HDFC MF Factsheet sEPT 2024

August 31, 2024
Aiming To Hit The Right Notes With

Equity, Debt and Gold Investments
Presenting
HDFC ASSET ALLOCATOR FUND OF FUNDS
Contact your MFD / RIA or give a missed call on 7397412345

HDFC Asset Allocator Fund of Funds (An open ended Fund of Funds Riskometer#
scheme investing in equity oriented, debt oriented and gold ETFs Modera
oderate High tely
schemes) is suitable for investors who are seeking*: to te M Hi
w era
Mo Lo
gh
d
Capital appreciation over long term

Very

High
Low
 Investment predominantly in equity oriented, debt oriented and

RISKOMETER
Gold ETF schemes
Investors understand that their principal will be at
high risk
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
#For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz.
www.hdfcfund.com
Investors in the Scheme shall bear the recurring expenses of the Scheme in addition to the expenses of other
Schemes in which this Fund of Funds scheme makes investment (subject to regulatory limits).
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,

READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
GLOSSARY
Sharpe Ratio Residual Maturity
Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess Weighted Residual Maturity of the securities in scheme.
to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe
ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) Portfolio Yield (Yield To Maturity)
for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off Weighted average yield of the securities in scheme portfolio.
investing in risk-free assets.
Portfolio Turnover Ratio
Beta Portfolio Turnover Ratio is the percentage of a fund’s holdings that have changed in a given
Beta (ß) of a portfolio is a number indicating the relation between portfolio returns with year. This ratio measures the fund’s trading activity, which is computed by taking the lesser
that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in of purchases or sales and dividing by average monthly net assets.
comparison to the market as a whole.
Modified Duration
Standard Deviation A formula that expresses the measurable change in the value of a security in response
A statistical measure that defines expected volatility/risk associated with a portfolio. to a change in interest rates. Modified duration of portfolio can be used to anticipate the
This explains the variation/deviation from the average returns delivered by the portfolio. change in market value of portfolio for every change in portfolio yield.
A higher standard deviation means higher volatility (risk) and a lower standard deviation
means lower volatility. Macaulay Duration (Duration)
Macaulay Duration (Duration) measures the price volatility of fixed income securities. It is
Risk Free Return often used in the comparison of interest rate risk between securities with different coupons
The theoretical rate of return of an investment with safest (zero risk) investment in a country. and different maturities. It is defined as the weighted average time to cash flows of a bond
where the weights are nothing but the present value of the cash flows themselves. It is
Total Expense Ratio expressed in years/days. The duration of a fixed income security is always shorter than its
Total expenses charged to scheme for the month expressed as a percentage to average term to maturity, except in the case of zero coupon securities where they are the same.
monthly net assets.
Tracking Error
Tracking error indicates how closely the portfolio return is tracking the benchmark Index
return. It measures the deviation between portfolio return and benchmark index return. A
lower tracking error indicates portfolio closely tracking benchmark index and higher tracking
error indicates portfolio returns with higher deviation from benchmark index returns.
HOW TO READ FACTSHEET

Fund Manager Standard Deviation
An employee of the asset management company such as a mutual fund or life insurer, Standard deviation is a statistical measure of the range of an investment’s performance.
who manages investments of the scheme. He is usually part of a larger team of fund When a mutual fund has a high standard deviation, its means its range of performance is
managers and research analysts. wide, implying greater volatility.
Application Amount for Fresh Subscription Sharpe Ratio
This is the minimum investment amount for a new investor in a mutual fund scheme. The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a
Minimum Additional Amount measure of risk-adjusted returns. It is calculated using standard deviation and excess
This is the minimum investment amount for an existing investor in a mutual fund scheme. return to determine reward per unit of risk.
Beta Ratio (Portfolio Beta)
Yield to Maturity Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1
The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until means that the security will be less volatile than the market. A beta of greater than 1
maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market implies that the security’s price will be more volatile than the market.
price, par value, coupon interest rate and time to maturity.
Average portfolio PE (Average P/E)
SIP It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted
SIP or systematic investment plan works on the principle of making periodic investments average basis.
of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may
opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period Average portfolio price to book ratio (Average P/BV)
of three years. It is price to book value of the stocks calculated for the entire portfolio on a weighted
average basis.
NAV
The NAV or the net asset value is the total asset value per unit of the mutual fund after Average portfolio dividend yield (Average Dividend Yield)
deducting all related and permissible expenses. The NAV is calculated at the end of every It is dividend yield of the stocks calculated for the entire portfolio on a weighted average
business day. It is the value at which the investor enters or exits the mutual fund. basis.
Benchmark Net Equity
A group of securities, usually a market index, whose performance is used as a standard Net equity level is the net equity exposure percentage adjusted for any derivative positions
or benchmark to measure investment performance of mutual funds, among other in stocks or index for hedging or rebalancing purpose.
investments. Some typical benchmarks include the NIFTY, SENSEX, BSE200, BSE500, R Squared
10-Year Gsec.
It is a statistical measure of how closely the portfolio returns are correlated with its
IDCW Option benchmark.
In line with applicable SEBI guidelines, with effect from April 1, 2021, the name of AUM
"Dividend Option" under the Schemes stand revised as "Income Distribution cum AUM or assets under management refers to the recent / updated cumulative market value
Capital Withdrawal (IDCW) Option". IDCW Option may offer Payout and Reinvestment of investments managed by a mutual fund or any investment firm.
Sub-options / facilities. Investors may note that the amounts can be distributed out
of investor’s capital (Equalization Reserve), which is part of sale price that represents Holdings
realized gains. The holdings or the portfolio is a mutual fund’s latest or updated reported statement of
investments/securities. These are usually displayed in terms of percentage to net assets or
Dividend / IDCW the rupee value or both. The objective is to give investors an idea of where their money is
"Dividend" / "IDCW" means income distributed on Mutual Fund Units from the being invested by the fund manager.
distributable surplus, which may include a portion of the investor’s capital {i.e. part of Sale
Price (viz. price paid by the investor for purchase of Units) representing retained realized Nature of Scheme
gains (equalisation reserve) in the Scheme books}. The investment objective and underlying investments determine the nature of the mutual
fund scheme. For instance, a mutual fund that aims at generating capital appreciation by
Exit Load investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit aims at capital preservation by investing in debt markets is a debt fund or income fund.
load is reduced from the prevailing NAV at the time of redemption. The investor will receive Each of these categories may have sub-categories.
redemption proceed at net value of NAV less Exit Load. For instance if the NAV is Rs. 100
and the exit load is 1%, the investor will receive Rs. 99. Rating Profile
Mutual funds invest in securities after evaluating their creditworthiness as disclosed by
Modified Duration the ratings. A depiction of the mutual fund in various investments based on their ratings
Modified duration is the price sensitivity and the percentage change in price for a unit becomes the rating profile of the fund. Typically, this is a feature of debt funds.
change in yield.
Important Note:
Housing Development Finance Corporation Limited (HDFC Ltd) has merged with HDFC Bank Limited, consequently HDFC Bank Limited is now the Sponsor of HDFC Mutual
Fund.
2 August 2024
Market Review
Macroeconomic Update Indicators Units Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24
Retail registration- Auto

@
Global growth softened driven by some moderation witnessed in the US while
2W 15.4 13.6 5.8 33.7 2.8 5.0 17.3 6.3
economic activity in Europe and China remained subdued. US labour market eased
with Non-Farm Payroll (NFP) below expectations and unemployment rate inching up PV 16.3 15.5 -3.2 19.9 2.9 -3.7 11.0 -3.8
to 4.3%, a near 3 years high. Further, the housing and manufacturing sectors activity MHCV 2.5 0.5 -14.4 -4.7 -3.1 -4.3 10.0 -8.2
remained muted. On the flip side, US growth surprised on the upside for Q2CY24 led LCV -3.9 -0.3 -7.4 -1.5 1.8 -8.1 1.9 -6.7
by resilient consumption. Further, monthly retail sales and activity in the services sector Tractors 23.9 12.8 -1.8 2.5 -1.1 -27.5 -13.6 -12.4
continued to be buoyant. China’s growth moderated to 4.7% in Q2CY24, below market Gross GST collection YoY, % 11.7 12.5 11.5 12.4 10.0 7.6 10.3 10.0
expectations. China’s industrial profit remained steady while its real estate activity Average E-Way bill
16.4 14.8 13.9 14.5 17.0 16.3 19.2
continues to reel under pressure. There are growing concerns over China not being generated
able to achieve the 5% GDP growth target in CY24. Power demand 6.1 4.7 9.1 10.5 15.3 8.9 8.5 -4.9
Digital Spending (UP-
Inflation moved within a narrow range and largely on expected lines across most major 35.5 40.6 33.5 32.6 31.6 32.1 29.9 26.2
I+IMPS)
economies. While most central banks maintained status quo on monetary policy, Bank
of Japan indicated that it will continue to raise rates to achieve its inflation goal. On Railway Freight Tonnage 6.4 10.1 9.5 1.4 3.7 10.1 4.6
the other hand, US FOMC Chairperson Jerome Powell in his Jackson Hole speech
Manufacturing PMI^ Index 56.5 56.9 59.1 58.8 57.5 58.3 58.1 57.5
indicated that it’s “time to adjust the policy” and Fed is likely to tilt towards relatively
Services PMI^ Index 61.8 60.6 61.2 60.8 60.2 60.5 60.3 60.9
easier monetary policy as the growth, labour market and inflation moves into better
Unemployment* % 7.4 8.1 7.4 8.1 7.3 9.0 7.7 8.5
balance. Further, ECB is also expected to cut repo rate again in September 2024 in
view of muted inflation. Source: www.gstn.org.in, www.icegate.gov.in, CMIE, PIB, RBI, www.vaahan.parivahan.gov.in,
www.posoco.in
India’s GDP growth moderates, internals favourable: Q1FY25 GDP growth softened
to 6.7% (4QFY24: 7.8%), lower than RBI estimate of 7.1%. However, internals were ^Number >50 reflects expansions and number <50 reflects contraction compared to previous month.
encouraging as reflected in healthy growth in both investments and consumption. @ - figures are preliminary data and are subject to revision. * based on CMIE survey
Private consumption picked up possibly aided by revival in rural consumption. Further,
investment (GFCF) growth remained robust supported by resilient private capex. Growth India’s economic indicators have been mixed in recent months with some slowdown
in exports outpaced the imports. Weak government consumption amid elections dragged visible in select pockets. Overall, we expect growth to remain relatively better, albeit
down the growth to a certain extent. lower than last year.
On the production side, real GVA growth stood at 6.8% (4QFY24: 6.3%) supported
by growth in industry led by electricity and construction while manufacturing growth Trade deficit widens, likely to remain range bound: Trade deficit rose in July
remained healthy. Services sector growth was largely driven by public administration etc. 2024 primarily driven by rise in NONG imports. Higher electronics, vegetable oil
(growing at 9.5%), despite weak government spending—reflecting robust spending by and machinery imports resulted in NONG imports rising. Further, NONG exports
defense and other public sector entities. In line with firm private consumption, the trade, declined slightly driven by engineering goods and chemicals. This was partly offset
hotels, transport, etc. also grew at an improved pace. Agriculture sector growth remained by lower oil imports.
sluggish at 2.0%, albeit better than last quarter, given the impact of the heatwave.
Amount in USD billion Jun-24 Jul-24 Change
Quarter ended Mar-24 Jun-24 Mar-24 Jun-24
(YoY, %) Trade Deficit/ (Surplus) 21.0 23.5 12.0%
Net Oil Imports 9.5 8.6 -9.3%
GDP 7.8 6.7 GVA 6.3 6.8
Net Gold Imports* 2.8 2.8 -1.8%
Private 4.0 7.4 Agriculture, Forestry 0.6 2.0
Consumption and Fishing NONG net imports 8.6 12.1 40.1%
Government 0.9 -0.2 Industry 8.4 8.3 Source: CMIE, Ministry of Commerce;*Net Gold includes gold, silver and pearls precious &
Consumption semiprecious stones adjusted for gems and jewellery exports. ^NONG refers to Non-Oil Non-Gold
Gross Capital 8.0 7.1 Manufacturing 8.9 7.0 (as defined above) imports/exports
formation
Gross Fixed 6.5 7.5 Construction 8.7 10.5
Capital The trade deficit is likely to remain within a similar range in view of resilient domestic
formation
demand, easing oil prices and expectations of pick up in exports on back of improvement
Services 6.7 7.2 in global trade. This along with potential healthy growth in services exports is likely
Exports 8.1 8.7 Trade, Hotels, 5.1 5.7 to keep current account within manageable range in FY25.
Transport, etc.
Imports 8.3 4.4 PADO 7.8 9.5
Central government finances in a comfortable position: Fiscal deficit declined
While the headline GDP growth remains lower than expected, internals were favourable.
in 4MFY25 on back of robust growth in direct tax collections primarily driven by
Growth is expected to pick up in view of likely pick up in government spending along
personal income tax. Non-tax receipt also rose on back of large increase in dividends
with steady improvement in rural consumption in view of favourable monsoon. Urban
from RBI. On the spending side, while capex picked up in July 2024, on FYTD basis it
consumption is likely to moderate and can marginally offset the impact.
was down 17.6% on account of delay in spending due to elections. Revenue spending
Indian economic activity softens in Q2FY25: Indian economic activity moderated in also remained muted.
recent months reflected in weakness in retail PV registration, freight tonnage movement,
and higher unemployment (as per CMIE survey). CV and tractor retail sales along INR billion 4MFY24 4MFY25 Change (YoY)
with power demand also contracted on YOY basis. However, some economic activity Gross tax revenue 8,942 10,842 21.3%
indicators held up well with manufacturing and services PMI remaining buoyant and
Total Direct Tax 4,333 5,791 33.6%
2W retail registration growing at a steady pace along with GST collections.
Total Indirect Tax 4,609 5,052 9.6%
Less: Share of States & others 3,116 3,690 18.4%
Source for various data points: Bloomberg, NSDL, CMIE, RBI, Kotak Institutional Research, World Bank, Daily valuation provided by ICRA/CRISIL.
Market Review continued on next page
August 2024 3
Market Review Contd...
Net Tax collection 5,826 7,152 22.8% Summary and Conclusion

Non- Tax Revenue 1,788 3,018 68.8%
Total Revenue Receipts 7,614 10,170 33.6% Global economic activity momentum continued to moderate after a subdued
Total Capital Receipts 137 64 -53.4% Q2CY24. The outlook on growth remains uncertain especially in view of ongoing
Total Receipts 7,751 10,234 32.0% weakness in the US labour market which has been the primary driver in sustaining
global growth. Further, economic activity in China remains weak and impact of growth
Total Revenue Expenditures 10,636 10,391 -2.3% supportive measure has been relatively low till now.
Total Capital Expenditures 3,171 2,613 -17.6%
India's growth, however, remains steady supported by buoyant manufacturing and
Total Expenditures 13,807 13,004 -5.8%
service sectors. Above trend monsoon is supportive of agriculture activity and rural in-
comes. Investments remain supported by real estate activity, government capex spending
Gross Fiscal Deficit -6,056 -2,769 -54.3%
Fiscal Deficit as % of GDP -2.2% -0.9% and improvement in organised private corporate capex. Private corporate sector capital
expenditure has potential to accelerate in view of low leverage, increasing capacity
Source: CMIE
utilization, consistent corporate profitability, and a robust banking sector balance sheet.
India’s external sector also remains robust on the back of comfortable current account
While the fiscal deficit has been substantially low till July 2024, pick up in deficit and adequate forex reserves. Rise in geopolitical tension disrupting supply
government spending is likely to normalise the same. Government announced the full chains, sharp deceleration in global economic activity, etc. are key near-term risks.
budget for FY25 wherein it estimates the deficit to narrow to 4.9% (interim budget
estimate: 5.1%) of GDP. The revenue and spending assumptions for FY25 appear Looking ahead, the medium-term outlook for India's economy appears optimistic.
realistic and achievable. This optimism is fuelled by policy continuity, benefits from Production-Linked In-
Retail inflation eased sharply, likely to remain range bound: India’s July CPI centive schemes, opportunities arising from shift in the global supply chain, enhanced
eased to 3.5% YOY primarily driven by favourable base effect. Food and beverage infrastructure investments, the potential of resurgence in private sector capex, and the
inflation moderated in July 2024 driven by lower YoY vegetable inflation. On sequential enduring robustness of consumption.
basis, food prices, however, rose by 2.5% on back of 3.2% increase in June 2024.
Transportation and communication rose on YoY basis due to increase in mobile tariffs
by major telecom companies during the month. Core CPI remained benign.
YoY, % Jun-24 Jul-24 Change in %

CPI 5.1 3.5 -1.6
Food & beverages 8.4 5.1 -3.3
Fuel and Light -3.6 -5.5 -1.9
Housing 2.7 2.7 -
Transportation & communication 1.0 2.5 1.5
Core CPI@ 3.8 3.7 -0.1
Source: CMIE; @-CPI excluding food, fuel, transportation & housing
CPI is expected to remain range bound in near term aided by favourable base effects,
benign input price pressure, arrival of new crops easing food inflation and sluggish
core CPI momentum.
Commodity prices: Oil prices remained under pressure during the month, despite
rise in geopolitical risks, driven by weak demand outlook for China and possibility
of increase in oil production by OPEC+. Most industrial commodity prices increased
during the month.
Market price
Aug-24 (%)^ FYTD25 (%)&
(USD)*
Brent Crude (Per barrel) 78.8 (2.4) (9.9)
Gold (per ounce) 2,503 2.3 12.3
Steel (per tonne) 470 (7.8) (7.8)
Zinc (per tonne) 2,862 8.6 19.7
Copper (per tonne) 9,215 2.2 5.6
Aluminium (per tonne) 2,424 8.8 5.6
Lead (per tonne) 2,027 0.1 3.1
Source: Bloomberg; *Market prices as on August 31, 2024. ^M-o-M change. & - Change in FYTD25
4 August 2024
Equity Market Update

Nifty and BSE Sensex ended marginally higher in August 2024, compared to July
2024, after falling sharply during beginning of the month. The midcap and smallcap
index returns were largely in line with the large-cap benchmarks. The sharp volatility
experienced by global equity markets in the first week of the month was driven by
risk of Bank of Japan raising rates aggressively which could result in unwinding of
Yen carry trade. However, the market calmed down on comment by Bank of Japan
that it will not raise rates if financial markets are volatile. The market recovered post
the comment and was trading within a range for most part of the month. The market
was driven by continued DII buying, steady growth in corporate profitability, healthy
economic growth, favourable progress, softening in global growth, weakness in US
labour market, etc. Sector indices witnessed mixed trend with Healthcare, IT and FMCG
outperformed while capital goods, Power and Auto underperformed.
Equity markets in the US and Europe ended in positive while in Japan, Korea and
China equities declined. Below are detailed tables outlining the performance of key
domestic and global indices.:
% Change in Indices Aug-24 FYTD25^ % Change Aug-24 FYTD25^

BSE India Auto (1.9) 20.1 S&P 500 2.3 7.5
BSE India Bankex (0.9) 9.0 Nasdaq 0.6 8.1
BSE India Capital Goods (3.3) 20.1 FTSE 0.1 5.3
BSE India FMCG 2.3 19.2 DAX 2.2 2.2
BSE India Healthcare 6.6 23.2 CAC 1.3 (7.0)
BSE India Metal (1.0) 15.1 Nikkei (1.2) (4.3)
BSE India Power (2.5) 22.8 Hang Seng 3.7 8.8
BSE India Oil & Gas 1.3 19.3 KOSPI (3.5) (2.6)
BSE India IT 4.3 22.0 Shanghai (3.3) (6.5)
MSCI Emerging Source: Kotak Institutional Equities; For 2024 and 2025, the market cap as on August 31,2024 is
Market Index 1.4 5.4
BSE SENSEX 0.8 11.8 taken and divided by GDP estimates for CY24 and CY25
NIFTY 50 1.1 13.0
NIFTY Midcap 100 0.5 23.3 Except for private banks, valuations for major sectors are higher than long-term averages
NIFTY Smallcap 0.9 26.4
as shown in the table below:
Source: Bloomberg; ^Returns in FY25 12 months forward Price To Earnings
31-Aug-24 LTA Discount / Premium^
FPIs bought equities worth USD 0.8 billion in August 2024 (July 2024: USD IT services 28.9 20.6 40.3
3.9 billion) and have cumulatively bought equity worth USD 3.8 billion in 5MFY25 PSU Banks@
1.4 1.1 26.7
(5MFY24: USD 19.7 billion). DIIs bought net equity worth USD 5.8 billion in August Pharma 31.5 24.0 31.7
2024 (July 2024: USD 2.8 billion) and have cumulatively bought USD 24 billion in Metals 12.2 10.0 21.2
5MFY25 (5MFY24: USD 3.1 billion). Oil and gas
15.8 12.3 29.0
Consumer staples 43.7 35.4 23.6
Mutual funds flows were steady at ~INR 52,000 crore in July 2024 (June 2024:
Consumer Discretionary 66.2 53.4 24.0
~INR 51,500 crores) and cumulatively amounted to ~INR 180,000 crore in 4MFY25
Auto 22.8 19.7 15.8
(4MFY24: ~INR 31,000 crore).
Private Banks@ 2.4 2.6 -7.4
In Q1FY25 results, earnings of PSU Banks, IT, Pharma, Chemicals and Capital goods Source: Kotak Institutional Equities. Stocks are part of Kotak Institutional Equities universe.
sector were better than expected while that of Private banks, NBFCs, Auto, Metals, LTA – 10 Years average. Cells in green are sectors which are trading at premium. All figures are
Oil & Gas, Consumer staples and durables were in line with expectations. Results of calculated based on 12 months forward estimates.
^to Long term (LT) average, @-Price to Book value.
Infrastructure, Chemicals and Real Estate sectors were lower than expected.
The rally over the past year and half has been broad and small cap and mid cap indices
have significantly outperformed. These trade at a noteworthy premium to their long-term
Outlook average valuation as well as large caps valuation. Given the aggregate valuation being
higher than historical average, the importance of stock selection increases even more.
As on August 31, 2024, NIFTY 50 was trading at ~20x FY26E price to earnings
Our medium to long term positive outlook on Indian equities remains unchanged driven
multiple. Further, Market cap-to-GDP stood ~133% (based on CY24 GDP estimates)
by the structurally robust domestic growth outlook, healthy corporate profitability, and
and the gap between 10Y G-sec yield and 1Y-Forward NIFTY 50 earnings yield* remains
supportive pro-growth policies. However, near-term risks include a significant global
at elevated level [*Earnings yield = 1/ (one year forward P/E)]. Thus, current valuation
growth slowdown, heightened geopolitical tensions, slowdown in government’s reforms
indicators are at a premium to their historical averages. However, this is partially due
momentum, etc.
to structurally attractive nominal GDP growth, a healthy corporate earnings outlook
and robust de-levered corporate and banking balance sheets.
August 2024 5
• Revision of India's sovereign rating outlook to positive (Rating unchanged at ‘BBB’)

Debt Market Update from stable by S&P enhances the possibility of rating upgrade for India in next couple
of years.
Gsec yields continued a broad-based decline with 10Y Gsec yield ending the month Key risks to the favourable outlook
at 6.86%, down 7 bps, after falling 8 bps in July 2024. The yields at the long end fell more
• Regular food price shocks keeping headline CPI at an elevated level
than the short end, resulting in flattening of the yield curve. This was driven by likelihood
of expectations of higher High Quality of Liquid asset (HQLA) by banks in view of RBI • Robust credit growth and elevated SLR holdings can keep the incremental demand
draft circular raising HQLA asset requirement. Further, FPI buying continued to remain for G-Secs from banks subdued.
strong. Apart from aforesaid, key factors and events which influenced the fixed income • Significant rise in commodity prices especially oil driven by escalation of geopolitical
markets, include fall in US yields and oil prices, benign domestic core CPI, status quo RBI tensions
policy, affirmation of India’s sovereign rating by Fitch at BBB-/Stable, etc. The 10-year Overall, in our view, yields are likely to trade with a downward bias and the long end of
corporate bond spreads over Gsec widened compared to last month. The table below the yield curve is likely to outperform over the medium term. Thus, as highlighted in
gives a summary view of the movement of key rates and liquidity: past, investors with a relatively longer investment horizon, could continue to increase
allocation to longer duration funds in line with individual risk appetite. Further, while
Jul-24 Aug- Change (in
yield curve has steepened slightly, in view of elevated short-term rates along with expec-
24 bps)
MIBOR Overnight Rate (%) 6.55 6.80 0.25 tations of rate cuts in H2FY25, one may also consider investment in short or medium
3M Gsec yield (%) 6.67 6.63 -0.04 duration categories of debt funds.
10Yr Benchmark G-Sec Yield^ (%) 6.93 6.86 -0.07
AAA 10Year Corporate Bond Yields#, & (%) 7.49 7.46 -0.03
AAA 10Y Corporate bond spread against 10Y 56 60 4 GLOSSARY
benchmark@ (bps) AE Advanced Economies
Average net liquidity absorbed/infused by RBI* 1,027 1,509 46.9% BoE Bank of England
(INR billion) BoJ Bank of Japan
NM – not meaningful. ^-bi-annual yield; #-annualised yield; & - Average yield of BoP Balance of Payment
8.62% NABARD bond maturing on 14-Mar-2034 provided by independent valuation bps Basis points
agencies has been taken. @ - Spreads calculated by subtracting non-annualised Gsec CAGR Compound Annual Growth Rate
yields from annualised corporate bond yields. CMIE Centre for Monitoring Indian Economy
*Average net daily liquidity infused / absorbed through Liquidity Adjustment CPI Consumer Price Index
CRR Cash Reserve Ratio
Facility, exports refinance, marginal standing facility and term repos/reverse repos.
CV Commercial Vehicle
Source: Bloomberg, RBI
DIIs Domestic Institutional Investors
EA Euro Area
Average interbank liquidity improved in August 2024 driven by pick up in government ECB European Central Bank
spending and decline in currency in circulation. FOMC Federal Open Market Committee
FPI Foreign Portfolio Investment
FPIs bought debt (including under voluntary retention route) worth USD 2.0 billion in GDP Gross Domestic Product
August 2024 (July 2024: USD 1.9 billion). FPIs have bought net debt worth USD 6.3 GST Goods and Services Tax
billion in 5MFY25 as against net buying of USD 2.7 billion during the same period GVA Gross Value Added
IMD India Meteorological Department
last year.
INR Indian Rupee
IMF International Monetary Fund
IMPS Immediate Payment System
Outlook JGB Japanese Government Bonds
LCV Light Commercial Vehicle
RBI delivered a status quo policy in August 2024 and minutes of the meeting were also
Mbpd Million Barrels Per Day
largely in line with expectations. MHCV Medium and Heavy Commercial Vehicle
Over the past couple of months, yields have moved lower and benchmark 10Y Gsec MIBOR Mumbai Interbank Offered Rate
yield is now trading below 6.9% (~15 bps lower than end-June 2024) partly reflecting M-o-M Month on Month
favourable SLR demand and supply situation and global risk off sentiments triggered MPC Monetary Policy Committee
MSP Minimum Support Prices
by weakening in US labour market.
NABARD National Bank for Agriculture and Rural Development
In our view, fixed income remains favourably placed over the medium term, considering: NBFC Non-banking Financial Company
• Global growth is increasingly showing signs of slowdown and AE central banks have NONG Non-Oil Non-Gold
begun to reduce policy rates and RBI is also expected to cut policy rates in H2FY25. NSO National Statistical Organization
OMO Open Market Operation
• Central government fiscal deficit is expected to consolidate to 4.9% of GDP (FY24: PIB Press Information Bureau
5.6%) in FY25 and target of bringing down it to less than 4.5% of GDP by FY26 PLI Production Linked Incentive
remains unchanged. This should keep market borrowings within manageable levels. PMI Purchasing Managers’ Index
PPI Producer Price Index
• Additional gain due to higher-than-expected RBI dividend and expectations that it
PSU Public Sector Undertaking
could remain at an elevated level in next year as well.
PV Passenger Vehicle
• Inclusion of India's sovereign securities in JP Morgan global bond indices bodes RBI Reserve Bank of India
well for demand outlook for G-Sec in FY25. Further, draft circular released by RBI RE Revised Estimates
on Liquidity Coverage Ratio (LCR) which, if implemented, could increase the SLR RRR Reserve Ratio Requirement (for banks in China)
demand by banks. SLR Statutory Liquidity Ratio
UPI Unified Payments Interface
• Core CPI momentum remains subdued on back of lower input price pressure. US United States of America
• External sector remains comfortable in view of steady growth in services exports, USD United States dollar
fall in oil prices and adequate foreign exchange reserves. UST US Treasuries
YoY Year on Year
6 August 2024
CONTENTS
PAGE NO. PAGE NO.
WEALTH CREATION RETIREMENT PLANNING
HDFC Flexi Cap Fund......................................................................... 8-9 HDFC Retirement Savings Fund - Equity Plan....................................... 64-65
HDFC Multi Cap Fund........................................................................ 10-12 HDFC Retirement Savings Fund - Hybrid Equity Plan............................ 66-67
HDFC Top 100 Fund........................................................................... 13-14 HDFC Retirement Savings Fund - Hybrid Debt Plan.............................. 68-69
HDFC Mid-Cap Opportunities Fund..................................................... 15-16 INCOME SOLUTIONS
HDFC Small Cap Fund........................................................................ 17-18 HDFC Overnight Fund........................................................................ 70
HDFC Large and Mid Cap Fund .......................................................... 19-21 HDFC Liquid Fund.............................................................................. 71-72
HDFC Capital Builder Value Fund........................................................ 22-23 HDFC Ultra Short Term Fund.............................................................. 73-74
HDFC Dividend Yield Fund................................................................. 24-25 HDFC Low Duration Fund................................................................... 75-76
HDFC Focused 30 Fund...................................................................... 26-27 HDFC Money Market Fund................................................................. 77-78
HDFC Business Cycle Fund.................................................................. 28-29 HDFC Short Term Debt Fund.............................................................. 79-80
HDFC Transportation and Logistics Fund............................................. 30 HDFC Medium Term Debt Fund.......................................................... 81-82
HDFC Defence Fund.......................................................................... 31 HDFC Income Fund........................................................................... 83-84
HDFC Banking & Financial Services Fund............................................ 32-33 HDFC Long Duration Debt Fund......................................................... 85
HDFC Technology Fund...................................................................... 34 HDFC Arbitrage Fund......................................................................... 86-88
HDFC Pharma and Healthcare Fund................................................... 35-36 HDFC Floating Rate Debt Fund........................................................... 89-90
HDFC Housing Opportunities Fund..................................................... 37-38 HDFC Corporate Bond Fund............................................................... 91-92
HDFC Infrastructure Fund.................................................................. 39-40 HDFC Banking and PSU Debt Fund..................................................... 93-94
HDFC MNC Fund............................................................................... 41 HDFC Credit Risk Debt Fund............................................................... 95-96
HDFC Non-Cyclical Consumer Fund..................................................... 42 HDFC Dynamic Debt Fund.................................................................. 97-98
HDFC Manufacturing Fund................................................................ 43-44 HDFC Gilt Fund................................................................................. 99-100
HDFC Balanced Advantage Fund........................................................ 45-48
HDFC Hybrid Equity Fund................................................................... 49-50 Fund Details Annexure ..................................................................... 101-103
HDFC Multi-Asset Fund...................................................................... 51-52 Segment-Wise Break-up Of Equity Holding ......................................... 103
HDFC Asset Allocator Fund of Funds................................................... 53-54 Performance details of schemes
managed by respective fund managers ............................................. 104
HDFC Dynamic PE Ratio Fund of Funds............................................... 55 Scheme performance summary - Regular Plans ................................. 105-108
HDFC Equity Savings Fund................................................................. 56-57 Scheme performance summary - Direct Plans .................................... 109-115
HDFC Hybrid Debt Fund..................................................................... 58-59 IDCW History ................................................................................... 116-117
TAX SAVINGS Benchmark and Scheme riskometers ................................................. 118-124
HDFC ELSS Tax saver.......................................................................... 60-61 Disclaimer ....................................................................................... 125
CHILDREN'S FUTURE
HDFC Children’s Gift Fund ................................................................. 62-63
GOAL BASED SOLUTIONS

WEALTH CREATION These schemes aim to increase wealth over the long term by investing predominantly in equity instruments and are suitable for investors
with high risk appetite and relatively higher investment horizon.
TAX SAVINGS This scheme is eligible to provide tax deduction under Section 80C and also aims to increase wealth over the long term. This is an ideal
solution for investors who would like to create wealth and save tax.
CHILDREN'S FUTURE This scheme aims to help you achieve your specific financial goal of planning for child’s future expenses like higher education, etc.
RETIREMENT PLANNING These schemes aim to help you achieve your specific financial goal of retirement planning.
INCOME SOLUTIONS These schemes aim to provide stable income and are ideal for investors with low to medium risk appetite who wish to receive regular
income to meet their periodic expenses.
Disclaimer: Investors are requested to note that the above goal based solutions should not be construed as financial planning solution/recommendation by the Fund/
AMC. It does not in any manner, indicate or imply either the quality of any particular Scheme or guarantee any specific performance/returns. Such solutions must be
tailored to investor’s individual situation and objectives and therefore, investors should consult their financial advisors to ascertain whether a product is suitable for them.
August 2024 7
HDFC Flexi Cap Fund CATEGORY OF SCHEME
(An open ended dynamic equity scheme investing across large cap, mid cap & small cap stocks.) FLEXI CAP FUND
(This is a simple and performing scheme which is eligible for distribution by new cadre of distributors)
INVESTMENT OBJECTIVE : To generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments. There is no assurance
that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
PORTFOLIO
Roshi Jain
(since July 29, 2022) Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
Total Experience: Over 19 years (Hedged & (Hedged &
Unhedged) Unhedged)
EQUITY & EQUITY RELATED Tata Steel Ltd. Ferrous Metals 0.14
DATE OF ALLOTMENT / INCEPTION DATE • ICICI Bank Ltd. Banks 9.30 Delhivery Limited Transport Services 0.12
January 1, 1995 • HDFC Bank Ltd.£ Banks 9.16 Devyani International Ltd Leisure Services 0.11
• Axis Bank Ltd. Banks 8.34 Ramco Systems Ltd. IT - Software 0.10
• Cipla Ltd. Pharmaceuticals & Sub Total 86.51
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Biotechnology 5.01 DEBT & DEBT RELATED
Regular Plan - Growth Option 1894.811 • HCL Technologies Ltd. IT - Software 4.93 Government Securities (Central/State)
Regular Plan - IDCW Option 82.689 • SBI Life Insurance Company 7.38 GOI 2027 Sovereign 0.46
Direct Plan - Growth Option 2059.756 Ltd. Insurance 4.67
Direct Plan - IDCW Option 97.422 7.32 GOI 2030 Sovereign 0.18
• Bharti Airtel Ltd. Telecom - Services 4.63
Sub Total 0.64
• Kotak Mahindra Bank Limited Banks 4.21
ASSETS UNDER MANAGEMENT J UNITS ISSUED BY REIT & INVIT
As on August 31, 2024 • Maruti Suzuki India Limited Automobiles 3.32
Nexus Select Trust REIT Realty 2.11
` 63,436.49 Cr. • Infosys Limited IT - Software 2.76
Embassy Office Parks REIT Realty 1.66
Average for Month of August 2024 State Bank of India Banks 2.44
Sub Total 3.77
` 61,517.92 Cr. Apollo Hospitals Enterprise
Ltd.
Healthcare
Services 2.43 Cash,Cash Equivalents and Net Current Assets 9.08
QUANTITATIVE DATA PIRAMAL PHARMA LTD Pharmaceuticals & Grand Total 100.00
Portfolio Turnover Biotechnology 2.12 • Top Ten Holdings, £ Sponsor
Equity Turnover 40.69% Eicher Motors Ltd. Automobiles 1.95
Total Turnover 44.21%
Prestige Estates Projects Ltd. Realty 1.60 Outstanding exposure in
Total Turnover = Equity + Debt + Derivative derivative instruments (` in Crore) 26.72
Bosch Limited Auto Components 1.53
Risk Ratio
Tech Mahindra Ltd. IT - Software 1.44 Hedged position in Equity & Equity related instruments
n Standard Deviation 12.404%
n Beta 0.900 Hindustan Aeronautics Limited Aerospace &
n Sharpe Ratio* Defense 1.38 Outstanding derivative exposure (% age) 0.04
1.454
Computed for the 3-yr period ended August 31, Dr Reddys Laboratories Ltd. Pharmaceuticals &
2024. Based on month-end NAV. Biotechnology 1.33 Face Value per Unit: ` 10, + Industry Classification as
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Power Grid Corporation of
For schemes which have not completed 3 years, recommended by AMFI, Data is as of August 31, 2024 unless
data is computed since inception. India Ltd. Power 1.33
otherwise specified.
United Spirits Limited Beverages 1.13
TOTAL EXPENSE RATIO (As on August 31, 2024) Mahindra & Mahindra Ltd. Automobiles 1.11 ¥ Dedicated Fund Manager for Overseas Investments:
Including Additional Expenses and Goods and Service SAPPHIRE FOODS INDIA Mr. Dhruv Muchhal (since June 22, 2023)
Tax on Management Fees LIMITED Leisure Services 1.03 (Total Experience: Over 10 years).
Crompton Greaves Consumer Consumer
Regular: 1.44%Direct: 0.76% Elec. Ltd. Durables 1.02 J Includes investments made by the schemes of HDFC Mutual
Fund aggregating to ` 578.46 Crores.
Dr. Lal Path Labs Ltd Healthcare
#BENCHMARK INDEX: Services 0.89 Please refer Minimum Application Amount, Plans & Options, on
NIFTY 500 (Total Returns Index) Larsen and Toubro Ltd. Construction 0.82 Page no. 101 to 103.
##ADDL. BENCHMARK INDEX: Kalpataru Projects $$For further details, please refer to para ‘Exit Load’ on page
NIFTY 50 (Total Returns Index) International Ltd Construction 0.76 no. 104.
Lupin Ltd. Pharmaceuticals &
EXIT LOAD$$ : Biotechnology 0.60
• In respect of each purchase / switch-in of Units, an
Exit Load of 1.00% is payable if Units are redeemed / Metropolis Healthcare Ltd. Healthcare
switched-out within 1 year from the date of allotment. Services 0.55
• No Exit Load is payable if Units are redeemed / CIE Automotive India Ltd Auto Components 0.50
switched-out after 1 year from the date of allotment.
ESCORTS LTD. Agricultural,
Commercial &
Construction
NET EQUITY EXPOSURE: Vehicles 0.49
86.46% Restaurant Brands Asia
Limited Leisure Services 0.49
Cyient Ltd. IT - Services 0.47
Birlasoft Limited IT - Software 0.42
ITC Ltd. Diversified Fmcg 0.38
Varroc Engineering Limited Auto Components 0.31
Zee Entertainment Enterprises
Ltd. Entertainment 0.31
Bank of Baroda Banks 0.28
Reliance Industries Ltd. Petroleum
Products 0.24
Whirlpool of India Ltd. Consumer
Durables 0.22
Coforge Limited IT - Software 0.14
8 August 2024
HDFC Flexi Cap Fund CATEGORY OF SCHEME
FLEXI CAP FUND
(An open ended dynamic equity scheme investing across large cap,
mid cap & small cap stocks.)
Industry Allocation of Equity Holding SIP PERFORMANCE ^ - Regular Plan - Growth Option
(% of Net Assets) Since Inception 15 year 10 year 5 year 3 year 1 year
SIP SIP SIP SIP SIP SIP
Banks 33.73 Total Amount Invested (` in Lacs) 35.60 18.00 12.00 6.00 3.60 1.20
IT - Software 9.79
Mkt Value As on August 30, 2024 (` in Lacs) 2,076.96 76.90 34.35 12.80 5.73 1.48
Pharmaceuticals & Biotechnology 9.06
Returns (%) 21.68 17.53 19.96 30.89 32.70 45.83
Automobiles 6.38
Benchmark Returns (%) # 15.88 16.12 18.19 25.72 27.23 42.69
Insurance 4.67
Telecom - Services 4.63
Additional Benchmark Returns (%) ## 14.47 14.68 16.34 21.52 21.70 34.34
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Healthcare Services 3.87 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
Auto Components 2.34 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Leisure Services 1.63
Realty 1.60 PERFORMANCE ^ - Regular Plan - Growth Option
Construction 1.58 Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark Scheme (`) Benchmark Additional
Aerospace & Defense 1.38 Date Period (%) (%)# Returns
(%) ## (`)# Benchmark
Power 1.33 (`)##
Consumer Durables 1.24 Aug 31, 23 Last 1 Year 44.60 41.58 32.64 14,460 14,158 13,264
Beverages 1.13
Aug 31, 21 Last 3 Years 26.94 18.95 15.17 20,457 16,829 15,274
Agricultural, Commercial & Construction Vehicles 0.49
Aug 30, 19 Last 5 Years 24.92 22.70 19.37 30,456 27,845 24,262
IT - Services 0.47
Aug 28, 14 Last 10 Years 15.76 15.32 13.59 43,307 41,684 35,825
Diversified Fmcg 0.38
Entertainment 0.31
Jan 01, 95 Since Inception 19.33 12.98 12.14 1,894,811 374,499 299,539
Petroleum Products 0.24 Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Roshi Jain, please
refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the
Ferrous Metals 0.14 Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. As NIFTY 50 TRI data is not available
Transport Services 0.12 since inception of the scheme, additional benchmark performance is calculated using composite CAGR of NIFTY 50 PRI values from January 1,
1995 to June 29, 1999 and TRI values since June 30, 1999. For Performance of Direct Plan, refer page 109 to 115.
0 5 10 15 20 25 30 35 40
^Past performance may or may not be sustained in future and is not a guarantee of any future returns.
Load is not taken into consideration for computation of performance.
Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

Benchmark (This product is suitable for investors (Current risk as per latest month
who are seeking ~) end portfolio)
HDFC Flexi • To generate long-term capital Modera

oderate High tely
Cap Fund appreciation / income o M rate Moderately
w t erate Hi Mode High
• Investment predominantly o
w t erate Hi
Mo Lo
gh
d
in equity & equity related
Mo Lo
gh
BENCHMARK
d
Very
instruments
High
Low
: NIFTY 500
Very
High
Low
(Total Returns RISKOMETER
Index) Investors understand that their principal will be at RISKOMETER
very high risk Investors understand that their principal will be at
very high risk
~ Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
Scheme and Benchmark Riskometer As on August 31, 2024
August 2024 9
HDFC Multi Cap Fund CATEGORY OF SCHEME
MULTI CAP FUND
(An open ended equity scheme investing across large cap, mid cap &
small cap stocks)
INVESTMENT OBJECTIVE : To generate long term capital appreciation by investing in equity and equity related securities of large cap, mid cap and small cap companies.
There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER¥
PORTFOLIO
Gopal Agrawal
(since December 10, 2021)
Total Experience: Over 21 years
Company Industry+ % to Company Industry+ % to
NAV NAV
DATE OF ALLOTMENT / INCEPTION DATE EQUITY & EQUITY RELATED Persistent Systems Limited IT - Software 0.65
December 10, 2021 • HDFC Bank Ltd.£ Banks 3.58 The Federal Bank Ltd. Banks 0.60
• ICICI Bank Ltd. Banks 3.11 Five-Star Business Finance
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`)
• Infosys Limited IT - Software 2.39 Limited Finance 0.59
Regular Plan - Growth Option 19.677
Regular Plan - IDCW Option 18.646 • Axis Bank Ltd. Banks 2.04 Hindustan Aeronautics Limited Aerospace & Defense 0.59
Direct Plan - Growth Option 20.399 Max Financial Services Ltd. Insurance 0.59
Direct Plan - IDCW Option 19.451 • Reliance Industries Ltd. Petroleum Products 1.81
• HCL Technologies Ltd. IT - Software 1.54 Supreme Industries Ltd. Industrial Products 0.59
ASSETS UNDER MANAGEMENT Apollo Tyres Ltd. Auto Components 0.58
As on August 31, 2024 • Indusind Bank Ltd. Banks 1.26
` 17,185.76 Cr. • Aurobindo Pharma Ltd. Pharmaceuticals & Bharat Forge Ltd. Auto Components 0.58
Average for Month of August 2024 Biotechnology 1.20 Carborundum Universal Ltd. Industrial Products 0.57
` 16,581.66 Cr. • Tata Consultancy Services Ltd. IT - Software 1.18 Gland Pharma Ltd. Pharmaceuticals &
QUANTITATIVE DATA • Bharti Airtel Ltd. Telecom - Services 1.16 Biotechnology 0.57
Portfolio Turnover SBI Life Insurance Company Ltd. Insurance 1.12 Cipla Ltd. Pharmaceuticals &
Equity Turnover 6.52% Biotechnology 0.55
Total Turnover 6.52% Sun Pharmaceutical Industries Pharmaceuticals &
Ltd. Biotechnology 1.07 Eris Lifesciences Ltd Pharmaceuticals &
Total Turnover = Equity + Debt + Derivative Biotechnology 0.55
Risk Ratio Coforge Limited IT - Software 1.05
n Standard Deviation 13.427% Symphony Ltd. Consumer Durables 0.55
n Beta 0.986 Prestige Estates Projects Ltd. Realty 1.05
n Sharpe Ratio*
LTIMindtree Limited IT - Software 0.54
1.443 Tata Motors Ltd. Automobiles 1.03
Computed for the 3-yr period ended August 31, Gulf Oil Lubricants India Ltd. Petroleum Products 0.52
2024. Based on month-end NAV. Bajaj Finance Ltd. Finance 1.02
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) PB FINTECH LIMITED (Policy Financial Technology
For schemes which have not completed 3 years, Hindustan Petroleum Corp. Ltd. Petroleum Products 1.02 Bazaar) (Fintech) 0.52
data is computed since inception. Larsen and Toubro Ltd. Construction 1.00 Bank of Baroda Banks 0.51
TOTAL EXPENSE RATIO (As on August 31, 2024) Max Healthcare Institute Centum Electronics Ltd. Industrial
Including Additional Expenses and Goods and Service Limited Healthcare Services 1.00 Manufacturing 0.50
Tax on Management Fees Kotak Mahindra Bank Limited Banks 0.98 Great Eastern Shipping
Regular: 1.66%Direct: 0.55% JSW Infrastructure Limited Transport Infrastructure 0.96 Company Ltd. Transport Services 0.50
#BENCHMARK INDEX: Vesuvius India Ltd. Industrial Products 0.96 Mahindra & Mahindra
NIFTY500 MultiCap 50:25:25 (Total Financial Services Ltd. Finance 0.50
Returns Index) Kalpataru Projects International Bharat Electronics Ltd. Aerospace & Defense 0.49
Ltd Construction 0.95
##ADDL. BENCHMARK INDEX: Apollo Hospitals Enterprise Ltd. Healthcare Services 0.48
NIFTY 50 (Total Returns Index) CIE Automotive India Ltd Auto Components 0.93
Apar Industries Limited Electrical Equipment 0.91 Crompton Greaves Consumer
EXIT LOAD$$ : Elec. Ltd. Consumer Durables 0.48
• In respect of each purchase / switch-in of Units, an Ola Electric Mobility Limited Automobiles 0.90 Sonata Software Ltd. IT - Software 0.48
Exit Load of 1.00% is payable if Units are redeemed /
switched-out within 1 year from the date of allotment. State Bank of India Banks 0.90 Bharat Dynamics Limited Aerospace & Defense 0.47
• No Exit Load is payable if Units are redeemed /
switched-out after 1 year from the date of allotment. ITC Ltd. Diversified Fmcg 0.88 Wheels India Ltd. Auto Components 0.47
ESCORTS LTD. Agricultural, Archean Chemical Industries Chemicals &
Commercial & Limited Petrochemicals 0.46
Industry Allocation of Equity Holding Construction Vehicles 0.87
MphasiS Limited. IT - Software 0.87 Motilal Oswal Financial
(% of Net Assets) Services Ltd. Capital Markets 0.46
Banks 14.44 Techno Electric & Engin. Whirlpool of India Ltd. Consumer Durables 0.45
IT - Software 9.21 Co. Ltd. Construction 0.87
Finance 8.27 TD Power Systems Ltd. Electrical Equipment 0.44
Pharmaceuticals & Biotechnology 5.52 Indian Hotels Company Ltd. Leisure Services 0.83
Consumer Durables 5.13 Timken India Ltd. Industrial Products 0.44
Auto Components 5.09 Trent Ltd. Retailing 0.83
Construction 3.72 Elecon Engineering Comapny Industrial
Automobiles 3.61 Maruti Suzuki India Limited Automobiles 0.82 Ltd. Manufacturing 0.43
Petroleum Products 3.56
Leisure Services 2.90 Power Finance Corporation Ltd. Finance 0.81 Cholamandalam Investment &
Industrial Products 2.73
Cement & Cement Products 2.30 Coal India Ltd. Consumable Fuels 0.80 Finance Co. Ltd. Finance 0.42
Chemicals & Petrochemicals 2.25
Telecom - Services 2.24 Ambuja Cements Ltd. Cement & Cement CESC Ltd. Power 0.41
Healthcare Services 2.03 Products 0.79 Aster DM Healthcare Limited Healthcare Services 0.40
Electrical Equipment 1.87
Insurance 1.71 Voltas Ltd. Consumer Durables 0.79 Jindal Steel & Power Ltd. Ferrous Metals 0.40
Power 1.70
Aerospace & Defense 1.68 NTPC Limited Power 0.76 Hindustan Unilever Ltd. Diversified Fmcg 0.39
Retailing 1.51
Industrial Manufacturing 1.46 Chalet Hotels Ltd. Leisure Services 0.73 KEC International Ltd. Construction 0.39
Capital Markets 1.20 Shriram Finance Ltd. Finance 0.73 Torrent Power Ltd. Power 0.39
Beverages 1.11 REC Limited. Finance 0.72 Indian Renewable Energy
Realty 1.05
Transport Infrastructure 0.96 Tata Communications Limited Telecom - Services 0.72 Development Agency Limited Finance 0.38
Transport Services 0.94
Consumable Fuels 0.80 Dixon Technologies (India) Ltd. Consumer Durables 0.69 Ipca Laboratories Ltd. Pharmaceuticals &
Ferrous Metals 0.78 Biotechnology 0.38
Personal Products 0.75 United Spirits Limited Beverages 0.68
Gas 0.67 Tata Steel Ltd. Ferrous Metals 0.38
Oil 0.65 Mahindra & Mahindra Ltd. Automobiles 0.66
Financial Technology (Fintech) 0.52 Gabriel India Ltd. Auto Components 0.37
Fertilizers & Agrochemicals 0.50 UltraTech Cement Limited Cement & Cement
Non - Ferrous Metals 0.33
Textiles & Apparels 0.28
Products 0.66 Indraprastha Gas Ltd. Gas 0.37
Entertainment 0.23
Food Products 0.21
Oil & Natural Gas Corporation PNB Housing Finance Ltd. Finance 0.37
Media 0.18 Ltd. Oil 0.65
IT - Services 0.17
Agricultural Food & Other Products 0.13
0 5 10 15 20
10 August 2024
MULTI CAP FUND
small cap stocks)
PORTFOLIO
Company Industry+ % to Company Industry+ % to Company Industry+ % to

NAV NAV NAV
Delta Corp Ltd. Leisure Services 0.36 Zensar Technologies Ltd. IT - Software 0.22 Sagar Cements Ltd. Cement & Cement
EIH Ltd. Leisure Services 0.36 Bajaj Electricals Ltd. Consumer Durables 0.21 Products 0.12
VODAFONE IDEA LIMITED Telecom - Services 0.36 Blue Star Ltd. Consumer Durables 0.21 Suprajit Engineering Ltd. Auto Components 0.12
Balkrishna Industries Ltd. Auto Components 0.35 Delhivery Limited Transport Services 0.21 Vardhman Textiles Ltd. Textiles & Apparels 0.12
Le Travenues Technology Gandhar Oil Refinery (India) Devyani International Ltd Leisure Services 0.11
Limited Leisure Services 0.35 Limited Petroleum Products 0.21 Chemplast Sanmar Limited Chemicals &
Prudent Corporate Advisory Indian Bank Banks 0.21 Petrochemicals 0.10
Services Limited Capital Markets 0.35 Voltamp Transformers Ltd. Electrical Equipment 0.21 JSW Energy Ltd. Power 0.10
RBL Bank Ltd. Banks 0.35 AkzoNobel India Ltd. Consumer Durables 0.20 Sundram Fasteners Ltd. Auto Components 0.10
Dr Reddys Laboratories Ltd. Pharmaceuticals & Eicher Motors Ltd. Automobiles 0.20 Avanti Feeds Ltd. Food Products 0.09
Biotechnology 0.34 CanFin Homes Ltd. Finance 0.09
Godrej Consumer Products Ltd. Personal Products 0.34 Kajaria Ceramics Ltd. Consumer Durables 0.20
MM Forgings Ltd. Auto Components 0.20 GO FASHION (INDIA) LIMITED Retailing 0.09
UPL Ltd. Fertilizers & Motherson Sumi Wiring India
Agrochemicals 0.34 Navin Fluorine International Chemicals & Limited Auto Components 0.09
Aditya Birla Capital ltd. Finance 0.33 Ltd. Petrochemicals 0.20
Orient Cement Ltd. Cement & Cement TCI Express Ltd. Transport Services 0.09
Atul Ltd. Chemicals & Products 0.20 SBI CARDS AND PAYMENT
Petrochemicals 0.33 SERVICES LIMITED Finance 0.08
Birla Corporation Ltd. Cement & Cement The Ramco Cements Ltd. Cement & Cement
Products 0.33 Products 0.20 Aditya Birla Fashion and
Aarti Industries Ltd. Chemicals & Retail Ltd. Retailing 0.07
CREDITACCESS GRAMEEN Petrochemicals 0.19 Cello World Limited Consumer Durables 0.07
LIMITED Finance 0.33
FUSION MICRO FINANCE Hindustan Construction Zydus Lifesciences Limited Pharmaceuticals &
LIMITED Finance 0.33 Company Ltd. Construction 0.19 Biotechnology 0.07
Hindalco Industries Ltd. Non - Ferrous Metals 0.33 SULA VINEYARDS LIMITED Beverages 0.19 Alembic Pharmaceuticals Pharmaceuticals &
Jagran Prakashan Ltd. Media 0.18 Limited Biotechnology 0.06
Bosch Limited Auto Components 0.32 SRF Ltd. Chemicals &
Dilip Buildcon Ltd. Construction 0.32 SHARDA MOTOR INDUSTRIES Petrochemicals 0.06
LIMITED Auto Components 0.18
L&T Finance Ltd. Finance 0.32 Aarti Pharmalabs Limited Pharmaceuticals & Bajel Projects Limited Power 0.04
Muthoot Finance Ltd. Finance 0.31 Biotechnology 0.17 Craftsman Automation Ltd Auto Components 0.04
Ashok Leyland Ltd Agricultural, Angel One Ltd. Capital Markets 0.17 VIP Industries Ltd. Consumer Durables 0.03
Commercial & Bajaj Consumer Care Ltd. Personal Products 0.17 Tube Investments of India Ltd. Auto Components 0.02
Construction Vehicles 0.30
CG Power and Industrial Deepak Nitrite Limited Chemicals & Rishabh instruments Limited Electrical Equipment 0.01
Solutions Ltd. Electrical Equipment 0.30 Petrochemicals 0.17 Torrent Pharmaceuticals Ltd. Pharmaceuticals &
Havells India Ltd. Consumer Durables 0.30 Graphite India Ltd. Industrial Products 0.17 Biotechnology 0.01
KAYNES TECHNOLOGY INDIA Industrial L&T Technology Services Ltd. IT - Services 0.17 Sub Total 96.83
LIMITED Manufacturing 0.30 LIC Housing Finance Ltd. Finance 0.16 UNITS ISSUED BY REIT & INVIT
Mahanagar Gas Ltd. Gas 0.30 Nilkamal Ltd. Consumer Durables 0.16 Embassy Office Parks REIT Realty 0.50
METRO BRANDS LIMITED Consumer Durables 0.30 Page Industries Ltd Textiles & Apparels 0.16 Sub Total 0.50
Tech Mahindra Ltd. IT - Software 0.29 Rallis India Ltd. Fertilizers & Cash,Cash Equivalents and Net Current Assets 2.67
Aavas Financiers Ltd. (Formerly Agrochemicals 0.16 Grand Total 100.00
known as Au Housing Finance Restaurant Brands Asia Limited Leisure Services 0.16
Ltd.) Finance 0.28 • Top Ten Holdings, £ Sponsor
Sona Blw Precision Forgings Auto Components 0.16
Samvardhana Motherson Face Value per Unit: ` 10, + Industry Classification as
International Ltd. Auto Components 0.28 Varroc Engineering Limited Auto Components 0.16
Ajanta Pharma Limited Pharmaceuticals & recommended by AMFI, Data is as of August 31, 2024 unless
Bandhan Bank Ltd. Banks 0.27 otherwise specified.
Biotechnology 0.15
Shoppers Stop Ltd. Retailing 0.27
Syngene International Limited Healthcare Services 0.15 ¥ Dedicated Fund Manager for Overseas Investments:
Aadhar Housing Finance
Limited Finance 0.26 Gateway Distriparks Limited Transport Services 0.14 Mr. Dhruv Muchhal (since June 22, 2023)
Goodyear India Ltd. Auto Components 0.14 (Total Experience: Over 10 years).
Greenply Industries Ltd. Consumer Durables 0.26
Indoco Remedies Ltd. Pharmaceuticals & Please refer Minimum Application Amount, Plans & Options,
Jubilant Ingrevia Limited Chemicals & on Page no. 101 to 103.
Petrochemicals 0.26 Biotechnology 0.14
Advanced Enzyme Technologies Pharmaceuticals & $$For further details, please refer to para ‘Exit Load’ on page
Au Small Finance Bank Ltd. Banks 0.25 no. 104.
Ltd. Biotechnology 0.13
Zomato Ltd Retailing 0.25
Alkem Laboratories Ltd. Pharmaceuticals &
Dabur India Ltd. Personal Products 0.24 Biotechnology 0.13
GUJARAT FLUOROCHEMICALS Chemicals & Balrampur Chini Mills Ltd. Agricultural Food &
LIMITED Petrochemicals 0.24 Other Products 0.13
Pidilite Industries Ltd. Chemicals & Bank of India Banks 0.13
Petrochemicals 0.24
Data Patterns (India) Limited Aerospace & Defense 0.13
United Breweries Ltd. Beverages 0.24
IDFC First Bank Limited Banks 0.13
Asian Paints Limited Consumer Durables 0.23
BIKAJI FOODS INTERNATIONAL
TEGA INDUSTRIES LIMITED Industrial LIMITED Food Products 0.12
Manufacturing 0.23
Equitas Small Finance Bank Ltd Banks 0.12
Ltd. Entertainment 0.23 IIFL Finance Limited Finance 0.12
360 ONE WAM LIMITED Capital Markets 0.22 Jio Financial Services Limited Finance 0.12
August 2024 11
MULTI CAP FUND
small cap stocks)
SIP PERFORMANCE ^ - Regular Plan - Growth Option

Since Inception 1 year
SIP SIP
Total Amount Invested (` in Lacs) 3.30 1.20
Mkt Value As on August 30, 2024 (` in Lacs) 5.38 1.49
Returns (%) 38.14 48.33
Benchmark Returns (%) # 33.22 45.86
Additional Benchmark Returns (%) ## 23.16 34.34
accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
PERFORMANCE ^ - Regular Plan - Growth Option

Scheme Benchmark Additional Value of ` 10,000 invested
Date Period (%) (%)# Returns
(`)##
Aug 31, 23 Last 1 Year 45.08 44.95 32.64 14,508 14,495 13,264
Dec 10, 21 Since Inception 28.22 21.71 15.80 19,677 17,073 14,909
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Gopal Agrawal, please
Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
refer page 109 to 115.
^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into consideration
for computation of performance.

HDFC Multi • To generate long-term capital Modera

oderate High tely
Cap Fund appreciation/ income o M rate Moderately
• Investment in equity and equity o
w t erate Hi
Mo Lo
gh
d
related securities of large cap, mid

Mo Lo
gh
BENCHMARK
d
Very
cap and small cap companies

High
Low
: NIFTY500
Very
High
Low
MultiCap RISKOMETER
50:25:25 (Total Investors understand that their principal will be at RISKOMETER
Returns Index) very high risk Investors understand that their principal will be at
very high risk
12 August 2024
HDFC Top 100 Fund CATEGORY OF SCHEME
LARGE-CAP FUND
(An open ended equity scheme predominantly investing in large cap stocks)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation/income by investing predominantly in Large-Cap companies. There is no assurance that the investment
objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Rahul Baijal Company Industry+ % to Company Industry+ % to
(since July 29, 2022) NAV NAV
Total Experience: Over 23 years EQUITY & EQUITY RELATED MANKIND PHARMA LIMITED Pharmaceuticals &
• ICICI Bank Ltd. Banks 9.77 Biotechnology 0.69
• HDFC Bank Ltd.£ Banks 8.72 Power Finance Corporation Ltd. Finance 0.69
DATE OF ALLOTMENT / INCEPTION DATE Maruti Suzuki India Limited Automobiles 0.60
• NTPC Limited Power 6.02
October 11, 1996 • Larsen and Toubro Ltd. Construction 5.71 Eicher Motors Ltd. Automobiles 0.59
• Bharti Airtel Ltd. Telecom - Services 5.01 DLF LIMITED Realty 0.55
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Infosys Limited IT - Software 4.98 United Spirits Limited Beverages 0.47
• Reliance Industries Ltd. Petroleum Products 4.56 SBI Life Insurance Company Ltd. Insurance 0.45
Regular Plan - IDCW Option 65.691 • ITC Ltd. Diversified Fmcg 4.21 Hindustan Aeronautics Limited Aerospace &
Direct Plan - Growth Option 1264.332 Defense 0.32
• Coal India Ltd. Consumable Fuels 3.83
Direct Plan - IDCW Option 75.837 Ambuja Cements Ltd. Cement & Cement
• Axis Bank Ltd. Banks 3.64 Products 0.31
Kotak Mahindra Bank Limited Banks 3.17 Apollo Hospitals Enterprise Ltd. Healthcare Services 0.25
ASSETS UNDER MANAGEMENT ϑ Tata Motors Ltd. Automobiles 3.06
As on August 31, 2024 Jio Financial Services Limited Finance 0.25
Sun Pharmaceutical Industries Ltd. Pharmaceuticals &
` 37,783.08 Cr. Biotechnology 2.81
Cummins India Ltd. Industrial Products 0.23
Average for Month of August 2024 Sub Total 96.96
Tata Consultancy Services Ltd. IT - Software 2.78
` 36,822.03 Cr. Indusind Bank Ltd. Banks 2.33
Cash,Cash Equivalents and Net Current Assets 3.04
Grand Total 100.00
QUANTITATIVE DATA Lupin Ltd. Pharmaceuticals &
Portfolio Turnover Biotechnology 2.00 • Top Ten Holdings, £ Sponsor
Equity Turnover 15.50% Titan Company Ltd. Consumer Durables 1.83
Total Turnover = Equity + Debt + Derivative Tata Consumer Products Limited Agricultural Food & Face Value per Unit: ` 10, + Industry Classification as
Risk Ratio Other Products 1.54 recommended by AMFI, Data is as of August 31, 2024 unless
n Standard Deviation 12.180% Cholamandalam Investment & otherwise specified.
n Beta 0.927
n Sharpe Ratio*
Finance Co. Ltd. Finance 1.45
1.086 ¥ Dedicated Fund Manager for Overseas Investments:
Computed for the 3-yr period ended August 31, State Bank of India Banks 1.45
2024. Based on month-end NAV. Zomato Ltd Retailing 1.35 Mr. Dhruv Muchhal (since June 22, 2023)
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) (Total Experience: Over 10 years).
For schemes which have not completed 3 years, Dabur India Ltd. Personal Products 1.16
data is computed since inception. Hindustan Unilever Ltd. Diversified Fmcg 1.09 J Includes investments made by the schemes of HDFC Mutual Fund
Hindalco Industries Ltd. Non - Ferrous Metals 1.07 aggregating to ` 559.94 Crores.
TOTAL EXPENSE RATIO (As on August 31, 2024) Cipla Ltd. Pharmaceuticals & Please refer Minimum Application Amount, Plans & Options, on
Including Additional Expenses and Goods and Service Biotechnology 0.99 Page no. 101 to 103.
Tax on Management Fees UltraTech Cement Limited Cement & Cement $$For further details, please refer to para ‘Exit Load’ on page
Regular: 1.60%Direct: 1.00% Products 0.97 no. 104.
SRF Ltd. Chemicals &
#BENCHMARK INDEX: Petrochemicals 0.94
NIFTY 100 (Total Returns Index) HCL Technologies Ltd. IT - Software 0.92
##ADDL. BENCHMARK INDEX: Oil & Natural Gas Corporation Ltd. Oil 0.92
BSE SENSEX (Total Returns Index) Havells India Ltd. Consumer Durables 0.91
Bajaj Auto Limited Automobiles 0.86
EXIT LOAD$$ : Mahindra & Mahindra Ltd. Automobiles 0.81
• In respect of each purchase / switch-in of Units, an Siemens Ltd. Electrical Equipment 0.70
switched-out within 1 year from the date of allotment.
Since Inception 15 year 10 year 5 year 3 year 1 year
Total Amount Invested (` in Lacs) 33.50 18.00 12.00 6.00 3.60 1.20
Mkt Value As on August 30, 2024 (` in Lacs) $$ 929.99 63.70 29.49 11.27 5.35 1.44
Returns (%) $$ 19.25 15.38 17.13 25.52 27.54 38.46
Benchmark Returns (%) # N.A. 15.16 16.75 22.61 23.72 39.49

Date Period (%) $$ (%)# Returns
(%) ## $$ (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 39.70 38.29 28.63 13,970 13,829 12,863
Aug 31, 21 Last 3 Years 21.12 16.10 14.15 17,769 15,650 14,875
Aug 30, 19 Last 5 Years 20.43 19.98 18.54 25,356 24,889 23,425
Aug 28, 14 Last 10 Years 13.78 14.14 13.35 36,425 37,610 35,063
Oct 11, 96 Since Inception 19.47 NA 14.17 1,433,087 NA 403,189
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All Distributions declared prior to the splitting of
the Scheme into IDCW & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-distribution
NAV). For performance of other schemes managed by Rahul Baijal, please refer page 104. Different plans viz. Regular Plan and Direct Plan
have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses
/ commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
August 2024 13
HDFC Top 100 Fund CATEGORY OF SCHEME
LARGE-CAP FUND
(An open ended equity scheme predominantly investing in large cap stocks)
Industry Allocation of Equity Holding

(% of Net Assets)
Banks 29.08
IT - Software 8.68
Power 6.02
Automobiles 5.92
Construction 5.71
Consumable Fuels 3.83
Consumer Durables 2.74
Finance 2.39
Retailing 1.35
Cement & Cement Products 1.28
Personal Products 1.16
Oil 0.92
Realty 0.55
Beverages 0.47
Insurance 0.45
Aerospace & Defense 0.32
Healthcare Services 0.25
0 10 20 30

HDFC Top • To generate long-term capital

rate Moderately
Mode High
rate Moderately
100 Fund appreciation / income o
• Investment predominantly in o
w t erate Hi
Mo Lo
gh
d
Large-Cap companies
Mo Lo
gh
BENCHMARK
d
Very
High
Low
: NIFTY 100
Very
High
Low

very high risk
14 August 2024
HDFC Mid-Cap Opportunities Fund CATEGORY OF SCHEME
MID CAP FUND
(An open ended equity scheme predominantly investing in mid cap stocks)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation/income by investing predominantly in Mid-Cap companies. There is no assurance that the investment
FUND MANAGER ¥ PORTFOLIO

Chirag Setalvad
(since June 25, 2007)
Total Experience: Over 27 years Company Industry+ / Rating % to Company Industry+ / Rating % to
NAV NAV
EQUITY & EQUITY RELATED Cholamandalam Investment
DATE OF ALLOTMENT / INCEPTION DATE • Indian Hotels Company Ltd. Leisure Services 3.75 & Finance Co. Ltd. Finance 0.71
June 25, 2007 • Max Financial Services Ltd. Insurance 3.45 Aarti Industries Ltd. Chemicals &
Petrochemicals 0.66
• The Federal Bank Ltd. Banks 3.23
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) GUJARAT FLUOROCHEMICALS Chemicals &
• Ipca Laboratories Ltd. Pharmaceuticals & LIMITED Petrochemicals 0.63
Regular Plan - Growth Option 189.440 Biotechnology 3.07
Regular Plan - IDCW Option 57.791 Greenlam Industries Ltd. Consumer Durables 0.62
Direct Plan - Growth Option 207.472 • Hindustan Petroleum Corp.
Ltd. Petroleum Products 2.85 Tata Chemicals Ltd. Chemicals &
Direct Plan - IDCW Option 83.884 Petrochemicals 0.61
• Balkrishna Industries Ltd. Auto Components 2.75
ASSETS UNDER MANAGEMENT J Arvind Limited Textiles & Apparels 0.60
• Apollo Tyres Ltd. Auto Components 2.74
As on August 31, 2024 City Union Bank Ltd. Banks 0.59
` 75,296.23 Cr. • Aurobindo Pharma Ltd. Pharmaceuticals &
Bharat Electronics Ltd. Aerospace & Defense 0.56
Average for Month of August 2024 Biotechnology 2.72
` 73,723.15 Cr. • Indian Bank Banks 2.69 Timken India Ltd. Industrial Products 0.55
• Tata Communications Limited Telecom - Services 2.66 Vesuvius India Ltd. Industrial Products 0.53
QUANTITATIVE DATA Vardhman Textiles Ltd. Textiles & Apparels 0.50
Portfolio Turnover Coforge Limited IT - Software 2.62
Equity Turnover 21.89% Max Healthcare Institute Cholamandalam Financial
Total Turnover 27.31% Limited Healthcare Services 2.60 Holdings Ltd. Finance 0.48
Total Turnover = Equity + Debt + Derivative Dilip Buildcon Ltd. Construction 0.46
Persistent Systems Limited IT - Software 2.49
Risk Ratio
n Standard Deviation 13.475% AIA Engineering Ltd. Industrial Products 2.06 Five-Star Business Finance
n Beta 0.862 Limited Finance 0.40
n Sharpe Ratio* 1.485 Jindal Steel & Power Ltd. Ferrous Metals 1.93
ESCORTS LTD. Agricultural, Commercial
Computed for the 3-yr period ended August 31, Mahindra & Mahindra & Construction Vehicles 0.38
2024. Based on month-end NAV. Financial Services Ltd. Finance 1.86
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Sona Blw Precision Forgings Auto Components 0.37
For schemes which have not completed 3 years, Crompton Greaves Consumer
data is computed since inception. Elec. Ltd. Consumer Durables 1.82 Zee Entertainment Enterprises
Ltd. Entertainment 0.35
Glenmark Pharmaceuticals Pharmaceuticals &
Ltd. Biotechnology 1.78 Navneet Education Ltd. Printing & Publication 0.33
TOTAL EXPENSE RATIO (As on August 31, 2024) Ceat Ltd. Auto Components 0.31
Including Additional Expenses and Goods and Service PB FINTECH LIMITED (Policy Financial Technology
Tax on Management Fees Bazaar) (Fintech) 1.67 Greenpanel Industries Limited Consumer Durables 0.27
Regular: 1.39%Direct: 0.72% Power Finance Corporation Greenply Industries Ltd. Consumer Durables 0.27
Ltd. Finance 1.66
Dhanuka Agritech Ltd. Fertilizers &
SKF India Ltd. Industrial Products 1.64 Agrochemicals 0.26
#BENCHMARK INDEX:
NIFTY Midcap 150 (Total Returns Index) Au Small Finance Bank Ltd. Banks 1.63 Bharti Hexacom Limited Telecom - Services 0.23
##ADDL. BENCHMARK INDEX: Fortis Healthcare Limited Healthcare Services 1.59 Coromandel International Fertilizers &
NIFTY 50 (Total Returns Index) Oracle Financial Ser Software Limited Agrochemicals 0.23
Ltd. IT - Software 1.59 Mahindra Holidays & Resorts
EXIT LOAD$$ : Union Bank of India Banks 1.54 Ind Ltd. Leisure Services 0.17
Exit Load of 1.00% is payable if Units are redeemed / Dixon Technologies (India) Ltd. Consumer Durables 1.52 Delta Corp Ltd. Leisure Services 0.14
switched-out within 1 year from the date of allotment.
• No Exit Load is payable if Units are redeemed / Cummins India Ltd. Industrial Products 1.51 Jagran Prakashan Ltd. Media 0.13
switched-out after 1 year from the date of allotment. VST Industries Ltd. Cigarettes & Tobacco
Sundram Fasteners Ltd. Auto Components 1.43
Products 0.09
ACC Ltd. Cement & Cement
Products 1.39 Sub Total 92.13
MphasiS Limited. IT - Software 1.39 Cash,Cash Equivalents and Net Current Assets 7.87
Industry Allocation of Equity Holding Gland Pharma Ltd. Pharmaceuticals & Grand Total 100.00
(% of Net Assets) Biotechnology 1.36 • Top Ten Holdings
Solar Industries India Ltd. Chemicals &
Banks 10.66 Petrochemicals 1.34
Pharmaceuticals & Biotechnology 8.93 Face Value per Unit: ` 10, + Industry Classification as recommended by
IT - Software 8.09 Supreme Industries Ltd. Industrial Products 1.20
Auto Components 7.60 AMFI, Data is as of August 31, 2024 unless otherwise specified.
Industrial Products 7.49 KEC International Ltd. Construction 1.14
Finance 6.02 ¥ Dedicated Fund Manager for Overseas Investments:
Consumer Durables 5.25 Star Health and Allied
4.59 Insurance Company Ltd Insurance 1.14 Mr. Dhruv Muchhal (since June 22, 2023)
Insurance
Healthcare Services 4.19 (Total Experience: Over 10 years).
4.06 KNR Construction limited. Construction 1.01
Leisure Services J Includes investments made by the schemes of HDFC Mutual Fund
Chemicals & Petrochemicals 3.24 Karur Vysya Bank Ltd. Banks 0.98 aggregating to ` 134.45 Crores.
Petroleum Products 2.85 Marico Ltd. Agricultural Food & Please refer Minimum Application Amount, Plans & Options, on
Construction 2.61 Other Products 0.98 Page no. 101 to 103.
Ferrous Metals 1.93
Financial Technology (Fintech) 1.67 Redington Ltd. Commercial Services & $$For further details, please refer to para ‘Exit Load’ on page
Cement & Cement Products 1.39 Supplies 0.95
Textiles & Apparels 1.10 no. 104.
Agricultural Food & Other Products 0.98 REC Limited. Finance 0.91
Commercial Services & Supplies 0.95
Capital Markets 0.89 N i p p o n L i fe I n d i a A sset
Gas 0.88 Management Limited Capital Markets 0.89
Transport Services 0.74 Indraprastha Gas Ltd. Gas 0.88
Aerospace & Defense 0.56 Emami Ltd. Personal Products 0.80
Fertilizers & Agrochemicals 0.49
Agricultural, Commercial & Construction Vehicles 0.38 Symphony Ltd. Consumer Durables 0.75
Entertainment 0.35
Printing & Publication 0.33 Delhivery Limited Transport Services 0.74
Media 0.13
Cigarettes & Tobacco Products 0.09
0 5 10 15
August 2024 15
HDFC Mid-Cap Opportunities Fund CATEGORY OF SCHEME
MID CAP FUND
(An open ended equity scheme predominantly investing in mid cap stocks)

Mkt Value As on August 30, 2024 (` in Lacs) 170.82 110.85 39.65 14.21 6.18 1.49
Returns (%) 21.40 21.67 22.61 35.36 38.44 47.76

(`)##
Aug 31, 23 Last 1 Year 46.77 50.08 32.64 14,677 15,008 13,264
Aug 31, 21 Last 3 Years 29.27 27.88 15.17 21,600 20,915 15,274
Aug 30, 19 Last 5 Years 30.74 31.88 19.37 38,250 39,947 24,262
Aug 28, 14 Last 10 Years 19.92 20.76 13.59 61,667 66,132 35,825
Jun 25, 07 Since Inception 18.66 16.43 12.23 189,440 136,734 72,723
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. For performance of other schemes managed by
Chirag Setalvad, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the
Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance
of Direct Plan, refer page 109 to 115.

