January 2021

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“The best way to own common stocks is through an index fund.”

Warren Buffet, Chairman of Berkshire Hathaway

HDFC Index Funds – NIFTY 50 Plan & Sensex Plan

What does Index Fund mean ?

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An Index Fund is a mutual fund scheme that endeavors to track/replicate the constituents of its target benchmark index (such as S&P BSE SENSEX, NIFTY 50).

An Index Fund aims to maintain a portfolio of investments that is weighted the same as its benchmark index in order to mirror its performance.

Index Funds are passively managed funds :

There is no active selection of stocks by the Fund Manager

The portfolio is rebalanced periodically only when companies enter/exit the index

The expense ratio of index funds are generally lower than than actively managed equity funds

Index funds in India, generally track the two major broad based indices i.e NIFTY 50 & S&P BSE Sensex Indices

Benefits of Investing in Index Funds

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Index Funds are an easy and convenient way to invest in an index

Exact Exposure to the markets as per the underlying benchmark index, subject to tracking error

Index funds aims to minimize unsystematic risk(risk pertaining to companies, sectors etc) in the investor’s portfolio

Diversification – Generally tracks broad based indices thus reducing the impact of decline in value of any one stock or industry, sector

Low Costs – Since index funds are passively managed, cost are kept relatively low

Transparency – As indices are pre-defined, investors know the securities and proportion in which their money will be invested

Presenting

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HDFC Index Funds

HDFC Index Fund - NIFTY 50 PlanAn open ended scheme replicating/tracking NIFTY 50 Index

HDFC Index Fund – Sensex PlanAn open ended scheme replicating/tracking S&P BSE SENSEX Index

Name of Scheme This product is suitable for investors who are seeking* Riskometer

HDFC Index Fund - NIFTY 50 Plan• Returns that are commensurate with the performance of the NIFTY 50,

subject to tracking errors over long term • Investment in equity securities covered by the NIFTY 50

Investors understand that their principal will be at moderately high risk

HDFC Index Fund - SENSEX Plan• Returns that are commensurate with the performance of the S&P BSE

SENSEX, subject to tracking errors over long term• Investment in equity securities covered by the S&P BSE SENSEX

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

HDFC Index Fund – NIFTY 50 plan

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Investment Objective :

The investment objective of the Scheme is to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be realized.

Product Features

The scheme has NIFTY 50 Total Return Index as the underlying Benchmark Index

The scheme invests 95% to 100% of its total assets in constituents of NIFTY50 Index in the same proportion as their weights in the index.

The fund has low expense ratio as compared to other actively managed equity funds

Ideal for those investors who would like to participate in the India growth story by investing in well-diversified portfolio of well known large cap companies comprising the index

About the Benchmark index : NIFTY 50 Index

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The NIFTY 50 index is a well-diversified 50 companies index accounting for 13 broad sectors of the economy, reflecting overall market conditions. NIFTY 50 Index is computed using free float market capitalization method.

The NIFTY 50 Index represents about 66.8% of the free float market capitalization of the stocks listed on NSE as on March 29, 2019.

The total traded value of NIFTY 50 index constituents for the last six months ending March 2019 is approximately 53.4% of the traded value of all stocks on the NSE.

Impact cost^ of the NIFTY 50 for a portfolio size of Rs.50 lakhs is 0.02% for the month March 2019.

Eligibility Criteria for Selection of Constituent Stocks:

i. For a stock to qualify for possible inclusion into the NIFTY50, have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.

ii. The company should have a listing history of 6 months.

iii. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.

iv. A company which comes out with an IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.

Index Re-Balancing: Index is re-balanced on semi-annual basis.

