IDFC Factsheet Complete Fund/mf-fundfact-sheet/IDFC.pdf · Exit load: (Plan A & Plan B): All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days

Fund Review August 2010

1

Equity Commentary Debt Commentary

Market Indicators

Security 31st July Month on

2010 2010 Month

Change Basis

Points (bps).

Yield % Yield %

Policy Rates

Reverse Repo Rate 4.50 3.75 75

Repo Rate 5.75 5.25 50

Cash Reserve Ratio (CRR) 6.00 6.00 0

Liquidty

Average Reverse Repo ` Crores 1111 813 298

Average Repo ` crores 46000 49000 -3000

Average Call Rate % 5.5 5.25 25

Governemnt Securities

91 Day T-Bill 5.7 5.25 45

364 Day T-Bill 6.2 5.65 55

Five Year Benchmark 7.62 7.26 36

Ten Year Benchmark 7.80 7.56 24

Currency

USD/INR ` 46.40 46.43 0%

Inflation (% Change Month Month

Year on Year) Ended Ended

30th Jun 2010 31st May 2010

WPI 10.55 10.16

Corporate Bonds

5 Year AAA Benchmark 8.50 8.22 28

3 Month CD Benchmark 6.65 6.30 35

1 Year CD Benchmark 7.45 6.9 55

Interest Rate Swaps

1 Year OIS* 6.37 5.47 90

5 Year OIS* 7.28 6.73 55

30th June

* Overnight Index Swap Source : RBI, CCIL, Bloomberg

Yield Curve

Source : CCIL, Bloomberg

31st July 2010

30th June 2010

The RBI has signaled tight liquidity conditions to persist for a while. System liquidity as measured by bids for the LAF (Liquidity Adjustment Facility) auction of the RBI has remained negative for two full months and is expected to stay negative in August as well. Liquidity became negative in June after outflows of Rs 130,000 crores in the form of telecom spectrum auction bid payments and advance tax payments. The system borrowed from the RBI at the repo rate to fill the liquidity shortage. The market was under the impression that this liquidity shortage was temporary and liquidity will come back into the system on the back of government spending. Liquidity, however remained stubbornly tight despite RBI's efforts to ease liquidity by reducing size of treasury bill auctions and inflows in the form of bond redemptions. The cause of tight liquidity is attributed to slow government spending, slow growth in bank deposits, higher credit offtake and widening trade deficit.

The tight liquidity condition is compounded by the policy tightening bias of the RBI. RBI raised reverse repo rates by 75bps and repo rates by 50bps in July and has signaled further rate hikes in the coming months. The fact that inflation is at double digit levels and is remaining sticky at higher levels has raised inflation expectations. Tight liquidity conditions coupled with rising policy rates has pressurized rates across the money market, government bond and corporate bond yield curves. Rates have moved up by 25bps to 55bps across curves. Yield curves will remain pressured in August due to liquidity and rate hike worries.

Supply pressures persist in August. The government is scheduled to borrow Rs 61,000 crores in August through auctions of dated government bonds. Treasury bill auction amount for August is around Rs 35,000 crores while State governments are expected to raise around Rs 12,000 crores through dated securities auctions. The corporate sector will be raising money through issue of money market instruments and bonds. The high supply coupled with liquidity and rate hike worries will push up yields in the primary market.

Liquidity as measured by bids for repo at 5.75% in the LAF (Liquidity Adjustment Facility) of the RBI was strained in July. Bids for repo averaged Rs 46,000 crores in July. Overnight rates hovered around repo rates of 5.75%. Liquidity will continue to be strained in August and overnight rates are expected to hover around repo levels.

3.00%

4.00%

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6.00%

7.00%

8.00%

9.00%

1 5 10 30

Net Equity Investments by FII & MFs (US $ Million for the month)

Source -SEBI FII MF Sensex

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17800

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18200

The key drivers for this month were the RBI's Rate hike and Quarterly earnings. RBI hiked the Repo rate by 25 bps (in line with expectations) and reverse repo rate by 50 bps (Surprise). This was coupled with a revision in the GDP growth target from 8% to 8.5%. At the helm of the policy were Inflation and Inflationary expectations. RBI increased its annual inflation estimate to 6% from 5.5%. There is an increasing generalization of inflationary expectation and monsoons will be critical to anchor Inflation expectations.

Monsoons have recovered strongly in the month of July. Cumulative rainfall is now near normal, Geographic dispersion has improved and consequently sowing activity has improved. This should help temper primary inflation expectations and have rub off effect on general inflation expectations.

Indian companies are reporting their 1Q FY11 earnings. While the top-line growth have had bias toward positive surprise with good volume growth, the margin performance has been disappointing. There has been pressure on account of raw material and employee expenses. Some companies have been able to manage the increase in these costs by keeping other costs in tight leash whereas other's EBITDA margins have suffered because of their inability to do so. Markets have been ruthless to any disappointments in results as valuations leave little room for disappointment. Barring positive surprises reported by financial companies there is hardly any noticeable sectoral pattern.

Foreign institutional investors (FII) were buyers of Indian equities over the month. FIIs bought US$3.5 bn over June. YTD net buying aggregates to US$10.4 bn. Domestic institutional investors (DIIs) sold US$1.0 billion over the month. Insurance companies sold US$440 mm while mutual funds too remained sellers of US$900 mn of Indian equities. YTD, insurance companies bought US$4.1 billion and mutual funds sold US$ 2.9 billion.

India stands out as an investment destination with GDP growth target of 8.5% (RBI) and 9.4% (IMF) despite the partial roll back of the stimulus package in the early part of the year. The partial/ total Deregulation of oil and gas and fertilizer sectors enhances the investment appeal of destination India. Added to this is the strong demand environment both rural and urban aided by favorable government policies and a robust banking system aiming at financial inclusion and penetration. The key risk to markets remain global cues and inflation

2

IDFC Classic Equity Fund(IDFC - CEF)An open-ended equity fund

Data as of 30 July 2010

Portfolio

Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Mahindra & Mahindra Ltd. 993.73 3.73Bajaj Auto Limited 699.55 2.63

ICICI Bank Ltd. 1536.02 5.77HDFC Bank Ltd. 1167.67 4.39Union Bank of India 1072.00 4.03Axis Bank Limited 979.38 3.68Bank of Baroda 774.03 2.91Federal Bank Ltd. 739.24 2.78

Grasim Industries Ltd. 509.87 1.92

IVRCL Infrastructures & Projects Ltd. 604.45 2.27

Larsen & Toubro Ltd. 938.42 3.52

Asian Paints Ltd. 728.94 2.74Piramal Glass Ltd. 515.40 1.94ITC Ltd 432.25 1.62

Jindal Steel & Power Ltd. 954.22 3.58

Indraprastha Gas Limited 571.33 2.15

Bharat Heavy Electricals Ltd. 1227.53 4.61BGR Energy Systems Limited 677.33 2.54

Jain Irrigation Systems Ltd. 667.17 2.51Cummins India Ltd. 425.51 1.60

Manappuram General Fin & Leasing Lt 532.01 2.00

Oil & Natural Gas Corporation Ltd. 1285.14 4.83

Reliance Industries Ltd. 716.91 2.69Bharat Petroleum Corporation Ltd. 525.43 1.97Hindustan Petroleum Corporation Ltd. 442.60 1.66

NTPC Ltd. 795.00 2.99

Pantaloon Retail (India) Ltd. 657.60 2.47

Tata Consultancy Services Ltd. 938.90 3.53Infosys Technologies Ltd. 934.11 3.51Mphasis Limited 833.10 3.13Educomp Solutions Ltd. 521.02 1.96

Bharti Airtel Ltd. 490.88 1.84

Grand Total 26623.53 100.00

Auto Total 1693.28 6.36

Banks Total 6268.34 23.54

Cement Total 509.87 1.92

Construction Total 604.45 2.27

Construction Project Total 938.42 3.52

Consumer Non Durables Total 1676.59 6.30

Ferrous Metals Total 954.22 3.58

Gas Total 571.33 2.15

Industrial Capital Goods Total 1904.86 7.15

Industrial Products Total 1092.68 4.10

Miscellaneous Total 532.01 2.00

Oil Total 1285.14 4.83

Petroleum Products Total 1684.94 6.33

Power Total 795.00 2.99

Retailing Total 657.60 2.47

Software Total 3227.13 12.12

Telecom - Services Total 490.88 1.84Others Total 542.69 2.04Derivative Total 15.14 0.06Call / Reverse Repo/ CBLO Total 1240.16 4.66Net Current Asset -61.20 -0.23

Future Total 435.23 1.63

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 268.20 CroreFund Manager : Tridib PathakInvestment objective : The investment objective of the scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments.However there is no assurance that the investment objective of the scheme will be realized.Investment style : The Scheme seeks to achieve out performance through sector rotation, theme selection, market cap bias and bottom up stock picking.Ideal investment horizon : 3 years or moreEntry load : (Plan A & Plan B) : NilExit load: (Plan A & Plan B): All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, Dividend. Reinvestment facility is available under the Dividend Option.Minimum investment amount ( Plan A & Plan B): ̀ 5,000 & in multiples of ̀ 1 Additional investment amount : ̀ 1SIP (minimum amount) ( Plan A & Plan B): ̀ 1000 Inception Date (Plan A) : 9 August 2005Inception Date (Plan B) : 2 April 2009Statistical Measures : Beta 0.86R Square 0.95Standard deviation 8.35%Last 3 dividends (`/ unit) :22 August 2006 1.50 NAV 11.558028 May 2007 1.50 NAV 13.265922 Oct 2007 1.50 NAV 15.2703

NAV (`):Growth (A) 20.7025 (B) 16.4603Dividend (A) 14.9798 (B) 13.2832Face value (` / unit) : 10Asset allocation (equity / debt / cash/Derivative) : 95.51% /4.66% /-0.23%/0.06%Fund manager’s commentRun as a well-diversified portfolio, the opportunity for the fund is to capture the breadth of the market across sectors, market capitalizations, styles and themes. The fund has reduced exposure to midcaps to around 20% and has maintained higher diversification across sectors.

Past performance may or may not be sustained in future.Benchmark : BSE 200

under the IDFC-CEF-Growth

Since Inception 60000 80371 12.02% 14.87%Last 3 years 36000 43834 13.97% 18.45%Last 2 years 24000 31588 31.53% 38.76%Last 1 year 12000 12843 15.81% 16.30%

SIP Returns Period Investment Value Scheme Return Benchmark Return

23.54%

12.12%

7.15%6.36%6.33%6.30%

4.83%4.10%3.58%3.52%2.99%2.50%2.27%2.15%1.92%1.84%0.99%0.55%

2.47%

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gIDFC-CEF - Growth BSE200

CAGR - Compounded Annualised Growth Rate

3 Month

(Absolute)

6 Month

(Absolute)Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Since Inception

CAGR

1.92%

9.03%

18.96%

11.17%

4.36%

15.75%

2.31%

10.48%

19.54%

14.23%

6.40%

18.33%

3

IDFC Imperial Equity Fund(IDFC - IEF)An open-ended equity fund


Marketvalue in % of

Name Lac (`) NAV

Mahindra & Mahindra Ltd. 2292.10 4.21Bajaj Auto Limited 1819.78 3.34

ICICI Bank Ltd. 3707.28 6.80Bank of Baroda 2571.77 4.72Union Bank of India 2305.41 4.23HDFC Bank Ltd. 1935.48 3.55Axis Bank Limited 1780.07 3.27

Grasim Industries Ltd. 1192.13 2.19


ITC Ltd 1843.24 3.38Nestle India Ltd. 1724.13 3.16

Jindal Steel & Power Ltd. 1780.21 3.27

Housing Development Finance Cor Ltd 1683.84 3.09

Bharat Heavy Electricals Ltd. 3413.06 6.26


Reliance Industries Ltd. 1796.46 3.30Indian Oil Corporation Ltd. 1394.26 2.56Bharat Petroleum Corporation Ltd. 842.68 1.55

Dr. Reddy's Laboratories Ltd. 1517.15 2.78Cipla Ltd. 1174.68 2.16Glaxosmithkline Pharmaceuticals Ltd. 1134.69 2.08

NTPC Ltd. 1590.00 2.92

Tata Consultancy Services Ltd. 2345.56 4.31Infosys Technologies Ltd. 2284.12 4.19Mphasis Limited 1450.54 2.66

Adani Enterprises Limited 875.78 1.61

Grand Total 54479.46 100.00

Auto Total 4111.87 7.55

Banks Total 12300.01 22.58





Finance Total 1683.84 3.09


Oil Total 2909.94 5.34


Pharmaceuticals Total 3826.53 7.02



Trading Total 875.78 1.61Others Total 756.27 1.39Derivative Total 30.66 0.06Money Market Instrument Total 2480.62 4.55Call / Reverse Repo/ CBLO Total 1200.16 2.20Net Current Asset 734.69 1.35


Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 550.72 CroreFund Manager : Mr.Tridib Pathak (w.e.f.26 April 2010) Investment objective : The investment objective of the Scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. Investment style : The Scheme seeks to invest predominantly in companies based on the potential value unlocking (subsidiary listing), strong growth in domestic demand and emerging sectors in the Indian economy. Ideal investment horizon : 3 years or moreEntry load : (Plan A & Plan B) : Nil Exit load: (Plan A & Plan B) : All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009). In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, Dividend. Reinvestment facility is available under the Dividend Option.Minimum investment amount (Plan A & Plan B): ̀ 5,000 Additional investment amount : ̀ 1SIP (minimum amount) (Plan A & Plan B): ̀ 1,000 Inception Date (Plan A) : 16 March 2006Inception Date (Plan B) : 2 April 2009Statistical measures : Beta 0.89R Square 0.94Standard deviation 8.27%Last dividends (`/ unit) :8 June 2009 1.20 NAV 12.4523 Plan A15 June 2009 1.20 NAV 12.0942 Plan B14 May 2008 1.50 NAV 13.9431

NAV (`):Growth (A) 18.6461 (B) 16.0679Dividend (A) 15.4133 (B) 14.8305Face value (` / unit) : 10Asset allocation (equity / debt / cash / Derivative Option) : 91.84% / 6.76% / 1.35% / 0.06%Fund manager’s commentImperial fund is a diversified large cap biased fund. The portfolio construction has revolved around selecting well established companies which have high capital efficiency or are moving towards improving their capital efficiency further and are available at reasonable valuations.

Past performance may or may not be sustained in future.Benchmark : S&P CNX Nifty

under the IDFC-IEF-Growth

Portfolio

Asset Allocation

Rating & Rankings

Value Research Ranking

Past performance is no guarantee of future results.For Methodology of Ranking Please refer Page No. 42.

Morningstar Rating



22.58%

11.98%

7.55%7.40%7.02%6.55%6.26%5.34%

3.51%3.27%3.09%2.92%1.61%

0.57%2.19%

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IDFC-IEF - Growth S&P CNX Nifty


3 Month (Absolute)

6 Month (Absolute)

Since Inception CAGR

Last 3 Years CAGR

Last 1 Year CAGR

Last 2 Years CAGR

15.30%

11.13%

18.54%

15.25%

8.83%

1.13%

12.34%

5.83%

11.32%

15.82%

9.95%

1.70%

4

IDFC Nifty Fund(IDFC - NF)An Open-Ended Index Linked Equity Scheme


Portfolio

Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Reliance Industries Ltd. 50.48 10.76Infosys Technologies Ltd. 39.87 8.50ICICI Bank Ltd. 29.81 6.35Larsen & Toubro Ltd. 28.33 6.04ITC Ltd. 23.74 5.06Housing Development Finance Cor Ltd 22.26 4.75HDFC Bank Ltd. 21.84 4.66State Bank of India 19.15 4.08Tata Consultancy Services Ltd. 12.56 2.68Oil & Natural Gas Corporation Ltd. 12.39 2.64Bharat Heavy Electricals Ltd. 11.34 2.42Bharti Airtel Ltd. 11.09 2.36Axis Bank Limited 9.83 2.10Tata Steel Ltd. 9.66 2.06Sterlite Industries Ltd. 8.33 1.78Mahindra & Mahindra Ltd. 8.15 1.74Hindustan UniLever Ltd. 7.78 1.66NTPC Ltd. 7.53 1.61Tata Motors Ltd. 7.16 1.53Jindal Steel & Power Ltd. 7.08 1.51Tata Power Co. Ltd. 6.31 1.35Hindalco Industries Ltd. 6.18 1.32Wipro Ltd. 6.04 1.29GAIL (India) Ltd. 5.85 1.25IDFC Ltd. 5.11 1.09Cipla Ltd. 4.88 1.04Hero Honda Motors Ltd. 4.74 1.01Maruti Suzuki India Ltd. 4.73 1.01Reliance Infrastructure Limited 4.61 0.98Cairn India Limited 4.27 0.91Punjab National Bank 4.23 0.90Jaiprakash Associates Ltd. 4.00 0.85Sun Pharmaceutical Industries Ltd. 3.96 0.84Kotak Mahindra Bank Ltd. 3.65 0.78Reliance Communications Ltd 3.54 0.75Steel Authority of India Ltd. 3.52 0.75Unitech Ltd. 3.23 0.69DLF Limited 3.22 0.69Siemens Ltd. 3.12 0.66Ambuja Cements Limited 2.85 0.61Reliance Capital Ltd. 2.66 0.57Idea Cellular Limited 2.56 0.55HCL Technologies Ltd. 2.46 0.53ACC Ltd 2.46 0.52Bharat Petroleum Corporation Ltd. 2.46 0.52ABB Ltd 2.43 0.52Ranbaxy Laboratories Ltd. 2.02 0.43Reliance Power Limited 1.77 0.38Power Grid Corporation Ltd. 1.71 0.36Suzlon Energy Ltd. 1.22 0.26

Grand Total 469.14 100.00

NIFTY Stock Total 458.21 97.67Net Current Asset 10.92 2.33

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 4.57 CroreFund Manager : Mr. Tridib PathakInvestment objective : The investment objective of the scheme is to replicate the S&P CNX Nifty Index by investing in securities of the S&P CNX Nifty Index in the same proportion/wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns .Investment style : The Scheme will be managed passively with investments in stocks in a proportion that it is as close as possible to the weightages of these stocks in the S&P CNX Nifty Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio, taking into account the change in weights of stocks in the index as well as the incremental collections/redemptions from the Scheme.Ideal investment horizon : 3 years or moreEntry load : Nil Exit load: Nil Load shall be applicable in case of switches between other equity schemes and IDFC Nifty Fund.Options available: Growth, Dividend, Reinvestment facility is available under the Dividend Option.Minimum investment amount : ̀ 500/- & in multiples of ̀ 1 Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 500 Inception Date : 30 April 2010NAV (`):Growth 10.2193Dividend 10.2187Face value (` / unit) : 10Asset allocation (equity / debt / cash) : 97.67% /- /2.33%Benchmark : S&P CNX Nifty Index

Past performance may or may not be sustained in future.Benchmark : S & P CNX Nifty

under the IDFC-NF-Growth

Since Inception 2000 2047 20.52% -5.51%


18.87%

12.99%

11.28%

6.40%6.04%5.28%5.06%4.68%4.32%3.86%3.66%3.55%

2.32%1.98%1.66%1.38%1.25%

3.09%

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GasIDFC-NF - Growth S & P CNX Nifty


Since Inception (Absolute)

2.19%2.19%

1.70%1.70%

3 Months (Absolute)

5

IDFC Premier Equity Fund(IDFC - PEF)An open-ended equity fund


Best mid-cap and small - cap fund award

Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Motherson Sumi Systems Ltd. 5380.80 3.21

Bajaj Electricals Limited 7376.36 4.41

Asian Paints Ltd. 8692.43 5.19GlaxoSmithkline Consumer Healthcare Ltd. 6669.78 3.98United Spirits Ltd. 5395.96 3.22Emami Limited 5312.45 3.17Bata India Ltd. 4426.66 2.64Ruchi Soya Industries Limited 4078.00 2.44Kaveri Seed Company Limited 3579.02 2.14Globus Spirits Ltd 3282.63 1.96Procter & Gamble Hygiene & Health Care Ltd. 3183.98 1.90Lakshmi Energy And Foods Ltd 2521.48 1.51Shree Renuka Sugars Ltd 2217.25 1.32Karuturi Global Limited 1964.06 1.17

Coromandel International Ltd. 9144.39 5.46

Shriram Transport Finance Co Ltd. 9226.23 5.51

Petronet LNG Ltd 4985.75 2.98Deep Industries Limited 1785.99 1.07

Indian Hotels Company Ltd. 2960.10 1.77

Nilkamal Limited 2508.43 1.50

Sun TV Network Limited 7501.57 4.48

Torrent Power Limited 4330.43 2.59PTC India Limited 3159.63 1.89Kalpataru Power Transmission Ltd 1855.74 1.11


Eclerx Services Limited 2962.99 1.77

Page Industries Limited 5671.86 3.39

IRB Infrastructure Developers Ltd 7002.00 4.18Spicejet Limited 4898.40 2.93Blue Dart Express Ltd. 4867.79 2.91Cox and Kings India Ltd 3651.42 2.18

Grand Total 167413.89 100.00

Auto Ancillaries Total 5380.80 3.21

Consumer Durables Total 7376.36 4.41


Fertilisers Total 9144.39 5.46


Gas Total 6771.74 4.04

Hotels Total 2960.10 1.77


Media & Entertainment Total 7501.57 4.48




Textile Products Total 5671.86 3.39

Transportation Total 20419.61 12.20Others Total 9178.67 5.48Derivative Total 880.66 0.53Corporate Debentures Total 7530.89 4.50Money Market Instrument Total 498.62 0.30Mutual Fund Units Total 509.14 0.30Call / Reverse Repo/ CBLO Total 1090.14 0.65Net Current Asset 768.56 0.46

