The selected few.

Handpicked for you.

Presenting HDFC Focused 30 Fund ("the Fund")

Focused yet diversified portfolio of high conviction ideas $

$
as per current investment strategy, which is subject to change depending on the market conditions.
HDFC Focused 30 Fund (An open-ended equity scheme investing in maximum 30 stocks in large-cap,
mid-cap and small -cap category) [(i.e. Multi-Cap)] is suitable for investors who are seeking*: Riskometer #

• To generate long-term capital appreciation/income Modera

oderate High tely
o M
w t erate Hi
• Investments in equity & equity related instruments of up to 30 companies

Mo Lo

gh
d

Very
Low

High
RISKOMETER
Investors understand that their principal will be at
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. very high risk

#For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com
1
 Focused investing philosophy

Portfolio comprising up to 30 stocks

Flexible allocation across market cap segments
Managing volatility by diversifying across sectors and market cap segments
Stock selection focused on growth at reasonable valuations
Long term strategic approach to reap the benefits of focused investing
Aim to generate better risk adjusted returns through a focused portfolio,
backed by extensive in-house research conviction

As Warren Buffet once said , choose a few stocks that are likely to produce above average returns over
the long haul, concentrate the bulk of your investments in those stocks, and have the fortitude to hold
steady during any short-term market gyrations.

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.

Refer slide 17 for disclaimers 2

 HDFC Focused 30 Fund

Concentrated Focus on
portfolio of high quality
conviction ideas, companies at
backed by reasonable
extensive valuations
research

Risk
management HDFC MF’s
through long track record
diversification of managing
across sectors equity oriented
and market cap schemes
segments Up to 30
Companies

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.

Refer slide 17 for disclaimers 3

 Current investment approach

Fundamentally strong companies with growth drivers in medium to long term

Competitively placed in an industry with good prospects
Focus on good
quality Stock selection will consider stage and trajectory of industry cycle and take a
companies risk-adjusted view so as to position ahead of the market.
Strong Management with an ability to capitalize on opportunities while managing risks
Track record of corporate governance, ESG sensitivity and transparency

Valuation Emphasis on valuation to provide reasonable margin of safety

discipline and Holistic approach to valuations without relying solely on
strategic traditional parameters like P/E or P/B
approach Stock selection will be long term in nature

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.
Please refer Scheme Information Document for further details. Please refer the website www.hdfcfund.com for complete portfolio details.

Refer slide 17 for disclaimers 4

 Portfolio positioned to benefit
from macro factors

Theme Key developments Positioning

Macro Economic • Pick-up in credit growth Overweight on Banks,
Environment • Continued infrastructure investments - led by the Government especially against the
• Manufacturing and private capex recovery backdrop of adequate
• Housing cycle recovery provisioning and strong
• Relatively lower sensitivity of India to global growth capital adequacy of banks

Reforms Important reforms like Overweight on Banks,

• National monetization pipeline (NMP) Utilities and select Public
• National electricity policy, privatisation of discoms in UTs, etc. Sector Undertaking (PSUs)
• Focus on green energy
• Focus on self reliance in manufacturing

Impetus to • Shift of Global Supply chain owing to Covid-19 lead disruption and geo-politics Portfolio overweight on
Manufacturing • PLI and measures like tax incentives, increase in import duties, etc. Pharma, Defence
and China + 1 • 68% Of Capital Procurement Budget For Defence to go to domestic Industry

Focus on Infra, • Aim to develop infrastructure under National Infrastructure Pipeline (NIP) Portfolio overweight on
Capex and • Gati Shakti Master Plan” to integrate projects under NIP Banks, Construction linked
Housing • Budget spending towards capex scaled up stocks
• 50 year, interest free loan of Rs 1 lakh crore to States to enable capital
expenditure, under PM Gati Shakti Master Plan

Consumption • Improvement in employment , new hiring, digitization and improving Portfolio overweight on
Ecommerce acceptability bode well for consumption Pharma, Defence
• Raw Material cost pressures could reduce margins.
• Digitization could disrupt traditional business models.

Refer slide 17 for disclaimers 5

 Focused yet diversified !

