IDFC Floating Rate Fund_Scheme information document

SCHEME INFORMATION DOCUMENT
IDFC FLOATING RATE FUND
An Open-ended Debt Scheme predominantly investing in floating rate instruments
(including fixed rate instruments converted to floating rate exposures using swaps/derivatives)
This product is suitable for investors who are seeking*:
 To generate short-term optimal returns
 To invest predominantly in floating rate instruments
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Offer of Units at Rs.10 each during the New Fund Offer and Continuous offer for Units at
NAV based prices.
Face value of units of the Scheme is Rs. 10 per unit
New Fund Offer Opens on: February 10, 2021
New Fund Offer Closes on: February 16, 2021
The Scheme will re-open for ongoing subscription and redemption within five business
days from the date of allotment of units
Name of the Mutual Fund : IDFC Mutual Fund
Name of the Asset Management
Company
: IDFC Asset Management Company Limited
Name of the Trustee Company : IDFC AMC Trustee Company Limited
Address of the Entities : 6th
Floor, One World Centre, Jupiter Mills
Commpound, 841, Senapati Bapat Marg, Mumbai –
400013
Website : www.idfcmf.com
The particulars of the Scheme have been prepared in accordance with the Securities and
Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI
(MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence
Certificate from the AMC. The units being offered for public subscription have not been
approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the
Scheme Information Document.
The Scheme Information Document sets forth concisely the information about the scheme that
a prospective investor ought to know before investing. Before investing, investors should also
ascertain about any further changes to this Scheme Information Document after the date of this
Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for

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details of IDFC Mutual Fund, Tax and Legal issues and general information on
www.idfcmf.com
SAI is incorporated by reference (is legally a part of the Scheme Information Document).
For a free copy of the current SAI, please contact your nearest Investor Service Centre or
log on to our website.
The Scheme Information Document should be read in conjunction with the SAI and not
in isolation.
This Scheme Information Document is dated January 22, 2021.

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TABLE OF CONTENTS
HIGHLIGHTS/SUMMARY OF THE SCHEME ...........................................................................4
I. INTRODUCTION ..........................................................................................................................7
A. RISK FACTORS ..........................................................................................................................7
B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME .......................................15
C. SPECIAL CONSIDERATIONS, if any .....................................................................................15
D. DEFINITIONS AND ABBREVIATIONS.................................................................................17
E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY.......................................20
II. INFORMATION ABOUT THE SCHEME ............................................................................21
A. TYPE OF THE SCHEME ..........................................................................................................21
B. INVESTMENT OBJECTIVE OF THE SCHEME ....................................................................21
C. ASSET ALLOCATION .............................................................................................................21
D. WHERE WILL THE SCHEME INVEST? ................................................................................25
E. INVESTMENT STRATEGY.....................................................................................................27
F. FUNDAMENTAL ATTRIBUTES ............................................................................................37
G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ....................................37
H. WHO MANAGES THE SCHEME? ..........................................................................................37
I. WHAT ARE THE INVESTMENT RESTRICTIONS? .............................................................39
J. HOW HAS THE SCHEME PERFORMED? .............................................................................44
K. SCHEMES PORTFOLIOS HOLDINGS ...................................................................................44
L. INVESTMENT BY KEY PERSONNELS.................................................................................44
M. COMPARISON WITH OTHER SCHEMES OF IDFC MUTUAL FUND:..............................44
III. UNITS AND OFFER.................................................................................................................46
A. NEW FUND OFFER DETAILS ................................................................................................46
B. ONGOING OFFER DETAILS...................................................................................................73
C. PERIODIC DISCLOSURES......................................................................................................81
D. COMPUTATION OF NAV .......................................................................................................89
IV. FEES AND EXPENSES ............................................................................................................90
A. NEW FUND OFFER (NFO) EXPENSES ...................................................................................90
B. ANNUAL SCHEME RECURRING EXPENSES .......................................................................90
C. LOAD STRUCTURE...................................................................................................................93
V. RIGHTS OF UNITHOLDERS ..................................................................................................94
VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF
INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN
OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY....94

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HIGHLIGHTS/SUMMARY OF THE SCHEME
Name of the
Scheme
IDFC Floating Rate Fund
Type of the
Scheme
An Open-ended Debt Scheme predominantly investing in floating rate
instruments (including fixed rate instruments converted to floating rate
exposures using swaps/derivatives)
Investment
Objective
The Fund seeks to generate returns by creating a portfolio that is primarily
invested in floating rate instruments, including fixed rate instruments swapped
for floating returns and other debt and money market instruments.
Disclaimer: There is no assurance or guarantee that the objectives of the
scheme will be realised.
Plans /
Options
The Scheme offers Regular Plan & Direct Plan.
Both the Plans will have separate NAV and a common portfolio. The Investors
should note that NAV of the Dividend Option and the Growth Option will be
different after the declaration of dividend under the Scheme.
Both the Plans under the Scheme offer Dividend Option & Growth Option.
Dividend Option under each Plan further offers choice of Daily Dividend
(Reinvestment), Weekly Dividend (Reinvestment), Monthly Dividend,
Quarterly Dividend, Annual Dividend & Periodic Dividend (each with
Reinvestment, Payout and Sweep facility).
Please note that where the Unitholder has opted for Dividend Payout option
and in case the amount of dividend payable to the Unitholder is Rs.100/- or
less under a Folio, the same will be compulsorily reinvested in the Scheme.
Default option: The investors must clearly indicate the Option/facility
(Growth or Dividend / Reinvestment or Payout or Sweep) in the relevant space
provided for in the Application Form. In case the investor does not select any
Option, the default option shall be considered as Growth Option. Within
dividend Option if the investor does not select any frequency / facility, then
default frequency / facility shall be Monthly Dividend / Reinvestment.
Investors subscribing under Direct Plan of a Scheme will have to indicate
“Direct Plan” in the application form e.g. “IDFC Floating Rate Fund - Direct
Plan”. Investors should also indicate “Direct” in the ARN column of the
application form.
Treatment of applications under "Direct" / "Regular" Plans:
Scenario Broker Code
mentioned by the
investor
Plan mentioned
by the investor
Default Plan to
be captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan

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In cases of wrong/ invalid/ incomplete ARN codes mentioned on the
application form, the application shall be processed under Regular Plan. The
AMC shall contact and obtain the correct ARN code within 30 calendar days
of the receipt of the application form from the investor/ distributor. In case, the
correct code is not received within 30 calendar days, the AMC shall reprocess
the transaction under Direct Plan from the date of application without any exit
load.
Minimum
Application
Amount
During New Fund Offer Period:
 Lumpsum (including switch-in): Rs. 5,000 and any amount
thereafter
 SIP: Rs.1,000/- and in multiples of Re.1 thereafter [minimum 6
installments]
During Ongoing Offer Period:
Lumpsum Purchase:
 Fresh Purchase (including switch-in) - Rs.5,000/- and any amount
thereafter
 Additional Purchase (including switch-in) - Rs.1,000/- and any amount
thereafter
 SIP: Rs.1,000/- and in multiples of Re.1 thereafter [minimum 6
installments]
Redemption: Rs.500/- or the account balance of the investor, whichever is
lower.
Systematic
Transfer Plan
(in)
Rs.1,000/- and any amount thereafter
Systematic
Withdrawal
Plan
Rs.200/- and in multiples of Re.1 thereafter
New Fund Offer (NFO) Details:
NFO Opens
on
February 10, 2021
NFO Closes
on
February 16, 2021
Scheme re-
opens for
ongoing sale
and
repurchase on
Within five business days of allotment. The Date of allotment will be within
five business days from the closure of the NFO.
Pricing
during NFO
During the NFO, the units will be offered at a price of Rs.10 per Unit.
Pricing for
ongoing
subscription
Ongoing subscriptions / purchases will be at Applicable NAV
Redemption
Price
Redemptions / repurchases will be done at the Applicable NAV.
Load
Structure
Entry Load: Nil
Exit Load: Nil
Minimum The Scheme seeks to collect Rs.20 crores as the minimum subscription and

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Subscription
to be collected
by the Fund
would retain any excess subscription collected. If the Scheme does not collect
the minimum subscription during the NFO, refund will be made within 5
Business Days from closure of the NFO.
Liquidity Upon reopening for ongoing sales, the Scheme is open for
repurchase/redemption on all Business Days. The redemption proceeds will be
despatched to the unitholders within the regulatory time limit of 10 business
days of the receipt of the valid redemption request at the Official Points of
Acceptance of Transactions (OPAT) of the Mutual Fund.
Benchmark NIFTY Low Duration Debt Index
Transparency
& NAV
disclosure
The face value of the Units is Rs.10 per unit.
NAV will be determined for each Business Day. NAV will be calculated upto
four decimal places. The first NAV shall be calculated and disclosed within 5
business days of allotment. The AMC shall update the NAVs on its website
(www.idfcmf.com) and of the Association of Mutual Funds in India - AMFI
(www.amfiindia.com) before 11.00 p.m. on every Business Day. In case the
NAV is not uploaded by 11.00 p.m. it shall be explained in writing to AMFI
for non adherence of time limit for uploading NAV on AMFI’s website. If the
NAVs are not available before the commencement of business hours on the
following day due to any reason, the Mutual Fund shall issue a press release
giving reasons and explaining when the Mutual Fund would be able to publish
the NAV. Investors may also place a specific request to the Mutual Fund for
sending latest available NAV through SMS.
The Mutual Fund shall within one month of the close of each half year i.e., 31st
March and 30th September, upload the soft copy of its unaudited financial
results containing the details specified in Regulation 59 on its website and shall
publish an advertisement disclosing uploading of such financial results on its
website, in one English newspaper having nationwide circulation and in one
regional newspaper circulating in the region where the head office of the
Mutual Fund is situated.
The Mutual Fund/AMC shall e-mail to all unitholders (if an e-mail address is
provided) the complete scheme portfolio as at the end of each month and each
half year (i.e., 31st March and 30th September) within ten days of end of the
month/half year. Further, pursuant to SEBI Circular dated July 22, 2020, the
AMC shall also disclose portfolios of debt schemes on fortnightly basis within
5 days of every fortnight. These shall also be displayed on the website of the
Mutual Fund and that of AMFI in a user-friendly and downloadable
spreadsheet format. Investors may also place a specific request to the Mutual
Fund for sending the half yearly portfolio through email. The Mutual Fund
shall publish an advertisement disclosing uploading of such half yearly scheme
portfolios on its website, in one English and one Hindi daily newspaper having
nationwide circulation. The Mutual Funds shall provide a physical copy of the
scheme portfolio, without charging any cost, on specific request received from
a unitholder.

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SECTION I: INTRODUCTION
A. RISK FACTORS
Standard Risk Factors:
 Mutual Funds and securities investments are subject to market risks and there is no assurance or
guarantee that the objectives of the Scheme/s will be achieved.
 As with any investment in securities, the NAV of the Units issued under the Scheme can go up or
down depending on the factors and forces affecting the capital markets.
 Past performance of the Mutual Funds managed by the Sponsors and its affiliates is not necessarily
indicative of the future performance of the Scheme.
 The Sponsor or any of its associates is not responsible or liable for any loss resulting from the
operation of the Scheme/s, and the Sponsor’s initial contribution towards setting up the Mutual
Fund is limited to Rs.30,000/-
 Investors in the scheme/s are not being offered any guaranteed or assured rate of returns.
 IDFC Floating Rate Fund is only the name of the Scheme and does not in any manner indicate
either the quality of the Scheme or its future prospects and returns.
 The liquidity of the Scheme’s investments is inherently restricted by trading volumes in the
securities in which it invests.
 Changes in Government policy in general and changes in tax benefits applicable to mutual funds
may impact the returns to Investors in the Scheme.
 Mutual Funds being vehicles of securities investments are subject to market and other risks and
there can be no guarantee against loss resulting from investing in the schemes. The various factors
which impact the value of scheme investments include but are not limited to fluctuations in the
equity and bond markets, fluctuations in interest rates, prevailing political and economic
environment, changes in government policy, factors specific to the issuer of securities, tax laws,
liquidity of the underlying instruments, settlements periods, trading volumes etc. and securities
investments are subject to market risks and there is no assurance or guarantee that the objectives
of the Scheme will be achieved.
 From time to time and subject to the Regulations, the Sponsors, the Mutual Funds and investment
companies managed by them, their affiliates, their associate companies, subsidiaries of the
Sponsors, and the AMC may invest either directly or indirectly in the Scheme. The funds managed
by these affiliates, associates, the Sponsors, subsidiaries of the Sponsors and /or the AMC may
acquire a substantial portion of the Scheme’s Units and collectively constitute a major investor in
the Scheme. Accordingly, redemption of Units held by such funds, affiliates/associates and
Sponsors might have an adverse impact on the Units of the Scheme because the timing of such
redemption may impact the ability of other Unitholders to redeem their Units. Further, as per the
Regulation, in case the AMC invests in any of the schemes managed by it, it shall not be entitled
to charge any fees on such investments.
 Different types of securities in which the scheme would invest as given in the Scheme Information
Document carry different levels and types of risk. Accordingly the scheme’s risk may increase or
decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk
than Government securities. Further even among corporate bonds, bonds which are AAA rated are
comparatively less risky than bonds which are AA rated.
Scheme Specific Risk Factors
1. The value of the Scheme’s investments, may be affected generally by factors affecting securities
markets, such as price and volume volatility in the capital markets, interest rates, currency
exchange rates, changes in policies of the Government, taxation laws or any other appropriate
authority policies and other political and economic developments which may have an adverse
bearing on individual securities, a specific sector or all sectors including equity and debt markets.
Consequently, the NAV of the Units of the Scheme may fluctuate and can go up or down.
2. Different segments of the Indian financial markets have different settlement periods and such
periods may be extended significantly by unforeseen circumstances. The inability of the Scheme
to make intended securities purchases due to settlement problems could cause the Scheme to miss

8
certain investment opportunities. By the same rationale, the inability to sell securities held in the
Scheme’s portfolio due to the absence of a well developed and liquid secondary market for debt
securities would result, at times, in potential losses to the Scheme, in case of a subsequent decline
in the value of securities held in the Scheme’s portfolio.
Risk related to fixed income securities
1. The NAV of the Scheme is likely to be affected by changes in the prevailing rates of interest.
2. Different types of securities in which the scheme would invest (bonds / money market instruments
etc.) as given in the Scheme Information Document carry different levels and types of risks.
Accordingly the scheme's risk may increase or decrease depending upon its investment pattern.
Corporate bonds carry a higher amount of risk than Government securities. Further even among
corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are
AA rated.
3. Money market securities, while fairly liquid, lack a well-developed secondary market, which may
restrict the selling ability of the Scheme(s) and may lead to the Scheme(s) incurring losses till the
security is finally sold.
4. As zero coupon securities do not provide periodic interest payments to the holder of the security,
these securities are more sensitive to changes in interest rates. Therefore, the interest rate risk of
zero coupon securities is higher. The AMC may choose to invest in zero coupon securities that
offer attractive yields. This may increase the risk of the portfolio. Zero coupon or deep discount
bonds are debt obligations that do not entitle the holder to any periodic payment of interest prior
to maturity or a specified date when the securities begin paying current interest and therefore, are
generally issued and traded at a discount to their face values. The discount depends on the time
remaining until maturity or the date when securities begin paying current interest. It also varies
depending on the prevailing interest rates, liquidity of the security and the perceived credit risk of
the Issuer. The market prices of zero coupon securities are generally more volatile than the market
prices of securities that pay interest periodically.
5. Apart from normal credit risk, zero coupon bonds carry an additional risk, unlike bonds that pay
interest throughout the period to maturity, zero coupon instruments/deferred interest bonds
typically would not realise any cash until maturity. If the issuer defaults, the Scheme may not
obtain any return on its investment.
6. The AMC may, considering the overall level of risk of the portfolio, invest in lower rated/ unrated
securities offering higher yields. This may increase the risk of the portfolio.
7. Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money
market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of
existing fixed income securities fall and when interest rates drop, such prices increase. The extent
of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or
decrease in the level of interest rates.
8. Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest
rates prevailing on the interest or maturity due dates may differ from the original coupon of the
bond. Consequently, the proceeds may get invested at a lower rate.
9. Credit Risk: In simple terms this risk means that the issuer of a debenture/bond or a money market
instrument may default on interest payment or even in paying back the principal amount on
maturity. Even where no default occurs, the price of a security may go down because the credit
rating of an issuer goes down.
10. Basis Risk (Interest - rate movement): During the life of a floating rate security or a swap, the
underlying benchmark index may become less active and may not capture the actual movement in
interest rates or at times the benchmark may cease to exist. These types of events may result in loss
of value in the portfolio.
11. Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up
over the benchmark rate. However, depending upon the market conditions, the spreads may move
adversely or favourably leading to fluctuation in the NAV.
12. Liquidity Risk: Due to the evolving nature of the floating rate market, there may be an increased
risk of liquidity risk in the portfolio from time to time.
13. Other Risk: In case of downward movement of interest rates, floating rate debt instruments will
give a lower return than fixed rate debt instruments.

9
14. Counterparty Risk: The floating rate assets may also be created by swapping a fixed return to a
floating rate return. In such a swap, there may be an additional risk of counter-party who will pay
floating rate return and receive fixed rate return.
15. Securities Lending: Engaging in securities lending is subject to risks related to fluctuations in
collateral value and settlement/liquidity and counter party risks. The risks in lending portfolio
securities, as with other extensions of credit, consist of the failure of another party, in this case the
approved intermediary, to comply with the terms of agreement entered into between the lender of
securities i.e. the Scheme and the approved intermediary. Such failure to comply can result in the
possible loss of rights in the collateral put up by the borrower of the securities, the inability of the
approved intermediary to return the securities deposited by the lender and the possible loss of any
corporate benefits accruing to the lender from the securities deposited with the approved
intermediary. The Mutual Fund may not be able to sell such lent securities and this can lead to
temporary illiquidity.
16. Short-selling of Securities: Purchasing a security entails the risk of the security price going down.
Short selling of securities (i.e. sale of securities without owning them) entails the risk of the security
price going up there by decreasing the profitability of the short position. Short selling is subject to
risks related to fluctuations in market price, and settlement/liquidity risks. If required by the
Regulations, short selling may entail margin money to be deposited with the clearing house and
daily mark to market of the prices and margins. This may impact fund pricing and may induce
liquidity risks if the fund is not able to provide adequate margins to the clearing house. Failure to
meet margin requirements may result in penalties being imposed by the exchanges and clearing
house.
Risk associated with investing in foreign securities
It is AMC’s belief that the investment in overseas securities offer new investment and portfolio
diversification opportunities into multi-market and multi-currency products. However, such
investments also entail additional risks. Such investment opportunities may be pursued by the AMC
provided they are considered appropriate in terms of the overall investment objectives of the schemes.
Since the Schemes would invest only partially in overseas securities, there may not be readily available
and widely accepted benchmarks to measure performance of the Schemes.
To the extent the assets of the scheme(s) are invested in overseas financial assets, there may be risks
associated with currency movements, restrictions on repatriation and transaction procedures in overseas
market. Further, the repatriation of capital to India may also be hampered by changes in regulations
concerning exchange controls or political circumstances as well as the application to it of other
restrictions on investment as applicable. In addition, country risks would include events such as
introduction of extraordinary exchange controls, economic deterioration, bi-lateral conflict leading to
immobilization of the overseas financial assets and the prevalent tax laws of the respective jurisdiction
for execution of trades or otherwise.
The Scheme(s) may also invest in Foreign Securities as permitted by Reserve Bank of India and
Securities and Exchange Board of India from time to time. To the extent that some part of the assets of
the Scheme(s) may be invested in securities denominated in foreign currencies, Indian Rupee equivalent
of the net assets, distributions and income may be adversely affected by the changes in the value of
certain foreign currencies relative to the Indian Rupee.
As the investment may be made in securities of different countries, the portfolio shall be exposed to the
political, economic and social risks with respect to each country. However, the portfolio manager shall
ensure that his exposure to each country is limited so that the portfolio is not exposed to one country.
Investments in various economies will also diversify and reduce this risk.
Currency Risk: The scheme(s) may invest in securities denominated in a broad range of currencies
and may maintain cash in such currencies. As a consequence, fluctuations in the value of such currencies
against the currency denomination of the relevant scheme will have a corresponding impact on the value
of the portfolio. Furthermore, investors should be aware that movements in the rate of exchange between
the currency of denomination of a fund and their home currency will affect the value of their

10
shareholding when measured in their home currency.
In respect of the corpus of the Scheme(s) that is invested in overseas mutual fund schemes, investors
shall bear the proportionate recurring expenses of such underlying scheme(s), in addition to the
recurring expenses of the Scheme(s). Therefore, the returns attributable to such investments by the
Scheme(s) may be impacted or may, at times, be lower than the returns that the investors could obtain
by directly investing in the said underlying scheme(s).
To manage risks associated with foreign currency and interest rate exposure, the Fund may use
derivatives for efficient portfolio management including hedging and in accordance with conditions as
may be stipulated by SEBI/RBI from time to time. Offshore investments will be made subject to any/all
approvals, conditions thereof as may be stipulated by SEBI/RBI and provided such investments do not
result in expenses to the Fund in excess of the ceiling on expenses prescribed by and consistent with
costs and expenses attendant to international investing. The Fund may, where necessary, appoint other
intermediaries of repute as advisors, custodian/sub-custodians etc. for managing and administering such
investments. The appointment of such intermediaries shall be in accordance with the applicable
requirements of SEBI and within the permissible ceilings of expenses. The fees and expenses would
illustratively include, besides the investment management fees, custody fees and costs, fees of appointed
advisors and sub-managers, transaction costs, and overseas regulatory costs.
Risks associated with Investing in Derivatives:
Derivative products are leveraged instruments and can provide disproportionate gains as well as
disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund
manager to identify such opportunities. Identification and execution of the strategies to be pursued by
the fund manager involve uncertainty and decision of fund manager may not always be profitable. No
assurance can be given that the fund manager will be able to identify or execute such strategies. The
risks associated with the use of derivatives are different from or possibly greater than, the risks
associated with investing directly in securities and other traditional investments. As and when the
Scheme trade in the derivatives market there are risk factors and issues concerning the use of derivatives
that investors should understand. Derivative products are specialized instruments that require
investment techniques and risk analyses different from those associated with bonds. The use of a
derivative requires an understanding not only of the underlying instrument but of the derivative itself.
Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the
ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest
rate movements correctly. There is the possibility that a loss may be sustained by the portfolio as a
result of the failure of another party (usually referred to as the “counter party”) to comply with the terms
of the derivatives contract. Other risks in using derivatives include the risk of mispricing or improper
valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets,
rates and indices.
Derivatives are highly leveraged instruments. Even a small price movement in the underlying security
could have a large impact on their value. Also, the market for derivative instruments is nascent in India.
The risks associated with the use of derivatives are different from or possibly greater than the risks
associated with investing directly in securities and other traditional investments.
The specific risk factors arising out of a derivative strategy used by the Fund Manager may be as below:
 Lack of opportunity available in the market.
 The risk of mispricing or improper valuation and the inability of derivatives to correlate
perfectly with underlying assets, rates and indices.
Risk associated with Interest Rate Future
An Interest Rate Futures is an agreement to buy or sell a debt instruments at a specified future date at a
price that is fixed today. Interest Rate Futures are Exchange Traded and are cash settled. Hedging using
Interest Rate Futures can be perfect or imperfect. Perfect hedging means hedging the underlying using
IRF contract of same underlying.

11
(i) Market risk: Derivatives carry the risk of adverse changes in the market price.
(ii) Liquidity risk – This occurs where the derivatives cannot be sold (unwound) at prices that reflect
the underlying assets, rates and indices.
(iii) Model Risk - The risk of mispricing or improper valuation of derivatives.
(iv) Basis Risk – This risk arises when the instrument used as a hedge does not match the movement in
the instrument/ underlying asset being hedged. The risks may be inter-related also; for e.g. interest
rate movements can affect equity prices, which could influence specific issuer/industry assets.
Risk associated with imperfect hedge using IRF:
In case the IRF used for hedging the interest rate risk has different underlying security than the existing
position being hedged, it would result in imperfect hedging.
(i) Basis Risk: Basis risk is the risk that arises when the instrument used as a hedge does not match
the movement in the instrument/ underlying asset being hedged. This could result into potential
gains or losses from the strategy, thus adding risk to the position.
(ii) Price Risk: The risk of mispricing or improper valuation and the inability of derivatives to correlate
(iii)Risk of mismatch between the instruments: The risk arises if there is a mismatch between the
prices movements in derivative instrument used to hedge, compared to the price movement of the
underlying assets being hedged. For example, when IRF which has government security as
underlying is used to hedge a portfolio that contains corporate debt securities.
(iv) Correlation weakening and consequent risk of regulatory breach: SEBI Regulation mandates
minimum correlation criterion of 0.9 (calculated on a 90-day basis) between the portfolio being
hedged and the derivative instrument used for hedging. In cases where the correlation falls below
0.9, a rebalancing period of 5 working days has been permitted. In ability to satisfy this requirement
to restore the correlation level to the stipulated level, within the stipulated period, due to difficulties
in rebalancing would lead to a lapse of the exemption in gross exposure computation. The entire
derivative exposure would then need to be included in gross exposure, which may result in gross
exposure in excess of 100% of net asset value.
Risk Associated with investing in Securitized Debt / Structured Obligations
The Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage
backed securities (MBS). Asset Backed Securities (ABS) are securitized debts where the underlying
assets are receivables arising from various loans including automobile loans, personal loans, loans
against consumer durables, etc. Mortgage backed securities (MBS) are securitized debts where the
underlying assets are receivables arising from loans backed by mortgage of residential / commercial
properties. ABS/MBS instruments reflect the undivided interest in the underlying pool of assets and do
not represent the obligation of the issuer of ABS/MBS or the originator of the underlying receivables.
The ABS/MBS holders have a limited recourse to the extent of credit enhancement provided. If the
delinquencies and credit losses in the underlying pool exceed the credit enhancement provided,
ABS/MBS holders will suffer credit losses. ABS/MBS are also normally exposed to a higher level of
reinvestment risk as compared to the normal corporate or sovereign debt.
At present in Indian market, following types of loans are securitised:
 Auto Loans (cars / commercial vehicles /two wheelers)
 Residential Mortgages or Housing Loans
 Consumer Durable Loans
 Personal Loans
 Corporates Loans
The main risks pertaining to each of the asset classes above are described below:
Auto Loans (cars / commercial vehicles /two wheelers)
The underlying assets (cars etc) are susceptible to depreciation in value whereas the loans are given at
high loan to value ratios. Thus, after a few months, the value of asset becomes lower than the loan

12
outstanding. The borrowers, therefore, may sometimes tend to default on loans and allow the vehicle to
be repossessed. These loans are also subject to model risk. ie if a particular automobile model does not
become popular, loans given for financing that model have a much higher likelihood of turning bad. In
such cases, loss on sale of repossession vehicles is higher than usual.
Commercial vehicle loans are susceptible to the cyclicality in the economy. In a downturn in economy,
freight rates drop leading to higher defaults in commercial vehicle loans. Further, the second hand prices
of these vehicles also decline in such economic environment.
Housing Loans
Housing loans in India have shown very low default rates historically. However, in recent years, loans
have been given at high loan to value ratios and to a much younger borrower classes. The loans have
not yet gone through the full economic cycle and have not yet seen a period of declining property prices.
Thus the performance of these housing loans is yet to be tested and it need not conform to the historical
experience of low default rates.
Consumer Durable Loans
The underlying security for such loans is easily transferable without the bank’s knowledge and hence
repossession is difficult. The underlying security for such loans is also susceptible to quick depreciation
in value. This gives the borrowers a high incentive to default.
Personal Loans
These are unsecured loans. In case of a default, the bank has no security to fall back on. The lender has
no control over how the borrower has used the borrowed money. Further, all the above categories of
loans have the following common risks:
All the above loans are retail, relatively small value loans. There is a possibility that the borrower takes
different loans using the same income proof and thus the income is not sufficient to meet the debt service
obligations of all these loans.
In India, there is insufficiency of ready comprehensive and complete database regarding past credit
record of borrowers. Thus, loans may be given to borrowers with poor credit record. In retail loans, the
risks due to frauds are high.
Corporate Loans
These are loans given to single or multiple corporates. The receivables from a pool of loans to corporate
are assigned to a trust that issues Pass through certificates in turn. The credit risk in such PTCs is on the
underlying pool of loans to corporates. The credit risk of the underlying loans to the corporates would
in turn depend of economic cycles.
Risk associated with investing in Debt instruments having Credit Enhancements
The Scheme may invest in debt instruments having credit enhancements. Credit Enhancement (CE) is
a way of improving the credit quality of the said debt instruments by way of some form of explicit credit
support from the parent/ group company of the issuer / a third party. The support may be in the form of
corporate guarantee, letter of comfort, shortfall undertaking, pledge of shares, standby letter of credit
from a commercial bank (majorly in case of Commercial Papers), etc. A common form of credit
enhancement is an unconditional & irrevocable guarantee from a higher rated entity covering the
issuer’s debt obligations.
Debt instruments having credit enhancements are subject to the following risks, which in turn may
impact the credit profile of the given debt instrument:
 The credit strength of the support provider may deteriorate or the value of the underlying asset /
collateral may reduce. A common example would be a sharp reduction in the price of underlying
equity shares provided as collateral or a possibility of the guarantor going insolvent, thus
impacting the Fund’s ability to recover the issuer's debt obligations.
 Any weakness or possible delay in the enforceability of the underlying support or invocation of
the underlying asset/collateral owing to regulatory constraints.
Risk associated with investing in Repo of Corporate Bond Securities

13
To the extent the scheme invests in Repo of Corporate Bond Securities, the scheme will be subject to
following risks –
 Settlement Risk: Corporate Bond Repo will be settled between two counterparties in the OTC
segment unlike in the case of CBLO transactions where CCIL stands as central counterparty on all
transactions (no settlement risk).
 Quality of collateral: The Mutual Fund will be exposed to credit risk on the underlying collateral
– downward migration of rating. The Mutual Fund will impose adequate haircut on the collateral
to cushion against any diminution in the value of the collateral. Collateral will require to be rated
AAA or equivalent.
 Liquidity of collateral: In the event of default by the counterparty, the Mutual Fund would have
recourse to recover its investments by selling the collateral in the market. If the underlying
collateral is illiquid, then the Mutual Fund may incur an impact cost at the time of sale (lower price
realization).
Risks associated with investing in REIT and InvIT:
Market Risk
The scheme is vulnerable to movements in the prices of REITs/InvITs invested by the scheme, which
could have a material bearing on the overall returns from the scheme. Further, the distributions by these
securities may fluctuate and will be based on the net cash flows available for distribution depending on
the dividends or the interest and principal payments received from portfolio assets.
The value of the Scheme’s investments, may be affected generally by factors affecting the markets,
interest rates, changes in policies of the Government, taxation laws or any other appropriate authority
policies and other political and economic developments which may have an adverse bearing on
individual securities, a specific sector or all sectors including equity and debt markets.
Liquidity Risk
This refers to the ease with which a security can be sold. As the liquidity of the investments made by
the Scheme could be restricted by lack of active secondary market, trading volumes and settlement
periods, or the time taken by the Mutual Fund for liquidating the investments in the scheme may be
high in the event of immediate redemption requirement.
Reinvestment Risk
This risk refers to the interest rate levels at which cash flows received from the securities in the Scheme
are reinvested. The additional income from reinvestment is the “interest on interest” component. The
risk is that the rate at which interim cash flows can be reinvested may be lower than that originally
assumed.
Risks associated with segregated portfolio:
1. Liquidity risk – A segregated portfolio is created when a credit event / default occurs at an issuer
level in the scheme. This may reduce the liquidity of the security issued by the said issuer, as
demand for this security may reduce. This is also further accentuated by the lack of secondary
market liquidity for corporate papers in India. As per SEBI norms, the scheme is to be closed for
redemption and subscriptions until the segregated portfolio is created, running the risk of
investors being unable to redeem their investments. However, it may be noted that, the proposed
segregated portfolio is required to be formed within one day from the occurrence of the credit
event.
Investors may note that no redemption and subscription shall be allowed in the segregated
portfolio. However, in order to facilitate exit to unit holders in segregated portfolio, AMC shall
list the units of the segregated portfolio on a recognized stock exchange within 10 working days
of creation of segregated portfolio and also enable transfer of such units on receipt of transfer
requests. For the units listed on the exchange, it is possible that the market price at which the units
are traded may be at a discount to the NAV of such Units. There is no assurance that an active
secondary market will develop for units of segregated portfolio listed on the stock exchange. This

14
could limit the ability of the investors to resell them.
2. Valuation risk - The valuation of the securities in the segregated portfolio is required to be carried
out in line with the applicable SEBI guidelines. However, it may be difficult to ascertain the fair
value of the securities due to absence of an active secondary market and difficulty to price in
qualitative factors.
RISK MANAGEMENT STRATEGIES
The Fund by utilizing a holistic risk management strategy will endeavor to manage risks associated with
investing in debt and equity markets. The risk control process involves identifying & measuring the risk
through various risk measurement tools.
The Fund has identified following risks of investing in equity and debt and designed risk management
strategies, which are embedded in the investment process to manage such risks.
Risk Description Risk Mitigants/management strategy
Market Risk
As with all debt securities, changes in interest rates
may affect the Scheme’s Net Asset Value as the
prices of securities generally increase as interest
rates decline and generally decrease as interest
rates rise. Prices of long-term securities generally
fluctuate more in response to interest rate changes
than do short-term securities. Indian debt markets
can be volatile leading to the possibility of price
movements up or down in fixed income securities
and thereby to possible movements in the NAV.
In a rising interest rates scenario the Fund
Managers will endeavor to increase its
investment in money market securities whereas
if the interest rates are expected to fall the
allocation to debt securities with longer
maturity will be increased thereby mitigating
risk to that extent.
Liquidity or Marketability Risk
This refers to the ease with which a security can be
sold at or near to its valuation Yield-To-Maturity
(YTM). The primary measure of liquidity risk is
the spread between the bid price and the offer price
quoted by a dealer. Liquidity risk is today
characteristic of the Indian fixed income market.
The Scheme may invest in government
securities, corporate bonds and money market
instruments. While the liquidity risk for
government securities, money market
instruments and short maturity corporate bonds
may be low, it may be high in case of medium
to long maturity corporate bonds. Liquidity risk
is today characteristic of the Indian fixed
income market. The fund will however,
endeavor to minimise liquidity risk by investing
in securities having a liquid market.
Credit Risk
Credit risk or default risk refers to the risk that an
issuer of a fixed income security may default (i.e.,
will be unable to make timely principal and interest
payments on the security). Because of this risk
corporate debentures are sold at a higher yield
above those offered on Government Securities
which are sovereign obligations and free of credit
risk. Normally, the value of a fixed income security
will fluctuate depending upon the changes in the
perceived level of credit risk as well as any actual
event of default. The greater the credit risk, the
greater the yield required for someone to be
compensated for the increased risk.
A traditional SWOT analysis will be used for
identifying company specific risks.
Management’s past track record will also be
studied. In order to assess financial risk a
detailed assessment of the issuer’s financial
statements will be undertaken to review its
ability to undergo stress on cash flows and asset
quality. A detailed evaluation of accounting
policies, off balance sheet exposures, notes,
auditors’ comments and disclosure standards
will also be made to assess the overall financial
risk of the potential borrower. In case of
securitized debt instruments, the fund will
ensure that these instruments are sufficiently
backed by assets.