Future Total -3034.60 -1.81

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 1,605.38 CroreFund Manager : Kenneth AndradeInvestment objective : The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment style : Focus on buying great companies at low valuation with a longer term perspective. The scheme portfolio would seek to acquire, inter alia, small and medium size business with good long term potential, which are available at cheap valuation. Such securities would be identified through disciplined fundamental research keeping in view medium to long term trends in the business environment. The Scheme shall endeavor to accumulate long term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short term money from flowing into the fund which can prove detrimental to the interest of long term investors.Ideal investment horizon : 3 years or moreEntry load : (Plan A & Plan B) :Nil Exit load: (Plan A & Plan B): All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, Dividend. Reinvestment facility is available under the Dividend Option.Minimum investment amount (Plan A & Plan B): ̀ 25,000Additional investment amount : ̀ 1SIP (minimum amount) (Plan A & Plan B): ̀ 2000 Inception Date (Plan A) : 28 September 2005Inception Date (Plan B) : 2 April 2009Statistical measures : Beta 0.90R Square 0.86Standard deviation 9.36%Last dividends (`/ unit) : 28 April 2009 1.50 NAV 13.103129 March 2010A 2.40 NAV 22.342629 March 2010B 2.00 NAV 18.4696

NAV (`):Growth (A) 31.9210 (B) 23.5386Dividend (A) 25.8711 (B) 21.3838Face value (` / unit) : 10Asset allocation (equity / debt / cash / derivative option) : 93.26% / 5.75% /0.46% / 0.53%Fund manager’s comment :The portfolio has attempted to identify emerging themes & segment leaders which have a strong correlation to the growth of the economy. The fund is invested close to 90% with the balance in cash. The investment process & the diversification have not undergone any radical shift. The focus remains on buying into emerging business & taking a call on the entrepreneur /organization to ride through successfully the growth curve of the business cycle.


under the IDFC-PEF-Growth

Portfolio

Rating & Rankings



Morningstar Rating



31.03%

12.20%

5.58%5.51%5.46%5.39%4.48%4.04%3.80%3.39%3.21%1.87%1.77%0.96%0.96%0.90%0.53%0.41%

1.77%

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IDFC-PEF - Growth BSE500 CAGR - Compounded Annualised Growth Rate

3 Month

(Absolute)6 Month

(Absolute)

Last 1 Year CAGR

Last 2 Years

CAGR Last 3 Years

CAGR

Since Inception

CAGR

9.21%

20.96%

48.85%

31.23%

21.91%

27.11%

2.31%

10.68%

21.36%

14.21%

5.92%

15.93%

MarketValue in % of Value of

Name Lac (`) NAV Futures

Century Textiles & Industries Ltd. 1114.77 7.54 -1120.01

Ispat Industries Ltd 561.44 3.80 -567.82

Firstsource Solutions Limited 473.89 3.21 -477.66

ICSA India Ltd 471.70 3.19 -476.15

Reliance Industries Ltd. 461.91 3.13 -465.78

Orchid Chemicals & Pharmaceuticals Ltd. 444.58 3.01 -448.04

Hindustan Petroleum Corporation Ltd. 437.78 2.96 -440.21

India Infoline Ltd. 407.01 2.75 -409.02

Mercator Lines Limited 396.18 2.68 -398.31

Moser Baer India Limited 366.08 2.48 -367.78

Biocon Limited 359.08 2.43 -361.57

Shree Renuka Sugars Ltd 347.16 2.35 -350.17

Indian Oil Corporation Ltd. 340.28 2.30 -342.07

KS Oil Limited 279.30 1.89 -281.43

Bajaj Hindustan Ltd. 278.91 1.89 -281.33

Nagarjuna Construction Co. Ltd. 247.10 1.67 -249.12

Lanco Infratech Limited 245.09 1.66 -246.38

Rolta India Ltd. 233.36 1.58 -235.29

Rural Electrification Corp Ltd 227.44 1.54 -226.39

Reliance Mediaworks Ltd. 207.17 1.40 -207.81

Yes Bank Ltd. 177.39 1.20 -178.08

Jain Irrigation Systems Ltd. 169.88 1.15 -170.75

Ranbaxy Laboratories Ltd. 166.39 1.13 -167.63

Praj Industries Limited 147.26 1.00 -148.51

Polaris Software Lab 143.54 0.97 -144.48

Noida Toll Bridge Company Ltd 142.96 0.97 -143.64

Television Eighteen India Ltd. 140.02 0.95 -141.13

Mphasis Limited 138.85 0.94 -139.84

Reliance Infrastructure Limited 138.58 0.94 -139.41

Cairn India Limited 133.74 0.91 -134.80

Indiabulls Real Estate Limited 127.73 0.86 -128.15

Nagarjuna Fertilizers & Chemicals Ltd. 124.44 0.84 -125.26

Housing Development & Infrastr Ltd 119.81 0.81 -120.33

Bharat Forge Ltd. 104.53 0.71 -105.31

Power Finance Corporation Limited 73.23 0.50 -73.52

Mangalore Refinery & Petrochemicals Ltd. 70.43 0.48 -70.70

Essar Oil Ltd 59.09 0.40 -59.64

Kingfisher Airlines Ltd 38.12 0.26 -38.45

Hotel Leela Venture Ltd. 23.30 0.16 -23.38

IDBI Bank Ltd 16.66 0.11 -16.78

Grand Total 14777.03 100.00

Total 10156.17 68.73 -10222.10

Call / Reverse Repo/ CBLO Total 1560.21 10.56

Bank Deposit Total 4000.00 27.07

Net Current Asset -939.34 -6.36

IDFC Arbitrage Fund(IDFC - AF)An open-ended equity fund

Fund features Portfolio


6

Fund performance

Past performance may or may not be sustained in future.Benchmark : Crisil Liquid Fund Index

under the IDFC-AF-Growth

Nature : Equity & Equity DerivativesAverage AUM : ̀ 216.24 CroreFund Manager : Mr. Ritesh Kumar & Mr. Ashwin Patni Investment objective : The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. Investment style : The Scheme seeks to capture the “Cost of Carry” by executing simultaneous buy (in the cash market) and sell (In the futures) trades. The amount not so invested is invested in FDs and money market instruments.Ideal investment horizon : 1 year or moreEntry load : Nil Exit load: 0.25% in both Plan A and Plan B, if redemption / switch is requested within 30 days from the date of purchase, during ongoing period. (w.e.f. August 24, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Plans available: Plan A (Regular), Plan B (Institutional)Options available: Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : Plan A: ̀ 5,000, Plan B: ̀ 25,00,000 (w.e.f. July 6, 2009)Additional investment amount : ̀ 1SIP (minimum amount) : NAInception Date: 21 December 2006Statistical Measures : Standard deviation 0.32%Dividend frequency: Monthly, subject to availability of distributable surplusLast 8 dividends (`/ unit) :26-Aug-09 B 0.0200 NAV 10.419012-Nov-09 A 0.0600 NAV 10.321412-Nov-09 B 0.0600 NAV 10.466814-Dec-09 A 0.0200 NAV 10.322614-Dec-09 B 0.0200 NAV 10.472912-Jan-10 A 0.0200 NAV 10.328512-Jan-10 B 0.0200 NAV 10.483411-Feb-10 A 0.0200 NAV 10.324911-Feb-10 B 0.0200 NAV 10.484310-Mar-10 A 0.0100 NAV 10.328710-Mar-10 B 0.0100 NAV 10.492219 -Apr-10 B 0.0100 NAV 10.520311-May-10 B 0.0100 NAV 10.549821-Jun-10 B 0.0100 NAV 10.583412-Jul-10 B 0.0100 NAV 10.5929

NAV (`):Plan A (Regular) Growth 12.4083Plan A (Regular) Dividend 10.5010Plan B (Institutional) Growth 12.6344Plan B (Institutional) Dividend 10.6470Face value (` / unit) : 10Asset allocation (equity / debt / cash) : 68.73% /37.63% / -6.36%Fund manager’s comment:Cash-future spreads remained quite attractive for another month. The fund was able to successfully roll-over its futures positions into August.

IDFC-AF-Growth Crisil Liquid Fund Index


3 Month (Absolute)

6 Month (Absolute)

Last 1 Year CAGR

Last 2 Years CAGR


Last 3 Years CAGR

1.16%

1.87%

3.55%

4.58%

5.34%

6.16%

1.13%

2.11%

3.54%

5.69%6.10%

6.48%

7

IDFC Enterprise Equity Fund(IDFC - EEF)An Open Ended Equity Scheme.


IDFC-EEF - Growth S&P CNX Nifty CAGR - Compounded Annualised Growth Rate

3 Month (Absolute)

6 Month (Absolute)

Last 1 Year CAGR


Last 3 Years CAGR

Last 2 Year CAGR

2.08%

10.26%

14.66%

10.16%

4.39%

10.70%

1.70%

9.95%

15.82%

11.55%

5.34%

16.35%

Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Reliance Industries Ltd. 6055.54 10.40Infosys Technologies Ltd. 4726.78 8.12ICICI Bank Ltd. 3549.83 6.10Larsen & Toubro Ltd. 3413.10 5.86ITC Ltd 2818.77 4.84HDFC Ltd 2651.50 4.55HDFC Bank Ltd. 2601.22 4.47State Bank of India 2271.01 3.90Tata Consultancy Services Ltd. 1484.56 2.55Oil & Natural Gas Corporation Ltd. 1473.64 2.53Bharat Heavy Electricals Ltd. 1356.50 2.33Bharti Airtel Ltd. 1319.31 2.27Axis Bank Limited 1165.82 2.00Tata Steel Ltd. 1155.06 1.98Sterlite Industries Ltd. 993.15 1.71Mahindra & Mahindra Ltd. 976.48 1.68Hindustan UniLever Ltd. 926.69 1.59Jindal Steel & Power Ltd. 845.31 1.45Tata Motors Ltd. 790.74 1.36Tata Power Co. Ltd. 761.24 1.31Hindalco Industries Ltd. 733.80 1.26Wipro Ltd. 720.94 1.24GAIL (India) Ltd. 693.64 1.19IDFC Company Ltd. 604.78 1.04Cipla Ltd. 583.05 1.00Hero Honda Motors Ltd. 574.74 0.99NTPC Ltd. 569.04 0.98Maruti Suzuki India Ltd. 558.37 0.96Reliance Infrastructure Limited 547.96 0.94Cairn India Limited 506.45 0.87Punjab National Bank 501.57 0.86Jaiprakash Associates Ltd. 476.45 0.82Sun Pharmaceutical Industries Ltd. 468.10 0.80Kotak Mahindra Bank Ltd. 434.96 0.75Reliance Communications Ltd 422.14 0.73Steel Authority of India Ltd. 420.73 0.72DLF Limited 384.63 0.66Unitech Ltd. 383.00 0.66Siemens Ltd. 372.23 0.64Ambuja Cements Limited 338.56 0.58Reliance Capital Ltd. 315.61 0.54ACC Ltd 295.58 0.51HCL Technologies Ltd. 292.28 0.50Bharat Petroleum Corporation Ltd. 291.90 0.50ABB Ltd 290.04 0.50Ranbaxy Laboratories Ltd. 240.23 0.41Reliance Power Limited 210.42 0.36Power Grid Corporation Ltd. 202.91 0.35Suzlon Energy Ltd. 145.33 0.25Idea Cellular Limited 73.60 0.13

Grand Total 58217.08 100.00

Nifty Stock Total 53989.26 92.74Derivative Total 103.82 0.18Corporate Debentures Total 408.96 0.70Money Market Instrument Total 992.08 1.70Call / Reverse Repo/ CBLO Total 762.64 1.31Net Current Asset 1960.30 3.37


Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 596.92 CroreFund Manager : Kenneth Andrade.Investment objective : The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments(Including Equity derivatives). The scheme may also invest in debt and money market instruments to generate reasonable income. However there is no assurance that the investment objective of the scheme will be realized.Investment Strategy (in brief): The term ‘Enterprise’ connotes activity, venture, project or an endeavour. The Scheme intends to invest in companies which are involved in or are in the process of setting up various business activites, ventures, projects or other commercial endeavours. The Scheme would invest in equities in the IPOs’ subsequent public offers or in the secondary market, other equity related instruments (including derivatives), benefit out of the cash and derivative markets arbitrage, opportunity and invest the residual sums in debt and money market instruments. For details please refer to the Offer document.The scheme will endeavour to generate capital appreciation through investing in equities by interalia adopting the mode of applying IPOs or subsequent public offering made by companies, if well-priced IPOs are not available the funds collected will be invested in other investment avenues such as index, cash futures arbitrage. Nifty spot futures arbitrage etc. as per the investment strategy of the scheme.The Scheme will endeavour to generate capital appreciation through investing in equities and equity related instruments by inter alia adopting the mode of applying for Initial Public Offerings (IPOs) or subsequent public offerings made by companies. The Scheme envisages to generate reasonable returns by investing in such equities. The balance equity allocations by the fund will be closely in line with Nifty. However the fund will seek to take on some deviation from Nifty by making smaller allocations to a range of arbitrage strategies in the equity and derivative markets.Investment style : The Scheme endeavours to generate capital appreciation through investing in equities by inter alia adopting the mode of applying for IPOs or subsequent public offering made by companies. If well priced IPOs are not available the funds collected may be invested in the index, hence generating market return from the index and the alpha from the premium on listing of IPOs.Entry load : (Plan A & Plan B) : Nil Exit load: (Plan A & Plan B) : All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, DividendMinimum investment amount (Plan A & Plan B): ̀ 5,000 (w.e.f. July 6, 2009)Additional investment amount : ̀ 1SIP (minimum amount) (Plan A & Plan B): ̀ 1000 (w.e.f. July 6, 2009)Inception Date (Plan A) : 9 June 2006Inception Date(Plan B) : 6 July 2009Statistical Measures : Beta (BSE 200) 0.85R Square (BSE 200) 0.89Beta (Nifty) 0.90Rsquare (Nifty) 0.92Standard deviation 4.07%Last 3 dividends (`/ unit) :

28 July 2009 1.00 NAV 10.753014 May 2008 1.50 NAV 13.0106

NAV (`):Growth (A) 15.2378 (B) 12.5256Dividend (A) 12.4975 (B) 10.5148Face value (` / unit) : 10Asset allocation (equity / debt / cash / derivative option) : 92.74% /3.72% /3.37% / 0.18%Fund manager’s comment : The fund is currently invested in the Nifty stocks. The fund aims to generate alpha by participating in primary market issuances. As a strategy, Enterprise follows a 100% invested philosophy. We have activated our participation in primary issuances which is of recent origin.

Past performance may or may not be sustained in future. Benchmark : S&P CNX Nifty

under the IDFC-EEF-Growth

Portfolio



18.08%

12.41%

10.90%

6.14%5.86%4.98%4.84%

4.16%3.94%3.72%3.40%3.12%2.22%1.91%1.59%1.32%1.19%

2.97%

Banks

Softw

are

Petr

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um

Pro

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s

Fin

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Const

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Pro

ject

Auto

Co

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Non

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rrous

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apita

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-

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No

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Ferr

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Ph

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utic

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Cem

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Div

ers

ified

Const

ruct

ion

Gas

Asset Allocation

Marketvalue in % of

Name Lac ( ) NAV`

Mahindra & Mahindra Ltd. 264.60 4.26Ashok Leyland Ltd. 212.85 3.42

Vijaya Bank 362.50 5.83Axis Bank Limited 335.86 5.40Union Bank of India 285.80 4.60Allahabad Bank 239.94 3.86ICICI Bank Ltd. 180.98 2.91Central Bank of India 125.10 2.01

IVRCL Infrastructures & Projects Ltd. 215.88 3.47Indiabulls Real Estate Limited 122.81 1.98


Emami Limited 228.90 3.68Godrej Consumer Products Ltd. 137.50 2.21

Tata Steel Ltd. 241.65 3.89Jindal Steel & Power Ltd. 155.61 2.50

Deepak Fertilisers & Petrochemicals Corp. Ltd. 109.99 1.77

Rural Electrification Corp Ltd 181.95 2.93

Redington India Ltd 136.97 2.20

Bharat Heavy Electricals Ltd. 195.03 3.14Sterlite Technologies Ltd 153.83 2.47


Oil India Limited 140.97 2.27

Reliance Industries Ltd. 252.41 4.06

Dr. Reddy's Laboratories Ltd. 135.46 2.18Unichem Laboratories Limited 130.32 2.10

Infosys Technologies Ltd. 278.84 4.49HCL Technologies Ltd. 196.10 3.15Tata Consultancy Services Ltd. 142.77 2.30


Grand Total 6216.40 100.00

Auto Total 477.45 7.68








Hardware Total 136.97 2.20



Oil Total 140.97 2.27




Telecom Services Total 153.40 2.47Net Current Asset 537.16 8.64

IDFC Tax Saver (ELSS) Fund(IDFC - TS[ELSS])A 10 year closed ended Equity Linked Saving Scheme

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 62.91 CroreFund Manager : Kenneth Andrade ( w.e.f. 21 July, 2009)Investment objective : The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments.There can be no assurance that the investment objective of the scheme will be realised.Investment style : The Scheme will invest in well- managed growth companies that are available at reasonable value. Companies would be identified through a systematic process of forecasting earnings based on a deep understanding of the industry growth potential and interaction with company management .

Exit load : Nil (w.e.f. 4th September, 2009)Options available: Growth, DividendMinimum investment amount : 500Additional investment amount : 500Inception Date: 15 March 2007Statistical Measures : Beta 0.81R Square 0.91Standard deviation 8.98%Dividends frequency : NANAV ( ):Growth 14.3529Dividend 14.3526Face value ( / unit) : 10Asset allocation (equity / debt / cash) : 91.36% /- / 8.64%Fund manager’s commentThe focus is to invest in long term growth stocks at reasonable price. The portfolio is an diverse mix of companies across sectors and is agnostic to capitalization bias. Given the plethora of opportunities which is there in domestic economy, the fund seeks to invest in companies with strong track record of execution, high operating leverage and reasonable valuations.

Entry load : Nil

`

`

`

`


under the IDFC-TS(ELSS)-Growth

Portfolio

IDFC-TS(ELSS) - Growth BSE200


3 Month(Absolute)

6 Month (Absolute)

Last 1 Year CAGR


Last 2 Year CAGR

Last 3 Year CAGR


8

24.62%

9.94%

7.68%6.39%5.89%5.61%5.45%

4.28%4.06%2.93%2.92%2.89%2.27%2.20%1.77% 2.47%

Banks

Softw

are

Auto

Fe

rrous

Meta

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Co

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Non

Dura

ble

s

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rial

Ca

pita

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Const

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Tele

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Serv

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Oil

Hard

ware

Fert

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rs

2.92%

14.63%

31.95%

17.10%

8.19%

11.29%

2.31%

10.48%

19.54%

14.23%

6.40%

13.29%

MarketValue in % of Value of

Name Lac (`) NAV Futures

Adani Enterprises Limited 759.01 7.52 -754.39

Areva T & D India Ltd 51.94 0.51 -52.21

Bajaj Hindustan Ltd. 341.14 3.38 -344.10

Biocon Limited 244.54 2.42 -246.24

Century Textiles & Industries Ltd. 301.59 2.99 -303.01

Kingfisher Airlines Ltd 86.84 0.86 -87.58

Hotel Leela Venture Ltd. 19.42 0.19 -19.48

Tata Teleservices (Mah) Limited 283.50 2.81 -286.02

Firstsource Solutions Limited 445.78 4.41 -449.33

ICSA India Ltd 193.45 1.92 -195.28

IDBI Bank Ltd 88.06 0.87 -88.69

India Infoline Ltd. 274.37 2.72 -275.73

Jindal Steel & Power Ltd. 102.70 1.02 -103.46

Mercator Lines Limited 120.90 1.20 -121.55

Moser Baer India Limited 108.28 1.07 -108.78

Piramal Healthcare Limited 243.61 2.41 -245.53

Ispat Industries Ltd 354.29 3.51 -358.31

Noida Toll Bridge Company Ltd 205.66 2.04 -206.64

Pantaloon Retail (India) Ltd. 247.81 2.45 -249.16

Ranbaxy Laboratories Ltd. 87.69 0.87 -88.34

Reliance Communications Ltd 57.18 0.57 -57.47

Triveni Engeering & Industries Ltd. 82.80 0.82 -83.60

ABB Ltd 18.26 0.18 -18.15

Reliance Infrastructure Limited 382.47 3.79 -384.76

ABB Ltd 361.16 3.58

Reliance Infrastructure Limited 24.94 0.25

Balaji Distilleries Limited 1076.96 10.66

Bank of Rajasthan Ltd 583.32 5.78

Samruddhi Cement Ltd 102.12 1.01

Bharat Heavy Electricals Ltd August 2010 Future 49.01

HDFC Bank August 2010 Future 26.52

ICICI Bank Ltd August 2010 Future -629.02

Larsen & Toubro Ltd Fv 2 August 2010 Future -49.39

United Spirits Ltd August 2010 Future -1275.01

Reliance Power Limited August 2010 Future -26.42

Tata Consultancy Services Ltd August 2010 Future -25.31

Ultratech Cement Limited August 2010 Future -104.30

Axis Bank Limited August 2010 Future -23.61

Wipro Ltd. August 2010 Future 24.13

5300 Put August 2010 Option -3.66 -0.04

5400 Put August 2010 Option 5.55 0.05

Grand Total 10099.27 100.00

Total 5,101.27 50.51 -5,127.80

Pair Trade 2,148.50 21.27 -2,033.41

Nifty Stock / Option 1.89 0.02

Final Total 7251.66 71.80 -7161.21

Corporate Debentures Total 104.03 1.03

Bank Deposit Total 1700.00 16.83

Call / Reverse Repo/ CBLO Total 770.10 7.63

Net Current Asset 273.48 2.71

IDFC Arbitrage Plus Fund(IDFC - APF)An open-ended equity fund

Fund featuresNature : Equity Derivatives

Average AUM : ̀ 113.29 Crore

Fund Manager : Mr. Ritesh Kumar & Mr. Ashwin Patni

Investment objective : The investment objective of the scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.

