HDFC Mutual Fund HDFC Equity

Nature of Scheme	Open Ended Equity Growth Scheme
Inception Date.	01 January, 1995
Entry Load. (any amount)	•In respect of each purchase / switch-in of Units less than Rs. 5 crore in value, an Entry Load of 2.25% is payable. • In respect of each purchase / switch-in of Units equal to or great than Rs. 5 crore in value, no Entry Load is payable.
Exit Load. (any amount)	NIL
Minimum Application Amount.	Rs.5000 and in multiples of Rs.100 thereof to open an account / folio. Additional purchases is Rs. 1000 and in multiples of Rs. 100 thereof.
Systematic Investment Plan	Minimum Amount Rs. 500 per month for 12months,Rs. 1000 per month for 6 months
Systematic Withdrawal Plan	NA
Net Asset Value Periodicity.	Every Day.
Option/Plan	Dividend Plan, Growth Plan
Net Asset	Rs.2,814.30 Cr.(June 30, 2006)
Benchmark	S&P CNX 500

Stated Asset Allocation

Equities and Equity Related Instruments	80% - 100%
Debt & Money Market Instruments	0% - 20%

The Scheme may also invest upto 25% of net assets of the Scheme in derivatives such as Futures & Options and such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and other uses as may be permitted under the Regulations.

The Scheme may also invest a part of its corpus, not exceeding 40% of its net assets, in overseas markets in Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time. Also refer to the Section on Policy on off-shore Investments by the Scheme(s).

Subject to the Regulations and the applicable guidelines, the Scheme may, engage in Stock Lending activities. Also refer to Section on Stock Lending by the Fund.

If the investment in equities and related instruments falls below 70% of the portfolio of the Scheme at any point in time, it would be endeavoured to review and rebalance the composition.