FUND REVIEW NOVEMBER’11 - IDFC Mutual Funds · PDF filecrores additional government...

M U T U A L F U N D

FUND REVIEW NOVEMBER’11

Commentary

The month started on a subdued note for domestic bonds with markets worried about absorbing the INR 52,800

crores additional government borrowing announced for the second half of the financial year. The other large local

trigger was the RBI's policy review where the central bank hiked rates by 25 bps but at the same time indicated a

possible pause to the rate hike cycle. This provided temporary cheer to bonds but issues of supply absorption soon

took over again. To add to uncertainty, a new 10 year government bond was announced, ahead of market's

expectation of a new benchmark. As a result of the above, the current 10 year benchmark has drifted towards 8.90%,

a level unthinkable to most market participants till even a month before. Long end corporate bonds have held up

better on absence of any major supply. As a result credit spreads have shrunk further during the month.

On the international front, the first cut of the much-awaited 'comprehensive' Euro Zone package was announced

during the month. It called for a larger than previously agreed upon voluntary haircut on Greece bonds from private

sector investors, explored ways to leverage the European Financial Stability Fund (EFSF) facility, and asked for

higher European bank capitalization levels by mid 2012. While initial reaction of global markets was to cheer the

package, concerns have now begun creeping in as to execution details.

Going Forward

With the RBI now explicitly flagging pause to the hike cycle (barring, of course, fresh pressures from inflation either

via new spike in commodity prices or larger than expected pass through to domestic prices), market participants

should feel more confident with respect to the short end of the curve. This is also being aided by the fact that

pressure of issuance of CDs from banks has subsided, as deposit growth remains healthy versus incremental credit

disbursements.

With respect to the long end, corporate spreads should remain supported given the relative lack of supply of

corporate bonds. However, the sovereign curve is struggling with excess supply, fears of further fiscal slippages,

and now from potential illiquidity of current investments given that a new 10 year benchmark has been announced.

The market is looking for two possible event triggers: One, the announcement of an expected USD 5 billion hike in FII

ceiling for government bonds. Two, the start of RBI's open market operations (OMOs) to keep system liquidity deficit

within 1% of NDTL of banks. These will pretty much decide the direction of yields in the near term.

Equity Debt

The markets gained significantly over the month. Globally, risk assets rallied post the EU summit, on expectations

of relief from the sovereign credit crises. 3Q GDP for the USA was also better than expected. Separately, the

Reserve Bank of India's signal of a likely pause in monetary tightening also boosted investor sentiment.

Quarterly earnings reported so-far have been weak. While top line growth has been robust, aided by high inflation,

margins have disappointed for most sectors. Private sector banks (HDFC Bank, Kotak Mahindra Bank, and Axis

Bank in particular) and large-cap Consumer Staples companies (ITC, Hindustan Unilever) have fared relatively

better, while Industrials (Larsen & Toubro, Crompton Greaves) and Materials (Grasim, Ultratech) disappointed.

Overall, the quarterly earnings performance re-conforms to the ongoing trend of relatively robust consumption

cycle (especially rural consumption), but weak capex momentum.

On the policy front, in line with expectations, the RBI raised policy rates by another 25 bps, taking the repo rate to

8.5%. The Central bank also indicated that notwithstanding the fact that current rates of inflation are likely to persist

till November, the likelihood of another rate hike at its December review is “relatively low.” The RBI reiterated its

March 2012 inflation projection of 7% and went on to indicate that if inflation conforms to expectations post-

December “further rate hikes may not be warranted”. Note that there is a large, favorable base effect that comes

into play from December onwards.

The Macro Environment remains challenging with Inflation and Financial costs eating into corporate profitability.

This trend in all likelihood will intensify over the next couple of quarters and it will remain a challenging environment

for the capital markets. Corporate earnings have been slowing which is apparent in the recent quarterly numbers

for the companies that have declared their results. Profits are down sequentially. While valuations are low, the risk is

in the denominator (earnings part of the P/E) could come under further stress. International events have put a

question on global growth which has also resulted in low valuations of the asset class. This we believe will not

change in the immediate future. In such a situation, the current trade of buying solvent (low debt) businesses in

companies that have a dominant market share have been rewarding. There is little reason given the environment

that we need to shift the current strategy.

02

FUND FEATURES

Nature: Equity

Average AUM (Jul-Sep): 400.15 Crores

Inception Date: 9 June 2006

Fund Manager: Mr. Kenneth Andrade (Since Inception)

About the Fund: IDFC Equity Fund is positioned to mirror the broad sector weightages

of the Nifty Index with active stock selection within the sector. The fund will ensure

minimum deviation from the sector, and within those sectors the stocks will be actively

picked by the fund manager.

Current Strategy: The fund is benchmarked to Nifty, mapping its sectors weightages

with active stock selection within the sector.

Other Parameter:

Beta (BSE 200) 0.86

R Square (BSE 200) 0.89

Beta (Nifty) 0.91

R Square (Nifty) 0.93

Standard deviation 4.63%

Sharpe Ratio -1.19

Portfolio Turnover Ratio 3.19 Times

Asset allocation:

Equity 92.15

Debt 5.03

Cash 2.82

Derivatives -

Benchmark : S&P CNX Nifty

(IDFC - EF) An Open Ended Equity Fund 31 October 2011

IDFC Equity Fund

Portfolio :

Mahindra & Mahindra Ltd 1081.69 2.72

Tata Motors Ltd 694.58 1.75

Bajaj Auto Ltd 657.36 1.65

Hero Motocorp Ltd 545.34 1.37

ICICI Bank Ltd 2327.88 5.85

HDFC Bank Ltd 2205.00 5.54

State Bank of India 1429.73 3.59

Kotak Mahindra Bank Ltd 512.40 1.29

ACC Ltd 657.28 1.65

Larsen & Toubro Ltd 1413.15 3.55

ITC Ltd 2131.50 5.36

Hindustan Unilever Ltd 1127.40 2.83

Jindal Steel & Power Ltd 562.55 1.41

HDFC Ltd 2410.98 6.06

GAIL (India) Ltd 422.90 1.06

Siemens Ltd 641.18 1.61

Coal India Ltd 481.40 1.21

Oil & Natural Gas Corporation Ltd 1110.60 2.79

Reliance Industries Ltd 3510.20 8.82

Dr. Reddy's Laboratories Ltd 835.35 2.10

Auto Total 2978.96 7.49

Banks Total 6475.00 16.28

Cement Total 657.28 1.65

Construction Project Total 1413.15 3.55

Consumer Non Durables Total 3258.90 8.19

Ferrous Metals Total 562.55 1.41

Finance Total 2410.98 6.06

Gas Total 422.90 1.06

Industrial Capital Goods Total 641.18 1.61

Minerals/Mining Total 481.40 1.21

Oil Total 1110.60 2.79

Petroleum Products Total 3510.20 8.82

Name Market Value in Lac(`)

% of NAV

Sun Pharmaceutical Industries Ltd 756.68 1.90

Power Grid Corporation Ltd 1048.50 2.64

NTPC Ltd 537.75 1.35

Infosys Ltd 3165.31 7.96

Tata Consultancy Services Ltd 1394.75 3.51

HCL Technologies Ltd 665.63 1.67

Bharti Airtel Ltd 1273.35 3.20

Grand Total 39780.49 100.00

Nifty Index 2887.43 7.26

Tata Steel Ltd 144.95 0.36

Pharmaceuticals Total 1592.03 4.00

Power Total 1586.25 3.99

Software Total 5225.68 13.14

Telecom - Services Total 1273.35 3.20

Other Equity Total 3058.26 7.69

Call / Reverse Repo/ CBLO Total 2000.45 5.03*

Net Current Asset 1121.39 2.82*

Equity Futures Total 3032.39 7.62


% of NAV

Plan A Growth Option (NAV as on Sep 30, 2011 per Unit) 14.1741

*Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure.

NAV (`) :

Plan A Growth 15.2612

Plan A Dividend 11.5236

Plan B Growth 12.5889

Plan B Dividend 10.5309

Jun 09, 2006 (Since Inception) 10.0000 6.79% 10.80% 10.22% 14,174 17,246 16,772

Sep 30, 2010 To Sep 30, 2011 17.1193 -17.20% -18.02% -18.01%

Sep 30, 2009 To Sep 30, 2010 14.4942 18.11% 18.61% 17.18% NA

Sep 30, 2008 To Sep 30, 2009 11.3581 27.61% 29.65% 33.17%

*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future# CNX Nifty, ## BSE Sensex

03

PeriodScheme

Returns ^Benchmark Returns #

Alternate Benchmark Returns ##

Current Value of Standard Investment of `10,000 (in`)

Benchmark#Alternate

Benchmark##Scheme^

NAV perUnit (`)

FUND FEATURES

Nature: Equity

Average AUM (Jul-Sep): 1,131.36 Crores

Inception Date: 7 March 2008


About the fund: IDFC SEF actively builds a portfolio of companies with proven business

model and little environmental risk. It is investing in relatively medium sized businesses

which would eventually end up either transitioning into business leaders or operate in

environments that are small but rapidly transitioning into core industries. At points in time

when environments are stressed, rather than tier down to smaller companies we prefer to

buy the leaders in the space and then tier down once we have a confirmation that the

business cycle has stabilized. This reduces the volatility of the portfolio and at times

enhances the return profile.

The focus is on identifying structural changes in the environment and align companies

based on how their valuations stack up within their respective industries. The portfolio is

built up of companies that are market leaders and are consolidators in their space.

Companies that are cash positive and not just EPS positive. Companies that are

financially solvent preferably debt free and are in a position to deploy cash when asset

prices are low.

Current Strategy: The portfolio is currently weighed on business with a loyal consumer

franchise. This is a part of the market we tend to believe is the least stressed in an

environment which is challenging for growth. Most of the business in the portfolio are

tend to dominant the space they operate in and have a growth rate higher than their peers

in the business. Some of them are consolidating a stressed industrial environment while

many of the above are investing into higher capacities to anticipate future growth. None

of these businesses are in any tearing need for external capital.

Other Parameter:

Beta 0.71

R Square 0.89


Sharpe Ratio -1.47


Asset allocation:

Equity 92.11

Debt 6.90

Cash 0.99

Derivatives -

Benchmark : CNX Midcap

(IDFC - SEF) An Open Ended Equity Fund 31 October 2011

IDFC Sterling Equity Fund

Portfolio :

Eicher Motors Ltd 2826.44 2.48


Apollo Tyres Ltd 3052.80 2.68

Nestle India Ltd 4880.43 4.28

VST Industries Ltd 4792.77 4.20

Piramal Glass Ltd 3076.09 2.70

M&M Financial Services Ltd 5560.50 4.87

Bajaj Finance Ltd 2926.45 2.57

ABB Ltd 2839.80 2.49

EROS International Media Ltd 4329.90 3.80

Castrol India Ltd 4327.88 3.79

Hexaware Technologies Ltd 4738.20 4.15

IDEA Cellular Ltd 3338.43 2.93

Tulip Telecom Ltd 3308.70 2.90

Vardhman Textiles Ltd 4315.63 3.78

Auto Total 5638.83 4.94

Auto Ancillaries Total 3052.80 2.68




Media & Entertainment Total 4329.90 3.80




Textiles - Cotton Total 4315.63 3.78


% of NAV

Grand Total 114070.95 100.00

Indusind Bank Ltd 191.62 0.17

Union Bank of India -226.20 -0.20

Top 15 Equity Total 57126.41 50.08


Corporate Bond Total 895.12 0.78*

Commercial Paper Total 4970.41 4.36*



Equity Futures Total -34.58 -0.03


% of NAV



04

Mar 07, 2008 (Since Inception) 10.0000 17.26% 2.48% 1.00% 17,649 10,912 10,360

Sep 30, 2010 To Sep 30, 2011 19.7271 -10.54% -22.59% -18.02%

Sep 30, 2009 To Sep 30, 2010 13.7033 43.96% 36.51% 18.61% NA

Sep 30, 2008 To Sep 30, 2009 8.2498 66.10% 37.27% 29.65%

*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future# CNX Midcap, ## CNX Nifty

Rating & Ranking

Value Research Ranking

Past performance is no guarantee of future results.For Methodology of Ranking Please refer Page No. 61.

Morning Star Rating

NAV (`) :

Plan NAV

Growth

Dividend 13.1571

17.6621Period

SchemeReturns ^

Benchmark Returns #



Benchmark#Alternate

Benchmark##Scheme^

NAV perUnit (`)

FUND FEATURES

Nature: Equity



Fund Manager: Mr. Tridib Pathak (Since April 26, 2010)

About the fund: Imperial Equity Fund is a diversified large cap biased fund offering an

attractive investment solution as it focuses on well managed growth companies that are

available at reasonable value with proven track records and strong brands. The portfolio

construction has revolved around selecting well established and capital efficient

companies, predominantly the top 75-80 companies.

Current Strategy: We continue being invested in sectors and more importantly stocks

which have better visibility of growth, cash flows and capital efficiency. This strategy

should continue to allow us to take advantage of markets without timing the market

direction. Our stock selection is geared around companies with earnings growth visibility

of over two years, companies with free cash flows and not dependent on capital raising in

the current high interest rate scenario and lastly companies having a sustainable ROE .

As of now, with around 32 stocks in the portfolio, close to 70% exposure is towards Nifty

stocks.

Other Parameter:

Beta 0.88

R Square 0.94


Sharpe Ratio -0.74


Asset allocation:

Equity 94.17

Debt 3.95

Cash 1.83

Derivatives 0.05


(IDFC - IEF) An Open Ended Equity Fund 31 October 2011

NAV (`) :





IDFC Imperial Equity Fund

Rating & Ranking



Morning Star Rating

Portfolio :


Bajaj Auto Ltd 1462.27 4.02



ICICI Bank Ltd (Futures) 1262.86 3.47


Axis Bank Ltd 1572.76 4.33

Bank of Baroda 1111.99 3.06

Jammu & Kashmir Bank Ltd 463.38 1.28

Whirlpool of India Ltd 379.93 1.05

Titan Industries Ltd 1351.56 3.72

ITC Ltd 955.50 2.63


Bharat Heavy Electricals Ltd 1278.06 3.52

Zee Entertainment Enterprises Ltd 1091.01 3.00


Sterlite Industries Ltd 965.30 2.66


Oil India Ltd 680.06 1.87


Reliance Industries Ltd (Futures) 348.84 0.96

Indian Oil Corporation Ltd 597.28 1.64

Dr. Reddy's Laboratories Ltd 1440.14 3.96

Auto Total 4685.62 12.89


Consumer Durables Total 379.93 1.05






Non - Ferrous Metals Total 965.30 2.66

Oil Total 1619.79 4.46



% of NAV

Cipla Ltd 798.66 2.20

Pfizer Ltd 686.01 1.89

Torrent Pharmaceuticals Ltd 639.01 1.76


HCL Technologies Ltd 1359.97 3.74


Wipro Ltd 771.69 2.12


Grand Total 36341.49 100.00





Derivative Total 18.98 0.05



% of NAV



05


Sep 30, 2010 To Sep 30, 2011 20.5516 -14.11% -18.02% -18.01%

Sep 30, 2009 To Sep 30, 2010 17.4686 17.65% 18.61% 17.18% NA

Sep 30, 2008 To Sep 30, 2009 12.9269 35.13% 29.65% 33.17%

*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future# CNX Nifty, ## BSE Sensex

PeriodScheme




Benchmark#Alternate

Benchmark##Scheme^

NAV perUnit (`)

FUND FEATURES

Nature: Equity




About the fund: Our infrastructure fund, that invests across the infrastructure value

chain with exclusions like Banking, Autos, IT, Pharma and FMCG, which differentiates the

fund and makes it a core infrastructure fund. It is an active diversified portfolio of

predominant companies that are participating in and benefitting from the Indian

Infrastructure and infrastructural related activities.

Current Strategy: The IDFC Infrastructure Fund has constructed a portfolio to monetize

the existing infrastructure opportunity in India. We believe that the Infrastructure space is

in a consolidation mode and thus throws out large investment ideas that would be the

frontrunners in the business in decades to come. In this we buy the companies which are

preferably the largest in their space.

