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A PROJ ECT REPORT

ON
Financial Markets
WITH SPECIAL REFERENCE TO



LATUR
SUBMITTED TO

S.R.T.M.U.NANDED

SUBMITTED BY

DNYANESHWAR H. YERME
M.B.A.(FINANCE)

GUIDED BY

H.S.PATIL






SWAMI RAMANAND TIRTH MARATHAWADA
UNIVERSITY, NANDED
SUB-CENTRE LATUR
(2011-2012)

SWAMI RAMANAND TEERTH MARATHWADA UNIVERSITY, NANDED.
SCHOOL OF MANAGEMENT
SUB-CENTRE, LATUR.

This is to certify that MR.DNYANESHWAR H. YERME
of SRTMUN, Sub-centre school of management has successfully
completed the project work titled
CERTIFICATE
FINANCIAL MARKETS
In partial fulfillment of requirement for the award of (MASTER OF
BUSINESS ADMINISTRATION) prescribed by the SWAMI RAMANAND
TEERTH MARATHWADA UNIVERSITY, NANDED.
This project is the record of authentic work carried out during the
academic year (2011-2012)



H.S.PATIL Dr. D.MISHRA
Project Guide Director



DECLARATION

I here by declare that the thesis entitle FINANCIAL MARKETS completed
And written by me has not previously formed the basis for the award of
any degree or diploma or other similar title of this or any other
University or examining body.



INDEX
Sr. No. Topics Pg. No.
Chap. 1 Introduction and Research Methodology
1.1 Introduction to Topic
1.2 Importance of the Study
1.3 Statement of the problem
1.4 Objective of the Study
1.5 Methodology adopted Universe Sampling etc
1.6 Tools of Data Collection
1.7 Scope of the Study
1.8 Limitations of the Study
Chap. 2 Theoretical Frame Work
Chap. 3 Organization profile
3.1 History of the organization
3.2 Vision & Mission
3.3 Other information about the bank
Chap.4 Data Presentation, Analysis & Interpretation
Chap.5 Findings , Suggestion and Conclusion
Questionnaire
Bibliography




Introduction
HDFC Standard Life, one of India's leading private life insurance
companies, offers a range of individual and group insurance solutions. It is a
joint venture between Housing Development Finance Corporation Limited
(HDFC), India's leading housing finance institution and Standard Life plc, the
leading provider of financial services in the United Kingdom.
HDFC Ltd. holds 72.43% and Standard Life (Mauritius Holding) Ltd. holds
26.00% of equity in the joint venture, while the rest is held by others.
HDFC Standard Life's product portfolio comprises solutions, which meet
various customer needs such as Protection, Pension, Savings, Investment and
Health. Customers have the added advantage of customizing the plans, by
adding optional benefits called riders, at a nominal price. The company
currently has 32 retail and 4 group products in its portfolio, along with five
optional rider benefits catering to the savings, investment, protection and
retirement needs of customers.
HDFC Standard Life continues to have one of the widest reaches among new
insurance companies with 568 branches servicing customer needs in over 700
cities and towns. The company has a strong presence in its existing markets
with a base of 2,00,000 Financial Consultants.













Research Methodology

Tools of data collection and sampling procedure
For collecting the information on the given topic a survey work was
carried out in the Latur City for collecting vital information on important areas.
Research approach


Here the researcher adopted the survey method for this analytical study.
A schedule was used to collect information through personal interviews from
the current customers, general public. A structured questionnaire is used for the
collection of primary data.
Sampling Methods


The sample size included 100 people from various walks of life.
Sample Size


There are mainly two types by which data could be collected, namely:
Division of Data
1. Primary Data
2. Secondary Data





1.
This data which is collected in fresh and for the first time and thus
original in character. The data, which Researcher collected, is from the people
in various walks of life. It collected with help of well-structured questionnaire
along with formal interview and informal interview. Planning of the
questionnaire is explained in the next topic separately.

Primary Data

2.
This data on the other hand is that which is not collected in fresh. It has
been collected from the company records and internal documentation. It
collected through inner sources of the firm so it is further distinguished as
Internal Secondary data. Secondary data was collected from the following
sources.
Secondary Data

Internal Marketing Bulletin i.e. infocom magazine
Communication files maintained by the Dealers
Marketing Guide for the executives










Data Analysis:
i)
The answer given by the respondent was checked properly and table that
consisted of the percentage % of different answer to each question was made
the complaints and suggestions were recorded.
Data from the questionnaire

ii)
The data obtained mainly consisted of opinion and suggestion, so it is
subjected to comparison and the reason behind it was found out.
Data from formal Interview

iii)
The Data is also collected from the experts from the informal interview.
The experts consist of all lead managers of various companies.
Data from informal Interview










THEROTICAL FRAME WORK






ORGANISATION PROFILE
HDFC STANDARD LIFE

The reforms were aimed at creating a more efficient and competitive financial
system suitable for the requirements of the economy keeping in mind the
structural changes currently underway and recognizing that insurance is an
important part of the overall financial system where it was necessary to address
the need for similar reforms
In 1994, the committee submitted the report and some of the key recommendations
included: i) Structure

Government stake in the insurance Companies to be brought down to 50%

Government should take over the holdings of GIC and its subsidiaries so that
these subsidiaries can act as independent corporations.

All the insurance companies should be given greater freedom to operate
ii) Competition

Private Companies with a minimum paid up capital of Rs.1bn should be
allowed to enter the industry.

No Company should deal in both Life and General Insurance through a single
entity.

Foreign companies may be allowed to enter the industry in collaboration with
the domestic companies.