^Impact cost represents the cost of executing a transaction in a given stock, for a specific predefined order size, at any given point of time.Source : www.nseindia.com

Why to Invest in NIFTY 50 Index

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NIFTY 50 Index is one of the best market representatives of Indian Markets: Largest traded index in India and among the top 5 traded indices in the world

Diversification: Buying a single unit currently offers diversification of 50 stocks across 13 broad sectors

Transparency: NIFTY 50 Index constituents are made available in public domain on a daily basis by NSE

Hedging option available: The Index has a derivative listed on NSE called “NIFTY” which can be utilized to hedge the investment during extreme volatility

Index track Record: Base date Nov 1995, the index has a track record of over 24 years, NIFTY 50 index consist of the 50 most liquid stocks traded on the National Stock Exchange

Product Features – NIFTY 50 Plan

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Type of Scheme An open ended scheme replicating/tracking NIFTY 50 Index

Inception Date July 17, 2002

Fund Manager Mr. Krishan Kumar Daga (Since October 19, 2015) and Arun Agrawal (Since August 24, 2020)

Investment Plans Regular Plan & Direct Plan

Investment Options Each Plan offers Growth option only

Minimum Application Amount(Under Each Plan/Option)

Purchase: Rs. 5,000 and any amount thereafterAdditional Purchase: Rs. 1,000 and any amount thereafter

Total Expense Ratio (As on Dec 31, 2020)

Regular: 0.30%Direct: 0.10%

Tracking Error(As on Dec 31, 2020)

0.31% (Annualised tracking error is calculated based on daily rolling returns for the last 12 months)

Exit Load

• In respect of each purchase / switch-in of units, an exit load of 0.25% is payable if units are redeemed / switched – out within 3 days from the date of allotment

• No exit load is payable if units are redeemed / switched – out after 3 days from the date of allotment• In respect of systematic transactions such as SIP , STP etc exit load prevailing on the date of registration/enrolment shall be levied.

No Entry/ Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.

For further details on load structure, please refer to the Scheme Information Document.

Benchmark NIFTY 50 Total Return Index

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

Top 10 Stocks & Sectors – NIFTY50 Plan

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$ SponsorFor complete portfolio details refer www.hdfcfund.com. The portfolio composition as on December 31, 2020 . Industry Classification as recommended by AMFI, Data is as of Dec 31, 2020 unless otherwise specified.

Name Of the Instrument Industry % to NAV

Reliance Industries Ltd. PETROLEUM PRODUCTS 10.63

HDFC Bank Ltd. Banks 10.35

Infosys Ltd. Software 7.70

HDFC Ltd. $ Finance 7.61

ICICI Bank Ltd. Banks 6.11

Tata Consultancy Services Ltd. Software 4.98

Kotak Mahindra Bank Ltd. Banks 4.84

Hindustan Unilever Ltd. Consumer Non Durables 3.54

ITC Ltd. Consumer Non Durables 3.02

Larsen & Toubro Ltd. Construction Project 2.57

HDFC Index Fund – Sensex plan

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Investment Objective :

The investment objective of the Scheme is to generate returns that are commensurate with the performance of the S&P BSE SENSEX Index, subject to tracking errors There is no assurance that the investment objective of the Scheme will be realized.

Product Rationale

The scheme has S&P BSE Sensex Total Return Index as the underlying Benchmark Index

The scheme invest 95% to 100% of its total assets in constituents of S&P BSE Sensex Index in the same proportion as their weights in the index.

The fund has low expense ratio as compared to other actively managed equity funds

Ideal for those investors who would like to participate in the India growth story by investing in well-diversified portfolio of well known large cap companies comprising S&P BSE Index

About the Benchmark index : S&P BSE Sensex Index

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The S&P BSE Sensex index is designed to measure the performance of the 30 largest, most liquid and financially sound companies across key sectors of the Indian economy that are listed at BSE

The Index represents the large-cap companies and is calculated on a float-adjusted market-cap-weighted methodology.

The S&P BSE Sensex index has a long history of more than 34 years and cover more than 40% of total market cap of the listed universe at BSE Ltd.

The index generally attempts to maintain index sector weights that are broadly line with the overall market

Eligibility Criteria for Selection of Constituent Stocks:

Eligible Universe. The index is derived from the constituents of the S&P BSE 100. The inclusion of DVRs in the index will result in more than 30 stocks in the index. However, the number of companies in the index remains fixed at 30. Stocks in the eligible universe must satisfy the following eligibility factors in order to be considered for index inclusion:

i. Listing History. Stocks must have a listing history of at least six months at BSE.

ii. Trading Days. The stock must have traded on every trading day at BSE during the six month reference period.

iii. Multiple Share Classes. DVRs satisfying the above eligibility criteria are aggregated with the company’s common stock and index construction is done based on the aggregated company data as detailed below.