Other Parameter:

Beta 0.54

R Square 0.85



Asset allocation:

Equity 94.76

Debt 16.01

Cash -10.77

Derivatives -

Benchmark : CNX Infrastructure Index

(IDFC - IF) An Open Ended Infrastructure Sector Fund 31 October 2011

IDFC Infrastructure Fund

Portfolio :

Shree Cement Ltd 247.03 2.80

IRB Infrastructure Developers Ltd 410.88 4.66

Phoenix Mills Ltd 240.96 2.74

Ahluwalia Contracts India Ltd 146.81 1.67


Petronet LNG Ltd 411.19 4.67

Gujarat State Petronet Ltd 374.06 4.25

Gujarat Gas Co Ltd 321.79 3.65


Indraprastha Gas Ltd 229.08 2.60


Oil India Ltd 233.79 2.65


NTPC Ltd 537.75 6.10

Torrent Power Ltd 517.94 5.88

KSK Energy Ventures Ltd 358.75 4.07

Cement Total 247.03 2.80

Construction Total 798.65 9.07

Construction Project Total 353.29 4.01

Gas Total 1589.85 18.05


Oil Total 233.79 2.65


% of NAV

PTC India Ltd 176.25 2.00


IDEA Cellular Ltd 356.64 4.05

Tulip Telecom Ltd 188.44 2.14

Mundra Port & Special Eco Zone Ltd 459.06 5.21

IL&FS Transportation Networks Ltd 338.87 3.85

ABG Infralogistics Ltd 333.30 3.78

Gateway Distriparks Ltd 248.32 2.82

Grand Total 8810.21 100.00



Transportation Total 1379.55 15.66


Call / Reverse Repo/ CBLO Total 1410.31 16.01

Net Current Asset -949.00 -10.77


% of NAV

NAV (`) :

Plan NAV

Growth 9.4511

Dividend 9.4527

06

FUND FEATURES

Nature: Equity

Average AUM (Jul-Sep): 2,388.17 Crores

Inception Date: 28 September 2005

Fund Manager: Mr. Kenneth Andrade (Since June 2006)

About the fund: The scheme portfolio would seek to acquire, businesses with good

long term potential, which are available at reasonable 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.

Current Strategy: 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.

Other Parameter:

Beta 0.89

R Square 0.85


Sharpe Ratio -0.50


Asset allocation:

Equity 77.32

Debt 10.02

Cash 12.66

Derivatives -

Benchmark : BSE 500

(IDFC - PEF) An Open Ended Equity Fund 31 October 2011

IDFC Premier Equity Fund

Portfolio :

Kotak Mahindra Bank Ltd 7942.20 3.11

IRBH Infrastructure Developers Ltd 7045.68 2.76

Asian Paints Ltd 12448.63 4.88

Bata India Ltd 10324.84 4.05

Glaxosmithkline Consumer Healthcare Ltd 10087.12 3.96

Coromandel International Ltd 11814.12 4.63

Shriram Transport Finance Co Ltd 7055.25 2.77

Gujarat State Petronet Ltd 9576.13 3.75




Page Industries Ltd 12573.06 4.93

Arvind Ltd 9292.05 3.64

Redington India Ltd 5459.45 2.14

Blue Dart Express Ltd 7650.67 3.00

Bank Total 7942.20 3.11



Fertilisers Total 11814.12 4.63


Gas Total 9576.13 3.75




Textile Products Total 21865.10 8.57

Trading Total 5459.45 2.14

Transportation Total 7650.67 3.00




% of NAV

Certificate of Deposit Total 2483.69 0.97*

Corporate Bond Total 8075.32 3.17*


Floating Rate Note Total 7964.91 3.12*

Zero Coupon Bond Total 229.22 0.09*




Grand Total 255038.47 100.00

Nifty Index 22161.06 8.69

Larsen & Toubro Ltd -501.28 -0.20


% of NAV





Morning Star Rating

Rating & Ranking

NAV (`) :





07

Sep 28, 2005 (Since Inception) 10.0000 21.34% 10.40% 11.30% 31,974 18,120 19,027

Sep 30, 2010 To Sep 30, 2011 34.9637 -8.55% -20.02% -18.02%

Sep 30, 2009 To Sep 30, 2010 23.8363 46.68% 21.85% 18.61% NA

Sep 30, 2008 To Sep 30, 2009 16.7273 42.50% 33.80% 29.65%

*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future# BSE 500 ##CNX Nifty

PeriodScheme




Benchmark#Alternate

Benchmark##Scheme^

NAV perUnit (`)

FUND FEATURES

Nature: Equity



Fund Manager: Mr. Neelotpal Sahai. (Since Dec 23, 2010)

About the fund:Our diversified equity fund, it aims to capitalize on the growth potential

of the Indian economy. The fund maps to India's Gross Domestic Product (GDP) and

endeavors to capture the growth contained within the structural transformation of India's

Economy, from a pre-dominantly agrarian economy (38.6% in 1980) to a rapidly

developing economy with a growing share of Industry and Services. As the name goes,

IDFC India GDP fund endeavors to invest in the sectors representing the three

components of India's GDP growth namely Service, Industry & Agriculture in the order of

their percentage contribution to the GDP. The fund builds a portfolio, predominantly, of

companies with proven business models which would have handled fluctuating macro

conditions in the past and would have emerged from the cycle stronger.

Current Strategy: The 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. The strategy

revolves around companies that would have a higher growth rate and gained market

share over a business cycle. Currently the fund is a well diversified portfolio of 30 stocks,

the split across the GDP components is 75% Services, 18.5% Industries and 6.5%

Agriculture.

Other Parameter:

Beta 0.54

R Square 0.74


Sharpe Ratio -0.93


Asset allocation:

Equity 97.19

Debt 0.40

Cash 2.41

Derivatives -

Benchmark : BSE 500

(IDFC - IGGF) An Open Ended Equity Fund 31 October 2011

IDFC India GDP Growth Fund

Portfolio :

ICICI Bank Ltd 148.98 5.93State Bank of India 133.44 5.31Bank of Baroda 123.38 4.91Punjab National Bank 71.26 2.84HDFC Bank Ltd 49.00 1.95

Hitachi Home & Life Solutions (India) Ltd 81.43 3.24

Britannia Industries Ltd 70.36 2.80Godrej Consumer Products Ltd 65.60 2.61


Gujarat State Fertilizers & Chemicals Ltd 94.93 3.78

Power Finance Corporation Ltd 104.97 4.18HDFC Ltd 55.11 2.19


EROS International Media Ltd 101.88 4.05Dish Tv India Ltd 37.93 1.51Zee Entertainment Enterprises Ltd 30.48 1.21



Lupin Ltd 70.53 2.81







Gas Total 63.44 2.52


Oil Total 69.41 2.76



% of NAV

Sun Pharmaceutical Industries Ltd 37.83 1.51


Infosys Ltd 172.65 6.87Tata Consultancy Services Ltd 128.32 5.11HCL Technologies Ltd 110.94 4.41


Arvind Ltd 109.75 4.37


Cox and Kings Ltd 65.13 2.59

Grand Total 2513.00 100.00







Transportation Total 65.13 2.59Other Equity Total 9.01 0.36Call / Reverse Repo/ CBLO Total 10.00 0.40Net Current Asset 60.51 2.41


% of NAV


NAV (`) :

Growth 16.5667

Dividend 12.7895

08

Sep 30, 2010 To Sep 30, 2011 17.8458 -12.11% -20.02% -18.02%

Sep 30, 2009 To Sep 30, 2010 14.7503 20.99% 21.85% 18.61%

Period Scheme Returns ^Scheme Benchmark

Returns #Alternate Benchmark

Returns ##

^ Past performance may or may not be sustained in future# BSE 500## CNX Nifty

NAV per Unit (`)

FUND FEATURES

Nature: Equity


Inception Date: 3 October 2008


About the fund:The fund lays concentrated bets on a sector, the remaining portfolio is a

diversified portfolio, which will run a more passive strategy. 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).

Current Strategy: The Fund is allocating 50% of its investable portfolio in one sector and

the remaining portfolio is diversified across the sectors minus the former sector.

Other Parameter:

Beta 0.87

R Square 0.95


Sharpe Ratio -1.06


Asset allocation:

Equity 58.04

Debt -

Cash 41.96

Derivatives -


(IDFC - SS (50-50)-EF) An Open Ended Equity Fund 31 October 2011

IDFC Strategic Sector (50-50) Equity Fund


NAV (`) :





Portfolio :

HDFC Ltd 222.74 8.07




ITC Ltd 133.49 4.84










Automobile Total 87.62 3.17


Consumer Goods Total 176.90 6.41

Metals Total 37.75 1.37

Industrial Manufacturing Total 29.46 1.07

Energy Total 216.84 7.86

Information Technology Total 228.39 8.28


% of NAV

Grand Total 2759.81 100.00

Bank Nifty Index 698.66 25.32

Telecom Total 55.11 2.00



Bank Nifty Future Total 698.66 25.32


% of NAV

09

Sep 30, 2010 To Sep 30, 2011 15.7119 -18.97% -18.02% -18.01%

Sep 30, 2009 To Sep 30, 2010 13.1508 19.47% 18.61% 17.18%



Returns ##

^ Past performance may or may not be sustained in future# CNX Nifty##BSE Sensex

NAV per Unit (`)


FUND FEATURES

Nature: Equity


Inception Date: 30 April 2010

Fund Manager: Ms. Punam Sharma (Since October 3, 2011)

About the fund: 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.

Other Parameter:

Beta 1.00

R Square 0.99


Sharpe Ratio -0.95


Asset allocation:

Equity 98.42

Debt 3.52

Cash -1.94

Derivatives -


(IDFC - NF) An Open Ended Index Linked Equity Scheme 31 October 2011

IDFC Nifty Fund

Portfolio :

Reliance Industries Ltd 75.95 8.91Infosys Ltd 71.02 8.33ITC Ltd 59.33 6.96ICICI Bank Ltd 55.99 6.57HDFC Ltd 46.97 5.51HDFC Bank Ltd 45.41 5.33Larsen & Toubro Ltd 39.51 4.64Tata Consultancy Services Ltd 29.22 3.43State Bank of India 25.74 3.02Bharti Airtel Ltd 25.19 2.96Mahindra & Mahindra Ltd 20.64 2.42Hindustan Unilever Ltd 20.11 2.36Oil & Natural Gas Corporation Ltd 19.35 2.27Tata Motors Ltd 17.77 2.08Tata Steel Ltd 16.75 1.97Axis Bank Ltd 15.72 1.84Bharat Heavy Electricals Ltd 12.97 1.52Bajaj Auto Ltd 12.09 1.42NTPC Ltd 11.89 1.39Jindal Steel & Power Ltd 11.58 1.36Dr. Reddy's Laboratories Ltd 10.89 1.28Hero Motocorp Ltd 10.82 1.27Coal India Ltd 10.70 1.26Sun Pharmaceutical Industries Ltd 9.90 1.16Kotak Mahindra Bank Ltd 9.90 1.16GAIL (India) Ltd 9.82 1.15Wipro Ltd 9.63 1.13Sterlite Industries Ltd 9.21 1.08Hindalco Industries Ltd 9.05 1.06Tata Power Co Ltd 8.45 0.99Grasim Industries Ltd 8.16 0.96IDFC Ltd 8.06 0.95Maruti Suzuki India Ltd 7.97 0.93


% of NAV

Cipla Ltd 7.74 0.91Power Grid Corporation Ltd 7.66 0.90Punjab National Bank 6.78 0.80Ambuja Cements Ltd 6.14 0.72ACC Ltd 5.86 0.69HCL Technologies Ltd 5.63 0.66Cairn India Ltd 5.60 0.66DIF Ltd 4.57 0.54Jaiprakash Associates Ltd 4.55 0.53Sesa Goa Ltd 4.33 0.51Bharat Petroleum Corporation Ltd 4.17 0.49Ranbaxy Laboratories Ltd 3.99 0.47Siemens Ltd 3.75 0.44Steel Authority of India Ltd 3.44 0.40Reliance Infrastructure Ltd 3.35 0.39Reliance Communications Ltd 2.79 0.33Reliance Power Ltd 2.76 0.32

Grand Total 852.27 100.00Nifty Index 40.10 4.71

Nifty Stock Total 838.84 98.42Call / Reverse Repo/ CBLO Total 30.01 3.52*Net Current Asset -16.57 -1.94*



% of NAV



NAV (`) :

Growth 10.2554

Dividend 10.3205

10

Sep 30, 2010 To Sep 30, 2011 11.4565 -16.78% -18.02% -18.01%



Returns ##

^ Past performance may or may not be sustained in future# CNX Nifty## BSE Sensex

NAV per Unit (`)

FUND FEATURES

Nature: Equity


Inception Date: 9 August 2005

Fund Manager: Mr. Tridib Pathak (Since July 6, 2009)

About the fund: The portfolio is a diversified equity fund which invests across the

breadth of the market. The Scheme seeks to achieve outperformance through sector

rotation, theme selection, market cap bias and bottom up stock picking.

Current Strategy: The fund is being managed 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 around 35% exposure to midcaps and

has maintained higher diversification across sectors.

Other Parameter:

Beta 0.86

R Square 0.95


Sharpe Ratio -0.94


Asset allocation:

Equity 96.24

Debt 2.54

Cash 1.16

Derivatives 0.05

Benchmark : BSE 200

(IDFC - CEF) An Open Ended Equity Fund 31 October 2011

IDFC Classic Equity Fund

Portfolio :

Mahindra & Mahindra Ltd 701.79 4.06TVS Motor Company Ltd 610.99 3.53Hero Motocorp Ltd 540.97 3.13

ICICI Bank Ltd 814.52 4.71ICICI Bank Ltd (Futures) 175.40 1.01ING Vysya Bank Ltd 643.79 3.72Jammu & Kashmir Bank Ltd 624.63 3.61Axis Bank Ltd 623.97 3.61Bank of Baroda 262.19 1.52

Havells India Ltd 405.21 2.34Whirlpool of India Ltd 344.83 1.99Hitachi Home & Life Solutions (India) Ltd 214.96 1.24

Titan Industries Ltd 524.78 3.03

VA Tech Wabag Ltd 284.49 1.64


Manappuram Finance Ltd 738.99 4.27

Indraprastha Gas Ltd 270.73 1.56




Auto Total 1853.75 10.71




Engineering Services Total 284.49 1.64



Gas Total 270.73 1.56




% of NAV


Non - Ferrous Metals Total 480.80 2.78

Oil Total 724.95 4.19





Pharmaceuticals Total 611.70 3.54Other Equity Total 285.62 1.65Derivative Total 9.03 0.05Call / Reverse Repo/ CBLO Total 271.93 1.57*

Hindustan Zinc Ltd 480.80 2.78

Oil India Ltd 404.27 2.34Oil & Natural Gas Corporation Ltd 320.69 1.85

Reliance Industries Ltd 471.24 2.72Reliance Industries Ltd (Futures) 194.29 1.12Castrol India Ltd 455.81 2.63Hindustan Petroleum Corporation Ltd 191.55 1.11

Torrent Pharmaceuticals Ltd 493.03 2.85Cipla Ltd 339.71 1.96Dr. Reddy's Laboratories Ltd 218.86 1.27

Infosys Ltd 1026.08 5.93HCL Technologies Ltd 619.09 3.58Educomp Solutions Ltd 331.54 1.92Tata Consultancy Services Ltd 310.40 1.79Kpit Cummins Infosystem Ltd 278.31 1.61


Gateway Distriparks Ltd 366.65 2.12IL&FS Transportation Networks Ltd 245.05 1.42

Grand Total 17300.93 100.00


% of NAV



NAV (`) :





Aug 09, 2005 (Since Inception) 10.0000 10.18% 12.43% 13.11% 18,145 20,539 21,319

Sep 30, 2010 To Sep 30, 2011 22.7553 -20.26% -19.85% -18.02%

Sep 30, 2009 To Sep 30, 2010 19.2203 18.39% 20.79% 18.61% NA

Sep 30, 2008 To Sep 30, 2009 14.8681 29.27% 34.66% 29.65%

*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future# BSE 200, ## CNX Nifty

PeriodScheme




Benchmark#Alternate

Benchmark##Scheme^

NAV perUnit (`)

11

FUND FEATURES

Nature: Equity


Inception Date: 26 December 2008

Fund Manager: Mr. Neelotpal Sahai. (Since Sep 22 , 2010)

About the fund: Our ELSS Scheme aims to generate long term capital growth from a

diversified portfolio of predominantly equity and equity related securities. 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.

Current Strategy: The focus is to invest in long term growth stocks at reasonable price.

The portfolio is a 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.

Other Parameter:

Beta 0.74

R Square 0.90


Sharpe Ratio -0.98


Asset allocation:

Equity 94.82

Debt 3.75

Cash 1.43

Derivatives -

Benchmark : BSE 200

(IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving Scheme with Lock in Period of 3 Years 31 October 2011

IDFC Tax Advantage (ELSS) Fund

Portfolio :

ICICI Bank Ltd 744.92 5.48Bank of Baroda 616.92 4.53State Bank of India 571.89 4.20Punjab National Bank 289.12 2.13United Bank of India 258.83 1.90HDFC Bank Ltd 245.00 1.80

Hitachi Home & Life Solutions (India) Ltd 244.28 1.80

Godrej Consumer Products Ltd 328.01 2.41


Gujarat State Fertilizers & Chemicals Ltd 355.99 2.62

Power Finance Corporation Ltd 449.85 3.31Muthoot Finance Ltd 275.85 2.03HDFC Ltd 275.54 2.03


EROS International Media Ltd 573.08 4.21



Lupin Ltd 470.20 3.46Sun Pharmaceutical Industries Ltd 252.23 1.85







Gas Total 422.90 3.11


Oil Total 694.13 5.10




% of NAV

Power Grid Corporation Ltd 419.40 3.08NTPC Ltd 358.50 2.64



Arvind Ltd 658.50 4.84KPR Mills Ltd 215.50 1.58


Cox and Kings Ltd 217.10 1.60

Grand Total 13603.92 100.00






Transportation Total 217.10 1.60Call / Reverse Repo/ CBLO Total 510.11 3.75Net Current Asset 194.17 1.43


% of NAV


NAV (`) :

Plan NAV

Growth 19.0949

Dividend 11.7766

Sep 30, 2010 To Sep 30, 2011 21.1705 -14.47% -19.85% -18.02%

Sep 30, 2009 To Sep 30, 2010 16.3911 29.16% 20.79% 18.61%



Returns ##

^ Past performance may or may not be sustained in future# BSE 200## CNX Nifty

NAV per Unit (`)

12

FUND FEATURES

Nature: Equity & Equity Derivatives



Fund Manager: Mr. Kenneth Andrade & Mr. Suyash Choudhary (Since March 2011)

About the fund: The fund predominantly invests in arbitrage opportunity in the cash and

the derivative segments of the equity markets and the arbitrage opportunity available

within the derivative segments. The scheme seeks to capture the “cost of carry” by

executing simultaneous buy (in the cash market) and sell (in the futures) trades. The

balance is invested in debt and money market instruments.

