # ------0.09 HDFC FMP 384D March 2014 (1) - # # 0.02 # # # # ------0.02 HDFC FMP 390D March 2014 (1) - # # # # # # # ------0.00 HDFC FMP 370D April 2014 (1) - # # 0.20 0.03 # # # ------0.24 HDFC FMP 400D March 2014 (1) - # # 0.16 0.02 # # # ------0.19 HDFC FMP 369D April 2014 (2) - # # 0.09 0.01 # # # ------0.10 HDFC FMP 370D April 2014 (2) - # # 0.33 0.05 # # # ------0.39 HDFC FMP 370D April 2014 (3) - # # 0.19 0.03 # # # ------0.22

115 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 367D April 2014 (1) - # # 0.26 0.04 # # # ------0.30 HDFC FMP 370D April 2014 (4) - # # 0.09 0.01 # # # ------0.11 HDFC FMP 434D February 2014 (1) - # # 0.24 0.04 # # # ------0.29 HDFC FMP 441D February 2014 (1) - # # 0.29 0.04 # # # ------0.34 HDFC FMP 447D February 2014 (1) - # # 0.19 0.03 # # # ------0.22 HDFC FMP 453D February 2014 (1) - # # 0.09 0.01 # # # ------0.11 HDFC FMP 367D May 2014 (1) - # # 0.04 # # # # ------0.04 HDFC FMP 572D October 2013 (1) - # # 0.14 0.02 # # # ------0.17 HDFC FMP 504D December 2013 (1) - # # 0.10 0.02 # # # ------0.12 HDFC FMP 370D May 2014 (1) - # # 0.10 0.02 # # # ------0.12 HDFC FMP 472D January 2014 (1) - # # - - # # # ------0.00 HDFC FMP 491D January 2014 (1) - # # 0.09 0.01 # # # ------0.11 HDFC FMP 435D March 2014 (1) - # # 0.28 0.04 # # # ------0.33 HDFC FMP 367D May 2014 (2) - # # 0.03 # # # # ------0.04 HDFC FMP 478D January 2014 (1) - # # 0.23 0.03 # # # ------0.27 HDFC FMP 538D November 2013 (1) - # # 0.07 # # # # ------0.08 HDFC FMP 554D November 2013 (1) - # # 0.17 0.03 # # # ------0.21 HDFC FMP 366D May 2014 (1) - # # 0.18 0.03 # # # ------0.21 HDFC FMP 370D May 2014 (2) - # # 0.02 # # # # ------0.02 HDFC FMP 371D May 2014 (1) - # # 0.12 0.02 # # # ------0.14

HDFC MF SAI - dated June 28, 2019 116 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 366D May 2014 (2) - # # 0.04 # # # # ------0.05 HDFC FMP 370D June 2014 (1) - # # 0.03 # # # # ------0.03 HDFC FMP 371D June 2014 (1) - # # 0.05 # # # # ------0.06 HDFC FMP 371D June 2014 (2) - # # 0.06 # # # # ------0.07 HDFC FMP 370D June 2014 (2) - # # 0.25 0.04 # # # ------0.30 HDFC FMP 371D June 2014 (3) - # # 0.05 # # # # ------0.07 HDFC FMP 793D February 2014 (1) - # # 0.19 0.03 # # # ------0.23 HDFC FMP 730D April 2014 (1) - # # 0.11 0.02 # # # ------0.13 HDFC FMP 840D January 2014 (1) - # # # # # # # ------0.00 HDFC FMP 923D November 2013 (1) - # # # # # # # ------0.00 HDFC FMP 747D June 2014 (1) - # # 0.15 0.02 # # # ------0.18 HDFC FMP 750D June 2014 (1) - # # 0.08 0.01 # # # ------0.10 HDFC FMP 370D August 2013 (1) - # # 0.05 # # # # ------0.06 HDFC FMP 370D August 2013 (2) - # # 0.04 # # # # ------0.05 HDFC FMP 371D August 2013 (1) - # # 0.05 # # # # ------0.06 HDFC FMP 370D July 2013 (3) - # # 0.02 # # # # ------0.02 HDFC FMP 371D July 2013 (1) - # # 0.09 0.02 # # # ------0.11 HDFC FMP 370D August 2013 (3) - # # 0.02 # # # # ------0.03 HDFC FMP 1143D July 2013 (1) - # # # # # # # ------0.02 HDFC FMP 370D August 2013 (4) - # # 0.04 # # # # ------0.06

117 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 370D September 2013 (1) - # # 0.02 # # # # ------0.03 HDFC FMP 370D September 2013 (2) - # # # # # # # ------0.00 HDFC FMP 370D October 2013 (4) ------# ------0.00 HDFC FMP 1095D March 2014 (1) - - # 0.02 # # # # ------0.02 HDFC FMP 1175D January 2014 (1) - # # 0.92 0.14 # # # ------1.07 HDFC FMP 1127D March 2014 (1) - # - 0.33 0.05 # # # ------0.38 HDFC FMP 1100D April 2014 (1) - # - 0.13 0.02 # # # ------0.15 HDFC FMP 1116D July 2014 (1) - # # 0.19 0.03 # # # ------0.23 HDFC FMP 1123D July 2014 (1) - # # 0.38 0.07 # # # ------0.47 HDFC FMP 1099D August 2014 (1) - # - 0.43 0.07 # # # ------0.51 HDFC FMP 1113D August 2014 (1) - # - 0.45 0.08 # # # ------0.54 HDFC FMP 1128D September 2014 (1) - # - 0.17 0.03 # # # ------0.20 HDFC FMP 1134D September 2014 (1) - # - 0.71 0.12 # # # ------0.84 HDFC FMP 1113D October 2014 (1) - # - 0.04 # # # # ------0.05 HDFC FMP 1125D September 2014 (1) - # # 0.03 # # # # ------0.05 HDFC FMP 1107D October 2014 (1) - # - 0.05 # # # # ------0.07 HDFC FMP 1113D November 2014 (1) - # - 0.05 # # # # ------0.07 HDFC FMP 1111D November 2014 (1) - # - 0.04 # # # # ------0.05

