IDFC FMP 3 Year Series 5 - Securities and Exchange Board of India

TABLE OF CONTENTSI. INDEXParticularsPageNos.I. Highlights/Summary, Risk Factors and Due DiligenceHighlights 5Risk Factors 7Scheme Specific Risks Factors & Special Considerations 8Definitions and Abbreviations 9Due Diligence Certificate 14II. Information about the schemeA. Type of Scheme 15B. Investment Objective 15C. Asset Allocation 15Debt and Money Markets in India 15D. Where will the scheme invest? 16E. Investment Strategies and Risk Control 17Portfolio Turnover 18F. Fundamental Attributes 18G. How will the scheme benchmark its performance? 19H. Who Manages the scheme 19I. What are the Investment Restrictions? 19J. How has the scheme performed? 21III. Units and Offer 21A. New Fund Offer (NFO) 21Account Statements 22Unit Certificates 23Who can Invest? 23How to Apply? 23Mandatory Quoting of Bank Mandate and PAN Number by Investors 25Listing and Transfer of Units 25Pledge of Units for Loans 26Phone Transact 26B. Ongoing Offer Details 29Ongoing Offer Period 29Ongoing price for subscription (purchase)/switch-in (from other schemes/plans 29of the mutual fund) by investorsOngoing price for redemption (sale) /switch outs (to other schemes/plans of the 29Mutual Fund) by investorsSwitch Facility 29Cut off timing for subscriptions/ redemptions/ switches 30Minimum Application Amount(Subscription) 30Account Statement 30Annual Account Statement 31C. Periodic Disclosures 31Net Asset Value 31Half yearly Disclosures: Portfolio / Financial Results 32Half Yearly Results 323

________________________________________________________________________________Minimum Application Amount Rs 10,000 and multiples of Re 10/-Target Amount to be Raised Rs. 20,00,00,000/-.New fund offer expensesNew Fund Offer expenses will be borne by the AMCNew Fund Offer PriceRs. 10/- per UnitNAV DeclarationDematerializationNAV calculated up to four decimal places and declared ondaily basis. Since the scheme is proposed to be listed on a stockexchange, the listed price will be available on that stockExchange.The Unit holders are given an Option to hold the units by way ofan Account Statement or in Dematerialized (‘Demat’) form. Unitholders opting to hold the units in demat form must provide theirDemat Account details in the specified section of the applicationform. The Unit holder intending to hold the units in Demat formare required to have a beneficiary account with a DepositoryParticipant (DP) (registered with NSDL / CDSL as may beindicated by the Fund at the time of launch of the Plan) and willbe required to indicate in the application the DP's name, DP IDNumber and the beneficiary account number of the applicantheld with the DP.Incase the unit holders do not provide their Demat Accountdetails, an Account Statement shall be sent to them. Suchinvestors will not be able to trade in the stock exchange till theirholdings are converted into demat form.No redemption/repurchase of units shall be allowed prior to thematurity of the scheme. Unit holders wishing to exit may do sothrough the Stock Exchange mode.Transfer of UnitsUnits held by way of account statement cannot be transferred.Units held in demat form are transferable in accordance withthe provisions of SEBI (Depositories and Participants)Regulations, as may be amended from time to timeRepatriation FacilityTaxation (As per Tax laws)NRIs, FIIs and PIOs may invest in the scheme on a fullrepatriation basis. (Investment will be governed by rules laiddown by RBI/SEBI in this regard).As per the present tax laws, the income distributed by theScheme is exempt in the hands of investors. Units of theScheme are not subject to Wealth Tax and Gift Tax. There will6

also be no tax deduction at source on redemption irrespectiveof the redemption amount for resident investors.Benchmark IndexCrisil Short Term Bond Fund Index for:IDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5)The fund reserves the right to change the benchmark forevaluation of the performance of the scheme from time to time,subject to SEBI Regulations and other prevailing guidelines ifany.Repurchase facility and Load:No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishingto exit may do so through stock exchange mode.Entry Load: NilExit Load: NilTransaction chargesThe following transaction charge shall be payable to the ARN certified (KYD compliant) distributors formobilizing funds in the scheme for subscription value of Rs 10,000/- or more:i. For existing investors- The distributor may be paid Rs 100/- as transaction charge per subscription ofRs 10,000/- and above.ii. New investors – The distributor may be paid Rs 150/- as transaction charge for a first time investor inMutual Funds.iii. The transaction charge, to be deducted by the AMC from the subscription amount and paid to thedistributor; and the balance shall be invested.iv. No transaction charge on subscription below Rs 10,000/-v. No transaction charge shall be payable on transactions other than purchases/ subscriptions relating tonet inflows.vi. Distributors shall be able to choose to opt out of charging the transaction charge. However, the ‘optout’shall be at distributor level and not investor level i.e. a distributor shall not charge one investor andchoose not to charge another investor.I. INTRODUCTIONA. RISK FACTORSStandard Risk Factors:• Mutual Funds and securities investments are subject to market risks and there is no assurance orguarantee that the objectives of the Scheme will be achieved.• Investment in Mutual Fund Units involves investment risks such as trading volumes, settlementrisk, liquidity risk, default risk including the possible loss of principal.• As the price / value / interest rates of the securities in which the scheme invests fluctuates, the valueof your investment in the scheme may go up or down depending on the factors and forces affectingthe capital markets.• Past performance of the Sponsor and other affiliates/AMC/Mutual Fund (or any of its schemes)does not guarantee future performance of the scheme.7

• IDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5) is the name of the scheme and do not inany manner indicate either the quality of the scheme or its future prospects and returns.• The sponsor is not responsible or liable for any loss resulting from the operation of the schemebeyond the initial contribution of Rs.30, 000 made by it towards setting up the Fund.• The present scheme is not a guaranteed or assured return schemeScheme Specific Risk Factors• Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and moneymarket instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices ofexisting fixed income securities fall and when interest rates drop, such prices increase. The extentof fall or rise in the prices is a function of the existing coupon, days to maturity and the increase ordecrease in the level of interest rates.• Credit Risk: In simple terms this risk means that the issuer of a debenture/bond or a money marketinstrument may default on interest payment or even in paying back the principal amount onmaturity. Even where no default occurs, the price of a security may go down because the creditrating of an issuer goes down. It must, however, be noted that where the Scheme has invested inGovernment Securities, there is no credit risk to that extent. Different types of securities in whichthe scheme would invest as given in the scheme information document carry different levels andtypes of risk. Accordingly the scheme’s risk may increase or decrease depending upon itsinvestment pattern. E.g. corporate bonds carry a higher amount of risk than Government securities.Further even among corporate bonds, bonds which are AAA rated are comparatively less risky thanbonds which are AA rated.• Re-investment Risk: Investments in fixed income securities may carry re-investment risk asinterest rates prevailing on the interest or maturity due dates may differ from the original coupon ofthe bond. Consequently, the proceeds may get invested at a lower rate.• Repurchase Risk: The Scheme is a close ended income Scheme. No redemption/repurchase ofunits shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do sothrough stock exchange mode. Listing of the units of the fund does not necessarily guarantee theirliquidity and there can be no assurance that an active secondary market for the units will develop orbe maintained. Consequently, the Fund may quote below its face value / NAV.B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEMEThe Scheme(s) and individual Plan(s) under the Scheme(s) shall have a minimum of 20 investors and nosingle investor shall account for more than 25% of the corpus of the Scheme(s)/Plan(s). These conditionswill be complied with immediately after the close of the NFO itself i.e. at the time of allotment. In case ofnon-fulfillment with the condition of minimum 20 investors at the plan level the respective plan, shall bewound up in accordance with Regulation 39 (2) (c) of SEBI (MF) Regulations automatically without anyreference from SEBI. In case of non-fulfillment with the condition of 25% holding by a single investor onthe date of allotment, the application to the extent of exposure in excess of the stipulated 25% limit wouldbe liable to be rejected and the allotment would be effective only to the extent of 25% of the corpuscollected. Consequently, such exposure over 25% limits will lead to refund within 6 weeks of the date ofclosure of the New Fund Offer.In case the scheme is not able to achieve the requirement of minimum investors/maximum holding,there is a risk that the scheme may have to be wound up and the investors will be returned theirinvestments at the applicable NAV. In such case the investors run the risk that their investmentobjective may not be met and that they may need to identify alternate investment opportunities at thatstage.8

C. SPECIAL CONSIDERATIONS, if anyAll the above factors not only affect the prices of securities but may also affect the time taken by theFund for redemption of units, which could be significant in the event of receipt of a very large numberof redemption requests or very large value of redemption requests. The liquidity of the assets may beaffected by other factors such as general market conditions, political events, bank holidays and civilstrife. In view of this, the Trustee has the right in its sole discretion to limit redemption (includingsuspension of redemption) under certain circumstances as described in the SAI.The liquidity of the Scheme’s investments may be restricted by trading volumes, settlement periodsand transfer procedures. In the event of an inordinately large number of redemption requests or of arestructuring of the Scheme’s portfolio, the time taken by the Scheme for redemption of Units maybecome significant. In view of this, the Trustee has the right in its sole discretion to limit redemption(including suspension of redemption) under certain circumstances as described in the SAI.Redemptions due to change in the fundamental attributes of the Scheme or due to any other reasonsmay entail tax consequences. The Trustee, AMC, Mutual Fund, their directors or their employeesshall not be liable for any such tax consequences that may arise.The tax benefits described in this Scheme Information Document are as available under the presenttaxation laws and are available subject to conditions. The information given is included for generalpurpose only and is based on advice received by the AMC regarding the law and practice in force inIndia and the Unitholders should be aware that the relevant fiscal rules or their interpretation maychange. As is the case with any investment, there can be no guarantee that the tax position or theproposed tax position prevailing at the time of an investment in the Scheme will endure indefinitely.In view of the individual nature of tax consequences, each Unitholder is advised to consult his/ herown professional tax advisor.No person has been authorised to give any information or to make any representations not confirmedin this Scheme Information Document in connection with the Scheme Information Document or theissue of Units, and any information or representations not contained herein must not be relied upon ashaving been authorised by the Mutual Fund or the Asset Management Company.D. DEFINITIONS AND ABBREVIATIONS.In this document, the following words and expressions shall have the meaning specified herein, unless thecontext otherwise requires:AMCApplicable NAVIDFC Asset Management Company Limited previously knownas Standard Chartered Asset Management Company PrivateLimited (which was earlier known as ANZ Grindlays AssetManagement Company Private Limited), a company set upunder the Companies Act, 1956, and approved by SEBI to actas the Asset Management Company for the Schemes of IDFCMutual FundUnless stated otherwise in the Scheme information document,Applicable NAV is the Net Asset Value as of the Day as ofwhich the purchase or redemption is sought by the investor anddetermined by the Fund. (For details, please refer to the sectionon "Applicable NAV”)9

Business DayCustodianDistributorFIIsFixed Income SecuritiesA day other than (i) Saturday or Sunday or (ii) a day on whichthe Reserve Bank of India &/or Banks in Mumbai are closedfor business or clearing or (iii) a day on which there is no RBIclearing / settlement of securities or (iv) a day on which theBombay Stock Exchange and/or National Stock Exchange areclosed or (v) a day on which the Redemption of Units issuspended by the Trustee / AMC or (vi) a day on which normalbusiness could not be transacted due to storms, floods, othernatural calamities, bandhs, strikes or such other events or as theAMC may specify from time to time. The AMC reserves theright to declare any day as a Business Day or otherwise at anyor all collection &/or Official points of acceptance oftransactions.Deutsche Bank, Mumbai, acting as Custodian to the Scheme, orany other custodian who is approved by the TrusteeSuch persons/firms/ companies/ corporates who fulfill thecriteria laid down by SEBI/AMFI from time to time and as maybe appointed by the AMC to distribute/sell/market the Schemesof the FundForeign Institutional Investors, registered with SEBI under theSecurities and Exchange Board of India (Foreign InstitutionalInvestors) Regulations, 1995Debt Securities created and issued by, inter alia, CentralGovernment, State Government, Local Authorities, MunicipalCorporations, PSUs, Public Companies, Private Companies,Bodies Corporate, Unincorporated SPVs and any other entitieswhich may be recognised/permitted which yield at fixed orvariable rate by way of interest, premium, discount or acombination of any of themFund or Mutual FundIDFC Mutual Fund (“the Mutual Fund” or “the Fund”)previously known as Standard Chartered Mutual Fund (whichwas earlier known as ANZ Grindlays Mutual Fund), had beenconstituted as a trust in accordance with the provisions of theIndian Trusts Act, 1882 (2 of 1882) vide a trust Deed datedDecember 29, 1999. The office of the Sub-Register ofAssurances at Mumbai had registered the Trust Deedestablishing the Fund under the Registration Act, 1908. TheFund was registered with SEBI vide RegistrationNo.MF/042/00/3 dated March 13, 2000. A deed of amendmentto the Trust Deed had been executed and registered torecognize the change in sponsor of the Mutual Fund.The SchemeIDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5)_________________________________________________________________________________________PlansIDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5)_______________________________________________________________________________10