Benchmark (This product is suitable for (Current risk as per latest month
investors who are seeking ~) end portfolio)
HDFC Mid-Cap • To generate long-term capital Modera

oderate High tely
Opportunities appreciation / income o M rate Moderately
• Investment predominantly in Mid- o
Fund w t erate Hi
Mo Lo
gh
d
Cap companies
Mo Lo
gh
d
Very
High
Low
BENCHMARK :
Very
High
Low
NIFTY Midcap RISKOMETER

150 (Total Investors understand that their principal will be at RISKOMETER
Returns Index) very high risk Investors understand that their principal will be at
very high risk
16 August 2024
HDFC Small Cap Fund CATEGORY OF SCHEME
SMALL CAP FUND
(An open ended equity scheme predominantly investing in small cap stocks)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation /income by investing predominantly in Small-Cap companies. There is no assurance that the investment
FUND MANAGER¥
PORTFOLIO
Chirag Setalvad
Total Experience: Over 27 years Company Industry+ % to Company Industry+ % to
NAV NAV
EQUITY & EQUITY RELATED Tata Steel Ltd. Ferrous Metals 0.70
DATE OF ALLOTMENT / INCEPTION DATE • Firstsource Solutions Ltd. Commercial Services & ION EXCHANGE (INDIA)
April 3, 2008 Supplies 5.34 LIMITED Other Utilities 0.69
• Bank of Baroda Banks 3.16 Bajaj Consumer Care Ltd. Personal Products 0.68
• eClerx Services Limited Commercial Services & IFGL Refractories Limited (Erst
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) IFGL Exports Ltd) Industrial Products 0.63
Supplies 3.15
Regular Plan - IDCW Option 50.599 • Aster DM Healthcare Limited Healthcare Services 2.75 Vesuvius India Ltd. Industrial Products 0.63
Direct Plan - Growth Option 160.225 • Sonata Software Ltd. IT - Software 2.73 Gujarat Pipavav Port Ltd. Transport Infrastructure 0.62
Direct Plan - IDCW Option 74.184 • Eris Lifesciences Ltd Pharmaceuticals & G R Infraprojects Limited Construction 0.60
Biotechnology 2.57 Repco Home Finance Ltd. Finance 0.58
ASSETS UNDER MANAGEMENT J • Power Mech Projects Ltd. Construction 2.35 Finolex Industries Ltd. Industrial Products 0.56
As on August 31, 2024 • Great Eastern Shipping
` 33,893.79 Cr. DCB Bank Limited Banks 0.51
Company Ltd. Transport Services 2.21
Average for Month of August 2024 D B Corp Limited Media 0.49
• Fortis Healthcare Limited Healthcare Services 2.03
` 32,947.58 Cr. • Gabriel India Ltd. Auto Components 1.95
IDFC Ltd. Finance 0.46
Bajel Projects Limited Power 0.44
QUANTITATIVE DATA PVR LIMITED Entertainment 1.83
Carborundum Universal Ltd. Industrial Products 0.44
Portfolio Turnover Voltamp Transformers Ltd. Electrical Equipment 1.82
Equity Turnover 13.83% T. V. Today Network Ltd. Entertainment 0.42
Total Turnover 25.49% Bajaj Electricals Ltd. Consumer Durables 1.78
GNA Axles Ltd. Auto Components 0.41
Total Turnover = Equity + Debt + Derivative Kirloskar Ferrous Industries
Ltd. Ferrous Metals 1.76 PEARL GLOBAL INDUSTRIES
Risk Ratio LIMITED Textiles & Apparels 0.41
n Standard Deviation 14.741% PNC Infratech Ltd. Construction 1.74
n Beta 0.806 Delta Corp Ltd. Leisure Services 0.40
n Sharpe Ratio* 1.241 Suprajit Engineering Ltd. Auto Components 1.72
Advanced Enzyme Pharmaceuticals &
Computed for the 3-yr period ended August 31, S u d a r s h a n C h e m i c a l Chemicals & Technologies Ltd. Biotechnology 0.38
2024. Based on month-end NAV. Industries Limited Petrochemicals 1.69
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Goodyear India Ltd. Auto Components 0.36
Kalpataru Projects
For schemes which have not completed 3 years, International Ltd Construction 1.68 Global Health Limited Healthcare Services 0.34
data is computed since inception. Krishna Institute Of Medical GMM Pfaudler Limited Industrial Manufacturing 0.34
Sciences Limited Healthcare Services 1.63 Greenlam Industries Ltd. Consumer Durables 0.29
TOTAL EXPENSE RATIO (As on August 31, 2024) SKF India Ltd. Industrial Products 1.63 TCI Express Ltd. Transport Services 0.27
Including Additional Expenses and Goods and Service Indian Bank Banks 1.62 The Anup Engineering
Tax on Management Fees Limited Industrial Manufacturing 0.26
Apar Industries Limited Electrical Equipment 1.56
Regular: 1.57%Direct: 0.66% Equitas Small Finance BEML Limited Agricultural, Commercial
Bank Ltd Banks 1.46 & Construction Vehicles 0.25
Safari Industries (India) Ltd. Consumer Durables 1.45 Birlasoft Limited IT - Software 0.25
#BENCHMARK INDEX:
BSE 250 SmallCap Index (TRI) CIE Automotive India Ltd Auto Components 1.42 AWFIS SPACE SOLUTIONS Commercial Services &
LIMITED Supplies 0.24
##ADDL. BENCHMARK INDEX: KEI Industries Ltd. Industrial Products 1.37
FIEM INDUSTRIES LIMITED Auto Components 0.21
NIFTY 50 (Total Returns Index) Vardhman Textiles Ltd. Textiles & Apparels 1.37
Transport Corporation of Limited Finance 0.17
EXIT LOAD$$ : India Ltd. Transport Services 1.36
Lumax Industries Ltd Auto Components 0.14
• In respect of each purchase / switch-in of Units, an C h a m b a l Fe r t i l i ze r s & Fertilizers &
Exit Load of 1.00% is payable if Units are redeemed / Chemicals Ltd. Agrochemicals 1.32 Jagran Prakashan Ltd. Media 0.09
switched-out within 1 year from the date of allotment. Ceigall India Limited Construction 0.08
• No Exit Load is payable if Units are redeemed / KEC International Ltd. Construction 1.31
Blue Dart Express Ltd. Transport Services 1.29 OCCL Limited Chemicals &
Petrochemicals 0.08
Shoppers Stop Ltd. Retailing 1.21
Sadbhav Engineering Ltd. Construction 0.08
The Federal Bank Ltd. Banks 1.19
TCPL PACKAGING LIMITED Industrial Products 0.03
Chalet Hotels Ltd. Leisure Services 1.15
Nilkamal Ltd. Consumer Durables @
LG Balakrishnan & Bros Ltd. Auto Components 1.13
Sub Total 92.86
Redtape Limited Consumer Durables 1.12
Aditya Vision Limited Retailing 1.11
Grand Total 100.00
VRL Logistics Ltd. Transport Services 1.08
Gateway Distriparks Limited Transport Services 0.99 • Top Ten Holdings, @ Less than 0.01%
Unichem Laboratories Ltd. Pharmaceuticals &
Biotechnology 0.94
Face Value per Unit: ` 10, + Industry Classification as
La Opala RG Limited Consumer Durables 0.90
recommended by AMFI, Data is as of August 31, 2024 unless
Sharda Cropchem Ltd. Fertilizers & otherwise specified.
Agrochemicals 0.90
¥ Dedicated Fund Manager for Overseas Investments:
Zensar Technologies Ltd. IT - Software 0.89
Mr. Dhruv Muchhal (since June 22, 2023)
Multi Commodity Exchange
of India Ltd Capital Markets 0.87 (Total Experience: Over 10 years).
SULA VINEYARDS LIMITED Beverages 0.87 J Includes investments made by the schemes of HDFC Mutual Fund
aggregating to ` 138.30 Crores.
NRB Bearing Ltd. Auto Components 0.83
Please refer Minimum Application Amount, Plans & Options, on
Emami Ltd. Personal Products 0.81
Page no. 101 to 103.
Redington Ltd. Commercial Services &
Supplies 0.81 $$For further details, please refer to para ‘Exit Load’ on page
Insecticides (India) Ltd. Fertilizers & no. 104.
Agrochemicals 0.76
August 2024 17
HDFC Small Cap Fund CATEGORY OF SCHEME
SMALL CAP FUND
(An open ended equity scheme predominantly investing in small cap stocks)
(% of Net Assets) Since Inception 15 year 10 year 5 year 3 year 1 year
Commercial Services & Supplies 9.54 Total Amount Invested (` in Lacs) 19.70 18.00 12.00 6.00 3.60 1.20
Auto Components 8.17 Mkt Value As on August 30, 2024 (` in Lacs) 130.14 99.31 40.79 14.38 5.89 1.45
Banks 7.94
Construction 7.84 Returns (%) 20.35 20.43 23.13 35.87 34.81 40.10
Transport Services 7.20 Benchmark Returns (%) # 17.21 17.61 21.83 37.20 38.38 52.39
5.54 Additional Benchmark Returns (%) ## 14.59 14.68 16.34 21.52 21.70 34.34
Consumer Durables
Industrial Products 5.29 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Pharmaceuticals & Biotechnology 3.89 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
IT - Software 3.87 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Fertilizers & Agrochemicals 2.98 PERFORMANCE ^ - Regular Plan - Growth Option
Ferrous Metals 2.46
Retailing 2.32 Scheme Benchmark Additional Value of ` 10,000 invested
2.25 Returns Returns Benchmark Scheme (`) Benchmark Additional
Entertainment Date Period (%) (%)# Returns
Textiles & Apparels 1.78 (%) ## (`)# Benchmark
Chemicals & Petrochemicals 1.77 (`)##
Leisure Services 1.55 Aug 31, 23 Last 1 Year 36.37 49.76 32.64 13,637 14,976 13,264
Finance 1.21 Aug 31, 21 Last 3 Years 26.88 27.76 15.17 20,426 20,852 15,274
Capital Markets 0.87 Aug 30, 19 Last 5 Years 30.47 32.67 19.37 37,855 41,168 24,262
Beverages 0.87
IT - Services 0.72 Aug 28, 14 Last 10 Years 20.31 17.04 13.59 63,682 48,326 35,825
Other Utilities 0.69 Apr 03, 08 Since Inception 17.54 12.36 12.02 141,972 67,778 64,500
Transport Infrastructure 0.62
Industrial Manufacturing 0.60 Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Chirag Setalvad, please
Media 0.58 refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the
Power 0.44 Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
Agricultural, Commercial & Construction Vehicles 0.25 refer page 109 to 115.
0 5 10 15 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into consideration

HDFC Small • To generate long-term capital Modera

oderate High tely
Cap Fund appreciation / income o M rate Moderately
• Investment predominantly in o
w t erate Hi
Mo Lo
gh
d
Small-Cap companies
Mo Lo
gh
BENCHMARK
d
Very
High
: BSE 250 Low
Very
High
Low
SmallCap Index RISKOMETER
(TRI) Investors understand that their principal will be at RISKOMETER
very high risk
18 August 2024
HDFC Large and Mid Cap Fund CATEGORY OF SCHEME
LARGE & MID CAP FUND
(An open ended equity scheme investing in both large cap and mid cap
stocks)
KEY FACTS
INVESTMENT OBJECTIVE : To generate long term capital appreciation/income from a portfolio, predominantly invested in equity and equity related instruments. There is no
assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
Gopal Agrawal PORTFOLIO
(since July 16, 2020)
Company Industry+ / Rating % to Company Industry+ / Rating % to
DATE OF ALLOTMENT / INCEPTION DATE NAV NAV
February 18, 1994 EQUITY & EQUITY RELATED InterGlobe Aviation Ltd. Transport Services 0.74
• HDFC Bank Ltd.£ Banks 4.72 SBI Life Insurance Company
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Ltd. Insurance 0.74
• ICICI Bank Ltd. Banks 3.42
Regular Plan - Growth Option 346.915 Bandhan Bank Ltd. Banks 0.70
Regular Plan - IDCW Option 41.190 • Indusind Bank Ltd. Banks 2.26
Direct Plan - Growth Option 362.293 Bharat Forge Ltd. Auto Components 0.70
• Infosys Limited IT - Software 1.91
Direct Plan - IDCW Option 52.537 Timken India Ltd. Industrial Products 0.65
• Trent Ltd. Retailing 1.83
ASSETS UNDER MANAGEMENT J • Axis Bank Ltd.
Coforge Limited IT - Software 0.63
As on August 31, 2024 Banks 1.61
Crompton Greaves Consumer
` 23,712.31 Cr. • Tata Motors Ltd. Automobiles 1.50 Elec. Ltd. Consumer Durables 0.62
Average for Month of August 2024 • State Bank of India Banks 1.45 Tata Consumer Products Agricultural Food &
` 22,883.64 Cr. Limited Other Products 0.62
• Lupin Ltd. Pharmaceuticals &
QUANTITATIVE DATA Biotechnology 1.43
Portfolio Turnover Apollo Tyres Ltd. Auto Components 0.59
Equity Turnover 6.50% • MphasiS Limited. IT - Software 1.40 Tata Communications Limited Telecom - Services 0.59
Total Turnover = Equity + Debt + Derivative Prestige Estates Projects Ltd. Realty 1.39 Au Small Finance Bank Ltd. Banks 0.57
Risk Ratio LIC Housing Finance Ltd. Finance 1.28
n Standard Deviation 13.398% Motilal Oswal Financial
n Beta 0.977 Aurobindo Pharma Ltd. Pharmaceuticals & Services Ltd. Capital Markets 0.56
n Sharpe Ratio* 1.277 Biotechnology 1.24 SRF Ltd. Chemicals &
Computed for the 3-yr period ended August 31, Petrochemicals 0.56
2024. Based on month-end NAV. Ajanta Pharma Limited Pharmaceuticals &
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Biotechnology 1.23 Tech Mahindra Ltd. IT - Software 0.56
For schemes which have not completed 3 years, NTPC Limited Power 1.22 PB FINTECH LIMITED (Policy Financial Technology
data is computed since inception.
Tata Consultancy Services Ltd. IT - Software 1.22 Bazaar) (Fintech) 0.55
TOTAL EXPENSE RATIO (As on August 31, 2024) HCL Technologies Ltd. IT - Software 1.21 Ashok Leyland Ltd Agricultural, Commercial
Including Additional Expenses and Goods and Service & Construction Vehicles 0.54
Tax on Management Fees Gland Pharma Ltd. Pharmaceuticals &
Biotechnology 1.19 Bharat Petroleum Corporation
Regular: 1.66%Direct: 0.81% Ltd. Petroleum Products 0.54
Hindustan Petroleum Corp.
#BENCHMARK INDEX: Ltd. Petroleum Products 1.19 Emami Ltd. Personal Products 0.54
NIFTY Large-Midcap 250 (Total Returns Index) Power Grid Corporation of
Bharti Airtel Ltd. Telecom - Services 1.18
##ADDL. BENCHMARK INDEX: India Ltd. Power 0.54
BSE SENSEX (Total Returns Index) Max Financial Services Ltd. Insurance 1.18
EXIT LOAD$$ : ESCORTS LTD. Agricultural, Commercial
• In respect of each purchase / switch-in of Units, an & Construction Vehicles 1.16 Cipla Ltd. Pharmaceuticals &
Exit Load of 1.00% is payable if Units are redeemed / Biotechnology 0.53
switched-out within 1 year from the date of allotment. Kotak Mahindra Bank Limited Banks 1.16
• No Exit Load is payable if Units are redeemed / Eicher Motors Ltd. Automobiles 0.53
switched-out after 1 year from the date of allotment. Power Finance Corporation
Ltd. Finance 1.16 REC Limited. Finance 0.52
Industry Allocation of Equity Holding Reliance Industries Ltd. Petroleum Products 1.16 IDFC First Bank Limited Banks 0.51
(% of Net Assets) Bharat Electronics Ltd. Aerospace & Defense 1.14 PNB Housing Finance Ltd. Finance 0.51
Larsen and Toubro Ltd. Construction 1.14 Solar Industries India Ltd. Chemicals &
Banks 18.19 Petrochemicals 0.51
Pharmaceuticals & Biotechnology 9.36 Mahindra & Mahindra
Finance 9.12 Whirlpool of India Ltd. Consumer Durables 0.50
IT - Software 7.75 Financial Services Ltd. Finance 1.12
Auto Components 3.89 Oil & Natural Gas Corporation
Automobiles 3.38 Max Healthcare Institute
Petroleum Products 2.89 Limited Healthcare Services 1.03 Ltd. Oil 0.49
Power 2.85
Consumer Durables 2.77 Hindustan Aeronautics Limited Aerospace & Defense 0.94 Torrent Pharmaceuticals Ltd. Pharmaceuticals &
Retailing 2.75 Biotechnology 0.49
Insurance 2.61
Healthcare Services 2.56 Fortis Healthcare Limited Healthcare Services 0.93
Aerospace & Defense 2.43 Persistent Systems Limited IT - Software 0.48
Telecom - Services 2.12 Indian Hotels Company Ltd. Leisure Services 0.91
Chemicals & Petrochemicals 1.92 GAIL (India) Ltd. Gas 0.46
Leisure Services 1.77 Shriram Finance Ltd. Finance 0.87
Agricultural, Commercial & Construction Vehicles 1.70 Indian Bank Banks 0.46
Transport Services 1.69 Sun Pharmaceutical Industries Pharmaceuticals &
Industrial Products 1.65 L&T Finance Ltd. Finance 0.46
Realty 1.55 Ltd. Biotechnology 0.84
Gas 1.49
Construction 1.47 Ipca Laboratories Ltd. Pharmaceuticals & Oil India Limited Oil 0.46
Cement & Cement Products 1.22 Biotechnology 0.82
Ferrous Metals 1.14 Hindalco Industries Ltd. Non - Ferrous Metals 0.44
Oil 0.95 ITC Ltd. Diversified Fmcg 0.81 Voltas Ltd. Consumer Durables 0.44
Industrial Manufacturing 0.88
Diversified Fmcg 0.86 Indraprastha Gas Ltd. Gas 0.80 Cholamandalam Investment
Capital Markets 0.79
Entertainment 0.68 Ambuja Cements Ltd. Cement & Cement & Finance Co. Ltd. Finance 0.43
Agricultural Food & Other Products 0.62 Products 0.79
Financial Technology (Fintech) 0.61 Mahindra & Mahindra Ltd. Automobiles 0.43
Beverages 0.58
Personal Products 0.56 Bajaj Finance Ltd. Finance 0.78 The Federal Bank Ltd. Banks 0.42
Commercial Services & Supplies 0.40 Jindal Steel & Power Ltd. Ferrous Metals 0.78 Zomato Ltd Retailing 0.42
Textiles & Apparels 0.22 Balkrishna Industries Ltd. Auto Components 0.75
Telecom - Equipment & Accessories 0.19 Delhivery Limited Transport Services 0.41
IT - Services 0.08 Maruti Suzuki India Limited Automobiles 0.75
Transport Infrastructure 0.06 NHPC Ltd. Power 0.41
0 10 20
August 2024 19
stocks)
PORTFOLIO
Company Industry+ / Rating % to Company Industry+ / Rating % to Company Industry+ / Rating % to

NAV NAV NAV
Adani Energy Solutions Page Industries Ltd Textiles & Apparels 0.22 JSW Infrastructure Limited Transport Infrastructure 0.06
Limited Power 0.40
Blue Star Ltd. Consumer Durables 0.21 Motherson Sumi Wiring India
CIE Automotive India Ltd Auto Components 0.40 Limited Auto Components 0.06
Deepak Nitrite Limited Chemicals &
Eris Lifesciences Ltd Pharmaceuticals & Petrochemicals 0.21 ONE 97 COMMUNICATIONS Financial Technology
Biotechnology 0.40 LIMITED (Paytm) (Fintech) 0.06
PVR LIMITED Entertainment 0.21
Five-Star Business Finance Cello World Limited Consumer Durables 0.05
Limited Finance 0.40 Syngene International Limited Healthcare Services 0.21
Hindustan Unilever Ltd. Diversified Fmcg 0.05
Aster DM Healthcare Limited Healthcare Services 0.39 Avalon Technologies Limited Electrical Equipment 0.20
ICICI Prudential Life Insurance
Carborundum Universal Ltd. Industrial Products 0.39 Cholamandalam Financial Company Ltd. Insurance 0.05
Holdings Ltd. Finance 0.20
PI Industries Ltd. Fertilizers & LG Balakrishnan & Bros Ltd. Auto Components 0.05
Agrochemicals 0.38 Aavas Financiers Ltd. (Formerly
known as Au Housing Finance OCCL Limited Chemicals &
CREDITACCESS GRAMEEN Ltd.) Finance 0.19 Petrochemicals 0.05
LIMITED Finance 0.37
COMPUTER AGE MANAGEMENT Reliance Power Ltd. Power 0.05
Tata Steel Ltd. Ferrous Metals 0.36 SERVICES Capital Markets 0.19
Central Depository Services
ACC Ltd. Cement & Cement Container Corporation of (India) Ltd. Capital Markets 0.04
Products 0.35 India Ltd. Transport Services 0.19
Chemplast Sanmar Limited Chemicals &
DCX Systems Limited Aerospace & Defense 0.35 Kajaria Ceramics Ltd. Consumer Durables 0.19 Petrochemicals 0.04
Titagarh Wagons Limited Industrial Manufacturing 0.35 Navin Fluorine International Chemicals & Craftsman Automation Ltd Auto Components 0.04
Ltd. Petrochemicals 0.19
VODAFONE IDEA LIMITED Telecom - Services 0.35 Delta Corp Ltd. Leisure Services 0.04
STERLITE TECHNOLOGIES Telecom - Equipment &
Blue Dart Express Ltd. Transport Services 0.34 LIMITED Accessories 0.19 Nazara Technologies Limited Entertainment 0.04
Havells India Ltd. Consumer Durables 0.34 Bank of India Banks 0.18 Clean Science & Technology Chemicals &
Ltd Petrochemicals 0.03
HDFC Life Insurance Company Bosch Limited Auto Components 0.18
Limited Insurance 0.34 Hero MotoCorp Ltd. Automobiles 0.03
Samvardhana Motherson
Jubilant Foodworks Limited Leisure Services 0.34 International Ltd. Auto Components 0.18 Oriental Carbon & Chemicals Chemicals &
Ltd. Petrochemicals 0.03
LTIMindtree Limited IT - Software 0.33 SULA VINEYARDS LIMITED Beverages 0.18
Titan Company Ltd. Consumer Durables 0.03
Redington Ltd. Commercial Services & Zydus Lifesciences Limited Pharmaceuticals &
Supplies 0.33 Biotechnology 0.17 Aarti Pharmalabs Limited Pharmaceuticals &
Biotechnology 0.02
Sona Blw Precision Forgings Auto Components 0.33 Macrotech Developers Limited Realty 0.16
Godrej Consumer Products Ltd. Personal Products 0.02
Devyani International Ltd Leisure Services 0.32 Star Health and Allied
Insurance Company Ltd Insurance 0.16 ICICI Lombard General
Divis Laboratories Ltd. Pharmaceuticals & Insurance Co Insurance 0.02
Biotechnology 0.32 Bharat Heavy Electricals Ltd. Electrical Equipment 0.15
Indigo Paints Limited Consumer Durables 0.02
United Spirits Limited Beverages 0.32 Biocon Ltd. Pharmaceuticals &
Biotechnology 0.15 LATENT VIEW ANALYTICS
AIA Engineering Ltd. Industrial Products 0.31 LIMITED IT - Software 0.01
Zee Entertainment Enterprises IIFL Finance Limited Finance 0.14
TCI Express Ltd. Transport Services 0.01
Ltd. Entertainment 0.31 TVS Motor Company Ltd. Automobiles 0.14
Atul Ltd. Chemicals &
Brainbees Solutions Limited Canara Bank Banks 0.13 Petrochemicals @
(FirstCry) Retailing 0.30
Fsn Ecommerce Ventures Sub Total 97.51
Dr Reddys Laboratories Ltd. Pharmaceuticals & Limited (Nykaa) Retailing 0.12
Biotechnology 0.30 UNITS ISSUED BY REIT & INVIT
Jio Financial Services Limited Finance 0.12
KAYNES TECHNOLOGY INDIA Embassy Office Parks REIT Realty 0.38
LIMITED Industrial Manufacturing 0.30 Life Insurance Corporation
of India Insurance 0.12 Sub Total 0.38
Supreme Industries Ltd. Industrial Products 0.30
Sun TV Network Limited Entertainment 0.12 MUTUAL FUND UNITS
UPL Ltd. Fertilizers &
Agrochemicals 0.30 NBCC (INDIA) Ltd. Construction 0.10 HDFC S&P BSE SENSEX ETF 0.16
Paradeep Phosphates Limited Fertilizers & SAPPHIRE FOODS INDIA Sub Total 0.16
Agrochemicals 0.29 LIMITED Leisure Services 0.10 Cash,Cash Equivalents and Net Current Assets 1.95
SBI CARDS AND PAYMENT Sundram Fasteners Ltd. Auto Components 0.10 Grand Total 100.00
SERVICES LIMITED Finance 0.29
CarTrade Tech Limited Retailing 0.08
Aditya Birla Capital ltd. Finance 0.28 • Top Ten Holdings, £ Sponsor, @ Less than 0.01%.
Ikio Lighting Limited Consumer Durables 0.08
Tube Investments of India Ltd. Auto Components 0.28 Face Value per Unit: ` 10, + Industry Classification as
JK Cement Limited Cement & Cement
Bata India Ltd. Consumer Durables 0.23 Products 0.08 recommended by AMFI, Data is as of August 31, 2024 unless
Exide Industries Ltd. Auto Components 0.23 L&T Technology Services Ltd. IT - Services 0.08 otherwise specified.
Glenmark Pharmaceuticals Pharmaceuticals & United Breweries Ltd. Beverages 0.08 Mr. Dhruv Muchhal (since June 22, 2023)
Ltd. Biotechnology 0.23 (Total Experience: Over 10 years).
Aarti Industries Ltd. Chemicals &
GUJARAT FLUOROCHEMICALS Chemicals & Petrochemicals 0.07 J Includes investments made by the schemes of HDFC Mutual
LIMITED Petrochemicals 0.23 Fund aggregating to ` 33.47 Crores.
eClerx Services Limited Commercial Services & Please refer Minimum Application Amount, Plans & Options,
Gujarat State Petronet Ltd. Gas 0.23 Supplies 0.07 on Page no. 101 to 103.
NLC India Ltd. Power 0.23 Union Bank of India Banks 0.07 $$For further details, please refer to para ‘Exit Load’ on page
Sterling and Wilson Dixon Technologies (India) Ltd. Consumer Durables 0.06 no. 104.
Renewable Energy Ltd. Construction 0.23
Indian Railway Catering And
TEGA INDUSTRIES LIMITED Industrial Manufacturing 0.23 Tourism Corp Ltd Leisure Services 0.06
20 August 2024
stocks)

Returns (%) $$ 15.13 17.13 20.20 31.58 33.58 46.76
Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.

(%) ## $$ (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 44.91 44.18 28.63 14,491 14,418 12,863
Aug 31, 21 Last 3 Years 25.65 21.99 14.15 19,836 18,152 14,875
Aug 30, 19 Last 5 Years 26.81 25.93 18.54 32,834 31,709 23,425
Aug 28, 14 Last 10 Years 15.09 17.54 13.35 40,856 50,457 35,063
Feb 18, 94 Since Inception 13.30 NA 12.08 453,536 NA 325,660
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The Scheme, formerly a large cap fund, has
undergone change in Fundamental attributes and become a Large and Mid-cap Fund. Accordingly, the Scheme’s benchmark has also
changed. Hence, the past performance of the Scheme may not strictly be comparable with that of the new benchmark.
As BSE SENSEX TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite
CAGR of BSE SENSEX PRI values from February 18, 1994 to August 18, 1996 and TRI values since August 19, 1996. $$ All Distributions
declared prior to the splitting of the Scheme into IDCW & Growth Options are assumed to be reinvested in the units of the Scheme at the
then prevailing NAV (ex-distribution NAV). For performance of other schemes managed by Gopal Agrawal, please refer page 104. Different
plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower
to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
consideration for computation of performance.

HDFC Large • To generate long-term capital

Modera
and Mid Cap appreciation/income oderate High tely
o M Modera
oderate High tely
• Investment predominantly w t erate Hi
Fund o M
w t erate Hi
Mo Lo
gh
in Large Cap and Mid Cap

d
Mo Lo
gh
d
companies
Very
BENCHMARK
High
Low
Very
High
Low
: NIFTY Large-
RISKOMETER
Midcap 250
Investors understand that their principal will be at RISKOMETER
(Total Returns very high risk Investors understand that their principal will be at
Index) very high risk
August 2024 21
HDFC Capital Builder Value Fund CATEGORY OF SCHEME
VALUE FUND
(An open ended equity scheme following a value investment strategy)
INVESTMENT OBJECTIVE : To achieve capital appreciation/income in the long term by primarily investing in undervalued stocks. There is no assurance that the investment

Anand Laddha
(since February 1, 2024)
NAV NAV
EQUITY & EQUITY RELATED UTI Asset Management
• ICICI Bank Ltd. Banks 6.63 Company Ltd Capital Markets 0.50
DATE OF ALLOTMENT / INCEPTION DATE • HDFC Bank Ltd.£ Banks 6.35 Krishna Institute Of Medical
February 1, 1994 • Infosys Limited IT - Software 4.96 Sciences Limited Healthcare Services 0.49
• Bharti Airtel Ltd. Telecom - Services 4.90 GMM Pfaudler Limited Industrial
Manufacturing 0.48
• Axis Bank Ltd. Banks 3.88
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Aavas Financiers Ltd. (Formerly
• State Bank of India Banks 3.48 known as Au Housing Finance
Regular Plan - Growth Option 747.733 • NTPC Limited Power 3.34 Ltd.) Finance 0.45
Regular Plan - IDCW Option 37.953 • Sun Pharmaceutical IndustriesPharmaceuticals &
Direct Plan - Growth Option 829.051 Dilip Buildcon Ltd. Construction 0.45
Ltd. Biotechnology 2.72 Technocraft Industries (India)
Direct Plan - IDCW Option 46.009
• Larsen and Toubro Ltd. Construction 2.63 Ltd Industrial Products 0.44
• HCL Technologies Ltd. IT - Software 2.27 Muthoot Finance Ltd. Finance 0.43
ASSETS UNDER MANAGEMENT J Prestige Estates Projects Ltd.
Realty 2.19
As on August 31, 2024 TCI Express Ltd. Transport Services 0.42
The Phoenix Mills Limited Realty 1.85
` 7,733.37 Cr. ESCORTS LTD. Agricultural,
Commercial &
Average for Month of August 2024 SBI Life Insurance Company Ltd.
Insurance 1.81
Tech Mahindra Ltd. IT - Software 1.59 Construction Vehicles 0.41
` 7,506.19 Cr. Dabur India Ltd. Personal Products 0.39
Bharat Electronics Ltd. Aerospace & Defense 1.55
Cipla Ltd. Pharmaceuticals & Apar Industries Limited Electrical Equipment 0.38
QUANTITATIVE DATA
Portfolio Turnover Biotechnology 1.54 Apollo Tyres Ltd. Auto Components 0.38
Equity Turnover 15.23% Godrej Consumer Products Ltd. Personal Products 1.47 Great Eastern Shipping
Total Turnover 15.23% Tata Motors Ltd. Automobiles 1.44 Company Ltd. Transport Services 0.38
Total Turnover = Equity + Debt + Derivative Crompton Greaves Consumer
STERLITE TECHNOLOGIES Telecom - Equipment &
Risk Ratio LIMITED Accessories 1.43 Elec. Ltd. Consumer Durables 0.37
n Standard Deviation 13.106%
Bajaj Auto Limited Automobiles 1.41 Central Depository Services
n Beta 0.985 (India) Ltd. Capital Markets 0.36
n Sharpe Ratio* 1.041 ITC Ltd. Diversified Fmcg 1.39
Computed for the 3-yr period ended August 31, UNIPARTS INDIA LIMITED Auto Components 0.35
2024. Based on month-end NAV. Indoco Remedies Ltd. Pharmaceuticals &
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Multi Commodity Exchange of Biotechnology 0.34
For schemes which have not completed 3 years, India Ltd Capital Markets 1.27
Zomato Ltd Retailing 0.32
data is computed since inception. Lupin Ltd. Pharmaceuticals &
Biotechnology 1.23 G R Infraprojects Limited Construction 0.30
Radico Khaitan Limited Beverages 1.21 R R KABEL LIMITED Industrial Products 0.30
TOTAL EXPENSE RATIO (As on August 31, 2024) Ambuja Cements Ltd. Cement & Cement Balkrishna Industries Ltd. Auto Components 0.27
Including Additional Expenses and Goods and Service Products 1.20 MedPlus Health Services
Tax on Management Fees Cholamandalam Investment & Limited Retailing 0.26
Regular: 1.83%Direct: 0.97% Finance Co. Ltd. Finance 1.20 Popular Vehicles and Services
Bosch Limited Auto Components 1.14 Limited Automobiles 0.20
PNB Housing Finance Ltd. Finance 1.14 Wheels India Ltd. Auto Components 0.17
#BENCHMARK INDEX: Elecon Engineering Comapny Industrial
Ashoka Buildcon Ltd. Construction 1.12
NIFTY 500 (Total Returns Index) Ltd. Manufacturing 0.16
##ADDL. BENCHMARK INDEX: Max Healthcare Institute
Limited Healthcare Services 1.12 Zee Entertainment Enterprises
NIFTY 50 (Total Returns Index) Ltd. Entertainment 0.15
Ajanta Pharma Limited Pharmaceuticals &
Biotechnology 1.07 Baazar Style Retail Limited Retailing 0.13
EXIT LOAD$$ : UltraTech Cement Limited Cement & Cement Jubilant Ingrevia Limited Chemicals &
• In respect of each purchase / switch-in of Units, an Petrochemicals 0.12
Exit Load of 1.00% is payable if Units are redeemed / Products 1.03
switched-out within 1 year from the date of allotment. Bharat Petroleum Corporation Gujarat Industries Power
• No Exit Load is payable if Units are redeemed / Co. Ltd. Power 0.08
switched-out after 1 year from the date of allotment. Ltd. Petroleum Products 1.02
Coal India Ltd. Consumable Fuels 0.98 Sadbhav Infrastructure Project
Ltd. (Corporate Guarantee of
Bharat Forge Ltd. Auto Components 0.92 Sadbhav Engineering Ltd.) Construction 0.01
GAIL (India) Ltd. Gas 0.92 Sub Total 98.58
Emami Ltd. Personal Products 0.84 UNITS ISSUED BY REIT & INVIT
United Breweries Ltd. Beverages 0.77 POWERGRID Infrastructure
SKF India Ltd. Industrial Products 0.76 Investment Trust Power @
Adani Energy Solutions Limited Power 0.74 Sub Total @
L&T Technology Services Ltd. IT - Services 0.74 Cash,Cash Equivalents and Net Current Assets 1.42
Au Small Finance Bank Ltd. Banks 0.69 Grand Total 100.00
Equitas Small Finance Bank Ltd Banks 0.69 • Top Ten Holdings, £ Sponsor, @ Less than 0.01%.
Hindustan Petroleum Corp. Ltd. Petroleum Products 0.69
Indusind Bank Ltd. Banks 0.66 Face Value per Unit: ` 10, + Industry Classification as recommended
by AMFI, Data is as of August 31, 2024 unless otherwise specified.
Eicher Motors Ltd. Automobiles 0.64
Maruti Suzuki India Limited Automobiles 0.64 ¥ Dedicated Fund Manager for Overseas Investments:
Techno Electric & Engin. Mr. Dhruv Muchhal (since June 22, 2023)
Co. Ltd. Construction 0.64 (Total Experience: Over 10 years).
Tata Steel Ltd. Ferrous Metals 0.59
Gujarat Pipavav Port Ltd. Transport Infrastructure 0.58 Please refer Minimum Application Amount, Plans & Options, on
VIP Industries Ltd. Consumer Durables 0.57
$$For further details, please refer to para ‘Exit Load’ on page no. 104.
METRO BRANDS LIMITED Consumer Durables 0.56
Whirlpool of India Ltd. Consumer Durables 0.56
Angel One Ltd. Capital Markets 0.51
PVR LIMITED Entertainment 0.51
22 August 2024
HDFC Capital Builder Value Fund CATEGORY OF SCHEME
VALUE FUND
(An open ended equity scheme following a value investment strategy)

(% of Net Assets)
Banks 22.38
IT - Software 8.82
Construction 5.15
Automobiles 4.33
Power 4.16
Realty 4.04
Beverages 3.29
Auto Components 3.23
Finance 3.22
Insurance 1.81
Telecom - Equipment & Accessories 1.43
Gas 0.92
IT - Services 0.74
Retailing 0.71
Entertainment 0.66
Ferrous Metals 0.59
0 10 20 30

Mkt Value As on August 30, 2024 (` in Lacs) 1,128.74 72.23 31.03 11.93 5.60 1.50
Returns (%) 17.92 16.82 18.07 27.91 30.90 50.15
accounting for the cash flow by using XIRR method (investment internal rate of return). The above investment simulation is for illustrative
purposes only and should not be construed as a promise on minimum returns and safeguard of capital.

Scheme Benchmark Value of ` 10,000 invested
Additional
Returns Returns Scheme (`)Benchmark
Benchmark Additional
(`)##
Aug 31, 23 Last 1 Year 48.82 41.58 32.64 14,882 14,158 13,264
Aug 31, 21 Last 3 Years 21.48 18.95 15.17 17,929 16,829 15,274
Aug 30, 19 Last 5 Years 23.01 22.70 19.37 28,200 27,845 24,262
Aug 28, 14 Last 10 Years 15.46 15.32 13.59 42,174 41,684 35,825
Feb 01, 94 Since Inception 15.14 NA 11.61 747,733 NA 287,934
Anand Laddha, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the
Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. As NIFTY 50
TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of NIFTY 50
PRI values from February 1, 1994 to June 29, 1999 and TRI values since June 30, 1999. For Performance of Direct Plan, refer page 109 to 115.

HDFC Capital • To generate long-term capital

rate Moderately
Builder Value appreciation / income in the long o Mode High Modera
w t erate Hi oderate High tely
term o M
Fund w t erate Hi
Mo Lo
gh
d
• Investment primarily in
Mo Lo
gh
d
Very
undervalued stocks
High
Low
BENCHMARK
Very
High
Low
: NIFTY 500 RISKOMETER

(Total Returns Investors understand that their principal will be at RISKOMETER
Index) very high risk Investors understand that their principal will be at
very high risk
August 2024 23
HDFC Dividend Yield Fund
(An open ended equity scheme predominantly investing in dividend yielding stocks)
CATEGORY OF SCHEME
DIVIDEND YIELD FUND
(This is a simple and performing scheme which is eligible for distribution by new cadre of
distributors)
INVESTMENT OBJECTIVE : To provide capital appreciation and/or dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity related
instruments of dividend yielding companies. There is no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Gopal Agrawal
(since December 18, 2020) Company Industry+ % to Company Industry+ % to
Total Experience: Over 21 years NAV NAV
EQUITY & EQUITY RELATED Godrej Consumer Products
DATE OF ALLOTMENT / INCEPTION DATE • HDFC Bank Ltd.£ Banks 5.37 Ltd. Personal Products 0.72
December 18, 2020 • ICICI Bank Ltd. Banks 3.96 Finolex Cables Ltd. Industrial Products 0.70
• Infosys Limited IT - Software 3.13 Dr Reddys Laboratories Ltd. Pharmaceuticals &
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Biotechnology 0.67
• Axis Bank Ltd. Banks 2.99 Lupin Ltd. Pharmaceuticals &
Regular Plan - IDCW Option 24.351 • Tech Mahindra Ltd. IT - Software 2.90 Biotechnology 0.67
Direct Plan - Growth Option 27.750 • Tata Consultancy Services Ltd. IT - Software 2.72 Emami Ltd. Personal Products 0.66
• NTPC Limited Power 2.55 Nestle India Ltd. Food Products 0.65
ASSETS UNDER MANAGEMENT J • Larsen and Toubro Ltd. Construction 2.51 UPL Ltd. Fertilizers &
As on August 31, 2024 Agrochemicals 0.65
• Reliance Industries Ltd. Petroleum Products 2.43
` 6,202.55 Cr. Apollo Tyres Ltd. Auto Components 0.64
Average for Month of August 2024 • Maruti Suzuki India Limited Automobiles 2.13
Indraprastha Gas Ltd. Gas 0.63
` 6,005.56 Cr. HCL Technologies Ltd. IT - Software 2.10
Aster DM Healthcare Limited Healthcare Services 0.62
Kotak Mahindra Bank Limited Banks 2.10
QUANTITATIVE DATA NHPC Ltd. Power 0.62
Portfolio Turnover Sun Pharmaceutical Industries Pharmaceuticals &
Equity Turnover 16.45% Ltd. Biotechnology 2.00 FUSION MICRO FINANCE
Total Turnover 16.45% LIMITED Finance 0.60
Total Turnover = Equity + Debt + Derivative ITC Ltd. Diversified Fmcg 1.86
HDFC Life Insurance Company
Risk Ratio SBI Life Insurance Company Limited Insurance 0.60
n Standard Deviation 12.672% Ltd. Insurance 1.85
n Beta 0.945 Mahindra Holidays & Resorts
n Sharpe Ratio* 1.302 Coal India Ltd. Consumable Fuels 1.69 Ind Ltd. Leisure Services 0.60
Computed for the 3-yr period ended August 31, Bharti Airtel Ltd. Telecom - Services 1.61
2024. Based on month-end NAV. Dilip Buildcon Ltd. Construction 0.59
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) State Bank of India Banks 1.58 Cummins India Ltd. Industrial Products 0.57
For schemes which have not completed 3 years,
data is computed since inception. Bharat Electronics Ltd. Aerospace & Defense 1.45 VRL Logistics Ltd. Transport Services 0.57
Hindustan Unilever Ltd. Diversified Fmcg 1.34 Muthoot Finance Ltd. Finance 0.55
TOTAL EXPENSE RATIO (As on August 31, 2024) KAYNES TECHNOLOGY INDIA Industrial Canara Bank Banks 0.54
Including Additional Expenses and Goods and Service LIMITED Manufacturing 1.31
DCX Systems Limited Aerospace & Defense 0.52
Tax on Management Fees Oil & Natural Gas Corporation
Ltd. Oil 1.28 PNB Housing Finance Ltd. Finance 0.51
Regular: 1.80%Direct: 0.56%
Tata Motors Ltd. Automobiles 1.25 Vardhman Textiles Ltd. Textiles & Apparels 0.51
#BENCHMARK INDEX: Indusind Bank Ltd. Banks 1.12 Bharti Hexacom Limited Telecom - Services 0.50
NIFTY 500 (Total Returns Index) PVR LIMITED Entertainment 1.11 GO FASHION (INDIA) LIMITED Retailing 0.50
##ADDL. BENCHMARK INDEX:
NIFTY 50 (Total Returns Index) CESC Ltd. Power 1.09 Quess Corp Ltd. Commercial Services &
Supplies 0.50
EXIT LOAD$$ : Cipla Ltd. Pharmaceuticals &
• In respect of each purchase / switch-in of Units, an Biotechnology 1.07 Cyient Ltd. IT - Services 0.48
switched-out within 1 year from the date of allotment. STERLITE TECHNOLOGIES Telecom - Equipment Asian Paints Limited Consumer Durables 0.47
• No Exit Load is payable if Units are redeemed / LIMITED & Accessories 1.07 GHCL Limited Chemicals &
Balrampur Chini Mills Ltd. Agricultural Food & Petrochemicals 0.45
Other Products 1.06 Hindalco Industries Ltd. Non - Ferrous Metals 0.45
Power Finance Corporation Mahindra & Mahindra Ltd. Automobiles 0.45
Ltd. Finance 1.06
Bajaj Auto Limited Automobiles 1.02 UTI Asset Management
Company Ltd Capital Markets 0.45
TD Power Systems Ltd. Electrical Equipment 1.01 Biocon Ltd. Pharmaceuticals &
Eicher Motors Ltd. Automobiles 1.00 Biotechnology 0.43
REC Limited. Finance 1.00 PNC Infratech Ltd. Construction 0.43
Ambuja Cements Ltd. Cement & Cement Divis Laboratories Ltd. Pharmaceuticals &
Products 0.99 Biotechnology 0.33
Whirlpool of India Ltd. Consumer Durables 0.94 Stanley Lifestyles Limited Consumer Durables 0.33
Tata Steel Ltd. Ferrous Metals 0.92 Tata Communications Limited Telecom - Services 0.32
Apollo Hospitals Enterprise Electronics Mart India Ltd Retailing 0.31
Ltd. Healthcare Services 0.84 Netweb Technologies India
Blue Dart Express Ltd. Transport Services 0.84 Limited It - Hardware 0.31
BEML Land Assets Limited Finance 0.82 Castrol India Ltd. Petroleum Products 0.26
SKF India Ltd. Industrial Products 0.79 ICICI Securities Ltd Capital Markets 0.25
Wipro Ltd. IT - Software 0.79 Premier Energies Limited Electrical Equipment 0.25
Cholamandalam Financial Emcure Pharmaceuticals Pharmaceuticals &
Holdings Ltd. Finance 0.77 Limited Biotechnology 0.23
GAIL (India) Ltd. Gas 0.77 Gujarat Pipavav Port Ltd. Transport
Infrastructure 0.22
AIA Engineering Ltd. Industrial Products 0.75
Voltamp Transformers Ltd. Electrical Equipment 0.22
Hindustan Aeronautics
Limited Aerospace & Defense 0.75 Chambal Fertilizers & Fertilizers &
Chemicals Ltd. Agrochemicals 0.21
RHI MAGNESITA INDIA Limited Industrial Products 0.75
24 August 2024
HDFC Dividend Yield Fund CATEGORY OF SCHEME
DIVIDEND YIELD FUND
(An open ended equity scheme predominantly investing in dividend
yielding stocks)
Industry Allocation of Equity Holding PORTFOLIO

(% of Net Assets)
Banks 17.66 NAV NAV
IT - Software 11.76
Automobiles 6.03 Jio Financial Services Limited Finance 0.21 Units issued by ReIT
Finance 5.52
Pharmaceuticals & Biotechnology 5.40 Sun TV Network Limited Entertainment 0.20 Embassy Office Parks REIT Realty 0.63
Power 4.26
Industrial Products 3.81 Techno Electric & Engin. Sub Total 0.63
Construction 3.72 Co. Ltd. Construction 0.19
Diversified Fmcg 3.20 Total 0.82
Aerospace & Defense 2.72 Popular Vehicles and Services
Petroleum Products 2.69 Cash,Cash Equivalents and Net Current Assets 1.33
Insurance 2.45 Limited Automobiles 0.18
Telecom - Services 2.43 Grand Total 100.00
Consumer Durables 1.88 EPACK DURABLE LIMITED Consumer Durables 0.14
Consumable Fuels 1.69 • Top Ten Holdings, £ Sponsor
Electrical Equipment 1.56 Inox India Limited Industrial Products 0.14
Transport Services 1.41 Sai Silks (Kalamandir) Limited Retailing 0.12
Gas 1.40 Face Value per Unit: ` 10, + Industry Classification as recommended by
Personal Products 1.38 Timken India Ltd. Industrial Products 0.11 AMFI, Data is as of August 31, 2024 unless otherwise specified.
Entertainment 1.31 UltraTech Cement Limited Cement & Cement
Oil 1.28 Products 0.11 ¥ Dedicated Fund Manager for Overseas Investments:
Cement & Cement Products 1.10 Mr. Dhruv Muchhal (since June 22, 2023)
Telecom - Equipment & Accessories 1.07 Rishabh instruments Limited Electrical Equipment 0.08
Agricultural Food & Other Products 1.06 (Total Experience: Over 10 years).
Retailing 0.93 Sonata Software Ltd. IT - Software 0.08
Ferrous Metals 0.92 J Includes investments made by the schemes of HDFC Mutual Fund
Fertilizers & Agrochemicals 0.86 GHCL Textiles Limited Textiles & Apparels 0.07 aggregating to ` 45.60 Crores.
Food Products 0.65 LATENT VIEW ANALYTICS Please refer Minimum Application Amount, Plans & Options, on
Leisure Services 0.60 LIMITED IT - Software 0.04 Page no. 101 to 103.
Commercial Services & Supplies 0.50 Sub Total 97.85 $$For further details, please refer to para ‘Exit Load’ on page
IT - Services 0.48 no. 104.
Non - Ferrous Metals 0.45 UNITS ISSUED BY REIT & INVIT
IT - Hardware 0.31 Units issued by InvIT
Bharat Highways InvIT Construction 0.19
0 5 10 15 20
Sub Total 0.19

Since Inception 3 year 1 year
SIP SIP SIP
Total Amount Invested (` in Lacs) 4.50 3.60 1.20
Mkt Value As on August 30, 2024 (` in Lacs) 7.89 5.75 1.48
Returns (%) 31.14 32.90 45.75
Benchmark Returns (%) # 25.11 27.23 42.69
Additional Benchmark Returns (%) ## 20.35 21.70 34.34

Returns Returns Benchmark
Scheme (`) Benchmark Additional
(`)##
Aug 31, 23 Last 1 Year 46.46 41.58 32.64 14,646 14,158 13,264
Aug 31, 21 Last 3 Years 25.02 18.95 15.17 19,538 16,829 15,274
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Gopal Agrawal, please

HDFC • Capital appreciation over long

rate Moderately
Dividend term/regular income o Mode High Modera
• Investment predominantly o M
Yield Fund w t erate Hi
Mo Lo
gh
d
in equity and equity related

Mo Lo
gh
d
Very
Instruments of dividend yielding

High
Low
BENCHMARK
Very
High
Low
: NIFTY 500 companies

RISKOMETER
(Total Returns Investors understand that their principal will be at RISKOMETER
very high risk
August 2024 25
HDFC Focused 30 Fund CATEGORY OF SCHEME
FOCUSED FUND
[An open ended equity scheme investing in maximum 30 stocks
in large-cap, mid-cap and small-cap category (i.e. Multi-Cap)]
INVESTMENT OBJECTIVE : To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies. There is no assurance
FUND MANAGER ¥
Roshi Jain PORTFOLIO
(since January 13, 2022)
Total Experience: Over 19 years Company Industry+ / Rating % to NAV Company Industry+ / Rating % to NAV
(Hedged & (Hedged &
Unhedged) Unhedged)
DATE OF ALLOTMENT / INCEPTION DATE EQUITY & EQUITY RELATED Birlasoft Limited IT - Software 1.03
September 17, 2004 • ICICI Bank Ltd. Banks 9.44 Sub Total 86.23
• HDFC Bank Ltd.£ Banks 9.14 DEBT & DEBT RELATED
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Axis Bank Ltd. Banks 8.37 Government Securities (Central/State)
Regular Plan - Growth Option 217.870 • HCL Technologies Ltd. IT - Software 4.89 7.38 GOI 2027 Sovereign 0.35
Regular Plan - IDCW Option 26.560 • SBI Life Insurance Company Sub Total 0.35
Direct Plan - Growth Option 244.773 Ltd. Insurance 4.65 UNITS ISSUED BY REIT & INVIT
Direct Plan - IDCW Option 33.476 • Cipla Ltd. Pharmaceuticals & Nexus Select Trust REIT Realty 2.03
Biotechnology 4.62
Embassy Office Parks REIT Realty 1.65
ASSETS UNDER MANAGEMENT • Kotak Mahindra Bank
As on August 31, 2024 Limited Banks 4.10 Sub Total 3.68
` 14,329.60 Cr. • Bharti Airtel Ltd. Telecom - Services 3.90 Cash,Cash Equivalents and Net Current Assets 9.74
Average for Month of August 2024 • Maruti Suzuki India Limited Automobiles 3.25 Grand Total 100.00
` 13,843.48 Cr. • PIRAMAL PHARMA LTD Pharmaceuticals & • Top Ten Holdings, £ Sponsor
Biotechnology 2.77
QUANTITATIVE DATA Metropolis Healthcare Ltd. Healthcare Services 2.46 Face Value per Unit: ` 10, + Industry Classification as
Portfolio Turnover Apollo Hospitals Enterprise
Equity Turnover 35.18% recommended by AMFI, Data is as of August 31, 2024 unless
Total Turnover 36.08% Ltd. Healthcare Services 2.30 otherwise specified.
Total Turnover = Equity + Debt + Derivative State Bank of India Banks 2.28
Risk Ratio Bosch Limited Auto Components 2.19 ¥ Dedicated Fund Manager for Overseas Investments:
n Standard Deviation 11.624% Mr. Dhruv Muchhal (since June 22, 2023)
n Beta
Crompton Greaves
0.805 Consumer Elec. Ltd. Consumer Durables 2.16 (Total Experience: Over 10 years).
n Sharpe Ratio* 1.617
SAPPHIRE FOODS INDIA Please refer Minimum Application Amount, Plans & Options, on
Computed for the 3-yr period ended August 31, LIMITED Leisure Services 2.12
2024. Based on month-end NAV. Page no. 101 to 103.
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Eicher Motors Ltd. Automobiles 1.87
$$For further details, please refer to para ‘Exit Load’ on page
For schemes which have not completed 3 years, Prestige Estates Projects no. 104.
data is computed since inception. Ltd. Realty 1.77
Karur Vysya Bank Ltd. Banks 1.71
TOTAL EXPENSE RATIO (As on August 31, 2024) Tech Mahindra Ltd. IT - Software 1.60
Including Additional Expenses and Goods and Service Hindustan Aeronautics
Tax on Management Fees Limited Aerospace & Defense 1.55
Regular: 1.67%Direct: 0.50% Bajaj Auto Limited Automobiles 1.52
Dr Reddys Laboratories Ltd. Pharmaceuticals &
Biotechnology 1.47
#BENCHMARK INDEX:
NIFTY 500 (Total Returns Index) ESCORTS LTD. Agricultural,
Commercial &
##ADDL. BENCHMARK INDEX: Construction Vehicles 1.41
BSE SENSEX (Total Returns Index) Restaurant Brands Asia
Limited Leisure Services 1.23
EXIT LOAD$$ : United Spirits Limited Beverages 1.23
Exit Load of 1.00% is payable if Units are redeemed / Avalon Technologies
switched-out within 1 year from the date of allotment. Limited Electrical Equipment 1.20
switched-out after 1 year from the date of al-lotment.

Returns (%) 15.19 16.03 18.77 30.91 32.47 44.69

(`)##
Aug 31, 23 Last 1 Year 43.68 41.58 28.63 14,368 14,158 12,863
Aug 31, 21 Last 3 Years 28.00 18.95 14.15 20,972 16,829 14,875
Aug 30, 19 Last 5 Years 25.15 22.70 18.54 30,738 27,845 23,425
Aug 28, 14 Last 10 Years 14.46 15.32 13.35 38,656 41,684 35,063
Sep 17, 04 Since Inception 16.69 16.40 16.02 217,870 207,238 194,234
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Roshi Jain, please
26 August 2024
HDFC Focused 30 Fund CATEGORY OF SCHEME
FOCUSED FUND
[An open ended equity scheme investing in maximum 30 stocks
in large-cap, mid-cap and small-cap category (i.e. Multi-Cap)]
Industry Allocation of Equity Holding Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
(% of Net Assets)
Banks 35.04 HDFC Focused • To generate long-term capital Modera
oderate High tely
30 Fund appreciation / income o M Modera
oderate High tely
Pharmaceuticals & Biotechnology 8.86 w t erate Hi
• Investments in equity & equity o M
w t erate Hi
Mo Lo
gh
d
IT - Software 7.52 related instruments of up to 30
Mo Lo
gh
BENCHMARK
d
Very
companies
High
Low
Automobiles 6.64 : NIFTY 500
Very
High
Low
4.76
Healthcare Services
Insurance 4.65 very high risk Investors understand that their principal will be at
very high risk
Leisure Services 3.35 Scheme and Benchmark Riskometer As on August 31, 2024
Realty 1.77
Beverages 1.23

0 10 20 30 40
August 2024 27
HDFC Business Cycle Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following business cycle based investing
theme)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles
through dynamic allocation between various sectors and stocks at different stages of business cycles. There is no assurance that the investment objective of the Scheme will
be achieved.
FUND MANAGER¥ PORTFOLIO

Rahul Baijal
(since November 30, 2022) Company Industry+ / Rating % to Company Industry+ / Rating % to
EQUITY & EQUITY RELATED KSB Ltd Industrial Products 0.55
• ICICI Bank Ltd. Banks 8.81 Cummins India Ltd. Industrial Products 0.48
DATE OF ALLOTMENT / INCEPTION DATE • Larsen and Toubro Ltd. Construction 7.26 ION EXCHANGE (INDIA) LIMITED Other Utilities 0.48
November 30, 2022 • HDFC Bank Ltd.£ Banks 6.91 Techno Electric & Engin.
• Bharti Airtel Ltd. Telecom - Services 6.28 Co. Ltd. Construction 0.47
• Tata Motors Ltd. Automobiles 4.29 SRF Ltd. Chemicals &
• Axis Bank Ltd. Petrochemicals 0.45
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Banks 3.86 Delhivery Limited
• Infosys Limited Transport Services 0.42
IT - Software 3.73 Bharti Hexacom Limited
Regular Plan - Growth Option 14.993 • Titan Company Ltd. Telecom - Services 0.40
Regular Plan - IDCW Option 14.993 Consumer Durables 3.13 Navin Fluorine International Chemicals &
Direct Plan - Growth Option 15.350 • Zomato Ltd Retailing 3.09 Ltd. Petrochemicals 0.39
Direct Plan - IDCW Option 15.350 • Indusind Bank Ltd. Banks 2.97 SAPPHIRE FOODS INDIA
Fortis Healthcare Limited Healthcare Services 2.31 LIMITED Leisure Services 0.39
ASSETS UNDER MANAGEMENT Kotak Mahindra Bank Limited Banks 2.29 Timken India Ltd. Industrial Products 0.33
As on August 31, 2024 Dabur India Ltd. Personal Products 2.21 Blue Dart Express Ltd. Transport Services 0.30
Ola Electric Mobility Limited Automobiles 2.06 Teamlease Services Ltd. Commercial Services &
` 3,150.02 Cr. Astral Limited Supplies 0.30
Average for Month of August 2024 Industrial Products 1.73
Cholamandalam Investment & Voltamp Transformers Ltd. Electrical Equipment 0.29
` 3,075.98 Cr. Finance Co. Ltd. Finance 1.71 EPACK DURABLE LIMITED Consumer Durables 0.28
MANKIND PHARMA LIMITED Pharmaceuticals & Grindwell Norton Ltd. Industrial Products 0.28
QUANTITATIVE DATA Biotechnology 1.61 CG Power and Industrial
Portfolio Turnover JNK India Limited Industrial Solutions Ltd. Electrical Equipment 0.26
Equity Turnover 31.48% Manufacturing 1.58 Emcure Pharmaceuticals Pharmaceuticals &
Total Turnover 31.48% AWFIS SPACE SOLUTIONS Commercial Services & Limited Biotechnology 0.26
Total Turnover = Equity + Debt + Derivative LIMITED Supplies 1.52 Kolte Patil Developers Limited Realty 0.25
Risk Ratio DLF LIMITED Realty 1.40 Premier Energies Limited Electrical Equipment 0.21
n Standard Deviation 10.575% Whirlpool of India Ltd. Consumer Durables 1.37 The Phoenix Mills Limited Realty 0.09
n Beta 0.694 MphasiS Limited. IT - Software 1.35 Unicommerce eSolutions
n Sharpe Ratio* 1.611 Crompton Greaves Consumer Limited IT - Software 0.08
Computed for the 3-yr period ended August 31, Elec. Ltd. Consumer Durables 1.25 Chalet Hotels Ltd. Leisure Services 0.06
2024. Based on month-end NAV. Brainbees Solutions Limited Sub Total
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) 93.18
(FirstCry) Retailing 1.20 UNITS ISSUED BY REIT & INVIT
For schemes which have not completed 3 years, JSW Energy Ltd. Power 1.08
data is computed since inception. Embassy Office Parks REIT Realty 2.06
Sun Pharmaceutical Industries Pharmaceuticals &
Ltd. Biotechnology 1.02 Sub Total 2.06
TOTAL EXPENSE RATIO (As on August 31, 2024) Aavas Financiers Ltd. (Formerly Cash,Cash Equivalents and Net Current Assets 4.76
Including Additional Expenses and Goods and Service known as Au Housing Finance Grand Total 100.00
Tax on Management Fees Ltd.) Finance 1.00 • Top Ten Holdings, £ Sponsor
Vedant Fashions Ltd Retailing 0.85
Regular: 1.94%Direct: 0.77% Aether Industries Ltd Chemicals &
Petrochemicals 0.83 Face Value per Unit: ` 10, + Industry Classification as
RHI MAGNESITA INDIA Limited Industrial Products 0.80 recommended by AMFI, Data is as of August 31, 2024 unless
#BENCHMARK INDEX: G R Infraprojects Limited Construction 0.76 otherwise specified.
NIFTY 500 (TRI) Hindalco Industries Ltd. Non - Ferrous Metals 0.76
##ADDL. BENCHMARK INDEX: PNC Infratech Ltd. Construction 0.73 ¥ Dedicated Fund Manager for Overseas Investments:
NIFTY 50 (TRI) Indraprastha Gas Ltd. Gas 0.70 Mr. Dhruv Muchhal (since June 22, 2023)
EXIT LOAD$$ : Limited Finance 0.68 (Total Experience: Over 10 years).
• In respect of each purchase/switch-in of units, an Exit Ceigall India Limited Construction 0.64
load of 1% is payable if units are redeemed/switched-
out within 1 year from the date of allotment. Siemens Ltd. Electrical Equipment 0.62 Please refer Minimum Application Amount, Plans & Options, on
• No Exit Load is payable if units are redeemed / SULA VINEYARDS LIMITED Beverages 0.62
switched-out after 1 year from the date of allotment. Page no. 101 to 103.
Westlife Foodworld Limited Leisure Services 0.58
Blue Jet Healthcare Limited Pharmaceuticals & $$For further details, please refer to para ‘Exit Load’ on page
Biotechnology 0.57 no. 104.

SIP SIP
Mkt Value As on August 30, 2024 (` in Lacs) 2.91 1.42
Returns (%) 32.53 36.38
Benchmark Returns (%) # 36.92 42.69
PERFORMANCE^
(`)##
Aug 31, 23 Last 1 Year 35.06 41.58 32.64 13,506 14,158 13,264
Nov 30, 22 Since Inception 26.03 26.72 19.87 14,993 15,138 13,734
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Rahul Baijal, please
28 August 2024
HDFC Business Cycle Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following business cycle based investing
theme)

(% of Net Assets)
Banks 24.84
Construction 9.86
Automobiles 6.35
IT - Software 5.16
Retailing 5.14
Finance 3.39
Realty 1.74
Power 1.08
Gas 0.70
Beverages 0.62
Other Utilities 0.48
0 10 20 30

HDFC Business • to generate long-term

rate Moderately
Mode High
rate Moderately
Cycle Fund capital appreciation/ o
income o
w t erate Hi
Mo Lo
gh
d
• investment predominantly
Mo Lo
BENCHMARK : NIFTY gh
d
Very

High
Low
500 (TRI)
Very
High
Low
instruments of business
RISKOMETER
cycle based theme RISKOMETER
very high risk
August 2024 29
HDFC Transportation and Logistics Fund CATEGORY OF SCHEME
(An open-ended equity scheme investing in Transportation and THEMATIC FUND
Logistics themed companies)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities under Transportation and Logistics
theme. There is no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Priya Ranjan Company Industry+ / Rating % to Company Industry+ / Rating % to
(since August 17, 2023) NAV NAV
Total Experience: Over 16 years EQUITY & EQUITY RELATED Le Travenues Technology
• Tata Motors Ltd. Automobiles 8.89 Limited Leisure Services 0.92
• Mahindra & Mahindra Ltd. Automobiles 7.83 JK Tyre & Industries Limited Auto Components 0.89
DATE OF ALLOTMENT / INCEPTION DATE
• Eicher Motors Ltd. Automobiles 7.38 SHARDA MOTOR INDUSTRIES
August 17, 2023 LIMITED Auto Components 0.86
• Maruti Suzuki India Limited Automobiles 6.92
• Zomato Ltd Retailing 6.10
LG Balakrishnan & Bros Ltd. Auto Components 0.77
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Bajaj Auto Limited Automobiles 5.97
Regular Plan - Growth Option 16.540 HAPPY FORGINGS LIMITED Industrial Products 0.67
• InterGlobe Aviation Ltd. Transport Services 5.89
Regular Plan - IDCW Option 16.540 Popular Vehicles and Services
Direct Plan - Growth Option 16.750 • Ola Electric Mobility Limited Automobiles 5.17 Limited Automobiles 0.43
Direct Plan - IDCW Option 16.750 • Bosch Limited Auto Components 4.67 VRL Logistics Ltd. Transport Services 0.39
• Balkrishna Industries Ltd. Auto Components 4.11 FIEM INDUSTRIES LIMITED Auto Components 0.11
ASSETS UNDER MANAGEMENT CIE Automotive India Ltd Auto Components 3.22 Sub Total 97.35
As on August 31, 2024 SKF India Ltd. Industrial Products 3.02 Cash,Cash Equivalents and Net Current Assets 2.65
` 1,344.49 Cr. ESCORTS LTD. Agricultural, Commercial Grand Total 100.00
Average for Month of August 2024 & Construction Vehicles 2.87
` 1,305.63 Cr. Schaeffler India Ltd. Auto Components 2.49 • Top Ten Holdings
Suprajit Engineering Ltd. Auto Components 2.34
QUANTITATIVE DATA Face Value per Unit: ` 10, + Industry Classification as
Portfolio Turnover Adani Ports & Special
Economic Zone Transport Infrastructure 2.20 recommended by AMFI, Data is as of August 31, 2024 unless
Equity Turnover 31.37% otherwise specified.
Total Turnover 31.37% Timken India Ltd. Industrial Products 2.15
Total Turnover = Equity + Debt + Derivative Varroc Engineering Limited Auto Components 1.90 ¥ Dedicated Fund Manager for Overseas Investments:
Apollo Tyres Ltd. Auto Components 1.89 Mr. Dhruv Muchhal (since August 17, 2023)
TOTAL EXPENSE RATIO (As on August 31, 2024) Endurance Technologies Ltd. Auto Components 1.85 (Total Experience: Over 10 years).
Including Additional Expenses and Goods and Service Gabriel India Ltd. Auto Components 1.84 Please refer Minimum Application Amount, Plans & Options, on
Tax on Management Fees
Blue Dart Express Ltd. Transport Services 1.44 Page no. 101 to 103.
Regular: 2.17%Direct: 0.94% Sundram Fasteners Ltd. Auto Components 1.38 $$For further details, please refer to para ‘Exit Load’ on page
no. 104.
#BENCHMARK INDEX:
NIFTY Transportation & Logistics Index (TRI)
##ADDL. BENCHMARK INDEX: SIP PERFORMANCE ^ - Regular Plan - Growth Option
NIFTY 50 (TRI) Since Inception 1 year
SIP SIP
EXIT LOAD$$ : Total Amount Invested (` in Lacs) 1.30 1.20
• In respect of each purchase/switch-in of units, an Exit
load of 1% is payable if units are redeemed/switched- Mkt Value As on August 30, 2024 (` in Lacs) 1.76 1.59
out within 30 days from the date of allotment. Returns (%) 65.30 65.86
• No Exit Load is payable if units are redeemed /
switched-out after 30 days from the date of allotment. Benchmark Returns (%) # 67.63 67.59
(% of Net Assets) PERFORMANCE^
Scheme Benchmark AdditionalValue of ` 10,000 invested
Automobiles 42.59 (%) ## (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 63.20 68.21 32.64 16,320 16,821 13,264
Auto Components 28.32 Aug 17, 23 Since Inception 62.35 67.85 30.60 16,540 17,122 13,194
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Priya Ranjan, please
Transport Services 7.72 refer page 109 to 115.

6.10
Retailing
HDFC • To generate long-term

Agricultural, Commercial & Construction Vehicles 2.87 rate Moderately
Transportation capital appreciation o Mode High Modera
and Logistics w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
Transport Infrastructure 2.20 Fund

d
Very
instruments of companies
High
Low
Very
High
Low
under Transportation and

BENCHMARK : Nifty RISKOMETER
Leisure Services 0.92 Logistics theme RISKOMETER
Transportation & Investors understand that their principal will be at
Logistics Index (TRI) very high risk Investors understand that their principal will be at
0 10 20 30 40 50 very high risk
30 August 2024
HDFC Defence Fund CATEGORY OF SCHEME
SECTORAL FUND
(An open-ended equity scheme investing in Defence & allied sector
companies)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Defence & allied sector companies
FUND MANAGER¥
Abhishek Poddar PORTFOLIO
NAV NAV
EQUITY & EQUITY RELATED DEE Development Engineers Industrial
DATE OF ALLOTMENT / INCEPTION DATE • Bharat Electronics Ltd. Aerospace & Defense 19.03 Limited Manufacturing 1.06
June 02, 2023 • Hindustan Aeronautics Limited Aerospace & Defense 17.28 Rishabh instruments Limited Electrical Equipment 0.97
• CYIENT DLM LIMITED Industrial Bansal Wire Industries Limited Industrial Products 0.86
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Manufacturing 8.09 IDEAFORGE TECHNOLOGY
Regular Plan - Growth Option 22.334 • Solar Industries India Ltd. Chemicals & LIMITED Aerospace & Defense 0.58
Regular Plan - IDCW Option 22.334 Petrochemicals 7.78 Sub Total 94.99
Direct Plan - Growth Option 22.681 • Astra Microwave Products Ltd. Aerospace & Defense 7.13
Direct Plan - IDCW Option 22.681 Cash,Cash Equivalents and Net Current Assets 5.01
• BEML Limited Agricultural, Grand Total 100.00
Commercial &
ASSETS UNDER MANAGEMENT Construction Vehicles 6.84 • Top Ten Holdings
As on August 31, 2024
` 3,952.35 Cr. • Premier Explosives Ltd. Chemicals &
Petrochemicals 5.68 Face Value per Unit: ` 10, + Industry Classification as
Average for Month of August 2024
recommended by AMFI, Data is as of August 31, 2024 unless
` 3,846.12 Cr. • MTAR Technologies Limited Aerospace & Defense 4.07
• Larsen and Toubro Ltd. Construction 3.44
QUANTITATIVE DATA
Portfolio Turnover • InterGlobe Aviation Ltd. Transport Services 3.24 ¥ Dedicated Fund Manager for Overseas Investments:
Equity Turnover 28.96% Power Mech Projects Ltd. Construction 2.02 Mr. Dhruv Muchhal (since June 22, 2023)
Total Turnover 28.96% (Total Experience: Over 10 years).
Total Turnover = Equity + Debt + Derivative Avalon Technologies Limited Electrical Equipment 1.56
Risk Ratio JNK India Limited Industrial
n Standard Deviation 22.423% Manufacturing 1.53 Please refer Minimum Application Amount, Plans & Options, on
n Beta 0.740
n Sharpe Ratio* The Anup Engineering Limited Industrial Page no. 101 to 103.
2.887
Computed for the 3-yr period ended August 31, Manufacturing 1.44 $$For further details, please refer to para ‘Exit Load’ on page
2024. Based on month-end NAV. Adani Energy Solutions Limited Power 1.25 no. 104.
* Risk free rate: 6.80% (Source: FIMMDA MIBOR)
For schemes which have not completed 3 years, Techno Electric & Engin.
data is computed since inception. Co. Ltd. Construction 1.14
TOTAL EXPENSE RATIO (As on August 31, 2024)

Including Additional Expenses and Goods and Service
Tax on Management Fees SIP PERFORMANCE ^ - Regular Plan - Growth Option
Regular: 1.89%Direct: 0.72% SIP SIP
#BENCHMARK INDEX: Mkt Value As on August 30, 2024 (` in Lacs) 2.34 1.69
Nifty India Defence Index TRI (Total Returns Index) Returns (%) 87.84 84.21
##ADDL. BENCHMARK INDEX: Benchmark Returns (%) # 122.17 118.53
NIFTY 50 (TRI) Additional Benchmark Returns (%) ## 32.00 34.34
EXIT LOAD$$ : accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
• In respect of each purchase/switch-in of units, an Exit simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
load of 1% is payable if units are redeemed/switched-
out within 1 year from the date of allotment.
• No Exit Load is payable if units are redeemed / PERFORMANCE^
switched-out after 1 year from the date of allotment. Scheme Benchmark Additional Value of ` 10,000 invested
Industry Allocation of Equity Holding (%) ## (`)# Benchmark
(`)##
(% of Net Assets) Aug 31, 23 Last 1 Year 87.35 116.91 32.64 18,735 21,691 13,264
Aerospace & Defense 48.09 Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Abhishek Poddar,
please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan
under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct
Chemicals & Petrochemicals 13.46 Plan, refer page 109 to 115.
Industrial Manufacturing 12.12 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
Construction 6.60
HDFC Defence • To generate long-term

rate Moderately
Fund capital appreciation/income o Mode High Modera
w t erate Hi
Mo Lo
gh

d

Mo Lo
gh
BENCHMARK : Nifty
d
Very
instruments of defence and

High
Low
India Defence Index

Very
High
Low
Power 1.25 allied sector companies.

