Save Taxes Wisely. October 2012

(1)

Save Taxes Wisely

1

(2)

Background

Salient Features of Section 80C of the Income – tax Act, 1961

Section 80C of Income Tax Act, 1961 w.e.f. April 1, 2005 (A.Y. 2006-07) provides for

deduction from gross total income in respect of specified sums paid or deposited

Aggregate amount of deductions under Section 80C shall not exceed ` 100,000

Section 80C generally has no sectoral limits

Eligible investments u/s 80C,

inter alia

, include:

2 Life Insurance Premiums

Unit Linked Insurance Plans (ULIP)

Public Provident Fund (PPF)

National Saving Certificate (NSC)

Subscription to ‘eligible issue of capital’

Equity Linked Saving Schemes (ELSS)

(3)

Popular Tax Saving Investment Options

Parameter

PPF

Bank FDs

NSC

ELSS

Tenure

15 years

5 years (lock in period)

5 years

Open-ended

(Infinite),

Close-ended

(10

years)

Lock-in period: 3 years

Returns

(As

applicable

presently) #

8.8% p.a.

Interest rate varies between

banks.

Usually the prevailing

5 yrs term deposit rate

8.6% p.a.

Compounded

(half-yearly)

Not Assured

Min. Investments *

` 500

` 100

` 500

Max. Investments *

` 1,00,000

No limit

3 Max. Investments *

` 1,00,000

No limit

Max Amount eligible for

deduction u / s 80C *

` 1,00,000

Whether

income/gains

received is tax-free u/s

10 of The Income – tax

Act, 1961 *

Yes. Interest u/s

10(11)

No

Yes. Dividend u/s 10 (35) &

LTCG^ u/s 10 (38)

# w.e.f. 01.04.2012

* In a financial year

^ LTCG – Long Term Capital Gains

(4)

Presenting

HDFC TaxSaver

4 (An Open-ended Equity Linked Savings Scheme with a

lock-in period of 3 years)

(5)

The following example illustrates

Tax Saving:

Assume Gross Total Income for the year is

` 12,00,000

Investment in HDFC TaxSaver

` 100,000

Income on which tax will be paid

` 11,00,000

Tax Saved on `

``

` 100,000/- (Tax Rate assumed: 30%)

`

``

` 30,900*

5 Tax Saved on `

``

` 100,000/- (Tax Rate assumed: 30%)

`

``

` 30,900*

*Including education cess @ 2% and secondary and higher education cess @ 1%

This implies that you can avail benefit of ` 30,900 in tax savings under Section 80C

(assuming highest tax bracket) on investments. This is apart from the returns your

investment would possibly earn in the fund

Investors should be aware that the fiscal rule/laws may change and there can be no guarantee that the

current tax position may continue indefinitely . In view of

individual

nature of tax consequences, each

investor is advised to consult his/her own professional tax advisor.

(6)

Why HDFC TaxSaver?

This is how an amount of `

`

` 10,000 invested on March 31, 1996 would

`

have performed on March 31, 2012

Year Ended PPF (`) @ NSC (`) @ S&P CNX 500

(`) # S&P CNX Nifty (`) ## HDFC TaxSaver * (`) $$ 31.3.1996 10,000 10,000 10,000 10,000 10,000 31.3.1997 11,200 11,240 9,018 9,827 9,040 31.3.1998 12,544 12,630 10,220 11,336 12,400 31.3.1999 14,049 14,190 10,830 10,941 23,190 31.3.2000 15,735 15,940 18,895 15,513 62,430 31.3.2001 17,466 17,910 10,772 11,653 39,650 31.3.2002 19,125 20,150 11,076 11,464 50,100 31.3.2003 20,846 22,003 10,017 9,928 47,020

6

31.3.2004 22,514 24,028 20,817 17,983 1,01,210 31.3.2005 24,315 26,239 25,321 20,660 1,70,420 31.3.2006 26,261 28,653 41,569 34,533 3,31,020 31.3.2007 28,362 31,291 44,925 38,786 3,37,730 31.3.2008 30,631 34,170 54,645 48,051 3,83,483 31.3.2009 33,081 35,815 32,777 30,660 244,849 31.3.2010 38,585 37,459 61,606 53,274 5,18,840 31.3.2011 41,672 39,103 66,080 59,208 5,87,527 31.3.2012 45,256 40,796 60,300 53,746 5,62,526

*Past performance may or may not be sustained in the future. Please also refer to the relative performance table on slide 15. # Benchmark Index of HDFC Tax Saver. ## Additional Benchmark Index for HDFC TaxSaver

$$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV ( ex-dividend NAV).