Other Parameter:


Portfolio Turnover Ratio 35.98Times

Asset allocation:

Equity 68.75

Debt 17.96

Cash 13.28

Derivatives -

Benchmark : Crisil Liquid Fund Index

25,

(IDFC - AF) An Open Ended Equity Fund 31 October 2011

IDFC Arbitrage Fund

Portfolio :

Apollo Tyres Ltd 149.76 2.49 -151.19Balrampur Chini Mills Ltd 124.24 2.07 -125.28Mphasis Ltd 82.49 1.37 -83.08Biocon Ltd 126.40 2.10 -127.44Bharat Petroleum Corporation Ltd 193.01 3.21 -194.65Cairn India Ltd 95.46 1.59 -95.97Cipla Ltd 153.61 2.55 -154.49Coal India Ltd 146.08 2.43 -147.11Development Credit Bank Ltd 133.20 2.22 -134.38Dena Bank 61.37 1.02 -61.90Gujarat State Petronet Ltd 127.68 2.12 -128.45HDFC Bank Ltd 159.25 2.65 -160.08HDFC Ltd 161.88 2.69 -162.46HDIL 153.62 2.55 -154.85Hero MotoCorp Ltd 163.60 2.72 -164.37Hindalco Industries Ltd 140.03 2.33 -141.06Hindustan Petroleum Corporation Ltd 86.62 1.44 -87.01India Cements Ltd 141.68 2.36 -143.18IFCI Ltd 64.58 1.07 -65.07IVRCL Ltd 29.88 0.50 -30.02Indian Oil Corporation Ltd 139.68 2.32 -140.93Indiabulls Real Estate Ltd 74.95 1.25 -75.20ITC Ltd 166.26 2.76 -167.62Jindal Steel & Power Ltd 168.77 2.81 -169.95JSW Steel Ltd 207.49 3.45 -208.04Lanco Infratech Ltd 102.34 1.70 -103.58Orchid Chemicals & Pharma Ltd 147.87 2.46 -149.21


% of NAVFuturesValue of

Power Finance Corporation Ltd 16.49 0.27 -16.64PTC India Ltd 33.84 0.56 -34.10Rural Electrification Corporation Ltd 79.44 1.32 -79.93Reliance Industries Ltd 142.60 2.37 -143.51TVS Motor Company Ltd 16.48 0.27 -16.62Sterlite Industries Ltd 119.71 1.99 -120.51UCO Bank 82.78 1.38 -83.44Wipro Ltd 141.14 2.35 -142.18

Grand Total 6013.23 100.00

Equities Total 4134.24 68.75Margin Fixed Deposit Total 1000.00 16.63Corporate Bond Total 60.13 1.00Call / Reverse Repo/ CBLO Total 20.00 0.33Net Current Asset 798.85 13.28




NAV (`) :

Plan Option NAV





13

Dec 21, 2006 (Since Inception) 10.0000 6.60% 6.72% 5.47% 13,572 13,647 12,895

Sep 30, 2010 To Sep 30, 2011 12.5139 8.45% 7.77% -18.02%

Sep 29, 2009 To Sep 30, 2010 12.0577 3.78% 4.06% 20.43%

Sep 30, 2008 To Sep 30, 2009 11.5064 4.73% 6.82% 29.65%

NA

PeriodScheme

Returns ^


*Greater than 1 year returns are Compounded Annualised Returns. Past performance may or may not be sustained in future

NAV per Unit (`)

# CRISIL Liquid Fund Index

## CNX Nifty

Benchmark Returns #


Benchmark #

Alternate Benchmark ##

Scheme ^

FUND FEATURES

Nature: Equity Derivatives

Average AUM ( ): 13.35 Crores


Fund Manager:Mr. Kenneth Andrade & Mr. Suyash Choudhary ( )

About the fund: The fund is 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.

Other Parameter:


Asset allocation:

Equity 68.25

Debt 21.46

Cash 10.29

Derivatives -

Benchmark : Crisil Liquid Fund Index

Jul-Sep

Since March 25, 2011


(IDFC - APF) An Open Ended Equity Fund 31 October 2011

IDFC Arbitrage Plus Fund

Portfolio :

Apollo Tyres Ltd 32.26 4.07 -32.56

Balrampur Chini Mills Ltd 17.14 2.16 -17.28

Mphasis Ltd 24.06 3.04 -24.23

Cipla Ltd 14.77 1.86 -14.86

Coal India Ltd 16.60 2.10 -16.72

Development Credit Bank Ltd 28.80 3.64 -29.06

Dena Bank 22.61 2.85 -22.81

GAIL (India) Ltd 21.15 2.67 -21.30

Gujarat State Petronet Ltd 19.95 2.52 -20.07

Hindustan Construction Co Ltd 28.18 3.56 -28.37

HDFC Bank Ltd 18.38 2.32 -18.47

HDFC Ltd 17.22 2.17 -17.28

HDIL 25.94 3.27 -26.14

India Cements Ltd 12.88 1.63 -13.02

IFCI Ltd 21.09 2.66 -21.25

Indian Oil Corporation Ltd 14.55 1.84 -14.68

IRB Infrastructure Developers Ltd 16.44 2.07 -16.54

ITC Ltd 17.05 2.15 -17.19

Jindal Steel & Power Ltd 22.50 2.84 -22.66

JSW Steel Ltd 4.90 0.62 -4.91

Lanco Infratech Ltd 30.18 3.81 -30.54

Mahindra & Mahindra Ltd 17.31 2.18 -17.40

Polaris Software Lab Ltd 23.44 2.96 -23.62



PTC India Ltd 16.92 2.14 -17.05

Ranbaxy Laboratories Ltd 7.53 0.95 -7.58

Reliance Capital Ltd 16.66 2.10 -16.76

Reliance Industries Ltd 17.55 2.22 -17.66

Wipro Ltd 14.66 1.85 -14.77

Grand Total 792.20 100.00

Equities Total 540.69 68.25

Fixed Deposit Total 150.00 18.93


Net Current Asset 81.51 10.29




NAV (`) :





Jun 09, 2008 (Since Inception) 10.0000 6.07% 6.39% 2.87% 12,152 12,275 10,983

Sep 30, 2010 To Sep 30, 2011 11.3575 6.99% 7.77% -18.02%

Sep 29, 2009 To Sep 30, 2010 10.9194 4.01% 4.06% 20.43%

Sep 30, 2008 To Sep 30, 2009 10.1495 7.53% 6.82% 29.65%

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# CRISIL Liquid Fund Index

## CNX Nifty

Benchmark Returns #


Benchmark #


Scheme ^

14

FUND FEATURES

Nature: Equity



Fund Manager: Neelotpal Sahai ( Since Sep 22, 2010)

About the fund: 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 .

Current Strategy: 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.

Other Parameter:



Beta 0.82

R Square 0.92

Sharp Ratio -0.78%

Benchmark : BSE 200

(IDFC –TS (ELSS) Fund) A 10 Year Close Ended Equity Linked Saving Scheme 31October 2011

IDFC Tax Saver (ELSS) Fund

Portfolio :


ICICI Bank Ltd 186.23 4.41HDFC Bank Ltd 171.50 4.06Bank of Baroda 154.23 3.65State Bank of India 142.97 3.38Punjab National Bank 130.81 3.09

Godrej Consumer Products Ltd 218.68 5.17Britannia Industries Ltd 117.26 2.77

Muthoot Finance Ltd 183.90 4.35HDFC Ltd 172.21 4.07

GAIL (india) Ltd 169.16 4.00

EROS International Media Ltd 254.70 6.02Zee Entertainment Enterprises Ltd 121.90 2.88



Lupin Ltd 164.57 3.89Sun Pharmaceutical Industries Ltd 126.11 2.98


Auto Total 109.07 2.58




Gas Total 169.16 4.00


Oil Total 277.65 6.57




% of NAV





Grand Total 4227.61 100.00




Textiles - Cotton Total 123.39 2.92Other Equity Total 18.07 0.43Call / Reverse Repo/ CBLO Total 20.00 0.47Net Current Asset 83.65 1.98



% of NAV


Sep 30, 2010 To Sep 30, 2011 15.6225 -15.52% -19.85% -18.02%

Sep 30, 2009 To Sep 30, 2010 12.3321 26.68% 20.79% 18.61%

Sep 30, 2008 To Sep 30, 2009 9.0561 36.17% 34.66% 29.65%

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# BSE 200

## CNX Nifty

Benchmark Returns #


Benchmark #


Scheme ^

15

Option NAV

Growth 13.9718

Dividend 13.9715

NAV (`) :

FUND FEATURES

Nature: Debt


Inception Date: 25 February 2010

Fund Manager: Mr. Kenneth Andrade & Mr. Suyash Choudhary ( )

About the fund: MIP is an actively managed fund which endeavors to deliver consistent

performance and limit downside risk. It is a blend of high quality fixed income assets and

equity assets.

Other Parameter:

Benchmark :

Jul-Sep

Since Dec 23, 2010

Current Strategy: The fund offers up to 25% participation in the equity markets with the

balance invested in Fixed income. The Equity Portfolio is diversified across sectors and

aims to capture growth at reasonable valuations. The fixed income portfolio will move

dynamically between cash, government bonds, money market and corporate bonds to

optimize performance.

Standard deviation: 1.04%

Modified Duration: 2.25 Years

Average Maturity: 2.93 Years

Yield to Maturity: 9.55%

Portfolio Turnover Ratio: 3.33 Times

Crisil MIP Blended Index

(IDFC - MIP) An Open Ended Debt Fund 31 October 2011

IDFC Monthly Income Plan

Portfolio :

Clearing Corporation of India Ltd 22.92

NABARD AAA 15.40

HDFC Ltd AAA 12.75

M&M Financial Services Ltd AA+ 7.33

Shriram Transport Finance Co Ltd AA 6.44

Export Import Bank of India AAA 5.94

Tata Sons Ltd AAA 5.75

HDFC Bank Ltd AAA 2.68

Reliance Ports and Terminals Ltd AAA 2.53

Bajaj Finance Ltd LAA+ 0.72

Shriram Transport Finance Co Ltd AA+ 0.58

7.83 % GOI (MD 11/04/2018) SOV 14.07

Grand Total 100.00

Nifty Index 2.30

CBLO Total 22.92

Corporate Bond Total 60.12

Government Bond Total 14.07

Equity Total 15.18

Net Current Asset -12.30*

Equity Futures Total 2.30

Name Rating Total

NAV (`) :

10.3488

10.9206

Quarterly 10.2433

Dividend

Growth

Dividend

16

Plan A Growth Option (NAV as on Sep 29, 2011 per Unit) 10.8886`

Sep 29, 2010 To Sep 29, 2011 10.6987 1.77% 2.21% NA

PeriodScheme

Returns ^Alternate Benchmark

Returns ##


Benchmark Returns #NAV per Unit (`)

# Crisil MIP Blended Index## 10 Year GOI


FUND FEATURES

Nature: Liquid Fund

Average AUM ( ): 9,696.44 Crores

Inception Date: 2 July 2001

Fund Manager: Mr. Anupam Joshi (Since October 2008)

About the fund: The Scheme aims to invest in a highly quality money market

instruments with high liquidity and seeks to generate accrual income with low volatility.

Other Parameter:


Modified Duration: 34.96 Days

Average Maturity: 37.05 Days

Benchmark : Crisil Liquid Fund Index (CLFI)

Jul-Sep

Current Strategy: The scheme is invested in short maturity liquid instruments in line with

its objectives



(IDFC - CF) An Open Ended Liquid Fund 31 October 2011

IDFC Cash Fund

Portfolio :


Vijaya Bank PR1+ 9.82

Punjab National Bank PR1+ 9.17

Canara Bank P1+ 7.08

Central Bank of India PR1+ 6.64

State Bank of Bikaner & Jaipur P1+ 6.39

Punjab & Sind Bank A1+ 5.70

Bank of Maharashtra P1+ 4.45

United Bank of India A1+ 3.78

Axis Bank Ltd A1+ 3.54

Indusind Bank Ltd A1+ 3.16

ICICI Bank Ltd A1+ 2.54

Kotak Mahindra Bank Ltd P1+ 2.53

Oriental Bank of Commerce P1+ 1.26

Bank of India P1+ 1.26

Allahabad Bank A1+ 1.07

Syndicate Bank PR1+ 0.95

State Bank of Travancore P1+ 0.88

Federal Bank Ltd P1+ 0.76

Jammu & Kashmir Bank Ltd P1+ 0.32

State Bank of Mysore P1+ 0.32

ING Vysya Bank Ltd P1+ 0.13

Central Bank of India P1+ 0.06

Allahabad Bank P1+ 0.03

State Bank of Hyderabad A1+ 0.00

Indian Oil Corporation Ltd P1+ 6.60

Edelweiss Financial Services Ltd P1+ 1.90

SBI Global Factors Ltd P1+ 1.08

Apollo Tyres Ltd P1+ 0.32

Hindustan Petroleum Corporation Ltd P1+ 0.06

CBLO Total 3.49

Certificate of Deposit Total 75.64

Commercial Paper Total 9.96

Net Current Asset 10.92

UCO Bank P1+ 3.80

Grand Total 100.00

Name Rating

% of NAV

NAV (`) :

Plan A Growth 18.2752Plan A Dividend Daily 10.5819Plan A Dividend Weekly 10.0170Plan A Dividend Monthly 10.0070Plan A Dividend Periodic 10.1617Plan B Growth 18.4404Plan B Dividend Daily 10.5873Plan C Growth 12.5516Plan C Dividend Daily 10.0025Plan C Dividend Weekly 10.0074Plan C Dividend Periodic 10.0614Plan C Dividend Monthly 10.0074

Plan Option Freq NAV

Fund PerformanceUnder The IDFC-CF-Plan A Growth

IDFC-CF Growth Crisil Liquid Fund Index

Past performance may or may not be sustained in future.


6.01%

8.37% 8.38% 8.39% 8.13%

6.29% 6.06% 6.38% 5.97%

8.22% 8.15% 8.02% 7.93%

6.13% 6.17% 6.72%

(Annualised)

7 Days

(Annualised)

15 Days

(Annualised)

30 Days

CAGR Last 1

Year

CAGR Last

2 Years

CAGR Last

3 Years

CAGR Last

5 Years

CAGR Last

10 Years

CAGR Since

Allotment

02/07/2001

17

FUND FEATURES

Nature: Debt




About the fund: 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.


its objectives

Other Parameter:

Modified Duration: 57.23

Average Maturity : 60.28

Benchmark : NSE MIBOR INDEX

Jul-Sep


Days

Days



(IDFC - MMF - TP) An Open Ended Income Fund 31 October 2011

IDFC Money Manager Fund – Treasury Plan

Feb 18, 2003 (Since Inception) 10.0000 5.91% 5.87% NA 16,407 16,353 NA

Sep 29, 2010 To Sep 29, 2011 15.1791 8.09% 7.48% NA

Sep 29, 2009 To Sep 29, 2010 14.5241 4.51% 4.26% NA

Sep 30, 2008 To Sep 29, 2009 13.5975 6.81% 4.83% NA

NA

PeriodScheme

Returns ^


Plan A Growth Option (NAV as on Sep 29, 2011` per Unit) 16.407


Portfolio :

Bank of Maharashtra P1+ 9.85Andhra Bank PR1+ 9.78Syndicate Bank PR1+ 9.45ING Vysya Bank Ltd P1+ 8.46ICICI Bank Ltd A1+ 7.77Axis Bank Ltd P1+ 6.44Canara Bank P1+ 3.53Indusind Bank Ltd A1+ 2.18Andhra Bank A1+ 2.13Kotak Mahindra Bank Ltd P1+ 1.70State Bank of Patiala A1+ 1.63Oriental Bank of Commerce P1+ 1.61Axis Bank Ltd A1+ 1.53UCO Bank P1+ 1.18State Bank of Bikaner & Jaipur P1+ 1.09State Bank of India P1+ 1.09State Bank of Patiala P1+ 1.09IDBI Bank Ltd A1+ 1.09Indian Overseas Bank A1+ 1.06Central Bank of India PR1+ 0.87State Bank of Hyderabad A1+ 0.61State Bank of Mysore P1+ 0.29Vijaya Bank PR1+ 0.13Jammu & Kashmir Bank Ltd P1+ 0.11Corporation Bank P1+ 0.11HDFC Bank Ltd PR1+ 0.08

Clearing Corporation of India Ltd 0.36CBLO Total 0.36

State Bank of Travancore P1+ 0.05Canara Bank A1+ 0.001

Hindustan Petroleum Corporation Ltd P1+ 13.01NABARD P1+ 9.00Indian Oil Corporation Ltd P1+ 0.61SBI Global Factors Ltd P1+ 0.44

National Housing Bank AAA 1.10Britannia Industries Ltd AAA 0.00

Kotak Mahindra Prime Ltd AA+ 0.28HDFC Ltd AAA 0.09

91 Days TBill (MD 25/11/2011) SOV 0.44364 Days TBill (MD 24/02/2012) SOV 0.32

Grand Total 100.00




Zero Coupon Bond Total 0.38

Treasury Bill Total 0.76Net Current Asset -0.56

Name Rating

% of NAV Name Rating

% of NAV

NAV (`) :

Plan Option Freq NAVPlan A Growth 16.5260Plan A Dividend Monthly 10.1814Plan A Dividend Daily 10.0699Plan A Dividend Weekly 10.0257Plan B Growth 16.5376Plan B Dividend Daily 10.0703Plan B Dividend Weekly 10.0451Plan B Dividend Monthly 10.0917Plan C Dividend Daily 10.0015Plan C Growth 12.2731Plan C Dividend Weekly 10.0641Plan C Dividend Monthly 10.0082Plan D Growth 11.3904Plan D Dividend Daily 10.0033Plan F Growth 11.2133

NAV per Unit (`)

# NSE Mibor Index

## 1 Year T-Bill

Benchmark Returns #


Benchmark #


Scheme ^

18

FUND FEATURES

Nature: Debt



Fund Manager: Mr. Suyash Choudhary (Since March 11, 2011)

About the fund: The Scheme seeks to invest in a mix of government securities and

highly rated corporate bonds and aims to generate stable longterm returns through mix

of accrual income and capital appreciation.