(57 of 1955) or c) the person is a spouse of an Indian citizen ora person referred to in sub clause (a) or (b)RBIRepo / Reverse RepoSEBIThe RegulationsTrusteeTrust DeedTrust FundReserve Bank of India, established under the Reserve Bank ofIndia Act, 1934, as amended from time to timeSale / Purchase of Government Securities as may be allowed byRBI from time to time with simultaneous agreement torepurchase / resell them at a later dateSecurities and Exchange Board of India established underSecurities and Exchange Board of India Act, 1992, as amendedfrom time to timeSecurities and Exchange Board of India (Mutual Funds)Regulations, 1996, as amended from time to timeIDFC AMC Trustee Company Limited previously known asStandard Chartered Trustee Company Private Limited (whichwas earlier known as ANZ Grindlays Trustee company PrivateLimited) a company set up under the Companies Act, 1956,and approved by SEBI to act as the Trustee for the Scheme/s ofIDFC Mutual FundThe Trust Deed dated December 29, 1999 establishing IDFCMutual Fund previously known as Standard Chartered MutualFund (which was earlier known as ANZ Grindlays MutualFund) as amended from time to timeAmounts settled/contributed by the Sponsor towards the corpusof the IDFC Mutual Fund and additions/accretions theretoUnitThe interest of an investor that consists of one undivided sharein the Net Assets of the SchemeUnitholderA holder of Units under the Plans inIDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5) ascontained in this Scheme information document__________________________________________________________________________________For all purposes of this Scheme information document, except as otherwise expressly provided or unlessthe context otherwise requires:• the terms defined in this Scheme information document include the plural as well as the singular• pronouns having a masculine or feminine gender shall be deemed to include the other• all references to "Sterling Pounds" refer to United Kingdom Sterling Pounds , "dollars" or "$" referto United States Dollars and "Rs" refer to Indian Rupees. A "crore" means "ten million" and a"lakh" means a "hundred thousand"12

DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANYIt is confirmed that:(i) the draft Scheme Information Document forwarded to SEBI is in accordance with the SEBI(Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time totime.(ii) all legal requirements connected with the launching of the scheme as also the guidelines,instructions, etc., issued by the Government and any other competent authority in this behalf, havebeen duly complied with.(iii) the disclosures made in the Scheme Information Document are true, fair and adequate to enablethe investors to make a well informed decision regarding investment in the proposed scheme.(iv) the intermediaries named in the Scheme Information Document and Statement of AdditionalInformation are registered with SEBI and their registration is valid, as on date.For IDFC Asset Management Company Limited(Investment Manager of IDFC Mutual Fund)Sd/-Ms. Jyothi KrishnanCompliance Officer13

The money markets in India essentially consist of the call money market (i.e. market for overnight andterm money between banks and institutions), repo transactions (temporary sale with an agreement to buyback the securities at a future date at a specified price), commercial papers (CPs, short term unsecuredpromissory notes, generally issued by corporates), certificate of deposits (CDs, issued by banks) andTreasury Bills (issued by RBI). In a predominantly institutional market, the key money market players arebanks, financial institutions, insurance companies, mutual funds, primary dealers and corporates.Following table exhibits various debt instruments along with indicative yields as on September 29,2011The various instruments currently available for investments are:InstrumentsYield Range (% perannum)8.315% (as on 28 th Sep as itG – Sec 5 yearhas not traded after that)G – Sec 10 year 8.442%Corporate Debentures AAA 3 year 9.545%Corporate Debentures AAA 5 year 9.5075%CP’s 3 months 9.60%CD’s 3 months 9.05%CP’s 1 year 10.075%CD’s 1 year 9.50%The actual yields will, however, vary in line with general levels of interest rates and debt/moneymarket conditions prevailing from time to time.The mutual fund or AMC and its empanelled brokers have not given and shall not give any indicativeportfolio and indicative yield in any communication, in any manner whatsoever. Investors are advisednot to rely on any communication regarding indicative yield/ portfolio with regard to the scheme.D. WHERE WILL THE SCHEME INVEST?The corpus of the Plan(s) under the Scheme will be invested in debt and money market instruments.Subject to the Regulations, the corpus of the Scheme can be invested in any (but not exclusively) of thefollowing securities:1. Securities created and issued by the Central and State Governments and/or repos/reverse repos in suchGovernment Securities as may be permitted by RBI (including but not limited to coupon bearingbonds, zero coupon bonds and treasury bills)2. Securities guaranteed by the Central and State Governments (including but not limited to couponbearing bonds, zero coupon bonds and treasury bills)3. Debt instruments issued by Companies / institutions promoted / owned by the Central or StateGovernments and statutory bodies, which may or may not carry a Central/State Government guarantee.4. Corporate debt and securities (of both public and private sector undertakings) including Bonds,Debentures, Notes, Strips, etc.5. Debt instruments issued by banks (both public and private sector) and development financialinstitutions.15

6. Money market instruments permitted by SEBI, or in alternative investments for the call money marketas may be provided by RBI to meet the liquidity requirements.7. Certificate of Deposits (CDs).8. Commercial Paper (CPs).9. The non-convertible part of convertible securities.10. Any other domestic fixed income securities12. Any other like instruments as may be permitted by SEBI from time to time.The securities mentioned above and such other securities the Scheme is permitted to invest in could belisted, unlisted, privately placed, secured, unsecured, rated or unrated and of any maturity. The securitiesmay be acquired through Initial Public offerings (IPOs), secondary market operations, private placement,rights offers or negotiated deals.The Scheme may also enter into repurchase and reverse repurchase obligations in all securities held by it asper the guidelines and regulations applicable to such transactions.The Scheme will not make investments in Foreign Securitized Debt.E.INVESTMENT STRATEGIES AND RISK CONTROLInvestment StrategyThe domestic debt markets are maturing rapidly with liquidity emerging in various debt segments throughthe introduction of new instruments and investors. The aim of the Investment Manager will be to allocatethe assets of the Scheme between various money market and fixed income securities with the objective ofachieving optimal returns with a highly liquid portfolio. The actual percentage of investment in variousfixed income securities will be decided after considering the prevailing political conditions, the economicenvironment (including interest rates and inflation), the performance of the corporate sector and generalliquidity and other considerations in the economy and markets.The Fund has put in place detailed Investment manual defining the prudential and concentration limits forthe portfolio limits. The investment management team is allowed full discretion to make sale andpurchase decisions within the limits established. All investment decisions are recorded by the fundmanager.Investment Management Committee (IMC) in its periodic meetings will track portfolio investmentrationale, portfolio composition, performance etc. Any modifications to the Investment manual is madeby the IMC and is duly informed to the board. The performance of the fund will be monitored against itspeer group in the industry and presented and reviewed at every Board meeting.Currently no AMFI - recognised benchmark is available for strict comparison for the Scheme. HoweverCrisil Short Term Bond Fund Index for IDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS5)being a widely used benchmark in the market, the same has been selected as a standard benchmark for thepurpose of this Scheme.The fund reserves the right to change the said benchmark and/or adopt one/more other benchmarks tocompare the performance of the Scheme.The AMC may approach rating agencies such as CRISIL, ICRA, etc for ratings of the scheme.IDFC Mutual Fund shall follow two way approach towards debt evaluation by an underlying issuer16

1. Financial statement analysis• Balance sheet analysis (Debt equity ratios, Networth, etc)• Profit & Loss statement analysis (Interest coverage ratios, ROA, Gross andnet margins)• Cash flow analysis2. Qualitative analysis by meeting the key officials of the company on a periodic basisto get a better understanding.The scheme shall invest in various securities/ instruments as mentioned below with the ratingsmentioned against the type of instrument. As per the regulations, the scheme is allowed to investwithin a range of 5% of the intended allocation (floor and cap) against each sub asset class/creditrating. The indicative allocation is as follows:InstrumentsRatingAAA/A1+ AA/AA+ A BBBCD's - - - -CP's - - - -NCD's - 100% - -Securitised Debt - - - -Others - - - -Note: Short term highest rated instruments as well as structured obligations with AAA ratings will becategorized as AAA. Further, the Fund manager shall reserve the right to improve the portfolio creditquality by deviating the asset allocation in favour of higher credit rated instruments in the samecategory of instruments.Exposure to unrated instruments shall be restricted to 25% of the net asset of the scheme.All investment shall be made based on the rating prevalent at the time of investment. However, incase of an instrument having dual ratings, the most conservative publically available rating would beconsidered.In the event of any deviations from the floor and ceiling of credit ratings specified for anyinstrument, the same shall be rebalanced within 30 days from the date of said revision.In case of non availability of CPs, NCDs (including securitized debt), the scheme may invest in T-bills, CBLO or bank CDs of highest credit rating (A1+) or equivalentGross exposure to debt, money market and cash shall not exceed 100% of the net assets of thescheme.The ratings AA, A mentioned above shall include AA+ / - or A+/- respectively. Fund shall not takeany exposure to real estate sector.17

At the time of building up the portfolio and towards the end of the maturity of the scheme, theportfolio shall have higher allocation to cash and cash equivalent instruments.Risk ControlSince investing requires disciplined risk management, the AMC would incorporate adequate safeguards forcontrolling risks in the portfolio construction process. The risk control process involves reducing risksthrough portfolio diversification, taking care however not to dilute returns in the process. The AMCbelieves that this diversification would help achieve the desired level of consistency in returns. The AMCmay also implement certain internal control procedures / risk & exposure limits etc., which may be variedfrom time to timeThe AMC aims to identify securities, which offer superior levels of yield at lower levels of risks. With theaim of controlling risks, rigorous in-depth credit evaluation of the securities proposed to be invested in willbe carried out by the investment team of the AMC.The Scheme may invest in other Schemes managed by the AMC or in the Schemes of any other MutualFunds, provided it is in conformity with the investment objectives of the Scheme and in terms of theprevailing SEBI Regulations. As per the SEBI Regulations, no investment management fees will becharged for such investments and the aggregate inter Scheme investment made by all Schemes of IDFCMutual Fund or in the Schemes under the management of other asset management companies shall notexceed 5% of the net asset value of the IDFC Mutual Fund.For the present, the Scheme does not intend to enter into underwriting obligations. However, if theScheme does enter into an underwriting agreement, it would do so after complying with the RBIRegulations and with the prior approval of the Board of the AMC/Trustee.PORTFOLIO TURNOVERThe AMC's portfolio management style is conducive to a relatively low portfolio turnover rate. However,the AMC will take advantage of the opportunities that present themselves from time to time because of theconditions prevailing / inefficiencies in the securities markets. The AMC will endeavour to balance theincreased cost on account of higher portfolio turnover with the benefits derived therefrom.F: FUNDAMENTAL ATTRIBUTESFollowing are the Fundamental Attributes of the scheme, in terms of Regulation 18 (15A) of the SEBI(MF) Regulations:((i) Type of SchemeClose-Ended Income Scheme.(ii) Investment Objectives & PoliciesThe investment objective of the Scheme is to seek to generate income by investing in a portfolio of debtand money market instruments maturing on or before the maturity of the scheme. There is no assurance orguarantee that the objectives of the scheme will be realized.Asset Allocation Pattern as defined in Section C.(iii) Terms of IssueRepurchase and Redemption of Units as detailed in Section III B of this documentFees and expenses as specified in Section IV B of this documentIn accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustees shall ensure thatno change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the18

trust or fee and expenses payable or any other change which would modify the Scheme(s) and thePlan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless:• A written communication about the proposed change is sent to each Unitholder and anadvertisement is given in one English daily newspaper having nationwide circulation as well as ina newspaper published in the language of the region where the Head Office of the Mutual Fund issituated; and• The Unitholders are given an option for a period of 30 days to exit at the prevailing Net AssetValue without any exit load.G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?Currently no AMFI - recognised benchmark is available for strict comparison for the Scheme. HoweverCrisil Short Term Bond Fund Index for IDFC Fixed Maturity Plan 3 Year Series 5(IDFC FMP 3YS 5)being a widely used benchmark (for products with similar tenor / average maturity etc.) in the market, thesame has been selected as a standard benchmark for the purpose of this Scheme.H. WHO MANAGES THE SCHEME?The Fund Manager of the Scheme is Mr. Anupam Joshi. His particulars are given below:Mr. Anupam Joshi Fund Manager P. G. Diploma inBusinessManagementHe has over 10 years of experiencein Portfolio Management & DealingIn his last assignment with Principal PNB Asset Management Company, he was involved in PortfolioManagement & Dealing (November 2005 – August 2008). Prior to this he had worked with ICAP India PrivateLtd as a Dealer (May 2003 – November 2005). Age: 33 years.Mr. Anupam Joshi also manages following schemes of IDFC Mutual Fund:IDFC Savings Advantage Fund, IDFC Cash Fund, IDFC Money Manager Fund – Investment Plan, IDFCMoney Manager Fund – Treasury Plan, IDFC Super Saver Income Fund – Medium Term Plan, IDFC SuperSaver Income Fund – Short Term Plan, IDFC Ultra Short Term Fund, IDFC Fixed Maturity Plan – YearlySeries 32-46, IDFC Fixed Maturity Plan – Yearly Series 52-54 IDFC Fixed Maturity Plan – EighteenMonths Series 7 (IDFC-FMP-EMS7), IDFC-Fixed Maturity Plan – nineteen Month Series 1 (IDFC-FMP-NMS1), IDFC FMP- 17 months – Series 1, IDFC FMP- 17 months – Series 3, IDFC FMP- 16 months –Series 3, IDFC FMP- 100 Days Series 3, IDFC FMP- 200 Days Series 1& 2, IDFC FMP Half Yearly Series12, IDFC FMP 2 Year Series 1, IDFC FMP 36 Months Series 2,IDFC FMP - Quarterly Series 64INVESTMENT BY THE AMC IN THE SCHEMEThe AMC may invest in the Scheme from time to time. As per the Regulations, such investments arepermitted subject to disclosure being made in the Scheme Information Document. However, the AMC shallnot be entitled to charge any management fee on its investments in the Scheme.I. WHAT ARE THE INVESTMENT RESTRICTIONS?Pursuant to the Regulations and amendments thereto, the following investment restrictions are presentlyapplicable to the Scheme:1. Debt instruments in which the Scheme invests should be rated as investment grade by a creditrating agency. Till the regulations so require, not more than 15% of the Net Assets of the Schemeshall be invested in debt instruments issued by a single issuer. Provided that such investment limit19