Postal Life Insurance should be allowed to operate in the rural market.
Only one State Level Life Insurance Company should be allowed to operate in
each state
iii) Regulatory Body

The Insurance Act should be changed

An Insurance Regulatory body should be set up

Controller of Insurance (Currently a part from the Finance Ministry) should
be made independent
iv) Investments

Mandatory Investments of LIC Life Fund in government securities to be
reduced from75% to 50%

GIC and its subsidiaries are not to hold more than 5% in any company (There
current holdings to be brought down to this level over a period of time)
v) Customer Service

LIC should pay interest on delays in payments beyond 30 days

Insurance companies must be encouraged to set up unit linked pension plans


Computerization of operations and updating of technology to be carried out in
the Insurance industry The committee emphasized that in order to improve the
customer services and increase the coverage of the insurance industry should be
opened up to competition. But at the same time, the committee felt the need to
exercise caution as any failure on the part of new players could run the public
confidence in the industry. Hence, it was decided to allow competition in a
limited way by stipulating the minimum capital requirement of Rs.100 crore.
The committee felt the need to provide greater autonomy to insurance
companies in order to improve their performance and enable them to act as
independent companies with economic motives. For this purpose, it had
proposed setting upon independent regulatory body.
The Insurance Regulatory and Development Authority (IRDA)
Reforms in the Insurance sector were initiated with the passage of the IRDA
Bill in Parliament in December 1999. The IRDA since its incorporation as a
statutory body in April2000 has fastidiously stuck to its schedule of framing
regulations and registering the private sector insurance companies. The other
decision taken simultaneously to provide the supporting systems to the
insurance sector and in particular the life insurance companies was the launch of
the IRDAs online service for issue and renewal of licenses to agents.
The approval of institutions for imparting training to agents has
also ensured that the insurance companies would have a trained
workforce of insurance agents in place to sell their products, which are
expected to be introduced by early next year. Since being set up as an
independent statutory body the IRDA has put in a framework of globally
compatible regulations. In the private sector 12 life insurance and 6
general insurance companies have been registered.




Punch line: -
With You, Right Through; painting your world with safety and security.


History of Organization

HDFC Bank began operations in 1995 with a simple mission: to be a
"World-class Indian Bank".
The Housing Development Finance Corporation Limited (HDFC) was
amongst the first to receive an 'in principle' approval from the Reserve Bank of
India (RBI) to set up a bank in the private sector, as part of the RBI's
liberalization of the Indian Banking Industry in 1994. The bank was
incorporated in August 1994 in the name of 'HDFC Bank Limited', with its
registered office in Mumbai, India. HDFC Bank commenced operations as a
Scheduled Commercial Bank in J anuary 1995.
HDFC Bank Limited, a private sector bank, provides financial services to
corporations, and middle and upper-income individuals in India. It has three
divisions: Wholesale Banking, Retail Banking, and Treasury Operations. The
Wholesale Banking division provides loans, deposit products, documentary
credits, guarantees, bullion trading, and foreign exchange and derivative
products. It also offers cash management services, clearing and settlement
services for stock exchanges, tax and other collections for the government,
custody services for mutual funds, and correspondent banking services. The


Retail banking division provides various deposit products, as well as loans, bill
payment services, gold and silver credit cards, debit cards, third party
distribution, investment advisory services, card and automated teller machine
(ATM) acquiring transactions, and depositary services. The Treasury
Operations division offers foreign exchange and derivative products for its
clients. In addition, the bank provides telephone, Internet, and mobile telephone
banking services. As of March 31, 2005, it operated 467 branches and 1,147
ATMs in 211 cities. The company was incorporated in 1994 and is
headquartered in Mumbai, India.

BUSINESS FOCUS

HDFC Bank's mission is to be a World-Class Indian Bank. The objective
is to build sound customer franchises across distinct businesses so as to be the
preferred provider of banking services for target retail and wholesale customer
segments, and to achieve healthy growth in profitability, consistent with the
bank's risk appetite. The bank is committed to maintain the highest level of
ethical standards, professional integrity, corporate governance and regulatory
compliance. HDFC Bank's business philosophy is based on four core values -
Operational Excellence, Customer Focus, Product Leadership and People.
















DISTRIBUTION NETWORK
HDFC Bank is headquartered in Mumbai. The Bank at present has an
enviable network of over 531 branches spread over 228 cities across India. All
branches are linked on an online real-time basis. Customers in over 120
locations are also serviced through Telephone Banking. The Bank's expansion
plans take into account the need to have a presence in all major industrial and
commercial centers where its corporate customers are located as well as the
need to build a strong retail customer base for both deposits and loan products.
Being a clearing/settlement bank to various leading stock exchanges, the Bank
has branches in the centres where the NSE/BSE have a strong and active
member base.
The Bank also has a network of about over 1054 networked ATMs across
these cities. Moreover, HDFC Bank's ATM network can be
accesed by all domestic and international Visa/MasterCard, Visa
Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders
Location of the HDFC


Associated Companies: -
HDFC Mutual Funds.
HDFC Standard Life Insurance Company.
HDFC Security.
HDFC Reality.
HDFC Chubb General Insurance Company
Ltd.
HDFC Internet global Service Ltd.
HDFC Credit Information India Ltd.


Organization & Management




Board of Directors
Chairman

Mr. Deepak S. Parekh is the Chairman of the Company. He is also the
Executive Chairman of Housing Development Finance Corporation Limited
(HDFC
Limited). He joined HDFC Limited in a senior management position in 1978.
He was
inducted as a whole-time director of HDFC Limited in 1985 and was appointed
as its
Executive Chairman in 1993. He is the Chief Executive Officer of HDFC
Limited.
Mr. Parekh is a Fellow of the Institute of Chartered Accountants (England &
Wales).

