HDFC Liquid Fund (An open ended liquid scheme)

CATEGORY OF SCHEME: Liquid Fund PORTFOLIO

Company Rating % to NAV Company Rating % to NAV
KEY FACTS Debt & Debt Related Indian Oil Corporation Ltd. ICRA - A1+ 1.46
investment objective T-BILLS Housing and Urban
Development Corporation Ltd. ICRA - A1+ 1.31
To generate income through a portfolio comprising money • 91 Days Tbill - ISD 281119
market and debt instruments. Mat 270220 Sovereign 11.62 Power Grid Corporation of
India Ltd. CRISIL - A1+ / ICRA - A1+ 1.30
There is no assurance that the investment objective of the • DCMB ( Discounted Cash
Scheme will be realized. Management Bills) 70 days- Axis Bank Ltd. CRISIL - A1+ 1.22
ISD 070120 Mat 170320 Sovereign 9.35 Chennai Petroleum Corp Ltd. CRISIL - A1+ 1.18
CATEGORY OF SCHEME: Liquid Fund
• 91Days Tbill ISD 020120 Mat Mahindra & Mahindra Financial
Fund Manager ¥ 020420 Sovereign 5.19 Services Ltd. CRISIL - A1+ 1.17
Anupam Joshi (since October 27, 2015) • DCMB ( Discounted Cash Indusind Bank Ltd. CRISIL - A1+ 1.01
Total Experience: Over 12 years Management Bills) 63 days
Mat 170320 Sovereign 4.95 Tata Motors Finance Ltd. CARE - A1+ 0.96
Inception Date (Date of Allotment) 91Days Tbill Mat 120320 Sovereign 2.61 Hindustan Petroleum
October 17, 2000 Corporation Ltd. CRISIL - A1+ 0.92
91Days Tbill ISD 261219 Mat
NAV (As on January 31, 2020)^^ NAV per Unit (`) 260320 Sovereign 2.47 Punjab & Sind Bank CRISIL - A1+ 0.92
Regular Plan - Growth Option 3,846.5565 91Days Tbill Mat 060220 Sovereign 1.31 National Fertilizers Ltd. ICRA - A1+ 0.82
Regular Plan - Daily Dividend Reinvestment Option 1,019.8200 DCMB ( Discounted Cash Bahadur Chand Investments
Regular Plan - Weekly Dividend Option 1,031.5993 Management Bills) 76 days- ISD Private Ltd. CARE - A1+ 0.78
Regular Plan - Monthly Dividend Option 1,026.8671 020120 Mat 170320 Sovereign 1.13
Direct Plan - Growth Option 3,868.6922 Bharat Heavy Electricals Ltd. CARE - A1+ / IND - A1+ 0.68
Direct Plan - Daily Dividend Reinvestment Option 1,019.8200 182 Days TBill -Mat 260320 Sovereign 0.28
Cholamandalam Investment &
Direct Plan - Weekly Dividend Option 1,031.6105 364 Days TBill - Mat 270220 Sovereign 0.13 Finance ICRA - A1+ 0.65
Direct Plan - Monthly Dividend Option 1,026.8782
91Days Tbill Mat 190320 Sovereign 0.04 GIC Housing Finance Ltd. CRISIL - A1+ 0.65
aSSETS UNDER MANAGEMENT (`) IN CRORE 364 Days TBill - Mat 200220 Sovereign 0.03 Manappuram Finance Ltd. CRISIL - A1+ 0.65
As on January 31, 2020 76,287.81 182 Days TBill -Mat 060220 Sovereign 0.01 Steel Authority Of India Ltd. CARE - A1+ 0.65
Average for Month of January, 2020 84,070.33
364 Days TBill - Mat 200320 Sovereign 0.01 Tata Capital Financial Services
quantitative data Ltd. CRISIL - A1+ 0.65
91 Days TBill - Mat 200220 Sovereign 0.01
Average Maturity * 36 days UltraTech Cement Ltd. CRISIL - A1+ 0.65
Macaulay Duration * 36 days Sub Total 39.14
Modified Duration * 29 days Motilal Oswal Financial Services Ltd. CRISIL - A1+ 0.62
Credit Exposure
Yield to Maturity * 5.33% Vedanta Ltd. CRISIL - A1+ 0.61
* Computed on the invested amount. • Housing Development
Finance Corporation Ltd.£ CRISIL - AAA 5.04 Rashtriya Chemicals and
Total Expense Ratio (As on January 31, 2020) Fertilizers Ltd. CARE - A1+ 0.59
• LIC Housing Finance Ltd. CARE - AAA / CRISIL - AAA 3.62
Including Additional Expenses and Goods and Service Tax on Chambal Fertilizers & Chemicals
Management Fees Power Finance Corporation Ltd. CRISIL - AAA 1.09 Ltd. CRISIL - A1+ 0.49
Regular: 0.30% Direct: 0.20% National Bank for Agriculture & Tata Teleservices Ltd. CRISIL - A1+ 0.49
Rural Development CRISIL - AAA 0.66
#BENCHMARK INDEX: Crisil Liquid Fund Index Coromandel International Ltd. CRISIL - A1+ 0.39
Bajaj Finance Ltd. IND - AAA 0.52
##addl. BENCHMARK INDEX: CRISIL 1 year T-Bill Index TATA Capital Housing Finance Ltd. CRISIL - A1+ 0.39
Rural Electrification Corporation
Exit Load Ltd. CRISIL - AAA 0.51 UPL Ltd. CRISIL - A1+ 0.39
l On investments made on or before October 19, 2019: NIL Mahindra & Mahindra Financial Andhra Bank CARE - A1+ 0.38
Services Ltd. IND - AAA 0.40
l On investments (including through existing systematic H T Media Ltd. CRISIL - A1+ 0.34
plan registrations) made on or after October 20, 2019, as Indian Railways Finance
Corporation Ltd. CRISIL - AAA 0.36 Punjab National Bank CARE - A1+ 0.33
follows:
Export - Import Bank of India CRISIL - AAA 0.33 Julius Baer Capital (India) Private CRISIL - A1+ 0.31
Units redeemed / switched-out Exit load as a % of
within “X” days from the date redemption proceeds Housing and Urban APL Apollo Tubes Ltd. CRISIL - A1+ 0.26
of allotment Development Corporation Ltd. ICRA - AAA 0.15
Day 1 0.0070% Kotak Mahindra Investments Ltd. CRISIL - A1+ 0.20
Day 2 0.0065% Sundaram Finance Ltd. ICRA - AAA 0.09 Godrej Properties Ltd. CRISIL - A1+ 0.16
Day 3 0.0060% Aditya Birla Finance Ltd. ICRA - AAA 0.04 Kotak Mahindra Prime Ltd. CRISIL - A1+ 0.16
Day 4 0.0055% Sub Total 12.81
Day 5 0.0050% Nirma Ltd. CRISIL - A1+ 0.16
Day 6 0.0045% Total 51.95 Emami Ltd. CRISIL - A1+ 0.13
Day 7 onwards Nil MONEY MARKET INSTRUMENTS Aditya Birla Money Ltd. CRISIL - A1+ 0.12
CD/CP SBI Global Factors Ltd. CRISIL - A1+ 0.12
PlanS & Options
• Reliance Jio Infocomm Ltd. CRISIL - A1+ 5.47 Godrej Industries Ltd. CRISIL - A1+ 0.06
Regular Plan, Direct Plan. Under both the Plans: Growth &
Dividend Option. The Dividend Option offers Daily Dividend • Indian Railways Finance Hero Fincorp Ltd. CRISIL - A1+ 0.05
Option (Reinvestment facility only) and Weekly and Monthly Corporation Ltd. CRISIL - A1+ 3.92
Dividend Option (with Payout and Reinvestment facility). Kotak Mahindra Bank Ltd. CRISIL - A1+ 0.03
• NTPC Ltd. CARE - A1+ / CRISIL - A1+ 3.46
Minimum Application Amount LIC Housing Finance Ltd. CRISIL - A1+ 0.03
• Export - Import Bank of India CRISIL - A1+ 2.75
Purchase : Under Growth Option, Weekly Dividend Option and Sundaram BNP Paribas Home
Tata Teleservices Finance Ltd. CRISIL - A1+ 0.03
Monthly Dividend Option: ` 5,000 and any amount thereafter. (Maharashtra) Ltd. CRISIL - A1+ 2.57
Under Daily Dividend Option: ` 10,000 and any amount thereafter. Sub Total 46.04
Additional Purchase : Under Growth Option, Weekly Dividend National Bank for Agriculture
& Rural Development CRISIL - A1+ / ICRA - A1+ 1.77 Cash, Cash Equivalents and Net Current Assets 2.01
Option and Monthly Dividend Option: ` 1,000 and any
amount thereafter. Under Daily Dividend Option: ` 5,000 Reliance Retail Ltd. CRISIL - A1+ 1.63 Grand Total 100.00
and any amount thereafter. • Top Ten Holdings, £ Co-sponsor
¥ Dedicated Fund Manager for Overseas Investments:
Mr. Chirag Dagli (since July 22, 2019)
(Total Experience: Over 18 years).
^^Calculated on all calendar days. ^Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance.