may be exceeded to 20% of the Net Assets of the Scheme with the prior approval of the Board ofTrustees and the Board of the AMC till such time the regulation requires such approvals. Nomutual fund scheme shall invest more than thirty percent of its net assets in money marketinstruments of an issuer.Provided that such limit shall not be applicable for investments in Government securities, treasurybills and collateralized borrowing and lending obligations.”2. All investments in unrated debt instruments shall be made with the prior approval of the Board of theAMC and the Trustee till the regulations so require. SEBI vide its circular no. MFD/CIR/9/120/2000dated November 24, 2000 has permitted the Mutual Fund to constitute a committee for Investment inUnrated Debt Instruments. The said committee can approve such investments based on parameters laiddown by the Board of the AMC and the Trustees and details of such investments should becommunicated by the AMC to the Trustees in their periodical/ quarterly reports along with a disclosureregarding how the parameters have been complied with. Further, the Scheme shall not invest more than10% of its Net Assets in unrated instruments by a single issuer and the total investment in suchinstruments shall not exceed 25% of the Net Assets of the Scheme till the regulations so require.Debentures irrespective of any residual maturity period (above or below one year) shall attract theaforesaid investment restrictions.3. Till the regulations so require, the Scheme shall not make any investment in :a) any unlisted security of an associate or group company of the sponsor;b) any security issued by way of private placement by an associate or group company of the sponsororc) the listed securities of group companies of the sponsor which is in excess of 25% of the net assets.4. Transfer of investments from one Scheme to another Scheme in the same Mutual Fund is permittedprovided:a) Such transfers are done at the prevailing market price for quoted instruments on spot basis (spotbasis shall have the same meaning as specified by a Stock Exchange for spot transactions); transferof unquoted securities will be made as per the policies laid down by the Trustees from time totime, andb) The securities so transferred shall be in conformity with the investment objective of the Scheme towhich such transfer has been made.5. The Scheme may invest in other Schemes under the same AMC or any other Mutual Fund withoutcharging any fees, provided the aggregate inter-Scheme investment made by all the Schemes under thesame management or in Schemes under management of any other asset management company shallnot exceed 5% of the Net Asset Value of the Fund.6. The Fund shall get the securities purchased transferred in the name of the Fund on account of theconcerned Scheme, wherever investments are intended to be of a long-term nature.7. The Fund may buy and sell securities on the basis of deliveries and will not make any short sales orengage in carry forward transactions except as and when permitted by the RBI in this regard (forexample "when issued market" transactions).8. All the Scheme's investments will be in transferable securities or bank deposits or in money at call orany such facility provided by RBI in lieu of call.9. No loans for any purpose can be advanced by the Scheme.10. The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the purpose ofredemption of Units or payment of interest and/or dividend to the Unitholders, provided that the Fund20

shall not borrow more than 20% of the net assets of the individual Scheme and the duration of theborrowing shall not exceed a period of 6 months.11. Pending deployment of funds of a Scheme in securities in terms of investment objectives of theScheme, the AMC can invest the funds of the Scheme in short-term deposits of scheduled commercialbanks or in call deposits.12. The scheme shall invest only in such securities which matures on or before the maturity of the scheme.The Scheme will comply with SEBI regulations and any other Regulations applicable to the investments ofMutual Funds from time to time.The Trustee may alter the above restrictions from time to time to the extent that changes in the Regulationsmay allow and/or as deemed fit in the general interest of the Unitholders. The AMC may also implementcertain internal control procedures / risk & exposure limits etc., which may be varied from time to timeAll investment restrictions shall be applicable at the time of making investments.J. HOW HAS THE SCHEME PERFORMED?This scheme is a new scheme and does not have any performance track recordIII. UNITS AND OFFERThis section provides details you need to know for investing in the scheme.A. NEW FUND OFFER (NFO)New Fund Offer Period (This is the period during which a new scheme sells its units to theinvestors)NFO opens on: November 16, 2011NFO closes on: November 23, 2011The Trustee reserves the right to extend the closing date, subject to the condition that the subscriptionlist shall not be kept open for more than 15 days. Any such extension of the subscription list shall benotified by a suitable display at the official point of acceptance of transactions.New Fund Offer Price (This is the price per unit that the investors have to pay to invest during theNFO):Rs. 10Minimum Amount for Application in the NFORs 10000 and multiples of Re 10/-There will be no maximum limitMinimum Target amount: Rs. 20, 00,00,000In accordance with the Regulations, if the Scheme fails to collect the minimum subscription amountas specified above, the Fund shall be liable to refund the money to the applicants.21

In addition to the above, refund of subscription money to applicants whose applications are invalid forany reason whatsoever will commence immediately after the allotment process is completed. Refundswill be completed within five business days of the close of the New Fund Offer Period. If the Fundrefunds the amount after five business days, interest @ 15% per annum shall be paid by the AMC.Refund orders will be marked "Account Payee only" and drawn in the name of the applicant in thecase of the sole applicant and in the name of the first applicant in all other cases.Maximum Amount to be raised (if any)Not Applicable. The AMC retains the right to specify maximum amount to be raised, at the time ofthe New Fund Offer.Sub Plans / Options offeredThere are no sub plans under the scheme. Within each plan (Series), investors may choose either theGrowth Option or the Dividend Option.(i) Growth OptionThe Scheme will generally not declare any dividend under this option. The income attributable to Unitsunder this Option will continue to remain invested in the Scheme and will be reflected in the Net AssetValue of Units under this option.(ii) Dividend OptionUnder this option, the Fund will endeavour to declare dividends as and when deemed fit by the Fundand/or on &/or before the closure of the scheme. In case no dividend is declared during the tenure of thescheme or at closure, the net surplus, if any, will remain invested and be reflected in the NAV.Dividends, if declared, will be paid out of the net surplus of the Scheme to those Unit holders whose namesappear in the Register of Unitholders on the record date. The actual date for declaration of dividend will benotified suitably to the Registrar. Unitholders are entitled to receive dividend within 30 days of the date ofdeclaration of the dividend. However, the Mutual Fund will endeavour to make dividend payments soonerto Unitholders. There is no assurance or guarantee to Unitholders as to the rate of dividend distribution norwill that dividends be paid, though it is the intention of the Mutual Fund to make dividend distributions.For details on taxation of dividend, please refer to the section on ‘Tax Benefits of Investing in the MutualFund’ in the Statement of Additional Information.The Investors should note that NAVs of the Dividend Option and the Growth Option will be different afterthe declaration of dividend under the Scheme.(iii) Quarterly Dividend Option:The scheme currently offers Quarterly dividend option (payout). Under this option the investorshall receive quarterly dividend, subject to availability of distributable surplus.Dividend PolicyDividend declaration and distribution shall be in accordance with SEBI Regulations as applicablefrom time to time. The AMC reserves the right to declared dividend from time to time, depending onavailability of distributable surplus.22

AllotmentFull allotment will be made to all valid applications received during the New Fund Offer Period ofrespective Plan(s). Allotment of Units shall be completed not later than five business days after the close ofthe New Fund Offer Period.ACCOUNT STATEMENTSFor normal transactions:• The AMC shall issue to the investor whose application has been accepted, an account statementspecifying the number of units allotted within five business days of NFO• The unitholder may request for a physical account statement by writing/calling theAMC/ISC/R&T.Option to hold Units in dematerialized (demat) formUnit holder has an option to subscribe in dematerialized (demat) form the units of theScheme(s)/Plan(s) viz. open ended, close ended, Interval shall be provided to the investorseffective October 1, 2011.Consequently, the Unit holders under the Scheme(s)/Plan(s) shall have an option to subscribe/hold the Units in demat form in accordance with the provisions laid under the respectiveScheme(s)/Plan(s) and in terms of the guidelines/ procedural requirements as laid by theDepositories (NSDL/CDSL) from time to time.In case, the Unit holder desires to hold the Units in a Dematerialized /Rematerialized form at alater date, the request for conversion of units held in non-demat form into Demat (electronic) formor vice-versa should be submitted alongwith a Demat/Remat Request Form to their DepositoryParticipants.Units held in demat form will be transferable subject to the provisions laid under the respectiveScheme(s)/Plan(s) and in accordance with provisions of Depositories Act, 1996 and the Securitiesand Exchange Board of India (Depositories and Participants) Regulations, 1996 as may beamended from time to time.Allotment of Units and despatch of Account Statements to FIIs will be subject to RBI approval.UNIT CERTIFICATESNo Unit Certificates will be issued. An investor who wishes to trade in units would require to have a demataccount.RefundIn accordance with the Regulations, if the Scheme fails to collect the minimum subscription amount asspecified above, the Fund shall be liable to refund the money to the applicants.In addition to the above, refund of subscription money to applicants whose applications are invalid for anyreason whatsoever will commence immediately after the allotment process is completed. Refunds will be23

completed within five business days of the close of the New Fund Offer Period. If the Fund refunds theamount after five business days, interest @ 15% per annum shall be paid by the AMC. Refund orders willbe marked "Account Payee only" and drawn in the name of the applicant in the case of the sole applicantand in the name of the first applicant in all other cases.WHO CAN INVEST?The following persons may apply for subscription to the Units of the Scheme (subject, whereverrelevant, to purchase of units of Mutual Funds being permitted under respective constitutions,relevant statutory regulations and with all applicable approvals):• Resident adult individuals either singly or jointly• Minor through parent/lawful guardian• Companies, Bodies Corporate, Public Sector Undertakings, association of persons or bodies ofindividuals whether incorporated or not and societies registered under the Societies RegistrationAct, 1860 (so long as the purchase of units is permitted under the respective constitutions).• Trustee(s) of Religious and Charitable and Private Trusts under the provision of Section 11(5) (xii)of the Income Tax Act, 1961 read with Rule 17C of Income Tax Rules, 1962 (subject to receipt ofnecessary approvals as “Public Securities” where required)• The Trustee of Private Trusts authorized to invest in mutual fund Schemes under their trust deed.• Partner(s) of Partnership Firms.• Karta of Hindu Undivided Family (HUF).• Banks (including Co-operative Banks and Regional Rural Banks), Financial Institutions andInvestment Institutions.• Non-resident Indians/Persons of Indian origin residing abroad (NRIs) on full repatriation basis oron non-repatriation basis.• Foreign Institutional Investors (FIIs) registered with SEBI on full repatriation basis.• Army, Air Force, Navy and other para-military funds.• Scientific and Industrial Research Organizations.• Mutual fund Schemes.• Provident/Pension/Gratuity and such other Funds as and when permitted to invest.• International Multilateral Agencies approved by the Government of India.• Others who are permitted to invest in the Scheme as per their respective constitutions• Other Schemes of IDFC Mutual Fund subject to the conditions and limits prescribed in SEBIRegulations and/or by the Trustee, AMC or sponsor may subscribe to the units under this Scheme.The Fund reserves the right to include / exclude new / existing categories of investors to invest in thisScheme from time to time, subject to regulatory requirements, if any.This is an indicative list and investors are requested to consult their financial advisor to ascertain whetherthe scheme is suitable to their risk profile.24

