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This product is suitable for investors who are seeking*:
• Capital appreciation over long term
• Investment predominantly in equity and equity related instruments
*Investors should consult their financial advisers if in doubt about whether
the product is suitable for them. September 2015
Riskometer
HDFC Growth Fund(An Open Ended Growth Scheme)
Growing With Confidence#
# The fund has given a CAGR return of 19.04% since inception. For complete details refer slide 13
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Table of Contents
• Growing – Staying Patient Is the Key
• Investment Philosophy
• Current Investment Strategy
• Equity Portfolio Composition
• Portfolio Facts
• Equity Market Outlook
• Dividend History
• Why HDFC Growth Fund
• Asset Allocation Pattern
• Product Features & Scheme Performance
• Disclaimer
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Growing – Staying Patient Is the Key
3
125.22
60.30
0
20
40
60
80
100
120
140
Sep-00 Sep-01 Sep-02 Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13 Sep-14
HDFC Growth Fund S&P BSE SENSEX
Inception
Sept 11th
2000
Aug-15
Staying invested & patient is key to long
term wealth creation
Source: BSE
Internal data computation
Values are of August 31, 2015.
Past Performance may or may not be sustained in the future. HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme.Fund Inception date September 11 , 2000. BSE SENSEX values indexed to Rs 10 from scheme inception date. NAV on inception date was Rs 10. For
further details on performance refer slide 13.
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Investment Philosophy Focus On
the LongTerm
Maintain Amargin of
safety
InvestmentsConfer
proportionateownership
Maintain Abalanced
outlook onthe Market
DisciplinedApproachto Selling
4
The scheme intends invest in sectors/companies that would
benefit from a growing Indian economy.
• Growth in the Indian economy is driven by :
• Growing investments to build infrastructure and
manufacturing capacities
• Growing knowledge intensive industries like IT and
Pharma
• Increasing consumption levels
Approach
• The scheme would endeavor to purchase stocks that
represent a discount to its value, in an effort to preserve
capital and generate superior growth.
• The investment portfolio would be regularly monitored
to understand the impact of changes in business and
economic trend as well as investor sentiment.
• The decision to sell a holding would be based on the
fund managers perception of the market with an aim to
generate superior returns.
HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme. The current investment strategy is subject to change
depending on the market conditions
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Current Investment Strategy
•
Capitalize on growing Indian Economy by investing in companies that offer superior risk adjustedreturns across sectors with a large cap bias.
• Among three themes (Investment, consumption and knowledge intensive), the scheme would
generally invest between 70-90% in large-caps comprises (companies drawn from the S&P BSE SENSEX
or companies with a market cap larger than the smallest company in the S&P BSE SENSEX) and the
remaining corpus in mid and small-caps.
• Strategy is to have about 70-90% exposure to Large cap companies:
• Available at relatively attractive valuations.
• High quality companies with strong earnings growth
• Sustainable business models
• Invest remaining in mid and small caps offering:
• Deep value
• Strong earnings visibility
• Value unlocking potential
• Long term bets
• Currently over weight on Energy and Industrials. Under weight on FMCG, Auto, IT and Pharma Neutral
on Financials
5HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme. The current investment strategy is subject to changedepending on the market conditions. Stocks/sectors referred above are not recommended by HDFC Mutual Fund/AMC. The Fund may or may not have
any present or future positions in these sectors.