@ Year end balances have been arrived at by adding interest at the rates notified by the competent authorities from time to time. Maturity amount of NSC is reinvested on the maturity date at the prevailing interest rate

The above simulation is for illustration purposes only and is not an investment advice. Unlike PPF and NSC, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly comparable.

(7)

Public Provident Fund v/s HDFC TaxSaver

A comparison of `

`

` 10,000 invested every financial year on the

`

specified date

Period Ended Amount invested (`)(`)(`)(`) Balance in PPF a/c ( `) c ( `) c ( `) c ( `) @ Value of S& P CNX 500 (`)# (`)# (`)# (`)#

Value of S& P CNX Nifty (`)# # (`)# # (`)# # (`)# # Outstanding value of HDFC TaxSaver units (`)*(`)*(`)* $$(`)* 29-Mar-96 10,000 10,000 10,000 10,000 10,000 31-Mar-97 10,000 21,200 19,019 19,827 19,040 31-Mar-98 10,000 33,744 31,552 32,870 36,117 31-Mar-99 10,000 47,793 43,436 41,727 77,544 31-Mar-00 10,000 63,051 85,782 69,160 218,758 30-Mar-01 10,000 79,040 58,904 61,954 148,935 28-Mar-02 10,000 96,154 70,569 70,948 198,188 31-Mar-03 10,000 113,846 73,821 71,422 196,004

7

31-Mar-04 10,000 132,954 163,410 139,408 431,897 31-Mar-05 10,000 153,590 208,766 170,160 737,239 31-Mar-06 10,000 175,878 352,715 294,419 1,441,997 31-Mar-07 10,000 199,948 391,196 340,674 1,481,220 31-Mar-08 10,000 225,944 485,831 432,060 1,691,892 31-Mar-09 10,000 254,019 301,415 285,685 1,090,253 31-Mar-10 10,000 2,84,341 576,520 506,396 2,320,274 31-Mar-11 10,000 3,17,088 628,383 572,799 26,37,435 31-Mar-12 170,000 3,54,357 5,83,422 5,29,955 25,35,203

* Past performance may or may not be sustained in future. The above simulation is for illustration purpose only.

Please also refer to the relative performance table on slide 15. @ Year end balance has been arrived at by adding interest at the rates notified by the Competent authorities from time to time. # Benchmark Index of HDFC Tax Saver. ## Additional Benchmark Index for HDFC TaxSaver

$$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV ( ex-dividend NAV).

Unlike PPF, investments in Mutual Funds are subject to market risks. Hence, the performances are not strictly comparable.

(8)

Current Portfolio Strategy

In order to provide long term capital appreciation, the scheme will invest mainly

in growth companies

The companies selected under this portfolio would generally consist of medium

to large sized companies which:

Are likely to achieve above average growth than the industry

Enjoy distinct competitive advantages; and

8 Have superior financial strengths

The aim will be to create a portfolio, which represents a cross-section of strong

growth companies in the prevailing market

(9)

Portfolio Composition

(As on September 30, 2012)

9 (As on September 30, 2012)

(10)

Industry Allocation - % of Net Assets

(As at September 30, 2012)

Industrial Products

Media & Entertainment

Auto

Petroleum Products

Oil

Construction Project

Power

Industrial Capital Goods

Software

Pharmaceuticals

Consumer Non Durables

Banks

3.00

3.16

3.96

4.78

4.92

5.12

5.22

9.28

9.81

10.26

20.96 Construction

Non - Ferrous Metals

Others

Chemicals

Finance

Gas

Telecom - Services

Minerals/Mining

Ferrous Metals

Auto Ancillaries

Industrial Products

0.52

0.58

0.79

1.35

1.46

1.90

1.94

2.11

2.26

2.33

3.00 Others include: Consumer Durables (0.45%), Paper (0.30%), Transportation (0.04%)

(11)

Portfolio Composition

(As at September 30, 2012)

% to Net Assets

Top 10 equity holdings

38.24 Total Equity & Equity Related Holdings

98.87 Short Term Deposits as margin for Futures & Options

0.29

11 Other Cash, Cash Equivalents and Net Current Assets

0.84 Grand Total

100.00 Net Assets (` In crore) **

3,223.67**

(12)

Product Features

Type of Scheme Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years

Inception Date (Date of allotment) March 31, 1996

Investment Objective To achieve long term growth of capital

Fund Manager $ Vinay Kulkarni (Since November 21, 2006)

Options Growth and Dividend – The Dividend Option offers Dividend Payout and Reinvestment facility

Minimum Application Amount (Under Each Option)

Purchase & Additional Purchase: ` 500 and in multiples of ` 500 thereafter

Load Structure Entry Load: Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder

12

Load Structure Entry Load: Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factors including the service rendered by the ARN holder.