HDFC MF SAI - dated June 28, 2019 118 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 1107D December 2014 (1) - # - 0.04 # # # # ------0.05 HDFC FMP 1115D January 2015 (1) - # - 0.02 # # # # ------0.02 HDFC FMP 1919D January 2013 (1) - # - 0.72 0.13 # # 0.01 ------0.86 HDFC FMP 1157D February 2015 (1) - 0.01 - # # # # 0.02 ------0.03 HDFC FMP 1184D January 2015 (1) - 0.02 - 3.98 0.70 # # 0.03 ------4.73 HDFC FMP 1115D March 2015 (1) - # - 0.04 # # # # ------0.05 HDFC FMP 1128D March 2015 (1) - # - 0.08 0.01 # # # ------0.10 HDFC FMP 1135D March 2015 (1) - # - 0.11 0.02 # # # ------0.14 HDFC FMP 1106D May 2015 (1) - # # # # # # # ------0.01 HDFC FMP 1127D May 2015 (1) - # 0.02 # # # # # ------0.04 FMP 1112D June 2015 (1) - # # 0.03 # # # 0.01 ------0.06 FMP 1126D July 2015 (1) - # # 0.01 # # # # ------0.02 FMP 1134D July 2015 (1) - # # 0.01 # # # # ------0.03 HDFC FMP 1846D August 2013 (1) - 0.02 - 3.89 0.68 # # 0.04 ------4.63 FMP 1141D July 2015 (1) - # # # # # # # ------0.01 FMP 1108D September 2015 (1) - # # # # # # # ------0.01 HDFC FMP 1875D August 2013 (1) - # - 0.23 0.04 # # # ------0.29 FMP 1105D October 2015 (1) - # # 0.01 # # # # ------0.02 HDFC FMP 1111D November 2015 (1) - 0.02 # 0.02 # # # 0.02 ------0.07 FMP 1105D December 2015 (1) - # # 0.02 # # # # ------0.04 FMP 1132D February 2016 (1) - 0.03 # 0.03 # # # 0.04 ------0.11

119 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees FMP 1155D February 2016 (1) - # # 0.01 # # # 0.01 ------0.04 FMP 1167D January 2016 (1) - 0.06 # 0.11 0.02 # # 0.09 ------0.29 FMP 1176D January 2016 (1) - 0.01 # 0.01 # # # 0.02 ------0.05 FMP 1183D January 2016 (1) - # # 0.01 # # # # ------0.02 FMP 1107D March 2016 (1) - 0.03 # 0.26 0.05 # # 0.05 ------0.39 FMP 1114D March 2016 (1) - 0.11 # 0.29 0.05 0.01 # 0.16 ------0.62 FMP 1120D March 2016 (1) - # # # # # # # ------0.00 FMP 1148D February 2016 (1) - # # # # # # # ------0.02 FMP 1168D February 2016 (1) - 0.02 # 0.27 0.05 # # 0.02 ------0.36 FMP 1148D February 2016 (2) - 0.02 0.34 0.11 0.02 # # 0.03 ------0.51 HDFC FMP 1104D April 2016 (1) - # # 0.01 # # # # ------0.02 FMP 1161D February 2016 (1) - 0.04 # 2.52 0.44 # # 0.06 ------3.07 FMP 1140D March 2016 (1) - 0.02 0.35 0.10 0.02 # # 0.02 ------0.52 HDFC FMP 1113D June 2016 (1) - # # 0.03 # # # # ------0.04 FMP 1190D March 2016 (1) - 0.03 0.17 1.31 0.23 # # 0.04 ------1.79 HDFC FMP 1153D April 2016 (1) - # 0.04 0.12 0.02 # # # ------0.19 HDFC FMP 1127D May 2016 (1) - # 0.02 0.15 0.02 # # # ------0.21 HDFC FMP 1127D June 2016 (1) - # # 0.02 # # # # ------0.03 HDFC FMP 1112D June 2016 (1) - # # 0.04 # # # # ------0.06 HDFC FMP 1128D June 2016 (1) - # # 0.13 0.02 # # # ------0.17 HDFC FMP 1161D JULY 2016 (1) - # # 0.10 0.02 # # # ------0.13 HDFC FMP 1111D September 2016 (1) - # # 0.13 0.02 # # # ------0.16

HDFC MF SAI - dated June 28, 2019 120 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 1155D February 2017 (1) - # # 0.03 # # # # ------0.05 HDFC FMP 1150D February 2017 (1) - # # # # # # # ------0.01 HDFC FMP 1169D February 2017 (1) - # # 0.06 0.01 # # 0.01 ------0.09 HDFC FMP 1309D September 2016 (1) - 0.05 # 1.35 0.24 # # 0.07 ------1.72 HDFC FMP 1302D September 2016 (1) - 0.03 # 1.01 0.18 # # 0.05 ------1.28 HDFC FMP 1218D December 2016 (1) - 0.01 0.02 0.49 0.09 # # 0.02 ------0.63 HDFC FMP 1170D February 2017 (1) - 0.01 0.02 0.22 0.04 # # 0.02 ------0.31 HDFC FMP 1199D January 2017 (1) - # 0.02 0.38 0.07 # # 0.01 ------0.48 HDFC FMP 1178D February 2017 (1) - 0.01 0.01 0.18 0.03 # # 0.02 ------0.25 HDFC FMP 1172D April 2017 (1) - # # # # # # # ------0.01 HDFC FMP 1165D April 2017 (1) - # # # # # # # ------0.01 HDFC FMP 1188D March 2017 (1) - 0.02 0.02 0.04 # # # 0.03 ------0.13 HDFC FMP 1213D March 2017 (1) - 0.02 # - - # # 0.03 ------0.06 HDFC FMP 1166D MAY 2017 (1) - # # 0.04 # # # 0.01 ------0.06 HDFC FMP 1136D JUNE 2017 (1) - # # 0.02 # # # # ------0.05 HDFC FMP 1136D JUNE 2017 (1) - # # 0.01 # # # # ------0.02 HDFC FMP 3360D March 2014 (1) - - - 2.60 0.46 # # 0.04 ------3.10 HDFC FMP 92D FEBRUARY 2018 (1) - # # - - # # # ------0.01