Investment style : The fund aimed to generate absolute returns by investing in trades in the equity and derivative markets. The trades can consist of cash-futures arbitrage as well as relative value (such as pair trades and corporate event- based strategies) and derivatives strategies.

Ideal investment horizon : 1 year or more

Entry load : Nil

Exit load: IDFC- APF - Plan A & Plan B : 0.50% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 365 days such from the date of effecting such purchase/switch in. (w.e.f. August 24, 2009)

In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)

Options available: Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)

Minimum investment amount : Plan A : ̀ 5,000, Plan B: ̀ 25,00,000

(w.e.f. July 6, 2009)

Additional investment amount : ̀ 1

Inception Date: 9 June 2008

Statistical measures :

Standard deviation 0.60%

Last 3 dividends (`/ unit):

11 May 2010 A 0.02 NAV 10.5708

11 May 2010 B 0.02 NAV 10.6296

21 Jun 2010 A 0.01 NAV 10.5741

21 Jun 2010 B 0.01 NAV 10.6360

12 Jul 2010 A 0.01 NAV 10.4622

12 Jul 2010 B 0.01 NAV 10.5250

Dividend frequency : Monthly, subject to availability of distributable surplus

NAV (`):

Growth (A) 11.0931 (B) 11.1270

Dividend (A) 10.4831 (B) 10.5473

Face value (` / unit) : 10

Asset allocation (equity / debt / cash/Derivatives Option) :

71.79% / 25.49% /2.71% /0.02%

Fund manager’s comment:

Cash-future spreads remained quite attractive for another month. The fund was able to successfully roll-over its arbitrage positions into August. The fund also had positions in options, open offers and pair trades.

Portfolio Contd...


9

Fund performance

Past performance may or may not be sustained in future.Benchmark : Crisil Liquid Fund Index

under the IDFC-APF-Growth

IDFC-APF - Growth Crisil Liquid Fund Index

3 Month (Absolute) 6 Month (Absolute) Since Inception (CAGR)Last 1 Year (CAGR) Last 2 Years (CAGR)

-0.47%

0.68%

2.22%

4.96% 4.97%

1.13%

2.11%

3.54%

5.69% 5.79%

10

IDFC Small & Midcap Equity (SME) Fund(IDFC - SMEF)An Open Ended Equity Scheme.


Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Bajaj Auto Limited 2016.00 2.44Ashok Leyland Ltd. 1708.93 2.07TVS Motor Company Ltd. 1599.65 1.94

Exide Industries Ltd. 2629.93 3.18Apollo Tyres Ltd 1501.65 1.82

Union Bank of India 3016.73 3.65Vijaya Bank 2410.63 2.92Central Bank of India 1668.00 2.02Canara Bank 1025.15 1.24

IVRCL Infrastructures & Projects Ltd. 2553.37 3.09Phoenix Mills Limited 1063.40 1.29

Titan Industries Ltd. 2228.28 2.70Dabur India Ltd. 1383.55 1.67Piramal Glass Ltd. 1380.60 1.67Godrej Consumer Products Ltd. 1240.68 1.50Kansai Nerolac Paints Limited 1218.45 1.47Colgate-Palmolive (India) Ltd. 1011.66 1.22

Zuari Industries Ltd 1284.75 1.55

Dewan Housing Finance Corpn Ltd 3008.18 3.64Shriram Transport Finance Co Ltd. 1653.63 2.00Mahindra & Mahindra Fin Ser Ltd. 1627.52 1.97ICRA Ltd 1441.24 1.74

Gujarat State Petronet Ltd 1672.29 2.02Indraprastha Gas Limited 1271.94 1.54


Fortis Healthcare Limited 2436.70 2.95

Siemens Ltd. 2446.10 2.96Sterlite Technologies Ltd 2343.14 2.84

Sun TV Network Limited 1839.61 2.23DQ Entertainment International Ltd 1649.54 2.00Hathway Cable and Datacom Limited 1352.76 1.64

BLISS GVS Pharma Ltd 1302.30 1.58ABG Infralogistics Limited 990.48 1.20

Strides Arcolab Ltd. 3023.72 3.66Aurobindo Pharma Ltd. 1803.92 2.18

Bombay Rayon Fashions Ltd. 3249.33 3.93Mandhana Industries Ltd 1874.29 2.27

Shri Lakshmi Cotsyn Ltd 1272.71 1.54

Mundra Port & Special Eco Zone Ltd 2089.17 2.53Spicejet Limited 1435.20 1.74

Grand Total 82624.71 100.00

Auto Total 5324.58 6.44

Auto Ancillaries Total 4131.58 5.00

Bank Total 8120.50 9.83





Gas Total 2944.23 3.56


Healtcare Service Total 2436.70 2.95





Textile Products Total 5123.62 6.20

Textiles - Synthetic Total 1272.71 1.54

Transportation Total 3524.37 4.27Others Total 3323.19 4.02Corporate Debentures Total 1480.16 1.79Money Market Instrument Total 2462.28 2.98Mutual Fund Units Total 509.14 0.62Call / Reverse Repo/ CBLO Total 500.07 0.61Net Current Asset 931.08 1.13

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 780.47 CroreFund Manager : Kenneth AndradeInvestment objective : The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments.The Scheme will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap Index. The Scheme may also invest in stock other than mid cap stocks (i.e. in stocks, which have a market capitalisation of above the market capitalisation range of the defined small midcap stocks) and derivatives. On defensive consideration, the Scheme may also invest in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme will predominantly invest in small and mid-cap equity and equity related instruments. Small and Mid-cap equity and equity related instruments will be the stocks included in the CNX Mid-Cap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Mid-Cap Index. The scheme would predominantly create a portfolio of emerging business and companies that are aspiring leaders in their respective field of operations. Some part of the portfolio would be in stocks/ companies that do not have a significant history of being listed. Ideal Investment Horizon: More than 3 yearsEntry Load: NilExit load: The scheme is converted into open ended scheme w.e.f. September 11, 2009. W.e.f. September 11, 2009 Exit Load - If redeemed within 365 days from the date of purchase(s) applying First in First out basis (including purchase made through the STP/SIP) -1.00%.No exit load /CDSC will be chargeable in case of switches made between different options of the schemes. In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund (w.e.f. October 12, 2009)Options available: Growth, DividendMinimum investment amount : ̀ 5,000 SIP (minimum amount): ̀ 1000Additional investment amount : ̀ 1Inception Date: 7 March 2008Statistical Measures : Beta 0.69R Square 0.89Standard deviation 3.55%Last 3 dividends (`/ unit) :29 September 2009 1.10 NAV 12.397229 April 2010 1.60 NAV 13.9863

Dividends frequency : NANAV (`):Growth 18.1435Dividend 14.9710Face value (` / unit) : 10Asset allocation (equity / debt / cash) : 92.88% /5.99% /1.13%Fund manager’s commentThe fund philosophy is to capture the potential of the small and mid - cap companies in the country. The underlying companies in the portfolio are growth oriented and at a second level the fund seeks to optimize valuations in this space. With markets buoyant the portfolio shifts have been reasonably aggressive in tune with the changing valuations. The strategy is expected to remain invested in smaller companies with low business risk and extreme valuation comfort.

Past performance may or may not be sustained in future. Benchmark : CNX Midcap

under the IDFC-SMEF-Growth

Portfolio

Since Inception 29000 50525 54.66% 43.05%

Last 2 years 24000 40989 66.97% 58.35%

Last 1 year 12000 14258 44.00% 34.64%


11.91%

9.83%9.36%

7.41%

6.20%6.10%5.86%5.84%

5.00%4.38%4.27%

3.56%2.95%2.77%

1.55%1.54%0.98%

0.11%

3.26%

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IDFC-SMEF - Growth CNX Midcap

3 Month (Absolute) 6 Month (Absolute) Since Inception (CAGR)Last 1 Year CAGR Last 2 Years CAGR

6.12%

21.49%

50.65%

41.98%

28.21%

4.39%

16.85%

43.59%

22.97%

11.36%

11

IDFC Strategic Sector (50-50) Equity FundIDFC-SS (50-50)-EFA Open Ended Equity Fund


Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Sector - Banking & Finance Total 2118.34 50.14

Finance Total 1715.81 40.61Bank Nifty Future Total 402.53 9.53Diversified Total 2083.70 49.32

Automobile Total 99.91 2.36


Consumer Goods Total 193.55 4.58

Metals Total 154.49 3.66

Industrial Manufacturing Total 69.48 1.64

Energy Total 334.69 7.92Reliance Industries Limited Future Total 63.63 1.51

Information Technology Total 320.34 7.58

Telecom Total 101.24 2.40Others Total 574.77 13.60Net Current Asset 488.92 11.57

Axis Bank Limited 235.10 5.56Central Bank of India 233.52 5.53Bank of Baroda 225.71 5.34Vijaya Bank 217.50 5.15Union Bank of India 206.41 4.89ICICI Bank Ltd. 180.98 4.28HDFC Bank Ltd. 170.15 4.03State Bank of India 125.15 2.96Rural Electrification Corp Ltd 121.30 2.87

Mahindra & Mahindra Ltd. 51.07 1.21Tata Motors Ltd. 48.84 1.16


Hindustan Unilever Ltd. 47.50 1.12ITC Ltd 146.05 3.46

Sterlite Industries Ltd. 51.25 1.21Tata Steel Ltd. 59.57 1.41Jindal Steel & Power Ltd. 43.67 1.03

Bharat Heavy Electricals Ltd. 69.48 1.64

Oil & Natural Gas Corporation Ltd. 67.97 1.61Reliance Industries Ltd. 220.80 5.23NTPC Ltd. 45.93 1.09

Infosys Technologies Ltd. 243.40 5.76Tata Consultancy Services Ltd. 76.94 1.82


Grand Total 4224.80 100.00

Fund features

Fund performance

Nature : EquityAverage AUM: ̀ 41.63 CroreFund Manager : Kenneth AndradeInvestment objective : The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in Equity and Equity related instruments.The investment objective of the fund shall be achieved by investing up to fifty percent of the assets of the scheme in a chosen sector (sector specific exposure) while the balance amount may be invested in companies across market capitalizations and across sectors (diversified exposure). The scheme may also invest in debt and money market instruments.There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.Ideal investment horizon : 3 years or moreEntry Load: (Plan A & Plan B) : Nil Exit Load: (Plan A & Plan B) : All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Entry / Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, Dividend. Reinvestment facility is available under the Dividend Option.Minimum investment amount (Plan A & Plan B): ̀ 5,000 Additional investment amount : ̀ 1SIP (minimum amount) ( Plan A & Plan B): ̀ 1000 Inception Date (Plan A) : 3 October 2008Inception Date (Plan B) : 2 April 2009Statistical Measures : Beta 0.83R Square 0.95Standard deviation 7.06%Dividend frequency : NANAV (`):Growth (A)13.8632 (B) 15.1857Dividend (A)13.7145 (B) 15.1896Face value (` / unit) : 10Asset allocation (equity / debt / cash) :88.43% /-/ 11.57%Fund manager’s comment :The Fund is built around allocating 50% of its invested portfolio in one sector. The current sector concentration is around Banking and Financials. Financials is a direct play on the Indian economy which is on a sure and stable path of recovery. Credit growth is picking up, Margins are expanding , NPA risk is controlled and valuations are commensurate to growth.

Past performance may or may not be sustained in future.Benchmark : S & P CNX Nifty

under the IDFC Strategic Sector (50-50) Equity Fund-Growth

Portfolio

Since Inception 21000 26433 30.44% 34.71%

Last 1 year 12000 12949 17.85% 13.47%


IDFC Strategic Sector (50-50) Equity Fund Growth S & P CNX Nifty

3 Month (Absolute) Since Inception CAGR6 Month (Absolute) Last 1 Year CAGR

3.61%

14.11%15.29%

19.64%

1.70%

9.95%

15.82%

20.55%

40.61%

11.76%

8.83%

5.60%5.07%4.58%3.74%3.26%2.63%1.57%0.77%

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12

IDFC Tax Advantage (ELSS) FundIDFC TA (ELSS) FundAn open ended Equity Linked Saving Scheme with lock in period of 3 years.


Asset Allocation

Marketvalue in % of

Name Lac (`) NAV

Ashok Leyland Ltd. 283.80 3.07Mahindra & Mahindra Ltd. 198.45 2.15

Vijaya Bank 507.50 5.50Axis Bank Limited 403.04 4.37Union Bank of India 317.55 3.44ICICI Bank Ltd. 316.72 3.43Allahabad Bank 287.93 3.12Oriental Bank of Commerce 201.43 2.18Central Bank of India 125.10 1.36

IVRCL Infrastructures & Projects Ltd. 215.88 2.34


Emami Limited 251.79 2.73TTK Prestige Ltd 229.03 2.48Piramal Glass Ltd. 161.06 1.75Procter & Gamble Hygiene & Health Care Ltd. 106.13 1.15

Tata Steel Ltd. 268.50 2.91Jindal Steel & Power Ltd. 248.98 2.70

Deepak Fertilisers & Petrochemicals Corp. Ltd. 102.66 1.11

Rural Electrification Corp Ltd 212.28 2.30


Bharat Heavy Electricals Ltd. 243.79 2.64Sterlite Technologies Ltd 205.10 2.22

Astral Poly Technik Limited 155.00 1.68

Sun TV Network Limited 204.53 2.22Hathway Cable and Datacom Limited 94.26 1.02

Gujarat NRE Coke Ltd 245.00 2.65

Reliance Industries Ltd. 353.38 3.83

Torrent Pharmaceuticals Limited 198.54 2.15Cadila Healthcare Ltd. 190.55 2.06

Infosys Technologies Ltd. 418.26 4.53Tata Consultancy Services Ltd. 251.94 2.73HCL Technologies Ltd. 235.32 2.55Mphasis Limited 206.80 2.24


Bombay Rayon Fashions Ltd. 132.60 1.44

Grand Total 9229.74 100.00









Hadrware Total 187.85 2.04




Minerals/Mining Total 245.00 2.65




Telecom Services Total 199.42 2.16

Textile Products Total 132.60 1.44Others Total 144.69 1.57Net Current Asset 900.65 9.76

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 90.32 CroreFund Manager : Kenneth Andrade. w.e.f. 21 July, 2009 Investment objective : The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.There can be no assurance that the investment objective of the scheme will be realised.Investment style : The Scheme will invest in well- managed growth companies that are available at reasonable value. Companies would be identified through a systematic process of forecasting earnings based on a deep understanding of the industry growth potential and interaction with company management .Entry load : Nil Exit load : Nil (w.e.f. September 04, 2009)Options available: Growth, Dividend. Reinvestment facility is available under the Dividend Option.Minimum investment amount : ̀ 500Additional investment amount : ̀ 500SIP (minimum amount) : ̀ 500Inception Date: 26 December 2008Statistical Measures : Beta 0.69R Square 0.89Standard deviation 6.73%Last 3 dividends (`/ unit) :20 January 2010 2.50 NAV 14.937323 March 2010 1.00 NAV 14.3869

Dividends frequency : NANAV (`):Growth 19.2604Dividend 15.4244Face value (` / unit) : 10Asset allocation (equity / debt / cash) : 90.24% /- /9.76%Fund manager’s comment :The focus is to invest in long term growth stocks at reasonable price. The portfolio is an diverse mix of companies across sectors and is agnostic to capitalization bias. Given the plethora of opportunities which is there in domestic economy, the fund seeks to invest in companies with strong track record of execution, high operating leverage and reasonable valuations.


under the IDFC TA (ELSS) - Growth

Portfolio

Since Inception 10000 13021 37.60% 34.33%

Last 1 year 6000 6261 9.69% -2.46%


23.39%

12.05%

8.10%

5.61%5.22%4.86%4.81%3.83%

3.24%2.65%2.43%2.34%2.16%2.04%1.68%1.44%1.11%0.97%2.30%

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IDFC-TA(ELSS) - Growth BSE200

Since Inception CAGR3 Month (Absolute) 6 Month (Absolute) Llast 1 Year CAGR

3.11%

15.39%

34.47%

50.95%

2.31%

10.48%

19.54%

56.73%

13

IDFC India GDP Growth Fund(IDFC - IGGF)An Open Ended Equity Scheme


Asset Allocation

Marketvalue in % of

Name Lac ( ) NAV`

Bajaj Auto Limited 145.15 3.55Escorts Ltd. 119.38 2.92Swaraj Mazda Ltd. 72.76 1.78

ICICI Bank Ltd. 223.28 5.46Vijaya Bank 169.65 4.15Oriental Bank of Commerce 149.05 3.64Union Bank of India 126.84 3.10Federal Bank Ltd. 125.69 3.07Allahabad Bank 105.57 2.58United Bank Of India Ltd. 82.89 2.03

Nitesh Estates Ltd 70.95 1.73IVRCL Infrastructures & Projects Ltd. 69.08 1.69

Indraprastha Gas Limited 154.86 3.78

Allied Digital Services Limited 130.89 3.20

BGR Energy Systems Limited 139.86 3.42

Jain Irrigation Systems Ltd. 181.62 4.44

Talwalkars Better Value Fitness Ltd 125.69 3.07


Manappuram General Fin & Leasing Lt 172.06 4.20


Bharat Petroleum Corporation Ltd. 82.76 2.02Hindustan Petroleum Corporation Ltd. 74.55 1.82

Torrent Pharmaceuticals Limited 125.93 3.08Strides Arcolab Ltd. 102.73 2.51


Educomp Solutions Ltd. 157.52 3.85Mphasis Limited 127.92 3.13Infosys Technologies Ltd. 125.76 3.07Everonn Education Limited 100.76 2.46Eclerx Services Limited 97.81 2.39KPIT Cummins Infosystem Ltd. 95.00 2.32

Grand Total 4092.11 100.00




Gas Total 154.86 3.78




Leisure Facilities Total 125.69 3.07



Oil Total 145.51 3.56




Software Total 704.76 17.22Derivative Total 4.09 0.10Call / Reverse Repo/ CBLO Total 120.02 2.93Net Current Asset 71.06 1.74

Fund features

Fund performance

Nature : EquityAverage AUM : ̀ 41.65 CroreFund Manager : Tridib PathakInvestment objective : The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in Equity and Equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endeavour to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in debt and money market instruments.There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.Investment style : The Scheme will invest in well- managed growth companies that are available at reasonable value. Companies would be identified through a systematic process of forecasting earnings based on a deep understanding of the industry growth potential and interaction with company management.Entry Load : NilExit load: All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment - 1%. No Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. (w.e.f. September 01, 2009)In case of Switches, Exit load shall be NIL for all switch transactions between equity schemes of IDFC Mutual Fund . (w.e.f. October 12, 2009.)Options available: Growth, Dividend. Reinvestment facility is also available under the dividend option.Minimum investment amount : ̀ 5000Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 2000 Inception Date: 11 March 2009Statistical Measures : Beta 0.45R Square 0.70Standard deviation 5.16%Last 3 dividends (`/ unit) :31 May 2010 2.00 NAV 12.6450

NAV (`):Growth 16.1601Dividend 13.9546Face value (` / unit) : 10Asset allocation (equity / debt / cash/Derivative) : 95.23% /2.93% /1.74%/0.10%Fund manager’s commentThe fund is benchmarked to the components of India's GDP in the proportion of the contribution of each component to GDP growth. The fund is invested mainly in the services sector, followed by industrials and then agriculture. Around 55% of the fund's portfolio is currently invested in midcap stocks.


under the IDFC-IGGF- Growth

Portfolio

Since Inception 32000 37294 26.96% 25.62%

Last 1 year 24000 26464 23.37% 18.25%


24.02%

17.22%

8.24%

5.59%4.44%4.20%4.04%3.84%3.78%3.56%3.42%3.42%3.18%3.07% 3.20%

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IDFC-IGGF - Growth BSE500


3 Months(Absolute)

6 Months(Absolute)

Last 1 Year CAGR

Since InceptionCAGR

41.37%

22.83%

12.71%5.96%

88.92%

21.36%

10.68%

2.31%

14

IDFC Super Saver Income Fund - Investment Plan(IDFC - SSIF-IP)An Open - Ended Income Fund


1 CBLO 1.60%

2 Non Convertible Debentures 49.23%

3 Net Current Asset 0.84%

4 Govt Securities (GSE) 43.55%

5 Certificate of Deposit 4.78%

Portfolio

% of Name Rating NAV

CBLO 1.60

State Bank of Hyderabad A1+ 4.78

HDFC Bank Ltd. AAA 13.33

Reliance Utilities & Power Pvt.Ltd. CAREAAA 12.06

Power Finance Corporation Limited AAA 11.89

Reliance Industries Ltd. AAA 7.92

Power Grid Corporation Ltd. AAA 4.03

7.80% GOI 2020 MD 03-05-2020 SOV 43.55

Grand Total 100.00

CBLO Total 1.60

Certificate of Deposit Total 4.78

Non Convertible Debentures Total 49.23

Govt Securities (GSE) Total 43.55

Net Current Asset 0.84

Fund features

Nature : DebtAverage AUM : ̀ 112.50 CroreFund manager : Arjun ParthasarthyInvestment objective : Seek to generate stable returns by creating a portfolio that is invested in good quality fixed income and money market securities. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable long-term returns through mix of accrual income and capital appreciation.Ideal investment horizon : 1 year or moreEntry load : NilExit load : IDFC-SSIF-IP - Plan A , Plan B, Plan C & Plan F : 1.00% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 365 days such from the date of effecting such purchase/switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load.Options available : Growth, Dividend & Dividend SweepMinimum investment amount : ̀ 5,000 and in multiples of ̀ 1 in Plan A (Regular Plan), `25 Lakh and in multiples of ̀ 1 in Plan B (Institutional Plan), ̀ 5 Crores and in multiples of `1 in Plan C, ̀ 5,000 and in multiples of ̀ 1 in Plan F.Additional investment amount : ̀ 1SIP (minimum amount) : in Plan A ̀ 1,000Inception date : 14 July 2000Statistical Measures : Standard deviation 1.61%Modified Duration 5.57 YearsDividend frequency : Quarterly, Half Yearly, AnnuallyLast 3 dividends (`/ unit): Date Nav Freq. Others I & H

IDFC-SSIF-IP-Plan A30-Jun-10 10.7028 Quarterly 0.0470 0.050430-Mar-09 10.4462 Quarterly 0.3669 0.394230-Jun-09 10.4659 Quarterly 0.3669 0.394229-Sep-09 10.6641 Half Yearly 0.3636 0.390730-Mar-09 10.6717 Half Yearly 0.5462 0.586930-Mar-09 10.9413 Annual 0.7663 0.8234IDFC-SSIF-IP-Plan B30-Jun-09 10.2589 Quarterly 0.1223 0.131431-Dec-09 10.2880 Quarterly 0.0296 0.0318IDFC-SSIF-IP-Plan C30-Jun-09 10.1243 Quarterly 0.0408 0.043831-Dec-09 10.1529 Quarterly 0.0227 0.0244

NAV (`):Plan A Dividend Quarterly 10.6370Plan A Growth 22.4608Plan A Dividend Annual 11.6947Plan A Dividend Half Yearly 10.9487Plan B Growth 10.8316Plan B Dividend 10.5130Plan C Growth 10.4529Plan C Dividend 10.3749Plan F Growth 9.9465Face Value (`/ unit): 10Fund manager's comment:The fund is invested in a mix of government bonds and corporate bonds to enhance liquidity and enhance accrual. The fund will actively monitor the dynamic interest rate and credit spread environment to optimize performance. Benchmark : Crisil Composite Bond Fund Index (CCBFI)

Asset Allocation

Fund performance IDFC-SSIF-IP Growth

Past performance may or may not be sustained in future.