Diversification is one of the cornerstones of investing; however portfolio risk is not linearly linked to number of stocks
HDFC Focused 30 Fund seeks to manage volatility by diversifying across sectors and market cap segments
Fund takes a long term view and uses near term volatility to reinforce conviction ideas

Market
Capitalization • Flexibility to identify opportunities across market capitalization.

• Different sectors can be impacted differently by macro-economic factors

Sector
• Sector agnostic approach to stock picking provides diversification.

• Disciplined approach to investing

Investing
• Focus on good quality companies
Style
• Emphasis on reasonable valuations

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.
Please refer Scheme Information Document for further details. Please refer the website www.hdfcfund.com for complete portfolio details.

Refer slide 17 for disclaimers 6

 Emphasis on valuation in stock selection
NIFTY Pharma Index NIFTY Bank Index
35 3.50 1 Year Forward P/B LTA +1SD -1SD
1 Year Forward P/E LTA +1SD -1SD
3.00
30
2.50
25
2.00
20
1.50
15 1.00

10 0.50

5 -

BSE FMCG Index Valuations are critical determinants of stock

40
1 Year Forward P/E LTA +1SD -1SD
selection
35 Emphasis on buying fundamentally good
30 companies at reasonable price
25
Reasonable margin of safety important for
20 wealth creation
15
Positioning : HDFC Focused 30 Fund is
10
overweight Pharma and Banks while being
underweight FMCG

Source: Bloomberg, Data from Jan’09 to Sep’22 considered, LTA – Long Term Average, SD – Standard Deviation, 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. Please refer Scheme Information Document for further details. Please
refer the website www.hdfcfund.com for complete portfolio details.
Refer slide 17 for disclaimers 7
 Sectoral Allocation :
Outcome of our investment philosophy
Primarily a function of stock selection
Benchmark aware with respect to sectoral weights, with tolerance for higher deviation

Overweight/(Underweight)

Health Care
Industrials
Financials
Real Estate
Utilities
Communication Services
Information Technology
Consumer Discretionary
Energy
Consumer Staples
Materials

-15 -10 -5 0 5 10

As of Sep 30, 2022. Source: MFI Explorer. For complete portfolio details refer www.hdfcfund.com.

Refer slide 17 for disclaimers 8

 Flexible approach to market
cap allocation
The Scheme can invest across market cap segments, without a market cap bias
Market cap allocation is determined by relative attractiveness of opportunities in each Market Cap segment.

Relative Valuation : Mid Cap vs Large Cap Relative Valuation : Small Cap vs Large Cap
55 30
Premium / Discount ( Mid Cap vs Large Cap)
20 Premium / Discount ( Small Cap vs Large Cap)

Discount (-ve)/ Premium (+ve) %

45 Premium / Discount ( Average)
Premium / Discount ( Average)
Discount (-ve)/ Premium (+ve) %

35 10

25 0
22.6
15
(10) (10.3)
(16.8)
5.8 (20)
5
(30)
(5)
(40)
(15)
(50)

Sep-20

Sep-22
(25)

Sep-14

Sep-16

Sep-19
Sep-18
Sep-13

Sep-15
Sep-12

Sep-21
Sep-17
Sep-20

Sep-22
Sep-14

Sep-16

Sep-19
Sep-18
Sep-13

Sep-15
Sep-12

Sep-21
Sep-17

90
77
At present, the scheme has a large cap bias
80
owing to relatively better valuation multiples
% of Total Assets

70
60 for Large Caps vis-à-vis Mid and Small Caps
50
40
30
20
7 6
10
0
Large Cap Mid Cap Small Cap

Source: Bloomberg, MFI Explorer. As of Sep 30, 2022

Premium/Discount refers to premium/discount of 1 year forward P/E of Mid Caps/ Small Caps vs Large Caps. Proxies used : For Large Cap – NIFTY 100, Mid Caps – NIFTY MidCap 100
Index, Small Caps –S&P BSE SmallCap 250 Index. LTA – Long Term Average. Data from 31st May 2012 to 31st May 2022 considered.