Index Re-Balancing: Index is re-balanced on semi-annual basis.

Source : www.bseindia.com

Why to Invest in S&P BSE Sensex Index

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Index History: Launched in January 1986, the S&P BSE SENSEX is the oldest and one of the most prominent broad based benchmark in India

Diversification: Buying a single unit currently offers diversification of 30 stocks across broad sectors

Transparency: S&P BSE Sensex Index constituents are made available in public domain on a daily basis by BSE

Hedging option available: The Index has a derivative listed on NSE called “S&P BSE SENSEX® Futures” which can be utilized to

hedge the investment during extreme volatility

Product Features – Sensex Plan

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Type of Scheme An open-ended scheme replicating/ tracking S&P BSE SENSEX Index

Inception Date July 17, 2002

Fund Manager $ Mr. Krishan Kumar Daga (Since October 19, 2015) and Arun Agrawal (Since August 24, 2020)

Investment Plans Regular Plan & Direct Plan

Investment Options Each Plan offers Growth option only

Minimum Application Amount(Under Each Plan/Option)

Purchase: Rs. 5,000 and any amount thereafterAdditional Purchase: Rs. 1,000 and any amount thereafter

Total Expense Ratio (As on Dec 31, 2020)

Regular: 0.30%Direct: 0.10%

Tracking Error(As on Dec 31, 2020)

0.19% (Annualised tracking error is calculated based on daily rolling returns for the last 12 months)

Exit Load

• In respect of each purchase / switch-in of units, an exit load of 0.25% is payable if units are redeemed / switched – out within 3 days from the date of allotment

• No exit load is payable if units are redeemed / switched – out after 3 days from the date of allotment• In respect of systematic transactions such as SIP , STP etc exit load prevailing on the date of registration/enrolment shall be levied.

No Entry/ Exit Load shall be levied on bonus units and units allotted on dividend reinvestment.

For further details on load structure, please refer to the Scheme Information Document.

Benchmark S&P BSE SENSEX TR Index

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

Top 10 Stocks & Sectors – Sensex Plan

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$ SponsorFor complete portfolio details refer www.hdfcfund.com. The portfolio composition as on December 31, 2020 . Industry Classification as recommended by AMFI, Data is as of Dec 31, 2020 unless otherwise specified

Name Of the Instrument Industry % to NAV

Reliance Industries Ltd. PETROLEUM PRODUCTS 12.31

HDFC Bank Ltd. Banks 11.22

HDFC Ltd. $ Finance 8.83

Infosys Ltd. Software 8.83

ICICI Bank Ltd. Banks 7.08

Tata Consultancy Services Ltd. Software 5.79

Kotak Mahindra Bank Ltd. Banks 5.00

Hindustan Unilever Ltd. Consumer Non Durables 4.10

ITC Ltd. Consumer Non Durables 3.50

Axis Bank Ltd. Banks 3.13

Why HDFC Index Funds – NIFTY50 & Sensex Plan

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Opportunity to invest in a diversified portfolio of most liquid and Large cap companies representing the broad economy

Minimize unsystematic risk(risk pertaining to companies, sectors etc) of an investor’s portfolio to a certain extent

Less expensive as compared to actively managed funds – Lower transaction costs and expense ratio

One of the most experienced fund management and research teams in the country with a track record of managing equity assets across market cycles

One of the established index funds in category with a track record of over 16 years.

Strong emphasis on timely and efficient replication of the benchmark index , so as to minimize the tracking error

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.