TRI (Total Returns RISKOMETER
Industrial Products 0.86 very high risk Investors understand that their principal will be at
very high risk
0 10 20 30 40 50 ~ Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
August 2024 31
HDFC Banking & Financial Services Fund CATEGORY OF SCHEME
(An open ended equity scheme investing in Banking and Financial SECTORAL FUND
Services Sector)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking
and financial services. There is no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Anand Laddha Company Industry+ % to Company Industry+ % to
(since July 1, 2021) NAV NAV
EQUITY & EQUITY RELATED Repco Home Finance Ltd. Finance 0.96
• HDFC Bank Ltd.£ Banks 20.31 FUSION MICRO FINANCE
DATE OF ALLOTMENT / INCEPTION DATE LIMITED Finance 0.94
• ICICI Bank Ltd. Banks 17.51
July 1, 2021 DCB Bank Limited Banks 0.89
• State Bank of India Banks 6.31
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) HDFC Life Insurance Company
Regular Plan - Growth Option 15.772 • Power Finance Corporation Ltd. Finance 3.49 Limited Insurance 0.82
Regular Plan - IDCW Option 14.931 • SBI Life Insurance Company Ltd. Insurance 3.20
Direct Plan - Growth Option 16.578 Medi Assist Healthcare Services
Direct Plan - IDCW Option 15.732 • Indusind Bank Ltd. Banks 3.03 Limited Insurance 0.67
• Five-Star Business Finance Indian Bank Banks 0.63
ASSETS UNDER MANAGEMENT J Limited Finance 2.98
As on August 31, 2024 KFin Technologies Ltd Capital Markets 0.42
` 3,618.22 Cr. • CanFin Homes Ltd. Finance 2.39 Sub Total 98.81
Average for Month of August 2024 • Bajaj Finance Ltd. Finance 2.29 Cash,Cash Equivalents and Net Current Assets 1.19
` 3,524.22 Cr.
Kotak Mahindra Bank Limited Banks 2.19 Grand Total 100.00
QUANTITATIVE DATA
Central Depository Services • Top Ten Holdings, £ Sponsor
Portfolio Turnover (India) Ltd. Capital Markets 2.09
Equity Turnover 21.08%
Total Turnover 21.08% Equitas Small Finance Bank Ltd Banks 2.06 Face Value per Unit: ` 10, + Industry Classification as
Total Turnover = Equity + Debt + Derivative
SBFC Finance Ltd Finance 2.03 recommended by AMFI, Data is as of August 31, 2024 unless
Risk Ratio otherwise specified.
n Standard Deviation 14.778% PB FINTECH LIMITED (Policy Financial Technology
n Beta 0.953 Bazaar) (Fintech) 1.84
n Sharpe Ratio*
0.516
Computed for the 3-yr period ended August 31, LIC Housing Finance Ltd. Finance 1.80 Mr. Dhruv Muchhal (since June 22, 2023)
2024. Based on month-end NAV. (Total Experience: Over 10 years).
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) ICICI Lombard General
For schemes which have not completed 3 years, Insurance Co Insurance 1.78 J Includes investments made by the schemes of HDFC Mutual Fund
data is computed since inception. aggregating to ` 44.66 Crores.
Karur Vysya Bank Ltd. Banks 1.77 Please refer Minimum Application Amount, Plans & Options, on
Au Small Finance Bank Ltd. Banks 1.74 Page no. 101 to 103.
Including Additional Expenses and Goods and Service Shriram Finance Ltd. Finance 1.64 $$For further details, please refer to para ‘Exit Load’ on page
Tax on Management Fees no. 104.
Aavas Financiers Ltd. (Formerly
Regular: 1.89%Direct: 0.63% known as Au Housing Finance
Ltd.) Finance 1.61
#BENCHMARK INDEX: Max Financial Services Ltd. Insurance 1.34
NIFTY Financial Services (Total Return Index) Mahindra & Mahindra
##ADDL. BENCHMARK INDEX: Financial Services Ltd. Finance 1.22
NIFTY 50 (Total Returns Index)
PNB Housing Finance Ltd. Finance 1.05
EXIT LOAD$$ :
• In respect of each purchase/switch in of units, an Exit
load of 1% is payable if units are redeemed/switched out
within 30 daysfrom the date of allotment.
• No Exit Load is payable if units are redeemed/switched-
out aft er 30 days from the date of allotment.
Since Inception 3 year 1 year
SIP SIP SIP
Total Amount Invested (` in Lacs) 3.80 3.60 1.20
Mkt Value As on August 30, 2024 (` in Lacs) 5.19 4.87 1.35
Returns (%) 20.14 20.70 24.48
Benchmark Returns (%) # 15.77 16.08 24.77
Additional Benchmark Returns (%) ## 21.22 21.70 34.34

(`)##
Aug 31, 23 Last 1 Year 25.20 21.83 32.64 12,520 12,183 13,264
Aug 31, 21 Last 3 Years 14.24 10.40 15.17 14,907 13,454 15,274
Jul 01, 21 Since Inception 15.47 13.32 17.64 15,772 14,861 16,727
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Anand Laddha, please
32 August 2024
HDFC Banking & Financial Services Fund CATEGORY OF SCHEME
(An open ended equity scheme investing in Banking and Financial SECTORAL FUND
Services Sector)

(% of Net Assets)
Banks 64.25
Finance 22.40
Insurance 7.81
Financial Technology (Fintech) 1.84
0 10 20 30 40 50 60 70

HDFC • To generate long-term capital

appreciation/income rate Moderately
Banking &
o Mode High Modera
• Investment predominantly w t erate Hi oderate High tely
Financial o M
w t erate Hi
Mo Lo
gh

d
Services Fund
Mo Lo
gh
instruments of banking and
d
Very
High
Low
financial services companies

Very
High
Low
BENCHMARK :
RISKOMETER
NIFTY Financial RISKOMETER
Services (Total very high risk Investors understand that their principal will be at
Return Index) very high risk
August 2024 33
HDFC Technology Fund CATEGORY OF SCHEME
(An open-ended equity scheme investing in Technology & technology SECTORAL FUND
related companies)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Technology & technology related
companies There is no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Balakumar B Company Industry+ % to Company Industry+ % to
(since September 8, 2023) NAV NAV
EQUITY & EQUITY RELATED Redington Ltd. Commercial Services &
Supplies 1.03
DATE OF ALLOTMENT / INCEPTION DATE Indus Towers Limited Telecom - Services 0.84
• Tata Consultancy Services Ltd. IT - Software 15.79
September 8, 2023 Tata Communications Limited Telecom - Services 0.71
• Bharti Airtel Ltd. Telecom - Services 10.19
Affle (India) Ltd IT - Services 0.55
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • HCL Technologies Ltd. IT - Software 8.32
Regular Plan - Growth Option 14.348 PVR LIMITED Entertainment 0.49
• MphasiS Limited. IT - Software 4.78
Regular Plan - IDCW Option 14.348 Zee Entertainment Enterprises
Direct Plan - Growth Option 14.522 • Firstsource Solutions Ltd. Commercial Services & Ltd. Entertainment 0.47
Direct Plan - IDCW Option 14.522 Supplies 3.87
• Tech Mahindra Ltd. IT - Software 3.63
ASSETS UNDER MANAGEMENT Sub Total 96.95
As on August 31, 2024 • Zomato Ltd Retailing 3.30
` 1,319.94 Cr. Cash,Cash Equivalents and Net Current Assets 3.05
Average for Month of August 2024 • INFO EDGE (INDIA) LIMITED Retailing 3.20
` 1,238.76 Cr. Grand Total 100.00
• Bharti Hexacom Limited Telecom - Services 2.77
• Top Ten Holdings
QUANTITATIVE DATA Zensar Technologies Ltd. IT - Software 2.62
Risk Ratio Coforge Limited IT - Software 2.46 Face Value per Unit: ` 10, + Industry Classification as
n Standard Deviation 18.123% recommended by AMFI, Data is as of August 31, 2024 unless
n Beta
Sonata Software Ltd. IT - Software 2.18
0.926 otherwise specified.
n Sharpe Ratio* 1.991 Brainbees Solutions Limited
Computed for the 3-yr period ended August 31, (FirstCry) Retailing 2.04 ¥ Dedicated Fund Manager for Overseas Investments:
2024. Based on month-end NAV. Mr. Dhruv Muchhal (since September 8, 2023)
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) eClerx Services Limited Commercial Services & (Total Experience: Over 10 years).
Supplies 2.02
For schemes which have not completed 3 years,
data is computed since inception. LTIMindtree Limited IT - Software 1.91 Please refer Minimum Application Amount, Plans & Options, on
PB FINTECH LIMITED (Policy Financial Technology
Bazaar) (Fintech) 1.29 $$For further details, please refer to para ‘Exit Load’ on page
TOTAL EXPENSE RATIO (As on August 31, 2024) no. 104.
Including Additional Expenses and Goods and Service Wipro Ltd. IT - Software 1.25
Regular: 2.18%Direct: 0.97% Unicommerce eSolutions
Limited IT - Software 1.18
Birlasoft Limited IT - Software 1.05
#BENCHMARK INDEX:
BSE Teck Index (TRI)
NIFTY 50 (TRI)
PERFORMANCE^
EXIT LOAD$$ : Scheme Benchmark Additional Value of ` 10,000 invested
• In respect of each purchase/switch-in of units, an Exit Returns Returns Benchmark
load of 1% is payable if units are redeemed/switched-out
within 30 days from the date of allotment. (`)##
• No Exit Load is payable if units are redeemed / switched-
out after 30 days from the date of allotment. Feb 29, 24 Last 6 Months 44.91 37.71 31.44 12,252 11,891 11,576
Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. However,
such returns may not be representative. Absolute returns of the Scheme for the 6 month period is 22.52%. For performance of other schemes
managed by Balakumar B, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The
expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular
Industry Allocation of Equity Holding Plan. For Performance of Direct Plan, refer page 109 to 115.
(% of Net Assets)
IT - Software 64.00
Retailing HDFC Technology • To generate long-term Modera

oderate High tely
8.54
Fund capital appreciation o M rate Moderately
w t erate Hi
Mo Lo
gh
d
Commercial Services & Supplies 6.92 in equity & equity related

Mo Lo
gh
BENCHMARK : BSE
d
Very
instruments of Technology
High
Low
Teck Index (TRI)

Very
High
Low

& technology related
RISKOMETER
companies RISKOMETER
Entertainment 0.96 very high risk
IT - Services 0.73 Scheme and Benchmark Riskometer As on August 31, 2024
0 10 20 30 40 50 60 70
34 August 2024
HDFC Pharma and Healthcare Fund CATEGORY OF SCHEME
(An open-ended equity scheme investing in Pharma and healthcare SECTORAL FUND
companies)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities of Pharma and healthcare
companies. There is no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
FUND MANAGER ¥
Nikhil Mathur Company Industry+ % to Company Industry+ % to
(since October 4, 2023) NAV NAV
EQUITY & EQUITY RELATED Jubilant Pharmova Limited Pharmaceuticals &
Biotechnology 1.78
DATE OF ALLOTMENT / INCEPTION DATE • Sun Pharmaceutical Industries Pharmaceuticals &
Ltd. Biotechnology 11.63 Alkem Laboratories Ltd. Pharmaceuticals &
October 4, 2023 Biotechnology 1.75
• Divis Laboratories Ltd. Pharmaceuticals &
Biotechnology 7.55 Max Healthcare Institute
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Limited Healthcare Services 1.71
Regular Plan - Growth Option 15.735 • Cipla Ltd. Pharmaceuticals &
Regular Plan - IDCW Option 15.735 Biotechnology 5.54 Suven Pharmaceuticals Limited Pharmaceuticals &
Direct Plan - Growth Option 15.912 Biotechnology 1.71
Direct Plan - IDCW Option 15.912 • Dr Reddys Laboratories Ltd. Pharmaceuticals &
Biotechnology 5.41 AMI Organics Ltd Pharmaceuticals &
Biotechnology 1.52
ASSETS UNDER MANAGEMENT • Lupin Ltd. Pharmaceuticals &
As on August 31, 2024 Biotechnology 4.78 Emcure Pharmaceuticals Pharmaceuticals &
` 1,169.59 Cr. • Aurobindo Pharma Ltd. Pharmaceuticals &
Limited Biotechnology 1.20
Average for Month of August 2024 Biotechnology 4.57 Dr. Lal Path Labs Ltd Healthcare Services 0.79
` 1,088.59 Cr.
• Ajanta Pharma Limited Pharmaceuticals & MedPlus Health Services
QUANTITATIVE DATA Biotechnology 3.91 Limited Retailing 0.79
Risk Ratio
n Standard Deviation 14.345% • Gland Pharma Ltd. Pharmaceuticals & Unichem Laboratories Ltd. Pharmaceuticals &
n Beta 0.677 Biotechnology 3.75 Biotechnology 0.75
n Sharpe Ratio* 3.597
Computed for the 3-yr period ended August 31, • Krishna Institute Of Medical Sub Total 97.72
2024. Based on month-end NAV. Sciences Limited Healthcare Services 3.57
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Cash,Cash Equivalents and Net Current Assets 2.28
• Ipca Laboratories Ltd. Pharmaceuticals &
For schemes which have not completed 3 years, Biotechnology 3.33 Grand Total 100.00
data is computed since inception.
Zydus Lifesciences Limited Pharmaceuticals & • Top Ten Holdings
Biotechnology 3.23
TOTAL EXPENSE RATIO (As on August 31, 2024) Face Value per Unit: ` 10, + Industry Classification as
Including Additional Expenses and Goods and Service Eris Lifesciences Ltd Pharmaceuticals &
Tax on Management Fees Biotechnology 3.10 recommended by AMFI, Data is as of August 31, 2024 unless
Regular: 2.21%Direct: 0.98% Aster DM Healthcare Limited Healthcare Services 3.08
Glenmark Pharmaceuticals Ltd. Pharmaceuticals &
Biotechnology 2.92 Mr. Dhruv Muchhal (since October 4, 2023)
#BENCHMARK INDEX: (Total Experience: Over 10 years).
BSE Healthcare Index (TRI) PIRAMAL PHARMA LTD Pharmaceuticals &
##ADDL. BENCHMARK INDEX: Biotechnology 2.84
NIFTY 50 (TRI) Please refer Minimum Application Amount, Plans & Options, on
VIJAYA DIAGNOSTIC CENTRE LTD. Healthcare Services 2.68 Page no. 101 to 103.
EXIT LOAD$$ : Fortis Healthcare Limited Healthcare Services 2.51
no. 104.
• In respect of each purchase/switch-in of units, an Exit
load of 1% is payable if units are redeemed/switched-out Pfizer Ltd. Pharmaceuticals &
within 30 days from the date of allotment. Biotechnology 2.40
• No Exit Load is payable if units are redeemed / switched-
out after 30 days from the date of allotment. Thyrocare Technologies Ltd. Healthcare Services 2.37
Torrent Pharmaceuticals Ltd. Pharmaceuticals &
Biotechnology 2.26
Metropolis Healthcare Ltd. Healthcare Services 2.21
Wockhardt Ltd. Pharmaceuticals &
Biotechnology 2.08
PERFORMANCE^
(`)##
Feb 29, 24 Last 6 Months 53.99 46.91 31.44 12,707 12,352 11,576
Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. However,
such returns may not be representative. Absolute returns of the Scheme for the 6 month period is 27.07%. For performance of other schemes
managed by Nikhil Mathur, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The
expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular
Plan. For Performance of Direct Plan, refer page 109 to 115.
August 2024 35
HDFC Pharma and Healthcare Fund CATEGORY OF SCHEME
(An open-ended equity scheme investing in Pharma and healthcare SECTORAL FUND
companies)

(% of Net Assets)
Retailing 0.79
0 20 40 60 80

HDFC Pharma • To generate long-term Modera

oderate High tely
and Healthcare capital appreciation o M Modera
oderate High tely
w t erate Hi
Fund w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
d
Very
instruments of Pharma and

High
Low
BENCHMARK : BSE
Very
High
Low
Healthcare Index healthcare companies.

RISKOMETER
(TRI) Investors understand that their principal will be at RISKOMETER
very high risk
36 August 2024
HDFC Housing Opportunities Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following housing and allied activities
theme)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and/or expected
to benefit from the growth in housing and its allied business activities. There is no assurance that the investment objective of the Scheme will be achieved.

Srinivasan Ramamurthy
(since January 12, 2024) Company Industry+ % to Company Industry+ % to
EQUITY & EQUITY RELATED Bajaj Electricals Ltd. Consumer Durables 0.93
DATE OF ALLOTMENT / INCEPTION DATE • ICICI Bank Ltd. Banks 7.65 Indraprastha Gas Ltd. Gas 0.89
December 6, 2017 • HDFC Bank Ltd.£ Banks 7.46 CanFin Homes Ltd. Finance 0.84
• Larsen and Toubro Ltd. Construction 7.19 R R KABEL LIMITED Industrial Products 0.76
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • NTPC Limited Power 7.00 Orient Cement Ltd. Cement & Cement
Regular Plan - Growth Option 24.087 Products 0.61
Regular Plan - IDCW Option 18.804 • Ambuja Cements Ltd. Cement & Cement
Direct Plan - Growth Option 25.806 Products 6.79 Gujarat Gas Ltd. Gas 0.59
Direct Plan - IDCW Option 20.451 • Prestige Estates Projects Ltd. Realty 6.69 Kajaria Ceramics Ltd. Consumer Durables 0.45
ASSETS UNDER MANAGEMENT • State Bank of India Banks 4.75 SBI CARDS AND PAYMENT
• Kalpataru Projects International SERVICES LIMITED Finance 0.35
` 1,545.84 Cr. Ltd Construction 4.36 Aavas Financiers Ltd. (Formerly
Average for Month of August 2024 • UltraTech Cement Limited Cement & Cement known as Au Housing Finance
Ltd.) Finance 0.26
` 1,523.82 Cr. Products 3.73
• Electronics Mart India Ltd Retailing 3.50 Sub Total 98.57
QUANTITATIVE DATA UNITS ISSUED BY REIT & INVIT
Portfolio Turnover Tata Steel Ltd. Ferrous Metals 3.50
Equity Turnover 7.44% Ashoka Buildcon Ltd. Construction 3.32 POWERGRID Infrastructure
Total Turnover 7.44% Investment Trust Power @
Total Turnover = Equity + Debt + Derivative Axis Bank Ltd. Banks 3.04 Sub Total @
Risk Ratio AkzoNobel India Ltd. Consumer Durables 2.83
n Standard Deviation 15.088% Cash,Cash Equivalents and Net Current Assets 1.43
n Beta 0.780 Crompton Greaves Consumer Grand Total 100.00
n Sharpe Ratio* 1.071 Elec. Ltd. Consumer Durables 2.05
Computed for the 3-yr period ended August 31, • Top Ten Holdings, £ Sponsor, @ Less than 0.01%.
2024. Based on month-end NAV. Birla Corporation Ltd. Cement & Cement
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Products 1.93
For schemes which have not completed 3 years, Repco Home Finance Ltd. Finance 1.83 Face Value per Unit: ` 10, + Industry Classification as
data is computed since inception. recommended by AMFI, Data is as of August 31, 2024 unless
Asian Paints Limited Consumer Durables 1.82
TOTAL EXPENSE RATIO (As on August 31, 2024) Symphony Ltd. Consumer Durables 1.63
Including Additional Expenses and Goods and Service ¥ Dedicated Fund Manager for Overseas Investments:
Tax on Management Fees Hindalco Industries Ltd. Non - Ferrous Metals 1.59
Finolex Cables Ltd. Industrial Products 1.53
Regular: 2.17%Direct: 1.20% (Total Experience: Over 10 years).
Whirlpool of India Ltd. Consumer Durables 1.53 Please refer Minimum Application Amount, Plans & Options, on
#BENCHMARK INDEX: Macrotech Developers Limited Realty 1.46 Page no. 101 to 103.
NIFTY Housing (Total Returns Index) Kolte Patil Developers Limited Realty 1.42 $$For further details, please refer to para ‘Exit Load’ on page
##ADDL. BENCHMARK INDEX: PNC Infratech Ltd. Construction 1.12 no. 104.
NIFTY 50 (Total Returns Index)
Shriram Properties Limited Realty 1.12
EXIT LOAD$$ : Dilip Buildcon Ltd. Construction 1.08
• In respect of each purchase/switch in of units, an Exit
load of 1% is payable if units are redeemed/switched out Bank of Baroda Banks 0.97
within 30 daysfrom the date of allotment.
• No Exit Load is payable if units are redeemed/switched-
out aft er 30 days from the date of allotment. The date of inception/allotment of HDFC Housing opportunities Fund is December 6, 2017. The Scheme was launched as a close
ended thematic Equity Scheme. The Scheme has been converted into open-ended scheme on January 19, 2021.
Since Inception 5 year 3 year 1 year
SIP SIP SIP SIP
Total Amount Invested (` in Lacs) 8.10 6.00 3.60 1.20
Mkt Value As on August 30, 2024 (` in Lacs) 17.82 12.46 5.86 1.46
Returns (%) 23.05 29.73 34.37 42.22
Benchmark Returns (%) # 21.36 25.18 24.14 32.23
Additional Benchmark Returns (%) ## 18.84 21.52 21.70 34.34

(`)##
Aug 31, 23 Last 1 Year 49.54 38.14 32.64 14,954 13,814 13,264
Aug 31, 21 Last 3 Years 24.20 17.47 15.17 19,158 16,211 15,274
Aug 30, 19 Last 5 Years 22.39 22.68 19.37 27,497 27,820 24,262
Returns greater than 1 year period are compounded annualized (CAGR).For performance of other schemes managed by Srinivasan Ramamurthy,
Plan, refer page 109 to 115.
August 2024 37
HDFC Housing Opportunities Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following housing and allied activities
theme)

(% of Net Assets)
Banks 23.87
Construction 17.07
Realty 10.69
Power 7.00
Retailing 3.50
Ferrous Metals 3.50
Finance 3.28
Gas 1.48
0 10 20 30

HDFC Housing • Capital appreciation over long

Modera
Opportunities term oderate High tely
o M rate Moderately
• Investment predominantly w t erate Hi Mode High
Fund o
w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
d
instruments of entities engaged

Very
High
Low
BENCHMARK :
Very
in and/ or expected to benefit

High
Low
NIFTY Housing
from the growth in housing and RISKOMETER
its allied business activities Investors understand that their principal will be at
very high risk
38 August 2024
HDFC Infrastructure Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following infrastructure theme)
INVESTMENT OBJECTIVE : To seek long-term capital appreciation/income by investing predominantly in equity and equity related securities of companies engaged in or
expected to benefit from the growth and development of infrastructure. There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
Srinivasan Ramamurthy PORTFOLIO
(since January 12, 2024)
NAV NAV
EQUITY & EQUITY RELATED Timken India Ltd. Industrial Products 0.68
DATE OF ALLOTMENT / INCEPTION DATE • ICICI Bank Ltd. Banks 6.22 CanFin Homes Ltd. Finance 0.67
March 10, 2008 • J.Kumar Infraprojects Ltd. Construction 4.97 Ikio Lighting Limited Consumer Durables 0.67
• HDFC Bank Ltd.£ Banks 4.46 Ceigall India Limited Construction 0.61
• Larsen and Toubro Ltd. Construction 3.90 Five-Star Business Finance Limited Finance 0.59
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Kalpataru Projects International Ltd Construction 3.67 Bharat Electronics Ltd. Aerospace & Defense 0.58
Regular Plan - Growth Option 49.537 • Coal India Ltd. Consumable Fuels 3.48 Tamilnadu Newsprint & Papers Ltd. Paper, Forest & Jute
Regular Plan - IDCW Option 23.055 • NTPC Limited Power 3.38 Products 0.58
Direct Plan - Growth Option 54.284 • Bharti Airtel Ltd. Telecom - Services 3.09 Dynamatic Technologies Ltd. Industrial Manufacturing 0.56
Direct Plan - IDCW Option 35.021 • Reliance Industries Ltd. Petroleum Products 2.94 Carborundum Universal Ltd. Industrial Products 0.50
• InterGlobe Aviation Ltd. Transport Services 2.41 Dilip Buildcon Ltd. Construction 0.41
ASSETS UNDER MANAGEMENT G R Infraprojects Limited Construction 2.28 ZF Commercial Vehicle Control
As on August 31, 2024 State Bank of India Banks 2.24 Systems India Ltd Auto Components 0.38
` 2,567.79 Cr. INOX Wind Ltd Electrical Equipment 2.15 Cholamandalam Investment &
Average for Month of August 2024 Axis Bank Ltd. Banks 2.06 Finance Co. Ltd. Finance 0.37
` 2,504.73 Cr. TD Power Systems Ltd. Electrical Equipment 1.83 Voltamp Transformers Ltd. Electrical Equipment 0.36
Premier Explosives Ltd. Chemicals & Centum Electronics Ltd. Industrial Manufacturing 0.35
QUANTITATIVE DATA Petrochemicals 1.76 Simplex Infrastructures Limited Construction 0.34
Portfolio Turnover Ambuja Cements Ltd. Cement & Cement Inox India Limited Industrial Products 0.33
Equity Turnover 13.34% Products 1.68 SBI CARDS AND PAYMENT SERVICES
Total Turnover 13.34% Apollo Hospitals Enterprise Ltd. Healthcare Services 1.62 LIMITED Finance 0.22
Total Turnover = Equity + Debt + Derivative Gujarat Pipavav Port Ltd. Transport Infrastructure 1.55 Rishabh instruments Limited Electrical Equipment 0.21
Risk Ratio Power Finance Corporation Ltd. Finance 1.50 Indian Bank Banks 0.15
n Standard Deviation 15.842% Sadbhav Infrastructure Project Ltd.
Hindustan Aeronautics Limited Aerospace & Defense 1.46
n Beta 0.589 Gujarat State Petronet Ltd. Gas 1.38 (Corporate Guarantee of Sadbhav
n Sharpe Ratio* 1.668 ACC Ltd. Cement & Cement Engineering Ltd.) Construction 0.03
Computed for the 3-yr period ended August 31, Sub Total 89.58
2024. Based on month-end NAV. Products 1.36
Paradeep Phosphates Limited Fertilizers & Agrochemicals 1.36 UNITS ISSUED BY REIT & INVIT
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Embassy Office Parks REIT Realty 1.06
Delhivery Limited Transport Services 1.31
For schemes which have not completed 3 years, Indraprastha Gas Ltd. Gas 1.29 Nexus Select Trust REIT Realty 0.81
data is computed since inception. Sub Total 1.87
Ashoka Buildcon Ltd. Construction 1.21
Petronet LNG Ltd. Gas 1.14 Cash,Cash Equivalents and Net Current Assets 8.55
TOTAL EXPENSE RATIO (As on August 31, 2024) TEGA INDUSTRIES LIMITED Industrial Manufacturing 1.14 Grand Total 100.00
Including Additional Expenses and Goods and Service Bharat Petroleum Corporation Ltd. Petroleum Products 1.11
Tax on Management Fees • Top Ten Holdings, £ Sponsor
Hindustan Construction Company
Regular: 2.05%Direct: 1.11% Ltd. Construction 1.10 Face Value per Unit: ` 10, + Industry Classification as
Power Grid Corporation of India Ltd. Power 1.05
AIA Engineering Ltd. Industrial Products 1.00 recommended by AMFI, Data is as of August 31, 2024 unless
#BENCHMARK INDEX: Gateway Distriparks Limited Transport Services 0.97 otherwise specified.
BSE India Infrastructure Index (TRI) Hindalco Industries Ltd. Non - Ferrous Metals 0.96
##ADDL. BENCHMARK INDEX: ¥ Dedicated Fund Manager for Overseas Investments:
Blue Dart Express Ltd. Transport Services 0.94
NIFTY 50 (Total Returns Index) Tata Steel Ltd. Ferrous Metals 0.89 Mr. Dhruv Muchhal (since June 22, 2023)
NCC LTD. Construction 0.87 (Total Experience: Over 10 years).
EXIT LOAD$$ : Repco Home Finance Ltd. Finance 0.87 Please refer Minimum Application Amount, Plans & Options, on
• In respect of each purchase/switch in of units, an Exit Page no. 101 to 103.
load of 1% is payable if units are redeemed/switched out The Anup Engineering Limited Industrial Manufacturing 0.85
within 30 daysfrom the date of allotment. Birla Corporation Ltd. Cement & Cement $$For further details, please refer to para ‘Exit Load’ on page
• No Exit Load is payable if units are redeemed/switched- Products 0.80
out aft er 30 days from the date of allotment. no. 104.
KAYNES TECHNOLOGY INDIA
LIMITED Industrial Manufacturing 0.74

Returns (%) 14.59 15.13 19.57 40.27 47.20 52.84

(`)##
Aug 31, 23 Last 1 Year 58.52 108.64 32.64 15,852 20,864 13,264
Aug 31, 21 Last 3 Years 37.18 46.12 15.17 25,814 31,200 15,274
Aug 30, 19 Last 5 Years 28.17 37.03 19.37 34,629 48,402 24,262
Aug 28, 14 Last 10 Years 12.65 18.26 13.59 32,952 53,609 35,825
Mar 10, 08 Since Inception 10.19 11.69 11.93 49,537 61,905 64,125
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivasan Ramamurthy,
Plan, refer page 109 to 115.
August 2024 39
HDFC Infrastructure Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following infrastructure theme)

(% of Net Assets)
Construction 19.39
Banks 15.13
Power 4.43
Finance 4.22
Gas 3.81
Ferrous Metals 0.89
Paper, Forest & Jute Products 0.58
0 10 20


rate Moderately
Infrastructure appreciation / income o Mode High Modera
Fund w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
d
Very
securities of companies engaged

High
Low
BENCHMARK Very
High
Low
: BSE India in or expected to benefit from

RISKOMETER
Infrastructure the growth and development of RISKOMETER
Index (TRI) infrastructure very high risk Investors understand that their principal will be at
very high risk
40 August 2024
HDFC MNC Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following multinational company (MNC)
theme)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related instruments of multinational companies
(MNCs). There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
Rahul Baijal PORTFOLIO
(since March 09, 2023)
NAV NAV
EQUITY & EQUITY RELATED Abbott India Ltd. Pharmaceuticals &
DATE OF ALLOTMENT / INCEPTION DATE • Hindustan Unilever Ltd. Diversified Fmcg 7.41 Biotechnology 1.78
March 09, 2023 • United Spirits Limited Beverages 7.24 KSB Ltd Industrial Products 1.77
• Siemens Ltd. Electrical Equipment 6.68 Timken India Ltd. Industrial Products 1.48
• Ambuja Cements Ltd. Cement & Cement 3M India Ltd. Diversified 1.36
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Products 5.47 Aadhar Housing Finance
Regular Plan - Growth Option 14.814 • Fortis Healthcare Limited Healthcare Services 5.03 Limited Finance 1.32
Regular Plan - IDCW Option 14.814 • Cummins India Ltd. Industrial Products 4.90 ABB India Ltd. Electrical Equipment 1.08
Direct Plan - Growth Option 15.078 Goodyear India Ltd. Auto Components 0.91
Direct Plan - IDCW Option 15.078 • Maruti Suzuki India Limited Automobiles 3.92
• Nestle India Ltd. Food Products 3.92 Westlife Foodworld Limited Leisure Services 0.89
ASSETS UNDER MANAGEMENT • Britannia Industries Ltd. Food Products 3.66 JB Chemicals & Pharmaceuticals &
• CIE Automotive India Ltd Pharmaceuticals Ltd. Biotechnology 0.56
As on August 31, 2024 Auto Components 3.44
Sub Total 94.98
` 663.68 Cr. Whirlpool of India Ltd. Consumer Durables 3.39
Average for Month of August 2024 JNK India Limited Industrial
Grand Total 100.00
` 654.46 Cr. Manufacturing 3.21
MphasiS Limited. IT - Software 3.07 • Top Ten Holdings
QUANTITATIVE DATA RHI MAGNESITA INDIA Limited Industrial Products 2.91
Portfolio Turnover ESCORTS LTD. Agricultural, Face Value per Unit: ` 10, + Industry Classification as
Equity Turnover 36.12% Commercial & recommended by AMFI, Data is as of August 31, 2024 unless
Total Turnover 36.12% Construction Vehicles 2.49
Total Turnover = Equity + Debt + Derivative Bosch Limited Auto Components 2.40 otherwise specified.
Risk Ratio Pfizer Ltd. Pharmaceuticals & ¥ Dedicated Fund Manager for Overseas Investments:
n Standard Deviation 9.435% Biotechnology 2.39
n Beta 0.600 Colgate-Palmolive ( I ) Ltd. Mr. Dhruv Muchhal (since June 22, 2023)
n Sharpe Ratio*
2.307 Grindwell Norton Ltd. (Total Experience: Over 10 years).
Computed for the 3-yr period ended August 31, United Breweries Ltd. Beverages 2.12 Please refer Minimum Application Amount, Plans & Options, on
2024. Based on month-end NAV. Page no. 101 to 103.
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Blue Dart Express Ltd. Transport Services 2.07
For schemes which have not completed 3 years, SKF India Ltd. Industrial Products 1.91 $$For further details, please refer to para ‘Exit Load’ on page
data is computed since inception. Gland Pharma Ltd. Pharmaceuticals & no. 104.
Biotechnology 1.81
Tax on Management Fees SIP PERFORMANCE ^ - Regular Plan - Growth Option
Regular: 2.41%Direct: 1.22% SIP SIP
#BENCHMARK INDEX: Mkt Value As on August 30, 2024 (` in Lacs) 2.25 1.41
NIFTY MNC TRI (Total Returns Index) Returns (%) 31.51 33.49
##ADDL. BENCHMARK INDEX: Benchmark Returns (%) # 42.62 47.56
NIFTY 50 (Total Returns Index) Additional Benchmark Returns (%) ## 31.51 34.34
EXIT LOAD$$ : Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
• In respect of each purchase/switch-in of units, an Exit accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
load of 1% is payable if units are redeemed/switched- simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
out within 1 year from the date of allotment.
• No Exit Load is payable if units are redeemed /
PERFORMANCE^
Industry Allocation of Equity Holding Date Period
Returns
(%)
Returns
(%)#
Benchmark
Scheme (`)
Returns Benchmark Additional
(% of Net Assets) (`)##
Aug 31, 23 Last 1 Year 28.33 42.61 32.64 12,833 14,261 13,264
Industrial Products 15.10 Mar 09, 23 Since Inception 30.43 39.60 29.35 14,814 16,382 14,633
Beverages 9.36 Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Rahul Baijal, please
Electrical Equipment 7.76 refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the
Food Products 7.58 Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
Auto Components 6.75 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into consideration
Pharmaceuticals & Biotechnology 6.54 for computation of performance.
Healthcare Services 5.03 Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
Automobiles 3.92 Benchmark (This product is suitable for (Current risk as per latest month
Consumer Durables 3.39 investors who are seeking ~) end portfolio)
IT - Software 3.07 HDFC MNC Fund • To generate long-term Modera
oderate High tely
capital appreciation/income o M rate Moderately
w t erate
2.49 Hi Mode
Agricultural, Commercial & Construction Vehicles
• Investment predominantly o High
BENCHMARK : w t erate Hi
Mo Lo

gh
d
NIFTY MNC TRI in equity & equity

Mo Lo
gh

d
Very
related instruments of
High
Low
Diversified 1.36
Very
High
Low
Finance 1.32
multinational companies.
RISKOMETER
Leisure Services 0.89 Investors understand that their principal will be at RISKOMETER
0 10 20 30 40 50 very high risk Investors understand that their principal will be at
very high risk
August 2024 41
HDFC Non-Cyclical Consumer Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open ended equity scheme following non-cyclical consumer theme)
INVESTMENT OBJECTIVE : To generate long-term capital appreciation by investing predominantly in equity and equity related securities of companies with a focus on non-
cyclical consumer theme. There is no assurance that the investment objective of the Scheme will be achieved.

Amit Sinha
(since July 12, 2023) Company Industry+ % to Company Industry+ % to
EQUITY & EQUITY RELATED InterGlobe Aviation Ltd. Transport Services 1.23
• Hindustan Unilever Ltd. Diversified Fmcg 8.55 Baazar Style Retail Limited Retailing 1.21
DATE OF ALLOTMENT / INCEPTION DATE • ITC Ltd. Maruti Suzuki India Limited
Diversified Fmcg 8.08 Automobiles 1.16
July 12, 2023 • Zomato Ltd Retailing 8.02 Pidilite Industries Ltd. Chemicals &
• Titan Company Ltd. Consumer Durables 4.62 Petrochemicals 1.10
• Godrej Consumer Products Ltd. Personal Products 4.23 Emami Ltd. Personal Products 0.85
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) INFO EDGE (INDIA) LIMITED
• Trent Ltd. Retailing 4.17 Retailing 0.84
Regular Plan - Growth Option 14.817 Flair Writing Industries Limited Household Products 0.83
Regular Plan - IDCW Option 14.817 • United Spirits Limited Beverages 3.87
Direct Plan - Growth Option 15.028 • Asian Paints Limited Consumer Durables 3.83 Sona Blw Precision Forgings Auto Components 0.83
Direct Plan - IDCW Option 15.028 • Brainbees Solutions Limited Voltas Ltd. Consumer Durables 0.76
(FirstCry) Retailing 3.26 Jubilant Foodworks Limited Leisure Services 0.49
ASSETS UNDER MANAGEMENT • Chalet Hotels Ltd. Leisure Services 2.89 Colgate-Palmolive ( I ) Ltd. Personal Products 0.30
As on August 31, 2024 Dabur India Ltd. Personal Products 2.70 PEARL GLOBAL INDUSTRIES
` 825.62 Cr. Bharti Hexacom Limited Telecom - Services 2.60 LIMITED Textiles & Apparels 0.18
Average for Month of August 2024 DOMS Industries Limited Household Products 2.33 Wonderla Holidays Ltd. Leisure Services 0.13
` 792.16 Cr. Jupiter Life Line Hospitals Sub Total 97.74
Limited Healthcare Services 2.15 Cash,Cash Equivalents and Net Current Assets 2.26
QUANTITATIVE DATA AkzoNobel India Ltd. Consumer Durables 2.10 Grand Total 100.00
Portfolio Turnover Bharti Airtel Ltd. Telecom - Services 2.02 • Top Ten Holdings
Equity Turnover 73.36% Britannia Industries Ltd. Food Products 1.91
Total Turnover 73.36% Tata Consumer Products Agricultural Food &
Total Turnover = Equity + Debt + Derivative Face Value per Unit: ` 10, + Industry Classification as
Limited Other Products 1.90
Risk Ratio Varun Beverages Ltd Beverages 1.84 recommended by AMFI, Data is as of August 31, 2024 unless
n Standard Deviation 11.499% Nestle India Ltd. Food Products 1.83 otherwise specified.
n Beta 0.497
n Sharpe Ratio*
Yatharth Hospital & Trauma ¥ Dedicated Fund Manager for Overseas Investments:
2.681 Care Services Limited Healthcare Services 1.80
Computed for the 3-yr period ended August 31, Safari Industries (India) Ltd. Mr. Dhruv Muchhal (since July 12, 2023)
2024. Based on month-end NAV. Consumer Durables 1.65
Shoppers Stop Ltd. Retailing 1.60 (Total Experience: Over 10 years).
* Risk free rate: 6.80% (Source: FIMMDA MIBOR)
Cello World Limited Consumer Durables 1.58 Please refer Minimum Application Amount, Plans & Options, on
For schemes which have not completed 3 years, Page no. 101 to 103.
data is computed since inception. Unicommerce eSolutions
Limited IT - Software 1.55 $$For further details, please refer to para ‘Exit Load’ on page
VIJAYA DIAGNOSTIC CENTRE LTD. Healthcare Services 1.49 no. 104.
Including Additional Expenses and Goods and Service Devyani International Ltd Leisure Services 1.48
Tax on Management Fees SAPPHIRE FOODS INDIA
LIMITED Leisure Services 1.27
Regular: 2.34%Direct: 1.12% Godfrey Phillips India Ltd. Cigarettes & Tobacco
Products 1.26
#BENCHMARK INDEX: SULA VINEYARDS LIMITED Beverages 1.25
NIFTY India Consumption Index (TRI)
NIFTY 50 (TRI) PERFORMANCE^
EXIT LOAD$$ : Returns Returns Benchmark Scheme (`) Benchmark Additional
• In respect of each purchase/switch-in of units, an Exit Date Period (%) (%)# Returns
load of 1% is payable if units are redeemed/switched-out (%) ## (`)# Benchmark
within 30 days from the date of allotment. (`)##
• No Exit Load is payable if units are redeemed / switched- Aug 31, 23 Last 1 Year 45.48 47.01 32.64 14,548 14,701 13,264
out after 30 days from the date of allotment.
Jul 12, 23 Since Inception 41.31 38.60 27.78 14,817 14,494 13,215
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Amit Sinha, please
Industry Allocation of Equity Holding Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
(% of Net Assets)
Retailing 19.10 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
Personal Products 8.08 Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
Beverages 6.96 Benchmark (This product is suitable for (Current risk as per latest month
Leisure Services 6.26 investors who are seeking ~) end portfolio)
Healthcare Services 5.44 HDFC Non-Cyclical • To generate long-term Modera
oderate High tely
o M rate Moderately
Telecom - Services 4.62 capital appreciation/income
Consumer Fund w t erate Hi
• investment in equity and o Mode High
w t erate
Food Products 3.74 Hi
Mo Lo
gh
d
equity related securities

Mo Lo
gh
Household Products 3.16 BENCHMARK :

d
Very
of companies with a focus

High
Low
Agricultural Food & Other Products 1.90 NIFTY India

Very
High
Low
Consumption Index on non-cyclical consumer

IT - Software 1.55 RISKOMETER
(TRI) theme. RISKOMETER
Cigarettes & Tobacco Products 1.26 Investors understand that their principal will be at
Transport Services 1.23 very high risk
Automobiles 1.16 ~ Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
Chemicals & Petrochemicals 1.10 Scheme and Benchmark Riskometer As on August 31, 2024
0 5 10 15 20 25
42 August 2024
HDFC Manufacturing Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open-ended equity scheme following manufacturing theme)
INVESTMENT OBJECTIVE : To provide long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the
manufacturing activity. There is no assurance that the investment objective of the Scheme will be achieved.

Rakesh Sethia
(since May 16, 2024) Company Industry+ % to Company Industry+ % to
NAV NAV
EQUITY & EQUITY RELATED Blue Dart Express Ltd. Transport Services 0.53
DATE OF ALLOTMENT / INCEPTION DATE • Tata Motors Ltd. Automobiles 5.31 Ipca Laboratories Ltd. Pharmaceuticals &
May 16, 2024 • Mahindra & Mahindra Ltd. Automobiles 5.29 Biotechnology 0.53
• Sun Pharmaceutical Industries Pharmaceuticals & Time Technoplast Limited Industrial Products 0.52
Ltd. Biotechnology 4.60 Craftsman Automation Ltd Auto Components 0.48
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Maruti Suzuki India Limited Automobiles 4.28 Alkem Laboratories Ltd. Pharmaceuticals &
Regular Plan - Growth Option 11.195 • Cipla Ltd. Pharmaceuticals & Biotechnology 0.47
Regular Plan - IDCW Option 11.195 Biotechnology 3.50 Carborundum Universal Ltd. Industrial Products 0.47
Direct Plan - Growth Option 11.239 • Larsen and Toubro Ltd. Construction 3.27 Indraprastha Gas Ltd. Gas 0.46
Direct Plan - IDCW Option 11.239 • Reliance Industries Ltd. Petroleum Products 2.90 ABB India Ltd. Electrical Equipment 0.42
• Aurobindo Pharma Ltd. Pharmaceuticals & Torrent Pharmaceuticals Ltd. Pharmaceuticals &
ASSETS UNDER MANAGEMENT Biotechnology 2.69 Biotechnology 0.40
As on August 31, 2024 • Hindustan Aeronautics Limited Aerospace & Defense 2.08 GMM Pfaudler Limited Industrial
` 13,278.18 Cr. • Eicher Motors Ltd. Automobiles 2.05 Manufacturing 0.38
Average for Month of August 2024 Gland Pharma Ltd. Pharmaceuticals & UPL Ltd. Fertilizers &
` 12,914.74 Cr. Biotechnology 2.01 Agrochemicals 0.38
Hindalco Industries Ltd. Non - Ferrous Metals 1.93 Kajaria Ceramics Ltd. Consumer Durables 0.36
TOTAL EXPENSE RATIO (As on August 31, 2024) Divis Laboratories Ltd. Pharmaceuticals & Eris Lifesciences Ltd Pharmaceuticals &
Including Additional Expenses and Goods and Service Biotechnology 1.92 Biotechnology 0.34
Tax on Management Fees Siemens Ltd. Electrical Equipment 1.89 Power Mech Projects Ltd. Construction 0.33
NTPC Limited Power 1.77 TD Power Systems Ltd. Electrical Equipment 0.33
Regular: 1.67%Direct: 0.41% TCI Express Ltd.
Bosch Limited Auto Components 1.75 Transport Services 0.32
Cummins India Ltd. Industrial Products 1.73 Varroc Engineering Limited Auto Components 0.30
#BENCHMARK INDEX: JSW Steel Ltd. Ferrous Metals 1.73 RHI MAGNESITA INDIA Limited Industrial Products 0.26
NIFTY India Manufacturing Index ACC Ltd. Cement & Cement Ola Electric Mobility Limited Automobiles 0.23
##ADDL. BENCHMARK INDEX: Products 1.58 Cello World Limited Consumer Durables 0.22
NIFTY 50 (TRI) Ambuja Cements Ltd. Cement & Cement Samvardhana Motherson
Products 1.58 International Ltd. Auto Components 0.22
EXIT LOAD$$ : Bharat Electronics Ltd. Aerospace & Defense 1.53 AMI Organics Ltd Pharmaceuticals &
• In respect of each purchase/switch-in of units, an Exit Godrej Consumer Products Ltd. Personal Products 1.34 Biotechnology 0.21
load of 1% is payable if units are redeemed/switched-out Lupin Ltd. Pharmaceuticals & KAYNES TECHNOLOGY INDIA Industrial
within 1 month from the date of allotment. Biotechnology 1.32 LIMITED Manufacturing 0.20
• No Exit Load is payable if units are redeemed / switched- JK Cement Limited Cement & Cement
out after 1 month from the date of allotment. Dabur India Ltd. Personal Products 1.31
Ajanta Pharma Limited Pharmaceuticals & Products 0.18
Biotechnology 1.30 Sona Blw Precision Forgings Auto Components 0.18
Glenmark Pharmaceuticals Ltd. Pharmaceuticals & Bharat Petroleum Corporation
Biotechnology 1.20 Ltd. Petroleum Products 0.17
Pidilite Industries Ltd. Chemicals & Syngene International Limited Healthcare Services 0.17
Petrochemicals 1.10 Archean Chemical Industries Chemicals &
Bajaj Auto Limited Automobiles 1.08 Limited Petrochemicals 0.16
CG Power and Industrial Bansal Wire Industries Limited Industrial Products 0.15
Solutions Ltd. Electrical Equipment 1.08 G R Infraprojects Limited Construction 0.12
CIE Automotive India Ltd Auto Components 1.06 Premier Energies Limited Electrical Equipment 0.12
CYIENT DLM LIMITED Industrial Emcure Pharmaceuticals Pharmaceuticals &
Manufacturing 1.01 Limited Biotechnology 0.09
ESCORTS LTD. Agricultural, Grindwell Norton Ltd. Industrial Products 0.08
Commercial & La Opala RG Limited Consumer Durables 0.06
Construction Vehicles 0.96 Elecon Engineering Comapny Industrial
Hindustan Petroleum Corp. Ltd. Petroleum Products 0.95 Ltd. Manufacturing 0.02
UltraTech Cement Limited Cement & Cement EPACK DURABLE LIMITED Consumer Durables @
Products 0.87 Sub Total 91.61
Hero MotoCorp Ltd. Automobiles 0.85 Cash,Cash Equivalents and Net Current Assets 8.39
Bajaj Electricals Ltd. Consumer Durables 0.84 Grand Total 100.00
Jindal Steel & Power Ltd. Ferrous Metals 0.84
PEARL GLOBAL INDUSTRIES • Top Ten Holdings, @ Less than 0.01%
LIMITED Textiles & Apparels 0.84
Sundram Fasteners Ltd. Auto Components 0.81 Face Value per Unit: ` 10, + Industry Classification as
Tata Steel Ltd. Ferrous Metals 0.77 recommended by AMFI, Data is as of August 31, 2024 unless
CESC Ltd. Power 0.75 otherwise specified.
Birla Corporation Ltd. Cement & Cement
Products 0.74 ¥ Dedicated Fund Manager for Overseas Investments:
Schaeffler India Ltd. Auto Components 0.73 Mr. Dhruv Muchhal (since May 16, 2024)
Techno Electric & Engin. (Total Experience: Over 10 years).
Co. Ltd. Construction 0.73 Please refer Minimum Application Amount, Plans & Options, on
BEML Limited Agricultural,
Commercial & Page no. 101 to 103.
Construction Vehicles 0.72 $$For further details, please refer to para ‘Exit Load’ on page
Balkrishna Industries Ltd. Auto Components 0.68 no. 104.
Dixon Technologies (India) Ltd. Consumer Durables 0.64
SHARDA MOTOR INDUSTRIES
LIMITED Auto Components 0.64
Havells India Ltd. Consumer Durables 0.61
Timken India Ltd. Industrial Products 0.59
August 2024 43
HDFC Manufacturing Fund CATEGORY OF SCHEME
THEMATIC FUND
(An open-ended equity scheme following manufacturing theme)

(% of Net Assets)

Automobiles 19.09
Construction 4.45
Ferrous Metals 3.34
Power 2.52
Gas 0.46
0 10 20 30 40 50

HDFC • To generate longterm capital

rate Moderately
Manufacturing appreciation o Mode High Modera
• Investment predominantly in o M
Fund w t erate Hi
Mo Lo
gh
d
equity & equity related securities

Mo Lo
gh
d
Very
of companies engaged in the

High
Low
BENCHMARK : Very
High
Low
NIFTY India manufacturing theme.

RISKOMETER
Manufacturing Investors understand that their principal will be at RISKOMETER
Index very high risk Investors understand that their principal will be at
very high risk
44 August 2024
HDFC Balanced Advantage Fund CATEGORY OF SCHEME
BALANCED ADVANTAGE FUND
(An open ended balanced advantage fund)
KEY FACTS
INVESTMENT OBJECTIVE : To provide long term capital appreciation / income from a dynamic mix of equity and debt investments. There is no assurance that the investment

Gopal Agrawal t
(Equity Assets) (since July 29, 2022) Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
Total Experience: Over 21 years Rating (Hedged & of Derivative Rating (Hedged & of Derivative
Unhedged) Unhedged)
Srinivasan Ramamurthy EQUITY & EQUITY RELATED Titan Company Ltd. Consumer
(Equity Assets) (since July 29, 2022) Durables 0.30 0.30
Total Experience: Over 17 years • HDFC Bank Ltd.£ Banks 6.10 2.04
• ICICI Bank Ltd. Banks 3.58 0.69 Dynamatic Technologies Ltd. Industrial
Arun Agarwal • State Bank of India Banks 3.31 0.32 Manufacturing 0.29 0.00
(Arbitrage Assets) (since October 6, 2022) • Coal India Ltd. Consumable Savita Oil Technologies Ltd. Petroleum
Total Experience: Over 25 years Fuels 3.15 0.06 Products 0.29 0.00
• NTPC Limited Power 3.14 0.17 Kalpataru Projects
Nirman Morakhia • Infosys Limited IT - Software 2.71 0.61
International Ltd Construction 0.27 0.00
(Arbitrage Assets) (since February 15, 2023) Time Technoplast Limited Industrial
• Larsen and Toubro Ltd. Construction 2.51 0.39 Products 0.25 0.00
Total Experience: Over 16 years • Reliance Industries Ltd. Petroleum CESC Ltd. Power 0.24 0.00
Anil Bamboli Products 2.28 0.71
Life Insurance Corporation
(Debt Assets) (since July 29, 2022) ITC Ltd. Diversified Fmcg 2.25 0.07 of India Insurance 0.24 0.00
Total Experience: Over 30 years Bharti Airtel Ltd. Telecom - Ashok Leyland Ltd Agricultural,
Services 1.89 0.27 Commercial &
Axis Bank Ltd. Banks 1.89 0.59 Construction
DATE OF ALLOTMENT / INCEPTION DATE Tata Consultancy Services Vehicles 0.23 0.08
Ltd. IT - Software 1.55 0.47 TEGA INDUSTRIES LIMITED Industrial
February 01, 1994@@ Lupin Ltd. Pharmaceuticals Manufacturing 0.23 0.00
& Biotechnology 1.36 0.00 Kotak Mahindra Bank
Power Finance Corporation Limited Banks 0.22 0.22
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Ltd. Finance 1.36 0.03 LAKSHMI MACHINE WORKS Industrial
Regular Plan - Growth Option 512.844 REC Limited. Finance 1.29 0.05 LTD. Manufacturing 0.22 0.00
Regular Plan - IDCW Option 41.339 Sun Pharmaceutical Pharmaceuticals Apollo Hospitals Enterprise Healthcare
Direct Plan - Growth Option 551.388 Industries Ltd. & Biotechnology 1.20 0.12 Ltd. Services 0.21 0.22
Direct Plan - IDCW Option 47.584 Bharat Petroleum Petroleum Indian Railways Finance
Corporation Ltd. Products 1.14 0.39 Corp. Ltd. Finance 0.19 0.00
Mahindra & Mahindra Ltd. Automobiles 0.93 0.17 Texmaco Rail & Engineering Industrial
ASSETS UNDER MANAGEMENT GAIL (India) Ltd. Gas 0.92 0.08 Ltd. Manufacturing 0.19 0.00
As on August 31, 2024 Bank of Baroda Banks 0.83 0.04 The Tata Power Company
` 95,391.46 Cr. Techno Electric & Engin. Ltd. Power 0.18 0.18
Average for Month of August 2024 Co. Ltd. Construction 0.74 0.00 Jio Financial Services Limited Finance 0.17 0.00
` 93,821.78 Cr. Hindustan Petroleum Petroleum Tata Steel Ltd. Ferrous Metals 0.17 0.17
Corp. Ltd. Products 0.70 0.04 Gujarat Industries Power
Titagarh Wagons Limited Industrial Co. Ltd. Power 0.16 0.00
QUANTITATIVE DATA Manufacturing 0.63 0.00 Wipro Ltd. IT - Software 0.16 0.16
Risk Ratio SBI Life Insurance Company Divis Laboratories Ltd. Pharmaceuticals
n Standard Deviation 9.516% Ltd. Insurance 0.61 0.11 & Biotechnology 0.15 0.16
n Beta 1.197 Indusind Bank Ltd. Banks 0.59 0.37 Tech Mahindra Ltd. IT - Software 0.15 0.15
n Sharpe Ratio* 1.659 Apar Industries Limited Electrical Canara Bank Banks 0.14 0.14
Computed for the 3-yr period ended August 31, Equipment 0.56 0.00 SBI CARDS AND PAYMENT
2024. Based on month-end NAV. Oil & Natural Gas SERVICES LIMITED Finance 0.14 0.00
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Corporation Ltd. Oil 0.56 0.25 Jindal Steel & Power Ltd. Ferrous Metals 0.12 0.03
For schemes which have not completed 3 years, Bharat Dynamics Limited Aerospace & Shriram Finance Ltd. Finance 0.12 0.12
data is computed since inception. Defense 0.55 0.00 Zee Entertainment
Portfolio Turnover Gujarat Pipavav Port Ltd. Transport Enterprises Ltd. Entertainment 0.12 0.00
Equity Turnover 21.16% Infrastructure 0.54 0.00 Hindalco Industries Ltd. Non - Ferrous
Total Turnover 178.98% Hindustan Aeronautics Aerospace & Metals 0.10 0.10
Total Turnover = Equity + Debt + Derivative Limited Defense 0.52 0.03 Housing and Urban
Residual Maturity * 6.34 years Hindustan Unilever Ltd. Diversified Fmcg 0.51 0.52 Development Corporation
Macaulay Duration * 3.85 years Tata Motors Ltd. Automobiles 0.50 0.17 Ltd. Finance 0.10 0.00
Modified Duration * 3.67 years Bajaj Finance Ltd. Finance 0.49 0.49 LTIMindtree Limited IT - Software 0.10 0.10
Annualized Portfolio YTM# * 7.27% Apollo Tyres Ltd. Auto Nestle India Ltd. Food Products 0.10 0.10
#
semi annual YTM has been annualised. Components 0.47 0.00 Power Grid Corporation of
*Calculated on amount invested in debt securities Aurobindo Pharma Ltd. Pharmaceuticals India Ltd. Power 0.10 0.10
(including accrued interest), deployment of funds & Biotechnology 0.47 0.05 ADANI ENTERPRISES LIMTIED Metals &
in TREPS and Reverse Repo and net receivable Bajaj Finserv Ltd. Finance 0.47 0.47 Minerals Trading 0.09 0.10
/ payable. InterGlobe Aviation Ltd. Transport ADITYA BIRLA SUN LIFE AMC
Services 0.46 0.11 LIMITED Capital Markets 0.09 0.00
J.Kumar Infraprojects Ltd. Construction 0.44 0.00 Ambuja Cements Ltd. Cement &
TOTAL EXPENSE RATIO (As on August 31, 2024) Cement Products 0.08 0.08
Including Additional Expenses and Goods and Service BEML Limited Agricultural,
Commercial & UPL Ltd. Fertilizers &
Construction Agrochemicals 0.07 0.07
Regular: 1.35%Direct: 0.72% Vehicles 0.43 0.00 VODAFONE IDEA LIMITED Telecom -
Adani Ports & Special Transport Services 0.07 0.00
Economic Zone Infrastructure 0.41 0.41 HDFC Life Insurance
#BENCHMARK INDEX: Bharat Forge Ltd. Auto Company Limited Insurance 0.06 0.06
NIFTY 50 Hybrid Composite debt 50:50 Index Components 0.38 0.07 JSW Steel Ltd. Ferrous Metals 0.06 0.06
##ADDL. BENCHMARK INDEX: Ashoka Buildcon Ltd. Construction 0.36 0.00 MphasiS Limited. IT - Software 0.06 0.06
NIFTY 50 (Total Returns Index) Ipca Laboratories Ltd. Pharmaceuticals SRF Ltd. Chemicals &
& Biotechnology 0.36 0.00 Petrochemicals 0.06 0.06
Mishra Dhatu Nigam Ltd. Aerospace & ACC Ltd. Cement &
NET EQUITY EXPOSURE: Defense 0.36 0.00 Cement Products 0.05 0.05
49.96% Indus Towers Limited Telecom - AGS Transact Technologies Financial
Services 0.33 0.33 Limited Technology
PCBL Ltd. Chemicals & (Fintech) 0.05 0.00
Petrochemicals 0.32 0.00 Bharat Heavy Electricals Ltd. Electrical
Cipla Ltd. Pharmaceuticals Equipment 0.05 0.05
& Biotechnology 0.30 0.16 Bharti Hexacom Limited Telecom -
Garden Reach Shipbuilders Aerospace & Services 0.05 0.00
& Engineers Limited Defense 0.30 0.00 Godrej Properties Ltd. Realty 0.05 0.05
Maruti Suzuki India Limited Automobiles 0.30 0.30 Great Eastern Shipping Transport
NHPC Ltd. Power 0.30 0.00 Company Ltd. Services 0.05 0.00
....Contd on next page
August 2024 45
.....Contd from previous page

EXIT LOAD$$ : PORTFOLIO

• In respect of each purchase / switch-in of Units, upto
15% of the units may be redeemed without any exit t
load from the date of allotment.
• Any redemption in excess of the above limit shall be Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
subject to the following exit load: Rating (Hedged & of Derivative Rating (Hedged & of Derivative
• Exit load of 1.00% is payable if Units are redeemed / Unhedged) Unhedged)
switched-out within 1 year from the date of allotment
of units. Hero MotoCorp Ltd. Automobiles 0.05 0.05 UltraTech Cement Limited Cement &
• No Exit Load is payable if Units are redeemed / RHI MAGNESITA INDIA Industrial Cement Products @ 0.00
switched-out after 1 year from the date of allotment. Limited Products 0.05 0.00 United Spirits Limited Beverages @ 0.00
Indian Railway Catering And Sub Total 64.59 14.63
Tourism Corp Ltd Leisure Services 0.04 0.04 Compulsorily Convertible Debentures
Bajaj Auto Limited Automobiles 0.03 0.03 Cholamandalam Investment
BEML Land Assets Limited Finance 0.03 0.00 & Finance Co. Ltd. Finance 0.43 0.00
Indian Oil Corporation Ltd. Petroleum Sub Total 0.43 0.00
Products 0.03 0.03 Total 65.02 0.00
Portfolio INFO EDGE (INDIA) LIMITED Retailing 0.03 0.03 DEBT & DEBT RELATED
Classification By Piramal Enterprises Limited Finance 0.03 0.03 Government Securities (Central/State)
Asset Class (%) Asian Paints Limited Consumer • 7.38 GOI 2027 Sovereign 2.90 0.00
Durables 0.02 0.02 • 7.18 GOI 2033 Sovereign 2.44 0.00
Biocon Ltd. Pharmaceuticals 7.1 GOI 2029 Sovereign 1.72 0.00
& Biotechnology 0.02 0.02 GOI 2034 Sovereign 1.59 0.00
DLF LIMITED Realty 0.02 0.02 7.1 GOI 2034 Sovereign 1.19 0.00
n Equity 64.59 Glenmark Pharmaceuticals Pharmaceuticals
n Units issued by InvIT 0.23 Ltd. & Biotechnology 0.02 0.02 7.18 GOI 2037 Sovereign 1.05 0.00
n Units issued by ReIT 1.22 HCL Technologies Ltd. IT - Software 0.02 0.02 7.26 GOI 2032 Sovereign 0.70 0.00
Indian Hotels Company Ltd. Leisure Services 0.02 0.02 7.26 GOI 2033 Sovereign 0.65 0.00
n G-Sec, G-Sec STRIPS, SDL 15.17 5.22 GOI 2025 Sovereign 0.64 0.00
n Securitized Debt Instruments 0.18 Laurus Labs Ltd. Pharmaceuticals
& Biotechnology 0.02 0.02 7.06 GOI 2028 Sovereign 0.39 0.00
n Credit Exposure 13.87 Ramco Systems Ltd. IT - Software 0.02 0.00 7.17 GOI 2030 Sovereign 0.38 0.00
n Cash, Cash Equivalents and Net Current Assets 4.74 RITES Limited Construction 0.02 0.00 6.18 GOI 2024 Sovereign 0.26 0.00
Siemens Ltd. Electrical 5.74 GOI 2026 Sovereign 0.21 0.00
Equipment 0.02 0.02 7.3 GOI 2053 Sovereign 0.21 0.00
TVS Motor Company Ltd. Automobiles 0.02 0.02 7.09 GOI 2054 Sovereign 0.11 0.00
Aarti Industries Ltd. Chemicals & 7.23 GOI 2039 Sovereign 0.11 0.00
Petrochemicals 0.01 0.01 6.79 GOI 2027 Sovereign 0.07 0.00
Portfolio Britannia Industries Ltd. Food Products 0.01 0.01 7.65% Chhattisgarh SDL Mat
Campus Activewear Limited Consumer 310133 Sovereign 0.07 0.00
Classification By Durables 0.01 0.00 7.48% Uttar Pradesh SDL ISD
Rating Class (%) Container Corporation of Transport 200324 Mat 200336 Sovereign 0.05 0.00
India Ltd. Services 0.01 0.01 7.63% Gujarat SDL ISD
Emcure Pharmaceuticals Pharmaceuticals 240124 Mat 240133 Sovereign 0.05 0.00
Limited & Biotechnology 0.01 0.00 7.64% Gujarat SDL ISD
n Equity 64.59 ESCORTS LTD. Agricultural, 170124 MAT 170133 Sovereign 0.05 0.00
n Sovereign 15.17 Commercial & 7.67% Uttarakhand SDL ISD
n Units issued by InvIT 0.23 Construction 271223 MAT 271233 Sovereign 0.05 0.00
n Units issued by ReIT 1.22 Vehicles 0.01 0.01 7.32 GOI 2030 Sovereign 0.04 0.00
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 13.13 National Aluminium Co. Ltd. Non - Ferrous 7.64% % Gujarat SDL ISD
Metals 0.01 0.01 170124 Mat 170134 Sovereign 0.04 0.00
n AA+ 0.49 Oracle Financial Ser 7.25 GOI 2063 Sovereign 0.03 0.00
n Compulsorily Convertible Debentures 0.43 Software Ltd. IT - Software 0.01 0.01 7.62% Uttar Pradesh SDL ISD
n Cash, Cash Equivalents and Net Current Assets 4.74 PI Industries Ltd. Fertilizers & 201223 MAT 201233 Sovereign 0.03 0.00
Agrochemicals 0.01 0.01 7.63% Gujarat SDL ISD
Pidilite Industries Ltd. Chemicals & 240124 Mat 240134 Sovereign 0.03 0.00
Petrochemicals 0.01 0.01 7.67% Uttar Pradesh SDL ISD
Polycab India Limited Industrial 271223 Mat 271233 Sovereign 0.03 0.00
Products 0.01 0.01 7.45% Maharashtra ISD
Tata Consumer Products Agricultural 220324 Mat 220339 Sovereign 0.02 0.00
Limited Food & Other GOI STRIPS - Mat 170628 Sovereign 0.02 0.00
Products 0.01 0.01 6.67 GOI 2050 Sovereign 0.01 0.00
Vedanta Ltd. Diversified 6.99 GOI 2051 Sovereign 0.01 0.00
Metals 0.01 0.01
7.47% Chhattisgarh SDL ISD
Zydus Lifesciences Limited Pharmaceuticals 200324 MAT 200333 Sovereign 0.01 0.00
& Biotechnology 0.01 0.01
7.63% Maharashtra SDL Mat
Balkrishna Industries Ltd. Auto 310135 Sovereign 0.01 0.00
Components @ 0.00
7.47% Chhattisgarh SDL ISD
Cholamandalam Investment 200324 MAT 200334 Sovereign @ 0.00
& Finance Co. Ltd. Finance @ 0.00
8.07% Kerala SDL Mat
Crompton Greaves Consumer 150626 Sovereign @ 0.00
Consumer Elec. Ltd. Durables @ 0.00
Sub Total 15.17 0.00
Dabur India Ltd. Personal
Products @ 0.00 Credit Exposure (Non Perpetual)
Exide Industries Ltd. Auto HDFC Bank Ltd.£ CRISIL - AAA 1.92 0.00
Components @ 0.00 Small Industries CARE - AAA /
Havells India Ltd. Consumer Development Bank CRISIL - AAA 1.31 0.00
Durables @ 0.00 National Bank for Agri & CRISIL - AAA /
IDFC Ltd. Finance @ 0.00 Rural Dev. ICRA - AAA 1.20 0.00
Indian Energy Exchange LIC Housing Finance Ltd. CRISIL - AAA 1.07 0.00
Limited Capital Markets @ 0.00 State Bank of India CRISIL - AAA /
L&T Finance Ltd. Finance @ 0.00 ICRA - AAA 1.04 0.00
LIC Housing Finance Ltd. Finance @ 0.00 REC Limited. CRISIL - AAA /
ICRA - AAA 1.02 0.00
MEP Infrastructure Transport
Developers Ltd. Infrastructure @ 0.00 Indian Railways Finance
Corp. Ltd. CRISIL - AAA 1.00 0.00
Navin Fluorine International Chemicals &
Ltd. Petrochemicals @ 0.00 Pipeline Infrastructure
Pvt. Ltd. CRISIL - AAA 0.67 0.00
NMDC Limited Minerals &
Mining @ 0.00 National Housing Bank CARE - AAA /
CRISIL - AAA 0.43 0.00
Oberoi Realty Ltd. Realty @ 0.00
Power Finance Corporation
Persistent Systems Limited IT - Software @ 0.00 Ltd. CRISIL - AAA 0.41 0.00
Petronet LNG Ltd. Gas @ 0.00 Bajaj Finance Ltd. CRISIL - AAA 0.31 0.00
Shree Cement Ltd. Cement & Bajaj Housing Finance Ltd. CRISIL - AAA 0.31 0.00
Cement Products @ 0.00
Toyota Financial Services CRISIL - AAA /
Tata Communications Telecom - India Ltd. ICRA - AAA 0.31 0.00
Limited Services @ 0.00
46 August 2024
PORTFOLIO
t
Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
Rating (Hedged & of Derivative Rating (Hedged & of Derivative
Unhedged) Unhedged)
Jamnagar Utilities & Power Units issued by InvIT
Pvt. Ltd. (erstwhile Reliance POWERGRID Infrastructure
Utilities & Power Pvt. Ltd.) CRISIL - AAA 0.30 0.00 Investment Trust Power 0.23 0.00
Bank of Baroda CRISIL - AAA 0.26 0.00 Sub Total 0.23 0.00
HDB Financial Services Ltd. CRISIL - AAA 0.26 0.00 Units issued by ReIT
Kotak Mahindra Investments Embassy Office Parks REIT Realty 0.79 0.00
Ltd. CRISIL - AAA 0.21 0.00 BROOKFIELD INDIA REAL
Cholamandalam Investment ESTATE TRUST Realty 0.43 0.00
& Finance Co. Ltd. ICRA - AA+ 0.21 0.00 Sub Total 1.22 0.00
Mahanagar Telephone Total 1.45 0.00
Nigam Ltd. (Corporate Cash Margin 3.86 0.00
guarantee from Govt of
India) CARE - AAA(CE) 0.21 0.00 Cash,Cash Equivalents and Net Current Assets 0.88 0.00
Sansar Trust July 2023 II CRISIL - AAA(SO) 0.18 0.00 Grand Total 100.00 14.63
TATA Capital Housing • Top Ten Holdings, £ Sponsor, @ Less than 0.01%
Finance Ltd. CRISIL - AAA 0.14 0.00
Bharat Petroleum Outstanding exposure in derivative
Corporation Ltd. CRISIL - AAA 0.10 0.00 instruments (` in Crore) 13,983.45
Grasim Industries Ltd. CRISIL - AAA 0.10 0.00 Hedged position in Equity & Equity related instruments
Housing and Urban
Development Corporation Outstanding derivative exposure (% age) 14.66
Ltd. CARE - AAA 0.10 0.00
Canara Bank CRISIL - AAA 0.06 0.00 Face Value per Unit: ` 10, + Industry Classification as recommended
Tata Capital Ltd. CRISIL - AAA 0.06 0.00 by AMFI, Data is as of August 31, 2024 unless otherwise specified.
Export - Import Bank of India CRISIL - AAA 0.05 0.00
Power Grid Corporation of
India Ltd. CRISIL - AAA 0.05 0.00 ¥ Dedicated Fund Manager for Overseas Investments:
Sundaram Home Finance Mr. Dhruv Muchhal (since June 22, 2023)
Limited CRISIL - AAA 0.05 0.00 (Total Experience: Over 10 years).
Sub Total 13.34 0.00
Credit Exposure (Perpetual Bonds)
Bank of Baroda (AT1, BASEL Page no. 101 to 103.
III, Perpetual) CRISIL - AA+ 0.23 0.00 $$For further details, please refer to para ‘Exit Load’ on page no.
Union Bank of India (AT1, 104.
BASEL III, Perpetual) CARE - AA+ 0.05 0.00
Sub Total 0.28 0.00
Total 28.79 0.00
UNITS ISSUED BY REIT & INVIT

Mkt Value As on August 30, 2024 (` in Lacs)$$ 1,547.74 69.87 30.89 11.70 5.46 1.41
Returns (%)$$ 19.42 16.44 17.99 27.11 29.10 34.29

Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`) $$ (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 38.37 20.03 32.64 13,837 12,003 13,264
Aug 31, 21 Last 3 Years 24.54 10.59 15.17 19,318 13,525 15,274
Aug 30, 19 Last 5 Years 22.18 13.57 19.37 27,259 18,906 24,262
Aug 28, 14 Last 10 Years 14.74 11.17 13.59 39,609 28,883 35,825
Feb 01, 94 Since Inception 18.70 NA 11.61 1,898,016 NA 287,934
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance may not strictly be
comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are
made in debt instruments. $$ All Distributions declared prior to the splitting of the Scheme into IDCW & Growth Options are assumed to
be reinvested in the units of the Scheme at the then prevailing NAV (ex-distribution NAV). For performance of other schemes managed
by Gopal Agrawal, Srinivasan Ramamurthy, Arun Agarwal, Nirman Morakhia and Anil Bamboli, please refer page 104. Different plans viz.
Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the
extent of the distribution expenses / commission charged in the Regular Plan. As NIFTY 50 TRI data is not available since inception of the
scheme, additional benchmark performance is calculated using composite CAGR of NIFTY 50 PRI values from February 1, 1994 to June 29,
1999 and TRI values since June 30, 1999. For Performance of Direct Plan, refer page 109 to 115.
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate
instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an
order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate
due diligence when deciding to make their investments.
Note: @@Effective close of business hours of June 1, 2018, HDFC Prudence Fund merged with HDFC Growth Fund (HDFC Balanced Advantage Fund after changes in fundamental attributes). As the
portfolio characteristics and the broad investment strategy of HDFC Balanced Advantage Fund is similar to that of erstwhile HDFC Prudence Fund, the track record (i.e. since inception date, dividend
history, etc.) and past performance of erstwhile HDFC Prudence Fund has been considered, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
August 2024 47

(% of Net Assets)
Banks 16.66
IT - Software 4.78
Finance 4.39
Power 4.35
Construction 4.34
Automobiles 1.83
Realty 1.29
Gas 0.92
Insurance 0.91
Oil 0.56
Ferrous Metals 0.35
Entertainment 0.12
Food Products 0.11
Metals & Minerals Trading 0.09
Retailing 0.03
Diversified Metals 0.01
0 5 10 15 20


Modera
Balanced appreciation / income oderate High tely
o M rate Moderately
Advantage • Investments in a mix of equity w t erate Hi Mode High
o
w t erate Hi
Mo Lo
gh
and debt instruments

d
Fund
Mo Lo
gh
d
Very
High
Low
Very
High
Low
BENCHMARK :
RISKOMETER
NIFTY 50 Hybrid RISKOMETER
Composite Debt very high risk Investors understand that their principal will be at
50:50 Index high risk
48 August 2024
HDFC Hybrid Equity Fund CATEGORY OF SCHEME
AGGRESSIVE HYBRID FUND
(An open ended hybrid scheme investing predominantly in equity and
equity related instruments)
KEY FACTS
INVESTMENT OBJECTIVE : The investment objective of the Scheme is to generate capital appreciation / income from a portfolio, predominantly of equity & equity related
instruments. The Scheme will also invest in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
Chirag Setalvad
(Equity Assets) (since April 2, 2007) PORTFOLIO
Anupam Joshi Company Industry+ / Rating % to Company Industry+ / Rating % to
(Debt Assets) (since October 6, 2022) NAV NAV
Total Experience: Over 18 years EQUITY & EQUITY RELATED 7.68% Jharkhand SDL ISD
• ICICI Bank Ltd. Banks 7.28 240124 Mat 240132 Sovereign 0.29
• HDFC Bank Ltd.£ Banks 6.27 7.63% Gujarat SDL ISD 240124
DATE OF ALLOTMENT / INCEPTION DATE@@ • Larsen and Toubro Ltd. Construction 4.72 Mat 240133 Sovereign 0.27
September 11, 2000 • Reliance Industries Ltd. Petroleum Products 4.50 7.66% RAJASTHAN SDL Mat
• Infosys Limited IT - Software 4.12 310134 Sovereign 0.27
• Bharti Airtel Ltd. Telecom - Services 3.87 7.41% Himachal Pradesh SDL
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • ITC Ltd. Diversified Fmcg 3.81 ISD 130324 Mat 130336 Sovereign 0.21
Regular Plan - Growth Option 116.223 • State Bank of India Banks 3.71 7.48% Rajasthan SDL ISD
Regular Plan - IDCW Option 17.487 Axis Bank Ltd. Banks 2.40 200324 MAT 200337 Sovereign 0.21
Direct Plan - Growth Option 125.276 SKF India Ltd. Industrial Products 2.02 7.48% Uttar Pradesh SDL ISD
Direct Plan - IDCW Option 19.805 Hindustan Petroleum Corp. 200324 Mat 200336 Sovereign 0.21
Ltd. Petroleum Products 1.91 7.52% Himachal Pradesh SDL
ASSETS UNDER MANAGEMENT KEC International Ltd. Construction 1.85 ISD 270324 MAT 270339 Sovereign 0.21
As on August 31, 2024 Kotak Mahindra Bank Limited Banks 1.85 7.52% Uttarpradesh SDL ISD
` 24,644.67 Cr. Zensar Technologies Ltd. 270324 MAT 270339 Sovereign 0.21
Average for Month of August 2024 IT - Software 1.73 7.63% Gujarat SDL ISD 240124
Aurobindo Pharma Ltd. Pharmaceuticals & Mat 240134 Sovereign 0.21
` 24,273.65 Cr. Biotechnology 1.53 7.67% Chhattisgarh SDL ISD
United Spirits Limited Beverages 1.44 240124 Mat 240131 Sovereign 0.21
QUANTITATIVE DATA 7.68% Chattisgarh SDL ISD
Risk Ratio Power Grid Corporation of
n Standard Deviation 8.739% India Ltd. Power 1.37 170124 MAT 170132 Sovereign 0.21
n Beta 1.014 PNC Infratech Ltd. Construction 1.34 7.66% Haryana SDL Mat
n Sharpe Ratio* 0.855 Redington Ltd. Commercial Services & 310136 Sovereign 0.19
Computed for the 3-yr period ended August 31, Supplies 1.33 7.67% Rajasthan ISD 24012024
2024. Based on month-end NAV. Eris Lifesciences Ltd Pharmaceuticals & Mat 240134 Sovereign 0.17
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Biotechnology 1.30 7.36% Maharashtra SDL ISD
For schemes which have not completed 3 years, Mahindra Holidays & Resorts 120423 Mat 120428 Sovereign 0.16
data is computed since inception. 7.52% Goa SDL ISD 270324
Ind Ltd. Leisure Services 1.20
Portfolio Turnover Godrej Consumer Products Ltd. Personal Products 1.05 MAT 270339 Sovereign 0.15
Equity Turnover 34.26% Dabur India Ltd. Personal Products 0.95 7.67% Uttarakhand SDL ISD
Total Turnover 34.26% Krishna Institute Of Medical 271223 MAT 271233 Sovereign 0.15
Total Turnover = Equity + Debt + Derivative 7.47% Uttarakhand SDL ISD
Sciences Limited Healthcare Services 0.89
Residual Maturity * 6.27 years Vardhman Textiles Ltd. Textiles & Apparels 0.72 200324 MAT 200334 Sovereign 0.13
Macaulay Duration * 4.54 years GMM Pfaudler Limited Industrial Manufacturing 0.65 7.67% Chattisgarh SDL ISD
Modified Duration * 4.30 years Ola Electric Mobility Limited Automobiles 0.63 170124 MAT 170133 Sovereign 0.11
Annualized Portfolio YTM * #
7.54% 7.42% Tamil Nadu SDL ISD
#
semi annual YTM has been annualised. JK Tyre & Industries Limited Auto Components 0.57
*Calculated on amount invested in debt securities Metropolis Healthcare Ltd. Healthcare Services 0.53 030424 MAT 030434 Sovereign 0.10
(including accrued interest), deployment of funds Kalpataru Projects 7.43% Maharashtra SDL ISD
in TREPS and Reverse Repo and net receivable International Ltd Construction 0.42 030424 MAT 030439 Sovereign 0.10
/ payable. Sharda Cropchem Ltd. Fertilizers & 7.72% Rajasthan SDL - Mat
Agrochemicals 0.42 081133 Sovereign 0.10
Gland Pharma Ltd. Pharmaceuticals & 7.66% RAJASTHAN SDL ISD
Biotechnology 0.41 240124 Mat 240131 Sovereign 0.08
TOTAL EXPENSE RATIO (As on August 31, 2024) Dr. Lal Path Labs Ltd Healthcare Services 0.34 8.13 GOI 2045 Sovereign 0.07
Including Additional Expenses and Goods and Service 7.1 GOI 2028 Sovereign 0.06
Tax on Management Fees MM Forgings Ltd. Auto Components 0.29
Blue Dart Express Ltd. Transport Services 0.28 7.47% Chhattisgarh SDL ISD
Regular: 1.68%Direct: 1.02% CIE Automotive India Ltd Auto Components 0.27 200324 MAT 200333 Sovereign 0.06
Jagran Prakashan Ltd. Media 0.10 7.63% Maharashtra SDL Mat
#BENCHMARK INDEX: AkzoNobel India Ltd. Consumer Durables 0.07 310135 Sovereign 0.04
NIFTY 50 Hybrid Composite Debt 65:35 Index Sadbhav Engineering Ltd. Construction 0.07 7.63% Maharashtra SDL Mat
Sub Total 68.21 310136 Sovereign 0.04
##ADDL. BENCHMARK INDEX: Sub Total 7.82
Compulsorily Convertible
NIFTY 50 (Total Returns Index) Debentures Credit Exposure (Non
Cholamandalam Investment Perpetual)
EXIT LOAD$$ : & Finance Co. Ltd. Finance 0.56 • National Bank for Agri &
• In respect of each purchase / switch-in of Units, upto Sub Total 0.56 Rural Dev. CRISIL - AAA / ICRA - AAA 4.35
15% of the units may be redeemed without any exit Total 68.77 • HDFC Bank Ltd.£ CRISIL - AAA 2.46
load from the date of allotment. DEBT & DEBT RELATED LIC Housing Finance Ltd. CRISIL - AAA 1.52
• Any redemption in excess of the above limit shall be Government Securities (Central/State) Small Industries Development
subject to the following exit load: Bank CARE - AAA / CRISIL - AAA 1.21
• Exit load of 1.00% is payable if Units are redeemed / 7.1 GOI 2034 Sovereign 0.72
switched-out within 1 year from the date of allotment 7.73% Uttar Pradesh SDL Mat Power Grid Corporation of
of units. 081133 Sovereign 0.42 India Ltd. CRISIL - AAA 0.86
• No Exit Load is payable if Units are redeemed / 7.09 GOI 2054 Sovereign 0.41 Kotak Mahindra Investments
switched-out after 1 year from the date of allotment. Ltd. CRISIL - AAA 0.82
7.18 GOI 2033 Sovereign 0.41
7.66% RAJASTHAN SDL Mat National Bank for Financing
310133 Sovereign 0.37 Infrastructure and
7.64% Gujarat SDL ISD 170124 Development CRISIL - AAA 0.82
MAT 170133 Sovereign 0.35 Indian Railways Finance
7.64% % Gujarat SDL ISD Corp. Ltd. CRISIL - AAA 0.76
170124 Mat 170134 Sovereign 0.31 Muthoot Finance Ltd. CRISIL - AA+ 0.69
7.72% Uttar Pradesh SDL Mat Power Finance Corporation
081134 Sovereign 0.31 Ltd. CRISIL - AAA 0.65
7.44% Telangana SDL ISD The Tata Power Company Ltd. CARE - AA+ 0.65
030424 MAT 030436 Sovereign 0.30 DME Development Ltd CRISIL - AAA 0.62
REC Limited. CRISIL - AAA / ICRA - AAA 0.60
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate
instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an
order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate
due diligence when deciding to make their investments.
Note: @@ Effective close of business hours of June 1, 2018, HDFC Balanced Fund merged with HDFC Premier Multi Cap Fund (HDFC Hybrid Equity Fund after changes in fundamental attributes). As the portfolio
characteristics and the broad investment strategy of HDFC Hybrid Equity Fund is similar to that of erstwhile HDFC Balanced Fund, the track record (i.e. since inception date, dividend history, etc) and past
performance of erstwhile HDFC Balanced Fund has been considered, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
August 2024 49
HDFC Hybrid Equity Fund CATEGORY OF SCHEME

AGGRESSIVE HYBRID FUND
(An open ended hybrid scheme investing predominantly in equity and
equity related instruments)
PORTFOLIO
Portfolio Company Industry+ / Rating % to Company Industry+ / Rating