Current Strategy: The fund is invested in a mix of money market and short duration

corporate bonds to optimize performance.

Other Parameter:



Benchmark : CRISIL Short-Term Bond Fund Index (CSTBFI)

Jul-Sep




(IDFC - SSIF - ST) An Open Ended Income Fund 31 October 2011

IDFC Super Saver Income Fund – Short Term


Portfolio :



State Bank of Patiala A1+ 5.78



IDBI Bank Ltd P1+ 0.26

Axis Bank Ltd P1+ 0.26

Sundaram Finance Ltd P1+ 1.97

HDFC Ltd AAA 13.44

NABARD AAA 12.51

M&M Financial Services Ltd AA+ 7.74

Shriram Transport Finance Co Ltd AA+ 7.64

Sundaram Finance Ltd LAA+ 6.13

Power Finance Corporation Ltd AAA 5.00

Tata Sons Ltd AAA 3.77

Export Import Bank of India AAA 3.59

Bajaj Finance Ltd AA+ 2.87

Shriram Transport Finance Co Ltd AA 1.87

L&T Finance Ltd AA+ 1.23

Bajaj Finance Ltd LAA+ 1.22

CBLO Total 5.93




Name Rating

% of NAV

NAV (`) :



Plan A Dividend Monthly 10.0709

Plan A Dividend Fortnightly 10.2454


Plan B Dividend Monthly 10.2156

Plan B Dividend Fortnightly 10.9221

Plan C Growth 11.8647

Plan C Dividend Monthly 10.6156

Plan C Dividend Fortnightly 10.1269

Plan D Growth 13.7199

Plan D Dividend Monthly 10.9639

Plan D Dividend Fortnightly 10.8756

Plan F Growth 11.1768

Sundaram Finance Ltd LAA+ 3.62

Grand Total 100.00

Zero Coupon Bond Total 3.62


Name Rating

% of NAV

Dec 14, 2000 (Since Inception) 10.0000 7.14% NA NA 21,055 NA NA

Sep 29, 2010 To Sep 29, 2011 19.5595 7.65% 6.80% NA

Sep 29, 2009 To Sep 29, 2010 18.7531 4.30% 4.92% NA

Sep 30, 2008 To Sep 29, 2009 16.6215 12.82% 10.43% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# CRISIL Short-Term Bond Fund Index

## 1 Year T-Bill

Benchmark Returns #


Benchmark #


Scheme ^

19

FUND FEATURES

Nature:



Fund Manager: Mr. Anupam Joshi (Since March 2009)


highly rated corporate bonds and aims to generate stable longterm returns through mix


Current Strategy: The fund is predominantly invested in a mix of medium tenor

corporate bonds, certificate of deposits, and government bonds.

Other Parameter:


Average Maturity : 2.85 Years

Benchmark : Crisil Short Term Bond Fund Index (CSTBFI)

Debt

Jul-Sep




(IDFC - SSIF-MT) An Open Ended Income Fund 31 October 2011

IDFC Super Saver Income Fund – Medium Term


Portfolio :

1.04


NABARD AAA 13.61HDFC Ltd AAA 13.39Reliance Utilities & Power Pvt Ltd AAA 11.08M&M Financial Services Ltd AA+ 10.93Shriram Transport Finance Co Ltd AA+ 8.63Sundaram Finance Ltd LAA+ 6.66Sundaram BNP Paribas Home Fina Ltd AA+ 6.17Shriram Transport Finance Co Ltd AA 2.33

7.83 GOI (MD 11/04/2018) SOV 10.787.99 GOI (MD 09/07/2017) SOV 4.36

Grand Total 100.00

Clearing Corporation of India LtdCBLO Total 1.04



Government Bond Total 15.13Net Current Asset 4.75

Name Rating

% of NAV

Rating & Ranking

Value Research Ranking Morningstar Rating


NAV (`) :



Plan A Dividend BiMonthly 10.6379

Plan A Dividend Fortnightly 10.0962

Plan A Monthly 10.1607

Plan A Dividend Daily 10.1070

Plan A 10.1714



Plan B Monthly 10.0066


Plan F Dividend 10.0978

Dividend

Dividend Quarterly

Dividend

Jul 08, 2003 (Since Inception) 10.0000 6.97% 6.08% NA 17,421 16,256 NA

Sep 29, 2010 To Sep 29, 2011 16.2053 7.50% 6.80% NA

Sep 29, 2009 To Sep 29, 2010 14.9786 8.19% 4.92% NA

Sep 30, 2008 To Sep 29, 2009 13.1874 13.58% 10.43% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# CRISIL Short-Term Bond Fund Index

## 1 Year T-Bill

Benchmark Returns #


Benchmark #


Scheme ^

20

FUND FEATURES

Nature:



Fund Manager: Mr. Suyash Choudhary (Since Oct 2010)


highly rated corporate bonds and aims to generate stable long-term returns through mix


Current Strategy: The fund is predominantly invested in a mix of corporate bonds and

government bonds. The fund will actively monitor the dynamic interest rate and credit

spread environment to optimize performance.

Other Parameter:



Benchmark : CRISIL Composite Bond Fund Index

Debt

Jul-Sep

15,




(IDFC - SSIF - IP) An Open Ended Income Fund 31 October 2011

IDFC Super Saver Income Fund – Investment Plan


Portfolio :


HDFC Ltd AAA 15.86M&M Financial Services Ltd AA+ 13.45NABARD AAA 13.19Tata Sons Ltd AAA 11.55Shriram Transport Finance Co Ltd AA+ 7.26Export Import Bank of India AAA 6.17HDFC Bank Ltd AAA 5.89Reliance Ports and Terminals Ltd AAA 5.56Shriram Transport Finance Co Ltd AA 0.30

7.83 GOI (MD 11/04/2018) SOV 18.378.08 GOI (MD 02/08/2022) 1.69

Grand Total 100.00

CBLO Total 12.29


Government Bond Total 20.05Net Current Asset -11.56

Name Rating

% of NAV

NAV (`) :


Plan A 11.1665


Plan A Dividend Annual 12.5523

Plan A Dividend Half Yearly 10.9801



Plan C Dividend 11.2121

Plan C Growth -


Dividend Quarterly

Rating & Ranking

Morningstar Rating


Morningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating

Jul 14, 2000 (Since Inception) 10.0000 8.15% NA NA 24,078 NA NA

Sep 29, 2010 To Sep 29, 2011 22.8067 5.57% 5.58% NA

Sep 29, 2009 To Sep 29, 2010 21.8770 4.25% 5.47% NA

Sep 30, 2008 To Sep 29, 2009 19.1541 14.22% 9.99% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# CRISIL Composite Bond Fund Index

## 10 Year GOI

Benchmark Returns #


Benchmark #


Scheme ^

21

FUND FEATURES

Nature:



Fund Manager: Mr. Suyash Choudhary (Since Oct15, 2010)


highly rated corporate bonds and seeks to generate returns by actively managing the

interest rate volatility.

Current Strategy: The fund is predominantly invested in a mix of corporate bonds and

government bonds. The fund will move dynamically between cash, government bonds,

money market and corporate bonds to optimize performance.

Other Parameter:


Average Maturity : 3.35 Years

Benchmark : CRISIL Composite Bond Fund Index

Debt

Jul-Sep




(IDFC - DBF) An Open Ended Income Fund 31 October 2011

IDFC Dynamic Bond Fund


Portfolio :


NABARD AAA 14.67Export Import Bank of India AAA 12.76Tata Sons Ltd AAA 11.25HDFC Ltd AAA 11.23Reliance Ports and Terminals Ltd AAA 6.73M&M Financial Services Ltd AA+ 6.48Bajaj Finance Ltd LAA+ 5.39Shriram Transport Finance Co Ltd AA+ 4.85Shriram Transport Finance Co Ltd AA 4.71

7.83 GOI (MD 11/04/2018) SOV 18.54

Grand Total 100.00

CBLO Total 28.15


Government Bond Total 18.54Net Current Asset -24.76

Name Rating

% of NAV

NAV (`) :




Plan A Dividend Quarterly 11.6644



Rating & Ranking

Morningstar Rating



Jun 25, 2002 (Since Inception) 10.0000 7.73% 5.87% NA 19,940 16,963 NA

Sep 29, 2010 To Sep 29, 2011 18.5217 7.65% 5.58% NA

Sep 29, 2009 To Sep 29, 2010 18.0191 2.79% 5.47% NA

Sep 30, 2008 To Sep 29, 2009 15.5294 16.03% 9.99% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# CRISIL Composite Bond Fund Index

## 10 Year GOI

Benchmark Returns #


Benchmark #


Scheme ^

22

FUND FEATURES

Nature:







Current Strategy: The scheme is invested in CDs up to 6 months maturity in order to

optimize portfolio yields.

Other Parameter:

Modified Duration: 128.28

Average Maturity: 134.56

%

Benchmark : NSE Mibor Index

Debt

Jul-Sep


Days

Days

Yield to Maturity: 9.38


(IDFC - MMF - IP) An Open Ended Income Fund 31 October 2011

IDFC Money Manager Fund – Investment Plan


Portfolio :


Bank of Baroda P1+ 13.90


State Bank of Patiala P1+ 8.35

Canara Bank P1+ 8.19


State Bank of Patiala A1+ 5.59

Indian Bank F1+ 5.58


Bank of India A1+ 5.56

Central Bank of India PR1+ 5.02

Punjab National Bank PR1+ 3.64

Central Bank of India P1+ 2.79

Corporation Bank P1+ 2.79

Syndicate Bank P1+ 2.79

State Bank of Mysore P1+ 2.78

UCO Bank P1+ 2.78

State Bank of Travancore P1+ 2.37

Canara Bank A1+ 1.96

Syndicate Bank PR1+ 1.95

Bank of Baroda A1+ 0.56

State Bank of India P1+ 0.56

CBLO Total 0.18

Name Rating

% of NAV






Plan A Dividend Weekly 10.0302



Plan B Dividend Monthly 10.0554

Plan B Dividend Weekly 10.0799

Plan B Dividend Daily 10.1667


NAV (`) :

Name Rating

% of NAV

Andhra Bank PR1+ 0.54

Union Bank of India P1+ 0.35

Grand Total 100.00


Net Current Asset -0.10

Aug 09, 2004 (Since Inception) 10.0000 6.40% 6.08% NA 15,579 15,246 NA

Sep 29, 2010 To Sep 29, 2011 14.4182 8.05% 7.48% NA

Sep 29, 2009 To Sep 29, 2010 13.7361 4.97% 4.26% NA

Sep 30, 2008 To Sep 29, 2009 12.9298 6.24% 4.83% NA

NA

PeriodScheme

Returns ^



Benchmark Returns #


NAV per Unit (`)

Benchmark #


# NSE Mibor Index

## 1 Year T-Bill

Scheme ^

23

FUND FEATURES

Nature: Debt



Fund Manager: Mr. Suyash Choudhary ( Oct 15, 2010)

About the fund: The Scheme proposes to invest only in government securities with the

aim of generating stable medium-term returns.

Other Parameter:

Modified duration 0.00 Years



Benchmark : I-SEC Composite Index

Jul-Sep

Since

Current Strategy: The fund is mostly into overnight assets



(IDFC –GSF-ST) An Open Ended Dedicated Gilt Fund 31October 2011

IDFC Government Securities Fund – Short Term Plan

Portfolio :


Grand Total 100.00

Name Rating

Total


NAV (`) :

Plan A 14.4055

Plan A Monthly) 10.0156

Plan A Quarterly) 10.1382

Growth

Dividend(

Dividend(

Mar 09, 2002 (Since Inception) 10.0000 3.88% NA NA 14,394 NA NA

Sep 29, 2010 To Sep 29, 2011 14.0620 2.36% 6.30% NA

Sep 29, 2009 To Sep 29, 2010 13.6733 2.84% 5.65% NA

Sep 30, 2008 To Sep 29, 2009 13.2103 3.50% 15.49% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# I-Sec Composite Index

## 1 Year T-Bill

Benchmark Returns #


Benchmark #


Scheme ^

24

FUND FEATURES

Nature: Debt

Average AUM


Fund Manager: Mr. Suyash Choudhary (Since Oct 15, 2010)

About the fund: The Scheme propose to invest only in government securities with the

aim of generating stable medium-term returns.

Benchmark : I-SEC Composite Index

(Jul-Sep): 17.18 Crores

Current Strategy: The funds are positioned in the segments of the yield curve where

returns are expected to be optimum.

Other Parameter:






(IDFC –GSF-PF) An Open Ended Dedicated Gilt Fund 31October 2011

IDFC Government Securities Fund – Provident Fund Plan

Portfolio :


7.83 GOI (MD 11/04/2018) SOV 76.27

8.08 GOI (MD 02/08/2022) SOV 21.32

Grand Total 100.00

CBLO Total 40.03



Name Rating

% of NAV

NAV (`) :

Plan Option NAV


Plan A 11.3394

Plan B 16.2969


Freq

Dividend Annual

Growth

Quarterly


Rating & Ranking

Morningstar Rating




Mar 29, 2004 (Since Inception) 10.0000 6.57% 5.98% NA 16,120 15,465 NA

Sep 29, 2010 To Sep 29, 2011 15.0594 7.04% 6.30% NA

Sep 29, 2009 To Sep 29, 2010 14.6302 2.93% 5.65% NA

Sep 30, 2008 To Sep 29, 2009 12.5585 16.50% 15.49% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)


## 10 Year GOI

Benchmark Returns #


Benchmark #


Scheme ^

25

Value Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research RankingValue Research Ranking

FUND FEATURES

Nature: Debt



Fund Manager: Mr. Suyash Choudhary ( Oct 15, 2010)

About the fund: The Scheme proposes to invest only in government securities with the aim

of generating stable medium-term returns.

Current Strategy: The funds are positioned in the segments of the yield curve where

returns are expected to be optimum.

Benchmark :

Jul-Sep

Since

Other Parameter:






I-Sec Composite Index

(IDFC –GSF-IP) An Open Ended Dedicated Gilt Fund 31October 2011

IDFC Government Securities Fund – Investment Plan


NAV (`) :



Plan A Dividend Quaterly 11.3999

Plan A Dividend Half Yearly 11.2258




Portfolio :


7.83 GOI (MD 11/04/2018) SOV 66.58

8.08 GOI (MD 02/08/2022) 25.80

Grand Total 100.00

CBLO Total 43.34



SOV

Name Rating

% of NAV

Mar 09, 2002 (Since Inception) 10.0000 6.98% NA NA 19,070 NA NA

Sep 29, 2010 To Sep 29, 2011 17.7891 7.20% 6.30% NA

Sep 29, 2009 To Sep 29, 2010 17.3824 2.34% 5.65% NA

Sep 30, 2008 To Sep 29, 2009 15.2436 14.03% 15.49% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)


## 10 Year GOI

Benchmark Returns #


Benchmark #


Scheme ^

26

FUND FEATURES

Nature:


Inception Date: 17 January 2006

Fund Manager: Mr. Anupam Joshi (

About the fund: The Scheme aims to invest predominantly in the overnight money

market so as to represent the returns of that part of the money market.


its objectives.

