IDFC Factsheet March 2021

FACTSHEET
31st March 2021

2
Index
Equity/Index/ETF Funds
Commentary - Equity Outlook 9
Commentary - Debt Outlook 16
IDFC Large Cap Fund 18
IDFC Core Equity Fund 19
IDFC Flexi Cap Fund 20
IDFC Tax Advantage (ELSS) Fund 21
IDFC Focused Equity Fund 22
IDFC Sterling Value Fund 23
IDFC Emerging Businesses Fund 24
IDFC Infrastructure Fund 25
IDFC Nifty Fund 26
IDFC Sensex ETF 27
IDFC Nifty ETF 28
Hybrid/Fund of Funds
IDFC Arbitrage Fund 29
IDFC Equity Savings Fund 30
IDFC Dynamic Equity Fund 31
IDFC Hybrid Equity Fund 32
IDFC Regular Savings Fund 33
IDFC Asset Allocation Fund of Funds 34
IDFC All Seasons Bond Fund 36
Debt Funds
IDFC Overnight Fund 38
IDFC Cash Fund 39
IDFC Ultra Short Term Fund 40
IDFC Low Duration Fund 41
IDFC Money Manager Fund 42
IDFC Banking & PSU Debt Fund 43
IDFC Corporate Bond Fund 44
IDFC Bond Fund – Short Term Plan 45
IDFC Bond Fund – Medium Term Plan 46
IDFC Floating Rate Fund 47
IDFC Credit Risk Fund 48
IDFC Bond Fund – Income Plan 49
IDFC Dynamic Bond Fund 50
IDFC Government Securities Fund – Constant Maturity Plan 51
IDFC Government Securities Fund – Investment Plan 52
IDFC Gilt 2027 Index Fund 53
IDFC Gilt 2028 Index Fund 54
Performance Table 55
SIP Performance 58
Income Distribution and Capital Withdrawal* History 62
Fund Manager Details 66
Investment Objective 66
Know your Risk-o-meter 69
3
Equity Snapshot as on 31st March 2021
Month Operating Metrics Top 10 Holdings Top 10 Industry Ratios@
Inception
Category Scheme Name About the Fund Investment Style End AuM Benchmark Fund Managers
Date Annualized
(crs.) Fund BM Top 10 Holdings (% of NAV) Sector (% of NAV) Beta Sharpe
S.D
HDFC Bank Ltd. 8.80% Banks 24.3%
Large Cap Infosys Ltd. 8.13% Software 18.3%
99%
Reliance Industries Ltd. 7.41% Consumer Non Durables 10.1%
Participate in growth PE: 28.5 PE: 26.5 ICICI Bank Ltd. 5.96% Finance 8.6%
of top 100 companies 0% Mid Cap Housing Development Finance Corporation Ltd. 5.96% Petroleum Products 8.4%
IDFC Large Cap Sumit Agrawal,
Large cap selectively with an 09-Jun-06 708 PB: 3.7 PB: 3.3 S&P BSE 100 TRI 0.89 19.97% 0.41
Fund Tata Consultancy Services Ltd. 5.11% Auto 4.8% Arpit Kapoor
opportunistic allocation to
mid & small caps EPS Gr: 11.2% EPS Gr: 10.7% State Bank of India 3.76% Pharmaceuticals 4.0%
1% Small Cap
Bharti Airtel Ltd. 3.62% Telecom - Services 3.6%
UltraTech Cement Ltd. 3.23% Cement & Cement Products 3.2%
Growth Blend Value
Axis Bank Ltd. 3.04% Construction Project 2.6%
Infosys Ltd. 8.06% Banks 20.1%
ICICI Bank Ltd. 6.97% Consumer Non Durables 11.2%
61% Large Cap
HDFC Bank Ltd. 6.05% Software 10.3%
Blend of “Buy and Hold” PE: 36.0 PE: 27.8 UltraTech Cement Ltd. 4.14% Consumer Durables 8.9% Anoop Bhaskar,
and “Tactical" strategies; 25% Mid Cap Bharti Airtel Ltd. 3.57% Auto Ancillaries 6.0%
IDFC Flexi Cap Sachin Relekar
Flexicap Currently, focusing on 28-Sep-05 5,289 PB: 4.9 PB: 3.2 S&P BSE 500 TRI 0.91 21.49% 0.19
Fund* Atul Ltd. 3.20% Industrial Products 5.6% (w.e.f. 08th
benefitting from domestic
EPS Gr: 6.2% EPS Gr: 13.7% APL Apollo Tubes Ltd. 3.19% Chemicals 4.5% December 2020)
consumption theme
14% Small Cap 3M India Ltd. 3.15% Pharmaceuticals 4.3%
Voltas Ltd. 2.93% Cement & Cement Products 4.1%
Growth Blend Value
Bata India Ltd. 2.65% Telecom - Services 3.6%
ICICI Bank Ltd. 8.52% Banks 29.7%
70% Infosys Ltd. 8.36% Software 17.3%
Large Cap
HDFC Bank Ltd. 7.86% Petroleum Products 7.9%
Upto 30 high conviction PE: 24.7 PE: 27.8 State Bank of India 6.35% Industrial Products 5.5%
IDFC Focused ideas across market cap 14% Mid Cap Reliance Industries Ltd. 6.00% Chemicals 5.1%
Focused 16-Mar-06 1,413 PB: 2.7 PB: 3.2 S&P BSE 500 TRI 0.90 21.80% 0.12 Sumit Agrawal
Equity Fund and sectors with mix of Tata Consultancy Services Ltd. 5.26% Finance 4.8%
core and tactical ideas EPS Gr: 8.4% EPS Gr: 13.7% Fine Organic Industries Ltd. 5.08% Consumer Non Durables 3.9%
16% Small Cap
Bharti Airtel Ltd. 3.75% Telecom - Services 3.7%
SIS Ltd. 3.68% Commercial Services 3.7%
Growth Blend Value
The Federal Bank Ltd. 3.53% Auto 3.7%
Infosys Ltd. 7.41% Banks 21.4%
ICICI Bank Ltd. 6.90% Software 11.8%
53% Large Cap
HDFC Bank Ltd. 6.13% Pharmaceuticals 9.1%
Portfolio with focus of PE: 27.3 PE: 29.0 State Bank of India 3.07% Industrial Products 6.6%
39% NIFTY Bharti Airtel Ltd. 2.94% Cement & Cement Products 6.5%
Large and IDFC Core Equity Quality large & mid cap Mid Cap
09-Aug-05 2,229 PB: 3.1 PB: 3.1 LargeMidcap 0.98 24.07% 0.23 Anoop Bhaskar
Mid cap Fund stocks available at relatively Deepak Nitrite Ltd. 2.77% Auto Ancillaries 5.7%
250 TRI
low valuations EPS Gr: 20.6% EPS Gr: 24.0.% Axis Bank Ltd. 2.51% Consumer Non Durables 4.8%
8% Small Cap
ACC Ltd. 2.45% Power 4.6%
Reliance Industries Ltd. 2.41% Petroleum Products 3.8%
Growth Blend Value
Supreme Industries Ltd. 2.23% Telecom - Services 2.9%
ICICI Bank Ltd. 7.01% Banks 15.8%
Infosys Ltd. 6.41% Software 13.7%
52% Large Cap
Deepak Nitrite Ltd. 4.43% Pharmaceuticals 6.4%
A multi cap oriented ELSS PE: 29.3 PE: 27.7 HDFC Bank Ltd. 4.00% Chemicals 6.3%
IDFC Tax 20% Mid Cap Reliance Industries Ltd. 3.69% Consumer Durables 6.0%
fund focusing on GARP
ELSS Advantage 26-Dec-08 2,988 PB: 2.6 PB: 3.3 S&P BSE 200 TRI 1.17 26.88% 0.24 Daylynn Pinto
(Growth at Reasonable State Bank of India 3.29% Cement & Cement Products 5.4%
(ELSS) Fund
Price) EPS Gr: 28.0% EPS Gr: 14.0% Bharti Airtel Ltd. 3.12% Auto 5.3%
28% Small Cap
Tata Motors Ltd. 3.03% Industrial Products 5.0%
Jindal Steel & Power Ltd. 2.59% Petroleum Products 5.0%
Growth Blend Value NCC Ltd. 2.46% Ferrous Metals 3.9%
Deepak Nitrite Ltd. 4.65% Cement & Cement Products 9.8%
ICICI Bank Ltd. 3.99% Consumer Durables 9.3%
15% Large Cap
JK Cement Ltd. 3.37% Auto Ancillaries 7.8%
PE: 26.7 PE: 32.3 Gujarat Gas Ltd. 3.34% Software 6.5%
Follows Value investment 45% Mid Cap Jindal Steel & Power Ltd. 3.21% Consumer Non Durables 6.5%
IDFC Sterling S&P BSE 400 Anoop Bhaskar,
Value strategy; currently over 07-Mar-08 3,208 PB: 3.0 PB: 2.9 1.05 30.59% 0.08
Value Fund MidSmallCap TRI KEC International Ltd. 3.01% Industrial Products 5.8% Daylynn Pinto
weight in mid & small caps
EPS Gr: 26.2% EPS Gr: 31.1% NCC Ltd. 2.71% Banks 5.4%
41% Small Cap
Emami Ltd. 2.58% Chemicals 5.2%
Minda Industries Ltd. 2.53% Ferrous Metals 5.0%
Growth Blend Value
Voltas Ltd. 2.50% Power 4.2%
Larsen & Toubro Ltd. 9.32% Cement & Cement Products 17.8%
Large Cap UltraTech Cement Ltd. 8.28% Transportation 16.4%
33%
Adani Ports and Special Economic Zone Ltd. 7.43% Construction Project 16.2%
A true blue Infrastructure PE: 21.2 PE: 15.4 JK Cement Ltd. 7.04% Construction 11.6%
IDFC 31% Mid Cap Bharti Airtel Ltd. 6.44% Gas 8.7% Sachin Relekar
fund focusing to benefit S&P BSE India
Sectoral Infrastructure 08-Mar-11 586 PB: 2.3 PB: 1.3 0.98 31.07% -0.07 (w.e.f. 08th
from economic growth and Infrastructure TRI PNC Infratech Ltd. 6.33% Telecom - Services 6.4%
Fund December 2020)
infrastructure development EPS Gr: -7.2% EPS Gr: -14.6% Gujarat Gas Ltd. 5.75% Industrial Capital Goods 5.0%
36% Small Cap
Torrent Power Ltd. 4.56% Ferrous Metals 4.7%
Container Corporation of India Ltd. 3.37% Power 4.6%
Growth Blend Value Thermax Ltd. 3.21% Industrial Products 4.5%
Radico Khaitan Ltd. 4.22% Consumer Non Durables 13.0%
Large Cap Navin Fluorine International Ltd. 3.40% Industrial Products 10.8%
11%
NOCIL Ltd. 3.32% Software 9.1%
Portfolio of high conviction PE: 26.5 PE: 28.3 Kajaria Ceramics Ltd. 3.13% Consumer Durables 8.5%
IDFC Emerging 10% Mid Cap Birlasoft Ltd. 3.00% Chemicals 7.7%
small caps which can be S&P BSE 250
Small Cap Businesses 25-Feb-20 951 PB: 3.2 PB: 2.5 - - - Anoop Bhaskar
the potential leaders of SmallCap TRI Shaily Engineering Plastics Ltd. 2.96% Leisure Services 4.8%
Fund#
the future EPS Gr: 14.6% EPS Gr: 12.2% TeamLease Services Ltd. 2.87% Auto Ancillaries 4.7%
79% Small Cap
Gulf Oil Lubricants India Ltd. 2.74% Pharmaceuticals 4.3%
Multi Commodity Exchange of India Ltd. 2.62% Capital Markets 3.9%
Growth Blend Value Westlife Development Ltd. 2.46% Banks 3.7%
"Ratios calculated on the basis of 3 years history of monthly data

^Ratios calculated on the basis of monthly data Since Inception
For the investment framework, 3=Very Important, 1=Least Important.
The 7-factors considered for each schemes are rated on a relative basis to highlight their respective significance. The numbers do not have any significance in absolute terms.
Stable Sectors: Auto, Retail Banks, NBFC, Consumer Staples, Consumer Discretionary, IT Services, Healthcare / Pharma; Cyclical Sectors: Cement/Building Material, Corp Banks, Industrials (including CVs), Utilities, Telecom, Commodities (Metals/Oil & Gas etc).
#
Note : Ratios are not given as scheme has not completed 3 years. £IDFC Infrastructure Fund, IDFC Equity Savings Fund and IDFC Equity Opportunity - Series 4 were being managed by Rajendra Kumar Mishra upto December 7, 2020.
Ratios @ is of 31st March 2021.
Schemes are sorted basis Standard deviation.
*Note: “IDFC Multi Cap Fund” has been re-categorized from the Multi Cap Fund Category to the Flexi Cap Fund category and has been renamed as “IDFC Flexi Cap Fund“ with effect from February 09, 2021. Refer the addendum issued in this regard detailing the changes being carried out to the SID of
the Scheme which is available on our website i.e. www.idfcmf.com.
4
3 - Lens Debt Allocation Framework
Asset
Allocation
Liquidity
Management Core Satellite
IDFC Overnight Fund IDFC Ultra Short Term Fund

IDFC Cash Fund IDFC Money Manager Fund Interest
Credit Risk
IDFC Low Duration Fund Rate Risk
IDFC Bond Fund – Short Term Plan
IDFC Bond Fund – Medium Term Plan IDFC Dynamic Bond Fund
IDFC All Season Bond Fund IDFC Credit Risk Fund
IDFC Bond Fund – Income Plan
IDFC Corporate Bond Fund IDFC Floating Rate Fund IDFC Government Securities Fund –
IDFC Banking & PSU Debt Fund Income Plan
IDFC Government Securities Fund-
Constant Maturity Plan
IDFC Gilt 2027 Index Fund
Liquidity: For very short term parking of surplus or emergency corpus

Core: Ideally forms bulk of your allocation – Funds that focus on high credit quality and low to moderate maturity profile
Satellite: Funds that can take higher risk – either duration risk or credit risk or both
5
Debt Snapshot as on 31st March 2021
Asset Total Total
Month End Asset Quality Asset Average Modified Macaulay Yield to
Allocation Scheme Name Positioning Expense Ratio Expense Exit Load Fund Manager
AuM (crs.) (%)+ Allocation (%) Maturity Duration Duration Maturity
Requirement -Regular Ratio -Direct
Invests in overnight securities / 1 AAA TRI Party
Business day residual maturity
IDFC Overnight Fund 1,420 Equivalent Repo/Cash eq.: 5 days 5 days 5 days 3.37% 0.19% 0.09% Nil Brijesh Shah
(Min. recommended investment = 100 100.00
horizon- 1 day)
Investor exit Day 2 Day 3 Day 4
upon subscription Day 1
CP : 39.08 Exit load as a
An open ended liquid scheme AAA TB : 39.82 % of redemption 0.0070% 0.0065% 0.0060% 0.0055%
proceeds Harshal Joshi &
IDFC Cash Fund (Min. recommended investment 8,142 Equivalent CD : 0.92 50 days 48 days 50 days 3.30% 0.20% 0.15%
Liquidity
Investor exit Anurag Mittal
Day 6 Day 7 onwards
horizon- 7 days) = 100 CB : 1.05 upon subscription Day 5
Management
ZCB : 2.72 Exit load as a
% of redemption 0.0050% 0.0045% 0.0000%
proceeds
CB : 16.79
CP : 26.12
Macaulay duration of the portfolio G Sec/
IDFC Ultra Short Term is between 3 to 6 months AAA SDL : 10.72
Fund (Min. recommended investment 5,020 Equivalent TB : 9.83 122 days 115 days 119 days 3.59% 0.42% 0.26% Nil Harshal Joshi
= 100
horizon- 3 months) CD : 9.78
Floating Rate
note : 1.99
Invests in money market CD : 20.91
AAA
IDFC Money Manager instruments predominantly CP : 35.32 Anurag Mittal &
3,072 Equivalent 189 days 181 days 186 days 3.71% 0.90% 0.22% Nil
Fund (Min. recommended investment G Sec/SDL : Harshal Joshi
= 100
horizon- 6 months) 32.15
CB : 33.80
G Sec/
SDL : 12.61
Macaulay duration of the portfolio AAA CP : 13.64
IDFC Low Duration is between 6 to 12 months 319
6,881 Equivalent CD : 15.93 291 days 303 days 4.03% 0.52% 0.30% Nil Anurag Mittal
Fund (Min. recommended investment days
= 100 TB : 0.36
horizon- 6 months) ZCB : 1.71
Floating Rate
note : 1.45%
- Predominantly invests in high CB : 80.54
quality money market and debt G Sec/SDL :
AAA
IDFC Banking and PSU instruments of Banks, PSU and PFI. 11.58 1.94 1.80
17,764 Equivalent 4.76% 0.63% 0.31% Nil Anurag Mittal
Debt Fund++ -Roll down strategy currently CD : 2.94 years 1.72 years years
= 100
(Min. recommended investment ZCB : 0.02
Core
horizon- 3 years)^^ CP : 0.84
IDFC Banking
& PSU Debt
A FOF structure which typically Fund: 61.86
in our debt schemes upto AAA
IDFC All Seasons Bond invests IDFC Bond 2.06 1.80
short term funds currently. (Min. 155 Equivalent 1.88 years 4.81% 0.49% 0.11% Nil Harshal Joshi
Fund^ Fund-ST: 30.69 years years
recommended investment horizon- = 100 IDFC Corporate
2 years) Bond Fund :
6.57
- A Short term Fund
Avg Maturity ordinarily anchored AAA CB : 74.16
IDFC Bond Fund- Short -around 2.19 1.88 1.95 Suyash
2 years currently 12,981 Equivalent PTC : 0.57 4.83% 0.78% 0.30% Nil
Term years years years Choudhary
(Min. recommended investment = 100 G Sec : 16.98
horizon- 2 years)
- A dedicated Corporate Bond CB : 69.85
AAA G Sec/
IDFC Corporate Bond portfolio 2.87 2.49 2.60
- Roll Down Strategy curently 22,943 Equivalent SDL : 26.07 5.32% 0.58% 0.27% Nil Anurag Mittal
Fund years years years
(Min. recommended investment = 100 CP : 0.53
horizon- 3 years)^^ CD : 0.22
- An Actively managed fund with G Sec/
Macaulay duration band between AAA
IDFC Bond Fund - SDL : 67.16 4.26 3.43 3.54 Suyash
3-4 years (Min. recommended 4,713 Equivalent 5.61% 1.46% 0.76% Nil
Medium Term Plan CB : 18.62 years years years Choudhary
investment horizon- = 100 PTC : 0.72
3 years)
6
Debt Snapshot as on 31st March 2021
Asset Total Total
Month End Asset Quality Asset Average Modified Macaulay Yield to
Allocation Scheme Name Positioning Expense Ratio Expense Exit Load Fund Manager
AuM (crs.) (%)+ Allocation (%) Maturity Duration Duration Maturity
Requirement -Regular Ratio -Direct
Predominantly invests in floating
rate instruments (including fixed CD : 28.49
AAA
rate instruments converted : 50.15
IDFC Floating Rate Equivalent = CB 1.28 1.03 1.08 Anurag Mittal &
to floating rate exposures 585 Floating Rate 4.55% 0.75% 0.27% Nil
Fund 95.81 years years years Arvind Subramanian
using swaps/derivatives) (Min. note : 14.53
AA = 4.20
recommended investment horizon Swaps: 30.77
– 6 months)
Aims to provide an optimal
risk-reward profile to investors AAA
by focusing on companies with Equivalent CB : 46.65
management and evolving = 67.55 3.49 2.73 2.88
IDFC Credit Risk Fund well-run 813 PTC : 8.32 7.26% 1.70% 0.66% 1% for 365 days Arvind Subramanian
business prospects or good AA = 24.16 years years years
G Sec : 22.19
businesses with improving financial AA- = 3.10
profile. (Min. recommended A+ = 5.20
investment horizon- >3years)
- Actively Managed Gilt Fund
- Portfolio postioned depending AAA
IDFC G-Sec Fund- 5.87 4.68 4.82
on interest rate view (Min. 1,591 Equivalent G Sec : 97.87 6.21% 1.24% 0.61% Nil Suyash Choudhary
Investment Plan years years years
recommended investment horizon- = 100
>3years)
An open-ended Target Maturity
fund investing in constituents AAA
IDFC Gilt 2027 Index Index 5.59 4.42 4.56 Anurag Mittal
of CRISIL Gilt 2027 Index 152 Equivalent G Sec : 96.80 6.06% 0.40% 0.15% Nil
Fund years years years (w.e.f. 23-03-2021)
(Min. recommended investment = 100
Satellite
horizon- >3years)
- Actively managed fund positioned
to take exposure across the yield AAA
IDFC Dynamic Bond curve depending on fund manager’s 5.69 4.55 4.68
3,952 Equivalent G Sec : 97.84 6.18% 1.58% 0.56% Nil Suyash Choudhary
Fund view years years years
= 100
(Min. recommended investment
horizon- >3years)
- Actively managed fund (Macaulay AAA Within 365 days:
IDFC Bond Fund - duration between 4-7years) 5.92 4.70 4.84
687 Equivalent G Sec : 98.15 6.23% 1.95% 1.20% - 10% of invst: Nil Suyash Choudhary
Income Plan (Min. recommended investment years years years
= 100 - Remaining invst: 1%
horizon- >3years)
An open-ended Target Maturity
fund investing in constituents AAA
IDFC Gilt 2028 Index Index 6.29 4.89 5.04 Anurag Mittal
of CRISIL Gilt 2028 Index 57 Equivalent G Sec : 98.21 6.22% 0.40% 0.15% Nil
Fund years years years (w.e.f. 23-03-2021)
(Min. recommended investment = 100
horizon- >3years)
Gilt Fund with around 10
IDFC Government AAA
years average maturity (Min. 8.71 6.32 6.52
Securities Fund- 307 Equivalent G Sec : 97.50 6.54% 0.62% 0.49% Nil Harshal Joshi
recommended investment horizon- years years years
Constant Maturity = 100
>3years)
Liquidity: For very short term parking of surplus or emergency corpus
Core: Ideally form bulk of your allocation – Funds that focus on high credit quality and low to moderate maturity profile
Satellite: Funds that can take higher risk – either duration risk or credit risk or both
Wherever applicable, GSec/SDL yields have been annualized +Asset Quality calculated is for fixed income portion
++
Has been changed to IDFC Banking & PSU debt fund w.e.f. 12th June '17
^
The expenses of the scheme will be over and above the expenses charged by the underlying schemes. "Funds are sorted as per average maturity in their respective allocation bucket"
Standard Deviation calculated basis monthly returns for past one year
CD: Certificate of Deposit, CP: Commercial Paper, CB: Corporate Bond, ZCB: Zero Coupon Bond
^^The scheme is currently following a ‘roll down’ investment approach on a tactical basis. This means that ordinarily the average maturity of the scheme’s portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent
periods of volatility in the maturity profile owing to AUM movement and market conditions. The approach being followed currently is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
The product positioning and intended duration stated in this document is based on current view & is subject to change from time to time.
7
Hybrid Snapshot as on 31st March 2021
Investment Asset Asset Average Modified Macaulay
Scheme Name Positioning AuM (crs) Std. Dev.@ YTM Exit Load Fund Manager
Bucket Quality(%) Allocation(%) Maturity Duration Duration
G-Sec/SDL =
20.83 10% of investment: Nil
Hybrid fund which offers 15%
AAA Net Equity = 17.88 Remaining investment:
IDFC Regular Savings to 25% participation in the Equity: Sumit Agrawal
180 Equivalent ETF (IDFC Nifty 4.24% 1.96 years 1.65 years 1.71 years 4.66% 1% if redeemed/switched
Fund*^^ equity markets & 75% to 90% ETF) = 6.00 Debt: Anurag Mittal
= 100% out within 1 year from
to be invested in fixed income CB = 30.34 the date of allotment
ZCB = 1.26
Investing in equity, arbitrage Net Equity = 27.63
10% of investment: Nil Equity Portion: Yogik Pitti
and debt with net equity ETF (IDFC Nifty
AAA Remaining investment: & Sachin Relekar (w.e.f.
IDFC Equity Savings exposure ranging from ETF) : 8.62
54 Equivalent 9.05% 1.18 years 1.04 years 1.10 years 4.03% 1% if redeemed/switched 08th December 2020)£
Fund$^^ 20-45% and debt exposure Arbitrage = 38.71
= 100% out within 1 year from Debt Portion:
ranging from 20-35%, CB = 9.75
the date of allotment Harshal Joshi
remaining being in arbitrage TB = 9.29
Dynamically invests between
Net Equity = 35.21
Equity and Debt; buys less 10% of investment: Nil
CB = 3.54
when markets are expensive AAA Remaining investment: Equity: Arpit Kapoor &
IDFC Dynamic Equity Arbitrage = 31.82
and more when markets are 1,757 Equivalent 13.90% 1.87 years 1.56 years 1.62 years 4.26% 1% if redeemed/switched Sumit Agrawal
Fund^^ CP = 2.77
cheap and is based on the = 100% out within 1 year from Debt: Arvind Subramanian
TB = 15.30
model that tracks market the date of allotment
HYBRID FUNDS
G Sec = 9.04
valuation (PE)
Provides a combination of
equity (between 65% and
80%) and debt (between 20% 10% of investment: Nil
and 35%) so as to provide AAA Equity = 80.34 Remaining investment:
IDFC Hybrid Equity Equity: Anoop Bhaskar
both stability of returns 504 Equivalent CB = 10.59 18.03% 2.47 years 2.09 years 2.16 years 4.93% 1% if redeemed/switched
Fund# ^^ Debt: Anurag Mittal
and potential of growth. = 100% G Sec/SDL = 7.34 out within 1 year from
Both equity and fixed the date of allotment
income portions are actively
managed.
*Monthly income is not assured and is subject to availability of distributable surplus;
Standard Deviation calculated basis monthly returns for the past one year for Regular Savings Fund and for past the three years for Dynamic Equity Fund, Hybrid Equity Fund and Equity Savings Fund
Income Distribution and Capital Withdrawal frequency: D- Daily, W-Weekly, F-Fortnightly, M- Monthly, Bi-M-Bi-Monthly,Q- Quarterly, H-Half Yearly, A-Annual, R- Regular
$
IDFC Arbitrage Plus Fund has been repositioned as IDFC Equity Savings Fund w.e.f. April 30, 2018
#
IDFC Balanced Fund has been repositioned as IDFC Hybrid Equity Fund w.e.f. April 30, 2018.@Please note Std Deviation is of 31st March 2021
^^
For debt allocation only. £The Scheme was being managed by Yogik Pitti, Rajendra Kumar Mishra and Harshal Joshi, upto December 7, 2020. Schemes are sorted basis standard deviation
8
Commentary - Equity Outlook
GLOBAL MARKETS
Globally, equities remained volatile after

US 10 Year bond yields crossed 1.7%, a level
that was being considered as a tipping
point for equity risk by many investors.
DXY (US Dollar Index) too mirrored
the rise in US yields and gained 2.5%+
during March, putting some pressure
on EM (Emerging Markets) equities.
Global equities traded higher, but
exhibited divergent regional trends. EM
equities underperformed (MXEF -1.7%)
as the resurgence of virus outbreak and
rising US yields wore down risk appetite.
In the developed space, European equities
(SXXP +6.1%) outperformed relative to
their US peers (SPX +4.2%). Intuitive
consideration for this is the Value/ Growth
tilt, given the US bias to Technology, Source: Bloomberg. Returns are absolute
and Eurozone bias to Value/Banks.
Bond yields continued to advance higher on accelerating growth / inflation expectations and positive
economic data, despite downside surprise on US core inflation. With the passage of USD1.9trn of US fiscal
stimulus, the focus now has turned to President Biden’s infrastructure package, where proposals range
from USD2trn to USD4trn.
Covid & Vaccines: India witnessed a second wave of COVID in March with several major states reporting
a rise in active cases. Various parts of the country saw new restrictions, though a strict lockdown wasn’t
announced in any state. The daily number of new cases (7DMA) has increased from 11,000 in mid-February
to ~ 62,000 now. (the first wave peaked at 93,000 in mid-September). The positivity rate (new cases per
100 tests), has more than tripled over the last 6 weeks from 1.6% in mid-February to 5.9%.
India’s active COVID cases are now 42% of September 2020 peak. However, the surge is not widespread
with 61% of all active cases from Maharashtra (MH). MH averaged about 30% of active cases through
last year. The active case load is concentrated in Maharashtra, Kerala, Punjab, Karnataka, Tamil Nadu,
Chhattisgarh, and Madhya Pradesh.
India inoculated ~60mn+ citizens against COVID by end-March. Starting April, the government planned to
extend the vaccinations to all citizens above the age of 45 years, irrespective of their medical history.
Domestic Markets
MSCI India (USD) rose 2.2% in March and significantly outperformed peers MSCI APxJ (-2.3%) and MSCI
EM (-1.7%).
Indian equities rallied 2% over the month, beating concerns over increasing COVID-19 cases and building
inflationary pressure. Markets started on an upward trend on supportive global cues, with NIFTY hovering
close to 15,000-15,200 levels. However, performance was choppy later as markets traded in line with
global markets on worries over increasing bond yields. Sideways oil prices were an overall tailwind.
9
Source: Bloomberg. Returns are absolute
Capital Flows: FPIs buying moderated slightly to ~USD2.6bn in March (CYTD +USD7.6bn) vs net
inflows of ~USD3bn witnessed in February. FPIs remained net sellers in the debt markets with
outflows of USD756mn in March (vs outflows of USD986mn in February).
It was encouraging to see DIIs turn net buyers for the first time in 2021 with net inflows of
~USD0.7bn (YTD -USD3.2bn) during the month as the incessant selling by Domestic Mutual
Funds paused likely due to reversal in Mutual Fund flow trends.
Source: Bloomberg
Bond Markets and Currency: Benchmark 10 Year treasury yields averaged at 6.19% in March (11bp higher
vs February avg.). On month end values, the 10 Year yield was down 7bps to end the month at 6.17%. US
10 Year yield is at 1.74% (+34bps m-o-m, +107bps y-o-y).
INR gained 0.5% and ended the month at 73.11 per USD in March. INR substantially outperformed JPM
EM FX (-1.0%) in March. In the last 12 months, INR (+3.3%) has underperformed the broader EM FX
(+5.2%). DXY gained +2.6% in March (vs +0.3% in Feb) and ended the month at 93.23 (-5.9% in the last
12 months).
India’s FX reserves are close to their all-time peak at USD582bn as of 19 March. FX reserves have decreased
by USD1.6bn in the last four weeks.
10
Sectoral Impact
IT, Consumer Staples and Metals outperformed while Telecom and Energy were notable laggards in
March.
Sectoral Performance as on March 31, 2021
Source: Bloomberg. Less than 1 year absolute returns, Greater than 1 year CAGR
11
Key Sectoral Trends:
Financials welcomed the Supreme Court decision to lift the standstill on NPA recognition, however the
compound interest waiver for all loans raised questions as to who will bear the burden for loans >INR
20mn. Indian Banks’ Association requested the government to compensate lenders for the incremental
waiver.
Auto: Wholesale volumes in February were a mixed bag wherein passenger vehicles and 2W reported
weak trends while tractors and commercial vehicles were still strong. Major players have announced
price hikes effective April, to offset the impact of rising commodity prices. The draft guidelines of the
much-awaited Vehicle Scrapping policy fell slightly short of market expectations as it was voluntary
and government incentives were limited.
Realty: Housing sales in top 7 cities surged in 2021 with MMR & Pune contributing more than half of
total sales in top cities. Unsold stocks, however, rose 1% q-o-q to ~642k units due to a robust pipeline of
new launches in most cities.
Energy: sector was in focus due to volatility in crude post the OPEC+ surprise outcome. BPCL took
steps closer to its privatization by concluding the divestment of its Numaligarh Refinery and partial sale
of Trust Shares however the quantum of interim dividend disappointed the street. Retail fuel prices were
cut multiple times across India as fall in crude prices provided some breathing space to the OMCs.
Pharma: Gland Pharma partnered with Russian Direct Investment Fund to manufacture Sputnik
vaccine.
Within Materials, Cement was in focus as price hikes returned in March with ~6-7% in West/East and
~9-13% in South, allaying fears of margin pressure due to RM (raw material) costs. Domestic steel prices
on the other hand, saw the first cut since Aug-20.
The Macro Picture