% to
NAV NAV
Classification By HDB Financial Services Ltd. CRISIL - AAA 0.59 MUTUAL FUND UNITS
Asset Class (%) TMF Holdings Ltd. (Subsidiary HDFC NIFTY 50 ETF 1.46
of Tata Motors Ltd.) CRISIL - AA+ 0.48 Sub Total 1.46
Cholamandalam Investment Cash,Cash Equivalents and Net Current Assets 2.34
& Finance Co. Ltd. ICRA - AA+ 0.41 Grand Total 100.00
Mahanagar Telephone Nigam
Ltd. (Corporate guarantee • Top Ten Holdings, £ Sponsor
n Equity 68.21 from Govt of India) CARE - AAA(CE) 0.41 Face Value per Unit: ` 10, + Industry Classification as
n Units issued by InvIT 0.22 State Bank of India ICRA - AAA 0.29 recommended by AMFI, Data is as of August 31, 2024 unless
n Units issued by ReIT 0.70 Housing and Urban otherwise specified.
n G-Sec, SDL 7.82 Development Corporation Ltd. CARE - AAA 0.20 ¥ Dedicated Fund Manager for Overseas Investments:
Kotak Mahindra Prime Ltd. CRISIL - AAA 0.20
n Credit Exposure 19.25 Nuclear Power Corporation of Mr. Dhruv Muchhal (since June 22, 2023)
n Mutual Fund Units 1.46 India Ltd. ICRA - AAA 0.10 (Total Experience: Over 10 years).
n Cash, Cash Equivalents and Net Current Assets 2.34 Sub Total 18.69 Please refer Minimum Application Amount, Plans & Options, on
Total 26.51 Page no. 101 to 103.
UNITS ISSUED BY REIT & INVIT
Units issued by InvIT $$For further details, please refer to para ‘Exit Load’ on page
POWERGRID Infrastructure no. 104.
Investment Trust Power 0.22
Sub Total 0.22
Units issued by ReIT
BROOKFIELD INDIA REAL
ESTATE TRUST Realty 0.70
Portfolio Sub Total 0.70
Classification By Total 0.92
Rating Class (%)

n Equity 68.21 Since Inception 15 year 10 year 5 year 3 year 1 year
n Sovereign 7.82
n Units issued by InvIT 0.22 Total Amount Invested (` in Lacs) 28.80 18.00 12.00 6.00 3.60 1.20
n Units issued by ReIT 0.70 Mkt Value As on August 30, 2024 (` in Lacs) 280.11 61.00 25.73 9.72 4.75 1.36
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 16.46 Returns (%) 16.03 14.88 14.59 19.40 18.92 25.90
n AA+ 2.23 Benchmark Returns (%) # N.A. 12.62 13.55 16.35 16.67 25.06
n Compulsorily Convertible Debentures 0.56 Additional Benchmark Returns (%) ## 15.48 14.68 16.34 21.52 21.70 34.34
n Cash, Cash Equivalents and Net Current Assets 3.80 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed

(`)##
Aug 31, 23 Last 1 Year 24.10 23.72 32.64 12,410 12,372 13,264
Aug 31, 21 Last 3 Years 14.83 11.98 15.17 15,141 14,042 15,274
Aug 30, 19 Last 5 Years 17.47 15.42 19.37 22,389 20,496 24,262
Aug 28, 14 Last 10 Years 13.46 11.98 13.59 35,412 31,063 35,825
Sep 11, 00 Since Inception 15.74 NA 14.17 332,826 NA 240,079
comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made
in debt instruments. For performance of other schemes managed by Chirag Setalvad and Anupam Joshi, please refer page 104. Different

HDFC Hybrid • To generate long-term capital

rate Moderately
Equity Fund appreciation / income. o Mode High Modera
• Investments predominantly o M
w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
BENCHMARK :
d
Very
instruments. The Scheme will also

High
Low
NIFTY 50 Hybrid
Very
High
Low
Composite Debt invest in debt and money market

RISKOMETER
65:35 Index instruments. RISKOMETER
high risk
50 August 2024
HDFC Multi-Asset Fund MULTI ASSET ALLOCATION FUND
CATEGORY OF SCHEME
(An open ended scheme investing in Equity and Equity related instruments,
Debt & Money Market Instruments and Gold related instruments)
(The Scheme underwent Change in Fundamental Attributes i.e. change in Asset Allocation Pattern w.e.f. March 14, 2019).
KEY FACTS
INVESTMENT OBJECTIVE : To generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money
market instruments and Gold related instruments. There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
(Equity Assets) (since January 13, 2022)
Total Experience: Over 17 years Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
Anil Bamboli EQUITY & EQUITY RELATED
Unhedged)
Bajaj Finance Ltd. Finance
Unhedged)
0.26 0.26
(Debt Assets) (since August 17, 2005) Biocon Ltd. Pharmaceuticals
Total Experience: Over 30 years • HDFC Bank Ltd.£ Banks 5.53 1.83
• Axis Bank Ltd. Banks 4.64 3.16 & Biotechnology 0.26 0.26
• ICICI Bank Ltd. Sanofi India Limited Pharmaceuticals
Bhagyesh Kagalkar • Mahindra & Mahindra Ltd.
Banks
Automobiles
4.43
3.27
1.29
2.57
(Dedicated Fund Manager for commodities UTI Asset Management
• United Spirits Limited Beverages 3.06 2.23 Company Ltd Capital Markets 0.23 0.00
related investments viz. Gold) (since February • Infosys Limited IT - Software 2.09 0.27 Sanofi Consumer Healthcare Pharmaceuticals
02, 2022) • State Bank of India Banks 2.07 0.57 India Limited & Biotechnology 0.13 0.00
Total Experience: Over 30 years • Bharti Airtel Ltd. Telecom - HDFC Life Insurance Company
Services 2.03 0.00 Limited Insurance 0.07 0.07
• Maruti Suzuki India Limited Automobiles 1.72 0.67
Arun Agarwal Hindustan Unilever Ltd. Diversified Fmcg 1.63 1.64
Ambuja Cements Ltd. Cement &
Cement Products 0.02 0.02
(Arbitrage Assets) (since August 24, 2020) Larsen and Toubro Ltd. Construction 1.44 0.40 Sub Total 66.14 0.00
Total Experience: Over 25 years Tata Motors Ltd. Automobiles 1.33 0.76 DEBT & DEBT RELATED
Tata Consultancy Services Ltd. IT - Software 1.29 0.00 Government Securities (Central/State)
Reliance Industries Ltd. Petroleum • 7.18 GOI 2033
Nirman Morakhia Products 1.28 0.00 7.1 GOI 2029
Sovereign
Sovereign
1.99
1.01
0.00
0.00
(Arbitrage Assets) (since February 15, 2023) ITC Ltd. Diversified Fmcg 1.14 0.00 7.27 GOI 2026 Sovereign 0.71 0.00
Total Experience: Over 16 years Kotak Mahindra Bank Limited Banks 1.14 0.00 GOI STRIPS - Mat 190328 Sovereign 0.56 0.00
HCL Technologies Ltd. IT - Software 1.09 0.00 GOI STRIPS - Mat 171227 Sovereign 0.45 0.00
NTPC Limited Power 1.06 0.00 7.65% Chhattisgarh SDL Mat
DATE OF ALLOTMENT / INCEPTION DATE Titan Company Ltd. Consumer 310133 Sovereign 0.44 0.00
Durables 0.98 0.99 7.1 GOI 2034 Sovereign 0.43 0.00
August 17, 2005 Cipla Ltd. Pharmaceuticals
7.17 GOI 2030 Sovereign 0.43 0.00
7.38 GOI 2027 Sovereign 0.43 0.00
Bajaj Auto Limited Automobiles 0.93 0.00 GOI 2034 Sovereign 0.43 0.00
Sun Pharmaceutical Industries Pharmaceuticals 7.06 GOI 2028 Sovereign 0.29 0.00
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Ltd. & Biotechnology 0.85 0.02 6.54 GOI 2032 Sovereign 0.14 0.00
Tech Mahindra Ltd. IT - Software 0.85 0.85 5.63 GOI 2026 Sovereign 0.07 0.00
Regular Plan - Growth Option 67.905 SBI Life Insurance Company
Regular Plan - IDCW Option 17.623 7.18 GOI 2037 Sovereign 0.06 0.00
Ltd. Insurance 0.79 0.00 Sub Total 7.44 0.00
Direct Plan - Growth Option 75.024 ICICI Lombard General Credit Exposure (Non Perpetual)
Direct Plan - IDCW Option 21.267 Insurance Co Insurance 0.73 0.00
Bharat Petroleum Corporation Petroleum HDB Financial Services Ltd. CRISIL - AAA 1.12 0.00
Ltd. Products 0.71 0.00 HDFC Bank Ltd.£ CRISIL - AAA 0.99 0.00
ASSETS UNDER MANAGEMENT Godrej Consumer Products Ltd. Personal SMFG India Credit Company
Products 0.70 0.07 Ltd CARE - AAA 0.71 0.00
As on August 31, 2024 Cholamandalam Investment
Dr Reddys Laboratories Ltd. Pharmaceuticals
` 3,524.55 Cr. & Biotechnology 0.67 0.00 & Finance Co. Ltd. ICRA - AA+ 0.57 0.00
Hindustan Aeronautics Limited Aerospace & Bharti Telecom Limited CRISIL - AA+ 0.43 0.00
Average for Month of August 2024 LIC Housing Finance Ltd. CRISIL - AAA 0.43 0.00
Defense 0.66 0.00
` 3,401.66 Cr. Oil & Natural Gas Corporation Small Industries Development
Ltd. Oil 0.66 0.00 Bank CRISIL - AAA 0.43 0.00
QUANTITATIVE DATA Hindalco Industries Ltd. Non - Ferrous Bajaj Housing Finance Ltd. CRISIL - AAA 0.42 0.00
Metals 0.64 0.14 National Bank for Agri &
Risk Ratio Lupin Ltd. Pharmaceuticals Rural Dev. ICRA - AAA 0.29 0.00
n Standard Deviation 6.176% & Biotechnology 0.64 0.00 Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 0.17 0.00
n Beta 0.698 City Union Bank Ltd. Bank of Baroda CRISIL - AAA 0.14 0.00
Banks 0.63 0.00
n Sharpe Ratio* 0.968 Power Grid Corporation of Power Finance Corporation
Computed for the 3-yr period ended August 31, India Ltd. Power 0.63 0.00 Ltd. CRISIL - AAA 0.14 0.00
Indusind Bank Ltd. Banks 0.61 0.00 REC Limited. CRISIL - AAA 0.14 0.00
2024. Based on month-end NAV. Whirlpool of India Ltd. Consumer Sub Total 5.98 0.00
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Durables 0.56 0.00 Total 13.42 0.00
For schemes which have not completed 3 years, Suprajit Engineering Ltd. Auto UNITS ISSUED BY REIT & INVIT
data is computed since inception. Components 0.52 0.00 Units issued by InvIT
Balrampur Chini Mills Ltd. Agricultural POWERGRID Infrastructure
Portfolio Turnover Food & Other Investment Trust Power 0.11 0.00
Equity Turnover 19.94% Products 0.51 0.00 Sub Total 0.11 0.00
Total Turnover 226.38% Greenply Industries Ltd. Consumer Units issued by ReIT
Total Turnover = Equity + Debt + Derivative Durables 0.51 0.00 Embassy Office Parks REIT Realty 1.37 0.00
Ipca Laboratories Ltd. Pharmaceuticals BROOKFIELD INDIA REAL
Residual Maturity * 3.13 years & Biotechnology 0.51 0.00 ESTATE TRUST Realty 0.76 0.00
Macaulay Duration * 2.39 years Torrent Pharmaceuticals Ltd. Pharmaceuticals Nexus Select Trust REIT Realty 0.27 0.00
Modified Duration * 2.28 years & Biotechnology 0.51 0.00 Sub Total 2.40 0.00
Annualized Portfolio YTM# * 7.18% Asian Paints Limited Consumer Total 2.51 0.00
Durables 0.50 0.50 MUTUAL FUND UNITS
#
semi annual YTM has been annualised. CIE Automotive India Ltd Auto
*Calculated on amount invested in debt securities Components 0.50 0.00 Mutual Fund Units
(including accrued interest), deployment of funds Wipro Ltd. IT - Software 0.46 0.00 HDFC Gold Exchange Traded Fund 10.75 0.00
Mahindra & Mahindra Sub Total 10.75 0.00
in TREPS and Reverse Repo and net receivable Cash Margin
/ payable. Financial Services Ltd. Finance 0.45 0.00 3.71 3.47
Star Health and Allied Cash,Cash Equivalents and Net Current Assets 7.18 19.35
Insurance Company Ltd Insurance 0.45 0.00 Grand Total 100.00 0.00
Adani Ports & Special Transport
TOTAL EXPENSE RATIO (As on August 31, 2024) Economic Zone Infrastructure 0.43 0.43 • Top Ten Holdings, £ Sponsor
Including Additional Expenses and Goods and Service Apollo Hospitals Enterprise Ltd. Healthcare
Tax on Management Fees Services 0.43 0.00 Outstanding exposure in
Eicher Motors Ltd. Automobiles 0.42 0.00
Regular: 1.93%Direct: 0.76% Gland Pharma Ltd. Pharmaceuticals derivative instruments (` in Crore) 681.84
Paradeep Phosphates Limited F e r t i l i z e r s & Hedged position in Equity & Equity related instruments
Agrochemicals 0.40 0.00
#BENCHMARK INDEX: Bayer Cropscience Ltd Fertilizers & Outstanding derivative exposure (% age) 19.35
65% Nifty 50 TRI + 25% Nifty Composite Debt Agrochemicals 0.38 0.00
Great Eastern Shipping Transport Face Value per Unit: ` 10, + Industry Classification as
Index + 10% Price of Domestic Gold Company Ltd. Services 0.38 0.00
Rolex Rings Limited Auto recommended by AMFI, Data is as of August 31, 2024 unless
Components 0.38 0.00
##ADDL. BENCHMARK INDEX: Delhivery Limited Transport otherwise specified.
NIFTY 50 (Total Returns Index) Services 0.37 0.00
Sonata Software Ltd. IT - Software 0.36 0.00
JSW Steel Ltd. Ferrous Metals 0.35 0.35 no. 104.
Tata Steel Ltd. Ferrous Metals 0.35 0.00
NET EQUITY EXPOSURE: Transport Corporation of Transport
India Ltd. Services 0.35 0.00
46.79% Bharat Electronics Ltd. Aerospace &
Defense 0.34 0.00
Gateway Distriparks Limited Transport
¥ Dedicated Fund Manager for Overseas Investments: Services 0.34 0.00
Mr. Dhruv Muchhal (since June 22, 2023) Oracle Financial Ser Software
(Total Experience: Over 10 years). Ltd. IT - Software 0.31 0.00
G R Infraprojects Limited Construction 0.30 0.00
Please refer Minimum Application Amount, Plans & Options, Chemplast Sanmar Limited Chemicals &
Petrochemicals 0.29 0.00
on Page no. 101 to 103.
August 2024 51
HDFC Multi-Asset Fund MULTI ASSET ALLOCATION FUND

CATEGORY OF SCHEME
(An open ended scheme investing in equity and equity related instruments,
debt & money market instruments and gold related instruments)
EXIT LOAD$$ :
• In respect of each purchase / switch-in of Units, 15% of
the units (“the limit”) may be redeemed without any
Exit Load from the date of allotment.
• Any redemption in excess of the above limit shall be
subject to the following exit load: Portfolio
• Exit Load of 1.00% is payable if units are redeemed Classification By Portfolio
/ switched out within 12 months from the date of
allotment. Asset Class (%) Classification By
• No Exit Load is payable if units are redeemed / Rating Class (%)
switched out after 12 months from the date of
allotment.
n Equity 66.14 n Equity 66.14

Industry Allocation of Equity Holding n Units issued by InvIT 0.11 n Sovereign 7.44
(% of Net Assets) n Units issued by ReIT 2.40 n Units issued by InvIT 0.11
n G-Sec, G-Sec STRIPS, SDL 7.44 n Units issued by ReIT 2.40
n Credit Exposure 5.98 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 4.98
Banks 19.05 n
n Mutual Fund Units 10.75 AA+ 1.00
Automobiles 7.67 n Cash, Cash Equivalents and Net Current Assets 17.93
n Cash, Cash Equivalents and Net Current Assets 7.18
IT - Software 6.45
Pharmaceuticals & Biotechnology 5.16 Cash and Cash Equivalents include overnight deployment of Cash in Tri-Party Repos
Beverages 3.06
Realty 2.40 SIP PERFORMANCE ^ - Regular Plan - Growth Option
Insurance 2.04 Since Inception 15 year 10 year 5 year 3 year 1 year
Telecom - Services 2.03 SIP SIP SIP SIP SIP SIP
Petroleum Products 1.99 Total Amount Invested (` in Lacs) 22.90 18.00 12.00 6.00 3.60 1.20
Power 1.80 Mkt Value As on August 30, 2024 (` in Lacs) 76.48 47.29 23.88 9.31 4.71 1.36
Construction 1.74 Returns (%) 11.40 11.92 13.20 17.62 18.25 26.34
Transport Services 1.44 Benchmark Returns (%) # N.A. N.A. 14.12 17.17 17.84 27.13
Auto Components 1.40 Additional Benchmark Returns (%) ## 13.91 14.68 16.34 21.52 21.70 34.34
Aerospace & Defense 1.00 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
Fertilizers & Agrochemicals 0.78 after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
Finance 0.71
Personal Products 0.70 PERFORMANCE ^ - Regular Plan - Growth Option
Ferrous Metals 0.70
Oil 0.66 Returns Returns Benchmark
Date Period (%) (%)# Returns Scheme (`) Benchmark Additional
Non - Ferrous Metals 0.64 (`)# Benchmark
Agricultural Food & Other Products 0.51 (%) ## (`)##
Transport Infrastructure 0.43 Aug 31, 23 Last 1 Year 25.40 25.26 32.64 12,540 12,526 13,264
Healthcare Services 0.43 Aug 31, 21 Last 3 Years 13.35 13.08 15.17 14,562 14,460 15,274
Chemicals & Petrochemicals 0.29 Aug 30, 19 Last 5 Years 16.81 16.01 19.37 21,767 21,032 24,262
Capital Markets 0.23 Aug 28, 14 Last 10 Years 11.21 12.24 13.59 28,978 31,777 35,825
Cement & Cement Products 0.02 Aug 17, 05 Since Inception 10.58 NA 14.54 67,905 NA 132,716
0 5 10 15 20 Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. The Scheme formerly, a debt oriented hybrid fund,
has undergone change in Fundamental attributes and become a multi asset fund investing in equities, debt and gold
related instruments. Accordingly, the Scheme’s benchmark has also changed. Hence, the performance of the Scheme from inception till May
22, 2018 may not strictly be comparable with those of the new benchmark and the additional benchmark. Scheme performance may not
strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments
are made in debt instruments and gold related instruments. For performance of other schemes managed by Srinivasan Ramamurthy,
Anil Bamboli, Bhagyesh Kagalkar, Arun Agarwal and Nirman Morakhia please refer page 104. Different plans viz. Regular Plan and Direct
Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.

HDFC Multi- • To generate long-term capital

Asset Fund appreciation/income Modera
oderate High tely
• Investments in a diversified o M rate Moderately
w t erate Hi
Mode High
o
portfolio of equity & equity w t erate Hi
Mo Lo
BENCHMARK :
gh
d
related instruments, debt &

Mo Lo
gh
65% NIFTY 50
d
Very
High
Low
TRI + 25% NIFTY money market instruments and

Very
High
Low
Composite Debt Gold related instruments RISKOMETER

Index + 10% Investors understand that their principal will be at RISKOMETER
Domestic Prices high risk Investors understand that their principal will be at
of Gold high risk
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the
interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely
to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order
greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted
portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
52 August 2024
HDFC Asset Allocator Fund Of Funds CATEGORY OF SCHEME
(An open ended Fund of Funds scheme investing in equity oriented, debt FUND OF FUNDS
oriented and gold ETFs schemes)
INVESTMENT OBJECTIVE : To seek capital appreciation by managing the asset allocation between equity oriented, debt oriented and gold ETF schemes. There is no assurance
FUND MANAGER PORTFOLIO

(Equities) (since January 13, 2022) Issuer % to
Total Experience: Over 17 years; NAV
MUTUAL FUND UNITS
Bhagyesh Kagalkar Mutual Fund Units - Equity
(Dedicated Fund Manager for commodities related • HDFC Flexi Cap Fund - Direct Plan- Growth Option 17.83
investments viz. Gold) (since February 02, 2022) HDFC Top 100 Fund - Direct Plan - Growth Option
Total Experience: Over 30 years • 16.99
• HDFC Small Cap Fund - Direct Plan- Growth Option 4.04
Anil Bamboli • HDFC Mid Cap Opportunities Fund - Direct Plan - Growth Option 3.93
(Debt) (since May 05, 2021) HDFC Dividend Yield Fund - Direct Plan - Growth Option 1.41
Total Experience: Over 30 years HDFC Banking & Financial Services Fund - Direct Plan - Growth Option 1.38
HDFC Large and Mid Cap Fund - Direct Plan- Growth Option 1.03
Sub Total 46.61
DATE OF ALLOTMENT / INCEPTION DATE Mutual Fund Units - Debt
May 05, 2021 • HDFC Short Term Debt Fund - Growth Option - Direct Plan 14.44
• HDFC Low Duration Fund - Direct Plan - Growth Option 5.90
• HDFC Medium Term Debt Fund - Growth Option - Direct Plan 5.62
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • HDFC Income Fund - Direct Plan - Growth Option 4.28
Regular Plan - Growth Option 17.02 • HDFC Floating Rate Debt Fund - Direct Plan - Growth Option 3.15
Regular Plan - IDCW Option 17.02 HDFC Gilt Fund - Growth Option - Direct Plan 2.53
Direct Plan - Growth Option 17.72
Direct Plan - IDCW Option 17.72 Sub Total 35.92
Mutual Fund Units - Gold
• HDFC Gold Exchange Traded Fund 13.04
ASSETS UNDER MANAGEMENT Sub Total 13.04
As on August 31, 2024 Mutual Fund Units
` 3,243.96 Cr. HDFC Long Duration Debt Fund - Direct Plan - Growth Option 1.01
Average for Month of August 2024 Sub Total 1.01
` 3,178.06 Cr. Total 96.58
TOTAL EXPENSE RATIO (As on August 31, 2024) Grand Total 100.00
Including Additional Expenses and Goods and Service • Top Ten Holdings
Regular: 1.15%Direct: 0.06% Face Value per Unit: ` 10, Data is as of August 31, 2024 unless otherwise specified.
Investors in the Scheme shall bear the recurring expenses of Please refer Minimum Application Amount, Plans & Options, on Page no. 101 to 103.
the Scheme in addition to the expenses of other schemes in
which this Fund of Funds scheme makes investment (subject to $$For further details, please refer to para ‘Exit Load’ on page no. 104.
regulatory limits).
#BENCHMARK INDEX: SIP PERFORMANCE ^ - Regular Plan - Growth Option

90% Nifty 50 Hybrid Composite Debt 65:35 Since Inception 3 year 1 year
Index (Total Returns Index) and 10% Domestic SIP SIP SIP
Prices of Gold arrived at based on London Total Amount Invested (` in Lacs) 4.00 3.60 1.20
Bullion Market Association's (Lbma) Am Mkt Value As on August 30, 2024 (` in Lacs) 5.45 4.80 1.36
Fixing Price. Returns (%) 18.96 19.68 25.00
##ADDL. BENCHMARK INDEX: Benchmark Returns (%) # 16.17 16.77 24.37
NIFTY 50 (Total Returns Index) Additional Benchmark Returns (%) ## 20.90 21.70 34.34
EXIT LOAD$$ : accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
• In respect of each purchase / switch-in of Units, 15% of
the units (“the limit”) may be redeemed without any
Exit Load from the date of allotment.
• Any redemption in excess of the above limit shall be PERFORMANCE ^ - Regular Plan - Growth Option
subject to the following exit load: Scheme Benchmark Additional Value of ` 10,000 invested
• Exit Load of 1.00% is payable if units are redeemed Returns Returns Benchmark
/ switched out within 12 months from the date of Date Period (%) (%)# Returns Scheme (`) Benchmark Additional
allotment. (%) ## (`)# Benchmark
• No Exit Load is payable if units are redeemed / (`)##
switched out after 12 months from the date of Aug 31, 23 Last 1 Year 25.06 23.60 32.64 12,506 12,360 13,264
allotment.
Aug 31, 21 Last 3 Years 15.70 12.41 15.17 15,487 14,205 15,274
May 05, 21 Since Inception 17.35 14.69 19.38 17,020 15,769 18,017
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivasan Ramamurthy,
Bhagyesh Kagalkar & Anil Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure.
The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular
August 2024 53
HDFC Asset Allocator Fund Of Funds CATEGORY OF SCHEME
(An open ended Fund of Funds scheme investing in equity oriented, debt FUND OF FUNDS
oriented and gold ETFs schemes)
Portfolio
Classification By
Asset Class (%)
n Mutual Fund Units 96.58

Fund Name & Benchmark Product Labelling Scheme Riskometer Benchmark Riskometer
(This product is suitable (Current risk as per latest month
for investors who are end portfolio)
seeking ~)
HDFC Asset Allocator • Capital appreciation

Fund Of Funds over long term
Modera
• Investment oderate High tely
o M rate Moderately
BENCHMARK : 90% Nifty predominantly in w t erate Hi Mode High
o
w t erate Hi
Mo Lo
equity oriented, debt gh

d
50 Hybrid Composite Debt
Mo Lo
gh
d
65:35 Index (Total Returns oriented and Gold ETF Very
High
Low
schemes
Very
Index) and 10% Domestic
High
Low
Prices of Gold arrived at RISKOMETER
based on London Bullion high risk Investors understand that their principal will be at
Market Association's (Lbma) high risk
Am Fixing Price.
54 August 2024
HDFC Dynamic PE Ratio Fund of Funds CATEGORY OF SCHEME
(An open ended Fund of Fund scheme investing in equity and debt schemes FUND OF FUNDS
of HDFC Mutual Fund)
INVESTMENT OBJECTIVE : To seek capital appreciation by managing the asset allocation between specified equity and debt schemes of HDFC Mutual Fund
FUND MANAGER
PORTFOLIO
(Equities) (since Jan 13, 2022) Issuer % to
Total Experience: Over 17 years; NAV
Anil Bamboli MUTUAL FUND UNITS
(Debt) (since Jun 28, 2014) Mutual Fund Units - Equity
Total Experience: Over 30 years • HDFC Top 100 Fund - Direct Plan - Growth Option 18.11
• HDFC Small Cap Fund - Direct Plan- Growth Option 14.92
• HDFC Mid Cap Opportunities Fund - Direct Plan - Growth Option 14.41
DATE OF ALLOTMENT / INCEPTION DATE Sub Total 47.44
Mutual Fund Units - Debt
Feb 06, 2012 • HDFC Medium Term Debt Fund - Growth Option - Direct Plan 11.88
• HDFC Short Term Debt Fund - Growth Option - Direct Plan 11.25
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • HDFC Corporate Bond Fund - Growth Option - Direct Plan 11.13
Regular Plan - Growth Option 39.5680 • HDFC Dynamic Debt Fund - Growth Option - Direct Plan 7.18
Regular Plan - Quarterly IDCW Option 34.6724 • HDFC Income Fund - Direct Plan - Growth Option 6.86
Direct Plan - Growth Option 43.3910 • HDFC Low Duration Fund - Direct Plan - Growth Option 1.30
Direct Plan - Quarterly IDCW Option 38.1115 Sub Total 49.60
Total 97.04
ASSETS UNDER MANAGEMENT Cash,Cash Equivalents and Net Current Assets 2.96
As on August 31, 2024 Grand Total 100.00
` 48.54 Cr. • Top Ten Holdings
` 47.86 Cr. Face Value per Unit: ` 10, Data is as of August 31, 2024 unless otherwise specified.
Please refer Minimum Application Amount, Plans & Options, on Page no. 101 to 103.
Including Additional Expenses and Goods and Service $$For further details, please refer to para ‘Exit Load’ on page no. 104.
Regular: 1.00%Direct: 0.23%
Investors in the Scheme shall bear the recurring expenses of
the Scheme in addition to the expenses of other schemes in SIP PERFORMANCE ^ - Regular Plan - Growth Option
which this Fund of Funds scheme makes investment (subject to Since Inception 10 year 5 year 3 year 1 year
regulatory limits). SIP SIP SIP SIP SIP
Total Amount Invested (` in Lacs) 15.10 12.00 6.00 3.60 1.20
#BENCHMARK INDEX: Mkt Value As on August 30, 2024 (` in Lacs) 35.95 24.80 9.57 4.80 1.34
NIFTY 50 Hybrid Composite Debt 65:35 Index Returns (%) 12.95 13.91 18.77 19.57 22.84
(Total Returns Index) Benchmark Returns (%) # 13.23 13.55 16.35 16.67 25.06
Additional Benchmark Returns (%) ## 15.70 16.34 21.52 21.70 34.34
##ADDL. BENCHMARK INDEX: Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
NIFTY 50 (Total Returns Index) accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
EXIT LOAD$$ :
• In respect of each purchase / switch-in of units, an PERFORMANCE ^ - Regular Plan - Growth Option
Exit Load of 1.00% is payable if Units are redeemed/ Scheme Benchmark Additional Value of ` 10,000 invested
switched-out within 1 year from the date of allotment. Returns Returns Benchmark
• No Exit Load is payable if Units are redeemed / Date Period (%) (%)# Returns Scheme (`) Benchmark Additional
switched-out after 1 year from the date of allotment. (%) ## (`)# Benchmark
No Entry / Exit Load shall be levied on units allotted on (`)##
reinvestment of IDCW. Aug 31, 23 Last 1 Year 22.25 23.72 32.64 12,225 12,372 13,264
Aug 31, 21 Last 3 Years 15.45 11.98 15.17 15,388 14,042 15,274
Aug 30, 19 Last 5 Years 16.81 15.42 19.37 21,764 20,496 24,262
Aug 28, 14 Last 10 Years 12.25 11.98 13.59 31,799 31,063 35,825
Feb 06, 12 Since Inception 11.56 12.54 14.53 39,568 44,145 55,031
Portfolio Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivasan Ramamurthy,
& Anil Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the
Classification By Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance
Asset Class (%) of Direct Plan, refer page 109 to 115.

n Mutual Fund Units 97.04 Benchmark (This product is suitable for (Current risk as per latest month
n Cash, Cash Equivalents and Net Current Assets 2.96 investors who are seeking ~) end portfolio)
HDFC Dynamic • Capital appreciation over long Modera

term. oderate High tely
PE Ratio Fund o M Modera
• Investment in specified equity w t erate Hi oderate High tely
o M
of Funds w t erate Hi
Mo Lo
and debt schemes of HDFC

gh
d
Mo Lo
Mutual Fund based on PE Ratios

gh
d
Very
High
Low
BENCHMARK :
Very
High
Low
NIFTY 50 Hybrid RISKOMETER

Composite Debt Investors understand that their principal will be at RISKOMETER
65:35 Index high risk Investors understand that their principal will be at
high risk
August 2024 55
HDFC Equity Savings Fund CATEGORY OF SCHEME
EQUITY SAVINGS FUND
(An open ended scheme investing in equity, arbitrage and debt)
INVESTMENT OBJECTIVE : To provide capital appreciation by investing in Equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments.
FUND MANAGER ¥
PORTFOLIO
(Equity Assets) (since December 14, 2021)
Total Experience: Over 17 years Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
Anil Bamboli Unhedged) Unhedged)
(Debt Assets) (since September 17, 2004) EQUITY & EQUITY RELATED
Total Experience: Over 30 years • HDFC Bank Ltd.£ Banks 8.08 5.51 Sub Total 65.83 0.00
• ICICI Bank Ltd. Banks 4.28 1.86 DEBT & DEBT RELATED
Arun Agarwal • United Spirits Limited Beverages 4.06 3.42 Government Securities (Central/State)
(Arbitrage Assets) (since August 24, 2020) • Titan Company Ltd. Consumer Durables 2.89 2.91 • 7.18 GOI 2033 Sovereign 2.64 0.00
• Axis Bank Ltd. Banks 2.62 1.58 • 7.1 GOI 2029 Sovereign 2.20 0.00
Total Experience: Over 25 years 7.17 GOI 2030 Sovereign 1.21 0.00
• State Bank of India Banks 2.55 0.78
Nirman Morakhia • Adani Ports & Special Transport 7.38 GOI 2027 Sovereign 1.06 0.00
Economic Zone Infrastructure 2.44 2.45 GOI STRIPS - Mat 190327 Sovereign 0.87 0.00
(Arbitrage Assets) (since February 15, 2023) 7.1 GOI 2034 Sovereign 0.60 0.00
Total Experience: Over 16 years • Larsen and Toubro Ltd. Construction 2.27 1.47
Ashok Leyland Ltd Agricultural, 7.65% Chhattisgarh SDL Mat
Commercial & 310133 Sovereign 0.41 0.00
Construction Vehicles 2.05 2.04 GOI STRIPS - Mat 190928 Sovereign 0.38 0.00
DATE OF ALLOTMENT / INCEPTION DATE Infosys Limited IT - Software 1.85 0.31 GOI STRIPS - Mat 220228 Sovereign 0.26 0.00
September 17, 2004 Tata Motors Ltd. Automobiles 1.70 1.30 7.06 GOI 2028
7.18 GOI 2037
Sovereign
Sovereign
0.20
0.16
0.00
0.00
Maruti Suzuki India Limited Automobiles 1.59 0.86
Bharti Airtel Ltd. Telecom - Services 1.54 0.12 5.63 GOI 2026 Sovereign 0.15 0.00
ITC Ltd. Diversified Fmcg 1.31 0.52 6.54 GOI 2032 Sovereign 0.10 0.00
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) JSW Steel Ltd. Ferrous Metals 1.26 1.27 7.26 GOI 2033 Sovereign 0.10 0.00
Regular Plan - Growth Option 64.020 Mahindra & Mahindra Ltd. Automobiles 1.18 1.19 GOI 2028 Sovereign 0.10 0.00
Regular Plan - IDCW Option 13.406 Reliance Industries Ltd. Petroleum Products 1.14 0.00 Sub Total 10.44 0.00
Direct Plan - Growth Option 71.054 Tata Steel Ltd. Ferrous Metals 1.13 0.84 Credit Exposure (Non Perpetual)
Direct Plan - IDCW Option 15.692 Hindustan Unilever Ltd. Diversified Fmcg 1.12 1.13 Bharti Telecom Limited CRISIL - AA+ 1.29 0.00
Sun Pharmaceutical Industries Pharmaceuticals & National Bank for Agri & CRISIL - AAA / ICRA
Ltd. Biotechnology 1.10 0.38 Rural Dev. - AAA 1.10 0.00
ASSETS UNDER MANAGEMENT Bajaj Finance Ltd. Finance 1.09 1.09 Indus Towers Limited CRISIL - AA+ 0.99 0.00
As on August 31, 2024 The Tata Power Company Ltd. Power 1.09 1.10 LIC Housing Finance Ltd. CRISIL - AAA 0.99 0.00
` 5,051.75 Cr. NTPC Limited Power 1.06 0.07 Power Finance Corporation
Ltd. CRISIL - AAA 0.99 0.00
Average for Month of August 2024 HCL Technologies Ltd. IT - Software 0.97 0.00
Kotak Mahindra Bank Limited Banks 0.83 0.04 SMFG India Credit Company
` 4,942.29 Cr. Cipla Ltd. Pharmaceuticals & Ltd CARE - AAA 0.99 0.00
Biotechnology 0.68 0.00 HDB Financial Services Ltd. CRISIL - AAA 0.97 0.00
QUANTITATIVE DATA Lupin Ltd. Pharmaceuticals & Small Industries Development CARE - AAA / CRISIL
Risk Ratio Biotechnology 0.67 0.00 Bank - AAA 0.90 0.00
n Standard Deviation 4.740% Bajaj Auto Limited Automobiles 0.65 0.00
n Beta
ONGC Petro additions Ltd.
1.007 HDFC Life Insurance Company (OPAL) (Put on ONGC Ltd.) CRISIL - AA 0.79 0.00
n Sharpe Ratio* 0.775 Limited Insurance 0.63 0.63 Cholamandalam Investment
Computed for the 3-yr period ended August 31, Power Grid Corporation of & Finance Co. Ltd. ICRA - AA+ 0.70 0.00
2024. Based on month-end NAV. India Ltd. Power 0.62 0.00 Bajaj Housing Finance Ltd. CRISIL - AAA 0.69 0.00
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Hindalco Industries Ltd. Non - Ferrous Metals 0.59 0.28 Muthoot Finance Ltd. CRISIL - AA+ 0.60 0.00
Gujarat Pipavav Port Ltd. Transport Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 0.60 0.00
For schemes which have not completed 3 years, Infrastructure 0.58 0.00
data is computed since inception. Bajaj Finance Ltd. CRISIL - AAA 0.49 0.00
Apollo Hospitals Enterprise HDFC Bank Ltd.£ CRISIL - AAA 0.49 0.00
Portfolio Turnover Ltd. Healthcare Services 0.54 0.24 REC Limited. CRISIL - AAA 0.27 0.00
Equity Turnover 18.81% Aurobindo Pharma Ltd. Pharmaceuticals & Bank of Baroda CRISIL - AAA 0.10 0.00
Total Turnover 432.20% Biotechnology 0.53 0.00
Kalpataru Projects Tata Capital Ltd. CRISIL - AAA 0.10 0.00
Total Turnover = Equity + Debt + Derivative Sub Total 13.05 0.00
Residual Maturity * 3.13 years Coal India Ltd. Consumable Fuels 0.52 0.00 Total 23.49 0.00
Macaulay Duration * 2.56 years Hindustan Aeronautics Limited Aerospace & Defense 0.46 0.00 UNITS ISSUED BY REIT & INVIT
Modified Duration * 2.44 years Max Financial Services Ltd. Insurance 0.43 0.00 Units issued by InvIT
Annualized Portfolio YTM# * 7.30% Oil & Natural Gas Corporation POWERGRID Infrastructure
#
semi annual YTM has been annualised. Ltd. Oil 0.43 0.00 Investment Trust Power 0.68 0.00
*Calculated on amount invested in debt securities Sub Total 0.68 0.00
(including accrued interest), deployment of funds Bharat Petroleum Corporation
Ltd. Petroleum Products 0.42 0.00 Units issued by ReIT
in TREPS and Reverse Repo and net receivable Embassy Office Parks REIT Realty 0.92 0.00
/ payable. Biocon Ltd. Pharmaceuticals &
Biotechnology 0.42 0.43 BROOKFIELD INDIA REAL
Ambuja Cements Ltd. Cement & Cement ESTATE TRUST Realty 0.68 0.00
TOTAL EXPENSE RATIO (As on August 31, 2024) Products 0.37 0.37 Sub Total 1.60 0.00
Including Additional Expenses and Goods and Service Hindustan Petroleum Total 2.28 0.00
Tax on Management Fees Corp. Ltd. Petroleum Products 0.37 0.00 Cash Margin 7.74 0.00
Greenply Industries Ltd. Consumer Durables 0.36 0.00 Cash,Cash Equivalents and Net Current Assets 0.66 0.00
Regular: 1.91%Direct: 0.93% CIE Automotive India Ltd Auto Components 0.35 0.00 Grand Total 100.00 34.21
Indusind Bank Ltd. Banks 0.34 0.00
Ipca Laboratories Ltd. Pharmaceuticals & • Top Ten Holdings, £ Sponsor
#BENCHMARK INDEX: Biotechnology 0.33 0.00
Wipro Ltd. IT - Software 0.32 0.00
NIFTY Equity Savings Index Mahindra & Mahindra Outstanding exposure in derivative
Financial Services Ltd. Finance 0.31 0.00 instruments (` in Crore) 1,728.72
##ADDL. BENCHMARK INDEX: Star Health and Allied
CRISIL 10 year Gilt Index Insurance Company Ltd Insurance 0.31 0.00 Hedged position in Equity & Equity related instruments
Symphony Ltd. Consumer Durables 0.31 0.00
BEML Limited Agricultural, Outstanding derivative exposure (% age) 34.22
NET EQUITY EXPOSURE: Commercial &
Construction Vehicles 0.30 0.00 Face Value per Unit: ` 10, + Industry Classification as
31.62% Suprajit Engineering Ltd. Auto Components 0.26 0.00 recommended by AMFI, CD - Certificate of Deposit; CP -
Bayer Cropscience Ltd Fertilizers &
Agrochemicals 0.25 0.00 Commercial Papers. Data is as of August 31, 2024 unless
EXIT LOAD$$ : Gland Pharma Ltd. Pharmaceuticals & otherwise specified.
• In respect of each purchase / switch-in of Units, upto Biotechnology 0.25 0.00
15% of the units may be redeemed without any exit Ola Electric Mobility Limited Automobiles 0.25 0.00 ¥ Dedicated Fund Manager for Overseas Investments:
load from the date of allotment. However, please Paradeep Phosphates Limited Fertilizers & Mr. Dhruv Muchhal (since June 22, 2023)
note that the Units will be redeemed on First In First Agrochemicals 0.25 0.00 (Total Experience: Over 10 years).
Out (FIFO) basis. Ashoka Buildcon Ltd. Construction 0.23 0.00
• Any redemption in excess of the above limit shall be Goodyear India Ltd. Auto Components 0.23 0.00 Please refer Minimum Application Amount, Plans & Options, on
subject to the following exit load: PVR LIMITED Entertainment 0.21 0.00
• Exit load of 1.00% is payable if Units are redeemed Page no. 101 to 103.
/ switched out within 1 month from the date of Chemplast Sanmar Limited Chemicals &
allotment of units. Petrochemicals 0.17 0.00 $$For further details, please refer to para ‘Exit Load’ on page
• No Exit Load is payable if Units are redeemed SBI CARDS AND PAYMENT no. 104.
/ switched out after 1 month from the date of SERVICES LIMITED Finance 0.14 0.00
allotment. Tata Consumer Products Agricultural Food &
Limited Other Products 0.02 0.02
56 August 2024
HDFC Equity Savings Fund CATEGORY OF SCHEME

EQUITY SAVINGS FUND
(An open ended scheme investing in equity, arbitrage and debt)

(% of Net Assets)
Banks Portfolio Portfolio
18.70
Automobiles Classification By Classification By
5.37
Beverages Rating Class (%) Asset Class (%)
4.06
IT - Software 3.14 n Equity 65.83 n Equity 65.83
Construction 3.03 n Sovereign 10.44 n Units issued by InvIT 0.68
Transport Infrastructure 3.02 n Units issued by InvIT 0.68 n Units issued by ReIT 1.60
Power 2.77 n Units issued by ReIT 1.60 n G-Sec, G-Sec STRIPS, SDL 10.44
Diversified Fmcg n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 8.68 n Credit Exposure 13.05
2.43
n AA+ 3.58 n Cash, Cash Equivalents and Net Current Assets 8.40
Ferrous Metals 2.39 n AA/AA- 0.79
Agricultural, Commercial & Construction Vehicles 2.35 n Cash, Cash Equivalents and Net Current Assets 8.40
Finance 1.54 SIP PERFORMANCE ^ - Regular Plan - Growth Option
Insurance 1.37 Since Inception 15 year 10 year 5 year 3 year 1 year
Auto Components 0.84 SIP SIP SIP SIP SIP SIP
Non - Ferrous Metals 0.59 Total Amount Invested (` in Lacs) 24.00 18.00 12.00 6.00 3.60 1.20
Returns (%) 10.05 10.28 10.82 13.55 13.92 18.29
Fertilizers & Agrochemicals Benchmark Returns (%) # N.A. 9.83 10.11 11.63 12.21 16.66
0.50
Aerospace & Defense Additional Benchmark Returns (%) ## 6.43 6.48 6.20 5.78 7.55 10.34
0.46
Oil Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
0.43 after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
Cement & Cement Products 0.37 investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of
Entertainment capital. N.A. Not Available.
0.21
Agricultural Food & Other Products
0.02
0 5 10 15 20 Returns Returns Benchmark
Date Period^^ (%) (%)# Returns
(`)##
Aug 31, 23 Last 1 Year 18.44 16.28 8.82 11,844 11,628 10,882
Aug 31, 21 Last 3 Years 10.87 9.27 5.05 13,629 13,046 11,592
Aug 30, 19 Last 5 Years 12.08 10.96 5.28 17,694 16,831 12,939
Aug 28, 14 Last 10 Years 9.79 9.32 7.11 25,486 24,412 19,899
Sep 17, 04 Since Inception 9.75 NA 5.98 64,020 NA 31,893
^^Effective December 16, 2015, certain changes, including changes to fundamental attributes, were effected in the erstwhile HDFC Multiple
Yield Fund, (an open ended income scheme) which was renamed as HDFC Equity Savings Fund, an open ended equity scheme. On account
of these changes, the performance during the period(s) from September 17, 2004 to December 15, 2015 is not comparable.
comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made in debt instruments. For performance
of other schemes managed by Srinivasan Ramamurthy, Anil Bamboli, Arun Agarwal and Nirman Morakhia, please refer page 104. Different

HDFC Equity • Capital appreciation while

Savings Fund generating income over medium rate Moderately
Mode High
to long term. o
w t erate Hi rate Moderately
o Mode High
• Provide capital appreciation w t erate Hi
Mo Lo
gh
BENCHMARK
d
Mo Lo
gh
: NIFTY Equity and income distribution to the

d
Very
High
Low
Savings Index investors by using equity and

Very
High
Low
equity related instruments, RISKOMETER

arbitrage opportunities, and Investors understand that their principal will be at RISKOMETER
investments in debt and money moderately high risk Investors understand that their principal will be at
market instruments. moderate risk
August 2024 57
HDFC Hybrid Debt Fund CATEGORY OF SCHEME
CONSERVATIVE HYBRID FUND
(An open ended hybrid scheme investing predominantly in debt
instruments)
INVESTMENT OBJECTIVEKEY : ToFACTS
generate income / capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.

(Equities) (since December 14, 2021) Company Industry+ / Rating % to Company Industry+ / Rating % to
EQUITY & EQUITY RELATED 7.60% Tamil Nadu SDL Mat
Shobhit Mehrotra ICICI Bank Ltd. Banks 2.17 310131 Sovereign 0.12
(Debt) (since September 1, 2007) HDFC Bank Ltd.£ Banks 1.71 8.10% Tamil Nadu SDL - Mat
Total Experience: Over 31 years State Bank of India Banks 1.22 110325 Sovereign 0.08
Axis Bank Ltd. 8.15 GOI 2026 Sovereign 0.01
Banks 1.15 Sub Total
Infosys Limited IT - Software 1.10 25.59
DATE OF ALLOTMENT / INCEPTION DATE Bharti Airtel Ltd. Credit Exposure (Non Perpetual)
Telecom - Services 1.07 Indian Railways Finance
December 26, 2003 Reliance Industries Ltd. Petroleum Products 0.90 •
Tata Consultancy Services Ltd. Corp. Ltd. CRISIL - AAA 5.32
IT - Software 0.90 • HDFC Bank Ltd.£ CRISIL - AAA 4.52
ITC Ltd. Diversified Fmcg 0.82 Power Finance Corporation Ltd. CRISIL - AAA
Sun Pharmaceutical Industries Pharmaceuticals & • 3.15
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • National Bank for Agri & CRISIL - AAA / ICRA
Regular Plan - Growth Option 79.2093 Ltd. Biotechnology 0.82
Larsen and Toubro Ltd. Construction 0.77 Rural Dev. - AAA 3.15
Regular Plan - Monthly IDCW Option 14.8679 NTPC Limited • Tata Motors Ltd. CRISIL - AA+ 3.00
Regular Plan - Quarterly IDCW Option 15.7222 Power 0.75 Export - Import Bank of India CRISIL - AAA
Lupin Ltd. Pharmaceuticals & • 2.99
Direct Plan - Growth Option 83.8509 • Sikka Port and Terminal Ltd.
Direct Plan - Monthly IDCW Option 16.3458 Biotechnology 0.67
Cipla Ltd. Pharmaceuticals & (erstwhile Reliance Ports and
Direct Plan - Quarterly IDCW Option 17.2811 Biotechnology 0.64 Terminals Ltd.) CRISIL - AAA 2.99
Kotak Mahindra Bank Limited Banks 0.53 • Small Industries Development CARE - AAA / CRISIL
ASSETS UNDER MANAGEMENT Tata Motors Ltd. Automobiles 0.53 Bank - AAA 2.98
As on August 31, 2024 HCL Technologies Ltd. IT - Software 0.52 • Muthoot Finance Ltd. CRISIL - AA+ 2.54
• REC Limited. CRISIL - AAA 2.52
` 3,347.90 Cr. Aurobindo Pharma Ltd. Pharmaceuticals &
Housing and Urban
Average for Month of August 2024 Biotechnology 0.47
Bharat Petroleum Corporation Development Corporation Ltd. CARE - AAA 1.56
` 3,319.64 Cr. Ltd. Petroleum Products 0.43 National Highways Authority
SBI Life Insurance Company Ltd. Insurance 0.41 of India CRISIL - AAA 1.54
QUANTITATIVE DATA Oil & Natural Gas Corporation Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 1.51
Risk Ratio Ltd. Oil 0.40 Bajaj Housing Finance Ltd. CRISIL - AAA 1.50
n Standard Deviation 3.870% Coal India Ltd. Consumable Fuels 0.39 TVS Credit Services Ltd ICRA - AA 0.77
n Beta 1.109 Hindustan Petroleum Corp. Ltd. Petroleum Products 0.38 Bharti Telecom Limited CRISIL - AA+ 0.75
n Sharpe Ratio* 0.953 Petronet LNG Ltd. Gas 0.38 Cholamandalam Investment &
Computed for the 3-yr period ended August 31, TEGA INDUSTRIES LIMITED Industrial Finance Co. Ltd. ICRA - AA+ 0.75
2024. Based on month-end NAV. Manufacturing 0.38 Grasim Industries Ltd. CRISIL - AAA 0.75
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Power Grid Corporation of LIC Housing Finance Ltd. CRISIL - AAA 0.75
India Ltd. Power 0.37 State Bank of India CRISIL - AAA 0.75
For schemes which have not completed 3 years, Power Finance Corporation Ltd. Finance 0.36 HDFC ERGO General Insurance
data is computed since inception. Hindustan Aeronautics Limited Aerospace & Defense Co. Ltd. CRISIL - AAA 0.72
0.35
Residual Maturity * 7.81 years Mahindra & Mahindra Ltd. Automobiles 0.34 Bajaj Finance Ltd. CRISIL - AAA 0.71
Macaulay Duration * 4.83 years NHPC Ltd. Power 0.34 The Tata Power Company Ltd. CARE - AA+ 0.56
Modified Duration * 4.58 years Finolex Cables Ltd. Industrial Products 0.33 Vajra 006 Trust ICRA - AA(SO) 0.42
Annualized Portfolio YTM# * 7.50% Swaraj Engines Ltd. Industrial Products 0.31 Mahindra Rural Housing
#
semi annual YTM has been annualised. Gateway Distriparks Limited Transport Services 0.30 Finance Ltd IND - AA+ 0.30
*Calculated on amount invested in debt securities Great Eastern Shipping Power Grid Corporation of
(including accrued interest), deployment of funds Company Ltd. Transport Services 0.28 India Ltd. CRISIL - AAA 0.15
REC Limited. Finance 0.28 Sub Total 46.65
in TREPS and Reverse Repo and net receivable Goodyear India Ltd. Total 72.24
/ payable. CIE Automotive India Ltd Auto Components 0.21 UNITS ISSUED BY REIT & INVIT
Union Bank of India Banks 0.18 Units issued by InvIT
Bharat Dynamics Limited Aerospace & Defense 0.16 Bharat Highways InvIT Construction 0.09
TOTAL EXPENSE RATIO (As on August 31, 2024) SBI CARDS AND PAYMENT Sub Total 0.09
Including Additional Expenses and Goods and Service SERVICES LIMITED Finance 0.09 Units issued by ReIT
Tax on Management Fees Sub Total 23.64 Embassy Office Parks REIT Realty 0.58
Regular: 1.76%Direct: 1.23% DEBT & DEBT RELATED Sub Total 0.58
Government Securities (Central/State) Total 0.67
7.3 GOI 2053 Sovereign 2.32 Alternative Investment Fund Units
#BENCHMARK INDEX: 6.68 GOI 2031 Sovereign 2.22 Corporate Debt Market Development Fund 0.25
NIFTY 50 Hybrid Composite Debt 15:85 Index 7.18 GOI 2037 Sovereign 2.14 Sub Total 0.25
7.1 GOI 2029 Sovereign 1.51 Cash,Cash Equivalents and Net Current Assets 3.20
##ADDL. BENCHMARK INDEX: GOI 2034 Sovereign 1.51 Grand Total 100.00
CRISIL 10 year Gilt Index 6.58% Gujarat SDL - Mat
310327 Sovereign 1.48 • Top Ten Holdings, £ Sponsor
EXIT LOAD$$ : 7.34 GOI 2064 Sovereign 1.24
7.38 GOI 2027 Sovereign 1.11 Face Value per Unit: ` 10, + Industry Classification as
• In respect of each purchase/switch-in of Units, 7.36 GOI 2052 Sovereign 1.09 recommended by AMFI, CD - Certificate of Deposit; CP -
15% of the units (“the limit”) may be redeemed 7.41 GOI 2036 Sovereign 1.09
without any exit load from thedate of allotment. Commercial Papers. Data is as of August 31, 2024 unless
• Any redempti on in excess of the limit shall be 7.1 GOI 2034 Sovereign 1.06 otherwise specified.
subject to the following exit load: 6.54 GOI 2032 Sovereign 1.03
• Exit load of 1.00% is payableif Units are 7.26 GOI 2033 Sovereign 0.76
redeemed/switched-out within 1 year from the 7.64% Andhra Pradesh SDL ISD ¥ Dedicated Fund Manager for Overseas Investments:
date of allotment of units. Mr. Dhruv Muchhal (since June 22, 2023)
• No Exit Load is payable if Units areredeemed/ 170124 MAT 170131 Sovereign 0.76
switched-out aft er 1 year from the date of 7.09 GOI 2054 Sovereign 0.75 (Total Experience: Over 10 years).
allotment. GOI 2028 Sovereign 0.75
6.95 GOI 2061 Sovereign 0.74 Please refer Minimum Application Amount, Plans & Options, on
5.77 GOI 2030 Sovereign 0.71 Page no. 101 to 103.
GOI STRIPS - Mat 190327 Sovereign 0.52 $$For further details, please refer to para ‘Exit Load’ on page
7.23 GOI 2039 Sovereign 0.46 no. 104.
58 August 2024
HDFC Hybrid Debt Fund CATEGORY OF SCHEME

CONSERVATIVE HYBRID FUND
(An open ended hybrid scheme investing predominantly in debt
instruments)
Portfolio Portfolio
Classification By Classification By
Asset Class (%) Rating Class (%)
n Equity 23.64
n Equity 23.64 n Sovereign 25.59
n Units issued by InvIT 0.09 n Units issued by InvIT 0.09
n Units issued by ReIT 0.58 n Units issued by ReIT 0.58
n G-Sec, G-Sec STRIPS, SDL 25.59 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 37.56
n Securitized Debt Instruments 0.42 n AA+ 7.90
n Credit Exposure 46.23 n AA/AA- 1.19
n Alternative Investment Fund Units 0.25 n Alternative Investment Fund Units 0.25
n Cash, Cash Equivalents and Net Current Assets 3.20 n Cash, Cash Equivalents and Net Current Assets 3.20

Returns (%) 10.21 9.97 10.16 12.75 13.54 16.99

Returns Returns BenchmarkScheme (`) Benchmark Additional
(`)##
Aug 31, 23 Last 1 Year 16.86 11.69 8.82 11,686 11,169 10,882
Aug 31, 21 Last 3 Years 10.93 7.28 5.05 13,650 12,346 11,592
Aug 30, 19 Last 5 Years 11.56 8.97 5.28 17,291 15,371 12,939
Aug 28, 14 Last 10 Years 9.49 9.02 7.11 24,792 23,748 19,899
Returns greater than 1 year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of
its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.
For performance of other schemes managed by Srinivasan Ramamurthy and Shobhit Mehrotra, please refer page 104. Different plans
viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to
the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
Note: Effective close of business hours of May 25, 2018, HDFC MF Monthly Income Plan – Long Term Plan (MIP-LTP) underwent changes in
Fundamental Attributes and was renamed as HDFC Hybrid Debt Fund (HHDF) and HDFC MF Monthly Income Plan – Short Term Plan was
merged therein. As the portfolio structuring of HHDF closely resembles the erstwhile MIP-LTP, the past performance of MIP-LTP is provided,

HDFC Hybrid • To generate long-term income / Modera

oderate High tely
Debt Fund capital appreciation o M rate Moderately
• Investments primarily in debt o
w t erate Hi
Mo Lo
gh
d
securities, money market

Mo Lo
gh
BENCHMARK :
d
Very
instruments and moderate

High
Low
NIFTY 50 Hybrid
Very
High
Low
Composite Debt exposure to equities

RISKOMETER
15:85 Index Investors understand that their principal will be at RISKOMETER
moderately high risk Investors understand that their principal will be at
moderately high risk
August 2024 59
HDFC ELSS Tax saver
(Name changed from HDFC TaxSaver)
CATEGORY OF SCHEME
(An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit)
EQUITY LINKED SAVINGS SCHEME
INVESTMENT OBJECTIVE : To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance
FUND MANAGER ¥
Roshi Jain
(since January 13, 2022) PORTFOLIO
NAV NAV
DATE OF ALLOTMENT / INCEPTION DATE EQUITY & EQUITY RELATED Tata Steel Ltd. Ferrous Metals 0.65
March 31, 1996 • ICICI Bank Ltd. Banks 9.66 Popular Vehicles and Services
• HDFC Bank Ltd.£ Banks 9.27 Limited Automobiles 0.62
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Axis Bank Ltd. Banks 7.87 Teamlease Services Ltd. Commercial Services &
Supplies 0.58
Regular Plan - Growth Option 1379.646 • Cipla Ltd. Pharmaceuticals &
Regular Plan - IDCW Option 81.480 Biotechnology 5.44 Karur Vysya Bank Ltd. Banks 0.54
Direct Plan - Growth Option 1481.757 • Bharti Airtel Ltd. Telecom - Services 5.41 Oil & Natural Gas Corporation
Direct Plan - IDCW Option 107.071 Ltd. Oil 0.50
• HCL Technologies Ltd. IT - Software 5.34
• SBI Life Insurance Company Ltd. Insurance 4.84 Ltd. Entertainment 0.34
ASSETS UNDER MANAGEMENT
As on August 31, 2024 • Kotak Mahindra Bank Limited Banks 3.80 Delhivery Limited Transport Services 0.26
` 16,422.31 Cr. • Infosys Limited IT - Software 3.31 Coforge Limited IT - Software 0.19
Average for Month of August 2024 • Maruti Suzuki India Limited Automobiles 3.02 Reliance Industries Ltd. Petroleum Products 0.18
` 16,000.94 Cr. State Bank of India Banks 2.73 Sumitomo Chemical India Ltd Fertilizers &
Apollo Hospitals Enterprise Ltd. Healthcare Services 2.64 Agrochemicals 0.16
QUANTITATIVE DATA
Dr Reddys Laboratories Ltd. Pharmaceuticals & ZF Commercial Vehicle Control
Portfolio Turnover Biotechnology 1.93 Systems India Ltd Auto Components 0.16
Equity Turnover 40.36%
Total Turnover 41.51% Prestige Estates Projects Ltd. Realty 1.88 Sub Total 91.88
Total Turnover = Equity + Debt + Derivative Tech Mahindra Ltd. IT - Software 1.69 DEBT & DEBT RELATED
Risk Ratio Hindustan Aeronautics Limited Aerospace & Defense 1.64 Government Securities (Central/State)
n Standard Deviation 11.487% Bajaj Auto Limited Automobiles 1.53 7.38 GOI 2027 Sovereign 0.31
n Beta 0.858
n Sharpe Ratio* 1.439 Mahindra & Mahindra Ltd. Automobiles 1.37 Sub Total 0.31
Computed for the 3-yr period ended August 31, Power Grid Corporation of Cash,Cash Equivalents and Net Current Assets 7.81
2024. Based on month-end NAV. India Ltd. Power 1.34 Grand Total 100.00
* Risk free rate: 6.80% (Source: FIMMDA MIBOR) Eicher Motors Ltd. Automobiles 1.28
For schemes which have not completed 3 years, • Top Ten Holdings, £ Sponsor
data is computed since inception. Dr. Lal Path Labs Ltd Healthcare Services 1.19
Bajaj Electricals Ltd. Consumer Durables 1.17 Face Value per Unit: ` 10, + Industry Classification as
ESCORTS LTD. Agricultural, recommended by AMFI, Data is as of August 31, 2024 unless
TOTAL EXPENSE RATIO (As on August 31, 2024) Commercial &
Including Additional Expenses and Goods and Service Construction Vehicles 1.17 otherwise specified.
Metropolis Healthcare Ltd. Healthcare Services 1.04 ¥ Dedicated Fund Manager for Overseas Investments:
Regular: 1.70%Direct: 1.08% Crompton Greaves Consumer Mr. Dhruv Muchhal (since June 22, 2023)
Elec. Ltd. Consumer Durables 1.02 (Total Experience: Over 10 years).
#BENCHMARK INDEX: Larsen and Toubro Ltd. Construction 1.02
NIFTY 500 (Total Returns Index) Shoppers Stop Ltd. Retailing 0.99 Please refer Minimum Application Amount, Plans & Options, on
##ADDL. BENCHMARK INDEX: United Spirits Limited Beverages 0.99 Page no. 101 to 103.
NIFTY 50 (Total Returns Index) Star Health and Allied
Insurance Company Ltd Insurance 0.96 $$For further details, please refer to para ‘Exit Load’ on page
LOCK-IN PERIOD The Federal Bank Ltd. Banks 0.82 no. 104.
3 years from the date of allotment Lupin Ltd. Pharmaceuticals &
of the respective Units Biotechnology 0.68
EXIT LOAD$$ :
Nil
Mkt Value As on August 30, 2024 (` in Lacs) $$ 1,764.32 67.90 31.25 12.45 5.76 1.49
Returns (%) $$ 22.11 16.11 18.20 29.71 33.10 48.06
(%) ## $$ (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 47.91 41.58 32.64 14,791 14,158 13,264
Aug 31, 21 Last 3 Years 25.22 18.95 15.17 19,633 16,829 15,274
Aug 30, 19 Last 5 Years 23.70 22.70 19.37 28,998 27,845 24,262
Aug 28, 14 Last 10 Years 14.10 15.32 13.59 37,453 41,684 35,825
Mar 31, 96 Since Inception 22.85 14.94 13.42 3,480,270 524,237 359,422
Returns greater than 1 year period are compounded annualized (CAGR). $$ All Distributions declared prior to the splitting of the Scheme into IDCW
& Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-distribution NAV). For performance of
other schemes managed by Roshi Jain, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure.
Plan. As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of NIFTY
50 PRI values from Mar 29, 96 (Data for March 31, 96 is not available) to Jun 29, 99 and TRI values since Jun 30, 99. As NIFTY 500 TRI data is
not available for March 31, 96, benchmark performance is calculated from March 29, 96. For Performance of Direct Plan, refer page 109 to 115.
60 August 2024
HDFC ELSS Tax saver CATEGORY OF SCHEME
(Name changed from HDFC TaxSaver) EQUITY LINKED SAVINGS SCHEME
(An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit)
Industry Allocation of Equity Holding Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
(% of Net Assets) Benchmark (This product is suitable for (Current risk as per latest month
Banks 34.69
IT - Software 10.53 HDFC ELSS • To generate long-term capital Modera
Pharmaceuticals & Biotechnology oderate High tely
o M
8.05
rate Moderately
Tax saver appreciation / income
Automobiles 7.82 w t erate Hi Mode High
w t erate Hi
Mo Lo
gh
Insurance
d
5.80 of equity & equity related
Mo Lo
gh
BENCHMARK
d
Very
instruments
High
Low
: NIFTY 500
Very
High
Low
Consumer Durables 2.19 (Total Returns RISKOMETER
Realty 1.88 Index) Investors understand that their principal will be at RISKOMETER
Aerospace & Defense 1.64 very high risk Investors understand that their principal will be at
Power 1.34 very high risk
Agricultural, Commercial & Construction Vehicles 1.17 ~ Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
Construction 1.02 Scheme and Benchmark Riskometer As on August 31, 2024
Retailing 0.99
Beverages 0.99
IT - Services 0.66
Ferrous Metals 0.65
Oil 0.50
Entertainment 0.34
0 10 20 30 40
August 2024 61
HDFC Children's Gift Fund CATEGORY OF SCHEME
CHILDREN’S FUND
[An open ended fund for investment for children having a lock-in for atleast
5 years or till the child attains age of majority (whichever is earlier)] Ω
KEY FACTS
INVESTMENT OBJECTIVE : To generate capital appreciation / income from a portfolio of equity & equity related instruments and debt and money market instruments.
FUND MANAGER ¥
PORTFOLIO
Chirag Setalvad
(Equity Assets) (since April 2, 2007)
Company Industry+ / Rating % to Company Industry+ / Rating % to
Anil Bamboli NAV NAV
(Debt Assets) (since October 6, 2022) EQUITY & EQUITY RELATED 8.28 GOI 2027 Sovereign 0.47
Total Experience: Over 30 years • ICICI Bank Ltd. Banks 5.59 7.3 GOI 2053 Sovereign 0.42
• HDFC Bank Ltd.£ Banks 5.29 8.32 GOI 2032 Sovereign 0.33
• Reliance Industries Ltd. Petroleum Products 3.80 7.23 GOI 2039 Sovereign 0.31
DATE OF ALLOTMENT / INCEPTION DATE • Voltamp Transformers Ltd. Electrical Equipment 3.75 7.64% % Gujarat SDL ISD
March 2, 2001 • Larsen and Toubro Ltd. Construction 3.70 170124 Mat 170134 Sovereign 0.31
• Infosys Limited IT - Software 3.17 6.79 GOI 2027 Sovereign 0.30
• Finolex Cables Ltd. Industrial Products 2.83 7.26 GOI 2032 Sovereign 0.26
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) 7.63% Gujarat SDL ISD 240124
State Bank of India Banks 2.48
Regular Plan 292.892 Mat 240133 Sovereign 0.26
Direct Plan 322.443 Kotak Mahindra Bank Limited Banks 2.26
eClerx Services Limited Commercial Services &
Supplies 2.18 7.63% Gujarat SDL ISD 240124
Mat 240134 Sovereign 0.21
ASSETS UNDER MANAGEMENT ITC Ltd. Diversified Fmcg 1.98
7.65% Chhattisgarh SDL Mat
As on August 31, 2024 Newgen Software Technologies 310133 Sovereign 0.21
` 9,867.80 Cr. Ltd. IT - Software 1.94
Average for Month of August 2024 Sonata Software Ltd. IT - Software 1.85
` 9,708.07 Cr. Kirloskar Pneumatic Ltd. Industrial Products 1.81
7.62% Uttar Pradesh SDL ISD
QUANTITATIVE DATA AkzoNobel India Ltd. Consumer Durables 1.60 201223 MAT 201233 Sovereign 0.05
Portfolio Turnover Bharti Airtel Ltd. Telecom - Services 1.58 8.6 GOI 2028 Sovereign 0.05
Equity Turnover 12.61% Aster DM Healthcare Limited Healthcare Services 1.55
Total Turnover 12.61% Sub Total 23.62
Total Turnover = Equity + Debt + Derivative Bank of Baroda Banks 1.39 Credit Exposure (Non Perpetual)
Apollo Tyres Ltd. Auto Components 1.19 HDFC Bank Ltd.£ CRISIL - AAA 1.39
Residual Maturity * 8.83 years
Macaulay Duration * 4.81 years Rolex Rings Limited Auto Components 1.19 National Bank for Agri &
Modified Duration * 4.61 years Transport Corporation of Rural Dev. CRISIL - AAA / ICRA - AAA 1.31
Annualized Portfolio YTM# * 7.14% India Ltd. Transport Services 1.19 Bajaj Finance Ltd. CRISIL - AAA 1.01
#
semi annual YTM has been annualised. Ipca Laboratories Ltd. Pharmaceuticals &
*Calculated on amount invested in debt securities Small Industries Development CARE - AAA / CRISIL
Biotechnology 1.04 Bank - AAA 0.91
(including accrued interest), deployment of funds
in TREPS and Reverse Repo and net receivable Zensar Technologies Ltd. IT - Software 1.03 LIC Housing Finance Ltd. CRISIL - AAA 0.51
/ payable. Power Grid Corporation of Toyota Financial Services
India Ltd. Power 0.97 India Ltd. CRISIL - AAA 0.51
TOTAL EXPENSE RATIO (As on August 31, 2024) Carborundum Universal Ltd. Industrial Products 0.96 REC Limited. CRISIL - AAA 0.36
Including Additional Expenses and Goods and Service TEGA INDUSTRIES LIMITED Industrial Power Finance Corporation Ltd. CRISIL - AAA 0.27
Tax on Management Fees Manufacturing 0.86
Bank of Baroda CRISIL - AAA 0.15
Regular: 1.74%Direct: 0.90% Mahindra Holidays & Resorts
Ind Ltd. Leisure Services 0.73 Indian Railways Finance
Corp. Ltd. CRISIL - AAA 0.10
Bharat Petroleum Corporation
Ltd. Petroleum Products 0.72 Sub Total 6.52
#BENCHMARK INDEX: Credit Exposure (Perpetual Bonds)
NIFTY 50 Hybrid Composite Debt 65:35 Index PNC Infratech Ltd. Construction 0.61
Technocraft Industries (India) Bank of Baroda (AT1, BASEL III,
##ADDL. BENCHMARK INDEX: Ltd Industrial Products 0.57 Perpetual) CRISIL - AA+ 0.96
NIFTY 50 (Total Returns Index) Sub Total 0.96
Cholamandalam Financial
Holdings Ltd. Finance 0.54 Total 31.10
LOCK-IN PERIOD Axis Bank Ltd. Banks 0.49 Cash,Cash Equivalents and Net Current Assets 3.59
RHI MAGNESITA INDIA Limited Industrial Products 0.47 Grand Total 100.00
For Fresh investments by investors including
GMM Pfaudler Limited Industrial • Top Ten Holdings, £ Sponsor
SIP/STP registrations, etc (effective May 23, Manufacturing 0.44
2018): Equitas Small Finance Bank Ltd Banks 0.40
Lock-in period will be compulsory. Lock-in Face Value per Unit: ` 10, + Industry Classification as
Bajaj Finance Ltd. Finance 0.36 recommended by AMFI, Data is as of August 31, 2024 unless
period shall be earlier of Timken India Ltd. Industrial Products 0.36
• 5 Years from the date of allotment; or otherwise specified.
UNIPARTS INDIA LIMITED Auto Components 0.28
• Until the Unit holder (being the beneficiary VST Industries Ltd. Cigarettes & Tobacco ¥ Dedicated Fund Manager for Overseas Investments:
child) attains the age of majority Products 0.24 Mr. Dhruv Muchhal (since June 22, 2023)
RADIANT CASH MANAGEMENT Commercial Services & (Total Experience: Over 10 years).
SERVICES LIMITED Supplies 0.13
Sub Total 65.31 (Ω) Eligibility (of Unit holder) : Children not attained the age of
DEBT & DEBT RELATED majority as on the date of investment by the Investor / Applicant
Government Securities (Central/State) are eligible as Unit holders in the Scheme.
• 7.18 GOI 2033 Sovereign 4.75 Please refer Minimum Application Amount, Plans & Options, on
• 7.1 GOI 2029 Sovereign 3.33 Page no. 101 to 103.
• 7.1 GOI 2034 Sovereign 3.19 $$For further details, please refer to para ‘Exit Load’ on page
7.38 GOI 2027 Sovereign 2.37 no. 104.
7.64% Gujarat SDL ISD 170124
MAT 170133 Sovereign 0.47
62 August 2024
HDFC Children's Gift Fund CATEGORY OF SCHEME

CHILDREN’S FUND
[An open ended fund for investment for children having a lock-in for atleast
5 years or till the child attains age of majority (whichever is earlier)] Ω
EXIT LOAD$$ :
(i) For existing investments by investors including SIP /
SWAP registrations, etc. (until May 22, 2018)
In respect of units subject to lock-in period: Nil
In respect of units not subject to lock-in period:-
• In respect of each purchase/ Switch-in of units, an Portfolio Portfolio
exit load of 3% is payable if units are redeemed
/ switched-out within 1 year from the date of Classification By Classification By
allotment.
• In respect of each purchase/ Switch-in of units, an Asset Class (%) Rating Class (%)
exit load of 2% is payable if units are redeemed /
switched-out between 1st and 2nd year of the date
of allotment.
• In respect of each purchase/ Switch-in of units, an
exit load of 1% is payable if units are redeemed /
switched-out between 2nd and 3rd year of the date n Equity 65.31 n Equity 65.31
of allotment. n Sovereign 23.62
• No exit load is payable, if units are redeemed n G-Sec, SDL 23.62
/ switched-out after 3rd year from the date of n Credit Exposure 7.48 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 6.52
allotment. n AA+ 0.96
(ii) Fresh investments by investors including SIP/ SWAP n Cash, Cash Equivalents and Net Current Assets 3.59
registrations, etc (effective May 23, 2018): NIL

Industry Allocation of Equity Holding Total Amount Invested (` in Lacs) 28.20 18.00 12.00 6.00 3.60 1.20
(% of Net Assets) Mkt Value As on August 30, 2024 (` in Lacs) $ 279.24 68.77 28.59 10.45 5.04 1.39
Returns (%) $ 16.51 16.25 16.55 22.39 23.13 29.99
Banks 17.90 Additional Benchmark Returns (%) ## 15.54 14.68 16.34 21.52 21.70 34.34
IT - Software 7.99 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. N.A.
Not Available.
Petroleum Products 4.52 PERFORMANCE ^ - Regular Plan - Growth Option

Construction 4.31 Date Period (%) $ (%)# Returns
(%) ## $ (`)# Benchmark
(`)##
Electrical Equipment 3.75 Aug 31, 23 Last 1 Year 28.42 23.72 32.64 12,842 12,372 13,264
Aug 31, 21 Last 3 Years 17.42 11.98 15.17 16,189 14,042 15,274
Auto Components 2.66 Aug 30, 19 Last 5 Years 20.12 15.42 19.37 25,032 20,496 24,262
Aug 28, 14 Last 10 Years 14.69 11.98 13.59 39,467 31,063 35,825
Mar 02, 01 Since Inception 16.74 NA 15.00 380,760 NA 267,588
comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are
Diversified Fmcg 1.98 made in debt instruments. $ Adjusted for Bonus units declared under the Scheme. For performance of other schemes managed by Chirag
Setalvad & Anil Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The
Beverages 1.79 expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular
Consumer Durables 1.60 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
HDFC • Capital appreciation over long
rate Moderately
Children's Gift term. o Mode High Modera
Transport Services 1.19 w t erate Hi oderate High tely
• Investment in equity and equity o M
Fund w t erate Hi
Mo Lo
gh
d
related instruments as well

Mo Lo
gh
d

Very
as debt and money market

High
Low
BENCHMARK :
Very
High
Low
NIFTY 50 Hybrid instruments.