121 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset HDFC Computer Age HDFC GRUH HDFC Housing HDFC the Management Trustee Management Sales Private Finance Investments Development Securities Associate Company Limited$ ompany Services Pvt. Limited $ Limited$ Limited$ Finance Limited$$$ Limited$ Limited$$$ Corporation Limited@ Scheme Name Bank Custody Commission Investment Service Trustee Service Registrar and Commission Commission Commission Commission Commission Brokerage Total Charges Charges on Management Tax on Fees Tax Transfer Agent on on on on distribution on on distribution and Advisory Investment on Fees distribution distribution distribution of of Units distribution of securities of Units Fees Management Trustee of Units of Units Units Units transactions and Advisory Fees Fees HDFC FMP 1158D February 2018 (1) - # 0.02 # # # # # ------0.04 HDFC HOF - I - 1140D November 2017 (1) - Series 1 - 0.06 6.62 5.43 0.98 # # 0.54 # - - - - 0.01 13.64 HDFC FMP 92D March 2018 (1) - # # - - # # # ------0.00 HDFC FMP 1143D March 2018 (1) - # 0.02 # # # # # ------0.03 HDFC FMP 1145D March 2018 (1) - # 0.04 # # # # # ------0.04 HDFC FMP 1147D March 2018 (1) - # 0.03 # # # # # ------0.04 HDFC FMP 1150D MARCH 2018 (1) - # 0.03 # # # # # ------0.04 HDFC FMP 1177D March 2018 (1) - # 0.80 # # # # # ------0.80 HDFC FMP 1208D MARCH 2018 (1) - # 0.17 0.01 # # # # ------0.19 Total 1.43 16.41 235.67 1,736.48 301.65 2.00 0.35 122.53 0.03 0.00 0.00 0.00 0.00 2.23 2,418.78

April 1, 2018 to March 31, 2019 (Rs. in lakhs) Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Dual Advantage Fund - I - 1100D August 2015 - # 0.34 1.24 0.22 # # 0.02 - - - - # - 1.82 HDFC Dual Advantage Fund - II - 1160D January 2016 - 0.01 0.33 2.06 0.37 # # 0.03 - - - - - # 2.84 HDFC Dual Advantage Fund - II - 1099D March 2016 - # 0.02 0.39 0.07 # # # ------0.50 HDFC Dual Advantage Fund - II - 1111D April 2016 - # 0.59 2.29 0.41 # # 0.02 ------3.35 HDFC Dual Advantage Fund - III - 1304D August 2016 - # 0.03 1.12 0.20 # # 0.02 ------1.40

HDFC MF SAI - dated June 28, 2019 122 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Dual Advantage Fund - III – 1224D November 2016 - # # 0.53 0.10 # # 0.01 ------0.66 HDFC Dual Advantage Fund - III - 1267D October 2016 - # 0.03 0.79 0.14 # # 0.01 - - - - - # 0.98 HDFC Charity Fund for Cancer Cure - Arbitrage Plan # # (#) - - # # # ------# HDFC Equity Opportunities Fund - II - 1126D May 2017 (1) - 0.06 0.68 7.79 1.40 # # 0.27 - - - - - 0.03 10.50 HDFC Equity Opportunities Fund - II - 1100D June 2017 (1) - 0.04 0.09 5.33 0.96 # # 0.17 # - - - # # 6.76 HDFC Small Cap Fund 0.05 # 2.34 32.65 5.88 0.03 # 2.45 # - - - - 0.15 46.26 HDFC Growth Opportunities Fund # - 0.05 23.35 4.20 # # 0.38 # - - - - 0.08 28.43 HDFC Arbitrage Fund # 2.20 0.43 5.22 0.94 0.02 # 0.22 ------9.25 HDFC Capital Builder Value Fund 0.05 # 6.21 31.98 5.76 0.02 # 1.94 # - - # - 0.12 47.93 HDFC Focused 30 Fund # 0.02 0.44 7.77 1.40 # # 0.17 # - - # - 0.03 10.01 HDFC Equity Fund 0.12 - 10.19 210.64 37.91 0.13 0.02 6.63 # # - # - 0.22 272.22 HDFC Children’s Gift Fund 0.02 0.10 0.37 23.60 4.25 0.01 # 0.94 # - # # # # 30.36 HDFC Balanced Advantage Fund 0.10 0.03 36.66 302.73 54.49 0.19 0.03 7.84 # # - # # 0.23 413.44 HDFC Equity Savings Fund 0.01 2.35 13.77 52.64 9.47 0.04 # 0.89 # - - - - 0.08 80.09 HDFC Index Fund-NIFTY 50 Plan # 0.02 0.06 0.19 0.03 # # 0.06 # - - - - - 0.46 HDFC Hybrid Equity Fund 0.11 0.82 8.79 162.11 29.18 0.11 0.02 5.21 # - - # - 0.04 213.10 HDFC Retirement Savings Fund - Equity Plan 0.02 0.02 0.25 5.23 0.94 # # 0.22 # - - - - # 6.93 HDFC Retirement Savings Fund - Hybrid-Debt Plan # # 0.04 0.52 0.09 # # # - - - - - # 0.68 HDFC Retirement Savings Fund - Hybrid-Equity Plan # # 0.10 2.15 0.39 # # 0.06 - - - - - # 2.78