Face Value per Unit: ` 1,000, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of January 31, 2020 unless otherwise specified.

50 January 2020
HDFC Liquid Fund (An open ended liquid scheme) .....Contd from previous page

This product is suitable for investors who are seeking ~ Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)
l regular income over short term
l to
generate income through a portfolio comprising money n T-Bills 39.14
market and debt instruments n CP 41.79 n Sovereign 39.14
Riskometer n CD 4.25 n AAA/AAA(SO)/A1+/A1+(SO) &
n Credit Exposure 12.81 Equivalent 58.85
n Cash, Cash Equivalents and n Cash, Cash Equivalents and
Net Current Assets 2.01 Net Current Assets 2.01

Performance ^ - Regular plan - Growth Option

Date Period Scheme Benchmark Additional Value of ` 10,000 invested
Investors understand that their principal will be at low risk Returns Returns Benchmark Scheme (`) Benchmark Additional
~ Investors should consult their financial advisers if in doubt (%) (%)# Returns (`)# Benchmark
about whether the product is suitable for them. (%) ## (`)##
Jan 24, 20 Last 7 days 4.98 5.69 5.01 10,010 10,011 10,010
Jan 16, 20 Last 15 days 4.93 5.58 5.59 10,020 10,023 10,023
Dec 31, 19 Last 1 Month 4.86 5.49 5.55 10,041 10,047 10,047
Jan 31, 19 Last 1 Year 6.32 6.68 7.25 10,632 10,668 10,725
Jan 31, 17 Last 3 Years 6.71 7.01 6.70 12,150 12,254 12,149
Jan 30, 15 Last 5 Years 7.18 7.31 7.08 14,146 14,234 14,082
Oct 17, 00 Since Inception 7.23 N.A. 6.44 38,466 N.A. 33,335
Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized (CAGR). N.A. Not Available.
Performance of dividend option under the schemes for the investors would be net of Dividend Distribution Tax as applicable. For
performance of other schemes managed by Anupam Joshi, please refer page 53. Different plans viz. Regular Plan and Direct Plan
have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution
expenses / commission charged in the Regular Plan. For Performance of Direct Plan, refer page no. 63.

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