RISKOMETER
Power 0.97 Composite Debt RISKOMETER
65:35 Index very high risk Investors understand that their principal will be at
high risk
Finance 0.90
Cigarettes & Tobacco Products 0.24
0 10 20 30 40
August 2024 63
HDFC Retirement Savings Fund - Equity Plan
(A notified Tax Savings Cum Pension Scheme)
CATEGORY OF SCHEME
[An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement
RETIREMENT FUND
age (whichever is earlier)]
KEY FACTS
INVESTMENT OBJECTIVE : The investment objective of the Investment Plans under the Scheme is to provide long-term capital appreciation / income by investing in a mix of
equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
(Equities) (since December 14, 2021)
Shobhit Mehrotra Company Industry+ / Rating % to Company Industry+ / Rating % to
(Debt) (since February 25, 2016) NAV NAV
Total Experience: Over 31 years EQUITY & EQUITY RELATED Gujarat State Petronet Ltd. Gas 0.74
• HDFC Bank Ltd.£ Banks 7.62 Mahindra & Mahindra
DATE OF ALLOTMENT / INCEPTION DATE • ICICI Bank Ltd. Banks 6.13 Financial Services Ltd. Finance 0.73
• Infosys Limited IT - Software 3.55 AkzoNobel India Ltd. Consumer Durables 0.72
February 25, 2016 Finolex Industries Ltd. Industrial Products 0.68
• Reliance Industries Ltd. Petroleum Products 3.01 Cyient Ltd. IT - Services 0.66
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`)
• Bharti Airtel Ltd. Telecom - Services 2.91 Bharat Electronics Ltd. Aerospace & Defense 0.65
Regular Plan 51.481 Tata Steel Ltd. Ferrous Metals 0.63
Direct Plan 57.781 • State Bank of India Banks 2.71
• HCL Technologies Ltd. IT - Software 2.48 Tamilnadu Newsprint & Paper, Forest & Jute
Papers Ltd. Products 0.61
ASSETS UNDER MANAGEMENT • Kotak Mahindra Bank Limited Banks 2.37
Crisil Limited Finance 0.59
As on August 31, 2024 • Maruti Suzuki India Limited Automobiles 2.27
` 6,016.24 Cr. PVR LIMITED Entertainment 0.57
ITC Ltd. Diversified Fmcg 2.17
Average for Month of August 2024 InterGlobe Aviation Ltd. Transport Services 0.56
Larsen and Toubro Ltd. Construction 2.11
` 5,845.31 Cr. Cipla Ltd. Pharmaceuticals &
Equitas Small Finance Bank Ltd Banks 0.54
Biotechnology 1.93 Mahindra Holidays & Resorts
QUANTITATIVE DATA Ind Ltd. Leisure Services 0.54
Portfolio Turnover Bajaj Auto Limited Automobiles 1.81
Jindal Steel & Power Ltd. Ferrous Metals 0.53
Equity Turnover 13.38% United Spirits Limited Beverages 1.72
Total Turnover 13.38% GNA Axles Ltd. Auto Components 0.48
Voltamp Transformers Ltd. Electrical Equipment 1.64
Total Turnover = Equity + Debt + Derivative Indian Hotels Company Ltd. Leisure Services 0.48
Dr Reddys Laboratories Ltd. Pharmaceuticals &
Biotechnology 1.58 KEC International Ltd. Construction 0.47
TOTAL EXPENSE RATIO (As on August 31, 2024) ICICI Lombard General Insurance VRL Logistics Ltd. Transport Services 0.47
Including Additional Expenses and Goods and Service Co Insurance 1.42 Sanofi India Limited Pharmaceuticals &
Mahindra & Mahindra Ltd. Automobiles 1.31 Biotechnology 0.45
Regular: 1.77%Direct: 0.66% Indusind Bank Ltd. Banks 1.30 Timken India Ltd. Industrial Products 0.45
Transport Corporation of Max Healthcare Institute
#BENCHMARK INDEX: India Ltd. Transport Services 1.23 Limited Healthcare Services 0.43
NIFTY 500 (Total Returns Index) Hindustan Petroleum Corp. Ltd. Petroleum Products 1.20 Oracle Financial Ser Software
##ADDL. BENCHMARK INDEX: Ltd. IT - Software 0.37
Aurobindo Pharma Ltd. Pharmaceuticals &
NIFTY 50 (Total Returns Index) Biotechnology 1.17 Redington Ltd. Commercial Services &
Supplies 0.34
Godrej Consumer Products Ltd. Personal Products 1.16
LOCK-IN PERIOD Sanofi Consumer Healthcare Pharmaceuticals &
Tata Motors Ltd. Automobiles 1.16 India Limited Biotechnology 0.25
Existing investments by investors including SIP / STP
registrations, etc (until June 1, 2018): Torrent Pharmaceuticals Ltd. Pharmaceuticals & Cholamandalam Investment &
Biotechnology 1.16 Finance Co. Ltd. Finance 0.24
Units purchased cannot be assigned / transferred /
pledged / redeemed / switched out until completion Nippon Life India Asset Nilkamal Ltd. Consumer Durables 0.22
of 5 years from the date of allotment of Units under Management Limited Capital Markets 1.12
the Scheme. (Note: Exit Load may apply. Please refer JB Chemicals & Pharmaceuticals &
Page 104 to 113 for details. Finolex Cables Ltd. Industrial Products 1.09 Pharmaceuticals Ltd. Biotechnology 0.18
Fresh investments by investors including SIP / STP Gland Pharma Ltd. Pharmaceuticals & Bharat Dynamics Limited Aerospace & Defense 0.16
registrations, etc (effective June 2, 2018): Biotechnology 1.07
Sub Total 91.91
Units purchased cannot be assigned / transferred / The Anup Engineering Limited Industrial
pledged / redeemed / switched out until completion Manufacturing 1.03 UNITS ISSUED BY REIT & INVIT
of 5 years from the date of allotment of Units or Balrampur Chini Mills Ltd. Agricultural Food & Embassy Office Parks REIT Realty 0.84
Retirement Age of Unit holder (i.e. completion of
60 years), whichever is earlier. (Note: No exit load) Other Products 1.00 Sub Total 0.84
Max Financial Services Ltd. Insurance 0.98 Cash,Cash Equivalents and Net Current Assets 7.25
EXIT LOAD$$ : Bajaj Electricals Ltd. Consumer Durables 0.96 Grand Total 100.00
Existing investments by investors including SIP / STP Eicher Motors Ltd. Automobiles 0.91 • Top Ten Holdings, £ Sponsor
registrations, etc (until June 1, 2018): Firstsource Solutions Ltd. Commercial Services &
Exit Load (Upon completion of lock-in period of 5
years) Supplies 0.91 Face Value per Unit: ` 10, + Industry Classification as
Power Grid Corporation of recommended by AMFI, Data is as of August 31, 2024 unless
In respect of each purchase/switch-in of units offered India Ltd. Power 0.90
under the respective otherwise specified.
Investment Plan(s):- Chambal Fertilizers & Fertilizers &
• An Exit Load of 1% is payable if Units are redeemed/ Chemicals Ltd. Agrochemicals 0.86 ¥ Dedicated Fund Manager for Overseas Investments:
switched-out before completion of 60 years of age
• No Exit Load is payable if Units are redeemed / Delhivery Limited Transport Services 0.84 Mr. Dhruv Muchhal (since June 22, 2023)
switched-out on or after attainment of 60 years of Gateway Distriparks Limited Transport Services 0.83 (Total Experience: Over 10 years).
age.
Greenply Industries Ltd. Consumer Durables 0.80
Fresh investments by investors including SIP / STP Please refer Minimum Application Amount, Plans & Options, on
Kalpataru Projects International
registrations, etc (effective June 2, 2018): Ltd Construction 0.78 Page no. 101 to 103.
Exit Load (Upon completion of lock-in period) Nil
Star Health and Allied Insurance
Note: No Exit Load shall be imposed for switching Company Ltd Insurance 0.78 $$For further details, please refer to para ‘Exit Load’ on page
between Investment Plan(s) and Plans/Options within
Symphony Ltd. Consumer Durables 0.78 no. 104.
the Investment Plan(s), subject to completion of lock-
in period. Investors are requested to note that Switch Great Eastern Shipping Company
is treated as redemption and entails tax consequences. Ltd. Transport Services 0.77
PNC Infratech Ltd. Construction 0.75
64 August 2024
HDFC Retirement Savings Fund - Equity Plan
(A notified Tax Savings Cum Pension Scheme)
CATEGORY OF SCHEME
RETIREMENT FUND
Since Inception SIP 5 year SIP 3 year SIP 1 year SIP
(% of Net Assets) Total Amount Invested (` in Lacs) 10.30 6.00 3.60 1.20
Banks 23.80
Pharmaceuticals & Biotechnology 7.79 Returns (%) 22.04 29.63 30.04 41.07
Automobiles 7.46 Benchmark Returns (%) # 19.65 25.72 27.23 42.69
IT - Software 6.40 Additional Benchmark Returns (%) ## 17.58 21.52 21.70 34.34
Transport Services 4.70 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Petroleum Products 4.21 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
Construction 4.11 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Insurance 3.18
Industrial Products 2.98 PERFORMANCE ^ - Regular Plan - Growth Option
Telecom - Services 2.91 Scheme Benchmark Additional Value of ` 10,000 invested
Diversified Fmcg 2.17 Returns Returns Benchmark
Beverages 1.72 Date Period (%) (%)# Returns Scheme (`) Benchmark Additional
Electrical Equipment 1.64 (%) ## (`)# Benchmark
(`)##
Finance 1.56
Commercial Services & Supplies 1.25 Aug 31, 23 Last 1 Year 37.49 41.58 32.64 13,749 14,158 13,264
Ferrous Metals 1.16 Aug 31, 21 Last 3 Years 22.80 18.95 15.17 18,519 16,829 15,274
Personal Products 1.16 Aug 30, 19 Last 5 Years 26.27 22.70 19.37 32,145 27,845 24,262
Leisure Services 1.02 Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Srinivasan Ramamurthy
Agricultural Food & Other Products 1.00 and Shobhit Mehrotra, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses
Power 0.90 of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For
Fertilizers & Agrochemicals 0.86 Performance of Direct Plan, refer page 109 to 115.
Gas 0.74 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
IT - Services 0.66 consideration for computation of performance.
Paper, Forest & Jute Products 0.61
Entertainment 0.57
0 5 10 15 20 25
HDFC • A corpus to provide for pension in

Modera
Retirement the form of income to the extent oderate High tely
o M Modera
oderate High tely
of the redemption value of their w t erate Hi
Savings Fund o M
w t erate Hi
Mo Lo
gh
holding after the age of 60 years.
d
- Equity Plan
Mo Lo
gh
• Investment predominantly
d
Very
High
in equity and equity related Low
Very
High
Low
BENCHMARK
instruments. RISKOMETER
: NIFTY 500 RISKOMETER
(Total Returns very high risk Investors understand that their principal will be at
Index) very high risk
August 2024 65
HDFC Retirement Savings Fund - Hybrid Equity Plan CATEGORY OF SCHEME
(A notified Tax Savings Cum Pension Scheme) RETIREMENT FUND
KEY FACTS
INVESTMENT OBJECTIVE : The investment objective of the Investment Plans under the Scheme is to provide long-term capital appreciation / income by investing in a mix of
equity and debt instruments to help investors meet their retirement goals. There is no assurance that the investment objective of the Scheme will be achieved.

(Equities) (since December 14, 2021)
Shobhit Mehrotra NAV NAV
(Debt) (since February 25, 2016) EQUITY & EQUITY RELATED GNA Axles Ltd. Auto Components 0.43
Total Experience: Over 31 years Sanofi India Limited Pharmaceuticals &
• HDFC Bank Ltd.£ Banks 5.67
• ICICI Bank Ltd. Banks 5.42 Biotechnology 0.43
• Reliance Industries Ltd. Petroleum Products 2.85 Tamilnadu Newsprint & Paper, Forest & Jute
DATE OF ALLOTMENT / INCEPTION DATE Papers Ltd. Products 0.43
• State Bank of India Banks 2.57
February 25, 2016 KEC International Ltd. Construction 0.42
Mahindra Holidays & Resorts
• Bharti Airtel Ltd. Telecom - Services 2.50 Ind Ltd. Leisure Services 0.39
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • Axis Bank Ltd. Banks 2.22 Procter & Gamble Health Ltd. Pharmaceuticals &
Regular Plan 38.670 • Larsen and Toubro Ltd. Construction 2.10 Biotechnology 0.39
Direct Plan 43.456 • HCL Technologies Ltd. IT - Software 1.93 Max Healthcare Institute
Kotak Mahindra Bank Limited Banks 1.91 Limited Healthcare Services 0.38
ITC Ltd. Diversified Fmcg 1.90 Global Health Limited Healthcare Services 0.36
ASSETS UNDER MANAGEMENT Cipla Ltd. Pharmaceuticals & Timken India Ltd. Industrial Products 0.36
As on August 31, 2024 Biotechnology 1.56 Popular Vehicles and Services
` 1,587.24 Cr. Maruti Suzuki India Limited Automobiles 1.56 Limited Automobiles 0.35
Average for Month of August 2024 Bajaj Auto Limited Automobiles 1.37 Redington Ltd. Commercial Services &
` 1,548.46 Cr. ICICI Lombard General Supplies 0.31
Insurance Co Insurance 1.35 STERLING TOOLS LIMITED Auto Components 0.26
QUANTITATIVE DATA Power Grid Corporation of Sanofi Consumer Healthcare Pharmaceuticals &
Portfolio Turnover India Ltd. Power 1.13 India Limited Biotechnology 0.24
Equity Turnover 12.03% United Spirits Limited Beverages 1.11 Nilkamal Ltd. Consumer Durables 0.18
Total Turnover = Equity + Debt + Derivative Vesuvius India Ltd. Industrial Products 1.09 OCCL Limited Chemicals &
Residual Maturity * 4.31 years Voltamp Transformers Ltd. Electrical Equipment 1.09 Petrochemicals 0.18
Macaulay Duration * 3.09 years Mahindra & Mahindra Ltd. Automobiles 1.06 Oriental Carbon & Chemicals Chemicals &
Modified Duration * 2.97 years Ltd. Petrochemicals 0.10
Annualized Portfolio YTM# * 7.00% Crompton Greaves Consumer Sub Total 71.86
#
semi annual YTM has been annualised. Elec. Ltd. Consumer Durables 1.05
Hindustan Aeronautics Limited Aerospace & Defense 1.03 DEBT & DEBT RELATED
*Calculated on amount invested in debt securities
(including accrued interest), deployment of funds Aurobindo Pharma Ltd. Pharmaceuticals & Government Securities (Central/State)
in TREPS and Reverse Repo and net receivable Biotechnology 0.99 • 7.26 GOI 2032 Sovereign 1.93
/ payable. Suprajit Engineering Ltd. Auto Components 0.99 6.1 GOI 2031 Sovereign 1.87
Firstsource Solutions Ltd. Commercial Services & 7.18 GOI 2037 Sovereign 1.61
TOTAL EXPENSE RATIO (As on August 31, 2024) Supplies 0.96 7.18 GOI 2033 Sovereign 1.60
Including Additional Expenses and Goods and Service Balrampur Chini Mills Ltd. Agricultural Food & 7.26 GOI 2033 Sovereign 1.29
Tax on Management Fees Other Products 0.94 7.57 GOI 2033 Sovereign 0.82
Regular: 2.09%Direct: 0.93% Godrej Consumer Products Ltd. Personal Products 0.93 6.67 GOI 2050 Sovereign 0.61
Hindustan Petroleum Corp. Ltd. Petroleum Products 0.89 Sub Total 9.73
Max Financial Services Ltd. Insurance 0.88 Credit Exposure (Non Perpetual)
#BENCHMARK INDEX: Torrent Pharmaceuticals Ltd. Pharmaceuticals & Power Finance Corporation Ltd. CRISIL - AAA 1.60
NIFTY 50 Hybrid Composite Debt 65:35 Index Biotechnology 0.88
Muthoot Finance Ltd. ICRA - AA+ 1.58
##ADDL. BENCHMARK INDEX: Gujarat State Petronet Ltd. Gas 0.84
Mahindra Rural Housing Finance
NIFTY 50 (Total Returns Index) Alembic Pharmaceuticals Pharmaceuticals & Ltd IND - AA+ 0.95
Limited Biotechnology 0.83
Power Grid Corporation of India
Transport Corporation of Ltd. CRISIL - AAA 0.32
LOCK-IN PERIOD India Ltd. Transport Services 0.75
Sub Total 4.45
Existing investments by investors including SIP / CIE Automotive India Ltd Auto Components 0.74
STP registrations, etc (until June 1, 2018): Total 14.18
Bajaj Electricals Ltd. Consumer Durables 0.71
Units purchased cannot be assigned / transferred UNITS ISSUED BY REIT & INVIT
/ pledged / redeemed / switched out until The Anup Engineering Limited Industrial
Manufacturing 0.70 Embassy Office Parks REIT Realty 0.86
completion of 5 years from the date of allotment
of Units under the Scheme. (Note: Exit Load may Wipro Ltd. IT - Software 0.68 Sub Total 0.86
apply. Please refer Page 104 to 113 for details. Cash,Cash Equivalents and Net Current Assets 13.10
Gland Pharma Ltd. Pharmaceuticals &
Fresh investments by investors including SIP / STP Biotechnology 0.66 Grand Total 100.00
registrations, etc (effective June 2, 2018):
Units purchased cannot be assigned / transferred City Union Bank Ltd. Banks 0.65 • Top Ten Holdings, £ Sponsor
/ pledged / redeemed / switched out until Tata Steel Ltd. Ferrous Metals 0.60
completion of 5 years from the date of allotment Bayer Cropscience Ltd Fertilizers &
of Units or Retirement Age of Unit holder (i.e. Face Value per Unit: ` 10, + Industry Classification as
completion of 60 years), whichever is earlier. Agrochemicals 0.59 recommended by AMFI, Data is as of August 31, 2024 unless
(Note: No exit load) Equitas Small Finance Bank Ltd Banks 0.59 otherwise specified.
Finolex Industries Ltd. Industrial Products 0.59
Goodyear India Ltd. Auto Components 0.59 ¥ Dedicated Fund Manager for Overseas Investments:
Lumax Industries Ltd Auto Components 0.59 Mr. Dhruv Muchhal (since June 22, 2023)
Mahindra & Mahindra (Total Experience: Over 10 years).
Financial Services Ltd. Finance 0.59
Sonata Software Ltd. IT - Software 0.59 Please refer Minimum Application Amount, Plans & Options, on
Bharat Electronics Ltd. Aerospace & Defense 0.51 Page no. 101 to 103.
PVR LIMITED Entertainment 0.48 $$For further details, please refer to para ‘Exit Load’ on page
no. 104.
Ltd Construction 0.47
Rolex Rings Limited Auto Components 0.47
UTI Asset Management
Company Ltd Capital Markets 0.47
66 August 2024
HDFC Retirement Savings Fund - Hybrid Equity Plan CATEGORY OF SCHEME
EXIT LOAD$$ :
registrations, etc (until June 1, 2018):
Exit Load (Upon completion of lock-in period of 5
years) Portfolio Portfolio
In respect of each purchase/switch-in of units offered Classification By Classification By
under the respective
Investment Plan(s):- Asset Class (%) Rating Class (%)
• An Exit Load of 1% is payable if Units are redeemed/
switched-out before completion of 60 years of age
switched-out on or after attainment of 60 years of
age. n Equity 71.86 n Equity 71.86
n Sovereign 9.73
Fresh investments by investors including SIP / STP n Units issued by ReIT 0.86 n
registrations, etc (effective June 2, 2018): Units issued by ReIT 0.86
Exit Load (Upon completion of lock-in period) Nil
n G-Sec 9.73 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 1.92
n Credit Exposure 4.45 n AA+ 2.53
Note: No Exit Load shall be imposed for switching n Cash, Cash Equivalents and Net Current Assets 13.10
between Investment Plan(s) and Plans/Options within n Cash, Cash Equivalents and Net Current Assets 13.10
the Investment Plan(s), subject to completion of lock-
in period. Investors are requested to note that Switch
is treated as redemption and entails tax consequences.

Industry Allocation of Equity Holding Total Amount Invested (` in Lacs) 10.30 6.00 3.60 1.20
(% of Net Assets)
Returns (%) 16.96 21.33 22.57 31.73
Banks 19.03
Pharmaceuticals & Biotechnology 5.98 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
IT - Software 5.73 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
Automobiles 4.34
Construction 2.99 Scheme Benchmark Additional Value of ` 10,000 invested
Telecom - Services 2.50 Returns Returns Benchmark
Insurance 2.23 (%) ## (`)# Benchmark
(`)##
Industrial Products 2.04 Aug 31, 23 Last 1 Year 27.56 23.72 32.64 12,756 12,372 13,264
Consumer Durables 1.94 Aug 31, 21 Last 3 Years 16.11 11.98 15.17 15,655 14,042 15,274
Diversified Fmcg 1.90 Aug 30, 19 Last 5 Years 19.17 15.42 19.37 24,060 20,496 24,262
Aerospace & Defense 1.54 Feb 25, 16 Since Inception 17.21 14.61 17.80 38,670 31,946 40,358
Commercial Services & Supplies 1.27 Returns greater than 1 year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of its
Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in debt instruments. For
Power 1.13 performance of other schemes managed by Srinivasan Ramamurthy and Shobhit Mehrotra, please refer page 104. Different plans viz. Regular
Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the
Beverages 1.11 distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
Agricultural Food & Other Products 0.94 consideration for computation of performance.
Realty 0.86
Gas 0.84
Transport Services 0.75 Benchmark (This product is suitable for (Current risk as per latest month
Healthcare Services 0.74 investors who are seeking ~) end portfolio)
Ferrous Metals 0.60 the form of income to the extent
Retirement Modera
Finance 0.59 oderate High tely
Savings of the redemption value of their o M rate Moderately
Fertilizers & Agrochemicals 0.59 holding after the age of 60 years. w t erate Hi Mode High
o
Fund - Hybrid w t erate Hi
Mo Lo
gh
d
IT - Services 0.50 • Investment predominantly

Mo Lo
gh
Equity Plan
d

Very
High
Low
Entertainment 0.48
Very
High
Low
instruments & balance in debt

Capital Markets 0.47 BENCHMARK : RISKOMETER
and money market instruments.
Paper, Forest & Jute Products 0.43 NIFTY 50 Hybrid Investors understand that their principal will be at RISKOMETER
Composite Debt very high risk Investors understand that their principal will be at
Leisure Services 0.39 high risk
Chemicals & Petrochemicals 0.28 65:35 Index
0 10 20 30 40 ~ Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
August 2024 67
HDFC Retirement Savings Fund - Hybrid Debt Plan CATEGORY OF SCHEME
KEY FACTS
INVESTMENT OBJECTIVE : The investment objective of the Scheme is to provide long term capital appreciation/income by investing in a mix of equity and debt instruments
to help investors meet their retirement goals. There is no assurance that the investment objective of the Scheme will be achieved.

(Equities) (since December 14, 2021) Company Industry+ / % to NAV % exposure Company Industry+ / % to NAV % exposure
Total Experience: Over 17 years Rating (Hedged & of Derivative Rating (Hedged & of Derivative
Shobhit Mehrotra Unhedged) Unhedged)
(Debt) (since February 26, 2016) EQUITY & EQUITY RELATED Redington Ltd. Commercial
Total Experience: Over 31 years Services &
• Tata Consultancy Services Supplies 0.17 0.00
Ltd. IT - Software 9.29 8.72
DATE OF ALLOTMENT / INCEPTION DATE • Larsen and Toubro Ltd. Construction 4.51 3.74 Popular Vehicles and
Services Limited Automobiles 0.14 0.00
February 26, 2016 ICICI Bank Ltd. Banks 2.28 0.00 STERLING TOOLS LIMITED Auto Components 0.13 0.00
HDFC Bank Ltd.£ Banks 2.22 0.00 Sanofi Consumer Pharmaceuticals
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Infosys Limited IT - Software 1.20 0.00 Healthcare India Limited & Biotechnology 0.11 0.00
Regular Plan 20.8877 Reliance Industries Ltd. Petroleum OCCL Limited Chemicals &
Direct Plan 23.3341 Products 1.12 0.00 Petrochemicals 0.08 0.00
Bharti Airtel Ltd. Telecom - Services 0.98 0.00 Oriental Carbon & Chemicals &
Chemicals Ltd. Petrochemicals 0.05 0.00
ASSETS UNDER MANAGEMENT State Bank of India Banks 0.98 0.00
As on August 31, 2024 Sub Total 38.09 0.00
Axis Bank Ltd. Banks 0.94 0.00
` 161.68 Cr. ITC Ltd. Diversified Fmcg 0.93 0.00
DEBT & DEBT RELATED
Average for Month of August 2024 Government Securities (Central/State)
` 160.62 Cr. United Spirits Limited Beverages 0.87 0.00
• 6.67 GOI 2050 Sovereign 8.92 0.00
Voltamp Transformers Electrical
QUANTITATIVE DATA Ltd. Equipment 0.87 0.00 • 6.19 GOI 2034 Sovereign 5.87 0.00
Residual Maturity * 8.07 years ICICI Lombard General • 7.57 GOI 2033 Sovereign 4.84 0.00
Macaulay Duration * 4.97 years Insurance Co Insurance 0.79 0.00 • 8.97 GOI 2030 Sovereign 3.76 0.00
Modified Duration * 4.76 years Transport Corporation of
Annualized Portfolio YTM# * 7.30% India Ltd. Transport Services 0.67 0.00 • 7.5 GOI 2034 Sovereign 3.22 0.00
#
semi annual YTM has been annualised. 7.54 GOI 2036 Sovereign 0.10 0.00
*Calculated on amount invested in debt securities Dr Reddys Laboratories Pharmaceuticals
(including accrued interest), deployment of funds Ltd. & Biotechnology 0.65 0.00 Sub Total 26.71 0.00
in TREPS and Reverse Repo and net receivable Maruti Suzuki India Credit Exposure (Non Perpetual)
/ payable. Limited Automobiles 0.61 0.00 • Mahindra Rural Housing
SBI Life Insurance Finance Ltd IND - AA+ 6.22 0.00
TOTAL EXPENSE RATIO (As on August 31, 2024) Company Ltd. Insurance 0.57 0.00 • Indian Railways Finance
Gujarat State Petronet Corp. Ltd. CRISIL - AAA 3.22 0.00
Ltd. Gas 0.55 0.00 HDFC Bank Ltd.£ CRISIL - AAA 2.97 0.00
Regular: 2.14%Direct: 1.02% Vesuvius India Ltd. Industrial Products 0.50 0.00 Power Finance
Symphony Ltd. Consumer Corporation Ltd. CRISIL - AAA 0.66 0.00
#BENCHMARK INDEX: Durables 0.48 0.00 Sub Total 13.07 0.00
NIFTY 50 Hybrid Composite Debt 15:85 Index Finolex Cables Ltd. Industrial Products 0.45 0.00 Credit Exposure (Perpetual Bonds)
##ADDL. BENCHMARK INDEX: Bayer Cropscience Ltd Fertilizers &
CRISIL 10 Year Gilt Index Agrochemicals 0.43 0.00 • TMF Holdings Ltd.
(Subsidiary of Tata
Hindustan Aeronautics Aerospace & Motors Ltd.) (Perpetual) CRISIL - NA 6.12 0.00
LOCK-IN PERIOD Limited Defense 0.43 0.00
Existing investments by investors including SIP / Sub Total 6.12 0.00
STP registrations, etc (until June 1, 2018): Torrent Pharmaceuticals Pharmaceuticals Total 45.90 0.00
Units purchased cannot be assigned / transferred Ltd. & Biotechnology 0.43 0.00
/ pledged / redeemed / switched out until Gujarat Pipavav Port Ltd. Transport Cash,Cash Equivalents and Net Current Assets 16.01 0.00
completion of 5 years from the date of allotment
of Units under the Scheme. (Note: Exit Load may Infrastructure 0.42 0.00 Grand Total 100.00 12.46
apply. Please refer Page 104 to 113 for details. Kalpataru Projects
Fresh investments by investors including SIP / STP • Top Ten Holdings, £ Sponsor
Units purchased cannot be assigned / transferred Hindustan Petroleum Petroleum Outstanding exposure in derivative instruments (` in Crore) 20.14
/ pledged / redeemed / switched out until Corp. Ltd. Products 0.39 0.00
completion of 5 years from the date of allotment Hedged position in Equity & Equity related instruments
of Units or Retirement Age of Unit holder (i.e. Balrampur Chini Mills Agricultural Food
completion of 60 years), whichever is earlier. Ltd. & Other Products 0.37 0.00 Outstanding derivative exposure (% age) 12.46
(Note: No exit load) Alembic Pharmaceuticals Pharmaceuticals Face Value per Unit: ` 10, + Industry Classification as
Limited & Biotechnology 0.33 0.00 recommended by AMFI, Data is as of August 31, 2024 unless
EXIT LOAD$$ : Power Grid Corporation otherwise specified.
registrations, etc (until June 1, 2018): of India Ltd. Power 0.33 0.00 ¥ Dedicated Fund Manager for Overseas Investments:
Exit Load (Upon completion of lock-in period of 5 City Union Bank Ltd. Banks 0.32 0.00 Mr. Dhruv Muchhal (since June 22, 2023)
years) (Total Experience: Over 10 years).
Gateway Distriparks
In respect of each purchase/switch-in of units offered Limited Transport Services 0.31 0.00
under the respective Please refer Minimum Application Amount, Plans & Options, on
Investment Plan(s):- Goodyear India Ltd. Auto Components 0.29 0.00 Page no. 101 to 103.
• An Exit Load of 1% is payable if Units are redeemed/
switched-out before completion of 60 years of age Global Health Limited Healthcare $$For further details, please refer to para ‘Exit Load’ on page
• No Exit Load is payable if Units are redeemed / Services 0.28 0.00
switched-out on or after attainment of 60 years of no. 104.
age. Lumax Industries Ltd Auto Components 0.27 0.00
The Anup Engineering Industrial
Fresh investments by investors including SIP / STP Limited Manufacturing 0.27 0.00
Exit Load (Upon completion of lock-in period) Nil Insecticides (India) Ltd. Fertilizers &
Agrochemicals 0.26 0.00
Note: No Exit Load shall be imposed for switching
between Investment Plan(s) and Plans/Options within Sanofi India Limited Pharmaceuticals
the Investment Plan(s), subject to completion of lock- & Biotechnology 0.21 0.00
in period. Investors are requested to note that Switch
is treated as redemption and entails tax consequences. PVR LIMITED Entertainment 0.19 0.00
NET EQUITY EXPOSURE:

25.63%
68 August 2024
HDFC Retirement Savings Fund - Hybrid Debt Plan CATEGORY OF SCHEME
n Equity 38.09
n Equity 38.09 n Sovereign 26.71
n G-Sec 26.71 n AAA/AAA(SO)/A1+/
Portfolio n Credit Exposure 19.19 Portfolio
Classification By A1+(SO) & Equivalent 6.85
Classification By Cash, Cash n AA+ 6.22
Asset Class (%) Equivalents and Rating Class (%) n A+ & Below 6.12
n
Net Current n Cash, Cash Equivalents
Assets 16.01 and Net Current Assets 16.01
KEY FACTS
Total Amount Invested (` in Lacs) 10.30 6.00 3.60 1.20
Returns (%) 8.96 10.29 11.60 15.78

(`)##
Aug 31, 23 Last 1 Year 13.89 11.69 8.82 11,389 11,169 10,882
Aug 31, 21 Last 3 Years 8.88 7.28 5.05 12,909 12,346 11,592
Aug 30, 19 Last 5 Years 9.48 8.97 5.28 15,733 15,371 12,939
Returns greater than 1 year period are compounded annualized (CAGR). Scheme performance may not strictly be comparable with that of its
Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. For
performance of other schemes managed by Srinivasan Ramamurthy and Shobhit Mehrotra, please refer page 104. Different plans viz. Regular
Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the
distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.


Retirement the form of income to the extent Modera
oderate High tely
Savings Fund of the redemption value of their o M Modera
holding after the age of 60 years. o M
- Hybrid Debt w t erate Hi
Mo Lo
gh
d
• Investment predominantly in debt

Mo Lo
gh
Plan
d
and money market instruments

Very
High
Low
Very
High
Low
& balance in equity and equity

BENCHMARK : related instruments. RISKOMETER
NIFTY 50 Hybrid Investors understand that their principal will be at RISKOMETER
Composite Debt moderately high risk Investors understand that their principal will be at
15:85 Index
August 2024 69
HDFC Overnight Fund CATEGORY OF SCHEME
OVERNIGHT FUND
(An open ended debt scheme investing in overnight securities. A
Relatively Low Interest Rate Risk and Relatively Low Credit Risk)
INVESTMENT OBJECTIVE : To generate returns by investing in debt and money market instruments with overnight maturity. There is no assurance that the investment
FUND MANAGER PORTFOLIO

Anil Bamboli Face Value per Unit: ` 1,000, Data is as of August 31, 2024
(since July 30, 2012) Company Rating % to
Total Experience: Over 30 years NAV unless otherwise specified. N.A. Not Available
DEBT & DEBT RELATED ^^Calculated on all calendar days.
T-Bills Please refer Minimum Application Amount, Plans & Options, on
DATE OF ALLOTMENT / INCEPTION DATE Page no. 101 to 103.
• 182 Days Tbill ISD 070324 MAT
February 06, 2002 050924 Sovereign 2.24 $$For further details, please refer to para ‘Exit Load’ on page
• 182 Days TBill Mat 120924 Sovereign 1.62 no. 104.
NAV (AS ON AUGUST 31, 2024)^^ NAV PER UNIT (`) • 182 Days TBill ISD 210324 Mat
Regular Plan - Growth Option 3,617.4753 190924 Sovereign 1.56
Regular Plan - Daily IDCW • 182 Day Tbill Mat 260924 Sovereign 0.31
Reinvestment Option 1,042.8406 Sub Total 5.73
Direct Plan - Growth Option 3,650.0683
Direct Plan - Daily IDCW Cash,Cash Equivalents and Net Current Assets 94.27
Reinvestment Option 1,042.8432 Grand Total 100.00
` 9,577.90 Cr.
Average for Month of August 2024 SIP PERFORMANCE ^ - Regular Plan - Growth Option
` 10,808.15 Cr. Since Inception 15 year 10 year 5 year 3 year 1 year
QUANTITATIVE DATA Total Amount Invested (` in Lacs) 27.10 18.00 12.00 6.00 3.60 1.20
Residual Maturity * 3 days Mkt Value As on August 30, 2024 (` in Lacs) 55.72 28.24 15.67 6.87 3.95 1.24
Macaulay Duration * 3 days
Modified Duration * 2 days Returns (%) 5.92 5.75 5.21 5.33 6.20 6.61
Annualized Portfolio YTM# * 6.67% Benchmark Returns (%) # N.A. 5.91 5.39 5.53 6.39 6.76
#
semi annual YTM has been annualised. Additional Benchmark Returns (%) ## 6.17 6.33 6.03 5.83 6.70 7.69
*Calculated on amount invested in debt securities Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
(including accrued interest), deployment of funds accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
in TREPS and Reverse Repo and net receivable simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. SIP facility
/ payable. in the Scheme has been made available from November 12, 2020.
TOTAL EXPENSE RATIO (As on August 31, 2024) PERFORMANCE ^ - Regular Plan - Growth Option
Tax on Management Fees Scheme Benchmark Value of ` 10,000 invested
Additional
Regular: 0.19%Direct: 0.10% Date Period (%) (%)# Returns
(`)##
#BENCHMARK INDEX: Aug 24, 24 Last 7 days 6.27 6.48 6.29 10,012 10,012 10,012
CRISIL Liquid Overnight Index Aug 16, 24 Last 15 days 6.24 6.42 6.51 10,026 10,026 10,027
##ADDL. BENCHMARK INDEX: Jul 31, 24 Last 1 Month 6.22 6.38 7.23 10,053 10,054 10,061
CRISIL 1 year T-Bill Index Aug 31, 23 Last 1 Year 6.66 6.83 7.50 10,668 10,685 10,752
Aug 31, 21 Last 3 Years 5.52 5.72 5.67 11,749 11,816 11,803
Aug 30, 19 Last 5 Years 4.68 4.87 5.54 12,574 12,692 13,101
EXIT LOAD$$ :
Aug 31, 14 Last 10 Years 5.56 5.73 6.43 17,191 17,464 18,658
Nil Feb 06, 02 Since Inception 5.86 NA 5.98 36,175 NA 37,083
Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available. For
performance of other schemes managed by Anil Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different
expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission
charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
Portfolio Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
Classification By
Asset Class (%) investors who are seeking ~) end portfolio)
HDFC • Regular income over short term

rate Moderately
Overnight that may be in line with the o Mode High Modera
overnight call rates o M
Fund w t erate Hi
Mo Lo
gh
d
• To generate returns by investing

Mo Lo
gh
d
n T-Bills 5.73
Very
in debt and money market

Low
High
BENCHMARK
Very

Low
High
: CRISIL Liquid instruments with overnight

RISKOMETER
Overnight Index maturity RISKOMETER
low risk Investors understand that their principal will be at
low risk
Potential Risk Class (Maximum risk the Scheme can take)

Portfolio
Classification By Credit Risk → Relatively Low Moderate Relatively High
Rating Class (%) Interest Rate Risk ↓ (Class A) (Class B) (Class C)
Relatively Low (Class I) A-I
Moderate (Class II)
n Sovereign 5.73 Relatively High (Class III)
n Cash, Cash Equivalents and Net Current Assets 94.27 A-I - A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.
70 August 2024
HDFC Liquid Fund CATEGORY OF SCHEME
LIQUID FUND
(An open ended liquid scheme. A Relatively Low Interest Rate Risk and Moderate Credit Risk)
KEY FACTS
INVESTMENT OBJECTIVE : To generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the
Scheme will be achieved.

Anupam Joshi
(since October 27, 2015) Company Rating % to Company Rating % to
Swapnil Jangam DEBT & DEBT RELATED ICICI SECURITIES PRIMARY
Government Securities (Central/State) DEALERSHIP CRISIL - A1+ 0.77
(since October 6, 2022)
Total Experience: Over 13 years • 6.18 GOI 2024 Sovereign 5.79 Jamnagar Utilities & Power Pvt.
Ltd. (erstwhile Reliance Utilities &
GOI STRIPS - Mat 190924 Sovereign 0.07 Power Pvt. Ltd.) CRISIL - A1+ 0.77
GOI STRIPS - Mat 061124 Sovereign 0.02 Kotak Mahindra Prime Ltd. CRISIL - A1+ 0.77
DATE OF ALLOTMENT / INCEPTION DATE
GOI STRIPS - Mat 120924 Sovereign 0.02 Reliance Industries Ltd. CRISIL - A1+ 0.77
October 17, 2000 8.73% Karnataka SDL Mat 291024 Sovereign 0.01 SMFG India Credit Company Ltd CARE - A1+ 0.77
Sub Total 5.91 The Tata Power Company Ltd. CRISIL - A1+ 0.77
NAV (AS ON AUGUST 31, 2024)^^ NAV PER UNIT (`) T-Bills ONGC Petro additions Ltd. (OPAL)
Regular Plan - Growth Option 4,838.1535 • 91 Days TBill ISD 040724 Mat (Put on ONGC Ltd.) CRISIL - A1+ 0.62
Regular Plan - Daily IDCW 031024 Sovereign 9.91 Bajaj Financial Securities Limited CRISIL - A1+ 0.54
Reinvestment Option 1,020.0101 • 91 Days Tbill MAT 181024 Sovereign 4.59
Regular Plan - Weekly IDCW Option 1,031.9642 Indian Oil Corporation Ltd. ICRA - A1+ 0.54
Regular Plan - Monthly IDCW Option 1,027.2304 91 Days Tbill MAT 311024 Sovereign 0.85 Godrej Industries Ltd. CRISIL - A1+ 0.48
Direct Plan - Growth Option 4,886.9239 182 Days TBill ISD 210324 Mat
Direct Plan - Daily IDCW 1,020.0124 Aditya Birla Money Limited CRISIL - A1+ 0.44
190924 Sovereign 0.71
Reinvestment Option L&T Finance Ltd. CRISIL - A1+ 0.38
Direct Plan - Weekly IDCW Option 1,031.9757 364 Days Tbill MAT 311024 Sovereign 0.49
Julius Baer Capital (India) Pvt. Ltd. CRISIL - A1+ 0.31
Direct Plan - Monthly IDCW Option 1,027.2418 91 Days Tbill MAT 101024 Sovereign 0.46
Tata Consumer Products Limited CARE - A1+ 0.31
182 Day Tbill Mat 011124 Sovereign 0.38
TATA POWER RENEWABLE ENERGY
ASSETS UNDER MANAGEMENT J 364 Days TBill Mat 241024 Sovereign 0.15 LTD. CRISIL - A1+ 0.31
As on August 31, 2024 Sub Total 17.54
` 64,247.80 Cr. BROOKFIELD INDIA REAL ESTATE
Credit Exposure (Non Perpetual) TRUST CRISIL - A1+ 0.25
HDFC Bank Ltd.£ CRISIL - AAA 1.17 Bharti Hexacom Limited CRISIL - A1+ 0.22
` 66,298.43 Cr.
REC Limited. CRISIL - AAA 1.15 John Deere Financial India Pvt. Ltd. CRISIL - A1+ 0.15
QUANTITATIVE DATA TMF Holdings Ltd. (Subsidiary of Tata Teleservices Ltd. CRISIL - A1+ 0.15
Residual Maturity * 43 days Tata Motors Ltd.) CRISIL - AA+ 0.49 HSBC InvestDirect Financial
Macaulay Duration * 42 days LIC Housing Finance Ltd. CRISIL - AAA 0.40 Services (India) Ltd. CRISIL - A1+ 0.07
Modified Duration * 39 days Cholamandalam Investment &
Annualized Portfolio YTM# * 7.14% Power Finance Corporation Ltd. CRISIL - AAA 0.31
Bharti Telecom Limited CRISIL - AA+ 0.23 Finance Co. Ltd. CRISIL - A1+ 0.04
#
semi annual YTM has been annualised.
Larsen and Toubro Ltd. CRISIL - AAA 0.19 Sub Total 47.70
*Calculated on amount invested in debt securities
(including accrued interest), deployment of funds ICICI Home Finance Ltd CRISIL - AAA 0.18 CD
in TREPS and Reverse Repo and net receivable TATA Capital Housing Finance Ltd. CRISIL - AAA 0.16 • Union Bank of India IND - A1+ 6.20
/ payable. Tata Capital Ltd. ICRA - AAA 0.14 • Bank of Baroda IND - A1+ 6.10
Kotak Mahindra Prime Ltd. CRISIL - AAA 0.09 • Punjab National Bank CARE - A1+ / ICRA -
TOTAL EXPENSE RATIO (As on August 31, 2024) A1+ / IND - A1+ 6.09
Sundaram Home Finance Limited ICRA - AAA 0.09
Including Additional Expenses and Goods and Service • IDBI Bank Limited CRISIL - A1+ 5.04
Tax on Management Fees Mahindra Rural Housing Finance
Ltd IND - AA+ 0.08 Punjab & Sind Bank ICRA - A1+ 1.77
Regular: 0.28%Direct: 0.20% Indusind Bank Ltd. CRISIL - A1+ 1.55
Cholamandalam Investment &
Finance Co. Ltd. ICRA - AA+ 0.04 Indian Bank CRISIL - A1+ 1.52
#BENCHMARK INDEX: Sub Total 4.72 Canara Bank CRISIL - A1+ 1.01
CRISIL Liquid Debt A-I Index Total 28.17 Axis Bank Ltd. CRISIL - A1+ 0.97
##ADDL. BENCHMARK INDEX: MONEY MARKET INSTRUMENTS RBL Bank Ltd. ICRA - A1+ 0.77
CRISIL 1 year T-Bill Index CP Bank of Maharashtra CRISIL - A1+ 0.76
• National Bank for Agri & Rural Dev. CRISIL - A1+ / ICRA Sub Total 31.78
EXIT LOAD$$ : - A1+ 4.64 Total 79.48
• On investments made on or before October 19, 2019: • Reliance Retail ventures Ltd. CRISIL - A1+ 4.35
NIL Alternative Investment Fund Units
• On investments (including through existing systematic • Tata Steel Ltd. CRISIL - A1+ 3.10 Corporate Debt Market Development Fund 0.24
plan registrations) made on or after October 20,
2019, as follows: Reliance Jio Infocomm Ltd. CRISIL - A1+ 3.06 Sub Total 0.24
Mahindra & Mahindra Financial Cash,Cash Equivalents and Net Current Assets -7.89
Units redeemed / Exit load as a Services Ltd. CRISIL - A1+ 2.69
switched-out within “X” % of Grand Total 100.00
redemption
Export - Import Bank of India CRISIL - A1+ 2.48
days from the date of • Top Ten Holdings
allotment proceeds Tata Motors Finance Ltd. CARE - A1+ 2.47
ICICI Securities Ltd CRISIL - A1+ 2.23 Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP -
Day 1 0.0070% Aditya Birla Finance Ltd. ICRA - A1+ 2.04 Commercial Papers. Data is as of August 31, 2024 unless otherwise
Day 2 0.0065% specified.
Kotak Securities Ltd. CRISIL - A1+ 1.70
Day 3 0.0060%
Day 4 0.0055%
UltraTech Cement Limited CRISIL - A1+ 1.54 ¥ Dedicated Fund Manager for Overseas Investments:
Larsen and Toubro Ltd. CRISIL - A1+ 1.53 Mr. Dhruv Muchhal (since June 22, 2023)
Day 5 0.0050% (Total Experience: Over 10 years).
Day 6 0.0045% Bajaj Finance Ltd. CRISIL - A1+ 1.48
Day 7 onwards Nil J Includes investments made by the schemes of HDFC Mutual Fund
Tata Communications Limited CRISIL - A1+ 0.93
aggregating to ` 779.64 Crores.
SBICap Securities Limited CRISIL - A1+ 0.92
^^Calculated on all calendar days.
Muthoot Finance Ltd. CRISIL - A1+ 0.78
NTPC Limited CRISIL - A1+ 0.78 Page no. 101 to 103.
Small Industries Development
Bank CARE - A1+ 0.78 $$For further details, please refer to para ‘Exit Load’ on page
AXIS Securities Limited CRISIL - A1+ 0.77 no. 104.
August 2024 71
HDFC Liquid Fund CATEGORY OF SCHEME

LIQUID FUND
(An open ended liquid scheme. A Relatively Low Interest Rate Risk and Moderate Credit Risk)
Portfolio Portfolio
n Sovereign 23.45
n G-Sec, G-Sec STRIPS, SDL, T-Bills 23.45 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 83.36
n CP 47.70 n AA+ 0.84
n CD 31.78 n Alternative Investment Fund Units 0.24
n Credit Exposure 4.72 n Cash, Cash Equivalents and Net Current Assets -7.89
n Alternative Investment Fund Units 0.24
n Cash, Cash Equivalents and Net Current Assets -7.89

Returns (%) 6.75 6.50 5.82 5.77 6.71 7.33
simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. SIP facility
in the Scheme has been made available from November 12, 2020.

(`)##
Aug 24, 24 Last 7 days 6.61 6.80 6.29 10,013 10,013 10,012
Aug 16, 24 Last 15 days 6.71 6.88 6.51 10,028 10,028 10,027
Jul 31, 24 Last 1 Month 6.76 6.86 7.23 10,057 10,058 10,061
Aug 31, 23 Last 1 Year 7.29 7.32 7.50 10,731 10,734 10,752
Aug 31, 21 Last 3 Years 5.91 6.06 5.67 11,882 11,931 11,803
Aug 31, 19 Last 5 Years 5.14 5.31 5.54 12,853 12,955 13,099
Aug 31, 14 Last 10 Years 6.30 6.34 6.43 18,433 18,508 18,658
Oct 17, 00 Since Inception 6.82 NA 6.25 48,382 NA 42,540
Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available. For
performance of other schemes managed by Anupam Joshi and Swapnil Jangam, please refer page 104. Different plans viz. Regular Plan and
Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater
than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio
maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.

HDFC Liquid • Regular income over short term Modera

oderate High tely
Fund • To generate income through o M Modera
a portfolio comprising money o M
w t erate Hi
Mo Lo
gh
d
market and debt instruments

Mo Lo
gh
BENCHMARK
d
Very
High
Low
: CRISIL Liquid
Very
High
Low
Debt A-I Index RISKOMETER

moderate risk Investors understand that their principal will be at
low to moderate risk
Credit Risk → Relatively Low Moderate Relatively High
Interest Rate Risk ↓ (Class A) (Class B) (Class C)
Relatively Low (Class I) B-I
Moderate (Class II)
Relatively High (Class III)
B-I - A Scheme with Relatively Low Interest Rate Risk and Moderate Credit Risk.
72 August 2024
HDFC Ultra Short Term Fund
[An open ended ultra-short term debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
ULTRA SHORT DURATION FUND
Duration of the portfolio is between 3 months and 6 months (Refer page 2 for definition of Macaulay
Duration). A Moderate Interest Rate Risk and Moderate Credit Risk]
KEY FACTS
INVESTMENT OBJECTIVE : To generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the
investment objective of the Scheme will be achieved.

Anil Bamboli
(since September 25, 2018) Issuer Rating % to Issuer Rating % to
DEBT & DEBT RELATED Bajaj Finance Ltd. CRISIL - AAA 0.07
Praveen Jain Government Securities (Central/State) Sub Total 39.07
(w.e.f. August 31, 2024) 7.52% Gujarat SDL - Mat 080325 Sovereign 1.04 Total 48.52
Total Experience: Over 19 years 8.87% Himachal Pradesh SDL Mat 161024 Sovereign 0.90 MONEY MARKET INSTRUMENTS
6.18 GOI 2024 Sovereign 0.69 CP
8.06% Andhra Pradesh SDL - Mat 250225 Sovereign 0.35 • Small Industries Development Bank CARE - A1+ 2.65
DATE OF ALLOTMENT / INCEPTION DATE 8.06% Rajasthan SDL Mat 110225 Sovereign 0.35 Birla Group Holdings Pvt. Ltd. CRISIL - A1+ 2.16
Floating Rate GOI 2024 Sovereign 0.34 ICICI Securities Ltd CRISIL - A1+ 1.98
September 25, 2018 8.39% Rajasthan SDL UDAY - Mat 150325 Sovereign 0.26 Tata Teleservices Ltd. CRISIL - A1+ 1.95
9.15 GOI 2024 Sovereign 0.23 Kotak Securities Ltd. CRISIL - A1+ 1.32
8.02% Tamil Nadu SDL UDAY - Mat 220325 Sovereign 0.21 Larsen and Toubro Ltd. CRISIL - A1+ 1.00
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) GOI STRIPS - Mat 161224 Sovereign 0.21 Panatone Finvest Ltd. CRISIL - A1+ 1.00
GOI STRIPS - Mat 120325 Sovereign 0.20 Infina Finance Pvt. Ltd. CARE - A1+ / CRISIL - A1+ 0.84
Regular Plan - Growth Option 14.2624 7.89% Gujarat SDL - Mat 150525 Sovereign 0.17 BROOKFIELD INDIA REAL ESTATE TRUST CRISIL - A1+ 0.70
Regular Plan - Daily IDCW 8.21% Rajasthan SDL UDAY - Mat 310325 Sovereign 0.13 SHAREKHAN LIMITED CRISIL - A1+ 0.67
Reinvestment Option 10.1030 8.10% Tamil Nadu SDL - Mat 110325 Sovereign 0.07 Tata Teleservices (Maharashtra) Ltd. CRISIL - A1+ 0.40
Regular Plan - Weekly IDCW Option 10.0563 GOI STRIPS - Mat 151224 Sovereign 0.02 Barclays Invest & Loans (India) Ltd. CRISIL - A1+ 0.34
Regular Plan - Monthly IDCW Option 10.1563 8.21% Haryana SDL Uday - Mat 310325 Sovereign 0.01 Bahadur Chand Investments Pvt. Ltd. CARE - A1+ 0.33
Sub Total 5.18 Motilal Oswal Finvest Limited CRISIL - A1+ 0.33
Direct Plan - Growth Option 14.5308 T-Bills Motilal Oswal Financial Services Ltd. ICRA - A1+ 0.24
Direct Plan - Daily IDCW 10.0920 182 Day Tbill ISD 290824 Mat 270225 Sovereign 1.33 Sub Total 15.91
Reinvestment Option 182 Days Tbill MAT 090125 Sovereign 1.01 CD
Direct Plan - Weekly IDCW Option 10.0566 182 Days Tbill MAT 221124 Sovereign 0.78 • Small Industries Development Bank CARE - A1+ 5.56
Direct Plan - Monthly IDCW Option 10.0567 182 Days TBill Mat 051224 Sovereign 0.34 • Union Bank of India CRISIL - A1+ / IND - A1+ 4.97
364 Days TBill Mat 060225 Sovereign 0.33 • Canara Bank CRISIL - A1+ 3.84
ASSETS UNDER MANAGEMENT 182 Days TBill Mat 141124 Sovereign 0.31 • Punjab National Bank CARE - A1+ / CRISIL - A1+ /
As on August 31, 2024 364 DAYS T-BILL MAT 051224 Sovereign 0.17 ICRA - A1+ 3.47
Sub Total 4.27 • Bank of Baroda IND - A1+ 3.33
` 14,543.31 Cr. Credit Exposure (Non Perpetual) Axis Bank Ltd. CRISIL - A1+ 2.52
Average for Month of August 2024 • National Bank for Agri & Rural Dev. CRISIL - AAA / ICRA - AAA 5.62 The Federal Bank Ltd. CRISIL - A1+ 2.47
• Embassy Office Parks REIT CRISIL - AAA 4.47 Kotak Mahindra Bank Limited CRISIL - A1+ 1.67
` 14,619.45 Cr. • LIC Housing Finance Ltd. CRISIL - AAA 3.76 National Bank for Agri & Rural Dev. CRISIL - A1+ / ICRA - A1+ /
• Bharti Telecom Limited CRISIL - AA+ 2.71 IND - A1+ 1.17
QUANTITATIVE DATA REC Limited. CRISIL - AAA 2.50 Au Small Finance Bank Ltd. CRISIL - A1+ / IND - A1+ 0.99
Residual Maturity * 158 days Power Finance Corporation Ltd. CRISIL - AAA 2.07 Bank of India CRISIL - A1+ 0.99
Macaulay Duration * 155 days John Deere Financial India Pvt. Ltd. CRISIL - AAA 2.06 ICICI Bank Ltd. ICRA - A1+ 0.32
Modified Duration * 157 days HDFC Bank Ltd.£ CRISIL - AAA 1.89 Sub Total 31.30
Annualized Portfolio YTM# * 7.62% DLF Cyber City Developers Ltd. CRISIL - AA+ 1.85 Total 47.21
#
semi annual YTM has been annualised. VAJRA 009 TRUST ICRA - AAA(SO) 1.24 Alternative Investment Fund Units
*Calculated on amount invested in debt securities CanFin Homes Ltd. CARE - AAA / ICRA - AA+ 1.23 Corporate Debt Market Development Fund 0.24
(including accrued interest), deployment of funds in SMFG India Credit Company Ltd ICRA - AAA 1.17 Sub Total 0.24
TREPS and Reverse Repo and net receivable / payable. Larsen and Toubro Ltd. CRISIL - AAA 1.10 Cash,Cash Equivalents and Net Current Assets 4.03
Small Industries Development Bank CARE - AAA 1.09 Grand Total 100.00
TOTAL EXPENSE RATIO (As on August 31, 2024) Bajaj Housing Finance Ltd. CRISIL - AAA 1.03
SMFG India Home Finance Company Ltd CARE - AAA 0.86 • Top Ten Holdings
Including Additional Expenses and Goods and Service TATA Housing Development Co Ltd. CARE - AA 0.52
Tax on Management Fees Vajra 004 Trust CRISIL - AAA(SO) 0.40 Outstanding exposure in derivative
GIC Housing Finance Ltd. CRISIL - AA+ 0.34 instruments Interest Rate Swap (` in Crore) 450.00
Regular: 0.69%Direct: 0.37% L&T Metro Rail (Hyderabad) Ltd CRISIL - AAA(CE) 0.34
Mahindra Rural Housing Finance Ltd IND - AA+ 0.34 Face Value per Unit: ` 10, CD - Certificate of Deposit; CP - Commercial
Sikka Port and Terminal Ltd. (erstwhile Papers. Data is as of August 31, 2024 unless otherwise specified.
Reliance Ports and Terminals Ltd.) CRISIL - AAA 0.34
#BENCHMARK INDEX: Titan Company Ltd. CRISIL - AAA 0.34 ¥ Dedicated Fund Manager for Overseas Investments:
CRISIL Ultra Short Duration Debt A-I Index Vajra 006 Trust ICRA - AAA(SO) 0.34 Mr. Dhruv Muchhal (since June 22, 2023)
##ADDL. BENCHMARK INDEX: TATA Capital Housing Finance Ltd. CRISIL - AAA 0.31 (Total Experience: Over 10 years).
Aditya Birla Fashion and Retail Ltd. CRISIL - AA+ 0.31 Please refer Minimum Application Amount, Plans & Options, on
CRISIL 1 year T-Bill Index National Housing Bank CRISIL - AAA 0.21
Motilal Oswal Finvest Limited ICRA - AA 0.17 Page no. 101 to 103.
EXIT LOAD$$ : The Tata Power Company Ltd. CARE - AA+ 0.17 $$For further details, please refer to para ‘Exit Load’ on page
Power Grid Corporation of India Ltd. CRISIL - AAA 0.14
Nil Jamnagar Utilities & Power Pvt. Ltd. (erstwhile no. 104.
Reliance Utilities & Power Pvt. Ltd.) CRISIL - AAA 0.08

Portfolio Total Amount Invested (` in Lacs) 7.20 6.00 3.60 1.20
Classification By Mkt Value As on August 30, 2024 (` in Lacs) 8.62 6.97 3.98 1.25
Asset Class (%) Returns (%) 5.95 5.93 6.68 7.38
n G-Sec, G-Sec STRIPS, SDL, T-Bills 9.45 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
n Securitized Debt Instruments 1.98 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
n CP 15.91
n CD 31.30 PERFORMANCE ^ - Regular Plan - Growth Option
n Credit Exposure 37.09 Scheme Benchmark Value of ` 10,000 invested
Additional
n Alternative Investment Fund Units 0.24 Date Period (%) (%)# Returns
n Cash, Cash Equivalents and Net Current Assets 4.03 (%) ## (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 7.24 7.59 7.50 10,724 10,759 10,750
Aug 31, 21 Last 3 Years 5.81 6.25 5.67 11,846 11,993 11,801
Aug 30, 19 Last 5 Years 5.68 5.88 5.54 13,186 13,311 13,099
Portfolio Sep 25, 18 Since Inception 6.17 6.32 6.03 14,262 14,386 14,158
Classification By Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Anil Bamboli and
Rating Class (%) Praveen Jain, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the
Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance
of Direct Plan, refer page 109 to 115.
n Sovereign 9.45 Load is not taken into consideration for computation of performance.
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 79.36
n AA+ 6.23 interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
n AA/AA- 0.69 lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater
n Alternative Investment Fund Units 0.24 than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio
n Cash, Cash Equivalents and Net Current Assets 4.03 maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
August 2024 73
HDFC Ultra Short Term Fund
[An open ended ultra-short term debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
ULTRA SHORT DURATION FUND
Duration of the portfolio is between 3 months and 6 months (Refer page 2 for definition of Macaulay
Duration). A Moderate Interest Rate Risk and Moderate Credit Risk]

HDFC Ultra • Income over short term

rate Moderately
Short Term • Income/capital appreciation o Mode High Modera
through investment in debt o M
Fund w t erate Hi
Mo Lo
gh
d
securities and money market
Mo Lo
gh
d
Very
instruments
High
Low
BENCHMARK
Very
High
Low
: CRISIL Ultra RISKOMETER
Short Duration Investors understand that their principal will be at RISKOMETER
Debt A-I Index low to moderate risk Investors understand that their principal will be at

Relatively Low (Class I)
Moderate (Class II) B-II
B-II - A Scheme with Moderate Interest Rate Risk and Moderate Credit Risk.
74 August 2024
HDFC Low Duration Fund
[An open ended low duration debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
LOW DURATION FUND
Duration of the portfolio is between 6 months and 12 months (Refer page 2 for definition of
Macaulay Duration). A Relatively High Interest Rate Risk and Moderate Credit Risk]
INVESTMENT OBJECTIVEKEY : To generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the
FACTS
FUND MANAGER ¥
Anupam Joshi PORTFOLIO
Issuer Rating % to NAV Issuer Rating % to NAV
Praveen Jain DEBT & DEBT RELATED Mahanagar Telephone Nigam Ltd.
Total Experience: Over 19 years Government Securities (Central/State) (Corporate guarantee from Govt
• Floating Rate GOI 2033 Sovereign 7.18 of India) CRISIL - AAA(CE) 0.28
GOI 2031 Sovereign 2.84 Nuvoco Vistas Corporation Ltd.
DATE OF ALLOTMENT / INCEPTION DATE GOI 2028 Sovereign 2.80 (100% subsidiary of Nirma Ltd. &
November 18, 1999 6.82% Bihar SDL - ISD 140721 Mat erstwhile Lafarge India Ltd.) CRISIL - AA 0.28
140728 Sovereign 0.52 Jamnagar Utilities & Power Pvt.
8.21% Haryana UDAY SDL - Mat Ltd. (erstwhile Reliance Utilities &
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Power Pvt. Ltd.) CRISIL - AAA 0.27
Regular Plan - Growth Option 54.2725 7.90% Tamil Nadu SDL UDAY - Mat TVS Credit Services Ltd ICRA - AA 0.26
Regular Plan - Daily IDCW 220327 Sovereign 0.02 JM Financial Asset Reconstruction
Reinvestment Option 10.1428 Co. Ltd. ICRA - AA- 0.24
Regular Plan - Weekly IDCW Option 10.0663 GOI STRIPS - Mat 170627 Sovereign 0.02
GOI STRIPS - Mat 171226 Sovereign 0.02 Godrej Industries Ltd. CRISIL - AA 0.14
Regular Plan - Monthly IDCW Option 10.1463 Housing and Urban Development
Direct Plan - Growth Option 58.5732 GOI STRIPS - Mat 171227 Sovereign 0.02
Direct Plan - Daily IDCW 10.0655 7.84% Maharashtra SDL MAT Corporation Ltd. CARE - AAA 0.14
Reinvestment Option 130726 Sovereign 0.01 Nomura Capital India Pvt. Ltd. IND - AAA 0.14
Direct Plan - Weekly IDCW Option 10.0670 Sub Total 13.57 Sub Total 68.45
Direct Plan - Monthly IDCW Option 10.1495 Credit Exposure (Non Perpetual) Total 82.02
• National Bank for Agri & Rural CRISIL - AAA / ICRA MONEY MARKET INSTRUMENTS
ASSETS UNDER MANAGEMENT J Dev. - AAA 9.29 CP
As on August 31, 2024 • Small Industries Development CARE - AAA / CRISIL Panatone Finvest Ltd. CRISIL - A1+ 1.46
` 17,940.45 Cr. Bank - AAA 8.70 SHAREKHAN LIMITED CARE - A1+ 0.82
Average for Month of August 2024 • Power Finance Corporation Ltd. CRISIL - AAA 7.52 Sub Total 2.28
` 18,151.19 Cr. • REC Limited. CARE - AAA / CRISIL - CD
AAA / ICRA - AAA 6.25 • Punjab National Bank ICRA - A1+ / IND
QUANTITATIVE DATA • LIC Housing Finance Ltd. CRISIL - AAA 4.03 - A1+ 3.76
Residual Maturity * 1.95 years • Bharti Telecom Limited CRISIL - AA+ 3.68 • Indusind Bank Ltd. CRISIL - A1+ 3.55
Macaulay Duration * 0.89 year • HDB Financial Services Ltd. CRISIL - AAA 3.14 Axis Bank Ltd. CRISIL - A1+ 1.90
Modified Duration * 0.83 year Titan Company Ltd. CRISIL - AAA 2.79 Union Bank of India IND - A1+ 1.62
Annualized Portfolio YTM# * 7.92% Bajaj Housing Finance Ltd. CRISIL - AAA 1.82 Canara Bank CRISIL - A1+ 1.48
#
semi annual YTM has been annualised. Sansar Trust July 2023 II CRISIL - AAA(SO) 1.70 IDFC First Bank Limited CRISIL - A1+ 0.67
*Calculated on amount invested in debt securities SMFG India Credit Company Ltd ICRA - AAA 1.39 Bank of India CRISIL - A1+ 0.54
(including accrued interest), deployment of funds in Indus Towers Limited CRISIL - AA+ 1.39 Sub Total 13.52
TREPS and Reverse Repo and net receivable / payable. Mahindra Rural Housing Finance Total 15.80
Ltd CRISIL - AAA 1.31 Alternative Investment Fund Units
TOTAL EXPENSE RATIO (As on August 31, 2024) Larsen and Toubro Ltd. CRISIL - AAA 1.11 Corporate Debt Market Development Fund 0.27
Including Additional Expenses and Goods and Service Arka Fincap Limited CRISIL - AA 0.99 Sub Total 0.27
Tax on Management Fees ONGC Petro additions Ltd. (OPAL) CARE - AAA(CE) / Cash,Cash Equivalents and Net Current Assets 1.91
Regular: 1.04%Direct: 0.45% (Put on ONGC Ltd.) CRISIL - AA 0.85 Grand Total 100.00
Motilal Oswal Finvest Limited CRISIL - AA / ICRA • Top Ten Holdings, £ Sponsor
- AA 0.84
#BENCHMARK INDEX: Embassy Office Parks REIT CRISIL - AAA 0.84
Nifty Low Duration Debt Index A-I Outstanding exposure in derivative
National Housing Bank CRISIL - AAA 0.83 instruments Interest Rate Swap (` in Crore) 900.00
##ADDL. BENCHMARK INDEX: TATA Capital Housing Finance Ltd. CRISIL - AAA 0.82
CRISIL 1 year T-Bill Index TMF Holdings Ltd. (Subsidiary of Face Value per Unit: ` 10, CD - Certificate of Deposit; CP - Commercial Papers. Data
Tata Motors Ltd.) CRISIL - AA+ 0.66 is as of August 31, 2024 unless otherwise specified.
EXIT LOAD$$ : SMFG India Home Finance ¥ Dedicated Fund Manager for Overseas Investments:
Nil Company Ltd CARE - AAA 0.56 Mr. Dhruv Muchhal (since June 22, 2023) (Total Experience: Over 10 years).
JM Financial Credit Solutions Ltd. ICRA - AA 0.55 J Includes investments made by the schemes of HDFC Mutual Fund aggregating
Tata Projects Ltd. IND - AA 0.47 to ` 192.16 Crores.
MANGALORE REFINERY AND Please refer Minimum Application Amount, Plans & Options, on Page no. 101 to 103.
PETROCHEMICA CARE - AAA 0.44
Sundaram Home Finance Limited CRISIL - AAA / ICRA
Portfolio - AAA 0.42
Classification By Axis Finance Ltd. IND - AAA 0.42
Asset Class (%) Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 0.42
JM Financial Products Ltd. ICRA - AA 0.41
Ltd CRISIL - AA 0.41
Finance Co. Ltd. ICRA - AA+ 0.39
n G-Sec, G-Sec STRIPS, SDL 13.57 Kotak Mahindra Investments Ltd. CRISIL - AAA 0.39
n Securitized Debt Instruments 1.70 John Deere Financial India Pvt.
n CP 2.28 Ltd. CRISIL - AAA 0.36
n CD 13.52 Tata Capital Ltd. CRISIL - AAA 0.33
n Credit Exposure 66.75 HDFC Bank Ltd.£ CRISIL - AAA 0.31
n Alternative Investment Fund Units 0.27 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.31
n Cash, Cash Equivalents and Net Current Assets 1.91 Export - Import Bank of India CRISIL - AAA 0.28
JM FINANCIAL HOME LOANS
LIMITED CRISIL - AA 0.28
Portfolio
Classification By
Rating Class (%)
n Sovereign 13.57 Returns (%) 6.96 6.86 6.41 6.07 6.67 7.43
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 72.55 Benchmark Returns (%) # N.A. 7.31 6.77 6.54 7.30 7.97
n AA+ 6.12 Additional Benchmark Returns (%) ## 6.17 6.33 6.03 5.83 6.70 7.69
n AA/AA- 5.58 accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
n Alternative Investment Fund Units 0.27 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
August 2024 75
HDFC Low Duration Fund
[An open ended low duration debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
LOW DURATION FUND
Duration of the portfolio is between 6 months and 12 months (Refer page 2 for definition of

(`)##
Aug 31, 23 Last 1 Year 7.15 7.41 7.50 10,715 10,741 10,750
Aug 31, 21 Last 3 Years 5.69 5.83 5.67 11,808 11,854 11,801
Aug 30, 19 Last 5 Years 6.03 5.72 5.54 13,408 13,211 13,099
Aug 28, 14 Last 10 Years 6.78 6.86 6.42 19,292 19,427 18,654
Nov 18, 99 Since Inception 7.06 NA 6.33 54,273 NA 45,773
Anupam Joshi and Praveen Jain, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure.

HDFC Low • Income over short term. Modera

oderate High tely
Duration • To generate income / capital o M rate Moderately
appreciation through investment o
Fund w t erate Hi
Mo Lo
gh
d
in debt securities and money

Mo Lo
gh
d
Very
market instruments
High
Low
BENCHMARK
Very
High
Low
: Nifty Low RISKOMETER

Duration Debt Investors understand that their principal will be at RISKOMETER
Index A-I low to moderate risk Investors understand that their principal will be at

Moderate (Class II)
Relatively High (Class III) B-III
B-III - A Scheme with Relatively High Interest Rate Risk and Moderate Credit Risk.
76 August 2024
HDFC Money Market Fund
(An open ended debt scheme investing in money market instruments.
CATEGORY OF SCHEME
MONEY MARKET FUND
A Relatively Low Interest Rate Risk and Moderate Credit Risk)
INVESTMENT OBJECTIVEKEY FACTS

: To generate income / capital appreciation by investing in money market instruments. There is no assurance that the investment objective of the

Praveen Jain
(w.e.f. August 31, 2024)
Total Experience: Over 19 years Issuer Rating % to Issuer Rating % to
NAV NAV
DEBT & DEBT RELATED Infina Finance Pvt. Ltd. CARE - A1+ /
DATE OF ALLOTMENT / INCEPTION DATE Government Securities (Central/State) CRISIL - A1+ 0.76
November 18, 1999 8.10% Uttar Pradesh SDL Mat 280125 Sovereign 0.84 Hinduja Leyland Finance Ltd. CRISIL - A1+ 0.75
8.09% Andhra Pradesh SDL MAT Aditya Birla Finance Ltd. ICRA - A1+ 0.67
280125 Sovereign 0.75 L&T Finance Ltd. CRISIL - A1+ 0.67
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) 7.38% Madhya Pradesh SDL Mat Toyota Financial Services India Ltd. CRISIL - A1+ 0.52
Regular Plan - Growth Option 5366.1476 150325 Sovereign 0.70 TATA Capital Housing Finance Ltd. CRISIL - A1+ 0.51
Regular Plan - Daily IDCW 8.06% Andhra Pradesh SDL - Mat
Reinvestment Option 1063.6400 AXIS Securities Limited CRISIL - A1+ 0.34
Regular Plan - Weekly IDCW Option 1063.1035 250225 Sovereign 0.53
Bahadur Chand Investments Pvt. Ltd. CARE - A1+ 0.34
Direct Plan - Growth Option 5464.4471 5.95% Tamil Nadu SDL - Mat 130525 Sovereign 0.40
Barclays Invest & Loans (India) Ltd. CRISIL - A1+ 0.34
Direct Plan - Daily IDCW 5.80% Maharashtra SDL MAT
Reinvestment Option 1063.6400 020225 Sovereign 0.35 Muthoot Finance Ltd. CRISIL - A1+ 0.33
Direct Plan - Weekly IDCW Option 1063.1219 6.18 GOI 2024 Sovereign 0.35 Motilal Oswal Finvest Limited CRISIL - A1+ 0.25
8.14% Gujarat SDL MAT 140125 Sovereign 0.28 Bajaj Housing Finance Ltd. CRISIL - A1+ 0.17
ASSETS UNDER MANAGEMENT J 7.26% Karnataka SDL Mat 040125 Sovereign 0.21 HSBC InvestDirect Financial Services
As on August 31, 2024 (India) Ltd. CRISIL - A1+ 0.17
` 28,725.36 Cr. 8.05% Karnataka SDL Mat 250225 Sovereign 0.12
Tata Projects Ltd. CRISIL - A1+ 0.17
Average for Month of August 2024 6.69% Madhya Pradesh MAT 170325 Sovereign 0.10
Arka Fincap Limited CRISIL - A1+ 0.16
` 28,492.19 Cr. 8.05% Haryana SDL Mat 250225 Sovereign 0.09
Sub Total 31.03
8.05% Gujarat SDL - Mat 250225 Sovereign 0.04
CD
QUANTITATIVE DATA 8.07% Tamil Nadu SDL MAT 280125 Sovereign 0.03
• Punjab National Bank CARE - A1+ /
Residual Maturity * 167 days 8.24% Maharashtra SDL Mat 241224 Sovereign 0.03 CRISIL - A1+ /
Macaulay Duration * 166 days 8.07% Tamil Nadu SDL MAT 110225 Sovereign 0.02 ICRA - A1+ /
Modified Duration * 155 days IND - A1+ 7.22
Annualized Portfolio YTM# * 7.52% 8.08% Haryana SDL - Mat 280125 Sovereign 0.02
8.13% Maharashtra SDL MAT 140125 Sovereign 0.02 • Union Bank of India CRISIL - A1+ /
#
semi annual YTM has been annualised. IND - A1+ 5.84
*Calculated on amount invested in debt securities Sub Total 4.88
• Axis Bank Ltd. CRISIL - A1+ 5.75
(including accrued interest), deployment of funds T-Bills
• Canara Bank CRISIL - A1+ 5.22
in TREPS and Reverse Repo and net receivable 364 Days TBill ISD 140324 Mat
130325 Sovereign 1.85 • National Bank for Agri & Rural Dev. CRISIL - A1+ /
/ payable. ICRA - A1+ /
182 Days TBill Mat 141124 Sovereign 1.03 IND - A1+ 5.12
TOTAL EXPENSE RATIO (As on August 31, 2024) 182 Day Tbill Mat 191224 Sovereign 0.94 • Bank of Baroda CRISIL - A1+ /
Including Additional Expenses and Goods and Service 364 Days Tbill MAT 300125 Sovereign 0.83 IND - A1+ 4.63
Tax on Management Fees 182 Days Tbill MAT 261224 Sovereign 0.68 • The Federal Bank Ltd. CRISIL - A1+ 4.55
Regular: 0.39%Direct: 0.23% 364 Days TBill Mat 130225 Sovereign 0.64 • Small Industries Development Bank CARE - A1+ 3.92
182 Days Tbill MAT 221124 Sovereign 0.39 • Indusind Bank Ltd. CRISIL - A1+ 3.52
#BENCHMARK INDEX: 182 Days TBill Mat 051224 Sovereign 0.34 Kotak Mahindra Bank Limited CRISIL - A1+ 2.27
CRISIL Money Market A-I Index 182 Days Tbill MAT 071124 Sovereign 0.34 IDFC First Bank Limited CRISIL - A1+ 1.34
##ADDL. BENCHMARK INDEX: 182 Days Tbill MAT 121224 Sovereign 0.34 Bank of India CRISIL - A1+ 1.18
CRISIL 1 year T-Bill Index 182 Days Tbill MAT 200225 Sovereign 0.34 Punjab & Sind Bank ICRA - A1+ 1.17
182 Days Tbill MAT 300125 Sovereign 0.34 Au Small Finance Bank Ltd. CRISIL - A1+ /
EXIT LOAD$$ : 364 Days Tbill MAT 060325 Sovereign 0.34 IND - A1+ 1.01
Nil 364 Days TBILL Mat 160125 Sovereign 0.34 Indian Bank CRISIL - A1+ 0.84
182 Day Tbill ISD 290824 Mat ICICI Bank Ltd. ICRA - A1+ 0.82
270225 Sovereign 0.17 DBS Bank Ltd - Debt CRISIL - A1+ 0.42
364 DAYS T-BILL MAT 051224 Sovereign 0.14 Sub Total 54.82
364 Days Tbill MAT 071124 Sovereign 0.09 Total 85.85
Portfolio 364 Days Tbill MAT 121224 Sovereign 0.09 Alternative Investment Fund Units
Classification By Sub Total 9.23 Corporate Debt Market Development Fund 0.21
Asset Class (%) Total 14.11 Sub Total 0.21
MONEY MARKET INSTRUMENTS Cash,Cash Equivalents and Net Current Assets -0.17
CP Grand Total 100.00
• LIC Housing Finance Ltd. CRISIL - A1+ 3.62
Panatone Finvest Ltd. CRISIL - A1+ 2.87
n G-Sec, SDL, T-Bills 14.11 Standard Chartered Capital Limited CRISIL - A1+ 2.36 Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP
n CP 31.03 - Commercial Papers. Data is as of August 31, 2024 unless
Small Industries Development Bank CARE - A1+ 1.93 otherwise specified.
n CD 54.82 Cholamandalam Investment &
n Alternative Investment Fund Units 0.21 Finance Co. Ltd. CRISIL - A1+ 1.81 ¥ Dedicated Fund Manager for Overseas Investments:
n Cash, Cash Equivalents and Net Current Assets -0.17 Mr. Dhruv Muchhal (since June 22, 2023)
ICICI Securities Ltd CRISIL - A1+ 1.78 (Total Experience: Over 10 years).
Hero Fincorp Ltd. CRISIL - A1+ 1.60
J Includes investments made by the schemes of HDFC Mutual
ONGC Petro additions Ltd. (OPAL) Fund aggregating to ` 2104.54 Crore.
(Put on ONGC Ltd.) CRISIL - A1+ 1.34
Birla Group Holdings Pvt. Ltd. CRISIL - A1+ 1.18 Please refer Minimum Application Amount, Plans & Options, on
Portfolio Page no. 101 to 103.
Tata Teleservices Ltd. CRISIL - A1+ 1.18
Classification By Sundaram Home Finance Limited CRISIL - A1+ 0.98 $$For further details, please refer to para ‘Exit Load’ on page
Rating Class (%) Julius Baer Capital (India) Pvt. Ltd. CRISIL - A1+ 0.85 no. 104.
Aarti Industries Ltd. CRISIL - A1+ 0.85
Embassy Office Parks REIT CRISIL - A1+ 0.85
Export - Import Bank of India CRISIL - A1+ 0.85
n Sovereign 14.11 Motilal Oswal Financial Services Ltd. ICRA - A1+ 0.83
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 85.85
n Cash, Cash Equivalents and Net Current Assets -0.17
August 2024 77
HDFC Money Market Fund
(An open ended debt scheme investing in money market instruments.
CATEGORY OF SCHEME
MONEY MARKET FUND
A Relatively Low Interest Rate Risk and Moderate Credit Risk)

Returns (%) $$ 7.10 6.98 6.44 6.18 6.95 7.60
(%) ## $$ (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 7.48 7.48 7.50 10,748 10,748 10,750
Aug 31, 21 Last 3 Years 6.10 6.21 5.67 11,944 11,982 11,801
Aug 30, 19 Last 5 Years 5.92 5.67 5.54 13,335 13,178 13,099
Aug 28, 14 Last 10 Years 6.80 6.70 6.42 19,333 19,150 18,654
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. $$ All Distributions declared prior to the splitting of
the Scheme into IDCW & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-distribution
NAV). For performance of other schemes managed by Praveen Jain, please refer page 104. Different plans viz. Regular Plan and Direct Plan
have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses /
commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.