123 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Index Fund-SENSEX Plan # 0.01 0.06 0.05 # # # 0.04 # - - # - - 0.25 HDFC Top 100 Fund 0.11 # 8.02 166.21 29.92 0.09 0.02 5.16 # - # # # 0.13 214.79 HDFC Long Term Advantage Fund # 0.07 0.24 19.62 3.53 # # 0.50 # - # # - - 24.49 HDFC Tax Saver 0.05 # 1.44 78.25 14.09 0.04 # 2.64 # - # - # 0.02 99.18 HDFC Infrastructure Fund # - 0.33 12.27 2.21 # # 0.35 # - - - - 0.06 15.53 HDFC Hybrid Debt Fund # 0.18 0.84 36.56 6.58 0.02 # 0.74 # - - # - 0.02 45.65 HDFC Mid-Cap Opportunities Fund 0.21 1.02 9.92 185.87 33.46 0.13 0.02 8.94 # - # # - 0.09 247.75 HDFC Multi- Asset Fund # # 0.04 2.59 0.47 # # 0.02 # - - - - # 3.16 HDFC Banking and PSU Debt Fund # 0.21 0.26 7.94 1.43 0.02 # 0.47 ------10.77 HDFC Credit Risk Debt Fund 0.02 1.26 7.22 136.87 24.64 0.11 0.02 2.52 # - - # - - 175.19 HDFC Charity Fund for Cancer Cure - Debt Plan - # (#) - - # # # ------# HDFC Dynamic Debt Fund # 0.04 0.39 11.25 2.03 # # 0.21 ------14.10 HDFC Low Duration Fund 0.02 0.73 2.92 31.02 5.58 0.06 0.01 1.56 # - - - - - 43.26 HDFC Income Fund # 0.05 0.10 12.85 2.31 # # 0.18 # - - # - - 15.66 HDFC Liquid Fund 0.07 2.07 0.90 60.72 10.93 0.37 0.07 2.70 # - - # - - 82.18 HDFC Gilt Fund # - 0.09 5.87 1.06 # # 0.24 ------7.48 HDFC Overnight Fund # - 0.03 3.58 0.64 0.02 # 0.02 # - - - - - 4.75 HDFC Corporate Bond Fund 0.01 0.75 0.05 27.96 5.03 0.07 0.01 1.69 ------37.32 HDFC Money Market Fund # 0.20 0.32 6.55 1.18 0.03 # 0.39 ------9.00 HDFC Short Term Debt Fund 0.01 0.66 0.15 14.81 2.67 0.06 0.01 1.46 ------21.26 HDFC Floating Rate Debt Fund 0.01 0.85 0.93 20.29 3.65 0.08 0.01 0.85 ------27.19 HDFC Medium Term Debt Fund # 0.09 0.15 8.10 1.46 # # 0.23 # - - - - - 10.24 HDFC NIFTY 50 ETF - # (#) 0.02 # # # 0.01 ------0.06 HDFC SENSEX ETF - # (#) # # # # # ------0.01 HDFC Gold Exchange Traded Fund # - (#) 3.04 0.55 # # 0.02 ------3.64 HDFC Dynamic PE Ratio Fund of Funds # - # 0.02 # # # # ------0.03

HDFC MF SAI - dated June 28, 2019 124 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Gold Fund # # 0.10 - - # # 0.09 # - - - - - 0.27 HDFC Fixed Maturity Plan - 370D March 2014 (1) - Series 29 - # # 0.02 # # # # ------0.03 HDFC Fixed Maturity Plan - 793D February 2014 (1) - Series 29 - # # 0.01 # # # # ------0.02 HDFC Fixed Maturity Plan - 1175D January 2014 (1) - Series 29 - # # 0.24 0.04 # # # ------0.29 HDFC Fixed Maturity Plan - 1127D May 2015 (1) - Series 33 - # # # # # # # ------0.01 HDFC Fixed Maturity Plan - 1112D June 2015 (1) - Series 33 - # # 0.04 # # # # ------0.06 HDFC Fixed Maturity Plan - 1126D July 2015 (1) - Series 34 - # # # # # # # ------# HDFC Fixed Maturity Plan - 1134D July 2015 (1) - Series 34 - # # 0.02 # # # # ------0.03 HDFC Fixed Maturity Plan - 1846D August 2013 (1) - Series 27 - 0.01 # 2.94 0.53 # # 0.02 ------3.52 HDFC Fixed Maturity Plan - 1141D July 2015 (1) - Series 34 - # # # # # # # ------0.01 HDFC Fixed Maturity Plan - 1108D September 2015 (1) - Series 34 - # # # # # # # ------# HDFC Fixed Maturity Plan - 1875D August 2013 (1) - Series 27 - # # 0.36 0.07 # # # ------0.44 HDFC Fixed Maturity Plan - 1105D October 2015 (1) - Series 34 - # # 0.06 0.01 # # # ------0.07

125 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Fixed Maturity Plan - 1111D November 2015 (1) - Series 34 - 0.01 # 0.02 # # # 0.01 ------0.05 HDFC Fixed Maturity Plan - 1105D December 2015 (1) - Series 35 - # # 0.13 0.02 # # # ------0.17 HDFC Fixed Maturity Plan - 1132D February 2016 (1) - Series 35 - 0.03 # 0.08 0.01 # # 0.02 ------0.17 HDFC Fixed Maturity Plan - 1155D February 2016 (1) - Series 35 - # # 0.02 # # # # ------0.04 HDFC Fixed Maturity Plan - 1167D January 2016 (1) - Series 35 - 0.06 # 0.29 0.05 # # 0.05 ------0.51 HDFC Fixed Maturity Plan - 1176D January 2016 (1) - Series 35 - 0.01 # 0.02 # # # 0.01 ------0.06 HDFC Fixed Maturity Plan - 1183D January 2016 (1) - Series 35 - # # 0.11 0.02 # # # ------0.14 HDFC Fixed Maturity Plan - 1107D March 2016 (1) - Series 36 - 0.03 # 2.67 0.48 # # 0.02 ------3.24 HDFC Fixed Maturity Plan - 1114D March 2016 (1) - Series 35 - 0.11 # 1.62 0.29 0.01 # 0.08 ------2.21 HDFC Fixed Maturity Plan - 1120D March 2016 (1) - Series 35 - # # # # # # # ------# HDFC Fixed Maturity Plan - 1148D February 2016 (1) - Series 35 - # # 0.10 0.02 # # # ------0.12 HDFC Fixed Maturity Plan - 1168D February 2016 (1) - Series 35 - 0.02 # 1.15 0.21 # # 0.01 ------1.40 HDFC Fixed Maturity Plan - 1148D February 2016 (2) - Series 35 - 0.02 0.38 0.76 0.14 # # 0.01 ------1.32