Directors
Mr. K. M. Mistry joined the Board of Directors of the Company in
December,
2000. He is currently the Managing Director of HDFC Limited. He joined
HDFC Limited in 1981 and became an Executive Director in 1993. He was
appointed as its Managing Director in November, 2000. Mr. Mistry is a Fellow
of the Institute of Chartered Accountants of India and a member of the
Michigan
Association of Certified Public Accountants
12
Mr. Alexander M Crombie joined the Board of Directors of the Company in
April, 2002. He has been with the Standard Life Group for 34 years holding
various senior management positions. He was appointed as the Group Chief
Executive of the Standard Life Group in March 2004. Mr. Crombie is a fellow
of the Faculty of Actuaries in Scotland.
Ms. Renu S. Karnad is the Executive director of HDFC Limited, is a
graduate
in law and holds a Master's degree in economics from Delhi University. She has
been employed with HDFC Limited since 1978 and was appointed as the
Executive Director in 2000. She is responsible for overseeing all aspects of
lending operations of HDFC Limited.
Ms. Marcia D. Campbel is currently the Group Operations Director in the
Standard Life group and is responsible for Group Operations, Asia Pacific
Development, Strategy & Planning, Corporate Responsibility and Shared
Services Centre. Ms. Campbell joined the Board of Directors in November
2005.
Mr. Norman Keith Skeoch is currently the Chief Executive in Standard
Life
Investments Limited and is responsible for overseeing Investment Process &
Chief Executive Officer Function. Prior to this, Mr. Skeoch was working with
M/s. J ames Capel & Co. holding the positions of UK Economist, Chief
Economist, Executive Director, Director of Controls and Strategy HSBS
Securities and Managing Director International Equities. He was also
responsible for Economic and Investment Strategy research produced on a
worldwide basis. Mr. Skeoch joined the Board of Directors in November 2005.
Mr. Gautam R Divan is a practising Chartered Accountant and is a Fellow
of
the Institute of Chartered Accountants of India. Mr. Divan was the Former
Chairman and Managing Committee Member of Midsnell Group International,
an International Association of Independent Accounting Firms and has authored
several papers of professional interest. Mr. Divan has wide experience in
auditing accounts of large public limited companies and nationalized banks,
financial and taxation planning of individuals and limited companies and also
has substantial experience in structuring overseas investments to and from
India.
13
Mr. Ranjan Pant is a global Management Consultant advising CEO/Boards
on
Strategy and Change Management. Mr. Pant, until 2002 was a Partner & Vice-
President at Bain & Company, Inc., Boston, where he led the worldwide Utility
Practice. He was also Director, Corporate Business Development at General
Electric headquarters in Fairfield, USA. Mr. Pant has an MBA from The
Wharton School and BE (Honors) from Birla Institute of Technology and
Sciences.
Mr. Ravi Narain is the Managing Director & CEO of National Stock
Exchange
of India Limited. Mr. Ravi Narain was a member of the core team to set-up the
Securities & Exchange Board of India (SEBI) and is also associated with
various committees of SEBI and the Reserve Bank of India (RBI).

Managing Director and CEO
Mr. D. M. Satwalekar is the Managing Director and CEO of the Company
since November, 2000. Prior to this, he was the Managing Director of HDFC
Limited since 1993. Mr. Satwalekar obtained a Bachelors Degree in Technology
from the Indian Institute of Technology, Bombay and a Masters Degree in
Business
Administration from The American University, Washington DC.








Organizational Chart of the HDFC: -















Executive Director



Managing Director

General Manager

Deputy General Manager
Chairman
Senior General Manager


Board of Directors
Awards and Accolades: -
s
HDFC ranked No. 3 Indias Best Managed Companies by finance
Asia.

The Economic Times Lifetime Achievement Award - 2003. (For Mr.
Deepak Parekh - Chairman, HDFC Ltd.)

One of the Top Ten Most Admired Companies in India ' - 2003 by
Business Barons

Retail Banking Risk Management Award in India - 2004 by the
Asian Banker Excellence.

Economic Times Awards "Company of the Year" Award for
Corporate Excellence 2004-05.

Asia money Awards Best Domestic Commercial Bank Best Cash
Management Bank - India 2005.




Our Vision & Values
The most successful and admired life insurance company, which
means that we are the most trusted company, the easiest to deal
with, offer the best value for money, and set the standards in the
industry.
The most obvious choice for all.
Our Values
Values that we observe while we work:
Integrity
Innovation
Customer centric
People Care One for all and all for one
Team work
J oy and Simplicity








HDFC Future Plans
HDFC has always been market-oriented and dynamic with respect to
resource mobilization as well as its lending Programmer. This renders it
more than capable to meet the new challenges that has emerged

HDFC has developed a vast client base of Borrowers, depositors,
shareholders and agents, and it hopes to capitalize on this loyal and satisfied
client base for future growth.

Internal systems have been developed to be robust and agile, to take into
account changes in the Volatile external environment.

HDFC has developed a network of institutions through partnerships with
some of the best institutions in the world, for providing specialized financial
services. Each institution is being fine-tuned for a specific market, while
offering the entire HDFC customer base the highest standards of quality in
product design, facilities and service.










Following are the Life insurance plans offered
by HDFC Life Insurance Company Ltd.

1.Protection Plans



Protection Plans ensures your familys financial independence in the event of
your unfortunate demise or critical illness.
Protection Plan - Currently available products to purchase

Following are the Protection Plans offered by HDFC Life
Insurance





a. HDFC Term Assurance Plan : The Plan is designed to secure your family
from any kind of financial uncertainties. It provides you high cover at nominal
cost, flexibility to choose the sum assured an additional benefit options can be
availed at marginal cost and gives you the option of paying single premium or
regular premium.

b. HDFC Premium Guarantee Plan: It is an insurance plan that comes with
double advantage of protection and return of premiums* on maturity. So, you
can enjoy life meaningful that your familys financial independence is secure
even in your absence. And your premiums are yours on your survival at
maturity.

c. HDFC Loan Cover Term Assurance Plan : It protects your family form
your loan liabilities in case of your demise within the policy term, a lump sum
amount is provided which is a decreasing percentage of the initial Sum Assured.

c. HDFC Home Loan Protection Plan : The plan protects your family from
your loan liabilities in case of your unfortunate demise within the policy term.
In case if you are not there to repay the monthly installment on your housing
loan, then a sum of money is available towards repaying your housing loan.

2.Childrens Plans


The children plan helps you to fulfill your childs dreams. The
plan secures your childs future financially even though you are not around
them.

a. HDFC Children's Plan- The plan ensures that you can start building your
savings today to give a bright future to your child. A the time of maturity a
guaranteed lump sum is given to the beneficiary or in case of your unfortunate
demise, early into the policy term.

b. HDFC Unit Linked Young Star II- The plan provides a valuable protection
to your child in case you are not there to support them. The unit linked plan also
gives you an outstanding investment opportunity to maximize your savings by
providing you a choice of thoroughly researched & selected investments.

c. HDFC SL YoungStar Super Premium - This plan offers you choice of
cover options and benefit payment preferences- all designed to suit your needs.

Children Plan - Old products not available for fresh purchase

a.HDFC Unit Linked Young Star II- The plan provides a valuable protection
to your child in case you are not there to support them. The unit linked plan also
gives you an outstanding investment opportunity to maximize your savings by
providing you a choice of thoroughly researched & selected investments.

b. HDFC Unit Linked Young Star Plus II- The plan provides a valuable
protection to your child in case you are not there to support them. The unit
linked plan also gives you an outstanding investment opportunity to maximize
your savings by providing you a choice of thoroughly researched & selected
investments. Along with that a regular Loyalty Units are also provided to
improve your fund value every year.

d. HDFC Unit Linked Young Star Champion- The plan provides a valuable
protection to your child in case you are not there to support them. The unit
linked plan also gives you an outstanding investment opportunity to maximize
your savings by providing you a choice of thoroughly researched & selected
investments. Along with that the plan also provides Bumper Addition to the
funds at the time of maturity.