PMI: India’s composite PMI increased for a second straight month, rising by 1.5 points to 57.3, the second-
highest level in a year. The increase was led primarily by a sharp rise in services (+2.5 pts) at 55.3, the
highest in a year. The manufacturing index retreated gradually (-0.2 pts), but off a high base and still
printed at 57.5.
Services has thus far has been lagging the recovery and February revealed signs of some catch-up. With
the link between mobility (activity) and virus proliferation breaking-down as consumers continue to
normalize, services activity is mean-reverting. Forward-looking new orders also remained strong across
both manufacturing and services.
Inflation: Retail inflation in Feb-21 rose to a 3-month high of 5.03% y-o-y v/s 4.1% y-o-y in Jan-21. This
was primarily led by a 1.9ppts rise in food inflation to 3.9% y-o-y driven by lower deflation in vegetables
and higher inflation in fruits, oils & fats. Fuel and light inflation moderated by 34bps to 3.5% y-o-y led
by LPG and electricity. Petrol/diesel inflation however rose 20%+ y-o-y, the highest since Jan-15/Oct-18
respectively. Core inflation (ex. food+, fuel+, petrol and diesel) fell marginally to 5.3% y-o-y in Feb’21 vs.
5.4% last month as the: a) decline in inflation in gold, education, mobile tariffs and housing, was sharper
than the, b) rise in medicines, TV/cable charges, domestic help and washing soap/powder.
Industrial Production (IP): While it was a downside surprise, sequentially IP still rose 0.7% m/m, as on the
back of the upwardly revised 2.1% increase last month. In level terms, industrial production continued to
inch up and was 97% of its pre-pandemic level in January compared to 96% in December.
Within the internals, consumer durables were flat after rising sharply by 4.9% m-o-m, as in December.
However, consumer non-durables contracted for a third consecutive month falling by 2.5% m-o-m, as in
January. In level terms, consumer durables (99%) is close to its pre-pandemic level, but consumer non-
durables have fallen behind at 93%.
Fiscal Deficit: Centre’s fiscal deficit for Apr-Feb-21 period came in at 76% of the revised estimate of INR
18.5trn. Even after adjusting for food / fertilizer subsidies worth ~INR 3trn, the targeted expenditure for
March seemed like a tall ask.
Despite the emergence of the 2nd wave in India, the RBI and the Chief Economic Advisor do not expect
economic growth to get derailed for now. The International Monetary Fund (IMF) has stated that the Indian
economy was on the path of gradual recovery. Fitch Ratings has upgraded India's growth projection for
2021-22 to 12.8% from its previous estimate of 11%.
12
GST collections: GST collections in February came at INR 1.13tn (+7.4% y-o-y). This was the fifth consecutive
month with collections of more than INR 1tn. The Centre has released 100% of the total estimated GST
compensation shortfall of INR 1.1trn for 2020-21 to states/UTs (union territories). Finance Minister Nirmala
Sitharaman has said that the government is open to discussing the issue of bringing petrol and diesel
under the indirect tax regime in the next meeting of the GST Council.
IPO, M&A and PE investments: Deal activity accelerated in March with 27 deals worth ~USD4.9bn (vs
11 deals worth ~USD1.7bn in February). Notable ones being BPCL Trust Share sale (~USD0.8bn), Tata
Communications OFS (~USD0.7bn), PE Stake Sale in SBI Cards (~USD0.5bn) and a slew of IPOs – Kalyan
Jewellers, Craftsman Automation, Anupam Rasayan, Laxmi Organic, Nazara Technologies among
others.
Commodities: The Brent oil price fell 4%
in March, after a remarkable 17.5% mom
gain in February. OPEC+ agreed to keep
production unchanged in April. Oil prices
remained choppy over the month with
significant 4-7% daily change over the last
few weeks. Despite a flurry of relatively
bearish demand headlines, a significant
part of this selling came from systematic
investors. The pace of demand recovery
will likely not allow OPEC+ to restore more
than 2.5-3 mbd of production this year.
Thrust on Atma-Nirbhar Bharat through
production-linked incentive (PLI)
schemes
A slew of PLI schemes have already been Source: Bloomberg
announced in the past 4 months for
industries such as Telecom, IT hardware,
Pharmaceuticals etc. March-21 saw approval of PLI scheme for another 2 industries. INR 109bn PLI scheme
for the food processing industry and ~USD1bn cash incentive to each semiconductor company that sets
up units in India.
State Budget indicates higher spending plans
Aggregate of 16 states that form 91% of the Indian GDP reveal robust spending plans. These are Bihar,
Chhattisgarh, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Odisha,
Punjab, Rajasthan, Tamil Nadu, Telangana, UP, West Bengal
Total expenditure ex-interest payments growth of 16% y-o-y vs. 12% in FY21RE
Spike in capex growth to 37% y-o-y with rising share of capex in total expenditure
Rural spending growth at 11% y-o-y over 16% y-o-y in FY21RE
Fall in share of committed spending by 2ppts to 42%Other Government policy updates
Other Key snippets:
The Centre cancelled its last auction of FY 21 after assessing cash balance
BPCL divestment is likely to conclude by end Sep-21. Vedanta Group and private equity firms Apollo
Global and I Squared Capital's Indian unit Think Gas have put in an expression of interest for buying the
government's stake
The Finance Minister expressed disbelief in sovereign rating downgrade on account of larger deficits.
The Supreme Court (SC) has dismissed the petitions seeking: a) total waiver of interest during
moratorium, b) extension of moratorium period, c) extension of period of restructuring and d) requests
for sector-wise and additional reliefs from RBI and the Centre. However, negatively, the SC directed that
interest on interest for the moratorium period should be waived for all borrowers rather than restricting
the benefit to borrowers with loans outstanding upto INR 20mn.
13
The Centre has announced details on the vehicle scrappage policy under which commercial vehicles
will be de-registered after 15 years in case of failure to get a fitness certificate and private vehicles will
be de-registered after 20 years. The Centre has estimated the vehicle scrappage policy to increase
automobile industry turnover to INR 10trn from the current INR 4.5trn.
Aviation: (i) Government has shortlisted Tata group and SpiceJet MD Ajay Singh as the final bidders for
Air India. They have 2 months to complete their due diligence before submitting the final offer.
Outlook
Investing after markets are up 90% +
How does one view markets at current levels? Should you view it in the context of last fiscal year returns
– Nifty (Large cap index) up by 72%, Mid Cap index up by 102% and Small cap Index up by 126% or from
January 1 2020, before the pandemic – up 21% for Nifty, 38% Mid Cap index and 38% Small cap Index?
Either way it would be difficult to ignore the 29x trailing valuation or the two year forward P/E and
valuations which are at the upper end of the historical band.
CY 2020 / FY 21 has been an unusual year, which can’t and shouldn’t be compared with “normal” years.
Will economic growth in CY 21/FY 22 rebound with the same intensity as it is being forecasted now? How
correct will these forecasters be, after their dismal CY 20 / FY 21 forecasts made at the end of April-June
2020 quarter last year?
The market moves have been nothing short of spectacular for this unusual year. After the fall in March, the
markets bottomed on March 23, 2020 and have been practically been on a one-way ticket …
Source: Bloomberg. Returns are absolute
After such a resounding move, how does one position oneself as an investor? We have two examples of
recent market rallies – which may help us gather the courage to invest after phase I of the rally is over.
Boosted by the launch of QE (Quantitative easing) by the US Federal Reserve, markets shot up from
March 2009 peaking in November 2010 (with an unexpected election result thrown in). During Phase I,
as is the case with most Phase I rallies - market move was fast and furious, with most return coming from
P/E re-rating rather than earnings growth. Usually broader market participation is visible.
Phase II: Market move is gradual with corrections, earnings revival or lack of it determines the length of
this stage. P/E re-rating is limited in this phase of the market uptrend. Usually a prolonged disappointment
in earnings growth ends the uptrend.
Clearly, we are in the Phase II of the uptrend, the middle overs of an ODI (one day international), (except
as Howard Marks giving the baseball reference mentions, stock market is an endless Baseball match, for
our reference, a limited overs ODI, where teams continue to play), to use a cricketing parlance.
Past market trends have shown that valuations by themselves may not lead to a correction, however,
investor expectations of earnings growth if not met, have a bigger impact on the burden of high valuations
and trigger stock market corrections. While, a few macro events dominate debate today – Inflation,
commodity prices uptrend and US 10-year yields, earnings should be the key focus for investors going
forward.
14
This gains even more importance, with March 2021 quarter earnings season just about to start. As investors,
be ready for a drop in EBIDTA margins, which touched an all-time high in December 2020 quarter. The
unsustainability of the previous quarter margins is a given. What will matter, if sales growth builds on
the foundation of 9 months FY 21. Managements will try to shift investor focus from margin to absolute
growth at EBDITA and PAT levels. Thankfully, low base effect of last year’s March and June quarters builds
an easy base for the y-o-y comparison. Operational costs cut effected last year will also be watched with
keen interest, were the savings of FY 21 structural or just tactical?
Also watch out for the “undesirable” second wave, not at all as benign and interesting to observe as a
Mexican “wave”. Vaccination and its impact on numbers of cases is evident from two countries which
have achieved over 50% adult vaccination – Israel and UK. Both have reported a sharp drop in number of
new cases and hospitalization. The pace of vaccination, currently a shade below 6.5% of adults in India
(those having taken the initial jab). The speed with which we cross 25%/33%/50% levels of successfully
vaccinating the adult population, may have a direct bearing on how further will our economic trajectory
be 7%/9%/11%!
15
Commentary - Debt Outlook
WHAT WENT BY
Bonds stabilized in the later part of March’21 after a weak run since January’21 as market participants
reassessed trajectory of economic recovery and corresponding reversal of RBI’s accommodative
stance after resumption of the second wave of Covid-19 in India lead to localized lockdowns &
interruption in mobility. RBI intervention through market operations, cancellation of the last central
government bond auction also aided on the margin. The 10-year benchmark government bond after
reaching an intra-month high of 6.25% on 10th March’21 ended the month at 6.17% while the 5-year
government bond benchmark ended 16bps lower at 5.97% after reaching an intra-month high of
6.13%.
India’s February’21 CPI inflation came at 5.03% vs 4.06% previously, primarily on account of adverse
base effect alongside pickup in food inflation, with core inflation rising sharply on transportation.
January’21 IIP came in at -1.6% vs +0.4% exp, with decline in manufacturing and mining, and pronounced
contraction in capital and consumer goods.
India's merchandise goods trade deficit widened to USD14.1bn in March’21. Both exports and imports
benefited from the low base effects, with exports rising by 58.2% YoY while imports rose by 52.9%
YoY in March’21. Improvement in exports were driven by gems & jewelry (76% YoY) & engineering
goods (70.3% YoY) while imports were led by electronic goods (+77% YoY) & machinery (+60%
YoY).
February’21 GST collections, collected in March’21, were robust supported by economic recovery and
improved compliance. GST collection was at INR 1,239bn for February’21 compared to INR 1,131bn in
January’21. CGST collection for February’21 was INR 230bn (January’21: INR 211bn), SGST was INR
293bn (January’21: INR 273bn), IGST at INR 628bn (January’21: INR 553bn), and compensation cess
was at INR 88bn (January’21: INR 95 bn).
The borrowing calendar for H1 FY22 was announced by RBI for INR 7.24trn or ~60% of the budgeted
FY22 borrowing, broadly in line with market expectations. Net market borrowing stands at INR 5.85trn,
lower than INR 6.35trn in the preceding year. Issuances planned in the 10-year maturity segment was
reduced to 23% in 1HFY22, in comparison to 28% of the issuance in 1HFY21 while 30 year+ segment
saw an increase to 28% of the issuance compared to 23% in 1HFY21. Gross T-bill issuance stood at
INR 4.68trn compared to INR 5trn in 1QFY21.
The RBI in its April’21 policy kept all rates on hold as was widely expected. The “time based”
guidance (accommodative into next financial year) was dropped while the “state based” guidance
was reaffirmed (accommodative stance till prospects for a sustained recovery are well secured).
This was the most likely anticipated outcome in terms of guidance given that the RBI/MPC may
not have wanted to tie themselves into a time commitment in what is an exceedingly complex and
uncertain global economic framework. The RBI announced a new secondary market government
bond acquisition program termed G-SAP 1.0 where it committed to purchase of a specific amount of
government bonds (pegged at INR 1 lakh crores for Q1 FY22). The program is over and above other
tools already in use. The RBI also announced longer term variable rate reverse repo (VRRR) auctions
than just the 14-day ones that had been started from January’21 (for more details, refer our note on
policy – https://idfcmf.com/article/4383).
16
Outlook
The RBI has well-equipped the market for what may otherwise be an uncertain few months ahead
in terms of global economic developments. We might witness significant data spikes as both base
effects as well as re-opening and fiscal stimulus led spending effects kick into gear. Our current
assessment is that the pace of reflation repricing should start settling down thereby providing room
for RBI as well to pursue an orderly normalization process ahead. India’s lesser reliance on global
debt flows lately as well as the slightly modified central bank approach now to focus also on reserve
accumulation to buffer macro stability, further support the idea of an orderly normalization.
The yield curve is very steep even at intermediate duration points (5 – 6 years) thereby providing
strong compensation for holding bonds as against cash. The important distinction to appreciate here
is this: when yield curves are flat as they used to be till a few years back then investing even in medium
duration bonds may make sense only if there is an expectation of capital appreciation (that is falling
yields). However, when the curve is as steep as it is today the consideration isn’t capital gains but
rather volatility and / or the pace of rise in yields which will dictate how much of the excess carry on
offer will actually get realized by holding the bond. This also means that the optimal ‘exploitation’ of
steepness isn’t necessarily by owning longer duration points since the realization of carry there may
be more compromised when yields move adversely. Rather one has to choose appropriate points
on the curve where ‘carry-adjusted-for-duration’ makes the most sense. The current yield curve is
quite steep till 5 – 7 years and then the additional duration risk taken may start overwhelming the
additional carry on offer, in our view. Hence our preference in our active duration mandates remains
currently best expressed as an overweight in the 5 – 6-year part of the government bond curve; with
the usual caveats on flexibility in strategy retained with us. This also emphasizes the importance of
some amount of “bar-belling” where the investor uses intermediate duration products alongside very
near term (almost overnight) exposures so that while overall portfolio maturity doesn’t go up, the
investor is relatively protected when the commencement of the normalization process starts to put
upward pressure on money market and short end rates.
Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME
RELATED DOCUMENTS CAREFULLY.
The Disclosures of opinions/in house views/strategy incorporated herein is provided solely to enhance
the transparency about the investment strategy / theme of the Scheme and should not be treated as
endorsement of the views / opinions or as an investment advice. This document should not be construed
as a research report or a recommendation to buy or sell any security. This document has been prepared
on the basis of information, which is already available in publicly accessible media or developed through
analysis of IDFC Mutual Fund. The information/ views / opinions provided is for informative purpose only
and may have ceased to be current by the time it may reach the recipient, which should be taken into
account before interpreting this document. The recipient should note and understand that the information
provided above may not contain all the material aspects relevant for making an investment decision and
the security may or may not continue to form part of the scheme’s portfolio in future. Investors are
advised to consult their own investment advisor before making any investment decision in light of their
risk appetite, investment goals and horizon. The decision of the Investment Manager may not always be
profitable; as such decisions are based on the prevailing market conditions and the understanding of the
Investment Manager. Actual market movements may vary from the anticipated trends. This information is
subject to change without any prior notice. The Company reserves the right to make modifications and
alterations to this statement as may be required from time to time. Neither IDFC Mutual Fund / IDFC AMC
Trustee Co. Ltd./ IDFC Asset Management Co. Ltd nor IDFC, its Directors or representatives shall be liable
for any damages whether direct or indirect, incidental, punitive special or consequential including lost
revenue or lost profits that may arise from or in connection with the use of the information.
17
IDFC Large Cap Fund
Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks
31st March 2021
FUND FEATURES PORTFOLIO

Name % of NAV Name % of NAV
Size
Equity and Equity related Instruments 91.49% Auto 4.76%
Large Cap Banks 24.35% Mahindra & Mahindra 1.99%

HDFC Bank 8.80% Maruti Suzuki India 1.40%

ICICI Bank 5.96% Bajaj Auto 0.71%

State Bank of India 3.76% Hero MotoCorp 0.66%
Mid Cap 
Axis Bank 3.04% Pharmaceuticals 4.00%
Kotak Mahindra Bank 2.79% Divi's Laboratories 1.13%
Software 18.25% Aurobindo Pharma 1.10%
Small Cap 
Infosys 8.13% Dr. Reddy's Laboratories 1.06%

Tata Consultancy Services 5.11% Cipla 0.72%
Style Growth Blend Value
HCL Technologies 2.13% Telecom - Services 3.62%
About the Fund: • A Large Cap fund with Tech Mahindra 2.11% 
Bharti Airtel 3.62%
opportunistic mid/small cap allocation up to 20% Wipro 0.77% Cement & Cement Products 3.23%
• Focuses on investing in the right sectors as well Consumer Non Durables 10.10% 
UltraTech Cement 3.23%
investing in sector leader companies. Hindustan Unilever 2.57% Construction Project 2.62%
• Fund has a “Growth” and “Quality” oriented ITC 2.21% Larsen & Toubro 2.62%
investment style with emphasis on visibility of Asian Paints 1.29% Non - Ferrous Metals 0.98%
earnings and healthy return ratios
Tata Consumer Products 0.93% Hindalco Industries 0.98%
Category: Large Cap Godrej Consumer Products 0.90% Retailing 0.94%
Monthly Avg AUM: ` 711.03 Crores Dabur India 0.80% Avenue Supermarts 0.94%
Month end AUM: ` 707.61 Crores Nestle India 0.71% Consumer Durables 0.76%
Inception Date: 9 June 2006 Britannia Industries 0.69% Titan Company 0.76%
Fund Manager: Mr. Sumit Agrawal & Mr. Arpit
Finance 8.59% Auto Ancillaries 0.66%
Kapoor (w.e.f. 1st March 2017)

HDFC 5.96% Sandhar Technologies 0.66%
Other Parameter: Bajaj Finance 1.92% Chemicals 0.26%
Muthoot Finance 0.71% Pidilite Industries 0.26%
Beta 0.89
Petroleum Products 8.36% Net Cash and Cash Equivalent 8.51%
R Square 0.96 
Reliance Industries 7.41% Grand Total 100.00%
Standard Deviation (Annualized) 19.97%
Bharat Petroleum Corporation 0.95% 
Top 10 Equity Holdings
Sharpe* 0.41
Portfolio Turnover
Equity 0.74
Aggregate^ 1.08
Total Expense Ratio
Regular 2.44% SIP PERFORMANCE
Direct 1.20%
Benchmark: S&P BSE 100 TRI Monthly SIP of ` 10,000 in IDFC Large Since
(w.e.f. April 18, 2017) 1 Year 3 Years 5 Years 7 Years 10 Years Inception
Cap Fund - Regular Plan - Growth Jun 09, 2006
SIP (Minimum Amount): ` 100/- (Minimum 6
instalments) Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,80,000
SIP Frequency: Monthly Total Value as on March 31, 2021 (`) 1,50,255 4,61,651 8,32,307 12,63,962 21,88,083 41,11,747
SIP Dates (Monthly): Investor may choose any day Fund Returns (%) 50.16 16.86 13.06 11.48 11.56 10.53
of the month except 29th, 30th and 31st as the
Total Value of S&P BSE 100 TRI# 1,57,647 4,78,429 8,78,339 13,58,535 24,38,806 48,07,509
date of instalment.
S&P BSE 100 TRI (%)# 63.28 19.40 15.25 13.50 13.59 12.40
Investment Objective: Refer Pg No from 66 to 67
Minimum Investment Amount : ` 5,000/- and any Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 47,32,765
amount thereafter Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 12.21
Option Available: Growth, IDCW$ (Payout, Past performance may or may not be sustained in future. IDCW$ are assumed to be reinvested and bonus is adjusted. Load is not taken into
Reinvestment and Sweep (from Equity Schemes consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000
to Debt Schemes only)) systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in
calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the
Exit Load: NIL (w.e.f. 4th February 2019) time impact of the transactions. Data as on 31st March 2021
NAV (`) as on March 31, 2021

Regular Plan Growth 41.41 SECTOR ALLOCATION MARKET CAP
Regular Plan IDCW$ 16.48
34.7%
40.0% 32.9% Scheme Benchmark
30.0%
18.3%
20.0% 9.3% 14.8% 10.4%
6.1% 4.3%
10.0% 9.1% 5.0% 3.2% 3.9% 3.6% 8.4% 3.8%
5.4%
3.0% 2.8% 4.0% 2.6% 2.0% 1.0%
0.0%
Information
Health Care
Financials
Auto
Staples
Industrials
ation Services
Commodities
Discretionary
Building Mat
Technology
Telecommunic
Energy
Cement /
Consumer
Consumer
Investors understand that their principal will be at Very High risk
This product is suitable for investors who are

seeking*:
• To create wealth over long term.
• Investment predominantly in equity and equity
Large Cap 99.28%
related instruments of the large cap companies.
Mid Cap 0.00%
*Investors should consult their financial advisers
if in doubt about whether the product is suitable Small Cap 0.72%
for them.
Performance Table
Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000
Since Inception Since Inception
1 Year 3 Years 5 Years 1 Year 3 Years 5 Years
Jun 09, 2006 Jun 09, 2006
IDFC Large Cap Fund 61.13% 11.64% 13.11% 10.06% 16,113 13,932 18,519 41,410
S&P BSE 100 TRI# 73.48% 13.67% 14.60% 12.85% 17,348 14,708 19,774 60,007
Nifty 50 TRI## 72.54% 14.58% 15.12% 13.03% 17,254 15,064 20,228 61,386
Performance based on NAV as on 31/03/2021. Past performance may or may not be sustained in future.
For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
The performances given are of regular plan growth option.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 3.50% (FBIL OVERNIGHT MIBOR as on 31st March 2021). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. ##Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to April 18, 2017 with the performance of Nifty 50 TRI (Benchmark)
Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark)
The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017, $Income Distribution and Capital Withdrawal
18
IDFC Core Equity Fund
Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks
31st March 2021

Size Equity and Equity related Instruments 97.26% Tata Consumer Products 0.89%
Banks 21.39% 3M India 0.74%
Large Cap

ICICI Bank 6.90% ITC 0.67%

HDFC Bank 6.13% Power 4.63%

State Bank of India 3.01% Torrent Power 1.83%

Axis Bank 2.51% Kalpataru Power Transmission 1.28%
Mid Cap The Federal Bank 1.13% KEC International 1.06%
Kotak Mahindra Bank 0.86% Tata Power Company 0.46%
RBL Bank 0.80% Petroleum Products 3.82%
State Bank of India - Equity Futures 0.05% 
Reliance Industries 2.41%
Software 11.80% Bharat Petroleum Corporation 1.41%
Small Cap 
Infosys 7.41% Telecom - Services 2.94%
Style Growth Blend Value Birlasoft 1.44% 
Bharti Airtel 2.94%
Mastek 1.31% Chemicals 2.77%
About the Fund: IDFC Core Equity Fund is a diversified HCL Technologies 1.26% 
Deepak Nitrite 2.77%
equity fund with a large and mid cap bias currently. MphasiS 0.37% Gas 2.62%
The focus of the fund is to build a portfolio of Quality Pharmaceuticals 9.07% Mahanagar Gas 2.04%
companies while being cognizant of the relative Dr. Reddy's Laboratories 1.73% Gujarat State Petronet 0.58%
Sun Pharmaceutical Industries 1.64% Auto 2.55%
valuation.
Cadila Healthcare 1.48% Mahindra & Mahindra 1.97%
Category: Large & Mid Cap IPCA Laboratories 1.25% Tata Motors 0.58%
Monthly Avg AUM: ` 2,232.64 Crores Alkem Laboratories 1.05% Consumer Durables 2.15%
Month end AUM: ` 2,228.91 Crores Alembic Pharmaceuticals 0.76% Voltas 1.26%
Aurobindo Pharma 0.70% Crompton Greaves Consumer Electricals 0.89%
Inception Date: 9 August 2005 Indoco Remedies 0.47% Ferrous Metals 2.14%
Fund Manager: Industrial Products 6.63% Jindal Steel & Power 2.14%
Mr. Anoop Bhaskar (w.e.f. 30th April 2016) 
Supreme Industries 2.23% Construction Project 1.96%
Other Parameter: AIA Engineering 1.83% Larsen & Toubro 1.96%
Beta 0.98 Cummins India 1.35% Retailing 1.84%
Bharat Forge 1.22% Aditya Birla Fashion and Retail 1.84%
R Square 0.98
Cement & Cement Products 6.49% Leisure Services 1.67%
Standard Deviation (Annualized) 24.07% 
ACC 2.45% The Indian Hotels Company 1.67%
Sharpe* 0.23 Ambuja Cements 2.05% Capital Markets 1.57%
Portfolio Turnover The Ramco Cements 1.99% ICICI Securities 1.57%
Equity 0.25 Auto Ancillaries 5.70% Finance 0.70%
MRF 1.90% Mas Financial Services 0.70%
Aggregate^ 0.39 Apollo Tyres 1.29% Preference Shares 0.002%
Total Expense Ratio Bosch 0.94% Entertainment 0.002%
Regular 2.11% Minda Industries 0.90% Zee Entertainment Enterprises 0.002%
Direct 0.89% Balkrishna Industries 0.68% Net Cash and Cash Equivalent 2.74%
Consumer Non Durables 4.84% Grand Total 100.00%
Benchmark: NIFTY LargeMidcap 250 TRI
Emami 1.31%
(w.e.f. 7th October 2019)
Marico 1.23% 
instalments)
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of
the month except 29th, 30th and 31st as the date of
instalment.
Minimum Investment Amount : ` 5,000/- and any SIP PERFORMANCE
amount thereafter
Option Available: Growth, IDCW$ - (Payout, Monthly SIP of ` 10,000 in IDFC Core Since
Reinvestment and Sweep (from Equity Schemes to 1 Year 3 Years 5 Years 7 Years 10 Years Inception
Equity Fund - Regular Plan - Growth Aug 09, 2005
Debt Schemes only))
Exit Load:If redeemed/switched out within 365 days Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,80,000
Total Value as on March 31, 2021 (`) 1,60,889 4,68,302 8,26,240 12,89,656 23,00,787 47,36,934
from the date of allotment:
Fund Returns (%) 69.13 17.87 12.77 12.04 12.50 10.92
Upto 10% of investment:Nil, Total Value of NIFTY LargeMidcap 250 TRI# 1,65,021 4,98,793 9,02,775 14,34,141 27,38,819 62,84,974
For remaining investment: 1% of applicable NAV. NIFTY LargeMidcap 250 TRI (%)# 76.67 22.40 16.36 15.02 15.76 14.06
If redeemed / switched out after 365 days from date Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 53,67,488
of allotment: Nil. (w.e.f. May 08, 2020) Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 12.32
Past performance may or may not be sustained in future. IDCW$ are assumed to be reinvested and bonus is adjusted. Load is not taken into
consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000
NAV (`) as on March 31, 2021 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating
return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the
transactions. Data as on 31st March 2021
Regular Plan Growth 56.74
Regular Plan IDCW$ 16.74
SECTOR ALLOCATION MARKET CAP
Scheme Benchmark
40.0%
29.4%
30.0%
23.7%
20.0% 11.8%
9.5% 10.8% 7.5%
8.5% 8.7% 9.1% 5.3% 7.8%
Investors understand that their principal will be at Very High risk 10.0% 7.7% 6.4%
5.6% 6.7% 6.9% 4.9%
4.9% 2.9% 3.8% 4.9%
4.8% 3.9% 1.8%
This product is suitable for investors who are 0.0%
Information
Cement / Building
Telecommunicati
Health Care
Financials
Auto
Staples
Industrials
Utilities
on Services
Commodities
Discretionary
Mat
Technology
Energy
Consumer
Consumer
seeking*:
related instruments in large and mid-cap
companies.
Large Cap 53.27%
*Investors should consult their financial advisers if in
doubt about whether the product is suitable for them. Mid Cap 38.87%
Small Cap 7.86%
Performance Table
Aug 09, 2005 Aug 09, 2005
IDFC Core Equity Fund 77.70% 8.93% 13.86% 11.73% 17,770 12,936 19,145 56,740
NIFTY LargeMidcap 250 TRI# 85.91% 12.75% 16.38% 14.57% 18,591 14,353 21,361 84,063
Nifty 50 TRI## 72.54% 14.58% 15.12% 13.91% 17,254 15,064 20,228 76,755
#
Benchmark Returns. ##Alternate Benchmark Returns, $Income Distribution and Capital Withdrawal
19
IDFC Flexi Cap Fund§
(previously known as IDFC Multi Cap Fund)
Flexi Cap Fund- An open ended equity scheme investing across large cap, mid cap and small cap stocks
31st March 2021
Size Name % of NAV Name % of NAV

Equity and Equity related Instruments 98.56% Chemicals 4.48%
Large Cap Banks 20.15% 
Atul 3.20%

ICICI Bank 6.97% Fine Organic Industries 1.28%

HDFC Bank 6.05% Pharmaceuticals 4.26%
Kotak Mahindra Bank 2.11% Divi's Laboratories 1.60%
Mid Cap State Bank of India 1.73% Alembic Pharmaceuticals 1.42%
Axis Bank 1.71% Cipla 1.24%
City Union Bank 1.58% Cement & Cement Products 4.14%
Consumer Non Durables 11.23% 
UltraTech Cement 4.14%

3M India 3.15% Telecom - Services 3.57%
Small Cap Asian Paints 2.02% 
Bharti Airtel 3.57%
Hindustan Unilever 1.60% Ferrous Metals 3.19%
Style Growth Blend Value Nestle India 1.10% 
APL Apollo Tubes 3.19%
About the Fund: IDFC Flexi Cap Fund is a flexi-cap ITC 1.08% Capital Markets 3.09%
Equity Fund. It is a fund that encourages systematic Britannia Industries 1.05% Multi Commodity Exchange of India 2.03%
investing. S H Kelkar and Company 0.74% ICICI Securities 1.05%
Procter & Gamble Hygiene and Health Care 0.49% Insurance 3.04%
Category: Flexicap Software 10.25% HDFC Life Insurance Company 1.84%
Monthly Avg AUM: ` 5,313.84 Crores 
Infosys 8.06% ICICI Lombard General Insurance Company 1.20%
Month end AUM: ` 5,288.99 Crores Tata Consultancy Services 1.11% Construction Project 2.12%
Wipro 1.08% Larsen & Toubro 1.93%
Inception Date: 28 September 2005
Consumer Durables 8.88% Power Mech Projects 0.20%
Fund Manager: 
Voltas 2.93% Auto 2.03%
Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & 
Bata India 2.65% Mahindra & Mahindra 2.03%
Mr. Sachin Relekar (w.e.f. 8th Dec, 2020) Titan Company 1.47% Retailing 1.48%
Other Parameter: Crompton Greaves Consumer Electricals 1.05% Avenue Supermarts 1.48%
Greenlam Industries 0.78% Leisure Services 1.47%
Beta 0.91
Auto Ancillaries 5.96% Jubilant Foodworks 1.47%
R Square 0.94 Minda Industries 2.25% Textiles - Cotton 1.40%
Standard Deviation (Annualized) 21.49% Bosch 1.58% Vardhman Textiles 1.40%
Sharpe* 0.19 MRF 1.40% Finance 1.37%
Wheels India 0.74% Mas Financial Services 0.83%
Portfolio Turnover Industrial Products 5.57% JM Financial 0.55%
Equity 0.29 Supreme Industries 1.88% Pesticides 0.73%
Aggregate^ 0.41 AIA Engineering 1.11% Dhanuka Agritech 0.73%
Total Expense Ratio Schaeffler India 0.99% Construction 0.16%
Kirloskar Pneumatic Company 0.99% Poddar Housing and Development 0.16%
Regular 1.96% Disa India 0.48% Net Cash and Cash Equivalent 1.44%
Direct 1.22% EPL 0.11% Grand Total 100.00%
Benchmark: S&P BSE 500 TRI 
instalments)
the month except 29th, 30th and 31st as the date of SIP PERFORMANCE
instalment.
Investment Objective: Refer Pg No from 66 to 67 Since
Minimum Investment Amount: ` 10,000/- and any Monthly SIP of ` 10,000 in IDFC Flexi
1 Year 3 Years 5 Years 7 Years 10 Years Inception
amount thereafter Cap Fund -Regular Plan - Growth Sep 28, 2005
(Units of IDFC Flexi Cap Fund, shall be available for
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,70,000
lump sum subscription w.e.f. May 07, 2018)
Option Available: Growth, IDCW$ - (Payout, Total Value as on March 31, 2021 (`) 1,53,289 4,45,568 7,74,911 11,91,790 23,46,158 69,34,602
Reinvestment and Sweep (from Equity Schemes to Fund Returns (%) 55.50 14.37 10.18 9.83 12.87 15.28
Debt Schemes only)) Total Value of S&P BSE 500 TRI# 1,60,719 4,85,959 8,82,751 13,75,291 25,02,715 54,85,962
Exit Load: If redeemed/switched out within 365
S&P BSE 500 TRI (%)# 68.82 20.52 15.45 13.85 14.08 12.69
days from the date of allotment:
Upto 10% of investment:Nil, Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,428 24,19,931 52,84,848
For remaining investment: 1% of applicable NAV. Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.27
Past performance may or may not be sustained in future. IDCW$ are assumed to be reinvested and bonus is adjusted. Load is not taken into
If redeemed / switched out after 365 days from consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000
date of allotment: Nil. (w.e.f. May 08, 2020) systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in
calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time
NAV (`) as on March 31, 2021 impact of the transactions. Data as on 31st March 2021

Regular Plan IDCW$ 36.28 SECTOR ALLOCATION MARKET CAP

30.0% 27.6%
20.0% 8.5% 13.1% 13.5%
9.0% 6.8% 5.5% 10.3% 6.0% 10.7%
10.0% 6.2% 8.3% 5.7% 3.6% 6.0%
3.3% 4.3% 4.9% 1.9%
0.0%
Information
Health Care
Financials
Auto
Staples
Industrials
ation Services
Commodities
Discretionary
Building Mat
Technology
Telecommunic
Cement /
Consumer
Consumer

seeking*:
• Investment predominantly in equity and
equity related instruments across market
capitalisation. Large Cap 60.56%
*Investors should consult their financial advisers if in Mid Cap 25.02%
doubt about whether the product is suitable for them. Small Cap 14.42%
Performance Table
Sep 28, 2005 Sep 28, 2005
IDFC Flexi Cap Fund 56.32% 7.54% 10.51% 16.87% 15,632 12,448 16,484 1,12,350
S&P BSE 500 TRI# 78.63% 12.89% 15.40% 13.08% 17,863 14,407 20,473 67,309
Nifty 50 TRI## 72.54% 14.58% 15.12% 13.17% 17,254 15,064 20,228 68,208
#
Benchmark Returns. ##Alternate Benchmark Returns, Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 500 price return index (Benchmark)
§
Note: “IDFC Multi Cap Fund” has been re-categorized from the Multi Cap Fund Category to the Flexi Cap Fund category and has been renamed as “IDFC Flexi Cap Fund“ with effect from
February 09, 2021. Refer the addendum issued in this regard detailing the changes being carried out to the SID of the Scheme which is available on our website i.e. www.idfcmf.com,
$
Income Distribution and Capital Withdrawal
20
IDFC Tax Advantage (ELSS) Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
31st March 2021

Size Equity and Equity related Instruments 96.44% Ferrous Metals 3.91%
Banks 15.76% 
Jindal Steel & Power 2.59%

ICICI Bank 7.01% Kirloskar Ferrous Industries 1.21%
Large Cap 
HDFC Bank 4.00% Tata Steel 0.12%

State Bank of India 3.29% Power 3.44%
RBL Bank 1.46% KEC International 2.37%
Software 13.72% Kalpataru Power Transmission 1.07%
Mid Cap 
Infosys 6.41% Auto Ancillaries 3.42%
Mastek 2.12% Bosch 1.41%
HCL Technologies 2.06% Minda Industries 1.27%
Birlasoft 1.95% Sandhar Technologies 0.71%
Small Cap KPIT Technologies 1.19% WABCO India 0.02%
Pharmaceuticals 6.40% Telecom - Services 3.12%
Style Growth Blend Value Lupin 1.62% 
Bharti Airtel 3.12%
Dr. Reddy's Laboratories 1.51% Consumer Non Durables 2.59%
About the Fund: The Fund is an Equity Linked Cipla 1.50% United Spirits 1.30%
Savings Scheme (ELSS) that aims to generate Aurobindo Pharma 1.40% Tata Consumer Products 1.28%
long term capital growth from a diversified equity Dishman Carbogen Amcis 0.36% Construction Project 2.46%
portfolio and enables investors to avail of a Chemicals 6.32% 
NCC 2.46%

Deepak Nitrite 4.43% Finance 2.08%
deduction from total income, as permitted under Tata Chemicals 1.89% Mas Financial Services 1.20%
the Income Tax Act, 1961. Consumer Durables 6.01% Magma Fincorp 0.88%
Category: ELSS Voltas 1.59% Leisure Services 1.78%
Greenply Industries 1.43% EIH 0.89%
Monthly Avg AUM: ` 3,013.88 Crores Greenpanel Industries 1.36% The Indian Hotels Company 0.89%
Crompton Greaves Consumer Electricals 1.31% Transportation 1.58%
Month end AUM: ` 2,988.35 Crores Khadim India 0.32% VRL Logistics 1.58%
Inception Date: 26 December 2008 Cement & Cement Products 5.41% Construction 1.13%
UltraTech Cement 1.69% PSP Projects 1.13%
Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th The Ramco Cements 1.48% Industrial Capital Goods 0.72%
October 2016) Grasim Industries 1.46% CG Power and Industrial Solutions 0.72%
Sagar Cements 0.79% Capital Markets 0.66%
Other Parameter: Auto 5.29% ICICI Securities 0.66%
Beta 1.17

Tata Motors 3.03% Insurance 0.62%
Mahindra & Mahindra 2.26% ICICI Lombard General Insurance Company 0.62%
R Square 0.94 Industrial Products 5.03% Preference Shares 0.002%
Standard Deviation (Annualized) 26.88% Graphite India 1.88% Entertainment 0.002%
Sharpe* 0.24 Bharat Forge 1.70% Zee Entertainment Enterprises 0.002%
Portfolio Turnover Apollo Pipes 1.45% Net Cash and Cash Equivalent 3.56%
Petroleum Products 4.98% Grand Total 100.00%
Equity 0.41 
Aggregate^ 0.41 Bharat Petroleum Corporation 1.29% 
Total Expense Ratio

Regular 2.04%
Direct 0.88%
Benchmark: S&P BSE 200 TRI
SIP PERFORMANCE
SIP (Minimum Amount): ` 500/-
SIP Frequency : Monthly Monthly SIP of ` 10,000 in IDFC Since
SIP Dates (Monthly): Investor may choose any
Tax Advantage (ELSS) Fund - 1 Year 3 Years 5 Years 7 Years 10 Years Inception
day of the month except 29th, 30th and 31st as Regular Plan - Growth Dec 26, 2008
the date of instalment. Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 14,80,000
Investment Objective: Refer Pg No from 66 to 67 Total Value as on March 31, 2021 (`) 1,72,085 4,99,267 8,89,911 13,98,356 27,25,892 41,03,410
Minimum Investment Amount: ` 500/- and in Fund Returns (%) 89.77 22.47 15.78 14.31 15.67 15.46
multiples of ` 500/- thereafter. Total Value of S&P BSE 200 TRI# 1,59,434 4,85,108 8,87,912 13,82,762 25,12,952 36,47,339
Option Available: Growth, IDCW$ - Payout and S&P BSE 200 TRI (%)# 66.50 20.39 15.69 14.00 14.15 13.74
Sweep (from Equity Schemes to Debt Schemes
Only) Total Value of NIFTY 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,428 24,19,931 34,75,610
NIFTY 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 13.03
Exit Load: Nil
Past performance may or may not be sustained in future. IDCW$ are assumed to be reinvested and bonus is adjusted. Load is not taken
NAV (`) as on March 31, 2021 into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say
`10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach.
Regular Plan Growth 74.70 XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct
Regular Plan IDCW$ 21.80 allowance for the time impact of the transactions. Data as on 31st March 2021
40.0% Scheme Benchmark

33.4%
30.0%
19.1% 13.9%
20.0% 11.6% 13.7%
5.2% 9.7% 6.4% 9.3% 9.2% 10.9%
Investors understand that their principal will be at Very High risk 10.0% 5.9% 8.8% 5.0% 5.0% 5.0%
3.1% 5.0%
2.6% 3.1% 2.0% 4.6%
seeking*:
Information
Health Care
Financials
Auto
Staples
Industrials
ation Services
Commodities
Discretionary
Building Mat
Technology
Telecommunic
Energy
Cement /
Consumer
Consumer

• Investment predominantly in Equity and Equity
related securities with income tax benefit u/s
80C and 3 years lock-in.
if in doubt about whether the product is suitable
for them. Large Cap 51.92%
Mid Cap 19.99%
Small Cap 28.09%
Performance Table
Dec 26, 2008 Dec 26, 2008
IDFC Tax Advantage 99.52% 9.82% 15.64% 17.81% 19,952 13,259 20,692 74,700
(ELSS) Fund
S&P BSE 200 TRI# 76.26% 13.74% 15.50% 16.72% 17,626 14,737 20,562 66,625
Nifty 50 TRI## 72.54% 14.58% 15.12% 15.65% 17,254 15,064 20,228 59,495
Performance based on NAV as on 31/03/2021, Past performance may or may not be sustained in future.
*Risk-free rate assumed to be 3.50% (FBIL OVERNIGHT MIBOR as on 31st March 2021). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of
purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. ##Alternate Benchmark Returns. $Income Distribution and Capital Withdrawal
21
IDFC Focused Equity Fund
An open ended equity scheme investing in maximum 30 stocks with multi cap focus
31st March 2021