HDFC MF SAI - dated June 28, 2019 126 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Fixed Maturity Plan - 1104D April 2016 (1) - Series 36 - # # 0.09 0.02 # # # ------0.12 HDFC Fixed Maturity Plan - 1161D February 2016 (1) - Series 35 - 0.04 # 5.27 0.95 # # 0.03 ------6.32 HDFC Fixed Maturity Plan - 1140D March 2016 (1) - Series 35 - 0.02 0.39 0.87 0.16 # # 0.01 ------1.46 HDFC Fixed Maturity Plan - 1113D June 2016 (1) - Series 36 - # # 0.08 0.02 # # # ------0.11 HDFC Fixed Maturity Plan - 1190D March 2016 (1) - Series 36 - 0.03 0.20 1.50 0.27 # # 0.02 ------2.04 HDFC Fixed Maturity Plan - 1153D April 2016 (1) - Series 36 - # 0.04 0.94 0.17 # # # ------1.16 HDFC Fixed Maturity Plan - 1127D May 2016 (1) - Series 36 - # 0.02 0.90 0.16 # # # ------1.10 HDFC Fixed Maturity Plan - 1127D June 2016 (1) - Series 36 - # # 0.02 # # # # ------0.03 HDFC Fixed Maturity Plan - 1112D June 2016 (1) - Series 36 - # # 0.14 0.02 # # # ------0.17 HDFC Fixed Maturity Plan - 1128D June 2016 (1) - Series 36 - # # 0.44 0.08 # # # ------0.53 HDFC Fixed Maturity Plan - 1161D July 2016 (1) - Series 36 - # # 0.04 # # # # ------0.06 HDFC Fixed Maturity Plan - 1111D September 2016 (1) - Series 37 - # # 0.41 0.07 # # # ------0.49 HDFC Fixed Maturity Plan - 1155D February 2017 (1) - Series 37 - # # 0.29 0.05 # # # ------0.36

127 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Fixed Maturity Plan - 1150D February 2017 (1) - Series 37 - # # 0.02 # # # # ------0.02 HDFC Fixed Maturity Plan - 1169D February 2017 (1) - Series 37 - # # 0.38 0.07 # # # ------0.47 HDFC Fixed Maturity Plan - 1309D September 2016 (1) - Series 37 - 0.05 # 4.91 0.88 # # 0.04 ------5.92 HDFC Fixed Maturity Plan - 1302D September 2016 (1) - Series 37 - 0.03 # 3.87 0.70 # # 0.02 ------4.65 HDFC Fixed Maturity Plan - 1218D December 2016 (1) - Series 37 - 0.01 0.03 0.16 0.03 # # # ------0.25 HDFC Fixed Maturity Plan - 1170D February 2017 (1) - Series 37 - 0.01 0.03 0.70 0.13 # # # ------0.89 HDFC Fixed Maturity Plan - 1199D January 2017 (1) - Series 37 - # # 0.34 0.06 # # # ------0.43 HDFC Fixed Maturity Plan - 1178D February 2017 (1) - Series 37 - 0.01 # 0.70 0.13 # # # ------0.86 HDFC Fixed Maturity Plan - 1172D April 2017 (1) - # # 0.04 # # # # ------0.05 HDFC Fixed Maturity Plan - 1165D April 2017 (1) - # # 0.03 # # # # ------0.04 HDFC Fixed Maturity Plan - 1188D March 2017 (1) - Series 38 - 0.02 0.02 1.85 0.33 # # 0.02 ------2.27 HDFC Fixed Maturity Plan - 1213D March 2017 (1) - Series 38 - 0.02 # 2.90 0.52 # # 0.02 ------3.48 HDFC Fixed Maturity Plan - 1166D May 2017 (1) - # # 0.37 0.07 # # # ------0.46

HDFC MF SAI - dated June 28, 2019 128 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Fixed Maturity Plan - 1136D June 2017 (1) - # # 0.26 0.05 # # # ------0.33 HDFC Fixed Maturity Plan 1430D July 2017 (1) - # # 0.08 0.01 # # # ------0.11 HDFC Fixed Maturity Plan - 3360D March 2014 (1) - Series 30 - - (#) 2.70 0.49 # # 0.02 ------3.23 HDFC FMP 1158D February 2018 (1) - 0.04 (#) 0.04 # # # 0.03 ------0.16 HDFC HOF - I - 1140D November 2017 (1) - Series 1 - 0.16 2.01 15.82 2.85 0.02 # 0.76 # - - # - 0.04 22.37 HDFC FMP 1143D March 2018 (1) - 0.03 (#) 0.06 0.01 # # 0.03 ------0.15 HDFC FMP 1145D March 2018 (1) - 0.01 (#) 0.13 0.02 # # 0.01 ------0.19 HDFC FMP 1147D March 2018 (1) - 0.02 (#) 0.10 0.02 # # 0.02 ------0.19 HDFC FMP 1150D MARCH 2018 (1) - # (#) 0.12 0.02 # # # ------0.16 HDFC FMP 1177D March 2018 (1) - 0.03 0.01 0.51 0.09 # # 0.02 ------0.68 HDFC FMP 1208D MARCH 2018 (1) - 0.03 (#) 0.31 0.06 # # 0.02 ------0.43 HDFC FMP 1146D April 2018 (1) # 0.01 0.36 0.24 0.04 # # # ------0.68 HDFC FMP 1181D April 2018 (1) - # 0.03 0.05 # # # # ------0.10 HDFC FMP 1183D April 2018 (1) - # 0.02 0.06 0.01 # # # ------0.12 HDFC FMP 1099D June 2018 (1) - # 0.05 0.15 0.03 # # # ------0.24 HDFC FMP 1113D June 2018 (1) # # 0.04 0.11 0.02 # # # ------0.17 HDFC FMP 1119D June 2018 (1) # # 0.05 0.15 0.03 # # # ------0.24 HDFC FMP 1124D June 2018 (1) - 0.02 0.19 1.50 0.27 # # # ------2.01 HDFC FMP 97D May 2018 (1) # # # 0.15 0.03 # # 0.02 ------0.21