3. Retirement plan

The Retirement Plans of HDFC Life Insurance ensure you to
provide a secure life after your retirement. It provides you with financial
security in life & you dont need to comprise with your life. The plan gives you
a lump sum on retirement, which helps you to get a regular income through an
annuity plan.

Retirement Plans - Currently available products to purchase

a. HDFC Personal Pension Plan- A plan that gives you a post retirement
income for life. You can choose the premium, sum assured and your retirement
date too.

b. HDFC Immediate Annuity- It is a contract that uses your capital to provide
you with a guaranteed gross income through out your life. The income is
guaranteed & is unaffected by rise or fall of interest rates.

Retirement Plans - Old products not available for fresh purchase

a. HDFC Unit Linked Pension II- A unit linked insurance plan that gives
you an outstanding investment opportunity to maximize your saving. It
also gives you Bumper Addition.

b. HDFC Unit Linked Pension Maximiser II- Its a unique single
premium unit linked plan, designed to provide a post retirement income
with maximum investment returns. The plan also gives Bumper Addition
of 10% of initial single premium at vesting & on death.


4.Saving & Investment:



The saving & investment plan gives you dual benefit of protection & long term
savings. Along with that an assured sum for your future need.
Saving & Investment Plans - Currently available products to purchase

a.HDFC SL Crest It is insurance cum investment plan that provides valuable
financial protection to your family when needed the most along with an
investment option for certainty of highest NAV along with a guarantee on
returns.

b.HDFC SL ProGrowth Super II It is savings-cum-insurance plan that will
help you naturally provide the best for your family, be it today or tomorrow.

c.HDFC SL ProGrowth Maximiser - This plan strives to maximize your
returns so that ensuring the best for your loved ones is easy.

d. HDFC Endowment Assurance Plan- The plan will give your family a
guaranteed lump sum on maturity or in case of your unfortunate demise.

e. HDFC Money Back Plan- The plan gives you proportion of the basis Sum
Assured as cash lump sums after every 5 years.

f. HDFC Single Premium Whole of Life Insurance Plan- A single premium
investment plan which provides long-term real growth of your money.

g. HDFC Assurance Plan- A long term saving plan that will secure the life of
your family too.

h. HDFC Savings Assurance Plan- A plan which comes 'With Profits' savings
plan which helps you easily build your long-term savings and ensure that your
family is protected even if you are not around.



Saving & Investment Plans - Old products not available for fresh purchase

a. HDFC Unit Linked Endowment Plus II- With this plan you start saving
today so that your family remains financially independent, even when you are
not around. The plan gives you Loyalty Units to boost your fund value.

b. HDFC SimpliLife- The HDFC SimpliLife Plan gives you the opportunity to
maximize your savings & secure your familys future.

c. HDFC Unit Linked Endowment II- The plans comes with additional
benefits like Life option, extra life option, life & health option & extra life &
health option.

d. HDFC Unit Linked Enhanced Life Protection II- Under this plan the sum
assured chosen by you will automatically increased by 5% each year.

e. HDFC Unit Linked Wealth Maximiser Plus - Its a unique single premium
investment cum protection plan, which gives you Loyalty Units to enhance your
fund value every year.

f. HDFC Unit Linked Endowment Winner- The plan gives you the choice of
thoroughly researched & select the investments. It comes with Bumper Addition
to the fund value at maturity.



Health Plan - Currently available products to purchase

5.Health Plan


Health plans give you the financial safety to get together
health related contingencies. Due to changing lifestyles, health issues have
acquired completely new dimension overtime, becoming more complex in
nature. It becomes imperative then to have a health plan in place, which will
ensure that no substance how critical your illness is, it does not impact your
financial independence.

a. HDFC Critical Care Plan Its provides for a lump sum payment on
survival post diagnosis of a critical illness, so that in the event a critical illness
strikes, you dont have to dig into those precious savings of yours.


b. HDFC SurgiCare Plan Its provides you with timely support in case you
have to undergo a major surgery and hospitalization, as the case maybe,
ensuring your financial independence at all times.
















FINANCIAL MARKET

On times of financial tsunamis and uncertainty, Aditya Puri is the just the type
of banker you can trust with your hard earned money. Even when Indian banks
were caught between the
Head winds of a global financial crisis and a slowing domestic economy, he
made sure HDFC grew steadily while maintaining margins. In the end the bank
emerged from the slowdown as the youngest company to reach a market
capitalisation of Rs 1.00,000 crore, after Bharti. In a short span of 16years,
Puri has not only created a world class bank but also brought modern banking
to the Indian middle class.

How do you manage growth profitably?
With under-penetrated financial markets and GDP growing somewhere between
7 and 9%, it is clear that demand is not the issue in India. When demand is not
the issue why should you compromise on pricing service levels or brand image?
We wanted to grow at a rate at which we could maintain the credibility of the
brand and what we stand for.

How do you feel on being the second youngest company to cross
Rs one lakh crore in market capitalisation?
I don't think about market capitalisation. But we were very clear from the day
we started the bank that in all businesses that we participate we will, over a
reasonable period of time, either be the major players or we will exit the
business. So growth has been better than what we thought because the country
did better. But we were very dear that we would be a large bank, just like we are
very clear that we will soon be an even larger bank since our growth rate, on a
larger base, has not slowed down. We do not see it slowing down for the next
five years.
Do we need consolidation in the banking industry?
The answer is yes, for multiple reasons. If the relationship of the customer is
split among five banks then it is not the most profitable for the bank itself. The
transaction cost goes up, the cost of managing the customer goes up. If you have
scale, you can also go overseas. But does a bank necessarily have to go
overseas? Is Bank of America a glob-al bank, with 95% of its business is in the
US? They have gone global to the extent that they are able to service American
corporations which have gone global and meet their needs. Do we plan to be a
major consumer bank in the United States of America? No. However, since
Indian corporates are going there, we can set up an operation to meet their
needs.



On the banking sector s responsibility for more financial inclusion:
The time available for financial inclusion is limited, so it is important that every
constituent that can have financial inclusion, come together at the same time so
that we make sure that we eliminate poverty and the major disparities in the
shortest possible time. Together we can do a much better job. If the government
also helps it in terms of ensuring that subsidies go to the right people or lending
against subsidies, you can do in five years what will normally take ten years.