Where can you submit the filled up applications.Filled up applications can be submitted at the Offices of the collecting bankers, as per the detailsgiven on the last few pages of this document including the back cover page.HOW TO APPLY?Please refer to the SAI and Application form for the instructions.Mode of PaymentInvestors may make payments for subscription to the Units of the Scheme at the bank collection centres bylocal Cheque/Pay Order/Bank Draft, drawn on any bank branch, which is a member of Bankers ClearingHouse located in the Official point of acceptance of transactions where the application is lodged or bygiving necessary debit mandate to their account or by any other mode permitted by the AMC.Cheques/Pay Orders/Demand Drafts should be drawn as follows:l. The Cheque/DD/Payorder should be drawn in favour of “IDFC Fixed Maturity Plan 3 Year Series5(IDFC FMP 3YS5)” as mentioned in the application form/addendum at the time of the launch. Pleasenote that all cheques/DDs/payorders should be crossed as "Account payee".2. Centers other than the places where there are Official point of acceptance of transactions as designatedby the AMC from time to time, are Outstation Centres. Investors residing at outstation centres shouldsend demand drafts drawn on any bank branch which is a member of Bankers Clearing House payableat any of the places where an Official point of acceptance of transactions is located.Payments by cash, money orders, postal orders, stock invests and out-station and/or post datedcheques will not be accepted.Applications Supported by Blocked Amount (ASBA) facility:ASBA facility will be provided to the investors subscribing to NFO of each Series of the Scheme. Itshall co-exist with the existing process, wherein cheques/demand drafts are used as a mode ofpayment. Detailed provision of such facility will be provided in SAI.MANDATORY QUOTING OF BANK MANDATE AND PAN NUMBER BY INVESTORSPursuant to SEBI Circular No. SEBI/IMD/CIR No. 6/4213/04 dated March 1, 2004 it is mandatory forinvestors to mention their bank account number in their application/request for redemption. As per SEBICircular No. MRD/DoP/Cir- 05/2007 dated April 27, 2007, it is now mandatory that Permanent AccountNumber (PAN) issued by the Income Tax Department would be the sole identification number for allparticipants transacting in the securities market, irrespective of the amount of transaction. Accordinglyinvestors will be required to furnish a copy of PAN together with request for fresh purchases, additionalpurchases and systematic investments registration (SIP). Application Forms without these information anddocuments will be considered incomplete and are liable to be rejected without any reference to theinvestors. The procedure implemented by the AMC and the decisions taken by the AMC in this regardshall be deemed final.25

LISTING AND TRANSFER OF UNITSLISTINGThe units of the scheme shall be listed. The units are proposed to be listed on the BSE. The Inprincipleapproval from BSE has been received for listing of units of the scheme.Buying or selling of Units by investors can be made from the secondary market on the BSE. Units can bebought or sold like any other listed stock on the Exchange at market prices. The minimum number ofUnits that can be bought or sold on the Exchange is 1 (one) unit. Investors can purchase Units at marketprices, which may be at a premium/discount to the NAV of the Scheme depending upon the demand andsupply of Units at BSE. Unitholders who wish to trade in units would be required to have a demataccount. All investors may buy/sell Units on BSE on all the trading days of BSE as per the settlementcycle of the Stock Exchange.Since the Scheme is proposed to be listed, for declaration of dividend, the Scheme shall follow therequirements stipulated in the listing agreement.Although Units are proposed to be listed on BSE, there can be no assurance that an active secondarymarket will develop or be maintained. Trading on BSE may be halted because of market conditions or forreasons that in the view of the market authorities or SEBI, trading in the Units is not advisable. There canbe no assurance that the requirements of the market necessary to maintain the listing of the Units willcontinue to be met or will remain unchanged. The AMC and the Trustees will not be liable for delay intrading of Units on BSE due to the occurrence of any event beyond their control.TRANSFEROn listing, the units of scheme / plan would be transferable. Transfers should be only in favour oftransferees who are eligible for holding Units under the Scheme. The AMC shall not be bound toRecognise any other transfer. For effecting the transfer of Units held in electronic form, the Unitholderswould be required to lodge delivery instructions for transfer of Units with the DP in the requisite form asmay be required from time to time and the transfer will be effected in accordance with suchrules/regulations as may be in force governing transfer of securities in dematerialised mode.If a person becomes a holder of the Units consequent to operation of law, or upon enforcement of apledge, the Fund will, subject to production of satisfactory evidence, effect the transfer, if thetransferee is otherwise eligible to hold the Units. Similarly, in cases of transfers taking placeconsequent to death, insolvency etc., the transferee’s name will be recorded by the Fund subject toproduction of satisfactory evidence.Special Products / facilities available during the NFOThis being a close ended scheme, facilities like Systematic Investment Plan, Systematic Transfer PlanSystematic Withdrawal Plan are not available to investors.PLEDGE OF UNITS FOR LOANSThe Units can be pledged by the Unitholders as security for raising loans subject to the conditions of thelending institution. The Registrar will take note of such pledge (by marking a lien etc.) / charge in its26

ecords. Disbursement of such loans will be at the entire discretion of the lending institution and the fundassumes no responsibility thereof.The pledgor will not be able to redeem Units that are pledged until the entity to which the Units arepledged provides written authorisation to the fund that the pledge/lien charge may be removed. As long asUnits are pledged, the pledgee will have complete authority to redeem such Units. However, suchredemption will be permitted only on maturity of the scheme. Decision of the AMC shall be final in allcases of lien marking.In case of Units held in electronic form, the rules of Depository applicable for pledge will be applicable forPledge/Assignment of the Units of the Scheme. Units held in electronic form can be pledged by completingthe requisite forms/formalities as may be required by the DepositoryPHONE TRANSACTAll individual investors in the scheme applying on “Sole” or “Anyone or Survivor” basis in their owncapacity shall be eligible to avail of phone transact facilities for permitted transactions inter alia on thefollowing terms and conditions:“Terms and Conditions” mean the terms and conditions set out below by which the Facility shall beused/availed by the Unit holder and shall include all modifications and supplements made by AMC theretofrom time to time.In order to access the Facility, the Unit holder shall be required to give Basic Identification Data (BID) toIDFC Asset Management Company Ltd. (AMC) based on which the AMC may allow access to theFacility. The BID may be enhanced / modified by the AMC from time to time. The unitholder mustprovide additional BID as & when required by the AMC.The AMC has a right to ask such information from the available data of the Unit holder before allowinghim/her access to avail of the Facility. If for any reason, the AMC is not satisfied with the replies of theUnit holder, the AMC has at its sole discretion the right of refusing access without assigning any reasons tothe Unit holder.It is clarified that the Facility is only with a view to accommodate /facilitate the Unit holder and offered atthe sole discretion of the AMC. The AMC is not bound and/or obliged in any ways to give access toFacility to Unit holder.AMC may periodically provide the Unit holder with a written statement of all the transactions made by theUnit holder on a regular/as & when basis, as is being currently done.The Unit holder shall check his/her account records carefully and promptly. If the Unit holder believes thatthere has been a mistake in any transaction using the Facility, or that unauthorised transaction has beeneffected, the Unit holder shall notify AMC immediately. If the Unit holder defaults in intimating thealleged discrepancies in the statement within a period of thirty days of receipt of the statements, he waivesall his rights to raise the same in favour of the AMC, unless the discrepancy /error is apparent on the faceof it.By opting for the facility the Unit holder hereby irrevocably authorises and instructs the AMC to act as his/her agent and to do all such acts as AMC may find necessary to provide the Facility.The Unit holder shall not disclose/divulge the BID to any person and shall ensure that no person gainsaccess to it.27

The Unit holder shall at all times be bound by any modifications and/or variations made to these Terms andConditions by the AMC at their sole discretion and without notice to them.The Unit holder agrees and confirms that the AMC has the right to ask the Unit holder for an oral orwritten confirmation of any transaction request using the Facility and/or any additional informationregarding the Account of the Unit holder.1. The Unit holder agrees and confirms that the AMC may at its sole discretion suspend the Facilityin whole or in part at any time without prior notice if (i) the Unit holder does not comply with anyof the Terms and Conditions or any modifications thereof, (ii) the AMC has the reason to believethat such processing is not in the interest of the Unit holder or is contrary to Regulation/OfferDocuments/amendments to the Offer Documents and (iii) otherwise at the sole discretion of theAMC in cases amongst when the markets are volatile or when there are major disturbances in themarket, economy, country, etc.2. The Unit holder shall not assign any right or interest or delegate any obligation arising herein.3. The Unit holder agrees that it shall be his/her sole responsibility to ensure protection andconfidentiality of BID and any disclosures thereof shall be entirely at the Unit holder's risk.4. The Unit holder shall take responsibility for all the transactions conducted by using the Facilityand will abide by the record of transactions generated by the AMC. Further, the Unit Holderconfirms that such records generated by the AMC shall be conclusive proof and binding for allpurposes and may be used as evidence in any proceedings and unconditionally waives allobjections in this behalf.5. The Unit holder shall, in case of accounts opened in the names of minors and being the naturalguardian of such minor, give all instructions relating to the operation of the account and shall not,at any point of time disclose the BID to the minor / any other person6. AMC shall be notified immediately if a record of the BID, is lost or stolen or if the Unit holder isaware or suspects another person knows or has used his/her BID without authority.7. The Unit holder agrees and acknowledges that any transaction, undertaken using the Unit holder’sBID shall be deemed to be that of the Unit holder. If any third party gains access to the Facility,the Unit holder agrees to indemnify the AMC and its directors, employees, agents andrepresentatives against any liability, costs, or damages arising out of claims or suits by such otherthird parties based upon or related to such access or use.8. The Unit holder agrees that use of the Facility will be deemed acceptance of the Terms andConditions and the Unit holder will unequivocally be bound by these Terms and Conditions.9. Indemnities in favour of the IDFCAMC:The Unit holder shall not hold the AMC liable for the following:i) For any transaction using the Facilities carried out in good faith by the AMC on instructions ofthe Unit holder.ii) For the unauthorized usage/unauthorised transactions conducted by using the Facility.iii) For any loss or damage incurred or suffered by the Unit holder due to any error, defect, failureor interruption in the provision of the Facility arising from or caused by any reasonwhatsoever.28

iv) For any negligence / mistake or misconduct by the Unit holder and/or for any breach or noncomplianceby the Unit holder of the rules/terms and conditions stated in this Agreement.v) For accepting instructions given by any one of the Unit holder in case of joint account/s havingmode of operations as "Either or Survivor" or "anyone or survivor".vi) For not verifying the identity of the person giving the telephone instructions in the unit holdername.vii) For not carrying out any such instructions where the AMC has reason to believe (whichdecision of the AMC the Unit holder shall not question or dispute) that the instructions givenare not genuine or are otherwise improper, unclear, vague or raise a doubt.10. The AMC may assign any of its rights under these terms and conditions without the consent of theUnit holder to any of the AMC’s group companies, subsidiary or Associate Company or such othercompany which the AMC deems suitable for provision of this Facility.All other investors in the scheme/plan will be eligible to avail of phone transact facilities for permittedtransactions (as may be decided by the AMC from time to time) by entering into an agreement with theAMC/Mutual Fund. Requests like change in bank mandate, change of nomination, change in mode ofholding, change of address or such other requests as the AMC may decide from time to time will not bepermitted using the phone transact facility. The AMC/Mutual Fund reserves the right to modify the termsand conditions of the service from time to time as may be deemed expedient or necessary.The Unit holder shall register to avail the Phone Purchase facility by submitting the “One Time DebitMandate Form for Phone Purchase” and submit the same to the AMC/ISC .The form can bedownloaded from www.idfcmf.com. The terms and conditions for Phone Purchase are mentioned onthe reverse of the form.B. ONGOING OFFER DETAILSOngoing Offer PeriodThis is a close ended scheme. Units shall be on offer for subscription only during the New Fund Offerperiod.Ongoing price for subscription (purchase)/switch-in (from other schemes/plans of the mutualfund) by investors. : Not Applicable, as this is a close ended scheme and units are available forsubscription only during the NFO.Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund)by investors:No Redemption/ repurchase of units shall be allowed prior to the maturity of the scheme. Unitholderswho wish to exit may do so through the Stock Exchange mode.Switch outs to other schemes/plans of the Mutual Fund will be permitted only on maturity of thescheme.SWITCH FACILITYSwitching from any Schemes of the Mutual Fund to this SchemeInvestors who hold Units in any open ended schemes launched or to be launched hereafter of theMutual Fund may switch all or part of their holdings to any of the scheme available for subscriptionunder this SID during the New Fund Offer Period of the scheme. Investors who hold Units in anyclose ended schemes launched or to be launched hereafter of the Mutual Fund may switch all or partof their holdings to any of the scheme/Plan available for subscription under this SID during the New29