Benchmark :

Income Fund

Jul-Sep

Since Inception)

Other Parameter:



Modified duration 133.35 Days



Crisil Liquid Fund Index (CLFI)

(IDFC –USTF) An Open Ended Income Fund 31October 2011

IDFC Ultra Short Term Fund


Portfolio :


Axis Bank Ltd P1+ 28.39Indusind Bank Ltd A1+ 17.04UCO Bank P1+ 13.67Kotak Mahindra Bank Ltd P1+ 13.65ICICI Bank Ltd A1+ 6.81Indian Overseas Bank A1+ 5.13

Sesa Goa Ltd P1+ 6.81Tata Capital Ltd A1+ 6.81Sundaram Finance Ltd P1+ 1.66

Grand Total 100.00

CBLO Total 0.18


Commercial Paper Total 15.28Net Current Asset -0.15

Name Rating

% of NAV

NAV (`) :




Plan A Dividend Weekly 10.0135


Plan A Dividend Periodic 10.0272

Jan 17, 2006 (Since Inception) 10.0000 6.26% 6.60% NA 14,139 14,395 NA

Sep 29, 2010 To Sep 29, 2011 12.9696 9.02% 7.76% NA

Sep 29, 2009 To Sep 29, 2010 12.3943 4.64% 4.04% NA

Sep 30, 2008 To Sep 30, 2009 11.8164 4.90% 6.82% NA

NA

PeriodScheme

Returns ^



NAV per Unit (`)

# Crisil Liquid Fund Index

## 1 Year T-Bill

Benchmark Returns #


Benchmark #


Scheme ^

27

FUND FEATURES

Nature: Fund of Fund

Average AUM ( ):


Fund Manager: Ms.Punam Sharma (Since Oct 3, 2011)

About the fund: IDFC Asset Allocation 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.

Jul-Sep

An Open Ended Fund of Funds Scheme 31 October 2011

IDFC Asset Allocation Fund

Portfolio :

Clearing Corporation of India Ltd - 0.12 0.33

Gold Goldman Sachs ETF (Gold Bees) - 5.28 11.16

IDFC Cash Fund 45.48 - -

IDFC Money Manager Fund-Investment Plan - - 0.48

IDFC Money Manager Fund -Treasury Plan - 15.97 9.53

IDFC Dynamic Bond Fund - 7.18 -

IDFC Super Saver Income Fund - Medium Term Plan - 16.30 -

IDFC Super Saver Income Fund - Investment Plan 43.11 30.00 29.69

IDFC Imperial Equity Fund 5.01 11.90 22.42

IDFC Sterling Equity Fund 6.28 13.98 27.18

Grand Total 100.00 100.00 100.00

CBLO Total 0.12 0.33

Gold Total 5.28 11.16

Debt Total 88.58 69.43 39.71

Equity Total 11.29 25.88 49.60

Net Current Asset 0.13 -0.71 -0.79

Name ModeratePlan

AggressivePlan

(% of NAV)

Moderate Plan

Equity (Including Offshore

Equity) Fund

Debt Fund(Including

Liquid funds)

Alternate (Including Gold/

Commodity Equity Funds)

Money Market Securities

Aggressive Plan

Standard Allocation

ConservativePlan

NAV (`) :

Plan

Dividend 10.6432 11.1466 11.1702

Growth 10.9750 11.3568 11.4858

Conservative Plan Moderate Plan Aggressive Plan

Sep 29, 2010 To Sep 29, 2011 10.5041 3.94% 2.21% NA

Period SchemeReturns ^


Past performance may or may not be sustained in future

Conservative Plan

Conservative Plan

Moderate Plan Aggressive PlanConservative Plan

`68.97 Crores `178.69 Crores `197.96 Crores

Contd..

NAV per Unit (`)

# CRISIL MIP Blended Index

## 10 Year GOI


Benchmark Returns #

28

% to net assets

10-15% 25-30% 45-50%

0-90% 0-70% 0-45%

0% 5-10% 10-15%

0-15% 0-15% 0-15%

31 October 2011

IDFC Asset Allocation Fund


Plan A Growth Option (NAV as on Sep 29, 2011 per Unit) 11.3296`

Moderate Plan

Aggressive Plan

An Open Ended Fund of Funds SchemeOther Parameter: ModeratePlan

1.84 Years

9.32%

0.18 0.24 0.10

Standard Deviation: 0.63% 1.06% 1.91%

Modified Duration(for Debt scheme): 1.76 Years 1.90 Years 1.19 Years

Average Maturity (for Debt scheme): 1.99 Years 1.24 Years

Yield to Maturity: 9.53% 9.56%

Portfolio Turnover Ratio: Times Times Times

AggressivePlan

ConservativePlan

Benchmark

Conservative Plan Crisil MIP Blended Index

Moderate Plan Crisil MIP Blended Index

Aggressive Plan Crisil Balanced Fund Index

Sep 29, 2010 To Sep 29, 2011 10.8827 3.43% 2.21% NA

PeriodScheme

Returns ^

^ Past performance may or may not be sustained in future

NAV per Unit (`)

# CRISIL MIP Blended Index

## 10 Year GOI

Sep 29, 2010 To Sep 29, 2011 11.3331 -0.03% -8.82% NA

PeriodScheme

Returns ^Alternate Benchmark

Returns ##

^ Past performance may or may not be sustained in future

Benchmark Returns #NAV per Unit (`)

# Crisil Balanced Fund Index## 10 Year GOI


Benchmark Returns #

29

FUND FEATURES

Nature:



Fund Manager: Ms. Punam Sharma (Since Oct 03, 2011)

About the fund: 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.

Debt

Jul-Sep

Benchmark : Crisil MIP Blended Index

(IDFC –CPOF-S-I) A Three Year Close Ended Scheme 31October 2011

IDFC Capital Protection Oriented Fund - Series I

Portfolio :



ITC Ltd 139.06 0.92


HDFC Ltd 109.32 0.73











Grand Total 15060.78 100.00



Corporate Bond Total 11983.83 79.57

Mutual Fund Units Total 316.17 2.10



Name Market Value % of NAVin Lac(`)

Option NAV

Growth 10.6457

Dividend 10.6457

NAV (`) :

30

FUND FEATURES

Nature:



Fund Manager:

About the fund: 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.

Debt

Jul-Sep

Ms. Punam Sharma (Since Oct 03, 2011)


(IDFC –CPOF-S-II) A Three Year Close Ended Scheme 31October 2011

IDFC Capital Protection Oriented Fund - Series II

Portfolio :



ITC Ltd 35.69 0.90


HDFC Ltd 28.02 0.71











Grand Total 3958.12 100.00




Zero Coupon Bond Total 239.64 6.05



NAV

Growth 10.4773

Dividend

Option

10.4773

NAV (`) :

31

FUND FEATURES

Nature:



Fund Manager:




Debt

Jul-Sep



(IDFC –CPOF-S-III) A Three Year Close Ended Scheme 31October 2011

IDFC Capital Protection Oriented Fund - Series III

Portfolio :



ITC Ltd 14.82 0.89


HDFC Ltd 11.63 0.70











Grand Total 1667.70 100.00







NAV

Growth 10.3664

Dividend 10.3664

Option

NAV (`) :

32

FUND FEATURES

Nature:


Inception Date: 08 November 2010

Fund Manager:

Debt

Jul-Sep



(IDFC –SSS-I) A Close Ended Debt Scheme 31October 2011

IDFC SAVING SCHEME - SERIES I

Portfolio :



ITC Ltd 29.51 0.79


HDFC Ltd 23.12 0.62











Grand Total 3737.08 100.00





Mutual Fund Units Total 631.21 16.89




% of NAV NAV

Growth 9.9545

Dividend 9.9545

Option

NAV (`) :

33

IDFC Fixed Maturity Plan

34

IDFC-FMP-Sixteen Months Series 3

Allotment Date : 21 Feb 2011

Date of Maturity: 21 Jun 2012

Portfolio

Sr. Name of Market Value % to Net Asset

No. Instrument (in Lakh) of the scheme

(I) Private Corporate Bodies - -

(II) PSUs - -

(III) Banks/FI (including NBFC) 4,491.83 40.24

(IV) Others - -

Sub Total (A=I+II+III+IV) 4,491.83 40.24

(V) Single Loan - -

(VI) Pool - -

Sub Total (B=V+VI) - -

(VII) CPs 2,344.29 21.00

(VIII) CDs 4,105.93 36.79

(IX) T Bills - -

(X) CBLOs/Repos - -

(XI) Bills Rediscounting/BRDS - -

(XII) Others - -

Sub Total (C=VII+VIII+IX+X+XI+XII) 6,450.22 57.79

Net Assets (A+B+C+D+E+F+G) 11,161.83 100.00

A Bonds and Debentures of :

B Securitised Debt Instruments

C Money Market Instruments

D Government Securities - -

E Fixed Deposits - -

F Cash and Net Current Assets 219.78 1.97

G Others (Pls specify)

NAV

Plan (`/Unit*)

Dividend 10.5679

Growth 10.6451* Face Value per unit = ` 10

(as on 31st Oct 2011)

Annexure

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 Rs. Lakh)

Total Pool

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

Total

C) Money Market Instruments

Name of Market Value Rating % to the Scheme

the Issuer (in Rs. Lakh) Net Assets of

Total 2,344.29 21.00

ICICI Bank Ltd. 2,824.49 A1+ 25.30HDFC Bank Ltd. 1,281.44 PR1+ 11.48Total 4,105.93 36.79

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos

(XI) Bills Rediscounting/BRDS

(XII) Others

Kotak Mahindra Prime Ltd 2,344.29 A1+ 21.00

D) Government Securities

Details of Market Value % to Securities (in Rs. Lakh) of the Scheme

Net Assets

Total Total

E) Fixed Deposits

Bank Name Amount % to of the Scheme

(in Rs. Lakh) Net Assets

(V)

(VI)

A) Bonds & Debentures Category of Issuer Name of the Issuer Market Value (in Rating % to Net Assets of

Rs.lakh) the Scheme

Total - -

Total - -

Sundaram BNP Paribas Home Fina Ltd 1,497.89 AA+ 13.42Sundaram Finance Ltd 1,497.18 P1+ 13.41Housing Development Finance Corporation Ltd 999.79 AAA 8.96Mahindra & Mahindra Financial Services Ltd 496.97 AA+ 4.45Total 4,491.83 40.24

(I) Private Corporate Bodies

(II) PSUs

(III) Banks/FI (including NBFC)


IDFC-FMP – Seventeen Months Series – 3

Allotment Date : 11 Mar 2011

Date of Maturity: 02 Aug 2012

Annexure



Total Pool


Total




(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Bajaj Finance Ltd 930.05 P1+ 21.67Total 930.05 21.67

Axis Bank Ltd 470.10 P1+ 10.96IDBI Bank Ltd 461.10 P1+ 10.75HDFC Bank Ltd 131.91 PR1+ 3.07ICICI Bank Ltd 94.15 A1+ 2.19Yes Bank Ltd 35.51 A1+ 0.83Total 1,192.78 27.80

Total - -

Total - -

Total - -

Total - -



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the SchemePortfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs 930.05 21.67

(VIII) CDs 1,192.78 27.80

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.5901



35

IDFC-FMP – Eighteen Months Series - 7

Allotment Date : 04 Nov 2010

Date of Maturity: 03 May 2012

Portfolio



(I) Private Corporate Bodies 898.17 8.10

(II) PSUs - -


(IV) Others - -

Sub Total(A=I+II+III+IV) 9,797.26 88.41

(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 794.49 7.17

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -

Sub Total (C=VII+VIII+IX+X+XI+XII) 794.49 7.17









NAV

Plan (`/Unit*)

Dividend 10.5864



Annexure



Total Pool


Total




Total - -

Canara Bank 544.13 P1+ 4.91Axis Bank Ltd 250.36 P1+ 2.26Total 794.49 7.17

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Tata Sons Ltd 898.17 AAA 8.10Total 898.17 8.10

Total - -

SREI Equipment Finance Pvt Ltd 1,495.52 AA 13.50SREI Infrastructure Finance Ltd 1,495.52 AA 13.50Kotak Mahindra Prime Ltd 1,491.65 LAA+ 13.46Bajaj Finance Ltd 1,489.51 LAA+ 13.44Tata Capital Ltd 1,488.17 AA+ 13.43Mahindra & Mahindra Financial Services Ltd 1,438.71 AA+ 12.98Total 8,899.09 80.30

Total - -


(II) PSUs


(IV) Others


36


37

IDFC-FMP – Yearly Series - 35

Allotment Date : 14 Jan 2011

Date of Maturity: 15 Jan 2012

Portfolio




(II) PSUs - -

(III) Banks/FI (including NBFC) - -

(IV) Others - -

Sub Total (A=I+II+III+IV) - -

(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 52,712.35 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -








F Cash and Net Current Assets (7.43) (0.01)


NAV

Plan (`/Unit*)

Dividend 10.0772



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

IX) T Bills

(X) CBLOs/Repos


(XII) Others

Axis Bank Ltd 9,829.58 P1+ 18.65State Bank of Bikaner & Jaipur 9,824.55 P1+ 18.64ICICI Bank Ltd 9,821.77 A1+ 18.64Indusind Bank Ltd 7,853.73 P1+ 14.90State Bank of Hyderabad 4,921.82 P1+ 9.34Bank of India 4,919.38 P1+ 9.33Indian Bank 4,912.05 F1+ 9.32State Bank of Travancore 629.48 P1+ 1.19Total 52,712.35 100.01



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - - (IV) Others

Total - -


(II) PSUs




Date of Maturity: 04 Feb 2012

Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Punjab National Bank 4,156.92 PR1+ 27.68Union Bank of India 3,519.62 P1+ 23.44Indian Bank 2,449.25 F1+ 16.31ICICI Bank Ltd 2,444.56 A1+ 16.28Axis Bank Ltd 2,443.29 A1+ 16.27Total 15,013.64 99.98



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 15,013.64 99.98

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0795



38




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 68,562.31 100.02

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0799



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

ICICI Bank Ltd 19,474.52 A1+ 28.41Axis Bank Ltd 19,474.52 A1+ 28.41Karur Vysya Bank Ltd 9,747.37 P1+ 14.22Indian Overseas Bank 4,874.21 A1+ 7.11Bank of Baroda 4,872.98 P1+ 7.11Punjab National Bank 4,869.31 P1+ 7.10Kotak Mahindra Bank Ltd 4,867.13 P1+ 7.10State Bank of Hyderabad 205.12 A1+ 0.30State Bank of Travancore 177.16 P1+ 0.26 Total 68,562.31 100.02



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


39


40




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 25,959.25 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0811



Annexure



Total Pool


Total




Total - -

Total - -

Total

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Canara Bank 7,387.08 P1+ 28.46Axis Bank Ltd 7,289.39 P1+ 28.08Oriental Bank of Commerce 4,858.32 P1+ 18.72Andhra Bank 3,907.07 PR1+ 15.05Corporation Bank 2,430.38 P1+ 9.36Union Bank of India 87.01 P1+ 0.34Total 25,959.25 100.01

- -



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others



Date of Maturity: 07 Mar 2012

Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Federal Bank Ltd 4,845.47 P1+ 26.47Indusind Bank Ltd 4,839.68 A1+ 26.44State Bank of Hyderabad 3,777.69 A1+ 20.63Central Bank of India 2,423.69 PR1+ 13.24United Bank of India 2,423.69 A1+ 13.24Total 18,310.21 100.01



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 18,310.21 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0814



41




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 38,470.43 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0833



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

T Bills

(X) CBLOs/Repos


(XII) Others

IDBI Bank Ltd 9,679.01 P1+ 25.16United Bank of India 8,703.50 P1+ 22.63Axis Bank Ltd 7,158.02 P1+ 18.61Federal Bank Ltd 6,286.42 P1+ 16.34Central Bank of India 6,285.86 PR1+ 16.34State Bank of Travancore 357.63 P1+ 0.93Total 38,470.43 100.01

(IX)



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


42


43




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 25,854.58 100.00

(IX) T Bills - -

(X) CBLOs/Repos -- -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0814



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Punjab & Sind Bank 7,245.68 A1+ 28.02United Bank of India 7,245.68 P1+ 28.02Karur Vysya Bank Ltd 4,827.59 A1+ 18.67ICICI Bank Ltd 3,379.31 A1+ 13.07IDBI Bank Ltd 2,415.23 P1+ 9.34Syndicate Bank 724.57 PR1+ 2.80State Bank of Travancore 16.52 P1+ 0.06Total 25,854.58 100.00

Total - -



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others




Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

IDBI Bank Ltd 9,644.08 A1+ 13.04Syndicate Bank 9,644.08 P1+ 13.04Central Bank of India 9,636.88 PR1+ 13.03IDBI Bank Ltd 9,636.88 P1+ 13.03Canara Bank 8,908.23 A1+ 12.04Dena Bank 7,235.46 P1+ 9.78Bank of Baroda 4,822.04 A1+ 6.52Punjab & Sind Bank 4,822.04 A1+ 6.52Bank of India 4,818.44 A1+ 6.51Indusind Bank Ltd 4,814.98 P1+ 6.51Total 73,983.12 100.00



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 73,983.12 100.00

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0890



44


Allotment Date : 23 Jun 2011

Date of Maturity: 24 Jun 2012

Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 11,109.84 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0793