Size Name % of NAV Name % of NAV
Equity and Equity related Instruments 92.58% Consumer Non Durables 3.86%
Large Cap
Banks 29.74% Prataap Snacks 2.06%

ICICI Bank 8.52% ITC 1.81%

HDFC Bank 7.86% Telecom - Services 3.75%
Mid Cap 
State Bank of India 6.35% 
Bharti Airtel 3.75%

The Federal Bank 3.53% Commercial Services 3.68%
Axis Bank 3.48% 
SIS 3.68%
Small Cap
Software 17.32% Auto 3.66%
Style Growth Blend Value 
Infosys 8.36% Maruti Suzuki India 1.94%
About the Fund: IDFC Focused Equity Fund is a

Tata Consultancy Services 5.26% Mahindra & Mahindra 1.72%
concentrated portfolio of up to 30 stocks with the HCL Technologies 1.90% Non - Ferrous Metals 2.05%
flexibility to invest across sectors and across market Tech Mahindra 1.80% Hindalco Industries 2.05%
cap.
Petroleum Products 7.88% Construction Project 1.98%
Category: Focused 
Reliance Industries 6.00% Larsen & Toubro 1.98%
Monthly Avg AUM: ` 1,442.28 Crores
Month end AUM: ` 1,412.57 Crores
Bharat Petroleum Corporation 1.88% Auto Ancillaries 1.63%
Inception Date: 16 March 2006 Industrial Products 5.50% MRF 1.63%
Fund Manager: EPL 3.34% Consumer Durables 1.39%
Mr. Sumit Agrawal (w.e.f. 20th October 2016) Bharat Forge 1.40% Bata India 1.39%
Other Parameter: Prince Pipes And Fittings 0.75% Pharmaceuticals 0.22%
Beta 0.90 Chemicals 5.08% Divi's Laboratories 0.13%
R Square 0.90 
Fine Organic Industries 5.08% Dr. Reddy's Laboratories 0.10%
Standard Deviation (Annualized) 21.80% Finance 4.84% Net Cash and Cash Equivalent 7.42%
Sharpe* 0.12 M&M Financial Services 3.32% Grand Total 100.00%
Portfolio Turnover LIC Housing Finance 1.52%
Equity 1.10 
Aggregate^ 1.39
Total Expense Ratio
Regular 2.22%
Direct 0.84%
Benchmark: S&P BSE 500 TRI
(with effect from November 11, 2019) SIP PERFORMANCE
instalments) Monthly SIP of ` 10,000 in IDFC Since
SIP Frequency: Monthly Focused Equity Fund - Regular Plan 1 Year 3 Years 5 Years 7 Years 10 Years Inception
SIP Dates (Monthly): Investor may choose any day of - Growth Mar 16, 2006
instalment. Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 18,10,000
Investment Objective: Refer Pg No from 66 to 67 Total Value as on March 31, 2021 (`) 1,47,399 4,45,647 8,01,929 12,29,359 21,09,878 41,38,211
Minimum Investment Amount$: ` 5,000/- and any Fund Returns (%) 45.17 14.38 11.56 10.70 10.87 10.23
amount thereafter Total Value of S&P BSE 500 TRI# 1,60,719 4,85,959 8,82,751 13,75,291 25,02,715 50,88,870
Option Available: Growth, IDCW$ - (Payout,
S&P BSE 500 TRI (%)# 68.82 20.52 15.45 13.85 14.08 12.64
Reinvestment and Sweep (from Equity Schemes to
Debt Schemes only)) Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,428 24,19,931 48,87,274
Exit Load: If redeemed/switched out within 365 Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.17
Past performance may or may not be sustained in future. IDCW$ are assumed to be reinvested and bonus is adjusted. Load
Upto 10% of investment:Nil, is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown
For remaining investment: 1% of applicable NAV. if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
If redeemed / switched out after 365 days from calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series
date of allotment: Nil. (w.e.f. May 08, 2020) of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st March 2021

Regular Plan IDCW$ 14.18 MARKET CAP
SECTOR ALLOCATION
Scheme Benchmark
40.0% 34.6%
31.5%
30.0%
17.3%
20.0% 13.5% 6.0%
6.7% 8.4% 10.5%
8.3% 5.7% 3.7% 7.9%
10.0% 6.2% 3.9% 3.3% 5.5% 5.7% 6.0%
1.4% 0.7% 0.2% 1.9%
0.0%
Financials
Consumer
Discretionary
Building Mat
Health Care
Auto
Industrials
Commodities
Energy
Information
Technology
Telecommunic
ation Services

Consumer
Staples
Cement /

seeking*:
• Investment in a concentrated portfolio of equity
and equity related instruments of up to 30
companies. Large Cap 70.08%
*Investors should consult their financial advisers if in Mid Cap 13.82%
doubt about whether the product is suitable for them.
Small Cap 16.10%
Performance Table
Mar 16, 2006 Mar 16, 2006
IDFC Focused Equity Fund 59.16% 6.09% 13.33% 10.65% 15,916 11,949 18,698 45,870
S&P BSE 500 TRI# 78.63% 12.89% 15.40% 11.89% 17,863 14,407 20,473 54,216
Nifty 50 TRI## 72.54% 14.58% 15.12% 11.95% 17,254 15,064 20,228 54,688
#
Benchmark Returns. ##Alternate Benchmark Returns.
$$
The strategy of the Fund has been changed from large cap to focused fund w.e.f. April 18, 2017. $Income Distribution and Capital Withdrawal
22
IDFC Sterling Value Fund
An open ended equity scheme following a value investment strategy
31st March 2021

Size Equity and Equity related Instruments 96.81% Maharashtra Seamless 0.82%
Cement & Cement Products 9.81% Power 4.24%

JK Cement 3.37% 
KEC International 3.01%
Large Cap The Ramco Cements 2.19% Kalpataru Power Transmission 1.23%
Prism Johnson 2.04% Pharmaceuticals 4.04%
ACC 1.54% Aurobindo Pharma 1.92%
Sagar Cements 0.67% IPCA Laboratories 1.07%
Mid Cap Consumer Durables 9.33% Alembic Pharmaceuticals 0.92%

Voltas 2.50% Dishman Carbogen Amcis 0.13%
Crompton Greaves Consumer Electricals 1.77% Gas 3.34%
Greenpanel Industries 1.55% 
Gujarat Gas 3.34%
Small Cap Greenply Industries 1.44% Finance 3.30%
Butterfly Gandhimathi Appliances 1.21% Mas Financial Services 1.86%
Style Growth Blend Value Mayur Uniquoters 0.86% Magma Fincorp 1.44%
Auto Ancillaries 7.81% Construction Project 2.71%
About the Fund: IDFC Sterling Value Fund is a value 
Minda Industries 2.53% 
NCC 2.71%
fund that focuses on active stock selection strategy. Bosch 1.93% Leisure Services 2.48%
Category: Value Tube Investments of India 1.56% The Indian Hotels Company 1.62%
Wheels India 0.95% EIH 0.86%
Monthly Avg AUM: ` 3,220.23 Crores MRF 0.52% Textiles - Cotton 2.44%
Month end AUM: ` 3,208.06 Crores Sterling Tools 0.29% Vardhman Textiles 1.96%
Inception Date: 7 March 2008 WABCO India 0.02% Nitin Spinners 0.48%
Software 6.53% Textile Products 2.07%
Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April
Birlasoft 2.45% K.P.R. Mill 1.56%
2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016) Persistent Systems 1.68% Dollar Industries 0.50%
Other Parameter: HCL Technologies 1.30% Transportation 1.76%
Beta 1.05 KPIT Technologies 1.11% VRL Logistics 1.76%
Consumer Non Durables 6.52% Industrial Capital Goods 1.70%
R Square 0.97 
Emami 2.58% CG Power and Industrial Solutions 1.33%
Standard Deviation (Annualized) 30.59% Radico Khaitan 2.05% Skipper 0.36%
Sharpe* 0.08 Tata Consumer Products 1.89% Retailing 1.56%
Industrial Products 5.81% V-Mart Retail 1.56%
Portfolio Turnover Graphite India 2.23% Petroleum Products 1.53%
Equity 0.18 Bharat Forge 1.86% Bharat Petroleum Corporation 1.53%
Aggregate^ 0.18 Polycab India 1.72% Insurance 1.43%
Total Expense Ratio Banks 5.42% ICICI Lombard General Insurance Company 1.43%

ICICI Bank 3.99% Aerospace & Defense 1.40%
Regular 2.01% RBL Bank 1.42% Bharat Electronics 1.40%
Direct 0.91% Chemicals 5.24% Capital Markets 1.31%
Benchmark: S&P BSE 400 MidSmallCap TRI

Deepak Nitrite 4.65% ICICI Securities 1.31%
(w.e.f. 11th November, 2019) SRF 0.60% Net Cash and Cash Equivalent 3.19%
Ferrous Metals 5.03% Grand Total 100.00%
SIP (Minimum Amount): ` 100/- (Minimum 6 
Jindal Steel & Power 3.21%
instalments) Kirloskar Ferrous Industries 1.00% 
instalment.
Investment Objective: Refer Pg No from 66 to 67 SIP PERFORMANCE
Minimum Investment Amount : ` 5,000/- and any
amount thereafter Monthly SIP of ` 10,000 in IDFC Since
Option Available: Growth, IDCW@ (Payout, Sterling Value Fund - Regular Plan - 1 Year 3 Years 5 Years 7 Years 10 Years Inception
Reinvestment and Sweep (from Equity Schemes to Growth Mar 07, 2008
Debt Schemes only)) Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,70,000
Exit Load: If redeemed/switched out within 365 Total Value as on March 31, 2021 (`) 1,82,542 4,94,003 8,51,744 13,28,932 25,46,142 46,35,584
Fund Returns (%) 109.62 21.70 14.00 12.88 14.40 15.37
Upto 10% of investment:Nil,
For remaining investment: 1% of applicable NAV. Total Value of S&P BSE 400 MidSmallCap TRI# 1,75,959 5,19,398 8,96,149 14,26,513 27,16,875 44,08,165
If redeemed / switched out after 365 days from date S&P BSE 400 MidSmallCap TRI (%)$ 97.06 25.35 16.06 14.87 15.61 14.68
of allotment: Nil. (w.e.f. May 08, 2020) Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,428 24,19,931 38,41,018
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.81
NAV (`) as on March 31, 2021 Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load is not taken
into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say
Regular Plan Growth 64.67 `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach.
XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct
Regular Plan IDCW@ 23.44 allowance for the time impact of the transactions. Data as on 31st March 2021
Scheme Benchmark
20.0% 17.8% 16.4%
14.5% 12.8% 14.5%
13.3% 11.8%
11.5% 10.7% 10.2%
9.3% 10.0% 6.5%
10.0%
6.5% 5.4% 6.1% 5.7%
Investors understand that their principal will be at Very High risk 3.1% 4.0% 3.3% 1.5%
0.3%
Information
Health Care
Financials
Auto
Staples
Industrials
Utilities
Commodities
Discretionary
Building Mat
Technology
Energy
Cement /
Consumer
Consumer
seeking*:
related instruments following a value investment
strategy.
Large Cap 14.47%
doubt about whether the product is suitable for them. Mid Cap 44.80%
Small Cap 40.73%
Performance Table
Mar 07, 2008 Mar 07, 2008
IDFC Sterling Value Fund$ 115.93% 5.89% 14.93% 15.35% 21,593 11,882 20,057 64,670
S&P BSE 400 MidSmallCap TRI# 106.37% 9.29% 15.77% 10.64% 20,637 13,066 20,804 37,510
Nifty 50 TRI## 72.54% 14.58% 15.12% 10.29% 17,254 15,064 20,228 35,968
#
$
The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018. @Income Distribution and Capital Withdrawal
23
IDFC Emerging Businesses Fund
(Small Cap Fund – An open ended equity scheme predominantly investing in small cap stocks)
31st March 2021

Size
Equity and Equity related Instruments 97.07% Pharmaceuticals 4.27%
Consumer Non Durables 13.01% FDC 1.72%
Large Cap 
Radico Khaitan 4.22% Gland Pharma 1.45%
Balrampur Chini Mills 2.15% Laurus Labs 1.09%
DCM Shriram 1.53% Capital Markets 3.85%
DFM Foods 1.50% 
Multi Commodity Exchange of India 2.62%
Mid Cap Emami 1.07% UTI Asset Management Company 1.23%
Heritage Foods 1.02% Banks 3.69%
Godfrey Phillips India 1.00% State Bank of India 1.53%
Jyothy Labs 0.51% Kotak Mahindra Bank 1.16%
Small Cap Industrial Products 10.82% Suryoday Small Finance Bank 1.00%

Shaily Engineering Plastics 2.96% Cement & Cement Products 3.56%
Style Growth Blend Value Graphite India 2.14% Sagar Cements 1.55%
Polycab India 1.72% ACC 1.11%
EPL 1.60% Deccan Cements 0.89%
About the Fund: Fund focuses on building a Carborundum Universal 1.24% Petroleum Products 3.26%
diversified portfolio within the small cap segment. Huhtamaki India 1.15% 
Gulf Oil Lubricants India 2.74%
Portfolio will contain buy and hold strategies as Software 9.11% Hindustan Petroleum Corporation 0.52%
well as opportunistic picks in the cyclical space. 
Birlasoft 3.00% Auto 3.08%
Fund may also look to participate in new Cyient 2.24% Ashok Leyland 1.65%
businesses via IPOs. eClerx Services 1.45% Tata Motors 1.43%
Tech Mahindra 0.86% Pesticides 3.06%
Category: Small Cap Fund Infosys 0.78% Rallis India 1.86%
Mastek 0.77% Heranba Industries 1.20%
Monthly Avg AUM: ` 944.63 Crores Consumer Durables 8.49% Commercial Services 2.87%
Month end AUM: ` 951.03 Crores

Kajaria Ceramics 3.13% 
TeamLease Services 2.87%
Blue Star 1.69% Power 2.00%
Inception Date: 25 February 2020 Mayur Uniquoters 1.39% Kalpataru Power Transmission 2.00%
Cera Sanitaryware 1.10% Healthcare Services 1.79%
Fund Manager: Mr. Anoop Bhaskar Greenply Industries 0.58% Narayana Hrudayalaya 1.79%
Orient Electric 0.39% Retailing 1.73%
Portfolio Turnover Borosil 0.19% V-Mart Retail 1.73%
Equity 0.49 Chemicals 7.66% Textiles - Cotton 1.67%
Aggregate^ 0.49 
Navin Fluorine International 3.40% Vardhman Textiles 1.09%

NOCIL 3.32% Nitin Spinners 0.58%
Total Expense Ratio Chemcon Speciality Chemicals 0.94% Telecom - Services 1.39%
Regular 2.42% Leisure Services 4.79% Bharti Airtel 1.39%
Direct 0.29% 
Westlife Development 2.46% Finance 1.24%
Jubilant Foodworks 1.13% JM Financial 0.84%
Benchmark: S&P BSE 250 SmallCap TRI Burger King India 0.81% Magma Fincorp 0.41%
EIH 0.39% Construction Project 1.07%
SIP (Minimum Amount): ` 100/- and in multiples Auto Ancillaries 4.66% Power Mech Projects 1.07%
of Rs.1 thereafter Jamna Auto Industries 1.63% Net Cash and Cash Equivalent 2.93%
GNA Axles 1.13% Grand Total 100.00%
Automotive Axles 0.99%
SIP Dates (Monthly): Investor may choose any Wheels India 0.91% 
day of the month except 29th, 30th and 31st as
the date of instalment.
Minimum Investment Amount: ` 5,000/- and any
amount thereafter SECTOR ALLOCATION MARKET CAP
Option Available: The Scheme offer IDCW @
Scheme Benchmark 25.3%
Option & Growth Option. IDCW@ Option under 30.0% 23.5%
each Plan further offers of choice of Payout & 20.5%
20.0%
Sweep facilities. 9.7% 10.3% 10.1% 7.6% 11.2%
8.8% 10.5% 9.3% 7.1% 9.1% 8.9%
10.0% 6.5% 6.1% 1.4%
3.7% 3.8% 0.5%
Exit Load: 1% if redeemed/switched out within 1 1.0% 0.2%
0.0%
year from the date of allotment
Information
Health Care
Financials
Auto
Staples
Industrials
ation Services
Commodities
Discretionary
Building Mat
Technology
Telecommunic
Energy
Cement /
Consumer
Consumer

Large Cap 10.58%
Regular Plan IDCW@ 16.16
Mid Cap 10.36%
Small Cap 79.06%
SIP PERFORMANCE
Monthly SIP of ` 10,000 in IDFC Since
Emerging Businesses Fund - Regular 1 Year 3 Years 5 Years 7 Years 10 Years Inception
Plan - Growth Feb 25, 2020
Total Amount Invested (`) 1,20,000 NA NA NA NA 1,40,000
Total Value as on March 31, 2021 (`) 1,67,230 NA NA NA NA 1,99,763
Fund Returns (%) 80.74 NA NA NA NA 73.61
This product is suitable for investors who are Total Value of S&P BSE 250 SmallCap TRI# 1,80,937 NA NA NA NA 2,09,639
seeking*:
S&P BSE 250 SmallCap TRI (%)$ 106.54 NA NA NA NA 86.42
• Investment in equity and equity related Total Value of Nifty 50 TRI## 1,57,215 NA NA NA NA 1,83,315
instrument of small cap companies. Nifty 50 TRI (%)## 62.50 NA NA NA NA 52.62
*Investors should consult their financial advisers if Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load is not taken
in doubt about whether the product is suitable into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say
for them. `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach.
XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct
allowance for the time impact of the transactions. Data as on 31st March 2021
Performance Table
Feb 25, 2020 Feb 25, 2020
IDFC Emerging Businesses Fund 84.47% NA NA 54.95% 18,447 NA NA 16,160
S&P BSE 250 SmallCap TRI# 117.51% NA NA 34.64% 21,751 NA NA 13,853
Nifty 50 TRI## 72.54% NA NA 23.56% 17,254 NA NA 12,610
The scheme has been in existence for more than 3 year but less than 5 years.
For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages, Other ratios are not given as scheme has not completed 3 years.
#
Benchmark Returns. ##Alternate Benchmark Returns. @Income Distribution and Capital Withdrawal
24
IDFC Infrastructure Fund
An open ended equity scheme investing in Infrastructure sector
31st March 2021

Size
Equity and Equity related Instruments 98.43% Gujarat State Petronet 2.90%
Cement & Cement Products 17.79% Telecom - Services 6.44%
Large Cap Bharti Airtel 6.44%

UltraTech Cement 8.28% 

JK Cement 7.04% Industrial Capital Goods 4.98%
Sagar Cements 2.47% 
Thermax 3.21%
Mid Cap Transportation 16.42% ISGEC Heavy Engineering 1.76%

Adani Ports and Special Economic Zone 7.43% Ferrous Metals 4.70%

Container Corporation of India 3.37% Jindal Steel & Power 2.83%
Transport Corporation of India 3.20% Maharashtra Seamless 0.98%
Small Cap Gateway Distriparks 1.65% Jindal Saw 0.89%
Navkar Corporation 0.77% Power 4.56%
Style Growth Blend Value Torrent Power 4.56%
Construction Project 16.18% 
About the Fund: A dedicated Infrastructure fund, 

Larsen & Toubro 9.32% Industrial Products 4.53%
that invests across the infrastructure value chain NCC 2.85% Kirloskar Brothers 3.16%
with exclusions like Banking, Autos, IT, Pharma and H.G. Infra Engineering 2.48% Carborundum Universal 1.37%
FMCG. It is a diversified portfolio of companies that Petroleum Products 1.00%
Engineers India 1.53%
are participating in and benefitting from the Indian
Construction 11.63% Hindustan Petroleum Corporation 1.00%
Infrastructure and Infrastructure related activities.

PNC Infratech 6.33% Leisure Services 0.80%
Category: Sectoral
Ahluwalia Contracts (India) 2.20% Taj GVK Hotels & Resorts 0.80%
Monthly Avg AUM: ` 589.96 Crores Aerospace & Defense 0.75%
ITD Cementation India 1.41%
Month end AUM: ` 585.96 Crores J.Kumar Infraprojects 0.98% Bharat Electronics 0.75%
Inception Date: 8 March 2011 GPT Infraprojects 0.55% Net Cash and Cash Equivalent 1.57%
Fund Manager: Mr. Sachin Relekar (w.e.f. 08th PSP Projects 0.16% Grand Total 100.00%
December 2020)£ Gas 8.65%
Other Parameter: 
Gujarat Gas 5.75% 
Beta 0.98
R Square 0.92
Sharpe* -0.07
Portfolio Turnover
Equity 0.03
Aggregate^ 0.03
Total Expense Ratio
Regular 2.47%
Direct 1.29% SIP PERFORMANCE
Benchmark: S&P BSE India Infrastructure TRI
(with effect from November 11, 2019) Monthly SIP of ` 10,000 in IDFC Since
Infrastructure Fund - Regular 1 Year 3 Years 5 Years 7 Years 10 Years Inception
instalments) Plan - Growth Mar 08, 2011
SIP Frequency: Monthly Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,10,000
SIP Dates (Monthly): Investor may choose any day of Total Value as on March 31, 2021 (`) 1,82,100 4,81,665 7,96,145 12,07,165 19,99,281 20,18,473
instalment. Fund Returns (%) 108.77 19.88 11.27 10.19 9.86 9.80
Investment Objective: Refer Pg No from 66 to 67 Total Values of S&P BSE India
1,81,551 4,72,134 7,65,043 11,22,194 19,17,753 19,41,082
Minimum Investment Amount: ` 5,000/- and any Infrastructure TRI#
amount thereafter S&P BSE India Infrastructure TRI (%)# 107.71 18.45 9.66 8.15 9.07 9.06
Option Available: Growth, IDCW@ - (Payout, Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 24,51,098
Reinvestment and Sweep (from Equity Schemes to
Debt Schemes only)) Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 13.41
Exit Load: If redeemed/switched out within 365 Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load
days from the date of allotment: is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown
Upto 10% of investment:Nil, if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
For remaining investment: 1% of applicable NAV. calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series
If redeemed / switched out after 365 days from of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st March 2021
date of allotment: Nil. (w.e.f. May 08, 2020)

Regular Plan Growth 18.50 SECTOR ALLOCATION MARKET CAP
Scheme Benchmark
40.0%
31.8% 31.7%
30.0% 26.3%
17.5%
20.0% 17.8% 16.4%
13.2% 10.4%
8.9%
10.0% 1.4% 1.5% 4.7% 6.4% 0.8% 1.0%
0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0%
Construction
Engineering
Capgoods
Consumables
Services
Utilities
Logistics
Commodities
ation Services
Building Mat
Telecommunic
Discretionary
Energy
Cement /
Consumer

seeking*:
related instruments of companies that are
participating in and benefiting from growth in Large Cap 33.00%
Indian infrastructure and infrastructural related Mid Cap 30.88%
activities. Small Cap 36.12%
Performance Table
Mar 08, 2011 Mar 08, 2011
IDFC Infrastructure Fund 101.53% 1.41% 12.23% 6.30% 20,153 10,430 17,814 18,500
S&P BSE India Infrastructure TRI# 94.11% 1.77% 10.27% 8.01% 19,411 10,542 16,308 21,722
Nifty 50 TRI## 72.54% 14.58% 15.12% 11.57% 17,254 15,064 20,228 30,132
#
Benchmark Returns. ##Alternate Benchmark Returns. £The Scheme was being managed by Mr. Rajendra Kumar Mishra up to December 7, 2020. @Income Distribution and Capital Withdrawal
25
IDFC Nifty Fund
An open ended scheme tracking Nifty 50 Index
31st March 2021

Name Rating % of NAV Name Rating % of NAV
Size
Equity and Equity related Instruments 99.77% Divi's Laboratories 0.71%
Banks 26.08% Cipla 0.64%
Large Cap 
HDFC Bank 10.12% Cement & Cement Products 2.68%

ICICI Bank 6.25% UltraTech Cement 1.21%

Kotak Mahindra Bank 4.02% Grasim Industries 0.85%

Axis Bank 2.71% Shree Cement 0.61%
Mid Cap
State Bank of India 2.14% Construction Project 2.66%
IndusInd Bank 0.84% Larsen & Toubro 2.66%
Yes Bank 0.001% Insurance 2.32%
Small Cap Software 16.66% Bajaj Finserv 0.90%

Infosys 7.98% HDFC Life Insurance Company 0.88%
Style Growth Blend Value 
Tata Consultancy Services 5.11% SBI Life Insurance Company 0.54%
HCL Technologies 1.66% Telecom - Services 1.96%
Tech Mahindra 0.96% Bharti Airtel 1.96%
About the Fund: IDFC Nifty Fund is an index
Wipro 0.96% Ferrous Metals 1.67%
fund which is managed passively by investing in
Petroleum Products 11.15% Tata Steel 0.96%
proportion to the Nifty 50. 
Reliance Industries 10.17% JSW Steel 0.71%
Category: Index Bharat Petroleum Corporation 0.62% Power 1.66%
Monthly Avg AUM: ` 288.99 Crores Indian Oil Corporation 0.36% Power Grid Corporation of India 0.86%
Month end AUM: ` 289.10 Crores Consumer Non Durables 10.33% NTPC 0.80%

Hindustan Unilever 3.35% Consumer Durables 1.01%
Inception Date: 30 April 2010

ITC 2.96% Titan Company 1.01%
Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Transportation 0.81%
Asian Paints 1.79%
Agrawal (w.e.f. 1st March 2017) Adani Ports and Special Economic Zone 0.81%
Nestle India 0.95%
Other Parameter: Britannia Industries 0.66% Index 0.77%
Beta 0.99 Tata Consumer Products 0.61% Nifty 50 Index - Equity Futures 0.77%
R Square 1.00 Finance 9.13% Non - Ferrous Metals 0.76%

HDFC 7.02% Hindalco Industries 0.76%
Standard Deviation (Annualized) 21.74% Oil 0.58%
Bajaj Finance 2.11%
Sharpe* 0.49 Auto 5.36% Oil & Natural Gas Corporation 0.58%
Portfolio Turnover Maruti Suzuki India 1.43% Pesticides 0.54%
Equity 0.28 Mahindra & Mahindra 1.19% UPL 0.54%
Tata Motors 0.84% Minerals/Mining 0.42%
Aggregate^ 0.40
Bajaj Auto 0.74% Coal India 0.42%
Tracking Error (Annualized) 0.83% Hero MotoCorp 0.59% Corporate Bond 0.01%
Total Expense Ratio Eicher Motors 0.57% NTPC AAA 0.01%
Regular 0.76% Pharmaceuticals 3.22% Net Cash and Cash Equivalent 0.23%
Sun Pharmaceutical Industries 1.01% Grand Total 100.00%
Direct 0.16%
Dr. Reddy's Laboratories 0.85%
Benchmark: Nifty 50 TRI 
amount thereafter
Option Available: Growth, IDCW@ - (Payout, SIP PERFORMANCE
Reinvestment and Sweep (from Equity Schemes
to Debt Schemes only)) Monthly SIP of ` 10,000 in IDFC Since
1 Year 3 Years 5 Years 7 Years 10 Years Inception
Exit Load: NIL (w.e.f. 4th February 2019) Nifty - Regular Plan - Growth Apr 30, 2010
NAV (`) as on March 31, 2021 Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 13,20,000
Fund Returns (%) 61.11 19.13 15.21 13.22 13.07 12.54
Total Value of Nifty 50 TRI# 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 27,81,984
Nifty 50 TRI (%)# 62.50 19.52 15.60 13.61 13.45 12.90
Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load
is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown
if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series
of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st March 2021
INDUSTRY ALLOCATION
Investors understand that their principal will be at Very High risk Banks 26.08% Telecom - Services 1.96%
Software 16.66% Ferrous Metals 1.67%
This product is suitable for investors who are Petroleum Products 11.15%
seeking*: Power 1.66%
Consumer Non Durables 10.33%
• To create wealth over long term. Consumer Durables 1.01%
Finance 9.13%
• Investment in equity and equity related Transportation 0.81%
Auto 5.36%
instruments forming part of Nifty 50 index. Non - Ferrous Metals 0.76%
Pharmaceuticals 3.22%
*Investors should consult their financial advisers if Cement & Cement Products 2.68% Oil 0.58%
in doubt about whether the product is suitable Construction Project 2.66% Pesticides 0.54%
for them. Insurance 2.32% Minerals/Mining 0.42%
Performance Table
Apr 30, 2010 Apr 30, 2010
IDFC Nifty Fund 70.95% 14.21% 14.67% 10.85% 17,095 14,918 19,832 30,821
Nifty 50 TRI# 72.54% 14.58% 15.12% 11.18% 17,254 15,064 20,228 31,839
#
Benchmark Returns. @Income Distribution and Capital Withdrawal
26
IDFC Sensex ETF
An open ended scheme tracking S&P BSE Sensex Index
31st March 2021

About the Fund: An open-ended Exchange
Traded Fund that seeks to provide returns that, Equity and Equity related Instruments 98.71% Mahindra & Mahindra 1.39%
before expenses, closely correspond to the total Banks 29.50% Bajaj Auto 0.86%
return of the S&P BSE Sensex, subject to tracking 
HDFC Bank 11.10% Construction Project 3.12%
errors. 
ICICI Bank 7.33% Larsen & Toubro 3.12%

Kotak Mahindra Bank 4.18% Telecom - Services 2.26%
Category: Exchange Traded Fund

Axis Bank 3.35% Bharti Airtel 2.26%
Monthly Avg AUM: ` 0.73 Crores State Bank of India 2.55% Pharmaceuticals 2.17%
Month end AUM: ` 0.73 Crores IndusInd Bank 0.98% Sun Pharmaceutical Industries 1.18%
Software 18.21% Dr. Reddy's Laboratories 0.99%
Inception Date: 07 October 2016

Infosys 9.15% Power 1.93%
Fund Manager: Mr. Yogik Pitti 
Tata Consultancy Services 5.99% Power Grid Corporation of India 1.01%
Other Parameter: HCL Technologies 1.95% NTPC 0.92%
Beta 0.98 Tech Mahindra 1.12% Cement & Cement Products 1.39%
R Square 1.00
Standard Deviation (Annualized) 21.63% Petroleum Products 11.83% UltraTech Cement 1.39%
Sharpe* 0.56 
Reliance Industries 11.83% Consumer Durables 1.18%
Portfolio Turnover Consumer Non Durables 10.71% Titan Company 1.18%
Equity 0.08 
Hindustan Unilever 3.95% Insurance 1.06%
Aggregate^ 0.08 
ITC 3.48% Bajaj Finserv 1.06%
Tracking Error (Annualized) 0.70% Asian Paints 2.10% Oil 0.68%
Total Expense Ratio: 0.31% Nestle India 1.18% Oil & Natural Gas Corporation 0.68%
Finance 10.70% Net Cash and Cash Equivalent 1.29%
Benchmark: S&P BSE Sensex TRI 
HDFC 8.22% Grand Total 100.00%
SIP (Minimum Amount): NA Bajaj Finance 2.48%
SIP Frequency: NA Auto 3.95%
Maruti Suzuki India 1.70%
SIP Dates (Monthly): NA


Minimum Investment Amount: Directly with Fund
- Authorised Participants and Large Investors can
directly purchase / redeem in blocks from the
fund in “Creation unit size” on any business day.
On the Exchange - The units of the Scheme can
be purchased and sold in minimum lot of 1 unit
and in multiples thereof
Option Available: Presently the scheme does not
offer any Plan/Options for Investment
Exit Load: Nil

Growth 515.9041
IDCW@ NA
INDUSTRY ALLOCATION
Banks 29.50%
Software 18.21%
Petroleum Products 11.83%
Finance 10.70%
Auto 3.95%
Construction Project 3.12%
Telecom - Services 2.26%
seeking*:
Power 1.93%
Cement & Cement Products 1.39%
• Investing in equity and equity related instruments
forming part of S&P BSE Sensex Index. Consumer Durables 1.18%
*Investors should consult their financial advisers if
Insurance 1.06%
in doubt about whether the product is suitable Oil 0.68%
for them.
Performance Table
Oct 07, 2016 Oct 07, 2016
IDFC Sensex ETF 68.13% 15.55% NA 14.55% 16,813 15,452 NA 18,385
S&P BSE Sensex TRI# 69.82% 15.81% NA 14.82% 16,982 15,559 NA 18,581
Nifty 50 TRI## 72.54% 14.58% NA 13.77% 17,254 15,064 NA 17,829
*Risk-free rate assumed to be 3.50% (FBIL OVERNIGHT MIBOR as on 31st March 2021). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is
calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
27
IDFC Nifty ETF
An open ended scheme tracking NIFTY 50 Index
31st March 2021

About the Fund: An open-ended Exchange
Traded Fund that seeks to provide returns that,
Equity and Equity related Instruments 98.51% Sun Pharmaceutical Industries 1.00%
before expenses, closely correspond to the total Banks 26.04% Dr. Reddy's Laboratories 0.85%
return of the Nifty 50, subject to tracking errors. 
HDFC Bank 10.09% Divi's Laboratories 0.72%

ICICI Bank 6.24% Cipla 0.64%
Category: Exchange Traded Fund 
Kotak Mahindra Bank 3.99% Cement & Cement Products 2.68%
Monthly Avg AUM: ` 18.45 Crores 
Axis Bank 2.72% UltraTech Cement 1.20%
State Bank of India 2.17% Grasim Industries 0.86%
IndusInd Bank 0.84% Shree Cement 0.61%
Inception Date: 07 October 2016 Yes Bank 0.00% Construction Project 2.66%
Fund Manager: Mr. Yogik Pitti Software 16.52% Larsen & Toubro 2.66%
Other Parameter:

Infosys 7.86% Insurance 2.33%
Beta 0.98

Tata Consultancy Services 5.10% Bajaj Finserv 0.90%
R Square 1.00 HCL Technologies 1.65% HDFC Life Insurance Company 0.89%
Sharpe* 0.50 Tech Mahindra 0.95% SBI Life Insurance Company 0.53%
Wipro 0.95% Telecom - Services 1.94%
Portfolio Turnover
Petroleum Products 11.02% Bharti Airtel 1.94%
Equity 0.08
Aggregate^ 0.08

Reliance Industries 10.04% Ferrous Metals 1.65%
Tracking Error (Annualized) 0.70% Bharat Petroleum Corporation 0.62% Tata Steel 0.95%
Indian Oil Corporation 0.36% JSW Steel 0.70%
Total Expense Ratio: 0.16%
Consumer Non Durables 10.32% Power 1.64%
Benchmark: Nifty 50 TRI 
Hindustan Unilever 3.37% Power Grid Corporation of India 0.86%

ITC 2.96% NTPC 0.79%
SIP (Minimum Amount): NA
Asian Paints 1.77% Consumer Durables 1.01%
SIP Frequency: NA Nestle India 0.95% Titan Company 1.01%
SIP Dates (Monthly): NA Britannia Industries 0.66% Transportation 0.80%
Tata Consumer Products 0.60% Adani Ports and Special Economic Zone 0.80%
Finance 9.09% Non - Ferrous Metals 0.74%
Minimum Investment Amount: Directly with Fund 
HDFC 6.98% Hindalco Industries 0.74%
- Authorised Participants and Large Investors can
directly purchase / redeem in blocks from the
Bajaj Finance 2.12% Oil 0.58%
fund in “Creation unit size” on any business day. Auto 5.32% Oil & Natural Gas Corporation 0.58%
On the Exchange - The units of the Scheme can Maruti Suzuki India 1.41% Pesticides 0.55%
be purchased and sold in minimum lot of 1 unit Mahindra & Mahindra 1.18% UPL 0.55%
and in multiples thereof Tata Motors 0.84% Minerals/Mining 0.42%
Option Available: Presently the scheme does not Bajaj Auto 0.74% Coal India 0.42%
offer any Plan/Options for Investment. Hero MotoCorp 0.59% Net Cash and Cash Equivalent 1.49%
Exit Load: Nil Eicher Motors 0.56% Grand Total 100.00%
Pharmaceuticals 3.21% 