15
Risk Description Risk Mitigants/management strategy
Reinvestment Risk
This risk refers to the interest rate levels at which
cash flows received from the securities in the
Scheme are reinvested. The additional income
from reinvestment is the “interest on interest”
component. The risk is that the rate at which
interim cash flows can be reinvested may be lower
than that originally assumed.
Reinvestment risks will be limited to the extent
of coupons received on debt instruments, which
will be a very small portion of the portfolio
value.
Derivatives Risk
As and when the Scheme trades in the derivatives
market there are risk factors and issues concerning
the use of derivatives that Investors should
understand. Derivative products are specialized
instruments that require investment techniques and
risk analyses different from those associated with
stocks and bonds. The use of a derivative requires
an understanding not only of the underlying
instrument but also of the derivative itself.
Derivatives require the maintenance of adequate
controls to monitor the transactions entered into,
the ability to assess the risk that a derivative adds
to the portfolio and the ability to forecast price or
interest rate movements correctly. There is the
possibility that a loss may be sustained by the
portfolio as a result of the failure of another party
(usually referred to as the “counter party”) to
comply with the terms of the derivatives contract.
Other risks in using derivatives include the risk of
mis-pricing or improper valuation of derivatives
and the inability of derivatives to correlate
The fund has provision for using derivative
instruments for portfolio balancing and hedging
purposes. Interest Rate Swaps will be done with
approved counter parties under pre approved
ISDA agreements. Mark to Market of swaps,
netting off of cash flow and default provision
clauses will be provided as per international
best practice on a reciprocal basis. Interest rate
swaps and other derivative instruments will be
used as per local (RBI and SEBI) regulatory
guidelines.
B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME
The Scheme shall have a minimum of 20 investors and no single investor shall account for more than
25% of the corpus of the Scheme. However, if such limit is breached during the NFO of the Scheme,
the Fund will endeavor to ensure that within a period of three months or the end of the succeeding
calendar quarter from the close of the NFO of the Scheme, whichever is earlier, the Scheme complies
with these two conditions. In case the Scheme does not have a minimum of 20 investors in the stipulated
period, the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable
automatically without any reference from SEBI and accordingly the Scheme shall be wound up and the
units would be redeemed at applicable NAV. The two conditions mentioned above shall also be
complied within each subsequent calendar quarter thereafter, on an average basis, as specified by SEBI.
If there is a breach of the 25% limit by any investor over the quarter, a rebalancing period of one month
would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice
to redeem his exposure over the 25 % limit. Failure on the part of the said investor to redeem his
exposure over the 25 % limit within the aforesaid 15 days would lead to automatic redemption by the
Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. The Fund shall
adhere to the requirements prescribed by SEBI from time to time in this regard.
C. SPECIAL CONSIDERATIONS, if any
Investors may note that AMC/Fund Manager’s investment decisions may not be always profitable or
prove to be correct.
All the above factors not only affect the prices of securities but may also affect the time taken by the

16
Fund for redemption of units, which could be significant in the event of receipt of a very large number
of redemption requests or very large value of redemption requests. The liquidity of the assets may be
affected by other factors such as general market conditions, political events, bank holidays and civil
strife. In view of this, the Trustee has the right in its sole discretion to limit redemption (including
suspension of redemption) under certain circumstances. Please refer to Section titled “Units and Offer”.
The liquidity of the Scheme’s investments may be restricted by trading volumes, settlement periods and
transfer procedures. In the event of an inordinately large number of redemption requests or of a
restructuring of the Scheme’s portfolio, the time taken by the Scheme for redemption of Units may
become significant. In view of this, the Trustee has the right in its sole discretion to limit redemption
(including suspension of redemption) under certain circumstances. Please refer to Section titled “Units
and Offer”.
The mutual fund or AMC and its empanelled brokers have not given and shall not give any indicative
portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised
not to rely on any communication regarding indicative yield/ portfolio with regard to the scheme.
The Scheme may also invest in overseas financial assets as permitted under the applicable regulations.
To the extent that the assets of the Scheme will be invested in securities denominated in foreign
currencies, the Indian Rupee equivalent of the net assets, distributions and income may be adversely
affected by changes in the value of certain foreign currencies relative to the Indian Rupee. The
repatriation of capital to India may also be hampered by changes in regulations concerning exchange
controls or political circumstances as well as the application to it of other restrictions on investment.
Redemptions due to change in the fundamental attributes of the Scheme or due to any other reasons
may entail tax consequences. The Trustee, AMC, Mutual Fund, their directors or their employees shall
not be liable for any such tax consequences that may arise.
The tax benefits described in this Scheme Information Document (SID) are as available under the
present taxation laws and are available subject to conditions. The information given is included for
general purpose only and is based on advice received by the AMC regarding the law and practice in
force in India and the Unitholders should be aware that the relevant fiscal rules or their interpretation
may change. As is the case with any investment, there can be no guarantee that the tax position or the
proposed tax position prevailing at the time of an investment in the Scheme will endure indefinitely. In
view of the individual nature of tax consequences, each Unitholder is advised to consult his/ her own
professional tax advisor.
No person has been authorised to give any information or to make any representations not confirmed in
this SID in connection with the SID or the issue of Units, and any information or representations not
contained herein must not be relied upon as having been authorised by the Mutual Fund or the Asset
Management Company.
The AMC is also engaged in portfolio management services (PMS) under SEBI Registration No.
INP000002064. The AMC is also providing investment management services to Alternative Investment
Funds registered under SEBI (Alternative Investment Funds) Regulations, 2012 and registered Venture
Capital Fund i.e. IDFC SPICE Fund. All these activities are not in conflict with the activities of the
Mutual Fund.
Neither the Statement of Additional Information; nor this Scheme Information Document, nor the
Application for the Units, nor the Units (“these Documents”) have been registered in any jurisdiction.
The distribution of these Documents in certain jurisdictions may be prohibited or restricted or subject
to registration requirements and accordingly, persons who come into possession of any of these
Documents are required to inform themselves about and to observe, any such restrictions. No person
receiving a copy of any of these Documents in such jurisdiction may act or treat these Document or any
part/portion thereof as constituting an invitation to him to subscribe for Units, nor should he in any
event use any such Documents, unless in the relevant jurisdiction such an invitation could lawfully be
made to him and such Documents could lawfully be used without compliance with any registration or

17
other legal requirements.
D. DEFINITIONS AND ABBREVIATIONS
In this document, the following words and expressions shall have the meaning specified herein, unless
the context otherwise requires:
AMC IDFC Asset Management Company Limited, a company set up under the
Companies Act, 1956, and approved by SEBI to act as the Asset Management
Company for the Schemes of IDFC Mutual Fund
Applicable
NAV
Unless stated otherwise in the Scheme information document, Applicable NAV is
the Net Asset Value as of the Day as of which the purchase or redemption is sought
by the investor and determined by the Fund. (For details, please refer to the section
on "Applicable NAV”)
Business Day A day other than (i) Saturday or Sunday or (ii) a day on which the Reserve Bank
of India &/or Banks in Mumbai are closed for business or clearing or (iii) a day
on which there is no RBI clearing / settlement of securities or (iv) a day on which
the Bombay Stock Exchange and/or National Stock Exchange are closed or (v) a
day on which the Redemption of Units is suspended by the Trustee / AMC or (vi)
a day on which normal business could not be transacted due to storms, floods,
other natural calamities, bandhs, strikes or such other events or as the AMC may
specify from time to time. The AMC reserves the right to declare any day as a
Business Day or otherwise at any or all collection &/or Official points of
acceptance of transactions.
Continuous
Offer
Offer of units when the scheme becomes available for subscription, after the
closure of the New Fund Offer
Custodian Deutsche Bank A.G., Mumbai, acting as Custodian to the Scheme, or any other
custodian who is approved by the Trustee
Cut Off time A time prescribed in the SID prior to which an investor can submit a subscription
/ redemption request along with a local cheque or a demand draft payable at par at
the place where the application is received, to be entitled to the Applicable NAV
for that Business Day.
Distributor Such persons/firms/ companies/ corporates who fulfill the criteria laid down by
SEBI/AMFI from time to time and as may be appointed by the AMC to
distribute/sell/market the Schemes of the Fund.
Exit Load A charge that may be levied as a percentage of NAV at the time of exiting the
scheme.
FPIs Foreign Portfolio Investors, registered under the SEBI (Foreign Portfolio
Investors) Regulations, 2019
Fixed Income
Securities
Debt Securities created and issued by, inter alia, Central Government, State
Government, Local Authorities, Municipal Corporations, Public Sector
Undertaking, Private Sector companies/enterprises, Financial Institutions, Bodies
Corporate, Unincorporated SPVs and any other entities which may be
recognised/permitted, which yield at fixed or variable rate by way of interest,
premium, discount or a combination of any of them.
“Floating Rate
Instruments”
Debt instruments with interest rate/coupon that are reset periodically or with
returns that are linked to a floating rate benchmark. The interest rate on the
instruments could be in the nature of fixed/specified basis points spread over the
benchmark index or yields. The periodicity of the interest reset could be daily,
monthly, quarterly, half-yearly, annually or any other periodicity that may be
specified in the terms of issue or as mutually agreed with the issuer and the Mutual
Fund.
Fund or
Mutual Fund
IDFC Mutual Fund (“the Mutual Fund” or “the Fund”), had been constituted as a
trust in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882)
vide a trust Deed dated December 29, 1999. The office of the Sub-Register of
Assurances at Mumbai had registered the Trust Deed establishing the Fund under
the Registration Act, 1908. The Fund was registered with SEBI vide Registration

18
No.MF/042/00/3 dated March 13, 2000. A deed of amendment to the Trust Deed
had been executed and registered to recognize the change in sponsor of the Mutual
Fund.
The Scheme IDFC Floating Rate Fund
Gilt or Govt.
Securities
A security created and issued by the Central Government or a State Government
for the purpose of raising a public loan or for any other purpose as may be notified
by the concerned Government in the Official Gazette and having one of the forms
mentioned in section 3 of Government Securities Act, 2006 and includes Treasury
Bills, Cash Management Bills, State Development Loans and UDAY Bonds
“InvIT” or
“Infrastructure
Investment
Trust”
“InvIT” or “Infrastructure Investment Trust” shall have the meaning assigned in
clause (za) of sub-regulation (1) of regulation 2 of the Securities and Exchange
Board of India (Infrastructure Investment Trusts) Regulations, 2014
New Fund
Offer
Offer of the Units of scheme under IDFC Floating Rate Fund during the New Fund
Offer Period
New Fund
Offer Period
The dates on or the period during which the initial subscription to Units of the
Scheme can be made. New Fund Offer Period for the scheme will be announced
at the time of the launch subject to the earlier closure, if any; such offer period not
being more than 15 days
Investment
Management
Agreement
The Agreement dated January 3, 2000 entered into between IDFC AMC Trustee
Company Limited and IDFC Asset Management Company Limited as amended
from time to time.
Official Points
of acceptance
of transaction
All applications for purchase/redemption of units should be submitted by investors
at the official point of acceptance of transactions at the office of the registrar
and/or AMC as may be notified from time to time. For details please refer to the
application form and/or website of the Mutual Fund at www.idfcmf.com
Load A charge that may be levied as a percentage of NAV at the time of entry into the
Scheme or at the time of exiting from the Scheme
Money Market
Instruments
Money Market instruments include Commercial papers, Commercial bills,
Treasury bills, Government Securities having an unexpired maturity upto one
year, call or notice money, certificates of deposit, usance bills and any other like
instruments as specified by the Reserve Bank of India from time to time
NAV Net Asset Value of the Units of the Scheme calculated on every Business Day in
the manner provided in this Scheme Information Document or as may be
prescribed by regulations from time to time
NRIs Non-Resident Indians
Scheme
Information
Document
This document is issued by IDFC Mutual Fund, offering Units of scheme under
IDFC Floating Rate Fund
Person of
Indian Origin
A citizen of any country other than Bangladesh or Pakistan, if- a) he at any time
held an Indian passport, or b) he or either of his parents or any of his grand-parents
was a citizen of India by virtue of the Constitution of India or the Citizenship Act,
1955 (57 of 1955) or c) the person is a spouse of an Indian citizen or a person
referred to in sub clause (a) or (b)
RBI Reserve Bank of India, established under the Reserve Bank of India Act, 1934, as
amended from time to time
“REIT” or
“Real Estate
Investment
Trust”
“REIT” or “Real Estate Investment Trust” shall have the meaning assigned in
clause (zm) of sub-regulation 1 of regulation 2 of the Securities and Exchange
Board of India (Real Estate Investment Trusts) Regulations, 2014
Retail investors Individual investors investing upto Rs. 2,00,000/- per transaction shall be termed
as ‘retail investors’.
Repo / Reverse
Repo
Sale / Purchase of Government Securities as may be allowed by RBI from time to
time with simultaneous agreement to repurchase / resell them at a later date
Repurchase /
Redemption
Repurchase / Redemption of units of the scheme, as permitted under the scheme
Sale / Sale or allotment of units to the unitholders upon subscription by an investor /

19
Subscription applicant under this scheme
SEBI Securities and Exchange Board of India established under Securities and
Exchange Board of India Act, 1992, as amended from time to time
Systematic
Investment
Plan (SIP)
A plan enabling investors to save and invest in the scheme on monthly / quarterly
/ other periodic basis submitting post dated cheques / payment instructions. The
AMC reserves the right to introduce SIPs at other frequencies such as daily /
weekly / half yearly etc., as may be deemed appropriate by the AMC, from time
to time.
Systematic
Transfer Plan
(STP)
A plan enabling investors to transfer lumpsum amounts / capital appreciation in
the specific schemes of IDFC Mutual Fund to other scheme of the fund by
providing a standing instruction to transfer sums at monthly intervals. The AMC
reserves the right to introduce STPs at such other frequencies such as weekly /
quarterly / half yearly etc. as the AMC may feel appropriate from time to time.
Systematic
Withdrawal
Plan (SWP)
A plan enabling investors to withdraw amounts from the scheme on a monthly /
quarterly basis by giving a single instruction. The AMC reserves the right to
introduce SWPs at such other frequencies such as weekly / quarterly / half yearly
etc. as the AMC may feel appropriate from time to time
The
Regulations
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as
amended from time to time
Trustee IDFC AMC Trustee Company Limited, a company set up under the Companies
Act, 1956, and approved by SEBI to act as the Trustee for the Scheme/s of IDFC
Mutual Fund
Trust Deed The Trust Deed dated December 29, 1999 establishing IDFC Mutual Fund
previously known as Standard Chartered Mutual Fund (which was earlier known
as ANZ Grindlays Mutual Fund) as amended from time to time
Trust Fund Amounts settled/contributed by the Sponsor towards the corpus of the IDFC
Mutual Fund and additions/accretions thereto
Unit The interest of an investor that consists of one undivided share in the Net Assets
of the Scheme
Unitholder A holder of Units under the IDFC Floating Rate Fund, as contained in this Scheme
information document
For all purposes of this Scheme information document, except as otherwise expressly provided or unless
the context otherwise requires:
 the terms defined in this Scheme information document include the plural as well as the singular
 pronouns having a masculine or feminine gender shall be deemed to include the other
 all references to "Sterling Pounds" refer to United Kingdom Sterling Pounds , "dollars" or "$" refer
to United States Dollars and "Rs" refer to Indian Rupees. A "crore" means "ten million" and a "lakh"
means a "hundred thousand"

20
E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY
It is confirmed that:
(i) the Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutual Fund)
Regulations, 1996 and the guidelines and directives issued by SEBI from time to time
(ii) all legal requirements connected with the launching of the scheme as also the guidelines,
instructions, etc., by the Government and any other competent authority in this behalf, have been duly
complied with
(iii) the disclosure made in the Scheme Information Document are true, fair, and adequate to enable the
investors to make a well informed decision regarding investment in the proposed scheme
(iv) the intermediaries named in the Scheme Information Document and Statement of Additional
Information are registered with SEBI and their registration is valid, as on date.
For IDFC Asset Management Company Limited
(Investment Manager of IDFC Mutual Fund)
Sd/-
VISHAL KAPOOR
Chief Executive Officer
Date: December 31, 2019
Place: Mumbai
Note: The Due Diligence Certificate dated December 31, 2019 was submitted to SEBI.

21
II. INFORMATION ABOUT THE SCHEME
A. TYPE OF THE SCHEME
An Open-ended Debt Scheme predominantly investing in floating rate instruments (including fixed rate
instruments converted to floating rate exposures using swaps/derivatives)
B. INVESTMENT OBJECTIVE OF THE SCHEME
The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate
instruments, including fixed rate instruments swapped for floating returns and other debt and money
market instruments.
Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised.
C. ASSET ALLOCATION
The asset allocation under the scheme will be as follows:
Asset Class Indicative Allocation
(as % of total assets)
Risk Profile
Floating Rate instruments (including fixed rate
instruments converted to floating rate exposures
using swaps / derivatives)
65% - 100% Low to Medium
Debt and Money Market Instruments other than
Floating Rate instruments
0%-35% Low to Medium
Units issued by REITs & InvITs 0% - 10% Medium to High
 Investment in Securitised Debt - up to 50% of the total assets
 Investment in Foreign Securities - up to 50% of the total assets
 Investment in Derivatives - up to 100% of total assets
 Investment in Securities lending – up to 20% of the net assets with maximum single party
exposure restricted to 5% of the net assets.
 Exposure to Debt Instruments having Structured Obligations / Credit Enhancements where
unsupported rating of debt instrument is below investment grade and supported rating of the
debt instrument is above investment grade - up to the extent permitted by the Regulations
(currently up to 10% of the net assets of the Scheme, subject to change in line with regulations
from time to time).
 Gross Exposure to Repo of Corporate Debt Securities – up to the extent permitted by the
Regulations. (currently up to 10% of total assets, subject to change in line with the regulations
from time to time)
 The Scheme may invest in units of mutual fund schemes pending deployment of funds, which
would be subsequently rebalanced within the timeframe mentioned in this document.
The Scheme may engage in short selling of securities in accordance with the applicable guidelines /
regulations.
The scheme may invest in Credit Default Swaps (CDS) in accordance with the applicable guidelines /
regulations as and when permitted by SEBI/RBI.
The cumulative gross exposure through derivatives, repo transactions in corporate debt securities, credit
default swaps along with debt & money market instruments, REITs & InvITs and across various other
asset classes in which the Scheme is permitted to invest shall not exceed 100% of the net assets of the
Scheme.
Change in Investment Pattern

22
Subject to the Regulations, the asset allocation pattern indicated above may change from time to time,
keeping in view market conditions, market opportunities, applicable regulations and political and
economic factors.
Rebalancing of the Portfolio: In case of deviation from the asset allocation pattern of the Scheme, the
same would be rebalanced within 30 days from the date of deviation. In case the same is not aligned to
the asset allocation pattern within 30 days, justification shall be provided to the Investment Committee.
The Investment Committee shall then decide on the course of action.
Provided further and subject to the above, any change in the asset allocation affecting the investment
profile of the Scheme shall be effected only in accordance with the provisions of sub regulation (15A)
of Regulation 18 of the Regulations, as detailed later in this document.
CREATION OF SEGREGATED PORTFOLIO
The AMC may create segregated portfolio of debt and money market instruments in a mutual fund
scheme in case of a credit event and to deal with liquidity risk.
In this regard, the term ‘segregated portfolio’ shall mean a portfolio comprising of debt or money
market instrument affected by a credit event that has been segregated in a mutual fund scheme and the
term ‘main portfolio’ shall mean the scheme portfolio excluding the segregated portfolio. The term
‘total portfolio’ shall mean the scheme portfolio including the securities affected by the credit event.
A segregated portfolio may be created in a mutual fund scheme in case of a credit event at issuer level
i.e. downgrade in credit rating by a SEBI registered Credit Rating Agency (CRA), as under:
a. Downgrade of a debt or money market instrument to ‘below investment grade’, or
b. Subsequent downgrades of the said instruments from ‘below investment grade’, or
c. Similar such downgrades of a loan rating.
In case of difference in rating by multiple CRAs, the most conservative rating shall be considered.
Creation of segregated portfolio shall be based on issuer level credit events as detailed above and
implemented at ISIN level.
Further, segregated portfolio of unrated debt or money market instruments may also be created in case
of actual default of either the interest or principal amount.
Process for creation of segregated portfolio
1. The AMC shall decide on creation of segregated portfolio on the day of credit event / default, as
applicable, as per the process laid down below:
a. The AMC shall seek approval of Trustees, prior to creation of the segregated portfolio.
b. The AMC shall immediately issue a press release disclosing its intention to segregate such
debt and money market instrument and its impact on the investors. It shall also be disclosed
that the segregation shall be subject to trustee approval. Additionally, the said press release
shall be prominently disclosed on the website of the AMC.
c. The AMC shall ensure that till the time the Trustee approval is received, the subscription
and redemption in the scheme shall be suspended for processing with respect to creation of
units and payment on redemptions.
2. Upon receipt of approval from Trustees:
a. The segregated portfolio shall be effective from the day of credit event / default.
b. The AMC shall issue a press release immediately with all relevant information pertaining
to the segregated portfolio. The said information shall also be submitted to SEBI.
c. An e-mail or SMS should be sent to all unit holders of the concerned scheme.
d. The NAV of both segregated and main portfolio shall be disclosed from the day of the
credit event / default.

23
e. All existing investors in the scheme as on the day of the credit event / default shall be
allotted equal number of units in the segregated portfolio as held in the main portfolio.
f. No redemption and subscription shall be allowed in the segregated portfolio. However, in
order to facilitate exit to unit holders in segregated portfolio, AMC shall enable listing of
units of segregated portfolio on the recognized stock exchange within 10 working days of
creation of segregated portfolio and also enable transfer of such units on receipt of transfer
requests.
3. If the trustees do not approve the proposal to segregate portfolio, the AMC shall issue a press release
immediately informing investors of the same.
4. Notwithstanding the decision to segregate the debt and money market instrument, the valuation
shall take into account the credit event / default and the portfolio shall be valued based on the
principles of fair valuation (i.e. realizable value of the assets) in terms of the relevant provisions of
SEBI (Mutual Funds) Regulations, 1996 and Circular(s) issued thereunder.
5. All subscription and redemption requests for which NAV of the day of credit event / default or
subsequent day is applicable will be processed as per the existing circular on applicability of NAV
as under:
a. Upon trustees’ approval to create a segregated portfolio –
i. Investors redeeming their units will get redemption proceeds based on the NAV of
main portfolio and will continue to hold the units of segregated portfolio.
ii. Investors subscribing to the scheme will be allotted units only in the main portfolio
based on its NAV.
b. In case trustees do not approve the proposal of segregated portfolio, subscription and
redemption applications will be processed based on the NAV of total portfolio.
6. In order to enable the existing as well as the prospective investors to take informed decision, the
following shall be adhered to:
a. A statement of holding indicating the units held by the investors in the segregated portfolio
along with the NAV of both segregated portfolio and main portfolio as on the day of the
credit event / default shall be communicated to the investors within 5 working days of
creation of the segregated portfolio.
b. Adequate disclosure of the segregated portfolio shall appear in all scheme related
documents, in monthly and half-yearly portfolio disclosures and in the annual report of the
mutual fund and the scheme.
c. The Net Asset Value (NAV) of the segregated portfolio shall be declared on daily basis.
d. The information regarding number of segregated portfolios created in a scheme shall appear
prominently under the name of the scheme at all relevant places such as SID, KIM-cum-
Application Form, advertisement, AMC and AMFI websites, etc.
e. The scheme performance required to be disclosed at various places shall include the impact
of creation of segregated portfolio. The scheme performance should clearly reflect the fall
in NAV to the extent of the portfolio segregated due to the credit event / default and the
said fall in NAV along with recovery(ies), if any, shall be disclosed as a footnote to the
scheme performance.
f. The disclosures at paragraph (d) and (e) above regarding the segregated portfolio shall be
carried out for a period of at least 3 years after the investments in segregated portfolio are
fully recovered/ written-off.
g. The investors of the segregated portfolio shall be duly informed of the recovery proceedings
of the investments of the segregated portfolio. Status update may be provided to the
investors at the time of recovery and also at the time of writing-off of the segregated
securities.
7. In order to ensure timely recovery of investments of the segregated portfolio, the Trustees to the
fund would continuously monitor the progress and take suitable action as may be required.
8. TER for the Segregated Portfolio:

24
a. AMC shall not charge investment and advisory fees on the segregated portfolio.
However, TER (excluding the investment and advisory fees) can be charged, on a prorata
basis only upon recovery of the investments in segregated portfolio.
b. The TER so levied shall not exceed the simple average of such expenses (excluding the
investment and advisory fees) charged on daily basis on the main portfolio (in % terms)
during the period for which the segregated portfolio was in existence.
c. The legal charges related to recovery of the investments of the segregated portfolio may be
charged to the segregated portfolio in proportion to the amount of recovery.
However, the same shall be within the maximum TER limit as applicable to the main
portfolio. The legal charges in excess of the TER limits, if any, shall be borne by the AMC.
d. The costs related to segregated portfolio shall in no case be charged to the main portfolio.
Investors may also note that the process followed by the AMC/Trust regarding creation of segregated
portfolios shall be in accordance with the provisions laid down by SEBI in this regard, from time to
time.
Monitoring by Trustees:
1. In order to ensure timely recovery of investments of the segregated portfolio, trustees will ensure
that:
a. The AMC puts in sincere efforts to recover the investments of the segregated portfolio.
b. Upon recovery of money, whether partial or full, it shall be immediately distributed to the
investors in proportion to their holding in the segregated portfolio. Any recovery of amount of
the security in the segregated portfolio even after the write off shall be distributed to the
investors of the segregated portfolio.
c. An action taken report on the efforts made by the AMC to recover the investments of the
segregated portfolio is placed in every trustee meeting till the investments are fully recovered
/ written-off.
d. The trustees shall monitor the compliance of guidelines prescribed by SEBI in this regard and
disclose in the half-yearly trustee reports filed with SEBI, the compliance in respect to every
segregated portfolio created.
2. In order to avoid misuse of the segregated portfolio facility, the Trustees have ensured that the
AMC has a mechanism in place to negatively impact the performance incentives of the Fund
Manager, Chief Investment Officer (CIO), etc involved in investment process of securities under
the segregated portfolio, mirroring the existing mechanism for performance incentives of the
AMC, including claw back of such amount to the segregated portfolio of the Scheme.
Numerical Illustration explaining how segregated portfolios will work:
A. Before Segregation:
Total Debt Portfolio
Total investors in the Scheme: 2 Units Amount Portfolio Value
Investor A 30,000 3,75,000 Debt A 5,00,000
Investor B 50,000 6,25,000 Debt B 3,00,000
Debt C 2,00,000
Total 80,000 10,00,000 Total 10,00,000
NAV (Full Portfolio): Rs. 12.5
B. ‘Debt B’ instrument is downgraded. Value of the security falls from 3,00,000 to 2,80,000
and portfolio is segregated
Main Portfolio
Investors Units Amount Portfolio Value
Investor A 30,000 2,62,500 Debt A 5,00,000
Investor B 50,000 4,37,500 Debt C 2,00,000

25
Total 80,000 7,00,000 Total 7,00,000
NAV (Main Portfolio): Rs. 8.75
Segregated Portfolio
Investors Units Amount Portfolio Value
Investor A 30,000 1,05,000 Debt B 2,80,000
Investor B 50,000 1,75,000
Total 80,000 2,80,000 Total 2,80,000
NAV (Segregated Portfolio): Rs. 3.5
Notes:
 Investors who invest / subscribe to the units of the Scheme post creation of segregated portfolio
shall be allotted units in the Main portfolio only.
 Investors redeeming their units post creation of segregated portfolio will get redemption
proceeds based on NAV of main portfolio and will continue to hold units in Segregated
Portfolio
 No redemption and / or subscription shall be allowed in the segregated portfolio
 Units of segregated portfolio shall be listed on a recognized stock exchange
For detailed process for creation of segregated portfolios, illustration on how segregated portfolios will
work, etc. please refer to Statement of Additional Information (SAI) available on the Mutual Fund’s
website.
D. WHERE WILL THE SCHEME INVEST?
The corpus of the Scheme will be invested in various types of debt and money market instruments
(including but not limited to) such as:
1. Securities issued, created, guaranteed or supported by the Central Government or a State
Government (including but not limited to coupon bearing bonds, zero coupon bonds and treasury
bills / cash management bills)
2. Fixed rate and floating rate Debt instruments (including non convertible portion of convertible
instruments) issued by Companies / institutions promoted / owned / controlled by the Central or
State Governments, domestic government agencies, quasi-government or local / statutory bodies,
which may or may not carry a Central/State Government guarantee.
3. Fixed rate and floating rate Debt securities (including non convertible portion of convertible
instruments) issued by companies, banks, financial institutions and other bodies corporate (both
public and private sector undertakings) including Bonds (coupon bearing / zero coupon),
Debentures, Notes, Strips, etc.
4. Fixed rate and floating rate Securitised Debt
5. Certificate of Deposits (CDs), Commercial Paper (CPs), Bills Rediscounting, TREPS, Repo/Reverse
repo in G-sec/corporate debt and other Money Market Instruments as may be permitted by SEBI /
RBI from time to time.
6. Derivatives instruments as may be permitted by SEBI/RBI from time to time
7. Units of mutual fund schemes / ETF
8. Units issued by REITs & InvITs
9. Permitted foreign securities including overseas exchange traded funds (ETFs)
10.Debt instruments having Structured Obligations and Credit Enhancements.
11.Any other debt and money market instruments as may be permitted by SEBI/ RBI from time to time.
Total Holdings
Investors Portfolio Units Amount Total
Investor A Main 30,000 2,62,500 3,67,500
Segregated 30,000 1,05,000
Investor B Main 50,000 4,37,500 6,12,500
Segregated 50,000 1,75,000

26
The securities mentioned above and such other securities the Scheme is permitted to invest in could be
listed, unlisted, publicly offered, privately placed, through negotiated deals, secured, unsecured, of
various ratings or unrated as well as of various maturity.
For the purpose of further diversification and liquidity, the Scheme may invest in another scheme
managed by the same AMC or by the AMC of any other Mutual Fund without charging any fees on
such investments, provided that aggregate inter-scheme investment made by all schemes managed by
the same AMC or by the AMC of any other Mutual Fund shall not exceed 5% of the net asset value of
the Fund.
The scheme may invest the funds of the scheme in short term deposits of scheduled commercial banks
as permitted under extant regulations. The Scheme may also enter into repurchase and reverse
repurchase obligations in all securities held by it as per the guidelines and regulations applicable to such
transactions.
NOTE ON DEBT MARKET & MONEY MARKET IN INDIA
The Indian debt markets are one of the largest such markets in Asia. Government and Public Sector
enterprises are predominant borrowers in the market. While interest rates were regulated till a few years
back, there has been a rapid deregulation and currently both the lending and deposit rates are market
determined.
The debt markets are developing fast, with the rapid introduction of new instruments including Foreign
Portfolio Investors are also allowed to invest in Indian debt markets now. There has been a considerable
increase in the trading volumes in the market. The trading volumes are largely concentrated in the
Government of India Securities, which contribute a significant proportion of the daily trades.
The money markets in India essentially consist of the call money market (i.e. market for overnight and
term money between banks and institutions), repo transactions (temporary sale with an agreement to
buy back the securities at a future date at a specified price), commercial papers (CPs, short term
unsecured promissory notes, generally issued by corporates), certificate of deposits (CDs, issued by
banks) and Treasury Bills & Cash Management Bills (issued by RBI). In a predominantly institutional
market, the key money market players are banks, financial institutions, insurance companies, mutual
funds, primary dealers and corporates.
Following table exhibits various debt instruments along with indicative yields as on January 19, 2021:
Instruments Yield level (% per annum)
G – Sec 5 year 5.50%
G – Sec 10 year 5.91%
CP’s 3 months 3.35%
CD’s 3 months 3.55%
CP’s 1 year 4.15%
CD’s 1 year 3.95%
NON PSU
Corporate Debentures AAA 3 year 4.95%
PSU
The actual yields will, however, vary in line with general levels of interest rates and debt/money market
conditions prevailing from time to time.
The mutual fund or AMC and its empanelled brokers have not given and shall not give any indicative
portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised

27
not to rely on any communication regarding indicative yield/ portfolio with regard to the scheme.
E. INVESTMENT STRATEGY
The Scheme seeks to invest predominantly in floating rate debt instruments which shall also include
fixed rate debt instruments converted to floating rate exposures using swaps/derivatives. Some portion
of the scheme may also be invested in fixed rate securities, money market securities and other such
instruments. Money Market securities include cash and cash equivalents.
The aim of the investment strategy is to generate relatively stable returns through investment in a
portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating
rate returns and money market instruments, along with allocation to derivatives like swaps and FRAs
effectively with the objective of achieving relatively stable returns while minimizing interest rate risk.
The actual percentage of investments in various floating and fixed interest rate securities and the
position of derivatives will be decided after considering the prevailing economic environment
(including interest rates and inflation), the performance of the corporate sector and general liquidity,
political conditions and other such factors impacting the economy and markets.
INVESTMENT IN DERIVATIVES
The following information provides a basic idea as to the nature of the derivative instruments proposed
to be used by the Scheme and the risks attached there with.
Derivatives Strategy
The Scheme may use derivatives instruments like Interest Rate Swaps, Forward Rate Agreements,
Interest Rate Futures or such other derivative instruments as may be introduced from time to time and
in the manner permitted by SEBI/RBI from time to time.
Advantages of Derivatives:
Derivatives provide unique flexibility to the Scheme to hedge part of its portfolio. Some of the
advantages of specific derivatives are as under:
Interest Rate Swaps (IRS)
An IRS is an agreement between two parties to exchange stated interest obligations for an agreed period
in respect of a notional principal amount. The most common form is a fixed to floating rate swap where
one party receives a fixed (pre-determined) rate of interest while the other receives a floating (variable)
rate of interest.
In terms of SEBI circular no. Cir/IMD/DF/11/2010 dated August 18, 2010, Mutual Funds may enter
into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has
to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such
cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to
a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.
Basic Structure Of A Swap
Let us assume the Scheme holds a fixed rate bond with an interest rate (coupon) of 6% p.a. The Scheme
can enter into an IRS with another market participant (Counter party) to hedge this risk and convert it
into a floating rate instrument.
The following is an illustration of how an Interest rate swap works:
- The Scheme contracts to pay a fixed rate, say 6% p.a., and receive a floating rate (say overnight
MIBOR).
- This transaction is done for a notional principal amount equal to the value of the investment,
say INR 10 crore.
- The counter party pays floating rate (overnight MIBOR) and receives fixed rate, 6% p.a.
- Deal tenor is say 3 months.

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At the end of the tenor, the following exchange will take place:
- The scheme pays at the rate of 6% p.a. i.e. INR 10 crore * 6% * 91/365 = INR 14,95,890
- The counter party pays a compounded MIBOR rate for 3 months, say 6.25%, which effectively
works out to INR 15,58,219
- In practice, however, the difference of the two amounts is settled. In this case counter party will
pay the scheme INR 62,329.
Please note that the above example is hypothetical in nature and the interest rates are assumed. The
actual return may vary based on actual and depends on the interest rate prevailing at the time the swap
agreement is entered into.
The AMC retains the right to enter into such derivative transactions as may be permitted by the
applicable regulations from time to time.
Forward Rate Agreement (FRA)
A FRA is an agreement between two parties to pay or receive the difference between an agreed fixed
rate (the FRA rate) and the interest rate (reference rate) prevailing on a stipulated future date, based on
a notional principal amount for an agreed period. The only cash flow is the difference between the FRA
rate and the reference rate. As is the case with IRS, the notional amounts are not exchanged in FRAs.
Interest Rate Future (IRF)
Interest Rate Futures means a standardized interest rate derivative contract traded on a recognized stock
exchange to buy or sell a notional security or any other interest bearing instrument or an index of such
instruments or interest rates at a specified future date, at a price determined at the time of the contract.
Exchange traded IRFs are standardised contracts based on a notional coupon bearing Government of
India (GOI) security currently.
As there is an inverse relationship between interest rate movement and underlying bond prices and the
futures price also moves in tandem with the underlying bond prices. If the Fund Manager has a view
that interest rates will rise in the near future and intends to hedge the risk from rise in interest rates; the
Fund Manager can do so by taking short position in IRF contracts.
If the Fund Manager is of the view that the interest rates will go down the Fund Manager will buy IRF
to participate in appreciation.
Example:
The scheme holds cash & cash equivalent and expects that the interest rate will go down and intends to
take directional position. Accordingly, the fund manager shall buy IRF –
 Trade Date – January 1, 2019
 Futures Delivery date – April 1, 2019
 Current Futures Price - Rs. 102.00
 Futures Bond Yield- 8.85%
 Trader buys 200 contracts of the April 2019 10 Year futures contract of face value of Rs.1000 on
NSE on January 1, 2019 at Rs. 102.00
Closing out the Position
 Date: January 7, 2019
 Futures market Price – Rs. 105.00
 Trader sells 200 contracts of April 2019 10 year futures contract of face value of Rs.1000 at Rs.
105 and squares off his position
 Therefore total profit for trader 200*1000*(105 – 102) is Rs.6,00,000
Exposure to Interest Rate Derivatives shall be within the position limits as prescribed by SEBI vide
circulars no. CIR/MRD/DRMNP/11/2015 dated June 12, 2015 and Circular No.