Should bankers have been more prudent?
You must understand that there are two parts to a bank's balance sheet, one is
lending and the other is depositing. You call it prudence, but I say it is my
obligation to my depositors to make sure that 1 am prudent in the lending so
that the viability of the bank is always maintained and they can ; leap peacefully
at night.

Did the slowdown change your thinking in some way ?
It was a great opportunity. The globe has to re-balance but it will take ime. We
must have our strategies clear for that re-balancing and make sure we are well
positioned. We should have greater dealings with China, the fareast and the
middle east.

How can we ensure India-Bharat growth parity.'
Bharat is one of the biggest opportunities available in the globe today. You have
400 to 500 million people that are going to go up the affluence ladder.
Commodity prices have improved which will help the agree community, per
capita income is about to change, and there is largely unorganised finance there.
To me, Bharat is the biggest opportunity.

What does power mean to you?
It means nothing to me. When power starts meaning something to you, you lose
your humility.
Corporate Dossier - Economic Times Friday, 21 J an 2011 Page#:2 Size :
389.07 sq.c
Mr.Aditya Puri,
HDFC BANK
Business Leader Of The Year.


Introduction to Financial Markets


Financial System

The financial system of every economy consists of various constituents such as

1) Financial Institutions

2) Financial Companies

3) Financial Markets

4) Financial Instruments

5) Financial Services

6) Financial regulations

The financial market in India comprised of capital market and money market
whereas the financial system of the country comprised of institutions, which
operate the financial markets and the financial instruments with which the
financial system is put into operation.
Tax anomy of financial markets can be understood on functional, sectoral and
institutional basis. On a functional basis we can divide financial markets into

1) Money market (short term)
2) Capital market (long term)

The institutional classification can be made into

1) Organized financial market
2) Non-Organized financial market


What is Capital Market?
A Capital Market deals in financial assets, excluding coins and currency. The
financial assets comprise of banking accounts, pension funds, provident fund,
mutual fund, insurance policy, shares, debentures, and other securities. If the
stock exchanges are well regulated and function smoothly, then it is an
indication of healthy capital market. Stock exchange provide a good leverage of
the capital market and their
relationship is directly proportional. India has multi-stock exchange system with
24 stock exchanges functioning across the country. In our country, capital
markets are generally also known as security/stock market. The Indian capital
market currently provides excellent investment opportunities to domestic and
foreign investors in both equity and fixed income Segments.12
The Indian Capital Markets can be broadly classified into three types of
markets.
1) Money market
2) Primary market
3) Secondary market

1) Money market


The money market is part of overall financial system and securities or capital
market. It deals in short term financial assets which can be readily converted
into cash. Money market is a place for trading in money and short tern financial
assets that are as liquid as money. It provides a platform for short term surplus
funds of lenders or investors and short term requirements of borrowers, the
instruments can be traded at low cost and are highly liquid.


2) Primary market
Primary market is generally referred to the market of issues or market for new
mobilization of resources by the companies and the government undertakings,
for new projects as also for expansion, modernization, addition, and
diversification and up gradation. Primary market operations include new issues
of shares by new and existing companies, further and right issues to existing
share holders, public offers, and issue of debt instruments such as debentures,
bonds, etc. Raising money from capital market is cheap for the company and
involves a low servicing cost. The investors benefit by way of dividend and or
capital appreciation.
The following are the market intermediaries associated with the primary market
1) Merchant banker/book building lead manager
2) Registrar and transfer agent
3) Underwriter/broker to the issue
4) Advisor to the issue
5) Banker to the issue
6) Depository
7) Depository participant

Defects in Indian Primary Market
1) Aggressive pricing and over pricing.
2) Price rigging before and during issues.
3) Poor, wrong and vague disclosures in offer documents.
4) Poor information accessibility.
5) Misleading projections subject to vague assumptions.
6) Delay in penal actions against the erring market intermediaries.


2) Secondary Market
The secondary market is the market where script are traded. It is a market place,
which provides liquidity to the script issued in the primary market. Thus, the
growth of secondary market is dependent upon primary market. More the
number of companies entering the primary market, the greater is the volume at
the secondary market. Trading activities in the secondary market are done
through recognized stock 14 exchanges, which are 24 in number including Over
the Counter Exchange of India, National Stock Exchange of India, and Inter-
connected Stock Exchange of India.

Secondary market operations involves buying and selling of securities on the
stock exchange through its members. The following intermediaries are involved
in the secondary marker.
1) Broker/member of Stock Exchange- buyer broker and selling broker
2) Portfolio manager
3) Investment advisor
4) Share transfer agent
5) Depository
6) Depository participant


RISK
Whether it is driving, or just walking down the street, everyone exposes himself
to risk. It is equally true in the case of investments. Your personality and
lifestyle play a big role on how much risk you are comfortably able to take if
you invest in stocks and have no trouble sleeping at nights because of your
investments you are probably taking too much of risk. All investments are risky,
whether in stock, capital market, banking, financial sector, real estate, bullion,
gold etc.
The degree of risk however varies on the basis of the features of the
assets, investments instrument, the mode of investment, time frame or the issuer
of the security etc.

Risk can be defined as Possibility of suffering losses
The chance of something happening that will have an impact upon objectives.
It is measured in terms of consequences and likelihood.
Investopedia has defined risk as The chance that an investments actual return
will be different than expected this includes the possibility of losing some or
all of the original investments.
When considering any security, the investor is always concerned with the return
expected on the investments and the risks of the investments, i.e. how likely it is
that the return expected will be achieved.

There are two types of risks
1) Systematic Risks
2) Unsystematic Risks

1) Systematic Risks
The risks arising out of external and uncontrollable factors, arising out of the
market, nature of industry, the state of the economy and a host of other factors.
38. This risk influences a large number of assets. It is virtually impossible to
protect yourself against this type of risk. Example, Market Risk, Interest rate
risk, Purchasing power risk etc

2) Unsystematic Risk
The risk emerging out of known and controllable factors, internal to the issuer
of the securities or companies. This risk affects a very small number of assets.
Sometimes referred to as specific risks. Example Business risk, financial risk,
Insolvency risks etc.