129 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC FMP 1134D May 2018 (1) # # 0.08 0.28 0.05 # # # ------0.43 HDFC FMP 1434D May 2018 (1) - # 0.01 0.03 # # # # ------0.06 HDFC FMP 1122D July 2018 (1) - # 0.12 0.21 0.04 # # # ------0.38 HDFC FMP 1133D JULY 2018 (1) - # 0.10 0.20 0.04 # # # ------0.35 HDFC FMP 1105D August 2018 (1) - # 0.08 0.19 0.03 # # # ------0.33 HDFC FMP 1113D August 2018 (1) - # 0.04 0.10 0.02 # # # ------0.16 HDFC FMP 1141D August 2018 (1) # # 0.19 0.70 0.13 # # # ------1.04 HDFC FMP 1105D August 2018 (2) - # 0.05 0.25 0.05 # # # ------0.37 HDFC FMP 1487D August 2018 (1) - 0.02 0.21 1.61 0.29 # # # ------2.16 HDFC FMP 91D August 2018 (1) - # # 0.08 0.02 # # # ------0.11 HDFC FMP 1122D August 2018 (1) - # 0.07 0.20 0.04 # # # ------0.32 HDFC FMP 1115D September 2018 (1) - # 0.03 0.13 0.02 # # # ------0.19 HDFC FMP 1381D September 2018 (1) - # 0.16 0.29 0.05 # # # ------0.52 HDFC Ultra Short Term Fund # 0.06 0.10 2.36 0.42 # # # # - - - - - 3.19 HDFC FMP 1372D September 2018 (1) - # 0.02 0.19 0.03 # # # ------0.25 HDFC FMP 1260D October 2018 (1) - # # # # # # ------# HDFC FMP 1274D October 2018 (1) - # 0.07 0.31 0.06 # # ------0.45 HDFC FMP 1280D October 2018 (1) - # 0.11 0.28 0.05 # # ------0.44 HDFC FMP 1344D October 2018 (1) - # # 0.04 # # # ------0.06 HDFC FMP 1232D NOVEMBER 2018 (1) - # # # # # # ------0.04

HDFC MF SAI - dated June 28, 2019 130 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC FMP 1246D NOVEMBER 2018 (1) - # 0.02 0.01 # # # ------0.05 HDFC FMP 1265D October 2018 (1) - # # - - # # ------# HDFC FMP 1260D October 2018 (1) - - 0.03 # # # # ------0.04 HDFC FMP 1224D DECEMBER 2018 (1) - # 0.01 # # # # ------0.02 HDFC FMP 1218D December 2018 (1) - # # # # # # ------0.01 HDFC FMP 1211D December 2018 (1) - # # - - # # ------# HDFC FMP 1203D December 2018 (1) - # # # # # # ------0.01 HDFC Fixed Maturity Plan - 1157D February 2015 (1) - Series 33 - # # # # # # # ------# HDFC Capital Protection Oriented Fund - Series III -1207D December 2014 - # # 0.08 0.01 # # # ------0.10 HDFC Capital Protection Oriented Fund - Series III - 1173D January 2015 - # (#) 0.13 0.02 # # # - - - - - # 0.16 HDFC Balanced Fund 0.02 0.16 3.27 23.82 4.29 0.02 # 2.36 # - - # - # 33.96 HDFC Focused Equity Fund - Plan B - # 0.14 1.19 0.21 # # 0.13 - - - - - # 1.68 HDFC Prudence Fund # 0.08 12.02 62.10 11.18 0.04 # 3.68 # - - # - 0.16 89.28 HDFC Index Fund-Sensex Plus Plan # # # 0.11 0.02 # # # # - - # - - 0.14 HDFC Regular Savings Fund # # 0.22 5.37 0.97 # # 0.10 # - - # - - 6.67 HDFC Gilt Fund-Short Term Plan # - # 0.07 0.01 # # 0.02 ------0.10 HDFC Floating Rate Income Fund - Long Term Plan # # # 0.21 0.04 # # 0.05 ------0.30

131 HDFC MF SAI - dated June 28, 2019 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC Monthly Income Plan - Short Term Plan # # 0.01 0.63 0.11 # # 0.02 # - - - - - 0.78 HDFC Fixed Maturity Plan - 1184D January 2015 (1) - Series 33 - # # 0.41 0.07 # # # ------0.49 HDFC FMP 1919D January 2013 (1) - # (#) 0.05 # # # # ------0.05 HDFC Fixed Maturity Plan - 1115D March 2015 (1) - Series 33 - # (#) # # # # # ------# HDFC Fixed Maturity Plan - 1128D March 2015 (1) - Series 33 - # # # # # # # ------# HDFC Fixed Maturity Plan - 1135D March 2015 (1) - Series 33 - # # # # # # # ------0.01 HDFC Fixed Maturity Plan - 1106D May 2015 (1) - Series 33 - # # # # # # # ------# HDFC FMP 92D FEBRUARY 2018 (1) - # # # # # # # ------0.02 HDFC FMP 92D March 2018 (1) - # # # # # # # ------# HDFC FMP 1190D January 2019 (1) - # 0.02 # # # # ------0.02 HDFC FMP 1182D January 2019 (1) - # # # # # # ------0.01 HDFC FMP 1175D January 2019 (1) - # # # # # # ------0.01 HDFC FMP 1168D January 2019 (1) - # # # # # # ------0.01 HDFC FMP 1196D December 2018 (1) - # # # # # # ------# HDFC FMP 1154D February 2019 (1) - # # # # # # ------0.01 HDFC FMP 1133D February 2019 (1) - # # # # # # ------0.02 HDFC FMP 1126D March 2019 (1) - # # # # # # ------#

HDFC MF SAI - dated June 28, 2019 132 Name of HDFC Bank Limited$$$ HDFC Asset Management Company HDFC Trustee Computer HDFC Sales Housing GRUH HDFC HDFC Securities Limited$$$ the Limited$ Company Limited$ Age Private Development Finance Investments Associate Management Limited $ Finance Limited$ Limited$ Services Pvt. Corporation Limited$$$ Limited@ Total Scheme Name Bank Custody Commission Investment GST on Trustee GST Registrar and Commission Commission Commission Commission Commission Brokerage Charges Charges on Management Investment Fees on Transfer Agent on on on on distribution on on distribution and Advisory Management Trustee Fees distribution distribution distribution of of Units distribution of securities of Units Fees and Advisory Fees of Units of Units Units Units transactions Fees HDFC FMP 1127D March 2019 (1) - # # # # # # ------# HDFC FMP 1120D March 2019 (1) - # # # # # # ------# HDFC FMP 1118D March 2019 (1) - # # # # # # ------# HDFC FMP 1146D February 2019 (1) - # # # # # # ------# HDFC Focused Equity Fund - Plan A - - (#) - - - - # ------# HDFC Annual Interval Fund - Series I - Plan A - # (#) - - # # # ------# Total 1.08 15.41 137.48 1,896.79 341.42 2.00 0.36 66.55 0.04 # # # # 1.54 2,462.69 # less than Rs 0.01 Crores, $ Group Company of Sponsor, (@) Sponsor. ($$$) Associate HDFC Bank Limited, an associate of the Co- Sponsor, is on the panel of Bankers with whom the HDFC Mutual Fund places fixed deposits and enters into reverse repo transactions from time to time at competitive rates. The AMC is availing the services of the Co-Sponsor to act as a Collection and Distribution Agent.