29
SEBI/HO/MRD/CIR/P/2019/103 dated September 26, 2019.
Hedging
Debt securities are exposed to the risk of rising interest rates, which in turn results in the reduction in
the value and such impact can be seen in the value of the portfolio of the scheme. Under such
circumstances, in order to hedge the fall in the value of the portfolio of the scheme due to falling bond
prices, the fund manager may sell IRF contracts.
Example:
Date: January 01, 2019
Spot price of Security: Rs 101.80
Futures price of IRF Contract: Rs 102.00
On January 01, 2019, the Fund Manager bought 2000 GOI securities from spot market at Rs 101.80.
The Fund Manager anticipates that the interest rate will rise in near future, therefore to hedge the
exposure in underlying security the Fund Manager sells March 2019, Interest Rate Futures contracts at
Rs 102.00.
On February 01, 2019 due to increase in interest rate:
Spot price of Security: Rs 100.80
Futures Price of IRF Contract: Rs 101.10
Loss in underlying market will be (101.80 - 100.80)*2000 = Rs 2000
Profit in the Futures market will be (101.10 – 102.00)*2000 = Rs 1800
Imperfect hedging:
Use of IRF may result in imperfect hedging when the IRF used for hedging the interest rate risk has
different underlying security(s) than the existing position being hedged.
Example of imperfect hedge due to use of IRF:
Assume the portfolio of market value worth INR 100 crore has a modified duration of 5. This is being
hedged with an IRF that has a modified duration of 10.
Imperfect Hedging cannot exceed 20% of Portfolio. The maximum extent of short position that may be
taken in IRFs is as below:
(Portfolio Modified Duration * Market Value of Portfolio)
(Futures Modified Duration * Futures Price/PAR)
Consider that we choose to hedge 20% of portfolio, as below:
(5 * (0.2*100))
=
INR 9.90
Crores
(10 * 101 /100)
Hence the scheme can sell IRFs worth INR 9.90 Crores and with duration of 10 to hedge INR 20 crore
of portfolio with a duration of 5.
INVESTMENT IN REPO IN CORPORATE DEBT SECURITIES
SEBI has vide CIRCULAR no. CIR / IMD / DF / 19 / 2011 dated November 11, 2011 enabled mutual
funds to participate in repos in corporate debt securities as per the guidelines issued by RBI from time

30
to time and subject to few conditions listed in the circular.
The circular requires the Trustees and the Asset Management Companies to frame guidelines about,
inter alia, the following in context of these transactions, keeping in mind the interest of investors in the
scheme:
i. Category of counterparty
ii. Credit rating of counterparty
iii. Tenor of collateral
iv. Applicable haircuts
Conditions applicable (as per SEBI circular):
a) The gross exposure of any mutual fund scheme to repo transactions in corporate debt securities
shall not be more than 10% of the net assets of the concerned scheme.
b) The cumulative gross exposure through repo transactions in corporate debt securities along with
equity, debt, derivatives, REITs & InvITs and across various other asset classes in which the
Scheme is permitted to invest shall not exceed 100% of the net assets of the Scheme.
c) Mutual funds shall participate in repo transactions only in AAA rated corporate debt securities.
d) In terms of Regulation 44 (2) of the Securities and Exchange Board of India (Mutual Funds)
Regulations, 1996, mutual funds shall borrow through repo transactions only if the tenor of the
transaction does not exceed a period of six months.
e) Mutual funds shall ensure compliance with the Seventh Schedule of the Mutual Funds Regulations
about restrictions on investments, wherever applicable, with respect to repo transactions in
corporate debt securities.
f) The details of repo transactions of the scheme in corporate debt securities, including details of
counterparties, amount involved and percentage of NAV shall be disclosed to investors in the half
yearly portfolio statements and to SEBI in the half yearly trustee report.
g) To enable the investors in the mutual fund schemes to take an informed decision, the concerned
Scheme Information Document shall disclose the following:
i. The intention to participate in repo transactions in corporate debt securities in accordance with
directions issued by RBI and SEBI from time to time;
ii. The exposure limit for the scheme; and
iii. The risk factors associated with repo transactions in corporate bonds
Guidelines to be followed by IDFC Mutual Fund:
The following guidelines shall be followed by IDFC Mutual Fund for participating in repo in corporate
debt security:
i. Category of counterparty & Credit rating of counterparty
All the counterparties with whom IDFC Mutual Fund currently deals in repo (SLR) shall be eligible for
corporate bonds repo subject to execution of corporate bond repo agreement.
ii. Tenor of Repo
Tenor of repo shall be capped to 3 months as against maximum permissible tenor of 6 months. Any
repo for a tenor beyond 3 months shall require prior approval from investment committee of the fund.
There shall be no restriction / limitation on the tenor of collateral.
iii. Applicable haircut
A haircut of minimum 5% or such other amount specified by SEBI / RBI, whichever higher, from on
the market value of the underlying security irrespective of the tenor to adjust for the illiquidity of the
underlying instrument. The haircut % mentioned herein is a function of how market practice evolves
with respect to corporate bond repo. Prior approval of the Investment committee shall be sought for
change in the haircut from existing 5% to such other % as deemed fit.

31
iv. Additional internal investment limit:
Any scheme shall not lend / borrow more than 10% of its corpus in repo against corporate bonds or 5%
of total AUM of the Mutual fund (excluding Fund of fund) whichever is lower.
INVESTMENT IN SECURITISED DEBT
1. How the risk profile of securitized debt fits into the risk appetite of the scheme
Securitization is the fact or process of securitizing assets i.e. the conversion of loans into securities,
usually in order to sell them on to other investors. This is done by assigning the loans to a special
purpose vehicle (a trust), which in turn issues Pass-Through-Certificates (PTCs). These PTCs are
transferable securities with fixed income characteristics. The risk of investing in securitized debt is
similar to investing in debt securities.
However, it differs mainly in two respects. One, the liquidity of securitized debt is less than similar debt
securities. Two, for certain types of securitized debt (backed by mortgages etc.), there is an additional
pre-payment risk. Prepayment risk refers to the possibility that loans are repaid before they are due,
which may reduce returns if the re-investment rates are lower than initially envisaged.
Because of these additional risks, securitized debt typically offers higher yields than debt securities of
similar credit rating and maturity. After considering these additional risks, the investment is no different
from investment in a normal debt security. Considering the investment objective of the scheme, these
instruments with medium risk profile can be considered in the investment universe. Thus if the Fund
Manager judges that the additional risks are suitably compensated by the higher returns, he may invest
in securitized debt up to the limits specified in the asset allocation table.
2. Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier
securitized debt, etc
Investments in securitized debt will be done based on the assessment of the originator and the
securitized debt, which is carried out by the Fixed Income team based on the in-house research
capabilities as well as the inputs from the independent credit rating agencies and by following AMC’s
internal credit process.
Specifically, in order to mitigate the risk at the issuer/originator level the Fixed Income team will
consider various factors which will include -
− Track record of the originator in the specific business to which the underlying loans correspond to;
− Size and reach of the issuer/originator;
− Collection infrastructure & collection policies;
− Post default recovery mechanism & infrastructure;
− Underwriting standards & policies followed by originator;
− Management information systems;
− Financials of the originators including an analysis of leverage, NPAs, earnings, etc.
− Future strategy of the company for the specific business to which the underlying loans correspond to;
− Performance track record of Originator’s portfolio & securitized pools, if any;
− Utilization of credit enhancement in the prior securitized pools;
− The quality of information disseminated by the issuer/ originator; and
− The credit enhancement for different types of issuer/originator.
Also, assessment of business risk would be carried out which includes -
− Outlook for the economy (both domestic and global); and
− Outlook for the industry
In addition, the fund analyses the specific pool and the broad evaluation parameters are as follows:
− Average seasoning of the loans in the pool

32
− Average Loan to value ratio of the loans in the pool
− Average ticket size of the loans
− Borrower profile (salaried / self employed, etc)
− Geographical profile of the pool
− Tenure profile of the pool
− Obligor concentration
− Credit enhancement cover available over and above the historic losses on Originator’s portfolio
− Expected Prepayment rate in the specific asset class experienced by the originator in the past as well
as the industry
− Limited Liquidity and Price Risk.
The scheme will invest in securitized debt which are rated investment grade and above by a credit rating
agency recognized by SEBI. The investment team analyses the Rating Rationale in detail before
investing in any PTCs, and also discusses with the concerned rating agency on a need basis. The rating
agency would normally take into consideration the following factors while rating a securitized debt:
- Credit risk at the asset/originator/portfolio/pool level
The quality of the pool is a crucial element in assessing credit risk. In the Indian context, generally,
pools are ‘cherry-picked’ using positive selection criteria. To protect the investor from adverse selection
of pool contracts, the rating agencies normally take into consideration pool characteristics such as pool
seasoning (seasoning represents the number of installments paid by borrower till date: higher seasoning
represents better quality), over dues at the time of selection and Loan to Value (LTV). To assess its risk
profile vis-à-vis the overall portfolio, the pool is analyzed with regard to geographical location,
borrower profile, LTV, and tenure.
- Counterparty risk
This includes Servicer Risk, co-mingling risk etc. The rating agencies generally mitigate such risks
though the usage of stringent counterparty selection and replacement criteria to reduce the risk of
failure.
- Bankruptcy risk
- Of the Originator –
• Normally, specific care is taken in structuring the securitization transaction so as to minimize the risk
of the sale to the trust not being construed as a 'true sale'.
It is also in the Interest of the originator to demonstrate the transaction as a true sell to get the necessary
revenue recognition and tax benefits.
- Of the Investors’ agent
• All possible care is normally taken in structuring the transaction and drafting the underlying
documents so as to provide that the assets/receivables if and when held by Investor’s Agent is held as
agent and in Trust for the Investors and shall not form part of the personal assets of Investor’s Agent.
- Legal risks
The rating agency normally conducts a detailed study of the legal documents to ensure that the investors'
interest is not compromised and relevant protection and safeguards are built into the transaction.
Various market risks like interest rate risk, macro-economic risks Assessment of risks related to
business for example outlook for the economy, outlook for the industry and factors specific to the
issuer/originator.
3. Risk mitigation strategies for investments with each kind of originator
The examples of securitized assets which may be considered for investment by the Scheme and the
various risk mitigation parameters (please read in continuation with point 2 above), which will be
considered include;
A) Asset backed securities issued by banks or nonbanking finance companies.
Underlying assets may include receivables from loans against cars, commercial vehicles, construction
equipment or unsecured loans such as personal loans, consumer durable loans. The various factors
which will be usually considered while making investments in such type of securities include profile of

33
the issuer, analysis of underlying loan portfolio – nature of asset class, seasoning of loans, geographical
distribution of loans and coverage provided by credit-cum-liquidity enhancements.
A) Mortgage backed securities issued by banks or housing finance companies, where underlying assets
are comprised of mortgages/home loan.
The various factors which will be usually considered while making investments in such type of
securities include issuer profile of the issuer, quality of underlying portfolio, seasoning of loans,
coverage provided by credit-cum-liquidity enhancements and prepayment risks.
B) Single loan securitization, where the underlying asset comprises of loans issued by a bank/non-
banking finance company.
The factors which will be usually considered while making investments in such type of securities
include assessment of credit risk associated with the underlying borrower as well as the originator. The
Fixed Income team will adhere to the AMC’s internal credit process and perform a detailed review of
the underlying borrower prior to making investments. This analysis is no different from the analysis
undertaken by Fund when it invests in Debentures or Commercial papers issued by the same borrower.
Critical Evaluation Criteria
Typically, the Fund would avoid investing in securitization transaction (without specific risk mitigation
strategies / additional cash/security collaterals/ guarantees) if there are concerns on the following issues
regarding the originator / underlying issuer:
1. High default track record/ frequent alteration of redemption conditions/covenants
2. High leverage ratios – both on a standalone basis as well on a consolidated level/ group level
3. Higher proportion of re-schedulement of underlying assets of the pool or loan, as the case may be
4. Higher proportion of overdue assets of the pool or the underlying loan, as the case may be
5. Poor reputation in market
6. Insufficient track record of servicing of the pool or the loan, as the case may be.
Further, investments in securitized debt will be done in accordance with the investment restrictions
specified under the SEBI Regulations/ this Scheme Information Document which would help in
mitigating certain risks.
4. The level of diversification with respect to the underlying assets, and risk mitigation measures
for less diversified investments
The framework which will generally be applied by the Fund Manager while evaluating the investment
decision with respect to securitized debt will be as follows:
Characteristics/Type of Pool Mortgage Loan Single Sell Down Others
Approximate Average Maturity (in
Months)
Up to 10 years Case by case basis As and when new asset
classes of securitized
debt are introduced, the
investments in such
instruments will be
evaluated on a case by
case basis
Collateral margin (including cash,
guarantees, excess interest spread,
subordinate tranche)
In excess of 3% Case by case basis
Average Loan to Value Ratio 95% or lower Case by case basis
Average seasoning of the Pool Minimum 2
months
Case by case basis
Maximum single exposure range * < 5% Not applicable
Average single exposure
applicable range % *
< 5% Not applicable
* denotes % of a single ticket/loan size to the overall assets in the securitized pool.
$ Broad evaluation criteria as per point 3 above
Notes:
1. Retail pools are the loan pools relating to Car, 2 wheeler, micro finance and personal loans, wherein
the average loan size is relatively small and spread over large number of borrowers.

34
2. The information illustrated in the table above is based on current scenario relating to securitized debt
market and is subject to change depending upon the change in the related factors. In addition to the
framework stated in the table above, in order to mitigate the risks associated with the underlying assets
where the diversification is less, at the time of investment the Fixed Income team could consider various
factors including but not limited to -
− Size of the loan - the size of each loan is generally analyzed on a sample basis and an analysis of the
static pool of the originator is undertaken to ensure that the same matches with the static pool
characteristics. It also indicates whether there is high reliance on very small ticket size borrower which
could result in delayed and expensive recoveries.
− Average original maturity of the pool of underlying assets
− The analysis of average maturity of the pool is undertaken to evaluate whether the tenor of the loans
are generally in line with the average loans in the respective industry and repayment capacity of the
borrower.
− Loan to value ratio, average seasoning of the pool of underlying assets - these parameters would be
evaluated based on the asset class as mentioned in the table above.
− Default rate distribution - the Fixed Income team generally ensures that all the contracts in the pool
are current to ensure zero default rate distribution.
− Geographical distribution - the analysis of geographical distribution of the pool is undertaken to
ensure prevention of concentration risk.
− Credit enhancement facility - credit enhancement facilities in the form of cash collateral, such as fixed
deposits, bank guarantee etc could be obtained as a risk mitigation measure.
− Liquidity facility - these parameters will be evaluated based on the asset class as mentioned in the
table above.
− Structure of the pool of underlying assets – The structure of the pool of underlying assets would be
either single asset class or combination of various asset classes as mentioned in the table above. We
could add new asset class depending upon the securitization structure and changes in market
acceptability of asset classes.
5. Minimum retention period of the debt by originator prior to securitization
The minimum retention period of the debt by the originator prior to securitization and the minimum
retention percentage by originator of debts will be as per the guidelines/regulations issued by the
RBI/other regulatory agencies from time to time.
Also, please refer the table in point 4. The Fund will adopt that policy, whichever is stricter.
6. Minimum retention percentage by originator of debts to be securitized
Same as point 5 above.
7. The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt
of an originator and the originator in turn makes investments in that particular scheme of the
fund
An investment by the scheme in any security is done after detailed analysis by the Fixed Income team
and in accordance with the investment objectives and the asset allocation pattern of a scheme. All
investments are made on an arms-length basis without consideration of any investments
(existing/potential) in the schemes made by any party related/involved in the transaction. The robust
credit process ensures that there is no conflict of interests when a scheme invests in securitized debt of
an originator and the originator in turn makes investments in that particular scheme.
8. The resources and mechanism of individual risk assessment with the AMC for monitoring
investment in securitized debt
The resources for and mechanisms of individual risk assessment with the AMC for monitoring
investment in securitized debt are as follows:
− Fixed Income Team – Currently, the AMC has a team, which is responsible for credit research and
monitoring and fund management, for all exposures including securitized debt.
− Ratings are monitored for any movement – Based on the cash flow report and Fixed Income Team’s
view, periodic review of utilization of credit enhancement shall be conducted and ratings shall be
monitored accordingly.

35
− For legal and technical assistance with regard to the documentation of securitized debt instruments,
the team can make use of resources within the internal legal team and if required take help of our
external legal counsel as well.
As per the prevailing SEBI guidelines, the investments in securitised debt instruments will be shown as
a separate category under debt instruments in the half yearly disclosure of scheme portfolio.
INVESTMENT IN DEBT INSTRUMENTS HAVING CREDIT ENHANCEMENTS
The Scheme may invest in debt instruments having credit enhancements. 'Credit Enhancement' means
that the said Debt securities are backed by way of some form of explicit support from the parent or
group company of the issuer of the debt security or a third party. This credit support may be in the form
of corporate guarantee, a letter of comfort, a shortfall undertaking, pledge of shares, standby letter of
credit from a commercial bank or any other assets as collateral, for the payment of debt obligations. A
common form of credit enhancement is an unconditional & irrevocable guarantee from a higher rated
entity covering the issuer’s debt obligations. Such instruments carry a suffix 'CE' in their credit rating
(e.g. AAA(CE)).
Investment by the Scheme in debt instruments, having credit enhancements backed by equity shares
directly or indirectly, shall have a minimum cover of 4 times considering the market value of such
shares. Further, the AMC will ensure that the investment in debt instruments having credit
enhancements are sufficiently covered to address the market volatility and reduce the inefficiencies of
invoking of the pledge or cover, whenever required, without impacting the interest of the investors. In
case of fall in the value of the cover below the specified limit, the AMC will initiate necessary steps to
ensure protection of the interest of the investors.
INVESTMENT IN OVERSEAS FINANCIAL ASSETS/FOREIGN SECURITIES:
In terms of SEBI Circulars dated September 26, 2007, April 08, 2008 and November 5, 2020, each
mutual fund is permitted to invest up to maximum of US$ 600 million. The overall cap for the entire
mutual funds industry to invest in foreign securities is US$ 7 billion. The Scheme can invest in:
a. Foreign debt securities in the countries with fully convertible currencies, short term as well as long
term debt instruments with rating not below investment grade by accredited/registered credit rating
agencies
b. Money market instruments rated not below investment grade
c. Repos in the form of investment, where the counterparty is rated not below investment grade; repos
should not however, involve any borrowing of funds by mutual funds
d. Government securities where the countries are rated not below investment grade
e. Derivatives traded on recognized stock exchanges overseas only for hedging and portfolio
balancing with underlying as securities
f. Short term deposits with banks overseas where the issuer is rated not below investment grade
g. Units/securities issued by overseas mutual funds or unit trusts registered with overseas regulators
and investing in (a) aforesaid securities, (b) Real Estate Investment Trusts (REITs) listed in
recognized stock exchanges overseas or (c) unlisted overseas securities (not exceeding 10% of their
net assets).
The overall ceiling for investment in overseas ETFs that invest in securities is US $ 1 billion subject to
a maximum of US $ 200 million per mutual fund.
The restriction on the investments in mutual fund units upto 5% of net assets and prohibits charging of
fees, shall not be applicable to investments in mutual funds in foreign countries made in accordance
with SEBI Guidelines. However, the management fees and other expenses charged by the mutual fund
in foreign countries along with the management fee and recurring expenses charged to the domestic
mutual fund scheme shall not exceed the total limits on expenses as prescribed under Regulation 52(6).
Where the scheme is investing only a part of the net assets in the foreign mutual fund(s), the same
principle shall be applicable for that part of investment.

36
INVESTMENT IN DEBT INSTRUMENTS HAVING STRUCTURED OBLIGATIONS /
CREDIT ENHANCEMENTS
The Scheme may invest in debt instruments having structured obligations and credit enhancements,
subject to the limits specified by SEBI from time to time. Details of investments in debt instruments
having structured obligations or credit enhancement features will be disclosed distinctively in the
monthly portfolio of the Scheme.
Investment in debt instruments, having credit enhancements backed by equity shares directly or
indirectly, shall have a minimum cover of four times considering the market value of such shares.
Endeavour will be made to sufficiently cover investments in debt instruments having credit
enhancements, to address the market volatility and reduce the inefficiencies of invoking of the pledge
or cover, whenever required, without impacting the interest of investors. In case of fall in the value of
the cover below the specified limit, AMC will initiate necessary steps to ensure protection of the interest
of investors.
Procedure & Recording of Investment Decisions and Risk Control
Please refer to Statement of Additional Information (SAI).
SECURITIES LENDING
If permitted by SEBI Regulations, the Scheme may also engage in securities lending in accordance with
the applicable guidelines/regulations. Securities lending means lending a security to another person or
entity for a fixed period of time, at a negotiated compensation. The security lent will be returned by the
borrower on expiry of the stipulated period.
A maximum of 20% of the net assets will be deployed in securities lending and the maximum single
party exposure will be restricted to 5% of the net assets.
Engaging in securities lending is subject to risks related to fluctuations in the collateral value /
settlement / liquidity / counter party.
SHORT SELLING OF SECURITIES
If permitted by SEBI Regulations, the Scheme may engage in short selling of securities in accordance
with the guidelines / regulations issued by SEBI. Short sale of securities means selling of securities
without owning them.
Engaging in short sale of securities is subject to risks related to fluctuations in market price, and
settlement/ liquidity risks.
Portfolio Turnover
Portfolio turnover in the scheme will be a function of market opportunities. It is difficult to estimate
with any reasonable measure of accuracy, the likely turnover in the portfolio. The AMC will endeavor
to optimize portfolio turnover to optimize risk adjusted return keeping in mind the cost associated with
it. A high portfolio turnover rate is not necessarily a drag on portfolio performance and may be
representative of investment opportunities that exist in the market.
Being a debt scheme, disclosure of Portfolio Turnover ratio is not applicable to this scheme.
INVESTMENT BY THE AMC IN THE SCHEME
The AMC may invest in the Scheme from time to time. As per the Regulations, such investments are
permitted subject to disclosure being made in the Scheme Information Document. However, the AMC
shall not be entitled to charge any management fee on its investments in the Scheme.

37
Further, as required by the regulations, the AMC shall invest not less than 1% of the amount raised in
the NFO or Rs.50 lakhs, whichever is less, in the Growth option of the scheme and such investment
shall not be redeemed unless the scheme is wound up.
F. FUNDAMENTAL ATTRIBUTES
Following are the Fundamental Attributes of the scheme, in terms of Regulation 18 (15A) of the SEBI
(MF) Regulations:
(i) Type of the scheme : Please refer to section on INFORMATION ABOUT THE SCHEME
(ii) Investment Objective : Please refer to section on INFORMATION ABOUT THE SCHEME
(iii) Asset Allocation Pattern : Please refer to section on INFORMATION ABOUT THE SCHEME
(iv) Terms of Issue :
Redemption of Units : Please refer to UNITS AND OFFER section
Fees and Expenses : Please refer to FEES AND EXPENSES section
(v) Any Safety Net or Guarantee provided – None
In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustees shall ensure that
no change in the fundamental attributes of the Scheme or the trust or fee and expenses payable or any
other change which would modify the Scheme and affect the interests of Unit holders is carried out
unless:
A written communication about the proposed change is sent to each Unit holder and an advertisement
is given in one English daily newspaper having nationwide circulation as well as in a newspaper
published in the language of the region where the Head Office of the Mutual Fund is situated; and
The Unit holders are given an option for a period of 30 days to exit at the prevailing Net Asset Value
without any exit load.
G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?
The performance of the scheme will be benchmarked NIFTY Low Duration Debt Index.
The weighted average maturity of the benchmark index and its allocation across instruments such as
Commercial Paper, Certificate of Deposits, Corporate Bonds is representative of the Scheme's portfolio.
Hence, the benchmark index is most suited for comparing the performance of the Scheme.
H. WHO MANAGES THE SCHEME?
The Fund Manager(s) of the Scheme are Mr. Anurag Mittal and Mr. Arvind Subramanian. His
particulars are given below:
Name Age /
Qualification
Brief Experience Other schemes
managed / co-
managed by the fund
manager(s)
Mr. Anurag
Mittal
37 years / B.
Com (Hons),
C.A., M.Sc.
(Accounting &
Finance with
He is associated with IDFC AMC since
November 2015 and is responsible for
investments and fixed income fund
management.
Prior experience:
 IDFC Hybrid
Equity Fund
 IDFC Regular
Savings Fund

38
Name Age /
Qualification
Brief Experience Other schemes
managed / co-
managed by the fund
manager(s)
Associate
Director – Fund
Management
specialisation in
Finance) from
London School
of Economics &
Political Science
• HDFC Asset Management Company
Ltd. (September 2012 – October
2015) as Senior Manager
Investments, responsible for Dealing
& Research.
• Axis Asset Management Company
Limited (July 2009 – September
2012). Fund Manager – Investments,
responsible for Fund Management,
Dealing & Research.
• ICICI Prudential Life Insurance (June
2008 – June 2009) as a Manager of
Investments, responsible for Dealing
& Research.
• Bank of America (November 2006 –
June 2008) as an Analyst for
Corporate Debt Products and was
involved in research.
Mr Mittal has experience spanning of
over 13 years in Mutual Fund & Banking.
 IDFC Cash
Fund
 IDFC Low
Duration Fund
 IDFC Money
Manager Fund
 IDFC Banking
& PSU Debt
Fund
 IDFC Corporate
Bond Fund
 IDFC Fixed
Term Plans
Mr. Arvind
Subramanian
Vice President
- Fund
Management
34 years / MBA
(PGDM) and
B.E. (Electrical
& Electronics)
He is associated with IDFC AMC since
August 2011 and is responsible for
investments and fixed income fund
management since November 2015. He is
also handling credit analysis of
new/existing issuers.
Prior to that, he worked as a Senior
Analyst at ICRA Limited (April 2009 –
August 2011).
Mr Subramanian has an experience
spanning of over 11 years.
 IDFC Credit
Risk Fund
 IDFC Dynamic
Equity Fund
Dedicated fund manager for foreign/overseas investment:
Name Age /
Qualification
Brief Experience
Mr. Viraj
Kulkarni
Senior Manager -
Fund
Management
31 Years /
B.Tech.
(Electronics),
PGDM
(Finance),
CFA
He is associated with IDFC AMC since September 2015
and is the dedicated fund manager for foreign securities
since March 2016. He also undertakes equity research.
Prior experience:
 Franklin Templeton Asset Management (India) Pvt.
Ltd. as Management Trainee (May 2014 – September
2015).
 Goldman Sachs Services India as an Analyst for
Wealth Management Technology (June 2010 – May
2012).
Mr Kulkarni has an experience spanning of over 8 years in
Finance Industry.
Since the Scheme is a new scheme, tenure of the Fund Manager(s) is not available.

39
I. WHAT ARE THE INVESTMENT RESTRICTIONS?
Pursuant to Regulations, specifically the Seventh schedule and amendments thereto, the following
investment restrictions are currently applicable to the Scheme:
1. Investment in securities from the scheme’s corpus would be only in transferable securities in
accordance with Regulation 43 of Chapter VI of SEBI [Mutual Funds] Regulations, 1996.
2. The Scheme shall buy and sell securities on the basis of deliveries and shall in all cases of
purchases, take delivery of relevant securities and in all cases of sale, deliver the securities;
Provided that the Scheme may engage in short selling of securities in accordance with the
framework relating to short selling and securities lending and borrowing specified by SEBI;
Provided further that the Scheme may enter into derivatives transactions in a recognised stock
exchange, subject to the framework specified by SEBI;
Provided further that sale of government security already contracted for purchase shall be permitted
in accordance with the guidelines issued by the Reserve Bank of India in this regard.
3. The Mutual Fund shall, get the securities purchased or transferred in the name of the mutual fund
on account of the concerned scheme, wherever investments are intended to be of long term nature.
4. No investment shall be made in any Fund of Funds scheme.
5. The mutual fund shall not advance any loans for any purpose.
6. Debentures, irrespective of any residual maturity period (above or below one year), shall attract
the investment restrictions as applicable to debt instruments under clause 1 and 1 A of the VII
Schedule to the regulations.
7. The Scheme shall not invest more than 10% of its NAV in debt instruments comprising money
market instruments and non-money market instruments issued by a single issuer which are rated
not below investment grade by a credit rating agency authorised to carry out such activity under
the SEBI Act. Such investment limit may be extended to 12% of the NAV of the Scheme with the
prior approval of the Boards of the Trustee Company and the AMC;
Provided that such limit shall not be applicable for investments in Government Securities, treasury
bills and collateralized borrowing and lending obligations*;
Provided further that investment within such limit can be made in mortgaged backed securitised
debt which are rated not below investment grade by a credit rating agency registered with SEBI.
*With effect from November 5, 2018 collateralized borrowing and lending obligations has been
discontinued and replaced with Tri-party Repo
8. The Scheme shall not invest in unlisted debt instruments including commercial papers (CPs),
other than (a) government securities, (b) other money market instruments and (c) derivative
products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. which are used by
mutual funds for hedging.
However, Scheme may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding
10% of the debt portfolio of the Scheme subject to the condition that such unlisted NCDs have a
simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options,
fully paid up upfront, without any credit enhancements or structured obligations) and are rated
and secured with coupon payment frequency on monthly basis.

40
For the purpose of investment in debt instruments, listed debt instruments shall include listed and
to be listed debt instruments.
9. All investments by the Scheme in Commercial Papers (CPs) would be made only in CPs which
are listed or to be listed.
10. Investment in unrated debt and money market instruments, other than government securities,
treasury bills, derivative products such as Interest Rate Swaps, Interest Rate Futures, etc by the
Scheme shall be subject to the following:
a. Investments shall only be made in such instruments, including bills re-discounting, usance
bills, etc., that are generally not rated and for which separate investment norms or limits
are not provided in SEBI (Mutual Fund) Regulations, 1996 and various circulars issued
thereunder.
b. Exposure of the Scheme in such instruments, shall not exceed 5% of the net assets of the
Scheme.
c. All such investments shall be made with the prior approval of the Board of AMC and the
Board of Trustees.
11. The investment of the Scheme in the following instruments shall not exceed 10% of the debt
portfolio of the Scheme and the group exposure in such instruments shall not exceed 5% of the
debt portfolio of the Scheme:
a. Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is
below investment grade and
b. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above
investment grade
However, the above investment restriction shall not be applicable on investments in securitized
debt instruments.
12. The exposure in a particular sector (excluding investments in Bank CDs, TREPS, G-Secs, T-Bills
and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) under
the portfolio will not exceed 20% of the net assets on account of purchase.
An additional exposure to financial services sector (over and above the limit of 20%) not exceeding
10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing
Finance Companies (HFCs) only. Further, an additional exposure of 5% of the net assets of the
Scheme has been allowed for investments in securitized debt instruments based on retail housing
load portfolio and / or affordable housing loan portfolio.
Provided that the additional exposure to such securities issued by HFCs are rated AA and above
and these HFCs are registered with National Housing Bank (NHB) and the total investment/
exposure in HFCs shall not exceed 20% of the net assets of the scheme on account of purchase.
13. The total exposure of debt schemes in a group (excluding investments in securities issued by Public
Sector Units, Public Financial Institutions and Public Sector Banks) shall not exceed 20% of the
net assets of the scheme. Such investment limit may be extended to 25% of the net assets of the
scheme with the prior approval of the Board of the Trustee Company.
However, investment by debt mutual fund schemes in debt and money market instruments of group
companies of both the sponsor and asset management company shall not exceed 10% of the net
assets of the Scheme. Such investment limit may be extended to 15% of the net assets of the
Scheme with the prior approval of the Board of Trustees..
For this purpose, a group means a group as defined under regulation 2 (mm) of SEBI (Mutual
Funds) Regulations, 1996 and shall include an entity, its subsidiaries, fellow subsidiaries, its
holding company and its associates.
14. The Scheme may invest in any other mutual fund scheme without charging any fees, provided that

41
aggregate interscheme investment made by all schemes under the AMC or in schemes under the
management of any other AMC shall not exceed 5% of the net asset value of the mutual fund.
15. Transfer of investments from one scheme to another scheme in the same Mutual Fund is permitted
provided:
(a) such transfers are done at the prevailing market price for quoted instruments on spot basis and
in line provisions of SEBI Circular dated September 24, 2019 and as may be specified by SEBI
from time to time, in this regard; and
(b) the securities so transferred shall be in conformity with the investment objective of the Scheme
to which such transfer has been made.
16. The Scheme shall not make any investment in
 any unlisted security of an associate or group company of the sponsor; or
 any security issued by way of private placement by an associate or group company of the
sponsor; or
 the listed securities of group companies of the sponsor which is in excess of 25% of the net
assets.
17. Pending deployment of the funds of the Scheme in securities in terms of the investment objective
of the Scheme, the AMC may park the funds of the Scheme in short term deposits of scheduled
commercial banks, subject to the guidelines issued by SEBI from time to time. Currently, the
following guidelines/restrictions are applicable for parking of funds in short term deposits:
 “Short Term” for such parking of funds by the Scheme shall be treated as a period not exceeding
91 days.
 Such short-term deposits shall be held in the name of the Scheme.
 The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the
scheduled commercial banks put together. However, such limit may be raised to 20% with prior
approval of the Trustee.
 Parking of funds in short term deposits of associate and sponsor scheduled commercial banks
together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.
 The Scheme shall not park more than 10% of the net assets in short term deposit(s),with any
one scheduled commercial bank including its subsidiaries.
 The Scheme shall not park funds in short term deposit of a bank which has invested in that
Scheme. The Trustees / AMCs shall ensure that the bank in which the Scheme has short term
deposit do not invest in the Scheme until the Scheme has STD with such bank.
 The AMC shall not charge any investment management and advisory fees for parking of funds
in short term deposits of scheduled commercial banks.
However, the above provisions will not apply to term deposits placed as margins for trading in
cash and Derivatives market.
18. The Fund shall not borrow except to meet temporary liquidity needs of the Scheme for the purpose
of repurchase/redemption of Unit or payment of interest and/or dividend to the Unit holder. The
Scheme shall not borrow more than 20% of its net assets and the duration of the borrowing shall
not exceed a period of 6 months.
19. Investment restriction applicable for investment in REIT and InvIT
i. No mutual fund under all its schemes shall own more than 10% of units issued by a single
issuer of REIT and InvIT; and
ii. A mutual fund scheme shall not invest –
i. more than 10% of its NAV in the units of REIT and InvIT; and
ii. more than 5% of its NAV in the units of REIT and InvIT issued by a single issuer.
Provided that the limits mentioned in sub-clauses (i) and (ii) above shall not be applicable for
investments in case of index fund or sector or industry specific scheme pertaining to REIT and
InvIT.
20. The Scheme will comply with provisions specified in Circular dated August 18, 2010 related to

42
overall exposure limits applicable for derivative transactions as stated below:
a) The cumulative gross exposure through equity, debt, derivative positions, REITs & InvITs
and across various other asset classes in which the Scheme is permitted to invest should not
exceed 100% of net assets of the Scheme.
b) Mutual Funds shall not write options or purchase instruments with embedded written options.
c) The total exposure related to option premium paid must not exceed 20% of the net assets of
the Scheme.
d) Cash or cash equivalents with residual maturity of less than 91 days may be treated as not
creating any exposure.
e) Exposure due to hedging positions may not be included in the above mentioned limits subject
to the following:
i. Hedging positions are the derivative positions that reduce possible losses on an existing
position in securities till the existing position remains.
ii. Hedging position cannot be taken for existing derivative positions. Exposure due to
such positions shall have to be added and treated under limits mentioned in point a).
iii. Any derivative instrument used to hedge the underlying security as the existing position
being hedged.
iv. The quantity of underlying associated with the derivative position taken for hedging
purpose does not exceed the quantity of the existing position against which hedge has
been taken.
f) Mutual Funds may enter into plain vanilla interest rate swaps for hedging purposes. The
counterparty in such transactions has to be an entity recognized as a market maker by RBI.
Further, the value of the notional principal in such cases must not exceed the value of respective
existing assets being hedged by the Scheme. Exposure to a single counterparty in such
transactions should not exceed 10% of the net assets of the Scheme.
g) Exposure due to derivative positions taken for hedging purposes in excess of the underlying
position against which the hedging position has been taken, shall be treated under the limits
mentioned in point a) above.
h) Definition of Exposure in case of Derivatives Positions – Each position taken in derivatives
shall have an associated exposure as defined under. Exposure is the maximum possible loss that
may occur on a position. However, certain derivative positions may theoretically have
unlimited possible loss. Exposure in derivative positions shall be computed as follows:
Position Exposure
Long Future Futures Price * Lot Size * Number of Contracts
Short Future Futures Price * Lot Size * Number of Contracts
Option Bought Option Premium Paid * Lot Size * Number of Contracts
Exposure limit for participating in Interest Rate Futures
In addition to the existing provisions of SEBI Circular No. Cir/IMD/DF/11/2010 dated August 18,
2010, the following has been prescribed vide SEBI Circular No. SEBI/HO/IMD/DF2/
CIR/P/2017/109 dated September 27, 2017:
i. To reduce interest rate risk in a debt portfolio, mutual funds may hedge the portfolio or part of
the portfolio (including one or more securities) on weighted average modified duration basis
by using Interest Rate Futures (IRFs). The maximum extent of short position that may be taken
in IRFs to hedge interest rate risk of the portfolio or part of the portfolio, is as per the formula
given below:
(Portfolio Modified Duration * Market Value of the Portfolio)
(Futures Modified Duration * Future Price / PAR)
ii. In case the IRF used for hedging the interest rate risk has different underlying security(s) than
the existing position being hedged, it would result in imperfect hedging.
iii. Imperfect hedging using IRFs may be considered to be exempted from the gross exposure, upto
maximum of 20% of the net assets of the Scheme, subject to the following:

43
01. Exposure to IRFs is created only for hedging the interest rate risk based on the
weighted average modified duration of the bond portfolio or part of the portfolio.
02. Mutual Funds are permitted to resort to imperfect hedging, without it being considered
under the gross exposure limits, if and only if, the correlation between the portfolio
or part of the portfolio (excluding the hedged positions, if any) and the IRF is at least
0.9 at the time of initiation of hedge. In case of any subsequent deviation from the
correlation criteria, the same may be rebalanced within 5 working days and if not
rebalanced within the timeline, the derivative positions created for hedging shall be
considered under the gross exposure computed in terms of Para 20 a) above. The
correlation should be calculated for a period of last 90 days.
Explanation: If the fund manager intends to do imperfect hedging upto 15% of the
portfolio using IRFs on weighted average modified duration basis, either of the
following conditions need to be complied with:
I. The correlation for past 90 days between the portfolio and the IRF is at least
0.9 or
II. The correlation for past 90 days between the part of the portfolio (excluding
the hedged portions, if any) i.e. at least 15% of the net asset of the Scheme
(including one or more securities) and the IRF is at least 0.9.
03. At no point of time, the net modified duration of part of the portfolio being hedged
should be negative.
04. The portion of imperfect hedging in excess of 20% of the net assets of the Scheme
should be considered as creating exposure and shall be included in the computation
of gross exposure in terms of 20.a) above.
iv. The basic characteristics of the Scheme should not be affected by hedging the portfolio or part
of the portfolio (including one or more securities) baseed on the weighted average modified
duration.
Explanation: In case of long term bond fund, after hedging the portfolio based on the modified
duration of the portfolio, the net modified duration should not be less than the minimum
modified duration of the portfolio as required to consider the fund as a long term bond fund.
v. The interest rate hedging of the portfolio should be in the interest of investors.
21. In accordance with provisions of SEBI Circular dated November 6, 2020, the Scheme shall hold
at least 10% of net assets in liquid assets. For this purpose, liquid assets shall include Cash,
Government Securities, T-Bills and Repo on Government Securities. In case, the exposure in such
liquid assets / securities falls below the threshold of 10%, the AMC shall ensure compliance with
above requirement before making any further investments.
The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds
from time to time.
Apart from the Investment Restrictions prescribed under the Regulations, internal risk parameters for
limiting exposure to a particular scrip may be prescribed from time to time to respond to the dynamic
market conditions and market opportunities.
The AMC/Trustee may alter these investment restrictions from time to time to the extent SEBI
regulations/applicable rules change/permit so as to achieve the investment objective of the scheme.
Such alterations will be made in conformity with SEBI regulations.
The investment restrictions specified shall be applicable at the time of making the investment and it is
clarified that changes need not be effected, merely by reason of appreciation or depreciation in value.
In case the limits are exceeded due to reasons beyond the control of the AMC (such as receipt of any
corporate or capital benefits or amalgamations), the AMC shall adopt necessary measures of prudence

44
to reset the situation having regard to the interest of the investors.
J. HOW HAS THE SCHEME PERFORMED?
This scheme is a new scheme and does not have any performance track record
K. SCHEMES PORTFOLIOS HOLDINGS
This scheme is a new scheme and does not have any portfolio holdings. Monthly portfolio statement of
the Scheme will be hosted on website – http://www.idfcmf.com/Downloads.aspx
L. INVESTMENT BY BOARD OF DIRECTORS, FUND MANAGERS AND KEY
PERSONNELS
This scheme is a new scheme and hence this disclosure is currently not applicable.
Categories Investments in the scheme ( in Rs. Cr)
AMC’s Board of Directors N. A.
Fund Manager N. A.
Other Key Personnel N. A.
M. COMPARISON WITH OTHER DEBT SCHEMES OF IDFC MUTUAL FUND:
Name of the scheme Category of the
scheme
Type of scheme
IDFC Dynamic Bond
Fund
Dynamic Bond An open ended dynamic debt scheme investing across
duration
IDFC Bond Fund -
Income Plan
Medium to
Long Duration
Fund
An open ended medium term debt scheme investing in
instruments such that the Macaulay duration of the
portfolio is between 4 years and 7 years
IDFC Bond Fund -
Medium Term Plan
Medium
Duration Fund
An open ended medium term debt scheme investing in
portfolio is between 3 years and 4 years
IDFC Government
Securities Fund -
Investment Plan
Gilt Fund An open ended debt scheme investing in government
securities across maturities
IDFC Credit Risk
Fund
Credit Risk
Fund
An open ended debt scheme predominantly investing in
AA and below rated corporate bonds
IDFC Bond Fund -
Short Term Plan
Short Duration
Fund
An open ended short term debt scheme investing in
portfolio is between 1 year and 3 years
IDFC Banking & PSU
Debt Fund
Banking and
PSU Fund
debt instruments of banks, Public Sector Undertakings,
Public Financial Institutions and Municipal Bonds
IDFC Corporate Bond
Fund
Corporate Bond
Fund
AA+ and above rated corporate bonds
IDFC Government
Securities Fund -
Constant Maturity
Plan
Gilt Fund with
10 year constant
duration
An open ended debt scheme investing in government
securities having a constant maturity of 10 years
IDFC Cash Fund Liquid Fund An open ended liquid scheme
IDFC Low Duration
Fund
Low Duration
Fund
An open ended low duration debt scheme investing in
portfolio is between 6 months and 12 months
IDFC Money Manager
Fund
Money Market
Fund
An open ended debt scheme investing in money market
instruments

45
Name of the scheme Category of the
scheme
Type of scheme
IDFC Ultra Short
Term Fund
Ultra Short
Duration Fund
An open ended ultra - short term debt scheme
investing in instruments with Macaulay duration
between 3 months and 6 months
IDFC Overnight Fund Overnight Fund An Open-ended Debt Scheme investing in overnight
securities
IDFC Floating Rate
Fund
Floater Fund An Open-ended Debt Scheme predominantly investing
in floating rate instruments (including fixed rate
instruments converted to floating rate exposures using
swaps/derivatives)

46
III. UNITS AND OFFER
This section provides details you need to know for investing in the scheme.
A. NEW FUND OFFER (NFO) DETAILS
New Fund Offer (This is the period during which a new scheme sells its units to the investors)
NFO opens on: February 10, 2021
NFO closes on: February 16, 2021
The Trustees reserve the right to extend the closing date, subject to the condition that subscription list
shall be kept open for not more than 15 days. Any extension to the subscription list (not exceeding the
NFO period limit of 15 days) shall be notified by giving notice in two newspapers and a suitable display
of the notice at official points of acceptance of transactions. The AMC also reserve the right to close
the subscription list earlier by giving at least one day’s prior notice in one English daily newspaper
having nation wide circulation as well as a newspaper published in the language of the region where
the head office of the mutual fund is situated.
New Fund Offer Price (This is the period during which a new scheme sells its units to the investors.):
Rs 10/- per unit.
Minimum Amount for Application in the NFO
The minimum application amount shall be Rs.5,000/- and any amount thereafter. There would be no
maximum limit.
Minimum Target Amount during the NFO: Rs. 20,00,00,000/-
In accordance with the Regulations, if the scheme fails to collect the minimum subscription amount as
specified above, the Fund shall be liable to refund the money to the applicants.
In addition to the above, refund of subscription money to applicants whose applications are invalid for
any reason whatsoever will commence immediately after the allotment process is completed. Refunds
will be completed within 5 Business Days of close of New Fund Offer. If the Fund refunds the amount
after 5 Business Days, interest @ 15% per annum shall be paid by the AMC. Refund orders will be
marked ‘Account Payee Only’ and drawn in the name of applicant in the case of sole applicant and in
the name of first applicant in all other cases.
Maximum Amount to be raised (if any)
Not Applicable. The AMC reserves the right to specify maximum amount to be raised, at the time of
New Fund Offer.
PLANS AND OPTIONS OFFERED
Under the scheme, investors may choose either the following plans:
Regular Plan: Regular plan is for investors purchasing / subscribing units in this scheme through
distributors.
Direct Plan: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with
the Fund and is not available for investors who route their investments through a Distributor.
Investors subscribing under Direct Plan of a Scheme will have to indicate “Direct Plan” in the
application form e.g. “IDFC Floating Rate Fund - Direct Plan”. Investors should also indicate “Direct”

47
in the ARN column of the application form. However, in case Distributor code is mentioned in the
application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be
ignored and the application will be processed under Direct Plan and no commission will be paid to the
distributor. Further, where application is received for Regular Plan without Distributor code or “Direct”
mentioned in the ARN Column, the application will be processed under Direct Plan.
Both the Plans will have separate NAV and a common portfolio.
Both the plans shall have the following options:
- Growth Option
- Dividend Option
(i) Growth Option
The scheme will not declare dividend under this option. The income attributable to units under this
option will continue to remain invested in the scheme and will reflected in the Net Asset Value of units
under this option
(ii) Dividend Option
This option is suitable for investors seeking income by way of dividend. Under this option, the Fund
will endeavour to declare dividends as and when deemed fit by the Fund and/or on &/or before the
closure of the scheme. In case no dividend is declared during the tenure of the scheme or at closure, the
net surplus, if any, will remain invested and be reflected in the NAV.
Dividends, if declared, will be paid out of the net surplus of the Scheme to those Unitholders whose
names appear in the Register of Unitholders on the record date. The actual date for declaration of
dividend will be notified suitably to the Registrar. Unitholders are entitled to receive dividend within
30 days of the date of declaration of the dividend. However, the Mutual Fund will endeavour to make
dividend payments sooner to Unitholders. There is no assurance or guarantee to Unitholders as to the
rate of dividend distribution nor that dividends will be paid, though it is the intention of the Mutual
Fund to make dividend distributions. It should be noted that pursuant to payment of dividend, the NAV
of the dividend option of the Scheme would fall to the extent of dividend payout and statutory levy, if
any.
Dividend Option under both the Plans further offers choice of Daily Dividend (Reinvestment), Weekly
Dividend (Reinvestment), Monthly Dividend, Quarterly Dividend, Annual Dividend & Periodic
Dividend (each with Reinvestment, Payout and Sweep facility).
For details on taxation of dividend, please refer to the section on ‘Tax Benefits of Investing in the
Mutual Fund’ in the Statement of Additional Information.
The Investors should note that NAVs of the Dividend Option and the Growth Option will be different
after the declaration of dividend under the Scheme.
Dividend Re investment facility:
Investors opting for the Dividend Option may choose to re-invest the dividend to be received by them
in additional Units of the Scheme. Under this provision, the dividend due and payable to the Unitholders
will compulsorily and without any further act by the Unitholders, be re-invested in the same option (at
the first ex-dividend NAV). The dividends so re-invested shall constitute a constructive payment of
dividends to the Unitholders and a constructive receipt of the same amount from each Unitholder for
re-investment in Units.
On re-investment of dividends, the number of Units to the credit of the Unitholder will increase to the
extent of the dividend re-invested divided by the NAV applicable as explained above.
Dividend Payout facility:
Under this Facility, the unit holders would receive payout of their dividend in the Option.
Please note that where the Unitholder has opted for Dividend Payout option and in case the amount of

48
dividend payable to the Unitholder is Rs.100/- or less under a Folio, the same will be compulsorily
reinvested in the Scheme.
Dividend sweep option:
The investor has the option to sweep dividend declared in the Scheme into any other open-ended scheme
of IDFC Mutual Fund. The transfer shall be effected at the applicable NAV of the next business day.
If the amount of dividend is less than Re 1/- the dividend shall be re-invested in the same scheme and
not transferred to the desired other scheme.
Dividend Policy
Dividend declaration and distribution shall be in accordance with SEBI Regulations as applicable from
time to time. The AMC reserves the right to declare dividend from time to time, depending on
availability of distributable surplus. There is no assurance or guarantee to Unitholders as to the rate of
dividend distribution nor will that dividends be paid, though it is the intention of the Mutual Fund to
make dividend distributions.
Dividends, if declared, will be paid out of the net surplus of the Scheme to those Unit holders whose
names appear in the Register of Unitholders on the record date. The actual date for declaration of
dividend will be notified suitably to the Registrar. Investors are requested to note that pursuant to
payment of dividend, NAV of respective scheme/plan/option will fall to the extent of payout and
statutory levy, if any.
Default option: The investors must clearly indicate the Option/facility (Growth or Dividend /
Reinvestment or Payout or Sweep) in the relevant space provided for in the Application Form. In case
the investor does not select any Option, the default shall be considered as Growth Option. Within
dividend Option if the investor does not select any frequency / facility, then default frequency / facility
shall be Monthly Dividend / Reinvestment.
Investors are requested to note that any change in dividend sub-option (Payout, Reinvestment and
Sweep) due to additional investment done under Dividend option or on the basis of a request received
from the investor, will be applicable to all existing units in the dividend option of the concerned scheme
under respective folio. However, this provision shall not be applicable to transactions undertaken / units
held in demat mode.
Allotment
Full allotment will be made to all valid applications received during the New Fund Offer Period.
Allotment of Units, shall be completed not later than 5 business days from the close of the New Fund
Offer Period.
Option to hold Units in dematerialized (demat) form
Unit holder has an option to subscribe in dematerialized (demat) form the units of the Scheme in
accordance with the provisions laid under the Scheme and in terms of the guidelines/ procedural
requirements as laid by the Depositories (NSDL/CDSL) from time to time.
In case, the Unit holder desires to hold the Units in a Dematerialized /Rematerialized form at a later
date, the request for conversion of units held in non-demat form into Demat (electronic) form or vice-
versa should be submitted along with a Demat/Remat Request Form to their Depository Participants.
Units held in demat form will be transferable subject to the provisions laid under the scheme and in
accordance with provisions of Depositories Act, 1996 and the Securities and Exchange Board of India
(Depositories and Participants) Regulations, 1996 as may be amended from time to time.
ACCOUNT STATEMENTS

49
For NFO allotment and fresh purchase during ongoing sales with creation of a new Folio:
 The AMC shall allot the units to the applicant whose application has been accepted and also send
confirmation specifying the number of units allotted to the applicant by way of email and/or SMS’s
to the applicant’s registered email address and/or mobile number within five working days from
the date of closure of the NFO / transaction.
 The AMC shall issue to the investor whose application has been accepted, an account statement
specifying the number of units allotted within five business days of closure of NFO/transaction.
For allotment in demat form the account statement shall be sent by the depository / depository
participant, and not by the AMC.
 For NFO allotment in demat form, the AMC shall issue an intimation of allotment.
 For those unitholders who have provided an e-mail address, the AMC will send the account
statement by e-mail instead of physical statement.
 The unitholder may request for an account statement by writing / calling us at any of the ISC and
the AMC shall provide the account statement to the investor within 5 business days from the receipt
of such request.
Pursuant to sub regulation (1), (2) and (4) of Regulation 36 of SEBI (Mutual Funds) Regulations, 1996
read with SEBI circulars no. Cir/ IMD/DF/16/ 2011 dated September 08, 2011, no.
Cir/MRD/D9/31/2014 dated November 12, 2014, no. SEBI/HO/IMD/DF2/CIR/P/2016/42dated March
18, 2016 and no. SEBI/HO/IMD/DF2/CIR/P/2016/89 dated September 20, 2016, investors are
requested to note the following regarding dispatch of account statements:
A) Consolidated Account Statement (CAS) - for Unitholders who have registered their PAN /
PEKRN with the Mutual Fund:
Investors who hold demat account and have registered their PAN with the mutual fund:
For transactions in the schemes of IDFC Mutual Fund, a Consolidated Account Statement, based on
PAN of the holders, shall be sent by Depositories to investors holding demat account, for each calendar
month within 10th day of the succeeding month to the investors in whose folios transactions have taken
place during that month.
Due to this regulatory change, AMC has now ceased sending account statement (physical / e-mail) to
the investors after every financial transaction including systematic transactions.
The CAS shall be generated on a monthly basis. AMCs/ RTAs shall share the requisite information with
the Depositories on monthly basis to enable generation of CAS. Consolidation of account statement
shall be done on the basis of PAN. In case of multiple holding, it shall be the PAN of the first holder
and pattern of holding. Based on the PANs provided by the AMCs/MF-RTAs, the Depositories shall
match their PAN database to determine the common PANs and allocate the PANs among themselves
for the purpose of sending CAS. For PANs which are common between depositories and AMCs, the
Depositories shall send the CAS.
In case investors have multiple accounts across the two depositories, the depository having the demat
account which has been opened earlier shall be the default depository which will consolidate details
across depositories and MF investments and dispatch the CAS to the investor. However, option shall
be given to the demat account holder by the default depository to choose the depository through which
the investor wishes to receive the CAS.
In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios,
the depository shall send the account statement to the investor as specified under the regulations
applicable to the depositories.
Consolidated account statement sent by Depositories is a statement containing details relating to all
financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch,
dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan,
systematic transfer plan, bonus etc. (including transaction charges paid to the distributor) and

50
transaction in dematerialised securities across demat accounts of the investors and holding at the end of
the month. The CAS shall also provide the total purchase value / cost of investment in each scheme.
Further, a consolidated account statement shall be sent by Depositories every half yearly
(September/March), on or before 10th day of succeeding month, providing the following information:
- holding at the end of the six month
- The amount of actual commission paid by AMCs/Mutual Funds (MFs) to distributors (in absolute
terms) during the half-year period against the concerned investor’s total investments in each MF
scheme. The term ‘commission’ here refers to all direct monetary payments and other payments
made in the form of gifts / rewards, trips, event sponsorships etc. by AMCs/MFs to distributors.
Further, a mention may be made in such CAS indicating that the commission disclosed is gross
commission and does not exclude costs incurred by distributors such as Goods & Services Tax
(wherever applicable, as per existing rates), operating expenses, etc.
- The scheme’s average Total Expense Ratio (in percentage terms) along with the break up between
investment and advisory fees, commission paid to the distributor and other expenses for the period
for each scheme’s applicable plan (regular or direct or both) where the concerned investor has
actually invested in.
Such half-yearly CAS shall be issued to all MF investors, excluding those investors who do not have
any holdings in MF schemes and where no commission against their investment has been paid to
distributors, during the concerned half-year period.
Investors whose folio(s)/demat account(s) are not updated with PAN shall not receive CAS. Investors
are therefore requested to ensure that their folio(s)/demat account(s) are updated with PAN.
For Unit Holders who have provided an e-mail address to the Mutual Fund or in KYC records, the CAS
will be sent by e-mail. However, where an investor does not wish to receive CAS through email, option
shall be given to the investor to receive the CAS in physical form at the address registered in the
Depository system.
Investors who do not wish to receive CAS sent by depositories have an option to indicate their negative
consent. Such investors may contact the depositories to opt out.
Other investors:
The Consolidated Account Statement (CAS) for each calendar month shall be issued on or before tenth
day of succeeding month to the investors who have provided valid Permanent Account Number (PAN)
/ PAN Exempt KYC Registration Number (PEKRN).
Due to this regulatory change, AMC has now ceased sending physical account statement to the investors
after every financial transaction including systematic transactions.
The CAS shall be generated on a monthly basis. The Consolidated Account Statement issued is a
statement containing details relating to all financial transactions made by an investor across all mutual
funds viz. purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment
plan, systematic withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges
paid to the distributor) and holding at the end of the month. The CAS shall also provide the total
purchase value / cost of investment in each scheme.
Further, a consolidated account statement shall be issued every half yearly (September/March), on or
before 10th day of succeeding month, providing the following information:

51
Such half-yearly CAS shall be issued to all MF investors, excluding those investors who do not have
any holdings in MF schemes and where no commission against their investment has been paid to
distributors, during the concerned half-year period.
The CAS will be sent via email (instead of physical statement) where any of the folios consolidated has
an email id or to the email id of the first unit holder as per KYC records.
B) For Unitholders who have not registered their PAN / PEKRN with the Mutual Fund:
For folios not included in the Consolidated Account Statement (CAS):
 The AMC shall allot the units to the applicant whose application has been accepted and also send
confirmation specifying the number of units allotted to the applicant by way of email and/or SMS’s
to the applicant’s registered email address and/or mobile number within five working days from
the date of transaction.
 The AMC shall issue account statement to the investors on a monthly basis, pursuant to any
financial transaction in such folios on or before tenth day of succeeding month. The account
statement shall contain the details relating to all financial transactions made by an investor during
the month, the holding as at the end of the month and shall also provide the total purchase value /
cost of investment in each scheme.
 For those unitholders who have provided an e-mail address, the AMC will send the account
statement by e-mail instead of physical statement.
 The unitholder may request for an account statement by writing / calling us at any of the ISC and
the AMC shall provide the account statement to the investor within 5 business days from the receipt
of such request.
Further, an account statement shall be sent by the AMC every half yearly (September/March), on or
before 10th day of succeeding month, providing the following information:
Such half-yearly account statement shall be issued to all investors, excluding those investors who do
not have any holdings in IDFC MF schemes and where no commission against their investment has
been paid to distributors, during the concerned half-year period.
C) For all Unitholders
In case of a specific request received from the unit holder, the AMC shall provide the account statement
to the investor within 5 business days from the receipt of such request.
UNIT CERTIFICATES
If the applicant so desires, the AMC shall issue a Unit Certificate to the applicant within 5 business days
of the receipt of request for the certificate. A Unit Certificate if issued must be duly discharged by the
Unitholder(s) and surrendered along with the request for redemption/switch or any other transaction of
Units covered therein. The AMC shall, on production of instrument of transfer together with relevant

52
unit certificates, register the transfer and return the unit certificate to the transferee within 30 days from
the date of such production. Investors may note that stamp duty and other statutory levies, if any, as
applicable from time to time shall be borne by the investor.
WHO CAN INVEST?
THE FOLLOWING PERSONS MAY APPLY FOR SUBSCRIPTION TO THE UNITS OF THE
SCHEME (SUBJECT, WHEREVER RELEVANT, TO PURCHASE OF UNITS OF MUTUAL
FUNDS BEING PERMITTED UNDER RESPECTIVE CONSTITUTIONS, RELEVANT
STATUTORY REGULATIONS AND WITH ALL APPLICABLE APPROVALS):
 Resident adult individuals either singly or jointly
 Minor through parent/lawful guardian
 Companies, Bodies Corporate, Public Sector Undertakings, association of persons or bodies of
individuals whether incorporated or not and societies registered under the Societies Registration
Act, 1860 (so long as the purchase of units is permitted under the respective constitutions).
 Trustee(s) of Religious and Charitable and Private Trusts under the provision of Section 11(5) (xii)
of the Income Tax Act, 1961 read with Rule 17C of Income Tax Rules, 1962 (subject to receipt of
necessary approvals as “Public Securities” where required)
 The Trustee of Private Trusts authorised to invest in mutual fund Schemes under their trust deed.
 Partner(s) of Partnership Firms.
 Karta of Hindu Undivided Family (HUF).
 Banks (including Co-operative Banks and Regional Rural Banks), Financial Institutions and
Investment Institutions.
 Non-resident Indians/Persons of Indian origin residing abroad (NRIs) on full repatriation basis or
on non-repatriation basis.
 Foreign Portfolio Investors (FPIs) duly registered under applicable SEBI regulations on full
repatriation basis.
 Army, Air Force, Navy and other para-military funds.
 Scientific and Industrial Research Organizations.
 Mutual fund Schemes.
 Provident/Pension/Gratuity and such other Funds as and when permitted to invest.
 International Multilateral Agencies approved by the Government of India.
 Others who are permitted to invest in the Scheme as per their respective constitutions
 Other Schemes of IDFC Mutual Fund subject to the conditions and limits prescribed in SEBI
Regulations and/or by the Trustee, AMC or sponsor may subscribe to the units under this Scheme.
WHO CAN NOT INVEST
The following persons are not eligible to subscribe to the Units of the Scheme:
1) Residents in Canada
2) United States Persons (U.S. Persons) shall not be eligible to invest in the schemes of IDFC Mutual
Fund and the Mutual Fund / AMC shall not accept subscriptions from U.S. Persons, except for lump
sum subscription and switch transactions requests received from Non-resident Indians/Persons of Indian
origin who at the time of such investment, are present in India and submit a physical transaction request
along with such documents as may be prescribed by the AMC/Mutual Fund from time to time.
The AMC shall accept such investments subject to the applicable laws and such other terms and
conditions as may be notified by the AMC/Mutual Fund. The investor shall be responsible for
complying with all the applicable laws for such investments. The AMC/Mutual Fund reserves the right
to put the transaction requests on hold/reject the transaction request/reverse allotted units, as the case
may be, as and when identified by the AMC/Mutual Fund, which are not in compliance with the terms
and conditions prescribed in this regard.
The term “U.S. Person” shall mean any person that is a United States Person within the meaning of
Regulation ‘S’ under the United States Securities Act of 1933 or as defined by the U.S. Commodity
Futures Trading Commission for this purpose, as the definition of such term may be changed from time

53
to time by legislation, rules, regulations or judicial or administrative agency interpretations.
3) Any entity who is not permitted to invest in the Scheme as per their respective constitutions and
applicable regulations
The Fund reserves the right to include / exclude new / existing categories of investors to invest in this
Scheme from time to time, subject to regulatory requirements, if any. This is an indicative list and
investors are requested to consult their financial advisor to ascertain whether the scheme is suitable to
their risk profile.
Where can you submit the filled up applications.
Filled up applications can be submitted at the Offices of the CAMS Transaction points and ISC’s as
per the details given on the last few pages of this document including the back cover page.
HOW TO APPLY?
Please refer to the SAI and Application form for the instructions.
Mode of Payment
Investors may make payments for subscription to the Units of the Scheme at the bank collection centres
by local Cheque/Pay Order/Bank Draft, drawn on any bank branch, which is a member of Bankers
Clearing House located in the Official point of acceptance of transactions where the application is
lodged or by giving necessary debit mandate to their account or by any other mode permitted by the
AMC.
NFO Collection Bankers: ICICI Bank and HDFC Bank Ltd
Payment shall be accepted through RTGS/NEFT fund transfer as well as cheques during the NFO of
the scheme. Please note that cheques drawn on banks other than the NFO Collection Bankers mentioned
above shall be accepted till February 16, 2021.
Cheques/Pay Orders/Demand Drafts should be drawn as follows:
1. The Cheque/DD/Payorder should be drawn in favour of “IDFC Floating Rate Fund ” as mentioned
in the application form/addendum at the time of the launch.
Please note that all cheques/DDs/payorders should be crossed as "Account payee". In order to prevent
frauds and misuse of payment instruments, the investors are mandated to make the payment instrument
(cheque, demand draft, pay order, etc.) favouring either of the following (Investors are urged to follow
the order of preference in making the payment instrument favouring as under):
- “IDFC Floating Rate Fund A/c Permanent Account Number”
- “IDFC Floating Rate Fund A/c First Investor Name” or
- “IDFC Floating Rate Fund A/c Folio number”
2. Centres other than the places where there are Official point of acceptance of transactions as
designated by the AMC from time to time, are Outstation Centres. Investors residing at outstation
centres should send demand drafts drawn on any bank branch which is a member of Bankers Clearing
House payable at any of the places where an Official point of acceptance of transactions is located.
Process for Investments made in the name of Minor through a Guardian
Payment for investment by means of Cheque, Demand Draft or any other mode shall be accepted from
the bank account of the minor or from a joint account of the minor with the guardian only, else the
transaction is liable to get rejected.
Unit holders are requested to review the Bank Account registered in the folio and ensure that the
registered Bank Mandate is in favour of minor or joint with registered guardian in folio. If the registered
Bank Account is not in favour of minor or not joint with registered guardian, unit holders will be

54
required to submit the change of bank mandate, where minor is also a bank account holder (either single
or joint with registered guardian), before initiation any redemption transaction in the folio, else the
transaction is liable to get rejected.
For systematic transactions in a minor’s folio, AMC will register standing instructions till the date of
the minor attaining majority, though the instructions may be for a period beyond that date.
Upon the minor attaining the status of major, the minor in whose name the investment was made, shall
be required to provide all the KYC details, updated bank account details including cancelled original
cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is
changed to major.
One Time Mandate Facility of CAMS
One Time Mandate Registration Facility (OTM facility) offered by Computer Age Management
Services (Registrar / CAMS), is available for investment in the schemes of IDFC Mutual Fund (the
Fund). OTM - One Time Mandate registration shall be registered against the PAN of the First
Unitholder which authorizes his/her bank to debit their account up to a certain specified limit per day
(subject to the current statutory limits of Rs. One Crore per transaction), as and when they wish to
transact with the Fund, without the need of submitting cheque or fund transfer letter with every
transaction thereafter. This Facility currently enables Unit holder(s) of the Fund to start Systematic
Investment Plan (SIP) or invest lump sum amounts in any open-ended Scheme of the Fund through
various transaction modes i.e. physical transactions, Phone transact and M-Transact and/or such other
modes which the Fund may activate for OTM facility from time to time. OTM facility can be availed
only if the Investor’s Bank is a participating bank on the NACH Platform of NPCI and subject to
investor’s bank accepting ACH/ OTM Registration mandate.
Payments by cash, money orders, postal orders, stockinvests and out-station and/or post dated
cheques will not be accepted.
At present, applications for investing in scheme through cash are not accepted by IDFC AMC. The
AMC, at a later date, may decide to accept investment in cash subject to implementation of adequate
systems and controls. Information in this regard will be provided to investors as and when the facility
is made available.
Treatment of applications under "Direct" / "Regular" Plans:
Scenario Broker Code mentioned
by the investor
Plan mentioned by the
investor
Default Plan to be
captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan
In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application
shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within
30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct
code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan
from the date of application without any exit load.
Treatment of business received through suspended distributors:
Pursuant to AMFI Best Practices Guidelines Circular No. 81/2019-20 dated September 24, 2019
regarding provisions pertaining to treatment of purchase / switch / Systematic Investment Plan (SIP) /

55
Systematic Transfer Plan (STP) transactions received through distributors whose AMFI Registration
Number (ARN) has been suspended temporarily or terminated permanently by Association of Mutual
Funds in India (AMFI):
1. All purchase and switch transactions, including SIP/ STP registered prior to the date of suspension
and fresh SIP / STP registrations received under the ARN code of a suspended distributor during
the period of suspension, shall be processed under “Direct Plan” and shall be continued under Direct
Plan perpetually*.
*Note: If the AMC receives a written request / instruction from the unit holder/s to shift back to
Regular Plan under the ARN of the distributor post the revocation of ARN suspension, the same
shall be honored.
2. All purchase and switch transactions including SIP/ STP transactions received through the stock
exchange platforms through a distributor whose ARN is suspended shall be rejected.
3. In cases where the ARN of a distributor has been permanently terminated, the unitholders have the
following options:
 switch their existing investments under the Regular Plan to Direct Plan (Investors may be
liable to bear capital gains taxes and exit load, if any, which may arise at the time of switch
from Regular Plan to Direct Plan); or
 continue their existing investments under the Regular Plan under ARN of another
distributor of their choice.
Applications Supported by Blocked Amount (ASBA) facility:
ASBA facility will be provided to the investors subscribing to NFO of the Scheme. It shall co-exist with
the existing process, wherein cheques/demand drafts are used as a mode of payment. Detailed provision
of such facility will be provided in SAI.
MANDATORY QUOTING OF BANK MANDATE BY INVESTORS
As per the directives issued by SEBI, it is mandatory for applicants to mention their bank account
numbers in their applications and therefore, investors are requested to fill-up the appropriate box in the
application form failing which applications are liable to be rejected.
PAN & KYC REQUIREMENTS
It is mandatory for all investors (including joint holders, NRIs, POA holders and guardians in the case
of minors) to furnish such documents and information as may be required to comply with the Know
Your Customers (KYC) policies under the AML Laws. Applications without such documents and
information may be rejected.
In terms of SEBI circulars dated April 27, 2007, April 03, 2008 and June 30, 2008 read with SEBI letter
dated June 25, 2007, Permanent Account Number (PAN) would be the sole identification number for
all participants transacting in the securities market, irrespective of the amount of transaction, except (a)
investors residing in the state of Sikkim; (b) Central Government, State Government, and the officials
appointed by the courts e.g. Official liquidator, Court receiver etc. (under the category of Government)
and (c) investors participating only in micro-pension. SEBI, in its subsequent letters dated June 19, 2009
and July 24, 2012 has conveyed that systematic investment plans (SIP) and lumpsum investments (both
put together) per mutual fund up to Rs.50,000/- per year per investor shall be exempted from the
requirement of PAN.
Accordingly, investments in IDFC Mutual Fund (including SIP investment where the aggregate of SIP
installments in a rolling 12 months period or in a financial year i.e April to March) of upto Rs 50,000/-
per investor per year shall be exempt from the requirement of PAN.

56
However, eligible Investors (including joint holders) should comply with the KYC requirement through
registered KRA by submitting Photo Identification documents as proof of identification and the Proof
of Address [self-attested by the investor / attested by the ARN Holder/AMFI distributor]. These
exempted investors will have to quote the “PEKRN (PAN exempt KYC Ref No) in the application
form. This exemption of PAN will be applicable only to investments by individuals (including NRIs
but not PIOs), joint holders, Minors and Sole proprietary firms. PIOs, HUFs and other categories of
investors will not be eligible for this exemption.
Thus, submission of PAN is mandatory for all other investors existing as well as prospective investors
(except the ones mentioned above) (including all joint applicants/holders, guardians in case of minors,
POA holders and NRIs but except for the categories mentioned above) for investing with mutual funds
from this date. Investors are required to register their PAN with the Mutual Fund by providing the PAN
card copy (along with the original for verification which will be returned across the counter). All
investments without PAN (for all holders, including Guardians and POA holders) are liable to be
rejected.
Application Forms without quoting of PEKRN shall be considered incomplete and are liable to be
rejected without any reference to the investors. The procedure implemented by the AMC and the
decisions taken by the AMC in this regard shall be deemed final.
LISTING AND TRANSFER OF UNITS
The Units of the Scheme are presently not proposed to be listed on any stock exchange. However, the
Fund may at its sole discretion list the Units under the Scheme on one or more Stock Exchanges at a
later date, and thereupon the Fund will make a suitable public announcement to that effect.
In accordance with SEBI circular number CIR/IMD/DF/10/2010 dated August 18, 2010 units of the
Scheme which are held in demat form, will be transferable and will be subject to the transmission facility
in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996 as may be
amended from time to time.
For units held in non-demat form, the AMC shall, on production of instrument of transfer together with
relevant unit certificates, register the transfer and return the unit certificate to the transferee within 30
days from the date of such production. Investors may note that stamp duty and other statutory levies, if
any, as applicable from time to time shall be borne by the investor.
If a person becomes a holder of the Units consequent to operation of law, or upon enforcement of a
pledge, the Fund will, subject to production of satisfactory evidence, effect the transfer, if the transferee
is otherwise eligible to hold the Units. Similarly, in cases of transfers taking place consequent to death,
insolvency etc., the transferee’s name will be recorded by the Fund subject to production of satisfactory
evidence.
PLEDGE OF UNITS FOR LOANS
The Units can be pledged by the Unitholders as security for raising loans subject to the conditions of
the lending institution. The Registrar will take note of such pledge (by marking a lien etc.) / charge in
its records. Disbursement of such loans will be at the entire discretion of the lending institution and the
fund assumes no responsibility thereof.
The pledgor will not be able to redeem Units that are pledged until the entity to which the Units are
pledged provides written authorisation to the fund that the pledge/lien charge may be removed. As long
as Units are pledged, the pledgee will have complete authority to redeem such Units. Decision of the
AMC shall be final in all cases of lien marking.
THE POLICY REGARDING REISSUE OF REPURCHASED UNITS, INCLUDING THE
MAXIMUM EXTENT, THE MANNER OF REISSUE, THE ENTITY (THE SCHEME OR THE
AMC) INVOLVED IN THE SAME

57
The units under the scheme once repurchased, shall not be reissued.
RIGHT TO RESTRICT REDEMPTION OR SUSPEND REDEMPTION IN THE SCHEME
The AMC/Trustee, at its sole discretion, reserves the right to impose restriction on redemption
(including switches) or suspend redemption (including switches) from the Scheme in the general interest
of the Unitholders of the Scheme and keeping in view the unforeseen circumstances/unusual market
conditions.
Imposition of such restriction will be subject to following conditions:
a) Restriction on redemption may be imposed when there are circumstances leading to a systemic
crisis or event that severely constricts market liquidity or the efficient functioning of markets such
as:
i. Liquidity issues - when market at large becomes illiquid affecting almost all securities
rather than any issuer specific security;
ii. Market failures, exchange closures;
iii. Operational issues – when exceptional circumstances are caused by force majeure,
unpredictable operational problems and technical failures.
b) Restriction on redemption may be imposed for a period not exceeding 10 working days in any 90
days period.
c) When restriction on redemption is so imposed, the following procedure shall be applied:
i. No redemption requests of value up to Rs.2 lakhs shall be subject to such restriction.
ii. For redemption request of value above Rs.2 lakhs, the first Rs.2 lakhs shall be redeemed
without such restriction and the restriction shall apply for the redemption amount exceeding
Rs.2 lakhs.
Any restriction on Redemption or suspension of redemption (including switches) of the Units in the
Scheme shall be made applicable only after specific approval of the Board of Directors of the AMC and
the Trustee Company and thereafter, immediately informing the same to SEBI.
It is clarified that since the occurrence of the abovementioned eventualities have the ability to impact
the overall market and liquidity situation, the same may result in exceptionally large number of
Redemption requests being made and in such a situation the indicative timelines (i.e. within 3 Business
Days for schemes other than interval funds and within 1 Business Day for interval funds) mentioned by
the Fund in the scheme offering documents, for processing of requests for Redemption may not be
applicable.
The AMC / Trustee reserves the right to change / modify the provisions of right to restrict or suspend
redemption of Units in the Scheme, subject to the applicable regulatory provisions from time to time.
PHONE TRANSACT & M-TRANSACT
The Facility ‘Phone Transact’ has been introduced by the AMC which enables the investors to subscribe
and/or redeem units by calling from their registered phone number on a dedicated phone number
identified by the AMC.
The Facility “M-Transact” has been introduced by the AMC which enables investors to subscribe and/or
redeem units, by sending instructions through short messaging service (“SMS”) from their registered
mobile phone number on a dedicated number identified by the AMC.
These facilities are currently available to all existing Individual investors in the schemes of IDFC
Mutual Fund. Individual investors applying on “Sole” or “Anyone or Survivor” basis in their own
capacity shall be eligible to avail of these facilities for permitted transactions; inter alia, on the terms
and conditions specified by the AMC for use of this facility from time to time. All such investors also
need to have completed the KYC process and bank mandate registration as specified by the AMC from
time to time. This facility is currently not available to a first time investor in the schemes of IDFC
Mutual Fund.