Growth 153.3055
IDCW@ NA INDUSTRY ALLOCATION
Banks 26.04%
Software 16.52%
Petroleum Products 11.02%
Finance 9.09%
Auto 5.32%
Cement & Cement Products 2.68%
Construction Project 2.66%
Insurance 2.33%
Investors understand that their principal will be at Very High risk Telecom - Services 1.94%
Ferrous Metals 1.65%
This product is suitable for investors who are Power 1.64%
seeking*: Consumer Durables 1.01%
• To create wealth over long term. Transportation 0.80%
• Investing in equity and equity related instruments Non - Ferrous Metals 0.74%
forming part of Nifty 50 index. Oil 0.58%
*Investors should consult their financial advisers if Pesticides 0.55%
in doubt about whether the product is suitable Minerals/Mining 0.42%
for them.
Performance Table
Oct 07, 2016 Oct 07, 2016
IDFC Nifty ETF 70.91% 14.33% NA 13.48% 17,091 14,967 NA 17,626
Nifty 50 TRI# 72.54% 14.58% NA 13.77% 17,254 15,064 NA 17,829
*Risk-free rate assumed to be 3.50% (FBIL OVERNIGHT MIBOR as on 31st March 2021). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is
calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
#
Benchmark Returns. @Income Distribution and Capital Withdrawal
28
IDFC Arbitrage Fund
An open ended scheme investing in arbitrage opportunities
31st March 2021

Name Industries % of NAV Name Industries % of NAV
About the Fund: The fund invests in arbitrage ICICI Bank Banks 4.26% Bharat Heavy Electricals Industrial Capital Goods 0.15%
opportunities in the cash and the derivative Sun Pharmaceutical Industries Pharmaceuticals 3.71% ICICI Prudential Life
Bharti Airtel Telecom - Services 3.34% Insurance 0.15%
Insurance Company
segments of the equity markets. It aims to capture Adani Ports and Special Container Corporation of India Transportation 0.14%
Transportation 3.12%
the spread (Cost of Carry) between the cash Economic Zone Manappuram Finance Finance 0.14%
and futures market by simultaneously executing HDFC Finance 2.82% Petronet LNG Gas 0.13%
Larsen & Toubro Construction Project 2.75% Mahindra & Mahindra Auto 0.13%
buy (in the cash market) and sell (in the futures ITC Consumer Non Durables 2.73% GAIL (India) Gas 0.12%
market) trades. The balance is invested in debt Asian Paints Consumer Non Durables 2.37% Indraprastha Gas Gas 0.11%
Tata Steel Ferrous Metals 2.04% Biocon Pharmaceuticals 0.11%
and money market instruments. The fund typically State Bank of India Banks 2.03% DLF Construction 0.11%
follows a strategy of taking market neutral (equally Axis Bank Banks 1.86% ICICI Lombard General
Infosys Software 1.86% Insurance 0.11%
Insurance Company
offsetting) positions in the equity market making Bajaj Auto Auto 1.42% HCL Technologies Software 0.10%
it a low risk product irrespective of the movements Colgate Palmolive (India) Consumer Non Durables 1.41% Apollo Hospitals Enterprise Healthcare Services 0.10%
Maruti Suzuki India Auto 1.24% Zee Entertainment Enterprises Entertainment 0.10%
in equity market. Tech Mahindra Software 1.18% Bajaj Finance Finance 0.10%
Tata Power Company Power 1.11% Escorts Auto 0.10%
Category: Arbitrage Pidilite Industries Chemicals 1.07% Cement & Cement
Tata Motors Auto 1.02% Shree Cement 0.09%
Monthly Avg AUM: ` 6,871.93 Crores Products
JSW Steel Ferrous Metals 0.89% REC Finance 0.09%
Tata Consultancy Services Software 0.85% NMDC Minerals/Mining 0.08%
Month end AUM: ` 6,755.62 Crores Bajaj Finserv Insurance 0.82% Cement & Cement
Cement & Cement UltraTech Cement 0.08%
Inception Date: 21 December 2006 ACC 0.79% Products
Products Bandhan Bank Banks 0.08%
Info Edge (India) Retailing 0.76% Bank of Baroda Banks 0.08%
Fund Manager: Equity Portion: Mr. Yogik Pitti United Spirits Consumer Non Durables 0.75% Cadila Healthcare Pharmaceuticals 0.08%
(w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. Steel Authority of India Ferrous Metals 0.72% Power Finance Corporation Finance 0.08%
1st March 2017) & Debt Portion: Mr. Harshal Joshi Divi's Laboratories Pharmaceuticals 0.68% Telecom - Equipment &
Tata Chemicals Chemicals 0.68% Indus Towers 0.07%
(w.e.f. 20th October 2016) NTPC Power 0.68% Accessories
Titan Company Consumer Durables 0.66% Bata India Consumer Durables 0.07%
Other Parameter: Dabur India Consumer Non Durables 0.62% HDFC Life Insurance Company Insurance 0.06%
UPL Pesticides 0.62% MRF Auto Ancillaries 0.06%
Beta 0.66 Adani Enterprises Minerals/Mining 0.60% Torrent Power Power 0.05%
Lupin Pharmaceuticals 0.60% Shriram Transport
R Square 0.56 Finance 0.05%
IndusInd Bank Banks 0.58% Finance Company
Standard Deviation (Annualized) 0.84% Exide Industries Auto Ancillaries 0.58% Balkrishna Industries Auto Ancillaries 0.05%
Sharpe* 1.93 The Federal Bank Banks 0.54% Bharat Forge Industrial Products 0.04%
Indian Oil Corporation Petroleum Products 0.52% Aurobindo Pharma Pharmaceuticals 0.04%
Eicher Motors Auto 0.46% Glenmark Pharmaceuticals Pharmaceuticals 0.04%
Portfolio Turnover Power Grid Corporation of India Power 0.44% TVS Motor Company Auto 0.04%
Tata Consumer Products Consumer Non Durables 0.43% Jindal Steel & Power Ferrous Metals 0.03%
Equity 2.48 Apollo Tyres Auto Ancillaries 0.41% HDFC Bank Banks 0.03%
SRF Chemicals 0.39% SBI Life Insurance Company Insurance 0.03%
Aggregate^ 13.06 Wipro Software 0.38% Coal India Minerals/Mining 0.03%
Havells India Consumer Durables 0.38% Mahanagar Gas Gas 0.02%
Total Expense Ratio Cement & Cement Britannia Industries Consumer Non Durables 0.02%
Ambuja Cements 0.37% Granules India Pharmaceuticals 0.02%
Regular 0.97% Products
Cipla Pharmaceuticals 0.34% City Union Bank Banks 0.02%
Sun TV Network Entertainment 0.33% Bosch Auto Ancillaries 0.02%
Direct 0.37% LIC Housing Finance Finance 0.02%
GMR Infrastructure Construction Project 0.31%
Page Industries Textile Products 0.30% Indian Railway Catering And
Benchmark: Nifty 50 Arbitrage Index Transportation 0.01%
Ashok Leyland Auto 0.28% Tourism Corporation
(w.e.f. April 01, 2018) Dr. Reddy's Laboratories Pharmaceuticals 0.27% Alkem Laboratories Pharmaceuticals 0.01%
Bharat Electronics Aerospace & Defense 0.26% Larsen & Toubro Infotech Software 0.01%
SIP (Minimum Amount): ` 100/- Canara Bank Banks 0.23% Aarti Industries Chemicals 0.01%
Kotak Mahindra Bank Banks 0.23% Amara Raja Batteries Auto Ancillaries 0.01%
SIP Frequency: Monthly Max Financial Services Insurance 0.23% Jubilant Foodworks Leisure Services 0.01%
Reliance Industries Petroleum Products 0.23% MindTree Software 0.01%
SIP Dates (Monthly): Investor may choose any Voltas Consumer Durables 0.23% L&T Technology Services Engineering Services 0.005%
Berger Paints (I) Consumer Non Durables 0.23% Siemens Industrial Capital Goods 0.005%
day of the month except 29th, 30th and 31st as Bharat Petroleum Corporation Petroleum Products 0.22% AU Small Finance Bank Banks 0.003%
the date of instalment. Hindustan Petroleum Corporation Petroleum Products 0.22% HDFC Asset
Capital Markets 0.002%
Hindustan Unilever Consumer Non Durables 0.21% Management Company
Investment Objective: Refer Pg No from 66 to 67 Cement & Cement Punjab National Bank Banks 0.001%
Grasim Industries 0.20% Total Hedged Equity 66.73%
Minimum Investment Amount: ` 100/- and any Products
Torrent Pharmaceuticals Pharmaceuticals 0.20% Treasury Bill 23.09%
amount thereafter Cement & Cement Corporate Bond 3.32%
The Ramco Cements 0.20% PTC^ 0.64%
Option Available: Growth, IDCW@ - (Payout, Products
Nestle India Consumer Non Durables 0.19% Zero Coupon Bond 0.02%
Reinvestment and Sweep (from Equity Schemes Marico Consumer Non Durables 0.18% Net Cash and Cash Equivalent 6.19%
Godrej Consumer Products Consumer Non Durables 0.17% Grand Total 100.00%
to Debt Schemes only)) - Monthly & Annual
National Aluminium Company Non - Ferrous Metals 0.17%
Exit Load: 0.25% if redeemed / switched-out Hindalco Industries Non - Ferrous Metals 0.16% ^
First Business Receivables Trust- wt. avg. mat: 2.03 years
Motherson Sumi Systems Auto Ancillaries 0.15% (PTC originated by Reliance Industries Limited)
within 1 month from the date of allotment
(w.e.f 01st July 2016)
INDUSTRY ALLOCATION
Banks 9.96% Retailing 0.76%
Consumer Non Durables 9.32% Minerals/Mining 0.71%
NAV (`) as on March 31, 2021 Pharmaceuticals 6.10% Pesticides 0.62%
Auto 4.68% Entertainment 0.43%
Regular Plan Growth 25.4754 Software 4.38% Gas 0.39%
Ferrous Metals 3.68%
Regular Plan Monthly IDCW@ 12.8334 Telecom - Services 3.34%
Non - Ferrous Metals 0.33%
Finance 3.29% Textile Products 0.30%
Regular Plan Annual IDCW@ 10.5102 Transportation 3.27% Aerospace & Defense 0.26%
Construction Project 3.06% Industrial Capital Goods 0.15%
Power 2.28% Construction 0.11%
Chemicals 2.14% Healthcare Services 0.10%
Cement & Cement Products 1.72% Telecom - Equipment & Accessories 0.07%
Insurance 1.40% Industrial Products 0.04%
Consumer Durables 1.34% Leisure Services 0.01%
Auto Ancillaries 1.26% Engineering Services 0.005%
Petroleum Products 1.19% Capital Markets 0.002%
SIP PERFORMANCE
Investors understand that their principal will be at Low risk Arbitrage Fund - Regular Plan - 1 Year 3 Years 5 Years 7 Years 10 Years Inception
This product is suitable for investors who are seeking*: Growth Dec 21, 2006
• To generate low volatility returns over short to Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 17,20,000
medium term.
• Investments predominantly in arbitrage opportunities in
the cash and derivative segments of the equity markets Fund Returns (%) 3.32 4.46 5.03 5.40 6.10 6.45
with balance exposure in debt and money market Total Value of Nifty 50 Arbitrage Index# 1,22,195 3,83,014 6,70,892 9,97,508 15,97,839 NA
instruments.
Nifty 50 Arbitrage Index Returns (%)# 3.43 4.07 4.42 4.84 5.59 NA
*Investors should consult their financial advisers if
in doubt about whether the product is suitable for Total Value of CRISIL 1 Year T-Bill Index## 1,22,457 3,94,143 7,02,922 10,59,521 17,01,155 28,29,561
them. CRISIL 1 Year T-Bill Index (%)## 3.84 5.98 6.27 6.53 6.79 6.63
Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of
SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for
the time impact of the transactions. Data as on 31st March 2021
Performance Table
Dec 21, 2006 Dec 21, 2006
IDFC Arbitrage Fund 3.24% 5.11% 5.47% 6.77% 10,324 11,617 13,054 25,475
Nifty 50 Arbitrage Index# 2.34% 4.57% 4.83% NA 10,234 11,440 12,663 NA
CRISIL 1 Year T-Bill## 4.66% 6.48% 6.50% 6.40% 10,466 12,082 13,706 24,245
#
29
IDFC Equity Savings Fund
An open ended scheme investing in equity, arbitrage and debt
31st March 2021

About the Fund: IDFC Equity Savings Fund is a hybrid % of % of
scheme investing in equity, arbitrage and debt with Name Industries Name Industries
NAV NAV
net equity exposure ranging from 20-45% and debt Adani Ports and Special
exposure ranging from 20-35%, remaining being in Transportation 6.55% Tech Mahindra Software 0.89%
Economic Zone
arbitrage. Tata Consultancy Services Software 5.58% Thermax Industrial Capital Goods 0.88%
Category: Equity Savings Bharti Airtel Telecom - Services 4.72% Asian Paints Consumer Non Durables 0.85%
Monthly Avg AUM: ` 53.65 Crores Sun Pharmaceutical Industries Pharmaceuticals 3.61% Pidilite Industries Chemicals 0.84%
Crompton Greaves
Month end AUM: ` 53.58 Crores Aurobindo Pharma Pharmaceuticals 2.99% Consumer Durables 0.73%
Consumer Electricals
Inception Date: 9 June 2008 Larsen & Toubro Construction Project 2.63% Torrent Pharmaceuticals Pharmaceuticals 0.71%
Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. HDFC Bank Banks 2.51% HDFC Life Insurance Company Insurance 0.65%
27th June 2013), Mr. Sachin Relekar (w.e.f. 08th JSW Steel Ferrous Metals 2.36% Alkem Laboratories Pharmaceuticals 0.61%
December 2020)£ & Debt Portion: Mr. Harshal Joshi
(w.e.f. 20th October 2016) Godrej Consumer Products Consumer Non Durables 2.04% Coromandel International Fertilisers 0.58%
Dabur India Consumer Non Durables 2.02% Rallis India Pesticides 0.47%
Other Parameter:
Mahindra & Mahindra Auto 1.87% Dr. Reddy's Laboratories Pharmaceuticals 0.25%
Beta 0.58
R Square 0.86 Infosys Software 1.84% Laurus Labs Pharmaceuticals 0.20%
Standard Deviation (Annualized) 9.05% ICICI Bank Banks 1.74% Nestle India Consumer Non Durables 0.16%
Sharpe* 0.31 Bajaj Auto Auto 1.64% APL Apollo Tubes Ferrous Metals 0.16%
Modified Duration£ 1.04 years MRF Auto Ancillaries 1.52% Bajaj Finance Finance 0.10%
Average Maturity£ 1.18 years
Macaulay Duration£ 1.10 years Voltas Consumer Durables 1.50% Axis Bank Banks 0.07%
Yield to Maturity£ 4.03% SBI Life Insurance Company Insurance 1.36% Consumer Non
Britannia Industries 0.04%
Durables
£
For debt allocation only HDFC Finance 1.31% Amber Enterprises India Consumer Durables 0.03%
Portfolio Turnover Torrent Power Power 1.27% ICICI Securities Capital Markets 0.03%
Equity 0.50 Cement & Cement
UltraTech Cement 1.26% Total Hedged Equity 66.34%
Aggregate^ 5.30 Products
Reliance Industries Petroleum Products 1.25% Corporate Bond 9.75%
Total Expense Ratio
Marico Consumer Non Durables 1.23% Treasury Bill 9.29%
Regular 2.34%
Gujarat State Petronet Gas 1.22% Exchange Traded Funds 8.62%
Direct 1.27%
Exide Industries Auto Ancillaries 1.08% Net Cash and Cash Equivalent 6.00%
Benchmark: 30% Nifty 50 TRI + 70% CRISIL Liquid Sundaram Finance Finance 1.01% Grand Total 100.00%
Fund Index (w.e.f. Monday, April 30, 2018) ICICI Prudential Life Insurance
Insurance 1.00%
SIP (Minimum Amount): ` 100/- (Minimum 6 Company
instalments) Maruti Suzuki India Auto 0.99%
instalment.
Minimum Investment Amount: ` 5,000/- and any SIP PERFORMANCE
amount thereafter
Option Available: Growth & IDCW@ Option - Monthly, Monthly SIP of ` 10,000 in IDFC Since
Quarterly and Annual and Payout, Reinvestment Equity Savings Fund - Regular Plan - 1 Year 3 Years 5 Years 7 Years 10 Years Inception
& Sweep facilities (from Equity Schemes to Debt Growth Jun 09, 2008
Schemes Only).
Exit Load: In respect of each purchase of Units:
- For 10% of investment : Nil
- For remaining investment: 1% if redeemed/switched Fund Returns (%) 18.84 8.83 6.99 6.58 6.71 6.74
out within 1 (one) year from the date of allotment Total Value of 30% Nifty 50 TRI + 70%
1,44,884 4,49,121 7,97,233 12,01,299 19,52,378 28,16,078
CRISIL Liquid Fund Index#
NAV (`) as on March 31, 2021 30% Nifty 50 TRI + 70% CRISIL Liquid
40.82 14.93 11.32 10.06 9.41 8.95
Regular Plan Growth 23.07 Fund Index Returns (%)#
Regular Plan Monthly IDCW@ 13.54 Total Value of CRISIL 10 Year Gilt Index## 1,21,386 4,04,821 7,15,672 10,92,287 17,58,410 24,78,825
Regular Plan Annual IDCW@ 11.67 CRISIL 10 Year Gilt Index (%)## 2.16 7.78 6.99 7.39 7.42 7.11
Regular Plan Quarterly IDCW@ 11.46 Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load
is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown
if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series
of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st March 2021
INDUSTRY ALLOCATION
Pharmaceuticals 8.38% Finance 2.41%
Investors understand that their principal will be at Moderate risk Software 8.31% Consumer Durables 2.26%
This product is suitable for investors who are seeking*: Transportation 6.55% Power 1.27%
• To generate long term capital growth and income. Consumer Non Durables 6.34% Cement & Cement Products 1.26%
• Investment predominantly in Equity and Equity
Telecom - Services 4.72% Petroleum Products 1.25%
related securities (including arbitrage and other Auto 4.50% Gas 1.22%
derivative strategies) as well as Fixed Income Banks 4.31% Industrial Capital Goods 0.88%
securities. Insurance 3.00% Chemicals 0.84%
*Investors should consult their financial advisers if Construction Project 2.63% Fertilisers 0.58%
in doubt about whether the product is suitable for Auto Ancillaries 2.60% Pesticides 0.47%
them. Ferrous Metals 2.52% Capital Markets 0.03%
Performance Table
Jun 09, 2008 Jun 09, 2008
IDFC Equity Savings Fund $
25.86% 6.25% 6.15% 6.74% 12,586 12,004 13,480 23,070
30% Nifty 50 TRI + 70% 45.99% 10.57% 9.13% 8.26% 14,599 13,533 15,479 27,668
CRISIL Liquid Fund Index
CRISIL 10 Year Gilt Index ##
3.60% 8.24% 7.17% 7.07% 10,360 12,693 14,141 24,012
#
$
The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.
Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark)
£
The Scheme was being managed by Mr. Yogik Pitti, Mr. Rajendra Kumar Mishra and Mr. Harshal Joshi, upto December 7, 2020. @Income Distribution and Capital Withdrawal
30
IDFC Dynamic Equity Fund
An open ended dynamic asset allocation fund
31st March 2021

About the Fund: Name Rating % of NAV Name Rating % of NAV
Equity and Equity related Instruments 67.03% 
• ‘Dynamically’ invests between Equity and Debt Net Equity Exposure 35.21% Reliance Industries - Equity Futures -2.07%
• An Equity fund that buys less when markets are Software 7.46% Insurance 1.57%
expensive and more when markets are cheap

Infosys 6.20% Bajaj Finserv 1.42%
Infosys - Equity Futures -2.20% Bajaj Finserv - Equity Futures -0.48%
• Based on the model that tracks market valuation 
Tata Consultancy Services 3.55% HDFC Life Insurance Company 1.37%
Category: Dynamic Asset Allocation or Balanced Tata Consultancy Services - Equity Futures -3.57% HDFC Life Insurance Company - Equity Futures -0.74%

Tech Mahindra 2.39% Industrial Products 1.53%
Advantage Tech Mahindra - Equity Futures -1.60% Shaily Engineering Plastics 0.60%
Monthly Avg AUM: ` 1,705.37 Crores Coforge 1.22% Supreme Industries 0.58%
Coforge - Equity Futures -0.71% AIA Engineering 0.35%
Month end AUM: ` 1,756.99 Crores Larsen & Toubro Infotech 0.92% Telecom - Services 1.45%
Inception Date: 10 October 2014 Larsen & Toubro Infotech - Equity Futures -0.22% 
Bharti Airtel 2.92%
Wipro 0.80% Bharti Airtel - Equity Futures -1.46%
Fund Manager: Equity Portion: Mr. Arpit Kapoor & Mr. HCL Technologies 0.67% Construction Project 0.79%
Sumit Agrawal (w.e.f. 01st March 2017), D
ebt Portion: Banks 6.55% Larsen & Toubro 1.56%
Mr. Arvind Subramanian (w.e.f. 09th November 2015) 
ICICI Bank 5.18% Larsen & Toubro - Equity Futures -0.78%
ICICI Bank - Equity Futures -2.25% Chemicals 0.76%
Other Parameter: 
HDFC Bank 2.86% SRF 0.62%
Standard Deviation (Annualized) 13.90% Axis Bank 1.17% SRF - Equity Futures -0.27%
Beta 1.02 Axis Bank - Equity Futures -1.18% Chemcon Speciality Chemicals 0.27%
Suryoday Small Finance Bank 0.77% Laxmi Organic Industries 0.15%
R Square 0.88 Finance 3.98% Construction 0.55%
Sharpe* 0.39 
Bajaj Finance 1.67% PNC Infratech 0.55%
Modified Duration£ 1.56 years Bajaj Finance - Equity Futures -1.03% Gas 0.52%
Muthoot Finance 1.48% Indraprastha Gas 0.52%
Average Maturity£ 1.87 years Muthoot Finance - Equity Futures -0.65% Pesticides 0.51%
Macaulay Duration£ 1.62 years Cholamandalam Invt and Fin Co 1.27% PI Industries 0.51%
SBI Cards and Payment Services 0.53% Leisure Services 0.40%
Yield to Maturity£ 4.26% Aavas Financiers 0.41% Burger King India 0.40%
Mas Financial Services 0.30% Retailing 0.33%
£
For debt allocation only Auto Ancillaries 3.03% Avenue Supermarts 0.33%
Portfolio Turnover Minda Industries 0.96% Power 0.21%
MRF 0.77% KEC International 0.21%
Equity 0.32 MRF - Equity Futures -0.78% Index -5.35%
Aggregate^ 3.89 Tube Investments of India 0.61% Nifty 50 Index - Equity Futures -5.35%
Endurance Technologies 0.60% Treasury Bill 15.30%
Total Expense Ratio Balkrishna Industries 0.48% 364 Days Tbill - 2021 SOV 4.24%
Regular 2.02% Balkrishna Industries - Equity Futures -0.48% 91 Days Tbill - 2021 SOV 2.83%
Jamna Auto Industries 0.45% 364 Days Tbill - 2021 SOV 1.98%
Direct 0.58% Sandhar Technologies 0.42% 182 Days Tbill - 2021 SOV 1.13%
Cement & Cement Products 3.03% 364 Days Tbill - 2021 SOV 1.13%
Benchmark: 50% S&P BSE 200 TRI + 50% NIFTY AAA JK Cement 1.24% 91 Days Tbill - 2021 SOV 0.85%
Short Duration Bond Index (w.e.f. Nov. 11, 2019) UltraTech Cement 1.15% 182 Days Tbill - 2021 SOV 0.85%
SIP (Minimum Amount): ` 100/- (Minimum 6 Ambuja Cements 0.64% 91 Days Tbill - 2021 SOV 0.57%
instalments) Pharmaceuticals 2.73% 364 Days Tbill - 2021 SOV 0.57%

Divi's Laboratories 2.40% 364 Days Tbill - 2021 SOV 0.57%
SIP Frequency: Monthly Divi's Laboratories - Equity Futures -1.06% 364 Days Tbill - 2021 SOV 0.28%
SIP Dates (Monthly): Investor may choose any day Aurobindo Pharma 1.45% 364 Days Tbill - 2021 SOV 0.28%
Cipla 1.43% Government Bond 9.04%
of the month except 29th, 30th and 31st as the Cipla - Equity Futures -1.44% 5.22% - 2025 G-Sec SOV 2.81%
date of instalment. Alkem Laboratories 0.59% 7.17% - 2028 G-Sec SOV 2.74%
Investment Objective: Refer Pg No from 66 to 67 Alkem Laboratories - Equity Futures -0.13% 7.27% - 2026 G-Sec SOV 2.10%
Gland Pharma 0.42% 5.15% - 2025 G-Sec SOV 1.39%
Minimum Investment Amount : ` 5,000/- and any Dr. Reddy's Laboratories 0.39% Corporate Bond 3.54%
amount thereafter Dr. Reddy's Laboratories - Equity Futures -0.39% Power Finance Corporation AAA 1.47%
IPCA Laboratories 0.28% NABARD AAA 1.17%
Option Available: Growth, IDCW@ (Payout, Aurobindo Pharma - Equity Futures -1.21% REC AAA 0.88%
Reinvestment and Sweep (from Equity Schemes to Consumer Non Durables 2.64% NTPC AAA 0.02%
Debt Schemes only)) 
Hindustan Unilever 2.26% Commercial Paper 2.77%
Exit Load: In respect of each purchase of Units: Hindustan Unilever - Equity Futures -0.84% LIC Housing Finance A1+ 1.38%
Nestle India 1.22% HDFC A1+ 1.38%
- For 10% of investment: Nil Dabur India 0.61% Net Cash and Cash Equivalent 2.33%
Dabur India - Equity Futures -0.61% Grand Total 100.00%
- For remaining investment: 1% if redeemed/ switched Tata Consumer Products 0.32%
out within 1 year from the date of allotment (w.e.f. Tata Consumer Products - Equity Futures -0.33%
July 5, 2017) Petroleum Products 2.52%


SIP PERFORMANCE
Since
Regular Plan IDCW@ 12.36 Monthly SIP of ` 10,000 in IDFC Dynamic 1 Year 3 Years 5 Years Inception
Equity - Regular Plan - Growth Oct 10, 2014
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 7,80,000
Total Value as on March 31, 2021 (`) 1,36,440 4,31,941 7,70,475 10,48,915
Fund Returns (%) 26.51 12.21 9.95 8.99
Total Value of 50% S&P BSE 200 TRI + 50%
1,43,153 4,53,568 8,24,754 11,50,918
NIFTY AAA Short Duration Bond Index#
50% S&P BSE 200 TRI + 50% NIFTY AAA
37.85 15.62 12.69 11.81
Short Duration Bond Index Returns (%)#
Investors understand that their principal will be at
Moderately High risk Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 12,33,262
This product is suitable for investors who are Nifty 50 TRI (%)## 62.50 19.52 15.60 13.91
seeking*: Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load is not taken into
• To create wealth over long term. consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000
systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating
• Dynamic allocation towards equity, derivatives, return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the
debt and money market instruments. transactions. Data as on 31st March 2021
The equity exposure of the scheme’s portfolio will
be determined as follows:
PE Bands Equity Allocation 29.8%
30.0%
<12 90 - 100
20.0% 18.4%
12 - 16 75 - 90 8.8% 13.9% 9.2%
7.5%
16 - 19 65 - 75 10.0% 5.9% 6.5% 8.9% 6.8% 5.0% 6.2% 4.7%
5.2%
3.1% 5.0% 4.7% 3.7% 3.6% 4.6%
1.8% 1.3% 2.0%
19 - 22 55 - 65 0.0%
22 - 26 40 - 55
Information
Cement / Building
Telecommunicati
Health Care
Financials
Auto
Staples
Industrials
Utilities
on Services
Commodities
Discretionary
Mat
Technology
Energy
Consumer
Consumer
>26 30 - 40
The balance will be invested in debt and money market
securities.
Bloomberg Nifty P/E data as of 31st March 2021 Large Cap 72.24%
indicates a value of 34.2 and equity band for the
month of April will continue to be 30-40%. Mid Cap 17.61%
Small Cap 10.16%
Performance Table
Oct 10, 2014 Oct 10, 2014
IDFC Dynamic Equity Fund 37.37% 8.96% 9.13% 7.86% 13,737 12,950 15,485 16,320
50% S&P BSE 200 TRI + 50% NIFTY
43.18% 11.71% 12.46% 10.78% 14,318 13,959 17,994 19,408
AAA Short Duration Bond Index#
Nifty 50 TRI## 72.54% 14.58% 15.12% 11.47% 17,254 15,064 20,228 20,205
The portfolio will be rebalanced within the first three working days of the next month.
#
The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017. @Income Distribution and Capital Withdrawal
31
IDFC Hybrid Equity Fund
An open ended hybrid scheme investing predominantly in equity and equity related instruments
31st March 2021

About the Fund: IDFC Hybrid Equity Fund
Equity and Equity related Instruments 80.34% Bata India 1.06%
provides a combination of equity (between 65%
Banks 17.68% Titan Company 0.93%
and 80%) and debt (between 20% and 35%) so 
ICICI Bank 7.37% Auto Ancillaries 1.84%
as to provide both relative stability of returns and 
HDFC Bank 5.57% MRF 1.84%
potential of growth. Both equity and fixed income Axis Bank 2.26% Petroleum Products 1.61%
portions are actively managed. State Bank of India 1.48% Reliance Industries 1.61%
Category: Aggressive Hybrid City Union Bank 1.01% Power 1.40%
Software 11.51% Kalpataru Power Transmission 1.40%
Monthly Avg AUM: ` 510.55 Crores 
Infosys 6.55% Leisure Services 1.39%

HCL Technologies 3.52% EIH 1.39%
Mastek 1.45% Retailing 1.26%
Inception Date: 30 December 2016 Consumer Non Durables 11.16% Avenue Supermarts 1.26%

Tata Consumer Products 4.01% Industrial Products 1.18%
Fund Manager@: Equity Portion: Mr. Anoop Nestle India 2.29% EPL 1.18%
Bhaskar Debt Portion: Mr. Anurag Mittal Radico Khaitan 2.08% Aerospace & Defense 0.97%
Other Parameter: Marico 1.65% Bharat Electronics 0.97%
ITC 1.13% Pesticides 0.80%
Beta 1.11 Pharmaceuticals 10.23% Heranba Industries 0.80%
R Square 0.95

Laurus Labs 3.32% Corporate Bond 10.59%
Sharpe* 0.24 IPCA Laboratories 2.00% HDFC AAA 6.05%
Sun Pharmaceutical Industries 1.78% LIC Housing Finance AAA 2.61%
Modified Duration£ 2.09 years Gland Pharma 1.64% Power Finance Corporation AAA 1.09%
Average Maturity£ 2.47 years Cipla 1.49% NABARD AAA 0.63%
Macaulay Duration£ 2.16 years Construction Project 4.17% L&T Finance AAA 0.20%
Yield to Maturity£ 4.93% 
Larsen & Toubro 4.17% Government Bond 6.98%
£
For debt allocation only Auto 3.99% 7.32% - 2024 G-Sec SOV 4.22%
Portfolio Turnover 
Tata Motors 2.44% 6.79% - 2027 G-Sec SOV 1.23%
Equity 0.28 Mahindra & Mahindra 1.55% 8.24% - 2027 G-Sec SOV 1.09%
Aggregate^ 0.64 Chemicals 3.67% 7.17% - 2028 G-Sec SOV 0.42%

Deepak Nitrite 3.67% 6.84% - 2022 G-Sec SOV 0.03%
Total Expense Ratio Telecom - Services 2.94% State Government Bond 0.36%
Regular 2.46% 
Bharti Airtel 2.94% 8.68% Tamil Nadu SDL - 2021 SOV 0.28%
Direct 1.17% Cement & Cement Products 2.54% 9.13% Gujarat SDL - 2022 SOV 0.08%
Benchmark: 65% S&P BSE 200 TRI + 35% NIFTY UltraTech Cement 1.32% Net Cash and Cash Equivalent 1.73%
AAA Short Duration Bond Index The Ramco Cements 1.23% Grand Total 100.00%
(with effect from November 11, 2019) Consumer Durables 1.99%

instalments)
SIP Date (Monthly): Investor may choose any day
of the month except 29th, 30th and 31st as the
date of instalment.
SIP PERFORMANCE
amount thereafter
Option Available: Growth & IDCW (Payout, @ Monthly SIP of ` 10,000 in IDFC Hybrid Since
1 Year 3 Years 5 Years Inception
Reinvestment & Sweep facility) Equity Fund - Regular Plan - Growth Dec 30, 2016
Exit Load: 10% of investment: Nil Total Amount Invested (`) 1,20,000 3,60,000 NA 5,20,000
Remaining investment: 1% if redeemed/switched Total Value as on March 31, 2021 (`) 1,50,344 4,48,620 NA 6,55,188
out within 1 year from the date of allotment Fund Returns (%) 50.31 14.85 NA 10.66
1,48,283 4,63,815 NA 7,05,578
NAV (`) as on March 31, 2021 NIFTY AAA Short Duration Bond Index#
Regular Plan Growth 14.13 65% S&P BSE 200 TRI + 35% NIFTY AAA
46.71 17.19 NA 14.15
Short Duration Bond Index Returns (%)#
Regular Plan IDCW¥ 12.80
Total Value of Nifty 50 TRI## 1,57,215 4,79,258 NA 7,36,433
Nifty 50 TRI (%)## 62.50 19.52 NA 16.18
Past performance may or may not be sustained in future. IDCW¥ are assumed to be reinvested and bonus is adjusted. Load is not taken into
consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000
systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating
return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the
transactions. Data as on 31st March 2021
INDUSTRY ALLOCATION
Banks 17.68% Consumer Durables 1.99%
This product is suitable for investors who are Auto Ancillaries 1.84%
seeking*: Software 11.51%
Consumer Non Durables 11.16% Petroleum Products 1.61%
• To create wealth over long term. Power 1.40%
• Investment predominantly in equity and equity Construction Project 4.17% Leisure Services 1.39%
related securities and balance exposure in debt Retailing 1.26%
and money market instruments. Auto 3.99%
Industrial Products 1.18%
Chemicals 3.67%
*Investors should consult their financial advisers Aerospace & Defense 0.97%
if in doubt about whether the product is suitable Telecom - Services 2.94%
Pesticides 0.80%
for them. Cement & Cement Products 2.54%
Performance Table
Dec 30, 2016 Dec 30, 2016
IDFC Hybrid Equity Fund$ 56.65% 7.81% NA 8.47% 15,665 12,540 NA 14,130
65% S&P BSE 200 TRI + 35% NIFTY 53.18% 12.40% NA 13.84% 15,318 14,220 NA 17,354
AAA Short Duration Bond Index#
Nifty 50 TRI## 72.54% 14.58% NA 16.18% 17,254 15,064 NA 18,918
The portfolio shall be rebalanced on the first business day of every month.
#
$
The fund has been repositioned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018.
@
Mr. Suyash Choudhary no longer manages the debt portion of the fund. For details please refer Notice (https://www.idfcmf.com/uploads/201120181124Change-in-the-Fund-Manager-for-the-
Debt-Portion-of-IDFC-Hybrid-Equity-Fund.pdf ) ¥Income Distribution and Capital Withdrawal
32
IDFC Regular Savings Fund
An open ended hybrid scheme investing predominantly in debt instruments
31st March 2021
About the Fund: IDFC Regular Savings Fund is a Name Rating % of NAV Name Rating % of NAV
hybrid fund which offers up to 25% participation in Corporate Bond 30.34% Consumer Non Durables 2.41%
the equity markets with the balance invested in fixed HDFC AAA 11.36% 
Hindustan Unilever 0.77%
income. The Equity portfolio of the fund is an actively
NABARD AAA 6.19% 
ITC 0.76%
managed all cap portfolio. The Fixed Income portfolio
is also actively managed with a mix of debt and money REC AAA 4.99% Asian Paints 0.45%
market instruments. Power Finance Corporation AAA 4.78% Nestle India 0.25%
Category: Conservative Hybrid LIC Housing Finance AAA 1.60% Britannia Industries 0.18%
Monthly Avg AUM: ` 179.41 Crores Small Industries Dev Bank of India AAA 0.75% Finance 1.95%
Month end AUM: ` 179.59 Crores UltraTech Cement AAA 0.67% 
HDFC 1.43%
Inception Date: 25 February 2010 Government Bond 14.83% Bajaj Finance 0.52%
Fund Manager: Equity Portion: Mr. Sumit Agrawal 7.27% - 2026 G-Sec SOV 8.82% Petroleum Products 1.90%
(w.e.f. 20th October 2016) 8.33% - 2026 G-Sec SOV 3.06% 
Debt Portion: Mr. Anurag Mittal (w.e.f. 09th November 7.32% - 2024 G-Sec SOV 2.96% Construction Project 0.69%
2015) Exchange Traded Funds 6.00% 
Larsen & Toubro 0.69%
Other Parameter: IDFC Nifty ETF 6.00% Auto 0.54%
Standard Deviation (Annualized) 4.24% State Government Bond 6.00% Maruti Suzuki India 0.29%
Modified Duration£ 1.65 years 8.07% Gujrat SDL - 2025 SOV 6.00% Mahindra & Mahindra 0.24%
Average Maturity £
1.96 years Zero Coupon Bond 1.26% Telecom - Services 0.49%
Macaulay Duration£ 1.71 years
Sundaram Finance AAA 1.26% Bharti Airtel 0.49%
Yield to Maturity£ 4.66%
Equity 17.88% Pharmaceuticals 0.48%
£
For debt allocation only
Banks 5.09% Dr. Reddy's Laboratories 0.18%
Monthly income is not assured and is subject to 
HDFC Bank 1.87% Cipla 0.16%
availability of distributable surplus