Exit Load: Nil

No entry / exit load shall be levied on bonus units and units allotted on dividend reinvestment. Lock-in period 3 Years from the date of allotment of the respective units

Tax Benefit U/s 80C of the Income-tax Act, 1961, an individual / HUF is entitled to a deduction upto ` 1 Lakh (along with other prescribed investments) for amounts invested in HDFC TaxSaver while computing the total income

Benchmark S&P CNX 500

(13)

Asset Allocation Pattern

Types of Instruments

Normal Allocation

(% of Net Assets)

Risk Profile

Equities

&

Equity

instruments

Minimum 80

Medium to High

Under normal circumstances, the asset allocation of the scheme’s portfolio will be as follows:

13 Debt

and

money

market

instruments*

Maximum 20

Low to medium

*Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme.

The scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 40% of net

assets) subject to SEBI (Mutual Funds) Regulations, 1996. The scheme may use derivatives mainly for the purpose of

hedging and portfolio balancing (max 25% of net assets including cash) based on the opportunities available subject to

SEBI (Mutual Funds) Regulations, 1996.

(14)

Performance

(As on September 28, 2012)

14 (As on September 28, 2012)

(15)

SCHEME PERFORMANCE SUMMARY

Date

Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ $$

S&P CNX

500 (%) #

S&P CNX

Nifty (%) ##

Scheme

(`)

S&P CNX

500 (`) #

S&P CNX

Nifty (`) ##

Scheme ^

S&P CNX

HDFC TaxSaver - Growth Option NAV as at September 28, 2012 ` 230.800

A. Cumulative Performance

_{Value of Investment of `10,000@}

B. Discrete 12 Month Return (%)

^ Past performance may or may not be sustained in the future.

Returns greater than 1 year period are compounded annualised (CAGR). N.A: Not Available

$$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth Options are assumed to be

reinvested in the units of the Scheme at the then prevaling NAV(ex-Dividend NAV).

# Benchmark of the Scheme. ## Additional Benchmark of the Scheme.

@ shows the current value of ` 10,000/- invested at the beginning of a given period.

Performance of dividend option under the schemes for the investors would be net of distribution tax applicable.

15 28-Sep-11 Last 1 Year

209.402 10.22

12.96

15.31 11,022

11,296

11,531 Period

Scheme ^

$$

S&P CNX

500 #

S&P CNX

Nifty ##

28-Sep-10 Last 2 Years

251.358 -4.17

-4.70

-2.74

9,182

9,080

9,459 Sep 28, 11 to Sep 28, 12

10.22

12.96

15.31 25-Sep-09 Last 3 Years

179.508

8.71

3.67

4.75 12,857

11,146

11,501 Sep 28, 10 to Sep 28, 11

-16.69

-19.62

-17.97

31-Mar-96 Since Inception 10.000

27.92

11.94 N.A

582,216 64,336

N.A Sep 25, 09 to Sep 28, 10

40.03

22.75

21.59

(16)

SCHEME PERFORMANCE SUMMARY

Of other schemes managed by Vinay Kulkarni

Date

Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^

BSE 200

(%) #

SENSEX

(%) ##

Scheme

(`)

BSE 200 (`)

#

SENSEX

(`) ##

28-Sep-11 Last 1 Year

35.976

4.89

13.48

14.09 10,489

11,348

11,409

Period

Scheme ^ BSE 200 # SENSEX ##

28-Sep-10 Last 2 Years

43.329 -6.67

-4.73

-3.39

8,709

9,075

9,332

Sep 28, 11 to Sep 28, 12

4.89

13.48

14.09 25-Sep-09 Last 3 Years

30.468

7.36

3.99

3.96 12,385

11,251

11,240

Sep 28, 10 to Sep 28, 11

-16.97

-20.03

-18.20

17-Sep-04 Since Inception

10.000

17.97

15.50

16.34 37,734

31,839

33,739

Sep 25, 09 to Sep 28, 10

42.21

23.97

20.44 HDFC Core & Satellite Fund - Growth Option NAV as at September 28, 2012 ` 37.734

HDFC Core & Satellite Fund - Growth Option NAV as at September 28, 2012 ` 37.734

A. Cumulative Performance

_{Value of Investment of `10,000@}

B. Discrete 12 Month Return (%)

HDFC Premier Multi-Cap Fund- Growth Option NAV as at September 28, 2012 ` 27.685

^

Past performance may or may not be sustained in the future.