Fund Offer Period of the scheme. However such Switch-out will be take place at the Applicable NAVof the respective (switch out scheme) subject to applicable cut off time and applicable load.Investors so desiring to switch may submit a switch request, already available with them along withan application form of the Scheme indicating therein the details of the scheme to which the switch isto be made. Applications for switch as above should specify the amount/Units to be switched from outof the Units held in any of the existing Schemes of the Fund. The switch request will be subject to theminimum application size and other terms and conditions of the SID of this Scheme and the schemefrom which the amount is switched out.The Applicable NAV for switching out of the existing open-ended funds will be the NAV of theBusiness Day on which the switch request, complete in all respects, is accepted by the AMC, subjectto the cut-off time and other terms specified in the SID of the respective existing open-endedSchemes.Similarly the applicable NAV for switching out of the existing close – ended funds will be theapplicable NAV subject to applicable cut off time and applicable load of the close ended scheme,subject to the switch request, complete in all respects, being accepted by the AMC, and subject toother terms specified in the SID of the respective existing closed-end Schemes.Investors should note that the amount invested under Sections 54EB in the Investment Plans of IDFCSuper Saver Income Fund would have to be locked-in for a period of seven years and the Units so allottedcannot be switched to another Scheme/option during the lock-in period of seven years. This is subject toany change that may be effected in the Income-tax Act, 1961 or any guidelines / amendments / rules /clarifications issued by the Central Board of Direct Taxes.Switch from this Scheme to any other eligible Schemes of the Mutual FundInvestors who hold Units of the Scheme may switch all or part of their holdings to any (to be launchedhereafter) other Open-end/close- ended Scheme/s (where switch-in is permitted) of the Mutual Fund. Suchswitch will be permitted only on the maturity of the Scheme. If the maturity date falls on a holiday, thematurity date would be such other nearest business day that the AMC may deem to be appropriate.Decision of the AMC shall be considered finalInvestors so desiring to switch may submit a switch request, already available with them, indicating thereinthe details of the Scheme or any other Scheme of the Mutual Fund to which the switch is to be made.Applications for switch as above should specify the amount/Units to be switched from out of the Unitsheld. The switch request will be subject to the minimum application size and other terms and conditionsunder this Scheme information document and the terms and conditions of the Scheme to which the amountis switched into.Cut off timing for / redemptions/ switchesThe Scheme is a close ended scheme. No subscription facility is available, other than during the NewFund Offer.No Redemption/ repurchase/ Switch out of units shall be allowed prior to the maturity of the scheme.Unitholders who wish to exit may do so through the Stock Exchange mode.30

Minimum Application Amount (subscription)Rs 10000 and multiples of Re 10/-Special Products / facilities available during the Ongoing offerThis being a close ended scheme, facilities like Systematic Investment Plan, Systematic Transfer Planand Systematic Withdrawal Plan are not available to investorsAccounts StatementsFor normal transactions: sales (during the NFO) and on maturity:• The AMC shall issue to the investor whose application has been accepted, an account statementspecifying the number of units allotted within five business days.• The unitholder may request for a physical account statement by writing/calling theAMC/ISC/R&T. Any communication /despatch of redemption /dividend proceeds, accountstatements etc. to the unitholders would be made by the Registrar/AMC in such a manner as theymay consider appropriate in line with reasonable standards of servicing. The Unitholder mayrequest the AMC / Registrar to provide him a fresh account statement by approaching any office ofeither the AMC or its registrar.Consolidated Account Statement (CAS):The investor whose transaction** has been accepted by the AMC/Mutual Fund on or after October 1,2011 shall receive the following:(i)(ii)On acceptance of the application for subscription, an allotment confirmation specifying thenumber of units allotted by way of email and/or SMS within 5 Business Days from the date ofreceipt of transaction request will be sent to the Unit holders registered e-mail address and/ormobile number.Thereafter, a consolidated account statement (CAS)^ for each calendar month to the Unitholder(s) in whose folio(s) transaction**(s) has/have taken place during the month on orbefore 10th of the succeeding month shall be sent by mail/e-mail.^Consolidated Account Statement (CAS) shall contain details relating to all the transactions**carried out by the investor across all schemes of all mutual funds during the month andholding at the end of the month including transaction charges paid to the distributor.**The word ‘transaction’ shall include purchase, redemption, switch, dividend payout,dividend reinvestment, systematic investment plan, systematic withdrawal plan, systematictransfer plan and bonus transactions.(iii)(iv)(v)For the purpose of sending CAS, common investors across mutual funds shall be identified bytheir Permanent Account Number (PAN).In case of a specific request received from the Unit holders, the AMC/Fund will provide theaccount statement to the investors within 5 Business Days from the receipt of such request.In the event the account has more than one registered holder, the first named Unit holder shallreceive the CAS/account statement.31

(vi)The CAS shall not be received by the Unit holders for the folio(s) not updated with PANdetails. The Unit holders are therefore requested to ensure that the folio(s) are updated withtheir PAN.Further, the CAS detailing holding across all schemes of all mutual funds at the end of every sixmonths (i.e. September/ March), shall be sent by mail/e-mail on or before 10th day of succeedingmonth, to all such Unit holders in whose folios no transaction has taken place during that period. Thehalf yearly consolidated account statement will be sent by e-mail to the Unit holders whose e-mailaddress is available, unless a specific request is made to receive in physical.The statement of holding of the beneficiary account holder for units held in demat will be sent by therespective DPs periodically.DividendThe dividend warrants shall be dispatched to the unitholders within 30 days of the date of declarationof the dividend.RedemptionThe redemption or repurchase proceeds shall be dispatched to the unitholders within 10 working daysfrom the date of redemption or repurchase.Delay in payment of redemption / repurchase proceedsThe Asset Management Company shall be liable to pay interest to the unitholders at such rate as maybe specified by SEBI for the period of such delay (presently @ 15% per annum).C. PERIODIC DISCLOSURESNet Asset Value (Redemption) RequestThis is the value per unit of the scheme on a particular day. You can ascertain the value of yourinvestment by multiplying the NAV with your unit balance.NAV of units under the Scheme shall be calculated as shown below: NAV (Rs.)=Market or Fair Value of Current AssetsScheme's investments includingAccrued Income+-Current Liabilities andProvisionsincluding accrued expenses______________________________________________________________________________________No. of Units outstanding under SchemeThe NAV shall be calculated and announced / and released to the Press on a daily basis. The valuation ofthe Scheme’s assets and calculation of the Scheme’s NAV shall be subject to audit on an annual basis andshall be subject to such regulations as may be prescribed by SEBI from time to time.The NAV shall be calculated and announced / and released to the Press on a daily basis. The NAVs ofGrowth Option and Dividend Option will be different after the declaration of the first dividend. NAV of32

the scheme shall be endeavored to be updated on AMFI’s website www.amfiindia.com by 9.00 p.m. TheNAVs shall also be updated on the website of the Mutual Fund, www.idfcmf.com.Half yearly Disclosures: Portfolio / Financial Results (This is a list of securities where the corpusof the scheme is currently invested. The market value of these investments is also stated in portfoliodisclosures)The mutual fund shall publish a complete statement of the scheme portfolio and the unauditedfinancial results, within one month from the close of each half year (i.e. 31 st March and 30 thSeptember), by way of an advertisement at least, in one National English daily and one regionalnewspaper in the language of the region where the head office of the mutual fund is located.The mutual fund may opt to send the portfolio to all unit holders in lieu of the advertisement (ifapplicable).Half Yearly ResultsThe mutual fund and Asset Management Company shall before the expiry of one month from theclose of each half year that is on 31st March and on 30th September, publish its unaudited financialresults in one national English daily newspaper and in a regional newspaper published in the languageof the region where the Head Office of the mutual fund is situated.Annual ReportThe Scheme wise annual report or an abridged summary hereinafter shall be sent by AMC/MutualFund as under:(i) by e-mail to the Unit holders whose e-mail address is available with the Fund,(ii) in physical form to the Unit holders whose email address is not available with the Fund and/or tothose Unit holders who have opted / requested for the same.The physical copy of the scheme wise annual report or abridged summary shall be made available tothe investors at the registered office of the AMC. A link of the scheme annual report or abridgedsummary shall be displayed prominently on the website of the Fund.Associate TransactionsPlease refer to Statement of Additional Information (SAI).TaxationThe information is provided for general informationonly. However, in view of the individual nature of theimplications, each investor is advised to consult his orher own tax advisors/authorised dealers with respect tothe specific amount of tax and other implicationsarising out of his or her participation in the schemes.Debt FundTax onDividendResidentInvestorsNilMutual FundNil (Please refernote below)33

Capital(mention the tax rates as per the applicable tax laws) Gains:Long Term 10/20 %(PleaseNilNilrefer notebelow)Short Term 30%For further details on taxation please refer to theclause on Taxation in the SAINote: Surcharge and Educational cess will be payable in addition to the applicable taxes, whereverapplicable.1) Long-term capital gainsAs per section 112 of the Act, long term capital gains on transfer of units are liable to tax at the rate of20 per cent. Income tax on long term capital gains on transfer of units shall, however be limited to 10per cent of the gains computed without the benefit of indexation.Further, in case of individuals/HUF’s, being residents, where the total income excluding long termcapital gains is below the maximum amount not chargeable to tax1, then the difference between themaximum amount not chargeable to tax and total income excluding long term capital gains, shall beadjusted from long term capital gains. Therefore only the balance long term capital gains will beliable to income tax at the rate of 10/20 per cent.2) Short-term Capital GainsShort-term capital gains arising to domestic companies, are taxable at the rate of 32.445 per cent (30per cent tax plus 5 per cent surcharge2 thereon plus additional surcharge of 3 per cent by way ofeducation cess on the tax plus surcharge)Short-term capital gains arising to partnership companies are taxable at the rate of 30.9 per cent (30per cent tax plus 3 per cent by way of education cess on the tax)Short-term capital gains arising to FIIs, being foreign companies, are taxable at 31.518 per cent (30per cent tax plus 2 per cent surcharge3 on tax plus additional surcharge of 3 per cent by way ofeducation cess on the tax plus surcharge).Short-term capital gains arising to FIIs, other than foreign companies, are taxed at the rate of 30.9 (30per cent tax 3 per cent by way of education cess on the tax).Short-term capital gains arising to individuals and HUFs are taxable on progressive basis, as per therevised slabs of income effective 1 April 2010, given below:1 Effective 1 April 2011, the maximum amounts of total income, not chargeable to tax would be as under:Type of personMaximum amount of incomenot chargeable to taxWomen below 60 years, being residents Rs. 190,000Senior citizens, of 60 years but below 80Rs. 250,000years, being residentsSenior citizens, of 80 years or more, beingRs. 500,000residentsOther individuals and HUFs Rs. 180,0002 Assuming that the total income of corporate unit holder is in excess of Rs. 10,000,000 in a tax year3 Assuming that the total income of corporate unit holder is in excess of Rs. 10,000,000 in a tax year34

In case of persons other than women and senior citizens:Where total income for a tax year (Aprilto March) is less than or equal toRs. 180,000Where such total income is more thanRs. 180,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more thanRs. 800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 180,000Rs. 32,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 92,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of resident women below 60 years of age:Where total income for a tax year (Aprilto March) is less than or equal toRs. 190,000Where such total income is more thanRs. 190,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more thanRs. 800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 190,000Rs. 31,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 91,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of senior citizens (i.e. citizens of 60 years but below 80 years of age) being residentsWhere total income for a tax year (Aprilto March) is less than or equal toRs. 250,000Where such total income is more thanRs. 240,000 but is less than or equal toRs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more than800,000Nil10 per cent of the amount by which the totalincome exceeds Rs. 250,000Rs.25,000 plus 20 per cent of the amount bywhich the total income exceeds Rs. 500,000Rs. 85,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000In case of senior citizens (i.e. citizens of 80 years of age or more) being residentsWhere total income for a tax year (Aprilto March) is less than or equal toNil35

Rs. 500,000Where such total income is more thanRs. 500,000 but is less than or equal toRs. 800,000Where such total income is more than800,00020 per cent of the amount by which the totalincome exceeds Rs. 500,000Rs. 60,000 plus 30 per cent of the amount bywhich the total income exceeds Rs. 800,000An additional surcharge, by way of education cess, is payable at the rate of 3 per cent on theamount of tax payable plus surcharge, if any, as calculated above.3) Income of the Mutual Fund (including dividend income) is exempt from income tax. Howeverthescheme needs to pay distribution tax on the dividend paid by it to the investors.Where income is distributed from 1 April 2011 to 31 May 2011In case of dividend paid by income funds to Individuals and Hindu Undivided Families (‘HUFs’)distribution tax of 13.5187% is payable, while 21.63% distribution tax is payable in case ofdividend paid to persons other than individuals and HUFs. In case of liquid funds, dividenddistribution tax is 27.0735%.Where income is distributed from 1 June 2011In case of dividend paid by income funds to Individuals and Hindu Undivided Families (‘HUFs’)distribution tax of 13.5187% is payable, while 32.445% distribution tax is payable in case ofdividend paid to persons other than individuals and HUFs. In case of dividend paid by liquid fundsto Individual and HUFs dividend distribution tax of 27.0735% is payable, while 32.445%distribution tax is payable if dividend is paid to persons other than Individuals and HUFs.Income distribution tax is inclusive of the base tax rate, surcharge of 5 per cent thereon pluseducation cess of 3 per cent on tax plus surcharge.4) Any income, including gains from redemption of units of scheme of Mutual Fund, received byany person for, or on behalf of, the New Pension System Trust4, is exempt in the hands of suchperson under section 10(44) of the Act.4 As established under the provisions of Indian Trust Act, 1882, on 27 February 2008.36