1

2

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years

CAGR SinceAllotment

14/07/2000IDFC-SSIF-IP - Growth CCBFI


3

4

5


7.21%

8.39%

2.49%

9.28%

8.26%

5.54%6.15%

8.05%

4.61%

15


IDFC Dynamic Bond Fund(IDFC - DBF)An Open - Ended Income Fund

1 CBLO 11.99%



Portfolio


CBLO 11.99

7.80% GOI MD 03-05-2020 SOV 87.15

Grand Total 100.00

CBLO Total 11.99

Govt Securities (GSE) Total 87.15Net Current Asset 0.87

Fund features

Nature : DebtAverage AUM : ̀ 84.66 CroreFund manager : Arjun ParthasarthyInvestment objective : Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme seeks to invest in a mix of government securities and highly rated corporate bonds and seeks to generate returns by actively managing the interest rate volatility.Ideal investment horizon : 1 year or moreEntry load : NilExit load : IDFC-DBF - Plan A & Plan B: Nil. (w.e.f. August 24, 2009)Options available : Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : ̀ 5,000 and in multiples of ̀ 1 in Plan A (Regular Plan), ` 25 Lakh and in multiples of ̀ 1 in plan B (Institutional Plan). (w.e.f. July 6, 2009)Additional investment amount : ̀ 1SIP (minimum amount) : in Plan A ̀ 1,000Inception date : 25 June 2002Statistical Measures : Standard deviation 1.73%Modified Duration 5.77 YearsDividend frequency : Quarterly & AnnuallyLast 3 dividends (`/ unit) : Date Nav Freq. Others I & HIDFC- DBF - Plan A31-Dec-08 12.0332 Quarterly 0.2853 0.306630-Mar-09 10.5857 Quarterly 0.4158 0.446730-Jun-09 10.5502 Quarterly 0.4158 0.446730-Mar-09 11.1462 Annual 0.8560 0.9197IDFC- DBF - Plan B6-Jul-09 10.2050 0.2853 0.3066

NAV (`):Plan A Growth 18.3278Plan A Dividend Annual 11.7789Plan A Dividend Quarterly 10.6709Plan B Growth 10.7470Plan B Dividend 10.3510Face Value (`/ unit): 10Fund manager's comment :The fund is positioned at the mid segment of the government bond yield curve where liquidity is the highest. The fund will move dynamically between cash, government bonds and corporate bonds to optimize performance. Benchmark : Crisil Composite Bond Fund Index (CCBFI)

Asset Allocation

Fund performance IDFC-DBF Growth


1

2

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years

CAGR Since Allotment

25/06/2002IDFC-DBF - Growth CCBFI


Rating & Rankings


Morningstar Rating

3

9.59%8.92%

8.06%

1.42%

7.76%

4.61%

8.05%

6.15%5.54% 5.92%

16


IDFC Super Saver Income Fund - Medium Term(IDFC-SSIF-MT)An Open - Ended Income Fund





5 CBLO 0.27%

Portfolio


CBLO 0.27

Oriental Bank of Commerce P1+ 17.47

Andhra Bank Ltd F1+(IND) 11.75

Punjab National Bank PR1+ 11.64

Indian Bank F1+(IND) 5.79

Canara Bank P1+ 4.63

Karnataka Bank Ltd A1+ 4.60

Dena Bank P1+ 2.31

Jammu & Kashmir Bank Limited P1+ 1.15

Reliance Utilities & Power Pvt.Ltd. CAREAAA 12.14

L&T Finance Ltd CAREAA+ 6.02

Infrastructure Development Finance Company Ltd. AAA 3.79

State Bank of India AAA 2.55

National Housing Bank AAA 2.48

Power Finance Corporation Limited AAA 2.39

Export Import Bank of India AAA 1.28

7.80% GOI 2020 MD 03-05-2020 SOV 6.03

7.17% GOI 2015 MD 14-06-2015 SOV 2.37

Grand Total 100.00

CBLO Total 0.27





Fund features

Nature : DebtAverage AUM : ̀ 371.76 CroreFund manager : Anupam JoshiInvestment objective : Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable long-term returns through mix of accrual income and capital appreciation.Ideal investment horizon : 6 months or moreEntry load : NilExit load : IDFC-SSIF-MT - Plan A , Plan B & Plan F : 0.50% of NAV shall be the exit load payable by investors who purchase / switch in and seek to redeem / switch out such units within 182 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. Options available : Growth, Dividend , Dividend Sweep & Dividend payout & re-invetement option Minimum investment amount : ̀ 5,000 and in multiples of ̀ 1 in Plan A (Regular Plan), `25 Lakh and in multiples of `1 in Plan B (Institutional Plan), `5,000 and in multiples of ` 1 in Plan F.Additional investment amount : ̀ 1SIP (minimum amount) : in Plan A ̀ 1,000Inception date : 8 July 2003Statistical Measures : Standard deviation 1.17%Modified Duration 1.82 YearsDividend frequency : Bi-monthly, Monthly, Fortnightly, Quarterly & DailyLast 3 dividends (`/ unit): Date Nav Freq. Others I & HIDFC- SSIF-MT Plan A26-Jul-10 10.3195 Daily 0.00266736 0.0028621323-Jul-10 10.3195 Daily 0.00142615 0.0015304522-Jul-10 10.3195 Daily 0.00508319 0.0054541830-Jul-10 10.4775 Bimonthly 0.0491 0.052702-Jul-10 10.0617 Fortnightly 0.0292 0.031416-Jul-10 10.0617 Fortnightly 0.0002 0.000218-Jun-10 10.0617 Fortnightly 0.0089 0.009630-Jun-10 10.1544 Monthly 0.0424 0.0455

NAV (`):Plan A Growth 16.0684Plan A Dividend Bi-Monthly 10.4775Plan A Dividend Fortnightly 10.0455Plan A Dividend Monthly 10.1438Plan A Dividend Daily 10.2949Plan B Growth 10.1991Plan B Dividend 11.4045Plan F Growth 10.3917Face Value (` / unit): 10Fund manager's commentThe fund is invested in a mix of medium tenor corporate bonds and government bonds with weights allocated to certificate of deposits to temper duration. The fund will aim to maintain an average maturity between three to four years. Benchmark : CRISIL Short-Term Bond Fund Index (CSTBFI)

Asset Allocation

Fund performance IDFC-SSIF-MT - Growth


1

3 2

45

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years


08/07/2003IDFC-SSIF-MT - Growth CSTBFI


Rating & Rankings



Morningstar Rating

11.21%

9.21%8.26%

9.26%

6.94%

4.44%

7.90%7.19% 6.71%

5.99%

17


IDFC Super Saver Income Fund - Short Term(IDFC-SSIF-ST)An Open - ended Income Fund



3 CBLO 0.12%


Portfolio


CBLO 0.12

HDFC Bank Ltd. PR1+ 19.73Federal Bank Ltd. P1+ 10.03Andhra Bank Ltd F1+(IND) 10.02IDBI Bank Ltd A1+ 5.16Bank of India P1+ 4.94ICICI Bank Ltd. A1+ 4.89Karnataka Bank Ltd A1+ 3.92Yes Bank Ltd. A1+ 1.97Central Bank of India PR1+ 1.01Punjab National Bank PR1+ 0.98

Reliance Utilities & Power Pvt. Ltd. CAREAAA 8.28Export Import Bank of India AAA 5.34Shriram Transport Finance Co Ltd. AA(IND) 5.28L&T Finance Ltd CAREAA+ 5.13Aditya Birla Nuvo Ltd. LAA+ 5.03Sundaram BNP Paribas Home Fina Ltd. CAREAA+ 3.04Housing Development Finance Cor Ltd AAA 2.13Indian Railway Finance Corpn. Ltd. AAA 2.08

Grand Total 100.00

CBLO Total 0.12


Non Convertible Debentures Total 36.32Net Current Asset 0.90

Fund features

Asset Allocation

Fund performance IDFC-SSIF-ST Growth


1

2

34

Nature : DebtAverage AUM : ̀ 525.92 CroreFund manager : Anupam JoshiInvestment objective : Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme seeks to invest in a mix of government securities and highly rated corporate bonds and aims to generate stable long-term returns through mix of accrual income and capital appreciation.Ideal investment horizon : 3 months or moreEntry load : NilExit load : IDFC- SSIF- ST Plan A, Plan B, Plan C, Plan D & Plan F : Exit Load for all investment including SIP/Micro SIP/STP shall be 0.50% of the applicable NAV if redeemed /switched out within 3 months from the date of allotment. (w.e.f. 5 August, 2010)Options available : Growth, Dividend & Dividend Sweep Minimum investment amount : ̀ 5,000 and in multiples of ̀ 1 in Plan A (Regular Plan), ` 25 Lakh and in multiples of ̀ 1 in Plan B (Institutional Plan), ̀ 5 Crores and in multiples ` 1 in Plan C , ̀ 5000 and in multiples of ̀ 1 in Plan D (MF Plan), ̀ 5000 and in multiples of ` 1 in Plan F.Additional investment amount : ̀ 1SIP (minimum amount) : in Plan A ̀ 1,000Inception date : 14 December 2000Statistical Measures : Standard deviation 0.75%Modified Duration 1.27 YearsDividend frequency : Monthly, Fortnightly Last 3 dividends (`/ unit): Date Nav Freq. Others I & HIDFC- SSIF-ST Plan A02-Jul-10 10.0789 Fortnightly 0.0189 0.020318-Jun-10 10.0789 Fortnightly 0.0027 0.002904-Jun-10 10.0789 Fortnightly 0.0106 0.011330-Jun-10 10.0654 Monthly 0.0219 0.0235IDFC- SSIF-ST Plan B02-Jul-10 10.1285 Fortnightly 0.0020 0.002118-Jun-10 10.1077 Fortnightly 0.0027 0.002904-Jun-10 10.1077 Fortnightly 0.0106 0.011430-Jun-10 10.0655 Monthly 0.0220 0.0236IDFC-SSIF-ST Plan C18-Jun-10 10.0829 Fortnightly 0.0026 0.002804-Jun-10 10.0829 Fortnightly 0.0106 0.011321-May-10 10.0829 Fortnightly 0.0021 0.002330-Apr-10 10.1530 Monthly 0.0511 0.0549IDFC-SSIF-ST Plan D02-Jul-10 10.0567 Fortnightly 0.0206 0.022118-Jun-10 10.0567 Fortnightly 0.0044 0.004704-Jun-10 10.0567 Fortnightly 0.0123 0.013230-Jun-10 10.0931 Monthly 0.0258 0.0277

NAV (`) :Plan A Growth 19.4305Plan A Dividend Monthly 10.0434Plan A Dividend Fortnightly 10.0522Plan B Growth 10.7715Plan B Dividend Monthly 10.0434Plan B Dividend Fortnightly 10.1016Plan C Growth 10.8504Plan C Dividend Monthly 10.1802Plan C Dividend Fortnightly 10.0793Plan D Growth 12.4974Plan D Dividend Monthly 10.0755Plan D Dividend Fortnightly 10.0343Plan F Growth 10.1940Face Value (` / unit): 10Fund manager's commentThe fund is invested in a mix of certificate of deposits and short duration corporate bonds to optimize performance. The fund is well positioned to take advantage of the current interest rate scenario. Benchmark : CRISIL Short-Term Bond Fund Index (CSTBFI)

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years


14/12/2000IDFC-SSIF-ST - Growth CSTBFI



8.98%

7.75% 7.52%

4.14%

7.14%

4.44%

7.90%7.19%

6.71%

18

IDFC Cash Fund(IDFC-CF)An Open - Ended Liquid Fund


1 CBLO 0.86%


3 Commercial Paper 1.28%

4 Fixed Deposits 4.00%


Portfolio


CBLO 0.86

Punjab National Bank PR1+ 9.90UCO Bank P1+ 7.93Central Bank of India PR1+ 6.84Indusind Bank Limited P1+ 5.83Andhra Bank Ltd F1+(IND) 5.79ICICI Bank Ltd. A1+ 5.47Karur Vysya Bank Ltd. A1+ 4.95Federal Bank Ltd. P1+ 4.18State Bank of Patiala A1+ 3.68Bank of Maharashtra. A1+ 3.48Oriental Bank of Commerce P1+ 3.47Central Bank of India P1+ 2.97Allahabad Bank P1+ 2.61United Bank of India Ltd. A1+ 2.48State Bank of Travancore P1+ 2.29Dhanalaxmi Bank Ltd PR1+ 2.18State Bank of Patiala P1+ 1.99Corporation Bank P1+ 1.99Yes Bank Ltd. A1+ 1.98Canara Bank PR1+ 1.49State Bank of Bikaner & Jaipur P1+ 1.49Allahabad Bank A1+ 1.49State Bank of Mysore A1+ 1.00Jammu & Kashmir Bank Limited P1+ 0.99Syndicate Bank Ltd. PR1+ 0.99United Bank of India Ltd. PR1+ 0.99Punjab & Sindh Bank Ltd A1+ 0.99IDBI Bank Ltd A1+ 0.99Union Bank of India P1+ 0.79Export Import Bank of India AAA 0.50Dena Bank P1+ 0.50Kotak Mahindra Bank Ltd. P1+ 0.50Indian Overseas Bank P1+ 0.49ING Vysya Bank Ltd. P1+ 0.35Karur Vysya Bank Ltd. P1+ 0.26

Export Import Bank of India P1+ 1.18Morgan Stanley (I) Capital Pvt Ltd F1+(IND) 0.10

Grand Total 100.00

CBLO Total 0.86

Certificate Of Deposit Total 93.84

Commercial Paper Total 1.28Fixed Deposits - Total 4.00Net Current Asset 0.01

Fund features

Nature : Liquid FundAverage AUM : ̀ 2,672.48 CroreFund manager : Anupam JoshiInvestment objective : IDFC-CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme aims to invest in a highly quality money market instruments with high liquidity and seeks to generate accrual income with low volatility.Ideal investment horizon : 1 day or moreEntry load : NilExit load : NilOptions available : Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : ` 5,000 and in multiples of `1 in Plan A (Regular Plan), ` 1 Crore and in multiples of ̀ 1 in Plan B (Institutional Plan), ̀ 5 Crores and in multiples ̀ 1 in Plan C (Super Institutional Plan).Additional investment amount : ̀ 1SIP (minimum amount) : NAInception date : 2 July 2001Statistical Measures : Standard deviation 0.12%Modified Duration 47.55 daysDividend frequency : Daily, Weekly with compulsory re-investment, Periodic (in Plan B only) and Monthly (in Plan C only)Last 3 dividends (`/ unit) : Date Nav Freq. Others I & HIDFC- CF Plan A31-Jul-10 10.5819 Daily 0.00115700 0.0011570030-Jul-10 10.5819 Daily 0.00114668 0.0011466829-Jul-10 10.5819 Daily 0.00115748 0.0011574816-Jul-10 10.0101 Weekly 0.0076 0.007623-Jul-10 10.0101 Weekly 0.0076 0.007630-Jul-10 10.0101 Weekly 0.0076 0.0076IDFC-CF Plan B31-Jul-10 10.5873 Daily 0.00118036 0.0011803630-Jul-10 10.5873 Daily 0.00116999 0.0011699929-Jul-10 10.5873 Daily 0.00118081 0.0011808118-Jun-10 10.0000 Weekly 0.0053 0.005328-May-10 10.0000 Weekly 0.0045 0.004514-May-10 10.0000 Weekly 0.0026 0.0026IDFC-CF Plan C31-Jul-10 10.0025 Daily 0.00119024 0.0011902430-Jul-10 10.0025 Daily 0.00118049 0.0011804929-Jul-10 10.0025 Daily 0.00123174 0.0012317404-Jun-10 10.0000 Weekly 0.0011 0.001121-Aug-09 10.0102 Weekly 0.0063 0.006314-Aug-09 10.0102 Weekly 0.0065 0.006531-Dec-09 10.0000 Monthly 0.0270 0.0270

NAV (`) :Plan A Growth 16.6649Plan A Dividend Daily 10.5819Plan A Dividend Weekly 10.0101Plan B Growth (IP ) 16.7928Plan B Dividend (IP ) Daily 10.5873Plan B Dividend (IP ) Weekly -Plan C Growth (SIP ) 11.3792Plan C Dividend (SIP ) Daily 10.0025Plan C Dividend (SIP) Monthly -Face Value (` / unit): 10Fund manager's commentThe scheme is well positioned for a period of anticipated liquidity easing enabling it to deliver returns while managing the flows. Benchmark : Crisil Liquid Fund Index (CLFI)

Asset Allocation

Fund performance IDFC-CF - Growth


1

2

345

IDFC-CF - Growth CLFI


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Since

Allotment

02/07/2001

CAGR Last 3 Years

(Annualised)30 Days

(Annualised)15 Days

(Annualised)7 Days

CAGR Last 5 Years


5.07% 5.06% 5.03%

3.99%

5.53%5.80% 5.87% 5.78%

5.28% 5.22% 5.27%

3.54%

5.69%6.10% 6.21%

Morningstar Rating

Rating & Rankings

1 CBLO 3.82%

2 Net Current Asset -62.70%



Portfolio


CBLO 3.82

Karur Vysya Bank Ltd. P1+ 26.66

Indusind Bank Limited P1+ 26.65

Central Bank of India PR1+ 26.46

ING Vysya Bank Ltd. P1+ 26.35

Export Import Bank of India P1+ 26.38

Tata Capital Limited A1+ 26.38

Grand Total 100.00

CBLO Total 3.82


Commercial Paper Total 52.76

Net Current Asset -62.70

IDFC Ultra Short Term Fund(IDFC-USTF)An Open - Ended Income Scheme

Fund features

Nature : Average AUM : ̀ 37.56 CroreFund manager : Anupam JoshiInvestment objective :

Investment Style: The Scheme aims to invest predominantly in the overnight money market so as to represent the returns of that part of the money market.Ideal investment horizon : 1 day or moreEntry load : NilExit load :

Options available : Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : Minimum of 5,000 and in multiples of 1.Additional investment amount : 1SIP (minimum amount) : 1,000Inception date : 17 January 2006Statistical Measures : Standard deviation 0.13%Modified Duration 0.25 YearsDividend frequency : Daily with compulsory re-investment, Weekly with compulsory re - investment and Monthly.Last 3 dividends ( / unit) : Date Nav Freq. Others I & H

NAV ( ):Growth 12.8381Dividend Daily 10.0125Dividend Weekly 10.0040Dividend Monthly 10.0382Face Value ( / unit): 10Fund manager's commentThe scheme is invested in overnight CBLO & upto 3 month CD's in line with its objectives.Benchmark : Crisil Liquid Fund Index (CLFI)

Open Ended Income Scheme

To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. there can be no assurance that the investment objective of the scheme will be realised.