58
Currently, only purchase, switch and redemption transactions are accepted through this facility. Eligible
investors can make additional purchase in the scheme in which they are currently invested or make fresh
purchase in any other scheme of IDFC Mutual Fund. Additionally, in case of open-ended schemes
offering SIP facility, investors can register a SIP using Phone Transact. Requests like change in bank
mandate, change of nomination, change in mode of holding, change of address or such other requests
as the AMC may decide from time to time will not be permitted using the phone transact facility.
The AMC may, if deemed fit, extend this facility to other categories of investors at a future date. The
AMC/Mutual Fund reserves the right to modify the terms and conditions of this Facility from time to
time as may be deemed expedient or necessary.
“Terms and Conditions” mean the terms and conditions set out below by which the Facility shall be
used/availed by the Unit holder and shall include all modifications and supplements made by AMC
thereto from time to time.
It is clarified that the Facility is only with a view to accommodate /facilitate the Unit holder and offered
at the sole discretion of the AMC. Further, the AMC may refuse access to this Facility to any investor
for reasons such as attempt to mis-use this facility, attempt to place unauthorised transaction etc.
AMC may periodically provide the Unit holder with a written statement of all the transactions made by
the Unit holder on a regular/as & when basis, as is being currently done.
The Unit holder shall check his/her account records carefully and promptly. If the Unit holder believes
that there has been a mistake in any transaction using the Facility, or that un authorised transaction has
been effected, the Unit holder shall notify AMC immediately.
By opting for the facility the Unit holder authorises and instructs the AMC to carry out the transactions
as per the instruction given by the investor.
The Unit holder shall at all times be bound by any modifications and/or variations made to these Terms
and Conditions by the AMC.
The Unit holder agrees and confirms that the AMC may at its sole discretion suspend the Facility in
whole or in part at any time without prior notice if (i) the Unit holder does not comply with any of the
Terms and Conditions or any modifications thereof, (ii) the AMC has the reason to believe that such
processing is not in the interest of the Unit holder or is contrary to Regulation/SIDs/amendments to the
SID and (iii) otherwise at the sole discretion of the AMC in cases amongst when the markets are volatile
or when there are major disturbances in the market, economy, country, etc.
1. INSTRUCTIONS / TERMS AND CONDITIONS FOR PHONE TRANSACT & M-
TRANSACT FACILITIES
a) Prospective investor(s) / Unitholder(s) are requested to read the Scheme Information Document
(“SID”), Key Information Memorandum (“KIM”) (collectively the “Offering Documents”) and
instructions and terms and conditions (“Instructions”) carefully before filling the Registration Form
and the One Time Debit Mandate Form (“Registration cum Debit Mandate”).
b) Prospective investor(s) / Unitholder(s) proposing to avail the M-Transact Facility (“User”) are
deemed to have read and accepted the terms and conditions as stated in the Offering Documents,
the Know Your Customer (KYC) norms, the Privacy and Security Policy on the website of the
Mutual Fund and these Instructions, and bind themselves to the terms thereof upon signing the
Registration cum Debit Mandate.
c) The AMC is offering the M-Transact facility with a view to accommodate / facilitate the User and
is as such offered at the sole discretion of the AMC.
d) Once registered under the Facilities, the User would be registered for all schemes of IDFC Mutual
Fund and all services covered respectively under each of the Facilities. Users do not have an option
to selectively choose the Scheme(s) or the services they would like to be registered under the
Facilities. The Users should note that separate SMS confirmations will be sent on their registered

59
mobile number confirming successful registration and activation of the Facilities. In addition,
User(s) will also receive a letter from the AMC confirming activation of the Facilities. The User
will be able to transact for each of the Facilities only after receiving the relevant registration
confirmation SMS.
e) User(s) to take note that in line with guidelines by SEBI vide its Circular No. Cir/IMD/DF/13/2011
dated August 22, 2011, Mutual Fund shall deduct Transaction Charges from the subscription
amount, as applicable.
f) The distributor code (ARN) and the distributor sales person code (EUIN) as mentioned on the SMS
transact Registration Form would be applicable for all transactions done using the Facility. Any
change in the ARN and/or EUIN for Facilities would be required to be intimated, in writing, to
IDFC Mutual Fund/ IDFC AMC and would be effected on a prospective basis.
g) The following rules will apply for processing of purchase (lump sum and SIP) transactions using
SMS Transact/ M Transact Facility:
A. Distributor ARN code and EUIN mentioned during filling the registration form for the
Facilities:
 If the investment is requested in a scheme under a ‘Direct Plan’, the Distributor/ARN code will
be excluded for that transaction and units will be allotted under the ‘Direct Plan’ as requested.
 If the investment is requested in a scheme under a ‘Regular Plan’, the registered ARN code and
EUIN will be considered for that transaction and units will be allotted under the ‘Regular Plan’
as requested.
B. Distributor/ ARN code not mentioned (left blank or ‘Direct’ mentioned) during filling the
registration form for the Facilities:
 If the investment is requested in a scheme under a ‘Direct Plan’, the units will be allotted under
the ‘Direct Plan’ as requested.
 If the investment is requested in a scheme under a ‘Regular Plan’, the units will, by default, be
allotted under the ‘Direct Plan’ of the respective scheme.
h) The Unit holder desirous to make purchase and SIP registration over this facility shall register to
avail the Phone Purchase facility by submitting the “Registration - Cum - One Time Mandate Form”
and submit the same to the AMC/ISC. The form can be downloaded from www.idfcmf.com. The
terms and conditions for Phone Purchase are mentioned on the reverse of the Application Form.
2. UNITHOLDER INFORMATION
a) M-Transact facility is only available to User(s) having a folio (which would include any zero
balance folio) with the Mutual Fund, and who are either Resident Individuals (with mode of holding
of the folio as ‘single’ or ‘anyone or survivor’ or ‘either or survivor’), Hindu Undivided Family,
sole proprietors or minors (through guardians). This facility is not available to User(s) who are non-
residents (NRIs), Corporates, Partnership Firms and Resident Individuals (with mode of holding of
the folio as ‘joint’). Further, User(s) transacting through the online platforms of distributors
(channel investors) or holding Units in demat form cannot be registered for the M-Transact facility.
b) In case the User is a 'minor', the parents or legal guardian appointed by a court of competent
jurisdiction shall be eligible to avail of the facilities till the minor attains majority. The legal
guardian of the minor hereby agrees to submit such details as may be specified by the AMC, from
time to time. Upon the minor attaining majority, the right of the parent / legal guardian to operate
the said User(s) account / folio(s), shall cease and the ‘major’ User would be required to register
himself afresh for availing the M-Transact facility. The parent / legal guardian of the minor agree
to indemnify the AMC against any claim made by the above minor for any transactions made by
him/her on behalf of the minor.
c) In case of ‘single' holding folio, M-Transact facility will be offered to the sole User. In case the
mode of holding of the folio is 'Anyone or Survivor', the AMC shall offer the facility in favour of
the 'Anyone or Survivor' in the folio.
d) User(s) should specify their full name, PAN details, folio no, mobile number and email address in
the ‘Unitholders Information’ section in the Registration cum Debit Mandate. User’s name should
match with the details in the existing folio, failing which the Registration cum Debit Mandate is
liable to be rejected.

60
e) User(s) are required to specify whether they are KYC compliant and enclose a photocopy of their
PAN card duly self-certified along with the original PAN card along with a proof of KYC
Compliance (viz. KYC Acknowledgement Letter issued by KYC Registration Agency (“KRA”) or
printout of KYC Compliance status downloaded from the KRA website using the PAN Number or
KYC acknowledgment letter issued by any KYC Registration Agency registered with SEBI), if not
provided earlier, along with the Registration cum Debit Mandate. Only KYC compliant users shall
be permitted to use the facility. KYC failed cases or KYC pending or under-process cases are
currently not eligible to be registered for this facility. Decisions of the AMC with regards permitting
the User(s) to avail M-Transact shall be final and binding upon them. Registration cum Debit
Mandate not complying with the above requirement will not be accepted/ processed.
f) The mobile number and email address specified in the Registration Cum Debit Mandate will be
registered for availing this M-Transact facility and such details will supersede corresponding
existing details (if any) for the User(s) folio. A user can undertake transactions under the M-
Transact facility only through the registered mobile no. Only one folio can be tagged to one mobile
number and once a mobile number is registered for one folio, the same mobile number cannot be
re-registered against another folio in the Mutual Fund. Further, only one mobile number can be
registered against one folio.
3. TRANSACTION AND FUND OPTION
Currently, the following types of transactions are permitted under each of the Facilities:
 SMS Transact – Lump sum Purchase, SIP registration, Redemption
 Phone Transact - Lump sum Purchase, SIP/STP/SWP registration, switch, Redemption
 Investors can use the Facilities for all the eligible and live open-ended schemes (currently
available and launched in future) of IDFC Mutual Fund.
If the User has existing units in the same folio under the Scheme(s) covered under the Facilities under
the Dividend Option with a different sub-option selected (i.e. payout or reinvest), the existing sub-
option would be substituted with the sub-option selected during the phone transaction, for that folio. In
a subsequent Purchase transaction through a mode other than a SMS or phone transaction, if the User
selects a different sub-option under the folio, such new sub-option will substitute the earlier selected
sub-option, including the one registered for the Phone Transact facility.
The User(s) understands that the AMC may, at its sole discretion decide to make available additional
Schemes under the Facilities. The User(s) acknowledges and agrees to be bound by the terms and
conditions of these Facilities for such additional Schemes that the AMC may make available from time
to time.
4. BANK DETAILS
a) User(s) proposing to undertake purchase transactions through the Facilities must have a bank
account with any one of the eligible banks on the NACH Platform. The Mutual Fund / AMC
reserves the right to remove or add any bank as an eligible bank at any time without giving any
prior notice to the User(s). User(s) will have to register a single bank mandate which will be debited
towards subscription of unit(s) of Scheme(s) (“Purchase”) undertaken through the SMS Transact
facility. Relevant information in the ‘Bank Details’ section should be filled in and an original
cancelled cheque or a self attested copy of the cheque of such a bank account should be provided
along with the OTM for verification and registration of bank mandate. The bank mandate mentioned
in the OTM is limited/ applicable only for Purchases through the Facilities and will not be added to
the bank master for transactions through other modes, in the folio. User(s) can make payments for
Purchases under the Facilities only from their respective bank account(s). In case of minor account,
the bank account has to be either of the minor only or a joint account of the minor with the guardian
only. Upon the minor attaining the status of major, the minor in whose name the investment was
made, shall be required to provide all the KYC details, updated bank account details including
cancelled original cheque leaf of the new account. No further transactions shall be allowed till the
status of the minor is changed to major. Third party payments are not permitted.

61
Eligible Banks for Purchases through the Facilities: All banks / bank branches participating in
NACH Platform of NPCI
b) User(s) not providing information in the ‘Bank Details’ section or not having an account with any
of the eligible banks can still be eligible to avail the Redemption facility through M-Transact with
the existing default bank mandate registered in the folio. The Redemption proceeds will continue
to get credited/ paid out to the existing default bank mandate registered in the folio as per the
Registrars records and is independent of the bank mandate registered for Purchases under the M-
Transact facility. In such cases, the ‘Bank Details’ section and the ‘Authorisation of the Bank
Account Holder’ section are not required to be filled-in and must be kept blank.
c) Any change of bank mandate in the folio submitted subsequently, will not impact/ alter the bank
mandate, default or otherwise, registered for Purchases under the M-Transact facility. In case the
User(s) desire to change their bank mandate for Purchases under M-Transact facility, they will have
to de-register the existing M-Transact registration and re-register with the new bank mandate by
filling up a fresh Registration cum Debit Mandate. A notification of such change should also be
separately sent to the old bank by the User(s) for necessary action.
DECLARATION AND AUTHORISATION OF THE USER
a) All signatures should be in English or in any Indian language. Thumb impressions should be from
the left hand for males and the right hand for females and in all cases must be attested by a
magistrate, notary public or special executive magistrate under his / her official seal. Applications
by minors should be signed by their guardians. If you are investing through your constituted
attorney, please ensure that the Power of Attorney (POA) document is signed by you and your
constituted attorney. The signature in the Registration cum Debit Mandate, then, needs to clearly
indicate that the signature is on your behalf by the constituted attorney.
b) User(s)entering relevant details in the ‘Bank Details’ section are also required to sign in the
‘Authorisation of the Bank Account’ section in the order in which the bank account is held and the
manner in which their signatures appear on bank records.
c) User(s) who have not provided information in the ‘Bank Details’ section and are only availing the
Redemption facility through the Facilities, will be only bound by the declarations and authorizations
set out in the second paragraph of this section upon signing the signature block in this section.
OTHER TERMS AND CONDITIONS
a) Currently, each Purchase transaction under the Facilities is restricted up to a monetary limit as
mentioned below:
SMS Transact facility – up to Rs. 99,99,999 per transaction
Phone Transact facility – up to Rs. 1,99,999 per transaction.
However, with further system developments, the AMC would endeavour to enhance such limit over
a period of time. Notification of such enhanced limits would be informed in accordance with the
requirements under the Regulations. The minimum Purchase amount criteria (lump sum and SIP)
specified in the respective Option of the Scheme would be applicable.
Further, the restriction on number of transactions which a user can do in one folio on a single day
is as given below:
SMS Transact - No restriction, the User can make multiple Purchases if required in a single day.
Phone Transact - At present, only five (5) transactions per folio per scheme per day are accepted
towards purchases in all eligible open ended schemes.
Redemption can be submitted in all eligible open ended schemes, subject to maximum limit of only
five (5) transactions per folio per scheme per day.
Users submitting multiple requests in any of the eligible open ended schemes, which aggregates to
Rs. 2 lakhs or above, and in Liquid Schemes irrespective of the amount, from various modes of
application, are requested to read the Applicable NAV section in the SID of the relevant Scheme(s).
The Redemption requests shall be subject to the minimum Redemption amount criteria and such

62
other requirements (as applicable), details of which are provided in the SID of the relevant
Scheme(s).
b) SIP (available only for investors who have successfully registered for Purchases under the
Facilities): Users who are have received the SIP Purchase registration confirmation SMS from
IDFC/ Registrars can initiate SIP Purchases in any of the Schemes offered under the Facilities by
sending the prescribed SMS with the relevant SIP amount and scheme code to 56767267.Users are
requested to refer to the SID of the Scheme for details on the minimum initial lumpsum investment
amount to commence the SIP and the minimum instalment amount. The default date for SIP
instalment would be on the 10th of every month, or the subsequent Business Day if the 10th is a
non-Business Day. On receipt of the SMS for starting SIP, the first SIP will be triggered on the 10th
of the month immediately following the date of receipt of the SMS. Thereafter, it will automatically
be triggered on every 10th of the subsequent month. The SIP would be open-ended (i.e. a perpetual
SIP – till Dec 2099) which can be discontinued by the User at any time by sending a written request
to the Registrar/AMC.
User(s) to note that SIP registration will be cancelled and SIP will be discontinued in case of 3
consecutive reversals for non-receipt of funds by the Scheme (including offline SIPs). The default
syntax would be SIP space <amount> space <scheme code>. SIP can also be registered using phone
transact facility.
c) Applicable NAV: Investments in the Scheme would be aggregated at a Portfolio level based upon
the PAN of the User, irrespective of the time or mode of receipt on the application on any given
business day. In case such investments aggregate to Rs. 2 lakhs or above, the closing NAV of the
day on which the funds for the entire amount of subscription/Purchase (including switch ins) as per
the application(s) are credited to the bank account of the respective Scheme before the cut-off time
i.e. available for utilization before the cut off time, shall be applicable.
User(s) may note that the transactions submitted through Phone Transact facility will be processed
at the Applicable NAV basis the time of receipt of final confirmation from the User by the Registrar.
Electronic time stamping of such instruction by the Registrar shall be deemed to be in accordance
with the requirements under the Regulations. The time and date recorded by the server of the
Registrar will be treated as the time and date for the submission of such transaction request.
User(s) to note that Redemption transactions under the SMS Transact facility will be processed at
the Applicable NAV at the time of receipt of the SMS instruction by the Registrar. Users are
requested to refer the SID of the Scheme for further details on the Applicable NAV for Purchase
transactions (lumpsum and SIP). Users to note that each Purchase and Redemption request is
however subject to acceptance of the transaction request by the AMC/Registrar. Electronic time
stamping of such SMS instruction by the Registrar shall be deemed to be in accordance with the
requirements under the Regulations. The time and date recorded by the server of the Registrar will
be treated as the time and date for the submission of the Purchase/Redemption request.
d) At the time of requesting a Purchase transaction (lumpsum and SIP) under the Facilities, availability
of clear funds should be ensured in the bank account specified in the OTM as non-availability of
funds in the bank account of the User(s) may lead to unsuccessful transaction. The AMC / Registrar
shall attempt to settle the transaction by requesting the registered bank for release of funds.
However, in case of non-receipt of funds, the transaction shall stand cancelled and the units allotted,
if any, would be reversed.
e) All allotments of Units will be provisional, subject to realization of payment and other information
as required by the AMC in a form satisfactory to the AMC, failing which the Mutual Fund / AMC
reserve the right to reject the application and refund the Purchase amount or if Units have been
allotted, freeze the folio or reverse the units or Redeem the Units at Applicable NAV and in such a
case the Mutual Fund / AMC will not be responsible for any consequence there from.

63
f) Any Transaction request on a non-Business Day will be processed on the next Business Day in
accordance with the provisions provided in the SID of the Scheme and/or SAI.
g) If any transaction under the Facilities is delayed or not effected at all for reasons of incomplete or
incorrect information/entry or due to non-receipt of SMS by the service provider or the Registrar,
the User(s) will not hold the AMC, the Mutual Fund, its agents or service providers responsible.
h) While the AMC shall aim to provide security to prevent any unauthorized access, there cannot be
any guarantee from frauds, hacking and other actions, which could affect the electronic instructions
to the AMC.
i) The User has to immediately notify the AMC/Mutual Fund on toll-free number 180030066688 /
18002666688 followed by email to investormf@idfc.com from his registered email address
informing of the loss or change in mobile number, to enable the AMC/Mutual Fund to de-register
the folio mapped to the mobile number for SMS Transact facility.
j) Upon receipt of request from User, the AMC / the Mutual Fund may restrict SMS transact facility
to prevent any unauthorized access.
k) Requests like change in bank account details/mandates (other than under this facility), change of
nomination, change in mode of holding, change of address or such other requests as the AMC may
decide from time to time will not be permitted by using the Facilities. User(s) should submit relevant
request forms available with the ISCs / our website www.idfcmf.com for such requests.
l) In order to avail the Facilities, the User(s) are required to provide certain data in the Registration
form/OTM or otherwise. The AMC may in its absolute discretion and in the User’s interest, request
the User(s) for an oral, fax or written confirmation of any transaction request and/or any additional
information with respect to the User(s). The AMC shall not be bound to act on any SMS instructions
received until such oral, fax or written confirmation and/or any additional information in a form
and manner acceptable to the AMC is received.
However, the AMC shall rely on the fax confirmations purporting to have been sent by the User(s)
and may act thereon as if the same had been duly given. If for any reason, the AMC is not satisfied
with the replies of the User(s), the AMC has, at its sole discretion and in the interest of the investor,
the right to refuse to suspend SMS Transact facility.
The User(s) shall ensure that the details provided to the AMC are complete, true, accurate and as at
the date of submission. The AMC shall be notified immediately if the User is aware or suspects
another person knows or has used his/her/their data without authority, and the AMC/Mutual Fund
will not be liable for any loss caused to the User on account of any mis-use of the data by such other
person.
m) The User(s) understands that the data / information provided by him / her / them pursuant to dealing
with the AMC / Mutual Fund could be dealt/shared by the AMC with the Sponsor, Trustee
Company, Registrar, banks and / or authorized external third parties who are involved in transaction
processing, dispatches, etc. of the Scheme or who have been appointed by the Trustees/AMC to
provide services to the Scheme, distributors or sub-brokers or any other persons for compliance
with any legal or regulatory requirements or directives or to verify the identity of User(s) for
complying with anti-money laundering requirements or for prevention of fraud purposes in
accordance with the Privacy and Security Policy of the Mutual Fund which is available on its
website www.idfcmf.com.
n) The AMC / Mutual Fund may at its sole discretion modify / vary or suspend any of the Facilities in
whole or in part, at any time with requisite intimation to the User(s), as may be deemed expedient
or necessary.

64
o) Providing the Facilities shall not be considered as solicitation to buy or an offer to sell or
recommendation for a security or any other product or service, to any person in any jurisdiction
where such solicitation, offer, recommendation, purchase or sale would be unlawful under the laws
of that jurisdiction.
p) The AMC accepts no liability whatsoever, direct or indirect, for non-compliance with the laws of
any country other than the Republic of India. The mere fact that the Facilities may be accessed by
a User(s) by sending a SMS from a country other than India, shall not be interpreted to imply that
the laws of the said country supersede the Instructions and/or the use of the Facilities. The Facilities
shall be expressly governed by these Instructions at all times.
q) The AMC will not be liable to the User(s) for any damages whether direct or indirect, on account
of any unauthorized access or misuse of the Facilities by the User(s).
r) The grant of the Facilities is not transferable / assignable under any circumstances.
s) The Facilities are provided only with a view to accommodate/facilitate the Unit holder(s) and
offered at the sole discretion of the AMC.
User(s) to note that by signing the Registration form/s and OTM and/or availing any of the
Facilities, the User(s) also give the following confirmations, declarations and authorizations set
out below:
1. The responsibility of the information provided in this Registration cum Debit Mandate or any other
application form for this facility solely rests with the User(s) and the AMC / Mutual Fund / Registrar
will not be responsible or liable for any loss, claims, liability that may arise on account of any
incorrect and / or erroneous data / information supplied by the User(s).
2. The User(s) agree and confirm that they will promptly inform the AMC/Registrar in writing of any
change in the bank account number, mobile number or email address provided in the Registration
cum Debit Mandate.
3. The User(s) agrees and acknowledges that any transaction, undertaken using the User’s mobile
number shall be deemed to be that of the User(s).
4. The User(s) confirms that he/she is aware that the Transaction can be effected only through the use
of mobile number registered with the AMC.
5. All correspondence/communication in respect of the folio(s) will be sent by the AMC / Registrar at
the registered address/email address/ registered mobile number provided by the User(s).
6. The User(s) hereby confirms, acknowledges and undertakes to make payments for the Purchase
from their respective bank account(s) (and not by way of third party payments) and that the payment
will be through legitimate sources only.
7. Payment for the transaction request shall be through a payment gateway of the investor’s bank and
the AMC / Mutual Fund / Registrar will not be liable for any failures in the link or for any fraud
(either at the payment gateway's end and / or the bank’s end) that could take place at the time of
making payment.
8. The User(s) shall not assign any right or interest or delegate any obligation arising from availing
M–Transact facility.
9. The User(s) agree and confirm that if at any stage the information provided is found to be incorrect
/ false / erroneous, the AMC / Registrar reserves the right to, at its sole discretion and in the interest
of investors, reject the Registration cum Mandate and refund the Purchase amount or if Units have
been allotted, freeze the folio or Redeem the Units at Applicable NAV.
10. The User(s) shall take responsibility for all the transactions conducted by using M-Transact facility
unless it has been found to be fraudulent without information of the investor.
11. The User(s) understand that there will be no obligation on the AMC to ensure support all versions
of softwares if the same is required availing the M-Transact facility.
12. The Registration cum Debit Mandate shall be governed by and construed in accordance with Laws
of India and the User hereby irrevocably consents to the exclusive jurisdiction and venue of Courts
in Mumbai, Maharashtra, India in all disputes arising out of or relating to the use of M-Transact

65
facility. The AMC accepts no liability whatsoever, direct or indirect, for non-compliance with the
laws of any country other than the Republic of India.
13. Additionally, the User(s)confirm that the AMC, Registrar or their respective delegates, agents,
representatives or service providers, shall under no circumstances be liable for any damages or
losses whatsoever whether such damages or losses are direct, indirect, incidental, consequential and
irrespective of whether any claim is based on loss of revenue, investment, production, goodwill,
profit, interruption of business or any other loss or want character or nature whatsoever and whether
sustained by the User(s)or any other person, due to:
a. Error, defect, failure, interruption, disruption or non-availability of M-Transact facility in the
desired manner for reasons including but not limited to cancellation of the M-Transact facility,
natural calamity, floods, fire and other natural disasters, legal restraints, period maintenance of
servers, technical fault/error or virus, any failure of the service provider, loss or corruption of
data, mobile device failure or malfunctioning, faults or failures in telecommunication network,
software or hardware error or any other reason beyond the control of the AMC;
b. any transaction carried out in good faith by the AMC using M-Transact based on instructions
of the User(s);
c. any unauthorized usage / unauthorized transactions concluded by using M-Transact
d. any error, defect, failure or interruption in the provision of M-Transact;
e. any negligence / mistake or misconduct by the User(s) and / or for any breach or non-
compliance by the User(s) of the provisions of this SID or SAI or any other instructions
provided by the AMC;
f. not carrying out any such instructions where the AMC has reason to believe that the instructions
given are not genuine or are otherwise improper, unclear, vague or raise a doubt;
g. carrying out a Transaction after such reasonable verification as the AMC may deem fit
regarding the identity of the User(s); and
h. Non-compliance with the instructions, terms and conditions, confirmations, declarations or
authorizations set out in the OTM and Registration form.
i. any system failure of the concerned bank through which the User has availed this facility;
j. Disclosing or failing to take all reasonable steps to prevent disclosure of the access Details to
anyone and/or failing to advise the AMC of such disclosure within reasonable time; and
k. Breach of any Instructions provided in the OTM.
14. The User agrees and acknowledges that any transaction request sent by the User will not be
considered as accepted by the AMC/Registrar until the User receives a confirmation SMS from the
Registrar on the registered mobile number, displaying the date, time and the amount for which the
request has been received or a rejection SMS informing the User rejection of his/her SMS request.
ADDITIONAL FACILITY FOR PURCHASE / REDEMPTION OF UNITS THROUGH STOCK
EXCHANGE(S)
The Board of IDFC Asset Management Co. Ltd (AMC) & IDFC AMC Trustee Co. Ltd (Trustee) had
introduced the facility for purchase / redemption of units of eligible schemes through the MFSS
platform/ BSE star platform.
Pursuant to the requirement of SEBI Circular No. CIR/IMD/DF/17/2010 dated November 9, 2010, the
Board of Director of IDFC Asset Management Co. Ltd (AMC) & IDFC AMC Trustee Co. Ltd (Trustee)
have decided that:
(i) units of mutual fund schemes shall be permitted to be transacted through clearing members of the
registered Stock Exchanges.
(ii) to permit Depository participants of registered Depositories to process only redemption request of
units held in demat form.
I. Subscription / redemption of units
The following provisions shall be applicable with respect to investors having demat account and
purchasing/redeeming mutual fund units through stock exchange brokers and Clearing members:

66
(i) Investors shall receive redemption amount (if units are redeemed) and units (if units are purchased)
through broker/ clearing member's pool account. IDFC Mutual Fund / IDFC Asset Management Co.
Ltd. shall pay proceeds to the broker/clearing member (in case of redemption) and broker/clearing
member shall make payment to the investor. The units shall be credited by the AMC/ Mutual Fund into
broker/ clearing member's pool account (in case of purchase) and broker/clearing member shall credit
the units to the respective investor's demat account.
(ii) The AMC / Mutual Fund shall be discharged of its obligation of payment to the investors
immediately on making payment of the redemption proceeds to the broker/clearing members. In case
of purchase of units, crediting units into broker/clearing member pool account shall discharge
AMC/Mutual Fund of its obligation to allot units to individual investor.
II. Participants to be Official Points of Transaction
Participant (Clearing members and Depository participants) intending to extend the transaction in
eligible schemes of IDFC Mutual Fund through stock exchange mechanism shall be required to comply
with the requirements specified in SEBI circular No. SEBI /IMD / CIR No.11/183204/2009 dated
November 13, 2009 for stock brokers viz. AMFI /NISM certification, code of conduct prescribed by
SEBI for Intermediaries of Mutual Fund. All such participants will be eligible to be considered as
Official Points of acceptance as per SEBI Circular No. SEBI/IMD/CIR No.11/78450/06 dated October
11, 2006 for limited purposes of subscription and redemption transactions.
The transactions carried out on the above platform shall be subject to SEBI (Mutual Funds) Regulations,
1996 and circulars / guidelines issued hereunder from time to time.
Mutual Fund Distributors
Mutual Fund Distributors (MF Distributors) are permitted to use recognised StockExchange
infrastructure to purchase/redeem units directly from Mutual Fund/AMC on behalf of their clients.
Following guideline shall be applicable for transactions executed through MF Distributors through the
Stock Exchange Mechanism:
1. MF Distributor registered with Association of Mutual Funds in India (AMFI) and permitted by the
concerned recognized stock exchanges shall be eligible to use recognized stock exchanges’
infrastructure to purchase and redeem mutual fund units (Demat / Non Demat) on behalf of their clients,
directly from IDFC Mutual Fund (IDFC MF).
2. MF distributors shall not handle pay out/pay in of funds as well as units on behalf of investor.
3. Pay in will be directly received by recognized clearing corporation and payout will be directly made
to investor account. In the same manner, units shall be credited and debited directly from the demat
account/Folio of investors in case of Demat/Non-demat transactions respectively.
Facility to transact in units of schemes through Indian Commodities Exchange Limited (ICEX)
platform:
An additional facility for transacting in the units of the Scheme through the platform provided by Indian
Commodities Exchange Limited (ICEX) is available. Currently, this facility is available only for
physical / non-demat transactions.
Following guidelines shall be applicable for transactions executed through the ICEX platform:
1. All trading members of ICEX and Mutual Fund Distributors who are registered with Association
of Mutual Funds in India (“AMFI”) as Mutual Fund Advisors/Distributors and empaneled with
IDFCMF and permitted by ICEX to use its platform shall be eligible to offer
purchase/redemption/switch of units to the investors of the scheme(s) through ICEX platform in

67
physical or non-demat mode only and it shall be treated as an Official Point of Acceptance of
Transactions (“OPAT”).
2. The window for transaction in units on the ICEX platform will normally be available between 9
a.m. and 3 p.m. or such other timings as may be decided from time to time by ICEX in line with
the cut-off time fixed/revised by SEBI from time to time. Transactions entered beyond the above
mentioned time will be considered for next business day.
3. Transactions for this purpose shall mean all financial transactions i.e. purchase (including
systematic registrations like SIP / STP / SWP), additional purchase, redemption and switches.
4. Clearing Members/ICEX/Metropolitan Clearing Corporation of India Limited (MCCIL) shall be
required to comply with the conditions stipulated in SEBI circular vide reference no.
11/183204/2009 dated November 13, 2009 for stock brokers viz AMFI/NISM Certification, code
of conduct prescribed by SEBI for Intermediaries of Mutual Fund.
5. Investors will be required to comply with Know Your Customer (“KYC”) norms as prescribed by
ICEX and IDFCMF to avail this facility.
6. Time stamping as evidenced by confirmation slip given by ICEX mechanism will be considered
for the purpose of determining applicable NAV and cut off timing for the transactions. The
applicability of NAV will be subject to guidelines issued by SEBI from time to time on uniform
cut off time for applicability of NAV.
7. The investors are requested to note that the allotment of NAV will be based on the time stamping
of transaction on the server of ICEX and the receipt of Funds into the account of the respective
schemes of the AMC/IDFCMF from the Clearing Corporation, within the overall guidelines issued
by SEBI on the matter, from time to time. The payment by the investor to the Clearing Corporation
will not entitle the investor for the NAV until the same is transferred into the scheme's account of
the AMC/IDFCMF by the MCCIL, before the stipulated cut off time, if the sum of all transactions
by any specific investor in a particular scheme (at portfolio level) during any Business day equals
to Rs. 2 lakhs or more for non-Liquid Schemes and for all purchase cases of Liquid Fund,
irrespective of the amount. The redemption request shall be accepted by the Exchange upto the cut
off time stipulated and revised by SEBI from time to time, failing which the request shall be
processed with the NAV applicable for the next permissible business day.
8. MF Distributors shall not handle pay out/pay in of funds as well as units on behalf of investor. Pay
in will be directly received by the MCCIL, recognized clearing corporation and payout will be
made directly to the Investors account. In the same manner, units shall also be allotted or redeemed
directly to/by the investors.
9. In case of a Member/Broker, payment of redemption proceeds to the Clearing
Corporation/Broker/Member by the AMC/IDFCMF shall discharge the AMC/IDFCMF of its
obligation of payment to respective investor through the Member/Broker. Similarly, in case of
purchase of units, crediting units into the Pool Account of the Clearing
Corporation/Broker/Member concerned shall discharge the AMC/ IDFCMF of its obligation to
allot units, to respective investor through the Member/Broker.
10.The facility of transacting in mutual fund schemes through ICEX infrastructure is available subject
to such limits, operating guidelines, terms and conditions as may be prescribed by the
ICEX/SEBI/IDFCMF from time to time.
11.For any grievances with respect to transactions executed through ICEX platform, the investors/unit
holders are requested to approach their Distributor or the investor grievances cell of the ICEX.
Facility to transact in the schemes of IDFC Mutual Fund through MF Utility infrastructure:
IDFC Asset Management Company Limited (“IDFC AMC”) has entered into an Agreement with MF
Utilities India Private Limited (“MFUI”), a SEBI registered Category II Registrar to an Issue, for usage
of MF Utility (“MFU”) - a shared services initiative of various asset management companies of mutual
funds in India, which acts as a transaction aggregation portal for transacting in multiple schemes of
various mutual funds in India with a single form and a single payment instrument.
Investors / prospective investors can submit the applications / requests for all financial and non-financial
transactions in the schemes of IDFC Mutual Fund (“IDFC MF”) through MFU. Investors / prospective
investors desirous to route their transactions through MFU can submit the physical applications /
requests at any of the authorised Point of Service locations (“POS”) designated by MFUI from time to

68
time. In addition to the same, investors can also submit the transactions electronically on the online
transaction portal of MFUI (www.mfuonline.com) as and when such a facility is made available by
MFUI.
IDFC AMC hereby declares all the authorised MFUI POS designated by MFUI from time to time as
the Official Points of Acceptance of Transactions (“OPAT”) of IDFC MF effective February 06, 2015
(Friday) in respect of the transactions in the schemes of IDFC MF routed through MFU by the investors
/ distributors. Additionally, the online transaction portal of MFUI (www.mfuonline.com) will also be
an OPAT of IDFC MF from the date the transaction facility is made available by MFUI on the said
portal.
The “cut off time” as mentioned in the respective Scheme Information Documents shall be reckoned at
the above OPATs also.
For facilitating investors to transact through MFU, MFUI will allot a Common Account Number
(“CAN”), a single reference number for all investments in the Mutual Fund industry, for transacting in
multiple schemes of various mutual funds through MFU andto map existing folios, if any. Investors can
create a CAN by submitting the CAN Registration Form and other necessary documents at any of the
MFUI POS. IDFC AMC and / or its Registrar and Transfer Agent (“RTA”) shall provide necessary
details to MFUI as may be needed for providing the required services to investors / distributors through
MFU.
For facilitating transactions through MFU, IDFC MF / IDFC AMC will be required to furnish and
disclose certain information / details about the investor(s), which may include certain personal
information including financial information, with MFUI and / or its authorised service providers.
Investors transacting through MFU shall be deemed to have consented and authorised IDFC MF / IDFC
AMC to furnish and disclose all such information to MFUI and/or its authorised service providers as
may be required by MFUI from time to time.
The transactions routed through the MFU shall be subject to the terms & conditions as may be stipulated
by MFUI / IDFC AMC / IDFC MF from time to time. Further, investments in the schemes of IDFC MF
routed through MFU shall continue to be governed by the terms and conditions stated in the Scheme
Information Document of the respective scheme(s).
Investor Servicing
Investors may contact the Customer Care of MFUI on 1800-266-1415 (during the business hours on all
days except Sunday and Public Holidays) or send an email to clientservices@mfuindia.com for any
service required or for resolution of their grievances in respect of their transactions routed through
MFU.
For any escalations and post-transaction queries pertaining to the schemes of IDFC MF, the investors
should contact IDFC AMC.
About MFU
To know more about MFU and the list of authorised MFUI POS, please visit the MFUI website
(www.mfuindia.com). For any queries or clarifications related to MFU, please contact the Customer
Care of MFUI on 1800-266-1415 (during the business hours on all days except Sunday and Public
Holidays) or send an email to clientservices@mfuindia.com.
WEB TRANSACTIONS:
The Mutual Fund may allow subscriptions of Units by electronic mode through the various web sites
with whom the AMC would have an arrangement from time to time. Normally, the subscription
proceeds, when invested through this mode, are by way of direct credits to the designated bank
collection account of the Scheme. In the case of subscription transactions through the aggregator
platforms, the amount is credited to the pool account of the Mutual Fund. The intermediary will
aggregate the data and forward the same to the AMC / ISC for processing. Unit holders may request for