ICICI Bank 1.29% Divi's Laboratories 0.15%
Total Expense Ratio
Regular 2.18%

Kotak Mahindra Bank 0.82% Cement & Cement Products 0.25%
Direct 1.21% Axis Bank 0.65% UltraTech Cement 0.25%
Benchmark: 15% S&P BSE 200 TRI + 85% NIFTY AAA State Bank of India 0.45% Consumer Durables 0.21%
Short Duration Bond Index Software 3.87% Titan Company 0.21%
(with effect from November 11, 2019) 
Infosys 1.99% Net Cash and Cash Equivalent 23.69%
Tata Consultancy Services 1.05% Grand Total 100.00%
instalments)
HCL Technologies 0.43% 
Tech Mahindra 0.23%
SIP Dates (Monthly): Investor may choose any day of Wipro 0.17%
instalment.
Asset Quality
amount thereafter
Option Available: Growth & IDCW@ Option - Payout,
Reinvestment & Sweep facility and Quarterly &
Regular.
Exit Load: In respect of each purchase of Units:
- For 10% of investment : Nil
- For remaining investment: 1% if redeemed/switched-
out within 365 days from the date of allotment (w.e.f.
24th August 2017)

Regular Plan Quarterly IDCW@ 13.3309
SIP PERFORMANCE
Regular Savings Fund - Regular Plan 1 Year 3 Years 5 Years 7 Years 10 Years Inception
- Growth Feb 25, 2010
Fund Returns (%) 12.16 7.86 6.87 7.17 8.10 8.18
1,30,209 4,26,182 7,69,659 11,80,018 19,83,937 23,41,815
Investors understand that their principal will be at NIFTY AAA Short Duration Bond Index#
Moderate risk
15% S&P BSE 200 TRI + 85% NIFTY AAA
This product is suitable for investors who are 16.26 11.29 9.91 9.55 9.71 9.59
Short Duration Bond Index Returns (%)
seeking*:
• To provide regular income and capital Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 7,15,626 10,92,225 17,58,320 20,44,986
appreciation over medium to long term. CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 7.39 7.42 7.31
• Investment predominantly in debt and money
market instruments and balance exposure in Past performance may or may not be sustained in future. IDCW@ are assumed to be reinvested and bonus is adjusted. Load
equity and equity related securities. is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown
*Investors should consult their financial advisers if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are
if in doubt about whether the product is suitable calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series
for them. of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st March 2021
Performance Table
Feb 25, 2010 Feb 25, 2010
IDFC Regular Savings Fund 15.52% 6.72% 7.56% 8.47% 11,552 12,162 14,397 24,657
15% S&P BSE 200 TRI + 85% NIFTY 19.59% 9.73% 9.72% 9.11% 11,959 13,225 15,906 26,325
AAA Short Duration Bond Index
CRISIL 10 Year Gilt Index## 3.60% 8.24% 7.17% 6.81% 10,360 12,693 14,141 20,777
Performance based on NAV as on 31/03/2021.
Past performance may or may not be sustained in future.
#
33
IDFC Asset Allocation Fund of Funds
An open ended fund of fund scheme investing in schemes of IDFC Mutual Fund - equity funds and
debt funds excluding Gold ETF.
31st March 2021
FUND FEATURES FUND FEATURES FUND FEATURES
IDFC Asset Allocation Fund - IDFC Asset Allocation Fund - IDFC Asset Allocation Fund -
Conservative Plan Moderate Plan Aggressive Plan
Category: Fund of Funds (Domestic) Category: Fund of Funds (Domestic) Category: Fund of Funds (Domestic)
Monthly Avg AUM: ` 8.59 Crores Monthly Avg AUM: ` 16.81 Crores Monthly Avg AUM: ` 13.08 Crores
Month end AUM: ` 8.59 Crores Month end AUM: ` 16.61 Crores Month end AUM: ` 12.99 Crores
Inception Date: 11 February 2010 Inception Date: 11 February 2010 Inception Date: 11 February 2010
Fund Manager: Mr. Arpit Kapoor Fund Manager: Mr. Arpit Kapoor Fund Manager: Mr. Arpit Kapoor
(w.e.f. April 18, 2018) (w.e.f. April 18, 2018) (w.e.f. April 18, 2018)
Total Expense Ratio Total Expense Ratio Total Expense Ratio
Regular 0.83% Regular 0.98% Regular 1.29%
Direct 0.14% Direct 0.37% Direct 0.39%
Benchmark: 15% S&P BSE 200 TRI + 80% CRISIL Benchmark: 40% S&P BSE 200 TRI + 55% CRISIL Benchmark: 65% S&P BSE 200 TRI + 30% CRISIL
Short Term Index + 5% Gold Prices (w.e.f. May 28, Short Term Index + 5% Gold Prices (w.e.f. May 28, Short Term Index + 5% Gold Prices (w.e.f. May 28,
2018) 2018) 2018)
SIP (Minimum Amount) : `1,000/- SIP (Minimum Amount) : `1,000/- SIP (Minimum Amount) : `1,000/-
SIP Frequency : Monthly SIP Frequency : Monthly SIP Frequency : Monthly
SIP Dates (Monthly) Investor may choose any day SIP Dates (Monthly) Investor may choose any day SIP Dates (Monthly) Investor may choose any day
of the month except 29th, 30th and 31st as the date of the month except 29th, 30th and 31st as the date of the month except 29th, 30th and 31st as the date
of instalment. of instalment. of instalment.
Investment Objective: Refer Pg No from 66 to 67 Investment Objective: Refer Pg No from 66 to 67 Investment Objective: Refer Pg No from 66 to 67
Minimum Investment Amount : ` 5,000/- and any Minimum Investment Amount : ` 5,000/- and any Minimum Investment Amount : ` 5,000/- and any
amount thereafter amount thereafter amount thereafter
Option Available : Growth, IDCW@ - (Payout, Option Available : Growth, IDCW@ - (Payout, Option Available : Growth, IDCW@ - (Payout,
Reinvestment and Sweep) Reinvestment and Sweep) Reinvestment and Sweep)
Exit Load: If redeemed/switched out within 365 days Exit Load: If redeemed/switched out within 365 days Exit Load: If redeemed/switched out within 365 days
from the date of allotment: from the date of allotment: from the date of allotment:
Upto 10% of investment:Nil, Upto 10% of investment:Nil, Upto 10% of investment:Nil,
For remaining investment: 1% of applicable NAV. For remaining investment: 1% of applicable NAV. For remaining investment: 1% of applicable NAV.
If redeemed / switched out after 365 days from date If redeemed / switched out after 365 days from date If redeemed / switched out after 365 days from date
of allotment: Nil. (w.e.f. May 08, 2020) of allotment: Nil. (w.e.f. May 08, 2020) of allotment: Nil. (w.e.f. May 08, 2020)
NAV (`) as on March 31, 2021 NAV (`) as on March 31, 2021 NAV (`) as on March 31, 2021
Regular Plan Growth 24.3410 Regular Plan Growth 26.1314 Regular Plan Growth 27.1321
Regular Plan IDCW@ 15.5207 Regular Plan IDCW@ 17.4064 Regular Plan IDCW@ 18.4185
Investors understand that their principal will be at Moderate risk Investors understand that their principal will be at Investors understand that their principal will be at High risk
Moderately High risk
This product is suitable for investors who are This product is suitable for investors who are This product is suitable for investors who are
seeking*: seeking*: seeking*:
• To generate capital appreciation and income • To generate capital appreciation and income • To generate capital appreciation and income
over long term. over long term. over long term.
• Investment in different IDFC Mutual Fund • Investment in different IDFC Mutual Fund • Investment in different IDFC Mutual Fund
schemes based on a defined asset allocation schemes based on a defined asset allocation schemes based on a defined asset allocation
model. model. model.
*Investors should consult their financial advisers *Investors should consult their financial advisers *Investors should consult their financial advisers
if in doubt about whether the product is suitable if in doubt about whether the product is suitable if in doubt about whether the product is suitable
for them. for them. for them.
PORTFOLIO FUND FEATURES
Conservative Moderate Aggressive Standard Allocation % to net assets

Name
Plan Plan Plan
Conservative Moderate Aggressive
TRI Party Repo Total 3.96% 1.29% 2.25% Particulars
Plan Plan Plan
Clearing Corporation of India 3.96% 1.29% 2.25%
Debt 73.46% 55.68% 26.11% Equity Funds (including
10-30% 25-55% 40-80%
IDFC Low Duration Fund 50.80% 15.73% 17.16% Offshore equity)
IDFC Bond Fund -Short Term Plan 20.88% 39.49% 2.26% Debt Funds and/or
IDFC Cash Fund 1.77% 0.45% 6.70% Arbitrage funds (including 35-90% 10-75% 0-40%
Equity 22.72% 43.55% 71.82% Liquid fund)
IDFC Focused Equity Fund 5.64% 8.02% 10.72%
Alternate (including Gold/
IDFC Large Cap Fund 17.08% 26.04% 48.40% 0-30% 0-30% 0-30%
Commodity based funds)
IDFC Emerging Businesses Fund - 9.49% 12.69%
Net Current Asset -0.13% -0.52% -0.17% Debt and Money Market
0-5% 0-5% 0-5%
Grand Total 100.00% 100.00% 100.00% Securities
(w.e.f. 28 May, 2018)
34
IDFC Asset Allocation Fund of Funds
An Open Ended Fund of Funds Scheme
31st March 2021
Performance Table
1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
IDFC Asset Allocation Fund - CP*^ 15.03% 6.67% 7.78% 8.31% 11,503 12,147 14,550 24,341
15% S&P BSE 200 TRI + 80% CRISIL Short Term Index
15.61% 10.33% 10.05% 9.19% 11,561 13,446 16,146 26,640
+ 5% Gold Prices#$
*Since Inception Regular Plan - Growth Feb 11, 2010.
Performance Table
IDFC Asset Allocation Fund - MP*^ 26.81% 6.54% 8.31% 9.01% 12,681 12,101 14,905 26,131
40% S&P BSE 200 TRI + 55% CRISIL Short Term Index 28.23% 11.01% 10.46% 9.37% 12,823 13,695 16,446 27,134
+ 5% Gold Prices#$
*Since Inception Regular Plan - Growth Feb 11, 2010.
Performance Table
IDFC Asset Allocation Fund - AP *^
46.74% 6.37% 9.05% 9.37% 14,674 12,044 15,424 27,132
65% S&P BSE 200 TRI + 30% CRISIL Short Term Index 40.08% 12.62% 13.45% 11.15% 14,008 14,302 18,804 32,474
+ 5% Gold Prices#$
Nifty 50 TRI## 72.54% 14.58% 15.12% 11.86% 17,254 15,064 20,228 34,838
For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages.
#
*Inception Date of Regular Plan - Growth Feb 11, 2010.
^The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of IDFC Mutual Funds.
$
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of CRISIL Hybrid 85+15 Conservative Index (Benchmark for IDFC Asset
Allocation Fund- Conservative Plan and IDFC Asset Allocation Fund- Moderate Plan) and CRISIL Hybrid 35+65 - Aggressive Index
(Benchmark for IDFC Asset Allocation Fund – Aggressive Plan). @Income Distribution and Capital Withdrawal
35
IDFC All Season Bond Fund Core Bucket
An open ended fund of fund scheme investing in debt oriented mutual fund schemes (including liquid and
money market schemes) of IDFC Mutual Fund
31st March 2021
About the Fund: All Seasons Bond Fund is a Fund Name % of NAV
of Fund (FOF) structure which can invest in one or
more funds within our basket of short term offerings Mutual Fund Units 99.11%
currently. The portfolio gives the fund manager the
flexibility to play between debt and money market, IDFC Banking & PSU Debt Fund 61.86%
benefiting from the accrual available in its space
IDFC Bond Fund - Short Term Plan 30.69%
and optimizing the portfolio yields.
IDFC Corporate Bond Fund 6.57%
Category: Fund of Funds (Domestic)
Net Cash and Cash Equivalent 0.89%
Monthly Avg AUM: ` 153.76 Crores Grand Total 100.00%
Inception Date: 13 September 2004
Fund Manager:
Mr. Harshal Joshi (w.e.f 15th July 2016)
Other Parameter:
Modified Duration 1.80 years
Average Maturity 2.06 years
Macaulay Duration 1.88 years
Yield to Maturity 4.81%
Total Expense Ratio $
Regular 0.49%
Direct 0.11%
Benchmark: NIFTY AAA Short Duration Bond

Index (w.e.f. 11th November 2019)
SIP (Minimum Amount): ` 1,000/-
SIP Dates (Monthly): Investor may choose any day

of the month except 29th, 30th and 31st as the date
of instalment.

amount thereafter
Option Available: Growth & IDCW@ Option - Daily Asset Quality

(Reinvest), Weekly (Reinvest), fortnightly, Quarterly,
Half yearly, Annual & Periodic (each with Payout,
Reinvestment & Sweep facility).
Exit Load: Nil (w.e.f. 11 November, 2020)

Plan Option Freq NAV
Regular Plan Growth - 34.2867
Regular Plan IDCW@ Quarterly 12.4251
Regular Plan IDCW@ Half Yearly 11.7391
Regular Plan IDCW@ Annual 13.2979
Regular Plan IDCW@ Fortnightly 11.4151
Regular Plan IDCW@ Daily 11.4063
Regular Plan IDCW@ Weekly 11.4170
Regular Plan IDCW@ Periodic 11.9869
Performance Table
IDFC All Seasons Bond Fund* 8.10% 8.57% 7.98% 7.73% 10,810 12,810 14,686 34,287
NIFTY AAA Short Duration 9.37% 8.66% 8.33% 8.12% 10,937 12,842 14,924 36,395
Bond Index#
Investors understand that their principal will be at Moderate risk
This product is suitable for investors who are Performance based on NAV as on 31/03/2021. Past performance may or may not be sustained in future.
seeking*: The performances given are of regular plan growth option.
• To generate short to medium ter optimal Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
returns. distribution expenses, commission expenses etc.
• Investment in debt oriented schemes of For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages.
IDFC Mutual Fund. #
*Investors should consult their financial advisers *Inception Date of Regular Plan - Growth Sep 13, 2004.
if in doubt about whether the product is suitable $
Investors may note that they will be bearing recurring expenses of the Scheme in addition to the expenses of the
for them. underlying schemes in which the Fund of Funds scheme invests. @Income Distribution and Capital Withdrawal
36
The importance of ‘FIRST PRINCIPLES’
when investing in DEBT MUTUAL FUNDS
Suyash Choudhary,
Head - Fixed Income
Identifying Risk in Debt Mutual Funds (MFs)
• Interest rate risk

Risk of loss owing to changes in interest rates. This risk is best captured by the duration of the fund.
• Credit risk
Risk of loss owing to change in credit profile of an issuer that leads either to a downgrade or default.’
Identifying own risk profile

Since mutual funds cannot guarantee returns, it is very important to appropriately identify one's own risk
profile while deciding where to invest. If one wants a risk profile that is the closest to a fixed deposit, one
has to choose a debt fund that controls both the interest rate and credit risk.
The First Principles Requirements from a Mutual Fund (MF)

Remember to look for one where majority of the investments are liquid; which means that the fund
manager should be able to sell them at least in ordinary market conditions.
Some False Premises

There are some false premises in debt fund investing that one should be aware of:
MFs can manage liquidity via exit loads

In many cases chiefly for credit risk funds, because a significant part of the portfolio consists of illiquid
securities, the fund manager relies on suitable exit loads to deter redemption. In some sense, some sort of
an asset liability management (ALM) framework is used. So asset maturity is in 'buckets' basis the exit load
periods of investors. Exit loads are no doubt a large detriment for redeeming from a mutual fund. However,
by no stretch of the imagination can they be relied upon as a sufficiently high detriment. As has already
been shown in the Indian market as well, if the investor concern is strong enough, she can pay exit load and
redeem.
Even AAA can default, so why bother?

Recent events have evoked this response in certain quarters. As an admittedly extreme analogy this
is somewhat akin to saying food can sometimes make you choke, so why eat! The probability of AAA
defaulting is negligible. This has been proved with data over multiple decades. This doesn’t mean it can
never happen. However, to use a once-in-a-blue moon default and paint a general principle is not advisable
at all. Also with some due diligence, the weaker AAA can be generally weeded out by the fund manager in
most cases.
Conclusions
The attempt here has been to highlight some first principles that will hopefully serve well when making
allocations to fixed income mutual funds. Some of the key takeaways are summarized below:
1. Investors should first be aware of individual risk profile. Assuming debt investments are first made for
conservatism, a majority of allocations should be to full AAA funds in the low duration / short term /
medium term / corporate bond / Banking PSU categories.
2. Credit is a risk just like interest rates are. It can lead to both positive as well as negative outcomes.
The key is to allocate to both credit and duration in the so-called ‘alpha’ bucket’ and not in the core debt
allocation bucket.
3. An open ended debt mutual fund should first and foremost fulfill the criterion that a majority of its
portfolio should have liquidity and price discovery via the open market. This enables seamless redemption
management, consistency in portfolio profile even with inflows and redemptions, and the discovery of NAV
that is largely accurate.
4. A lot of discussion on credit revolves around quality of manager and depth of research process. What is
equally important, however, is to ask this: Is the nature of risk being taken consistent with the vehicle being
used to take the risk? More specifically, are open ended mutual funds the appropriate vehicle to take on
such positions?
37
IDFC Overnight Fund fs
Liquidity Management
+m
A1 CARE
An open-ended Debt Scheme investing in overnight securities
by Bucket
31st March 2021
About the Fund: The fund aims to generate short Name % of NAV
term optimal returns in line with overnight rates.
Clearing Corporation of India Ltd 99.67%
Category: Overnight
TRI Party Repo Total 99.67%
Monthly Avg AUM: ` 1,598.82 Crores Net Current Asset 0.33%
Month end AUM: ` 1,419.89 Crores Grand Total 100.00%
Inception Date: 18 January 2019
Fund Manager:
Mr. Brijesh Shah (w.e.f. 1st February 2019)
Other Parameter:
Modified Duration 5 Days
Average Maturity 5 Days
Macaulay Duration 5 Days
Total Expense Ratio
Regular 0.19%
Direct 0.09%
Benchmark: Nifty 1D Rate Index

of instalment.

amount thereafter
Option Available: Growth, IDCW@ - Daily

(Reinvestment), Weekly (Reinvestment), Monthly
IDCW@ & Periodic (Reinvestment, Payout and
Sweep facility).
Exit Load: Nil. Asset Allocation Asset Quality

Regular Plan Growth - 1094.8991 NCA
0.33%
Regular Plan IDCW@ Monthly 1000.4246
TRI Party Repo

99.67%
Performance Table
IDFC Overnight Fund 2.89% NA NA 4.21% 10,289 NA NA 10,949
Nifty 1D Rate Index #
3.08% NA NA 4.37% 10,308 NA NA 10,988
Investors understand that their principal will be at Low risk CRISIL 1 Year T-Bill##
4.66% NA NA 6.29% 10,466 NA NA 11,437
This product is suitable for investors who are seeking*: The scheme has been in existence for more than 1 year but less than 3 years.
• To generate short term optimal returns in line with Performance based on NAV as on 31/03/2021. Past performance may or may not be sustained in future.
overnight rates and high liquidity. The performances given are of regular plan growth option.
• To invest in money market and debt instruments, with Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
maturity of 1 day.
distribution expenses, commission expenses etc.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them. For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages. #Benchmark
Returns. ##Alternate Benchmark Returns.
*Inception Date of Regular Plan - Growth Jan 18, 2019. @Income Distribution and Capital Withdrawal
38
IDFC Cash Fund Liquidity Management Bucket
An Open Ended Liquid Fund
31st March 2021

About the Fund: The Fund aims to invest in high Name Rating % of NAV Name Rating % of NAV
quality debt and money market instruments with Treasury Bill 39.82% Hindustan Petroleum Corporation A1+ 1.22%
high liquidity and seeks to generate accrual income
with low volatility. 364 Days Tbill - 2021 SOV 20.00% Zero Coupon Bond 2.72%
91 Days Tbill - 2021 SOV 14.31% HDB Financial Services AAA 1.81%
Category: Liquid
182 Days Tbill - 2021 SOV 5.51% Kotak Mahindra Investments AAA 0.67%
Monthly Avg AUM: ` 9,535.33 Crores Commercial Paper 39.08% Bajaj Housing Finance AAA 0.24%
Reliance Industries A1+ 9.16% Corporate Bond 1.05%
NABARD A1+ 8.55% LIC Housing Finance AAA 0.62%
Inception Date: 2 July 2001 Reliance Retail Ventures A1+ 6.70% HDB Financial Services AAA 0.43%
Bajaj Finance A1+ 6.11% Certificate of Deposit 0.92%
Fund Manager:
Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Export Import Bank of India A1+ 3.05% Axis Bank A1+ 0.61%
Anurag Mittal (w.e.f. 09th November 2015) ICICI Securities A1+ 1.83% NABARD A1+ 0.31%
Other Parameter: LIC Housing Finance A1+ 1.22% Net Cash and Cash Equivalent 16.43%
NTPC A1+ 1.22% Grand Total 100.00%
Modified Duration 48 Days
Average Maturity 50 Days
Total Expense Ratio
Regular 0.20%
Direct 0.15%
Benchmark: CRISIL Liquid Fund Index

of instalment.
Minimum Investment Amount: ` 100/- and any

amount thereafter
Option Available: Growth & IDCW@ Option - Daily

(Reinvest), Weekly (Reinvest), Monthly (Payout,
Reinvest and Sweep), Periodic (Payout, Reinvest
and Sweep).
Exit Load* Asset Allocation Asset Quality

Investor exit upon Exit load as a % of
subscription redemption proceeds Corporate
Bond
Day 1 0.0070% Zero Coupon 1.05% Certificate
Bond of Deposit
Day 2 0.0065% 2.72% 0.92%
Day 3 0.0060% NCA

16.43%
Day 4 0.0055%
Day 5 0.0050% Treasury Bill
39.82%
Day 6 0.0045%
Day 7 onwards 0.0000%
*With effect from October 20, 2019

Commercial Paper
Regular Plan Growth - 2473.4772 39.08%
Performance Table
IDFC Cash Fund* 3.45% 5.55% 6.11% 7.31% 10,345 11,759 13,451 24,735
CRISIL Liquid Fund Index# 4.07% 6.01% 6.40% 7.20% 10,407 11,916 13,638 24,388
Investors understand that their principal will be at Low to
Moderate risk Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
This product is suitable for investors who are seeking*: The performances given are of regular plan growth option.
• To generate short term optimal returns with stability and Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
high liquidity. distribution expenses, commission expenses etc.
• Investments in money market and debt instruments, with For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
maturity up to 91 days. #
Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
of monthly data
*Inception Date of Regular Plan - Growth Jun 04, 2008. @Income Distribution and Capital Withdrawal
39
IDFC Ultra Short Term Fund Core Bucket
A
An open-ended ultra-short term debt scheme investing in instruments such that the AA
INDmfs H
Macaulay duration of the portfolio is between 3 to 6 months F ITC
by
31st March 2021

About the Fund: The Fund aims to invest in high quality Name Rating % of NAV Name Rating % of NAV
debt and money market instruments with Macaulay
Duration of 3 to 6 months and seeks to generate stable Commercial Paper 26.12% Certificate of Deposit 9.78%
returns with a low risk strategy. Kotak Mahindra Investments A1+ 7.87% Axis Bank A1+ 7.86%
LIC Housing Finance A1+ 7.36% NABARD A1+ 1.93%
Category: Ultra Short Duration
Indian Oil Corporation A1+ 4.96% State Government Bond 6.01%
Monthly Avg AUM: ` 4,626.48 Crores HDFC A1+ 3.95% 6.92% MAHARASTRA SDL - 2022 SOV 2.24%
Month end AUM: ` 5,019.95 Crores NABARD A1+ 1.98% 8.38% Karnataka SDL - 2022 SOV 1.79%
Inception Date: 18th July 2018 Corporate Bond 16.79% 8.31% Karnataka SDL - 2022 SOV 1.16%
Fund Manager: Mr. Harshal Joshi Small Industries Dev Bank of India AAA 4.85% 7.9% CHHATISGARH SDL - 2021 SOV 0.31%
(w.e.f. 18th July 2018) LIC Housing Finance AAA 2.95% 8.84% Gujrat SDL - 2022 SOV 0.11%
NABARD AAA 2.33% 8.90% Andhra pradesh SDL - 2022 SOV 0.10%
Other Parameter:
REC AAA 1.90% 8.79% Maharashtra SDL - 2021 SOV 0.10%
HDFC AAA 1.50% 7.03% Gujarat SDL - 2021 SOV 0.10%
Modified Duration 115 Days Power Finance Corporation AAA 1.33% 7.55% Odisha SDL - 2021 SOV 0.10%
Average Maturity 122 Days HDB Financial Services AAA 1.12% Government Bond 4.71%
Macaulay Duration 119 Days Sundaram Finance AAA 0.60% 7.94% - 2021 G-Sec SOV 4.71%
Indian Railway Finance Corporation AAA 0.11% Floating Rate Note 1.99%
Reliance Industries AAA 0.10% Axis Bank A1+ 1.99%
Total Expense Ratio Treasury Bill 9.83% Net Cash and Cash Equivalent 24.77%
Regular 0.42% 364 Days Tbill - 2021 SOV 7.94% Grand Total 100.00%
Direct 0.26% 91 Days Tbill - 2021 SOV 1.89%
Benchmark: NIFTY Ultra Short Duration Debt Index (01
February 2019)
instalment.
Minimum Investment Amount: `100/- and any amount
thereafter
(Reinvestment), Weekly (Reinvestment), Monthly ,
Quarterly & Periodic (each with Reinvestment, Payout
and Sweep facility).
Exit Load: Nil

Asset Allocation Asset Quality
Government
Bond Floating Rate
State 4.71% Note
Government 1.99%
Bond
6.01% Commercial Paper
Certificate of 26.12%
Deposit
9.78%
Treasury Bill
9.83%
NCA
24.77%
Corporate Bond
16.79%
Performance Table
Since Since
Inception Inception
IDFC Ultra Short Term Fund 4.79% NA NA 6.71% 10,479 NA NA 11,919
NIFTY Ultra Short Duration Debt 4.91% NA NA 6.69% 10,491 NA NA 11,913
Index#
Investors understand that their principal will be at Low CRISIL 1 Year T-Bill ##
4.66% NA NA 6.69% 10,466 NA NA 11,915
to Moderate risk
This product is suitable for investors who are Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
• To generate returns over short-term investment Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
horizon with a low risk strategy distribution expenses, commission expenses etc.
To invest in debt and money market instruments For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
*Investors should consult their financial advisers #
Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of
if in doubt about whether the product is suitable monthly data
for them. *
Inception Date of Regular Plan - Growth July 18, 2018. @Income Distribution and Capital Withdrawal
40
IDFC Low Duration Fund
An open ended low duration debt scheme investing in instruments such that
Core Bucket
the Macaulay duration of the portfolio is between 6 months and 12 months
31st March 2021
About the Fund: The Fund aims to invest in high Name Rating % of NAV
quality debt and money market instruments with Corporate Bond 33.80%
Macaulay Duration of 6 to 12 months and seeks to HDFC AAA 7.87%
LIC Housing Finance AAA 6.62%
generate relatively stable returns with a low risk Power Finance Corporation AAA 4.13%
strategy. REC AAA 4.03%
Larsen & Toubro AAA 2.55%
Category: Low Duration UltraTech Cement AAA 2.17%
Bajaj Finance AAA 1.72%
Monthly Avg AUM: ` 6,334.08 Crores Kotak Mahindra Prime AAA 1.46%
Reliance Industries AAA 1.10%
NABARD AAA 0.90%
Month end AUM: ` 6,881.15 Crores HDB Financial Services AAA 0.77%
Grasim Industries AAA 0.45%
Inception Date: 17 January 2006 Small Industries Dev Bank of India AAA 0.01%
Certificate of Deposit 15.93%
Fund Manager: Axis Bank A1+ 8.99%
Mr. Anurag Mittal (w.e.f. 09th November 2015) Bank of Baroda A1+ 3.98%
NABARD A1+ 2.96%
Other Parameter: Commercial Paper 13.64%
NABARD A1+ 5.05%
Export Import Bank of India A1+ 3.93%
Standard Deviation (Annualized) 1.18% Kotak Mahindra Prime A1+ 2.71%
Kotak Mahindra Investments A1+ 1.96%
Modified Duration 291 Days Government Bond 10.87%
8.79% - 2021 G-Sec SOV 6.45%
Average Maturity 319 Days 7.16% - 2023 G-Sec SOV 2.37%
7.32% - 2024 G-Sec SOV 0.77%
Macaulay Duration 303 Days 7.68% - 2023 G-Sec SOV 0.39%
7.37% - 2023 G-Sec SOV 0.38%
Yield to Maturity 4.03% 6.18% - 2024 G-Sec SOV 0.37%
8.33% - 2026 G-Sec SOV 0.08%
7.94% - 2021 G-Sec SOV 0.02%
Total Expense Ratio 7.17% - 2028 G-Sec SOV 0.02%
6.84% - 2022 G-Sec SOV 0.02%
Regular 0.52% State Government Bond 1.73%
8.90% TAMILNADU SDL - 2022 SOV 0.46%
Direct 0.30% 8.48% Karnataka SDL - 2022 SOV 0.46%
8.38% Haryana SDL - 2026 SOV 0.24%
Benchmark: NIFTY Low Duration Debt Index 8.79% Gujrat SDL - 2022 SOV 0.23%
8.05% Gujarat SDL - 2025 SOV 0.08%
(with effect from November 11, 2019) 8.99% Gujrat SDL - 2022 SOV 0.07%
9.20% Andhra Pradesh SDL - 2022 SOV 0.04%
SIP (Minimum Amount): ` 100/- 8.85% Maharashtra SDL - 2022 SOV 0.03%
8.86% Tamil Nadu SDL - 2022 SOV 0.03%
SIP Frequency: Monthly 8.92% Tamilnadu SDL - 2022 SOV 0.02%
9.23% Gujarat SDL - 2021 SOV 0.02%
SIP Dates (Monthly): Investor may choose any day 8.92% Tamil Nadu SDL - 2022 SOV 0.01%
of the month except 29th, 30th and 31st as the 8.75% Tamilnadu SDL - 2022 SOV 0.01%
date of instalment. 8.95% Maharashtra SDL - 2022 SOV 0.01%
Investment Objective: Refer Pg No from 66 to 67 8.56% Andhra Pradesh SDL - 2021 SOV 0.01%
8.59% Gujrat SDL - 2021 SOV 0.01%
Minimum Investment Amount: ` 100/- and any 8.84% Tamil Nadu SDL - 2022 SOV 0.004%
amount thereafter Zero Coupon Bond 1.71%
Option Available: Growth & IDCW@ Option- Kotak Mahindra Prime AAA 0.14%
Sundaram Finance AAA 0.07%
Daily (Reinvest), Weekly (Reinvest), Monthly, Floating Rate Note 1.45%
Quarterly & Periodic frequency (each with payout, Axis Bank A1+ 1.45%
reinvestment and sweep facility). Treasury Bill 0.36%
91 Days Tbill (MD 2021) SOV 0.36%
Exit Load: Nil (Since 29th June 2012) Grand Total 100.00%
Plan Option Freq NAV Asset Allocation Asset Quality
Zero Coupon Floating
Regular Plan IDCW@ Periodic 10.0423 Bond Rate Note
State 1.71% 1.45%
Regular Plan IDCW @
Weekly 10.1204 Government
Treasury Bill
Bond
0.36%
Regular Plan IDCW@ Monthly 10.1142 Government
1.73%
Bond
Regular Plan IDCW@ Quarterly 10.7887 10.87%
Commercial Paper Corporate Bond

13.64% 33.80%
Certificate of
Deposit
15.93% NCA
20.50%
Performance Table
Since Since
Inception Inception
IDFC Low Duration Fund*^ 5.87% 7.08% 7.33% 7.55% 10,587 12,289 14,243 30,244
Investors understand that their principal will be at Low to
Moderate risk NIFTY Low Duration Debt Index 5.91% 7.10% 7.22% 8.18% 10,591 12,294 14,176 33,071
This product is suitable for investors who are CRISIL 1 Year T-Bill## 4.66% 6.48% 6.50% 6.31% 10,466 12,082 13,706 25,372
seeking*: Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
• To generate short term optimal returns with The performances given are of regular plan growth option.
relative stability and high liquidity. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
• Investments in debt and money market For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
instruments such that the Macaulay duration of #
the portfolio is between 6 months- 12 months. monthly data
*Investors should consult their financial advisers *
Inception Date of Regular Plan - Growth Jan 17, 2006.
if in doubt about whether the product is suitable ^The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. May 28, 2018.
for them.
@
41
IDFC Money Manager Fund Core Bucket
An open ended debt scheme investing in money market instruments
31st March 2021
About the Fund: The Fund aims to invest only Name Rating % of NAV
in short maturity, highly rated debt and money Commercial Paper 35.32%
market instruments and seeks to generate returns
HDFC A1+ 7.96%
predominantly through accrual income.
LIC Housing Finance A1+ 7.19%
Category: Money Market Kotak Mahindra Prime A1+ 6.23%
Monthly Avg AUM: ` 2,886.44 Crores NABARD A1+ 5.64%
Kotak Mahindra Investments A1+ 5.09%
Reliance Industries A1+ 1.62%
Inception Date: 18 February 2003 Larsen & Toubro A1+ 1.61%
Fund Manager: Government Bond 30.46%
Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 8.79% - 2021 G-Sec SOV 21.16%
2017) 8.20% - 2022 G-Sec SOV 9.24%
Other Parameter: 7.8% - 2021 G-Sec SOV 0.07%
Certificate of Deposit 20.91%
Axis Bank A1+ 10.04%
Modified Duration 181 Days Small Industries Dev Bank of India A1+ 4.70%
Average Maturity 189 Days NABARD A1+ 4.59%
Bank of Baroda A1+ 1.58%
State Government Bond 1.68%
Yield to Maturity 3.71% 8.66% Andhra Pradesh SDL - 2021 SOV 1.65%
Total Expense Ratio 8.67% Andhra Pradesh SDL - 2021 SOV 0.03%
Regular 0.90%
Direct 0.22% Grand Total 100.00%
Benchmark: NIFTY Money Market Index

(w.e.f 11th November, 2019)

Minimum Investment Amount: ` 100/- and any

amount thereafter

(Reinvest), Weekly (Reinvest), Monthly (Payout,
Reinvestment and Sweep), Periodic (Payout,
Reinvestment and Sweep). Asset Allocation Asset Quality
Exit Load: Nil
State Government
NAV (`) as on March 31, 2021 Bond
NCA 1.68%
Plan Option Freq NAV 11.62%

Regular Plan IDCW@ Daily 10.0994 Certificate of Commercial
Deposit Paper
Regular Plan IDCW@ Weekly 10.1266 20.91% 35.32%
Government Bond
30.46%
Performance Table
Since Since
Inception Inception
IDFC Money Manager Fund*^ 4.47% 5.68% 6.15% 6.61% 10,447 11,809 13,477 31,902
NIFTY Money Market Index# 4.48% 6.25% 6.61% 7.38% 10,448 12,003 13,776 36,335
Investors understand that their principal will be at Low CRISIL 1 year T-Bill## 4.66% 6.48% 6.50% 6.05% 10,466 12,082 13,706 28,980
to Moderate risk
Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
This product is suitable for investors who are The performances given are of regular plan growth option.
seeking*: Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
• To generate short term optimal returns with distribution expenses, commission expenses etc.
relative stability and high liquidity. For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
• Investments predominantly in money market #
instruments. monthly data
*Investors should consult their financial advisers *
Inception Date of Regular Plan - Growth Feb 18, 2003.
if in doubt about whether the product is suitable ^The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
for them. @
42
IDFC Banking & PSU Debt Fund Core Bucket
An open ended debt scheme predominantly investing in debt instruments of banks,
Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
31st March 2021