Financial Risk
Financial risk means fear of loss of money, which is the biggest risk faced by a
broking firm. Financial risk in respect of broking firm can be of two types
firstly
loss of income i.e. brokerage secondly loss of capital

Market Risk
The risk of loss arising from adverse market rate movements e.g. foreign
exchange (transaction, translation, or economic) interest rates, commodity and
equity prices are termed as market risk. Generally this risk occurs due to
volatility in scrips, which cant be controlled.





HDFC Short Term Plan


Financial Market Reforms
and Developments

Reforms in the Capital Market

HDFC was awarded the Best Group over 3 Years# in the Overall Group
Award Category (from amongst 13 fund groups) for the 3 year period ending
December 31, 2009 at Lipper Fund Awards 2010 (India). The said award has
been given for the Sponsor Companies i.e. Housing Development Finance
Corporation Limited and Standard Life Investments Limited.

# Past Performance is no guarantee of future results.
Award Methodology and Disclaimer for the award is annexed and forms
part of the Trustee Report.

1) SCHEME PER FOR MANCE, FUTURE OUTLOO K AND OPER
ATIONS OF THE SCHEMES
SCHEME PERFORMANCE AND OPERATIONS OF THE SCHEME

HDFC Short Term Plan - An Open-ended Income Scheme
The performance of HDFC Short Term Plan Growth Option as at March 31,
2010 is presented below:



Period Returns (%) ^ Benchmark
Returns(%)#
Last 1 Year (365 days) 7.58 5.88
Last 3 Years (1097 days) 10.36 8.14
Last 5 Years (1826 days) 8.49 6.78
Since Inception@ (3171 days) 7.53 N.A.

Past performance may or may not be sustained in the future.
Above returns are compounded annualized (CAGR)
#Benchmark Index: CRISIL Short Term Bond Fund Index
@ Date of Inception/Allotment: February 28, 2002
Face Value: Rs. 10 per unit
N. A.: Not Available
The Scheme has out performed its benchmark in FY 2009-10 as it was running
a higher maturity compared to the benchmark index. The Scheme has delivered
7.53% p.a. returns since inception. The Benchmark returns since inception are
not available.
To reflect more effectively the investment objective, investment strategy and
portfolio mix of the Scheme, effective J uly 30, 2009, the Benchmark Index of
the Scheme has been changed from Crisil Liquid Fund Index to Crisil Short
Term Bond Fund Index.
The net assets of the Scheme amounted to Rs. 2,400.79 crore as at March 31,
2010 as against Rs. 1,058.21 crore as at March 31, 2009.
As at March 31, 2010, 106.41% of the net assets of the Scheme were invested in
Debt & money market instruments (including Fixed Deposits) and 6.41% in
other current assets (including Reverse Repos / CBLO).
Investment opportunities are assessed with regard to credit risk, interest rate
risk and liquidity risk. Investments in bonds and debentures are usually made in
instruments that have been assigned as high investment grade by a Credit
Rating Agency registered with SEBI. Average maturity of the Scheme does not
normally exceed 2 years.

FUTURE OUTLOOK

Equity Market Outlook
In the near term, global events are likely to take centre stage. Governments are
looking at reigning in their fiscal deficits through various austerity measures.
Savings rates, which had fallen over the years, will need to be raised. This could
dampen growth prospect in the near term. A mild slowdown will put downward
pressure on commodity prices and interest rates, which is positive from Indias
perspective. As long as things dont deteriorate significantly, the Indian
economy should do well.
On the domestic front, the level of economic activity has picked up. Inflation is
a source of concern and the government is seized of the problem and looking to
tackle it. With commodity prices easing and the base effect coming in, inflation
is likely to temper. India is projected to be among the fastest growing
economies in world where growth is becoming scarce. While the short term
may see some volatility, impacted by transitory events that are very difficult to
foresee, the longer-term outlook remains positive.
With markets trading at close to its long-term average valuations, returns are
likely to be driven more by earnings growth rather than by an expansion in
valuations. For those investors with a tolerance for volatility and a long-term
horizon, equities continue to offer superior prospects and the opportunity to
build long-term wealth.

Debt Market Outlook

The global recovery is expected to continue to be aided by the massive
monetary and fiscal support and a strong growth in Emerging Market
Economies (EME).
Inflation expectations in advanced countries remain stable, but have started
rising in several EMEs. The Indian economy is firmly on the recovery path. The
industrial sector recovery is increasingly becoming broad-based and is expected
to continue to get better on the back of rising domestic and external demand.
However, the inflationary pressures have increased in the recent period. The
headline WPI inflation in expected to fall during the year, but fears are
increasing that supply side driven inflation is getting more generalized. This
may lead RBI to continue to tighten its monetary policy.

The fiscal deficit is expected to be significantly lower than last year at 5.5% of
GDP in FY 2010-11, but the governments net borrowing (adjusted for
maturities, MSS desequestering and RBI OMO) is higher than last year.
However, since April 2010, Government has benefited from the success of the
spectrum auction, which resulted in an inflow of over Rs. 1.05 lac crores against
budget estimates of Rs 35,000 crs.

This would enable better fiscal management in the current year.
With the likely reduction in fiscal deficit, the long-term government bond yields
are expected to head lower during FY11.

HOUSING DEVELOPMENT FINANCE COR POR ATION LIMITE D
(HDFC)

HDFC was incorporated in 1977 as the first specialized Mortgage Company in
India. HDFC is a Premier Housing Finance Company in India. HDFC provides
financial assistance to individuals, corporates and developers for the purchase
or construction of residential housing. It also provides property related services
(e.g. property identification, sales services and valuation), training and
consultancy. Of these activities, housing finance remains the dominant activity.
HDFC has a client base of around 11 lac borrowers, 10 lac depositors, over
1,23,000 shareholders and 25,000 deposit agents, as at March 31, 2010. As
at March 31, 2010, HDFC has a total asset size of Rs. 1,11,763 crore and
cumulative approvals and disbursements of housing loans of Rs. 2,98,061
crore and Rs. 2,42,219 crore respectively.

3)HDFC had raised funds from international agencies such as the World Bank,
IFC (Washington), USAID, DEG, ADB and KfW, international syndicated
loans, domestic term loans from banks and insurance companies, bonds and
deposits. HDFC has received the highest rating for its deposits program for the
fifteenth year in succession.
HDFC Standard Life Insurance Company Limited, promoted by HDFC was the
first life insurance company in the private sector to be granted a Certificate
of Registration (on October 23, 2000) by the Insurance Regulatory and
Development Authority to transact life insurance business in India. For more
information log on to www.hdfc.com.