Returns greater than 1 year period are compounded annualised (CAGR).

# Benchmark of the Scheme. ## Additional Benchmark of the Scheme

@ shows the current value of ` 10,000/- invested at the beginning of a given period.

Performance of dividend option under the schemes for the investors would be net of distribution tax applicable.

16 Date

Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^

S&P CNX

500 (%) #

S&P CNX

NIFTY (%)

##

Scheme

(`)

S&P CNX

500 (`) #

S&P CNX

NIFTY (`)

##

28-Sep-11 Last 1 Year

26.627

3.97

12.96

15.31 10,397

11,296

11,531

Period

Scheme ^

S&P CNX

500 #

S&P CNX

NIFTY ##

28-Sep-10 Last 2 Years

31.484 -6.22

-4.70

-2.74

8,793

9,080

9,459

Sep 28, 11 to Sep 28, 12

3.97

12.96

15.31 25-Sep-09 Last 3 Years

22.643

6.90

3.67

4.75 12,227

11,146

11,501

Sep 28, 10 to Sep 28, 11

-15.43

-19.62

-17.97

06-Apr-05 Since Inception

10.000

14.57

12.98

14.51 27,685

24,927

27,561

Sep 25, 09 to Sep 28, 10

39.05

22.75

21.59 HDFC Premier Multi-Cap Fund- Growth Option NAV as at September 28, 2012 ` 27.685

HDFC Premier Multi-Cap Fund- Growth Option NAV as at September 28, 2012 ` 27.685

A. Cumulative Performance

_{Value of Investment of `10,000@}

(17)

SCHEME PERFORMANCE SUMMARY

Of other schemes managed by Vinay Kulkarni

Date Period NAV Per Unit (`) Scheme Returns (%) ^ SENSEX (Total Return Index) (%) # S & P CNX NIFTY (%) ## Scheme (`) SENSEX (Total Return Index) (`) # S & P CNX NIFTY(`) ##

28-Sep-11 Last 1 Year 136.8509 14.65 16.32 15.31 11,465 11,632 11,531 Period

Scheme ^ SENSEX (Total Return Index) # S & P CNX NIFTY ## 28-Sep-10 Last 2 Years 168.0667 -3.37 -3.84 -2.74 9,336 9,247 9,459 Sep 28, 11 to Sep 28, 12 14.65 16.32 15.31 25-Sep-09 Last 3 Years 139.7640 3.92 4.01 4.75 11,226 11,258 11,501 Sep 28, 10 to Sep 28, 11 -18.57 -20.51 -17.97 17-Jul-02 Since Inception 32.1610 16.80 20.95 18.22 48,787 69,733 55,235 Sep 25, 09 to Sep 28, 10 20.25 21.75 21.59

HDFC Index Fund- Sens ex Plan - Gr owth O ption NAV as at September 28, 2012 ` 156.9041 HDFC Index Fund- Sens ex Plan - Gr owth O ption NAV as at September 28, 2012 ` 156.9041 HDFC Index Fund- Sens ex Plan - Gr owth O ption NAV as at September 28, 2012 ` 156.9041 HDFC Index Fund- Sens ex Plan - Gr owth O ption NAV as at September 28, 2012 ` 156.9041

A. Cumulative Performance _{Value of Investment of `10,000@}

B. Discrete 12 Month Return (% )

HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036

^

Past performance may or may not be sustained in the future.

Returns greater than 1 year period are compounded annualised (CAGR).

# Benchmark of the Scheme. ## Additional Benchmark of the Scheme

@ shows the current value of ` 10,000/- invested at the beginning of a given period.