About the Fund: The Fund will predominantly invest
in high quality money market and debt instruments Corporate Bond 80.54% 5.22% - 2025 G-Sec SOV 0.86%
of Banks, PSU and PFI. NABARD AAA 9.43% 6.18% - 2024 G-Sec SOV 0.35%
Power Finance Corporation AAA 7.89% 7.72% - 2025 G-Sec SOV 0.12%
Category: Banking and PSU Indian Railway Finance Corporation AAA 6.10% 8.13% - 2022 G-Sec SOV 0.12%
Monthly Avg AUM: ` 17,661.51 Crores REC AAA 5.95% 7.8% - 2021 G-Sec SOV 0.06%
HDFC AAA 5.94% Certificate of Deposit 2.94%
Month end AUM: ` 17,763.88 Crores Axis Bank AAA 5.70% Axis Bank A1+ 2.03%
Hindustan Petroleum Corporation AAA 5.38% Export Import Bank of India A1+ 0.76%
Inception Date: 7 March 2013
LIC Housing Finance AAA 5.14% Bank of Baroda A1+ 0.14%
Fund Manager: National Highways Auth of Ind AAA 5.05% Commercial Paper 0.84%
Mr. Anurag Mittal (w.e.f. 15th May 2017) Small Industries Dev Bank of India AAA 4.66% Export Import Bank of India A1+ 0.56%
National Housing Bank AAA 3.74% NABARD A1+ 0.28%
Other Parameter: Export Import Bank of India AAA 2.85% State Government Bond 0.72%
Standard Deviation (Annualized) 2.66% ICICI Bank AAA 2.69% 9.25% Haryana SDL - 2023 SOV 0.31%
Reliance Industries AAA 2.39% 5.41% Andhra Pradesh SDL - 2024 SOV 0.14%
Modified Duration 1.72 Years Power Grid Corporation of India AAA 2.24% 5.68% Maharashtra SDL - 2024 SOV 0.08%
Housing & Urban Development Corporation AAA 1.76% 8.62% Maharashtra SDL - 2023 SOV 0.06%
Average Maturity 1.94 Years
NTPC AAA 1.40% 7.93% Chattisgarh SDL - 2024 SOV 0.06%
Macaulay Duration 1.80 Years NHPC AAA 0.98% 7.77% Gujarat SDL - 2023 SOV 0.03%
Larsen & Toubro AAA 0.88% 5.93% ODISHA SDL - 2022 SOV 0.02%
Yield to Maturity 4.76% Bajaj Finance AAA 0.29% 8.48% Tamilnadu SDL - 2023 SOV 0.01%
Total Expense Ratio Indian Oil Corporation AAA 0.06% 8.10% Tamil Nadu SDL - 2023 SOV 0.003%
Tata Sons Private AAA 0.01% Zero Coupon Bond 0.02%
Regular 0.63% Government Bond 10.86% LIC Housing Finance AAA 0.02%
7.16% - 2023 G-Sec SOV 3.05% Net Cash and Cash Equivalent 4.09%
Direct 0.31%
7.37% - 2023 G-Sec SOV 2.85% Grand Total 100.00%
Benchmark: NIFTY Banking & PSU Debt Index 7.32% - 2024 G-Sec SOV 2.39%
(w.e.f. 11th November 2019) 6.84% - 2022 G-Sec SOV 1.06%
SIP Dates (Monthly): Investor may choose any day Maturity Bucket Asset Quality
of instalment.
Above 3 years 8.22
amount thereafter
1-3 years 78.68
Option Available: Growth, IDCW@-Daily, Fortnightly,
Monthly (Reinvestment), Quarterly (Payout), Annual
(Payout) & Periodic (Payout & Reinvestment).
Upto 1 year 13.10
Exit Load: Nil (w.e.f. June 12th 2017)
NAV (`) as on March 31, 2021 0 10 20 30 40 50 60 70 80 90

Plan Option Freq NAV % NAV
Regular Plan IDCW@ - 10.3866 Asset Allocation
Regular Plan IDCW@ Monthly 10.6818 Commercial
Paper State
Regular Plan IDCW@ Quarterly 10.5988 0.84% Government Bond
Certificate 0.72%
Regular Plan IDCW@ Annual 10.9458 of Deposit Zero
2.94% Coupon Bond
NCA
0.02%
4.09%
Government
Bond
10.86%
Corporate Bond
80.54%
Performance Table
Since Since
Inception Inception
IDFC Banking & PSU Debt Fund* 8.41% 9.23% 8.14% 8.44% 10,841 13,045 14,789 19,235
NIFTY Banking & PSU Debt Index# 7.75% 7.90% 7.85% 8.26% 10,775 12,572 14,593 18,979
Investors understand that their principal will be at Low to Moderate risk Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
This product is suitable for investors who are The performances given are of regular plan growth option.
seeking*: Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
• To generate optimal returns over short to distribution expenses, commission expenses etc.
medium term. For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
• Investments predominantly in debt & money
#
market instruments issued by PSU, Banks & PFI. Standard Deviation calculated on the basis of 1 year history of monthly data
*
Inception Date of Regular Plan - Growth Mar 07, 2013.
if in doubt about whether the product is suitable The Fund (erstwhile IDFC Banking Debt Fund) has been repositioned with effect from June 12, 2017.
for them.
@
43
IDFC Corporate Bond Fund Core Bucket
An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
31st March 2021
About the Fund: The fund focuses on delivering Name Rating % of NAV Name Rating % of NAV
returns through investment in the corporate bond Corporate Bond 69.85% 8.06% Maharastra SDL - 2025 SOV 0.33%
segment. NABARD AAA 9.59% 6.68% Andhra Pradesh SDL - 2024 SOV 0.32%
HDFC AAA 9.09% 6.64% Rajasthan SDL - 2024 SOV 0.31%
Category: Corporate Bond LIC Housing Finance AAA 8.56% 8.83% Tamilnadu SDL - 2024 SOV 0.24%
REC AAA 8.19% 9.25% Haryana SDL - 2023 SOV 0.24%
Monthly Avg AUM: ` 22,793.58 Crores Reliance Industries AAA 7.82% 8.13% Tamil Nadu SDL - 2025 SOV 0.23%
Power Finance Corporation AAA 5.30% 8.08% Haryana SDL - 2025 SOV 0.23%
Month end AUM: ` 22,942.72 Crores Larsen & Toubro AAA 4.79% 6.99% Madhya Pradesh SDL - 2024 SOV 0.23%
National Housing Bank AAA 4.44% 6.7% Odisha SDL - 2024 SOV 0.23%
Inception Date: 12 January 2016 Hindustan Petroleum Corporation AAA 2.71% 9.55% Karnataka SDL - 2024 SOV 0.19%
Indian Railway Finance Corporation AAA 1.61% 5.6% Haryana SDL - 2024 SOV 0.19%
Fund Manager:
Indian Oil Corporation AAA 1.34% 9.47% Haryana SDL - 2024 SOV 0.17%
Mr. Anurag Mittal (w.e.f. 12th January 2016) Axis Bank AAA 1.30% 9.63% Andhra Pradesh SDL - 2024 SOV 0.15%
UltraTech Cement AAA 1.26% 9.80% Haryana SDL - 2024 SOV 0.12%
Other Parameter:
ICICI Bank AAA 1.11% 8.96% Maharashtra SDL - 2024 SOV 0.12%
Standard Deviation (Annualized) 3.49% Mahindra & Mahindra AAA 0.90% 5.6% Maharashtra SDL - 2024 SOV 0.11%
Small Industries Dev Bank of India AAA 0.49% 9.48% Andhra Pradesh SDL - 2024 SOV 0.10%
Modified Duration 2.49 years Bajaj Finance AAA 0.45% 8.05% Maharashtra SDL - 2025 SOV 0.09%
Power Grid Corporation of India AAA 0.35% 9.5% Gujrat SDL - 2023 SOV 0.07%
Average Maturity 2.87 years Export Import Bank of India AAA 0.29% 9.71% Haryana SDL - 2024 SOV 0.05%
NTPC AAA 0.14% 9.24% Haryana SDL - 2024 SOV 0.05%
Macaulay Duration 2.60 years National Highways Auth of Ind AAA 0.07% 8.05% Gujarat SDL - 2025 SOV 0.05%
HDB Financial Services AAA 0.04% 9.11% Maharashtra SDL - 2024 SOV 0.02%
Yield to Maturity 5.32% Government Bond 18.82% 9.37% Gujarat SDL - 2024 SOV 0.02%
5.22% - 2025 G-Sec SOV 14.01% 8.07% Gujrat SDL - 2025 SOV 0.02%
Total Expense Ratio 7.32% - 2024 G-Sec SOV 4.35% 5.75% Tamilnadu SDL - 2025 SOV 0.01%
7.16% - 2023 G-Sec SOV 0.46% Commercial Paper 0.53%
Regular 0.58%
State Government Bond 7.25% HDB Financial Services A1+ 0.32%
Direct 0.27% 7.93% Chattisgarh SDL - 2024 SOV 1.00% HDFC A1+ 0.21%
9.22% Gujarat SDL - 2023 SOV 0.67% Certificate of Deposit 0.22%
Benchmark: NIFTY AAA Short Duration Bond Index 7.68% Chattisgarh SDL - 2024 SOV 0.62% Axis Bank A1+ 0.22%
(with effect from November 11, 2019) 8.14% Gujarat SDL - 2025 SOV 0.40% Net Cash and Cash Equivalent 3.34%
6.49% Madhya Pradesh SDL - 2024 SOV 0.34% Grand Total 100.00%
SIP (Minimum Amount): ` 1000/- 6.69% Madhya Pradesh SDL - 2025 SOV 0.33%

of instalment. Maturity Bucket Asset Quality

Above 3 years 45.26
amount thereafter
Option Available: Growth & IDCW@ Option - Payout,

Reinvestment & Sweep and Monthly, Quarterly, Half 1-3 years 48.28
Yearly, Annual & Periodic.
Exit Load: Nil

Upto 1 year 6.46
Plan Option Freq NAV 0 10 20 30 40 50 60
Regular Plan Growth - 15.0230 % NAV
Regular Plan IDCW@ - N.A
Regular Plan IDCW@ Monthly 10.5932 Asset Allocation
Regular Plan IDCW@ Half 10.7686
Yearly
Regular Plan IDCW@ Quarterly 10.4249 Commercial
Paper
Regular Plan IDCW@ Annual 10.1287 NCA 0.53% Certificate of
3.34% Deposit
State 0.22%
Government Bond
7.25%
Government
Bond
18.82%
Corporate Bond
69.85%
Performance Table
Since Since
Inception Inception
IDFC Corporate Bond Fund* 9.01% 8.10% 8.09% 8.11% 10,901 12,644 14,760 15,023
NIFTY AAA Short Duration Bond Index# 9.37% 8.66% 8.33% 8.34% 10,937 12,842 14,924 15,194
This product is suitable for investors who are CRISIL 10 Year Gilt Index## 3.60% 8.24% 7.17% 7.47% 10,360 12,693 14,141 14,562
seeking*:
• To generate medium to long term optimal Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
returns. The performances given are of regular plan growth option.
• Investments predominantly in high quality Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
corporate bonds. distribution expenses, commission expenses etc.
*Investors should consult their financial advisers For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
#
for them. monthly data
*
Inception Date of Regular Plan - Growth Jan 12, 2016. @Income Distribution and Capital Withdrawal
44
IDFC Bond Fund – Short Term Plan
An open ended short term debt scheme investing in instruments such that the Macaulay duration of the
Core Bucket
portfolio is between 1 year and 3 years
31st March 2021
About the Fund: A Short Term Income Fund, the Name Rating % of NAV
portfolio is mostly a mix of short duration debt and Corporate Bond 74.16%
money market instruments. The average portfolio NABARD AAA 10.46%
maturity will not ordinarily exceed around 2 years. LIC Housing Finance AAA 9.17%
Power Finance Corporation AAA 9.12%
Category: Short Duration Reliance Industries AAA 9.10%
HDFC AAA 7.19%
Monthly Avg AUM: ` 13,281.47 Crores REC AAA 7.02%
Indian Railway Finance Corporation AAA 5.58%
Small Industries Dev Bank of India AAA 3.83%
Inception Date: 14 December 2000 National Housing Bank AAA 2.83%
National Highways Auth of Ind AAA 2.68%
Fund Manager: Larsen & Toubro AAA 2.28%
Mr. Suyash Choudhary (Since 11th March 2011) Power Grid Corporation of India AAA 2.23%
NTPC AAA 1.89%
Other Parameter: Indian Oil Corporation AAA 0.68%
Bajaj Finance AAA 0.08%
Standard Deviation (Annualized) 2.44% Export Import Bank of India AAA 0.04%
Government Bond 16.98%
Modified Duration 1.88 years 8.24% - 2027 G-Sec SOV 3.65%
6.79% - 2027 G-Sec SOV 2.58%
5.22% - 2025 G-Sec SOV 2.31%
Macaulay Duration 1.95 years 8.15% - 2026 G-Sec SOV 2.11%
8.33% - 2026 G-Sec SOV 1.96%
Yield to Maturity 4.83% 7.72% - 2025 G-Sec SOV 1.65%
6.97% - 2026 G-Sec SOV 0.96%
Total Expense Ratio 7.27% - 2026 G-Sec SOV 0.85%
7.59% - 2026 G-Sec SOV 0.82%
Regular 0.78% 8.28% - 2027 G-Sec SOV 0.07%
5.15% - 2025 G-Sec SOV 0.01%
Direct 0.30% PTC 0.57%
Benchmark: NIFTY AAA Short Duration Bond Index First Business Receivables Trust^ AAA(SO) 0.57%
(with effect from November 11, 2019)
Grand Total 100.00%
SIP (Minimum Amount): ` 1000/- ^
First Business Receivables Trust- wt. avg. mat: 2.03 years (PTC originated by Reliance Industries Limited)

of the month except 29th, 30th and 31st as the date Maturity Bucket Asset Quality
of instalment.
Above 3 years 22.69
amount thereafter
Option Available: Growth, IDCW@ - Fortnightly 1-3 years 48.41

(Payout, Reinvestment & Sweep), Monthly,
Quarterly, Annual & Periodic
Upto 1 year 28.90
Exit Load: Nil (w.e.f. 23rd May 2016)
NAV (`) as on March 31, 2021 0 10 20 30 40 50 60 70

Plan Option Freq NAV % NAV
Regular Plan IDCW@ Fortnightly 10.4144 Asset Allocation
Regular Plan IDCW@ Quarterly 10.5361 PTC
NCA
Regular Plan IDCW@ Annual 10.4728 8.29% 0.57%
Government Bond
16.98%
Corporate Bond
74.16%
Performance Table
Since Since
Inception Inception
Investors understand that their principal will be at Low to Moderate risk IDFC Bond Fund – Short Term Plan* 7.52% 8.08% 7.69% 7.65% 10,752 12,634 14,485 44,666
This product is suitable for investors who are NIFTY AAA Short Duration Bond Index# 9.37% 8.66% 8.33% NA 10,937 12,842 14,924 NA
seeking*:
• To generate optimal returns over short to medium
CRISIL 10 Year Gilt Index## 3.60% 8.24% 7.17% NA 10,360 12,693 14,141 NA
term. Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
• Investments in Debt & Money Market securities The performances given are of regular plan growth option.
such that the Macaulay duration of the portfolio is Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
between 1 year and 3 years. distribution expenses, commission expenses etc.
*Investors should consult their financial advisers if For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
in doubt about whether the product is suitable for
#
them. monthly data
*
Inception Date of Regular Plan - Growth Dec 14, 2000. @Income Distribution and Capital Withdrawal
45
IDFC Bond Fund – Medium Term Plan
An open ended medium term debt scheme investing in instruments such that the Macaulay
Core Bucket
duration of the portfolio is between 3 years and 4 years
31st March 2021

Name Rating % of NAV
About the Fund: The fund is positioned in the
medium term fund category and invests in a mix of Government Bond 66.43%
high quality debt and money market instruments, 6.79% - 2027 G-Sec SOV 22.39%
including G Secs. 7.27% - 2026 G-Sec SOV 16.77%
8.24% - 2027 G-Sec SOV 9.95%
Category: Medium Duration 8.15% - 2026 G-Sec SOV 8.84%
6.97% - 2026 G-Sec SOV 5.56%
7.59% - 2026 G-Sec SOV 1.88%
Month end AUM: ` 4,713.11 Crores 8.33% - 2026 G-Sec SOV 1.00%
5.22% - 2025 G-Sec SOV 0.02%
Inception Date: 8 July 2003 5.15% - 2025 G-Sec SOV 0.02%
Corporate Bond 18.62%
Fund Manager: Power Finance Corporation AAA 6.42%
Mr. Suyash Choudhary (w.e.f. 15th September 2015) Reliance Industries AAA 5.09%
Other Parameter: HDFC AAA 2.10%
REC AAA 1.98%
Indian Railway Finance Corporation AAA 0.55%
Modified Duration 3.43 years NABARD AAA 0.02%
State Government Bond 0.74%
Average Maturity 4.26 years 8.2% Gujarat SDL (MD 2025) SOV 0.35%
8.25% Maharastra SDL (MD 2025) SOV 0.35%
Macaulay Duration 3.54 years 8.37% Tamil Nadu SDL (MD 2028) SOV 0.05%
8.25% Andhra PradeshSDL (MD 2023) SOV 0.001%
Yield to Maturity 5.61% 8.68% Gujarat SDL (MD 2023) SOV 0.0001%
PTC 0.72%
Total Expense Ratio
First Business Receivables Trust^ AAA(SO) 0.72%
Regular 1.46%
Direct 0.76% Grand Total 100.00%
^
Benchmark: NIFTY AAA Medium Duration Bond
Index (with effect from November 11, 2019)
Maturity Bucket Asset Quality

Above 3 years 70.94
of instalment. 1-3 years 9.44

Upto 1 year 19.61
amount thereafter
0 10 20 30 40 50 60 70 80
Option Available: Growth, IDCW@ - Daily % NAV
(Reinvestment only) and Fortnightly, Monthly,
Bi-monthly, Quarterly and Periodic frequency (each
with payout, reinvestment and sweep facility).
Asset Allocation
Exit Load: NIL (w.e.f. 15th January 2019)

State Government
Plan Option Freq NAV Bond
NCA 0.74% PTC
Regular Plan Growth - 36.5481 13.49% 0.72%
Regular Plan IDCW@ BiMonthly 11.7687
Regular Plan IDCW@ Quarterly 10.8373 Corporate Bond
18.62%
Government Bond
66.43%
Performance Table
Since Since
Inception Inception
IDFC Bond Fund – Medium Term Plan* 7.04% 7.89% 7.60% 7.58% 10,704 12,571 14,424 36,548
NIFTY AAA Medium Duration Bond Index# 10.54% 8.90% 8.71% 7.98% 11,054 12,927 15,185 39,069
seeking*:
• To generate optimal returns over medium term.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
• Investments in Debt & Money Market securities
expenses, commission expenses etc.
such that the Macaulay duration of the portfolio
is between 3 years and 4 years. #
Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly
data
if in doubt about whether the product is suitable *
Inception Date of Regular Plan - Growth Jul 08, 2003.
for them.
Gsec/SDL yields have been annualized wherever applicable. @Income Distribution and Capital Withdrawal
46
IDFC Floating Rate Fund Satellite Bucket
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including
fixed rate instruments converted to floating rate exposures using swaps/derivatives)
31st March 2021
About the Fund: The Fund seeks to generate

returns by creating a portfolio that is primarily Corporate Bond 50.15%
invested in floating rate instruments, including HDFC AAA 9.55%
fixed rate instruments swapped for floating returns REC AAA 8.90%
and other debt and money market instruments. L&T Finance AAA 8.87%
Category: Floater Fund Sikka Ports and Terminals AAA 5.39%
Power Finance Corporation AAA 5.31%
Monthly Avg AUM: ` 677.18 Crores LIC Housing Finance AAA 4.29%
Month end AUM: ` 584.94 Crores Bharti Hexacom AA 4.20%
Jamnagar Utilities & Power Private AAA 3.65%
Inception Date: 18 February 2021 Certificate of Deposit 28.49%
Fund Manager: Mr. Anurag Mittal & Mr. Arvind NABARD A1+ 11.55%
Subramanian (w.e.f. 18th February 2021) IndusInd Bank A1+ 5.88%
The Federal Bank A1+ 5.10%
Other Parameter:
RBL Bank A1+ 4.25%
Modified Duration 1.03 years Bank of Baroda A1+ 1.70%
Floating Rate Note 14.53%
Axis Bank A1+ 14.53%
Macaulay Duration 1.08 years Net Cash and Cash Equivalent 6.84%
Grand Total 100.00%
Portfolio has 30.77% exposure to Interest Rate Swaps
Total Expense Ratio
Regular 0.75%
Direct 0.27%
Benchmark: Nifty Low Duration Debt Index
SIP (Minimum Amount): ` 1,000/- and in multiples

of Re.1 thereafter (minimum 6 installments)

the date of instalment. Maturity Bucket Asset Quality
AA+
Minimum Investment Amount: Fresh Purchase 4.20%
Above 3 years 0.00
` 5,000/- and any amount thereafter
Option Available: Growth & IDCW@ Option – Daily,

Weekly, Monthly, Quarterly, Annual and Periodic 1-3 years 50.15
(each with Reinvestment, Payout and Sweep
facility)
Upto 1 year 49.85
Exit Load: NIL
0 10 20 30 40 50 60 70 80
Plan Option Freq NAV AAA Equivalent
95.80%
Regular Plan Growth - 10.0328 % NAV
Regular Plan IDCW@ Monthly 10.0197 Asset Allocation
NCA
Regular Plan IDCW@ Annual 10.0321 6.84%
Floating
Rate Note
14.53%
Corporate Bond
50.15%
Certificate of
Deposit
28.49%
Investors understand that their principal will

be at Moderate risk

seeking*:
• To generate short-term optimal returns.
• To invest predominantly in floating rate
instruments. The scheme has been in existence for less than 1 year, hence performance has not been disclosed.Regular and Direct Plans
*Investors should consult their financial advisers have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission
if in doubt about whether the product is suitable expenses etc.
for them. For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
@
47
IDFC Credit Risk Fund Satellite Bucket
An open ended debt scheme predominantly investing in AA and below
rated corporate bonds
31st March 2021
About the Fund: IDFC Credit Risk Fund aims
to provide an optimal risk-reward profile to Corporate Bond 46.65%
investors by focusing on companies with well-run Tata Power Renewable Energy* AA(CE) 6.35%
management and evolving business prospects or Reliance Industries AAA 6.26%
good businesses with improving financial profile. Bharti Hexacom AA 6.04%
Category: Credit Risk National Highways Auth of Ind AAA 5.94%
IndusInd Bank@ AA 5.62%
Monthly Avg AUM: ` 820.00 Crores
Afcons Infrastructure A+ 5.20%
Month end AUM: ` 812.89 Crores Tata Steel AA- 3.10%
Bank of Baroda@ AA 3.09%
Indian Bank@ AA 2.41%
Fund Manager: Mr. Arvind Subramanian (w.e.f. Indian Railway Finance Corporation AAA 1.33%
03rd March 2017)
HDFC AAA 0.67%
Other Parameter: Tata Power Company AA 0.64%
7.17% - 2028 G-Sec SOV 15.32%
Modified Duration 2.73 years 5.22% - 2025 G-Sec SOV 3.64%
Average Maturity 3.49 years 7.59% - 2026 G-Sec SOV 2.63%
5.15% - 2025 G-Sec SOV 0.60%
Macaulay Duration 2.88 years PTC 8.32%
Yield to Maturity 7.26% First Business Receivables Trust^ AAA(SO) 8.32%
Total Expense Ratio
Grand Total 100.00%
Regular 1.70% *Corporate Guarantee from Tata Power
Direct 0.66% ^
@
AT1 bonds under Basel III
Benchmark: 65% NIFTY AA Short Duration Bond
Index + 35% NIFTY AAA Short Duration Bond
Index (with effect from November 11, 2019)

the date of instalment. A+
AA- 5.20%
AA
Above 3 years 40.60 3.10%
Investment Objective: Refer Pg No from 66 to 67 24.16%

amount thereafter 1-3 years 18.11
Option Available: Growth, IDCW@ - Quarterly, Half

yearly, Annual and Periodic (Payout, Reinvestment
Upto 1 year 41.29
& Sweep facility)
Exit Load: 1% if redeemed/switched 0 10 20 30 40 50 60 AAA Equivalent

out within 365 days from the date of allotment 67.55%
NAV (`) as on March 31, 2021 % NAV
Asset Allocation
PTC
Regular Plan IDCW@ Half 10.2045 8.32%
Yearly
Government
Bond
22.19% Corporate Bond
46.65%
NCA
22.84%
Performance Table
Since Since
Inception Inception
IDFC Credit Risk Fund* 5.48% 6.68% NA 6.67% 10,548 12,148 NA 13,015
Investors understand that their principal will 65% NIFTY AA Short Duration Bond 11.06% 9.06% NA 8.52% 11,106 12,986 NA 13,957
be at Moderate risk Index + 35% NIFTY AAA Short
This product is suitable for investors who are Duration Bond Index#
seeking*: CRISIL 10 Year Gilt Index## 3.60% 8.24% NA 6.19% 10,360 12,693 NA 12,775
• To generate optimal returns over medium to
long term.
• To predominantly invest in a portfolio of
corporate debt securities across the credit
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
spectrum.
if in doubt about whether the product is suitable #
for them.
monthly data
*
Inception Date of Regular Plan - Growth Mar 3, 2017. @Income Distribution and Capital Withdrawal
48
An open ended medium term debt scheme investing in instruments such that the
Satellite Bucket
Macaulay duration of the portfolio is between 4 years and 7 years
31st March 2021 fs
Am
AA ICRA
by
About the Fund: An actively managed bond fund Name Rating % of NAV
(with Macaulay duration between 4 to 7 years) Government Bond 98.15%
which seeks to invest in highly rated money market
6.79% - 2027 G-Sec SOV 48.62%
and debt instruments (including government
securities) and aims to generate stable long term 8.24% - 2027 G-Sec SOV 35.54%
returns through mix of accrual income and capital 6.97% - 2026 G-Sec SOV 7.59%
appreciation. 7.27% - 2026 G-Sec SOV 2.92%
Category: Medium to Long Duration 7.59% - 2026 G-Sec SOV 1.71%
8.15% - 2026 G-Sec SOV 1.28%
5.15% - 2025 G-Sec SOV 0.28%
Month end AUM: ` 687.36 Crores 7.26% - 2029 G-Sec SOV 0.15%
Inception Date: 14 July 2000 7.73% - 2034 G-Sec SOV 0.06%
Fund Manager:
Grand Total 100.00%
Mr. Suyash Choudhary (Since 15th October 2010)
Other Parameter:
Total Expense Ratio
Regular 1.95% Maturity Bucket Asset Quality
Direct 1.20%
Above 10 years 0.06
Benchmark: CRISIL Composite Bond Fund Index
SIP (Minimum Amount): ` 1000/- 5-10 years 96.10
SIP Frequency: Monthly 3-5 years 1.99
SIP Dates (Monthly): Investor may choose any day 1-3 years 0.00
of instalment. Upto 1 year 1.85
0 20 40 60 80 100
Minimum Investment Amount: ` 5,000/- and any % NAV
amount thereafter
Option Available: Growth, IDCW@ - Quarterly,

Half Yearly, Annual & Periodic (each with payout,
reinvestment and sweep facility) Asset Allocation
Exit Load: If redeemed/switched out within
365 days from the date of allotment: For 10% of
NCA
investment : Nil, For remaining investment : 1% 1.85%
If redeemed/switched out after 365 days from the

date of allotment: Nil

Regular Plan IDCW@ Annual 11.4008 Government Bond
Regular Plan IDCW@ Half 11.6049 98.15%
Yearly
Performance Table
Since Since
Inception Inception
IDFC Bond Fund – Income Plan* 6.10% 8.56% 8.07% 8.36% 10,610 12,807 14,742 52,847
CRISIL Composite Bond Fund Index# 7.69% 8.97% 8.61% NA 10,769 12,953 15,117 NA
CRISIL 10 year Gilt Index## 3.60% 8.24% 7.17% NA 10,360 12,693 14,141 NA
Investors understand that their principal will be at Moderate risk Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
This product is suitable for investors who are For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
seeking*:
#
• To generate optimal returns over Long term. monthly data
• Investments in Debt & Money Market securities
*
Inception Date of Regular Plan - Growth Jul 14, 2000.
such that the Macaulay duration of the portfolio Gsec/SDL yields have been annualized wherever applicable. @Income Distribution and Capital Withdrawal
is between 4 years and 7 years
for them.
49
IDFC Dynamic Bond Fund fs Satellite Bucket
Am
An open ended dynamic debt scheme investing across duration AA ICRA
b y
31st March 2021

About the Fund: The fund is positioned in the
Dynamic Bond Fund category to take exposure Government Bond 97.84%
across the curve depending upon the fund 6.79% - 2027 G-Sec SOV 40.48%
manager’s underlying interest rate view where we
employ the majority of the portfolio. It is a wide 7.27% - 2026 G-Sec SOV 22.14%
structure and conceptually can go anywhere on the 8.24% - 2027 G-Sec SOV 14.73%
curve. 6.97% - 2026 G-Sec SOV 14.60%
Category: Dynamic Bond 8.15% - 2026 G-Sec SOV 4.94%

7.59% - 2026 G-Sec SOV 0.95%
8.20% - 2025 G-Sec SOV 0.003%
7.17% - 2028 G-Sec SOV 0.003%
Inception Date: 25 June 2002 Net Cash and Cash Equivalent 2.16%
Fund Manager: Grand Total 100.00%
Mr. Suyash Choudhary (Since 15th October 2010)
Other Parameter:
Total Expense Ratio

Regular 1.58%
Direct 0.56%
Above 10 years 0.00
Benchmark: CRISIL Composite Bond Fund Index
SIP (Minimum Amount): ` 1000/- 5-10 years 96.89
0 20 40 60 80 100
Minimum Investment Amount: ` 5,000/- and any % NAV
amount thereafter
Option Available: Growth, IDCW@ - Periodic,

Quarterly, Half Yearly, Annual and Regular
frequency (each with Reinvestment, Payout and
Asset Allocation
Sweep facility)
Exit Load: Nil (w.e.f. 17th October 2016)

NCA
NAV (`) as on March 31, 2021 2.16%

Regular Plan IDCW@ - 10.2866
Yearly
Government Bond
97.84%
Performance Table
Since Since
Inception Inception
IDFC Dynamic Bond Fund* 6.86% 9.21% 8.57% 8.36% 10,686 13,038 15,089 26,904
CRISIL Composite Bond Fund Index# 7.69% 8.97% 8.61% 8.28% 10,769 12,953 15,117 26,678
Investors understand that their principal will be at Moderate risk Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
distribution expenses, commission expenses etc. Standard Deviation calculated on the basis of 1 year history of monthly
This product is suitable for investors who are data
seeking*: For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
• To generate long term optimal returns by active #
management. *
Inception Date of Regular Plan - Growth Dec 03, 2008.
• Investments in money market & debt Gsec/SDL yields have been annualized wherever applicable. @Income Distribution and Capital Withdrawal
instruments including G-Sec across duration.
for them.
50
IDFC Government Securities Fund - Constant Maturity Plan
An open ended debt scheme investing in government securities having a constant maturity of 10 years
31st March 2021
Satellite Bucket
About the Fund: The fund is a mix of government bonds,

state development loans (SDLs), treasury bills and/or Government Bond 97.50%
cash management bills. The fund will predominantly have
7.26% - 2029 G-Sec SOV 77.51%
an average maturity of around 10 years.
6.19% - 2034 G-Sec SOV 15.56%
Category: Gilt Fund with 10 year constant duration
7.73% - 2034 G-Sec SOV 1.77%
Monthly Avg AUM: ` 309.63 Crores 6.68% - 2031 G-Sec SOV 1.64%
Month end AUM: ` 307.40 Crores 6.79% - 2027 G-Sec SOV 0.67%
7.17% - 2028 G-Sec SOV 0.34%

Fund Manager:
Grand Total 100.00%
Mr. Harshal Joshi (w.e.f. 15th May 2017)
Other Parameter:

Total Expense Ratio
Regular 0.62% Above 10 years 18.98
Direct 0.49% 5-10 years 78.52
3-5 years 0.00

Benchmark: CRISIL 10 year Gilt Index (w.e.f. 28th
1-3 years 0.00
May 2018)
Upto 1 year 2.50
SIP (Minimum Amount): ` 1,000/- 0 20 40 60 80 100
SIP Frequency: Monthly % NAV AAA Equivalent

100.00%
of instalment. Asset Allocation

NCA
Minimum Investment Amount: ` 5,000/- and any 2.50%
amount thereafter
Option Available: Both the Plans under the Scheme

have Growth & IDCW@ Option. IDCW@ Option under
the Scheme offers Quarterly, Half yearly, Annual,
Regular and Periodic frequency (each with payout,
reinvestment and sweep facility).
Exit Load: Nil.