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Equity Portfolio Composition
25.2
11.310.3
6.75.9
4.6 4.1 3.83.1 2.9
19.2
Banks Software Petroleum Products
Auto Pharmaceuticals Construction
Capital Goods Power Finance
Chemicals Others (13 Sectors)
Portfolio as on 31st August 2015. For complete portfolio details visit www.hdfcfund.com
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Portfolio Facts
Portfolio as on 31st August 2015. For complete portfolio details visit www.hdfcfund.com. ** Average AUM for the quarter ended June 30th , 2015
Total Equity & Equity Related Holdings 97%
Cash, Cash Equivalents and net Current Assets 3%
Average AUM** (Rs. in crores) 1,187.23
Total Number of stocks in the Portfolio 44
Top 10 Holdings
(As a % Of Total Holdings) 50.9
Top 15 Holdings
(As a % Of Total Holdings)
64.0
Portfolio Turnover Ratio (%) 25.6
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0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
0
5
10
15
20
25
30
35
40
45
A u g
9 1
A u g
9 3
A u g
9 5
A u g
9 7
A u g
9 9
A u g
0 1
A u g
0 3
A u g
0 5
A u g
0 7
A u g
0 9
A u g
1 1
A u g
1 3
A u g
1 5
Roll PE (LHS) Average (LHS)
BSE (RHS)
Equity Market Outlook
Markets continue to remain reasonably valued and
make for a compelling investment opportunity for
long term investors
8
• India is one of the biggest beneficiaries of lower commodity prices especially crude oil.India has saved around USD 55bn in crude imports
alone in the 12 months ended July 2015.
• Further, low inflation, improving CAD and
fiscal outlook and rising order backlogs in
some key infrastructure related industries
point to a steadily improving growth
prospects of the economy, especially of the
capex cycle.
• Improving margin outlook of corporates,
likely lower interest rates, softening
commodity prices and reasonable valuations
lead to a positive outlook for equity marketsover the medium to long term.
• In our opinion therefore, there is merit in
increasing allocation to equities (for those
with a medium to long term view) in a phased
manner and to stay invested.
Source: CSO, CLSA
HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme.
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Dividend History
^Past performance may or may not be sustained in the future. All dividends are on face value of Rs. 10 per unit. After payment of the dividend,
the per Unit NAV falls to the extent of the payout and statutory levy (if applicable.). There is no assurance or guarantee to unit holders as to therate/quantum of dividend distribution nor that the dividends will be paid regularly.
Financial Year Record DateNAV per Unit (Rs.)
Cum Dividend
Dividend
Per Unit (Rs.) ^Dividend Yield
2003-04Sep 01, 2003 13.071 1.50 11.5%
Feb 27, 2004 16.122 2.00 12.4%
2004-05 Dec 15, 2004 17.711 2.00 11.3%
2005-06 Dec 30, 2005 23.123 2.50 10.8%
2006-07 Dec 28, 2006 29.681 3.50 11.8%
2007-08 Dec 27, 2007 42.928 4.00 9.3%
2008-09 Feb 26, 2009 17.949 2.25 12.5%
2009-10 Feb 25, 2010 30.043 2.75 9.2%
2010-11 Feb 24, 2011 31.392 3.00 9.6%2011-12 Feb 23, 2012 30.629 3.00 9.8%
2012-13 Feb 21, 2013 29.331 3.00 10.2%
2013-14 Feb 13, 2014 25.019 3.00 12.0%
2014-15 Feb 12, 2015 33.959 3.50 10.3%
The scheme has a consistent dividend track record for the last 12 years
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Why HDFC Growth Fund?
• A well diversified portfolio
• Capitalize on India Growth story by investing in companies that offer superior risk-reward
proposition
• Bottom up approach with focus on undervalued companies, and companies with sustainable
earnings power
• Large cap bias offering stability and liquidity. Controlled exposure to mid caps
• Avoids ‘growth at any cost’ thereby mitigating portfolio risk; strong emphasis on price of purchase
• Ideal for investors looking to build long term wealth
HDFC Mutual Fund/AMC is not guaranteeing returns on investments made in this scheme. The current investment strategy is subject to change depending
on the market conditions
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Asset Allocation Pattern
The scheme may seek investment opportunity in the Foreign Securities (max. 20% of net assets) subject to SEBI (Mutual
Funds) Regulations, 1996. The scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max
20% of net assets including cash) based on the opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.
The scheme will not invest in Foreign Securitized Debt.