69
change of address/ bank account etc. through this mode provided, such website(s) provide for this
facility. The investor is required to send the signature card with the specimen signatures of all the
applicants, to the AMC / ISC. In the case of signatures not being made available, any request received,
whether financial / nonfinancial, including request for Redemption of Units, shall not be processed till
such time that the specimen signature cards duly signed by the applicants are received by the AMC /
ISC. The Applicable NAV for subscriptions / redemptions of Units through Electronic Mode will be in
accordance with the SEBI (MF) guidelines for Time Stamping and Cut-off Timings for subscriptions /
redemptions made on ongoing basis. The Mutual Fund, the AMC, the Trustee, alongwith its directors,
employees and representatives shall not be liable for any damages or injuries arising out of or in
connection with the use of the web-site or its non-use including non-availability or failure of
performance, loss or corruption of data, loss of or damage to property (including profit and goodwill),
work stoppage, computer failure or malfunctioning or interruption of business; error, omission,
interruption, deletion, defect, delay in operation or transmission, computer virus, communication line
failure, unauthorised access or use of information. The Mutual Fund may introduce a facility for
distributors to transact on the web / App based transaction on behalf of their clients, provided the client
has provided requisite authorisation to the distributors.
ELECTRONIC SERVICES
This facility enables investors to transact online on www.idfcmf.com, Unitholders can execute
transactions online for purchase*, switch and also register for Systematic Investment Plan (SIP) /
Systematic Transfer Plan (STP) of units of schemes of IDFC Mutual Fund and other services as may
be introduced by IDFC Mutual Fund from time to time. Unitholders can also view account details and
portfolio valuation online, download account statements and request for documents via email, besides
other options.
*facility available with select banks and subject to submission of Permanent Account Number (PAN)
and Know Your Customer (KYC) compliance proof as applicable under the Regulations.
SUBSCRIPTION OF UNITS THROUGH ELECTRONIC MODE
Subject to the investor fulfilling certain terms and conditions as stipulated by AMC from time to time,
the AMC, Mutual Fund, Registrar or any other agent or representative of the AMC, Mutual Fund, the
Registrar ("Recipient") may accept transactions through any electronic mode ("fax/web/electronic
transactions") as permitted by SEBI or other regulatory authorities. The acceptance of the fax / web
/electronic transactions will be solely at the risk of the transmitter of the fax / web / electronic
transactions and the Recipient shall not in any way be liable or responsible for any loss, damage caused
to the transmitter directly or indirectly, as a result of the transmitter sending or purporting to send such
transactions including where a fax / web /electronic transactions sent / purported to be sent is not
processed on account of the fact that it was not received by the Recipient. Facility of online transactions
is available on the official website of IDFC Mutual Fund i.e. www.idfcmf.com. Consequently the said
website is declared to be an “official point of acceptance” for applications for subscriptions, switches
and other facilities. The Uniform Cut -off time as prescribed by SEBI and as mentioned in the Scheme
Information Documents of the Scheme shall be applicable for applications received on the website.
The transmitter acknowledges that fax/web/electronic transactions is not a secure means of giving
instructions / transactions requests and that the transmitter is aware of the risks involved including those
arising out of such transmission being inaccurate, imperfect, ineffective, illegible, having a lack of
quality or clarity, garbled, altered, distorted, not timely etc. The transmitter's request to the Recipient to
act on any fax / web / electronic transmission is for the transmitter's convenience and the Recipient is
not obliged or bound to act on the same.
The transmitter authorizes the recipient to accept and act on any fax / web / electronic transmission
which the recipient believes in good faith to be given by the transmitter and the recipient shall be entitled
to treat any such fax / web / electronic transaction as if the same was given to the recipient under the
transmitter's original signature. The transmitter agrees that security procedures adopted by the recipient
may include signature verification, telephone call backs or a combination of the same, which may be

70
recorded by tape recording device and the transmitter consents to such recording and agrees to co-
operate with the recipient to enable confirmation of such fax/web/ electronic transaction requests. The
transmitter accepts that the fax / web / electronic transactions shall not be considered until time stamped
as a valid transaction request in the Scheme in line with SEBI (MF) regulations. In consideration of the
Recipient from time to time accepting and at its sole discretion (including but not limited to the AMC
extending / discontinuing such facilities from time to time) acting on any fax / web / electronic
transaction request received / purporting to be received from the transmitter, the transmitter agrees to
indemnify and keep indemnified the AMC, Directors, employees, agents, representatives of the AMC,
Mutual Fund and Trustees from and against all actions, claims, demands, liabilities, obligations, losses,
damages, costs and expenses of whatever nature (whether actual or contingent) directly or indirectly
suffered or incurred, sustained by or threatened against the indemnified parties whatsoever arising from
or in connection with or any way relating to the indemnified parties in good faith accepting and acting
on fax / web / electronic transaction requests including relying upon such fax / electronic transaction
requests purporting to come from the Transmitter even though it may not come from the Transmitter.
The AMC reserves the right to modify the terms and conditions or to discontinue the facility at any
point of time.
TRANSACTION THROUGH E-MAIL FACILITY
Transaction through e-mail (the facility) is available to Corporate & Retail Investors. Investors
intending to transact in the Schemes of IDFC Mutual Fund through e-mail, shall send scan copies of
transaction request through e-mail. Operational procedure and requirement specific to this facility is
stated in the Application Form. Corporate investor will have to mandatorily register mail-ids of
authorised signatories, as approved by its Board of Directors/Trustees/partners registered under the
Folio. E-mails sent for transaction under this facility have to be sent to amc.etransact@idfc.com, and
should be sent only from any of the e-mail ids of the authorised signatories (“Users”) registered under
this facility. Transaction can be rejected, in case retail investor does not submits the original transaction
request at the nearest branch within 2 days. Unitholder who wish to avail this facility has to submit a
duly filled in Application Form at AMC branches.The Application Form is available on our website –
www.idfcmf.com and also at our branch offices.
Terms & Conditions for availing Transaction through e-mail facility:-
- The Unit holder authorizes IDFC AMC to honour all requests received from the email address(s).
In the event of any change in authorized persons/signatories for any reasons whatsoever, the Unit
Holder agrees to intimate IDFC AMC about the change.
- Unit holder confirms that particulars provided are correct and confirm that the officials have the
necessary power and authority to transact in the Schemes of IDFC Mutual Fund. If the transactions
are delayed or not effected for reasons such as incomplete or incorrect or inaccurate information,
the Unit holder agrees not to hold IDFC AMC responsible for any consequences arising thereof.
- In the event of delay in processing of transaction(s) for reason not attributable to AMC, the Unit
holder agrees not to hold IDFC AMC responsible for non-creation of units or for any consequences
arising thereof.
- The Unit holder agrees that allotment of units will be effected as per the terms and conditions
mentioned in the Statement of Additional Information / Key Information Memorandum of eligible
schemes.
- The Unit holder agrees that IDFC AMC shall not be liable for, nor be in default by reason of, any
failure or delay in execution of a transaction request, where such failure or delay is caused by force
majeure events, or any other cause of peril which is beyond IDFC AMC's reasonable control and
which has the effect of preventing IDFC AMC to perform the services contemplated by this
facility.
- The Unit holder agrees to ensure that the standing instruction to IDFC AMC remains valid at all
times and may be revoked only through a written letter signed by authorized signatories and after
giving prior notice of 30 days to IDFC AMC to effect such withdrawal.
- The Unit Holder agrees that IDFC AMC will not be liable to the Unit holder for any damages
whether direct or indirect, consequential or special, exemplary or punitive losses, costs or injury
suffered, by the Unit holder, or by others, related to the use or cancellation of this facility.

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- Unit holder confirms that the scan copy of transaction provided by e-mail will be held on records
by IDFC AMC and the same shall be conclusive proof and binding for all the purposes and may
be used as evidence in any proceeding.
- Unit holder agrees that it shall be its sole responsibility to ensure protection, access control and
confidentiality of e-mailbox of the user and any breach / compromise thereof shall be entirely at
the Unit holder's risk :-
(a) The Unit holder agrees and acknowledges that any transaction, undertaken using the User’s
e-mailbox shall be deemed to be that of the Unit holder.
- Unit holder agrees and acknowledges that the transaction submitted through scan copy carries risk.
IDFC AMC may act upon the instruction received under this facility and shall not be held
responsible if the transaction is unauthorised, fraudulent or mistakenly sent.
- The Unit holder agrees and confirms that the AMC may at its sole discretion suspend the Facility
with intimation to investors if (i) the Unit holder does not comply with any of the Terms and
Conditions or any modifications thereof, (ii) the AMC has the reason to believe that such
processing is not in the interest of the Unit holder or is contrary to Regulation/SIDs/amendments
to the SID
- The Unit holder shall take responsibility for all the transactions conducted by using the Facility
and will abide by the record of transactions generated by the AMC. The Unit holder hereby
confirms, acknowledges and undertakes to make payments for Subscription of Units of the Scheme
from their respective bank account(s) in Compliance with applicable provisions relating to third
party payments detailed in the SID / SAI and that the payment will be will be through legitimate
sources only.
- The transaction received at IDFC AMC through the transaction through email platform would be
printed and time stamped at IDFC AMC. Applicable NAV for the transactions will be dependent
upon the scan copy of the application being time stamped and receipt of funds into the IDFC
Collection Account whichever is later, and will be subject to applicable cutoff time for acceptance
of transaction.
- IDFC AMC shall endeavor to make a confirmation call to the registered number for confirming
the transaction.
- This facility is only a mode of submission of application. The investor needs to instruct its banker
separately and appropriately for transfer of funds to the Mutual Fund’s account.
- The AMC shall not be obligated to instruct or other liaise with the investor’s bank for the same.
- The Unit holder agrees that use of the Facility will be deemed acceptance of the Terms and
Conditions.
Indemnities in favour of IDFC AMC:
Subject to the investor fulfilling certain terms and conditions as stipulated by AMC from time to time,
the AMC, Mutual Fund, Registrar or any other agent or representative of the AMC, Mutual Fund, the
Registrar (“Recipient”) may accept transactions through any electronic mode
(fax/web/telephonic/mobile/SMS texts/electronic transactions) (“Electronic Transactions”).
The acceptance of Electronic Transactions will be solely at the risk of the investor and the Recipient
shall not in any way be liable or responsible for any loss, damage caused to the investor directly or
indirectly, as a result of the investor sending or purporting to send such transactions including where
such transaction sent / purported to be sent is not processed on account of the fact that it was not received
by the Recipient.
The investor acknowledges that Electronic Transactions is not a secure means of giving instructions /
transactions requests and that the investor is aware of the risks involved including those arising out of
such transmission being inaccurate, imperfect, ineffective, illegible, having a lack of quality or clarity,
garbled, altered, distorted, not timely etc. The investor’s request to the Recipient to act on Electronic
Transactions is for the investor’s convenience and the Recipient is not obliged or bound to act on the
same. The investor authorizes the recipient to accept and act on any Electronic Transactions which the
recipient believes in good faith to be given by the investor and the recipient may at its discretion treat
any such transaction as if the same was given to the recipient under the investor’s original signature.

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In case there is any difference between the particulars mentioned in the fax/ web/ electronic transmission
received as against the original document which may be received thereafter, the Recipient shall not be
liable for any consequences arising therefrom.
The investor agrees that the recipient may adopt additional security measures including signature
verification, telephone call backs or a combination of the same, which may be recorded and the investor
consents to such recording and agrees to co-operate with the recipient to enable confirmation of such
transaction requests. In consideration of the Recipient from time to time accepting and at its sole
discretion (including but not limited to the AMC extending/ discontinuing such facilities from time to
time) acting on any Electronic Transactions request received / purporting to be received from the
investor, the investor agrees to indemnify and keep indemnified the AMC, Directors, employees, agents,
representatives of the AMC, Mutual Fund and Trustees from and against all actions, claims, demands,
liabilities, obligations, losses, damages, costs and expenses of whatever nature (whether actual or
contingent) directly or indirectly suffered or incurred, sustained by or threatened against the indemnified
parties whatsoever arising from or in connection with or any way relating to the indemnified parties in
good faith accepting and acting on Electronic Transactions requests including relying upon such
transaction requests purporting to come from the investor. The AMC reserves the right to modify the
terms and conditions or to discontinue the facility at any point of time.

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B. ONGOING OFFER DETAILS
Ongoing Offer Period
The Scheme shall re-open for ongoing subscription and redemption within five business days of
allotment. The Date of allotment will be within five business days from the closure of the NFO.
Minimum Application Amount
Particulars Details
Initial Investment Rs.5,000/- and any amount thereafter
Additional Purchases Rs.1,000/- and any amount thereafter
Redemption /
Repurchase
Rs.500/- or the account balance of the investor, whichever is lower.
SIP Rs.1,000/- and in multiples of Re.1 thereafter [minimum 6
installments]
SWP Rs.200/- and in multiples of Re.1 thereafter
STP (in) Rs.1,000/- and any amount thereafter
Ongoing price for subscription (purchase)/switch-in (from other schemes/plans of the mutual
fund) by investors:
During the continuous offer of the scheme, the units will be available at the applicable NAV based
prices. This is the price that an investor will pay for purchase / switch in.
Ongoing price for redemption (sale) /switch-outs (to other schemes/plans of the Mutual Fund) by
investors:
At the applicable NAV subjects to prevailing exit load. This is the price you will receive for
redemptions/switch outs.
Example: If the applicable NAV is Rs.10, exit load is 2% then redemption price will be:
Rs. 10* (1-0.02) = Rs. 9.80
The Redemption Price will not be lower than 93% of the NAV and the Purchase Price will not be higher
than 107% of the NAV, provided that the difference between the Redemption Price and the Purchase
Price at any point in time shall not exceed the permitted limit as prescribed by SEBI from time to time,
which is currently 7% calculated on the Purchase Price.
SWITCH FACILITY
a) Inter - Scheme switching option
Unit holders under the Scheme have the option to Switch part or all of their Unit holdings in the Scheme
to any other Scheme offered by the Mutual Fund from time to time. The Mutual Fund also provides the
Investors the flexibility to switch their investments from any other scheme(s) / plan (s) offered by the
Mutual Fund to this Scheme. This option will be useful to Unit holders who wish to alter the allocation
of their investment among the scheme(s) / plan(s) of the Mutual Fund in order to meet their changed
investment needs.
The switch will be effected by way of a redemption of units from the scheme at Applicable NAV, and
reinvestment of the Redemption proceeds into another Scheme offered by the Mutual Fund at
Applicable NAV and accordingly the switch must comply with the redemption rules of the switch out
scheme and the subscription rules of the switch in scheme.
b) Intra -Scheme Switching option

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Unit holders under the Scheme have the option to switch their Units holding from one option to another
option (i.e. Growth to Dividend and vice-a-versa). The Switches would be done at the Applicable NAV
based prices. Switching shall be subject to the applicable “Cut off time and Applicable NAV” stated
elsewhere in the Scheme Information Document.
In case of “Switch” transactions from one scheme to another, the allocation shall be in line with
Redemption payouts.
Investors so desiring to switch may submit a switch request, already available with them along with an
application form of the Scheme indicating therein the details of the scheme to which the switch is to be
made. Applications for switch as above should specify the amount/Units to be switched from out of the
Units held in any of the existing Schemes of the Fund. The switch request will be subject to the
minimum application size and other terms and conditions of the SID of this Scheme and the scheme
from which the amount is switched out.
Note:
The switch will be effected by redeeming Units from the Scheme in which the Units are held and
investing the net proceeds in the other Scheme(s)/Plan(s), subject to terms and conditions of respective
Scheme(s)/ Plan(s).
The price at which the Units will be switched out of the Scheme(s) will be based on the Applicable
NAV of the relevant Scheme(s)/ Plan(s) and after considering any exit/entry/ combination of entry and
exit loads that the Trustee may approve from time to time
Cut off timing for subscriptions/ redemptions/ switches
(applicable with effect from February 1, 2021 or such other date as may be specified by SEBI
from time to time)
Subscription facility is available on a continuous basis.
A. Applicable NAV for Subscriptions / Switch-ins (irrespective of application amount):
1. In respect of valid applications received upto 3.00 p.m on a Business Day at the official point(s)
of acceptance and funds for the entire amount of subscription/purchase (including switch ins)
as per the application are credited to the bank account of the respective Scheme before the cut-
off time i.e available for utilization before the cut-off time - the closing NAV of the day shall
be applicable
2. In respect of valid applications received after 3.00 p.m on a Business Day at the official point(s)
of acceptance and funds for the entire amount of subscription/purchase (including switch ins)
as per the application are credited to the bank account of the respective Scheme before the cut-
off time of the next Business Day i.e available for utilization before the cut-off time of the next
Business Day - the closing NAV of the next Business Day shall be applicable
3. Irrespective of the time of receipt of application at the official point(s) of acceptance, where
funds for the entire amount of subscription/purchase as per the application are credited to the
bank account of the respective Scheme before the cut-off time on any subsequent Business Day
- i.e available for utilization before the cut-off time on any subsequent Business Day - the
closing NAV of such subsequent Business Day shall be applicable.
4. The aforesaid provisions shall also apply to systematic transactions i.e Systematic Investment
Plan (SIP), Systematic Transfer Plan (STP).
B. Applicable NAV (for sales/Redemption/Switch out)
Where the application is received upto 3.00 pm, closing NAV of the day on which the
application is received shall be applicable and if the application is received after 3.00 pm
closing NAV of the next business day shall be applicable.
Where can the applications for purchase/redemption switches be submitted?

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The redemption/ repurchase requests can be made on the transaction slip for redemption available at
the Official point of acceptance of transactions or the office of the Registrar or the offices of the AMC
on any business day (as per details given in the last few pages and the back cover page of this document).
In case the Units are standing in the names of more than one Unitholder, where mode of holding is
specified as 'Jointly', redemption requests will have to be signed by all joint holders. However, in cases
of holding specified as 'Anyone or Survivor', any one of the Unitholders will have the power to make
redemption requests, without it being necessary for all the Unitholders to sign. However, in all cases,
the proceeds of the redemption will be paid only to the first-named holder.
The Unitholder may either request for mailing of the redemption proceeds to his/her address or the
collection of the same from the Official point of acceptance of transactions.
Special Products / facilities available
SYSTEMATIC INVESTMENT PLAN (SIP)
Unitholders of the scheme/s can invest through Systematic Investment Plan. SIP allows the unitholder
to invest a specified sum of money each month with a minimum amount of Rs. 1,000 with minimum 6
instalments. Unitholders have an option to invest on monthly basis and choose any day of the month
except 29th
, 30th
and 31st
as the date of installment.
The unitholder who wish to opt for monthly SIP, has to commit investment by providing the Registrar
with at least six post-dated cheques/debit mandate/mandate form for Electronic Clearing System (ECS)/
such other instrument as recognized by AMC from time to time for a block of 6 months in advance. SIP
can commence on any date as desired and specified by the unitholder in SIP application form.
Cheques/debit mandate/ mandate form for Electronic Clearing System (ECS)/ such other instrument as
recognized by AMC from time to time should be drawn in favour of the Scheme.
The AMC reserves the right to introduce SIPs at such other frequencies such as weekly / quarterly /
half-yearly etc. as the AMC may feel appropriate from time to time.
OTHER SIP FACILITIES:
 Perpetual SIP: Under this SIP facility the investor need not mention the maximum installment.
The SIP shall end on December 31, 2099 automatically. In case there is no mention of the number
of installments; the SIP shall be registered under the Perpetual SIP facility.
 Differential SIP: Under this facility the investor has a choice of registering the SIP in such a
manner that the 1st
SIP installment will be lower / higher than the subsequent installments.
 In case of existing folio’s, there is no requirement of registering the 1st
installment, all 6
installments shall be considered as SIP transactions.
 An Investor can register a SIP along with ECS mandate without providing the initial cheque. The
SIP installment shall get activated/triggered in the scheme for the amount opted by the investor in
the SIP form. The gap between the SIP registration date and the first installment shall be minimum
30 days.
 SIP Top-up facility –
- This facility is not available under Micro-SIP.
- Top-up facility has to be opted at the time of SIP registration. Existing SIPs cannot be converted
into this facility;
- Minimum SIP Top Up amount shall be Rs.500/- and in multiples of Rs.500/- thereafter;
- Top up facility can be registered only for investments through ECS;
- Frequency for increasing the amount of instalment – Half-yearly and Annual. Default frequency
– Annual;
- Once registered under this facility, for any modification to the details registered, Investors will
have to cancel the existing SIP registration and re-register;

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- All other terms & Conditions applicable for regular SIP will be applicable to this facility;
- Registration under this facility is subject to Investor’s Bankers accepting the mandate for SIP
Top- up.
For all the SIP facilities the minimum investment amounts/ minimum no of installments shall be
applicable.
SIP PAUSE FACILITY
SIP Pause facility allows investors to pause their existing SIP for a temporary period, without
discontinuing the existing SIP. Following are the terms and conditions of the facility.
Terms and Conditions:
1. The SIP Pause facility is available in all schemes where SIP is available.
2. The SIP Pause facility is available for SIPs registered using any mode (Physical / Online). This
facility will not be available for mandates registered under Standing Instruction mode under Direct
Debit arrangement.
3. Investors may write to investormf@idfc.com from their registered email id in the folio, to avail SIP
Pause facility. The email subject line should clearly specify the words ‘SIP Pause’. Further, the E-
mail request should clearly provide below details:
a. Folio Number
b. Name of the Scheme – Plan – Option
c. SIP Instalment Amount
d. SIP Date
e. SIP Pause Start Date (mm/yyyy)
f. SIP Pause End Date (mm/yyyy)
4. Any request received from Email-ID other than registered Email-ID in the folio or requests received
with incomplete / incorrect details are liable to be rejected.
5. SIP Pause facility can also be availed on BSE StAR MF Platform for all the SIPs registered through
BSE StAR MF Platform.
6. SIP Instalments can be paused for a minimum period of one (1) month to maximum of three (3)
months.
7. SIP shall restart immediately after completion of Pause period.
8. SIP Pause request should be received at least 15 calendar days prior to the instalment date for the
concerned SIP, which is required to be paused.
9. Request for SIP Pause facility can be given upto six months in advance.
10. Modification of SIP Pause facility will not be accepted. However, investor may cancel his SIP Pause
request by writing to investormf@idfc.com, provided such a request for cancellation shall be
submitted at least 15 calendar days prior to the instalment date for the concerned SIP, which is
required to be paused.
11. If SIP Pause period coincides with SIP Top Up trigger period, SIP instalment amount post
completion of SIP Pause period would be inclusive of SIP Top Up amount. For eg: SIP Instalment
amount prior to Pause period is Rs. 2,000/- and the Top-Up amount is Rs. 1,000/-. If the Pause
period is completed after date of Top-Up, then the SIP instalment amount post-completion of Pause
period shall be Rs. 3,000/-.
12. SIP Pause facility can be availed multiple times during the tenure of the SIP. However, there shall
be a gap of at least one SIP instalment between two SIP Pause requests.
13. In case multiple SIPs are registered in a folio with the same amount, same instalment date and under
the same scheme, then SIP Pause request shall be applied to the first SIP registered.
14. The AMC reserves the right to change / modify the terms and conditions of the facility or withdraw
the facility at a later date.
NATIONAL AUTOMATED CLEARING HOUSE FACILITY (NACH)
Investors can enroll for investments in Systematic Investment Plan (SIP) through National Automated

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Clearing House (NACH) Platform. NACH is a centralised system,launched by National Payment
Corporation of India (NPCI) for consolidation of multiple Electronic Clearing Service system. NACH
facility can be availed only if the Investor’s Bank is a participating Bank in NACH Platform and subject
to Investors Bank accepting NACH Registration mandate. Registration Forms are available on
www.idfcmf.com and at our Branch Offices. For registration under NACH, investors are required to
submit registration form (mandatorily to be printed on 8 inches*3.75 inches paper size) and requisite
documents atleast 31days prior to the first SIP installment date. Existing Investors, who wish to invest
in SIP through NACH, will have to cancel th existing ECS/DD mandate and register under NACH.
Once registered under this facility, for any modification to the mandate registered, Investors will have
to cancel the existing SIP registration and re-register.
Auto Termination of Systematic Investment Plan (SIP)Transactions:
SIP transactions shall be auto terminated on account of six continuous failures including but not limited
to below stated reasons :
i) Insufficient funds/payment stopped by Investor;
ii) Electronic Clearing Service (ECS) mandate not received;
iii) Bank Account provided by the investor does not exist;
iv) Bank Account closed or transferred by the investor;
v) Investors account description does not tally with the description maintained by RTA/Mutual Fund;
vi) In case of specific court order.
SYSTEMATIC WITHDRAWAL PLAN (SWP)
Unitholders of the Scheme have the benefit of enrolling themselves in the Systematic Withdrawal Plan.
The SWP allows the Unitholder to withdraw a specified sum of money periodically from his
investments in the Scheme. SWP is ideal for investors seeking a regular inflow of funds for their needs.
It is also ideally suited to retirees or individuals who wish to invest lumpsums and withdraw from the
investment over a period of time.
The Unitholder may avail of this plan by sending a written request to the Registrar. This facility is
available in the growth and dividend option.
SWP is available in following options of withdrawal amount and frequencies:
Fixed Amount SWP:
A fixed amount specified by the investor will be redeemed on the SWP date.
Withdrawal amount - Minimum Rs.200/- and in multiple of Re.1/- thereafter.
Withdrawal frequency – Monthly, Quarterly, Half yearly and Annual
Dates - Any date*.
Capital Appreciation SWP:
The entire capital appreciation as on the date of withdrawal will be redeemed on the SWP date.
Withdrawal frequency – Monthly, Quarterly, Half yearly, Annual and March Payout
Dates - Any date*
Fixed Percentage SWP:
Terms and conditions of the facility are as below:
1. The unitholder should register for the facility at least 10 days before the first withdrawal date.
2. Facility is provided to investors for withdrawal of an amount, as a percentage of the specified
amount, at Monthly / Quarterly / Half Yearly / Yearly frequencies.
3. Investors can choose any date* as date of withdrawal.
4. Withdrawals will be made / effected on the date chosen for the selected frequency and would be
treated as redemptions.
5. The percentage opted by the unitholder has to be for minimum 5% p.a. and in multiples of 1%
thereafter. Minimum SWP amount should be Rs. 200 and above.

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6. In case percentage of withdrawal from specified amount is not opted by the investor, 7% would be
considered as default percentage of withdrawal.
7. All requests for discontinuing Fixed Percentage Withdrawal Facility shall be subject to advance
notice of 10 days prior to the next withdrawal date.
* If the date chosen by the investor falls on a non-business day or on a date which is not available in a
particular month, then the SWP will be triggered on immediately next business day.
For the purpose of determining the month of processing redemption in monthly / quarterly / half yearly
/ annual payout option of the SWP, the same shall be calculated from the month of registration of the
SWP.
SYSTEMATIC TRANSFER PLAN (STP)
Investors can opt for the Systematic Transfer Plan by investing a lumpsum amount in one scheme of
the Mutual Fund and providing a standing instruction to transfer a pre-specified sum into any other
scheme of IDFC Mutual Fund. Investors can also opt for STP from an existing account by quoting their
account / folio number.
The Unitholder may avail of this plan by sending a written request to the Registrar. STP is available in
following options of transfer amount and frequencies:
Fixed Amount STP:
A fixed amount specified by the investor will be transferred (switched) on the STP date.
 Eligibility – Fixed amount STP is available in the Growth and Dividend Options of the Source
schemes.
 Transfer amount (per instalment)- Minimum Rs.1,000/- and any amount thereafter.
 No. of instalment – The Fixed Amount STP can be registered with minimum of 6 (six) instalments.
There is no upper limit on the same.
 Transfer frequency – STP can be effected as per following frequencies chosen by Investor:
a) Monthly: any day of the month except 29th, 30th and 31st day of the month
b) Fortnightly: 1st & 16th
c) Weekly: Date option - 7th, 14th, 21st, 28th day of every month; or Day option - every
Monday of the week
d) Daily: all business days
Capital Appreciation STP:
 Eligibility - The Capital Appreciation option under STP facility is available only under the Growth
Options of the Source schemes.
 Transfer frequency - Monthly, Quarterly, Half yearly and Annual
 Transfer dates -
a) Monthly: any day of the month except 29th, 30th and 31st day of the month
b) Quarterly: any day of the first month of each quarter (3 months period) commencing from the
month of registration of the STP) except 29th, 30th and 31st day of the month
c) Half yearly: any day of the first month of each half year (6 months period) commencing from
the month of registration of the STP) except 29th, 30th and 31st day of the month
d) Annual: any day of the first month of each year (12 months period) commencing from the
month of registration of the STP) except 29th, 30th and 31st day of the month
 Transfer amount (per instalment)- The entire capital appreciation in the Source scheme on the STP
day, subject to a minimum of Rs.500/- will be transferred (switched) from the Source scheme to
Target scheme.
If the appreciation in the source scheme on the STP day falls below the minimum threshold of Rs.500/-
, the relevant instalment will be skipped and no transfer will be processed.
 Minimum number of instalments - The Capital Appreciation STP can be registered with minimum
of 6 (six) instalments. There is no upper limit on the same.
If STP day falls on non-business day, the STP transaction shall be processed on the next business day.

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The AMC reserves the right to introduce STPs at such other frequencies such as quarterly / half-yearly
etc. or on any dates as the AMC may feel appropriate from time to time.
All systematic investment applications received during the New Fund Offer (NFO) Period, the start date
shall be at least 30 days after the NFO allotment date.
Auto Termination of SWP and STP Transactions:
SWP and STP transactions shall be auto terminated in case of
i) Six continuous failures to process the instalment on account of insufficient balance maintained by the
investor in the source scheme or any other reason attributable to the investor; or
ii) Specific court order.
SET TRANSACTION ON AUTO REMINDER (STAR)
This facility provides the unitholders with an option to withdraw and / or switch out and / or reinvest
the investments made in the Scheme:
 On the value of investments either reaching a particular/ amount or on the investments
depreciating in value to a particular amount.
 On achieving capital appreciation / on depreciation in value of investments equal to or more
than a specified amount or percentage
 On happening of a particular event or on a particular date (with or without lock in for a particular
period)
Certain illustrations have been given for clarification of STAR:
1. Value of investment depreciating to a particular amount
If the investor has opted for STAR for a redemption on the value of his investment reaching Rs. 10000
when his initial investment was Rs 11000, in such a case a redemption will be automatically triggered
on the value of his investment reaching Rs 10000 based on the applicable NAV on the day the said
condition is met.
2. Capital appreciation of a particular amount
If the investor has opted for STAR for redemption on achieving 30 % capital appreciation on an
investment of Rs 1000, his redemption will be automatically triggered on the value of investment
reaching Rs 1300 based on the applicable NAV on the day the said condition is met.
3. On the happening of an event or on a particular date
If the investor wants a particular amount on his birthday, he may opt for STAR and specify the date in
such a manner that his redemption proceeds of a particular amount are made available to him on the
specified date or as an instance, if the investor wants to switch his investments to certain other scheme
of IDFC Mutual Fund on the first day of the next financial year, he may do so by providing such an
instruction to the AMC. STAR is thus a financial tool which provides the investors with an opportunity
to plan their redemptions / switch outs in accordance with their financial needs. STAR can also help an
investor in minimizing losses and / or timely booking of profits. All redemptions/
switches/reinvestments etc. linked to STAR will be based on the applicable NAV of the day on which
the condition specified / event occurs. STAR is only an additional facility to the unitholders which
provides them with a convenient method of switching out / reinvesting / redeeming their investments
on happening of a particular predetermined condition / event. STAR is not an assurance of any return
or gains on part of AMC / Fund to the investor. Nor is there any assurance of minimizing the loss of the
investors. The Trustees / AMC reserve the right to add / modify / remove the conditions / events with
respect to STAR for redemption / reinvestment / switch outs in the Scheme.
Dividend

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The dividend warrants shall be dispatched to the unitholders within 30 days of the date of declaration
of the dividend.
Redemption
The redemption request can be made for a minimum amount as mentioned under ‘Highlights of the
Scheme’. The redemption will be at Applicable NAV based prices. The redemption or repurchase
proceeds shall be dispatched to the unitholders within 10 working days from the date of redemption or
repurchase.
In case an investor has purchased Units on more than one Business Day, the Units purchased prior in
time (i.e. those Units which have been held for the longest period of time) will be deemed to have been
redeemed first i.e. on a First-inFirst-Out basis.
Delay in payment of redemption / repurchase proceeds and dividend warrants
The Asset Management Company shall be liable to pay interest to the unitholders at such rate as may
be specified by SEBI for the period of such delay (presently @ 15% per annum).
Treatment of unclaimed amounts
The Treatment of unclaimed dividend and unclaimed redemption amount shall be as per SEBI Circular
dated February 25, 2016.
TRANSMISSION OF UNITS
In cases of transmission of Units consequent on the death of a unitholder, the transferee’s name will be
recorded by the AMC / Registrar subject to production of satisfactory evidence and completing the
requisite procedure / documentation to the satisfaction of the AMC and upon executing suitable
indemnities in favor of the Fund and the AMC. Where the Units are held in demat form by the investor,
the nomination as registered with the DP will be applicable to the Units. A Nominee / legal heir
approaching the Fund for Transmission of Units must have beneficiary account with a DP of CDSL or
NSDL, since the Units shall be in demat mode. The Stamp duty payable by the claimant with respect to
the indemnity bond and affidavit, shall be in accordance with the stamp duty prescribed by law.
In accordance with SEBI Circular dated December 24, 2019, the AMC shall not accept requests for
redemption from a claimant pending completion of the transmission of units in favour of the claimant.
In other words, AMCs shall not entertain or accept any ‘Transmission-cum- Redemption’ request.

81
C. PERIODIC DISCLOSURES
Net Asset Value
NAV will be determined for every Business Day. NAV will be calculated upto four decimal places.The
first NAV shall be calculated and disclosed within 5 business days of allotment. NAV of the Scheme
shall be made available on the website of AMFI (www. amfiindia.com) and the Mutual Fund
(www.idfcmf.com) by 11.00 p.m. on all business days. In case the NAV is not uploaded by 11.00 p.m
it shall be explained in writing to AMFI for non adherence of time limit for uploading NAV on AMFI’s
website. If the NAVs are not available before the commencement of business hours on the following
day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when
the Mutual Fund would be able to publish the NAV. The NAV shall also be are available on the call
free number 1800 300 66688 and on the website of the Registrar CAMS (www.camsonline.com).
Investors may also place a specific request to the Mutual Fund for sending latest available NAV through
SMS.
Monthly and Half yearly Portfolio Disclosure
The Mutual Fund/AMC shall e-mail to all unitholders (if an e-mail address is provided) the complete
scheme portfolio as at the end of each month and each half year (i.e., 31st March and 30th September)
within ten days of end of the month/half year. Further, pursuant to SEBI Circular dated July 22, 2020,
the AMC shall also disclose portfolios of debt schemes on fortnightly basis within 5 days of every
fortnight. These shall also be displayed on the website of the Mutual Fund (www.idfcmf.com) and that
of AMFI (www.amfiindia.com) in a user-friendly and downloadable spreadsheet format. Investors may
also place a specific request to the Mutual Fund for sending the half yearly portfolio through email. The
Mutual Fund shall publish an advertisement disclosing uploading of such half yearly scheme portfolios
on its website, in all India editions of one English and one Hindi daily newspaper. The Mutual Funds
shall provide a physical copy of the scheme portfolio, without charging any cost, on specific request
received from a unitholder.
Half Yearly Financial Results
The Mutual Fund shall within one month from the close of each half year, that is on 31st March and on
30th September, host a soft copy of its unaudited financial results on their website and shall publish an
advertisement disclosing the hosting of such financial results on their website, in atleast one English
daily newspaper having nationwide circulation and in a newspaper having wide circulation published
in the language of the region where the Head Office of the mutual fund is situated.
The unaudited financial results will be displayed on the website of the Mutual Fund (www.idfcmf.com)
and that of AMFI (www.amfiindia.com).
Annual Report
The Scheme wise annual report or an abridged summary hereinafter shall be sent by AMC/Mutual Fund
as under:
(i) by e-mail to the Unit holders whose e-mail address is available with the Fund,
(ii) in physical form to the Unit holders whose email address is not available with the Fund and who
have expressly opted-in to receive physical copy of the same.
The scheme wise annual report or an abridged summary shall be sent by mail/e-mail not later than four
months from the date of closure of the relevant accounting year (i.e. 31st March each year).
The physical copy of the scheme wise annual report or abridged summary shall be made available to
the investors at the registered office of the AMC. Physical copy of the abridged summary of the Annual
Report shall be provided to the unitholder, without charging any cost, on such specific request by the
unitholder.