1.00% of the NAV shall be applicable if investors who redeem /switch out such investments within 360 days from the date of subscription applying First and First Out basis, (including investment through SIP/STP).(w.e.f. 05-August-2010)

` `

`

`

`

30-Jul-10 10.0125 Daily 0.00191434 0.0020520829-Jul-10 10.0125 Daily 0.00115527 0.0011552728-Jul-10 10.0125 Daily 0.00115391 0.0011539116-Jul-10 10.0040 Weekly 0.0078 0.007823-Jul-10 10.0040 Weekly 0.0081 0.0081 30-Jul-10 10.0040 Weekly 0.0092 0.009830-Jul-10 10.0382 Monthly 0.0367 0.0394

`

`


Asset Allocation

Fund performance IDFC-USTF Growth


IDFC-USTF - Growth CLFI


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Since

Allotment

17/01/2006

CAGR Last 3 Years

(Annualised)30 Days

(Annualised)15 Days

(Annualised)7 Days

19

1

2

3

4

5.38%6.10% 6.37%

5.86% 5.55%

4.34%4.92%

5.49% 5.66%5.28% 5.22% 5.27%

3.54%

5.69%

Rating & Rankings


Morningstar Rating

20

IDFC Savings Advantage Fund(IDFC-SAF)An Open - Ended Income Scheme (w.e.f. March 03, 2010)



1 CBLO 0.72%



4 Floating Rate Note 4.41%


6 Zero Coupon Bonds 0.23%

7 Fixed Deposits 13.92%


Portfolio


CBLO 0.72

IDBI Bank Ltd A1+ 11.13Jammu & Kashmir Bank Limited P1+ 8.75Union Bank of India P1+ 6.77HDFC Bank Ltd. PR1+ 5.56ICICI Bank Ltd. A1+ 5.41Federal Bank Ltd. P1+ 3.55Canara Bank P1+ 3.35Central Bank of India P1+ 2.26State Bank of Travancore P1+ 2.26IDBI Bank Ltd P1+ 2.25Bank of India P1+ 2.24Yes Bank Ltd. A1+ 2.00Karnataka Bank Ltd A1+ 1.64Central Bank of India PR1+ 1.14Allahabad Bank A1+ 1.13Indian Bank F1+(IND) 1.13Punjab & Sindh Bank Ltd A1+ 1.13Punjab National Bank PR1+ 1.13Karur Vysya Bank Ltd. P1+ 1.12Bank of Baroda A1+ 1.12Oriental Bank of Commerce P1+ 1.11UCO Bank P1+ 1.11Dena Bank P1+ 1.11State Bank of Hyderabad A1+ 0.66

Securities Trading Corp Ind Ltd P1+ 2.23L&T Finance Ltd PR1+ 1.14Sundaram Finance Limited P1+ 1.14Rural Electrification Corp Ltd PR1+ 1.13Housing Development Finance Cor Ltd A1+ 1.11Deutsche Postbank Home Finance Ltd P1+ 0.21

Axis Bank Limited LAAA 1.86Union Bank of India AAA 1.86ICICI Bank Ltd. LAAA 0.69

Sundaram Finance Limited LAA+ 2.33National Bank for Agri. & Rural Dev AAA 0.93Indian Railway Finance Corpn. Ltd. AAA 0.23LIC Housing Finance Ltd. AAA 0.23Housing Development Finance Cor Ltd AAA 0.12Tata Sons Ltd. AAA 0.11Tata Motors Ltd. AAA 0.10Kotak Mahindra Prime Ltd. LAA 0.09

Kotak Mahindra Prime Ltd. P1+ 0.23

Grand Total 100.00

CBLO Total 0.72



Floating Rate Note Total 4.41


Zero Coupon Bonds Total 0.23Fixed Deposits - Total 13.92Net Current Asset 0.57

Fund features

Nature : Open ended Income schemeAverage AUM : 2,246.48 CroreFund manager : Anupam JoshiInvestment objective : To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realised.Investment Style: The Scheme aims to invest in a highly quality money market instruments with high liquidity and seeks to generate accrual Income with low volatility.Ideal investment horizon : 1 day or moreEntry load : NilExit load : Plan A, D & F: Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed /switched out within 60 days from the date of allotment. (w.e.f. 8 March, 2010)Options available : Minimum investment amount : Minimum of 5,000 and in multiples of 1 in Plan A,

.Additional investment amount : 1SIP (minimum amount) : 1,000 (Plan A)Inception date : 27 March 2006Statistical Measures : Standard deviation 0.13%Modified Duration 0.42 YearsDividend frequency : Daily & Weekly (with Compulsory re-investment) Monthly.Last 3 dividends :

Date Nav Freq. Others I & H

29-Jul-10 1000.21 Daily 0.04362297 0.0468048228-Jul-10 1000.21 Daily 0.05721755 0.0613909516-Jul-10 1001.1827 Weekly 0.9261 0.993723-Jul-10 1001.1827 Weekly 0.9296 0.997430-Jul-10 1001.1827 Weekly 0.6640 0.712530-Jul-10 1003.4891 Monthly 3.7387 4.0114

000NAV ( ):Plan A Growth 1317.9642Plan A Dividend Daily 1000.2100Plan A Dividend Weekly 1001.1827Plan A Dividend Monthly 1003.4891

Plan F Growth 10.1439

Face Value ( / unit): Plan A: 1000, Plan D: 10.Fund manager's commentThe scheme is invested in short maturity certificate of deposits in line with its objectives.Benchmark : Crisil Liquid Fund Index (CLFI)

`

Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)` `

`500 & in multiples of ̀ 1 in Plan D, ̀ 10,000 and in multiples of ̀ 1 in Plan F `

`

(`/ unit)

IDFC-SAF- Plan A30-Jul-10 1000.21 Daily 0.12729452 0.13658129

IDFC-SAF- Plan D30-Jul-10 10.0000 Daily 0.00123919 0.0013294129-Jul-10 10.0000 Daily 0.00040281 0.0004318628-Jul-10 10.0000 Daily 0.00053884 0.00057768

`

Plan D Growth 10.5752Plan D Dividend 10.0000

Plan F Dividend 10.1472`

Asset Allocation

Fund performance IDFC-SAF Growth


2

3

IDFC-SAF - Growth CLFI


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Since

Allotment

27/03/2006

CAGR Last 3 Years

(Annualised)30 Days

(Annualised)15 Days

(Annualised)7 Days


Morningstar Rating

Rating & Rankings

45

1

6

8

7

4.23%

5.13% 5.51%

4.59%5.24%

6.18%6.56%

5.28% 5.22% 5.27%

3.54%

5.69%6.10% 6.41%

21

IDFC Money Manager Fund - Treasury Plan(IDFC-MMF-TP)An Open - Ended Income Fund


1 CBLO 8.50%2 Certificate of Deposit 60.78%3 Commercial Paper 8.39%4 Floating Rate Note 11.24%5 Non Convertible Debentures 4.23%6 Zero Coupon Bonds 2.94%7 Pass Through Certificates 0.10%8 Treasury Bills 0.64%9 Net Current Asset -1.77%10 Fixed Deposite 4.95%

Portfolio


CBLO 8.50

State Bank of Patiala A1+ 7.38Punjab & Sindh Bank Ltd A1+ 6.54Vijaya Bank PR1+ 5.69Corporation Bank P1+ 4.10Bank of Maharashtra. A1+ 4.10ICICI Bank Ltd. A1+ 3.46ING Vysya Bank Ltd. P1+ 3.24Andhra Bank Ltd F1+(IND) 3.21Central Bank of India PR1+ 3.05Allahabad Bank P1+ 2.47Union Bank of India A1+ 2.43Federal Bank Ltd. P1+ 2.42Union Bank of India P1+ 2.42South Indian Bank Limited PR1+ 2.41State Bank of Hyderabad A1+ 2.13Canara Bank P1+ 1.64State Bank of Mysore A1+ 0.82IDBI Bank Ltd P1+ 0.82Punjab National Bank PR1+ 0.82Export Import Bank of India AAA 0.82Indian Bank F1+(IND) 0.80

ONGC Videsh Limited P1+ 3.28Export Import Bank of India P1+ 1.07Aditya Birla Finance Ltd A1+ 0.82Indian Oil Corporation Ltd. P1+ 0.82Steel Authority of India Ltd. PR1+ 0.82IDBI Home Finance Ltd. A1+ 0.82Tata Capital Limited A1+ 0.59Morgan Stanley (I) Capital Pvt Ltd F1+(IND) 0.16

Housing Development Finance Cor Ltd AAA 3.32Indian Railway Finance Corpn. Ltd. AAA 3.30LIC Housing Finance Ltd. AAA 2.31Export Import Bank of India AAA 1.65Power Finance Corporation Limited AAA 0.66

Housing Development Finance Cor Ltd AAA 0.91Power Finance Corporation Limited AAA 0.83Deutsche Postbank Home Finance Ltd AA+ 0.83Usha Martin Ltd. PR1+ 0.83ICICI Bank Ltd. LAAA 0.66Sundaram Finance Limited LAA+ 0.17

Loan Sec Trust ICICI Bank Ser XVI AAA(SO) 0.10

Housing Development Finance Cor Ltd AAA 2.77Infrastructure Development Finance Company Ltd. LAAA 0.16

91 Days Tbill MD 17-09-2010 SOV 0.64

Grand Total 100.00

CBLO Total 8.50



Floating Rate Note Total 11.24


Pass Through Certificates Total 0.10

Zero Coupon Bonds Total 2.94

Treasury Bills Total 0.64Fixed Deposits - Total 4.95Net Current Asset -1.77

Fund features

Nature : Debt FundAverage AUM : ̀ 3,732.57 CroreFund manager : Anupam JoshiInvestment objective : Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style: The Scheme aims to invest only in highly rated money market instruments including floating rate instruments with short term benchmarks. The Scheme seeks to generate returns predominantly through accrual income.Ideal investment horizon : 1 day or moreEntry load : NilExit load : IDFC-MMF - TP : Plan A, Plan B, Plan C, Plan D & Plan F : Nil. Options available : Growth, Dividend & Dividend Sweep Minimum investment amount : `5,000 and in multiples of `1 in Plan A (Regular Plan), `1 Crore and in multiples of ̀ 1 in Plan B (Institutional Plan), ̀ 5 Crores and in multiples ̀ 1 in Plan C (Super Institutional Plan), ` 25,000 and in multiples ̀ 1 in Plan D, ̀ 5,000 and in multiples of ̀ 1 in Plan F.Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1,000 (Plan A)Inception date : 18 Feb 2003Statistical Measures : Standard deviation 0.11%Modified Duration 54.93 DaysDividend frequency : Monthly & Daily / Weekly with compulsory reinvestmentLast 3 dividends (`/ unit): Date Nav Freq. Others I & HIDFC- MMF -TP Plan A30-Jul-10 10.0699 Daily 0.00097103 0.0010418729-Jul-10 10.0699 Daily 0.00099918 0.0010720628-Jul-10 10.0699 Daily 0.00104164 0.0011176216-Jul-10 10.0137 Weekly 0.0073 0.007823-Jul-10 10.0142 Weekly 0.0069 0.007430-Jul-10 10.0147 Weekly 0.0067 0.007230-Jul-10 10.0918 Monthly 0.0235 0.0252IDFC-MMF -TP Plan B30-Jul-10 10.0703 Daily 0.00109466 0.0011745129-Jul-10 10.0703 Daily 0.00113308 0.0012157428-Jul-10 10.0703 Daily 0.00117557 0.0012613216-Jul-10 10.0234 Weekly 0.0084 0.009023-Jul-10 10.0234 Weekly 0.0080 0.008630-Jul-10 10.0234 Weekly 0.0081 0.008730-Jul-10 10.0704 Monthly 0.0338 0.0363IDFC-MMF -TP Plan C30-Jul-10 10.0015 Daily 0.00113045 0.0012129229-Jul-10 10.0015 Daily 0.00115860 0.0012431128-Jul-10 10.0015 Daily 0.00119023 0.0012770616-Jul-10 10.0120 Weekly 0.0084 0.009023-Jul-10 10.0120 Weekly 0.0083 0.008930-Jul-10 10.0120 Weekly 0.0082 0.008830-Jul-10 10.0000 Monthly 0.0357 0.0383IDFC-MMF -TP Plan D30-Jul-10 10.0007 Daily 0.00081916 0.0008788929-Jul-10 10.0007 Daily 0.00084727 0.0009088028-Jul-10 10.0007 Daily 0.00088912 0.00095400

NAV (`) :Plan A Growth 15.0522Plan A Dividend Monthly 10.0918Plan A Dividend Daily 10.0699Plan A Dividend Weekly 10.0147Plan B Growth 14.9736Plan B Dividend Daily 10.0703Plan B Dividend Weekly 10.0234Plan B Dividend Monthly 10.0704Plan C Dividend Daily 10.0015Plan C Growth 11.1029Plan C Dividend Weekly 10.0120Plan C Dividend Monthly 10.0000Plan D Growth 10.4465Plan D Dividend Daily 10.0007Plan F Growth 10.2039Face Value (` / unit): 10Fund manager's commentThe scheme is invested in short maturity liquid instruments in line with its objectives to deliver marginally higher returns over cash fund.Benchmark : NSE MIBOR INDEX

Asset Allocation

Fund performance IDFC-MMF-TP Growth


1

2

3

4

567

8

For Methodology of Ranking Please refer Page No. 42.

9 10

18/02/2003IDFC-MMF-TP - Growth NSE MIBOR


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Since

Allotment

CAGR Last 3 Years

(Annualised)30 Days

(Annualised)15 Days

(Annualised)7 Days

CAGR Last 5 Years

4.54% 4.58% 4.69%4.37%

5.93% 6.01% 5.97%5.64%

6.29%5.59% 5.69%

3.88%

4.94%5.71%

6.01%5.66%

22

(IDFC-MMF-IP)An Open - Ended Income Fund


IDFC Money Manager Fund - Investment Plan


1 CBLO 1.21%2 Net Current Asset 1.01%3 Certificate of Deposit 97.78%

Portfolio


CBLO 1.21

Oriental Bank of Commerce P1+ 35.71Canara Bank P1+ 11.89Andhra Bank Ltd F1+(IND) 10.88ICICI Bank Ltd. A1+ 8.70IDBI Bank Ltd A1+ 5.11HDFC Bank Ltd. PR1+ 5.10Punjab & Sindh Bank Ltd A1+ 5.09Dena Bank F1+(IND) 3.40Federal Bank Ltd. P1+ 3.40State Bank of Patiala A1+ 1.70State Bank of Travancore P1+ 1.70UCO Bank P1+ 1.70Bank of Baroda A1+ 1.70Corporation Bank P1+ 1.70

Grand Total 100.00

CBLO Total 1.21

Certificate of Deposit Total 97.78Net Current Asset 1.01

Fund featuresNature : DebtAverage AUM : ̀ 3,065.25 CroreFund Manager : Anupam Joshi Investment objective : Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style : The Scheme aims to invest in highly rated money market instruments including floating rate instruments with short term benchmarks. The Scheme seeks to generate returns predominantly through accrual income.Ideal investment horizon : 1 day or moreEntry Load : NilExit Load : Plan A, Plan B & Plan F: Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed / switched out within 60 days from the date of allotment. (w.e.f. August 9, 2010)Options available : Growth, Dividend & Dividend Sweep Minimum investment amount : ̀ 5000 and in multiples of ̀ 1 in plan A (Regular Plan), ` 1 Crore and in multiplies of `1 in plan B (institutional Plan),` 5000 and in multiples of `1 in plan F.Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000 (Plan A)Inception Date : 9 August 2004Statistical Measures : Standard deviation 0.12%Modified Duration 128.51 DaysDividend frequency : Daily, weekly (with reinvest facility in both plan A & plan B), Monthly, Quarterly & Annual. Last 3 Dividends (`/ unit) : Date Nav freq. Others I & HIDFC-MMF-IP Plan A30-Jul-10 10.0150 Daily 0.00050228 0.0005389229-Jul-10 10.0150 Daily 0.00027958 0.0003000128-Jul-10 10.0150 Daily 0.00020127 0.0002159616-Jul-10 10.0130 Weekly 0.0077 0.008323-Jul-10 10.0130 Weekly 0.0072 0.007730-Jul-10 10.0130 Weekly 0.0041 0.004430-Jul-10 10.0434 Monthly 0.0291 0.031330-Jun-10 10.2212 Quarterly 0.0860 0.092231-Mar-10 10.2022 Quarterly 0.0916 0.098530-Mar-09 10.5505 Annual 0.4158 0.4467IDFC-MMF-IP Plan B30-Jul-10 10.0150 Daily 0.00060932 0.0006537729-Jul-10 10.0150 Daily 0.00039183 0.0004204128-Jul-10 10.0150 Daily 0.00030676 0.0003291416-Jul-10 10.0177 Weekly 0.0083 0.008923-Jul-10 10.0177 Weekly 0.0079 0.008430-Jul-10 10.0177 Weekly 0.0048 0.005230-Jul-10 10.0092 Monthly 0.0251 0.0269

NAV (`) :Plan A Growth 14.2935Plan A Dividend Quarterly 10.2575Plan A Dividend Annual 11.2489Plan A Dividend Monthly 10.0434Plan A Dividend Daily 10.0150Plan A Dividend Weekly 10.0130Plan B Growth 14.5761Plan B Dividend Weekly 10.0177Plan B Dividend Daily 10.0150Plan B Dividend Monthly 10.0092Plan F Growth 10.2057Plan F Dividend -Face Value (` / unit) : 10Fund Manager's comment The scheme is invested in certificate of deposits in line with its objectives.Benchmark : NSE MIBOR INDEX

Asset Allocation

Fund performance IDFC-MMF-IP Growth


2

3

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Since

Allotment

CAGR Last 3 Years

(Annualised)30 Days

(Annualised)15 Days

(Annualised)7 Days

CAGR Last 5 Years

18/02/2003IDFC-MMF-IP - Growth NSE MIBOR


1

Morningstar Rating

Rating & Rankings 2.55%

3.68%4.31%

4.89%

5.84%6.51% 6.32% 6.16%6.29%

5.59% 5.69%

3.88%

4.94%5.71% 6.01% 5.86%

23



3 CBLO 3.38%

IDFC Government Securities Fund - Investment Plan(IDFC-GSF-IP)An Open Ended - Dedicated Gilt Fund


Portfolio


CBLO 3.38

7.80% GOI MD 03/05/2020 SOV 95.80

Grand Total 100.00

CBLO TOTAL 3.38



Fund features

Nature : DebtAverage AUM : ̀ 8.94 CroreFund Manager : Arjun Parthasarthy Investment objective : IDFC – GSF -IP is an open-ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized.Investment Style : The Scheme proposes to invest only in government securities with the aim of generating stable medium-term returns.Ideal investment horizon : 1 year or more Entry Load : NilExit Load : IDFC-GSF - IP : Plan A & Plan B : 1.00% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 365 days from the date of effecting such purchase/switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (w.e.f. August 24, 2009)Options available : Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : ̀ 5000 and in multiples of ̀ 1 in Plan A (Regular Plan), ` 25 Lakh and in multiples of ̀ 1 in Plan B (Institutional Plan). (w.e.f. July 6, 2009)Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000 (Plan A)Inception Date : 9 March 2002Statistical Measures : Standard deviation 2.13%Modified Duration 6.34 YearsDividend frequency : Quarterly / Half yearly / Yearly. Last 3 Dividends (` / unit) : Date NAV Freq. Others I & H

IDFC-GSF-IP Plan A29-Sep-09 10.7372 Half Yearly 0.3769 0.404930-Jun-09 10.5064 Quarterly 0.3098 0.332930-Mar-09 10.4055 Quarterly 0.3098 0.332908-Dec-08 11.1693 Quarterly 0.6522 0.700830-Mar-09 10.7886 Half Yearly 0.6196 0.665730-Mar-09 11.0733 Annual 0.8479 0.911030-Sep-08 10.4494 Half Yearly 0.3261 0.350424-Mar-08 10.7722 Annual 0.4076 0.4380IDFC-GSF-IP Plan B30-Jun-09 10.1637 0.0815 0.0876

NAV (`) :Plan A Growth 17.5596Plan A Dividend Quarterly 10.5310Plan A Dividend Half Yearly 10.8467Plan A Dividend Annual 11.6121Plan B Growth 10.2465Plan B Dividend 10.2427Face Value (` / unit) : 10Benchmark : ISEC Composite INDEXFund manager's commentThe funds are positioned in the segment of the yield curve where returns will be optimum.

Asset Allocation

Fund performance IDFC-GSF-IP Growth


1

2

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years


09/03/2002IDFC-GSF-IP - Growth ISCI


3

8.57%7.30%

-0.34%

6.79% 6.93%

4.15%

11.83%

7.80%7.20%

1 CBLO 14.29%


3 Treasury Bills 85.15%

Portfolio


CBLO 14.29

91 Days Tbill MD 17-09-2010 SOV 85.15

Grand Total 100.00

CBLO Total 14.29

Treasury Bills Total 85.15


IDFC Government Securities Fund - Short Term Plan(IDFC-GSF-ST)An Open Ended - Dedicated Gilt Fund

Fund features

Nature : DebtAverage AUM : 0.71CroreFund Manager : Arjun Parthasarthy Investment objective : IDFC – GSF-ST is an open-ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities.

Investment Style : The Scheme proposes to invest only in government securities with the aim of generating stable medium-term returns.Ideal investment horizon : 1 day or more Entry Load : NilExit Load : IDFC-GSF - ST Plan A & Plan B: 0.25% of NAV on investors who purchase / switch in and seek to redeem / switch out such units within 30 days from the date of effecting such purchase / switch in. Investors opting for PEP/Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (w.e.f. August 24, 2009)Options available : Minimum investment amount : 5000 and in multiples of 1 in Plan A (Regular Plan), 25 Lakh and in multiples of 1 in Plan B (Institutional Plan) (w.e.f. July 6, 2009)

Additional investment amount : 1SIP (minimum amount) : 1000 (Plan A)Inception Date : 9 March 2002Statistical Measures : Standard deviation 0.87%Modified Duration 0.11 YearsDividend frequency : Quarterly /Monthly Last 3 Dividends : Date NAV Freq. Others I & HIDFC-GSF-ST Plan A

30-Jul-10 10.0164 Monthly 0.0404 0.0434

IDFC-GSF-ST Plan B

31-Jul-09 10.0086 Weekly 0.0025 0.0027

NAV ( ) :Plan A Growth 13.9771Plan A Dividend Monthly 10.0164Plan A Dividend Quarterly 10.1436

Face Value ( / unit) : 10Fund manager’s comment : The fund has a good mix of short dated treasury bills and overnight money markets to reduce volatility. Benchmark : ISEC Composite INDEX

`

However there is no assurance that the investment objective of the scheme will be realized.

Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)` `

` `

`

`

(` / unit)

07-Aug-09 10.0084 Weekly 0.0022 0.002431-Jul-09 10.0084 Weekly 0.0025 0.002724-Jul-09 10.0084 Weekly 0.0014 0.0015

30-Jun-10 10.0939 Quarterly 0.0398 0.042731-Mar-10 10.0474 Quarterly 0.0381 0.0409

21-Aug-09 10.0086 Weekly 0.0023 0.002514-Aug-09 10.0086 Weekly 0.0017 0.0018

31-Mar-10 10.0637 Quarterly 0.0381 0.040931-Dec-09 10.0619 Quarterly 0.0174 0.0187

`

Plan A Dividend Weekly -Plan B Growth -Plan B Dividend Weekly -Plan B Dividend Quarterly -

`


Asset Allocation

Fund performance IDFC-GSF-ST Growth


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years

CAGR Last 5 Years


09/03/2002IDFC-GSF-ST - Growth ISCI


24

1

23

2.48%3.16% 2.61%

3.42%4.07%4.15%

11.83%

7.80% 7.20%

1 Treasury Bills 18.25%



4 CBLO 7.35%

Portfolio % of

Name Rating NAV

CBLO 7.35

7.80% GOI MD 03/05/2020 SOV 73.48

91 Days Tbill MD 17-09-2010 SOV 18.25

Grand Total 100.00

CBLO Total 7.35


Treasury Bills Total 18.25Net Current Asset 0.92

IDFC Government Securities Fund - Provident Fund Plan(IDFC-GSF-PF)An Open Ended - Dedicated Gilt Fund

Fund features

Nature : DebtAverage AUM : 27.37 CroreFund Manager : Arjun Parthasarthy Investment objective : Seek to generate optimal returns with high liquidity by investing in Government Securities.

Investment Style : The Scheme propose to invest only in government securities with the aim of generating stable medium-term returns.Ideal investment horizon : 1 year or moreEntry Load : NilExit Load : IDFC- GSF- PF Plan A & Plan B : Exit load of 1.00% of NAV shall be applicable in case of investors who redeem / switch out such investments within 365 days such from the date of effecting such purchase / switch. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load.Options available : Minimum investment amount : 5000 and in multiples of 1 in plan A (Regular Plan), 25,00,000 and in multiplies of 1 in plan B (institutional Plan).

(w.e.f. July 6, 2009)Additional investment amount : 1SIP (minimum amount) : 1000(Plan A)Inception Date : 29 March 2004Statistical Measures : Standard deviation 2.30%Modified Duration 4.89 yearsDividend frequency : Quarterly / Yearly Last 3 Dividends : Date NAV Freq. Others I & HIDFC-GSF-PF Plan A

30-Jun-09 10.6523 Quarterly 0.3995 0.4292

IDFC-GSF-PF Plan B

31-Dec-09 10.677429-Sep-09 10.6726 Quarterly 0.0004 0.0004

NAV ( ) :Plan A Growth 14.8882Plan A Dividend Quarterly 10.7334Plan A Dividend Annual 11.0893Plan B Growth 15.0309Plan B Dividend Quarterly 10.6267Face Value ( / unit) : 10Fund Manager's comment :The funds are positioned in the segment of the yield curve where returns will be optimum. Benchmark : ISEC Composite Index

`

However there is no assurance that the investment objective of the scheme will be realized.

Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009) ` `

` `

`

`

(`/ unit)

30-Jun-10 10.8219 Quarterly 0.0711 0.0762

31-Mar-10 10.8981 Annual 0.5196 0.5582

30-Jun-10 10.7103 Quarterly 0.2217 0.2379Quarterly 0.0049 0.0053

`

`


Asset Allocation

Fund performance IDFC-GSF-PF Growth


CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years


29/03/2004IDFC-GSF-PF - Growth ISCI


CAGR Last 5 Years

25

1

Morningstar Rating

Rating & Rankings


2

34

1.41%

10.36%

8.89%7.87%

6.48%

4.15%

11.83%

7.80%7.20%

5.94%

26

IDFC All Seasons Bond Fund(IDFC-ASBF)An Open - Ended Fund of Funds Scheme


1 Mutual Fund Units 96.58%


3 CBLO 5.55%

Portfolio


CBLO 5.55

IDFC - SSIF - Medium Term - Growth Option 35.60

IDFC - SSIF - Investment Plan - Growth Option 34.93

IDFC - SSIF - Short Term - Growth 15.73

IDFC-Money Manager Fund-Investment Plan-Inst Plan B-Growth 10.31

Grand Total 100.00

CBLO Total 5.55

Mutual Fund Units Total 96.58


Fund features

Nature : DebtAverage AUM : ̀ 7.52 CroreFund Manager : Arjun Parthasarthy Investment objective : Seek to generate optimal returns with high liquidity by active management of the portfolio, by investing predominantly in debt oriented mutual fund schemes and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.Investment Style : The Scheme aims to actively manage the interest rate environment by allocating funds to various fixed income schemes based on the interest rate outlook.Ideal investment horizon : 1 year or moreEntry Load : NilExit Load : IDFC-ASBF - Plan A : 0.75% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 365 days from the date of effecting such purchase/switch in Plan A. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (w.e.f. August 24, 2009)Options available : Growth, Dividend & Dividend Sweep (w.e.f. 16-Nov-2009)Minimum investment amount : ̀ 5,000 and in multiples of ̀ 1 in plan A (Regular Plan).Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000Inception Date : 13 September 2004Statistical Measures : Standard deviation 1.82%Dividend frequency : Quarterly, Half Yearly & AnnualLast 3 Dividends (`/ unit) : Date Nav Freq. Others I & HIDFC-ASBF Plan A29-Sep-09 10.8681 Half Yearly 0.3930 0.422330-Jun-10 11.2512 Quarterly 0.0002 0.000330-Jun-09 10.9623 Quarterly 0.2446 0.262830-Mar-09 10.7592 Quarterly 0.2446 0.262830-Mar-09 10.8909 Half Yearly 0.3424 0.367931-Mar-10 10.8858 Half Yearly 0.1126 0.121030-Mar-09 10.9681 Annual 0.4076 0.4380

Nav (`) :Plan A Growth 14.8868Plan A Dividend Quarterly 11.2189Plan A Dividend Half Yearly 11.0317Plan A Dividend Annual 11.7500Face Value (` / unit) : 10Fund Manager's comment The fund is invested in across duration products to maximize accrual and minimize impact of interest rate movements. Benchmark : Crisil Composite Bond Fund Index (CCBFI)

Asset Allocation

Fund performance under the IDFC-ASBF-Growth


1

2

CAGR Last 1 Year

CAGR Last 2 Years

CAGR Last 3 Years


13/09/2004IDFC-ASBF - Growth CCBFI


CAGR Last 5 Years

3

2.28%

8.39%7.99%

7.39% 7.00%

4.61%

8.05%

6.15%5.54% 5.45%

27

IDFC ASSET ALLOCATION FUND - Aggressive Plan(IDFC-AAF-AP)An Open - Ended Fund of Funds Scheme


1 GOLD ETF 9.54%

2 Mutual Fund Units - Equity 45.35%

3 Mutual Fund Units - Debt 44.85%


5 CBLO 1.25%

Portfolio


CBLO 1.25

Gold Benchmark Exchange Traded Scheme (Gold BEES) 9.54

IDFC Small & Midcap Equity (SME) Fund - Growth 21.23

IDFC Imperial Equity Fund-Plan A - Growth 19.82

IDFC Saving Advantage Fund - Plan B - Growth 17.02

IDFC Super Saver Income Fund- MT-Plan C Growth 10.58

IDFC Super Saver Income Fund - Short Term - Plan E - Growth 8.42

IDFC Super Saver Income Fund- IP-Plan F Growth 4.78

IDFC 50-50 Strategic Sector Fund - Plan A - Growth 4.30

IDFC Money Manager Fund - Investment Plan - Plan C - Growth 4.06

Grand Total 100.00

CBLO Total 1.25

GOLD ETF Total 9.54



Fund features

Nature : Fund of FundAverage AUM : ̀ 141.66 CroreFund Manager : Mr. Ashwin PatniInvestment objective : The primary objective of Scheme is to generate capital appreciation through investment in different Mutual Funds schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. Investment Style : IDFC Asset Allocation (AA) Fund aims to generate capital appreciation through investments in different mutual fund schemes based on a defined asset allocation model. The fund offers 3 different plans with different asset allocations linked to the targeted risk profiles for investors. Conservative plan offers the lowest risk profile followed by Moderate plan. Aggressive plan offers the highest risk profile amongst the 3 plans.

Asset allocation allows investors to improve their risk adjusted returns as different asset classes such as equity, fixed income and commodities offer lower correlations with each other. The scheme will be a Fund of Fund scheme that can invest in a mix of ETFs, domestic and offshore Mutual Fund schemes. FoFs give fund manager the flexibility of tailoring portfolios by participating in funds with different styles within each asset class and to easily switch styles depending on the view of the markets.Ideal investment horizon : 1 year or moreEntry Load : NilExit Load : IDFC-AAF -AP (for all plans) : 1.50% of the NAV shall be applicable if investor who redeem/ switch out such investment within 18 months from the date of subscription applying First in First out basis, (including investment s through SIP/STP). Switches between plans (within the scheme) shall not attract load. The exit load/ CDSC of up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC shall be credited to the respective scheme immediately Options available : Growth, Dividend (payout & reinvestment) Minimum investment amount : Purchase (non SIP) ̀ 5,000/- & in multiples of ̀ 1/- for purchases and in multiples of ̀ 0.01 for switches. Additional ongoing purchase (Non SIP) `1,000/- and in multiples of ̀ 1/- thereafter SIP purchase - ̀ 1,000/- (subject to minimum of 6 installments of ̀ 1,000/- each).Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000Inception Date : 11 February 2010Dividend frequency : Such other frequency as decided from time to timeLast 3 Dividends (`/ unit) : Date Nav Others I & H

01-Jun-10 10.3584 0.0489 0.0526

Nav (`) :Growth 10.7594Dividend 10.6925Face Value (`/ unit) : 10Fund Manager's comment Equity allocation was divided into large-cap (IDFC imperial equity fund and IDFC Strategic Sector 50-50 Fund) and Small and Midcap (IDFC SME Fund). On the debt side, allocation for longer duration funds have been increased while retaining an overall cautious positioning. The alternate allocation was made to Gold ETF.Benchmark : Crisil Balanced Fund Index

Asset Allocation

Fund performance under the IDFC-AAF-AP-Growth


1

2

IDFC-AAF-AP - Growth Crisil Balanced Fund Index

3

4

1 Month (Absolute) Since Allotment (Absolute)

11/02/2010

2 Months (Absolute)

5

3 Months (Absolute)

0.44%

2.79% 2.47%

7.59%

0.69%

3.75%

1.50%

8.30%

28

IDFC ASSET ALLOCATION FUND - Conservative Plan(IDFC-AAF-CP)An Open - Ended Fund of Funds Scheme


1 Mutual Fund Units - Equity 10.16%

2 Mutual Fund Units - Debt 89.52%


4 CBLO 0.45%

Portfolio


CBLO 0.45


IDFC-Money Manager Fund-Treasury Plan E-Growth 11.94







IDFC CF-Plan C-Growth 4.11


Grand Total 100.00

CBLO Total 0.45



Fund features


Asset allocation allows investors to improve their risk adjusted returns as different asset classes such as equity, fixed income and commodities offer lower correlations with each other. The scheme will be a Fund of Fund scheme that can invest in a mix of ETFs, domestic and offshore Mutual Fund schemes. FoFs give fund manager the flexibility of tailoring portfolios by participating in funds with different styles within each asset class and to easily switch styles depending on the view of the markets.Ideal investment horizon : 1 year or moreEntry Load : NilExit Load : IDFC-AAF -CP (for all plans) : 1.50% of the NAV shall be applicable if investor who redeem/ switch out such investment within 18 months from the date of subscription applying First in First out basis, (including investment s through SIP/STP). Switches between plans (within the scheme) shall not attract load. The exit load/ CDSC of up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC shall be credited to the respective scheme immediately Options available : Growth, Dividend (payout & reinvestment) Minimum investment amount : Purchase (non SIP) ̀ 5,000/- & in multiples of ̀ 1/- for purchases and in multiples of ̀ 0.01 for switches. Additional ongoing purchase (Non SIP) – ̀ 1,000/- and in multiples of ̀ 1/- thereafter SIP purchase - ̀ 1,000/- (subject to minimum of 6 installments of ̀ 1,000/- each).Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000Inception Date : 11 February 2010Dividend frequency : Such other frequency as decided from time to timeLast 3 Dividends (`/ unit) : Date Nav Others I & H

12-Jul-10 10.2613 0.0164 0.017601-Jun-10 10.1700 0.0163 0.0175

Nav (`) :Growth 10.3131Dividend 10.2738Face Value (` / unit) : 10Fund Manager's comment Equity allocation was divided into large-cap (IDFC imperial equity fund and IDFC Strategic Sector 50-50 Fund) and Small and Midcap (IDFC SME Fund). On the debt side, allocation for longer duration funds have been increased while retaining an overall cautious positioning. The alternate allocation was made to Gold ETF.Benchmark : Crisil MIP Blended Index

Asset Allocation

Fund performance under the IDFC-AAF-CP-Growth


1

2

IDFC-AAF - CP - Growth Crisil MIP Blended Index

3


11/02/2010

2 Months (Absolute)

4

3 Months (Absolute)

3.13%

1.17%1.08%

0.34%

4.01%

1.03%1.18%

0.17%

29

IDFC ASSET ALLOCATION FUND - Moderate Plan(IDFC-AAF-MP)An Open - Ended Fund of Funds Scheme


1 GOLD ETF 4.87%

2 Mutual Fund Units- Equity 25.69%

3 Mutual Fund Units- Debt 71.21%


5 CBLO 1.32%

Portfolio


CBLO 1.32

Gold Benchmark Exchange Traded Scheme (Gold BEES) 4.87










Grand Total 100.00

CBLO Total 1.32

GOLD ETF Total 4.87


Fund features


Asset allocation allows investors to improve their risk adjusted returns as different asset classes such as equity, fixed income and commodities offer lower correlations with each other. The scheme will be a Fund of Fund scheme that can invest in a mix of ETFs, domestic and offshore Mutual Fund schemes. FoFs give fund manager the flexibility of tailoring portfolios by participating in funds with different styles within each asset class and to easily switch styles depending on the view of the markets.Ideal investment horizon : 1 year or moreEntry Load : NilExit Load : IDFC-AAF -MP (for all plans) : 1.50% of the NAV shall be applicable if investor who redeem/ switch out such investment within 18 months from the date of subscription applying First in First out basis, (including investment s through SIP/STP). Switches between plans (within the scheme) shall not attract load. The exit load/ CDSC of up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC shall be credited to the respective scheme immediately Options available : Growth, Dividend (payout & reinvestment) Minimum investment amount : Purchase (non SIP) ̀ 5,000/- & in multiples of ̀ 1/- for purchases and in multiples of ̀ 0.01 for switches. Additional ongoing purchase (Non SIP) – `1,000/- and in multiples of ̀ 1/- thereafter SIP purchase - ̀ 1,000/- (subject to minimum of 6 installments of ̀ 1,000/- each).Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000Inception Date : 11 February 2010Dividend frequency : Such other frequency as decided from time to timeLast 3 Dividends (`/ unit) : Date Nav Others I & H

01-Jun-10 10.2669 0.0326 0.0350

Nav (`) :Growth 10.5162Dividend 10.4748Face Value (` / unit) : 10Fund Manager's comment Equity allocation was divided into large-cap (IDFC imperial equity fund and IDFC Strategic Sector 50-50 Fund) and Small and Midcap (IDFC SME Fund). On the debt side, allocation for longer duration funds have been increased while retaining an overall cautious positioning. The alternate allocation was made to Gold ETF.Benchmark : Crisil MIP Blended Index

Asset Allocation

Fund performance under the IDFC-AAF-MP-Growth


1

2

3

IDFC-AAF - MP - Growth Crisil MIP Blended Index


11/02/2010

4

2 Months (Absolute) 3 Months (Absolute)

5

0.33%

1.76% 1.76%

5.16%

0.17%

1.18% 1.03%

4.01%

30

IDFC Monthly Income Plan(IDFC-MIP)An Open - Ended Fund of Funds Scheme


1 Mutual Fund Units- Equity 21.87%

2 Mutual Fund Units- Debt 78.24%


4 CBLO 0.07%

Portfolio


CBLO 0.07










Grand Total 100.00

CBLO Total 0.07



Fund features

Nature : Fund of FundAverage AUM : ̀ 272.38 CroreFund Manager : Mr. Ashwin PatniInvestment objective : The primary objective of Scheme is to generate regular returns through investment primarily in debt oriented Mutual Fund schemes (such as Income and Liquid funds). The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity oriented MF schemes.

Monthly Income is not assured and the same is subject to availability of distributable surplus Investment Style : The scheme will be a fund of fund that will combine the benefits of asset allocation and diversification in a single product. The fund of fund approach allows the fund manager to participate in funds with different styles within various funds available for investments.Ideal investment horizon : - 1 year or moreEntry Load : NilExit Load : IDFC-MIP - 1.00% of the NAV shall be applicable if investors who redeem / switch out such investments within 365 days from the date of subscription applying First in First Out basis, (including investments through SIP/STP). No load shall be applicable for switches between options of the schemes.The exit load/ CDSC of up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC shall be credited to the respective scheme immediately The Trustee / AMC reserves the right to introduce a Load and change the Load structure if they so deem fit.Options available : Growth, Dividend (payout, reinvestment and auto sweep) Minimum investment amount : ̀ 5,000/- & in multiples of ̀ 1/- for purchases and inmultiples of ̀ 0.01 for switches. Additional ongoing purchase (Non SIP) – ̀ 1,000/- and in multiples of ̀ 1/- thereafter SIP purchase - ̀ 1,000/- (subject to minimum of 6 installments of ̀ 1,000/- each).Additional investment amount : ̀ 1SIP (minimum amount) : ̀ 1000Inception Date : 25 February 2010Dividend frequency : Monthly and such other frequency as decided form time to time.Last 3 Dividends (`/ unit) : Date Nav Others I & H

05-Jul-10 10.2600 0.0327 0.0351

01-Jun-10 10.1653 0.0326 0.0350

Nav (`) :Growth 10.4100Dividend 10.3282Face Value (`/ unit) : 10Fund Manager's comment The fund had an equity allocation of 21-22% during the month. The allocation was divided into large-cap (IDFC imperial equity fund and IDFC Strategic Sector 50-50 Fund) and Small and Midcap (IDFC SME Fund). On the debt side, allocation for longer duration funds have been increased while retaining an overall cautious positioning.Benchmark : Crisil MIP Blended Index

Asset Allocation

Fund performance under the IDFC-MIP-Growth


1

2

IDFC-MIP - Growth Crisil MIP Blended Index


25/02/2010

3

2 Months (Absolute)

4

3 Months (Absolute)

4.10%

1.43%1.69%

0.50%

3.71%

1.03%1.18%

0.17%

31


Portfolio

Market Value % of Name (in Lacks) NAV

Mahindra & Mahindra Ltd. 6.61 0.18Tata Motors Ltd. 5.32 0.14Hero Honda Motors Ltd. 3.85 0.10Maruti Suzuki India Ltd. 3.70 0.10

ICICI Bank Ltd. 24.16 0.64HDFC Bank Ltd. 18.74 0.50State Bank of India 15.37 0.41Axis Bank Limited 7.94 0.21Punjab National Bank 3.39 0.09Kotak Mahindra Bank Ltd. 2.89 0.08

Jaiprakash Associates Ltd. 3.20 0.09Ambuja Cements Limited 2.22 0.06ACC Ltd 1.91 0.05

Unitech Ltd. 2.55 0.07DLF Limited 2.50 0.07


ITC Ltd 18.79 0.50

Hindustan UniLever Ltd. 6.35 0.17

Tata Steel Ltd. 7.73 0.21Jindal Steel & Power Ltd. 5.76 0.15Steel Authority of India Ltd. 2.80 0.07

Housing Development Finance Cor Ltd 18.03 0.48Infrastructure Development Finance Company Ltd. 3.97 0.11Reliance Capital Ltd. 2.11 0.06

GAIL (India) Ltd. 4.46 0.12

Bharat Heavy Electricals Ltd. 9.14 0.24Siemens Ltd. 2.52 0.07ABB Ltd 1.98 0.05Suzlon Energy Ltd. 0.97 0.03

Sterlite Industries Ltd. 6.76 0.18Hindalco Industries Ltd. 4.67 0.12

Oil & Natural Gas Corporation Ltd. 9.98 0.27Cairn India Limited 3.46 0.09

Reliance Industries Ltd. 42.21 1.12Bharat Petroleum Corporation Ltd. 1.97 0.05

Cipla Ltd. 3.92 0.10Sun Pharmaceutical Industries Ltd. 3.18 0.08Ranbaxy Laboratories Ltd. 1.63 0.04

Tata Power Co. Ltd. 5.22 0.14NTPC Ltd. 4.02 0.11Reliance Infrastructure Limited 3.54 0.09Reliance Power Limited 1.36 0.04Power Grid Corporation Ltd. 1.32 0.04

Infosys Technologies Ltd. 31.87 0.85Tata Consultancy Services Ltd. 10.02 0.27Wipro Ltd. 4.88 0.13HCL Technologies Ltd. 2.00 0.05

Bharti Airtel Ltd. 8.80 0.23Reliance Communications Ltd 2.84 0.08Idea Cellular Limited 2.68 0.07

Grand Total 3757.76 100.00







Diversified Total 6.35 0.17



Gas Total 4.46 0.12


Non - Ferrous Metals Total 11.43 0.30

Oil Total 13.43 0.36





Telecom - Services Total 14.32 0.38Corporate Debentures Total 2501.16 66.56Mutual Fund Units Total 190.84 5.08Zero Coupon Bonds Total 531.43 14.14Net Current Asset 163.19 4.34

Fund features

Nature : DebtAverage AUM : ̀ 35.66 CroreFund Manager : Mr. Ashwin PatniInvestment objective : The scheme endeavors to generate income by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. There can be no assurance that the investment objective of the scheme will be realised.Investment Style : It will follow a passive investment style on both debt and equity. The debt portfolio has been constructed such that it matures around the maturity date of the portfolio. Initial equity allocation was within 10% of AUM.Entry Load : Nil Exit Load : NilOptions available : Growth, Dividend Minimum investment amount : `5,000/- per application and in multiples of `10/- thereafter.Inception Date : 31 March, 2010Nav (`) :Growth 10.0896Dividend 10.0902Face Value (`/ unit) : 10Asset allocation (equity / debt / cash ) : 9.88% /85.78% /4.34%