17

Date Period NAV Per Unit (`) Scheme Returns (%) ^ S&P CNX Nifty (Total Returns Index) (%) # SENSEX (%) ## Scheme (`) S&P CNX Nifty (Total Returns Index) (`) # SENSEX (`) ##

28-Sep-11 Last 1 Year 42.8999 14.93 16.80 14.09 11,493 11,680 11,409 Period

Scheme ^ S&P CNX Nifty (Total Returns Index) # SENSEX (%) ## 28-Sep-10 Last 2 Years 52.5484 -3.13 -1.55 -3.39 9,383 9,692 9,332 Sep 28, 11 to Sep 28, 12 14.93 16.80 14.09 25-Sep-09 Last 3 Years 43.5357 4.22 5.98 3.96 11,325 11,910 11,240 Sep 28, 10 to Sep 28, 11 -18.36 -17.02 -18.20 17-Jul-02 Since Inception 10.3260 16.55 20.06 18.86 47,747 64,655 58,341 Sep 25, 09 to Sep 28, 10 20.70 22.89 20.44

HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036 HDFC Index Fund- Nif ty P lan - Gr owth O ption NAV as at September 28, 2012 ` 49.3036

(18)

SCHEME PERFORMANCE SUMMARY

For schemes managed by Vinay Kulkarni

HDFC MULTIPLE YIELD FUND- Growth Option $ NAV as at September 28, 2012 ` 20.5099

Date Period NAV Per Unit (`) Scheme Returns (%) ^ SENSEX (Total Return Index) (%) # S& P CNX Nifty (%) ## Scheme (`) SENSEX (Total Return Index) (`) # S& P CNX Nifty (`) ##

28-Sep-11 Last 1 Year 206.3102 16.29 16.32 15.31 11,629 11,632 11,531 Period Scheme ^

SENSEX (Total Return Index) # S& P CNX Nifty ## 28-Sep-10 Last 2 Years 242.7751 -0.59 -3.84 -2.74 9,882 9,247 9,459 Sep 28, 11 to Sep 28, 12 16.29 16.32 15.31 25-Sep-09 Last 3 Years 194.1029 7.29 4.01 4.75 12,360 11,258 11,501 Sep 28, 10 to Sep 28, 11 -15.02 -20.51 -17.97 17-Jul-02 Since Inception 32.1610 21.76 20.95 18.22 74,599 69,733 55,235 Sep 25, 09 to Sep 28, 10 25.08 21.75 21.59

HDFC Index Fund- Sensex Plus Plan - Growth Option NAV as at September 28, 2012 ` 239.9173 HDFC Index Fund- Sensex Plus Plan - Growth Option NAV as at September 28, 2012 ` 239.9173 HDFC Index Fund- Sensex Plus Plan - Growth Option NAV as at September 28, 2012 ` 239.9173 HDFC Index Fund- Sensex Plus Plan - Growth Option NAV as at September 28, 2012 ` 239.9173

B. Discrete 12 Month Return (%)

^

Past performance may or may not be sustained in the future.

Returns greater than 1 year period are compounded annualised (CAGR). # Benchmark of the Scheme. ## Additional Benchmark of the Scheme

@shows the current value of ` 10,000/- invested at the beginning of a given period.

$ Performance of dividend option under the scheme for the investors would be net of distribution tax applicable.

** Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.

18 The scheme is co-managed by Vinay Kulkarni (equities) & Anil Bamboli (Debt)

Date

Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ **

CRISL MIP

Blended

Index (%) #

Crisil 1 year

T-bill Index

(%) ##

Scheme

(`)

CRISIL MIP

Blended

Index (`) #

Crisil 1 Year

T-bill Index

(`) ##

28-Sep-11 Last 1 Year

18.5331

10.67

10.51

8.14 11,067

11,051

10,814

Period

Scheme ^

**

CRISIL MIP Blended Index #

Crisil 1 Year

T-bill Index

##

28-Sep-10 Last 2 Years

17.6281

7.85

6.17

6.74 11,635

11,275

11,395

Sep 28, 11 to Sep 28, 12

10.67

10.51

8.14 25-Sep-09 Last 3 Years

15.5390

9.66

6.74

5.28 13,199

12,170

11,676

Sep 28, 10 to Sep 28, 11

5.13

2.02

5.37 17-Sep-04 Since Inception

10.0000

9.35

7.85

5.39 20,510

18,354

15,252

Sep 25, 09 to Sep 28, 10

13.44

7.94

2.46 HDFC MULTIPLE YIELD FUND- Growth Option $ NAV as at September 28, 2012 ` 20.5099

HDFC MULTIPLE YIELD FUND- Growth Option $ NAV as at September 28, 2012 ` 20.5099

A. Cumulative Performance

_{Value of Investment of `10,000@}

(19)