Annexure



Total Pool


Total




Total - -

Total - -

CBLO/Repo Transaction - -Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

IDBI Bank Ltd 3,303.01 P1+ 29.73ICICI Bank Ltd 3,295.09 A1+ 29.66State Bank of Hyderabad 2,351.86 A1+ 21.17Oriental Bank of Commerce 1,882.71 P1+ 16.95Axis Bank Ltd 182.95 P1+ 1.65HDFC Bank Ltd 94.22 PR1+ 0.85Total 11,109.84 100.01



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


45


Allotment Date : 15 Jul 2011

Date of Maturity: 16 Jul 2012

Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 12,520.01 99.99

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0771



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Axis Bank Ltd 3,667.16 P1+ 29.29ICICI Bank Ltd 3,276.85 A1+ 26.17Yes Bank Ltd 3,235.40 A1+ 25.84IDBI Bank Ltd 2,340.61 P1+ 18.69Total 12,520.01 99.99



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


46


Allotment Date : 05 Aug 2011


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 19,347.23 99.98

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0786



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Axis Bank Ltd 4,890.49 P1+ 25.27Federal Bank Ltd 4,652.59 P1+ 24.04Yes Bank Ltd 4,652.59 A1+ 24.04UCO Bank 4,220.27 P1+ 21.81Syndicate Bank 931.30 PR1+ 4.81Total 19,347.23 99.98



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


47


Allotment Date : 18 Aug 2011


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 18,702.98 99.98

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0769



Annexure



Total Pool


Total




Total - -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

ICICI Bank Ltd 4,638.38 A1+ 24.80Jammu & Kashmir Bank Ltd 4,635.19 P1+ 24.78Vijaya Bank 3,714.31 PR1+ 19.86Federal Bank Ltd 2,317.67 P1+ 12.39Yes Bank Ltd 2,317.64 A1+ 12.39IDBI Bank Ltd 1,079.78 P1+ 5.77Total 18,702.98 99.98



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


48

IDFC FMP – 200 Days Series - I

Allotment Date : 09 May 2011

Date of Maturity: 24 Nov 2011

Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 45,585.12 100.02

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -








F Cash and Net Current Assets (10.06) (0.02))


NAV

Plan (`/Unit*)

Dividend 10.0802



Annexure



Total Pool


Total




Total -

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others

Kotak Mahindra Bank Ltd 13,422.64 P1+ 29.45State Bank of Hyderabad 12,427.31 A1+ 27.27State Bank of Travancore 11,285.32 P1+ 24.76Vijaya Bank 8,449.84 PR1+ 18.54Total 45,585.12 100.02



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


49

IDFC-FMP – 200 Days Series - II

Allotment Date : 25 May 2011

Date of Maturity: 11 Dec 2011

Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 35,312.61 100.01

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0818



Annexure



Total Pool


Total




Total - -

Corporation Bank 9,896.91 P1+ 28.03Punjab National Bank 9,896.91 P1+ 28.03State Bank of Travancore 8,096.11 P1+ 22.93Punjab & Sind Bank 7,422.68 A1+ 21.02Total 35,312.61 100.01

Total - -

Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others


50

IDFC-FMP – Thirty Six Months Series 2

Allotment Date : 25 Jan 2011

Date of Maturity: 24 Jan 2014

Annexure



Total Pool


Total




Total - -

Total - -

Total - -

CBLO/Repo Transaction - -Total - -

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -


(II) PSUs


(IV) Others

Mahindra & Mahindra Financial Services Ltd 641.46 AA+ 14.30Tata Capital Ltd 639.54 AA+ 14.26Sundaram BNP Paribas Home Fina Ltd 527.07 AA+ 11.75L&T Finance Ltd 499.67 AA+ 11.14Infrastructure Development Finance Company Ltd 499.08 LAAA 11.13Bajaj Finance Ltd 497.70 AA+ 11.10HDFC Ltd 494.82 AAA 11.03Sundaram Finance Ltd 488.04 LAA+ 10.88Total 4,287.37 95.61


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs - -

(IX) T Bills - -

(X) CBLOs/Repos - -


(XII) Others - -

Sub Total (C=VII+VIII+IX+X+XI+XII) - -









NAV

Plan (`/Unit*)

Dividend 10.5545



51

IDFC-FMP – Quarterly Series 64

Allotment Date : 15 Sep 2011


Annexure



Total Pool


Total




Total - -

Vijaya Bank 2,177.96 PR1+ 28.56Kotak Mahindra Bank Ltd 2,177.23 P1+ 28.55UCO Bank 2,078.06 P1+ 27.25State Bank of Mysore 1,147.84 P1+ 15.05Total 7,581.10 99.42

Total - -

CBLO/Repo Transaction 40.01 0.52Total 40.01 0.52

Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -


(II) PSUs


(IV) OthersTotal - -


Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 7,581.10 99.42

(IX) T Bills - -

(X) CBLOs/Repos 40.01 0.52


(XII) Others - -



A Bonds & Debentures of :






G Others (Pls specify) - -

NAV

Plan (`/Unit*)

Dividend 10.1216



52

IDFC-FMP – Quarterly Series 65

Allotment Date : 22 Sep 2011


Annexure



Total Pool


Total




Total - -

Bank of Maharashtra 2,271.72 P1+ 28.97Allahabad Bank 2,271.58 P1+ 28.97Karur Vysya Bank Ltd 2,271.35 A1+ 28.96Central Bank of India 987.80 PR1+ 12.60Total 7,802.45 99.50

Total - -


Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -


(II) PSUs




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 7,802.45 99.50

(IX) T Bills - -



(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.1057



53

IDFC-FMP – Yearly Series 52

Allotment Date : 21 Oct 2011

Date of Maturity: 21Oct 2012

Annexure



Total Pool


Total




Total - -

Axis Bank Ltd 6,855.10 P1+ 23.46ICICI Bank Ltd 4,570.37 P1+ 15.64NABARD 4,570.08 P1+ 15.64Yes Bank Ltd 4,567.03 A1+ 15.63State Bank of Hyderabad 4,070.32 A1+ 13.93State Bank of Mysore 2,286.70 P1+ 7.83ICICI Bank Ltd 2,283.92 A1+ 7.82Total 29,203.52 99.95

Total - -


Total - -

Total - -

(VII) CPs

(VIII) CDs

(IX) T Bills

(X) CBLOs/Repos


(XII) Others



Net Assets

Total Total

E) Fixed Deposits



(V)

(VI)


Rs.lakh) the Scheme

Total - -

Total - -

Total - -


(II) PSUs




Portfolio




(II) PSUs - -


(IV) Others - -


(V) Single Loan - -

(VI) Pool - -


(VII) CPs - -

(VIII) CDs 29,203.52 99.95

(IX) T Bills - -



(XII) Others - -










NAV

Plan (`/Unit*)

Dividend 10.0281



54

Nature of the Scheme

Inception Date

Investment Objective

Fund Manager

Ideal Investment Horizon

Minimum Investment Amount Plan A

Plan B

Additional Investment Amount

Entry Load

Exit Load

Options Available

Dividend Frequency

Dividend Re-investment

SIP (Minimum Amount)

SIP Frequency

Benchmark

NAV Frequency

Face Value (`/Unit)

Lock in Period

SIP Dates, Weekly Fortnightly Monthly

IDFC Equity Fund(IDFC - EF)

Fund Snapshot

IDFC Imperial Equity Fund(IDFC - IEF)

IDFC Sterling Equity Fund (IDFC - SEF)

Open-ended Equity Fund

March 7, 2008

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 sterling equity and equity related instruments. Sterling 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.

Kenneth Andrade

3 Years or more

` 5,000/- and in multiples of 1/-thereafter

` 1/-

Nil

1.00% if redeemed before 365 days from the date of investment. (w.e.f. 11 Sept 2009)

Growth & Dividend

At Ex-Dividend NAV

` 1,000/-

Daily, Weekly, Fortnightly, Monthly

CNX Midcap

All Business Days

` 10/-

Nil

7,14,21,281, 16Any day of Month

IDFC Infrastructure Fund (IDFC - IF)

IDFC Premier Equity Fund(IDFC - PEF)


September 28, 2005

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 or guarantee that the objectives of the scheme will be realized.

Kenneth Andrade

3 Years or more

` 25,000/- and in multiples of ` 1/- thereafter.


` 1/-

Nil


Growth & Dividend Reinvestment facility is available under the Dividend Option.

At Ex-Dividend NAV

2,000/-

Weekly, Fortnightly, Monthly

BSE 500

All Business Days

` 10/-

Nil


IDFC India GDP Growth Fund (IDFC - IGGF)


March 11, 2009

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 & 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.

Neelotpal Sahai

3 Years or more


` 1/-

Nil

1% if redeemed before 365 days from the date of investment. (w.e.f.) 01 Sept 2009)

Growth & Dividend Reinvestment facility is also available under the dividend option.

At Ex-Dividend NAV

` 2,000/-


BSE 500

All Business Days

` 10/-

Nil


IDFC Strategic Sector 50-50 Equity Fund (IDFC - SSEF)


October 3, 2008

The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in Equity & Equity related instruments. The investment objective of the fund shall be achieved by investing up to fifty percent of the asset of the scheme in a chosen sector (Sector Specific Exposure) while the balance amount may be invested in companies across market capitalizations and ac ross sec to rs (D i ve rs i f i ed Exposure). The scheme may also invest in debt & 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.

Kenneth Andrade

3 Years or more



` 1/-

Nil


Growth,& Dividend .Reinvestment facility is available under the Dividend Option.

At Ex-Dividend NAV

1,000/-


S&P CNX Nifty

All Business Days

` 10/-

Nil



June 9, 2006

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 & money market instruments to generate reasonable income. However there is no assurance or guarantee that the objectives of the scheme will be realized.

Kenneth Andrade

3 Years or more



` 1/-

Nil


Growth & Dividend

At Ex-Dividend NAV

1,000/-


S&P CNX Nifty

All Business Days

` 10/-

Nil


-


March 16, 2006

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.

Tridib Pathak

3 Years or more



` 1/-

Nil


Growth & Dividend Reinvestment facility is available under the Dividend Option.

At Ex-Dividend NAV

1,000/-


S&P CNX Nifty

All Business Days

` 10/-

Nil


- - -

Open Ended Infrastructure Sector Fund

March 8, 2011

The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of companies that are participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized.

Kenneth Andrade

3 Years or more


` 1/-

Nil

1.00% if redeemed before 365 days from the date of investment.

Growth,& Dividend .Reinvestment facility is available under the Dividend Option.

At Ex-Dividend NAV

1,000/-


CNX Infrastructure Index

All Business Days

` 10/-

Nil


- --

55

IDFC Nifty Fund(IDFC-NF)

Open-Ended Index Linked Equity Scheme

April 30, 2010

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 .

Punam Sharma(w.e.f. 3 Oct, 2011)

3 Years or more

` 500/- and in multiples of ` 1/- thereafter.

` 1/-

Nil

All subscriptions Including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged.

(w.e.f. 07 Nov, 2011)

Growth & Dividend Reinvestment facility is available under the Dividend Option

At Ex-Dividend NAV

`500/-



Nil

` 10/-

All Business Days

S&P CNX Nifty Index


Inception Date


Fund Manager


Minimum Investment Amount Plan A

Plan B


Entry Load

Exit Load

Options Available

Dividend Frequency



SIP Frequency

Benchmark

NAV Frequency

Face Value (`/Unit)

Lock in Period

SIP Dates, Weekly Fortnightly Monthly

Fund Snapshot

IDFC Classic Equity Fund(IDFC - CEF)


August 9, 2005

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 or guarantee that the objectives of the scheme will be realized.

Tridib Pathak

3 Years or more



` 1/-

Nil



At Ex-Dividend NAV

1,000/-


BSE 200

All Business Days

` 10/-

Nil


IDFC Tax Advantage (ELSS) Fund (IDFC-TA(ELSS)

Open ended Equity Linked Saving Scheme with lock in period of 3 years

December 26, 2008

The investment objective of the Scheme is to seek to generate longterm capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be noassurance that the investment objective of the scheme will be realised.

Neelotpal Sahai (w.e.f. 22 Sep, 2010)

3 Years or more

` 500/-

` 500/-

Nil

Nil


At Ex-Dividend NAV

500/-



3 Years

` 10/-

All Business Days

BSE 200

IDFC Arbitrage Fund(IDFC-AF)


December 21, 2006

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.

Kenneth Andrade & Suyash Choudhary

1 Year or more

Plan A: 5,000/-

Plan B: ` 25,00,000/- (w.e.f. 6 July, 2009)

` 1/-

Nil

0.25% if redeemed within 30 days from the date of purchase. (w.e.f. 12 Oct, 2009)

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

At Ex-Dividend NAV

NA

NA

NA

Nil

` 10/-

All Business Days

Crisil Liquid Fund Index

IDFC Arbitrage Plus Fund(IDFC - APF)


June 9, 2008

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 debtand money market instruments. However there is no assurance that the investment objective of the scheme will be realized.

Kenneth Andrade & Suyash Choudhary

1 Year or more


` 25 Lacs and in multiples of ` 1/- thereafter.

` 1/-

Nil

0.50% if redeemed before 365 days from the date of investment. (w.e.f. 24 Aug 2009)

Growth, Dividend & Dividend Sweep

When available

At Ex-Dividend NAV

NA

NA


All Business Days

` 10/-

Nil

NA

Crisil Balanced Fund Index

IDFC Asset Allocation Fund -Aggressive Plan (IDFC-AAF-AP)

Open - Ended Fund of Funds Scheme

February 11, 2010

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 theinvestment objective of the scheme will be realized.


1 Year or more


` 1/-

Nil

1.50% if redeemed before 18 months from the date of investment.

Growth, Dividend & (payout &reinvestment)

At Ex-Dividend NAV

1,000/-



Nil

` 10/-

All Business Days


IDFC Asset Allocation Fund -Conservative Plan (IDFC-AAF-CP)


February 11, 2010

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.


1 Year or more


` 1/-

Nil

1.50% if redeemed before 18 months from the date of investment.

Growth, Dividend & (payout & reinvestment)

At Ex-Dividend NAV

1,000/-



Nil

` 10/-

All Business Days

56

IDFC Tax Saver (ELSS) Fund(IDFC-TS(ELSS)

BSE 200

10 year closed ended Equity Linked Saving Scheme

March 15, 2007

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.

Neelotpal Sahai.(w.e.f. 22 Sep, 2010)

3 Years or more

` 500/-

` 500/-

Nil

Nil (w.e.f. 4 Sep,2009)

Growth, Dividend

At Ex-Dividend NAV

NA

NA

NA

3 Years

` 10/-

All Business Days

IDFC Monthly Income Plan(IDFC-MIP)

Open - Ended Debt Fund

February 25, 2010

The primary objective of Scheme is

to generate regular returns through

investment primari ly in debt

securities. The secondary objective

of the Scheme is to generate long-

term capital appreciation by

investing a portion of the Scheme's

assets in equity securities. Monthly

Income is not assumed and the

same is subject to availability of

distributable surplus.

Kenneth Andrade &Suyash Choudhary

1 Years or more

` 5,000/- and in multiples of ` 1/- thereafter and in multiples of `0.01 for switch-ins

` 1/-

Nil

1% of the NAV shall be applicable to investors who redeem/switch out of such investments within one year (365 Days) from the date of subscription applying First in First Out basis, (including investments through SIP/STP).

Growth, Dividend & (payout, reinvestment & auto sweep)

At Ex-Dividend NAV

` 1,000/-



Nil

` 10/-

All Business Days


IDFC Cash Fund IDFC Money Manager Fund - Treasury Plan

IDFC Money Manager Fund - Investment Plan

IDFC Super Saver Income Fund - Short Term Plan

IDFC Super Saver Income Fund - Medium Term Plan

IDFC Super Saver Income Fund - Investment Plan

IDFC Dynamic Bond Fund

Nature of the Scheme Open-ended Income FundOpen-ended Income Fund Open-ended Income Fund Open-ended Income Fund

Inception Date August 9, 2004July 8, 2003 July 14, 2000 June 25, 2002

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.

The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized.


Seek to generate optimal returns with high l iquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the Scheme will be realized.

Fund Manager Anupam JoshiAnupam Joshi Suyash Choudhary Suyash Choudhary

Ideal Investment Horizon 6 Months or more12 Months or more 1 Year or more 1 Year or more

Minimum Investment Amount Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of ` 1/- thereafter, Plan F: ` 5,000 and in multiples 1/- thereafter,

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of 1/- thereafter, Plan F: ` 5,000 and in multiples of ` 1/- thereafter.

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of ` 1/- thereafter, Plan C: ` 10 Crores and in multiples ` 1/- thereafter, Plan F: ` 5,000 and in multiples of 1/- thereafter

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of 1/- thereafter

Additional Investment Amount ` 1/-` 1/- ` 1/- ` 1/-

Entry Load NilNil Nil Nil

Exit Load Plan A, Plan B & Plan F: Exit Load for all investment including SIP/Micro SIP/STP shall be 0.25% of the appl icable NAV i f redeemed / switched out within One Month from the date of allotment. (w.e.f March 01, 2011)

0.25% of NAV shall be the exit load payable by investors who purchase / switch in and seek to redeem / switch out such units within one month from the date of affecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load

Plan A, Plan B, Plan C & Plan F: 1.00% if redeemed before 365 days from the date of investment.