Government Bond
Plan Option Freq NAV 97.50%
Regular Plan IDCW@ Annual N.A
Regular Plan IDCW@ Weekly 9.9878 Performance Table
Since Since
Inception Inception
IDFC Government Securities Fund - 7.01% 11.57% 10.15% 6.85% 10,701 13,903 16,221 35,381
Constant Maturity Plan*^
CRISIL 10 year Gilt Index# 3.60% 8.66% 8.10% NA 10,360 12,841 14,765 NA
Investors understand that their principal will be at Moderate risk Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution
This product is suitable for investors who are For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages. #Benchmark Returns.
seeking*: ##
Alternate Benchmark Returns. *Inception Date of Regular Plan - Growth Mar 09, 2002. Standard Deviation calculated on the
• To generate optimal returns over long term. basis of 1 year history of monthly data Gsec/SDL yields have been annualized wherever applicable
• Investments in Government Securities such that ^The fund is repositioned w.e.f. May 28, 2018
the average maturity of the portfolio is around ß
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si
10 years. Bex (Benchmark).
*Investors should consult their financial advisers if Yields for GSec/SDLs have been annualized wherever applicable.
in doubt about whether the product is suitable for
@
them.
51
IDFC Government Securities Fund – Investment Plan
An open ended debt scheme investing in government securities across maturities
31st March 2021
Satellite Bucket
About the Fund: A dedicated gilt fund with an Name Rating % of NAV
objective to generate optimal returns with high
liquidity by investing in Government Securities. 6.79% - 2027 G-Sec SOV 58.28%
Category: Gilt 6.97% - 2026 G-Sec SOV 15.48%
8.24% - 2027 G-Sec SOV 14.39%
7.27% - 2026 G-Sec SOV 7.83%
8.15% - 2026 G-Sec SOV 0.96%
Inception Date: 9 March 2002 7.59% - 2026 G-Sec SOV 0.74%
Fund Manager: 7.26% - 2029 G-Sec SOV 0.13%
Mr. Suyash Choudhary (Since 15th October 2010) 5.15% - 2025 G-Sec SOV 0.06%
7.17% - 2028 G-Sec SOV 0.004%
Other Parameter:
Standard Deviation (Annualized) 5.03% Grand Total 100.00%
Total Expense Ratio
Regular 1.24%
Direct 0.61% Maturity Bucket Asset Quality
Benchmark: CRISIL Dynamic Gilt Index

(w.e.f. 01 February 2019) Above 10 years 0.00
SIP (Minimum Amount): ` 1,000/- 5-10 years 97.07
Investment Objective: Refer Pg No from 66 to 67 0 20 40 60 80 100 AAA Equivalent

100.00%
% NAV
amount thereafter
Option Available: Growth & IDCW@ Option - Asset Allocation
Quarterly, Half yearly, Annual, Regular and Periodic
(each with payout, reinvestment and sweep
facility).
NCA
2.13%
Exit Load: Nil (w.e.f. 15th July 2011)
Regular Plan IDCW@ Quarterly 11.3565 Government Bond
97.87%
Yearly
Performance Table
Since Since
Inception Inception
IDFC Government Securities Fund 7.30% 10.60% 9.44% 8.54% 10,730 13,545 15,705 27,475
– IP*
CRISIL Dynamic Gilt Index #
6.49% 8.98% 8.21% 7.60% 10,649 12,957 14,839 24,690
CRISIL 10 year Gilt Index## 3.60% 8.24% 7.17% 6.20% 10,360 12,693 14,141 20,986
This product is suitable for investors who are Performance based on NAV as on 31/03/2021 Past performance may or may not be sustained in future.
• To generate long term optimal returns. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding
• Investments in Government Securities across distribution expenses, commission expenses etc.
maturities. For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
*Investors should consult their financial advisers #
if in doubt about whether the product is suitable monthly data
for them. *
Inception Date of Regular Plan - Growth Dec 03, 2008.
Gsec/SDL yields have been annualized wherever applicable. @Income Distribution and Capital Withdrawal
52
An open-ended Target Maturity Index fund investing in constituents of CRISIL Gilt 2027 Index
31st March 2021
Satellite Bucket
About the Fund: The fund seeks to invest in Name Rating % of NAV
government securities and treasury bills that form
part of its respective index. This is a target maturity Government Bond 96.80%
index fund, therefore it terminates on a specific
date (June 30, 2027) 6.79% - 2027 G-Sec SOV 51.77%
8.24% - 2027 G-Sec SOV 45.03%
Category: Index Fund
Grand Total 100.00%
Fund Manager:
Mr. Anurag Mittal
Other Parameter:
Total Expense Ratio
Regular 0.40%
Direct 0.15%
Benchmark: CRISIL Gilt 2027 Index


of instalment.

amount thereafter
Option Available: Growth & Income Distribution cum

capital withdrawal Option (Payout, Reinvestment
or Sweep facility)
Exit Load: Nil

Asset Allocation Asset Quality
NCA
3.20%
AAA Equivalent
100.00%
Government Bond
96.80%

seeking*:
• Income over the target maturity period.
• Investment in constituents similar to the The scheme has been in existence for less than 1 year, hence performance has not been disclosed.Regular and Direct Plans
composition of CRISIL Gilt 2027 Index. have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission
*Investors should consult their financial advisers expenses etc.
if in doubt about whether the product is suitable For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
for them. @
53
An open-ended Target Maturity Index fund investing in constituents of CRISIL Gilt 2028 Index
31st March 2021
Satellite Bucket
About the Fund: The fund seeks to invest in Name Rating % of NAV
government securities and treasury bills that form
part of its respective index. This is a target maturity Government Bond 98.21%
index fund, therefore it terminates on a specific
date (April 05, 2028) 7.17% - 2028 G-Sec SOV 65.14%
8.28% - 2027 G-Sec SOV 33.07%
Category: Index Fund
Grand Total 100.00%
Fund Manager:
Mr. Anurag Mittal
Other Parameter:
Total Expense Ratio
Regular 0.40%
Direct 0.15%
Benchmark: CRISIL Gilt 2028 Index


of instalment.

amount thereafter
Option Available: Growth & Income Distribution cum

capital withdrawal Option (Payout, Reinvestment
or Sweep facility)
Exit Load: Nil

Regular Plan IDCW@ - 10.0212 Asset Allocation Asset Quality
NCA
1.79%
AAA Equivalent
100.00%
Government Bond
98.21%

seeking*:
• Income over the target maturity period.
• Investment in constituents similar to the The scheme has been in existence for less than 1 year, hence performance has not been disclosed.Regular and Direct Plans
compositionof CRISIL Gilt 2028 Index. have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission
*Investors should consult their financial advisers expenses etc.
if in doubt about whether the product is suitable For other funds managed by the fund manager, please refer page no. 55 - 57 & the respective fund pages
for them. @
54
Performance Table
(Others Funds Managed by the Fund Managers)
Period 1 Year 3 Years 5 Years
Managing Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark

Since Index Return (%) Return (%) Return (%) Return (%) Return (%) Return (%)
Fund Manager Name: Mr. Anoop Bhaskar
IDFC Core Equity Fund 30-04-2016 NIFTY LargeMidcap 250 TRI 77.70% 85.91% 8.93% 12.75% 13.86% 16.38%
IDFC Flexi Cap Fund£ 30-04-2016 S&P BSE 500 TRI 56.32% 78.63% 7.54% 12.89% 10.51% 15.40%
S&P BSE 400

IDFC Sterling Value Fund1 30-04-2016 115.93% 106.37% 5.89% 9.29% 14.93% 15.77%
MidSmallCap TRI
65% S&P BSE 200 TRI + 35%

IDFC Hybrid Equity Fund4 30-12-2016 NIFTY AAA Short Duration Bond 56.65% 53.18% 7.81% 12.40% NA NA
Index
IDFC Emerging Businesses Fund 25-02-2020 S&P BSE 250 SmallCap TRI 84.47% 117.51% NA NA NA NA
IDFC Equity Opportunity - Series 6 27-07-2018 S&P BSE 500 TRI 68.31% 78.63% NA NA NA NA
Mr. Anoop Bhaskar manages 6 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Anurag Mittal
15% S&P BSE 200 TRI + 85%

IDFC Regular Savings Fund 09-11-2015 NIFTY AAA Short Duration 15.52% 19.59% 6.72% 9.73% 7.56% 9.72%
Bond Index
IDFC Cash Fund 09-11-2015 CRISIL Liquid Fund Index 3.45% 4.07% 5.55% 6.01% 6.11% 6.40%
NIFTY Low Duration

IDFC Low Duration Fund6 09-11-2015 5.87% 5.91% 7.08% 7.10% 7.33% 7.22%
Debt Index
IDFC Money Manager Fund7 09-11-2015 NIFTY Money Market Index 4.47% 4.48% 5.68% 6.25% 6.15% 6.61%
NIFTY Banking & PSU

IDFC Banking & PSU Debt Fund 15-05-2017 8.41% 7.75% 9.23% 7.90% 8.14% 7.85%
Debt Index
NIFTY AAA Short Duration

IDFC Corporate Bond Fund 12-01-2016 9.01% 9.37% 8.10% 8.66% 8.09% 8.33%
Bond Index
65% S&P BSE 200 TRI + 35%

IDFC Hybrid Equity Fund4 30-12-2016 NIFTY AAA Short Duration 56.65% 53.18% 7.81% 12.40% NA NA
Bond Index
IDFC Fixed Term Plan - CRISIL Composite Bond Fund
04-06-2018 8.36% 7.69% NA NA NA NA
Series 149 Index
22-06-2018 8.87% 7.69% NA NA NA NA
Series 152 Index
27-06-2018 6.72% 7.69% NA NA NA NA
Series 154 Index
12-07-2018 6.93% 7.69% NA NA NA NA
Series 156 Index
20-07-2018 7.10% 7.69% NA NA NA NA
Series 159 Index
09-08-2018 7.23% 7.69% NA NA NA NA
Series 160 Index
29-08-2018 7.65% 7.69% NA NA NA NA
Series 161 Index
IDFC Fixed Term Plan - CRISIL Composite Bond
14-12-2018 8.84% 7.69% NA NA NA NA
Series 163 Fund Index
28-12-2018 9.21% 7.69% NA NA NA NA
10-01-2019 9.11% 7.69% NA NA NA NA
21-02-2019 8.98% 7.69% NA NA NA NA
13-03-2019 9.08% 7.69% NA NA NA NA
26-03-2019 9.22% 7.69% NA NA NA NA
13-03-2019 9.02% 7.69% NA NA NA NA
Mr. Anurag Mittal manages 24 schemes of IDFC Mutual Fund.*

Performance based on NAV as on 31/03/2021 Past Performance may or may not be sustained in future
The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure.
Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant
**The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage Index w.e.f. April 01, 2018.
1
The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018.
2
The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017
4
The fund has been repositioned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018.
6
The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. may 28, 2018.
7
The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
§
£
February 09, 2021. Refer the addendum issued in this regard detailing the changes being carried out to the SID of the Scheme which is available on our website i.e. www.idfcmf.com.
*IDFC Floating Rate Fund is managed by Mr. Anurag Mittal and Mr. Arvind Subramanian (w.e.f. 18th February 2021). IDFC Gilt 2027 Index Fund, IDFC Gilt 2028 Index Fund is managed by
Mr. Anurag Mittal (w.e.f. 23th March 2021). The scheme has been in existence for less than 1 year, hence performance has not been disclosed.
55
Performance Table

Fund Manager Name: Mr. Arpit Kapoor
IDFC Large Cap Fund2§ 01-03-2017 S&P BSE 100 TRI 61.13% 73.48% 11.64% 13.67% 13.11% 14.60%
50% S&P BSE 200 TRI + 50%

IDFC Dynamic Equity Fund 01-03-2017 NIFTY AAA Short Duration Bond 37.37% 43.18% 8.96% 11.71% 9.13% 12.46%
Index
IDFC Nifty Fund 01-03-2017 Nifty 50 TRI 70.95% 72.54% 14.21% 14.58% 14.67% 15.12%
IDFC Arbitrage Fund 01-03-2017 Nifty 50 Arbitrage Index** 3.24% 2.34% 5.11% 4.57% 5.47% 4.83%
65% S&P BSE 200 TRI + 30%

IDFC Asset Allocation Fund of
18-04-2018 CRISIL Short Term Index + 46.74% 40.08% 6.37% 12.62% 9.05% 13.45%
Fund - Aggressive Plan^5
5% Gold Prices
15% S&P BSE 200 TRI + 80%
18-04-2018 CRISIL Short Term Index + 15.03% 15.61% 6.67% 10.33% 7.78% 10.05%
Fund - Conservative Plan^5
5% Gold Prices
40% S&P BSE 200 TRI +
18-04-2018 55% CRISIL Short Term 26.81% 28.23% 6.54% 11.01% 8.31% 10.46%
Fund - Moderate Plan^5
Index + 5% Gold Prices
Mr. Arpit Kapoor manages 7 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Arvind Subramanian

50% S&P BSE 200 TRI + 50%
Index
65% NIFTY AA Short Dura-
03-03- tion Bond Index + 35%
IDFC Credit Risk Fund 5.48% 11.06% 6.68% 9.06% NA NA
2017 NIFTY AAA Short Duration
Bond Index
Mr. Arvind Subramanian manages 3 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Daylynn Pinto
IDFC Tax Advantage (ELSS) 20-10-2016 S&P BSE 200 TRI 99.52% 76.26% 9.82% 13.74% 15.64% 15.50%
Fund
IDFC Sterling Value Fund1 20-10-2016 S&P BSE 400 MidSmallCap TRI 115.93% 106.37% 5.89% 9.29% 14.93% 15.77%
Mr. Daylynn Pinto manages 2 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Harshal Joshi
NIFTY AAA Short Duration
IDFC All Seasons Bond Fund 15-07-2016 8.10% 9.37% 8.57% 8.66% 7.98% 8.33%
Bond Index
IDFC Government Securities 15-05-2017 CRISIL 10 year Gilt Index 7.01% 3.60% 11.57% 8.66% 10.15% 8.10%
Fund - Constant Maturity Plan8ß
IDFC Cash Fund 15-09-2015 CRISIL Liquid Fund Index 3.45% 4.07% 5.55% 6.01% 6.11% 6.40%
IDFC Money Manager Fund7 09-11-2015 NIFTY Money Market Index 4.47% 4.48% 5.68% 6.25% 6.15% 6.61%
NIFTY Ultra Short Duration
IDFC Ultra Short Term Fund 18-07-2018 4.79% 4.91% NA NA NA NA
Debt Index
30% Nifty 50 TRI + 70%
IDFC Equity Savings Fund3¥ 20-10-2016 25.86% 45.99% 6.25% 10.57% 6.15% 9.13%
8-03-2018 6.26% 7.69% 7.38% 8.97% NA NA
14-03-2018 6.31% 7.69% 7.37% 8.97% NA NA
21-03-2018 6.37% 7.69% 7.42% 8.97% NA NA
Mr. Harshal Joshi manages 10 schemes of IDFC Mutual Fund.
^
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of CRISIL Hybrid 85+15 Conservative Index
(Benchmark) and CRISIL Hybrid 35+65 - Aggressive Index (Benchmark)
1
The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018.
2
The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017
5
The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of IDFC Mutual Funds.
7
The fund has been repositioned from a floating rate fund to a money market fund w.e.f. June 4, 2018.
8
The fund is repositioned w.e.f. May 28, 2018
¥
ß
Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of I-Sec Si Bex (Benchmark)
*IDFC Floating Rate Fund is managed by Mr. Anurag Mittal and Mr. Arvind Subramanian (w.e.f. 18th February 2021). The scheme has been in existence for less than 1 year,
hence performance has not been disclosed.
56
Performance Table

Fund Manager Name: Mr. Sachin Relekar (w.e.f. 08th December 2020)£
IDFC Flexi Cap Fund$ 08-12-2020 S&P BSE 500 TRI 56.32% 78.63% 7.54% 12.89% 10.51% 15.40%
IDFC Infrastructure Fund 08-12-2020 S&P BSE India Infrastructure TRI 101.53% 94.11% 1.41% 1.77% 12.23% 10.27%
30% Nifty 50 TRI + 70%
IDFC Equity Savings Fund 3^
08-12-2020 25.86% 45.99% 6.25% 10.57% 6.15% 9.13%
Mr. Sachin Relekar (w.e.f. 08th December 2020) manages 3 schemes of IDFC Mutual Funds. £IDFC Infrastructure Fund, IDFC Equity Savings Fund were being
managed by Mr. Rajendra Kumar Mishra upto December 7, 2020.
Fund Manager Name: Mr. Sumit Agrawal
IDFC Large Cap Fund2§ 01-03-2017 S&P BSE 100 TRI 61.13% 73.48% 11.64% 13.67% 13.11% 14.60%
50% S&P BSE 200 TRI + 50%

Index
IDFC Nifty Fund 01-03-2017 Nifty 50 TRI 70.95% 72.54% 14.21% 14.58% 14.67% 15.12%
IDFC Focused Equity Fund 20-10-2016 S&P BSE 500 TRI 59.16% 78.63% 6.09% 12.89% 13.33% 15.40%
15% S&P BSE 200 TRI + 85%

IDFC Regular Savings Fund 20-10-2016 NIFTY AAA Short Duration Bond 15.52% 19.59% 6.72% 9.73% 7.56% 9.72%
Index
IDFC Equity Opportunity - 27-07-2018 S&P BSE 500 TRI 68.31% 78.63% NA NA NA NA
Series 6
Mr. Sumit Agrawal manages 6 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Suyash Choudhary
IDFC Bond Fund – Short NIFTY AAA Short Duration

11-03-2011 7.52% 9.37% 8.08% 8.66% 7.69% 8.33%
Term Plan Bond Index
IDFC Bond Fund – Medium NIFTY AAA Medium
15-09-2015 7.04% 10.54% 7.89% 8.90% 7.60% 8.71%
Term Plan Duration Bond Index
CRISIL Composite Bond
IDFC Bond Fund – Income Plan 15-10-2010 6.10% 7.69% 8.56% 8.97% 8.07% 8.61%
Fund Index
CRISIL Composite Bond
IDFC Dynamic Bond Fund 15-10-2010 6.86% 7.69% 9.21% 8.97% 8.57% 8.61%
Fund Index
IDFC Government Securities
15-10-2010 CRISIL Dynamic Gilt Index 7.30% 6.49% 10.60% 8.98% 9.44% 8.21%
Fund – Investment Plan@
Mr. Suyash Choudhary manages 5 schemes of IDFC Mutual Fund.
Fund Manager Name: Mr. Yogik Pitti
30% Nifty 50 TRI + 70%

IDFC Equity Savings Fund3¥ 27-06-2013 25.86% 45.99% 6.25% 10.57% 6.15% 9.13%
IDFC Sensex ETF 07-10-2016 S&P BSE Sensex TRI 68.13% 69.82% 15.55% 15.81% NA NA
IDFC Nifty ETF 07-10-2016 Nifty 50 TRI 70.91% 72.54% 14.33% 14.58% NA NA
Mr. Yogik Pitti manages 4 schemes of IDFC Mutual Fund.

Fund Manager Name: Mr. Brijesh Shah
IDFC Overnight Fund 01-02-2019 NIFTY 1D Rate Index 2.89% 3.08% NA NA NA NA

Mr. Brijesh Shah manages 1 schemes of IDFC Mutual Fund.
^Current Index performance adjusted for the period from since inception to April 8, 2015 with the performance of CRISIL Short Term Bond fund index (Benchmark) & 1 year T Bill Index
(Alternate Benchmark). ^^Current Index performance adjusted for the period from since inception to April 6, 2015 with the performance of CRISIL Short Term Bond fund index (Benchmark) &
1 year T Bill Index (Alternate Benchmark) . ^^^Current Index performance adjusted for the period from since inception to April 20, 2015 with the performance of CRISIL Short Term Bond fund
index (Benchmark) & 1 year T Bill Index (Alternate Benchmark).
3
The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.
¥
@
The benchmark has been changed from I-Sec Composite Index to CRISIL Dynamic Gilt Index* w.e.f. February 01, 2019.
§
$
February 09, 2021. Refer the addendum issued in this regard detailing the changes being carried out to the SID of the Scheme which is available on our website i.e. www.idfcmf.com.
ICRA Credit Risk Rating

IDFC MMF, IDFC BF-ST, BF-MT, IDFC CBF, IDFC BF-IP, IDFC DBF : “Credit Risk Rating AAAmfs” - 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, IDFC LDF: “Credit Risk Rating A1+mfs” - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the low-
est 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.
Source: ICRA Ltd.
FITCH Credit Quality Rating
IDFC Cash fund: “IND A1+ mfs” - Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have
made.
CARE Credit Quality Rating
IDFC Overnight Fund: “CARE A1+ mfs”- Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that
they have made.
57
SIP Performance
Monthly SIP of `10,000
Since Inception
IDFC Core Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Aug 09, 2005
Fund Returns (%) 69.13 17.87 12.77 12.04 12.50 10.92
Total Value of NIFTY LargeMidcap 250 TRI# 1,65,021 4,98,793 9,02,775 14,34,141 27,38,819 62,84,974
NIFTY LargeMidcap 250 TRI (%)# 76.67 22.40 16.36 15.02 15.76 14.06
Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 53,67,488
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 12.32
Since Inception
IDFC Sterling Value Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 07, 2008
Fund Returns (%) 109.62 21.70 14.00 12.88 14.40 15.37
Total Value of S&P BSE 400 MidSmallCap TRI# 1,75,959 5,19,398 8,96,149 14,26,513 27,16,875 44,08,165
S&P BSE 400 MidSmallCap TRI (%)$ 97.06 25.35 16.06 14.87 15.61 14.68
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.81
Since Inception
IDFC Flexi Cap Fund -Regular Plan - Growth£ 1 Year 3 Years 5 Years 7 Years 10 Years Sep 28, 2005
Fund Returns (%) 55.50 14.37 10.18 9.83 12.87 15.28
S&P BSE 500 TRI (%)# 68.82 20.52 15.45 13.85 14.08 12.69
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.27
Since Inception
IDFC Focused Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 16, 2006
Fund Returns (%) 45.17 14.38 11.56 10.70 10.87 10.23
S&P BSE 500 TRI (%)# 68.82 20.52 15.45 13.85 14.08 12.64
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 12.17
Since Inception
IDFC Large Cap Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jun 09, 2006
Fund Returns (%) 50.16 16.86 13.06 11.48 11.56 10.53
S&P BSE 100 TRI (%)# 63.28 19.40 15.25 13.50 13.59 12.40
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 12.21
Since Inception
IDFC Nifty Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Apr 30, 2010
Fund Returns (%) 61.11 19.13 15.21 13.22 13.07 12.54
Total Value of Nifty 50 TRI# 1,57,215 4,79,258 8,85,929 13,63,806 24,20,309 27,81,984
Nifty 50 TRI (%)# 62.50 19.52 15.60 13.61 13.45 12.90
Past performance may or may not be sustained in future. Income Distribution and Capital Withdrawal are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration.
To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a
period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with
the correct allowance for the time impact of the transactions. The performances given are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct
Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. #Benchmark Returns. ##Alternate Benchmark Returns. Data as on March 31, 2021.
£
February 09, 2021.
58
SIP Performance
Since Inception
IDFC Infrastructure Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 08, 2011
Fund Returns (%) 108.77 19.88 11.27 10.19 9.86 9.80
Total Values of S&P BSE India Infrastructure TRI# 1,81,551 4,72,134 7,65,043 11,22,194 19,17,753 19,41,082
S&P BSE India Infrastructure TRI (%)# 107.71 18.45 9.66 8.15 9.07 9.06
Nifty 50 TRI (%)## 62.50 19.52 15.60 13.61 13.45 13.41
Since Inception
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 26, 2008
Fund Returns (%) 89.77 22.47 15.78 14.31 15.67 15.46
S&P BSE 200 TRI (%)# 66.50 20.39 15.69 14.00 14.15 13.74
Total Value of NIFTY 50 TRI## 1,57,215 4,79,258 8,85,929 13,63,428 24,19,931 34,75,610
NIFTY 50 TRI (%)## 62.50 19.52 15.60 13.60 13.45 13.03
Since Inception
IDFC Arbitrage Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 21, 2006
Fund Returns (%) 3.32 4.46 5.03 5.40 6.10 6.45
Total Value of Nifty 50 Arbitrage Index#$ 1,22,195 3,83,014 6,70,892 9,97,508 15,97,839 NA
Nifty 50 Arbitrage Index Returns (%)#$ 3.43 4.07 4.42 4.84 5.59 NA
Total Value of CRISIL 1 Year T-Bill## 1,22,457 3,94,143 7,02,922 10,59,521 17,01,155 28,29,561
CRISIL 1 Year T-Bill (%)## 3.84 5.98 6.27 6.53 6.79 6.63
Since Inception
IDFC Equity Savings Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jun 09, 2008
Fund Returns (%) 18.84 8.83 6.99 6.58 6.71 6.74
Total Value of 30% Nifty 50 TRI + 70% CRISIL Liquid Fund Index# 1,44,884 4,49,121 7,97,233 12,01,299 19,52,378 28,16,078
30% Nifty 50 TRI + 70% CRISIL Liquid Fund Index Returns (%)# 40.82 14.93 11.32 10.06 9.41 8.95
Total Value of CRISIL 10 Year Gilt Index## 1,21,386 4,04,821 7,15,672 10,92,287 17,58,410 24,78,825
CRISIL 10 Year Gilt Index (%)## 2.16 7.78 6.99 7.39 7.42 7.11
Since Inception
IDFC Dynamic Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Oct 10, 2014
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 NA NA 7,80,000
Total Value as on March 31, 2021 (`) 1,36,440 4,31,941 7,70,475 NA NA 10,48,915
Fund Returns (%) 26.51 12.21 9.95 NA NA 8.99
Total Value of 50% S&P BSE 200 TRI + 50% NIFTY AAA Short
1,43,153 4,53,568 8,24,754 NA NA 11,50,918
Duration Bond Index#$
50% S&P BSE 200 TRI + 50% NIFTY AAA Short Duration Bond
37.85 15.62 12.69 NA NA 11.81
Index Returns (%)#
Total Value of Nifty 50 TRI## 1,57,215 4,79,258 8,85,929 NA NA 12,33,262
Nifty 50 TRI (%)## 62.50 19.52 15.60 NA NA 13.91
Since Inception
IDFC Hybrid Equity Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Dec 30, 2016
Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 5,20,000
Total Value as on March 31, 2021 (`) 1,50,344 4,48,620 NA NA NA 6,55,188
Fund Returns (%) 50.31 14.85 NA NA NA 10.66
1,48,283 4,63,815 NA NA NA 7,05,578
46.71 17.19 NA NA NA 14.15
Index Returns (%)#
Total Value of Nifty 50## 1,57,215 4,79,258 NA NA NA 7,36,433
Nifty 50 TRI (%)## 62.50 19.52 NA NA NA 16.18
Since Inception
IDFC Regular Savings Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 25, 2010
Fund Returns (%) 12.16 7.86 6.87 7.17 8.10 8.18
1,30,209 4,26,182 7,69,659 11,80,018 19,83,937 23,41,815
16.26 11.29 9.91 9.55 9.71 9.59
Index Returns (%)$
CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 7.39 7.42 7.31
59
SIP Performance
Since Inception
IDFC All Seasons Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Sep 13, 2004
Fund Returns (%) 5.55 8.66 8.14 8.12 8.26 8.04
Total Value of NIFTY AAA Short Duration Bond Index# 1,24,112 4,12,587 7,42,379 11,33,665 18,76,016 42,40,524
NIFTY AAA Short Duration Bond Index (%)# 6.46 9.07 8.46 8.43 8.65 8.52
Since Inception
IDFC Cash Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years July 02, 2001
Fund Returns (%) 3.20 4.67 5.47 6.02 6.74 7.04
Total Value of CRISIL Liquid Fund Index# 1,22,429 3,89,685 6,96,393 10,52,270 17,14,103 24,75,246
CRISIL Liquid Fund Index Returns (%)# 3.79 5.22 5.90 6.34 6.93 7.09
Total Value of CRISIL 1 Year T-Bill Index## 1,22,458 3,94,182 7,03,005 10,59,634 17,01,325 24,08,336
CRISIL 1 Year T-Bill Index Returns (%)## 3.83 5.98 6.28 6.53 6.79 6.69
Since Inception
IDFC Ultra Short Term Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years July 18, 2018
Total Value of Nifty Ultra Short Duration Debt Index# 1,22,705 NA NA NA NA 3,57,037
Nifty Ultra Short Duration Debt Index Returns (%)# 4.23 NA NA NA NA 5.67
Total Value of CRISIL 1 Year T-Bill Index## 1,22,455 NA NA NA NA 3,58,020
CRISIL 1 Year T-Bill Index Returns (%)## 3.84 NA NA NA NA 5.87
Since Inception
IDFC Low Duration Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jan 17, 2006
Fund Returns (%) 4.68 6.68 6.98 7.30 7.80 7.83
Total Value of NIFTY Low Duration Debt Index# 1,23,135 3,97,873 7,14,144 10,84,910 17,80,148 34,98,439
NIFTY Low Duration Debt Index Returns (%)# 4.91 6.62 6.91 7.20 7.66 8.01
Since Inception
IDFC Money Manager Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 18, 2003
Fund Returns (%) 3.46 5.18 5.61 6.09 6.68 6.85
Total Value of NIFTY Money Market Index# 1,22,472 3,91,430 6,99,863 10,59,489 17,33,951 45,63,347
NIFTY Money Market Index Returns (%)# 3.87 5.52 6.10 6.53 7.15 7.58
Since Inception
IDFC Banking & PSU Debt Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Mar 07, 2013
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 9,70,000
Total Value as on March 31, 2021 (`) 1,23,757 4,13,680 7,46,687 11,34,507 NA 13,74,560
Fund Returns (%) 5.90 9.25 8.69 8.45 NA 8.44
Total Value of NIFTY Banking & PSU Debt Index# 1,23,592 4,08,606 7,30,891 11,13,712 NA 13,52,799
NIFTY Banking & PSU Debt Index Returns (%)# 5.63 8.41 7.83 7.93 NA 8.06
Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 7,15,626 10,92,225 NA 13,18,474
CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 7.39 NA 7.44
IDFC Bond Fund – Short Term Plan - Since Inception

1 Year 3 Years 5 Years 7 Years 10 Years
Regular Plan - Growth Dec 14, 2000
Fund Returns (%) 5.17 8.07 7.76 7.81 8.02 7.82
Total Value of NIFTY AAA Short Duration Bond Index# 1,24,112 4,12,587 7,42,379 11,33,665 18,76,016 NA
NIFTY AAA Short Duration Bond Index Returns (%)# 6.46 9.07 8.46 8.43 8.65 NA
Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 7,15,626 10,92,225 17,58,320 NA
CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 7.39 7.42 NA
60
SIP Performance
Since Inception
IDFC Corporate Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Jan 12, 2016
Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 NA NA 6,30,000
Total Value as on March 31, 2021 (`) 1,23,897 4,08,808 7,33,653 NA NA 7,78,625
Fund Returns (%) 6.12 8.45 7.98 NA NA 8.00
Total Value of NIFTY AAA Short Duration Bond Index# 1,24,112 4,12,587 7,42,379 NA NA 7,87,821
NIFTY AAA Short Duration Bond Index Returns (%)# 6.46 9.07 8.46 NA NA 8.45
Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 7,15,626 NA NA 7,59,089
CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 NA NA 7.04
IDFC Bond Fund – Medium Term Plan - Since Inception

Regular Plan - Growth July 08, 2003
Fund Returns (%) 3.64 7.70 7.45 7.62 7.84 8.01
Total Value of NIFTY AAA Medium Duration Bond Index# 1,24,453 4,19,223 7,51,237 11,52,851 19,08,104 48,57,214
NIFTY AAA Medium Duration Bond Index Returns (%)# 7.00 10.16 8.93 8.90 8.98 8.61
IDFC Bond Fund – Income Plan - Since Inception

Regular Plan - Growth Jul 14, 2000
Fund Returns (%) 1.99 8.10 7.63 7.89 8.21 7.99
Total Value of CRISIL Composite Bond Fund Index# 1,23,091 4,13,856 7,43,248 11,44,446 18,89,720 NA
CRISIL Composite Bond Fund Index Returns (%)# 4.84 9.28 8.51 8.70 8.79 NA
Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 7,15,626 10,92,225 17,58,320 NA
CRISIL 10 Year Gilt Index Returns (%)## 2.35 7.78 6.99 7.39 7.42 NA
Since Inception
IDFC Dynamic Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years June 25, 2002
Fund Returns (%) 2.45 8.88 8.27 8.43 8.69 8.66
Total Value of CRISIL Composite Bond Fund Index# 1,23,091 4,13,856 7,43,248 11,44,446 18,89,720 25,73,755
CRISIL Composite Bond Fund Index Returns (%)# 4.84 9.28 8.51 8.70 8.79 8.58
Since Inception
IDFC Emerging Businesses Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Feb 25, 2020
Total Value of S&P BSE 250 SmallCap TRI# 1,80,937 NA NA NA NA 2,09,639
S&P BSE 250 SmallCap TRI (%)$ 106.54 NA NA NA NA 86.42
Total Value of Nifty 50 TRI## 1,57,215 NA NA NA NA 1,83,315
Nifty 50 TRI (%)## 62.50 NA NA NA NA 52.62
IDFC Government Securities Fund - Investment Plan - Since Inception

Regular Plan - Growth March 09, 2002
Fund Returns (%) 2.75 10.05 9.27 9.28 9.50 9.37
Total Value of CRISIL Dynamic Gilt Index# 1,21,895 4,10,096 7,33,787 11,28,206 18,61,010 25,26,857
CRISIL Dynamic Gilt Index Returns (%)# 2.96 8.66 7.99 8.30 8.50 8.30
IDFC Government Securities Fund - Constant Maturity Plan Since Inception

- Regular Plan - Growth March 09, 2002
Fund Returns (%) 2.57 10.43 10.42 10.24 10.19 7.93
Total Value of CRISIL 10 year Gilt Index# 1,21,504 4,04,818 7,15,626 10,92,225 17,58,320 45,49,536
CRISIL 10 year Gilt Index Returns (%)# 2.35 7.78 6.99 7.39 7.42 6.72
61
SIP Performance
IDFC Asset Allocation Fund of Fund - Conservative Plan Since Inception

Regular Plan - Growth Feb 11, 2010
Fund Returns (%) 12.24 7.87 7.22 7.47 8.20 8.25
Total Value of 15% S&P BSE 200 TRI + 80% CRISIL Short Term Index
1,23,739 4,25,149 7,70,931 11,93,828 20,06,875 23,64,304
+ 5% Gold Prices#
15% S&P BSE 200 TRI + 80% CRISIL Short Term Index + 5% Gold
5.87 11.12 9.97 9.88 9.93 9.75
Prices#
IDFC Asset Allocation Fund of Fund - Moderate Plan Since Inception

Fund Returns 22.54 9.42 7.78 7.85 8.67 8.73
1,31,096 4,40,505 7,92,702 12,23,446 20,51,579 24,15,639
+ 5% Gold Prices#
17.70 13.58 11.09 10.57 10.35 10.11
Prices#
IDFC Asset Allocation Fund of Fund - Aggressive Plan Since Inception

Fund Returns 39.07 11.90 8.73 8.40 9.20 9.16
1,37,659 4,53,856 8,35,269 13,04,902 23,08,306 27,23,870
+ 5% Gold Prices#
28.58 15.66 13.21 12.37 12.56 12.10
Prices#
Nifty 50 TRI Returns (%)## 63.26 19.57 15.61 13.61 13.45 12.84
IDFC Credit Risk Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception
Mar 03, 2017
Total Amount Invested (`) 1,20,000 3,60,000 NA NA NA 4,90,000
Total Value as on March 31, 2021 (`) 1,23,564 3,99,475 NA NA NA 5,62,499
Fund Returns 5.59 6.89 NA NA NA 6.71
Total Value of 65% NIFTY AA Short Duration Bond Index + 35%
1,26,434 4,08,677 NA NA NA 5,77,347
NIFTY AAA Short Duration Bond Index Index
65% NIFTY AA Short Duration Bond Index + 35% NIFTY AAA Short
10.16 8.43 NA NA NA 8.00
Duration Bond Index Returns (%)##
Total Value of CRISIL 10 Year Gilt Index## 1,21,504 4,04,818 NA NA NA 5,68,720
CRISIL 10 Year Gilt Index Returns 2.35 7.78 NA NA NA 7.25
Income Distribution and Capital Withdrawal History