HDFC Money • Income over short term Modera

oderate High tely
Market Fund • To generate income / capital o M Modera
appreciation by investing in o M
w t erate Hi
Mo Lo
gh
d
money market instruments

Mo Lo
BENCHMARK :
gh
d
Very
High
Low
CRISIL Money
Very
High
Low
Market A-I RISKOMETER

Index Investors understand that their principal will be at RISKOMETER
low to moderate risk Investors understand that their principal will be at

Relatively Low (Class I) B-I
Moderate (Class II)
B-I - A Scheme with Relatively Low Interest Rate Risk and Moderate Credit Risk.
Scheme and Benchmark Riskometer As on August 31, 2024v
78 August 2024
HDFC Short Term Debt Fund
[An open ended short term debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
SHORT DURATION FUND
Duration of the portfolio is between 1 year and 3 years (Refer page 2 for definition of
KEY FACTS
INVESTMENT OBJECTIVE : To generate income / capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment

Anil Bamboli
Total Experience: Over 30 years Issuer Rating % to NAV Issuer Rating % to NAV
DEBT & DEBT RELATED Sikka Port and Terminal Ltd.
Government Securities (Central/State) (erstwhile Reliance Ports and
DATE OF ALLOTMENT / INCEPTION DATE • 7.18 GOI 2033 Sovereign 7.76 Terminals Ltd.) CRISIL - AAA 0.88
June 25, 2010 • GOI 2028 Sovereign 3.67 TMF Holdings Ltd. (Subsidiary
of Tata Motors Ltd.) CRISIL - AA+ 0.84
Tata Projects Ltd. IND - AA 0.71
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) Tata Steel Ltd. CARE - AA+ 0.71
Regular Plan - Growth Option 29.8751 JM Financial Asset
5.77 GOI 2030 Sovereign 1.31 Reconstruction Co. Ltd. ICRA - AA- 0.53
Regular Plan - Fortnightly IDCW Option 10.2075 7.1 GOI 2029 Sovereign 1.29
Regular Plan - Normal IDCW Option 17.7530 Motilal Oswal Finvest Limited ICRA - AA 0.53
Direct Plan - Growth Option 30.7467 5.79 GOI 2030 Sovereign 1.15 Sansar Trust July 2023 II CRISIL - AAA(SO) 0.51
Direct Plan - Fortnightly IDCW Option 10.3142 GOI 2031 Sovereign 1.08 Tata Capital Ltd. CRISIL - AAA 0.46
Direct Plan - Normal IDCW Option 18.2173 7.06 GOI 2028 Sovereign 0.93 John Deere Financial India
GOI 2034 Sovereign 0.90 Pvt. Ltd. CRISIL - AAA 0.42
ASSETS UNDER MANAGEMENT J Floating Rate GOI 2033 Sovereign 0.73 Nomura Capital India Pvt. Ltd. IND - AAA 0.39
As on August 31, 2024 7.64% Gujarat SDL ISD 170124 Reliance Industries Ltd. CRISIL - AAA 0.37
` 14,105.19 Cr. MAT 170133 Sovereign 0.58 Arka Fincap Limited CRISIL - AA 0.35
Average for Month of August 2024 7.65% Chhattisgarh SDL Mat Housing and Urban
` 13,951.77 Cr. 310133 Sovereign 0.54 Development Corporation Ltd. CARE - AAA 0.35
7.64% % Gujarat SDL ISD First Business Receivables Trust
170124 Mat 170134 Sovereign 0.40 (PTC banked by receivables
QUANTITATIVE DATA 7.63% Gujarat SDL ISD 240124
Residual Maturity * 4.12 years from Reliance Corporate IT Park
Mat 240133 Sovereign 0.33 Limited) CRISIL - AAA(SO) 0.29
Macaulay Duration * 2.94 years
Modified Duration * 2.78 years 7.63% Gujarat SDL - Mat The Tata Power Company Ltd. CARE - AA+ 0.15
Annualized Portfolio YTM# * 7.69% 120427 Sovereign 0.26 Sub Total 67.78
#
semi annual YTM has been annualised. 7.63% Gujarat SDL ISD 240124 Total 95.43
Mat 240134 Sovereign 0.25
*Calculated on amount invested in debt securities MONEY MARKET INSTRUMENTS
7.59% Gujarat SDL - Mat
(including accrued interest), deployment of funds 150227 Sovereign 0.18 CD
in TREPS and Reverse Repo and net receivable 7.18 GOI 2037 Sovereign 0.15 Union Bank of India CRISIL - A1+ 0.68
/ payable. 5.85 GOI 2030 Sovereign 0.07 Sub Total 0.68
7.23 GOI 2039 Sovereign 0.07 Alternative Investment Fund Units
TOTAL EXPENSE RATIO (As on August 31, 2024) 7.67% Uttar Pradesh SDL ISD Corporate Debt Market Development Fund 0.26
Including Additional Expenses and Goods and Service 271223 Mat 271233 Sovereign 0.07 Sub Total 0.26
Tax on Management Fees 7.15% Maharashtra SDL - Mat Cash,Cash Equivalents and Net Current Assets 3.63
Regular: 0.71%Direct: 0.40% 131026 Sovereign 0.06 Grand Total 100.00
GOI STRIPS - Mat 060325 Sovereign 0.02
• Top Ten Holdings, £ Sponsor
Sub Total 27.65
#BENCHMARK INDEX: Credit Exposure (Non Perpetual)
CRISIL Short Duration Debt A-II Index Outstanding exposure in derivative
• National Bank for Agri & CRISIL - AAA / ICRA instruments Interest Rate Swap (` in Crore) 670.00
##ADDL. BENCHMARK INDEX: Rural Dev. - AAA 8.35
CRISIL 10 year Gilt Index • Small Industries Development CARE - AAA / CRISIL $$For further details, please refer to para ‘Exit Load’ on page
Bank - AAA 7.42 no. 104.
EXIT LOAD$$ : • REC Limited. CARE - AAA / CRISIL
Nil - AAA 4.85 Face Value per Unit: ` 10, CD - Certificate of Deposit; CP -
• Bajaj Housing Finance Ltd. CRISIL - AAA 3.73 Commercial Papers. Data is as of August 31, 2024 unless
• HDFC Bank Ltd.£ CRISIL - AAA 3.57
• LIC Housing Finance Ltd. CRISIL - AAA 3.57
• Power Finance Corporation Ltd. CRISIL - AAA 2.93
• Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 2.68
Mahanagar Telephone Nigam (Total Experience: Over 10 years).
Ltd. (Corporate guarantee from
Govt of India) CRISIL - AAA(CE) 2.65 J Includes investments made by the schemes of HDFC Mutual
Indian Railways Finance Fund aggregating to ` 474.04 Crore.
Corp. Ltd. CRISIL - AAA 2.44
Finance Co. Ltd. ICRA - AA+ 2.13 Please refer Minimum Application Amount, Plans & Options, on
Bharti Telecom Limited CRISIL - AA+ 1.81 Page no. 101 to 103.
HDB Financial Services Ltd. CRISIL - AAA 1.59
TVS Credit Services Ltd ICRA - AA 1.45
Kotak Mahindra Investments
Ltd. CRISIL - AAA 1.43
Indus Towers Limited CRISIL - AA+ 1.42
ONGC Petro additions Ltd.
(OPAL) (Put on ONGC Ltd.) CRISIL - AA 1.42
TATA Capital Housing Finance
Mahindra Rural Housing
Finance Ltd CRISIL - AAA 1.31
Muthoot Finance Ltd. CRISIL - AA+ 1.13
Jamnagar Utilities & Power
Pvt. Ltd. (erstwhile Reliance
Utilities & Power Pvt. Ltd.) CRISIL - AAA 1.06
SMFG India Credit Company Ltd CARE - AAA / CRISIL
- AAA 1.06
State Bank of India CRISIL - AAA 0.94
August 2024 79
HDFC Short Term Debt Fund
[An open ended short term debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
SHORT DURATION FUND
Duration of the portfolio is between 1 year and 3 years (Refer page 2 for definition of
Portfolio Portfolio
n G-Sec, G-Sec STRIPS, SDL 27.65 n Sovereign 27.65

n Securitized Debt Instruments 0.80 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 55.28
n CD 0.68 n AA+ 8.19
n Credit Exposure 66.98 n AA/AA- 4.99
n Alternative Investment Fund Units 0.26 n Alternative Investment Fund Units 0.26
n Cash, Cash Equivalents and Net Current Assets 3.63 n Cash, Cash Equivalents and Net Current Assets 3.63

Since Inception 10 year 5 year 3 year 1 year
SIP SIP SIP SIP SIP
Mkt Value As on August 30, 2024 (` in Lacs) 29.91 17.28 7.05 3.99 1.25
Returns (%) 7.58 7.08 6.41 6.88 8.35
Benchmark Returns (%) # 7.60 7.19 6.70 7.12 8.12

(`)##
Aug 31, 23 Last 1 Year 7.91 7.68 8.82 10,791 10,768 10,882
Aug 31, 21 Last 3 Years 5.79 5.64 5.05 11,840 11,788 11,592
Aug 30, 19 Last 5 Years 6.79 6.37 5.28 13,893 13,620 12,939
Aug 28, 14 Last 10 Years 7.59 7.40 7.11 20,809 20,445 19,899
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Anil Bamboli, please

HDFC Short • Income over short term. Modera

oderate High tely
Term Debt • To generate income / capital o M rate Moderately
appreciation through investments o
Fund w t erate Hi
Mo Lo
gh
d
in Debt and Money Market

Mo Lo
gh
d
Very
Instruments
High
Low
BENCHMARK
Very
High
Low
: CRISIL Short RISKOMETER

A-II Index moderate risk Investors understand that their principal will be at

Moderate (Class II)
80 August 2024
HDFC Medium Term Debt Fund
[An open ended medium term debt scheme investing in instruments such that the Macaulay
CATEGORY OF SCHEME
MEDIUM DURATION FUND
Duration of the portfolio is between 3 years and 4 years (Refer page 2 for definition of
Macaulay Duration). A Relatively High Interest Rate Risk and Relatively High Credit Risk]

generate income / capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment

Shobhit Mehrotra
(since September 1, 2007)
DEBT & DEBT RELATED NTPC Limited CRISIL - AAA 1.19
DATE OF ALLOTMENT / INCEPTION DATE Government Securities (Central/State) The Tata Power Company Ltd. CARE - AA+ 0.97
• 7.18 GOI 2037 Sovereign 7.51 VAJRA 009 TRUST ICRA - AA(SO) 0.97
February 6, 2002 • 6.54 GOI 2032 Sovereign 3.60 LIC Housing Finance Ltd. CRISIL - AAA 0.76
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • 7.26 GOI 2033 Sovereign 3.12 Arka Fincap Limited CRISIL - AA 0.61
• 7.23 GOI 2039 Sovereign 2.76 Grasim Industries Ltd. CRISIL - AAA 0.61
Regular Plan - Fortnightly IDCW Option 10.1112 6.1 GOI 2031 Sovereign 2.34 Motilal Oswal Finvest Limited ICRA - AA 0.61
Regular Plan - Normal IDCW Option 17.7706 7.18 GOI 2033 Sovereign 1.87 Muthoot Finance Ltd. ICRA - AA+ 0.61
Direct Plan - Growth Option 56.8360 7.3 GOI 2053 Sovereign 1.52 Small Industries Development
Direct Plan - Fortnightly IDCW Option 10.1119 Bank CRISIL - AAA 0.61
Direct Plan - Normal IDCW Option 18.9911 7.26 GOI 2032 Sovereign 1.50
GOI 2034 Sovereign 1.24 SMFG India Home Finance CARE - AAA 0.61
ASSETS UNDER MANAGEMENT J Company Ltd
As on August 31, 2024 JM Financial Asset Reconstruction ICRA - AA- 0.60
7.41 GOI 2036 Sovereign 0.64 Co. Ltd.
` 4,093.10 Cr. 7.54 GOI 2036 Sovereign 0.64
Average for Month of August 2024 Queen 03 2023 CRISIL - AA+(SO) 0.33
7.67% Chhattisgarh SDL ISD Sovereign 0.63 Bharti Telecom Limited CRISIL - AA+ 0.25
` 4,114.66 Cr. 240124 Mat 240131
Tata Motors Ltd. CRISIL - AA+ 0.24
QUANTITATIVE DATA Floating Rate GOI 2033 Sovereign 0.63
Sub Total 58.45
Residual Maturity * 5.54 years 7.46% Uttar Pradesh ISD 220324 Sovereign 0.62
Macaulay Duration * 3.86 years Mat 220339 Credit Exposure (Perpetual
Modified Duration * 3.68 years Bonds)
Annualized Portfolio YTM# * 7.88% TMF Holdings Ltd. (Subsidiary of CRISIL - NA 1.20
#
semi annual YTM has been annualised. 7.25 GOI 2063 Sovereign 0.38 Tata Motors Ltd.) (Perpetual)
*Calculated on amount invested in debt securities 7.1 GOI 2034 Sovereign 0.25 TMF Holdings Ltd. (Subsidiary of CRISIL - AA+
(including accrued interest), deployment of funds in 7.66% RAJASTHAN SDL ISD 240124 Sovereign Tata Motors Ltd.) (Perpetual) 2.39
TREPS and Reverse Repo and net receivable / payable.
Mat 240131 0.25
Sub Total 3.59
TOTAL EXPENSE RATIO (As on August 31, 2024) 6.95 GOI 2061 Sovereign 0.24 Total 93.64
Including Additional Expenses and Goods and Service 7.45% Maharashtra ISD 220324 Sovereign 0.14 UNITS ISSUED BY REIT & INVIT
Tax on Management Fees Mat 220339
Units issued by InvIT
Regular: 1.28%Direct: 0.60% 7.32 GOI 2030 Sovereign 0.13
Bharat Highways InvIT Construction 0.63
7.60% Tamil Nadu SDL Mat 310131 Sovereign 0.12
Sub Total 0.63
Sub Total 31.60
Units issued by ReIT
#BENCHMARK INDEX: Credit Exposure (Non Perpetual)
Nifty Medium Duration Debt Index A-III Embassy Office Parks REIT Realty 0.96
• Kalpataru
Ltd
Projects International CARE - AA / CRISIL -
AA / IND - AA 4.74 Sub Total 0.96
##ADDL. BENCHMARK INDEX: Total 1.59
CRISIL 10 year Gilt Index • Tata Steel Ltd. CARE - AA+ 3.57
• Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 3.20 Alternative Investment Fund Units
Corporate Debt Market Development Fund 0.26
EXIT LOAD$$ : • Indian
Ltd.
Railways Finance Corp. CRISIL - AAA 2.78 Sub Total 0.26
Nil
National
• Dev. Bank for Agri & Rural CRISIL - AAA / ICRA 2.44 Cash,Cash Equivalents and Net Current Assets 4.51
- AAA Grand Total 100.00
• SBFC Finance Ltd IND - AA- 2.43
• Top Ten Holdings, £ Sponsor
Power Finance Corporation Ltd. CRISIL - AAA 2.40
TVS Credit Services Ltd CRISIL - AA 2.10 Face Value per Unit: ` 10 unless otherwise specified. Data is as of
Portfolio August 31, 2024 unless otherwise specified.
Sikka Port and Terminal Ltd.
Classification By (erstwhile Reliance Ports and CRISIL - AAA 1.95 ¥ Dedicated Fund Manager for Overseas Investments:
Asset Class (%) Terminals Ltd.) Mr. Dhruv Muchhal (since June 22, 2023)
(Total Experience: Over 10 years).
India Grid Trust CRISIL - AAA / ICRA 1.92
- AAA J Includes investments made by the schemes of HDFC Mutual Fund
aggregating to ` 187.93 Crore.
Avanse Financial Service Ltd. CARE - AA- 1.84
n Units issued by InvIT 0.63 Bajaj Housing Finance Ltd. CRISIL - AAA 1.84 Page no. 101 to 103.
n Units issued by ReIT 0.96 Mahindra Rural Housing Finance CRISIL - AAA 1.83
Ltd $$For further details, please refer to para ‘Exit Load’ on page
n G-Sec, SDL 31.60 no. 104.
n Securitized Debt Instruments 1.30 JM FINANCIAL HOME LOANS CRISIL - AA 1.82
n Credit Exposure 60.74 LIMITED
n Alternative Investment Fund Units 0.26 HDFC Bank Ltd.£ CRISIL - AAA 1.23
n Cash, Cash Equivalents and Net Current Assets 4.51 ONGC Petro additions Ltd. (OPAL) CRISIL - AA 1.23
(Put on ONGC Ltd.)
TATA POWER RENEWABLE ENERGY CARE - AA+ 1.23
LTD.
Cholamandalam Investment & ICRA - AA+ 1.22
Finance Co. Ltd.
Portfolio Godrej Industries Ltd. CRISIL - AA 1.22
Classification By Indian Oil Corporation Ltd. CRISIL - AAA 1.22
Rating Class (%) Infopark Properties Limited CARE - AA- 1.22
Nuvoco Vistas Corporation Ltd.
(100% subsidiary of Nirma Ltd. & CRISIL - AA 1.22
erstwhile Lafarge India Ltd.)
n Sovereign 31.60 Tata Projects Ltd. IND - AA 1.22
n Units issued by InvIT 0.63 JM Financial Products Ltd. ICRA - AA 1.21
n Units issued by ReIT 0.96 TMF Holdings Ltd. (Subsidiary of CRISIL - AA+ 1.21
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 25.78 Tata Motors Ltd.)
n AA+ 12.02 Jamnagar Utilities & Power Pvt.
n AA/AA- 23.04 Ltd. (erstwhile Reliance Utilities CRISIL - AAA 1.19
n Alternative Investment Fund Units 0.26 & Power Pvt. Ltd.)
n A+ & Below 1.20
August 2024 81
HDFC Medium Term Debt Fund
CATEGORY OF SCHEME
MEDIUM DURATION FUND
Duration of the portfolio is between 3 years and 4 years (Refer page 2 for definition of
Macaulay Duration). A Relatively High Interest Rate Risk and Relatively High Credit Risk]

Returns (%) 7.65 7.33 6.82 6.35 6.78 8.48
accounting for the cash flow bty using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
(`)##
Aug 31, 23 Last 1 Year 7.64 8.06 8.82 10,764 10,806 10,882
Aug 31, 21 Last 3 Years 5.52 5.17 5.05 11,750 11,634 11,592
Aug 30, 19 Last 5 Years 6.56 6.87 5.28 13,743 13,949 12,939
Aug 28, 14 Last 10 Years 7.36 7.82 7.11 20,362 21,248 19,899
Shobhit Mehrotra, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses
of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For
Performance of Direct Plan, refer page 109 to 115.

HDFC • Income over medium term Modera

oderate High tely
Medium Term • To generate income / capital o M rate Moderately
Debt Fund w t erate Hi
Mo Lo
gh
d
in Debt and Money Market

Mo Lo
gh
d
Very
Instruments
High
Low
BENCHMARK :
Very
High
Low
Nifty Medium RISKOMETER

Index A-III moderately high risk Investors understand that their principal will be at
moderate risk

Moderate (Class II)
Relatively High (Class III) C-III
C-III - A Scheme with Relatively High Interest Rate Risk and Relatively High Credit Risk.
82 August 2024
HDFC Income Fund
CATEGORY OF SCHEME
MEDIUM TO LONG DURATION FUND
Duration of the Portfolio is between 4 years and 7 years (Refer page 2 for definition of
KEY FACTS
INVESTMENT OBJECTIVE : To generate income / capital appreciation through investments in debt and money market instruments. There is no assurance that the investment

Shobhit Mehrotra
DEBT & DEBT RELATED Embassy Office Parks REIT Realty 0.48
DATE OF ALLOTMENT / INCEPTION DATE Government Securities (Central/State) Sub Total 0.48
• 7.18 GOI 2037 Sovereign 20.62 Alternative Investment Fund Units
September 11, 2000 • 7.41 GOI 2036 Corporate Debt Market Development Fund
Sovereign 12.33 0.25
• 7.54 GOI 2036 Sovereign 11.83 Sub Total 0.25
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • 7.18 GOI 2033 Sovereign 9.06 Cash,Cash Equivalents and Net Current Assets 4.13
Regular Plan - Growth Option 54.6424 • 7.23 GOI 2039 Sovereign 7.93 Grand Total 100.00
Regular Plan - Quarterly IDCW Option 11.3735 • 7.1 GOI 2034 Sovereign 3.47
Regular Plan - Normal IDCW Option 17.2321 • Top Ten Holdings, @ Less than 0.01%.
• GOI 2031 Sovereign 3.02
Direct Plan - Quarterly IDCW Option 12.7167 • GOI 2034 Sovereign 3.00 Face Value per Unit: ` 10, Data is as of August 31, 2024 unless
Direct Plan - Normal IDCW Option 19.0208 6.68 GOI 2031 Sovereign 2.94 otherwise specified.
7.25 GOI 2063 Sovereign 2.44 ¥ Dedicated Fund Manager for Overseas Investments:
ASSETS UNDER MANAGEMENT J 7.3 GOI 2053 Sovereign 1.23 Mr. Dhruv Muchhal (since June 22, 2023)
As on August 31, 2024 6.95 GOI 2061 Sovereign 0.59 (Total Experience: Over 10 years).
` 843.29 Cr. 6.57 GOI 2033 Sovereign 0.58 J Includes investments made by the schemes of HDFC Mutual Fund
Average for Month of August 2024 6.62 GOI 2051 Sovereign 0.57 aggregating to ` 142.22 Crore.
` 844.01 Cr. 8.2 GOI 2025 Sovereign 0.38 Please refer Minimum Application Amount, Plans & Options,
6.72% Gujarat SDL - ISD on Page no. 101 to 103.
QUANTITATIVE DATA 090621 Mat 090630 Sovereign 0.15
Residual Maturity * 11.42 years 7.95 GOI 2032 Sovereign 0.09 $$For further details, please refer to para ‘Exit Load’ on page
Macaulay Duration * 6.97 years 6.19 GOI 2034 Sovereign 0.03 no. 104.
Modified Duration * 6.72 years 9.15 GOI 2024 Sovereign @
Annualized Portfolio YTM *
#
7.15%
#
semi annual YTM has been annualised. Sub Total 80.26
*Calculated on amount invested in debt securities Credit Exposure (Non Perpetual)
(including accrued interest), deployment of funds in • NTPC Limited CRISIL - AAA 3.07
• National Bank for Agri &
Rural Dev. CRISIL - AAA 2.98
TOTAL EXPENSE RATIO (As on August 31, 2024) India Grid Trust CRISIL - AAA 2.71
Tax on Management Fees Power Finance Corporation
Regular: 1.39%Direct: 0.80% State Bank of India ICRA - AAA 1.83
LIC Housing Finance Ltd. CRISIL - AAA 1.77
Sub Total 14.88
#BENCHMARK INDEX: Total
CRISIL Medium To Long Duration 95.14
Debt A-III Index UNITS ISSUED BY REIT & INVIT

CRISIL 10 year Gilt Index
EXIT LOAD$$ : Since Inception 15 year 10 year 5 year 3 year 1 year
Nil SIP SIP SIP SIP SIP SIP
Returns (%) 6.65 6.33 5.70 5.54 6.80 9.85
Portfolio Additional Benchmark Returns (%) ## N.A. 6.48 6.20 5.78 7.55 10.34
Classification By Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Asset Class (%) accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment

n Units issued by ReIT 0.48 Scheme Benchmark Additional Value of ` 10,000 invested
n G-Sec, SDL 80.26 Returns Returns Benchmark Scheme (`) Benchmark Additional
n Credit Exposure 14.88 (%) ## (`)# Benchmark
(`)##
n Alternative Investment Fund Units 0.25 Aug 31, 23 Last 1 Year 8.46 8.28 8.82 10,846 10,828 10,882
Cash, Cash Equivalents and Net Current Aug 31, 21 Last 3 Years 4.79 5.52 5.05 11,508 11,747 11,592
n
Assets 4.13 Aug 30, 19 Last 5 Years 5.35 6.80 5.28 12,980 13,902 12,939
Aug 28, 14 Last 10 Years 6.60 8.17 7.11 18,967 21,945 19,899
Sep 11, 00 Since Inception 7.34 8.76 NA 54,642 74,950 NA
Shobhit Mehrotra, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses
Portfolio of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For
Performance of Direct Plan, refer page 109 to 115.
Classification By
Rating Class (%)
n Sovereign 80.26
n Units issued by ReIT 0.48 interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 14.88 lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater
August 2024 83
HDFC Income Fund
CATEGORY OF SCHEME
MEDIUM TO LONG DURATION FUND
Duration of the Portfolio is between 4 years and 7 years (Refer page 2 for definition of

HDFC Income • Income over medium to long

rate Moderately
Fund term o Mode High Modera
• To generate income / capital o M
w t erate Hi
Mo Lo
gh
d
appreciation through investments
Mo Lo
gh
BENCHMARK :
d
Very
High
Low
CRISIL Medium
Very
High
Low
To Long instruments
RISKOMETER
A-III Index moderate risk Investors understand that their principal will be at
moderate risk

Moderate (Class II)
84 August 2024
HDFC Long Duration Debt Fund
[An open ended debt scheme investing in instruments such that the Macaulay Duration of the
CATEGORY OF SCHEME
LONG DURATION FUND
portfolio is greater than 7 years, A Relatively High Interest Rate Risk and Relatively Low Credit Risk]

generate income / capital appreciation through investments in debt and money market instruments. There is no assurance that the investment

Shobhit Mehrotra Issuer Rating % to NAV
(since January 20, 2023) DEBT & DEBT RELATED Face Value per Unit: ` 10, CD - Certificate of Deposit; CP - Commercial Papers. Data
Government Securities (Central/State) is as of August 31, 2024 unless otherwise specified.
• 7.3 GOI 2053 Sovereign 38.01 ¥ Dedicated Fund Manager for Overseas Investments:
• 7.36 GOI 2052 Sovereign 19.28 Mr. Dhruv Muchhal (since June 22, 2023)
• 7.25 GOI 2063 Sovereign 13.77 (Total Experience: Over 10 years).
DATE OF ALLOTMENT / INCEPTION DATE • 7.09 GOI 2054 Sovereign 8.61 J Includes investments made by the schemes of HDFC Mutual Fund
• 6.99 GOI 2051 Sovereign 5.34 aggregating to ` 32.85 Crore.
January 20, 2023 • 7.34 GOI 2064 Sovereign 2.59 Please refer Minimum Application Amount, Plans & Options, on Page no. 101 to 103.
• 7.23 GOI 2039 Sovereign 2.32
• 7.16 GOI 2050 Sovereign 1.82 $$For further details, please refer to para ‘Exit Load’ on page
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • 6.67 GOI 2050 Sovereign 1.49 no. 104.
Regular Plan - Growth Option 11.6252 • 6.62 GOI 2051 Sovereign 1.25
Regular Plan - IDCW Option 10.6506 7.18 GOI 2037 Sovereign 1.21
Direct Plan - Growth Option 11.6925 Sub Total 95.69
Direct Plan - IDCW Option 10.7360 Alternative Investment Fund Units
Sub Total 0.19
ASSETS UNDER MANAGEMENT J Cash,Cash Equivalents and Net Current Assets 4.12
As on August 31, 2024 Grand Total 100.00
` 4,215.08 Cr. • Top Ten Holdings
` 3,900.32 Cr.
QUANTITATIVE DATA SIP PERFORMANCE ^ - Regular Plan - Growth Option
Residual Maturity * 29.04 years Since Inception 1 year
Macaulay Duration * 12.15 years SIP SIP
Modified Duration * 11.74 years Total Amount Invested (` in Lacs) 2.00 1.20
Annualized Portfolio YTM# * 7.11%
#
semi annual YTM has been annualised. Mkt Value As on August 30, 2024 (` in Lacs) 2.19 1.28
*Calculated on amount invested in debt securities Returns (%) 10.90 12.74
(including accrued interest), deployment of funds Benchmark Returns (%) # N.A. N.A.
in TREPS and Reverse Repo and net receivable Additional Benchmark Returns (%) ## 9.19 10.34
/ payable. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Tax on Management Fees PERFORMANCE*^
Regular: 0.60%Direct: 0.25% Scheme Benchmark Value of ` 10,000 invested
Additional
(`)##
#BENCHMARK INDEX:
Nifty Long Duration Debt Index - A-III Aug 31, 23 Last 1 Year 10.76 9.94 8.82 11,076 10,994 10,882
##ADDL. BENCHMARK INDEX: Jan 20, 23 Since Inception 9.80 9.46 8.94 11,625 11,567 11,480
CRISIL 10 year Gilt Index Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Shobhit Mehrotra,
please refer page 104. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission
charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
EXIT LOAD$$ :
Nil ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into consideration

Portfolio investors who are seeking ~) end portfolio)
Classification By
HDFC Long • Income over the long term
Asset Class (%) rate Moderately
Mode High
rate Moderately
Duration Debt • To generate income / capital o
Fund w t erate Hi
Mo Lo
gh
d

Mo Lo
gh
d
Very
instruments
High
Low
BENCHMARK: Very
High
Low
Nifty Long RISKOMETER

n G-Sec 95.69
Index - A-III moderate risk Investors understand that their principal will be at
n Cash, Cash Equivalents and Net Current Assets 4.12 moderate risk

Portfolio Relatively Low (Class I)
Classification By Moderate (Class II)
Rating Class (%)
Relatively High (Class III) A-III
A-III - A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
n Sovereign 95.69 Scheme and Benchmark Riskometer As on August 31, 2024
August 2024 85
HDFC Arbitrage Fund CATEGORY OF SCHEME
ARBITRAGE FUND
(An open ended scheme investing in arbitrage opportunities)
INVESTMENT OBJECTIVE : To generate income through arbitrage opportunities and debt & money market instruments. There is no assurance that the investment objective of the
FUND MANAGER ¥ SIP PERFORMANCE ^ - Regular Plan - Growth Option

Arun Agarwal Since Inception 15 year 10 year 5 year 3 year 1 year
(Arbitrage Assets) (since August 24, 2020) SIP SIP SIP SIP SIP SIP
Total Experience: Over 25 years Total Amount Invested (` in Lacs) 20.30 18.00 12.00 6.00 3.60 1.20
Nirman Morakhia Mkt Value As on August 30, 2024 (` in Lacs) 35.10 28.87 15.94 6.96 3.99 1.25
(Arbitrage Assets) (since February 15, 2023) Returns (%) 6.13 6.01 5.54 5.86 6.88 7.71
Total Experience: Over 16 years Benchmark Returns (%) # N.A. N.A. 5.41 5.92 6.94 7.04
Anil Bamboli Additional Benchmark Returns (%) ## 6.30 6.33 6.03 5.83 6.70 7.69
(Debt Assets) (since February 01, 2022) Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed
Total Experience: Over 30 years after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above
DATE OF ALLOTMENT / INCEPTION DATE PERFORMANCE ^ - Regular Plan - Growth Option

October 23, 2007 Scheme Benchmark Value of ` 10,000 invested
Additional
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) (`)##
Retail Plan Aug 31, 23 Last 1 Year 7.69 7.66 7.50 10,769 10,766 10,750
Regular Plan - IDCW Option 20.941 Aug 31, 21 Last 3 Years 5.83 6.01 5.67 11,852 11,913 11,801
Regular Plan - Quarterly IDCW Option 20.031 Aug 30, 19 Last 5 Years 5.12 5.03 5.54 12,842 12,782 13,099
Direct Plan - Growth Option 30.096 Aug 28, 14 Last 10 Years 5.75 5.59 6.42 17,497 17,238 18,654
Direct Plan - Quarterly IDCW Option 22.807
Oct 23, 07 Since Inception 6.51 NA 6.24 28,973 NA 27,754
Wholesale Plan
Regular Plan - Growth Option 28.973 Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. Scheme performance is not strictly comparable
Regular Plan - IDCW Option 10.803 with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage
Regular Plan - Monthly IDCW Option 11.224 opportunities, etc. For performance of other schemes managed by Arun Agarwal, Nirman Morakhia and Anil Bamboli, please refer page 104.
Different plans viz. Regular Plan and Direct Plan have a different expense structure. For Performance of Direct Plan, refer page 109 to 115.
Direct Plan - IDCW Option 11.381 ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
Direct Plan - Monthly IDCW Option 11.025 consideration for computation of performance.

` 15,819.35 Cr. Industry Allocation of Equity Holding
Average for Month of August 2024 (% of Net Assets)
` 15,253.19 Cr.
QUANTITATIVE DATA Banks 14.45
Portfolio Turnover Finance 7.47
Equity Turnover 340.49% IT - Software 4.74 Portfolio
Total Turnover 1418.89% Pharmaceuticals & Biotechnology 4.71 Classification By
Total Turnover = Equity + Debt + Derivative Petroleum Products 4.32
Automobiles 4.01 Rating Class (%)
Residual Maturity * 166 days Telecom - Services 3.62
Macaulay Duration * 157 days Aerospace & Defense 3.15
Modified Duration * 145 days Diversified Metals 3.06
Annualized Portfolio YTM# * 7.28% Realty 2.43
#
semi annual YTM has been annualised. Diversified Fmcg 2.14
*Calculated on amount invested in debt securities Power 1.64 n Equity 74.43
(including accrued interest), deployment of funds Transport Services 1.53 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 3.98
in TREPS and Reverse Repo and net receivable Construction 1.51
/ payable. 1.33
n AA+ 0.32
Non - Ferrous Metals
Metals & Minerals Trading 1.19 n AA/AA- 0.16
Oil 1.13 n Cash, Cash Equivalents and Net Current Assets 21.11
TOTAL EXPENSE RATIO (As on August 31, 2024) Cement & Cement Products 1.10
Including Additional Expenses and Goods and Service Chemicals & Petrochemicals 1.07
Tax on Management Fees Retailing 1.06
Ferrous Metals 0.95
Regular: 0.93%Direct: 0.41% Capital Markets 0.94
#BENCHMARK INDEX: Insurance 0.66 Portfolio
NIFTY 50 Arbitrage Index Leisure Services 0.59 Classification By
##ADDL. BENCHMARK INDEX: Gas 0.56 Asset Class (%)
CRISIL 1 year T-Bill Index Food Products 0.56
EXIT LOAD$$ : Beverages 0.32
• In respect of each purchase / switch-in of Units, an Transport Infrastructure 0.27
Exit Load of 0.25% is payable if Units are redeemed Agricultural Food & Other Products 0.24 n Equity 74.43
/ switched-out within 1 month from the date of Agricultural, Commercial & Construction Vehicles 0.17
allotment. Personal Products 0.15 n CP 0.31
• No Exit Load is payable if Units are redeemed n CD 1.26
/ switched-out after 1 month from the date of Healthcare Services 0.14
allotment. Textiles & Apparels 0.12 n Credit Exposure 2.89
Minerals & Mining 0.12 n Mutual Fund Units 18.23
Consumable Fuels 0.01 n Cash, Cash Equivalents and Net Current Assets 2.88
¥ Dedicated Fund Manager for Overseas Investments: 0 5 10 15 20
Mr. Dhruv Muchhal (since June 22, 2023) CD - Certificate of Deposit; CP - Commercial Papers
(Total Experience: Over 10 years).
Please refer Minimum Application Amount, Plans &
Options, on Page no. 101 to 103.
$$For further details, please refer to para ‘Exit Load’ on interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely
page no. 104. to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order
86 August 2024

ARBITRAGE FUND
PORTFOLIO
Company Industry+ / Rating % to NAV % exposure Company Industry+ / Rating % to NAV % exposure
(Hedged & of Derivative (Hedged & of Derivative
Unhedged) Unhedged)
EQUITY & EQUITY RELATED Jindal Steel & Power Ltd. Ferrous Metals 0.25 0.25
• HDFC Bank Ltd.£ Banks 4.72 4.74 ABB India Ltd. Electrical Equipment 0.24 0.25
• Vedanta Ltd. Diversified Metals 3.06 3.07 Siemens Ltd. Electrical Equipment 0.24 0.24
• Reliance Industries Ltd. Petroleum Products 2.95 2.97 Bharat Heavy Electricals Ltd. Electrical Equipment 0.21 0.21
• Hindustan Aeronautics Limited Aerospace & Defense 2.82 2.84 The Ramco Cements Ltd. Cement & Cement
• Tata Motors Ltd. Automobiles 2.76 2.75 Products 0.21 0.21
• Bajaj Finance Ltd. Finance 2.62 2.64 GMR INFRASTRUCTURE LIMITED Transport Infrastructure 0.20 0.20
• VODAFONE IDEA LIMITED Telecom - Services 2.10 2.12 IDFC Ltd. Finance 0.20 0.20
• Kotak Mahindra Bank Limited Banks 2.04 2.05 UltraTech Cement Limited Cement & Cement
• Tata Consultancy Services Ltd. IT - Software 1.81 1.82 Products 0.20 0.20
• Infosys Limited IT - Software 1.79 1.80 Oracle Financial Ser Software Ltd. IT - Software 0.19 0.19
State Bank of India Banks 1.76 1.77 RBL Bank Ltd. Banks 0.19 0.19
Bank of Baroda Banks 1.74 1.75 Godrej Properties Ltd. Realty 0.18 0.18
ITC Ltd. Diversified Fmcg 1.60 1.61 Ambuja Cements Ltd. Cement & Cement
Products 0.17 0.17
Canara Bank Banks 1.53 1.54 Persistent Systems Limited IT - Software 0.17 0.17
Larsen and Toubro Ltd. Construction 1.51 1.52 Power Grid Corporation of India Ltd. Power 0.17 0.17
InterGlobe Aviation Ltd. Transport Services 1.41 1.41 Tata Consumer Products Limited Agricultural Food & Other
DLF LIMITED Realty 1.37 1.38 Products 0.17 0.17
ADANI ENTERPRISES LIMTIED Metals & Minerals Trading 1.19 1.19 Guj. Narmada Valley Fertilisers Ltd Chemicals &
Oil & Natural Gas Corporation Ltd. Oil 1.13 1.13 Petrochemicals 0.16 0.16
The Tata Power Company Ltd. Power 1.12 1.13 Aarti Industries Ltd. Chemicals &
Indusind Bank Ltd. Banks 1.05 1.06 Petrochemicals 0.15 0.15
Indian Energy Exchange Limited Capital Markets 0.94 0.94 Astral Limited Industrial Products 0.15 0.16
LIC Housing Finance Ltd. Finance 0.91 0.92 Chambal Fertilizers & Chemicals Ltd. Fertilizers & Agrochemicals 0.15 0.15
Oberoi Realty Ltd. Realty 0.88 0.89 Cipla Ltd. Pharmaceuticals &
Bharti Airtel Ltd. Telecom - Services 0.76 0.77 Biotechnology 0.15 0.15
Indian Oil Corporation Ltd. Petroleum Products 0.75 0.75 Apollo Hospitals Enterprise Ltd. Healthcare Services 0.14 0.14
Trent Ltd. Retailing 0.75 0.75 REC Limited. Finance 0.14 0.14
Laurus Labs Ltd. Pharmaceuticals & Cholamandalam Investment & Finance
Biotechnology 0.74 0.74 Co. Ltd. Finance 0.13 0.13
Biocon Ltd. Pharmaceuticals & ESCORTS LTD. Agricultural, Commercial
Biotechnology 0.72 0.73 & Construction Vehicles 0.13 0.13
Hindalco Industries Ltd. Non - Ferrous Metals 0.72 0.73 Container Corporation of India Ltd. Transport Services 0.12 0.12
Aditya Birla Capital ltd. Finance 0.66 0.66 Granules India Ltd. Pharmaceuticals &
Aurobindo Pharma Ltd. Pharmaceuticals & Biotechnology 0.12 0.12
Biotechnology 0.64 0.64 Hero MotoCorp Ltd. Automobiles 0.12 0.12
HDFC Life Insurance Company Limited Insurance 0.61 0.62 NMDC Limited Minerals & Mining 0.12 0.12
Axis Bank Ltd. Banks 0.60 0.60 Petronet LNG Ltd. Gas 0.12 0.12
L&T Finance Ltd. Finance 0.60 0.60 TCNS Clothing Co. Ltd Textiles & Apparels 0.12
Lupin Ltd. Pharmaceuticals & Dabur India Ltd. Personal Products 0.11 0.11
Biotechnology 0.59 0.60 Dixon Technologies (India) Ltd. Consumer Durables 0.11 0.11
Power Finance Corporation Ltd. Finance 0.58 0.58 Grasim Industries Ltd. Cement & Cement
Tata Steel Ltd. Ferrous Metals 0.58 0.58 Products 0.11 0.11
Bajaj Finserv Ltd. Finance 0.54 0.54 Piramal Enterprises Limited Finance 0.11 0.11
Hindustan Petroleum Corp. Ltd. Petroleum Products 0.54 0.54 Abbott India Ltd. Pharmaceuticals &
Hindustan Unilever Ltd. Diversified Fmcg 0.54 0.54 Biotechnology 0.10 0.10
Shriram Finance Ltd. Finance 0.53 0.53 Mahanagar Gas Ltd. Gas 0.10 0.10
Punjab National Bank Banks 0.52 0.52 Muthoot Finance Ltd. Finance 0.10 0.11
Glenmark Pharmaceuticals Ltd. Pharmaceuticals & LTIMindtree Limited IT - Software 0.09 0.09
Biotechnology 0.51 0.51 Bharat Forge Ltd. Auto Components 0.08 0.08
Alkem Laboratories Ltd. Pharmaceuticals & Bharat Petroleum Corporation Ltd. Petroleum Products 0.08 0.08
Biotechnology 0.50 0.51 HCL Technologies Ltd. IT - Software 0.08 0.08
Indus Towers Limited Telecom - Services 0.50 0.50 Adani Ports & Special Economic Zone Transport Infrastructure 0.07 0.07
Zydus Lifesciences Limited Pharmaceuticals & Balrampur Chini Mills Ltd. Agricultural Food & Other
Biotechnology 0.50 0.50 Products 0.07 0.07
Titan Company Ltd. Consumer Durables 0.43 0.43 JSW Steel Ltd. Ferrous Metals 0.07 0.07
ACC Ltd. Cement & Cement Pidilite Industries Ltd. Chemicals &
Products 0.39 0.39 Petrochemicals 0.07 0.07
Mahindra & Mahindra Ltd. Automobiles 0.39 0.40 Tata Chemicals Ltd. Chemicals &
Polycab India Limited Industrial Products 0.36 0.36 Petrochemicals 0.07 0.07
TVS Motor Company Ltd. Automobiles 0.36 0.36 Cummins India Ltd. Industrial Products 0.06 0.06
Manappuram Finance Ltd. Finance 0.35 0.35 Dr Reddys Laboratories Ltd. Pharmaceuticals &
Maruti Suzuki India Limited Automobiles 0.35 0.36 Biotechnology 0.06 0.06
NTPC Limited Power 0.35 0.35 Divis Laboratories Ltd. Pharmaceuticals &
Indian Hotels Company Ltd. Leisure Services 0.34 0.34 Biotechnology 0.05 0.05
National Aluminium Co. Ltd. Non - Ferrous Metals 0.34 0.34 PI Industries Ltd. Fertilizers & Agrochemicals 0.05 0.05
Atul Ltd. Chemicals & Steel Authority Of India Ltd. Ferrous Metals 0.05 0.05
Petrochemicals 0.33 0.33 Ashok Leyland Ltd Agricultural, Commercial
Bharat Electronics Ltd. Aerospace & Defense 0.33 0.33 & Construction Vehicles 0.04 0.04
Exide Industries Ltd. Auto Components 0.32 0.32 Colgate-Palmolive ( I ) Ltd. Personal Products 0.04 0.04
United Spirits Limited Beverages 0.32 0.32 Indraprastha Gas Ltd. Gas 0.04 0.04
Wipro Ltd. IT - Software 0.32 0.32 Bajaj Auto Limited Automobiles 0.03 0.03
GAIL (India) Ltd. Gas 0.30 0.30 Havells India Ltd. Consumer Durables 0.03 0.03
ICICI Bank Ltd. Banks 0.29 0.29 ICICI Prudential Life Insurance Company Ltd. Insurance 0.03 0.03
Aditya Birla Fashion and Retail Ltd. Retailing 0.28 0.41 INFO EDGE (INDIA) LIMITED Retailing 0.03 0.03
Birlasoft Limited IT - Software 0.28 0.28 Sun Pharmaceutical Industries Ltd. Pharmaceuticals &
Biotechnology 0.03 0.03
Britannia Industries Ltd. Food Products 0.28 0.28 Max Financial Services Ltd. Insurance 0.02 0.02
Navin Fluorine International Ltd. Chemicals & Shree Cement Ltd. Cement & Cement
Petrochemicals 0.28 0.28 Products 0.02 0.02
Nestle India Ltd. Food Products 0.28 0.28 Berger Paints (I) Ltd Consumer Durables 0.01 0.01
HINDUSTAN COPPER LIMITED Non - Ferrous Metals 0.27 0.27 City Union Bank Ltd. Banks 0.01 0.01
Asian Paints Limited Consumer Durables 0.26 0.26 Coal India Ltd. Consumable Fuels 0.01 0.01
Tata Communications Limited Telecom - Services 0.26 0.26 Coforge Limited IT - Software 0.01 0.01
UPL Ltd. Fertilizers & Agrochemicals 0.26 0.26 MRF Ltd. Auto Components 0.01 0.01
Indian Railway Catering And Tourism Corp Ltd Leisure Services 0.25 0.26
August 2024 87
ARBITRAGE FUND
PORTFOLIO
Company Industry+ / Rating % to NAV % exposure Company Industry+ / Rating % to NAV % exposure
(Hedged & of Derivative (Hedged & of Derivative
Unhedged) Unhedged)
SRF Ltd. Chemicals & Julius Baer Capital (India) Pvt. Ltd. CRISIL - A1+ 0.31 0.00
Petrochemicals 0.01 0.01 Sub Total 0.31 0.00
Balkrishna Industries Ltd. Auto Components @ 0.00 CD
Bandhan Bank Ltd. Banks @ 0.00 ICICI Bank Ltd. ICRA - A1+ 0.63 0.00
Dalmia Bharat Ltd. Cement & Cement Kotak Mahindra Bank Limited CRISIL - A1+ 0.63 0.00
Products @ 0.00 Sub Total 1.26 0.00
Ipca Laboratories Ltd. Pharmaceuticals & Total 1.57 0.00
Biotechnology @ 0.00 MUTUAL FUND UNITS
MphasiS Limited. IT - Software @ 0.00 HDFC Liquid Fund - Direct Plan - Growth Option 4.93 0.00
Samvardhana Motherson International Ltd. Auto Components @ 0.00 HDFC Money Market Fund - Direct Plan - Growth Option 13.30 0.00
Tech Mahindra Ltd. IT - Software @ 0.00 Sub Total 18.23 0.00
Sub Total 74.43 0.00 Cash Margin 15.79 0.00
DEBT & DEBT RELATED Cash,Cash Equivalents and Net Current Assets -12.91 0.00
Credit Exposure (Non Perpetual) Grand Total 100.00 74.79
HDFC Bank Ltd.£ CRISIL - AAA 0.78 0.00
National Bank for Agri & Rural Dev. CRISIL - AAA 0.69 0.00 • Top Ten Holdings, £ Sponsor, @ Less than 0.01%.
Bajaj Finance Ltd. CRISIL - AAA 0.47 0.00
Bharti Telecom Limited CRISIL - AA+ 0.32 0.00
Outstanding exposure in derivative instruments (` in Crore) 11,830.95
Power Finance Corporation Ltd. CRISIL - AAA 0.32 0.00
Motilal Oswal Finvest Limited ICRA - AA 0.16 0.00 Hedged position in Equity & Equity related instruments
REC Limited. CRISIL - AAA 0.15 0.00
Sub Total 2.89 0.00 Outstanding derivative exposure (% age) 74.79
MONEY MARKET INSTRUMENTS
CP Face Value per Unit: ` 10, + Industry Classification as recommended by AMFI, CD - Certificate
of Deposit; CP - Commercial Papers, Data is as of August 31, 2024 unless otherwise specified.

HDFC • Income over short term.

rate Moderately
Arbitrage • Income through arbitrage o Mode High Modera
opportunities between cash and o M
Fund w t erate Hi
Mo Lo
gh
d
derivative market and arbitrage

Mo Lo
gh
d
Very
opportunities within the

Low
High
BENCHMARK
Very
Low
High
: NIFTY 50 derivative segment.

RISKOMETER
Arbitrage Index Investors understand that their principal will be at RISKOMETER
low risk Investors understand that their principal will be at
low risk
88 August 2024
HDFC Floating Rate Debt Fund
[An open ended debt scheme predominantly investing in floating rate instruments
CATEGORY OF SCHEME
FLOATER FUND
(including fixed rate instruments converted to floating rate exposures using swaps
/ derivatives) A Relatively High Interest Rate Risk and Moderate Credit Risk]

generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments
swapped for floating rate returns and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.

Shobhit Mehrotra
(since October 23, 2007) Issuer Rating % to NAV Issuer Rating % to NAV
Total Experience: Over 31 years DEBT & DEBT RELATED Cholamandalam Investment &
Government Securities (Central/State) Finance Co. Ltd. ICRA - AA+ 0.33
• GOI 2034 Sovereign 14.79 Grasim Industries Ltd. CRISIL - AAA 0.33
• Floating Rate GOI 2033 Sovereign 8.27 Kalpataru Projects International Ltd CARE - AA 0.33
DATE OF ALLOTMENT / INCEPTION DATE • GOI 2028 Sovereign 4.80 National Housing Bank CRISIL - AAA 0.33
October 23, 2007 • GOI 2031 Sovereign 4.19 India Grid Trust CRISIL - AAA 0.32
7.26 GOI 2033 Sovereign 0.98 NTPC Limited CRISIL - AAA 0.32
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) 7.64% Andhra Pradesh SDL ISD JM Financial Asset Reconstruction
Regular Plan - Growth Option 46.7156 170124 MAT 170131 Sovereign 0.71 Co. Ltd. ICRA - AA- 0.29
Regular Plan - Daily IDCW Reinvestment 7.41 GOI 2036 Sovereign 0.34 JM FINANCIAL HOME LOANS
Option 10.0809 7.64% Gujarat SDL ISD 170124 MAT LIMITED CRISIL - AA 0.16
Regular Plan - Weekly IDCW Option 10.0469 Nirma Ltd. CRISIL - AA 0.07
Regular Plan - Monthly IDCW Option 10.1511 170133 Sovereign 0.34
Direct Plan - Growth Option 47.5611 7.18 GOI 2033 Sovereign 0.33 Mufasa 11 2022 CRISIL - AAA(SO) 0.02
Direct Plan - Daily IDCW Reinvestment 10.0809 7.18 GOI 2037 Sovereign 0.30 Sub Total 57.63
Option
Direct Plan - Weekly IDCW Option 10.0472 7.38 GOI 2027 Sovereign 0.13 Credit Exposure (Perpetual Bonds)
Direct Plan - Monthly IDCW Option 10.1512 7.27% Tamil Nadu SDL Mat 120727 Sovereign 0.03 TMF Holdings Ltd. (Subsidiary of
5.77 GOI 2030 Sovereign 0.01 Tata Motors Ltd.) (Perpetual) CRISIL - AA+ 0.96
ASSETS UNDER MANAGEMENT J Sub Total 0.96
As on August 31, 2024 7.23% Tamil Nadu SDL MAT 140627 Sovereign 0.01
Total 93.82
` 15,209.67 Cr. Sub Total 35.23
MONEY MARKET INSTRUMENTS
Average for Month of August 2024 Credit Exposure (Non Perpetual)
CD
` 15,174.05 Cr. • National Bank for Agri & Rural Dev. CRISIL - AAA 8.10
Kotak Mahindra Bank Limited CRISIL - A1+ 0.95
• Small Industries Development Bank CARE - AAA / CRISIL
QUANTITATIVE DATA - AAA 5.77 Canara Bank CRISIL - A1+ 0.48
Residual Maturity * 4.33 years • Power Finance Corporation Ltd. CRISIL - AAA 4.47 Punjab National Bank IND - A1+ 0.48
Macaulay Duration * 1.43 year ICICI Bank Ltd. ICRA - A1+ 0.16
Modified Duration * 1.35 year • LIC Housing Finance Ltd. CRISIL - AAA 3.49
Annualized Portfolio YTM *
#
7.90% • TMF Holdings Ltd. (Subsidiary of Sub Total 2.07
#
semi annual YTM has been annualised. Tata Motors Ltd.) CRISIL - AA+ 3.13 Alternative Investment Fund Units
*Calculated on amount invested in debt securities • HDFC Bank Ltd.£ CRISIL - AAA 2.66 Corporate Debt Market Development Fund 0.27
(including accrued interest), deployment of funds in
TREPS and Reverse Repo and net receivable / payable. Aadhar Housing Finance Limited ICRA - AA 2.30 Sub Total 0.27
Bharti Telecom Limited CRISIL - AA+ 2.11 Cash,Cash Equivalents and Net Current Assets 3.84
TOTAL EXPENSE RATIO (As on August 31, 2024) REC Limited. CARE - AAA / CRISIL Grand Total 100.00
Including Additional Expenses and Goods and Service - AAA 1.98
Tax on Management Fees SMFG India Credit Company Ltd ICRA - AAA 1.98 • Top Ten Holdings, £ Sponsor
Regular: 0.49%Direct: 0.26% Indian Railways Finance Corp. Ltd. CRISIL - AAA 1.93
Outstanding exposure in derivative
Sikka Port and Terminal Ltd. instruments Interest Rate Swap (` in Crore) 2,625.00
(erstwhile Reliance Ports and
#BENCHMARK INDEX: Terminals Ltd.) CRISIL - AAA 1.66 Face Value per Unit: ` 10, CD - Certificate of Deposit; CP - Commercial
CRISIL Short Duration Debt A-II Index Godrej Industries Ltd. CRISIL - AA 1.59 Papers. Data is as of August 31, 2024 unless otherwise specified.
##ADDL. BENCHMARK INDEX: Muthoot Finance Ltd. ICRA - AA+ 1.38 ¥ Dedicated Fund Manager for Overseas Investments:
CRISIL 10 year Gilt Index Bajaj Housing Finance Ltd. CRISIL - AAA 1.32 (Total Experience: Over 10 years).
SMFG India Home Finance CARE - AAA / CRISIL J Includes investments made by the schemes of HDFC Mutual Fund
EXIT LOAD$$ : Company Ltd - AAA 1.31
Nil aggregating to ` 102.08 Crore.
Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 1.30 Please refer Minimum Application Amount, Plans & Options, on
Jamnagar Utilities & Power Pvt. Page no. 101 to 103.
Ltd. (erstwhile Reliance Utilities &
Power Pvt. Ltd.) CRISIL - AAA 1.28 $$For further details, please refer to para ‘Exit Load’ on page
TVS Credit Services Ltd ICRA - AA 1.18 no. 104.
Portfolio HDB Financial Services Ltd. CRISIL - AAA 0.97
Classification By Larsen and Toubro Ltd. CRISIL - AAA 0.72
Asset Class (%) Embassy Office Parks REIT CRISIL - AAA 0.66
Sundaram Home Finance Limited ICRA - AAA 0.66
TATA POWER RENEWABLE ENERGY
LTD. CARE - AA+ 0.66
n G-Sec, SDL 35.23 SBFC Finance Ltd IND - AA- 0.65
n Securitized Debt Instruments 0.52 First Business Receivables Trust
n CD 2.07 (PTC banked by receivables from
n Credit Exposure 58.07 Reliance Corporate IT Park Limited) CRISIL - AAA(SO) 0.50
n Alternative Investment Fund Units 0.27 Bajaj Finance Ltd. CRISIL - AAA 0.49
n Cash, Cash Equivalents and Net Current Assets 3.84 TATA Capital Housing Finance Ltd. CRISIL - AAA 0.48
Mahindra Rural Housing Finance
Ltd CRISIL - AAA 0.40
Portfolio
Classification By SIP PERFORMANCE ^ - Regular Plan - Growth Option
Rating Class (%) Since Inception 15 year 10 year 5 year 3 year 1 year
n Sovereign 35.23 Returns (%) 7.61 7.56 7.09 6.79 7.47 8.61
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 45.52 Benchmark Returns (%) # N.A. 7.51 7.03 6.42 6.95 8.15
n AA+ 8.57
n AA/AA- 6.57 Additional Benchmark Returns (%) ## 6.44 6.48 6.20 5.78 7.55 10.34
n Alternative Investment Fund Units 0.27 Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
n Cash, Cash Equivalents and Net Current Assets 3.84 simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
August 2024 89
HDFC Floating Rate Debt Fund
[An open ended debt scheme predominantly investing in floating rate instruments
CATEGORY OF SCHEME
FLOATER FUND
(including fixed rate instruments converted to floating rate exposures using swaps
/ derivatives) A Relatively High Interest Rate Risk and Moderate Credit Risk]

Scheme Benchmark AdditionalValue of ` 10,000 invested
(`)##
Aug 31, 23 Last 1 Year 8.04 7.68 8.82 10,804 10,768 10,882
Aug 31, 21 Last 3 Years 6.29 5.64 5.05 12,008 11,788 11,592
Aug 30, 19 Last 5 Years 6.76 6.37 5.28 13,873 13,620 12,939
Aug 28, 14 Last 10 Years 7.47 7.40 7.11 20,568 20,445 19,899
Oct 23, 07 Since Inception 7.79 7.59 6.49 35,439 34,324 28,890
Returns greater than 1 year period are compounded annualized (CAGR). Since Inception returns are calculated on ` 13.1821 (allotment price).
For performance of other schemes managed by Shobhit Mehrotra, please refer page 104. Different plans viz. Regular Plan and Direct Plan
have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses /
commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.

HDFC Floating • Income over short term

rate Moderately
Rate Debt • To generate income / capital o Mode High Modera
appreciation through investment o M
Fund w t erate Hi
Mo Lo
gh
d
in a portfolio comprising
Mo Lo
gh
d
Very
substantially of floating rate

High
Low
BENCHMARK
Very
High
Low
: CRISIL Short debt, fixed rate debt instruments

RISKOMETER
Duration Debt swapped for floating rate returns RISKOMETER
A-II Index and money market instruments low to moderate risk Investors understand that their principal will be at

Moderate (Class II)
90 August 2024
HDFC Corporate Bond Fund CATEGORY OF SCHEME
CORPORATE BOND FUND
(An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A
Relatively High Interest Rate Risk and Moderate Credit Risk)
KEY FACTS
INVESTMENT OBJECTIVE : To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds. There is no assurance that
the investment objective of the Scheme will be achieved.
FUND MANAGER ¥
PORTFOLIO
Anupam Joshi
(since October 27, 2015) Issuer Rating % to NAV Issuer Rating % to NAV
Total Experience: Over 18 years DEBT & DEBT RELATED GOI STRIPS - Mat 160628 Sovereign 0.04
Government Securities (Central/State) GOI STRIPS - Mat 161228 Sovereign 0.04
• 7.23 GOI 2039 Sovereign 4.74 GOI STRIPS - Mat 220228 Sovereign 0.04
• 7.1 GOI 2034 Sovereign 4.52 7.1 GOI 2028 Sovereign 0.03
DATE OF ALLOTMENT / INCEPTION DATE • Floating Rate GOI 2033 Sovereign 4.24 7.48% Karnataka SDL ISD Sovereign 0.03
June 29, 2010 GOI 2034 Sovereign 2.50 210224 Mat 210233
7.18 GOI 2033 Sovereign 1.68 7.63% Maharashtra SDL Mat
7.44% Telangana SDL ISD 310135 Sovereign 0.03
030424 MAT 030436 Sovereign 0.49
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) 7.63% Maharashtra SDL Mat Sovereign 0.03
Regular Plan - Growth Option 30.3634 7.48% Rajasthan SDL ISD Sovereign 0.42 310136
Regular Plan - IDCW Option 18.3811 200324 MAT 200337 GOI STRIPS - Mat 120928 Sovereign 0.03
Regular Plan - Quarterly IDCW Option 10.4878 7.48% Uttar Pradesh SDL ISD Sovereign 0.34 7.51% Uttarpradesh SDL ISD
Direct Plan - Growth Option 30.9637 200324 Mat 200336 270324 MAT 270338 Sovereign 0.02
Direct Plan - IDCW Option 18.9723 7.52% Himachal Pradesh SDL GOI STRIPS - Mat 160629 Sovereign 0.02
Direct Plan - Quarterly IDCW Option 10.3253 ISD 270324 MAT 270339 Sovereign 0.34
7.52% Uttarpradesh SDL ISD Sovereign 0.34 GOI STRIPS - Mat 220229 Sovereign 0.02
270324 MAT 270339 7.47% Chhattisgarh SDL ISD
ASSETS UNDER MANAGEMENT J 7.73% Uttar Pradesh SDL Mat 200324 MAT 200334 Sovereign 0.01
As on August 31, 2024 081133 Sovereign 0.34
GOI STRIPS - Mat 010628 Sovereign @
` 30,370.80 Cr. 7.41% Himachal Pradesh SDL ISD Sovereign 0.33 GOI STRIPS - Mat 011228 Sovereign @
Average for Month of August 2024 130324 Mat 130336 GOI STRIPS - Mat 190928 Sovereign @
` 29,977.71 Cr. 7.66% RAJASTHAN SDL Mat Sovereign 0.32 Sub Total 25.64
310133 Credit Exposure (Non Perpetual)
QUANTITATIVE DATA 7.64% Gujarat SDL ISD 170124 Sovereign 0.29 CRISIL - AAA / ICRA -
MAT 170133 • REC Limited. AAA / IND - AAA 6.73
Residual Maturity * 5.69 years
Macaulay Duration * 3.83 years 7.47% Uttarakhand SDL ISD Sovereign 0.27 National Bank for Agri & Rural
Modified Duration * 3.62 years 200324 MAT 200334 • Dev. CRISIL - AAA / ICRA - AAA 6.23
Annualized Portfolio YTM# * 7.59% 7.72% Uttar Pradesh SDL Mat Sovereign 0.27 • Power Finance Corporation Ltd. CRISIL - AAA 5.02
#
semi annual YTM has been annualised. 081134
7.64% % Gujarat SDL ISD 170124 Sovereign • HDB Financial Services Ltd. CRISIL - AAA 4.62
*Calculated on amount invested in debt securities Mat 170134 0.25 • HDFC Bank Ltd.£ CRISIL - AAA 4.31
(including accrued interest), deployment of funds 7.66% RAJASTHAN SDL Mat • Bajaj Housing Finance Ltd. CRISIL - AAA 3.57
in TREPS and Reverse Repo and net receivable 310134 Sovereign 0.24 • LIC Housing Finance Ltd. CRISIL - AAA 3.14
/ payable. 7.68% Jharkhand SDL ISD Small Industries Development CARE - AAA / CRISIL 3.08
240124 Mat 240132 Sovereign 0.24 Bank - AAA
7.52% Goa SDL ISD 270324 MAT Sovereign State Bank of India CRISIL - AAA / ICRA 2.85
TOTAL EXPENSE RATIO (As on August 31, 2024) 270339 0.22 - AAA
Including Additional Expenses and Goods and Service MANGALORE REFINERY AND CARE - AAA / CRISIL
Tax on Management Fees 7.63% Gujarat SDL ISD 240124 Sovereign 0.22 2.64
Mat 240133 PETROCHEMICA - AAA
Regular: 0.61%Direct: 0.36% 7.39% Andhra Pradesh SDL ISD Sovereign Power Grid Corporation of CRISIL - AAA 2.57
030424 MAT 030430 0.17 India Ltd.
7.63% Gujarat SDL ISD 240124 Sovereign TATA Capital Housing Finance CRISIL - AAA 2.19
Mat 240134 0.17 Ltd.
#BENCHMARK INDEX: 7.66% Haryana SDL Mat 310136 Sovereign 0.17 Indian Railways Finance Corp.
Nifty Corporate Bond Index A- II Ltd. CRISIL - AAA 2.17
7.67% Chhattisgarh SDL ISD Sovereign 0.17
240124 Mat 240131 Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 2.03
##ADDL. BENCHMARK INDEX: 7.68% Chattisgarh SDL ISD National Highways Authority CRISIL - AAA 1.99
CRISIL 10 year Gilt Index 170124 MAT 170132 Sovereign 0.17 of India
6.82% Bihar SDL - ISD 140721 Kotak Mahindra Investments Ltd. CRISIL - AAA 1.89
Mat 140728 Sovereign 0.16 Toyota Financial Services India CRISIL - AAA / ICRA
Ltd. - AAA 1.84
EXIT LOAD$$ : 7.36% Maharashtra SDL ISD Sovereign 0.15
120423 Mat 120428 Reliance Industries Ltd. CRISIL - AAA 1.73
Nil
7.42% Tamil Nadu SDL ISD Sovereign 0.15 SMFG India Credit Company Ltd CARE - AAA
- AAA / ICRA 1.56
030424 MAT 030434
7.43% Maharashtra SDL ISD Nomura Capital India Pvt. Ltd. IND - AAA 1.35
030424 MAT 030439 Sovereign 0.15 Housing and Urban
7.67% Rajasthan ISD 24012024 Sovereign Development Corporation Ltd. CARE - AAA 1.23
Mat 240134 0.14 Hindustan Petroleum Corp. Ltd. CRISIL - AAA 1.08
7.47% Goa SDL ISD 200324 MAT Sovereign Jamnagar Utilities & Power Pvt.
200334 0.12 Ltd. (erstwhile Reliance Utilities CRISIL - AAA 1.01
7.67% Uttarakhand SDL ISD & Power Pvt. Ltd.)
271223 MAT 271233 Sovereign 0.12 National Housing Bank CRISIL - AAA 1.01
7.24 GOI 2033 Sovereign 0.10 National Bank for Financing
7.67% Chattisgarh SDL ISD Infrastructure and Development CRISIL - AAA 0.83
170124 MAT 170133 Sovereign 0.10 DME Development Ltd CRISIL - AAA 0.50
GOI STRIPS - Mat 190328 Sovereign 0.10 L&T Finance Ltd. CRISIL - AAA 0.49
7.47% Chhattisgarh SDL ISD Sikka Port and Terminal Ltd.
200324 MAT 200333 Sovereign 0.08 (erstwhile Reliance Ports and CRISIL - AAA 0.49
7.66% RAJASTHAN SDL ISD Terminals Ltd.)
240124 Mat 240131 Sovereign 0.08 Nuclear Power Corporation of ICRA - AAA
India Ltd. 0.42
7.72% Rajasthan SDL - Mat Sovereign 0.08
081133 Kotak Mahindra Prime Ltd. CRISIL - AAA 0.40
GOI 2031 Sovereign 0.08 Indian Oil Corporation Ltd. CRISIL - AAA 0.33
7.48% Uttar Pradesh ISD 210224 Sovereign NHPC Ltd. CARE - AAA 0.30
Mat 210234 0.07 ONGC Petro additions Ltd.
(OPAL) (Put on ONGC Ltd.) CARE - AAA(CE) 0.28
GOI STRIPS - Mat 170628 Sovereign 0.05 Bajaj Finance Ltd. CRISIL - AAA 0.19
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument
or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than
what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when
deciding to make their investments.
August 2024 91
HDFC Corporate Bond Fund CATEGORY OF SCHEME

CORPORATE BOND FUND
(An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A
Relatively High Interest Rate Risk and Moderate Credit Risk)
PORTFOLIO
Issuer Rating % to NAV

Portfolio Nomura Fixed Income Securities IND - AAA Outstanding exposure in derivative
Pvt. 0.17 instruments Interest Rate Swap (` in Crore) 2,850.00
Classification By
NTPC Limited CRISIL - AAA 0.17 Face Value per Unit: ` 10, CD - Certificate of Deposit; CP - Commercial
Asset Class (%) ICICI Bank Ltd. CARE - AAA 0.16 Papers, Data is as of August 31, 2024 unless otherwise specified.
Export - Import Bank of India CRISIL - AAA 0.08 ¥ Dedicated Fund Manager for Overseas Investments:
First Business Receivables Trust Mr. Dhruv Muchhal (since June 22, 2023)
(PTC banked by receivables (Total Experience: Over 10 years).
from Reliance Corporate IT Park CRISIL - AAA(SO) 0.06
J Includes investments made by the schemes of HDFC Mutual Fund
n G-Sec, G-Sec STRIPS, SDL 25.64 Limited) aggregating to ` 5.40 Crore.
n Securitized Debt Instruments 0.06 Sub Total 70.71 Please refer Minimum Application Amount, Plans & Options, on Page
Total 96.35 no. 101 to 103.
n Credit Exposure 70.65
Alternative Investment Fund Units
n Alternative Investment Fund Units 0.25 Corporate Debt Market Development Fund 0.25
n Cash, Cash Equivalents and Net Current Assets 3.40 Sub Total 0.25
Grand Total 100.00
• Top Ten Holdings, £ Sponsor, @ Less than 0.01%.
Portfolio
Classification By
Rating Class (%)

Since Inception 10 year 5 year 3 year 1 year
SIP SIP SIP SIP SIP
n Sovereign 25.64 Total Amount Invested (` in Lacs) 17.10 12.00 6.00 3.60 1.20
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 70.71 Mkt Value As on August 30, 2024 (` in Lacs) 30.63 17.45 7.08 4.01 1.26
n Alternative Investment Fund Units 0.25 Returns (%) 7.77 7.27 6.54 7.14 8.66
n Cash, Cash Equivalents and Net Current Assets 3.40 Benchmark Returns (%) # 7.80 7.34 6.74 6.87 7.45

Scheme Benchmark Value of ` 10,000 invested
Additional
(`)##
Aug 31, 23 Last 1 Year 7.96 7.38 8.82 10,796 10,738 10,882
Aug 31, 21 Last 3 Years 5.81 5.37 5.05 11,847 11,701 11,592
Aug 30, 19 Last 5 Years 6.81 6.42 5.28 13,909 13,654 12,939
Aug 28, 14 Last 10 Years 7.83 7.38 7.11 21,279 20,396 19,899
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Anupam Joshi, please
Note: Effective close of business hours of May 8, 2018, HDFC Medium Term Opportunities Fund (HMTOF) underwent changes in Fundamental
Attributes and was renamed as HDFC Corporate Bond Fund (HCBF) and HDFC Floating Rate Income Fund – Long Term Plan and HDFC Gilt Fund
– Short Term Plan were merged therein. As the portfolio structuring of HCBF closely resembles the erstwhile HMTOF, the past performance
of HMTOF is provided, in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.

HDFC • Income over short to medium

rate Moderately
Corporate term o Mode High Modera
• To generate income/capital o M
Bond Fund w t erate Hi
Mo Lo
gh
d
appreciation through investments

Mo Lo
gh
d
Very
predominantly in AA+ and above

High
Low
BENCHMARK :
Very
High
Low
Nifty Corporate rated corporate bonds

RISKOMETER
Bond Index A-II Investors understand that their principal will be at RISKOMETER
moderate risk
Moderate (Class II)
92 August 2024
HDFC Banking and PSU Debt Fund
(An open ended debt scheme predominantly investing in debt instruments of
CATEGORY OF SCHEME
BANKING AND PSU FUND
banks, public sector undertakings, public financial institutions and municipal
bonds. A Relatively High Interest Rate Risk and Moderate Credit Risk)

generate income / capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued
by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.

Anil Bamboli
(since March 26, 2014) Issuer Rating % to Issuer Rating % to
DEBT & DEBT RELATED Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 1.28
Government Securities (Central/State) SMFG India Credit Company Ltd CARE - AAA 1.27
DATE OF ALLOTMENT / INCEPTION DATE • 7.18 GOI 2033 Sovereign 5.08 Export - Import Bank of India CRISIL - AAA 0.85
• 7.26 GOI 2033 Sovereign 3.72 TATA Capital Housing Finance
March 26, 2014 7.26 GOI 2032 Sovereign 1.51 Ltd. CRISIL - AAA 0.85
GOI 2034 Sovereign 1.11 ONGC Petro additions Ltd.
7.1 GOI 2034 Sovereign 0.94 (OPAL) (Put on ONGC Ltd.) CARE - AAA(CE) 0.59
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) 5.79 GOI 2030 Sovereign 0.88 Bank of Baroda CRISIL - AAA 0.51
Regular Plan - Growth Option 21.5052 7.64% Gujarat SDL ISD 170124 Indian Bank CRISIL - AAA 0.41
Regular Plan - IDCW Option 10.1511 MAT 170133 Sovereign 0.87 Sub Total 79.47
Direct Plan - Growth Option 22.3201 7.17 GOI 2030 Sovereign 0.86 Total 96.09
Direct Plan - IDCW Option 10.0414 7.64% % Gujarat SDL ISD MONEY MARKET INSTRUMENTS
170124 Mat 170134 Sovereign 0.52 CD
7.63% Gujarat SDL ISD 240124 Union Bank of India IND - A1+ 0.41
ASSETS UNDER MANAGEMENT Mat 240133 Sovereign 0.43 Sub Total 0.41
As on August 31, 2024 7.63% Gujarat SDL ISD 240124 Alternative Investment Fund Units
` 5,919.26 Cr. Mat 240134 Sovereign 0.35 Corporate Debt Market Development Fund 0.27
Average for Month of August 2024 7.23 GOI 2039 Sovereign 0.17 Sub Total 0.27
7.18 GOI 2037 Sovereign 0.09 Cash,Cash Equivalents and Net Current Assets 3.23
` 5,942.26 Cr. 7.63% Maharashtra SDL Mat Grand Total 100.00
QUANTITATIVE DATA Sub Total 16.62 • Top Ten Holdings, £ Sponsor
Residual Maturity * 4.68 years Credit Exposure (Non Perpetual)
Macaulay Duration * 3.67 years • Small Industries Development CARE - AAA / CRISIL Outstanding exposure in derivative
Modified Duration * 3.46 years Bank - AAA 10.89 instruments Interest Rate Swap (` in Crore) 275.00
Annualized Portfolio YTM *#
7.49% • Indian Railways Finance
#
semi annual YTM has been annualised. Corp. Ltd. CRISIL - AAA 10.76 Face Value per Unit: ` 10, Data is as of August 31, 2024 unless
*Calculated on amount invested in debt securities • National Bank for Agri & otherwise specified.
Rural Dev. CRISIL - AAA / ICRA - AAA 9.90
(including accrued interest), deployment of funds • HDFC Bank Ltd.£ CRISIL - AAA 9.16 ¥ Dedicated Fund Manager for Overseas Investments:
in TREPS and Reverse Repo and net receivable • REC Limited. CRISIL - AAA / ICRA Mr. Dhruv Muchhal (since June 22, 2023)
/ payable. - AAA 8.27 (Total Experience: Over 10 years).
• Power Finance Corporation Ltd. CRISIL - AAA 4.65
• Bajaj Housing Finance Ltd. CRISIL - AAA 4.25 Please refer Minimum Application Amount, Plans & Options, on
TOTAL EXPENSE RATIO (As on August 31, 2024) • LIC Housing Finance Ltd. CRISIL - AAA 2.98 Page no. 101 to 103.
Tax on Management Fees National Housing Bank CARE - AAA / CRISIL $$For further details, please refer to para ‘Exit Load’ on page
- AAA 2.97 no. 104.
Regular: 0.79%Direct: 0.39% Housing and Urban
Development Corporation Ltd. CARE - AAA 2.80
Power Grid Corporation of
#BENCHMARK INDEX: India Ltd. CRISIL - AAA 2.56
Nifty Banking & PSU Debt Index A-II State Bank of India CRISIL - AAA 2.56
Mahanagar Telephone Nigam
##ADDL. BENCHMARK INDEX: Ltd. (Corporate guarantee from CARE - AAA(CE) / CRISIL
Govt of India) - AAA(CE) 1.96
EXIT LOAD$$ : SIP PERFORMANCE ^ - Regular Plan - Growth Option

Nil Since Inception 10 year 5 year 3 year 1 year
SIP SIP SIP SIP SIP
Returns (%) 6.99 6.91 6.16 6.69 8.08
Portfolio Benchmark Returns (%) # 6.82 6.74 6.14 6.67 8.07
Classification By Additional Benchmark Returns (%) ## 6.31 6.20 5.78 7.55 10.34
Asset Class (%) accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment

n G-Sec, SDL 16.62 Scheme Benchmark Additional Value of ` 10,000 invested
n CD 0.41 Returns Returns Benchmark Scheme (`) Benchmark Additional
n Credit Exposure 79.47 (%) ## (`)# Benchmark
n Alternative Investment Fund Units 0.27 (`)##
n Cash, Cash Equivalents and Net Current Assets 3.23 Aug 31, 23 Last 1 Year 7.49 7.46 8.82 10,749 10,746 10,882
Aug 31, 21 Last 3 Years 5.54 5.17 5.05 11,754 11,631 11,592
Aug 30, 19 Last 5 Years 6.51 6.24 5.28 13,715 13,539 12,939
Aug 28, 14 Last 10 Years 7.54 7.27 7.11 20,705 20,184 19,899
Returns greater than 1 year period are compounded annualized (CAGR). For performance of other schemes managed by Anil Bamboli, please
Portfolio refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the
Classification By Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of Direct Plan,
Rating Class (%)
n Sovereign 16.62 This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 79.88 interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
n Cash, Cash Equivalents and Net Current Assets 3.23 maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
August 2024 93
HDFC Banking and PSU Debt Fund
(An open ended debt scheme predominantly investing in debt instruments of
CATEGORY OF SCHEME
BANKING AND PSU FUND
banks, public sector undertakings, public financial institutions and municipal
bonds. A Relatively High Interest Rate Risk and Moderate Credit Risk)

HDFC Banking • Income over short to medium

and PSU Debt term.
Fund • To generate income /
Modera
capital appreciation through oderate High tely
o M Modera
investments in debt and money o M
BENCHMARK : w t erate Hi
Mo Lo
gh
d
Nifty Banking & market instruments consisting
Mo Lo
gh
d
predominantly of securities issued
Very
High
Low
PSU Debt
Very
by entities such as Scheduled
High
Low
Index A-II
Commercial Banks (SCBs), Public RISKOMETER
Sector undertakings (PSUs),
Public Financial Institutions low to moderate risk
(PFIs), Municipal Corporations
and such other bodies

Moderate (Class II)
Stcheme and Benchmark Riskometer As on August 31, 2024
94 August 2024
HDFC Credit Risk Debt Fund
[An open ended debt scheme predominantly investing in AA and below rated corporate
CATEGORY OF SCHEME
CREDIT RISK FUND
bonds (excluding AA+ rated corporate bonds) A Relatively High Interest Rate Risk and
Relatively High Credit Risk]
INVESTMENT OBJECTIVE : To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt. There is no assurance that the
FUND MANAGER ¥ SIP PERFORMANCE ^ - Regular Plan - Growth Option

Shobhit Mehrotra Since Inception 10 year 5 year 3 year 1 year
(since March 25, 2014) SIP SIP SIP SIP SIP
Total Experience: Over 31 years Total Amount Invested (` in Lacs) 12.60 12.00 6.00 3.60 1.20
Returns (%) 7.42 7.34 6.92 6.96 8.64
DATE OF ALLOTMENT / INCEPTION DATE Benchmark Returns (%) # 8.86 8.81 8.67 8.81 8.79
March 25, 2014 Additional Benchmark Returns (%) ## 6.31 6.20 5.78 7.55 10.34
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital.
Regular Plan - IDCW Option 20.7432 PERFORMANCE ^ - Regular Plan - Growth Option
Regular Plan - Quarterly IDCW Option 10.4117
Direct Plan - Growth Option 24.2201 Scheme Benchmark Additional Value of ` 10,000 invested
Direct Plan - IDCW Option 21.2314 Returns Returns Benchmark Scheme (`) Benchmark Additional
Direct Plan - Quarterly IDCW Option 10.7419 Date Period (%) (%)# Returns
(`)##
ASSETS UNDER MANAGEMENT Aug 31, 23 Last 1 Year 7.86 8.02 8.82 10,786 10,802 10,882
As on August 31, 2024 Aug 31, 21 Last 3 Years 5.91 7.29 5.05 11,881 12,349 11,592
` 7,669.17 Cr. Aug 30, 19 Last 5 Years 7.38 8.05 5.28 14,284 14,731 12,939
Average for Month of August 2024 Aug 28, 14 Last 10 Years 7.96 8.47 7.11 21,532 22,564 19,899
` 7,711.73 Cr. Mar 25, 14 Since Inception 8.09 8.57 7.19 22,527 23,587 20,653
Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of performance.
QUANTITATIVE DATA For performance of other schemes managed by Shobhit Mehrotra, please refer page 104. Different plans viz. Regular Plan and Direct Plan
Residual Maturity * 3.15 years have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses
Macaulay Duration * 2.31 years / commission charged in the Regular Plan. For Performance of Direct Plan, refer page 109 to 115.
Modified Duration * 2.17 years
Annualized Portfolio YTM# * 8.50% ^Past performance may or may not be sustained in future and is not a guarantee of any future returns. Load is not taken into
#
semi annual YTM has been annualised.
*Calculated on amount invested in debt securities Note: Effective close of business hours of May 8, 2018, HDFC Corporate Debt Opportunities Fund (HCDOF) underwent changes in
(including accrued interest), deployment of funds Fundamental Attributes and was renamed as HDFC Credit Risk Debt Fund (HCRDF) and HDFC Regular Savings Fund was merged
therein. As the portfolio structuring of HCRDF closely resembles the erstwhile HCDOF, the past performance of HCDOF is provided,
in TREPS and Reverse Repo and net receivable in line with SEBI circular on Performance disclosure post consolidation/ merger of scheme dated April 12, 2018.
/ payable.