Refer slide 17 for disclaimers 9

 Portfolio Characteristics

Top 10 Holdings Key Portfolio Statistics

Company Name % to NAV Number of Stocks 28

ICICI Bank Ltd. 10.2 Top 5 equity and equity related holdings (%)* 30.6%

HDFC Bank Ltd. 9.1 Top 10 equity and equity related holdings (%)* 49.3%

State Bank of India 6.0 Total Equity & Equity Related Holdings(%)* 90.1%

Bharti Airtel Ltd. 5.6 Cash, Cash Equivalents and Net Current Assets (%)* 9.9%

Hindustan Aeronautics Limited 5.2 AUM (Rs. In crore) 2,329

Mahindra & Mahindra Ltd. 5.0 Portfolio Turnover Ratio ^ 47.44%

Infosys Limited 4.7 Portfolio Beta ^ 0.986

NTPC Limited 4.2 Standard Deviation (%) ^ 6.819%

HCL Technologies Ltd. 4.1

SBI Life Insurance Company Ltd. 3.8

As of 30th September 2022.

* As a % of net assets
^ Computed for the 3-yr period ended September 30, 2022. Based on month-end NAV.
For complete portfolio details refer www.hdfcfund.com.

Refer slide 17 for disclaimers 10

 Investment Philosophy of HDFC AMC

Focus on medium to long-term play to minimise inherent risks in the operating

environment borne out of volatility in businesses and economies across the world.

Investment philosophy for equity oriented investments based on the conviction

that stock prices reflect their intrinsic values over time.

We are medium to long-term investors and our investments are driven by

fundamental research with a medium to long-term view.

We believe that long-term fundamentals and effective diversification are key and
stock selection is critical in a constantly changing environment

Our Core list consists more than 400 stocks which are actively tracked with a
coverage of over 85% of India’s Market Capitalization

Refer slide 17 for disclaimers 11

 Product Features
Type of Scheme An open ended equity scheme investing in maximum 30 stocks in Large-Cap, Mid-Cap and Small-Cap category.( i.e. Multi-Cap)

Inception Date September 17, 2004

Investment Objective To generate long term capital appreciation/income by investing in equity & equity related instruments
of up to 30 companies. There is no assurance that the investment objective of the Scheme will be realized.

Investment Plans • Direct Plan

• Regular Plan

Under Each Plan: Growth & Income Distribution cum Capital Withdrawal (IDCW) option. The IDCW Option offers following sub-options - Payout of Income Distribution
Investment Options
cum Capital Withdrawal (IDCW) option and Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) option.

Minimum Application
Purchase: Rs 100 and any amount thereafter
Amount (Under each
Plan/Option) Additional Purchase: Rs 100 and any amount thereafter

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
Load Structure
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.
No Entry / Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.
In respect of Systematic Transactions such as SIP, GSIP, STP, Flex STP, Swing STP, Flex index, Exit Load, if any, prevailing on the date of registration / enrolment shall
be levied. For further details on load structure, please refer to the Scheme Information Document/Key information memorandum of the Scheme.

Fund Manager $ Ms. Roshi Jain

Benchmark NIFTY 500 Total Returns Index (TRI )

$ Dedicated Fund Manager for Overseas Investments: Mr. Priya Ranjan

For further details, please refer to the Scheme Information Document/Key Information Memorandum available on our website www.hdfcfund.com.

Refer slide 17 for disclaimers 12

 Asset Allocation Pattern

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

Allocation (% of Total Assets)

Types of Instruments Risk Profile
Min. Max.

Equity and equity related instruments* 65 100 High

Debt Securities (including securitized debt) 0 35 Low to Medium

and Money Market Instruments

Units issued by REITs and InvITs 0 10 Medium to High

Non convertible preference shares 0 10 Low to Medium

* Subject to overall limit of 30 stocks

The Scheme may invest in the schemes of Mutual Funds in accordance with the applicable extant SEBI (Mutual Funds) Regulations as amended from time to time. The Scheme may invest
upto a maximum 35% of the total assets in Foreign Securities and upto 100% of its total assets in Derivatives. The Scheme may undertake (i) repo / reverse repo transactions in Corporate
Debt Securities; (ii) Credit Default Swaps; and (iii) Short Selling and such other transactions in accordance with guidelines issued by SEBI from time to time.