Market Crash

STANDARD LIFE INVESTMENTS LIMITED
Standard Life Investments was launched as an investment management
company in 1998. It is the dedicated investment management company of the
Standard Life group and is a wholly owned subsidiary of Standard Life
Investments (Holdings) Limited, which in turn is a wholly owned subsidiary of
Standard Life plc.
With global assets under management of approximately US$ 221.2 billion as
at March 31, 2010 Standard Life Investments Limited is one of the worlds
major investment companies, operating in the UK, Canada, Hong Kong, China,
Korea, Ireland and the USA, and is responsible for investing money on behalf
of five million retail and institutional clients worldwide.

The Standard Life Assurance Company was established in 1825 and has
considerable experience in global financial markets. The company was present
in the Indian life insurance market from 1847 to 1938 when agencies were
set up in Kolkata and Mumbai. The company re-entered the Indian market in
1995, when an agreement was signed with HDFC to launch an insurance joint
venture. On April 2006, the Board of The Standard Life Assurance Company
recommended that it should demutualise and Standard Life plc float on the
London Stock Exchange. At a Special General Meeting held in May voting
members overwhelmingly voted in favour of this. The Court of Session in
Scotland approved this in J une and Standard Life plc floated on the London
Stock Exchange on 10 J uly 2006.
In order to meet the different needs and risk profiles of its clients, Standard
Life Investments Limited manages a diverse portfolio covering all of the major
markets world-wide, which includes a range of private and public equities,
government and company bonds, property investments and various derivative
instruments. The companys current holdings in UK equities account for
approximately 1.8% of the market capitalisation of the London Stock Exchange.
For more information log on to the website www.standardlifeinvestments.com

b. HDFC MUTUAL FUND
HDFC Mutual Fund (the Fund) has been constituted as a trust in accordance
with the provisions of the Indian Trusts Act, 1882, as per the terms of the trust
deed dated J une 8, 2000 with Housing Development Finance Corporation
Limited (HDFC) and Standard Life Investments Limited as the Sponsors /
Settlors and HDFC Trustee Company Limited, as the Trustee. The Trust Deed
has been registered under the Indian Registration Act, 1908. The Trustee
has entered into an Investment Management Agreement dated J une 8, 2000
with HDFC Asset Management Company Ltd. to function as the Investment
Manager for all the Schemes of HDFC Mutual Fund. HDFC Mutual Fund was
registered with SEBI on J une 30, 2000.

c. HDFC TR USTEE COMPANY LIMITE D
HDFC Trustee Company Limited (the Trustee) is the exclusive owner of the
Trust Fund and holds the same in trust for the benefit of the Unit holders. The
Trustee has been discharging its duties and carrying out the responsibilities as
provided in the SEBI (Mutual Funds) Regulations, 1996 (the Regulations)
and the Trust Deed. The Trustee seeks to ensure that the Fund and the Schemes
floated thereunder are managed by HDFC Asset Management Company
Limited in accordance with the Trust Deed, the Regulations, directions and
guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual
Funds in India and other regulatory agencies.

Share Capital
During the year under review, HDFC Trustee Company Limited has not
issued any further shares. HDFC holds 100% of the paid-up equity share
capital of HDFC Trustee Company Limited.

Change in Composition of Board Members
During the year under review, there has been a change in the composition
of the Board of Directors of the Trustee. Mr. J ames Aird, an Associate
Director on the Board of HDFC Trustee Company Limited resigned
with effect from April 22, 2009. Further effective J une 26, 2009, Mr.
Vincent OBrien was appointed as an Associate Director on the Board
of HDFC Trustee Company Limited. As required by the Securities and
Exchange Board of India (Mutual Funds) Regulations, 1996, the Board
of Trustee comprises two-thirds of the Directors who are not associated
in any manner with the Sponsors of HDFC Mutual Fund (viz. Housing
Development Finance Corporation Limited and Standard Life Investments
Limited).

d. HDFC ASSET MANAGEMENT COMPANY LIMITE D

HDFC Asset Management Company Limited (HDFC AMC) is a public
limited company incorporated under the Companies Act, 1956 on December 10,
1999. HDFC AMC has been appointed as the Asset Management Company of
HDFC Mutual Fund by the Trustee vide Investment Management Agreement
(IMA) dated J une 8, 2000, and executed between HDFC Trustee Company
Limited and HDFC AMC. HDFC AMC was approved to act as an Asset
Management Company for HDFC Mutual Fund by SEBI vide its letter dated
J uly 3, 2000. HDFC AMC is also registered with SEBI as a Portfolio Manager.

Change in Composition of AMC Board Members
During the year under review, there has been a change in the composition
of the Board of HDFC AMC. Mr. J ames Aird was appointed on the Board
of HDFC Asset Management Company Limited as an Associate Director
with effect from April 23, 2009. As required under the provisions of the
Securities and Exchange Board of India (Mutual Funds) Regulations,
1996, 50% of the Directors on the Board of HDFC AMC are independent
Directors who are not an associate of, or associated in any manner with
the sponsor or any of its subsidiaries or the Trustee Company.

Shareholding Pattern
During the year under review, there has been no change in the equity
shareholding pattern of HDFC AMC.
The equity shareholding pattern as at March 31, 2010 of HDFC AMC is as
follows:

Name of the Equity Shareholders % of the paid up
equity capital
Shareholding Pattern
Housing Development Finance Corporation
Limited (HDFC)
60 Standard Life Investments Limited (SLI) 40









NDTV Profit Business Leadership Awards 2009

HDFC Asset Management Company Limited was awarded NDTV

Profit Business Leadership Award 2009#on October 26, 2009 in the
Mutual Funds Category for the period April 1, 2008 to March 31, 2009 from
amongst six nominees in the category. NDTV Profit Business Leadership
Awards have been instituted to honour organization excellence and
promise to acknowledge the best, the brightest and the most dynamic
of Indian organizations that have emerged as leaders in their respective
verticals and are leading India in her journey towards being an economic
superpower.

# Past performance is no guarantee of future results.
Award Methodology is annexed and forms part of the Trustee
Report.

3. INVESTMENT OBJECTIVE OF THE SCHEME
Name of the Scheme Investment Objective
HDFC Short Term Plan To generate regular income through investment in
debt securities and money market instruments.