82
A link of the scheme annual report shall be displayed prominently on the website of the Mutual Fund
(www.idfcmf.com) and that of AMFI (www.amfiindia.com). The Mutual Fund shall publish an
advertisement disclosing uploading of such scheme annual report thereof on its website, in all India
editions of one English and one Hindi daily newspaper.
Associate Transactions
Please refer to Statement of Additional Information (SAI).
TAXATION
As per the taxation laws in force as at the date of this document, some broad income tax implications
of investing in the units of the various schemes of the Fund are stated below. The information so stated
is based on the Fund’s understanding of the tax laws in force as of the date of this document.
The information is provided for general information only. However, in view of the individual nature of
the implications, each investor is advised to consult his or her own tax advisors/authorised dealers with
respect to the specific amount of tax and other implications arising out of his or her participation in the
schemes.
Particulars Investors Mutual Fund
Tax on Dividend/ Income Applicable slab/tax rates*
For FPI - 20%
NIL
Capital Gains:
Long Term
20 % / 10%
For FPI - 10%
(Please refer paragraph 1 below)
N.A.
Short Term Applicable slab/tax rates*
For FPI - 30%
N.A.
*For tax rates, please refer paragraph 5.
For further details on taxation please refer to the clause on Taxation in the SAI
Note: Surcharge and Health & Education cess will be payable in addition to the applicable taxes,
wherever applicable. Further, the TDS rates on dividend income are mentioned in paragraph 7.
As per section 2(42A) of the Income-tax Act, 1961 (‘the Act), mutual fund units (other than equity
oriented funds) held by the investor as a capital asset is considered as short term capital asset if it is held
for a period of up to 36 months. Accordingly, if such unit is held for a period of more than 36 months,
it is treated as a long-term capital asset.
1) Long-term capital gains
For resident, as per section 112 of the Act, long-term capital gains on transfer of units, are liable to tax
at the rate of 20% (with indexation benefits). Base year for indexation for computing long term capital
gains shall be 1 April 2001 or the year in which the asset was first held by the assessee, whichever is
later.
Further, in case of individuals/HUF’s, being residents, where the total income excluding long-term
capital gains is below the maximum amount not chargeable to tax1
[refer paragraph 5], then the
difference between the maximum amount not chargeable to tax and total income excluding long term
capital gains, shall be adjusted from long term capital gains. Therefore, only the balance long term
capital gains will be liable to income tax at the rate of 20%.
1
Basic exemption limit

83
In case of non-residents, under section 112 of the Act, long-term capital gains would be taxable at the
rate of 10% on the transfer of capital assets, being unlisted securities, without giving effect to the first
and the second proviso to section 48 i.e. without taking the benefit of foreign currency fluctuation and
indexation benefit. Long-term capital gains on transfer of listed units of other than equity oriented
mutual fund would be taxable at the rate of 20% (plus the applicable surcharge and cess), with
indexation benefit.
In case of FPIs, the long-term capital gains from the redemption or transfer of units shall be taxed at the
rate of 10% without taking the benefit of foreign currency fluctuation and indexation benefit.
2) Short-term capital gains
Short-term capital gains arising on redemption or transfer of units are subject to tax at normal tax rates
(Refer paragraph 5 below) and 30% in case of FPIs.
3) Taxability of dividends
With effect from 1 April 2020, income distribution tax has been abolished and now the dividend
income will be taxed in the hands of the unitholder at normal tax rates as mentioned in paragraph 5
and 20% in case of FPIs.
Further, as per section 57, the resident unitholders can claim deduction of interest expense to the
extent of 20 per cent of dividend income.
4) Any income, including gains from redemption of units of scheme of Mutual Fund, received by any
person for, or on behalf of, the New Pension System Trust2
, is exempt in the hands of such person
under section 10(44) of the Act.
5) The tax rates applicable to different categories of tax-payers for FY 2020-21:
(Rates of TDS are highlighted in paragraph 7)
A. Individuals (including NRs)/ HUFs/ Association of Persons/ Body of Individuals
 Under the ongoing regime:
Where total income for a tax year (April to March)
is less than or equal to Rs 250,000* (the basic
exemption limit)
Nil
Where such total income is more than Rs 250,000*
but is less than or equal to Rs 500,000
5% of the amount by which the total
income exceeds Rs 250,000*
Where such total income is more than Rs 500,000
but is less than or equal to Rs 1,000,000
Rs 12,500 plus 20% of the amount by
which the total income exceeds Rs
500,000
Where such total income is more than
Rs 1,000,000
1,000,000
*The basic exemption limit in case of a resident senior citizen (with age of sixty years or more but
less than eighty years) is Rs 300,000, in case of resident in India, who is of the age of eighty years
or more at any time during the previous year is Rs 500,000.
Further, a tax rebate up to Rs 12,500 per annum would be available for resident individuals with
total income of up to Rs 500,000 per annum.
2
As established under the provisions of Indian Trust Act, 1882, on 27 February 2008.

84
 Under the alternate new regime3
for individuals and HUF w.e.f. FY2020-21:
Where total income for a tax year (April to March)
is less than or equal to Rs 250,000 (the basic
exemption limit)
Nil
5% of the amount by which the total
income exceeds Rs 250,000
Rs 12,500 plus 10% of the amount by which
the total income exceeds Rs 500,000
but is less than or equal to Rs 1,000,000
the total income exceeds Rs 750,000
Where such total income is more than Rs
1,000,000 but is less than or equal to Rs 1,250,000
the total income exceeds Rs 1,000,000
1,250,000 but is less than or equal to Rs 1,500,000
1,250,000
1,500,000
1,000,000
B. Other categories of investors
Tax rates for other categories are given below:
Type of tax-payer Tax rate
Partnership firms (including limited liability
partnership)/ domestic company*
30%
Company other than a domestic company 40%
*Finance Act (‘FA 2020’) provides that in case of a domestic company, where the total turnover
or gross receipts of such company for financial year 2018-19 does not exceed Rs 400 crores,
the rate of tax shall be 25% plus applicable surcharge and cess.
The Taxation Laws (Amendment) Act, 2019 has introduced two new sections i.e. section 115BAA and
section 115BAB effective from financial year commencing 1 April 2019:
 Section 115BAA
As per section 115BAA, a domestic company can opt for paying tax at a lower rate of 22%, plus
applicable surcharge and cess, subject to prescribed conditions especially such that certain deductions
[such as section 80G (w.e.f. FY2020-21)] and exemptions need to be foregone. Further, the provisions
of Minimum Alternate Tax (‘MAT’) will not apply to such companies. The option has to be exercised
before the due date of filing the income-tax return. Once the option is exercised, it cannot be withdrawn
subsequently.
 Section 115BAB
As per s.115BAB new domestic manufacturing companies, which have been set up and registered on
or after 1 October 2019 and commenced manufacturing on or before 31 March 2023, can opt for a lower
tax rate of 15% plus applicable surcharge and cess subject to prescribed conditions especially such that
certain deductions [such as section 80G (w.e.f. FY2020-21)] and exemptions need to be foregone.
Further, the provisions of MAT will not apply to such companies. The option has to be exercised before
the due date of filing the income-tax return. Once the option is exercised, it cannot be withdrawn
subsequently.
3
Section 115BAC. For adopting the new tax regime, most of the deductions/exemptions such as section 80C,
80D, etc. are to be foregone. The aforesaid regime is optional. Accordingly, individuals and HUFs have the
option to be taxed under either of the options. The option under new regime once exercised can be changed in
subsequent years (not applicable for business income).

85
6) Surcharge and Cess
The tax rates mentioned in paragraph 1 and 5 above would be increased by a surcharge of:
a) For Individuals, HUF, Artificial Juridical Person, AOP or BOI:
Nature of Income Up to Rs.
50 lakhs
More than
Rs. 50 lakhs
but upto
Rs. 1 crore
More than
Rs. 1 crore
but less than
Rs. 2 crores
More than
Rs. 2 crores
but up to Rs.
5 crores
More than
Rs. 5 crores
1. Short term or
Long-term capital
gains under section
115AD(1)(b)
NIL 10% 15% 15% 15%
2. Dividend Income4
– Residents and
Non-residents
NIL 10% 15% 25% 37%
3. Any other Income NIL 10% 15% 25% 37%
b) For Firms and LLPs
12% where total income exceeds Rs. 10,000,000.
c) For Companies
Company Total income upto
Rs. 1 crore
Total income
exceeds Rs. 1 crore
but not Rs. 10
crores
Total income exceeds Rs.
10 crores
Domestic company NIL 7% 12%
Domestic Company
opting for section
115BAA and 115BAB -
on income other than
capital gains
10%
Domestic Company
opting for section
115BAA and 115BAB -
on capital gains
NIL 7% 12%
Foreign company NIL 2% 5%
A health and education cess of 4% by way of would be charged on amount of tax inclusive of the
applicable surcharge for all taxpayers.
7) TDS on income from mutual funds
a) Dividend income
Category TDS rate Reduced TDS rates from
14/05/2020 to 31/03/2021
Resident 10% (new section 194K5
) 7.5%
FPI (corporate) 20% (section 196D) No change
4
The FA 2020 caps the surcharge on "dividend". It appears for this purpose that dividend would mean dividend
from equity shares and may not cover dividend from mutual fund schemes/income distributed by mutual funds.
This is because the Income-tax Act in several places refers to dividend from equity as “dividend” and dividend
from mutual fund as “income distributed by mutual fund”. Based on such approach, “mutual fund dividend” is
subject to super-rich surcharge.
5
Threshold of Rs. 5,000 is applicable under section 194K.

86
FPI (non-corporate) 20% (section 196D) No change
Non-residents
including corporates
20% (section 196A) No change
b) Capital gains
Category TDS rate
Resident NIL (new section 194K6
)
FPI (corporate) NIL (section 196D7
)
FPI (non-corporate) NIL (section 196D10
)
Other non-residents
Long term capital gains on listed units 20% (section 195)
Long term capital gains on unlisted units 10% (section 195)
Short term capital gains in case of a person other
than a company
30% (section 195)
Short term capital gains in case of a company 40% (section 195)
8) Surcharge on TDS
 In case of TDS on payments made to residents, the tax rates would not be increased by surcharge
and cess.
 In case of TDS on payments made to non-residents, the tax rates would be increased by surcharge
and cess. The surcharge rates are as under:
Nature of Income Up to Rs.
50 lakhs
More
than Rs.
50 lakhs
but upto
Rs. 1
crore
More than
Rs. 1 crore
but less
than Rs. 2
crores
More than
Rs. 2
crores
but up
to Rs.
5
crores
More than
Rs. 5
crores
More
Than
Rs.10
crores
a) Non-
corporates
 Capital
Gains
NIL 10% 15% 25% 37%
 Dividend
income8
– FPIs
and other non-
residents
NIL 10% 15% 25% 37%
 Any other
Income
NIL 10% 15% 25% 37%
b) Corporates NIL 2% (More than Rs. 1 crore but up to Rs.
10 crores)
5%
6
As per section 194K, TDS is not required to be withheld on income in the nature of capital gains.
7
As per section 196D(2) of the Act, income-tax is not required to be withheld from any income arising to FPIs
by way of capital gains on transfer of shares and units referred to in section 115AD.
8
The FA 2020 caps the surcharge on "dividend". It appears for this purpose that dividend would mean dividend
from equity shares and may not cover dividend from mutual fund schemes/income distributed by mutual funds.
This is because the Income-tax Act in several places refers to dividend from equity as “dividend” and dividend
from mutual fund as “income distributed by mutual fund”. Based on such approach, “mutual fund dividend” is
subject to super-rich surcharge.

87
The rate of health and education cess is 4%. (applicable on tax plus surcharge).
Stamp duty implications
The Finance Act, 2019 has amended the Indian Stamp Act, 1899 to introduce the levy and collection of
stamp duty on the issue and transfer of financial instruments at one place through stock exchanges,
clearing corporation and depositories.
State Governments will discontinue to charge/collect stamp duty on securities once amendments are
effective. Stock exchange/clearing corporation/depository will transfer the stamp duty to respective
state governments.
Based on the present language, there will be incidence of stamp duty on:
a) The unit holder, for transactions in the units of the fund; and
b) The fund, for transactions by the fund.
Rate of stamp duty applicable from July 1, 2020 is:
A. For securities other than debentures:-
Transaction/ Instruments Rates in %
Issuance of units of mutual fund and unlisted shares 0.005
Transfer of securities on delivery basis (including
transfer of mutual fund units)
0.015
Transfer of securities on non-delivery basis 0.003
Derivatives: Futures ( Equity and commodity) 0.002
Derivatives: Options ( Equity and commodity) 0.003
Derivatives: Currency and Interest rates derivatives 0.0001
Other derivatives 0.002
Government securities 0
Repo on corporate bonds 0.00001
B. For debentures:-
Transaction/ Instruments Rates in %
Issuance of debentures 0.005
Transfer and reissue debentures 0.0001
The collection of stamp duty is subject to the Indian Stamp (Collection of Stamp-duty through Stock
Exchanges, Clearing Corporations and Depositories) Rules, 2019.
Key points:
 The rules prescribe the collection and payment mechanism of stamp duty by stock exchanges,
clearing corporations and depositories (collectively known as ‘collecting agent’).
 Collecting agent may deduct 0.2 percent of the stamp duty collected as facilitation charges before
transferring the same to concerned State Government.
 As per notification issued by Ministry of Finance dated 8 January 2020, a Registrar and Share
Transfer Agent will be treated as a “depository” for the limited purpose of acting as a “Collecting
Agent” only in case of instruments of transactions otherwise than through a stock exchange, i.e.,
issue of mutual fund units.
The mechanics of stamp duty collection are as under:

88
Nature of transaction Duty to be
collected from
Responsibility to
collect stamp duty
Sale of securities made through stock exchange Buyer Stock exchange or
clearing corporation
Off market transfer of securities made through
depository (from one demat account to another)
Transferor Depository
Issue of securities resulting in creation/change in
records of
Depository
Issuer Depository
Sale or transfer or issue/reissue of unlisted
securities not made through depositories
Seller or transferor or issuer as case may be
In case of any other instrument Person making, drawing or executing such
instrument
Transfer of securities pursuant to invocation of pledge Pledgee Depository
Redemption of mutual fund units is not liable to stamp duty as it is neither a transfer nor an issue nor a
sale. Stamp duty collected is to be transferred within 3 weeks of collection to the State Government
where the residence of the buyer is located and in case the buyer is located outside India then the State
in which the trading member/broker of the buyer is located.
For further details on taxation please refer to the Section on 'Tax Benefits of investing in the Mutual
Fund' provided in 'Statement of Additional Information ('SAI')'.
Investor services
Investor Relations Officers:
Name Address and Contact Number E-Mail
Neeta Singh
IDFC Asset Management Company Limited, 6th
Floor, 1 World Centre, Jupiter Mills Compound,
841 Senapati Bapat Marg, Mumbai 400013.
Contact number #022 66289999
INVESTORMF@IDFC.COM

89
D. COMPUTATION OF NAV
The NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by the
number of Units outstanding on the valuation date. The Fund shall value its investments according to
the valuation norms, as specified in Schedule VIII of the Regulations, or such norms as may be
prescribed by SEBI from time to time.
All expenses and incomes accrued up to the valuation date shall be considered for computation of NAV.
For this purpose, major expenses like management fees and other periodic expenses would be accrued
on a day to day basis. The minor expenses and income will be accrued on a periodic basis, provided the
non-daily accrual does not affect the NAV calculations by more than 1%.
Any changes in securities and in the number of units be recorded in the books not later than the first
valuation date following the date of transaction. If this is not possible given the frequency of the Net
Asset Value disclosure, the recording may be delayed upto a period of seven days following the date of
the transaction, provided that as a result of the non-recording, the Net Asset Value calculations shall
not be affected by more than 1%.
In case the Net Asset Value of a scheme differs by more than 1%, due to non - recording of the
transactions, the investors or scheme/s as the case may be, shall be paid the difference in amount as
follows:-
(i) If the investors are allotted units at a price higher than Net Asset Value or are given a price lower
than Net Asset Value at the time of sale of their units, they shall be paid the difference in amount
by the scheme.
(ii) If the investors are charged lower Net Asset Value at the time of purchase of their units or are given
higher Net Asset Value at the time of sale of their units, asset management company shall pay the
difference in amount to the scheme.
The asset management company may recover the difference from the investors.
NAV of units under the Scheme shall be calculated as shown below: NAV (Rs.) =
Market or Fair Value of
Scheme's investments
+ Current Assets
including
Accrued Income
- Current Liabilities and Provisions
including accrued expenses
_________________________________________________
No. of Units outstanding under Scheme
The NAV of the Scheme will be calculated upto four decimal places and will be declared on each
business day. The valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be
subject to audit on an annual basis and shall be subject to such regulations as may be prescribed by
SEBI from time to time.
The NAVs of Growth Option and Dividend Option will be different after the declaration of the first
dividend.

90
IV. FEES AND EXPENSES
As per the provisions of the Regulations, read with the amendments thereto, the following fee and
expenses will be charged to the plans under the scheme.
A. NEW FUND OFFER (NFO) EXPENSES (These expenses are incurred for the purpose of
various activities related to the NFO like sales and distribution fees paid marketing and advertising,
registrar expenses, printing and stationary, bank charges etc)
New fund offer expenses will be borne by the AMC.
B. ANNUAL SCHEME RECURRING EXPENSES
(These are the fees and expenses for operating the scheme. These expenses include Investment
Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing
and selling costs etc. as given in the table below):
As per SEBI (MF) Regulations, 1996, recurring expenses will not exceed the following limits :
1. on the first Rs. 500 crore of the Scheme's daily net assets, will not exceed 2.00%
2. on the next Rs. 250 crore of the Scheme's daily net assets, will not exceed 1.75%
3. on the next Rs. 1,250 crore of the Scheme's daily net assets, will not exceed 1.50%
6. on the next Rs. 40,000 crore of the Scheme's daily net assets, total expense ratio reduction of
0.05% for every increase of Rs. 5,000 crores of daily net assets or part thereof.
7. on the balance of the Scheme's daily net assets, will not exceed 0.80%.
The total fees and expenses for operating the scheme as listed hereunder would be a percentage of the
daily net assets which includes expenses towards management fees, commission, marketing expense
and other expense relating to operating the scheme.
Expense Head % of daily
Net Assets
Investment Management and Advisory Fees Upto 2.00%
Trustee fee
Audit fees
Custodian fees
RTA Fees
Marketing & Selling expense incl. agent commission
Cost related to investor communications
Cost of fund transfer from location to location
Cost of providing account statements and dividend redemption cheques and warrants
Costs of statutory Advertisements
Cost towards investor education & awareness (at least 2 bps) ^
Brokerage & transaction cost over and above 12 bps for cash market trades and 5
bps for derivative market trades@
Goods & Services Tax on expenses other than investment and advisory fees
Goods & Services Tax on brokerage and transaction cost @
Other Expenses
Maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i)
and (6) (a)
Upto 2.00%
Additional expenses for gross new inflows from specified cities Upto 0.30%

91
^ In terms of SEBI Circular No. CIR/IMD/DF/21/2012 dated September 13, 2012, the AMC / Mutual
Fund shall annually set apart at least 2 basis points (i.e. 0.02%) on daily net assets of the scheme within
the maximum limit of Total Expense Ratio as per Regulation 52 of the SEBI (MF) Regulations for
investor education and awareness initiatives.
@
Brokerage and transaction costs incurred for the execution of trades and included in the cost of
investment, not exceeding 0.12 per cent of the value of trades of cash market transactions and 0.05 per
cent for derivative transactions. Thus, in terms of SEBI circular CIR/IMD/DF/24/2012 dated November
19, 2012, it is hereby clarified that the brokerage and transaction costs incurred for the execution of
trades may be capitalized to the extent of 0.12 per cent of the value of trades of cash market transactions
and 0.05 per cent for derivative transactions. Any payment towards brokerage and transaction costs
(including Goods & Services Tax, if any) incurred for the execution of trades, over and above the said
0.12 per cent for cash market transactions and 0.05 per cent for derivative transactions may be charged
to the scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation
52 of the SEBI (MF) Regulations.
The expense of 30 bps shall be charged if the new inflows from retail investors from B30 cities as
specified from time to time are at least -
(i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under
management (year to date) of the scheme, whichever is higher:
Provided that if inflows from retail investors from B30 cities is less than the higher of sub-clause (i) or
sub- clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis.
Provided further that expenses charged under this clause shall be utilized for distribution expenses
incurred for bringing inflows from retail investors from B30 cities. Provided further that amount
incurred as expense on account of inflows from retail investors from B30 cities shall be credited back
to the scheme in case the said inflows are redeemed within a period of one year from the date of
investment.
In case inflows from retail investors beyond top 30 cities is less than the higher of (i) or (ii) above,
additional TER on daily net assets of the scheme shall be charged as follows:
Daily net assets X 30 basis points X New inflows from individual investors beyond top 30 cities
--------------------------------------------------------------------------
365* X Higher of (i) or (ii) above
* 366, wherever applicable.
For the above purposes, ‘B30 cities’ shall be beyond Top 30 cities as at the end of previous financial
year as communicated by AMFI. Retail investors would mean individual investors from whom inflows
into the Scheme would amount upto Rs. 2,00,000/- per transaction.
Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no
commission for distribution of Units will be paid / charged under Direct Plan. TER of the Direct Plan
will be lower to the extent of such distribution expenses, commission etc as compared with Regular
Plan.
The AMC shall adhere provisions of SEBI Circular dated October 22, 2018 and various guidelines
specified by SEBI as amended from time to time, with reference to charging of fees and expenses.
Accordingly:
a. All scheme related expenses including commission paid to distributors, shall be paid from the
Scheme only within the regulatory limits and not from the books of the AMC, its associates,
sponsor, trustee or any other entity through any route.
Provided that, such expenses that are not specifically covered in terms of Regulation 52 (4) can be
paid out of AMC books at actual or not exceeding 2 bps of the Scheme AUM, whichever is lower.
b. The Fund / the AMC shall adopt full trail model of commission in the Scheme, without payment of
any upfront commission or upfronting of any trail commission, directly or indirectly, in cash or

92
kind, through sponsorships, or any other route.
c. All fees and expenses charged in a Direct Plan (in percentage terms) under various heads including
the investment and advisory fee shall not exceed the fees and expenses charged under such heads
in Regular Plan.
d. No pass back, either directly or indirectly, shall be given by the Fund / the AMC / Distributors to
the investors.
The Regular Plan and Direct Plan will have separate NAV.
Disclosure on Goods & Services Tax:
Goods & Services Tax on investment management and advisory fees shall be in addition to the above
expense. Further, with respect to Goods & Services Tax on other than management and advisory fees:
- Goods & Services Tax on other than investment and advisory fees, if any, shall be borne by the
scheme within the maximum limit of TER as per regulation 52 of the Regulations.
- Goods & Services Tax on exit load, if any, shall be paid out of the exit load proceeds and exit load
net of Goods & Services Tax , if any, shall be credited to the scheme.
- Goods & Services Tax on brokerage and transaction cost paid for asset purchases, if any, shall be
within the limit prescribed under regulation 52 of the Regulations.
For the actual current expenses being charged to the Scheme, the investor should refer to the website of
the mutual fund at www.idfcmf.com (Home>>Total Expense Ratio of Mutual Fund Schemes). Any
change proposed to the current expense ratio will be updated on the website and communicated to the
investors via e-mail or SMS at least three working days prior to the change.
As per the Regulations, the total recurring expenses that can be charged to the Scheme in this Scheme
information document shall be subject to the applicable guidelines. The total recurring expenses of the
Scheme, will, however, be limited to the ceilings as prescribed under Regulation 52(6) of the
Regulations.
Impact of Expense on the performance of the Scheme
Particulars Dates
1-Apr-19 2-Apr-19
Opening Net Assets a 100,000.00 100,119.62
Income earned during the day b 25.00 20.00
Incremental Portfolio gain c 100.00 -80
Net Assets before expenses a+b+c 100,125.00 100,059.62
Units Balance d 1,000.00 1,000.00
NAV before charging expenses (a+b+c)/d 100.125 100.0596
Expenses charged @ 2% p a e 5.38 5.38
Net Assets after expenses a+b+c-e 100,119.62 100,054.25
NAV after charging expenses (a+b+c-e)/d 100.1196 100.0542
i.e. final NAV
Returns before expenses 46% -22%
Returns after expenses 44% -24%
expenses charged =e =(a+b+c)*expense ratio/(100+ expense ratio)/365 days

93
C. LOAD STRUCTURE
Load is an amount which is paid by the investor to redeem the units from the scheme. This amount is
used by the AMC to pay commissions to the distributor and to take care of other marketing and selling
expenses. Load amounts are variable and are subject to change from time to time. For the current
applicable structure, please refer to the website of the AMC (www.idfcmf.com) or may call at (toll free
no.1-800-26666 88) or your distributor.
Entry load: Nil
Exit Load: Nil
All switches will be treated as redemption in the source scheme and subscription in the destination
scheme, with the entry and exit load as may be applicable.
In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09
dated June 30, 2009 no entry load will be charged for purchase/additional purchase/switches accepted
by the Mutual Fund. Similarly, no entry load will be charged with respect to applications for
registrations under the Systematic Investment Plan (SIP)/Systematic Transfer Plan (STP) accepted by
the Mutual Fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder
(AMFI registered distributor) directly by the investor, based on the investor’s assessment of various
factors including service rendered by the ARN Holder.
Exit load (if any) charged to the unit holders by the Mutual Fund on redemption (including switch-out)
of units shall be credited to the respective scheme net of Goods & Services Tax. Goods & Services Tax
on exit load, if any, shall be paid out of the exit load proceeds.
Load on bonus/dividend re-investment units: In terms of SEBI circular SEBI/IMD/CIR
No.14/120784/08 dated March 18, 2008, no entry and exit load shall be charged on bonus units or units
allotted on reinvestment of dividend.
The Trustee / AMC reserves the right to introduce a Load and change the Load structure any time in
future if they so deem fit on a prospective basis. The investor is requested to check the prevailing load
structure of the scheme before investing.
In case of changes/modifications of load, the AMC will endeavour to do the following:
1. An addendum will be attached to the Scheme Information Documents and Key Information
Memorandum. The same may be circulated to brokers/distributors so that the same can be attached
to all SIDs and abridged SID in stock. Further the addendum will be sent along with a newsletter
to unitholders immediately after the changes.
2. Arrangement will be made to display the changes/modifications in the SID in the form of a notice
in all the official point of acceptance of transactions and distributor’s/broker’s office.
3. The introduction of the exit load alongwith the details may be stamped in the acknowledgement
slip issued to the investors on submission of the application form and may also be disclosed in the
statement of accounts issued after the introduction of such load .
4. A public notice shall be given in respect of such changes in one English Daily newspaper having
nationwide circulation as well as in a newspaper published in the language of region where the
Head office of the Mutual Fund is situated.
TRANSACTION CHARGES
In accordance with SEBI circular no. CIR/ IMD/ DF/ 13/ 2011 dated August 22, 2011, Transaction
Charge per subscription of Rs.10, 000/ – and above shall be charged from the investors and shall
be payable to the distributors/ brokers (who have opted in for charging the transaction charge
for this scheme) in respect of applications routed through distributor/ broker relating to
Purchases / subscription / new inflows only (lump sum and SIP), subject to the following:
 For Existing / New investors: Rs.100 / Rs.150 as applicable per subscription of Rs. 10,000/

94
– and above
 Transaction charge for SIP shall be applicable only if the total commitment through SIP
amounts to Rs.10,000/ – and above. In such cases the transaction charge would be
recovered in maximum 4 successful installments.
 There shall be no transaction charge on subscription below Rs.10,000/-.
 There shall be no transaction charges on direct investments.
The Transaction Charge as mentioned above shall be deducted by the AMC from the subscription
amount of the Unit Holder and paid to the distributor and the balance shall be invested in the
Scheme. The statement of account shall clearly state that the net investment as gross subscription
less transaction charge and give the number of units allotted against the net investment.
The requirement of minimum application amount shall not be applicable if the investment
amount falls below the minimum amount required due to deduction of transaction charges from
the subscription amount.
The AMCs shall be responsible for any malpractice/mis-selling by the distributor while charging
transaction costs.
D. WAIVER OF LOAD FOR DIRECT APPLICATIONS
Not applicable
V. RIGHTS OF UNITHOLDERS
Please refer to SAI for details.
VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF
INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN
OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY
1. Penalties and action(s) taken against foreign Sponsor(s) limited to the jurisdiction of the country
where the principal activities (in terms of income / revenue) of the Sponsor(s) are carried out or
where the headquarters of the Sponsor(s) is situated. Also, top 10 monetary penalties of foreign
sponsor(s) during the last three years.:
None
2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken during
the last three years or pending with any financial regulatory body or governmental authority,
against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company; for
irregularities or for violations in the financial services sector, or for defaults with respect to share
holders or debenture holders and depositors, or for economic offences, or for violation of securities
law. Details of settlement, if any, arrived at with the aforesaid authorities during the last three
years shall also be disclosed.
- The National Securities Clearing Corporation Ltd. informed that IDFC Enterprise Equity Fund
had an open interest in stock futures segment in one of the securities where the exposure
quantity which was in excess of 1% of the free float market capitalization (in terms of shares)
and that the exposure was also in excess of 5% of open interest (in terms of number of shares)
in all futures and option contracts in the underlying security. In accordance with the NSCCL
circular dated June 17, 2003, the MF was levied a penalty of Rs. 1 Lakh, which was paid.
- In case of IDFC Ltd., sponsor of IDFC Mutual Fund, there was one instance of SGL bounce for
which the RBI has imposed penalty of Rs.500,000/- during the year ended March 31, 2013. The
Sponsor has paid the penalty to the RBI.
3. Details of all enforcement actions(Including the details of violation, if any) taken by SEBI in the
last three years and/ or pending with SEBI for the violation of SEBI Act, 1992 and Rules and

95
Regulations framed there under including debarment and/ or suspension and/ or cancellation and/
or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which the
Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the
directors and/ or key personnel (especially the fund managers) of the AMC and Trustee Company
were/ are a party.
- None
4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to
which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or
any of the directors and/ or key personnel are a party.
None
5. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board
of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or
notified by any other regulatory agency.
The Clearing Corporation of India Limited, Mumbai imposed a penalty on the AMC under CCIL’s
Bye – Laws, Rules & Regulation on account of short fall in CCIL securities segment margin. The
penalty charged to the AMC amounted to approx. Rs 49,000, which was paid. The AMC has taken
adequate steps to ensue that no further breach shall take place
Notwithstanding anything contained in this Scheme Information Document, the provisions of the
SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.
The Scheme Information Document containing details of the Scheme of IDFC Mutual Fund, had been
approved by the Board of IDFC AMC Trustee Company Limited on October 24, 2017. The Board of
Directors of IDFC AMC Trustee Company Limited have ensured that the scheme approved by them is
a new product offered by the Mutual Fund and is not a minor modification of the existing scheme/fund/
product.
For IDFC Asset Management Company Limited
Sd/-
Vishal Kapoor
CEO
Date: January 22, 2021
Place: Mumbai

96
Name, address and contact no. of Registrar and Transfer Agent (R&T), email id of R&T, website
address of R&T, official points of acceptance, collecting banker details etc.
REGISTRAR:
Computer Age Management Services Private Limited (CAMS)
7th
Floor, Tower II, Rayala Towers,
No.158, Anna Salai,
Chennai 600 002
Tel. + 91 – 44 – 30407263/7262
E-Mail ID: enq_g@camsonline.com
Website: www.camsonline.com
Official Points of Acceptance of Transactions, CAMS
• Agartala: Advisor Chowmuhani (Ground Floor),Krishnanagar,Agartala,Tripura,799001 • Agra:
CAMS SERVICE CENTER,No. 8, II Floor Maruti Tower, Sanjay Place,Agra ,Uttarpradesh-282002 •
Ahmedabad: CAMS SERVICE CENTER,No.111- 113,1 st Floor,Devpath Building, Off C G
Road,Behind Lal Bungalow,Ellis Bridge, Ahmedabad Gujarat 380006 • Ahmednagar: CAMS
SERVICE CENTER,Office No.3.1st Floor,Shree Parvati,Plot No.1/175,Opp. Mauli Sabhagruh,Zopadi
Canteen,Savedi,Ahmednagar-414003 • Ajmer: CAMS SERVICE CENTER,AMC No. 423/30, Near
Church,Opp T B Hospital,Jaipur Road,Ajmer,Rajasthan,305001 • Akola: Opp. RLT Science
College,Civil Lines,Akola,Maharashtra,444001 • Aligarh: City Enclave, Opp. Kumar Nursing Home,
Ramghat Road, Aligarh, Uttarpradesh-202001 • Allahabad: CAMS SERVICE CENTER,30/2, A&B,
Civil Lines Station,Besides Vishal Mega Mart,Strachey Road, Allahabad ,Uttarpradesh-211001 •
Alleppey: Doctor's Tower Building,Door No. 14/2562, 1st floor,North of Iorn Bridge, Near Hotel
Arcadia Regency, AlleppeyKerala,688001 • Alwar: CAMS SERVICE CENTER,256A, Scheme
No:1,Arya Nagar,Alwar,Rajasthan,301001 • Amaravati: CAMS SERVICE CENTER,No.81,Gulsham
Tower,2nd Floor,Near Panchsheel Talkies,Amaravati,Maharashtra,444601 • Ambala: CAMS
SERVICE CENTRE, shop no 48, Opposite PEER, Bal Bhawan Road, Ground Floor, Ambala City,
Haryana • Amritsar: CAMS SERVICE CENTER, 3rd
Floor, Bearing Unit No. 313, Mukut House,
Amritsar, Punjab 143001 • Anand: CAMS SERVICE CENTER,No.101, A.P. Tower,B/H, Sardhar
Gunj,Next to Nathwani Chambers,AnandGujarat388001 • Anantapur: 15-570-33, I Floor,Pallavi
Towers,Subash Road,Opp:Canara Bank,Anantapur,AndhraPradesh,515001 • Andheri: CAMS Pvt
Ltd,No.351,Icon,501,5th Floor,Western Express Highway,Andheri East,Mumbai-400069 •
Ankleshwar: Shop No - F -56,First Floor,Omkar Complex,Opp Old Colony,Nr Valia Char
Rasta,GIDC,Ankleshwar,Gujarat,393002 • Asansol: CAMS SERVICE CENTER,Block – G,1st
Floor,P C Chatterjee Market Complex,Rambandhu Talab PO, Ushagram,Asansol,Westbengal Pin No
713303 • Aurangabad: CAMS SERVICE CENTER,2nd Floor,Block No.D-21-D-22,Motiwala Trade
CENTER,Nirala Bazar,New Samarth Nagar,Opp.HDFC Bank,Aurangabad-431001 • Balasore: B C
Sen Road,Balasore,Orissa,756001 • Ballari: CAMS SERVICE CENTER,No.18/47/A,Govind
Nilaya,Ward No.20,Sangankal Moka Road,Gandhinagar,Ballari-583102 • Bangalore: CAMS
SERVICE CENTER,Trade CENTER,1st Floor45, Dikensen Road ( Next to Manipal CENTER
),Bangalore,Karnataka,560042 • Bangalore(Wilson Garden): CAMS SERVICE CENTER,First
Floor,No.17/1,-(272) 12Th Cross Road,Wilson Garden,Bangalore-560027 • Bankura: Cinema Road,
Nutanganj, Beside Mondal Bakery, PO & District Bankura, West Bengal - 722101 • Bareilly: CAMS
SERVICE CENTER,F-62-63, Second Floor, ,Butler Plaza Commercial Complex Civil Lines Bareilly
Uttarpradesh-243001 • Basti: CAMS C/O RAJESH MAHADEV & CO SHOP NO 3,1st Floor JAMIA
COMLEX STATION ROAD BASTI PIN 272002 • Belgaum: CAMS SERVICE CENTER,Classic
Complex,Block No.104,1st Floor,Saraf Colony,Khanapur Road,Tilakwadi,Belgaum-590006 •
Berhampur: CAMS SERVICE CENTER, Kalika Temple Street, Ground Floor, Beside SBI Bazar
Branch, Berhampur - 760 002. Tel. No. : 0680-2250401 • Bhagalpur: Ground Floor, Gurudwara Road,
Near Old Vijaya Bank, Bhagalpur, Bihar - 812002 • Bharuch: CAMS SERVICE CENTRE,A-111,First
Floor,R K Casta,Behind Patel Super Market,Station Road,Bharuch-392001 • Bhatinda: 2907 GH,GT
Road,Near Zila Parishad,Bhatinda,Punjab,151001 • Bhavnagar: CAMS SERVICE CENTER,No.305-
306, Sterling Point,Waghawadi RoadOpp. HDFC BANK,BhavnagarGujarat364002 • Bhilai: CAMS