133 HDFC MF SAI - dated June 28, 2019 The percentage of brokerage paid to associate brokers was in line with the norms relating to brokerage payment for secondary market transactions of the Mutual Fund. The AMC may, from time to time, for the purpose of conducting its normal business, use the services (including Brokerage services and securities transactions) of the Sponsors, subsidiaries, group companies, associates of its Sponsor and their employees or relatives. The subsidiaries of HDFC Ltd. as on March 31, 2019. 1. HDFC Holdings Ltd. 2. HDFC Investments Ltd. 3. HDFC Trustee Co. Ltd. 4. HDFC Ventures Trustee Co. Ltd. 5. HDFC Sales Pvt. Ltd. 6. HDFC Property Ventures Ltd 7. Griha Investments Mauritius (Face Value in USD) (through HDFC Holdings Ltd.) 8. HDFC Education and Development Services Pvt. Ltd. 9. Griha Pte Ltd. Singapore (Face Value in SGD) (through HDFC Investments Ltd.) 10. HDFC Credila Financial Services Pvt. Ltd. 11. HDFC Venture Capital Ltd 12. HDFC Ergo General Insurance Co. Ltd. 13. HDFC Standard Life Insurance Co. Ltd. 14. HDFC Asset Management Co. Ltd. 15. GRUH Finance Ltd. 16. HDFC Life Pension Fund Management Co. Ltd. 17. HDFC International Life and Re Company Limited (Through HDFC Standard Life Insurance company Ltd.) 18. HDFC Capital Advisors Ltd. 19. Magnum Foundations Pvt. Ltd (Through HDFC Property Ventures Ltd.) The AMC may utilise the services of Sponsors, group companies and any other subsidiary or associate company of the Sponsors established or to be established at a later date, in case such a company (including their employees or relatives) is in a position to provide the requisite services to the AMC. Further, the Scheme(s) may invest in the securities issued by associates or group companies of the Sponsor / the AMC. The AMC will conduct its business with the aforesaid companies (including their employees or relatives) on commercial terms and on arms-length basis and at mutually agreed terms and conditions to the extent permitted under the SEBI (MF) Regulations, after evaluation of the competitiveness of the pricing offered by the Sponsors, associate companies (including their employees or relatives) and the services to be provided by them. Associate transactions, if carried out, will be as per the SEBI (MF) Regulations and the limits prescribed thereunder. The Scheme shall not make any investments in –  any unlisted security of an associate or group company of the Sponsors; or  any security issued by way of private placement by an associate or group company of the Sponsors; or  the listed securities of group companies of the Sponsors which is in excess of 25% of the net assets.  Documents Available For Inspection Copies of the following documents may be inspected during Business Hours on any Business Day at the registered office of the AMC. 1. Trust Deed and amendments thereto, if any 2. Investment Management Agreement; 3. Custodian Agreement; 4. registrars Agreement; 5. Memorandum and Articles of Association of the AMC; 6. Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and amendments thereto from time to time; 7. Indian Trusts Act, 1882; 8. Consent of the Auditors and Legal Advisors to act in the said capacity; 9. registration Certificate for the Mutual Fund granted by SEBI; and 10. The scheme wise annual report

 Investor Grievances Redressal Mechanism Investors may contact any of the Investor Service Centres (ISCs) of the AMC for any queries / clarifications at telephone number 1800 3010 6767 / 1800 419 7676 (toll free), Fax number. (022) 22821144, e-mail: [email protected]. Investors can also post their grievances/feedback/suggestions on our website www.hdfcfund.com under the section ‘’Feedback or queries’’ appearing under ‘Contact Us’. The Head Office of the AMC will follow up with the respective ISCs to ensure timely redressal and prompt investor services. Mr. John Mathews, Head - Client Services can be contacted at Ramon House, 1st Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020 at telephone number (Direct) (022) 66316301 or telephone number (Board) (022) 66316333. His e-mail contact is: [email protected]

HDFC MF SAI - dated June 28, 2019 134 Investor Complaints A. Given below is the status of complaints received during the period April 1, 2016 to November 30, 2019. Name of Scheme Complaints received Complaints redressed Complaints Pending

April 1, April 1, April 1, April 1, April 1, April 1, April 1, April 1, As at As at As at As at 2016 to 2017 to 2018 to 2019 to 2016 to 2017 to 2018 to 2019 to March March March November March March March November March March March November 31, 2017 31, 2018 31, 2019 30, 2019 31, 2017 31, 2018 31, 2019 30, 2019 31, 2017 31, 2018 31, 2019 30, 2019