Investor servicesInvestor Relations Officers:Sr. No Name Region Address and ContactNumber1 Neeta Singh West-Maharashtra17/18, 3rd Floor, VaswaniMansion, 120, DinshawVachha Road, Opp. K CCollege, Churchgate,Mumbai - 400 020. Tel.:22841378.E-Mailneeta.singh@idfc.com2 Bansari Soni. Gujarat andrest of WestGround Floor,Zodiak Avenue Opp toMayors Bunglow,New Law Garden,Ahmedabad -380006Tel.:+9179-26460923 -26460925, 64505881 ,645058573 Jincy John North- Delhi 4th Floor, Narain Manzil,23, Barakhamba Road,New Delhi - 110 001. Tel.: 011-47311323. Fax: 011-43523626, 41524332.4 Baldev Shandil Rest of North Sco:2475-76,1St Floor,Sector-22-C Chandigarh-160022.Tel.:+911725071922, Ext-17205, Mobile:8146388668bansari.soni@idfc.comjincy.john@idfc.combaldev.shandil@idfc.com5 Vijith Raghavan East Oswal Chambers, 1st Floor, 2 vijith.raghavan@idfc.comChurch Lane, Kolkata - 700001. Phone: +91 33 4017 1000to 1004. Fax: +91 33 302497936 Sai RamananChandrasekharSouth- AndhraPradesh andKarnataka6th Floor, East Wing,Raheja Towers, No.26&27, M G Road,Bangalore - 560001.Tel.No.080-66111504 /43079000sai.ramanan@idfc.com37

7 DebashreeChandraSouth-Tamilnadu andKerala8th Floor, KRM Towers, debashree.chandra@idfc.comNo1,Harrington Road,Chetpet,Chennai 600031Tel.:+914445644000Extn.:44209D. COMPUTATION OF NAVThe NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by thenumber of Units outstanding on the valuation date. The Fund shall value its investments according to thevaluation norms, as specified in Schedule VIII of the Regulations, or such norms as may be prescribed bySEBI from time to time.All expenses and incomes accrued up to the valuation date shall be considered for computation of NAV.For this purpose, major expenses like management fees and other periodic expenses would be accrued on aday to day basis. The minor expenses and income will be accrued on a periodic basis, provided the nondailyaccrual does not affect the NAV calculations by more than 1%.Any changes in securities and in the number of units be recorded in the books not later than the firstvaluation date following the date of transaction. If this is not possible given the frequency of the Net AssetValue disclosure, the recording may be delayed upto a period of seven days following the date of thetransaction, provided that as a result of the non-recording, the Net Asset Value calculations shall not beaffected by more than 1%.In case the Net Asset Value of a scheme differs by more than 1%, due to non - recording of thetransactions, the investors or scheme/s as the case may be, shall be paid the difference in amount asfollows:-(i)If the investors are allotted units at a price higher than Net Asset Value or are given a price lowerthan Net Asset Value at the time of sale of their units, they shall be paid the difference in amount bythe scheme.(ii) If the investors are charged lower Net Asset Value at the time of purchase of their units or are givenhigher Net Asset Value at the time of sale of their units, asset management company shall pay thedifference in amount to the scheme. The asset management company may recover the differencefrom the investorsNAV of units under the Scheme shall be calculated as shown below: NAV (Rs.) =Market or Fair Valueof Scheme'sinvestments+CurrentAssetsincludingAccruedIncome-Current Liabilities and Provisionsincluding accrued expenses38

____________________________________________________________________________No. of Units outstanding under SchemeThe NAV of the Scheme will be calculated upto four decimal places and will be declared on all businessdays. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be subject to auditon an annual basis and shall be subject to such regulations as may be prescribed by SEBI from time totime.IV. FEES AND EXPENSESAs per the provisions of the Regulations, read with the amendments thereto, the following fee and expenseswill be charged to the plans under the Scheme:New Fund Offer ExpensesNew fund offer expenses will be borne by the AMC.A. NEW FUND OFFER (NFO) EXPENSES (These expenses are incurred for the purpose of variousactivities related to the NFO like sales and distribution fees paid marketing and advertising, registrarexpenses, printing and stationary, bank charges etc.)New fund offer expenses will be borne by the AMC.B. ANNUAL SCHEME RECURRING EXPENSES(These are the fees and expenses for operating the scheme. These expenses include Investment Managementand Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc.as given in the table below):The AMC has estimated that upto 2.25 % of the weekly average net assets of the scheme will be charged tothe scheme as expenses. For the actual current expenses being charged, the investor should refer to thewebsite of the mutual fund.Particulars% of Net AssetsInvestment Management & Advisory Fee 1.25Custodial Fees 0.05Trustee Fee 0.05Registrar & Transfer Agent Fees including cost0.15related to providing accounts statement,dividend/redemption cheques/warrants etc.Marketing & Selling Expenses including Agents0.50Commission and statutory advertisementBrokerage & Transaction Cost pertaining to the0.07distribution of unitsAudit Fees 0.04Costs related to investor communications 0.06Other Expenses (including listing fees) 0.08Total Recurring Expenses 2.25The purpose of the above table is to assist the investor in understanding the various costs and expenses thatan investor in the Scheme will bear. These estimates are based on a corpus size of Rs.1 crore under theScheme, and would change, to the extent assets are lower or higher. If the corpus size is in excess of Rs.1crore, the above mentioned recurring expenses in the Scheme would change. The above expenses aresubject to inter-se change and may increase/decrease as per actual and/or any change in the Regulations.39

These estimates have been made in good faith as per information available to the AMC and the totalexpenses may be more than as specified in the table above. However, as per the Regulations, the totalrecurring expenses that can be charged to the Scheme in this Scheme information document shall besubject to the applicable guidelines. Expenses over and above the permitted limits will be borne by theAMC.As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the following limits per annum:1. on the first Rs. 100 crore of the Scheme's weekly average net assets, will not exceed 2.25%2. on the next Rs. 300 crore of the Scheme's weekly average net assets, will not exceed 2.00%3. on the next Rs. 300 crore of the Scheme's weekly average net assets, will not exceed 1.75% and4. on the balance of the Scheme's weekly average net assets, will not exceed 1.50%.Recurring expenses incurred in excess of the aforesaid limits will be borne by the AMC.The total recurring expenses of the Scheme, will, however, be limited to the ceilings as prescribed underRegulation 52(6) of the Regulations.These estimates have been made in good faith as per the informationavailable to the Investment Manager based on past experience and are subject to change inter-se. Types ofexpenses charged shall be as per the SEBI (MF) Regulations. Also as per SEBI Circular dated December11, 2008, listing fees shall be a permissible expense to be charged under Regulation 52(4).AMC Fee:In terms of the Investment Management Agreement and the Regulations, the AMC is entitled to aninvestment management fee at 1.25% per annum of the average net assets for a corpus up to Rs.100 croreand at 1.00% per annum for the corpus amount in excess of Rs.100 crore.C. LOAD STRUCTURELoad is an amount which is paid by the investor to redeem the units from the scheme. This amount is usedby the AMC to pay commissions to the distributor and to take care of other marketing and sellingexpenses. Load amounts are variable and are subject to change from time to time. For the currentapplicable structure, please refer to the website of the AMC (www.idfcmf.com) or may call at (toll freeno.1-800-226622) or your distributor. There is no entry or exit load.Entry load & Exit load: NilTransaction chargesThe following transaction charge shall be payable to the ARN certified (KYD compliant) distributors formobilizing funds in the scheme for subscription value of Rs 10,000/- or more:i. For existing investors- The distributor may be paid Rs 100/- as transaction charge per subscription ofRs 10,000/- and above.ii. New investors – The distributor may be paid Rs 150/- as transaction charge for a first time investor inMutual Funds.iii. The transaction charge, to be deducted by the AMC from the subscription amount and paid to thedistributor; and the balance shall be invested.iv. No transaction charge on subscription below Rs 10,000/-v. No transaction charge shall be payable on transactions other than purchases/ subscriptions relating tonet inflows.vi. Distributors shall be able to choose to opt out of charging the transaction charge. However, the ‘optout’shall be at distributor level and not investor level i.e. a distributor shall not charge one investor andchoose not to charge another investor.40

V. RIGHTS OF UNITHOLDERSPlease refer to SAI for details.VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OFINSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKENOR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY1. Penalties and action(s) taken against foreign Sponsor(s) limited to the jurisdiction of the countrywhere the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out orwhere the headquarters of the Sponsor(s) is situated. Also, top 10 monetary penalties of foreignsponsor(s) during the last three years.None2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action takenduring the last three years or pending with any financial regulatory body or governmentalauthority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company;for irregularities or for violations in the financial services sector, or for defaults with respect toshare holders or debenture holders and depositors, or for economic offences, or for violation ofsecurities law. Details of settlement, if any, arrived at with the aforesaid authorities during thelast three years shall also be disclosed.The National Securities Clearing Corporation Ltd. informed that IDFC Enterprise EquityFund had an open interest in stock futures segment in one of the securities where theexposure quantity which was in excess of 1% of the free float market capitalization (interms of shares) and that the exposure was also in excess of 5% of open interest (in termsof number of shares) in all futures and option contracts in the underlying security. Inaccordance with the NSCCL circular dated June 17, 2003, the MF was levied a penalty ofRs. 1 Lakh.3. Details of all enforcement actions(Including the details of violation, if any) taken by SEBI in thelast three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules andRegulations framed there under including debarment and/ or suspension and/ or cancellationand/ or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which theSponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of thedirectors and/ or key personnel (especially the fund managers) of the AMC and Trustee Companywere/ are a party.None4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund towhich the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ orany of the directors and/ or key personnel are a party.None5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or theBoard of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in theSID, or notified by any other regulatory agency.The Clearing Corporation of India Limited, Mumbai imposed a penalty on the AMCunder CCIL’s Bye – Laws, Rules & Regulation on account of short fall in CCIL securities41

segment margin. The penalty charged to the AMC amounted to approx. Rs 49,000. TheAMC has taken adequate steps to ensue that no further breach shall take placeNotwithstanding anything contained in this Scheme Information Document, the provisions ofthe SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.Note: The Scheme Information Document containing details of the schemes of IDFC MutualFund, has been approved by the Board of IDFC AMC Trustee Company Limited (formerlyknown as Standard Chartered Trustee Company Limited) on June 16, 2008.For and on behalf of the Board of Directors ofIDFC Asset Management Company LimitedSd/-Naval Bir KumarPresident & CEOMumbai, dated November 2, 201142

REGISTRAR:Computer Age Management Services Private Limited (CAMS)Computer Age Management Services Pvt Ltd148 Old Mahabalipuram RoadOkkiyam ThuraipakkamChennai - 600096Ph :044-24597266/Fax 044-24590980E-Mail ID: a_apurbakumar@camsonline.comWebsite: www.camsonline.comLocation Address State Pin codeISC'sAhmedabadBangaloreBhubaneswar402-406,4th Floor -DevpathBuildingTradeCentre, 1stFloorPlot No -111,VarahaComplexBuildingOff C G Road45, Dikensen Road3rd Floor, StationSquareSTDcode Ph.1 Fax. NoBehind LalBungalow. EllisBridge Gujarat 380 006 079 3008 2468 3008 2473( Next toManipal Centre) Karnataka 560 042 080 3057 4709 2532 6162KharvelNagar,Unit 3 Orissa 751 001 0674 325 3307 253 4909ChandigarhChennaiCochinCoimbatoreDurgapurGoaHyderabadIndoreJaipurSCO 80-81,IIIrd F Sector 17 C Punjab 160 017 0172 304 8720 271 1325GroundFloorNo.178/10,Kodambakkam HighRoad Opp. Hotel Palmgrove Nungambakkam Tamil Nadu 600 034 044 39115 561 28283 61340 / 9633D,Veekshana Near Internationalm Road hotel Kerala 682 035 0484 323 4658 2383830Old # 66New # 86,LokamanyaStreet(West) Ground Floor R.S.Puram Tamil Nadu 641 002 0422 301 8000 301 80034/2, BengalAmbujaHousingDevelopment Ltd,Ground Floor, CityCentreWestBengal 713 216 0343 329 8890 2548190No.108, 1stFloor,GuruduttaBldg Above Weekender M G Road Goa 403 001 0832 325 1755 242 4527208, IIFloor Jade Arcade Paradise Circle101,ShalimarCorporate 8-B, South tukogunj,Centre Opp.GreenparkR-7,YudhisthirMarg ,C-AndhraPradesh 500 003 040 3918 2471 3918 2472MadhyaPradesh 452 001 0731 325 3692 2528609Behind Ashok NagarPolice Station Rajasthan 302 001 0141 326 9126 511450043