97
SERVICE CENTER,1st Floor,Plot No.3,Block No.1,Priyadarshini Pariswar west,Behind IDBI
Bank,Nehru Nagar,Bhilai-490020 • Bhilwara: CAMS SERVICE CENTER,C/o Kodwani
Associtates,Shope No.211-213, 2nd floor,Indra Prasth Tower,syam Ki Sabji Mandi,Near Mukerjee
Garden,Bhilwara-311001 (Rajasthan) • Bhopal: CAMS SERVICE CENTER,Plot no.10,2nd
Floor,Alankar Complex,Near ICICI Bank,MP Nagar, Zone II,Bhopal,MadhyaPradesh462011 •
Bhubaneswar: CAMS SERVICE CENTER,Plot No -111,Varaha Complex Building,3rd Floor,Station
Square,Kharvel Nagar,Unit 3-Bhubaneswar-Orissa-751001 • Bhuj: CAMS SERVICE CENTRE,Office
No.4-5,First Floor,RTO Relocation Commercial Complex-B,Opp.Fire Station,Near RTO Circle,Bhuj-
Kutch-370001 • Bhusawal (Parent: Jalgaon TP): 3, Adelade Apartment,Christain Mohala, Behind
Gulshan-E-Iran Hotel,Amardeep Talkies Road,Bhusawal,Maharashtra,425201 • Biharsharif: R-C
Palace, Amber Station Road, Opp Mamta Cpmplex,Biharsharif-803101 • Bikaner: Behind rajasthan
patrika In front of vijaya bank 1404,amar singh pura Bikaner.334001 • Bilaspur: CAMS SERVICE
CENTER,Shop No.B-104, First Floor,Narayan Plaza,Link Road,Bilaspur(C.G)-495001 • Bokaro:
CAMS SERVICE CENTER,Mazzanine Floor,F-4, City Centre,Sector 4, Bokaro Steel
City,Bokaro,Jharkhand,827004 • Borivali: CAMS PVT LTD,Hirji Heritage,4th Floor,Office
No.402,L.T.Road,Borivali,Mumbai-400092 • Burdwan: CAMS SERVICE CENTER,No.399, G T
Road, Basement of Talk of the Town, ,Burdwan, Westbangal713101 • Calicut: CAMS SERVICE
CENTER,No.29/97G,2nd Floor,S A Arcade,Mavoor Road,Arayidathupalam,CalicutKerala-673016 •
Chandigarh: CAMS SERVICE CENTER,Deepak Tower,SCO 154-155,1st Floor-Sector 17-
Chandigarh-Punjab-160017 • Chennai: CAMS SERVICE CENTER,Ground Floor
No.178/10,Kodambakkam High RoadOpp. Hotel Palmgrove,Nungambakkam-Chennai-Tamilnadu-
600034 • Chennai-Satelite ISC: No.158,Rayala Tower-1,Anna salai,Chennai-600002 • Chhindwara:
2nd Floor, Parasia Road, Near Surya Lodge, Sood Complex, Above Nagpur CT Scan, Chhindwara -
480001. Madhya Pradesh • Chittorgarh: 3, Ashok Nagar, Near Heera Vatika,Chittorgarh, Rajasthan
312001 • Cochin: CAMS SERVICE CENTER,Building Name Modayil,Door No. 39/2638 DJ,2nd
Floor 2A M.G. Road,Cochin - 682 016 • Coimbatore: CAMS SERVICE CENTER,No.1334,Thadagam
Road,Thirumurthy Layout,R.S.Puram,Behind Venketeswara Bakery,Coimbatore-641002 • Cuttack:
CAMS SERVICE CENTER,Near Indian Overseas Bank,Cantonment Road,Mata
Math,Cuttack,Orissa,753001 • Darbhanga: Ground Floor , Belbhadrapur, Near Sahara Office,
Laheriasarai Tower Chowk, Laheriasarai, Darbhanga- 846001. • Davangere: CAMS SERVICE
CENTER,No.13, Ist Floor,Akkamahadevi Samaj Complex,Church
Road,P.J.Extension,Davangere,Karnataka,577002 • Dehradun: CAMS SERVICE
CENTER,No.204/121 Nari Shilp Mandir Marg(Ist Floor) Old Connaught Place,Chakrata
Road,Dehradun,Uttarakhand,248001 • Deoghar: S S M Jalan RoadGround floorOpp. Hotel
Ashoke,Caster Town,Deoghar,Jharkhand,814112 • Dhanbad: CAMS SERVICE CENTER,Urmila
Towers,Room No: 111(1st Floor) Bank More,Dhanbad,Jharkhand,826001 • Dharmapuri: 16A/63A,
Pidamaneri Road, Near Indoor Stadium,Dharmapuri,Tamilnadu 636701 • Dhule: House No 3140, Opp
Liberty Furniture,Jamnalal Bajaj Road, Near Tower Garden,Dhule,Maharashtra 424001 • Durgapur:
CAMS SERVICE CENTER,Plot No.3601,Nazrul Sarani,City CENTER,Durgapur-713216 • Erode:
CAMS SERVICE CENTER,171-E,Seshaiyer Complex,Agraharam Street,Erode,Tamilnadu,638001 •
Faizabad: CAMS SERVICE CENTER,1/13/196,A,Civil Lines,Behind Tripati
Hotel,Faizabad,Uttarpradesh-224001 • Faridabad: CAMS SERVICE CENTER,No.B-49, 1st
Floor,Nehru Ground,Behind Anupam,Sweet House NIT,Faridabad,Haryana,121001 • Firozabad:
53,1st Floor ,Shastri Market, Sadar Bazar, Firozabad, Uttarpradesh-283203 • Gandhidham: CAMS
SERVICE CENTER,Office No.4,Ground Floor,Ratnakala Arcade,Plot No.231,Ward-
12B,Gandhidham-370201 • Gaya: CAMS SERVICE CENTER,North Bisar Tank,Upper Ground
Floor,Near-I.M.A. Hall,Gaya-823001 • Ghatkopar: CAMS SERVICE CENTER,Platinum Mall,Office
No.307,3rd Floor,Jawahar Road,Ghatkopar East,Mumbai-400077 • Ghaziabad: CAMS SERVICE
CENTER,B-11,LGF RDC,Rajnagar,Opp Kacheri Gate No.2,Ghaziabad-201002 • Goa: CAMS
SERVICE CENTER,Office No.103,1st Floor,Unitech City Centre,M.G.Road,Panaji Goa,Goa-403001
• Gondal (Parent Rajkot): A/177, Kailash Complex Opp. Khedut Decor Gondal,Gujarat,360311 •
Gorakhpur: CAMS SERVICE CENTRE,Shop No.5 & 6,3Rd Floor,Cross Road The Mall,A D
Tiraha,bank Road,Gorakhpur-273001 • Gulbarga: Pal Complex, Ist Floor,Opp. City Bus
Stop,SuperMarket,Gulbarga,Karnataka 585101 • Guntur: CAMS SERVICE CENTER,Door No.6-4-
28,1st Floor,Above prestige Showroom,4/2,Arundalpet,Guntur-522002 • Gurgaon: CAMS SERVICE
CENTER,SCO - 16, Sector - 14, First floor,Gurgaon,Haryana,122001 • Guwahati: CAMS SERVICE
CENTER,Piyali Phukan Road,K.C.Path,House No.1,Rehabari,Guwahati-781008 • Gwalior: CAMS

98
SERVICE CENTER,G-6 Global Apartment,Kailash Vihar Colony, Opp. Income Tax Office, City
CENTER,Gwalior Madhya Pradesh-474002 • Haldia: 1st Floor, New Market Complex,Durgachak Post
Office,, Durgachak, Haldia,Westbangal 721602 • Haldwani: Durga City CENTER, Nainital Road,
Haldwani, Uttarakhand-263139 • Hazaribag: Municipal MarketAnnanda
Chowk,Hazaribag,Jharkhand,825301 • Himmatnagar: D-78, First Floor,New Durga Bazar,Near
Railway Crossing,Himmatnagar,Gujarat 383001 • Hisar: CAMS SERVICE CENTRE,No-12, Opp.
HDFC Bank,Red Square Market,Hisar,Haryana,125001 • Hoshiarpur: Near Archies Gallery,Shimla
Pahari Chowk,Hoshiarpur ,Punjab 146001 • Hosur: CAMS SERVICE CENTER,Survey
No.25/204,Attibele Road,HCF Post,Mathigiri,Above Time Kids School,Oppsite To Kuttys Frozen
Foods,Hosur-635110 • Hubli: CAMS SERVICE CENTER,No.204 - 205,1st Floor' B ' Block, Kundagol
Complex,Opp. Court, Club Road,Hubli,Karnataka,580029 • Hyderabad: CAMS SERVICE
CENTER,No.208, II Floor,Jade Arcade Paradise Circle,Hyderabad,Telangana,500003 • Indore: CAM
SERVICE CENTER,No.101, Shalimar Corporate CENTER,8-B, South Tukogunj,Opp.Greenpark,
Indore,MadhyaPradesh,452001 • Jabalpur: CAMS SERVICE CENTER,No.8, Ground Floor, Datt
Towers,Behind Commercial Automobiles,Napier Town,Jabalpur,MadhyaPradesh,482001 • Jaipur:
CAMS SERVICE CENTER,R-7, Yudhisthir Marg, C-Scheme,Behind Ashok Nagar Police
Station,Jaipur,Rajasthan,302001 • Jalandhar: CAMS SERVICE CENTER,No.367/8, Central
TownOpp.Gurudwara, Diwan Asthan,Jalandhar,Punjab-144001 • Jalgaon: CAMS SERVICE
CENTER,Rustomji Infotech Services70, NavipethOpp. Old Bus Stand,Jalgaon,Maharashtra,425001 •
Jalna: Shop No 6, Ground Floor,Anand Plaza Complex,Bharat Nagar,Shivaji Putla
Road,Jalna,Maharashtra,431203 • Jalpaiguri: Babu Para, Beside Meenaar Apartment ,Ward No VIII,
Kotwali Police Station,Jalpaiguri-735101 West Bengal • Jammu: JRDS Heights,Lane Opp. S&S
Computers Near RBI Building, Sector 14, Nanak Nagar Jammu,Jammu &Kashmir,180004 • Jamnagar:
CAMS SERVICE CENTER,No.207,Manek CENTER,P N Marg,Jamnagar,Gujarat,361001 •
Jamshedpur: CAMS SERVICE CENTER,Millennium Tower, "R" RoadRoom No:15, First Floor,
Bistupur,Jamshedpur,Jharkhand,831001 • Janakpuri: CAMS SERVICE CENTER,No.306,3Rd
Floor,DDA-2 Building,District Center,Janakpuri,New Delhi-110058 • Jaunpur: 248, Fort Road Near
Amber Hotel, Jaunpur Uttarpradesh-222001 • Jhansi: No.372/18D,1st Floor Above IDBI Bank,Beside
V-Mart,Near RAKSHAN,Gwalior Road,Jhansi-284001 • Jodhpur: CAMS SERVICE
CENTER,No.1/5, Nirmal Tower,1st Chopasani Road,Jodhpur,Rajasthan,342003 • Junagadh: "Aastha
Plus", 202-A, 2nd FloorSardarbag Road, Nr. AlkapuriOpp. Zansi Rani Statue Junagadh Gujarat-362001
• Kadapa: Bandi Subbaramaiah Complex,D.No:3/1718, Shop No: 8, Raja Reddy
Street,Kadapa,AndhraPradesh,516001 • Kakinada: CAMS SERVICE CENTER,D No.25-4-29,1St
floor,Kommireddy vari street,Beside Warf Road,Opp swathi medicals,Kakinada-533001 • Kalyani:
CAMS SERVICE CENTRE,A-1/50,Block A,Kalyani,Dist Nadia,Westbengal-741235 • Kannur: Room
No.PP.14/435Casa Marina Shopping CENTERTalap,Kannur,Kerala,670004 • Kanpur: CAMS
SERVICE CENTER, I Floor, 106 to 108,City Center,Phase II,63/ 2, The Mall Kanpur Uttarpradesh-
208001 • Karimnagar: HNo.7-1-257, Upstairs S B H mangammathota,Karimnagar,Telangana,505001
• Karnal (Parent :Panipat TP): No.29,Avtar Colony,Behind vishal mega mart,Karnal-132001 • Karur:
126 G, V.P.Towers, Kovai Road,Basement of Axis Bank,Karur,Tamilnadu,639002 • Katni: 1st
Floor,Gurunanak dharmakanta,Jabalpur Road,Bargawan,Katni,MadhyaPradesh 483501 • Khammam:
Shop No: 11 - 2 - 31/3, 1st floor,Philips Complex,Balajinagar, Wyra Road,Near Baburao Petrol
Bunk,Khammam,Telangana 507001 • Kharagpur: CAMS SERVICE CENTER,"Silver Palace" OT
Road,Inda-Kharagpur,G-P-Barakola,P.S.Kharagpur Local,Dist West Midnapore-721305 • Kolhapur:
CAMS SERVICE CENTER,No.2 B, 3rd Floor,Ayodhya Towers,Station
Road,Kolhapur,Maharashtra,416001 • Kolkata: CAMS SERVICE CENTER, Kolkata: Kankaria
Centre, 2/1, Russell Street, 2nd Floor, Kolkata - 700071 • Kolkata-CC (Kolkata Central): 2A,Ganesh
Chandra AvenueRoom ,No.3A, Commerce House"(4th Floor),Kolkata,Westbangal 700013 • Kollam:
Uthram Chambers (Ground Floor) Thamarakulam Kollam - 691006. • Korba: Shop No 6, Shriram
Commercial ComplexInfront of Hotel Blue DiamondGround Floor, T.P.
Nagar,Korba,Westbangal,495677 • Kota: CAMS SERVICE CENTER,No.B-33 'Kalyan
Bhawan,Triangle Part,Vallabh Nagar,Kota,Rajasthan,324007 • Kottayam: CAMS SERVICE
CENTER,THAMARAPALLIL Building,Door No-XIII/658,M L Road,Near KSRTC Bus Stand
Road,Kottayam-686001 • Kukatpally: CAMS SERVICE CENTER,No.15-31-2M-1/4,1st floor,14-
A,MIG,KPHB colony,Kutkapally,Hyderabad-500072 • Kumbakonam: Jailani Complex47, Mutt
Street,Kumbakonam,Tamilnadu,612001 • Kurnool: CAMS SERVICE CENTER,Shop No.26 and
27,Door No.39/265A and 39/265B,Second Floor,Skanda Shopping Mall,Old Chad

99
Talkies,Vaddageri,39th Ward,Kurnool-518001 • Lucknow: CAMS SERVICE CENTER,No. 4,1st
Floor,Center, Court Building,3/c, 5 - Park Road, Hazratganj Lucknow, Uttarpradesh-226001 •
Ludhiana: CAMS SERVICE CENTER,U/ GF, Prince Market, Green Field,Near Traffic Lights,Sarabha
Nagar Pulli,Pakhowal Road,Ludhiana,Punjab,141002 • Madurai: CAMS SERVICE CENTER,Ist
Floor,278, North Perumal Maistry street(Nadar Lane),Madurai,Tamilnadu,625001 • Malda:
Daxhinapan Abasan,Opp Lane of Hotel Kalinga,SM Pally,Malda,Westbangal 732101 • Mangalore:
CAMS SERVICE CENTER,No.G 4 & G 5,Inland MonarchOpp. Karnataka Bank Kadri Main Road,
Kadri,Mangalore,Karnataka,575003 • Manipal: CAMS SERVICE CENTER,Shop No-A2,Basement
floor, Academy Tower,Opposite Corporation Bank,Manipal,Karnataka 576104 • Mapusa (Parent ISC
: Goa): office No. 503, Buildmore Business Park, New Canca By Pass Road, Ximer, Mapusa, Goa -
403 507. • Margao: CAMS SERVICE CENTER,F4-Classic Heritage,Near Axis Bank,Opp.BPS
Club,Pajifond,Margao,Goa-403601 • Mathura: 159/160 Vikas Bazar Mathura Uttarpradesh-281001 •
Meerut: CAMS SERVICE CENTER,No.108 Ist Floor,Shivam Plaza,Opp: Eves Cinema, Hapur
Road,Meerut,Uttarpradesh,250002 • Mehsana: 1st Floor,Subhadra ComplexUrban Bank
RoadMehsana,Gujarat,384002 • Moga: 9NO. New Town, Opp. Jaswal Hotel, Daman Building, Moga,
Punjab 142001 • Moradabad: CAMS SERVICE CENTER,No.H 21-22, Ist Floor,Ram Ganga
Vihar,Shopping Complex,Opposite Sale Tax Office, Moradabad-244001 • Mumbai: CAMS SERVICE
CENTER,Rajabahdur Compound,Ground Floor,Opp Allahabad Bank, Behind ICICI Bank30, Mumbai
Samachar Marg, FortMumbai,Maharashtra,400023 • Muzaffarpur: CAMS SERVICE
CENTER,Brahman Toli,Durgasthan Gola Road,Muzaffarpur,Bihar,842001 • Mysore: CAMS
SERVICE CENTER,No.1,1st Floor,CH.26 7th Main, 5th Cross (Above Trishakthi Medicals),Saraswati
Puram,Mysore,Karnataka,570009 • Nadiad: F 134, First Floor,Ghantakarna Complex Gunj
Bazar,Nadiad,Gujarat,387001 • Nagpur: CAMS SERVICE CENTER,145 ,Lendra,New
Ramdaspeth,Nagpur,Maharashtra,440010 • Namakkal: 156A / 1, First Floor, Lakshmi Vilas
BuildingOpp. To District Registrar Office, Trichy Road,Namakkal,Tamilnadu 637001 • Nasik: CAMS
SERVICE CENTER,1st Floor,"Shraddha Niketan",Tilak Wadi,Opp Hotel City Pride,Sharanpur
Road,Nasik-422002 • Navsari: 214-215, 2nd Floor, Shivani Park, Opp. Shankheswar Complex,
Kaliawadi, Navsari - 396445, Gujarat • Nellore: CAMS SERVICE CENTER,No.9/756, I Floor,
Immadisetty Towers,Ranganayakulapet Road, Santhapet,Nellore,AndhraPradesh,524001 • New Delhi:
CAMS SERVICE CENTER,7-E, 4th Floor,Deen Dayaal Research Institute,Building Swami
Ram,Tirath Nagar,Near Videocon Tower Jhandewalan Extension,New Delhi,NewDelhi,110055 • New
Delhi-CC: Flat no.512, Narian Manzil, 23 Barakhamba Road Connaught Place,NewDelhi,110001 •
Noida: CAMS SERVICE CENTER,E-3,Ground Floor,Sector 3,Near Fresh Food factory,Noida-
201301 • Palakkad: 10 / 688, Sreedevi Residency,Mettupalayam Street,Palakkad,Kerala,678001 •
Palanpur: CAMS SERVICE CENTER,Gopal Trade center,Shop No.13-14,3Rd Floor,Nr.BK
Mercantile bank,Opp.Old Gunj,Palanpur-385001 • Panipat: CAMS SERVICE CENTER,SCO 83-84,
First Floor, Devi Lal Shopping Complex, Opp RBL Bank, G.T.Road , Panipat, Haryana, 132103 •
Patiala: CAMS SERVICE CENTRE,No.35 New Lal Bagh,Opp.Polo Ground,Patiala-147001 • Patna:
CAMS SERVICE CENTER,G-3, Ground Floor,OM Complex,Near Saket Tower, SP Verma
Road,Patna,Bihar,800001 • Pitampura: CAMS SERVICE CENTER,Aggarwal Cyber Plaza-
II,Commercial Unit No-371,3rd Floor,Plot No C-7,Netaji Subhash Palace,Pitampura-110034 •
Pondicherry: CAMS SERVICE CENTER,No.S-8, 100,Jawaharlal Nehru Street(New Complex, Opp.
Indian Coffee House),Pondicherry,Pondicherry,605001 • Pune: CAMS SERVICE CENTER,Vartak
Pride,1st Floor,Survey No.46,City Survey No.1477,Hingne budruk,D.P.Road,Behind Dinanath
mangeshkar Hospital,Karvenagar,Pune-411052 • Rae Bareli: 17, Anand Nagar Complex Opposite Moti
Lal Nehru Stadium SAI Hostel Jail Road Rae Bareilly Uttar pradesh -229001 • Raipur: CAMS
SERVICE CENTER,HIG,C-23 Sector - 1Devendra Nagar,Raipur,Chattisgarh,492004 • Rajahmundry:
CAMS SERVICE CENTER,Door No: 6-2-12, 1st Floor,Rajeswari Nilayam,Near Vamsikrishna
Hospital,Nyapathi Vari Street, T Nagar,Rajahmundry,AndhraPradesh,533101 • Rajapalayam: No 59
A/1, Railway Feeder Road(Near Railway Station)RajapalayamTamilnadu626117 • Rajkot: CAMS
SERVICE CENTER,Office 207 - 210, Everest BuildingHarihar ChowkOpp Shastri Maidan,Limda
Chowk,Rajkot,Gujarat,360001 • Ranchi: CAMS SERVICE CENTER,No.4,HB RoadNo: 206,2nd
Floor Shri Lok ComplexH B Road Near Firayalal,Ranchi,Jharkhand,834001 • Ratlam: Dafria &
Co,No.18, Ram Bagh, Near Scholar's School,Ratlam, MadhyaPradesh 457001 • Ratnagiri: Orchid
Tower, Ground Floor, Gala No 06, S.V.No.301/Paiki 1/2, Nachane Munciple Aat, ArogyaMandir,
Nachane Link Road, Ratnagiri, Maharashtra - 415 612 • Rohtak: CAMS SERVICE CENTRE,SCO
06,Ground Floor,MR Complex,Near Sonipat Stand Delhi Road,Rohtak-124001 • Roorkee: 22, Civil

100
Lines, Ground Floor,Hotel Krish Residency,Roorkee,Uttarakhand 247667 • Rourkela: CAMS
SERVICE CENTRE,2nd Floor,J B S Market Complex,Udit Nagar,Rourkela-769012 • Sagar: Opp.
Somani Automobile,s Bhagwanganj Sagar, MadhyaPradesh 470002 • Saharanpur: I Floor, Krishna
ComplexOpp. Hathi GateCourt Road,Saharanpur,Uttarpradesh,247001 • Salem: No.2, I Floor
Vivekananda Street,New Fairlands,Salem,Tamilnadu,636016 • Sambalpur: C/o Raj Tibrewal &
AssociatesOpp.Town High School,Sansarak Sambalpur,Orissa,768001 • Sangli: Jiveshwar Krupa
BldgShop. NO.2, Ground Floor,Tilak ChowkHarbhat Road,Sangli,Maharashtra-416416 • Satara: 117 /
A / 3 / 22, Shukrawar Peth,Sargam Apartment,Satara,Maharashtra,415002 • Shahjahanpur: Bijlipura,
Near Old Distt Hospital, Jail Road ,Shahjahanpur Uttarpradesh-242001 • Shillong: 3rd FloorRPG
Complex,Keating Road,Shillong,Meghalaya,793001 • Shimla: I Floor, Opp. Panchayat Bhawan Main
gateBus stand,Shimla,HimachalPradesh,171001 • Shimoga: No.65 1st FloorKishnappa Compound1st
Cross, Hosmane Extn,Shimoga,Karnataka,577201 • Siliguri: CAMS SERVICE
CENTER,No.78,Haren Mukherjee Road,1st Floor,Beside SBI Hakimpara,Siliguri-734001 • Sirsa:
Ground floor of CA Deepak Gupta, M G Complex, Bhawna marg , Beside Over Bridge,bansal Cinerma
Market, Sirsa Haryana,125055 • Sitapur: Arya Nagar Near Arya Kanya School Sitapur Uttarpradesh-
261001 • Solan: 1st Floor, Above Sharma General Store,Near Sanki Rest house,The Mall,Solan,
HimachalPradesh 173212 • Solapur: Flat No 109, 1st FloorA Wing, Kalyani Tower126 Siddheshwar
Peth,Near Pangal High SchoolSolapur,Maharashtra,413001 • Sri Ganganagar: 18 L BlockSri
Ganganagar,Rajasthan,335001 • Srikakulam: Door No 4—4-96,First Floor.Vijaya Ganapathi Temple
Back Side,Nanubala Street ,Srikakulam, AndhraPradesh 532001 • Sultanpur: 967, Civil Lines Near
Pant Stadium Sultanpur Uttarpradesh-228001 • Surat: CAMS SERVICE CENTRE,Shop No.G-
5,International Commerce Center,Nr.Kadiwala School,Majura Gate,Ring Road,Surat-395002 •
Surendranagar: 2 M I Park, Near Commerce College, Wadhwan City,Surendranagar Gujarat 363035 •
Tambaram: CAMS SERVICE CENTER,3rd Floor, B R Complex,No.66,Door No.11A,Ramakrishna
Iyer Street,Opp.National Cinema Theatre,West Tambaram,Chennai-600045 • Thane: CAMS
SERVICE CENTER,Dev Corpora,1st Floor,Office No.102,Cadbury Junction,Eastern Express
Way,Thane-400601 • Tinsukia: CAMS Transaction Point, Bhowal Complex Ground Floor, Near Dena
Bank, Rongagora Road PO / Dist - Tinsukia Assam PIN -786 125 • Tirunelveli: CAMS SERVICE
CENTRE,No.F4,Magnam Suraksaa Apatments,Tiruvananthapuram Road,Tirunelveli-627002 •
Tirupati: Shop No : 6,Door No: 19-10-8,(Opp to Passport Office),AIR Bypass Road,Tirupati-
517501,AndhraPradesh • Tirupur: 1(1), Binny Compound,II Street,Kumaran
Road,Tirupur,Tamilnadu,641601 • Tiruvalla: 1st Floor, Room No - 61(63), International Shopping
Mall, Opp St. Thomas Evangelical Church, Above Thomson Bakery, Manjady, Tiruvalla, Kerala –
689105 • Trichur: Room No. 26 & 27Dee Pee Plaza,Kokkalai,Trichur,Kerala,680001 • Trichy: No 8,
I Floor, 8th Cross West Extn,Thillainagar,Trichy,Tamilnadu,620018 • Trivandrum: R S Complex,Opp
of LIC Building,Pattom PO,Trivandrum,Kerala,695004 • Tuticorin: 4B/A16, Mangal Mall
Complex,Ground Floor,Mani Nagar,TuticorinTamilnadu628003 • Udaipur: CAMS SERVICE
CENTRE,No.32,Ahinsapuri,Fatehpura Circle,Udaipur-313001 • Ujjain: 123, 1st Floor, Siddhi
Vinanyaka Trade CENTER,Saheed Park,UjjainMadhyaPradesh456010 • Vadodara: CAMS SERVICE
CENTER,No.103, Aries Complex,Bpc Road, Off R.C.Dutt Road,Alkapuri,Vadodara,Gujarat,390007 •
Valsad: 3rd floor,Gita Nivas, opp Head Post Office,Halar Cross LaneValsad,Gujarat,396001 • Vapi:
208, 2nd Floor HEENA ARCADE,Opp. Tirupati TowerNear G.I.D.C. Char Rasta,Vapi,Gujarat,396195
• Varanasi: Office no 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra Beside
Kuber Complex, Varanasi, Uttarpradesh-221010 • Vasco(Parent Goa): No DU 8, Upper Ground Floor,
Behind Techoclean Clinic, Suvidha Complex Near ICICI Bank,Vasco,Goa,403802 • Vashi: CAMS
SERVICE CENTER,BSEL Tech Park,B-505,Plot No.39/5 & 39/5A,Sector 30A,Opp.Vashi Railway
StationmVashi,Navi Mumbai-400705 • Vellore: CAMS SERVICE CENTRE,AKT Complex,2nd
Floor,No.1,3,New Sankaranpalayam Road Tolgate,Vellore-632001 • Vijayawada: CAMS SERVICE
CENTER,40-1-68, Rao & Ratnam Complex,Near Chennupati Petrol Pump,M.G Road,
Labbipet,Vijayawada,AndhraPradesh,520010 • Visakhapatnam: CAMS SERVICE CENTER,Door No
48-3-2,Flat No 2, 1st Floor, Sidhi Plaza,Near Visakha Library, Srinagar, Visakhapatnam- 530 016 •
Warangal: F-7, 1st Floor, A.B.K Mall, Old Bus Depot Road, Ramnagar, Hanamkonda,
Warangal.Telangana- 506001 • Yamuna Nagar: 124-B/R,Model TownYamunanagar,Yamuna
Nagar,Haryana,135001 • Yavatmal: Pushpam, Tilakwadi,Opp. Dr. Shrotri
Hospital,Yavatmal,Maharashtra 445001
IDFC AMC OFFICES:

101
• Agra: IDFC Asset Management Company Limited, Office No. 307A, 3rd Floor, Block # 38/4A
Sumriddhi Business Suites, Sanjay Place, Agra – 282002 Tel.:+91 562 4064889.
• *Allahabad: S. N. Tower, 2nd Floor, 4 C, Maharshi Dayanand Marg, Opp. Radio Station, Civil
Lines, Allahabad - 211 001.
• Ahmedabad: B Wing, 3rd Floor, Chandan House, Opp Gruh Finance, Mithakhali Six Roads, Law
Garden, Ahmedabad 380006.Tel.:+9179-26460923 -26460925, 64505881 , 64505857.
• Amritsar: Unit No. SF-1, 2nd
Floor, Eminent Mall, Mall Road, Amritsar - 143001. Mobile:
09356126222, Tel.: +91-183-5030393.
• Bangalore: 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore - 560 001.
Tel.: +91-80-43079000.
• Bhilai: 26, Commercial Complex, Nehru Nagar (E), Bhilai, Chhattisgarh- 490020. Tel.: 0788
4060065
• Bhopal: Plot No. 49, 1st floor, Above Tata Capital Ltd., Zone - II, M.P Nagar, Bhopal (M.P.) -
462011 Tel.: +91- 0755 - 428 1896.
• Bhubaneswar: Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar - 751001. Tel.:
0674 6444252 /0674 2531048 / 0674 2531148.
• Chandigarh: SCO No. 2469-70, 1st Floor, Sector - 22C, Chandigarh - 160 022. Chandigarh - 160
022. Tel.: +91-172-5071918/19/21/22, Fax: +91-172-5071918.
• Chennai: 4 Floor, Capitale Tower, 555 Anna Salai, Thiru Vi Ka Kudiyiruppu, Teynampet , Chennai
- 600018,Tamil Nadu. Tel.: +91-44-45644201/202.
• Cochin:39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin - 682 016. Tel: +91-
484-3012639/4029291, Fax: +91-484-2358639.
• Coimbatore: A2 Complex , No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore -
641 002. Tel.: +91-422-2542645, 2542678.
• Dehradun: G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt
Road, Dehradun - 248 001. Tel.: +91-9897934555, 8171872220
• *Durgapur: 6/2A, Suhatta, 6th Floor, City Centre, Durgapur - 713216. Tel.: +91 8537867746.
• Goa: F-27 & F-28, 1st Floor, Alfran Plaza, M.G Road, Opp.Don Bosco High School, Panjim, Goa
- 403 001. Tel.: 0832-2231603.
• Guwahati: 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station,
Guwahati - 781 007. Tel.: 0361-2132178/88.
• Hyderabad: 3rd floor, SB towers, Banjara Hills Road no. 1, Nearby Nagarjuna circle, Hyderabad -
500034. Tel.: +91- 40 - 23350744.
• Indore: 405, 4th Floor, 21/ 1, D. M. Tower, Race Course Road, Indore - 452 001. Tel.: +91-731-
4206927/ 4208048. Fax: +91-731-4206923.
• Jaipur: 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-
Scheme, Jaipur-302001. Tel.: +91-0141-2360945, 0141-2360947, 0141-2360948.
• Jalandhar: 1st Floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar-144001. Punjab-India.
Tel. : 01815018264 / 01815061378/88.
• Jamshedpur: Room No - 111,1st Floor, Yash Kamal Complex, Main Road, Bistupur, Jamshepdur
– 831 001. Tel.: 0657-2230112/111/222.
• Kanpur: Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001.
Tel.: +91 512-2331071, 2331119.
• Kolkata: Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-
40171000/1/2/3/4/5.
• Lucknow: 1st Floor, Aryan Business Park, Exchange cottage, 90MG Marg, Park Road, Lucknow-
226 001. Tel.:+915224928100/106.
• Ludhiana: SCO 124, 1st
Floor, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: +91-161-
5022155/56/57.
• *Madurai: No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai-625 001. Tel.
No. : 0452 -6455530.
• Mangalore: 1st Floor, Crystal Arcade, Balmatta Road, Hampankatta, Mangalore - 575001. Tel.:
+91 8242980769.
• Mumbai: 2nd Floor, Ramon House, H. T. Parekh Marg, 169, Backbay Reclamation, Opp. Aakash
Wani, Churchgate, Mumbai - 400 020. Tel.: +91-22-22021413/22020748.
• Mumbai: Office No. 308, Zest Business Spaces, M. G. Road, Ghatkopar (East), Mumbai- 400077.
 •Mumbai: Ground Floor, Kapoor Apartment CHS, Near Punjabi Lane, Chandavarkar Road,

102
Borivali (West) Mumbai - 400092. Tel.: 022 48794555.
• Nagpur: P. N. 6, First Floor, Vasant Vihar, West High Court Road, Shankar Nagar, Nagpur-440010.
Tel.: +91-712-6451428/ 2525657.
• Nashik: Shop No - 6, Rajvee Enclave, New Pandit Colony, Off. Sharanpur Road, Nashik - 422002.
Tel. No. : 0253-2314611 / 9823456183.
• New Delhi: 4th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-
47311301/ 02/ 03/ 04/ 05.
• Pitampura Delhi: Shop No. 01 and 02, Ground Floor, Pearls Best Heights-II, Plot No. C-9,
Pitampura, Delhi. Tel.: +7065551661
• Patna: 406, Ashiana Hariniwas, New Dakbanglow Road, Patna - 800 001. Tel.: +91-612-6510353.
• Pune: 1st Floor, Dr. Herekar Park Building, Next to Kamala Nehru Park, Off. Bhandarkar Road,
Pune - 411 004. Tel.: +91-20-66020965/ 4.
• Raipur: Office No:T-19, III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C.G.)
- 492 001.Tel: +91-0771-4218890.
• Rajkot: “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-
281-6626012.
• Ranchi: Shop No. 104 and 105, 1st Floor, Satya Ganga Arcade, Vinod Ashram Road, Ranchi -
834001. Tel.: 0651-2212591/92.
• Surat: HG-12, Higher Ground Floor,International Trade Centre, Majura Gate Crossing, Ring Road,
Surat- 395002.Tel.: +91-261-2475060, 2475070.
• Thane: Shop No. 1, Konark Towers, Ghantali Devi Road, Thane (West) 400602.
• Vadodara: 301 2nd Floor, Earth Complex, opposite Vaccine Ground, Above Indian Overseas Bank,
Old Padra Road, Vadodara – 390015. Tel.: +91-0265-2339623/2339624/2339325.
• Varanasi: 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi - 221010 (U.P)
Phone No. 05422226527.
Please note that the IDFC Branch offices at • Allahabad • Durgapur and • Madurai will not be an
Official Point of Acceptance of transactions. Accordingly, no transaction applications / investor service
requests shall be accepted at these branch offices and the same will continue to be accepted at Investor
Service Centre (ISC) of Computer Age Management Services Pvt. Ltd. (CAMS), the Registrar of IDFC
Mutual Fund.
Point of Service locations (“POS”) of MF Utilities India Private Limited (“MFUI”)
All the authorised MFUI POS designated by MFUI from time to time shall be the Official Points of
Acceptance of Transactions. In addition to the same, investors can also submit the transactions
electronically on the online transaction portal of MFUI (www.mfuonline.com). To know more about
MFU and the list of authorised MFUI POS, please visit the MFUI website (www.mfuindia.com).
Website / Electronic modes - IDFC AMC shall accept transactions through its website
(www.idfcmf.com), mobile website (m.idfcmf.com) etc. Transactions shall also be accepted through
other electronic means including through secured internet sites operated by CAMS with specified
channel partners (i.e. distributors) with whom AMC has entered into specific arrangements. The servers
of IDFC AMC and CAMS, where such transactions shall be sent shall be the official point of acceptance
for all such online / electronic transaction facilities offered by the AMC.
NSE MFSS / BSE STAR / ICEX - Eligible Brokers/Clearing Members/Depository Participants /
Distributors will be considered as the Official Point of Acceptance for the transactions through NSE
MFSS, BSE STAR and ICEX platforms.

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