HDFC Annual Interval Fund (Scheme wound up) 1 1 9 2 1 1 9 2 – – – –

HDFC Arbitrage Fund 7 22 42 10 7 22 42 10 – – – –

HDFC Balanced Advantage Fund 367 889 1066 716 367 887 1067 713 1 3 2 5

HDFC Banking and PSU Debt Fund 12 27 4 4 12 27 4 4 – – – –

HDFC Cancer Cure Funds 1 7 3 1 1 7 3 1 – – – –

HDFC Capital Builder Value Fund 40 109 253 94 41 109 253 92 – – – 2

HDFC Capital Protection Oriented Fund 7 14 5 1 7 14 5 1 – – – –

HDFC Children’s Gift Fund 124 120 290 184 123 121 290 182 1 – – 2

HDFC Corporate Bond Fund 18 20 11 11 17 21 11 11 1 – – –

HDFC Credit Risk Debt Fund 44 44 53 23 44 44 52 24 – – 1 –

HDFC Dual Advantage Fund 7 2 46 3 7 2 46 3 – – – –

HDFC Dynamic Debt Fund 15 4 5 3 15 4 5 3 – – – –

HDFC Dynamic PE Ratio FOF – 3 4 – – 3 4 – – – – –

HDFC Equity Fund 249 586 602 364 241 594 601 365 8 – 1 –

HDFC Equity Opportunities Fund – 22 8 8 – 22 8 8 – – – –

HDFC Equity Savings Fund 9 63 38 29 9 63 38 29 – – – –

HDFC Fixed Maturity Plans 47 107 67 26 47 106 68 25 – 1 – 1

HDFC Floating Rate Debt Fund 3 5 18 3 3 5 18 3 – – – –

HDFC Focused 30 Fund 7 22 9 3 7 22 9 3 – – – –

HDFC Focused Equity Fund 14 12 2 2 14 11 3 2 – 1 – –

HDFC Gilt Fund 14 2 – 2 14 2 – 2 – – – –

HDFC Gold ETF – 1 3 – – 1 3 – – – – –

HDFC Gold Fund 14 7 12 7 14 7 12 7 – – – –

HDFC Growth Opportunities Fund 15 53 84 68 15 53 84 68 – – – –

HDFC Housing Opportunities Fund - Series 1 – 137 52 15 – 137 52 15 – – – –

HDFC Hybrid Debt Fund 30 25 64 22 30 25 64 22 – – – –

HDFC Hybrid Equity Fund 262 999 534 201 260 999 536 200 2 2 – 1

HDFC Income Fund 8 2 12 7 8 2 12 7 – – – –

HDFC Index Fund - Sensex Plan 1 3 6 7 1 3 6 7 – – – –

HDFC Index Fund-NIFTY 50 Plan 1 2 20 13 1 2 20 13 – – – –

HDFC Infrastructure Fund 18 27 31 14 18 27 31 14 – – – –

HDFC Liquid Fund 41 62 133 100 41 62 133 100 – – – –

HDFC Long Term Advantage Fund 46 64 71 24 46 64 71 24 – – – –

HDFC Low Duration Fund 95 180 158 60 95 180 158 60 – – – –

HDFC Medium Term Debt Fund 8 5 1 2 8 5 1 2 – – – –

HDFC Mid - Cap Opportunities Fund 519 851 839 493 514 857 840 492 8 2 1 2

135 HDFC MF SAI - dated June 28, 2019 Name of Scheme Complaints received Complaints redressed Complaints Pending

April 1, April 1, April 1, April 1, April 1, April 1, April 1, April 1, As at As at As at As at 2016 to 2017 to 2018 to 2019 to 2016 to 2017 to 2018 to 2019 to March March March November March March March November March March March November 31, 2017 31, 2018 31, 2019 30, 2019 31, 2017 31, 2018 31, 2019 30, 2019 31, 2017 31, 2018 31, 2019 30, 2019

HDFC Money Market Fund 9 22 21 12 9 22 21 11 – – – 1

HDFC Multi-Asset Fund – 3 3 3 – 3 3 3 – – – –

HDFC Nifty 50 ETF – – – – – – – – – – – –

HDFC Overnight Fund 1 20 6 4 1 20 6 3 – – – 1

HDFC Retirement Savings Fund - Equity Plan 42 34 48 27 42 34 48 27 – – – –

HDFC Retirement Savings Fund - Hybrid Debt Plan 7 3 2 3 7 3 2 2 – – – 1

HDFC Retirement Savings Fund - Hybrid Equity Plan 8 10 15 9 8 10 15 9 – – – –

HDFC Sensex ETF 1 1 – – 1 1 – – – – – –

HDFC Short Term Debt Fund 6 5 21 9 6 5 21 9 – – – –

HDFC Small Cap Fund 29 142 521 251 29 141 520 253 – 1 2 –

HDFC TaxSaver 238 333 408 236 235 337 408 234 4 – – 2

HDFC Top 100 Fund 291 409 489 385 291 409 491 384 2 2 – 1

HDFC Ultra Short Term Fund – – 25 33 – – 25 32 – – – 1

Grand Total 2,676 5,481 6,114 3,494 2,657 5,496 6,119 3,481 27 12 7 20

B. Given below is the status of SEBI complaints received during the period April 1, 2016 to November 30, 2019. Period Opening Received Redressed Pending

April 1, 2016 to March 31, 2017 4 181 182 3

April 1, 2017 to March 31, 2018 3 269 272 –

April 1, 2018 to March 31, 2019 – 256 256 –

April 1, 2019 to November 30, 2019 – 143 140 3

The data on the number of complaints received, redressed and pending required to be updated every two months as prescribed by SEBI is accordingly updated upto November 30, 2019. Notes: 1. The Statement of Additional Information (‘SAI’) will be 4. Notwithstanding anything contained in this Statement uploaded by HDFC Mutual Fund on its website (www. of Additional Information, the provisions of SEBI (MF) hdfcfund.com) and on AMFI website (www.amfiindia. Regulations, 1996 and the guidelines thereunder shall com). The printed copy of SAI will be made available to be applicable. the investor on request. 2. SAI will be updated within 3 months from the end of each For and on behalf of the Board of Directors of financial year and filed with SEBI. HDFC Asset Management Company Limited 3. Any material changes to SAI will be made on an ongoing basis by HDFC Mutual Fund by updating SAI on its website Place : Mumbai MILIND BARVE (www.hdfcfund.com) and on AMFI website (www.amfiindia. Date : June 28, 2019 Managing Director com). SEBI will be intimated of all such changes within 7 days. The effective date for all such changes will be mentioned in the updated SAI.

HDFC MF SAI - dated June 28, 2019 136 THIS PAGE IS INTENTIONALLY LEFT BLANK

137 HDFC MF SAI - dated June 28, 2019 HDFC Asset Management Company Limited

Registered Office : HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020 Tel.: 022-66316333  Toll Free no. 1800 3010 6767 / 1800 419 7676  Fax : 022-22821144 e-mail for Investors: [email protected] e-mail for Distributors: [email protected]

website: www.hdfcfund.com