SchemeKanpurKolkataLucknowLudhianaMaduraiMangaloreMumbaiI Floor 106to 108CITY CENTRE PhaseII63/ 2, THEMALL"LORDSBuilding" 7/1,Lord Sinha Road Ground FloorOff # 4,1stFloor,Centre Court 3/c, 5 - Park Road,Building, HazratganjU/ GF,PrinceMarket,Green Field86/71A,TamilsangaUttarpradesh 208 001 0512 3918003 3918002WestBengal 700 071 033 32550760 3058 2288Uttarpradesh 226 001 0522 391 8000 2237309Near Traffic Lights,Sarabha Nagar Pulli Pakhowal Road, Punjab 141 002 0161 301 8000 501 6811m Road Tamil Nadu 625 001 0452 325 1357 4381682No. G 4 &G 5, InlandKadri MainMonarch Opp. Karnataka Bank Road, Kadri Karnataka 575 003 0824 325 1357 425 2525RajabahdurCompound,GroundFloorOpp Allahabad Bank,Behind ICICI Bank30, MumbaiSamachar Marg,FortMaharashtra 400 023 022 30282468 30282482Nagpur 145 Lendra New RamdaspethMaharashtra 440 010 0712 325 8275 2432447New Delhi304-305 IIIFloorKanchenjungaBuilding18, BarakhambaRoad, CannaugtPlace New Delhi 110 001 011 3048 2471 2335 3834PatnaKamlalayeShobhaPlaza,GroundFloor Near Ashiana Tower Exhibition Road Bihar 800 001 0612 325 5284 2322207PuneNirmitiEminence,Off No. 6, IFloorOpp Abhishek HotelMehandale GarageRoadErandawaneMaharashtra 411 004 020 3028 3005 30283001SuratVadodaraVijayawadaVisakhapatnamTP'sOffice No 2Ahura -MazdaComplex103 AriesComplex40-1-68,Rao &RatnamComplex47/ 9 / 17,1st FloorFirst Floor, SadakStreetTimalyawad,Nanpura Gujarat 395 001 0261 326 2267 NABPC Road, Off R.C.Dutt Road Alkapuri Gujarat 390 007 0265 301 8032 3018030Near ChennupatiPetrol Pump3rd Lane , DwarakaNagarM.G Road,LabbipetLocation Add1 Add2 Add3 Pin codeAgraAjmerAllahabadAlwarAmaravatiAndhraPradesh 520 010 0866 329 9181 6695657AndhraPradesh 530 016 0891 329 8397 2540175STDcode Ph.1 Fax. NoNo. 8, IIFloor Maruti Tower Sanjay PlaceUttarpradesh 282002 0562 324 0202 2521 170Shop No.S-5, SecondFloor Swami Complex Rajasthan 305001 0145 329 2040 2425814No.7 IstFloor Bihari Bhawan3, S.P. Marg,Civil LinesUttarpradesh 211001 0532 329 1273 2404055256A,SchemeNo:1, Arya Nagar Rajasthan 301001 0144 3200451 270232481,GulshamTower, 2 nd Near PanchsheelMaharashtrFloor Talkiesa 444601 0721 329 1965 256430444

AmritsarAnandAsansolAurangabadBelgaumBerhampurBhavnagarBhilaiBhilwaraBhopal378-MajithiaComplex,1st Floor M. M. Malviya Road Punjab 143001 0183 325 7404 2211194101, A.P.Tower,Block – G1 st FloorB/H, Sardhar GunjP C Chatterjee MarketComplexNext toNathwaniChambers Gujarat 388001 02692 325071 240981RambandhuTalab P OUshagramOffice No.1, 1st Floor Amodi Complex Juna BazarTanishTowerFirst Floor,Upstairs ofAaroonPrinters305-306,SterlingPoint209 ,KhichariyaComplexC/oKodwani &AssociatesPlot No.13WestBengal 713303 0341 329 5235 2216054Maharashtra 431001 0240 329 5202 2363664CTS No. 192/A,Guruwar Peth Tilakwadi Karnataka 590006 0831 329 9598 2425304Gandhi Nagar MainRoad Orissa 760001 0680 3203933 2220001Waghawadi RoadOpp IDBI BankOPP. HDFCBANK Gujarat 364002 0278 3208387 2567020Nehru NagarSquareChhattisgarh 490020 0788 3299 040 4050560F-20-21, ApsaraComplex Azad Market Rajasthan 311001 01482 320809 231808Major ShoppingCenterZone-I,M.P.NagarMadhyaPradesh 462011 0755 329 5878 4275591BokaroBurdwanCalicutCuttackMazzanineFloor399, G TRoad29/97G 2ndFloorNear IndianOverseasBankF-4, City Centre,Sector 4,Basement of Talk ofthe TownGulf Air BuildingCantonment RoadBokaro SteelCity Jharkhand 827004 06542 324 881 233807WestBengal 713101 0342 320 7001 2568584Mavoor Road,Arayidathupalam Kerala 673016 0495 325 5984 2723173Mata MathOrissa 753001 0671 329 9572 2303722DavenegereDehradunDhanbadErodeFaridhabadGhaziabadGorakhpurGunturGurgaonGuwahati13, IstFloor,Akkamahadevi SamajComplexChurch Road,P.J.Extension Karnataka 577002 08192 326226 230038204/121Nari ShilpMandirMarg Old Connaught Place Uttaranchal 248001 0135 325 1357 2713233UrmilaTowersRoom No: 111(1stFloor) Bank More Jharkhand 826001 0326 329 0217 2304675197,SeshaiyerComplex Agraharam Street Tamil Nadu 638001 0424 320 7730 4272073Behind AnupamB-49, IstSweet House,Floor Nehru Ground NIT Haryana 121001 0129 3241148 2410098113/6 IFloorShop No. 3,SecondFloor, TheMallNavyug MarketCross Road, A.D.ChowkBank RoadUttarpradesh 201001 0120 3266917 4154476Uttarpradesh 273001 0551 329 4771 2344065Door No 5-38-44 5/1 BRODIPETNear RaviSankar HotelAndhraPradesh 522002 0863 325 2671 668 0838SCO - 17,3rd Floor, Sector-14 Haryana 122001 0124 326 3763 4082660A.K. AzadRoad, Rehabari Assam 781008 0361 260 7771 213903845

Gwalior1 st Floor,SinghalBhavanDaji Vitthal Ka BadaOld High CourtRoadMadhyaPradesh 474001 0751 320 2873 2427662HosurHubliJabalpurJalandharJalgaonJamnagarJamshedpurJodhpurKolhapurKotaKottayamManipalMeerutMoradabadMuzzafarpurMysoreNasikNellorePanipatPatialaPondicherryShop No.8J D Plaza OPP TNEB Office Royakotta Road Tamil Nadu 635109 04344 321002 220200206 & 207.1st Floor'A' Block, KundagolComplexOpp Court,Club road Karnataka 580029 0836 329 3374 4255255975,Chouksey4th Bridge, MadhyaChambers Near Gitanjali School Napier Town Pradesh 482001 0761 329 1921 4017146367/8,Central Opp. GurudwaraTown Diwan Asthan Punjab 144001 0181 3254883 2222882RustomjiInfotechOpp. Old Bus MaharashtrServices 70, NavipethStanda 425001 0257 3207118 2235343217/218,ManekCentre P.N. Marg Gujarat 361008 0288 329 9737 266 1942MillenniumTower, "R" Room No:15 FirstRoad Floor, Bistupur Jharkhand 831001 0657 329 4594 22248791/5, NirmalTower Ist Chopasani Road Rajasthan 342003 0291 325 1357 2628039AMDSofexOfficeNo.7, 3rdMaharashtrFloor Ayodhya Towers Station Road a 416001 0231 3209 732 2650401B-33'Kalyan Triangle Part ,VallabhBhawan Nagar Rajasthan 324007 0744 329 3202 2505452Door No.ManoramaIX / 1276 Amboorans Building Junction Kerala 686001 0481 3207 011 2302763AcademyAnnex,First Floor108 IstFloorShivamPlazaOpposite CorporationBank Upendra Nagar Karnataka 576104 0820 325 5827 2573333Opposite EvesCinema, Hapur RoadUttarpradesh 250002 0121 325 7278 2421238B-612'Sudhakar' Lajpat NagarUttarpradesh 244001 0591 329 7202 2493144Brahman Durgasthantoli,Gola Road Bihar 842001 0621 3207504 2246022(AboveTrishakthiMedicals),No.1, 1st CH.26 7th Main, 5th SaraswatiFloor CrossPuram Karnataka 570009 0821 3206991 2342182RuturangBungalow, Behind Big Bazar,2 Godavari Near Boys Town Off College MaharashtrColony SchoolRoada 422005 0253 329 7084 257744897/56, IFloorImmadiset RanganayakulapetAndhraty Towers Road, Santhapet,Pradesh 524001 0861 329 8154 230239883, DeviLalShopping Opp ABN Amro Bank,Complex G.T.Road Haryana 132103 0180 325 0525 400980235, New lalBaghColony Punjab 147001 0175 329 8926 2229633S-8, 100,JawaharlalNehru (New Complex, Opp.PondicherrStreet Indian Coffee House)y 605001 0413 421 0030 421003046

RaipurRajahmundryRajkotRanchiC-24,Sector 1 Devendra NagarChhattisgarh 492004 0771 3296 404 2888002Cabin 101D.no 7-27- 1 st Floor Krishna Baruvari Street Andhra4ComplexT Nagar Pradesh 533101 0883 325 1357 6665531Office 207- 210,Opp ShastriEverestMaidan, LimdaBuilding Harihar Chowk Chowk Gujarat 360001 0281 329 8158 2227552NearStudent’sCottage PeePeeCompound Jharkhand 834001 0651 329 6202 2226601Rourkela 1st Floor Mangal BhawanPhase II ,PowerHouse Road Orissa 769001 0661 329 0575 NASalemNo.2, IFloorVivekananda Street, New Fairlands Tamil Nadu 636016 0427 325 2271 2330592SambalpurC/o RajTibrewal &AssociatesOpp.Town HighSchool,Sansarak Orissa 768001 0663 329 0591 2405606SiliguriNo 8,SwamijiSarani,GroundFloorHakimparaWestBengal 734001 0353 329 1103 2531024ThiruppurTirunelveliTrichurTrichyTrivandrumUdaipurValsadVaranasiVashiVelloreWarangalBalasoreJammu1(1), BinnyCompound, II Street, Kumaran Road Tamil Nadu 641601 0421 3201271 42421341 Floor,ManoPrema 182 / 6, S.N HighComplex Road Tamil Nadu 627001 0462 320 0308 2333688AdamBazarRoom no.49, GroundFloorRice Bazar(East) Kerala 680001 0487 325 1564 2420646No 8, IFloor, 8thCross WestExtn Thillainagar Tamil Nadu 620018 0431 329 6906 2741717R SComplexOpposite of LICBuilding Pattom PO Kerala 695004 0471 324 0202 255417832Ahinsapuri Fatehpura Circle Rajasthan 313004 0294 329 3202 2454567NearDreamlandGroundTheater , TithalFloor Yash Kamal -"B" Road Gujarat 396001 02632 324 202 NAC 27/249 -22A,VivekanandNagarUttarpradesColony Maldhaiyah 221002 0542 325 3264 2202126MahaveerCenterOffice No:17, PlotNo:77 Sector 17Maharashtra 400703 022 32598154 27892991No:54, IstFloor Pillaiyar Koil Street Thotta Palayam Tamil Nadu 632004 0416 3209017 4202233Opp. PublicGarden,F13, 1st BVSS Mayuri Lashkar Bazaar AndhraFloor Complex, Hanamkonda Pradesh 506001 0870 320 2063 2554888B C SenRoad Orissa 756001 06782 326808 2264902660-GandhiNagar J &K 180004 0191 9.91E+09 243260147

BellaryNavsariMathuraRohtakRatlamTirupathiKalyaniBhujSolapurKestopurJunagadhAnkleshwarKollamJhansiDhuleAligarhSataraKumbakonamBhagalpurBareillyAkolaYamuna NagarNo.18A,1st FloorDineshVasani &Associates159/160VikasBazarOpp. Ganesh PetrolPump103 -HarekrishnaComplex, above IDBIBank,Parvathi NagarMain Road Karnataka 583103 08392 326848 268822Nr. VasantTalkies,ChimnabaiRoad Gujarat 396445 02637 327709 248744Uttarpradesh 281001 0565 3207007 2404229205, 2 NDFloor, Blg.No. 2, Munjal Complex, Delhi Road, Haryana 124001 01262 318687 258436Dafria &CoShop No14,BoligalaComplex,A - 1/50,Block - A,DataSolution,OfficeNo:174,Lokhandwala Tower,AA 101,PrafullaKananCircleChowk,81, Bajaj Khanna1st Floor, Door No.18-8-41BDist NadiaI st Floor144, Sidheshwar Peth,Sreeparna AppartmentNear LeelaMahal CircleTirumalaByepass RoadMadhyaPradesh 457001 07412 324829 235788AndhraPradesh 517501 0877 3206887 2225056WestBengal 741235 033 32422712 25022720MunicipalBuilding OppHotel PrinceStation Road Gujarat 370001 02832 320762 227176Near Z.P. Opp.Pangal HighSchool,Ground FloorKolkataMaharashtra 413001 0217 3204201 2724548WestBengal 700101 033 32415332 25768098Near Choksi BazarKaman, Gujarat Gujarat 362001 0285 3200909 2653682G-34, RaviComplex,Valia CharRasta, G.I.D.C., Gujarat 393 002 02646 310206 220059Kochupilamoodu Near VLC, BeachJunction Road Kerala 691001 474 3248376 2742850Opp SBICredit Babu Lal KharkanaUttarpradesBranch CompoundGwalior Road h 284001 510 3202399 2332455H. No.1793 / A,MaharashtrJ.B. Road Near Tower Gardena 424 001 2562 329902 241281CityEnclave,Opp.KumarNursingHome Ramghat Road U.P. 202001 571 3200301 2402089117 / A / 3 /22,ShukrawarMaharashtrPeth Sargam Apartmenta 415002 2162 320926 281706JailaniComplex 47, Mutt Street Tamil Nadu 612001 435 3201333 2403747Krishna, IFloor Near Mahadev CinemaDr.R.P.Road,Bhagalpur Bihar 812002 641 3209093 2409506F-62-63,ButlerCivil Lines,PlazaBareilly U.P. 243001 581 3243172 2554228Opp. RLTScienceMaharashtrCollege Civil Linesa 444001 724 3203830 2431702124-B/RModelTown Yamunanagar Haryana 135 001 1732 316880 22533948