Plan A: Nil Plan B: Nil (w.e.f. 24 Aug 2009)

Options Available Growth, Dividend & Dividend Sweep

Growth, Dividend, Dividend Sweep & Dividend Payout & Reinvestment option

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

Dividend Frequency Daily & Weekly (with reinvest facility in both plan A & plan B), Monthly, Quarterly & Annual.

Daily, Bi - Monthly (once in two months) i.e. in the months of March, May, July, September, November & January, Fortnightly, Monthly& Quarterly (with reinvestment facility) (for Plan A) Monthly and Quarterly (with reinvestment) under Plan B

Quarterly (March, June, September & December), Half Yearly (March & September) & Annual (March)

Quarterly (March, June, September & December) & Annual (March)

Dividend Re-investment At Ex-Dividend NAVAt Ex-Dividend NAV At Ex-Dividend NAV At Ex-Dividend NAV

SIP (Minimum Amount) Plan A: 1,000/-Plan A: 1,000/- Plan A: 1,000/- Plan A: 1,000/-

SIP Frequency Daily, Weekly, Fortnightly, MonthlyDaily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly Daily, Weekly, Fortnightly, Monthly

SIP Dates, Weekly FortnightlyMonthly





Lock in Period NilNil Nil Nil

Benchmark NSE MIBOR IndexCRISIL Short Term Bond Fund Index

CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index

NAV Frequency All Business DaysAll Business Days All Business Days All Business Days

Face Value (`/Unit)

Open-ended Liquid Fund

July 2, 2001

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 can be no assurance that the investment objectives of the scheme will be realized.

Anupam Joshi

1 Day or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 1 Crore and in multiples of ` 1/- thereafter, Plan C: ` 5 Crores and in multiples ` 1/- thereafter.

` 1/-

Nil

Nil

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

Daily, Weekly with compulsory reinvestment, Monthly and Periodic

At Ex-Dividend NAV

Plan A: 1,000/-



Nil


Daily

` 1000/- (w.e.f. 05 Nov, 2011)

Open-ended Income Fund

February 18, 2003

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 marke t i ns t ruments . However, there can be no assurance that the investment objectives of the scheme will be realized.

Anupam Joshi

1 Day or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of ` 1/- thereafter, Plan C: ` 10 Crores and in multiples ` 1/- thereafter, Plan D: ` 25,000/- and in multiples of `1/- thereafter, Plan F: ` 5,000/- and in multiples of `1/- thereafter.

` 1/-

Nil

Plan A: NilPlan B: NilPlan C: NilPlan D: NilPlan F: Nil


Daily & Weekly with Compulsory reinvestment & Monthly

At Ex-Dividend NAV

` 1,000/-



Nil

NSE MIBOR Index

All Business Days

` 10/- ` 10/-


December 14, 2000


Suyash Choudhary

9 Months or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: ` 5 Crore and in multiples of ` 1/- thereafter, Plan C: ` 10 Crores and in multiples ` 1/- thereafter, Plan D: ` 5,000/- and in multiples of `1/- thereafter. Plan F: ` 5,000/- and in multiples of `1/- thereafter.

` 1/-

Nil

0.50% of NAV on investors who purchase / switch in and seek to redeem / switch out such units within 6 months from the date of effecting such purchase / switch in. Investors op t ing fo r PEP / D i v idend reinvestment option / SWP or switch between options will not be levied an exit load. (w.e.f 01 March, 2011)


Fortnightly & Monthly

At Ex-Dividend NAV

Plan A: 1,000/-



Nil

CRISIL Short Term Bond Fund Index

All Business Days

` 10/- ` 10/- ` 10/- ` 10/-

Fund Snapshot

57

IDFC Asset Allocation Fund -Moderate Plan (IDFC-AAF-MP)


February 11, 2010

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 theinvestment objective of the scheme will be realized.


1 Year or more


` 1/-

Nil

1.50% if redeemed before 18 months f rom the da te o f investment.

Growth, Dividend & (payout & reinvestment)

At Ex-Dividend NAV

1,000/-



Nil

` 10/-

All Business Days



Inception Date


Fund Manager


Minimum Investment Amount


Entry Load

Exit Load

Options Available

Dividend Frequency



SIP Frequency

SIP Dates, Weekly FortnightlyMonthly

Lock in Period

Benchmark

NAV Frequency

Face Value (`/Unit)

Fund Snapshot

IDFC Ultra Short Term Fund


January 17, 2006

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.

Anupam Joshi

1 Month or more

`5,000 and in multiples of 1/- thereafter.

` 1/-

Nil

Exit Load for all investment including SIP/Micro SIP/STP shall be 1.00% of the applicable NAV if redeemed /switched out within 45 days from the date of allotment. (w.e.f February 28, 2011)


Daily & Weekly (with Compulsory reinvestment) Monthly.

At Ex-Dividend NAV

` 1,000/-



Nil

IDFC All Seasons Bond Fund

Open-ended Fund of Funds Scheme

September 13, 2004

Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt oriented mutual fund schemesand money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized

Suyash Choudhary (w.e.f. 15 Oct 2010)

1 Year or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter

` 1/-

Nil

Plan A: 0.75% if redeemed before 365 days from the date of investment.(w.e.f. 24 Aug 2009)

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

Quarterly, Half Yearly, Annual

At Ex-Dividend NAV

` 1,000/-



Nil

CRISIL Composite Bond Fund Index

All Business Days

` 10/-

All Business Days

Crisil Liquid Fund Index (CLFI)

` 10/-

58

IDFC Government Securities Fund -Provident Fund Plan

Open Ended - Dedicated Gilt Fund

March 29, 2004

Seek to generate optimal returns with high liquidity by investing in Government Securities.


1 Year or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: 25 Lacs and in multiples of 1/- thereafter

` 1/-

Nil

Plan A & Plan B: 1.00% if redeemed before 365 days from the date of investment. (w.e.f. 24 Aug 2009)


Quarterly (March, June, September & December) & Annual (March)

At Ex-Dividend NAV

Plan A: 1,000/-



Nil

ISEC Composite Index

All Business Days

` 10/-

IDFC Government Securities Fund -Investment Plan


March 9, 2002

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.


1 Year or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: 1 Crore and in multiples of 1/- thereafter

` 1/-

Nil

Nil (w.e.f. 15 Jul 2011)


Quarterly, Half yearly, Yearly

At Ex-Dividend NAV

Plan A: 1,000/-



Nil


All Business Days

` 10/-

IDFC Government Securities Fund -Short Term Plan


March 9, 2002

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.


6 Months or more

Plan A: ` 5,000 and in multiples of ` 1/- thereafter, Plan B: 5 Crore and in multiples of 1/- thereafter

` 1/-

Nil

Plan A & Plan B: 0.25% if redeemed before 30 days from the date of investment. (w.e.f. 24 Aug 2009)


Quarterly, Monthly

At Ex-Dividend NAV

Plan A: 1,000/-



Nil


All Business Days

` 10/-

IDFC Ultra short Term Fund

Open Ended Income Fund

January 17, 2006

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.

Anupam Joshi

3 Months or more

` 5,000 and in multiples of 1/- thereafter

` 1/-

Nil

1.00% if redeemed before 89 days from the date of investment. (w.e.f. 27 June 2011)


Daily with compulsory re-investment, Weekly with compulsory reinvestment and Monthly.

-

1,000/-



Nil


All Business Days

` 10/-

Fund Manager Details

Fund Manager Name Scheme Managed

Mr. Kenneth Andrade

Mr. Tridib Pathak

Mr. Neelotpal Sahai.

Ms. Punam Sharma

IDFC Arbitrage Fund 8.45% 7.77% -18.02%

IDFC Arbitrage Plus Fund 6.99% 7.77% -18.02%

Mr. Anupam Joshi

IDFC Cash Fund 7.92% 7.76% NA

IDFC Super Saver Income Fund – Medium Term 7.50% 6.80% NA

Mr. Suyash Choudhary IDFC Super Saver Income Fund – Short Term 7.65% 6.80% NA

IDFC Dynamic Bond Fund 7.65% 5.58% NA

IDFC Premier Equity Fund -8.55% -20.02% -18.02%

IDFC Sterling Equity Fund -10.54% -22.59% -18.02%

IDFC Equity Fund -17.20% -18.02% -18.01%

IDFC Strategic Sector (50-50) Equity Fund -18.97% -18.02% -18.01%

IDFC Imperial Equity Fund -14.11% -18.02% -18.01%

IDFC Classic Equity Fund -20.26% -19.85% -18.02%

IDFC India GDP Growth Fund -12.11% -20.02% -18.02%

IDFC Tax Advantage (ELSS) Fund -14.47% -19.85% -18.02%

IDFC Asset Allocation Fund - Conservative Plan 3.94% 2.21% NA

IDFC Asset Allocation Fund - Moderate Plan 3.43% 2.21% NA

IDFC Asset Allocation Fund - Aggressive Plan -0.03% -8.82% NA

IDFC Nifty Fund -16.78% -18.02% -18.01%

Mr. Kenneth Andrade &

Mr. Suyash Choudhary

IDFC Monthly Income Plan 1.77% 2.21% 7.65%

IDFC Money Manager Fund – Treasury Plan 8.09% 7.48% NA

IDFC Money Manager Fund – Investment Plan 8.05% 7.48% NA

IDFC Super Saver Income Fund – Investment Plan 5.57% 5.58% NA

Comparison of the performance of schemes managed by the fund manager on 1 year return basis as on Sep 30, 2010 to Sep 30, 2011

Scheme Returns (%) Benchmark Returns (%)Alternate Benchmark

Returns (%)

59

The performance of schemes managed by the Fund managers for the period since inception / September 09 -10 is mentioned in the respective pages of the fact sheet.

Dividend History

30 September 2011

Date Plan Dividend NAV18 Mar 11 1.00 11.603028 Jul 09 - 1.00 10.753014 May 08 - 1.50 13.0106

-

Date Plan Dividend NAV25 Jan 11 Plan B 2.00 13.475125 Jan 11 Plan A 2.00 14.083115 Jun 09 Plan A 1.20 12.094208 Jun 09 Plan A 1.20 12.452314 May 08 - 1.50 13.9431

(IDFC - EF) An Open Ended Equity Fund

(IDFC - IEF) An Open Ended Equity Fund

Date Plan Dividend NAV29 Apr 2011 - 1.50 13.928229 Apr 2010 - 1.60 13.986329 Sep 2009 - 1.10 12.3972

(IDFC - SEF) An Open Ended Equity Fund

(IDFC - PEF) An Open Ended Equity Fund

Date Plan Dividend NAV29 Mar 11 Plan B 2.00 18.655029 Mar 10 Plan B 2.00 18.469629 Mar 11 Plan A 2.40 22.585829 Mar 10 Plan A 2.40 22.342628 Apr 09 - 1.50 13.1031

(IDFC - IGGF) An Open Ended Equity Fund

Date Plan Dividend NAV31 May 11 - 1.50 12.665231 May 10 - 2.00 12.6450

(IDFC - CEF) An Open Ended Equity Fund

Date Plan Dividend NAV25 Feb 11 Plan B 2.00 10.340625 Feb 11 Plan A 2.00 11.916722 Oct 07 Plan A 1.50 15.270328 May 07 Plan A 1.50 13.265922 Aug 06 - 1.50 11.5580

Date Plan Dividend NAV23 Mar 11 - 1.00 11.649704 Feb 11 - 2.50 12.765123 Mar 10 - 1.00 14.3869

(IDFC - TA (ELSS)Fund) An Open Ended Equity Linked Saving Scheme with Lock in Period of 3 Years

Date Plan Dividend NAV10 Oct 11 Plan A 0.02 11.172310 Oct 11 Plan B 0.02 11.276608 Sep 11 Plan A 0.02 11.142508 Sep 11 Plan B 0.02 11.243809 Aug 11 Plan A 0.02 11.128409 Aug 11 Plan B 0.02 11.2270

(IDFC - APF) An Open Ended Equity Fund

Date Other I & H09 Aug 11 11.0566 0.0453 0.052915 Apr 11 11.0829 0.0493 0.0529 06 Dec 10 11.1770 0.0491 0.0527

NAV

(IDFC-AAF-AP) An Open Ended Fund of Funds Scheme

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

Date Freq Other I & HIDFC- MMF -IP Plan A31 Oct 11 10.0093 Daily 0.00521918 0.0060893428 11 10.0093 Daily 0.00519472 0.0060608125 11 10.0093 Daily 0.00173368 0.0020227428 11 10.0233 Weekly 0.0110 0.012921 11 10.0233 Weekly 0.0106 0.012414 11 10.0233 Weekly 0.0120 0.014028 11 10.0434 Monthly 0.0494 0.057628 Sep 11 10.0434 Monthly 0.0541 0.063229 Aug 11 10.0434 Monthly 0.0598 0.069829 Sep 11 10.3747 Quarterly 0.1478 0.172530 Jun 11 10.3500 Quarterly 0.1517 0.177030 Mar 11 10.3184 Quarterly 0.1154 0.123930 Mar 09 10.5505 Annually 0.4158 0.4467IDFC-MMF-IP Plan B31 11 10.1667 Daily 0.00545863 0.0063687228 11 10.1667 Daily 0.00543378 0.0063397225 11 10.1667 Daily 0.00181339 0.0021157128 11 10.0727 Weekly 0.0114 0.013321 11 10.0727 Weekly 0.0110 0.012914 11 10.0727 Weekly 0.0125 0.014528 Oct 11 10.0483 Monthly 0.0510 0.059528 11 10.0483 Monthly 0.0557 0.065029 11 10.0483 Monthly 0.0615 0.0718

NAV

OctOctOctOctOctOct

OctOctOctOctOctOct

SepAug

Date Other I & H13 Jul 11 11.0263 0.0302 0.035215 Apr 11 10.9071 0.0329 0.0352 06 Dec 10 10.7844 0.0327 0.0351

NAV

(IDFC-AAF-MP) An Open Ended Fund of Funds Scheme

(IDFC-AAF-CP) An Open Ended Fund of Funds Scheme

Date Other I & H08 Sep 11 10.5916 0.0151 0.0176

13 Jul 11 10.5855 0.0151 0.0176

NAV

09 Aug 11 10.5479 0.0151 0.0176

Date Plan Dividend NAVPlan A 0.02 10.3285

11-Feb-10 Plan A 0.02 10.324910-Mar-10 Plan A 0.01 10.328711-May-10 Plan B 0.01 10.549821-Jun-10 Plan B 0.01 10.583412-Jul-10 Plan B 0.01 10.5929

12-Jan-10

(IDFC - AF) An Open Ended Equity Fund

(IDFC - CF) An Open Ended Liquid Fund

Date NAV Freq Other I & HIDFC- CF Plan A31 Oct 11 10.5819 Daily 0.00186383 0.0019431430 11 10.5819 Daily 0.00182662 0.0019043929 11 10.5819 Daily 0.00182813 0.0019059328 11 10.0101 Weekly 0.0122 0.012721 11 10.0101 Weekly 0.0121 0.012614 11 10.0101 Weekly 0.0121 0.012628 11 10.0001 Monthly 0.0522 0.054428 Sep 11 10.0000 Monthly 0.0519 0.0541 29 Aug 11 10.0000 Monthly 0.0558 0.0582IDFC-CF Plan B31 11 10.5873 Daily 0.00188697 0.0019675530 11 10.5873 Daily 0.00184939 0.0019277029 11 10.5873 Daily 0.00184976 0.00192822IDFC-CF Plan C31 11 10.0025 Daily 0.00187325 0.0019529830 11 10.0025 Daily 0.00183801 0.0019162429 11 10.0025 Daily 0.00183838 0.0019166528 11 10.0001 Weekly 0.0128 0.013421 11 10.0000 Weekly 0.0128 0.013414 11 10.0000 Weekly 0.0128 0.0134

29 Sep 11 10.000007 Jul 11 10.0000 Periodic 0.0165 0.017205 Jul 11 10.0170 Periodic 0.0109 0.0113

OctOctOctOctOctOct

OctOctOct

OctOctOctOctOctOct

28 Oct 11 10.0001 Monthly 0.0405 0.0422Periodic 0.0362 0.0378

Contd.