Under normal circumstances, the asset allocation of the scheme’s portfolio will be as follows:
Types of InstrumentsNormal Allocation
(% of Net Assets)Risk Profile
Equity & Equity related instruments 80 – 100 Medium to High
Debt Securities, Money Market instruments &
Cash (including CBLO/ Reverse Repo) 0 - 20 Low to medium
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Product Features
Type of Scheme Open-ended Growth Scheme
Inception Date (Date of allotment) September 11, 2000
Investment Objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity
and equity related investments
Fund Manager $ Mr. Srinivas Rao Ravuri
Plans HDFC Growth Fund, HDFC Growth Fund- Direct Plan
Options Under Each Plan: Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment
facility.
Minimum Application Amount
(Under Each Option)
Purchase: Rs. 5,000 and any amount thereafter
Additional Purchase: Rs. 1,000 and any amount thereafter
Load Structure Entry Load:
• Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder
(AMFI registered Distributor) based on the investors’ assessment of various factors including
the service rendered by the ARN Holder.
Exit Load:
• In respect of each purchase / switch – in of units, an exit load of 1.00% is payable if units are
redeemed / switched – out within 1 year from the date of allotment.
• No exit load is payable if units are redeemed / switched – out after 1 year from the date of
allotment.
Benchmark S&P BSE SENSEX
$ Dedicated Fund Manager for Overseas Investments: Mr. Rakesh Vyas
For further details please refer to the Scheme Information Document / Key Information Memorandum of the Scheme available at ISC̀ s and at
www.hdfcfund.com
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Scheme Performance Summary
30 Jun 2014 to 30
Jun 2015
28 Jun 2013 to 30
Jun 2014
29 Jun 2012 to 28
Jun 2013
Since Inception
CAGR (in %)
HDFC Growth Fund 132.127 9.04 41.22 1.95 19.04 1,32,127
S&P BSE SENSEX1
9.31 30.83 11.28 12.75 59,151
CNX Nifty Index2
9.95 30.09 10.67 12.53 57,462
HDFC Infrastructure Fund # 15.857 6.50 71.19 -12.09 6.51 15,857
CNX 500 Index1
11.71 36.64 8.16 8.01 17,560
CNX Nifty Index2
9.95 30.09 10.67 7.90 17,433
HDFC Rajiv Gandhi Equity Savings Scheme - Series I 15.440 7.72 41.50 NA 21.19 15,482
S&P BSE 1001
9.32 33.23 NA 19.53 15,003
S&P BSE SENSEX2
9.31 30.83 NA 18.91 14,828
HDFC Rajiv Gandhi Equity Savings Scheme - Series II 13.814 8.33 NA NA 28.32 13,814
S&P BSE 1001
9.32 NA NA 23.08 13,087
S&P BSE SENSEX 2 9.31 NA NA 20.53 12,738
Scheme
NAV as on 30
Jun 2015
Discrete Returns in % Value of investment of
Rs. 10,000 Since
Inception (Rs.)
Other funds managed by Srini vas Rao Ravuri Fund Manager of HDFC Growth Fund
Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). The above
returns are of growth option. #The Scheme is co-managed by Prashant Jain and Srinivas Rao Ravuri. 1. Benchmark 2. Additional Benchmark
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Disclaimer & Risk Factors
This presentation dated 10th September 2015 has been prepared by HDFC Asset Management Company Limited
(HDFC AMC) based on internal data, publicly available information and other sources believed to be reliable. Any
calculations made are approximations, meant as guidelines only, which you must confirm before relying on
them. The information contained in this document is for general purposes only. The document is given in
summary form and does not purport to be complete. The document does not have regard to specific investment
objectives, financial situation and the particular needs of any specific person who may receive this document.
The information/ data herein alone are not sufficient and should not be used for the development or
implementation of an investment strategy. The statements contained herein are based on our current views and
involve known and unknown risks and uncertainties that could cause actual results, performance or events to
differ materially from those expressed or implied in such statements. Past performance may or may not be
sustained in future. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any
liability arising from the use of this document. The recipient(s) before acting on any information herein should
make his/her/their own investigation and seek appropriate professional advice and shall alone be fully
responsible / liable for any decision taken on the basis of information contained herein.
Mutual fund investments are subject to market risks, read all scheme related
documents carefully.
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Thank You