Tax on Management Fees Portfolio Portfolio
Regular: 1.58%Direct: 0.97% Classification By Classification By
#BENCHMARK INDEX:
Nifty Credit Risk Bond Index B-II
n Units issued by InvIT 2.07
##ADDL. BENCHMARK INDEX: n Units issued by ReIT 2.96 n Sovereign 10.09
CRISIL 10 year Gilt Index n G-Sec, SDL 10.09 n Units issued by InvIT 2.07
n Securitized Debt Instruments 1.66 n Units issued by ReIT 2.96
n CP 0.32 n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 13.56
EXIT LOAD$$ :
• In respect of each purchase / switch-in of Units, 15% of n CD 0.32 n AA+ 15.82
the units (“the limit”) may be redeemed without any n Credit Exposure 77.93 n AA/AA- 41.75
exit Load from the date of allotment n Alternative Investment Fund Units 0.29
• Any redemption in excess of the above limit shall be n Alternative Investment Fund Units 0.29
subject to the following exit load: n Cash, Cash Equivalents and Net Current Assets 4.36 n A+ & Below 9.10
• In respect of each purchase / switch-in of Units, an n Cash, Cash Equivalents and Net Current Assets 4.36
Exit Load of 1.00% is payable if Units are redeemed CD - Certificate of Deposit; CP - Commercial Papers
/ switched-out within 12 months from the date of
allotment
• In respect of each purchase / switch-in of Units, an Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer
Exit Load of 0.50% is payable if Units are redeemed Benchmark
/ switched-out after 12 months but within 18 months (This product is suitable for (Current risk as per latest month
from the date of allotment investors who are seeking ~) end portfolio)
switched-out after 18 months from the date of
allotment HDFC Credit • Income over short to medium Modera
oderate High tely
Risk Debt term o M Modera
• To generate income/capital o M
Fund w t erate Hi
Mo Lo
gh
d
appreciation by investing
Mo Lo
gh
d
Very
predominantly in AA and below

High
Low
BENCHMARK :
Very
High
Low
Nifty Credit Risk rated corporate debt (excluding

RISKOMETER
Bond Index B-II AA+ rated corporate bonds) RISKOMETER
moderately high risk Investors understand that their principal will be at
Moderate (Class II)
Relatively High (Class III) C-III
C-III - A Scheme with Relatively High Interest Rate Risk and Relatively High Credit Risk.
Scheme and Benchmark Riskometer As on August 31, 2024 ....Contd on next page
August 2024 95
HDFC Credit Risk Debt Fund
[An open ended debt scheme predominantly investing in AA and below rated corporate
CATEGORY OF SCHEME
CREDIT RISK FUND
bonds (excluding AA+ rated corporate bonds) A Relatively High Interest Rate Risk and
Relatively High Credit Risk]
PORTFOLIO
Issuer Industry+ / Issuer Rating % to NAV Issuer Industry+ / Issuer Rating % to NAV
Security Rating Security Rating
DEBT & DEBT RELATED India Grid Trust CRISIL - AAA / ICRA
- AAA CRISIL - AAA 0.90
Government Securities (Central/State)
NTPC Limited CRISIL - AAA CRISIL - AAA 0.79
7.1 GOI 2029 Sovereign Sovereign 1.65
VAJRA 009 TRUST ICRA - AA(SO) ICRA - AA(SO) 0.78
JM Financial Asset Reconstruction Co. Ltd. ICRA - AA- CRISIL - AA- 0.77
GOI 2034 Sovereign Sovereign 1.32
Steel Authority Of India Ltd. IND - AA CARE - AA 0.72
Vajra 004 Trust CRISIL -
7.1 GOI 2034 Sovereign Sovereign 1.02 CRISIL - AA(SO) AAA(SO) 0.68
7.18 GOI 2037 Sovereign Sovereign 0.67 Sikka Port and Terminal Ltd. (erstwhile
7.26 GOI 2033 Sovereign Sovereign 0.60 Reliance Ports and Terminals Ltd.) CRISIL - AAA CRISIL - AAA 0.64
7.25 GOI 2063 Sovereign Sovereign 0.54 TATA Capital Housing Finance Ltd. CRISIL - AAA CRISIL - AAA 0.64
7.64% Andhra Pradesh SDL ISD 170124 MAT Jamnagar Utilities & Power Pvt. Ltd.
170131 Sovereign Sovereign 0.50 (erstwhile Reliance Utilities & Power Pvt.
Ltd.) CRISIL - AAA CRISIL - AAA 0.63
Floating Rate GOI 2033 Sovereign Sovereign 0.34
Arka Fincap Limited CRISIL - AA CRISIL - AA 0.33
7.67% Chhattisgarh SDL ISD 240124 Mat
240131 Sovereign Sovereign 0.33 REC Limited. CRISIL - AAA CRISIL - AAA 0.27
7.66% RAJASTHAN SDL ISD 240124 Mat Vajra 006 Trust ICRA - AA(SO) ICRA - AA(SO) 0.20
240131 Sovereign Sovereign 0.19 Sub Total 79.21
7.23 GOI 2039 Sovereign Sovereign 0.13 Credit Exposure (Perpetual Bonds)
7.26 GOI 2032 Sovereign Sovereign 0.07 TMF Holdings Ltd. (Subsidiary of Tata
7.60% Tamil Nadu SDL Mat 310131 Sovereign Sovereign 0.07 Motors Ltd.) (Perpetual) CRISIL - AA+ CRISIL - AA+ 0.38
7.17 GOI 2030 Sovereign Sovereign 0.04 Sub Total 0.38
Sub Total 10.09 Total 89.68
Credit Exposure (Non Perpetual) UNITS ISSUED BY REIT & INVIT
• Kalpataru Projects International Ltd CRISIL - AA / IND - AA CRISIL - AA 6.85 Units issued by InvIT
• Power Finance Corporation Ltd. CRISIL - AAA CRISIL - AAA 5.60 Bharat Highways InvIT Construction Construction 1.81
• Tata Motors Ltd. CRISIL - AA+ CRISIL - AA+ 5.09 POWERGRID Infrastructure Investment Trust Power Power 0.26
• Godrej Industries Ltd. CRISIL - AA ICRA - AA 4.88 Sub Total 2.07
• Tata Projects Ltd. IND - AA IND - AA 4.63 Units issued by ReIT
• Indostar Capital Finance Ltd. CRISIL - AA- CARE - A+ 4.55 • Embassy Office Parks REIT Realty Realty 2.96
• ONGC Petro additions Ltd. (OPAL) (Put on Sub Total 2.96
ONGC Ltd.) CRISIL - AA CRISIL - AA 4.45 Total 5.03
• The Tata Power Company Ltd. CARE - AA+ CRISIL - AA+ 3.03 MONEY MARKET INSTRUMENTS
• GERA Development Pvt. Ltd. CARE - AA- CARE - AA- 2.90 CP
Mahindra Rural Housing Finance Ltd CRISIL - AAA / IND TATA Housing Development Co Ltd. CARE - A1+ CARE - AA 0.32
- AA+ ICRA - AA+ 2.76
Sub Total 0.32
TVS Credit Services Ltd CRISIL - AA CRISIL - AA 2.69
CD
Resco Global Wind Services Pvt. Ltd. CRISIL -
CRISIL - AA+(CE) AA+(CE) 2.61 IDBI Bank Limited CRISIL - A1+ CARE - AA- 0.32
Nirma Ltd. CRISIL - AA CRISIL - AA 2.49 Sub Total 0.32
JM Financial Products Ltd. CRISIL - AA / ICRA Total 0.64
- AA CRISIL - AA 1.95
Alternative Investment Fund Units
DLF Home Developers Ltd ICRA - AA ICRA - AA 1.95
Hero Housing Finance Limited CRISIL - AA+ CRISIL - AA+ 1.95
Sub Total 0.29
Vastu Finserve India Pvt. Ltd. CARE - AA- CRISIL - A+ 1.95
JM FINANCIAL HOME LOANS LIMITED CRISIL - AA CRISIL - AA 1.94
Grand Total 100.00
Kogta Financial India Limited ICRA - A+ CARE - A+ 1.62
Infopark Properties Limited CARE - AA- CARE - AA- 1.31 • Top Ten Holdings
SK FINANCE LIMITED CRISIL - AA- CRISIL - AA- 1.30 Outstanding exposure in derivative instruments Interest Rate Swap (` in Crore) 125.00
SMFG India Home Finance Company Ltd CRISIL - AAA CARE - AAA 1.30
LIC Housing Finance Ltd. CRISIL - AAA CRISIL - AAA 1.12 Face Value per Unit: ` 10, Data is as of August 31, 2024 unless otherwise specified. ≈ Based on
long term rating.
Indian Railways Finance Corp. Ltd. CRISIL - AAA CRISIL - AAA 0.99
Avanse Financial Service Ltd. BRICKWORKS
CARE - AA- - A+ 0.98 ¥ Dedicated Fund Manager for Overseas Investments:
Nuvoco Vistas Corporation Ltd. (100% Mr. Dhruv Muchhal (since June 22, 2023)
subsidiary of Nirma Ltd. & erstwhile Lafarge (Total Experience: Over 10 years).
India Ltd.) CRISIL - AA CRISIL - AA 0.97
Please refer Minimum Application Amount, Plans & Options, on Page no. 101 to 103.
This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to
the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives
is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be
of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider
the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
96 August 2024
HDFC Dynamic Debt Fund CATEGORY OF SCHEME
DYNAMIC BOND FUND
(An open ended dynamic debt scheme investing across duration. A Relatively High Interest Rate
Risk and Moderate Credit Risk)
KEY FACTS
INVESTMENT OBJECTIVE : To generate income / capital appreciation by investing in a range of debt and money market instruments. There is no assurance that the investment

Anil Bamboli
(since February 16, 2004)
NAV NAV
DEBT & DEBT RELATED UNITS ISSUED BY REIT & INVIT
DATE OF ALLOTMENT / INCEPTION DATE Government Securities (Central/State) Units issued by InvIT
April 28, 1997 • 7.3 GOI 2053 Sovereign 15.94 Bharat Highways InvIT Construction 1.54
• 7.1 GOI 2034 Sovereign 9.51 Units issued by ReIT
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • 7.26 GOI 2032 Sovereign 9.23 Embassy Office Parks REIT Realty 0.52
Regular Plan - Growth Option 84.5599 • 7.26 GOI 2033 Sovereign 8.21 Sub Total 0.52
Regular Plan - Quarterly IDCW Option 12.5312 • 7.25 GOI 2063 Sovereign 7.57 Total 2.06
Regular Plan - Half-Yearly IDCW Option 11.8112
Regular Plan - Yearly IDCW Option 13.4956 • GOI 2034 Sovereign 6.08 Alternative Investment Fund Units
Regular Plan - Normal IDCW Option 18.1159 • 7.18 GOI 2037 Sovereign 2.74 Corporate Debt Market Development Fund 0.24
Direct Plan - Growth Option 92.7332 7.64% Gujarat SDL ISD 170124 Sub Total 0.24
Direct Plan - Quarterly IDCW Option 13.9224 MAT 170133 Sovereign 1.37 Cash,Cash Equivalents and Net Current Assets 6.26
Direct Plan - Half-Yearly IDCW Option 13.7449 7.65% Chhattisgarh SDL Mat Grand Total
Direct Plan - Yearly IDCW Option 14.9892 100.00
Direct Plan - Normal IDCW Option 19.5256 7.09 GOI 2054 Sovereign 1.35 • Top Ten Holdings, £ Sponsor, @ less than 0.01%
J
7.63% Gujarat SDL ISD 240124
ASSETS UNDER MANAGEMENT Mat 240133 Sovereign 0.69 Face Value per Unit: ` 10, Data is as of August 31, 2024 unless
As on August 31, 2024 7.63% Gujarat SDL ISD 240124 otherwise specified.
` 747.88 Cr. Mat 240134 Sovereign 0.69
Average for Month of August 2024 7.64% % Gujarat SDL ISD ¥ Dedicated Fund Manager for Overseas Investments:
` 733.76 Cr. 170124 Mat 170134 Sovereign 0.69 Mr. Dhruv Muchhal (since June 22, 2023)
7.48% Uttar Pradesh SDL ISD (Total Experience: Over 10 years).
QUANTITATIVE DATA 200324 Mat 200336 Sovereign 0.68
Residual Maturity * 14.27 years 6.67 GOI 2035 Sovereign 0.63
Macaulay Duration * 7.36 years 8.26% Maharashtra SDL - ISD J Includes investments made by the schemes of HDFC Mutual
Modified Duration * 7.11 years 120815 Mat 120825 Sovereign 0.08 Fund aggregating to ` 3.48 Crore.
Annualized Portfolio YTM# * 7.15% 8.19% Rajasthan SDL (UDAY
#
semi annual YTM has been annualised. Scheme- Strip IX ) - ISD 230616 Please refer Minimum Application Amount, Plans & Options, on
*Calculated on amount invested in debt securities Mat 230626 Sovereign @ Page no. 101 to 103.
(including accrued interest), deployment of funds in Sub Total
82.50
Credit Exposure (Non Perpetual) $$For further details, please refer to para ‘Exit Load’ on page
TOTAL EXPENSE RATIO (As on August 31, 2024) • REC Limited. CRISIL - AAA 3.53 no. 104.
Including Additional Expenses and Goods and Service • HDFC Bank Ltd.£ CRISIL - AAA 3.38
Tax on Management Fees Pipeline Infrastructure Pvt. Ltd. CRISIL - AAA 2.03
Regular: 1.55%Direct: 0.74% Sub Total 8.94
Total 91.44
#BENCHMARK INDEX:
Nifty Composite Debt Index A- III
##ADDL. BENCHMARK INDEX: SIP PERFORMANCE ^ - Regular Plan - Growth Option
CRISIL 10 year Gilt Index Since Inception 15 year 10 year 5 year 3 year 1 year
EXIT LOAD$$ : Total Amount Invested (` in Lacs) 32.90 18.00 12.00 6.00 3.60 1.20
Nil Mkt Value As on August 30, 2024 (` in Lacs) 100.57 30.83 16.48 7.09 4.00 1.26
Returns (%) 7.28 6.82 6.19 6.61 7.03 9.73
Additional Benchmark Returns (%) ## N.A. 6.48 6.20 5.78 7.55 10.34
Portfolio Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after
Classification By accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
Asset Class (%)

n Units issued by InvIT 1.54 Scheme Benchmark Additional Value of ` 10,000 invested
n Units issued by ReIT 0.52 Date Period (%) (%)# Returns
n G-Sec, SDL 82.50 (`)##
n Credit Exposure 8.94 Aug 31, 23 Last 1 Year 8.55 8.17 8.82 10,855 10,817 10,882
n Alternative Investment Fund Units 0.24 Aug 31, 21 Last 3 Years 5.07 5.53 5.05 11,600 11,752 11,592
n Cash, Cash Equivalents and Net Current Assets 6.26 Aug 30, 19 Last 5 Years 6.71 6.68 5.28 13,843 13,819 12,939
Aug 28, 14 Last 10 Years 6.93 7.82 7.11 19,554 21,254 19,899
Apr 28, 97 Since Inception 8.12 NA NA 84,560 NA NA
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. For performance of other schemes managed by Anil
Portfolio Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct
Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
Classification By Direct Plan, refer page 109 to 115.
Rating Class (%)
n Sovereign 82.50
n Units issued by InvIT 1.54 This scheme has exposure to floating rate instruments and / or interest rate derivatives. The duration of these instruments is linked to the
n Units issued by ReIT 0.52 interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
n AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 8.94 than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio
n Alternative Investment Fund Units 0.24 maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.
August 2024 97
HDFC Dynamic Debt Fund CATEGORY OF SCHEME
DYNAMIC BOND FUND
(An open ended dynamic debt scheme investing across duration. A Relatively High Interest Rate
Risk and Moderate Credit Risk)

HDFC • Income over medium to long term

rate Moderately
Dynamic Debt • To generate income / capital o Mode High Modera
appreciation by investing in a o M
Fund w t erate Hi
Mo Lo
gh
d
range of debt and money market
Mo Lo
gh
d
Very
instruments
High
Low
BENCHMARK :
Very
High
Low
Nifty Composite RISKOMETER
Debt Index A-III Investors understand that their principal will be at RISKOMETER
moderate risk

Moderate (Class II)
98 August 2024
HDFC Gilt Fund CATEGORY OF SCHEME
GILT FUND
(An open ended debt scheme investing in government securities across maturities.
A Relatively High Interest Rate Risk and Relatively Low Credit Risk)
KEY FACTS
INVESTMENT OBJECTIVE : To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/ or State Government.

Anil Bamboli
NAV NAV
DEBT & DEBT RELATED 7.95 GOI 2032 Sovereign 0.05
DATE OF ALLOTMENT / INCEPTION DATE Government Securities (Central/State) 8.97 GOI 2030 Sovereign 0.04
July 25, 2001 • 7.18 GOI 2033 Sovereign 28.12 6.76 GOI 2061 Sovereign 0.01
NAV (AS ON AUGUST 30, 2024) NAV PER UNIT (`) • 7.26 GOI 2033 Sovereign 9.28 Cash,Cash Equivalents and Net Current Assets 3.58
Regular Plan - Growth Option 51.9741 • 7.1 GOI 2034 Sovereign 8.84 Grand Total 100.00
Regular Plan - IDCW Option 12.0614 • 7.17 GOI 2030 Sovereign 6.91 • Top Ten Holdings
Direct Plan - Growth Option 54.5109 • 7.26 GOI 2032 Sovereign 6.57
• 7.18 GOI 2037 Sovereign 4.64 Outstanding exposure in derivative
• 7.25 GOI 2063 Sovereign 3.31 instruments Interest Rate Swap (` in Crore) 45.00
J
As on August 31, 2024 • 6.79 GOI 2029 Sovereign 2.45 Face Value per Unit: ` 10, Data is as of August 31, 2024 unless
` 2,645.04 Cr. • 7.64% Gujarat SDL ISD 170124 otherwise specified.
Average for Month of August 2024 MAT 170133 Sovereign 1.91
` 2,571.24 Cr. 7.64% % Gujarat SDL ISD ¥ Dedicated Fund Manager for Overseas Investments:
170124 Mat 170134 Sovereign 1.17
QUANTITATIVE DATA 7.23 GOI 2039 Sovereign 0.97 (Total Experience: Over 10 years).
Residual Maturity * 13.51 years 7.65% Chhattisgarh SDL Mat
Macaulay Duration * 7.70 years 310133 Sovereign 0.97 J Includes investments made by the schemes of HDFC Mutual
Modified Duration * 7.44 years 7.63% Gujarat SDL ISD 240124 Fund aggregating to ` 82.07 Crore.
Annualized Portfolio YTM# * 7.05% Mat 240133 Sovereign 0.58
#
semi annual YTM has been annualised. Please refer Minimum Application Amount, Plans & Options, on
GOI 2034 Sovereign 0.57
*Calculated on amount invested in debt securities Page no. 101 to 103.
(including accrued interest), deployment of funds 7.34 GOI 2064 Sovereign 0.39
in TREPS and Reverse Repo and net receivable 7.63% Gujarat SDL ISD 240124 $$For further details, please refer to para ‘Exit Load’ on page
/ payable. Mat 240134 Sovereign 0.39 no. 104.
TOTAL EXPENSE RATIO (As on August 31, 2024) 7.48% Uttar Pradesh SDL ISD
Including Additional Expenses and Goods and Service 200324 Mat 200336 Sovereign 0.38
Tax on Management Fees 6.99 GOI 2051 Sovereign 0.14
Regular: 0.89%Direct: 0.46% 7.67% Uttar Pradesh SDL ISD
271223 Mat 271233 Sovereign 0.12
#BENCHMARK INDEX:
Nifty All Duration G-Sec Index
EXIT LOAD$$ : SIP SIP SIP SIP SIP SIP
Nil Total Amount Invested (` in Lacs) 27.80 18.00 12.00 6.00 3.60 1.20
Returns (%) 6.87 7.08 6.38 6.00 7.18 9.79
Additional Benchmark Returns (%) ## N.A. 6.48 6.20 5.78 7.55 10.34
Portfolio accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment
Classification By
Asset Class (%)
n G-Sec, SDL 96.42 (%) ## (`)# Benchmark
(`)##
n Cash, Cash Equivalents and Net Current Assets 3.58 Aug 31, 23 Last 1 Year 8.61 9.75 8.82 10,861 10,975 10,882
Aug 31, 21 Last 3 Years 5.35 6.31 5.05 11,693 12,016 11,592
Aug 30, 19 Last 5 Years 5.85 6.65 5.28 13,292 13,801 12,939
Aug 28, 14 Last 10 Years 7.59 8.00 7.11 20,795 21,618 19,899
Jul 25, 01 Since Inception 7.39 NA NA 51,974 NA NA
Returns greater than 1 year period are compounded annualized (CAGR). N.A. Not Available. For performance of other schemes managed by Anil
Bamboli, please refer page 104. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct
Portfolio Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. For Performance of
Classification By Direct Plan, refer page 109 to 115.
Rating Class (%)
n Sovereign 96.42 interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be
n Cash, Cash Equivalents and Net Current Assets 3.58 than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio
August 2024 99
HDFC Gilt Fund CATEGORY OF SCHEME
GILT FUND
(An open ended debt scheme investing in government securities across maturities.
A Relatively High Interest Rate Risk and Relatively Low Credit Risk)

HDFC Gilt • Credit risk free returns over

rate Moderately
Fund medium to long term o Mode High Modera
• To generate credit risk-free returns o M
w t erate Hi
Mo Lo
gh
d
through investments in sovereign
Mo Lo
gh
BENCHMARK :
d
Very
securities issued by the Central
High
Low
Nifty All Duration
Very
High
Low
G-Sec Index Government and / or State
RISKOMETER
Government RISKOMETER
moderate risk

Moderate (Class II)
Relatively High (Class III) A-III
A-III - A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.
100 August 2024

FUND DETAILS ANNEXURE
SCHEME NAME MINIMUM APPLICATION AMOUNT PLANS & OPTIONS
HDFC Flexi Cap Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Multi Cap Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Top 100 Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Mid-Cap Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Opportunities Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Small Cap Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Large and Mid Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Cap Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Capital Builder Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Value Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Dividend Yield Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Focused 30 Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Business Cycle Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Manufacturing Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Transportation Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
and Logistics Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Defence Fund Purchase/ Switch-ins and Additional Purchase: Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Not Applicable Currently, the Scheme does not accept fresh lumpsum investments offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
(including Switch-ins). Further, 1. Fresh SIP registrations (including SIP Top Up) only
under Monthly frequency shall be registered for upto Rs. 10,000/- per investor
(Aggregated at First holder PAN Level). 2. No new Systematic Transfers (STPs) into
the Scheme shall be registered
Please note, vide addendum dated July 08 2024, the scheme shall not accept
Fresh Systematic Investment Plan (SIP) registrations from July 22, 2024. Systematic
transactions already registered will continue to be processed
HDFC Banking & Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Financial Services offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
Fund
HDFC Technology Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Pharma and Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Healthcare Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Housing Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Opportunities Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Infrastructure Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC MNC Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Non-Cyclical Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Consumer Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Balanced Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
Advantage Fund offers following Sub-Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Hybrid Equity Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
HDFC Multi-Asset Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
August 2024 101

HDFC Equity Savings Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW
Fund Option offers following Sub-Options: Payout of IDCW Option; and Reinvestment
of IDCW Option.
HDFC Asset Allocator Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW
Fund Of Funds Option offers following Sub-Options: Payout of IDCW Option; and Reinvestment
of IDCW Option.
HDFC Hybrid Debt Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth, (Monthly & Quarterly) IDCW
Fund Option. The IDCW Option offers following Sub-Options: Payout of IDCW Option; and
Re-investment of IDCW Option.
HDFC ELSS Tax saver Purchase/Additional Purchase:- Rs. 500 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW Option
offers Payout of IDCW Option.
HDFC Children's Gift Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan.
Fund
HDFC Retirement Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan offers Growth Option only.
Savings Fund - Equity
Plan
Savings Fund - Hybrid
Equity Plan
Savings Fund - Hybrid
Debt Plan
HDFC Overnight Fund Purchase : Under Growth Option : ` 100 and any amount thereafter. Under Regular Plan, Direct Plan. Under Each Plan: Growth & Daily IDCW Option. The Daily
Daily IDCW Option : ` 10,000 and any amount thereafter. IDCW Option offers only Re-investment of IDCW Option.
Additional Purchase : Under Growth Option : ` 100 and any amount thereafter.
Under Daily IDCW Option : ` 5,000 and any amount thereafter
HDFC Liquid Fund Purchase : Under Growth Option Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under both the Plans: Growth & IDCW Option. The Daily
Weekly IDCW Option and Monthly IDCW Option: ` 5,000 and any amount IDCW Option offers only Re-investment of IDCW Option. The Weekly and Monthly
thereafter. IDCW Option offers following Sub-Options: Payout of IDCW Option; and Re-investment
Under Daily IDCW Option: ` 10,000 and any amount thereafter. of IDCW Option.
Additional Purchase : Under Growth Option Rs. 100 and any amount thereafter.
Weekly IDCW Option and Monthly IDCW Option: ` 1,000 and any amount
thereafter. Under Daily IDCW Option: ` 5,000 and any amount thereafter.
HDFC Ultra Short Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under both the Plans: Growth & IDCW Option. The
Term Fund (Daily) IDCW Option offers only Re-investment of IDCW Option. The (Weekly and
Monthly) IDCW Option offers following Sub-Options: Payout of IDCW Option; and
HDFC Low Duration Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Each Plan offers Growth & IDCW Option. The (Daily) IDCW
Fund Option offers only Re-investment of IDCW Option. The (Weekly and Monthly) IDCW
Option offers following Sub-Options: Payout of IDCW Option; and Re-investment
of IDCW Option.
HDFC Money Market Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Each Plan offers Growth & Daily IDCW Option. The (Daily)
Fund IDCW Option offers only Re-investment of IDCW Option. The (Weekly) IDCW Option
offers following Sub-Options: Payout of IDCW Option; and Re-investment of IDCW
Option.
HDFC Short Term Debt Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth, (Fortnightly & Normal) IDCW
Fund Option. Both (Fortnightly & Normal) IDCW Options offers following Sub-Options:
Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Medium Term Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under both the Plans: Growth, (Fortnightly & Normal) IDCW
Debt Fund Option. Both (Fortnightly & Normal) IDCW Options offers following Sub-Options:
Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Income Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth, (Quarterly & Normal) IDCW
Option. Both (Quarterly & Normal) IDCW Option offers following Sub-Options: Payout
of IDCW Option; and Reinvestment of IDCW Option.
HDFC Long Duration Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Each Plan offers Growth & IDCW Option. The (Daily) IDCW
Debt Fund Option offers only Re-investment of IDCW Option. The (Weekly and Monthly) IDCW
Option offers following Sub-Options: Payout of IDCW Option; and Re-investment
of IDCW Option.
HDFC Arbitrage Fund (Wholesale Plan) (Wholesale Plan) - Regular Plan, (Wholesale Plan) - Direct Plan. Under Each Plan:
Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Growth & IDCW Option. The IDCW Option offers (Monthly and Normal) following
Sub-Options: Payout of IDCW Option; and Re-investment of IDCW Option.
102 August 2024

HDFC Floating Rate Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under both the Plans: Growth & IDCW Option. The
Debt Fund (Daily) IDCW Option offers only Re-investment of IDCW Option. The (Weekly and
Monthly) IDCW Option offers following Sub-Options: Payout of IDCW Option; and
HDFC Corporate Bond Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under both the Plans: Growth, (Quarterly & Normal) IDCW
Fund Option. Both (Quarterly & Normal) IDCW Option offers following Sub-Options: Payout
HDFC Banking and Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option (Weekly
PSU Debt Fund frequency). The IDCW Option offers following Sub-Options: Payout of IDCW Option;
and Re-investment of IDCW Option.
HDFC Credit Risk Debt Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth, (Quarterly & Normal) IDCW
Fund Option. Both (Quarterly & Normal) IDCW Option offers following Sub-Options: Payout
HDFC Dynamic Debt Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth, (Normal IDCW, Quarterly IDCW,
Fund Half Yearly IDCW & Yearly) IDCW Option. All IDCW Options offers following Sub-
Options: Payout of IDCW Option; and Reinvestment of IDCW Option.
HDFC Gilt Fund Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW
Option offers following Sub-Options: Payout of IDCW Option; and Reinvestment
of IDCW Option.
HDFC Dynamic PE Ratio Purchase/Additional Purchase:- Rs. 100 and any amount thereafter. Regular Plan, Direct Plan. Under Each Plan: Growth & IDCW Option. The IDCW
Fund of Funds Option offers following Sub-Options: Payout of IDCW Option; and Reinvestment
of IDCW Option.
SEGMENT-WISE BREAK-UP OF EQUITY & HYBRID HOLDING

SCHEME Large Cap Mid Cap Small Cap
HDFC Mid-Cap Opportunities Fund 7.30% 65.98% 18.84%
HDFC Hybrid Equity Fund 47.33% 3.85% 17.03%
HDFC Small Cap Fund 3.86% 8.11% 80.88%
HDFC Large and Mid Cap Fund 49.54% 35.88% 12.06%
HDFC Top 100 Fund 93.79% 3.17% 0.00%
HDFC Flexi Cap Fund 74.27% 2.95% 9.28%
HDFC Dividend Yield Fund 67.96% 5.70% 24.20%
HDFC Multi Cap Fund 43.38% 25.83% 27.52%
HDFC Balanced Advantage Fund 38.16% 5.17% 6.74%
HDFC Equity Savings Fund 24.16% 3.34% 4.28%
HDFC Multi-Asset Fund 36.00% 3.87% 6.99%
HDFC Hybrid Debt Fund 19.44% 2.15% 2.03%
This breakup pertains only to equity exposure.
August 2024 103

Performance details of Schemes managed by respective Fund Managers
Sr. Name of the Page Sr. Name of the Page
No. Fund Manager Funds Managed no. No. Fund Manager Funds Managed no.
1 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 15-16 HDFC Index Fund - BSE SENSEX Plan (Co-managed scheme) 106
HDFC Small Cap Fund 17-18 HDFC Nifty 100 Index Fund (Co-managed scheme) 106
HDFC Hybrid Equity Fund (Co- Managed scheme) 49-50 HDFC NIFTY50 Equal Weight Index Fund (Co-managed scheme) 106
HDFC Children’s Gift Fund (Co- Managed scheme) 62-63 HDFC NIFTY 100 Equal Weight Index Fund (Co-managed scheme) 106
2 Mr. Nirman HDFC Balanced Advantage Fund (Co- Managed scheme) 45-48 HDFC NIFTY Next 50 Index Fund (Co-managed scheme) 106
Morakhia HDFC Multi-Asset Fund (Co-managed scheme) 51-52 HDFC NIFTY Midcap 150 Index Fund (Co-managed scheme) 106
HDFC Equity Savings Fund (Co-managed scheme) 56-57 HDFC NIFTY Smallcap 250 Index Fund (Co-managed scheme) 106
HDFC Arbitrage Fund (Co-managed scheme) 86-88 HDFC BSE 500 Index Fund (Co-managed scheme) 106
HDFC Gold Fund (Co-managed scheme) 106 HDFC Developed World Indexes Fund of Funds (Co-managed scheme) 106
HDFC Developed World Indexes Fund of Funds (Co-managed HDFC Arbitrage Fund (Co-managed scheme) 86-88
scheme) 106 HDFC NIFTY 50 ETF (Co-managed scheme) 107
HDFC Silver ETF Fund of Fund 107 HDFC BSE SENSEX ETF (Co-managed scheme) 107
HDFC Index Fund - NIFTY 50 Plan (Co-managed scheme) 107 HDFC NIFTY Bank ETF (Co-managed scheme) 107
HDFC Index Fund - BSE SENSEX Plan (Co-managed scheme) 107 HDFC NIFTY 100 ETF (Co-managed scheme) 107
HDFC NIFTY 100 Index Fund (Co-managed scheme) 107 HDFC NIFTY Next 50 ETF (Co-managed scheme) 107
HDFC NIFTY50 Equal Weight Index Fund (Co-managed scheme) 107 HDFC NIFTY50 VALUE 20 ETF (Co-managed scheme) 107
HDFC NIFTY 100 Equal Weight Index Fund (Co-managed scheme) 107 HDFC NIFTY100 Quality 30 ETF (Co-managed scheme) 107
HDFC NIFTY Next 50 Index Fund (Co-managed scheme) 107 HDFC NIFTY Growth Sectors 15 ETF (Co-managed scheme) 107
HDFC NIFTY Midcap 150 Index Fund (Co-managed scheme) 107 HDFC NIFTY100 Low Volatility 30 ETF (Co-managed scheme) 107
HDFC NIFTY Smallcap 250 Index Fund (Co-managed scheme) 107 HDFC NIFTY IT ETF (Co-managed scheme) 108
HDFC BSE 500 Index Fund (Co-managed scheme) 107 HDFC NIFTY Private Bank ETF (Co-managed scheme) 108
HDFC NIFTY Midcap 150 ETF 108 HDFC NIFTY Midcap 150 ETF 108
HDFC NIFTY Smallcap 250 ETF 108 HDFC NIFTY Smallcap 250 ETF 108
HDFC BSE 500 ETF 108 HDFC BSE 500 ETF 108
3 Mr. Shobhit HDFC Hybrid Debt Fund (Co-managed scheme) 58-59 HDFC NIFTY200 Momentum 30 ETF 108
Mehrotra HDFC Retirement Savings Fund - Equity Plan 9 Mr. Srinivasan HDFC Housing Opportunities Fund 37-38
(Co-managed scheme) 64-65 Ramamurthy HDFC Infrastructure Fund 39-40
HDFC Retirement Savings Fund - Hybrid Equity Plan HDFC Balanced Advantage Fund (Co- Managed scheme) 45-48
(Co-managed scheme) 66-67 HDFC Multi-Asset Fund (Co-managed scheme) 51-52
HDFC Retirement Savings Fund - Hybrid Debt Plan HDFC Asset Allocator Fund of Funds (Co-managed scheme) 53-54
(Co-managed scheme) 68-69 HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 55
HDFC Medium Term Debt Fund 81-82 HDFC Equity Savings Fund (Co-managed scheme) 56-57
HDFC Income Fund 83-84 HDFC Hybrid Debt Fund (Co-managed scheme) 58-59
HDFC Long Duration Debt Fund 85 HDFC Retirement Savings Fund - Equity Plan
HDFC Floating Rate Debt Fund (Co-managed scheme) 89-90 (Co-managed scheme) 64-65
HDFC Credit Risk Debt Fund 95-96 HDFC Retirement Savings Fund - Hybrid Equity Plan
4 Mr. Anil Bamboli HDFC Balanced Advantage Fund (Co- Managed scheme) 45-48 (Co-managed scheme) 66-67
HDFC Multi-Asset Fund (Co-managed scheme) 51-52 HDFC Retirement Savings Fund - Hybrid Debt Plan
HDFC Asset Allocator Fund of Funds (Co-managed scheme) 53-54 (Co-managed scheme) 68-69
HDFC Equity Savings Fund (Co-managed scheme) 56-57 10 Ms. Roshi Jain HDFC Flexi Cap Fund 8-9
HDFC Children’s Gift Fund (Co- Managed scheme) 62-63 HDFC Focused 30 Fund 26-27
HDFC Overnight Fund 70 HDFC ELSS Tax saver 60-61
HDFC Ultra Short Term Fund (Co-managed scheme) 73-74 11 Mr. Bhagyesh HDFC Multi-Asset Fund (Co-managed scheme) 51-52
HDFC Short Term Debt Fund 79-80 Kagalkar HDFC Asset Allocator Fund of Funds (Co-managed scheme) 53-54
HDFC Arbitrage Fund (Co-managed scheme) 86-88 (Dedicated Fund HDFC Gold Exchange Traded Fund 108
HDFC Banking and PSU Debt Fund 93-94 Manager for HDFC Silver ETF
HDFC Dynamic Debt Fund 97-98 Commodities related 108
HDFC Gilt Fund 99-100 investments)
HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 55 12 Mr. Rahul Baijal HDFC Top 100 Fund 13-14
HDFC Charity Fund for Cancer Cure 107 HDFC Business Cycle Fund 27-28
5 Mr. Anupam Joshi HDFC Hybrid Equity Fund (Co- Managed scheme) 49-50 HDFC MNC Fund 41
HDFC Liquid Fund (Co-managed scheme) 71-72 13 Mr. Praveen Jain HDFC Low Duration Fund (Co- Managed scheme) 75-76
HDFC Low Duration Fund (Co- Managed scheme) 75-76 14 Mr. Swapnil Jangam HDFC Liquid Fund (Co-managed scheme) 71-72
HDFC Corporate Bond Fund 91-92 15 Mr. Anand Laddha HDFC Capital Builder Value Fund 22-23
6 Mr. Vikash Agarwal HDFC Ultra Short Term Fund (Co-managed scheme) 73-74 HDFC Banking & Financial Services Fund 32-33
(till August 30, HDFC Money Market Fund 77-78 16 Mr. Abhishek Poddar HDFC Defence Fund 31
2024) HDFC Floating Rate Debt Fund (Co-managed scheme) 89-90 17 Mr. Amit Sinha HDFC Non-Cyclical Consumer Fund 42
HDFC Nifty G-Sec Dec 2026 Index Fund 105 18 Ms. Priya Ranjan HDFC Transportation and Logistics Fund 29-30
HDFC Nifty G-Sec Jul 2031 Index Fund 105 19 Mr. Balakumar B HDFC Technology Fund 34
HDFC Nifty G- Sec Jun 2027 Index Fund 105 20 Mr. Nikhil Mathur HDFC Pharma and Healthcare Fund 35-36
HDFC Nifty G-Sec Sep 2032 Index Fund 105 21 Mr. Rakesh Sethia HDFC Manufacturing Fund 43-44
HDFC NIFTY G- Sec Apr 2029 Index Fund 105
HDFC NIFTY G-Sec Jun 2036 Index Fund 105 For performance details of Direct Plan, refer page 109 to 115
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund 105
HDFC Nifty SDL Oct 2026 Index Fund 105
HDFC NIFTY 1D Rate Liquid ETF 106
7 Mr. Gopal Agrawal HDFC Multi Cap Fund 10-12
HDFC Large and Mid Cap Fund
(Erstwhile HDFC Growth Opportunities Fund) 19-21
HDFC Dividend Yield Fund 21-22
HDFC Balanced Advantage Fund (Co- Managed scheme) 45-48
8 Mr. Arun Agarwal HDFC Balanced Advantage Fund (Co- Managed scheme) 45-48
HDFC Multi-Asset Fund (Co-managed scheme) 51-52
HDFC Equity Savings Fund (Co-managed scheme) 56-57
HDFC Index Fund - NIFTY 50 Plan (Co-managed scheme) 106
HDFC Gold Fund (Co-managed scheme) 106
$$ EXIT LOAD : (i) No exit load shall be levied for switching between Options under the same Plan within a Scheme. (ii) Switch of investments to Direct Plan within the same Scheme shall be subject
to applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not be
subject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to other Plan within the same Scheme. However, any subsequent switch-out or redemption of such investment
from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a Scheme having separate portfolios,
will be subject to applicable exit load. (v) No exit load will be levied on Bonus Units and Units allotted on IDCW Re-investment. (vi) The exit load levied on redemption/switch-out will be the load
prevailing 1. In case of lumpsum transactions, on the date of allotment of units 2. In case of Systematic Transactions such as SIP, STP etc., on the date of registration / enrolment.
Tax Benefits/Consequences: For detailed information on tax benefits/consequences, refer to the Scheme Information Document available on www.hdfcfund.com
Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax
consequences, each investor is advised to consult his / her own professional tax advisor.
Applicability of Stamp Duty : Effective July 1, 2020, in accordance with the amendment to the Indian Stamp Act, 1899, a stamp duty @ 0.005% of the transaction value would be levied on applicable
mutual fund purchase transactions (including transactions carried through stock exchanges and depositories for units in demat mode). Thus, the number of units allotted on all the applicable
mutual fund transactions would be reduced to the extent of levy of stamp duty.
Kindly refer to FAQs on Stamp Duty, for details on the nature of transactions and the rate of levy of stamp duty available on our website.
104 August 2024

SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)
` 11.1387
VIKASH AGARWAL HDFC NIfty SDL Plus G-Sec Jun 2027 NAV as at August 30, 2024
40:60 Index Fund
` 11.4043 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC Nifty G-Sec Dec 2026 Index Fund NAV as at August 30, 2024 Returns Returns Benchmark Scheme Benchmark Additional
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) (%)# Returns (`) (`)# Benchmark
Returns Returns Benchmark Scheme Benchmark Additional (%) ## (`)##
(%) (%)# Returns (`) (`)# Benchmark Aug 31, 23 Last 1 Year 8.00 8.45 8.82 10,800 10,845 10,882
(%) ## (`)## Mar 23, 23 Since Inception 7.77 8.22 9.05 11,139 11,206 11,330
Aug 31, 23 Last 1 Year 7.79 8.16 8.82 10,779 10,816 10,882 # Nifty SDL Plus G-Sec Jun 2027 40:60 Index ## CRISIL 10 year Gilt Index. The scheme will be
Nov 10, 22 Since Inception 7.55 7.89 8.75 11,404 11,470 11,635 managed by Anupam Joshi from 31st August 2024.
# Nifty G-Sec Dec 2026 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
Anupam Joshi from 31st August 2024. ` 11.5701
HDFC FMP 1861D March 2022 (46) NAV as at August 30, 2024

HDFC Nifty G-Sec July 2031 Index Fund NAV as at August 30, 2024 Returns Returns Benchmark Scheme Benchmark Additional
Aug 31, 23 Last 1 Year 8.85 9.20 8.82 10,885 10,920 10,882 # NIFTY Medium to Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be
Nov 10, 22 Since Inception 8.60 8.98 8.75 11,607 11,680 11,635 managed by Anupam Joshi from 31st August 2024.
# Nifty G-Sec July 2031 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
Anupam Joshi from 31st August 2024.
HDFC FMP 1162D March 2022 (46) NAV as at August 30, 2024 ` 11.4474
HDFC Nifty G-Sec June 2027 Index Fund NAV as at August 30, 2024 ` 11.3418 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) (%)# Returns
Returns Returns Benchmark Scheme Benchmark Additional (%) ## (`) (`)# Benchmark
(%) (%)# Returns (`)##
(%) ## (`) (`)# Benchmark
(`)## Aug 31, 23 Last 1 Year 7.34 7.76 8.82 10,734 10,776 10,882
Aug 31, 23 Last 1 Year 7.98 8.15 8.82 10,798 10,815 10,882 Mar 15, 22 Since Inception 5.64 5.82 6.62 11,447 11,495 11,710
Dec 09, 22 Since Inception 7.57 7.82 8.62 11,342 11,388 11,534 # NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed
by Anupam Joshi from 31st August 2024.
# Nifty G-Sec Jun 2027 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
HDFC Nifty G-Sec Sep 2032 Index Fund NAV as at August 30, 2024 ` 11.5258 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Aug 31, 23 Last 1 Year 8.75 9.20 8.82 10,875 10,920 10,882 # NIFTY Medium to Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be
Dec 09, 22 Since Inception 8.58 9.00 8.62 11,526 11,604 11,534 managed by Anupam Joshi from 31st August 2024.
# Nifty G-Sec Sep 2032 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by Anupam
Joshi from 31st August 2024. HDFC FMP 1158D July 2022 (46) NAV as at August 30, 2024 ` 11.5211
Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC Nifty SDL Oct 2026 Index Fund NAV as at August 30, 2024 ` 11.2335 Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns (`) (`)# Benchmark
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) ## (`)##
Returns Returns Benchmark Scheme Benchmark Additional Aug 31, 23 Last 1 Year 7.35 7.76 8.82 10,735 10,776 10,882
(%) ## Jul 26, 22 Since Inception 6.98 7.28 8.45 11,521 11,589 11,857
(`)##
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed
Aug 31, 23 Last 1 Year 7.82 8.22 8.82 10,782 10,822 10,882 by Anupam Joshi from 31st August 2024.
# Nifty SDL Oct 2026 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by Anupam
Joshi from 31st August 2024. HDFC FMP 1406D August 2022 (46) NAV as at August 30, 2024 ` 11.4485
HDFC Nifty G-Sec Apr 2029 Index Fund NAV as at August 30, 2024 ` 11.3296 Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)## Aug 25, 22 Since Inception 6.94 7.09 8.22 11,449 11,481 11,727
Aug 31, 23 Last 1 Year 8.50 8.90 8.82 10,850 10,890 10,882 # NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed
# Nifty G-Sec Apr 2029 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by HDFC FMP 1359D September 2022 (46) NAV as at August 30, 2024 ` 11.4872
HDFC Nifty G-Sec Jun 2036 Index Fund NAV as at August 30, 2024 ` 11.5472 (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
(%) (%)# Returns (`) (`)# Benchmark Oct 11, 22 Since Inception 7.62 7.95 9.08 11,487 11,553 11,782
(%) ## (`)## # NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed
Aug 31, 23 Last 1 Year 9.67 9.90 8.82 10,967 10,990 10,882 by Anupam Joshi from 31st August 2024.
# Nifty G-Sec Jun 2036 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
Performance of close-ended schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended
schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.
Past performance may or may not be sustained in future and is not a guarantee of any future returns. Returns greater than 1 year period are compounded annualized (CAGR).
Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. N.A.: Not Available
For Riskometer of the Schemes and Benchmark's, refer page 118 to 124.
August 2024 105

HDFC FMP 1204D December 2022 (47) NAV as at August 30, 2024 ` 11.2387 HDFC INDEX FUND - NIFTY 50 PLAN NAV as at August 30, 2024 ` 237.6018
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Returns Returns Benchmark Scheme Benchmark Additional Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns (`) (`)# Benchmark (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)## (%) ## (`)##
Aug 31, 23 Last 1 Year 7.48 7.76 8.82 10,748 10,776 10,882 Aug 31, 23 Last 1 Year 32.02 32.64 28.63 13,202 13,264 12,863
Dec 27, 22 Since Inception 7.21 7.51 8.70 11,239 11,292 11,501 Aug 31, 21 Last 3 Years 14.64 15.17 14.15 15,065 15,274 14,875
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed Aug 30, 19 Last 5 Years 18.71 19.37 18.54 23,601 24,262 23,425
Aug 28, 14 Last 10 Years 13.04 13.59 13.35 34,124 35,825 35,063
HDFC FMP 1269D March 2023 (47) NAV as at August 30, 2024 ` 11.0791 Jul 17, 02 Since Inception 15.22 17.12 17.50 230,101 330,820 354,925
Date Period Scheme Benchmark Additional Value of ` 10,000 invested # NIFTY 50 (Total Returns Index) ## BSE SENSEX (Total Returns Index).
(%) (%)# Returns (`) (`)# Benchmark ` 17.9373
(%) ## HDFC NIFTY50 EQUAL WEIGHT INDEX NAV as at August 30, 2024
(`)##
Aug 31, 23 Last 1 Year 7.79 7.76 8.82 10,779 10,776 10,882 FUND
Mar 21, 23 Since Inception 7.34 7.97 9.09 11,079 11,173 11,340 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
# NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. The scheme will be managed Returns Returns Benchmark Scheme Benchmark Additional
by Anupam Joshi from 31st August 2024. (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
HDFC FMP 2638D February 2023 (47) NAV as at August 30, 2024 ` 11.4841 Aug 31, 23 Last 1 Year 43.09 44.42 32.64 14,309 14,442 13,264
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Aug 31, 21 Last 3 Years 19.78 21.07 15.17 17,185 17,746 15,274
Returns Returns Benchmark Scheme Benchmark Additional Aug 20, 21 Since Inception 21.27 22.60 16.56 17,937 18,540 15,908
(%) (%)# Returns (`) (`)# Benchmark #NIFTY50 Equal Weight (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme
(%) ## (`)## is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from
Aug 31, 23 Last 1 Year 9.05 9.50 8.82 10,905 10,950 10,882 February 15, 2023.
# NIFTY Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed by HDFC DEVELOPED WORLD INDEXES FUND NAV as at August 30, 2024 ` 13.794
Anupam Joshi from 31st August 2024. OF FUNDS
HDFC NIFTY 1D RATE LIQUID ETF NAV as at August 30, 2024 ` 1000.0000 Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns Aug 31, 23 Last 1 Year 24.02 26.23 32.64 12,402 12,623 13,264
(`) (`)# Benchmark
(%) ## (`)## Oct 06, 21 Since Inception 11.72 13.06 14.53 13,794 14,277 14,822
Aug 31, 23 Last 1 Year 5.84 6.83 8.82 10,584 10,683 10,882 #MSCI World Index (Net Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme
Aug 24, 23 Since Inception 5.89 6.83 8.86 10,600 10,697 10,904 is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from
February 01, 2022.
# NIFTY 1D Rate Index ## CRISIL 10 year Gilt Index. The scheme will be managed by Swapnil
Jangam from 31st August 2024.
HDFC NIFTY NEXT 50 INDEX FUND NAV as at August 30, 2024 ` 17.4496
CO-MANAGED BY Returns Returns Benchmark Scheme Benchmark Additional
(%) (%)# Returns
NIRMAN MORAKHIA & ARUN AGARWAL (%) ## (`) (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 68.97 70.65 32.64 16,897 17,065 13,264
HDFC Gold Fund NAV as at August 30, 2024 ` 22.0490 Nov 03, 21 Since Inception 21.79 23.13 14.48 17,450 17,998 14,651
Date Period Scheme Benchmark Value of ` 10,000 invested #NIFTY Next 50 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is co-managed
Returns Returns by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023.
(%) (%)# Scheme Benchmark
(`) (`)#
HDFC NIFTY 100 INDEX FUND NAV as at August 30, 2024 ` 15.2577
Aug 31, 23 Last 1 Year 20.30 21.13 12,030 12,113
Aug 31, 21 Last 3 Years 13.89 15.03 14,771 15,221 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Aug 30, 19 Last 5 Years 12.17 12.53 17,769 18,053 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
Aug 28, 14 Last 10 Years 8.59 9.96 22,815 25,888 (`)##
Nov 01, 11 Since Inception 6.35 7.87 22,049 26,442 Aug 31, 23 Last 1 Year 37.05 38.29 32.64 13,705 13,829 13,264
# Domestic Price of Physical Gold. The scheme is managed by Mr. Nirman Morakhia since February Feb 23, 22 Since Inception 18.27 19.52 18.29 15,258 15,668 15,265
15, 2023 and Mr. Arun Agarwal since February 15, 2023.
#NIFTY 100 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is co-managed
by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023.
HDFC Index Fund - BSE SENSEX Plan NAV as at August 30, 2024 ` 757.7116
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC NIFTY 100 EQUAL WEIGHT INDEX NAV as at August 30, 2024 ` 17.1919
Returns Returns Benchmark Scheme Benchmark Additional FUND
(%) ## (`)## Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Aug 31, 23 Last 1 Year 28.07 28.63 32.64 12,807 12,863 13,264 (%) (%)# Returns (`) (`)# Benchmark
Aug 31, 21 Last 3 Years 13.65 14.15 15.17 14,678 14,875 15,274 (%) ## (`)##
Aug 30, 19 Last 5 Years 17.91 18.54 19.37 22,811 23,425 24,262 Aug 31, 23 Last 1 Year 52.55 54.25 32.64 15,255 15,425 13,264
Aug 28, 14 Last 10 Years 12.84 13.35 13.59 33,517 35,063 35,825 Feb 23, 22 Since Inception 24.01 25.51 18.29 17,192 17,721 15,265
Jul 17, 02 Since Inception 15.34 17.50 17.12 235,600 354,925 330,820 #NIFTY100 Equal Weight (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme
# BSE SENSEX (Total Returns Index) ## NIFTY 50 (Total Returns Index). is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from
February 15, 2023.
106 August 2024

` 14.4417
HDFC Silver ETF Fund of Fund NAV as at August 30, 2024
ARUN AGARWAL & ABHISHEK MOR
Date Period Scheme Benchmark Value of ` 10,000 invested
Returns Returns Scheme Benchmark
(%) (%)# (`) (`)# HDFC NIFTY 50 ETF NAV as at August 30, 2024 ` 278.4364
Aug 31, 23 Last 1 Year 13.28 15.06 11,328 11,506 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Oct 28, 22 Since Inception 22.09 23.84 14,442 14,824 Returns Returns Benchmark Scheme Benchmark Additional
# Domestic Price of Physical Silver (based on LBMA Silver daily spot fixing price). The scheme is (%) ## (`)##
managed by Mr. Nirman Morakhia & Mr. Arun Agarwal since inception.
Aug 31, 23 Last 1 Year 32.50 32.64 28.63 13,250 13,264 12,863
HDFC Nifty Midcap 150 Index Fund NAV as at August 30, 2024 ` 18.5144 Aug 31, 21 Last 3 Years 15.09 15.17 14.15 15,245 15,274 14,875
Aug 30, 19 Last 5 Years 19.22 19.37 18.54 24,105 24,262 23,425
Returns Returns Benchmark Scheme Benchmark Additional Dec 09, 15 Since Inception 16.01 16.16 16.07 36,576 36,976 36,726
(%) (%)# Returns (`) (`)# Benchmark # Nifty 50 TRI ## BSE Sensex TRI. The scheme is managed by Abhishek Mor from February 15,
(%) ## (`)## 2023 and Mr. Arun Agarwal from August 24, 2020.
Aug 31, 23 Last 1 Year 48.22 50.08 32.64 14,822 15,008 13,264
HDFC BSE SENSEX ETF NAV as at August 30, 2024 ` 91.5537
Apr 21, 23 Since Inception 57.20 59.63 32.05 18,514 18,905 14,602
# Nifty Midcap 150 Index TRI ## Nifty 50 TRI. The scheme is managed by Mr. Nirman Morakhia Date Period Scheme Benchmark Additional Value of ` 10,000 invested
& Mr. Arun Agarwal since inception. Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)##
HDFC Nifty Smallcap 250 Index Fund NAV as at August 30, 2024 ` 19.6335
Aug 31, 23 Last 1 Year 28.50 28.63 32.64 12,850 12,863 13,264
Returns Returns Benchmark Scheme Benchmark Additional Aug 31, 21 Last 3 Years 14.10 14.15 15.17 14,853 14,875 15,274
(%) (%)# Returns (`) (`)# Benchmark Aug 30, 19 Last 5 Years 18.43 18.54 19.37 23,320 23,425 24,262
(%) ## (`)## Dec 09, 15 Since Inception 16.01 16.07 16.16 36,569 36,726 36,976
Aug 31, 23 Last 1 Year 51.15 53.26 32.64 15,115 15,326 13,264 # BSE Sensex TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15,
Apr 21, 23 Since Inception 64.13 66.97 32.05 19,634 20,097 14,602 2023 and Mr. Arun Agarwal from August 24, 2020.
# Nifty Smallcap 250 TRI ## Nifty 50 TRI. The scheme is managed by Mr. Nirman Morakhia &
Mr. Arun Agarwal since inception. HDFC NIFTY Bank ETF NAV as at August 30, 2024 ` 52.3809
HDFC BSE 500 Index Fund NAV as at August 30, 2024 ` 15.8430 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (`)##
(%) ## Aug 31, 21 Last 3 Years 12.83 13.08 15.17 14,363 14,460 15,274
(`)##
Aug 21, 20 Since Inception 23.61 23.90 23.36 23,479 23,704 23,292
Aug 31, 23 Last 1 Year 39.03 41.14 32.64 13,903 14,114 13,264
# Nifty Bank TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15,
Apr 21, 23 Since Inception 40.20 42.40 32.05 15,843 16,182 14,602 2023 and Mr. Arun Agarwal from August 24, 2020.
# BSE 500 Total Returns Index (TRI) ## Nifty 50 TRI. The scheme is managed by Mr. Nirman
Morakhia & Mr. Arun Agarwal since inception.
HDFC NIFTY 100 ETF NAV as at August 30, 2024 ` 26.7662
ANIL BAMBOLI Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)##
HDFC Charity Fund for Cancer Cure - 50% NAV as at August 30, 2024 ` 10.2848
IDCW Donation^ Aug 31, 23 Last 1 Year 37.81 38.29 32.64 13,781 13,829 13,264
Returns Returns Benchmark Scheme Benchmark Additional # Nifty 100 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15, 2023
(%) (%)# Returns and Mr. Arun Agarwal from August 05, 2022.
(%) ## (`) (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 6.37 7.76 8.82 10,637 10,776 10,882 HDFC NIFTY Next 50 ETF NAV as at August 30, 2024 ` 76.0004
# NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. ^Scheme offers IDCW option Returns Returns Benchmark Scheme Benchmark Additional
only. Returns of HDFC Charity Fund for Cancer Cure - 50% IDCW Donation - Regular Plan are (%) (%)# Returns
computed based on NAV of IDCW Option and all IDCWs (after statutory levy) are assumed to be (%) ## (`) (`)# Benchmark
reinvested in the units of the scheme at the then prevailing NAV (ex-distribution NAV). (`)##
Aug 31, 23 Last 1 Year 70.26 70.65 32.64 17,026 17,065 13,264
HDFC Charity Fund for Cancer Cure - 75% NAV as at August 30, 2024 ` 10.2848 Aug 05, 22 Since Inception 33.43 33.89 21.06 18,174 18,304 14,856
IDCW Donation^ # Nifty Next 50 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15,
2023 and Mr. Arun Agarwal from August 05, 2022.
(%) ## HDFC NIFTY50 VALUE 20 ETF NAV as at August 30, 2024
(`)##
Aug 31, 23 Last 1 Year 6.36 7.76 8.82 10,636 10,776 10,882 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Aug 14, 23 Since Inception 6.58 7.75 8.93 10,690 10,813 10,937 (%) (%)# Returns (`) (`)# Benchmark
# NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. ^Scheme offers IDCW option (%) ## (`)##
only. Returns of HDFC Charity Fund for Cancer Cure - 75% IDCW Donation - Regular Plan are Aug 31, 23 Last 1 Year 45.91 46.38 32.64 14,591 14,638 13,264
computed based on NAV of IDCW Option and all IDCWs (after statutory levy) are assumed to be
reinvested in the units of the scheme at the then prevailing NAV (ex-distribution NAV). Sep 23, 22 Since Inception 32.22 32.66 22.82 17,177 17,288 14,890
# Nifty50 Value 20 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February
15, 2023 and Mr. Arun Agarwal from September 23, 2022.
August 2024 107
` 62.0761
HDFC NIFTY100 Quality 30 ETF NAV as at August 30, 2024
ARUN AGARWAL, ABHISHEK MOR &
Returns Returns Benchmark Scheme Benchmark Additional NIRMAN MORAKHIA
(%) ## (`)## HDFC NIFTY Midcap 150 ETF NAV as at August 30, 2024 ` 22.0494
Aug 31, 23 Last 1 Year 42.60 42.91 32.64 14,260 14,291 13,264
Sep 23, 22 Since Inception 27.82 28.17 22.82 16,086 16,172 14,890 Returns Returns Benchmark Scheme Benchmark Additional
# Nifty100 Quality 30 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February (%) (%)# Returns (`) (`)# Benchmark
15, 2023 and Mr. Arun Agarwal from September 23, 2022. (%) ## (`)##
Aug 31, 23 Last 1 Year 49.69 50.08 32.64 14,969 15,008 13,264
HDFC NIFTY Growth Sectors 15 ETF NAV as at August 30, 2024 ` 129.9774 Feb 15, 23 Since Inception 51.84 52.28 26.08 19,023 19,109 14,287
# Nifty Midcap 150 Index TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from
Date Period Scheme Benchmark Additional Value of ` 10,000 invested February 15, 2023, Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February
Returns Returns Benchmark Scheme Benchmark Additional 15, 2023.
(%) ## (`)## HDFC NIFTY Smallcap 250 ETF NAV as at August 30, 2024 ` 182.6387
Aug 31, 23 Last 1 Year 33.46 34.03 32.64 13,346 13,403 13,264
Sep 23, 22 Since Inception 21.57 22.13 22.82 14,598 14,730 14,890 Returns Returns Benchmark Scheme Benchmark Additional
# Nifty Growth Sectors 15 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from (%) (%)# Returns (`) (`)# Benchmark
February 15, 2023 and Mr. Arun Agarwal from September 23, 2022. (%) ## (`)##
Aug 31, 23 Last 1 Year 52.70 53.26 32.64 15,270 15,326 13,264
HDFC NIFTY100 Low Volatility 30 ETF NAV as at August 30, 2024 ` 20.9192 Feb 15, 23 Since Inception 56.87 57.52 26.08 20,002 20,131 14,287
# Nifty Smallcap 250 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February
Date Period Scheme Benchmark Additional Value of ` 10,000 invested 15, 2023, Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023.
(%) ## (`)## HDFC BSE 500 ETF NAV as at August 30, 2024 ` 37.9650
Oct 11, 22 Since Inception 30.71 31.36 24.80 16,579 16,734 15,191 Returns Returns Benchmark Scheme Benchmark Additional
# Nifty100 Low Volatility 30 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from (%) ##
February 15, 2023 and Mr. Arun Agarwal from October 11, 2022. (`)##
Aug 31, 23 Last 1 Year 40.66 41.14 32.64 14,066 14,114 13,264
HDFC NIFTY IT ETF NAV as at August 30, 2024 ` 43.9535
# BSE 500 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15,
Date Period Scheme Benchmark Additional Value of ` 10,000 invested 2023, Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023.
(%) ##
Aug 31, 23 Last 1 Year 39.72 40.12 32.64 13,972 14,012
(`)##
13,264
BHAGYESH KAGALKAR
# Nifty IT TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February 15, 2023 HDFC Gold Exchange Traded Fund NAV as at August 30, 2024 ` 62.3636
and Mr. Arun Agarwal from November 16, 2022. Date Period Scheme Benchmark Value of ` 10,000 invested
Returns Returns Scheme Benchmark
(%) (%)# (`) (`)#
HDFC NIFTY Private Bank ETF NAV as at August 30, 2024 ` 26.0108
Aug 31, 23 Last 1 Year 20.02 21.13 12,002 12,113
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Aug 31, 21 Last 3 Years 14.05 15.03 14,836 15,221
(%) (%)# Returns Aug 30, 19 Last 5 Years 11.57 12.53 17,300 18,053
(%) ## (`) (`)# Benchmark
(`)## Aug 28, 14 Last 10 Years 8.90 9.96 23,489 25,888
Aug 31, 23 Last 1 Year 12.73 12.96 32.64 11,273 11,296 13,264 Aug 13, 10 Since Inception 9.24 10.13 34,640 38,804
Nov 16, 22 Since Inception 10.73 10.99 20.67 12,000 12,051 13,994 # Domestic Price of Physical Gold. The scheme is managed by Bhagyesh Kagalkar since inception.
# Nifty Private Bank TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from February
15, 2023 and Mr. Arun Agarwal from November 16, 2022.
HDFC Silver ETF NAV as at August 30, 2024 ` 83.1108
HDFC NIFTY200 Momentum 30 ETF NAV as at August 30, 2024 ` 37.3288 Date Period Scheme Benchmark Value of ` 10,000 invested
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Returns Returns Scheme Benchmark
Returns Returns Benchmark Scheme Benchmark Additional (%) (%)# (`) (`)#
(%) (%)# Returns (`) (`)# Benchmark Aug 31, 23 Last 1 Year 14.17 15.06 11,417 11,506
(%) ## (`)## Sep 02, 22 Since Inception 25.88 28.03 15,825 16,369
Aug 31, 23 Last 1 Year 67.91 68.91 32.64 16,791 16,891 13,264 # Domestic Prices of physical Silver (based on LBMA Silver daily spot fixing price). The scheme is
Oct 11, 22 Since Inception 42.77 43.69 24.80 19,584 19,823 15,191 managed by Bhagyesh Kagalkar since inception.
# Nifty200 Momentum 30 TRI ## Nifty 50 TRI. The scheme is managed by Abhishek Mor from
February 15, 2023 and Mr. Arun Agarwal from October 11, 2022.
108 August 2024

SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)
RAHUL BAIJAL CHIRAG SETALVAD

HDFC TOP 100 FUND NAV as at August 30, 2024 ` 1264.332 HDFC MID-CAP OPPORTUNITIES FUND NAV as at August 30, 2024 ` 207.472
(%) (%)# Returns (`) (`)# Benchmark (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)## (%) ## (`)##
Aug 31, 21 Last 3 Years 21.84 16.10 14.15 18,085 15,650 14,875 Aug 31, 21 Last 3 Years 30.16 27.88 15.17 22,049 20,915 15,274
Jan 01, 13 Since Inception 15.77 15.08 14.61 55,225 51,508 49,112 Jan 01, 13 Since Inception 22.85 20.90 14.58 110,363 91,537 48,964
# NIFTY 100 (Total Returns Index) ## BSE SENSEX (Total Returns Index). The scheme is managed # NIFTY Midcap 150 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is
by Mr. Rahul Baijal since July 29, 2022. managed by Mr. Chirag Setalvad since inception.
` 15.350 HDFC SMALL CAP FUND NAV as at August 30, 2024 ` 160.225
HDFC Business Cycle Fund NAV as at August 30, 2024
(%) (%)# Returns (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`) (`)# Benchmark (%) ## (`)##
(`)##
Nov 30, 22 Since Inception 27.73 26.72 19.87 15,350 15,138 13,734 Aug 31, 21 Last 3 Years 28.10 27.76 15.17 21,021 20,852 15,274
# Nifty 500 TRI ## Nifty 50 TRI. The scheme is managed by Mr. Rahul Baijal since inception. Aug 30, 19 Last 5 Years 31.74 32.67 19.37 39,743 41,168 24,262
Aug 28, 14 Last 10 Years 21.66 17.04 13.59 71,246 48,326 35,825
Jan 01, 13 Since Inception 21.89 16.82 14.58 100,713 61,332 48,964
HDFC MNC Fund NAV as at August 30, 2024 ` 15.078
# BSE 250 SmallCap Index (TRI) ## NIFTY 50 (Total Returns Index). The scheme is managed by
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Mr. Chirag Setalvad since inception.
(%) ## (`)## CO-MANAGED BY CHIRAG SETALVAD & ANIL BAMBOLI
Aug 31, 23 Last 1 Year 29.87 42.61 32.64 12,987 14,261 13,264
Mar 09, 23 Since Inception 31.99 39.60 29.35 15,078 16,382 14,633 HDFC CHILDREN’S GIFT FUND NAV as at August 30, 2024 ` 322.443
# Nifty MNC TRI ## Nifty 50 TRI. The scheme is managed by Mr. Rahul Baijal since inception. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
CO-MANAGED BY GOPAL AGRAWAL, (%) ## (`)##
Aug 31, 23 Last 1 Year 29.48 23.72 32.64 12,948 12,372 13,264
SRINIVASAN RAMAMURTHY, ARUN AGARWAL, Aug 31, 21 Last 3 Years 18.41 11.98 15.17 16,604 14,042 15,274
NIRMAN MORAKHIA & ANIL BAMBOLI Aug 30, 19
Aug 28, 14
Last 5 Years
Last 10 Years
21.13
15.68
15.42
11.98
19.37
13.59
26,110
42,992
20,496
31,063
24,262
35,825
HDFC BALANCED ADVANTAGE FUND NAV as at August 30, 2024 ` 551.388 # NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme performance
Date Period Scheme Benchmark Additional Value of ` 10,000 invested may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the
Returns Returns Benchmark Scheme Benchmark Additional scheme where a portion of scheme’s investments are made in debt instruments.
(%) ## (`)## SHOBHIT MEHROTRA
Aug 31, 23 Last 1 Year 39.24 20.03 32.64 13,924 12,003 13,264
HDFC INCOME FUND NAV as at August 30, 2024 ` 60.1460
Aug 31, 21 Last 3 Years 25.34 10.59 15.17 19,691 13,525 15,274
Aug 30, 19 Last 5 Years 22.94 13.57 19.37 28,117 18,906 24,262 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Aug 28, 14 Last 10 Years 15.63 11.17 13.59 42,808 28,883 35,825 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
Jan 01, 13 Since Inception 16.91 11.54 14.58 61,895 35,753 48,964 (`)##
# NIFTY 50 Hybrid Composite Debt 50:50 Index ## NIFTY 50 (Total Returns Index). Scheme Aug 31, 23 Last 1 Year 8.84 8.28 8.82 10,884 10,828 10,882
performance may not strictly be comparable with that of its Additional Benchmark in view of Aug 31, 21 Last 3 Years 5.95 5.52 5.05 11,893 11,747 11,592
balanced nature of the scheme where a portion of scheme’s investments are made in debt
instruments. Refer to note on performance disclosure on Page no. 45-48. Aug 30, 19 Last 5 Years 6.33 6.80 5.28 13,595 13,902 12,939
Aug 28, 14 Last 10 Years 7.49 8.17 7.11 20,613 21,945 19,899
CO-MANAGED BY # CRISIL Medium To Long Duration Debt A-III Index ## CRISIL 10 year Gilt Index.
CHIRAG SETALVAD & ANUPAM JOSHI HDFC MEDIUM TERM DEBT FUND NAV as at August 30, 2024 ` 56.8360