Benchmark : Crisil MIP Blended Index

Asset Allocation

IDFC HYBRID PORTFOLIO FUND - SERIES I(IDFC-HPF-S-I) A Close - Ended Debt Scheme

1.93%

1.30%1.18%

0.69%0.64%0.52%0.50%

0.43%0.41%0.39%0.38%0.36%0.23%0.19%0.17%0.13%0.12%

0.30%

Banks

Softw

are

Petr

ole

um

Pro

duct

s

Const

ruct

ion

Pro

ject

Fin

ance

Auto

Consu

mer

Non

Dura

ble

s

Ferr

ous

Meta

ls

Pow

er

Indust

rial C

apita

lG

oods

Tele

com

-S

erv

ices

Oil

Non -

Ferr

ous

Meta

ls

Pharm

ace

utic

als

Cem

ent

Div

ers

ified

Const

ruct

ion

Gas

Fund performance


under the IDFC-HPF-S- I - Growth

IDFC-HPF-S- I - Growth CMBI

Since Inception (Absolute)3 Months (Absolute)

0.18%

0.90%

0.72%

1.86%

1.03%

0.17%

1 Months (Absolute)

32


Portfolio





Unitech Ltd. 14.13 0.10DLF Limited 13.87 0.10


ITC LTD 106.44 0.74










Tata Power Co. Ltd. 28.90 0.20NTPC Ltd. 22.27 0.16Reliance Infrastructure Limited 20.49 0.14Reliance Power Limited 7.54 0.05Power Grid Corporation Ltd. 7.30 0.05


Bharti Airtel Ltd. 50.06 0.35Idea Cellular Limited 15.81 0.11Reliance Communications Ltd 15.72 0.11

Grand Total 14299.63 100.00










Gas Total 25.54 0.18








Telecom - Services Total 81.59 0.57Corporate Debentures Total 11675.56 81.65Mutual Fund Units Total 100.48 0.70Net Current Asset 467.40 3.27

Fund features

Nature : DebtAverage AUM `

Fund Manager : Mr. Ashwin PatniInvestment objective : The scheme endeavours to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. However, there can be no assurance that the investment objective of the scheme will be realized.Investment Style : It will follow a passive investment style on both debt and equity. The debt portfolio has been constructed such that it matures around the maturity date of the portfolio and is of the highest credit quality (AAA rated). Initial equity allocation was within 15% of AUM.Entry Load : NilExit Load : NilOptions available : Growth, Dividend Minimum investment amount : `5000/- per application and in multiples of `10/- thereafter.Inception Date : 31 March, 2010Nav (`) :Growth 10.1077Dividend 10.1077Face Value (` / unit) : 10Asset allocation (equity / debt / cash ) : 14.38% /82.35% /3.27%


: 142.58 Crore

IDFC CAPITAL PROTECTION ORIENTED FUND - SERIES I(IDFC- CPOF - Series I) A three year close - ended scheme

Asset Allocation

2.77%

1.67%

1.00%0.94%0.76%0.74%

0.63%0.60%0.57%0.57%0.52%0.34%0.28%0.25%0.20%0.18%

1.90%

0.46%

Banks

Softw

are

Petr

ole

um

P

roduct

s

Const

ruct

ion

Pro

ject

Fin

ance

Auto

Consu

mer

Non D

ura

ble

s

Ferr

ous

Meta

ls

Pow

er

Tele

com

-

Serv

ices

Indust

rial

Capita

l Goods

Oil

Non -

Ferr

ous

Meta

ls

Pharm

ace

utic

als

Cem

en

t

Div

ers

ified

Const

ruct

ion

Gas

Fund performance


under the IDFC-CPOF - Series I - Growth

IDFC- - GrowthCPOF - Series I CMBI

Since Inception (Absolute)3 Months (Absolute)

-0.38%

0.01%

1.08%

0.17%

1.03%

1.86%

1 Months (Absolute)


Portfolio





DLF Limited 3.54 0.09Unitech Ltd. 3.52 0.09


ITC LTD 26.08 0.69










NTPC Ltd. 8.21 0.22Tata Power Co. Ltd. 6.95 0.18Reliance Infrastructure Limited 5.02 0.13Reliance Power Limited 1.93 0.05Power Grid Corporation Ltd. 1.86 0.05


Bharti Airtel Ltd. 12.14 0.32Reliance Communications Ltd 3.87 0.10Idea Cellular Limited 1.80 0.05

Grand Total 3766.09 100.00










Gas Total 6.36 0.17








Telecom - Services Total 17.81 0.47Corporate Debentures Total 3074.76 81.64Call / Reverse Repo/ CBLO Total 120.02 3.19Net Current Asset 69.23 1.84

Fund features

Nature : DebtAverage AUM `

Fund Manager : Mr. Ashwin PatniInvestment objective : The scheme endeavours to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. However, there can be no assurance that the investment objective of the scheme will be realized.Investment Style : It will follow a passive investment style on both debt and equity. The debt portfolio has been constructed such that it matures around the maturity date of the portfolio and is of the highest credit quality (AAA rated). Initial equity allocation was within 15% of AUM.Entry Load : NilExit Load : NilOptions available : Growth, Dividend Minimum investment amount : `5000/- per application and in multiples of `10/- thereafter.Inception Date : 10 July 2010Nav (`) :Growth 9.9690Dividend 9.9690Face Value (` / unit) : 10Asset allocation (equity / debt / cash ) : 13.33% /84.83% /1.84%


: 26.02 Crore

IDFC CAPITAL PROTECTION ORIENTED FUND - SERIES II(IDFC- CPOF - Series II) A three year close - ended scheme

Asset AllocationFund performance


under the IDFC-CPOF - Series II - Growth

Since Inception (Absolute)

2.58%

1.54%

0.89%0.81%0.75%0.69%0.64%0.59%0.53%0.48%0.47%

0.31%0.27%0.23%0.19%0.17%

1.77%

0.42%

Banks

Softw

are

Petr

ole

um

P

roduct

s

Fin

ance

Const

ruct

ion

P

roje

ct

Auto

Consu

mer

Non D

ura

ble

s

Pow

er

Ferr

ous

Meta

ls

Indust

ria

l C

apita

l Goods

Oil

Tele

com

-

Serv

ices

Non -

Ferr

ous

Meta

ls

Pharm

ace

utic

als

Cem

ent

Div

ers

ified

Const

ruct

ion

Gas

IDFC- - GrowthCPOF - Series II CMBI

-0.31%

-0.02%

(Absolute) Since Allotment 10/07/2010

33

IDFC Fixed Maturity Plan(IDFC-FMP)A Close - Ended Income Scheme

IDFC-FMP - Half Yearly Series - 9(Allotment Date 25 Feb 2010)

Average AUM `588.94 Crores I Date of Maturity 23 Aug 2010


Portfolio Portfolio Contd...

NAV

PLAN ( /Unit*)Plan A - 10.2723Plan A - Dividend 10.0520* Face value per unit = 10/-

(as on 30 July 2010)

`

`

Growth

Sr. Name of Market Value % to Net AssetNo. Instrument (In `Lakh) of the scheme

A Bonds & Debentures of :

B Securitised Debt Instruments

C Money Market Instruments

(I) Private Corporate Bodies - - (II) PSUs - - (III) Banks/FI (including NBFC) 10,000.00 16.94 (IV) Others - -

Sub Total 10,000.00 16.94

(V) Single Loan - - (VI) Pool - -

Sub Total - -

(VII) CPs 7,468.79 12.65 (VIII) CDs 35,978.34 60.94 (IX) T Bills - - (X) CBLOs/Repos 70.02 0.12(XI) Bills Rediscounting/BRDS - - (XII) Others - -

Sub Total 43,517.16 73.70

Net Assets 59,043.53 100.00

D Government Securities - - E Fixed Deposits 5,500.00 9.32 F Cash and Net Current Assets 26.38 0.04G Others (Pls specify) - -

Sr. Name of Market Value % to Net AssetNo. Instrument (In Lakh) of the scheme`

AnnexureA) Bonds & Debentures

Category of Issuer Name of the Issuer Market Value Rating % to Net Assets of (in `lakh) the Scheme

Total - -

Total - -

J M Financial Products Private Ltd. 5,000.00 P1+ 8.47

Total 10,000.00 16.94

Total - -

(I) Private Corporate Bodies

(II) PSUs

(III) Banks/FI (including NBFC)

(IV) Others

Kotak Mahindra Prime Ltd. 5,000.00 P1+ 8.47

B) Securitised Debt InstrumentsSingle Loan

Obligor Originator Trust Details Name of Guarantor / Level of Guarantee Market Value RatingDetails of Underlying Security (as % of Loan) (in Lakh)`

Total Pool

Originator Seller Trust Details Type of Pool Credit enhancement Market Value Rating(as % of Loan) (in Lakh)`

Total

C) Money Market InstrumentsName of Market Value Rating % to

the Schemethe Issuer (in `Lakh) Net Assets of

Total 7,468.79 12.65

Karur Vysya Bank Ltd. 15,438.67 P1+ 26.15State Bank of Hyderabad 13,863.49 A1+ 23.48

ICICI Bank Ltd. 2,491.15 A1+ 4.22

Total 35,978.34 60.94

Total - -

CBLO/Repo Transaction 70.02 0.12Total 70.02 0.12

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos

(XI) Bills Rediscounting/BRDS

(XII) Others

Morgan Stanley (I) Capital Pvt Ltd 4,978.87 F1+(IND) 8.43Kotak Mahindra Prime Ltd. 2,489.93 P1+ 4.22

Dhanalaxmi Bank Ltd 2,988.24 PR1+ 5.06

Federal Bank Ltd. 1,196.80 P1+ 2.03

D) Government SecuritiesDetails of Market Value % to Securities (in Lakh) of the Scheme

Net Assets`

TotalIndusind Bank Limited 5,500.00 9.32Total 5,500.00 9.32

E) Fixed DepositsBank Name Amount % to

of the Scheme(in `Lakh) Net Assets

(V)

(VI)

34

IDFC Fixed Maturity Plan(IDFC-FMP)A Close - Ended Income Scheme

IDFC-FMP - Quarterly Series - 58(Allotment Date 24 June 2010)

Average AUM 112.94 Crores I Date of Maturity 21 Sep 2010 `



NAV

PLAN ( /Unit*)Plan A - 10.0653Plan A - Dividend 10.0653* Face value per unit = 10/-


`

`

Growth





(I) Private Corporate Bodies 1,500.00 13.25 (II) PSUs - - (III) Banks/FI (including NBFC) - - (IV) Others - -

Sub Total 1,500.00 13.25


Sub Total - -

(VII) CPs 3,962.32 34.99 (VIII) CDs 3,770.50 33.30 (IX) T Bills - - (X) CBLOs/Repos 60.02 0.53(XI) Bills Rediscounting/BRDS - - (XII) Others - -

Sub Total 7,792.83 68.82

Net Assets 11,323.56 100.00

D Government Securities - - E Fixed Deposits 2,000.00 17.66 F Cash and Net Current Assets 30.72 0.27G Others (Pls specify) - -




Total 1,500.00 13.25

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others

Kesoram Industries LTD. 1,500.00 PR1+ 13.25



Total Pool


Total



Total 3,962.32 34.99

Export Import Bank of India 2,481.31 AAA 21.91Andhra Bank Ltd 1,289.18 11.38Total 3,770.50 33.30

Total - -


Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Apollo Tyres Ltd 2,476.80 P1+ 21.87Simplex Infrastrutcure Ltd 1,485.52 PR1+ 13.12

F1+(IND)


Net Assets`

TotalCanara Bank 1,000.00 8.83Indusind Bank Ltd. 1,000.00 8.83Total 2,000.00 17.66



(V)

(VI)

35

IDFC Fixed Maturity Plan(IDFC-FMP)A Close - Ended Income Fund

IDFC-FMP - Fourteen Month Series - 1(Allotment Date 17 Mar 2010)

Average AUM 218.29 Crores I Date of Maturity 16 May 2011 `


36


NAV (as on 30 July 2010)

PLAN ( /Unit*)Plan A - Growth 10.2412Plan A - Dividend 10.2412* Face value per unit = 10/-

`

`





(I) Private Corporate Bodies 1,016.75 4.66 (II) PSUs 1,704.45 7.81 (III) Banks/FI (including NBFC) 3,328.29 15.25 (IV) Others - -

Sub Total 6,049.48 27.72

(V) Single Loan 2,570.86 11.78 (VI) Pool - -

Sub Total 2,570.86 11.78

(VII) CPs 4,758.57 21.80 (VIII) CDs 8,321.04 38.12 (IX) T Bills - - (X) CBLOs/Repos 20.01 0.09 (XI) Bills Rediscounting/BRDS - -

Sub Total 13,099.61 60.02

Net Assets 21,826.43 100.00

D Government Securities - - E Fixed Deposits - - F Cash and Net Current Assets 106.47 0.49 G Others - -



Category of Issuer Name of the Issuer Market Value (in `lakh) Rating % to Net Assets of the Scheme

Total 1,016.75 4.66

Total 1,704.45 7.81

Housing Development Finance Cor Ltd. 1,706.25 AAA 7.82

Total 3,328.29 15.25

Total - -


(II) PSUs


(IV) Others

Kesoram Industries LTD. 995.73 CAREAA 4.56Tata Motors Ltd. 21.02 AAA 0.10

LIC Housing Finance Ltd. 1,704.45 AAA 7.81

IDFC Ltd. 1,118.49 AAA 5.12Bajaj Auto Finance Ltd. 503.55 LAA+ 2.31



PoolOriginator Seller Trust Details Type of Pool Credit enhancement Market Value Rating

(as % of Loan) (in Lakh)`

Total



Total 4,758.57 21.80

IDBI Bank Ltd 5,077.82 A1+ 23.26Karnataka Bank Ltd A1+ 14.86Total 8,321.04 38.12

Total - -

CBLO/Repo Transaction 20.01 0.09

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

L&T Finance Ltd 4,758.57 PR1+ 21.80

3,243.23

Total 20.01 0.09


Net Assets`

Total Total



(V)

(VI)

Ministry Of Railways, GOI IRFC Ltd Nova IV Trust - LOCOMOTIVE Lease Agreement for Rolling Stock-Like Locomotive 0.00% 2,570.86 AAA(IND)(SO)

Total 2,570.86


IDFC-FMP - Fifteen Months Series - 3(Allotment Date 23 Sep 2009)

Average AUM 1.43 Crores I Date of Maturity 27 Dec 2010`


37



PLAN ( /Unit*)Plan A - Growth 10.3342Plan A - Dividend 10.3342* Face value per unit = 10/-

`

`





(I) Private Corporate Bodies - - (II) PSUs 10.02 7.01 (III) Banks/FI (including NBFC) - - (IV) Others - -

Sub Total 10.02 7.01


Sub Total - -

(VII) CPs 34.25 23.95 (VIII) CDs 76.10 53.20 (IX) T Bills - - (X) CBLOs/Repos 20.01 13.99(XI) Bills Rediscounting/BRDS - -

(XII) Others - - Sub Total 130.35 91.13

Net Assets 143.04 100.00

D Government Securities - - E Fixed Deposits - - F Cash and Net Current Assets 2.66 1.86 G Others (Pls specify) - -




Total - -

Total 10.02 7.01

Total - -

Total - -


(II) PSUs


(IV) Others

LIC Housing Finance Ltd. 10.02 AAA 7.01

B) Securitised Debt InstrumentsSingle LoanObligor Originator Trust Details Name of Guarantor / Level of Guarantee Market Value Rating

Details of Underlying Security (as % of Loan) (in Lakh)`

PoolOriginator Seller Trust Details Type of Pool Credit enhancement Market Value Rating

(as % of Loan) (in Lakh)`

Total



Total 34.25 23.95

Total 76.10 53.20

Total - -

CBLO/Repo Transaction 20.01 13.99

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Deutsche Postbank Home Finance Ltd 34.25 P1+ 23.95

IDBI Bank Ltd 38.06 P1+ 26.61 Indian Bank 38.03 F1+(IND) 26.59

Total 20.01 13.99


Net Assets`

Total Total



(V)

(VI)

Total


IDFC-FMP - Thirteen Month Series - 5(Allotment Date 30 Mar 2010)

Average AUM 128.10 Crores I Date of Maturity 28 Apr 2011 `


38


NAV

PLAN ( /Unit*)Plan A - Dividend 10.1827Plan A - Growth 10.1827Plan B - Dividend -Plan B - Growth -* Face value per unit = 10/-


`

`





(I) Private Corporate Bodies - - (II) PSUs - - (III) Banks/FI (including NBFC) - - (IV) Others - -

Sub Total - -


Sub Total - -

(VII) CPs - - (VIII) CDs 12,750.61 99.53(IX) T Bills - - (X) CBLOs/Repos 60.02 0.47(XI) Bills Rediscounting/BRDS - - (XII) Others - -

Sub Total 12,810.62 99.99

Net Assets 12,811.43 100.00

D Government Securities - - E Fixed Deposits - - F Cash and Net Current Assets 0.81 0.01G Others (Pls specify) - -




Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others



Total Pool


Total



Total - -

Karnataka Bank Ltd 3,243.23 A1+ 25.32Federal Bank Ltd. 2,377.60 P1+ 18.56

IDBI Bank Ltd. 2,377.60 A1+ 18.56

Total 12,750.61 99.53

Total - -


Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

ICICI Bank Ltd 2,377.60 A1+ 18.56

Kotak Mahindra Bank Ltd. 2,374.58 P1+ 18.53


Net Assets`

Total Total



(V)

(VI)


IDFC-FMP - Seventeen Months Series - 1(Allotment Date 23 Dec 2009)

Average AUM 21.02 Crores I Date of Maturity 22 May 2011`




PLAN ( /Unit*)Plan A - Dividend 10.3160Plan A - Growth 10.3160Plan B - Dividend -Plan B - Growth 10.3365* Face value per unit = 10/-

`

`

Sr. Name of Market Value % to Net AssetNo. Instrument (In `Lakh) of the scheme




(I) Private Corporate Bodies 558.07 26.53 (II) PSUs 277.47 13.19 (III) Banks/FI (including NBFC) 879.54 41.81 (IV) Others - -

Sub Total 1,715.07 81.52

(V) Single Loan 285.65 13.58 (VI) Pool - -

Sub Total 285.65 13.58

(VII) CPs - - (VIII) CDs - - (IX) T Bills - - (X) CBLOs/Repos 70.02 3.33(XI) Bills Rediscounting/BRDS - - (XII) Others - -

Sub Total 70.02 3.33

Net Assets 2,103.75 100.00

D Government Securities - - E Fixed Deposits - - F Cash and Net Current Assets 33.00 1.57G Others (Pls specify) - -




Tata Motors Ltd. 294.32 AAA 13.99 Tata Sons Ltd. 263.75 AAA 12.54Total 558.07 26.53

Total 277.47 13.19

Total 879.54 41.81

Total - -


(II) PSUs


(IV) Others

LIC Housing Finance Ltd. 277.47 AAA 13.19

IDFC Ltd. 303.32 AAA 14.42Kotak Mahindra Prime Ltd. 298.46 LAA 14.19 Housing Development Finance Cor Ltd 277.76 AAA 13.20



Ministry Of Railways, GOI IRFC Ltd Nova IV Trust - LOCOMOTIVE Lease Agreement for Rolling Stock-Like Locomotive 0.00% 285.65 AAA(IND)(SO)

Total 285.65Pool


Total



Total - -

Total - -

Total - -

CBLO/Repo Transaction 70.02 3.33 Total 70.02 3.33

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others


Net Assets`

Total Total



(V)

(VI)