Last 3 Gross IDCW* (`/unit) :
Date Plan IDCW* NAV Date Plan IDCW* NAV Date Plan IDCW* NAV
IDFC Core Equity Fund IDFC Large Cap Fund IDFC Equity Savings Fund
16-Mar-20 Regular Plan 1.03 12.0100 16-Mar-20 Regular Plan 1.04 12.1800 22-Mar-21 Reg Plan Monthly 0.03 13.5300
26-Feb-21 Reg Plan Monthly 0.03 13.5500
14-Mar-19 Regular Plan 0.09 15.4200 19-Mar-19 Regular Plan 0.87 15.1200
28-Jan-21 Reg Plan Monthly 0.03 13.3600
12-Mar-18 Regular Plan 1.01 16.4254 19-Mar-18 Regular Plan 0.89 14.7165 22-Mar-21 Reg Plan Annually 0.31 11.9500
IDFC Sterling Value Fund IDFC Hybrid Equity Fund 27-Mar-19 Reg Plan Annually 0.58 10.9500
20-Mar-20 Regular Plan 0.73 12.8800 09-Feb-18 Regular Plan 0.20 10.6427 22-Mar-18 Reg Plan Annually 0.54 11.1284
22-Mar-21 Reg Plan Quarterly 0.04 11.4700
16-Feb-18 Regular Plan 1.38 23.2025 13-Nov-17 Regular Plan 0.20 10.7448
26-Jun-20 Reg Plan Quarterly 0.08 10.3100
10-Mar-17 Regular Plan 1.31 18.6235 22-Aug-17 Regular Plan 0.30 10.7588
27-Dec-19 Reg Plan Quarterly 0.16 10.4600
IDFC Flexi Cap Fund$ IDFC Arbitrage Fund
Date Plan Freq IDCW* NAV
20-Mar-20 Regular Plan 1.39 25.5900 25-Mar-21 Reg Plan Monthly 0.02 12.8393
IDFC Tax Advantage Fund
1-Mar-19 Regular Plan 1.89 32.2300 26-Feb-21 Reg Plan Monthly 0.02 12.8270
27-Mar-19 Reg Plan - 0.42 16.7300
22-Mar-18 Regular Plan 2.17 35.0577 28-Jan-21 Reg Plan Monthly 0.02 12.8183
27-Sep-18 Reg Plan - 0.48 16.8600
IDFC Focused Equity Fund 20-Mar-20 Reg Plan Annually 0.78 11.0356 09-Feb-18 Reg Plan - 0.68 18.6811
16-Mar-20 Regular Plan 0.67 10.7600 15-Mar-19 Reg Plan Annually 0.58 11.0691 IDFC Regular Savings Fund
26-Mar-18 Regular Plan 0.83 13.4883 22-Mar-18 Reg Plan Annually 0.58 11.0192 26-Mar-21 Reg Plan IDCW* 0.0337 13.4638
10-Nov-17 Regular Plan 2.00 15.6283 26-Feb-21 Reg Plan IDCW* 0.0338 13.4523
$
Note: “IDFC Multi Cap Fund” has been re-categorized from the Multi Cap Fund Category to the Flexi Cap Fund category and 28-Jan-21 Reg Plan IDCW* 0.0340 13.4142
has been renamed as “IDFC Flexi Cap Fund“ with effect from February 09, 2021.
*Income Distribution and Capital Withdrawal
62
Income Distribution and Capital Withdrawal History
Last 3 Gross IDCW* (`/unit) :
Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV Date Plan Freq IDCW* NAV
26-Mar-21 Reg Plan Quarterly 0.1343 13.4212 IDFC Banking & PSU Debt Fund IDFC GSF - Constant Maturity Plan
24-Dec-20 Reg Plan Quarterly 0.1340 13.4631 26-Mar-21 Reg Plan Monthly 0.0273 10.6944 28-Dec-20 Reg Plan Monthly 0.0343 10.4386
28-Sep-20 Reg Plan Quarterly 0.1303 12.9398 28-Dec-20 Reg Plan Monthly 0.0224 10.6895 25-Nov-20 Reg Plan Monthly 0.0483 10.4526
IDFC Asset Allocation Fund of Fund - CP 25-Nov-20 Reg Plan Monthly 0.0914 10.7585 28-Oct-20 Reg Plan Monthly 0.1492 10.5535
22-Mar-21 Reg Plan IDCW* 0.1575 15.6602 24-Dec-20 Reg Plan Quarterly 0.2121 10.7624 24-Dec-20 Reg Plan Quarterly 0.3439 11.6655
24-Dec-20 Reg Plan IDCW* 0.1552 15.5765 28-Sep-20 Reg Plan Quarterly 0.1269 10.6666 28-Sep-20 Reg Plan Quarterly 0.0323 11.3468
26-Jun-20 Reg Plan Quarterly 0.7573 11.2765 26-Jun-20 Reg Plan Quarterly 0.6924 11.9907
28-Sep-20 Reg Plan IDCW* 0.1517 15.1221
24-Mar-21 Reg Plan Annually 0.8783 11.8048 25-Mar-21 Reg Plan Periodic 0.9393 13.6046
IDFC Asset Allocation Fund of Fund - MP 24-Mar-20 Reg Plan Annually 0.4140 10.9291 24-Mar-20 Reg Plan Periodic 4.9277 17.4352
22-Mar-21 Reg Plan IDCW* 0.1785 17.5618 27-Mar-19 Reg Plan Annually 0.6630 10.8927 IDFC Credit Risk Fund
24-Dec-20 Reg Plan IDCW* 0.1714 17.2714 25-Mar-21 Reg Plan Adhoc 0.9969 11.3656
28-Sep-20 Reg Plan IDCW* 0.1638 16.2373 24-Mar-20 Reg Plan - 2.3203 12.4468
28-Sep-20 Reg Plan Quarterly 0.1323 10.4009
IDFC Asset Allocation Fund of Fund - AP 22-Mar-17 Reg Plan - 0.7400 10.8523
17-Mar-16 Reg Plan - 0.8028 10.8927
22-Mar-21 Reg Plan IDCW* 0.1902 18.6201 24-Mar-21 Reg Plan Half Yearly 0.2000 10.3787
24-Dec-20 Reg Plan IDCW* 0.1776 17.9527 IDFC Bond Fund – Short Term Plan 28-Sep-20 Reg Plan Half Yearly 0.3934 10.5069
28-Sep-20 Reg Plan IDCW* 0.1646 16.2036 26-Mar-21 Reg Plan Monthly 0.0135 10.3679 24-Mar-20 Reg Plan Half Yearly 0.3282 10.3282
28-Dec-20 Reg Plan Monthly 0.0219 10.3763 24-Mar-21 Reg Plan Annually 0.7165 10.8041
IDFC Dynamic Equity Fund
25-Nov-20 Reg Plan Monthly 0.0693 10.4237 24-Mar-20 Reg Plan Annually 0.7287 10.7486
18-Dec-20 Reg Plan IDCW* 0.12 12.1700 24-Dec-20 Reg Plan Quarterly 0.1823 10.6831 27-Mar-19 Reg Plan Annually 0.5847 10.6769
15-Jun-20 Reg Plan IDCW* 0.10 10.4300 28-Sep-20 Reg Plan Quarterly 0.1214 10.6141 25-Mar-21 Reg Plan Periodic 0.7163 10.8010
28-Jan-20 Reg Plan IDCW* 0.15 11.3200 26-Jun-20 Reg Plan Quarterly 0.3096 10.7827 24-Mar-20 Reg Plan Periodic 2.0280 12.0412
22-Mar-21 Reg Plan Adhoc 0.13 12.4700 24-Mar-21 Reg Plan Annually 0.6795 11.1330 IDFC Infrastructure Fund
IDFC Corporate Bond Fund 24-Mar-20 Reg Plan Annually 0.6115 10.6885
15-Mar-18 Reg Plan IDCW* 1.09 18.1944
27-Mar-19 Reg Plan Annually 0.7047 10.7630
28-Dec-20 Reg Plan Monthly 0.0272 10.6167 IDFC Ultra Short Term Fund
25-Nov-20 Reg Plan Monthly 0.0998 10.6893 IDFC Bond Fund - Medium Term Plan
26-Mar-21 Reg Plan Monthly 0.0293 10.0697
28-Oct-20 Reg Plan Monthly 0.1708 10.7603 28-Dec-20 Reg Plan Monthly 0.0311 10.2542
25-Mar-21 Reg Plan Periodic 1.1843 11.2944 25-Nov-20 Reg Plan Monthly 0.0762 10.2993
28-Jan-21 Reg Plan Monthly 0.0187 10.0591
24-Mar-20 Reg Plan Periodic 2.6930 12.6930 28-Oct-20 Reg Plan Monthly 0.1340 10.3571
30-Aug-16 Reg Plan Periodic 0.3034 10.6393 28-Jan-21 Reg Plan BiMonthly 0.0091 11.8499
25-Nov-20 Reg Plan BiMonthly 0.1872 12.0213
24-Dec-20 Reg Plan Quarterly 0.2951 10.7090 26-Jun-20 Reg Plan Quarterly 0.2908 10.3539
28-Jul-20 Reg Plan BiMonthly 0.3036 12.0816
28-Sep-20 Reg Plan Quarterly 0.1237 10.5322 25-Mar-21 Reg Plan Periodic 0.5945 10.6084
26-Jun-20 Reg Plan Quarterly 0.7633 11.1705 24-Mar-20 Reg Plan Periodic 1.2396 11.2396
24-Mar-21 Reg Plan Half Yearly 0.2232 10.9734 IDFC Overnight Fund
28-Sep-20 Reg Plan Half Yearly 0.8957 11.5688 25-Mar-21 Reg Plan Periodic 0.9671 12.4644 26-Mar-21 Reg Plan Monthly 2.3343 1002.3343
24-Mar-20 Reg Plan Half Yearly 0.1733 10.7057 24-Mar-20 Reg Plan Periodic 3.8497 15.2628 26-Feb-21 Reg Plan Monthly 2.2130 1,002.2130
24-Mar-21 Reg Plan Annually 1.1825 11.2939 28-Jan-21 Reg Plan Monthly 2.4235 1,002.4235
24-Mar-20 Reg Plan Annually 0.6689 10.6688 IDFC Nifty Fund
28-Sep-20 Reg Plan Quarterly 0.0007 11.8745 16-Mar-20 Reg Plan IDCW* 1.67 19.3473
IDFC All Seasons Bond Fund 26-Jun-20 Reg Plan Quarterly 0.6747 12.5189 IDFC Floating Rate Fund
28-Sep-20 Reg Plan Half Yearly 1.0296 12.4962 24-Mar-21 Reg Plan Half Yearly 0.0215 11.6172 26-Mar-21 Reg Plan Monthly 0.0088 10.0181
24-Mar-20 Reg Plan Half Yearly 0.4138 11.8571 28-Sep-20 Reg Plan Half Yearly 0.7184 12.1910 26-Feb-21 Reg Plan Monthly 0.0043 10.0043
25-Sep-19 Reg Plan Half Yearly 0.6095 12.2946 24-Mar-20 Reg Plan Half Yearly 0.4895 11.9319 24-Mar-21 Reg Plan Quarterly 0.0007 10.0202
24-Dec-20 Reg Plan Quarterly 0.2352 12.6127 24-Mar-21 Reg Plan Annually 0.7595 12.1514 24-Mar-21 Reg Plan Annual 0.0007 10.0202
28-Sep-20 Reg Plan Quarterly 0.1423 12.5091 24-Mar-20 Reg Plan Annually 1.2506 12.5138
IDCW* is not guaranteed and past performance may or
26-Jun-20 Reg Plan Quarterly 0.8506 13.1940 27-Mar-19 Reg Plan Annually 0.8554 12.2050
may not be sustained in future. Pursuant to payment of
25-Mar-21 Reg Plan Periodic 0.7745 12.1024
24-Mar-20 Reg Plan Annually 0.4774 12.3716 IDCW*, the NAV of the scheme would fall to the extent
24-Mar-20 Reg Plan Periodic 4.8512 16.0729 of payout and statutory levy (as applicable). IDCW*
20-Mar-18 Reg Plan Annually 0.5177 12.0386 IDFC Dynamic Bond Fund received is subject to applicable IDCW* distribution
24-Mar-20 Reg Plan - 2.5060 12.6882 tax. Face Value of all above schemes (excluding IDFC
22-Mar-17 Reg Plan - 1.1800 11.4289
Cash Fund) is `10/- per unit. Face value of IDFC Cash
24-Mar-20 Reg Plan Periodic 3.2669 15.1634 Fund is `1000/- per unit. Past performance may or
17-Mar-16 Reg Plan - 0.4301 10.5543
IDFC Cash Fund may not be sustained in future.
26-Mar-21 Reg Plan Monthly 2.4721 1002.8022 28-Sep-20 Reg Plan Quarterly 0.0295 11.2631 *Income Distribution and Capital Withdrawal
26-Feb-21 Reg Plan Monthly 2.5122 1,002.8423 26-Jun-20 Reg Plan Quarterly 0.6730 11.8775
28-Jan-21 Reg Plan Monthly 2.3686 1,002.6987 24-Mar-21 Reg Plan Annually 0.8172 11.7026
25-Mar-21 Reg Plan Periodic 40.7732 1,108.0189 24-Mar-20 Reg Plan Annually 1.2748 12.0410
24-Mar-20 Reg Plan Periodic 502.5866 1568.8403 27-Mar-19 Reg Plan Annually 0.8346 11.6640
12-Sep-14 Reg Plan Periodic 162.4309 1277.5068 24-Mar-21 Reg Plan Half Yearly 0.0410 10.5182
28-Sep-20 Reg Plan Half Yearly 0.7122 11.0822
IDFC Low Duration Fund
24-Mar-20 Reg Plan Half Yearly 0.4933 10.8346
26-Mar-21 Reg Plan Monthly 0.0412 10.1435
28-Jan-21 Reg Plan Monthly 0.0077 10.1100 25-Mar-21 Reg Plan Adhoc 0.7880 11.0625
IDFC GSF – Investment Plan
12-Sep-14 Reg Plan Periodic 0.9994 11.0480
28-Sep-20 Reg Plan Quarterly 0.1121 10.8488 24-Mar-20 Reg Plan Annually 1.4613 12.1473
IDFC Money Manager Fund 27-Mar-19 Reg Plan Annually 1.0100 11.7468
26-Mar-21 Reg Plan Monthly 0.0315 10.2818 24-Mar-20 Reg Plan - 2.8539 13.0966
26-Feb-21 Reg Plan Monthly 0.0257 10.2760 22-Mar-17 Reg Plan - 1.2400 11.5375
28-Jan-21 Reg Plan Monthly 0.0160 10.2663 17-Mar-16 Reg Plan - 0.3826 10.5257
28-Sep-20 Reg Plan Half Yearly 0.7874 11.5389
25-Mar-21 Reg Plan Adhoc 0.8517 11.1927
63
Equity Fund (Scheme Categorisation)
Sr. New SEBI Scheme
New Scheme Name Old Scheme Name Scheme Description Benchmark SEBI Regulation
No. Category
Minimum investment in equity & equity related instruments of

Large & Mid Cap Fund - An open ended
NIFTY LargeMidcap large cap companies- 35% of total assets
1 IDFC Core Equity Fund IDFC Classic Equity Fund Large and Mid Cap equity scheme investing in both large cap
250 TRI Minimum investment in equity & equity related instruments of
and mid cap stocks
mid cap stocks- 35% of total assets
Scheme should follow a value investment strategy and

IDFC Sterling Equity An open ended equity scheme following a S&P BSE 400
2 IDFC Sterling Value Fund Value minimum investment in equity & equity related instruments -
Fund value investment strategy MidSmallCap TRI
65% of total assets
Flexi Cap Fund - An open ended equity

Minimum investment in equity & equity related instruments-
3 IDFC Flexi Cap Fund IDFC Multi Cap Fund Flexi Cap scheme investing across large cap, mid cap, S&P BSE 500 TRI
65% of total assets
small cap stocks
A scheme focused on the number of stocks (maximum 30)

IDFC Focused Equity An open ended equity scheme investing in
4 IDFC Focused Equity Fund Focused S&P BSE 500 TRI Minimum investment in equity & equity related instruments -
Fund maximum 30 stocks with multi cap focus
65% of total assets
Large Cap Fund - An open ended equity

Minimum investment in equity & equity related instruments of
5 IDFC Large Cap Fund IDFC Equity Fund Large Cap scheme predominantly investing in large S&P BSE 100 TRI
large cap companies- 80% of total assets
cap stocks
An open ended equity linked saving scheme Minimum investment in equity & equity related instruments -
IDFC Tax Advantage (ELSS) IDFC Tax Advantage
6 ELSS with a statutory lock in of 3 years and tax S&P BSE 200 TRI 80% of total assets (in accordance with Equity Linked Saving
Fund (ELSS) Fund
benefit. Scheme, 2005 notified by Ministry of Finance)
An open ended equity scheme investing in S&P BSE India Minimum investment in equity & equity related instruments of
7 IDFC Infrastructure Fund IDFC Infrastructure Fund Sectoral/Thematic
Infrastructure sector. Infrastructure TRI the Infrastructure sector - 80% of total assets
An open ended scheme tracking Nifty 50 Minimum investment in securities of Nifty 50 index - 95% of
8 IDFC Nifty Fund IDFC Nifty Fund Index Nifty 50 TRI
Index total assets
ETF structure
An open ended scheme tracking NIFTY 50
9 IDFC Nifty ETF IDFC Nifty ETF Exchange Traded Fund Nifty 50 TRI Minimum investment in securities of Nifty 50 index - 95% of
index.
total assets
ETF structure
An open ended scheme tracking S&P BSE
10 IDFC Sensex ETF IDFC Sensex ETF Exchange Traded Fund S&P BSE Sensex TRI Minimum investment in securities of BSE Sensex index - 95%
Sensex index
of total assets
IDFC Emerging Businesses An open ended equity scheme S&P BSE 250 Minimum investment in equity & equity related instruments of
11 Small Cap Fund
Fund predominantly investing in small cap stocks SmallCap TRI small cap companies- 65% of total assets
64
Debt Fund (Scheme Categorisation)
Sr. No. New Scheme Name Old Scheme Name New SEBI Scheme Category Scheme Description SEBI Regulation
An open ended dynamic debt scheme investing across
1 IDFC Dynamic Bond Fund IDFC Dynamic Bond Fund Dynamic Bond Investment across duration
duration
An open ended medium term debt scheme investing Investment in Debt & Money Market Instruments such that
IDFC Super Saver Income Medium to Long
2 IDFC Bond Fund - Income Plan in instruments such that the Macaulay duration of the the Macaulay duration of the portfolio is between 4 years
Fund - Investment Plan Duration Fund portfolio is between 4 years and 7 years and 7 years
An open ended medium term debt scheme investing Investment in Debt & Money Market instruments such that
IDFC Super Saver Income
3 IDFC Bond Fund - Medium Term Plan Medium Duration Fund in instruments such that the Macaulay duration of the the Macaulay duration of the portfolio is between 3 years
Fund - Medium Term Plan portfolio is between 3 years and 4 years – 4 years.
IDFC Government Securities IDFC Government Securities An open ended debt scheme investing in government Minimum investment in Gsecs- 80% of total assets (across
4 Gilt Fund
Fund - Investment Plan Fund - Investment Plan securities across maturities maturity)
An open ended debt scheme predominantly investing in Minimum investment in corporate bonds – 65% of total
5 IDFC Credit Risk Fund IDFC Credit Opportunities Fund Credit Risk Fund AA and below rated corporate bonds assets (only in AA and below rated corporate bonds)
An open ended short term debt scheme investing in Investment in Debt & Money Market instruments such
IDFC Super Saver Income
6 IDFC Bond Fund - Short Term Plan Short Duration Fund instruments such that the Macaulay duration of the that the Macaulay duration of the portfolio is between 1
Fund - Short Term Plan portfolio is between 1 year and 3 years. year – 3 years
An open ended debt scheme predominantly investing in Minimum investment in Debt instruments of banks, Public
7 IDFC Banking & PSU Debt Fund IDFC Banking & PSU Debt Fund Banking and PSU Fund debt instruments of banks, Public Sector Undertakings, Sector Undertakings, Public Financial Institutions- 80% of
Public Financial Institutions and Municipal Bonds. total assets
An open ended debt scheme predominantly investing in Minimum investment in corporate bonds – 80% of total
8 IDFC Corporate Bond Fund IDFC Corporate Bond Fund Corporate Bond Fund AA+ and above rated corporate bonds. assets (only in AA+ and above rated corporate bonds)
An open ended fund of fund scheme investing in debt Minimum investment in the underlying fund- 95% of total
9 IDFC All Seasons Bond Fund IDFC All Seasons Bond Fund Fund of Funds (Domestic) oriented mutual fund schemes (including liquid and money assets
market schemes) of IDFC Mutual Fund
Minimum investment in Gsecs- 80% of total assets such
IDFC Government Securities IDFC Government Securities Gilt Fund with 10 year An open ended debt scheme investing in government
10 that the Macaulay duration of the portfolio is equal to 10
Fund - Constant Maturity Plan Fund - Short Term Plan constant duration securities having a constant maturity of 10 years years
Investment in Debt and money market securities with
11 IDFC Cash Fund IDFC Cash Fund Liquid Fund An open ended liquid scheme maturity of upto 91 days only
An open ended low duration debt scheme investing in Investment in Debt & Money Market instruments such
instruments
12 IDFC Low Duration Fund IDFC Ultra Short Term Fund Low Duration Fund that the Macaulay duration of the portfolio is between 6
such that the Macaulay duration of the portfolio is between months- 12 months
6 months and 12 months
IDFC Money Manager "Money Market Fund An open ended debt scheme investing in money market Investment in Money Market instruments having maturity
13 IDFC Money Manager Fund Fund - Treasury Plan (non-liquid)" instruments upto 1 year
An open-ended Debt Scheme investing in overnight
14 IDFC Overnight Fund Overnight Investment in overnight securities having maturity of 1 day
securities
An open-ended ultra-short term debt scheme investing Investment in Debt & Money Market instruments such
15 IDFC Ultra Short Term Fund Ultra Short Duration in instruments such that the Macaulay duration of the that the Macaulay duration of the portfolio is between 3
portfolio is between 3 to 6 months months - 6 months
An Open-ended Debt Scheme predominantly investing in
floating rate instruments (including fixed rate instruments Minimum investment in floating rate instruments- 65% of
16 IDFC Floating Rate Fund Floater Fund converted to floating rate exposures using swaps/ total assets
derivatives)
An open-ended Target Maturity Index fund investing in Minimum investment in securities of CRISIL Gilt 2027
17 IDFC Gilt 2027 Index Fund Index constituents of CRISIL Gilt 2027 Index Index - 95% of total assets
An open-ended Target Maturity Index fund investing in Minimum investment in securities of CRISIL Gilt 2028
18 IDFC Gilt 2028 Index Fund Index constituents of CRISIL Gilt 2028 Index Index - 95% of total assets
Hybrid Fund (Scheme Categorisation)

Sr. New SEBI Scheme
New Scheme Name Old Scheme Name Scheme Description Benchmark SEBI Regulation
No. Category
50% S&P BSE 200 TRI + 50%
IDFC Dynamic Equity IDFC Dynamic Equity An open ended dynamic asset allocation
1 Dynamic Asset Allocation NIFTY AAA Short Duration Investment in equity/ debt that is managed dynamically
Fund Fund fund
Bond Index
An open ended hybrid scheme investing 65% S&P BSE 200 TRI + 35% Equity & Equity related instruments- between 65% and 80% of total
2 IDFC Hybrid Equity Fund IDFC Balanced Fund Aggressive Hybrid Fund predominantly in equity and equity related NIFTY AAA Short Duration assets;
instruments Bond Index Debt instruments- between 20% 35% of total assets
IDFC Equity Savings IDFC Arbitrage Plus An open ended scheme investing in equity, 30% Nifty 50 + 70% CRISIL Minimum investment in equity & equity related instruments- 65% of total
3 Equity Savings
Fund Fund arbitrage and debt Liquid Fund Index assets and minimum investment in debt- 10% of total assets
15% S&P BSE 200 TRI + 85% Investment in equity & equity related instruments- between 10% and 25%
IDFC Regular Savings IDFC Monthly Income An open ended hybrid scheme investing
4 Conservative Hybrid Fund NIFTY AAA Short Duration of total assets; Investment in Debt instruments- between 75% and 90% of
Fund Plan predominantly in debt instruments
Bond Index total assets
65
Fund Manager Details
Total Experience of Fund Managers
Name Years Name Years
Mr. Anoop Bhaskar – Head Equity 29+ Mr. Harshal Joshi 11+
Mr. Anurag Mittal 12+ Mr. Sachin Relekar 10+
Mr. Arpit Kapoor 14+ Mr. Sumit Agrawal 14+
Mr. Arvind Subramanian 9+ Mr. Suyash Choudhary - Head Fixed Income 18+
Mr. Brijesh Shah 12+ Mr. Yogik Pitti 12+
Mr. Daylynn Pinto 14+
How to read Factsheet

Fund Manager Modified Duration
An employee of the asset management company such as a mutual fund or life Modified duration is the price sensitivity and the percentage change in price
insurer, who manages investments of the scheme. He is usually part of a larger for a unit change in yield
team of fund managers and research analysts. Macaulay Duration
Application Amount for Fresh Subscription The Macaulay duration is the weighted average term to maturity of the cash
This is the minimum investment amount for a new investor in a mutual fund flows from bonds. In other words, it is the weighted average number of
scheme, years an investor must maintain a position in the bond until the present
Minimum Additional Amount value of the bond's cash flows equals the amount paid for the bond.
This is the minimum investment amount for an existing investor in a mutual Standard Deviation
fund scheme. Standard deviation is a statistical measure of the range of an investment’s
Yield to Maturity performance. When a mutual fund has a high standard deviation, its means
The Yield to Maturity or the YTM is the rate of return anticipated on a bond its range of performance is wide, implying greater volatility.
if held until maturity. YTM is expressed as an annual rate. The YTM factors in Sharpe Ratio
the bond’s current market price, par value, coupon interest rate and time to The Sharpe Ratio, named after its founder, the Nobel Laureate William
maturity. Sharpe, is a measure of risk-adjusted returns. It is calculated using standard
SIP deviation and excess return to determine reward per unit of risk.
SIP or systematic investment plan works on the principle of making periodic Beta
investments of a fixed sum. It works similar to a recurring bank deposit. For Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of
instance, an investor may opt for an SIP that invests Rs 500 every 15th of the less than 1 means that the security will be less volatile than the market. A
month in an equity fund for a period of three years. beta of greater than 1 implies that the security’s price will be more volatile
NAV than the market.
The NAV or the net asset value is the total asset value per unit of the AUM
mutual fund after deducting all related and permissible expenses. The NAV AUM or assets under management refers to the recent / updated cumulative
is calculated at the end of every business day. It is the value at which the market value of investments managed by a mutual fund or any investment
investor enters or exits the mutual fund. firm.
Benchmark Holdings
A group of securities, usually a market index, whose performance is used The holdings or the portfolio is a mutual fund’s latest or updated reported
as a standard or benchmark to measure investment performance of mutual statement of investments/securities. These are usually displayed in terms
funds, among other investments. Some typical benchmarks include the Nifty, of percentage to net assets or the rupee value or both. The objective is to
Sensex, BSE200, BSE500, 10-Year Gsec. give investors an idea of where their money is being invested by the fund
Entry Load manager.
A mutual fund may have a sales charge or load at the time of entry and/or Nature of Scheme
exit to compensate the distributor/agent. Entry load is charged at the time an The investment objective and underlying investments determine the
investor purchases the units of a mutual fund. The entry load is added to the nature of the mutual fund scheme. For instance, a mutual fund that aims
prevailing NAV at the time of investment. For instance, if the NAV is `100 and at generating capital appreciation by investing in stock markets is an
the entry load is 1%, the investor will enter the fund at `101. equity fund or growth fund. Likewise, a mutual fund that aims at capital
Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and preservation by investing in debt markets is a debt fund or income fund.
mandated that the upfront commission to distributors will be paid by the Each of these categories may have sub-categories.
investor directly to the distributor, based on his assessment of various factors Rating Profile
including the services rendered by the distributor. Mutual funds invest in securities after evaluating their creditworthiness
Tracking Error as disclosed by the ratings. A depiction of the mutual fund in various
A divergence between the price behavior of a position or a portfolio and the investments based on their ratings becomes the rating profile of the fund.
price behavior of a benchmark Typically, this is a feature of debt funds.
Exit Load
Exit load is charged at the time an investor redeems the units of a mutual fund.
The exit load is deducted from the prevailing NAV at the time of redemption.
For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price
would be ` s99 per unit.
Investment Objective
IDFC Core Equity Fund The Scheme seeks to generate long-term capital growth by investing predominantly in large cap and mid cap stocks.
IDFC Sterling Value Fund The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related
instruments by following a value investment strategy.
IDFC Flexi Cap Fund The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related
instruments. The Scheme portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are
available at cheap valuations. 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 interests of long-term investors. As the scheme would be sold
to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day
redemption pressures. The fund will close subscription, once it has collected a predetermined “manageable” corpus (approximate amount),
which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the
fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there
are sufficient assets available to meet the long-term objectives of the fund.
IDFC Focused Equity Fund The investment objective of the Scheme is seek to generate capital appreciation by investing in a concentrated portfolio of equity and equity
related instruments up to 30 companies. There is no assurance or guarantee that the objectives of the scheme will be realized.
IDFC Large Cap Fund The investment objective of the Scheme is to seek to generate capital growth from predominantly investing in large cap stocks.
66
Investment Objective
IDFC Nifty Fund The investment objective of the scheme is to replicate the Nifty 50 index by investing in securities of the Nifty 50 Index in the same
proportion / weightage.
IDFC Emerging Businesses The Fund seeks to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap
Fund segment.
IDFC Infrastructure Fund 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 participating in and benefiting from growth in Indian infrastructure and
infrastructural related activities.
IDFC Tax Advantage (ELSS) The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity
Fund and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.
IDFC Arbitrage Fund The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity
in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and
by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme
will be realized.
IDFC Equity Savings Fund To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along
with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in
equity and equity related instruments.
IDFC Sensex ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking
errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
IDFC Nifty ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking
errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
IDFC Dynamic Equity Fund The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic
allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective
of the scheme will be to generate in come and capital appreciation through investment in Debt & Money Market instruments. There is no
assurance or guarantee that the objectives of the scheme will be realised.
IDFC Hybrid Equity Fund The Fund seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments. The Fund
also seeks to generate current income by investing in debt securities and money market instruments.
IDFC Regular Savings Fund The primary objective of the Scheme is to generate regular returns through investment predominantly in debt instruments. The secondary
objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’s total assets in equity
securities.
IDFC Asset Allocation Fund of The investment objective of the scheme is to provide diversification across asset classes and generate a mix of capital appreciation and
Fund - Conservative Plan income predominantly through investment in equity funds and debt funds of IDFC Mutual Fund based on a defined asset allocation model.
Fund - Moderate Plan income predominantly through investment in equity funds and debt funds of IDFC Mutual Fund based on a defined asset allocation model.
Fund - Aggressive Plan income predominantly through investment in equity funds and debt funds of IDFC Mutual Fund based on a defined asset allocation model.
IDFC All Seasons Bond Fund The investment objective of the scheme is to generate optimal returns by active management of portfolio that invests predominantly in debt
oriented mutual fund schemes (including liquid and money market schemes) of IDFC Mutual Fund.
IDFC Cash Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy
and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days.
IDFC Overnight Fund The Fund seeks to offer an investment avenue for short term savings by looking to generate returns in line with the overnight rates.
IDFC Ultra Short Term Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a
portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months.
IDFC Low Duration Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy
from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months
and 12 months.
IDFC Money Manager Fund To generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.
IDFC Banking & PSU Debt The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as
Fund Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions(PFIs)
IDFC Corporate Bond Fund The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities
across maturities.
IDFC Floating Rate Fund The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate
instruments swapped for floating returns and other debt and money market instruments.
IDFC Credit Risk Fund The Fund seeks to generate returns by investing predominantly in AA and below rated corporate debt securities across maturities.
IDFC Bond Fund – Short The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over short
Term Plan term such that the Macaulay duration of the portfolio is between 1 year and 3 years.
IDFC Bond Fund – Medium The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium
Term Plan term such that the Macaulay duration of the portfolio is between 3 years and 4 years
IDFC Bond Fund – Income Plan The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium
to long term such that the Macaulay duration of the portfolio is between 4 years and 7 years.
IDFC Dynamic Bond Fund To generate optimal returns by active management of the portfolio by investing in debt and money market instruments across maturities.
IDFC Government Securities The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities such that weighted average portfolio
Fund - Constant Maturity Plan maturity of around 10 years.
IDFC Government Securities The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities across maturities.
Fund - Investment Plan
IDFC Gilt 2027 Index Fund The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as
represented by the CRISIL Gilt 2027 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that
the investment objective of the Scheme will be achieved.
IDFC Gilt 2028 Index Fund The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as
represented by the CRISIL Gilt 2028 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that
the investment objective of the Scheme will be achieved.
67
https://www.sebi.gov.in/legal/circulars/oct-2020/circular-on-product-labeling-in-mutual-fund-
schemes-risk-o-meter_47796.html
WEST
Ahmedabad B Wing, 3rd Floor, Chandan House Opp Gruh Finance, Mithakhali Six Roads, Law Garden, Tel.:079-26460923/925
Ahmedabad 380006.
Bhopal Plot No. 49, First Floor, Above Tata Capital Limited, M P Nagar, Zone II, Bhopal [M.P.] - 462011.
Bhilai 26, Commercial Complex, Nehru Nagar (East), Bhilai, Chhattisgarh, Pin - 490020. Mobile No. 8871144134.
Goa F -27 & F -28, 1st Floor, Alfran Plaza, M.G Road, Opp. Don Bosco High School, Panjim - Goa. 403001,
Tel.: +91-0832-6631022.
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 6th Floor, One World Center, Jupiter Mills Compound, 841 Senapati Bapat Marg, Mumbai - 400013.
Tel No. 6628 9999
Mumbai Ground Floor, Kapoor Apartment CHS, Near Punjabi lane, Chandavarkar Road, Borivali (West), Mumbai -
(Borivali) 400092. Tel.: 022 48794555.
Mumbai Unit No. 27, Ground Floor, Khetan Bhavan, 198, Jamshedji Tata Road, Churchgate, Mumbai-400020.
(Churchgate) Tel.:+912266289999.
Mumbai Office No. 308, Zest Business Spaces, M. G. Road, Ghatkopar (East), (Maharashtra) Mumbai- 400077.
(Ghatkopar)
Mumbai Shop No. 1, Konark Towers, Ghantali Devi Road, Thane (West) 400602.
(Thane)
Nagpur Fortune Business Centre, First Floor, 6, VasantVihar, W. H. C. Rd., Shankar Nagar, Nagpur - 440 010.
Tel.: +91-712-6451428/ 2525657.
Nasik Shop No - 6, Rajvee Enclave, New Pandit Colony, Off Sharanpur Road, Nasik - 422002. Tel.: 0253-2314611.
Pune 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road, Pune - 411 004.
Tel.: +91-20-66020965/ 4.
Raipur T-19,III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C G) - 492001. Tel: 0771-2526606.
Mobile: +91 9589838890.
Rajkot “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-281-6620921 / 2475237.
Surat HG-12, Higher Ground Floor, International Trade Centre,Majura Gate Crossing, Ring Road, Surat - 395 002.
Tel.: +91-261-2475060, 2475070.
Vadodara 301, 2nd Floor, Earth Complex, Opposite Vaccine Ground, Above Indian Overseas Bank, Old Padra Road,
Vadodara - 380015. Tel No.: 0265 - 2339623/2339624/2339325.
Jaipur 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-Scheme, Jaipur - 302 001.
Tel. No. : +91-0141- 2360945, 2360947, 2360948
NORTH
Agra Office No. 307A, 3rd Floor, Block #38/4A, Sumriddhi Business Suites, Sanjay Place, Agra - 282 002.
Tel.:+91- 562-4064889
Amritsar Unit No. SF-1, 2nd Floor, Eminent Mall, Mall Road, Amritsar - 143001. Tel.:+911835030393.
Chandigarh SCO 2469 - 70, 1st Floor, Sector 22C, Chandigarh - 160 022. Tel.: +91 17 2507 1918 / 5071919,
Fax: +91-172-5071918.
Dehradun G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road, Dehradun-248001.
Mobile: 9897934555, 8171872220
Jalandhar 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar-144001. Punjab-India. Tel.: 01815018264.
Kanpur Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel.: +91-512-2331071,
2331119.
Lucknow 1st floor, Aryan Business Park, Exchange Cottage, 90.M.G. Marg, Park Road, Lucknow-226001, Mob: 9792999940,
Tel.: 0522-4928100 - 106, 0522-6888012
Allahabad S. N. Tower, 2nd Floor, 4C, Maharshi Dayanand Marg, Opp. Radio Station, Civil Lines, Allahabad - 211 001.
Mobile: 9026582330
Ludhiana SCO 124, 1st Floor, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: 0161-5022155/ 56/ 57.
New Delhi 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-47311301/ 02/ 03/ 04/ 05.
Varanasi IDFC Asset Management Co. Ltd. 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi - 221010
(U.P). Phone No. 05422226527
Gurugram 117, 1st Floor, Vipul Agora, M. G. Road, Gurugram - 122 001. Ph: 011-47311336.
Pitampura, IDFC AMC LTD., Shop No. 01 and 02, Ground Floor, Pearls Best Heights-II, Plot No. C-9, Pitampura, Delhi,
Delhi Contact Details - 011-47311347
SOUTH
Bengaluru 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bengaluru - 560 001. Tel.: +91-80-43079000/ 01/
02/ 03, Fax - +91-80-43079009.
Chennai K4th Floor, Capitale Tower, 555 Anna Salai, Thiru Vi Ka Kudiyiruppu, Teynampet, Chennai - 600018,
Tamil Nadu. - 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 A Complex , No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore - 641 002.
Hyderabad 3rd Floor, SB Towers, Banjara Hills Road No. 1, Nearby Nagarjuna Circle, Hyderabad -500 034
Madurai No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai - 625 001. Tel.: 0452-6455530.
Mangalore 1st Floor, Crystal Arcade, Balmatta Road, Hampankatta, Mangalore - 575001. Tel.: +91 8242980769.
EAST
Bhubaneswar Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar - 751001. Phone : 0674 6444252 / 0674
2531048 / 0674 2531148.
Guwahati 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati - 781 007. Mobile:
9207410763, 9207410764, 9207410765, 9207410766.
Jamshedpur IDFC Mutual Fund, Room No.111, 1st Floor, Yashkamal Complex, Main Road, Bistupur, Jamshedpur-831001, Ph No.
0657-2230112/111/222, Mobile No. : 9431102883.
Kolkata Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-40171000/ 1005.
Patna 406, Ashiana Hariniwas, New Dakbanglow Road, Patna - 800 001. Tel.: +91-612-6510353.
Ranchi Shop No. 104 and 105, 1st Floor, Satya Ganga Arcade, Vinod Ashram Road, Ranchi - 834001.
Te.: 0651-221259/92.
Durgapur
6/2A, Suhatta, 6th Floor, City Centre, Durgapur - 713216. Phone No.: +91 8537867746.
(West Bengal)
@IDFCAMC IDFC
C Mutual
M ual Fund
Mutu IDFC
C Mutu
Mutual Fund
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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FACTSHEET

31st March 2021

"Ratios calculated on the basis of 3 years history of monthly data

IDFC Overnight Fund IDFC Ultra Short Term Fund

Liquidity: For very short term parking of surplus or emergency corpus

Globally, equities remained volatile after

The Macro Picture

Source: Bloomberg. Returns are absolute

FUND FEATURES PORTFOLIO

NAV (`) as on March 31, 2021

Investors understand that their principal will be at Very High risk

This product is suitable for investors who are

FUND FEATURES PORTFOLIO

Size Name % of NAV Name % of NAV

Regular Plan Growth 112.35

40.0% 31.5% Scheme Benchmark

Investors understand that their principal will be at Very High risk

FUND FEATURES PORTFOLIO

Total Expense Ratio

SECTOR ALLOCATION MARKET CAP

40.0% Scheme Benchmark

• To create wealth over long term.

FUND FEATURES PORTFOLIO

NAV (`) as on March 31, 2021

Investors understand that their principal will be at Very High risk

This product is suitable for investors who are

FUND FEATURES PORTFOLIO

SECTOR ALLOCATION MARKET CAP

FUND FEATURES PORTFOLIO

NAV (`) as on March 31, 2021

FUND FEATURES PORTFOLIO

About the Fund: A dedicated Infrastructure fund, 

NAV (`) as on March 31, 2021

Investors understand that their principal will be at Very High risk

This product is suitable for investors who are

FUND FEATURES PORTFOLIO

FUND FEATURES PORTFOLIO

Name % of NAV Name % of NAV

Investment Objective: Refer Pg No from 66 to 67

Exit Load: Nil

NAV (`) as on March 31, 2021

FUND FEATURES PORTFOLIO

Name % of NAV Name % of NAV

NAV (`) as on March 31, 2021

FUND FEATURES PORTFOLIO

FUND FEATURES PORTFOLIO

FUND FEATURES PORTFOLIO

NAV (`) as on March 31, 2021

FUND FEATURES PORTFOLIO

SIP (Minimum Amount): ` 100/- (Minimum 6 

FUND FEATURES PORTFOLIO

NAV (`) as on March 31, 2021

FUND FEATURES FUND FEATURES FUND FEATURES

PORTFOLIO FUND FEATURES

Conservative Moderate Aggressive Standard Allocation % to net assets

Month end AUM: ` 154.97 Crores

Inception Date: 13 September 2004

Mr. Harshal Joshi (w.e.f 15th July 2016)

Standard Deviation (Annualized) 2.60%