HDFC HYBRID EQUITY FUND NAV as at August 30, 2024 Returns Returns Benchmark Scheme Benchmark Additional
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) ##
Returns Returns Benchmark Scheme Benchmark Additional (`)##
(%) ## (`)## Aug 31, 21 Last 3 Years 6.26 5.17 5.05 11,999 11,634 11,592
Aug 31, 23 Last 1 Year 24.90 23.72 32.64 12,490 12,372 13,264 Aug 30, 19 Last 5 Years 7.35 6.87 5.28 14,263 13,949 12,939
Aug 30, 19 Last 5 Years 18.22 15.42 19.37 23,115 20,496 24,262 Jan 01, 13 Since Inception 8.19 7.77 6.52 25,061 23,936 20,897
Aug 28, 14 Last 10 Years 14.40 11.98 13.59 38,474 31,063 35,825 # Nifty Medium Duration Debt Index A-III ## CRISIL 10 year Gilt Index.
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme
performance may not strictly be comparable with that of its Additional Benchmark in view of
balanced nature of the scheme where a portion of scheme’s investments are made in debt
instruments. Refer to note on performance disclosure on Page no. 49-50.
expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. N.A.: Not Available.
August 2024 109
HDFC CREDIT RISK DEBT FUND NAV as at August 30, 2024 ` 24.2201 HDFC GILT FUND NAV as at August 30, 2024 ` 54.5109
(%) (%)# Returns (`) (`)# Benchmark (%) (%)# Returns
(%) ## (%) ## (`) (`)# Benchmark
(`)## (`)##
Aug 30, 19 Last 5 Years 7.99 8.05 5.28 14,692 14,731 12,939
Aug 30, 19 Last 5 Years 6.31 6.65 5.28 13,583 13,801 12,939
Aug 28, 14 Last 10 Years 8.72 8.47 7.11 23,104 22,564 19,899
Aug 28, 14 Last 10 Years 8.05 8.00 7.11 21,710 21,618 19,899
# Nifty Credit Risk Bond Index B-II ## CRISIL 10 year Gilt Index. Refer to note on performance Jan 01, 13 Since Inception 7.68 7.46 6.52 23,722 23,160 20,897
disclosure on Page no. 95-96. # Nifty All Duration G-Sec Index ## CRISIL 10 year Gilt Index.
HDFC Long Duration Debt Fund NAV as at August 30, 2024 ` 11.6925 HDFC BANKING AND PSU DEBT FUND NAV as at August 30, 2024 ` 22.3201
(%) (%)# Returns (`) (`)# Benchmark (%) (%)# Returns
(%) ## (`)## (%) ## (`) (`)# Benchmark
(`)##
Aug 31, 23 Last 1 Year 11.15 9.94 8.82 11,115 10,994 10,882
Aug 31, 23 Last 1 Year 7.91 7.46 8.82 10,791 10,746 10,882
# Nifty Long Duration Debt Index - A-III ## CRISIL 10 year Gilt Index. The scheme is managed by Aug 31, 21 Last 3 Years 5.97 5.17 5.05 11,902 11,631 11,592
Mr. Shobhit Mehrotra since inception. Aug 30, 19 Last 5 Years 6.97 6.24 5.28 14,014 13,539 12,939
Aug 28, 14 Last 10 Years 7.94 7.27 7.11 21,485 20,184 19,899
ANUPAM JOSHI Mar 26, 14 Since Inception 8.00 7.38 7.19 22,320 21,032 20,642
# Nifty Banking & PSU Debt Index A-II ## CRISIL 10 year Gilt Index.
HDFC CORPORATE BOND FUND NAV as at August 30, 2024 ` 30.9637
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC OVERNIGHT FUND NAV as at August 31, 2024 ` 3650.0683
(%) (%)# Returns (`) (`)# Benchmark Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## (`)## Returns Returns Benchmark Scheme Benchmark Additional
Aug 31, 23 Last 1 Year 8.22 7.38 8.82 10,822 10,738 10,882 (%) ## (`)##
Aug 31, 21 Last 3 Years 6.10 5.37 5.05 11,943 11,701 11,592
Aug 30, 19 Last 5 Years 7.09 6.42 5.28 14,092 13,654 12,939 Aug 24, 24 Last 7 days 6.36 6.48 6.29 10,012 10,012 10,012
Aug 28, 14 Last 10 Years 8.03 7.38 7.11 21,669 20,396 19,899 Aug 16, 24 Last 15 days 6.33 6.42 6.51 10,026 10,026 10,027
Jan 01, 13 Since Inception 8.12 7.56 6.52 24,870 23,411 20,897 Jul 31, 24 Last 1 Month 6.32 6.38 7.23 10,054 10,054 10,061
# Nifty Corporate Bond Index A-II ## CRISIL 10 year Gilt Index. Refer to note on performance Aug 31, 23 Last 1 Year 6.74 6.83 7.50 10,676 10,685 10,752
disclosure on Page no. 91-92. Aug 31, 21 Last 3 Years 5.61 5.72 5.67 11,781 11,816 11,803
Aug 30, 19 Last 5 Years 4.78 4.87 5.54 12,634 12,692 13,101
CO-MANAGED BY ANUPAM JOSHI & PRAVEEN JAIN Aug 31, 14 Last 10 Years 5.65 5.73 6.43 17,331 17,464 18,658
HDFC LOW DURATION FUND NAV as at August 30, 2024 ` 58.5732 Returns less than 1 year period are simple annualized. # CRISIL Liquid Overnight Index ## CRISIL
1 year T-Bill Index.
(%) (%)# Returns (`) (`)# Benchmark HDFC Charity Fund for Cancer Cure - 50% NAV as at August 30, 2024 ` 10.2847
(%) ## (`)## IDCW Donation^
Aug 31, 23 Last 1 Year 7.80 7.41 7.50 10,780 10,741 10,750
Aug 31, 21 Last 3 Years 6.34 5.83 5.67 12,026 11,854 11,801 Returns Returns Benchmark Scheme Benchmark Additional
Aug 30, 19 Last 5 Years 6.68 5.72 5.54 13,821 13,211 13,099 (%) (%)# Returns (`) (`)# Benchmark
Aug 28, 14 Last 10 Years 7.48 6.86 6.42 20,588 19,427 18,654 (%) ## (`)##
Jan 01, 13 Since Inception 7.70 7.15 6.48 23,759 22,376 20,803 Aug 31, 23 Last 1 Year 6.37 7.76 8.82 10,637 10,776 10,882
# Nifty Low Duration Debt Index A-I ## CRISIL 1 year T-Bill Index. Aug 14, 23 Since Inception 6.58 7.75 8.93 10,690 10,813 10,937
# NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. ^Scheme offers IDCW option
only. Returns of HDFC Charity Fund for Cancer Cure - 50% IDCW Donation - Direct Plan are computed
ANIL BAMBOLI based on NAV of IDCW Option and all IDCWs (after statutory levy) are assumed to be reinvested in
the units of the scheme at the then prevailing NAV (ex-distribution NAV).
HDFC DYNAMIC DEBT FUND NAV as at August 30, 2024 ` 92.7332
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC Charity Fund for Cancer Cure - 75% NAV as at August 30, 2024 ` 10.2847
Returns Returns Benchmark Scheme Benchmark Additional IDCW Donation^
Aug 31, 23 Last 1 Year 9.26 8.17 8.82 10,926 10,817 10,882 Returns Returns Benchmark Scheme Benchmark Additional
Aug 31, 21 Last 3 Years 6.14 5.53 5.05 11,956 11,752 11,592 (%) ## (`)##
Aug 30, 19 Last 5 Years 7.64 6.68 5.28 14,456 13,819 12,939
Aug 31, 23 Last 1 Year 6.36 7.76 8.82 10,636 10,776 10,882
Aug 28, 14 Last 10 Years 7.77 7.82 7.11 21,154 21,254 19,899
Jan 01, 13 Since Inception 7.83 7.65 6.52 24,104 23,646 20,897 Aug 14, 23 Since Inception 6.58 7.75 8.93 10,690 10,813 10,937
#Nifty Composite Debt Index A-III ## CRISIL 10 year Gilt Index. # NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. ^Scheme offers IDCW option
only. Returns of HDFC Charity Fund for Cancer Cure - 75% IDCW Donation - Direct Plan are computed
based on NAV of IDCW Option and all IDCWs (after statutory levy) are assumed to be reinvested in
HDFC SHORT TERM DEBT FUND NAV as at August 30, 2024 ` 30.7467 the units of the scheme at the then prevailing NAV (ex-distribution NAV).
(%) ## (`)##
Aug 31, 23 Last 1 Year 8.16 7.68 8.82 10,816 10,768 10,882
Aug 31, 21 Last 3 Years 6.19 5.64 5.05 11,974 11,788 11,592
Aug 30, 19 Last 5 Years 7.19 6.37 5.28 14,158 13,620 12,939
Aug 28, 14 Last 10 Years 7.88 7.40 7.11 21,378 20,445 19,899
# CRISIL Short Duration Debt A-II Index ## CRISIL 10 year Gilt Index.
110 August 2024
` 27.750
ANIL BAMBOLI & VIKASH AGARWAL HDFC DIVIDEND YIELD FUND NAV as at August 30, 2024
` 14.5308 Returns Returns Benchmark Scheme Benchmark Additional
HDFC ULTRA SHORT TERM FUND NAV as at August 30, 2024 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
(%) ## (`)## Aug 31, 21 Last 3 Years 26.85 18.95 15.17 20,413 16,829 15,274
Aug 31, 23 Last 1 Year 7.57 7.59 7.50 10,757 10,759 10,750 Dec 18, 20 Since Inception 31.75 23.35 19.26 27,750 21,744 19,192
Aug 31, 21 Last 3 Years 6.14 6.25 5.67 11,959 11,993 11,801 # NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed
Aug 30, 19 Last 5 Years 6.01 5.88 5.54 13,395 13,311 13,099 by Mr. Gopal Agrawal since December 18, 2020.
Sep 25, 18 Since Inception 6.50 6.32 6.03 14,531 14,386 14,158
# CRISIL Ultra Short Duration Debt A-I Index ## CRISIL 1 year T-Bill Index. The scheme is managed HDFC MULTI CAP FUND NAV as at August 30, 2024 ` 20.399
by Mr. Anil Bamboli from September 25, 2018 & The scheme will be managed by Praveen Jain
from 31st August 2024. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
ANUPAM JOSHI & SWAPNIL JANGAM (%) ## (`)##
Aug 31, 23 Last 1 Year 46.74 44.95 32.64 14,674 14,495 13,264
HDFC LIQUID FUND NAV as at August 31, 2024 ` 4886.9239 Dec 10, 21 Since Inception 29.92 21.71 15.80 20,399 17,073 14,909
Date Period Scheme Benchmark Additional Value of ` 10,000 invested #NIFTY500 MULTICAP 50:25:25 (Total Returns Index) ## NIFTY 50 (Total Returns Index).
(%) ## (`)## ROSHI JAIN
Aug 24, 24 Last 7 days 6.69 6.80 6.29 10,013 10,013 10,012
Aug 16, 24 Last 15 days 6.79 6.88 6.51 10,028 10,028 10,027 HDFC FLEXI CAP FUND NAV as at August 30, 2024 ` 2059.756
Jul 31, 24 Last 1 Month 6.84 6.86 7.23 10,058 10,058 10,061
Aug 31, 19 Last 5 Years 5.24 5.31 5.54 12,914 12,955 13,099 (%) ## (`)##
Returns less than 1 year period are simple annualized. # CRISIL Liquid Debt A-I Index ## CRISIL
1 year T-Bill Index. Aug 30, 19 Last 5 Years 25.70 22.70 19.37 31,425 27,845 24,262
Aug 28, 14 Last 10 Years 16.60 15.32 13.59 46,559 41,684 35,825
SRINIVASAN RAMAMURTHY # NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed by
Ms. Roshi Jain from July 29, 2022.
HDFC INFRASTRUCTURE FUND NAV as at August 30, 2024 ` 54.284
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC FOCUSED 30 FUND NAV as at August 30, 2024 ` 244.773
(%) (%)# Returns Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(`) (`)# Benchmark Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)## (%) (%)# Returns (`) (`)# Benchmark
Aug 31, 23 Last 1 Year 59.90 108.64 32.64 15,990 20,864 13,264 (%) ## (`)##
Aug 31, 21 Last 3 Years 38.24 46.12 15.17 26,419 31,200 15,274
Aug 31, 23 Last 1 Year 45.44 41.58 28.63 14,544 14,158 12,863
Aug 30, 19 Last 5 Years 29.13 37.03 19.37 35,954 48,402 24,262
Jan 01, 13 Since Inception 14.53 18.96 14.58 48,676 75,852 48,964 Aug 30, 19 Last 5 Years 26.65 22.70 18.54 32,626 27,845 23,425
# BSE India Infrastructure Index (TRI) ## NIFTY 50 (Total Returns Index). Aug 28, 14 Last 10 Years 15.69 15.32 13.35 43,051 41,684 35,063
HDFC HOUSING OPPORTUNITIES FUND € NAV as at August 30, 2024 ` 25.806 # NIFTY 500 (Total Returns Index) ## BSE SENSEX (Total Returns Index). The scheme is managed
by Ms. Roshi Jain from January 13, 2022.
(%) (%)# Returns (`) (`)# Benchmark HDFC ELSS Tax saver NAV as at August 30, 2024 ` 1481.757
(%) ## (`)##
Aug 30, 19 Last 5 Years 23.46 22.68 19.37 28,715 27,820 24,262 (%) ## (`)##
Dec 06, 17 Since Inception 15.11 16.29 16.08 25,806 27,645 27,310 Aug 31, 23 Last 1 Year 48.81 41.58 32.64 14,881 14,158 13,264
# NIFTY Housing (Total Returns Index) ## NIFTY 50 (Total Returns Index) € HDFC Housing Aug 31, 21 Last 3 Years 25.99 18.95 15.17 19,998 16,829 15,274
opportunities Fund was launched as a close ended thematic Equity Scheme. The Scheme has
been converted into open-ended scheme on January 19, 2021. Aug 30, 19 Last 5 Years 24.44 22.70 19.37 29,875 27,845 24,262
Aug 28, 14 Last 10 Years 14.79 15.32 13.59 39,809 41,684 35,825
GOPAL AGRAWAL Jan 01, 13 Since Inception 16.62 16.01 14.58 60,133 56,562 48,964
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed
by Ms. Roshi Jain from January 13, 2022.
HDFC LARGE AND MID CAP FUND NAV as at August 30, 2024 ` 362.293
(ERSTWHILE HDFC GROWTH
OPPORTUNITIES FUND)
(%) ## (`)##
Aug 31, 23 Last 1 Year 46.15 44.18 28.63 14,615 14,418 12,863
Aug 31, 21 Last 3 Years 26.67 21.99 14.15 20,322 18,152 14,875
Aug 30, 19 Last 5 Years 27.63 25.93 18.54 33,913 31,709 23,425
Aug 28, 14 Last 10 Years 15.53 17.54 13.35 42,457 50,457 35,063
# NIFTY Large Midcap 250 (Total Returns Index) ## BSE SENSEX (Total Returns Index). The Scheme,
formerly a large cap fund, has undergone change in Fundamental attributes and become a Large and
Mid-cap Fund. Accordingly, the Scheme’s benchmark has also changed. Hence, the past performance
of the Scheme may not strictly be comparable with that of the new benchmark.
August 2024 111
` 23.3341
CO-MANAGED BY ARUN AGARWAL, HDFC RETIREMENT NAV as at August 30, 2024
SAVINGS FUND - HYBRID DEBT PLAN
NIRMAN MORAKHIA & ANIL BAMBOLI Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC ARBITRAGE FUND - WHOLESALE NAV as at August 30, 2024 ` 18.986 (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
PLAN
Aug 31, 23 Last 1 Year 15.19 11.69 8.82 11,519 11,169 10,882
(%) (%)# Returns (`) (`)# Benchmark Aug 30, 19 Last 5 Years 10.75 8.97 5.28 16,673 15,371 12,939
(%) ## (`)## Feb 26, 16 Since Inception 10.46 9.40 6.56 23,334 21,496 17,177
Aug 31, 23 Last 1 Year 8.24 7.66 7.50 10,824 10,766 10,750 # NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 Year Gilt Index.
Aug 31, 21 Last 3 Years 6.38 6.01 5.67 12,040 11,913 11,801
Aug 30, 19 Last 5 Years 5.68 5.03 5.54 13,187 12,782 13,099 HDFC HYBRID DEBT FUND NAV as at August 30, 2024 ` 83.8509
Apr 07, 14 Since Inception 6.36 5.73 6.50 18,986 17,864 19,261 Returns Returns Benchmark Scheme Benchmark Additional
# NIFTY 50 Arbitrage Index ## CRISIL 1 year T-Bill Index. Scheme performance is not strictly (%) (%)# Returns (`) (`)# Benchmark
comparable with that of its Additional Benchmark since the scheme does not take directional (%) ## (`)##
call in equity markets but is limited to availing arbitrage opportunities, etc. Aug 31, 23 Last 1 Year 17.47 11.69 8.82 11,747 11,169 10,882
Aug 31, 21 Last 3 Years 11.47 7.28 5.05 13,852 12,346 11,592
Aug 30, 19 Last 5 Years 12.07 8.97 5.28 17,693 15,371 12,939
ANAND LADDHA Aug 28, 14 Last 10 Years 10.04 9.02 7.11 26,063 23,748 19,899
HDFC BANKING & FINANICIAL SERVICES NAV as at August 30, 2024 ` 16.578
# NIFTY 50 Hybrid Composite Debt 15:85 Index ## CRISIL 10 year Gilt Index. Refer to note on
FUND performance disclosure on Page no. 58-59.
Returns
(%)
Returns Benchmark Scheme Benchmark Additional
(%)# Returns (`) (`)# Benchmark
CO-MANAGED BY SRINIVASAN RAMAMURTHY,
(%) ## (`)## ANIL BAMBOLI, BHAGYESH KAGALKAR, ARUN AGARWAL
Aug 31, 23 Last 1 Year 26.88 21.83 32.64 12,688 12,183 13,264 & NIRMAN MORAKHIA
Aug 31, 21 Last 3 Years 16.04 10.40 15.17 15,623 13,454 15,274
Jul 01, 21 Since Inception 17.30 13.32 17.64 16,578 14,861 16,727 HDFC MULTI-ASSET FUND NAV as at August 30, 2024 ` 75.0240
#NIFTY Financial Services (Total Returns Index) ## NIFTY 50 (Total Returns Index). However, such
returns may not be representative. The scheme is managed by Mr. Anand Laddha from July 1, 2021. Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC CAPITAL BUILDER VALUE FUND NAV as at August 30, 2024 ` 829.051 (%) ## (`)##
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Aug 31, 23 Last 1 Year 26.88 25.26 32.64 12,688 12,526 13,264
(%) ## Aug 30, 19 Last 5 Years 18.24 16.01 19.37 23,136 21,032 24,262
(`)##
Aug 28, 14 Last 10 Years 12.21 12.24 13.59 31,699 31,777 35,825
Aug 31, 23 Last 1 Year 50.08 41.58 32.64 15,008 14,158 13,264
Aug 31, 21 Last 3 Years 22.58 18.95 15.17 18,417 16,829 15,274
# 65% NIFTY 50 TRI + 25% NIFTY Composite Debt Index + 10% Domestic Prices of Gold arrived at
Aug 30, 19 Last 5 Years 24.13 22.70 19.37 29,499 27,845 24,262 based on London Bullion Market Association's (LBMA) AM fixing price ## NIFTY 50 (Total Returns
Aug 28, 14 Last 10 Years 16.58 15.32 13.59 46,451 41,684 35,825 Index). The Scheme formerly, a debt oriented hybrid fund, has undergone change in Fundamental
attributes and become a multi asset fund investing in equities, debt and gold related instruments.
Jan 01, 13 Since Inception 18.21 16.01 14.58 70,423 56,562 48,964 Accordingly, the Scheme’s benchmark and additional benchmarks have also changed. Hence, the
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is managed past performance of the Scheme since inception till May 22, 2018 may not strictly be comparable
by Mr. Anand Laddha from February 1, 2024. with those of the new benchmark and the additional benchmark. Scheme performance may
not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the
scheme where a portion of scheme’s investments are made in debt instruments and gold related
instruments. The scheme will be co-managed by Mr. Srinivasan Ramamurthy (Equity Assets) from
CO-MANAGED BY January 13, 2022; Mr. Anil Bamboli (Debt Assets) from August 17, 2005; Mr. Bhagyesh Kagalkar
(Gold) from February 02, 2022; and Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun
SRINIVASAN RAMAMURTHY & SHOBHIT MEHROTRA Agarwal (Arbitrage Assets) from August 24, 2020.
HDFC RETIREMENT NAV as at August 30, 2024 ` 57.781

SAVINGS FUND - EQUITY PLAN CO-MANAGED BY SRINIVASAN RAMAMURTHY, ANIL
Date Period Scheme Benchmark Additional Value of ` 10,000 invested BAMBOLI, ARUN AGARWAL & NIRMAN MORAKHIA
(%) ## HDFC EQUITY SAVINGS FUND NAV as at August 30, 2024
(`)##
Aug 30, 19 Last 5 Years 27.82 22.70 19.37 34,160 27,845 24,262 (%) ## (`)##
Feb 25, 16 Since Inception 22.87 19.33 17.80 57,781 45,047 40,358 Aug 31, 23 Last 1 Year 19.52 16.28 8.82 11,952 11,628 10,882
# NIFTY 500 (Total Returns Index) ## NIFTY 50 (Total Returns Index). Aug 31, 21 Last 3 Years 11.88 9.27 5.05 14,002 13,046 11,592
Aug 30, 19 Last 5 Years 13.02 10.96 5.28 18,455 16,831 12,939
HDFC RETIREMENT NAV as at August 30, 2024 ` 43.456 Aug 28, 14 Last 10 Years 10.88 9.32 7.11 28,119 24,412 19,899
SAVINGS FUND - HYBRID EQUITY PLAN Jan 01, 13 Since Inception 10.99 9.85 6.52 33,752 29,924 20,897
Date Period Scheme Benchmark Additional Value of ` 10,000 invested # NIFTY Equity Savings Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be
Returns Returns Benchmark Scheme Benchmark Additional comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made
(%) (%)# Returns (`) (`)# Benchmark in equity instruments.
(%) ## (`)##
Aug 31, 23 Last 1 Year 29.07 23.72 32.64 12,907 12,372 13,264
Aug 31, 21 Last 3 Years 17.55 11.98 15.17 16,245 14,042 15,274
Aug 30, 19 Last 5 Years 20.65 15.42 19.37 25,589 20,496 24,262
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index).
Past performance may or may not be sustained in future and is not a guarantee of any future returns. Returns greater than 1 year period are compounded annualized
(CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of
the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. N.A.: Not Available
112 August 2024

` 11.3714
CO-MANAGED BY HDFC Nifty G-Sec June 2027 Index Fund NAV as at August 30, 2024
ANIL BAMBOLI & SRINIVASAN RAMAMURTHY Date Period Scheme Benchmark Additional
Returns
Value of ` 10,000 invested
` 43.391 (%) ## (`)##
HDFC Dynamic PE Ratio Fund of Funds NAV as at August 30, 2024
Aug 31, 23 Last 1 Year 8.13 8.15 8.82 10,813 10,815 10,882
Returns Returns Benchmark Scheme Benchmark Additional Dec 09, 22 Since Inception 7.73 7.82 8.62 11,371 11,388 11,534
(%) (%)# Returns (`) (`)# Benchmark # Nifty G-Sec Jun 2027 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
(%) ## (`)## Anupam Joshi from 31st August 2024.
Aug 31, 23 Last 1 Year 23.18 23.72 32.64 12,318 12,372 13,264
Aug 31, 21 Last 3 Years 16.36 11.98 15.17 15,753 14,042 15,274 HDFC Nifty G-Sec Sep 2032 Index Fund NAV as at August 30, 2024 ` 11.5600
Aug 28, 14 Last 10 Years 13.19 11.98 13.59 34,577 31,063 35,825 Returns Returns Benchmark Scheme Benchmark Additional
Jan 01, 13 Since Inception 12.59 12.53 14.58 39,879 39,638 48,964 (%) ## (`)##
# NIFTY 50 Hybrid Composite Debt 65:35 Index ## NIFTY 50 (Total Returns Index). Scheme
performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid Aug 31, 23 Last 1 Year 8.94 9.20 8.82 10,894 10,920 10,882
nature of the scheme where a portion of scheme’s investments are made in equity instruments. Dec 09, 22 Since Inception 8.76 9.00 8.62 11,560 11,604 11,534
The scheme is co-managed by Mr. Srinivasan Ramamurthy (Equity Assets) January 13, 2022 and
Mr. Anil Bamboli (Debt Assets) from June 28, 2014. # Nifty G-Sec Sep 2032 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by Anupam
Joshi from 31st August 2024.
CO-MANAGED BY HDFC Nifty SDL Oct 2026 Index Fund NAV as at August 30, 2024 ` 11.2610
SHOBHIT MEHROTRA & VIKASH AGARWAL Date Period Scheme Benchmark Additional Value of ` 10,000 invested
HDFC FLOATING RATE DEBT FUND NAV as at August 30, 2024 ` 47.5611 (%) ## (`)##
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Aug 31, 23 Last 1 Year 7.97 8.22 8.82 10,797 10,822 10,882
(%) (%)# Returns Feb 24, 23 Since Inception 8.15 8.32 9.37 11,261 11,288 11,453
(%) ## (`) (`)# Benchmark
(`)## # Nifty SDL Oct 2026 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by Anupam
Joshi from 31st August 2024.
Aug 31, 23 Last 1 Year 8.29 7.68 8.82 10,829 10,768 10,882
Aug 31, 21 Last 3 Years 6.53 5.64 5.05 12,091 11,788 11,592
HDFC Nifty G-Sec Apr 2029 Index Fund NAV as at August 30, 2024 ` 11.3572
Aug 30, 19 Last 5 Years 7.00 6.37 5.28 14,029 13,620 12,939
Jan 01, 13 Since Inception 7.88 7.62 6.52 24,229 23,560 20,897 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
# CRISIL Short Duration Debt A-II Index ## CRISIL 10 year Gilt Index. The Scheme is co-managed (`)##
by Shobhit Mehrotra from July 01, 2020
Aug 31, 23 Last 1 Year 8.68 8.90 8.82 10,868 10,890 10,882
VIKASH AGARWAL # Nifty G-Sec Apr 2029 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
HDFC MONEY MARKET FUND NAV as at August 30, 2024 ` 5464.4471
Date Period Scheme Benchmark Additional Value of ` 10,000 invested HDFC Nifty G-Sec Jun 2036 Index Fund NAV as at August 30, 2024 ` 11.5804
(%) (%)# Returns Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) ## (`) (`)# Benchmark Returns Returns Benchmark Scheme Benchmark Additional
(`)## (%) (%)# Returns
(%) ## (`) (`)# Benchmark
Aug 31, 23 Last 1 Year 7.64 7.48 7.50 10,764 10,748 10,750 (`)##
Aug 30, 19 Last 5 Years 6.10 5.67 5.54 13,448 13,178 13,099 Mar 15, 23 Since Inception 10.55 10.18 9.11 11,580 11,524 11,361
Aug 28, 14 Last 10 Years 6.99 6.70 6.42 19,669 19,150 18,654 # Nifty G-Sec Jun 2036 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by
Dec 31, 12 Since Inception 7.31 7.04 6.48 22,776 22,114 20,812 Anupam Joshi from 31st August 2024.
# CRISIL Money Market A-I Index ## CRISIL 1 year T-Bill Index. The scheme will be managed by
Praveen Jain from 31st August 2024. HDFC NIfty SDL Plus G-Sec Jun 2027 NAV as at August 30, 2024 ` 11.1629
40:60 Index Fund
HDFC Nifty G-Sec Dec 2026 Index Fund NAV as at August 30, 2024 ` 11.4360 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Returns Returns Benchmark Scheme Benchmark Additional
Returns Returns Benchmark Scheme Benchmark Additional (%) (%)# Returns (`) (`)# Benchmark
(%) (%)# Returns (%) ## (`)##
(%) ## (`) (`)# Benchmark
(`)## Aug 31, 23 Last 1 Year 8.16 8.45 8.82 10,816 10,845 10,882
Nov 10, 22 Since Inception 7.72 7.89 8.75 11,436 11,470 11,635 # Nifty SDL Plus G-Sec Jun 2027 40:60 Index ## CRISIL 10 year Gilt Index. The scheme will be
# Nifty G-Sec Dec 2026 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by managed by Anupam Joshi from 31st August 2024.
HDFC Nifty G-Sec July 2031 Index Fund NAV as at August 30, 2024 ` 11.6426 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns (%) ## (`)##
(%) ## (`) (`)# Benchmark
(`)## Aug 31, 23 Last 1 Year 8.32 8.13 8.82 10,832 10,813 10,882
Nov 10, 22 Since Inception 8.79 8.98 8.75 11,643 11,680 11,635 # NIFTY Medium to Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be
# Nifty G-Sec July 2031 Index ## CRISIL 10 year Gilt Index. The scheme will be managed by managed by Anupam Joshi from 31st August 2024.
August 2024 113
` 11.4899
CO-MANAGED BY
Date Period Scheme Benchmark Additional
Returns
Returns Benchmark Scheme Benchmark Additional SRINIVASAN RAMAMURTHY,
(%) (%)# Returns
(%) ## (`) (`)# Benchmark
(`)##
BHAGYESH KAGALKAR & ANIL BAMBOLI
Aug 31, 23 Last 1 Year 7.50 7.76 8.82 10,750 10,776 10,882 ` 17.720
HDFC ASSET ALLOCATOR FUND OF FUNDS NAV as at August 30, 2024
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed Date Period Scheme Benchmark Additional Value of ` 10,000 invested
by Anupam Joshi from 31st August 2024. Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)##
Aug 31, 23 Last 1 Year 26.39 23.60 32.64 12,639 12,360 13,264
Date Period Scheme Benchmark Additional Value of ` 10,000 invested Aug 31, 21 Last 3 Years 17.08 12.41 15.17 16,051 14,205 15,274
(%) (%)# Returns (`) (`)# Benchmark May 05, 21 Since Inception 18.79 14.69 19.38 17,720 15,769 18,017
(%) ## (`)## #90% NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) And 10% Domestic
Aug 31, 23 Last 1 Year 8.34 8.13 8.82 10,834 10,813 10,882 Prices of Gold arrived at based on London Bullion Market Association's (LBMA) AM Fixing Price
Mar 29, 22 Since Inception 6.24 6.28 6.63 11,580 11,592 11,684 ## NIFTY 50 (Total Returns Index). The scheme is co-managed by Mr. Srinivasan Ramamurthy
(Equity Assets), Mr. Anil Bamboli (Debt Assets) and Mr. Bhagyesh Kagalkar (Gold ETF Schemes)
# NIFTY Medium to Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be w.e.f February 23, 2022.
managed by Anupam Joshi from 31st August 2024.
HDFC FMP 1158D July 2022 (46) NAV as at August 30, 2024 ` 11.5870 CO-MANAGED BY
Date Period Scheme Benchmark Additional
Returns
NIRMAN MORAKHIA & ARUN AGARWAL
(%) ## (`)## HDFC Gold Fund NAV as at August 30, 2024 ` 23.0230
Aug 31, 23 Last 1 Year 7.62 7.76 8.82 10,762 10,776 10,882 Date Period Scheme Benchmark Value of ` 10,000 invested
Jul 26, 22 Since Inception 7.27 7.28 8.45 11,587 11,589 11,857 Returns Returns
(%) (%)# Scheme Benchmark
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed (`) (`)#
Aug 31, 23 Last 1 Year 20.67 21.13 12,067 12,113
HDFC FMP 1406D August 2022 (46) NAV as at August 30, 2024 ` 11.5077 Aug 31, 21 Last 3 Years 14.27 15.03 14,919 15,221
Aug 30, 19 Last 5 Years 12.57 12.53 18,091 18,053
Returns Returns Benchmark Scheme Benchmark Additional Aug 28, 14 Last 10 Years 9.02 9.96 23,741 25,888
(%) (%)# Returns (`) (`)# Benchmark Jan 01, 13 Since Inception 6.49 7.60 20,819 23,499
(%) ## (`)## # Domestic Price of Physical Gold. The scheme is managed by Mr. Nirman Morakhia since February
Aug 31, 23 Last 1 Year 8.01 7.76 8.82 10,801 10,776 10,882 15, 2023 and Mr. Arun Agarwal since February 15, 2023.
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed HDFC Index Fund - BSE SENSEX Plan NAV as at August 30, 2024 ` 775.0051
HDFC FMP 1359D September 2022 (46) NAV as at August 30, 2024 ` 11.5423 (%) (%)# Returns
(%) ## (`) (`)# Benchmark
(%) ## (`)## Aug 31, 21 Last 3 Years 13.85 14.15 15.17 14,758 14,875 15,274
Aug 31, 23 Last 1 Year 7.92 7.76 8.82 10,792 10,776 10,882 Aug 30, 19 Last 5 Years 18.14 18.54 19.37 23,039 23,425 24,262
Oct 11, 22 Since Inception 7.89 7.95 9.08 11,542 11,553 11,782 Aug 28, 14 Last 10 Years 13.03 13.35 13.59 34,104 35,063 35,825
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed Jan 01, 13 Since Inception 14.26 14.61 14.58 47,362 49,112 48,964
by Anupam Joshi from 31st August 2024. # BSE SENSEX (Total Returns Index) ## NIFTY 50 (Total Returns Index).
HDFC FMP 1204D December 2022 (47) NAV as at August 30, 2024 ` 11.2859 HDFC INDEX FUND - NIFTY 50 PLAN NAV as at August 30, 2024 ` 242.5772
(%) (%)# Returns (%) (%)# Returns (`) (`)# Benchmark
(`) (`)# Benchmark (%) ##
(%) ## (`)## (`)##
# NIFTY Medium Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed Aug 30, 19 Last 5 Years 18.93 19.37 18.54 23,821 24,262 23,425
Aug 28, 14 Last 10 Years 13.24 13.59 13.35 34,725 35,825 35,063
` 11.1193 Jan 01, 13 Since Inception 14.23 14.58 14.61 47,213 48,964 49,112
Date Period Scheme Benchmark Additional Value of ` 10,000 invested # NIFTY 50 (Total Returns Index) ## BSE SENSEX (Total Returns Index).
(%) (%)# Returns (`) (`)# Benchmark HDFC NIFTY50 EQUAL WEIGHT INDEX NAV as at August 30, 2024 ` 18.2340
(%) ## (`)## FUND
Aug 31, 23 Last 1 Year 8.07 7.76 8.82 10,807 10,776 10,882
Mar 21, 23 Since Inception 7.61 7.97 9.09 11,119 11,173 11,340 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
# NIFTY Medium Duration Debt Index ## CRISIL 10 year Gilt Index. The scheme will be managed (%) (%)# Returns
by Anupam Joshi from 31st August 2024. (%) ## (`) (`)# Benchmark
(`)##
HDFC FMP 2638D February 2023 (47) NAV as at August 30, 2024 ` 11.5288 Aug 31, 23 Last 1 Year 43.67 44.42 32.64 14,367 14,442 13,264
Aug 31, 21 Last 3 Years 20.43 21.07 15.17 17,466 17,746 15,274
Returns Returns Benchmark Scheme Benchmark Additional Aug 20, 21 Since Inception 21.93 22.60 16.56 18,234 18,540 15,908
(%) (%)# Returns (`) (`)# Benchmark #NIFTY50 Equal Weight (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme
(%) ## (`)## is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from
Aug 31, 23 Last 1 Year 9.33 9.50 8.82 10,933 10,950 10,882 February 15, 2023.
# NIFTY Long Duration Debt Index ## CRISIL 10 Year Gilt Index. The scheme will be managed by
Past performance may or may not be sustained in future and is not a guarantee of any future returns. Returns greater than 1 year period are compounded annualized (CAGR). Different
plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses /
commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. N.A.: Not Available
114 August 2024
HDFC DEVELOPED WORLD INDEXES FUND NAV as at August 30, 2024 ` 13.996 HDFC BSE 500 Index Fund NAV as at August 30, 2024 ` 15.9865
OF FUNDS Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Date Period Scheme Benchmark Additional Value of ` 10,000 invested (%) (%)# Returns
Returns Returns Benchmark Scheme Benchmark Additional (%) ## (`) (`)# Benchmark
(%) (%)# Returns (`)##
(%) ## (`) (`)# Benchmark
(`)## Aug 31, 23 Last 1 Year 39.92 41.14 32.64 13,992 14,114 13,264
Aug 31, 23 Last 1 Year 24.55 26.23 32.64 12,455 12,623 13,264 Apr 21, 23 Since Inception 41.14 42.40 32.05 15,987 16,182 14,602
Oct 06, 21 Since Inception 12.29 13.06 14.53 13,996 14,277 14,822 # BSE 500 Total Returns Index (TRI) ## Nifty 50 TRI. The scheme is managed by Mr. Nirman
Morakhia & Mr. Arun Agarwal since inception.
#MSCI World Index (Net Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme
is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from
February 01, 2022.
MANAGED BY ABHISHEK PODDAR
HDFC NIFTY NEXT 50 INDEX FUND NAV as at August 30, 2024 ` 17.6840
HDFC Defence Fund NAV as at August 30, 2024 ` 22.681
Returns Returns Benchmark Scheme Benchmark Additional Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns (`) (`)# Benchmark Returns Returns Benchmark Scheme Benchmark Additional
(%) ## (`)## (%) (%)# Returns
(%) ## (`) (`)# Benchmark
Aug 31, 23 Last 1 Year 69.52 70.65 32.64 16,952 17,065 13,264 (`)##
Nov 03, 21 Since Inception 22.36 23.13 14.48 17,684 17,998 14,651 Aug 31, 23 Last 1 Year 89.67 116.91 32.64 18,967 21,691 13,264
#NIFTY Next 50 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is co-managed Jun 02, 23 Since Inception 92.89 132.00 29.73 22,681 28,551 13,833
by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023. # Nifty India Defence Index TRI ## Nifty 50 TRI. The scheme is managed by Mr. Abhishek Poddar
since inception.
HDFC NIFTY 100 INDEX FUND NAV as at August 30, 2024 ` 15.4621
Returns Returns Benchmark Scheme Benchmark Additional MANAGED BY AMIT SINHA
(%) ## (`)## HDFC Non-Cyclical Consumer Fund NAV as at August 30, 2024 ` 15.028
Aug 31, 23 Last 1 Year 37.60 38.29 32.64 13,760 13,829 13,264
Feb 23, 22 Since Inception 18.90 19.52 18.29 15,462 15,668 15,265 Returns Returns Benchmark Scheme Benchmark Additional
#NIFTY 100 (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme is co-managed (%) (%)# Returns (`) (`)# Benchmark
by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from February 15, 2023. (%) ## (`)##
Aug 31, 23 Last 1 Year 47.30 47.01 32.64 14,730 14,701 13,264
HDFC NIFTY 100 EQUAL WEIGHT INDEX NAV as at August 30, 2024 ` 17.4069 Jul 12, 23 Since Inception 43.08 38.60 27.78 15,028 14,494 13,215
FUND # Nifty India Consumption Index TRI ## Nifty 50 TRI. The scheme is managed by Mr. Abhishek
Poddar since inception.
(%) (%)# Returns
(%) ## (`) (`)# Benchmark
(`)##
MANAGED BY PRIYA RANJAN
Aug 31, 23 Last 1 Year 53.09 54.25 32.64 15,309 15,425 13,264
HDFC Transportation and Logistics Fund NAV as at August 30, 2024 ` 16.750
#NIFTY100 Equal Weight (Total Returns Index) ## NIFTY 50 (Total Returns Index). The scheme Date Period Scheme Benchmark Additional Value of ` 10,000 invested
is co-managed by Mr. Nirman Morakhia from February 15, 2023 and Mr. Arun Agarwal from Returns Returns Benchmark Scheme Benchmark Additional
February 15, 2023. (%) (%)# Returns (`) (`)# Benchmark
(%) ## (`)##
HDFC Silver ETF Fund of Fund NAV as at August 30, 2024 ` 14.5448 Aug 31, 23 Last 1 Year 65.20 68.21 32.64 16,520 16,821 13,264
Date Period Scheme Benchmark Value of ` 10,000 invested Aug 17, 23 Since Inception 64.34 67.85 30.60 16,750 17,122 13,194
Returns Returns Scheme Benchmark # Nifty Transportation & Logistics Index TRI ## Nifty 50 TRI. The scheme is managed by Priya
(%) (%)# (`) (`)# Ranjan since inception.
Aug 31, 23 Last 1 Year 13.65 15.06 11,365 11,506
Oct 28, 22 Since Inception 22.57 23.84 14,545 14,824
# Domestic Price of Physical Silver (based on LBMA Silver daily spot fixing price). The scheme is
MANAGED BY BALAKUMAR B
managed by Mr. Nirman Morakhia & Mr. Arun Agarwal since inception.
HDFC Technology Fund NAV as at August 30, 2024 ` 14.522
HDFC Nifty Midcap 150 Index Fund NAV as at August 30, 2024 ` 18.6769 Date Period Scheme Benchmark Additional Value of ` 10,000 invested
(%) (%)# Returns (%) ## (`)##
(%) ## (`) (`)# Benchmark
(`)## Feb 29, 24 Last 6 Months 46.43 37.71 31.44 12,328 11,891 11,576
Aug 31, 23 Last 1 Year 49.15 50.08 32.64 14,915 15,008 13,264 # BSE Teck Index (TRI) ## Nifty 50 TRI. Simple annualized returns have been provided as per the
Apr 21, 23 Since Inception 58.22 59.63 32.05 18,677 18,905 14,602 extant guidelines since the scheme has completed 6 months but not 1 year. However, such returns
may not be representative. Absolute returns of the Scheme for the 6 month period is 23.28%. The
# Nifty Midcap 150 Index TRI ## Nifty 50 TRI. The scheme is managed by Mr. Nirman Morakhia scheme is managed by Balakumar B since inception.
& Mr. Arun Agarwal since inception.
HDFC Nifty Smallcap 250 Index Fund NAV as at August 30, 2024 ` 19.8061 MANAGED BY NIKHIL MATHUR
Returns Returns Benchmark Scheme Benchmark Additional HDFC Pharma and Healthcare Fund NAV as at August 30, 2024 ` 15.912
Apr 21, 23 Since Inception 65.19 66.97 32.05 19,806 20,097 14,602 (%) ## (`)##
# Nifty Smallcap 250 TRI ## Nifty 50 TRI. The scheme is managed by Mr. Nirman Morakhia & Feb 29, 24 Last 6 Months 55.61 46.91 31.44 12,788 12,352 11,576
Mr. Arun Agarwal since inception.
# BSE Healthcare Index (TRI) ## Nifty 50 TRI. Simple annualized returns have been provided as
per the extant guidelines since the scheme has completed 6 months but not 1 year. However, such
HDFC NIFTY200 Momentum 30 Index Fund NAV as at August 30, 2024 ` 12.4623 returns may not be representative. Absolute returns of the Scheme for the 6 month period is 27.88%.
The scheme is managed by Nikhil Mathur since inception.
Returns Returns Benchmark Scheme Benchmark Additional Past performance may or may not be sustained in future and is not a guarantee of any
(%) ## (`)##
future returns. Returns greater than 1 year period are compounded annualized (CAGR).
Different plans viz. Regular Plan and Direct Plan have a different expense structure.
Feb 29, 24 Last 6 Months 48.16 49.07 31.44 12,414 12,460 11,576 The expenses of the Direct Plan under the Scheme will be lower to the extent of the
# Nifty 200 Momentum 30 TRI ## Nifty 50 TRI. Simple annualized returns have been provided as distribution expenses / commission charged in the Regular Plan. Load is not taken into
per the extant guidelines since the scheme has completed 6 months but not 1 year. However, such
returns may not be representative. Absolute returns of the Scheme for the 6 month period is 24.14%. consideration for computation of performance. N.A.: Not Available
The scheme is managed by Nirman Morakhia & Arun Agarwal since inception. For Riskometer of the Schemes and Benchmark's, refer page 118 to 124.
August 2024 115
IDCW HISTORY ^
HDFC FLEXI CAP FUND (Past 3 years) IDCW Option HDFC SMALL CAP FUND (Past 3 years) IDCW Option
Record Date Regular Plan Direct Plan Record Date Regular Plan Direct Plan
Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Mar 17, 22 59.014 5.750 5.750 65.864 5.750 5.750 Mar 17, 22 34.051 3.500 3.500 44.943 3.500 3.500
Mar 16, 23 58.764 5.750 5.750 66.769 5.750 5.750 Mar 16, 23 33.860 3.000 3.000 46.395 3.000 3.000
Mar 14, 24 76.341 7.000 7.000 88.436 7.000 7.000 Mar 14, 24 44.657 4.000 4.000 63.353 4.000 4.000
HDFC TOP 100 FUND (Past 3 years) IDCW Option HDFC HYBRID EQUITY FUND (Past 3 quarters) IDCW Option
Mar 03, 22 50.209 5.25 5.25 55.214 5.25 5.25 Dec 26, 23 15.7930 0.2500 0.2500 17.7160 0.2500 0.2500
Mar 02, 23 49.950 5.00 5.00 55.846 5.00 5.00 Mar 26, 24 15.9840 0.2500 0.2500 17.9880 0.2500 0.2500
Feb 29, 24 61.896 5.50 5.50 70.417 5.50 5.50 Jun 25, 24 17.1310 0.2500 0.2500 19.3460 0.2500 0.2500
HDFC CAPITAL BUILDER VALUE FUND (Past 3 years) IDCW Option HDFC BALANCED ADVANTAGE FUND (Past 3 months) IDCW Option
Feb 18, 21 26.933 2.75 2.75 30.026 2.75 2.75 Jun 25, 24 40.293 0.250 0.250 46.217 0.250 0.250
Feb 17, 22 28.845 3.00 3.00 32.828 3.00 3.00 Jul 25, 24 41.023 0.250 0.250 47.117 0.250 0.250
Feb 15, 24 33.727 2.75 2.75 40.139 2.75 2.75 Aug 26, 24 41.380 0.250 0.250 47.590 0.250 0.250
HDFC FOCUSED 30 FUND (Past 3 years) IDCW Option HDFC INFRASTRUCTURE FUND (Past 3 years) IDCW Option
Feb 18, 21 17.040 1.75 1.75 - - - Mar 03, 22 11.5210 1.0000 1.0000 15.9090 1.0000 1.0000
Feb 17, 22 18.943 2.00 2.00 21.927 2.00 2.00 Mar 02, 23 12.5560 1.0000 1.0000 17.9340 1.0000 1.0000
Feb 15, 24 24.298 2.25 2.25 29.862 2.25 2.25 Feb 29, 24 20.6410 1.5000 1.5000 30.4540 1.5000 1.5000
HDFC ARBITRAGE FUND HDFC ELSS TAX SAVER (Past 3 years) IDCW Option
Normal IDCW Option (Past 3 months) (An open-ended equity linked savings scheme with a lock-in period of 3 years)
Record Date Wholesale Plan Direct Plan Record Date Regular Plan Direct Plan
Jun 20, 24 10.812 0.050 0.050 11.371 0.050 0.050 Mar 10, 22 55.928 5.750 5.750 67.943 5.750 5.750
Jul 18, 24 10.818 0.050 0.050 11.385 0.050 0.050 Mar 09, 23 58.383 5.750 5.750 72.808 5.750 5.750
Aug 22, 24 10.839 0.050 0.050 11.415 0.050 0.050 Mar 07, 24 76.458 7.000 7.000 98.005 7.000 7.000
Monthly IDCW Option (Past 3 months) HDFC HYBRID DEBT FUND

Record Date Wholesale Plan Wholesale Plan - Direct Plan Monthly IDCW Option (Past 3 months)
Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For Record Date Regular Plan Direct Plan
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
Jun 20, 24 11.228 0.050 0.050 11.020 0.050 0.050 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Jul 18, 24 11.237 0.050 0.050 11.032 0.050 0.050 Jun 25, 24 14.6981 0.0800 0.0800 16.1165 0.0800 0.0800
Aug 22, 24 11.261 0.050 0.050 11.060 0.050 0.050 Jul 25, 24 14.8337 0.1000 0.1000 16.2801 0.1000 0.1000
Aug 26, 24 14.9114 0.1000 0.1000 16.3827 0.1000 0.1000
HDFC LARGE AND MID CAP FUND IDCW Option
(Erstwhile HDFC Growth Opportunities Fund) (Past 3 years) Quarterly IDCW Option (Past 3 months)
Feb 25, 21 22.017 2.00 2.00 26.266 2.00 2.00 Dec 26, 23 15.0969 0.3200 0.3200 16.4440 0.3200 0.3200
Mar 02, 23 25.838 1.50 1.50 31.808 1.50 1.50 Mar 26, 24 15.2666 0.3200 0.3200 16.6806 0.3200 0.3200
Feb 29, 24 36.035 2.00 2.00 45.231 2.00 2.00 Jun 25, 24 15.5513 0.3000 0.3000 17.0474 0.3000 0.3000
HDFC MID-CAP OPPORTUNITIES FUND (Past 3 years) IDCW Option HDFC EQUITY SAVINGS FUND (Past 3 quarters) IDCW Option
Feb 25, 21 33.208 3.00 3.00 42.417 3.00 3.00 Dec 26, 23 12.6330 0.2200 0.2200 14.5910 0.2200 0.2200
Feb 24, 22 34.514 3.50 3.50 45.361 3.50 3.50 Mar 26, 24 12.8870 0.2200 0.2200 14.9500 0.2200 0.2200
Feb 22, 24 53.167 5.00 5.00 74.680 5.00 5.00 Jun 25, 24 13.2260 0.2200 0.2200 15.4170 0.2200 0.2200
^ Past performance may or may not be sustained in future and is not a guarantee of any future returns. There is no assurance or guarantee to Unit holders as to rate/quantum of IDCW distribution
nor that the IDCWs will be paid regularly. After payment of the IDCW, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to www.hdfcfund.com for Record Date-
wise listing of IDCWs declared.
116 August 2024
IDCW HISTORY ^
HDFC MULTI-ASSET FUND (Past 3 years) IDCW Option HDFC FLOATING RATE DEBT FUND (Past 3 months) Monthly IDCW Option
Mar 04, 21 14.7460 1.0000 1.0000 16.3170 1.0000 1.0000 Jun 24, 24 10.2043 0.0602 0.0602 10.2060 0.0619 0.0619
Feb 24, 22 15.2190 1.2500 1.2500 17.2000 1.2500 1.2500 Jul 29, 24 10.2478 0.1037 0.1037 10.2499 0.1058 0.1058
Feb 22, 24 16.9970 1.2500 1.2500 20.1410 1.2500 1.2500 Aug 26, 24 10.2084 0.0643 0.0643 10.2103 0.0662 0.0662
HDFC INCOME FUND (Past 3 quarters) Quarterly IDCW Option HDFC LOW DURATION FUND (Past 3 months) Monthly IDCW Option
Dec 26, 23 11.0857 0.0500 0.0500 12.4254 0.0500 0.0500 Jun 24, 24 10.1942 0.0542 0.0542 10.2015 0.0590 0.0590
Mar 26, 24 11.3291 0.2500 0.2500 12.6922 0.3000 0.3000 Jul 29, 24 10.2198 0.0798 0.0798 10.2284 0.0859 0.0859
Jun 25, 24 11.3157 0.1500 0.1500 12.6710 0.2000 0.2000 Aug 26, 24 10.1920 0.0520 0.0520 10.1991 0.0566 0.0566
HDFC DYNAMIC DEBT FUND HDFC CREDIT RISK DEBT FUND (Past 3 quarters) Quarterly IDCW Option
Quarterly IDCW Option (Past 3 quarters) Record Date Regular Plan Direct Plan
Record Date Wholesale Plan Direct Plan Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Dec 26, 23 10.3418 0.1468 0.1468 10.6741 0.1676 0.1676
Dec 26, 23 12.1999 0.0500 0.0500 13.5518 0.0500 0.0500 Mar 26, 24 10.4219 0.1969 0.1969 10.7573 0.2192 0.2192
Mar 26, 24 12.4423 0.2500 0.2500 13.8336 0.3000 0.3000 Jun 25, 24 10.3933 0.1718 0.1718 10.7278 0.1938 0.1938
Jun 25, 24 12.4542 0.1500 0.1500 13.8502 0.2000 0.2000
HDFC ULTRA SHORT TERM FUND (Past 3 months) Monthly IDCW Option
Half-yearly (IDCW Option) (Past 2 years)
Record Date Regular Plan Direct Plan
Record Date Wholesale Plan Wholesale Plan - Direct Plan
Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Jun 24, 24 10.2044 0.0544 0.0544 10.1063 0.0563 0.0563
Mar 25, 22 11.5207 0.1500 0.1500 13.1166 0.1500 0.1500
Jul 29, 24 10.2217 0.0717 0.0717 10.1241 0.0741 0.0741
Mar 27, 23 11.6065 0.3500 0.3500 13.4238 0.3500 0.3500
Aug 26, 24 10.2027 0.0527 0.0527 10.1046 0.0546 0.0546
Sep 25, 23 11.6644 0.3500 0.3500 13.6246 0.5000 0.5000
Mar 26, 24 11.7533 0.4000 0.4000 13.6676 0.5000 0.5000
HDFC BANKING AND PSU DEBT FUND (Past 3 quarters) IDCW Option
Yearly (IDCW Option) (Past 3 years) Record Date Regular Plan Direct Plan
Record Date Wholesale Plan Wholesale Plan - Direct Plan Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 27, 23 10.1586 0.0186 0.0186 10.0491 0.0191 0.0191
Mar 25, 22 13.4412 0.4500 0.4500 14.5780 0.4500 0.4500 Mar 26, 24 10.1470 0.0070 0.0070 10.0374 0.0074 0.0124
Mar 27, 23 13.4372 0.5500 0.5500 14.7957 0.5500 0.5500 Aug 19, 24 10.1504 0.0104 0.0104 10.0410 0.0110 0.0110
Mar 26, 24 13.8723 0.9000 0.9000 15.4600 1.1000 1.1000
HDFC LONG DURATION DEBT FUND (Past 3 years) IDCW Option
HDFC CORPORATE BOND FUND (Past 3 quarters) Quarterly IDCW Option Record Date Regular Plan Direct Plan
Record Date Regular Plan Direct Plan Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Dec 26, 23 10.2723 0.1430 0.1430 10.2984 0.1635 0.1635
Dec 26, 23 10.4286 0.1457 0.1457 10.2689 0.1499 0.1499 Mar 26, 24 10.5632 0.2057 0.2057 10.5780 0.1360 0.1360
Mar 26, 24 10.4990 0.2176 0.2176 10.3374 0.2199 0.2199 Jun 25, 24 10.6682 0.1977 0.1977 10.7646 0.2168 0.2168
Jun 25, 24 10.4891 0.1759 0.1759 10.3284 0.1795 0.1795
HDFC DIVIDEND YIELD FUND (Past 3 years) IDCW Option
HDFC GILT FUND (Past 3 quarters) IDCW Option Record Date Regular Plan Direct Plan
Record Date Regular Plan Direct Plan Cum IDCW IDCW per Unit (`) For Cum IDCW IDCW per Unit (`) For
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others Mar 10, 22 13.76 1.00 1.00 14.051 0.95 0.95
Dec 26, 23 11.8675 0.1000 0.1000 12.6085 0.1000 0.1000
Mar 26, 24 12.0053 0.2500 0.2500 12.7750 0.2500 0.2500 HDFC BANKING AND FINANCIAL SERVICES FUND (Past 3 years) IDCW Option
Jun 25, 24 12.0388 0.2000 0.2000 12.8408 0.2000 0.2000
HDFC LIQUID FUND (Past 3 months) Monthly IDCW Option NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
Record Date Regular Plan Direct Plan Mar 07, 24 14.0610 0.7500 0.7500 14.6870 0.7500 0.7500
NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others HDFC HOUSING OPPORTUNITIES FUND (Past 3 years) IDCW Option
Jun 24, 24 1031.7086 5.4086 5.4086 1031.7721 5.4720 5.4720
Jul 29, 24 1033.2450 6.9450 6.9450 1033.3244 7.0244 7.0244
Aug 26, 24 1031.6554 5.3554 5.3554 1031.7189 5.4189 5.4189 NAV (`) Individuals & HUF Others NAV (`) Individuals & HUF Others
HDFC MULTI CAP FUND (Past 3 years) IDCW Option Mar 09, 23 12.407 1.000 1.000 13.161 1.000 1.000
Mar 07, 24 17.437 1.250 1.250 18.773 1.250 1.250
Mar 14, 24 15.6340 0.7500 0.7500 16.1950 0.7500 0.7500
^ Past performance may or may not be sustained in future and is not a guarantee of any future returns. There is no assurance or guarantee to Unit holders as to rate/quantum of IDCW distribution
nor that the IDCWs will be paid regularly. After payment of the IDCW, the per Unit NAV falls to the extent of the payout and statutory levy, if any. Please log on to www.hdfcfund.com for Record Date-
wise listing of IDCWs declared.
August 2024 117
BENCHMARK AND SCHEME RISKOMETERS
(This product is suitable for investors
who are seeking ~)
HDFC Index Fund - NIFTY 50 • Returns that are commensurate Modera Modera
oderate High tely oderate High tely
Plan with the performance of the NIFTY o M o M
w t erate Hi w t erate Hi
50, subject to tracking errors over
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY 50 (Total long term
Very
Very
• Investment in equity securities
High
High
Low
Low
Returns Index)
covered by the NIFTY 50
RISKOMETER RISKOMETER
Investors understand that their principal will be at Investors understand that their principal will be at
very high risk very high risk
HDFC Index Fund - BSE SENSEX • Returns that are commensurate

rate Moderately rate Moderately
Plan with the performance of the BSE o Mode High o Mode High
SENSEX, subject to tracking errors
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : BSE SENSEX (Total over long term.
Very
Very
High
High
Low
Low
Returns Index)
covered by the BSE SENSEX.
HDFC NIFTY 100 Index Fund • Returns that are commensurate

(before fees and expenses) with o Mode High o Mode High
BENCHMARK : NIFTY 100 (Total the performance of the NIFTY 100
Mo Lo
Mo Lo
gh
gh
d
d
Returns Index) Index (TRI) over long term, subject
Very
Very
to tracking error
High
High
Low
Low
covered by the NIFTY 100 Index
HDFC NIFTY50 Equal Weight • Returns that are commensurate

Index Fund (before fees and expenses) with o Mode High o Mode High
the performance of the NIFTY50
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY50 Equal Weight Equal Weight Index over long term,
Very
Very
subject to tracking error
High
High
Low
Low
(Total Returns Index)
• Investment in securities covered by
the NIFTY50 Equal Weight Index
HDFC NIFTY 100 Equal Weight • Returns that are commensurate Modera Modera
Index Fund (before fees and expenses) with o M o M
the performance of the NIFTY 100
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY100 Equal Equal Weight Index (TRI) over long
Very
Very
term, subject to tracking error
High
High
Low
Low
Weight (Total Returns Index)
covered by the NIFTY 100 Equal
Weight Index very high risk very high risk
HDFC NIFTY Next 50 Index Fund • Returns that are commensurate Modera Modera
(before fees and expenses) with o M o M
BENCHMARK : NIFTY Next 50 (Total the performance of the NIFTY Next
Mo Lo
Mo Lo
gh
gh
d
Returns Index) 50 Index over long term, subject to

Very
Very
tracking error
High
High
Low
Low

the NIFTY Next 50 Index
HDFC NIFTY Midcap 150 Index • Returns that are commensurate Modera Modera
Fund (before fees and expenses) with the o M o M
performance of the NIFTY Midcap
Mo Lo
Mo Lo
gh
gh
d
BENCHMARK : NIFTY Midcap 150 150 Index (TRI) over long term,
Very
Very
subject to tracking error.

High
High
Low
Low
Total Returns Index (TRI)

covered by the NIFTY Midcap 150
Index very high risk very high risk
HDFC NIFTY Smallcap 250 Index • Returns that are commensurate Modera Modera
Fund (before fees and expenses) with the o M o M
performance of the NIFTY Smallcap
Mo Lo
Mo Lo
gh
gh
d
BENCHMARK : NIFTY Smallcap 250 250 Index (TRI) over long term,
Very
Very

High
High
Low
Low
Total Returns Index (TRI)

covered by the NIFTY Smallcap 250
118 August 2024

who are seeking ~)
HDFC BSE 500 Index Fund • Returns that are commensurate Modera Modera
(before fees and expenses) with the o M o M
BENCHMARK : BSE 500 Total Returns performance of the BSE 500 Index
Mo Lo
Mo Lo
gh
gh
d
d
Index (TRI) (TRI) over long term, subject to
Very
Very
tracking error.
High
High
Low
Low
covered by the BSE 500 Index
HDFC NIFTY 50 ETF • Returns that are commensurate Modera Modera

with the performance of the NIFTY o M o M
BENCHMARK : NIFTY 50 (Total 50, subject to tracking errors over
Mo Lo
Mo Lo
gh
gh
d
d
Returns Index) long term
Very
Very
High
High
Low
Low
covered by the NIFTY 50
HDFC BSE SENSEX ETF • Returns that are commensurate Modera Modera
with the performance of the BSE o M o M
BENCHMARK : BSE SENSEX (Total SENSEX, subject to tracking errors
Mo Lo
Mo Lo
gh
gh
d
d
Returns Index) over long term
Very
Very
High
High
Low
Low
covered by the BSE SENSEX
HDFC NIFTY Bank ETF • Returns that are commensurate Modera Modera
with the performance of the NIFTY o M o M
BENCHMARK : NIFTY Bank (Total Bank Index (Total Returns Index),
Mo Lo
Mo Lo
gh
gh
d
d
Returns Index) subject to tracking error, over long
Very
Very
term
High
High
Low
Low
covered by the NIFTY Bank Index
HDFC NIFTY 100 ETF • Returns that are commensurate

(before fees and expenses) with o Mode High o Mode High
BENCHMARK : NIFTY 100 (Total the performance of the NIFTY 100
Mo Lo
Mo Lo
gh
gh
d
d
Returns Index) Index (TRI), over long term, subject
Very
Very
to tracking error.
High
High
Low
Low
the NIFTY 100 Index
HDFC NIFTY Next 50 ETF • Returns that are commensurate

(before fees and expenses) with the o Mode High o Mode High
BENCHMARK : NIFTY NEXT 50 (Total performance of the NIFTY Next 50
Mo Lo
Mo Lo
gh
gh
d
Returns Index) Index (TRI), over long term, subject

Very
Very
to tracking error.
High
High
Low
Low

the NIFTY Next 50 Index
HDFC Silver ETF • Returns that are commensurate

with the performance of Silver, o Mode High o Mode High
BENCHMARK : Domestic Prices of subject to tracking errors, over long
Mo Lo
Mo Lo
gh
gh
d
physical Silver (based on LBMA Silver term.

Very
Very
• Investment in Silver bullion of

High
High
Low
Low
daily spot fixing price)

0.999 fineness.
HDFC NIFTY50 VALUE 20 ETF • Returns that are commensurate

BENCHMARK : NIFTY50 Value 20 performance of the NIFTY50 Value
Mo Lo
Mo Lo
gh
gh
d
Index (TRI) 20 Index (TRI), over long term,

Very
Very

High
High
Low
Low

the NIFTY50 Value 20 Index
August 2024 119

who are seeking ~)
HDFC NIFTY100 Quality 30 ETF • Returns that are commensurate Modera Modera
(before fees and expenses) with o M o M
BENCHMARK : NIFTY100 Quality 30 the performance of the NIFTY100
Mo Lo
Mo Lo
gh
gh
d
d
Index (TRI) Quality 30 Index Index (TRI), over
Very
Very
long term, subject to tracking error.
High
High
Low
Low
• Investment in securities covered
by the NIFTY100 Quality 30 Index
HDFC NIFTY Growth Sectors • Returns that are commensurate Modera Modera
15 ETF (before fees and expenses) with the o M o M
performance of the NIFTY Growth
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY Growth Sectors Sectors 15 Index (TRI), over long
Very
Very
term, subject to tracking error.
High
High
Low
Low
15 Index (TRI)
the NIFTY Growth Sectors 15 Index
HDFC NIFTY100 Low Volatility • Returns that are commensurate Modera Modera
30 ETF (before fees and expenses) with the o M o M
performance of the NIFTY100 Low
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY100 Low Volatility 30 Index (TRI), over long
Very
Very
term, subject to tracking error.
High
High
Low
Low
Volatility 30 Index (TRI)
• Investment in securities covered
by the NIFTY100 Low Volatility 30
HDFC NIFTY200 Momentum • Returns that are commensurate Modera Modera

30 ETF (before fees and expenses) with o M o M
the performance of the NIFTY200
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : NIFTY200 Momentum Momentum 30 Index (TRI), over
Very
Very
long term, subject to tracking error.
High
High
Low
Low
30 Index (TRI)
the NIFTY200 Momentum 30 Index
HDFC NIFTY Midcap 150 ETF • Returns that are commensurate

BENCHMARK : NIFTY Midcap 150 performance of the NIFTY Midcap
Mo Lo
Mo Lo
gh
gh
d
d
Very
Very
High
High
Low
Low
the NIFTY Midcap 150 Index
HDFC NIFTY Smallcap 250 ETF • Returns that are commensurate

BENCHMARK : NIFTY Smallcap 250 performance of the NIFTY Smallcap
Mo Lo
Mo Lo
gh
gh
d

Very
Very
High
High
Low
Low

the NIFTY Smallcap 250 Index
HDFC BSE 500 ETF • Returns that are commensurate

BENCHMARK : BSE 500 Index (TRI) performance of the BSE 500 Index
Mo Lo
Mo Lo
gh
gh
d
(TRI), over long term, subject to

Very
Very
tracking error.
High
High
Low
Low

the BSE 500 Index
HDFC NIFTY IT ETF • Returns that are commensurate

BENCHMARK : NIFTY IT Index (TRI) performance of the NIFTY IT Index
Mo Lo
Mo Lo
gh
gh
d
(TRI), over long term, subject to

Very
Very
tracking error.
High
High
Low
Low

the NIFTY IT Index.
120 August 2024

who are seeking ~)
HDFC NIFTY Private Bank ETF • Returns that are commensurate Modera Modera
(before fees and expenses) with the o M o M
BENCHMARK : NIFTY Private Bank performance of the NIFTY Private
Mo Lo
Mo Lo
gh
gh
d
d
Index (TRI) Bank Index (TRI), over long term,
Very
Very
High
High
Low
Low
the NIFTY Private Bank Index.
HDFC Gold Exchange Traded • Returns that are commensurate Modera Modera
Fund with the performance of gold, o M o M
subject to tracking errors, over long
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : Domestic Price of term
Very
Very
• Investment predominantly in Gold
High
High
Low
Low
Physical Gold
bullion of 0.995 fineness
high risk high risk
HDFC Gold Fund • Capital appreciation over long term Modera Modera
• Investment in Units of HDFC Gold o M o M
BENCHMARK : Domestic Price of Exchange Traded Fund (HGETF).
Mo Lo
Mo Lo
gh
gh
d
d
Physical Gold HGETF invests in gold bullion of
Very
Very
0.995 fineness
High
High
Low
Low
high risk high risk
HDFC Silver ETF Fund of Fund • Capital appreciation over long Modera Modera
term. o M o M
BENCHMARK : Domestic Price of • Investment in Units of HDFC Silver
Mo Lo
Mo Lo
gh
gh
d
d
Physical Silver (based on LBMA Silver ETF (HSETF). HSETF invests in Silver
Very
Very
and Silver related instruments.
High
High
Low
Low
daily spot fixing price)
HDFC Developed World Indexes • Returns that closely correspond to

Fund of Funds the performance of the MSCI World o Mode High o Mode High
Index, subject to tracking errors,
Mo Lo
Mo Lo
gh
gh
d
d
BENCHMARK : MSCI World Index (Net over long term
Very
Very
• Investments in units/shares of
High
High
Low
Low
Total Returns Index)
overseas equity Index Funds and/or
ETFs
August 2024 121

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer Potential Risk Class
Benchmark (This product is suitable for investors (Current risk as per latest month (Maximum risk the Scheme can take)
HDFC NIFTY • Returns that are commensurate Modera Modera Credit Risk → Relatively Relatively
oderate High tely oderate High tely Moderate
G-Sec Dec (before fees and expenses) with o M o M Low High
w t erate Hi w t erate Hi Interest Rate Risk ↓ (Class A) (Class B) (Class C)
2026 Index the performance of the Nifty
Mo Lo
Mo Lo
gh
gh
d
d
G-sec Dec 2026 Index, subject to Relatively Low (Class I)
Fund
Very
Very
tracking difference over long term.
High
High
Low
Low
Moderate (Class II)
• Investment in Government
BENCHMARK : RISKOMETER RISKOMETER Relatively High (Class III) A-III
Securities/SDL, TREPS on
Nifty G-Sec Dec Investors understand that their principal will be at Investors understand that their principal will be at
Government Securities/Treasury low to moderate risk moderate risk A-III - A Scheme with Relatively High Interest Rate Risk and
2026 Index Relatively Low Credit Risk.
bills
HDFC NIFTY • Returns that are commensurate

rate Moderately rate Moderately Credit Risk → Relatively Relatively
G-Sec Jul (before fees and expenses) with o Mode High o Mode High Low Moderate High
Mo Lo
Mo Lo
gh
gh
d
d
G-Sec July 2031 Index, subject to Relatively Low (Class I)
Fund
Very
Very
High
High
Low
Low
Moderate (Class II)
Nifty G-Sec July Investors understand that their principal will be at Investors understand that their principal will be at
Government Securities/Treasury moderate risk moderate risk A-III - A Scheme with Relatively High Interest Rate Risk and
bills
G- Sec Jun (before fees and expenses) with o M o M Low High
Mo Lo
Mo Lo
gh
gh
d
d
G- Sec Jun 2027 Index, subject to Relatively Low (Class I)
Fund
Very
Very
High
High
Low
Low
Moderate (Class II)
Nifty G- Sec Jun Investors understand that their principal will be at Investors understand that their principal will be at
Government Securities/Treasury low to moderate risk low to moderate risk A-III - A Scheme with Relatively High Interest Rate Risk and
bills
G-Sec Sep (before fees and expenses) with o M o M Low High
Mo Lo
Mo Lo
gh
gh
d
G-Sec Sep 2032 Index, subject to Relatively Low (Class I)

Fund
Very
tracking difference over long term. Very

High
High
Low
Low
Moderate (Class II)

Nifty G-Sec Sep Investors understand that their principal will be at Investors understand that their principal will be at
bills

SDL Oct 2026 (before fees and expenses) with o Mode High o Mode High Low Moderate High
Index Fund the performance of the Nifty
Mo Lo
Mo Lo
gh
gh
d
d
SDL Oct 2026 Index, subject to Relatively Low (Class I)

Very
Very

High
High
Low
Low
BENCHMARK : Moderate (Class II)

Nifty SDL Oct • Investment in Government
RISKOMETER RISKOMETER Relatively High (Class III) A-III
2026 Index Securities/SDL, TREPS on
Government Securities/Treasury low to moderate risk moderate risk A-III - A Scheme with Relatively High Interest Rate Risk and
bills Relatively Low Credit Risk.
G- Sec Apr (before fees and expenses) with o M o M Low High
2029 Index the performance of the NIFTY
Mo Lo
Mo Lo
gh
gh
d
G- Sec Apr 2029 Index, subject to Relatively Low (Class I)

Fund
Very
Very

High
High
Low
Low
Moderate (Class II)

NIFTY G- Sec Investors understand that their principal will be at Investors understand that their principal will be at
Apr 2029 Index Relatively Low Credit Risk.
bills

G-Sec Jun (before fees and expenses) with o Mode High o Mode High Low Moderate High
2036 Index the performance of the NIFTY
Mo Lo
Mo Lo
gh
gh
d
G-sec Jun 2036 Index, subject to Relatively Low (Class I)

Fund
Very
Very

High
High
Low
Low
Moderate (Class II)

NIFTY G-sec Jun Investors understand that their principal will be at Investors understand that their principal will be at
bills
122 August 2024

SDL Plus (before fees and expenses) with o M o M Low High
G-Sec Jun the performance of the NIFTY SDL
Mo Lo
Mo Lo
gh
gh
d
d
Plus G-Sec Jun 2027 40:60 Index, Relatively Low (Class I)
2027 40:60
Very
Very
subject to tracking difference over
High
High
Low
Low
Index Fund Moderate (Class II)
long term.
RISKOMETER RISKOMETER Relatively High (Class III) A-III
BENCHMARK : Investors understand that their principal will be at Investors understand that their principal will be at
Securities/SDL, TREPS on low to moderate risk low to moderate risk A-III - A Scheme with Relatively High Interest Rate Risk and
NIFTY SDL Plus Government Securities/Treasury Relatively Low Credit Risk.
G-Sec Jun 2027 bills
40:60 Index
HDFC FMP • Regular income over 1876 days Credit Risk → Relatively Relatively
(tenure of the Plan) Modera Moderate
1876D March oderate High tely Low High
• Investment in debt and money o M Modera
oderate High tely
(Class B)
w t erate Hi Interest Rate Risk ↓ (Class A) (Class C)
2022 market instruments and o M
Mo Lo w t erate Hi
gh
government securities. d Relatively Low (Class I)
Mo Lo
gh
d
Very
High
Low
Very
High
Low
NIFTY Medium
RISKOMETER Relatively High (Class III) A-III
To Long
Investors understand that their principal will be at RISKOMETER A-III - A Scheme with Relatively High Interest Rate Risk and
Duration Debt low to moderate risk Investors understand that their principal will be at Relatively Low Credit Risk.
Index moderate risk
(tenure of the Plan) Modera Moderate
1861D March oderate High tely Low High
oderate High tely
(Class B)
w t erate Hi Interest Rate Risk ↓ (Class A) (Class C)
2022 market instruments and o M
w t erate Hi
Mo Lo
gh

d
government securities.
Mo Lo
gh
d
Very

High
Low
Very
High
Low
NIFTY Medium
To Long
Investors understand that their principal will be at RISKOMETER A-III - A Scheme with Relatively High Interest Rate Risk and
Index moderate risk
(tenure of the Plan) rate Moderately Moderate
1162D March • Investment in debt and money o Mode High Modera Low (Class B) High
w t erate Hi oderate High tely Interest Rate Risk ↓ (Class A) (Class C)
2022 (46) market instruments and o M
w t erate Hi
Mo Lo
gh
d
government securities. Relatively Low (Class I)

Mo Lo
gh
d
Very
BENCHMARK :
High
Low
Moderate (Class II)

Very
High
Low
NIFTY Medium
Duration Debt RISKOMETER
Investors understand that their principal will be at A-III - A Scheme with Relatively High Interest Rate Risk and
Index low to moderate risk Investors understand that their principal will be at Relatively Low Credit Risk.
moderate risk
Modera Moderate
oderate High tely
(tenure of the plan) Low High
1158D July • Investment in debt and money o M Modera (Class B)
w t erate Hi
Mo Lo
gh
d
overnment securities. Relatively Low (Class I)

Mo Lo
gh
d
Very
BENCHMARK :
High
Low
Moderate (Class II)

Very
High
Low
NIFTY Medium
moderate risk
(tenure of the plan) Modera Moderate
1406D oderate High tely Low High
oderate High tely
Interest Rate Risk ↓ (Class B)
w t erate Hi (Class A) (Class C)
August 2022 market instruments and o M
w t erate Hi
Mo Lo
gh

d
(46)
Mo Lo
gh
d
Very
Moderate (Class II)

High
Low
Very
High
Low
BENCHMARK : Relatively High (Class III) A-III

RISKOMETER
NIFTY Medium RISKOMETER
Index moderate risk
rate Moderately
(tenure of the plan) Low Moderate High
1359D • Investment in debt and money o Mode High Modera Interest Rate Risk ↓ (Class B)
w t erate Hi oderate High tely (Class A) (Class C)
September market instruments and o M
w t erate Hi
Mo Lo
gh

d
2022 (46)
Mo Lo
gh
d
Very
Moderate (Class II)

High
Low
Very
High
Low

RISKOMETER
Index moderate risk
August 2024 123

(tenure of the plan) Modera Moderate
1204D oderate High tely Low High
oderate High tely
Interest Rate Risk ↓ (Class B)
w t erate Hi (Class A) (Class C)
December market instruments and o M
w t erate Hi
Mo Lo
gh
d
2022 (47)
Mo Lo
gh
d
Very
Moderate (Class II)
High
Low
Very
High
Low
RISKOMETER
Index moderate risk
rate Moderately
(tenure of the plan) Low Moderate High
2638D • Investment in debt and money o Mode High Modera Interest Rate Risk ↓ (Class B)
w t erate Hi oderate High tely (Class A) (Class C)
February market instruments and o M
w t erate Hi
Mo Lo
gh
d
2023
Mo Lo
gh
d
Very
Moderate (Class II)
High
Low
Very
High
Low
BENCHMARK Relatively High (Class III) A-III
RISKOMETER
: NIFTY Long RISKOMETER
Duration Debt moderate risk Investors understand that their principal will be at Relatively Low Credit Risk.
Index moderate risk
HDFC FMP • Regular income over 1269 Days Credit Risk → Relatively Relatively
(tenure of the plan) rate Moderately Moderate
1269D March • Investment in debt and money o Mode High Modera Low (Class B) High
w t erate Hi
Mo Lo
gh
d
Mo Lo
gh
d
Very
BENCHMARK :
High
Low
Moderate (Class II)
Very
High
NIFTY Medium Low
moderate risk
HDFC NIFTY • Current Income with high degree Modera Modera Credit Risk → Relatively Relatively
1D RATE of liquidity o M o M Low High
LIQUID ETF • Investment in TREPS covered by
Mo Lo
Mo Lo
gh
gh
d
the NIFTY 1D Rate Index Relatively Low (Class I) A-I

Very
Very
Low
High
Low
High
NIFTY 1D Rate RISKOMETER RISKOMETER Relatively High (Class III)
Index (TRI) Investors understand that their principal will be at Investors understand that their principal will be at
low risk low risk A-I - A Scheme with Relatively Low Interest Rate Risk and
Relatively Low Credit Risk.
Benchmark and Scheme Riskometer As on August 31, 2024
124 August 2024

UPDATION OF PAN OF ALL UNITHOLDERS IN THE FOLIOS IS MANDATORY FOR PROCESSING OF REDEMPTION AND RELATED TRANSACTIONS
It is Mandatory to complete the KYC requirements for all unit holders, including for all joint holders and the guardian in case of folio of a minor investor.
Accordingly, financial transactions (including redemptions, switches and all types of systematic plans) will not be processed if the unit holders have not
completed KYC requirements
Disclaimer: The views expressed herein are based on internal data, publicly available information and other sources believed to be reliable, but involve uncertainties that could cause actual events to differ materially from
those expressed or implied in such statements. The document is given for general and information purpose and is neither an investment advice nor an offer to sell nor a solicitation. While due care has been exercised
while preparing this document, HDFC Asset Management Company Limited (“HDFC AMC”) does not warrant the completeness or accuracy of the information. Neither HDFC AMC, nor any person connected with it,
accepts any liability arising from the use of this material. The recipient of this material should rely on their investigations and take their own professional advice. For latest riskometers, please refer www.hdfcfund.com
HDFC BSE SENSEX ETF, HDFC Index Fund - BSE SENSEX Plan (“Schemes”) is based on the BSE SENSEX Index. The Schemes is not sponsored, endorsed marketed or promoted by BSE or their respective affiliates. Please
refer to the Scheme Information Document for disclaimers w.r.t. BSE SENSEX Index.
For HDFC NIFTY 50 ETF, HDFC Index Fund - NIFTY 50 Plan, HDFC NIFTY Bank ETF, HDFC NIFTY50 Equal Weight Index Fund, HDFC NIFTY Next 50 Index Fund, HDFC NIFTY Midcap 150 Index Fund, HDFC NIFTY Smallcap
250 Index Fund, HDFC BSE 500 Index Fund, HDFC NIFTY 100 Index Fund, HDFC NIFTY 100 Equal Weight Index Fund, HDFC Nifty G-Sec Dec 2026 Index Fund, HDFC Nifty G-Sec Jul 2031 Index Fund, HDFC Nifty G- Sec
Jun 2027 Index Fund, HDFC Nifty G-Sec Sep 2032 Index Fund, HDFC Nifty SDL Oct 2026 Index Fund, HDFC NIFTY G- Sec Apr 2029 Index Fund, HDFC NIFTY G-Sec Jun 2036 Index Fund, HDFC NIFTY SDL Plus G-Sec Jun
2027 40:60 Index Fund, HDFC NIFTY 100 ETF, HDFC NIFTY Next 50 ETF, HDFC NIFTY50 VALUE 20 ETF, HDFC NIFTY100 Quality 30 ETF and HDFC Nifty Growth Sectors 15 ETF, HDFC NIFTY200 MOMENTUM 30 ETF, HDFC
NIFTY100 Low Volatility 30 ETF, HDFC NIFTY IT ETF, HDFC NIFTY Private Bank ETF, HDFC NIFTY Midcap 150 ETF, HDFC NIFTY Smallcap 250 ETF, HDFC BSE 500 ETF, HDFC NIFTY 1D RATE LIQUID ETF : The Scheme of HDFC
Mutual Fund (the “Product(s)”) are not sponsored, endorsed, sold or promoted by Nifty Indices Limited [formerly India Index Services & Products Limited] (“NIL”). NIL does not make any representation or warranty,
express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY Indices to track
general stock market performance in India. The relationship of NIL with HDFC Asset Management Company Limited (“the Issuer/Licensee”) is only in respect of the licensing of the Indices and certain trademarks
and trade names associated with such Indices which is determined, composed and calculated by NIL without regard to the Issuer /Licensee or the Product(s). NIL does not have any obligation to take the needs of
the Issuer/Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY Indices. NIL is not responsible for or has participated in the determination of the timing of,
prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NIL has no obligation or liability in connection with
the administration, marketing or trading of the Product(s).
NIL is engaged in the business of developing, constructing, compiling, computing and maintaining various equity indices. The relationship of NIL to HDFC AMC is only in respect of the rights granted to use certain
trademarks and trade names of the Index in connection with the utilisation of the Index data relating to such Index. The Index is determined, composed and calculated by NIL without regard to HDFC AMC. NIL has
no obligation to take the needs of HDFC AMC into consideration in determining, composing or calculating the NIFTY Indices.
NIL do not guarantee the accuracy and/or the completeness of NIFTY Indices or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. NIL make no warranty,
express or implied, as to results to be obtained by HDFC AMC or any other person or entity from the use of NIFTY Indices or any data included therein. NIL make no express or implied warranties, and expressly disclaim
all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, NIL expressly disclaim any and all liability for
any damages or losses arising out of the use of NIFTY Indices or any data included therein by any third party, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits),
even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred
to in Clauses above and will be bound by it.
The Schemes being thematic/Sectoral in nature carries higher risks versus diversified equity mutual funds on account of concentration and theme/sector specific risks.
MSCI Disclaimer: HDFC Developed World Indexes Fund of Funds is not sponsored, endorsed, sold or promoted by MSCI. All MSCI indexes are owned by MSCI and provided as-is without any warranties. MSCI assumes
no liability for or in connection with the MSCI indexes. Please see complete MSCI disclaimer in https://www.hdfcfund.com/our-products/hdfc-developed-world-indexes-fund-funds.
WANT TO HAVE THE LATEST INFORMATION ABOUT US?

Visit us at For any query or suggestions:-
www.hdfcfund.com Investors may contact us at:
hello@hdfcfund.com
Telephone Services Distributors may contact us at:
Toll-free number: 1800 3010 6767 / 1800 419 7676 partners@hdfcfund.com
SMS: HDFCMF to 56767
Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate, Mumbai - 400 020.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Date of Release: September 16, 2024
August 2024 125

HDFC MF Factsheet sEPT 2024

Uploaded by

Copyright:

Available Formats

HDFC MF Factsheet sEPT 2024

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

HDFC MF Factsheet sEPT 2024

Uploaded by

Copyright:

Available Formats

August 31, 2024

Aiming To Hit The Right Notes With

HDFC ASSET ALLOCATOR FUND OF FUNDS

Contact your MFD / RIA or give a missed call on 7397412345

Capital appreciation over long term

 Investment predominantly in equity oriented, debt oriented and

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,

HOW TO READ FACTSHEET

Retail registration- Auto

Net Tax collection 5,826 7,152 22.8% Summary and Conclusion

YoY, % Jun-24 Jul-24 Change in %

Equity Market Update

% Change in Indices Aug-24 FYTD25^ % Change Aug-24 FYTD25^

• Revision of India's sovereign rating outlook to positive (Rating unchanged at ‘BBB’)

GOAL BASED SOLUTIONS

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Flexi • To generate long-term capital Modera

Company Industry+ % to Company Industry+ % to Company Industry+ % to

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Multi • To generate long-term capital Modera

related securities of large cap, mid

cap and small cap companies

PERFORMANCE ^ - Regular Plan - Growth Option

Industry Allocation of Equity Holding

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Top • To generate long-term capital

(Total Returns RISKOMETER

FUND MANAGER ¥ PORTFOLIO

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Mid-Cap • To generate long-term capital Modera

NIFTY Midcap RISKOMETER

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Small • To generate long-term capital Modera

Company Industry+ / Rating % to Company Industry+ / Rating % to Company Industry+ / Rating % to

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Large • To generate long-term capital

in Large Cap and Mid Cap

FUND MANAGER ¥ PORTFOLIO

Industry Allocation of Equity Holding

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC Capital • To generate long-term capital

: NIFTY 500 RISKOMETER

Industry Allocation of Equity Holding PORTFOLIO

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option

Fund Name & Product Labelling Scheme Riskometer Benchmark Riskometer

HDFC • Capital appreciation over long

in equity and equity related

Instruments of dividend yielding

: NIFTY 500 companies

SIP PERFORMANCE ^ - Regular Plan - Growth Option

PERFORMANCE ^ - Regular Plan - Growth Option