39

Risk Factors

40

Risk Factors: Mutual Funds and securities investments are subject to market risks, reinvestment risk, changes in political, economic environment and government policy and there is no assurance or guarantee that the objectives of the Scheme/s will be achieved. The NAV of the Scheme/s can go up or down depending on factors and forces affecting the Securities Market including fluctuation in interest rates, trading volumes and reinvestment risk. Past performance of the Sponsor/AMC/Mutual Fund is not necessarily indicative of the future performance of the Scheme/s and may not necessarily provide a basis for comparison with other investments. IDFC Classic Equity Fund (IDFC - CEF), IDFC Imperial Equity Fund (IDFC - IEF), IDFC Premier Equity Fund (IDFC - PEF), IDFC Arbitrage Fund (IDFC - AF), IDFC Enterprise Equity Fund (IDFC - EEF),IDFC Tax Saver (ELSS) Fund(IDFC –TS[ELSS]), IDFC Arbitrage Plus Fund (IDFC - APF), IDFC Small & Midcap Equity (SME) Fund (IDFC - SMEF), IDFC Strategic Sector (50-50) Equity Fund IDFC-SS (50-50)-EF, IDFC Tax Advantage (ELSS) Fund (IDFC TA-ELSS), IDFC India GDP Growth Fund (IDFC-IGGF), IDFC Super Saver Income Fund - Investment Plan (IDFC - SSIF-IP), IDFC Dynamic Bond Fund (IDFC - DBF), IDFC Super Saver Income Fund - Medium Term (IDFC-SSIF-MT), IDFC Super Saver Income Fund - Short Term (IDFC-SSIF-ST), IDFC Cash Fund (IDFC-CF), IDFC Ultra short term Fund (IDFC-USTF), IDFC Savings Advantage Fund (IDFC-SAF), IDFC Money Manager Fund - Treasury Plan (IDFC-MMF-TP), IDFC Money Manager Fund - Investment Plan(IDFC – MMF-IP), IDFC Government Securities Fund - Investment Plan (IDFC-GSF-IP), IDFC Government Securities Fund – Short Term Plan (IDFC-GSF-ST), IDFC Government Securities Fund – Provident Fund Plan (IDFC-GSF-PF), IDFC All Seasons Bond Fund (IDFC-ASBF), IDFC Asset Allocation Fund – Aggressive Plan (IDFC-AAF-AP) IDFC Asset Allocation Fund – Conservative Plan (IDFC-AAF-CP), IDFC Asset Allocation Fund – Moderate Plan (IDFC-AAF-MP), IDFC Monthly Income Plan( IDFC MIP), IDFC Nifty Fund (IDFC NF), IDFC Fixed Maturity Plan-Half Yearly Series-9 (IDFC-FMP-HYS-9), IDFC Fixed Maturity Plan Quarterly Series 55 (IDFC-FMP-QS-55), IDFC Fixed Maturity Plan – Fifteen Months Series 3 (IDFC-FMP - FMS-3), IDFC Fixed Maturity Plan – Fourteen Months Series 1 (IDFC-FMP - FMS-1), IDFC Fixed Maturity Plan – Thirteen Months Series 5 (IDFC-FMP - TMS-5), IDFC Fixed Maturity Plan –Seventeen Months Series 1 (IDFC-FMP-SMS-1),IDFC Fixed Maturity Plan- Hybrid Portfolio Fund Series 1 and IDFC Fixed Maturity Plan- Capital Protection Fund Series 1 and are names of the Schemes and do not in any manner indicate either the quality of the Schemes, their future prospects or returns. The Sponsor or any of its associates is not responsible or liable for any loss resulting from the operation of the Schemes beyond the corpus of the Trust of Rs. 30,000/-. Terms of Issue & Load Structure: IDFC-CEF, IDFC-IEF IDFC-PEF, IDFC-AF, IDFC - EEF, IDFC –TS[ELSS], IDFC-APF, IDFC-SMEF, IDFC-SS(50-50)-EF, IDFC TA( ELSS ), IDFC-IGGF, IDFC-SSIF (IP), IDFC-DBF, IDFC-SSIF (MT), IDFC-SSIF (ST), IDFC-CF, IDFC-USTF, IDFC-SAF, IDFC-MMF-TP,IDFC-MMF-IP, IDFC-GSF-IP, IDFC-GSF-ST, IDFC-GSF-PF, IDFC-ASBF, IDFC-AAF-AP IDFC-AAF-CP, IDFC-AAF-MP, IDFC-MIP,IDFC-FMP-HYS-9, IDFC-FMP-QS55, IDFC-FMP - FMS-1, IDFC-FMP - FMS-3 , IDFC-FMP - TMS-5, IDFC-FMP-SMS-1,IDFC-FMP HPS1 and IDFC CPOF1: During the continuous offer the AMC calculates and publishes NAVs and offers for sale and redemption of units of the Scheme on all Business days . Entry Loads – Nil for all the schemes. Exit Load - For all the equity schemes (other than IDFC Arbitrage Fund,IDFC Arbitrage Plus Fund and ELSS Schemes of IDFC) : All investment including SIP/STP/Micro SIP/STP/FOF if redeemed / switched out within 365 days from the date of allotment-1%. No Entry Load/ Exit Loads/CDSC shall be chargeable in case of switches made between different options of the scheme. IDFC-AF - (Plan A & Plan B): is an Open Ended Equity scheme. 0.25% if redemption / switch is requested within 30 days from the date purchase during on going period. IDFC Tax Saver (ELSS) Fund : Nil. IDFC-APF - (Plan A& Plan B): 0.50% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. IDFC-SMEF : The scheme is converted into open ended scheme w.e.f. September 11, 2009. After then during the Ongoing Offer Period load will be charged as follows: If redeemed within 1 year from the date of purchase(s) applying First in First out basis (including purchase made through the STP/SIP) -1.00%.No exit load /CDSC will be chargeable in case of switches made between different options of the schemes IDFC Tax Advantage (ELSS) Fund: Nil. India IDFC-SSIF Investment Plan (IP) – Plan A Plan B, plan C & Plan F - 1% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC –DBF (Plan A & Plan B):-Nil, IDFC-SSIF Medium Term Plan (MT) Plan A , Plan B& Plan F: 0.50% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 182 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC-SSIF Short Term Plan (ST) – Plan A, B, C, D & F: Exit Load for all investment including SIP/Micro SIP/STP shall be 0.50% of the applicable NAV if redeemed /switched out within 3 months from the date of allotment IDFC –CF – Plan A & Plan B; Nil. IDFC Ultra Short Term: Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed /switched out within 360 days from the date of allotment. IDFC Savings Advantage Fund (IDFC-SAF) (Plan A & Plan F) ; Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed /switched out within 60 days from the date of allotment. IDFC MMF TP (Plan A, Plan B, Plan C, Plan D & Plan F) –Nil, IDFC-MMF-IP-(Plan A, Plan B & Plan F) : Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed / switched out within 60 days from the date of allotment. IDFC-GSF Investment Plan (IP) – Plan A & Plan B - 1% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC-GSF Short Term Plan (ST)– Plan A & Plan B – 0.25% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 30 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC-GSF Provident Fund (PF) – Plan A & Plan B - 1% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC NF- Exit load: Nil.Switches from existing equity scheme into IDFC Nifty Fund shall attract applicable exit load. The Trustee / AMC reserves the right to change the Load structure if they so deem fit.The exit load/ CDSC of up to 1% of the redemption value charged to the unit holder by the Fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the unit holder as exit load/ CDSC shall be credited to the respective scheme immediately. IDFC-ASBF - 0.75% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load. IDFC-AAF-AP, IDFC-AAF-CP, and IDFC-AAF-MP: 1.50% of the NAV shall be applicable if investors who redeem / switch out such investments within months from the date of subscription applying First in First Out basis, (including investments through SIP/STP). Switches between Plans (within the scheme) shall not attract load. IDFC MIP: 1.00% of the NAV shall be applicable if investors who redeem / switch out such investments within 365 days from the date of subscription applying First in First Out basis, (including investments through SIP/STP). No load shall be applicable for switches between between options of the schemes.IDFC-FMP-9: 2%if redeem before 13 Nov.2006. IDFC-FMP-HYS9: Nil. IDFC-FMP-QS55: Nil. IDFC-FMP - FMS-1: Nil. IDFC-FMP - FMS-3: Nil , IDFC-FMP - TMS-5: Nil. IDFC-FMP-SMS-1: Nil. IDFC-FMP HPS1: Nil. IDFC CPOF1: Nil Investment Objective: IDFC – CEF: The investment objective of the scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-IEF: The investment objective of the Scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-IEF: The investment objective of the Scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-PEF: The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-AF & IDFC APF: The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-EEF: The investment objective of the scheme is to seek to generate capital growth from a portfolio of predominantly equity and equity related instruments (Including Equity derivatives). The scheme may also invest in debt and money market instruments to generate reasonable income. However there is no assurance that the investment objective of the scheme will be realized. IDFC - TS [ELSS]: The investment objective of the Scheme is to seek to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. There can be no

Risk Factors

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assurance that the investment objective of the scheme will be realized IDFC-APF: The investment objective of the scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SMEF: The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The Scheme will predominantly invest in small and midcap equity and equity related instruments. Small and Midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap Index. The Scheme may also invest in stock other than mid cap stocks (i.e. in stocks, which have a market capitalization of above the market capitalization range of the defined small midcap stocks) and derivatives. On defensive consideration, the Scheme may also invest in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SS (50-50)-EF: The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in Equity and Equity related instruments. The investment objective of the fund shall be achieved by investing up to fifty percent of the assets of the scheme in a chosen sector (sector specific exposure) while the balance amount may be invested in companies across market capitalizations and across sectors (diversified exposure). The scheme may also invest in debt and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC TA (ELSS): The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realized. IDFC –IGGF: The investment objective of the scheme is seek to generate long term capital appreciation by investing in Equity and Equity related instruments. The scheme aims to capture the growth in India's Gross Domestic Product (GDP). The scheme would endevour to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in Debt and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC - SSIF-IP: Seek to generate stable returns by creating a portfolio that is invested in good quality fixed income and money market securities.However there is no assurance that the investment objective of the scheme will be realized. IDFC – NF: The investment objective of the scheme is to replicate the S&P CNX Nifty Index by investing in securities of the CNX Nifty Index in the same proportion/weigtage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns. IDFC – DBF: Seek to generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SSIF-MT: Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-SSIF-ST: Seek to generate stable returns with a low risk strategy by investing in good quality fixed income securities and money market securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-CF: IDFC-CF is an open-ended liquid fund with an objective to generate optimal returns with high liquidity by investing in high quality money market and debt instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-USTF: To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. IDFC-SAF: To offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme will have a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. There can be no assurance that the investment objective of the scheme will be realized. IDFC-MMF-TP& IDFC-MMF-IP: Seek to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-GSF-IP: IDFC – GSF -IP is an open-ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-GSF-ST: IDFC-GSF-ST is an open-ended dedicated gilt scheme with an objective to generate optimal returns with high liquidity by investing Government Securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-GSF-PF: Seek to generate optimal returns with high liquidity by investing in government securities. However there is no assurance that the investment objective of the scheme will be realized. IDFC-ASBF: Seek to generate optimal returns with high liquidity by active management of the portfolio, by investing predominantly in debt oriented mutual fund schemes and money market instruments. However there is no assurance that the investment objective of the scheme will be realized. IDFC-AAF-AP, IDFC-AAF-CP, and IDFC-AAF-MP: The primary objective of Scheme is to generate capital appreciation through investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. However, there can be no assurance that the investment objective of the scheme will be realized. IDFC MIP: The primary objective of Scheme is to generate regular returns through investment primarily in debt oriented Mutual Fund schemes (such as Income and Liquid funds). The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity oriented MF schemes. Monthly Income is not assumed and the same is subject to availability of distributable surplus. IDFC FMP HYS9: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-FMP-QS55: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the objective of the scheme will be realised. IDFC-FMP - FMS-1: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the objective of the scheme will be realised.IDFC-FMP - FMS-3: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the duration of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-FMP - TMS-5: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized. IDFC-FMP-SMS-1: The investment objective of the Scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the duration of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized IDFC-FMP HPS1: The scheme endeavors to generate income by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. There can be no assurance that the investment objective of the scheme will be realized. IDFC CPOF1: The scheme endeavours to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. There can be no assurance that the investment objective of the scheme will be realized IISL Disclaimer: “S&P®” and “Standard and Poor's®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement." Statutory Details: IDFC Mutual Fund has been set up as a trust by Infrastructure Development Finance Company Limited (IDFC) (liability restricted to corpus of Trust of Rs. 30,000) with IDFC AMC Trustee Company Ltd as the trustee and IDFC Asset Management Company Ltd as the investment manager. Investors in the scheme(s) are not being offered any guaranteed or assured rate of return. Copy of Scheme Information Document and Key Information Memorandum along with application form for all the schemes may be obtained from the office of IDFC Mutual Fund, One India Bulls Centre, 841, Jupiter Mills Compound, Senapati Bapat Marg,, Elphinstone Road, (West), Mumbai 400 013. Contact 1-800-226622 for details.For details please read the respective Scheme Information Document (SID) (including those of FMPs)/ Offer Document (OD) / Statement of Additional Information (SAI) carefully before investing.

Methodology of Ranking

42

Value Research Rating

ICRA Mutual Fund Awards Disclaimer

ICRA Credit Risk Rating

CRISIL Credit Quality Rating

CRISIL Credit Quality Rating Methodology

Morningstar Rating

Lipper Fund Awards, India, 2010

Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of short-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Each category must have a minimum of 10 funds for it to be rated. Effective, July 2008, we have put an additional qualifying criteria, whereby a fund with less than Rs 5 crore of average AUM in the past six months will not be eligible for rating.

Five-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5%, middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 10% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity Diversified (182), Equity : Index (18), Equity Tax Planning (28), Hybrid Equity Oriented (30), Hybrid: Monthly Income (34), Debt: Medium-term (38), Debt: Medium-term Institutional (11) Gilt: Medium and Long-term (32), Gilt: Short-term (10), Debt: Ultra Short-term (42), Debt: Ultra Short-term Institutional (48), Debt: Short-term (19), Debt: Short-term Institutional (13) Debt: Floating Rate Short-term (12), Hybrid: Debt-oriented (17), Debt: Liquid Plus: (35), Debt: Liquid Plus Institutional:(36), Hybrid: Arbitrage (11). These Fund Ratings are as on July 31, 2010.

The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy.

IDFC Premier Equity Fund – Plan A has been ranked as a Seven Star Fund in the category of 'Open Ended Equity Diversified - Defensive' schemes for its 3 years performance till December 31, 2009.

The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 81 schemes considered in 'Open Ended Equity Diversified - Defensive' category for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of IDFC Premier Equity Fund – Plan A.

IDFC Government Securities Fund – ST – Plan A has been ranked as a Five Star Fund in the category of 'Open Ended Gilt' schemes for its 1 year performance till December 31, 2009.

The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size and average maturity. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 30 schemes considered in 'Open Ended Gilt' category for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of IDFC GovernmentSecurities Fund – ST – Plan A.Ranking Source & Publisher: ICRA Online Limited

IDFC Money Manager Fund - Treasury Plan: “Credit Risk Rating mfAAA” - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category.IDFC Money Manager Fund – Investment Plan: “Credit Risk Rating mfAAA” - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category.IDFC Cash Fund: “Credit Risk Rating mfA1+” - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest-credit-quality category with maturity of upto one year.This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns.IDFC Super Saver Income Fund - Short Term Plan: “Credit Risk Rating mfAAA” - The Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category.Source: ICRA Ltd.

IDFC Super Saver Income Fund - Investment Plan: “Credit Quality Rating AAAf” - The assigned rating AAAf is valid only for “IDFC Super Saver Income Fund - Investment Plan”. The rating of CRISIL is not an opinion on the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments.

CRISIL's credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL’s rating default and transition rates.

This Morningstar-sourced information is provided to you by IDFC AMC and is at your own risk. Morningstar is not responsible for any damages or losses arising from any use of this information. Also, this information must not be relied upon without appropriate verification. IDFC AMC informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performance is no guarantee of future results; and (iii) the value and income derived from investments can go down as well as up.

The Morningstar fund rating methodology is based on a fund's risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The rating is based on NAV provided by respective funds. The current fund rating is for the 3 year period as of December 31, 2009. IDFC Imperial Equity Fund Growth has been rated 5-Star fund in the category of Large Cap schemes (342 Schemes), IDFC Premier Equity Fund Growth has been rated 5-Star fund in the category of Small/Mid Cap schemes, IDFC Dynamic Bond Fund Growth has been rated 5-Star fund in the category of Intermediate Bond schemes (174 Schemes), IDFC Savings Advantage Fund Growth has been rated 4-Star fund in the category of Liquid schemes (366 Schemes), IDFC Gov Sec PF Fund Growth has been rated 4-Star fund in the category of Intermediate Government schemes (77 Schemes), IDFC SS Inc M/T Fund Growth has been rated 4-Star fund in the category of Short-term Bond schemes, IDFC MMF IP Fund Growth has been rated 4-Star fund in the category of Ultra Short Term Bond schemes (391 Schemes), IDFC Ultra Short Term Fund Growth has been rated 4-Star fund in the category of Liquid schemes (375 Schemes), IDFC Cash Fund Growth has been rated 4-Star fund in the category of Liquid schemes (375 Schemes).

IDFC Premier Equity Fund – Plan AMethodologyClassification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. There were 189 funds under the category - Global classification.

The lowest average decile1 rank of the three years’ Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. In cases of identical results the lower average percentile rank will determine the winner. The decile ranking is obtained by the percentile ranking according to the formula: INT(((( Percentile Rank – 1 ) * ( 1 – 0.01 )) / 10 ) +1 ).

DisclaimerAlthough Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user’s own risk. This is not an offer to buy or sell securities.

IDFC AMC Offices / Contact Number

Agra : +91 9997972223

Ahmedabad : Ground Floor, Zodiac Avenue, Opp. Mayor’s Bunglow, Near Law Garden, Ahmedabad - 380 006. Tel.: 079-64505881/5857.

Amritsar : IDFC Asset Management Co Ltd. 6-FUF, 4th Floor, Central Mall, 32 Mall Road, Amritsar 143001, Mobile: +919356126222,

Landline: 0183-5030393.

Bangalore : 6th floor, East wing, Raheja Towers, 26 & 27, M.G.road, Bangalore - 560001 Tel.: 080-64501951/52,66111504/05/06.

Bhubaneswar : Shop No 208, 2nd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar 751002

Chandigarh : Sco-2475-76, 1st Floor, Sector-22, Chandigarh - 160022. Tel. :0172-5071918/19/21/22. Fax : 01725071918..

Chennai : KRM Tower, 8th floor, No.1 Harrington Road, Chetpet, Chennai - 600 031, Phone: 044 – 45644201/202

Cochin : 39/3993 B2, Ground floor, Vantage Point, VRM Road, Ravipuram, Cochin-682 016, Kerala. Tel: 0484-3012639/4029291, Fax: 0484-2358639

Coimbatore : Red Rose Plaza, 509 H, II Floor, D.B. Road, R.S. Puram, Coimbatore - 641 002. Tel.: 0422-2542645, 2542678.

Dehradun : C/o EBD BUSINESS CENTRE, cubicle no 3, 49, Rajpur Road, Dehradun- 248001, Tel.: 9997598877

Goa : Advani Bussiness Centre, Neelkamal Arcade, A B Road, Panjim, Goa - 403001. TEl: 0832-6650403, Fax: 0832-6650310.

Mobile : 9823289903.

Guwahati : 4E, 4th Floor, Ganapati Enclave, G.S. Road, Ulubari, Opp Bora Service Station, Guwahati 781007, Mobile: 9957568099

Hyderabad : 4th Floor, Central Plaza, #6-3-902/A, Raj Bhavan Road, Somajiguda, Hyderabad - 500082 Tel.: 040-42014646/47, Fax-040-40037521.

Indore : 405, 4th Floor, 21 / 1, D.M. Tower, Race Course Road, Indore – 452 001.Phone: 0731-4206927/ 0731-4208048. Fax 0731-4206923

Jaipur : G-7, G-8, Anukampa Towers, Church Road, Jaipur - 302 001. Tel.: 0141-5105797, 5105798.

Jallandhar : 301 B, 3rd Floor, Grand Mall Building, Adjoining Hotel Radison, BMC Chowk, G.T. Road, Jalandhar-144001, Punjab- India Tel. 0181-5018264. Mobile: +919814777705

Kanpur : Office No. 214, 215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel: 0512-2331071, 2331119.

Kolkata : Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: 033-4017 1000-1005.

Lucknow : Flat No. 2, 1st Floor, SAS House, 6B, Tej Bhadur Sapru Marg, Lucknow -226001. Tel : 0522 – 3056900/01/02/03/04/05. Fax – 0522 - 3056900

Ludhiana : SCO:- 122, 2nd Floor, Feroze Gandhi Market, Ludhiana– 140001.Phone No. 0161-5022155, 5022156. Fax: 0161-5022157.

Madurai : Shop No 9, 2nd Floor, Ram Niwas, Door No. 279, Goodshed Street, Madurai – 625001, Tel.: +91 98943 69124

Manglore : Raj Business Centre, 3rd Floor, Raj Towers, Balmatta Road, Manglore - 575001. Tel. : +91 99010 33822 (Not an official point of accepting transaction.)

Moradabad : +91-9837572638

Mumbai : 17/18, 3rd Floor, Vasvani Mansion, 120, Dinshaw Vachha Road, Opp K.C. College, Churchgate, Mumbai 400 020. Maharashtra.

Phone 022-22876419

Nagpur : Fortune Business Centre, First Floor, 6 Vasant Vihar, W.H.C.Rd., Shankar Nagar, Nagpur-440010. Tel.: 0712-6451428 / 2525657

Nashik : Kavita Complex 2nd Floor, Madan Services, Near Big Bazar, College Road, Nasik 422005. Mob. 09970625856.

New Delhi : 4th Floor, Narain Manzil, 23 Barakhamba Road, New Delhi - 110 001. Tel.: 011-47311301/ 02/03/04/05.

Patna : 406 Ashiana Hariniwas, New Dak banglow Road, Patna 800 001. Tel:(0612) 6510353

Pune : 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune - 411 004. Tel: 020-66020965/ 4.

Raipur : 227-228, 2nd Floor, Lalganga Shopping Mall, G.E. Road, Raipur 492001,Mobile : 9926908790

Rajkot : “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel. 0281-6626012.

Surat : U-15/16, Jolly Plaza, Athvagate, Surat: 395001. Phone: 2475060, 2475070

Trivandrum : Cabin No.502, 5th Floor, Karimpanal Statue Avenue, G.H.Road, Statue, Trivandrum-695001. Cell no. 94470 48028

Vadodara : Ground Floor, Akash Ganga Complex, Adjacent to Vanijya Bhavan, Race Course Circle, Vadodara - 390 007. Tel.: 0265 - 6620919/ 939.

Varanasi : +91-9984250888

Visakhapatnam : Visakha Executive Centre, 47-11-1/5, Eswar Arcade, Dwarakanagar,1st Lane, Visakhapatnam-530016, Tel.:+91 9701163444

Phone TransactREDEEM SWITCH CHECK BALANCE

Call Free: 1-800-226622** Available from 8.00 am to 7.00 pm on all business days.www.idfcmf.com

IDFC Asset Management Company Ltd. Registered Office: One IndiaBulls Centre, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013. Tel No. 24399999; 66289999; Fax: 24215051-52.

IDFC Factsheet Complete Fund/mf-fundfact-sheet/IDFC.pdf · Exit load: (Plan A & Plan B): All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days

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IDFC Factsheet Complete Fund/mf-fundfact-sheet/IDFC.pdf · Exit load: (Plan A & Plan B): All Investment including SIP/Micro SIP/STP/FOF if redeemed / switched out within 365 days