IDFC-MMF -TP Plan B28 11 10.0844 Monthly 0.0556 0.064928 11 10.0844 Monthly 0.0550 0.064229 11 10.0844 Monthly 0.0590 0.0689IDFC-MMF -TP Plan C28 Oct 11 10.0010 Monthly 0.0555 0.064728 Sep 11 10.0010 Monthly 0.0548 0.064029 Aug 11 10.0010 Monthly 0.0587 0.0684

OctSep Aug

(IDFC - SSIF - ST) An Open Ended Income Fund

Date NAV Freq Other I & HIDFC- SSIF-ST Plan A21 11 10.2180 Fortnightly 0.0173 0.020207 11 10.2180 Fortnightly 0.0232 0.027023 Sep 11 10.2180 Fortnightly 0.0225 0.026328 11 10.0654 Monthly 0.0485 0.056628 Sep 11 10.0654 Monthly 0.0424 0.049429 Aug 11 10.0654 Monthly 0.0745 0.0869IDFC- SSIF-ST Plan B21 11 10.8919 Fortnightly 0.0194 0.022607 11 10.8919 Fortnightly 0.0257 0.030023 Sep 11 10.8919 Fortnightly 0.0249 0.029128 11 10.2097 Monthly 0.0510 0.059528 Sep 11 10.2097 Monthly 0.0449 0.052429 Aug 11 10.2097 Monthly 0.0776 0.0906IDFC-SSIF-ST Plan C21 Oct 11 10.0985 Fortnightly 0.0184 0.021507 11 10.0985 Fortnightly 0.0242 0.028323 Sep 11 10.0985 Fortnightly 0.0236 0.027528 Oct 11 10.6093 Monthly 0.0540 0.063028 Sep 11 10.6093 Monthly 0.0476 0.055629 Aug 11 10.6093 Monthly 0.0817 0.0953IDFC-SSIF-ST Plan D03 Dec 10 10.0567 Fortnightly 0.0053 0.005719 Nov 10 10.0567 Fortnightly 0.014 0.01504 Nov 10 10.0567 Fortnightly 0.0219 0.023530 Nov 10 10.1361 Monthly 0.0252 0.027129 Sep 10 10.0931 Monthly 0.0421 0.045231 Aug 10 10.0931 Monthly 0.0059 0.0063

OctOct

Oct

OctOct

Oct

Oct

(IDFC - SSIF - MT) An Open Ended Income Fund

Date NAV Freq Other I & HIDFC- SSIF-MT Plan A31 Oct 11 10.1070 Daily 0.00475107 0.0055432928 11 10.1070 Daily 0.00534452 0.0062354425 11 10.1070 Daily 0.00998712 0.0116524529 Sep 11 10.6062 Bimonthly 0.1157 0.135029 July 11 10.5874 Bimonthly 0.1909 0.222827 May 11 10.5864 Bimonthly 0.0468 0.0501

10.0617 Fortnightly 10.0617 Fortnightly

23 Sep 11 10.0617 Fortnightly 28 Oct 11 10.1544 Monthly 0.0167 0.019528 Sep 11 10.1544 Monthly 0.0526 0.061429 Aug 11 10.1544 Monthly 0.0727 0.084829 Sep 11 10.1411 Quarterly 0.1854 0.216430 Jun 11 10.1248 Quarterly 0.1342 0.156630 Mar 11 10.0921 Quarterly 0.0999 0.1072

OctOct

21 Oct 11 0.0051 0.006007 Oct 11 0.0001 0.0001

0.0205 0.0239

IDFC- SSIF-MT Plan B28 Oct 11 10.0000 Monthly 0.0193 0.022528 Sep 11 10.0000 Monthly 0.0546 0.063729 Aug 11 10.0000 Monthly 0.0746 0.087030 Mar 11 11.4327 Annual 0.1203 0.1290

Contd...

IDFC- SSIF-MT Plan B29 Sep 11 11.4526 0.4132 0.482030 Mar 11 10.0490 0.3073 0.3297IDFC- SSIF-MT Plan F29 Sep 11 10.0660 0.4127 0.412730 Mar 11 10.0490 0.3073 0.3297

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

Date NAV Freq Other I & HIDFC-SSIF-IP-Plan A29 Sep 11 11.1519 Quarterly 0.1791 0.2090

11.1408 Quarterly 0.0097 0.011310.7028 Quarterly 0.0470 0.0504

29 Sep 11 10.9659 Half Yearly 0.2880 0.3360

30 Mar 09 10.9413 Annual 0.7663 0.8234IDFC-SSIF-IP-Plan B29 Sep 11 10.4894 0.2911 0.3397

IDFC-SSIF-IP-Plan C31 Dec 09 10.1529 0.0227 0.024430 Jun 09 10.1243 0.0408 0.0438

30 Jun 1130 Jun 10

30 Mar 11 10.9548 Half Yearly 0.1240 0.133029 Sep 10 10.8973 Half Yearly 0.1801 0.1933

31 Mar 11 10.4778 0.3585 0.384731 Dec 09 10..2880 0.0296 0.0318

(IDFC - DBF) An Open Ended Income Fund

Date NAV Freq Other 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 B

30 Mar 11 10.4489 0.2635 0.282729 Sep 11 10.4658 0.3922 0.4576

6 Jul 09 10.2050 0.2853 0.3066

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

Date NAV Freq Other I & HIDFC- MMF -TP Plan A28 Oct 11 10.1746 Monthly 0.0525 0.061228 Sep 11 10.1746 Monthly 0.0519 0.060529 Aug 11 10.1746 Monthly 0.0566 0.0661

60

Value Research Rating

ICRA Mutual Fund Awards Disclaimer

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: Large Cap (47), Equity: Large & Mid Cap (54), Equity: Multi Cap (39), Equity: Mid & Small Cap (51) Equity: Tax Planning (28), Equity: Infrastructure (19), Equity: Banking (10), Hybrid: Equity-oriented (25), Hybrid: Debt-oriented Aggressive (13), Hybrid: Debt-oriented Conservative (41), Hybrid: Arbitrage (15) Debt: Income (62), Debt: Gilt Medium & Long Term (32), Debt: Short Term (19), Debt: Ultra Short Term (139), Debt: Liquid (101). These Fund Ratings are as on October 31, 2011.

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 - Aggressive' schemes for its 3 years performance till December 31, 2010.

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 quity Diversified - Aggressive' 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.Ranking Source & Publisher: ICRA Online Limited

ICRA Credit Risk Rating

CRISIL Credit Quality Rating

CRISIL Credit Quality Rating Methodology

Morningstar Rating

IDFC Money Manager Fund - Treasury Plan: “Credit Risk Rating AAA ” - 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 ” - 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 A1+ ” - 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 ” - 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 ppropriate 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

mfs

AAAmfs

mfs

AAAmfs

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 Oct 31st, 2011. IDFC Premier Equity Fund Growth has been rated 5-Star fund in the category of Small/Mid Cap schemes (152 Schemes), IDFC Sterling Equity Fund Growth has been rated 5- Star fund in the category of Small/Mid Cap schemes (152 Schemes), IDFC Imperial Equity Fund Growth has been rated 4-Star fund in the category of Large Cap schemes (293 Schemes), IDFC Dynamic Bond Fund Growth has been rated 4-Star fund in the category of Intermediate Bond schemes (117 Schemes), IDFC Gov Sec PF Fund Growth has been rated 4-Star fund in the category of Intermediate Government schemes (67 Schemes), IDFC SS Inc M/T Fund Growth has been rated 4-Star fund in the category of Short-term Bond schemes (99 Schemes), IDFC SS Inc IP Fund Growth has been rated 4-Star fund in the category of Intermediate Bond schemes (117 Schemes)

IDFC Premier Equity Fund – Plan A

Methodology

Classification 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 ).

Although 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.

Lipper Fund Awards, India, 2010

Disclaimer

Methodology of Ranking

61

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 Equity Fund (IDFC - EF), IDFC Infrastructure Fund (IDFC-IF),IDFC Imperial Equity Fund (IDFC - IEF), IDFC Nifty Fund (IDFC NF), IDFC Premier Equity Fund (IDFC - PEF), IDFC Arbitrage Fund (IDFC - AF), IDFC Arbitrage Plus Fund (IDFC - APF), IDFC Sterling Equity Fund (IDFC - SEF), IDFC Strategic Sector (50-50) Equity Fund IDFC-SS (50-50)-EF, IDFC India GDP Growth Fund (IDFC-IGGF), IDFC Super Saver Income Fund - Investment Plan (IDFC - SSIF-IP), IDFC Tax Advantage (ELSS) Fund (IDFC TA-ELSS), 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 Money Manager Fund - Treasury Plan (IDFC-MMF-TP), IDFC Money Manager Fund - Investment Plan(IDFC – MMF-IP), 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 Dynamic Bond Fund (IDFC – DBF) 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 30,000/-. Terms of Issue & Load Structure: IDFC-CEF, IDFC-IEF, IDFC NF IDFC-PEF, IDFC-AF, IDFC - EF, IDFC-APF, IDFC-SEF, IDFC-SS(50-50)-EF,IDFC – IF, IDFC-IGGF, IDFC-SSIF (IP), IDFC-SSIF (MT), IDFC TA( ELSS ) IDFC-SSIF (ST), IDFC-CF,IDFC-MMF-TP,IDFC-MMF-IP,IDFC-AAF-AP IDFC-AAF-CP, IDFC-AAF-MP, IDFC-DBF: 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-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-SEF: 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-NF: All subscriptions including SIP/STP if redeemed/switched out (to any non equity scheme of IDFC Mutual Fund) within seven days (7days) from the date of allotment, exit load of 1% shall be charged (w.e.f 07 Nov,2011). 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: 0.25% of NAV on investors who purchase / switch and seek to redeem / switch out such investments within one month 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(w.e.f July 25, 2011). IDFC-SSIF Short Term Plan (ST) – Plan A, B, C, D & F: 0.50% of NAV on investors who purchase / switch in and seek to redeem / switch out such units within 6 months from the date of effecting such purchase / switch in. Investors

participating in and benefiting from growth in Indian infrastructure and infrastructural related activities. However, there can be no assurance that the investment objective of the scheme will be realized. 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 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 – 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-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-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. The recurring expense of the scheme is in addition to the expenses of the schemes in which the Fund of Fund scheme makes investment. IDFC MIP: The primary objective of Scheme is to generate regular returns through investment primarily in debt securities. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity securities. Monthly Income is not assumed and the same is subject to availability of distributable surplus. 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 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.

opting for PEP / Dividend reinvestment option / SWP or switch between options will not be levied an exit load. (with effect from March 01, 2011) IDFC –CF – Plan A & Plan B; Nil. 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 0.25% of the applicable NAV if redeemed / switched out within One Month from the date of allotment. (with effect from March 01, 2011), 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 18 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-IF: 1% if redeemed within 365 days from the date of allotment/investment. 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-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. The recurring expense of the scheme is in addition to the expenses of the schemes in which the Fund of Fund scheme makes investment.IDFC-EF: 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-SEF: 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 –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-IF: The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are

Risk Factors

62

A rejection can cost you dear!

R E J E C T E D

Rejection is not something most of us take lightly, be it in any walk of life.

The same holds true while investing.

Our records point out that most of the rejected applications are for the simple reason of oversight.

Most of the times it is the inconsistency in entering the data, that proves to be the stumbling block.

And what does it result in? You stand not only to lose the time & effort, but also the investing opportunity because sometimes the financial markets don’t wait

for you to correct the mistakes.

Important Tips to ensure successful SIP.

You need to fill 2 forms. a) Common Application Form ( CAF ) and b) SIP Forms.

The SIP start date and End date should tally in the CAF and SIP Form.

The SIP Frequency should be the same across all forms.

The Scheme Name and the SIP amount should tally in both forms.

Mandatory to state the 9 digit MICR code. It is on the basis of this that your bank account is correctly debited.

Your signature is needed in 2 places in the Mandate Form for ECS viz. below the Signatures section & Authorization of the Bank Account Holder.

Please do submit a copy of the cheque along with the Mandate form for ECS at the time of subscription.

In case you change your bank account no, please do let us know else your SIP will be rejected. Please keep sufficient balance in your bank account on SIP due date.

In case of any overwriting in the ECS/ Standing Instruction Form, please ensure the same is authenticated by your Signature.

In case of “Payable at par cheques”, please check with your bank for the branch MICR code.

Note: Form #2 (HDFC/ SCB Standing Instructions) & Form #3 (Mandate Form for ECS) will be sent to your bank to process your request. Therefore, it is essential that

you update all your information correctly to avoid your request being rejected by your bank.

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Please Turn Overleaf for Contact Details.

[email protected]. www.idfcmf.com

IDFC AMC OfficesWESTAhmedabad : Ground Floor, Zodiac Avenue, Opp. Mayor’s Bunglow, Near Law Garden, Ahmedabad - 380 006. Tel.: +91-79-64505881/ 5857.Bhopal : Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] - 462011Goa : Advani Bussiness Centre, Neelkamal Arcade, A. B. Road, Panjim, Goa - 403 001.

Tel.: +91-832-6650403, Fax: +91-832-6650310. Mobile: +91-9823289903.Indore : 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore - 452 001. Tel.: +91-731-4206927/ 4208048. Fax: +91-731-4206923.Mumbai : 17/18, 3rd Floor, Vasvani Mansion, 120, Dinshaw Vachha Road, Opp. K. C. College, Churchgate,

Mumbai - 400 020. Tel.: +91-22-22876419.Mumbai (Thane) : Shop No. 25, Rajdeep Society, Gokhale Road, Opp. Income Tax Office, Thane (West) - 400 602.Nagpur : Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur - 440 010. Tel.: +91-712-6451428/ 2525657.Nashik : Kavita Complex, 2nd Floor, Madan Services, Near Big Bazar, College Road, Nasik - 422 005. Mobile: +91-9970625856.Pune : 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune - 411 004. Tel.: +91-20-66020965/ 4.Raipur : 227-228, 2nd Floor, Lalganga Shopping Mall, G. E. Road, Raipur - 492 001. Mobile: +91-9926908790.Rajkot : “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-281-6626012.Surat : U 15/16, Jolly Plaza, Athvagate, Surat - 395 001. Tel.: +91-261-2475060, 2475070.Vadodara : Ground Floor, Akash Ganga Complex, Adjacent to Vanijya Bhavan, Race Course Circle, Vadodara - 390 007. Tel.: +91-265-6620919/ 39.

NORTHAgra : 9/4, Shanker Point Ground Floor, Near Income Tax Building, Sanjay Place, Agra-282002, Tel.:+915624064889Amritsar : 6-FUF, 4th Floor, Central Mall, 32, Mall Road, Amritsar - 143 001. Mobile: 09356126222, Tel.: +91-183-5030393.Chandigarh : SCO 2475-76, 1st Floor, Sector 22, Chandigarh - 160 022. Tel.: +91-172-5071918/ 19/ 21/ 22, Fax: +91-172-5071918.Dehradun : C/o. EBD BUSINESS CENTRE, Cubicle No. 3, 49, Rajpur Road, Dehradun - 248 001. Mobile.: +91-8859222287, Tel: 2650373 extension-29Jaipur : G-7, G-8, Anukampa Towers, Church Road, Jaipur - 302 001. Tel.: +91-141-5105797, 5105798.Jalandhar : 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar-144001. Punjab-India. Tel.: 01815018264/ 01815061378/ 88.Kanpur : Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel.: +91-512-2331071, 2331119.Lucknow : Flat No. 2, 1st Floor, SAS House, 6B, Tej Bhadur Sapru Marg, Lucknow - 226 001.

Tel.: +91-522-3056900/ 01/ 02/ 03/ 04/ 05.Fax: +91-522-3056900.Ludhiana : SCO 122, 2nd Floor, Feroze Gandhi Market, Ludhiana - 140 001. Tel.: +91-161-5022155, 5022156.Moradabad : +91-9837572638New Delhi : 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-47311301/ 02/ 03/ 04/ 05.Varanasi : Premise 2,3rd Floor,Kuber Complex, Rathyatra, Varanasi-221010. Tel.: 0542 - 2226527, 6540214

SOUTHBangalore : 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore - 560 001. Tel.: +91-80-66111504/ 05/ 06.Chennai : KRM Tower, 8th floor, No. 1, Harrington Road, Chetpet, Chennai - 600 031. Tel.: +91-44-45644201/ 202.Cochin : 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin - 682 016. Tel: +91-484-3012639/ 4029291, Fax: +91-484-2358639.Coimbatore : Red Rose Plaza, 509 H, II Floor, D. B. Road, R. S. Puram, Coimbatore - 641 002. Tel.: +91-422-2542645, 2542678.Hyderabad : 4th Floor, Central Plaza, #6-3-902/A, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082.

Tel.: +91- 40-42014646/ 47, Fax: +91-40-40037521.Madurai : Shop No 9, 2nd Floor, Ram Niwas, Door No. 279, Goodshed Street, Madurai – 625001, Tel.: +91 98943 69124Mangalore : Raj Business Centre, 3rd Floor, Raj Towers, Balmatta Road, Manglore - 575001. Tel. : +91 99010 33822Trivandrum : Cabin No.502, 5th Floor, Karimpanal Statue Avenue, G.H.Road, Statue, TRIVANDRUM-695001

(Contact No. : Raj Narayanan - 094470 48028)Visakhapatnam : Visakha Executive Centre, 47-11-1/5, Eswar Arcade, Dwarakanagar,1st Lane, Visakhapatnam-530016, Tel.:+91 9701163444

EASTBhubaneswar : Shop No. 208, 2nd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar - 751 002.Guwahati : 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati - 781 007. Mobile: +91-9957568099.Jamshedpur : Room No 111, Ist Floor, Yash Kamal Complex, Main Road, Bishtupur, Jamshedpur 831001.

Mobile No. : 9431102883, 9207410763, 9207410764, 9207410765, 9207410766.Kolkata : Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-40171000/ 1005.Patna : 406, AshianaHariniwas, New Dakbanglow Road, Patna - 800 001. Tel.: +91-612-6510353.

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