Refer slide 17 for disclaimers 13

 Scheme Performance Summary

  Value of Rs 10,000 invested

Additional Additional
Scheme Benchmark Scheme Benchmark
 Period Benchmark Benchmark
Returns (%) Returns (%) # (Rs) (Rs)#
Returns (%) ## (Rs)##

Last 1 year 17.86 -0.22 -1.64 11,786 9,978 9,836

Last 3 years 18.33 17.95 15.39 16,575 16,417 15,370

Last 5 years 10.70 12.79 14.22 16,636 18,270 19,456

Since inception* 15.09 15.13 15.37 1,26,239 1,27,162 1,31,998

The above scheme is being managed by Ms. Roshi Jain from January 13, 2022.
The performance of the Scheme is benchmarked to the Total Return Index (TRI) Variant of the Indices.
Past performance may or may not be sustained in the future. The above returns are of Regular Plan - Growth Option. Returns greater than 1 year period are compounded annualized (CAGR).
Load is not taken into consideration for computation of performance. #NIFTY 500 TRI. ## S&P BSE SENSEX (TRI). 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. Returns as on September 30, 2022.
*Inception date September 17, 2004.

Refer slide 17 for disclaimers 14

 Other schemes managed by the
Fund manager

Cumulative Performance
Managing
Scheme
scheme since 3 years 5 years
1 year CAGR (in %) CAGR (in %)

Ms Roshi Jain manages 1 other scheme

HDFC TaxSaver Jan 13, 2022 7.06 15.95 9.48

NIFTY 500 #
-0.22 17.95 12.79
(Total Returns Index)

HDFC Flexi Cap Fund Jul 29, 2022 8.57 18.36 13.02

NIFTY 500 #
-0.22 17.95 12.79
(Total Returns Index)

Past performance may or may not be sustained in the future. The above returns are of Regular Plan – Growth Option. Returns greater than 1 year period are compounded annualized (CAGR).
Load is not taken into consideration for computation of performance. Returns as on September 30, 2022. # Benchmark
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.

Refer slide 17 for disclaimers 15

 Benchmark and Scheme Riskometers

RISKOMETER OF NAME OF BENCHMARK

NAME OF SCHEME
THE SCHEME AND RISKOMETER

HDFC TaxSaver NIFTY 500 (Total Returns Index)

(An open ended equity linked savings
scheme with a statutory lock in Moderate M
rate te oderate
of 3 years and tax benefit) Mode H igh
ly
Modera
Hig
ly
to te Hi to te h Hi
w era w era

Mo Lo

Mo Lo
gh

gh
d

d
HDFC Focused 30 Fund
(An open ended equity scheme investing

Very

Very
Low

Low
High

High
in maximum 30 stocks in large-cap, mid-cap
and small-cap category (i.e. Multi-Cap)] RISKOMETER RISKOMETER
Investors understand that their principal will be at Investors understand that their principal will be at
very high risk very high risk
HDFC Flexi Cap Fund
(An open ended dynamic equity scheme
investing across large cap, mid cap,
small cap stocks)

Benchmark and Scheme Riskometer as on September 30, 2022

Refer slide 17 for disclaimers 16

Disclaimer

The presentation dated 02 November 2022 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 given is for general purposes only. Past performance
may or may not be sustained in future. The current investment strategies are subject to change depending on market conditions. The
statements are given in summary form and do not purport to be complete. The views / information provided do not have regard to
specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. 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 may include statements of future expectations and other forward-looking statements that 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. Stocks/Sectors referred in the presentation are illustrative
and should not be construed as an investment advice or a research report or a recommended by HDFC Mutual Fund / AMC. The Fund
may or may not have any present or future positions in these sectors. HDFC Mutual Fund/AMC is not guaranteeing any returns on
investments made in the Scheme(s). The data/statistics are given to explain general market trends in the securities market, it should not
be construed as any research report/research recommendation. 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. For complete portfolio/details refer to our website www.hdfcfund.com

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

17
Thank You

Refer slide 17 for disclaimers 18