DeogharAhmednagarPorbandarSurendranagarKarimnagarKadapaSagarShimlaKannurMehsanaHazaribagAnantapurKurnoolLaturRaichurHisarOpp. HotelS S M JalanRoad Ground floorAshoke, CasterTown Jharkhand 814112 6432 320227 224468203-Market YardA,MuthaRoad,MaharashtrChambers Old Vasant Talkies Ahmednagar a 414 001 241 3204221 2320325II Floor,HarikrupaTowers Opp. Vodafone Store M G Road Gujarat 360575 286 3207767 22430312 M I Park,NearCommerceCollege Wadhwan City Surendranagar Gujarat 363035 2752 320231 230999HNo.7-1-257,Upstairs SB H Mangammathota Karimnagar A.P. 505 001 878 3205752 225594Door No.1-1625, DNRLaxmi Opp. Rajiv Marg, Yerramukkapall AndhraPlaza Railway Station Road i, Kadapa Pradesh 516 004 8562 322469 254122Opp.SomaniAutomobiles Bhagwanganj SagarI Floor,Opp.PanchayatBhawanMain gate Bus stand ShimlaMadhyaPradesh 470 002 7582 326711 408402HimachalPradesh 171001 177 3204944 2650737RoomNo.14/435Casa Marina ShoppingCentre Talap, Kannur Kerala 670004 497 324 93821st Floor,SubhadraComplex Urban Bank Road Mehsana Gujarat 384 002 2762 323985MunicipalMarket Annanda Chowk Hazaribagh Jharkhand 825301 6546 320251 22395915-570-33,I Floor Pallavi Towers Anantapur A.P. 515 001 8554 326980 227 024H.No.43/8,UpstairsUppini Arcade, N RPeta Kurnool A.P. 518 004 8518 312 978 329504KoreComplex,2nd Cross Near ShegauMaharashtrKapad Line PatsansthaLatura 413 512 2382 341927 257574# 12 – 10 –51 / 3C, Besides State Bank ofMaram Mysore, BasaveswaraComplex, Road Raichur Karnataka 584101 8532 323215 25010612, Opp.Bank ofBaroda Red Square Market Hisar Haryana 125001 1662 329580 283100Sriganganagar 18 L Block Sri Ganganagar Rajasthan 335001 154 3206580 2476742PalGulbargaComplex,Ist FloorOpp. City BusStop,SuperMarket Gulbarga Karnataka 585 101 8472 310119 221728SatnaBhatinda1st Floor,Shri RamMarketBesides Hotel Pankaj,Birla RoadMadhyaPradesh 485 001 7672 320896 406996SATNA2907GH,GTRoad Near Zila Parishad BHATINDA Punjab 151001 164 3204511 2210633ShimogaNethravathiNear Gutti NursingHomeKuvempu Road,Shimoga Karnataka 577 201 8182 322 966 271 70649

Bharuch (parent:Ankleshwar TP)Sangli (Parent:Kohlapur)F-108,RangoliComplex Station Road Bharuch Gujarat 392001 9.83E+09DiwanNiketan313, RadhakrishnaVasahatOpp. HotelSuruchi, NearS.T. Stand,SangliMaharashtra 416416 9.33E+09Angul Similipada Angul Orissa 759122 6764 329976Andheri (parent:Mumbai ISC)1, SkylarkGroundFloorNear Kamgar KalyanKendra & B.M.C.OfficeAzad Road,Andheri ( E)Maharashtra 400069 22 25261431C.R.Avenue(Parent: KolkataISC)PalakkadMargao33,C.RAvenue2nd floor ,RoomNo.13KolkataWestBengal 700012 9.34E+0910 / 688,SreedeviResidency Mettupalayam Street Palakkad Kerala 678 001 491 3261114 2548093Near LilyVirginkarGarments, OldChambers I Near Kamath Milan Station Road,Floor Hotel, New Market Margao Goa 403 601 832 322 4761RatnagiriHimmatnagarKohinoorComplexD-78 FirstFloorNear Natya TheatreNew Durga BazarNachane RoadRatnagiriMaharashtra 415 639 2352 322940 222048Near RailwayCrossingHimmatnagar Gujarat 383 001 2772 321080 244332Howrah (Parent:Kolkata ISC)KarurGagananchal ShoppingComplex126 G,V.P.Towers, KovaiRoadShop No.36(Basement)37,Dr. AbaniDutta Road,Salkia , HowrahWestBengal 711106 9.33E+09Basement of AxisBank Karur Tamil Nadu 639002 4324 311329 262130BikanerKakinadaBagalkot6/7 YadavComplex Rani Bazar Bikaner Rajasthan 334001 151 3201590No.33-1, 44Sri SathyaComplex Main Road Kakinada A.P. 533 001 884 320 7474 2367 891No. 6,GroundStation Road,Floor, TP No.: 52, Ward No. NearPushpak 10, Next to Kumatagi Basaveshwar0 93791Plaza MotorsCircle Bagalkot Karnataka 587 10185477Karnal (Parent:Panipat TP)7, Ist Floor, Opp BataShowroomKunjapuraRoad, Karnal Haryana 132001 9.81E+09MaldaBilaspurMapusa (ParentISC : Goa)Nadiad (ParentTP: Anand TP)VapiAmbalaDaxhinapanAbasanOpp Lane of HotelKalingaSM Pally,MaldaWestBengal 732 101 3512 329951 268915BesideHDFCBank Link Road Bilaspur Chattisgarh 495 001 7752 327886Officeno.CF-8,1st Floor,Business Above Bicholim Angod,Point Urban Co-op Bank Mapusa Goa 403 507 9.33E+098, RaviKiranComplex215-216,HeenaArcade,Ground FloorNanakumbhnath Road Nadiad Gujarat 387001Opp. Tirupati Tower,Near G.I.D.CChar Rasta,Vapi Gujarat 396195 260 3201249OppositePEER Bal Bhavan Road Ambala Haryana 134003 171 324743750

MogaAgartalaGroundFloorAdjoining TATAIndicom OfficeDutt Road,Moga Punjab 142001 1636 310088 502994AdvisorChowmuhani (GroundFloor) Krishnanagar Agartala Tripura 799001 381 9.86E+09 2223009Bhusawal (Parent:Jalgaon TP)PalanpurItarsiUnjha (Parent:Mehsana)Jalna C.C.(Parent:Aurangabad)NamakkalSaharanpurRoparVeravalRae BareliSrikakulamHaldwaniMorbiNizamabadRajapalayamChristain Mohala,3, AdeladeApartmentBehind Gulshan-E-Iran HotelJyotindraIndustriesCompound1st Floor,ShivaComplex Bharat Talkies Road Itarsi10/11,MarutiComplex,Shop No:11, 1StFloor,AshokaPlazaAmardeepTalkies RoadMaharashtra 425201Near Vinayak PartyPlot, Deesa Road Gujarat 385 001 2742 321810 255747Opp. B R Marbles,Highway Road Unjha Gujarat 384 170MadhyaPradesh 461 111 7572 321474 241190Opp: Magistic TalkiesSubhash RoadJalnaMaharashtra 431 203Opp. To DistrictRegistrarOffice, Trichy156A / 1, Lakshmi Vilas Road,First Floor, BuildingNamakkal Tamil Nadu 637001 4286 322540I Floor,KrishnaCourt RoadComplex Opp. Hathi Gate Saharanpur U.P. 247001 132 3255589 2712507SCF - 17Zail SinghNagar Ropar Punjab 140001 1881 324761 228618Opp.LohanaMahajanWadi Satta Bazar Veraval Gujarat 362 265 2876 322900 24660017, AnandNagarComplex Rae Bareli U.P. 229001 535 3203360 2205366Door No 5- 6 - 2,PunyapuStreetPalakonda Road, NearKrishna Park Srikakulam A.P. 532 001 8942 321 900Durga CityCentre Nainital Road Haldwani108,GalaxyComplexUttarakhand 263139 5946 313500 224116Opp. K.K. Steel,Sanala Road Morbi Gujarat 363 641 2822 326910 221181D. No. 5-6-209 Saraswathi Nagar NIZAMABAD A.P. 503001 8462 310007No 155,RailwayFeeder Near Bombay DyeingRoad Showroom Rajapalayam Tamil Nadu 626117 4563 327520NandedShop No 7,1st FloorKothari ComplexShivaji NagarNandedmaharashtra 431 602 2462 315980DarbhangaChandrapurShahiComplex,1st FloorAboveMustafaDecorNear RB Memorialhospital,V.I.P. Road,BentaHakimi Plaza, NearJetpura GateLaheriasarai,Darbhanga Bihar 846001 6272 326988Near BangaloreBakery,Kasturba Road MaharashtrChandrapur a. 442 402 7172 313885 25310851

KharagpurWardhaTuticorinFaizabadDharmapuriRoorkeeHoshiarpur623/1MalanchaMain RoadOpp.RamanCycleIndustries1 – A /25, 1stFloor64CantonmenPO Nimpura, WARDNO - 19Krishna NagarEagle Book CentreComplexKharagpurt Near GPO Faizabad94,Kandasami VathiyarStreetWestBengal 721304 3222 323984 254121Maharashtra. 442 001 7152 327735 245678ChidambaramNagarMain,Palayamkottai RoadTuticorin Tamil Nadu 628 008 461 3209960UttarPradesh 224001 5278 310664 223623Near MunicipalOffice, Dharmapuri Dharmapuri Tamil Nadu 636 701 4342 310303399/1JadugarRoad 33 Civil Lines RoorkeeUttarakhand 247667 1332 312386 273139NearArchiesGallery Shimla Pahari Chowk Hoshiarpur Punjab 146 001 1882 321081YavatmalPushpam,TilakwadiOpp. Dr. ShrotriHospitalYavatmaMaharashtra 445 001 7232 322780 237045HaldiaSonepatChittorgarhShillongSolanShopo No.5, PPTower187 RanaSanga2nd Floor, NewMarket ComplexGround FloorDurgachak PostOffice,PurbaMedinipurDistrict, HaldiaWestBengal 721 602 3224 320273 276655Opp to IncomeTax office, Haryana 131 001 130 3203021 2214194Market Rajasthan 312001 1472 324118LDBBuilding,1st Floor G.S.Road Meghalaya 793001 364 2222265 22222651st Floor,AboveSharmaGeneralStoreNear Sanki Rest houseThe Mall,SolanHimachalPradesh 173 212 1792 321074 220705SitapurGondiaArya NagarShriTalkiesRoadNear Arya KanyaSchoolSitapurUttarPradesh 261001 5862 324356 271399Maharashtra 441601 7182 321680Sultanpur967, CivilLinesNear Pant StadiumUttarPradesh 228 001 9.39E+09TanjoreTinsukiaKanchipuramIchalkarnaji(Parent Kolhapur)1112, WestMain Street Tamil Nadu 613 009 4362 319022SanairanLohiaRoad,1stFloor Assam 786 125 374 2336742New No.Near38, (Old Vallal Pachayappan PachayappasNo. 50), StreetHigh School Tamil Nadu 631 501 44 3721000112/178,BehindCongressCommitteeOffice 416 115 231 320935652

ThiruvallaAlleppeyCentralTower, Above Indian Bank, Cross Junction Kerala 689101 469 3208430Blgd. No.VIII / 411,C C N BRoad Near Pagoda Resort Chungom Kerala 688011 477 3209718Collecting Bankers:The collecting bankers of various schemes of IDFC Mutual Fund include(1) Standard Chartered Bank (SEBI registration no. INBI0000885)90 MG Road, Fort, Mumbai – 400 001(2) HDFC Bank (SEBI registration no. INBI00000063)Sandoz House, Dr Annie Besant Road, Worli, Mumbai - 400018The AMC reserves the right to appoint other qualified banks as collecting bankers from time to time.53