SCHEME PERFORMANCE SUMMARY

For schemes managed by Vinay Kulkarni

Date

Period

NAV

Per

Unit (`)

Scheme

Returns

(%) ^ **

CRISL MIP

Blended

Index (%) #

Crisil 10

Year Gilt

Index (%)

##

Scheme

(`)

CRISIL MIP

Blended

Index (`) #

Crisil 10

Year Gilt

Index(`) ##

Scheme ^

**

CRISIL MIP

Blended

Index #

Crisil 10

Year Gilt

Index ##

HDFC MF MIP Short Term Plan - Growth Option NAV as at September 28, 2012 ` 19.0357

A. Cumulative Performance

_{Value of Investment of `10,000@}

B. Discrete 12 Month Return (%)

^

Past performance may or may not be sustained in the future.

Returns greater than 1 year period are compounded annualised (CAGR).

# Benchmark of the Scheme. ## Additional Benchmark of the Scheme

@ shows the current value of ` 10,000/- invested at the beginning of a given period.

Performance of dividend option under the scheme for the investors would be net of distribution tax applicable.

** Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.

19 The scheme is co-managed by Vinay Kulkarni (equities) & Shobhit Mehrotra (Debt)

28-Sep-11 Last 1 Year

17.4415

9.14

10.51

7.37 10,914

11,051

10,737 Period

**

Index #

Index ##

28-Sep-10 Last 2 Years

17.0517

5.65

6.17

5.61 11,164

11,275

11,155 Sep 28, 11 to Sep 28, 12

9.14

10.51

7.37 25-Sep-09 Last 3 Years

15.5561

6.93

6.74

4.98 12,237

12,170

11,575 Sep 28, 10 to Sep 28, 11

2.29

2.02

3.89 26-Dec-03 Since Inception 10.0000

7.62

7.10

4.36 19,036

18,239

14,537 Sep 25, 09 to Sep 28, 10

9.61

7.94

3.76

(20)

Dividend History

(Since 1999)

Record Date

Cum Dividend NAV per Unit (`)^

(`)^

Dividend Per Unit (`)^

(`)^

August 6, 1999

25.690

3.60 November 29, 1999

35.440

5.00 April 3, 2000

41.580

21.00 March 30, 2001

15.720

1.60 March 15, 2002

17.940

2.00 July 15, 2003

19.922

2.00 February 27, 2004

28.433

2.00 March 15, 2004

26.716

2.00

20 ^Past performance may or may not be sustained in the future.

All dividends are on face value of ` 10 per unit. After payment of the dividend, the per Unit NAV will fall to the extent of

the payout and statutory levy (if applicable)

February 17, 2005

40.572

5.00 March 17, 2006

67.080

7.50 March 7, 2007

60.360

7.50 March 7, 2008

66.092

8.00 March 5, 2009

31.155

5.00 March 4, 2010

61.914

6.00 March 3, 2011

62.686

6.00 March 1, 2012

56.738

6.00

(21)

Fund Suitability

(22)

Why HDFC TaxSaver?

Well diversified equity fund

Gives investors the twin advantage of availing of a tax deduction under section

80C of the Income-tax Act, 1961 along with the prospect of long term growth of

capital through equity investments

Has given investors a superior post tax return as compared to traditional tax

22 Has given investors a superior post tax return as compared to traditional tax

saving instruments^

(23)

HDFC TaxSaver is suitable for

investors:

Considering to invest for tax planning and avail benefit of tax deduction u/s 80C

of the Income – Tax Act, 1961

Looking for an alternate to traditional tax saving instruments

Willing to invest in a diversified equity fund with minimum lockin period of three

years

23

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DISCLAIMER: This presentation has been prepared by HDFC Asset Management Company Limited (“HDFC AMC”) on the basis of internal

data, publicly available information and other sources believed to be reliable. The information contained in this document is for general

purposes only. The document is given in summary form and does not purport to be complete. The document does not have regard to specific

investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information/

data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. The same

should not be construed as investment advice to any party. Neither HDFC AMC and HDFC Mutual Fund (the Fund) nor any person connected

with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make

his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on

the basis of information contained herein. Investors should be aware that the fiscal rule/laws may change and there can be no guarantee that

the current tax position may continue indefinitely . In view of

individual

nature of tax consequences, each investor is advised to consult

his/her own professional tax advisor.

Disclaimer & Risk Factors

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS

CAREFULLY

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