Scheme Performance Summary :

HDFC Index Fund – NIFTY50 Plan

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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). Since inception returns are calculated on Rs. 10.3260 (allotment price). Load is not taken into consideration for computation of performance. # Benchmark Index: NIFTY 50 (Total Returns Index), ## Additional Benchmark Index : S&P BSE Sensex (Total Returns Index). 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 Dec 31, 2020. The Scheme is managed by Krishan Kumar Daga since Oct 19, 2015. Returns greater than 1 year period are compounded annualized (CAGR).

Value of Rs 10,000 invested

Scheme Returns (%)

Benchmark Returns (%) #

Additional Benchmark

Returns (%) ##Scheme

Benchmark(Rs)#

Additional Benchmark

(Rs)##

Last 1 year 15.08 16.09 17.11 11,512 11,614 11,716

Last 3 years 10.67 11.28 13.22 13,566 13,790 14,530

Last 5 years 12.75 13.39 14.25 18,233 18,754 19,479

Since inception (July 17, 2002)

14.60 16.77 17.49 123,908 175,145 196,377

SIP: Performance as on December 31, 2020

HDFC Index Fund – NIFTY50 Plan

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Past performance may or may not be sustained in the future. Returns are XIRR. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for RegularPlan - Growth Option. Load is not taken into consideration for computation of performance. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan underthe Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. The Scheme is managed by Krishan Kumar Daga since Oct 19, 2015. The above investment simulation isfor illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. # Benchmark Index: NIFTY 50 (Total Returns Index), ## Additional Benchmark Index : S&P BSESensex (Total Returns Index). $ Scheme Inception Date : October 19, 2015. Returns greater than 1 year period are compounded annualized (CAGR).

HDFC Index Fund – NIFTY50 Plan – Assuming Investment of `10,000 invested systematically on the first Business Day of every Month over a period of time.

Particulars 1 year 3 Years 5 Years 10 Years 15 Years Since Inception$

Total Amount Invested (` ) 120,000 360,000 600,000 1,200,000 1,800,000 2,220,000

Mkt Value As on Dec 31, 2020 (`) 155,844 462,105 857,272 2,276,731 4,292,537 7,941,384

Returns (Annualised) (%) 59.63% 16.89% 14.24% 12.30% 10.78% 12.40%

Benchmark Returns (Annualised) (%) # 60.67% 17.61% 14.89% 12.91% 11.92% 14.23%

Addl. Benchmark Ret. (Annualised) (%) ## 61.89% 19.07% 16.27% N.A. 12.36% 14.87%

Scheme Performance Summary :

HDFC Index Fund – Sensex Plan

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Value of Rs 10,000 invested

Scheme Returns (%)

Benchmark Returns (%) #

Additional Benchmark

Returns (%) ##Scheme

Benchmark(Rs)#

Additional Benchmark

(Rs)##

Last 1 year 16.15 17.11 16.09 11,620 11,716 11,614

Last 3 years 12.56 13.22 11.28 14,273 14,530 13,790

Last 5 years 13.69 14.25 13.39 19,009 19,479 18,754

Since inception (July 17, 2002)

15.02 17.49 16.77 132,527 196,377 175,145

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). Since inception returns are calculated on ̀ 32.1610 (allotment price). Load is not taken into consideration for computation of performance. # Benchmark Index S&P BSE Sensex (Total Returns Index), ## Additional Benchmark Index : NIFTY50 (Total Returns Index). 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 Dec 31, 2020. The Scheme is managed by Krishan Kumar Daga since Oct 19, 2015. Returns greater than 1 year period are compounded annualized (CAGR).

SIP: Performance as on December 31, 2020

HDFC Index Fund – Sensex Plan

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Past performance may or may not be sustained in the future. Returns are XIRR. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for RegularPlan - Growth Option. Load is not taken into consideration for computation of performance. Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan underthe Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. The Scheme is managed by Krishan Kumar Daga since Oct 19, 2015. The above investment simulation isfor illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. # Benchmark Index S&P BSE Sensex (Total Returns Index), ## Additional Benchmark Index :NIFTY50 (Total Returns Index). $ Scheme Inception Date : October 19, 2015. Returns greater than 1 year period are compounded annualized (CAGR).

HDFC Index Fund – Sensex Plan – Assuming Investment of `10,000 invested systematically on the first Business Day of every Month over a period of time.

Particulars 1 year 3 Years 5 Years 10 Years 15 Years Since Inception$

Total Amount Invested (` ) 120,000 360,000 600,000 1,200,000 1,800,000 2,220,000

Mkt Value As on December 31, 2020 (`) 156,548 471,666 887,005 2,358,843 4,453,091 8,391,714

Returns (Annualised) (%) 60.88% 18.34% 15.62% 12.96% 11.21% 12.90%

Benchmark Returns (Annualised) (%) # 61.89% 19.07% 16.27% 13.58% 12.36% 14.87%

Addl. Benchmark Ret. (Annualised) (%) ## 60.67% 17.61% 14.89% N.A. 11.92% 14.23%

Performance of Other Schemes managed by Krishan Kumar Daga & Arun Agarwal, Fund Manager of

HDFC Index Fund - NIFTY 50 Plan & Sensex Plan

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Scheme

Managing Scheme since

Performance

Last 1 year (%)Last 3 years Last 5 years

CAGR (in %) CAGR (in %)

Krishan Kumar Daga manages 7 other schemes & Arun Agarwal manages 5 other schemes which have completed more than 1 year

Performance of Top 3 schemes managed by Krishan Kumar Daga & Arun agarwal

HDFC Equity Savings Fund ( Arbitrage Assets) $ January 08, 16 8.77 5.12 9.08

40% Nifty 50 Arbitrage Index + 30% CRISIL Short Term Bond Fund Index + 30% Nifty 50 TRI 9.89 8.29 8.82

HDFC Sensex ETF $ Dec 09, 15 16.92 13.12 14.25

S&P BSE Sensex TRI 17.11 13.22 14.25

HDFC Arbitrage Fund – Wholesale $ September 10, 15 3.73 5.10 5.46

NIFTY 50 Arbitrage Index 2.36 4.46 4.85

Performance of Bottom 3 schemes managed by Krishan Kumar Daga

HDFC Gold Fund October 19, 15 27.44 18.21 13.34

Domestic Prices of Physical Gold 27.37 19.46 14.88

HDFC Gold Exchange Fund October 19,15 26.51 18.16 13.63

Domestic Prices of Physical Gold 27.37 19.46 14.88

HDFC Multi - Asset Fund ( Krishan Daga -Gold Assets) & ( Arun Agarwal – Arbitrage Assets) May 23, 18 20.81 9.01 9.56

90% NIFTY 50 Hybrid Composite Debt 65:35 Index + 10% Domestic Price of Gold 18.26 12.46 12.85

Performance of scheme co-managed by Arun Agarwal & Krishan Daga not forming of Top 3 & Bottom 3 Schemes

HDFC NIFTY ETF $ Dec 09, 2015 15.66 11.11 13.23

NIFTY 50 TRI 16.09 11.28 13.39

Past performance may or may not be sustained in the future. The above returns are of Regular plan - growth option. Load is not taken into consideration for computation of performance. On account of difference in the type of the Scheme, asset allocation, investment strategy, inception dates, the performance of these schemes is strictly not comparable. Top 3 and bottom 3 schemes managed by the Fund Manager have been derived on the basis of returns since inception vis-à-vis the benchmark. In case the benchmark is not available on the Scheme’s inception date, the returns for the concerned scheme is considered from the date the benchmark is available . Returns/ Data as on Dec 31, 2020. 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 greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideration for computation of above performance(s). $ Co-Managed with Krishan Kumar Daga since August 24, 2020

Disclaimer & Risk Factors

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This presentation, dated 25th January 2021, has been prepared by HDFC Asset Management Company Limited (HDFC AMC) based oninternal data, publicly available information and other sources believed to be reliable. Any calculations made are approximations, meant asguidelines 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 investmentobjectives, financial situation and the particular needs of any specific person who may receive this document. The information/ data hereinalone are not sufficient and should not be used for the development or implementation of an investment strategy. Past performance may ormay not be sustained in future. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any liability arisingfrom the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation andseek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information containedherein.

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