4. SIGNIFICANT ACCOUNTING POLICIES:
The Significant Accounting Policies form part of the Notes to the Accounts
annexed to the Balance Sheet of the Schemes. The Accounting Policies are in
accordance with Securities Exchange Board of India (Mutual Funds)
Regulations, 1996.

5. UNCLAIMED DIVIDENDS & RE DEMPTIONS
Summary of No. of Investors & Corresponding amount as at March 31, 2010:
Name of the Scheme
Unclaimed Dividends Unclaimed Redemptions
Amount (Rs.) No. of Investors
Amount (Rs.) No. of Investors
HDFC Short Term Plan

6. DETAILS OF INVESTOR COMPLAINTS
The Statement on Status of Redressal of Complaints received against HDFC
Mutual Fund during the financial year 2009-10 is annexed and forms part of the
Trustee Report.

7. STATUTOR Y INFOR MATION
a. Housing Development Finance Corporation Limited and Standard Life
Investments Limited (the Sponsors) are not responsible or liable for any loss
resulting from the operation of the Schemes of the Fund beyond their initial
contribution of Rs.1,00,000 each for setting up the Fund, and such other
accretions / additions to the same.

b. The price and redemption value of the units, and income from them, can
go up as well as down with fluctuations in the market value of its underlying
investments.

c. Full Annual Report shall be disclosed on the website (www.hdfcfund.com)
and shall be available for inspection at the Head Office of HDFC Mutual Fund.
Present and prospective Unit holder can obtain copy of the trust deed, the full
Annual Report of the Fund / AMC at a price.

Debt Market Outlook
The global recovery is expected to continue to be aided by the massive
monetary and fiscal support and a strong growth in Emerging Market
Economies (EME). Inflation expectations in advanced countries remain stable,
but have started rising in several EMEs.
The Indian economy is firmly on the recovery path. The industrial sector
recovery is increasingly becoming broad-based and is expected to continue to
get better on the back of rising domestic and external demand. However, the
inflationary pressures have increased in the recent period. The headline WPI
inflation in expected to fall during the year, but fears are increasing that supply
side driven inflation is getting more generalized. This may lead RBI to continue
to tighten its monetary policy.

The fiscal deficit is expected to be significantly lower than last year at 5.5% of
GDP in FY 2010-11, but the governments net borrowing (adjusted for
maturities, MSS desequestering and RBI OMO) is higher than last year.
However, since April 2010, Government has benefited from the success of the
spectrum auction, which resulted in an inflow of over Rs. 1.05 lac crores against
budget estimates of Rs 35,000 crs.
This would enable better fiscal management in the current year.
With the likely reduction in fiscal deficit, the long-term government bond yields
are expected to head lower during FY11







HDFC MUTUAL FUND HDFC SHORT TERM PLAN

We have audited the attached Balance Sheet of HDFC Mutual Fund HDFC
Short Term Plan (the Scheme) as at March 31, 2010 and the related Revenue
Account for the year ended on that date annexed thereto. These financial
statements are the responsibility of the Managements of the Trustee and the
Asset Management companies. Our responsibility is to express an opinion on
the financial statements. We report as follows:

a)Our audit was conducted in accordance with generally accepted auditing
standards in India. Those Standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free of
material misstatements. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by the Management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.

b) We have obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purposes of our audit.

c) The Balance Sheet and the Revenue Account dealt with by this report are in
agreement with the books of account of the Scheme.

d) The Balance Sheet and the Revenue Account dealt with by this report have
been prepared in accordance with accounting policies and standards as specified
in the Ninth Schedule of the Securities and Exchange Board of India (Mutual
Funds) Regulations, 1996.

e) Non - traded securities have been valued in accordance with the guidelines
notified by the Securities and Exchange Board of India. In our opinion, these
valuations are fair and reasonable.

f) Without qualifying our opinion we draw attention to note no. 2.2 in Schedule
8 of the financial statements wherein the Management of the HDFC Asset
Management Company Limited has explained its rationale for regarding
Accounting Standards issued by the Institute of Chartered Accountants of India
as not being applicable to mutual funds.

g) In our opinion and to the best of our information and according to the
explanations given to us, the said accounts give the information required by the
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and
give a true and fair view:

i. in the case of the Balance Sheet of the state of affairs of the Scheme as at
March 31, 2010 and

ii. in the case of the Revenue Account, of the surplus of the Scheme for the year
ended on that date. For DELOITTE HASKINS & SELLS
Chartered Accountants
(Registration No. 117366W)
Sanjiv V. Pilgaonkar
Partner
Membership No. 39826




Risk Factors: All mutual funds and securities investments are
subject to market risks and there can be no assurance that the
Schemes objectives will be achieved and the NAV of the Schemes
may go up or down depending upon the factors and
forces affecting the securities market.
Past performance of the Sponsors and their affiliates / AMC / Mutual Fund and
its Scheme(s) do not indicate the future performance of the Scheme of the
Mutual Fund. There is no assurance or guarantee to unit holders as
to the rate of dividend distribution nor that dividends will be paid regularly.
Investors in the Schemes are not being offered any guaranteed / assured returns.
The NAV of the units issued under the Schemes may be affected, inter-alia by
changes in the interest rates, trading volumes, settlement periods, transfer
procedures and performance of individual securities. The NAV will inter-alia be
exposed to Price / Interest Rate Risk and Credit Risk.
HDFC Short Term Plan, an open-ended income scheme, is only the name of
the Scheme and does not in any manner indicate either the quality of the
Scheme, its future prospects and returns. Please read the Scheme
Information Document and Statement of Additional Information before
investing. Investment Objective:

To generate regular income through investment in debt securities and money
market instruments. In view of the individual nature of tax consequences, each
investor is advised to consult his/her professional tax advisor. Statutory


Details: HDFC Mutual Fund has been set up as a trust sponsored by Housing
Development Finance Corporation Limited and Standard Life Investments
Limited (liability restricted to their contribution of Rs. 1 lakh each to the
corpus) with HDFC Trustee Company Limited as the Trustee (Trustee
under the Indian Trusts Act, 1882) and with HDFC Asset Management
Company Limited as the Investment Manager.

Make Money


MEMETH

Buy t his fil e from http: //www.downl oad-it.org/l earning-
resources.php?promoCode=&partnerID=&content=story&st oryID=497
Bibliography

Google search engine
www.HDFC LIFE.com
IRDA website
Money control.com
Insurance council of india
Product litratures
ECONOMIC TIMES news paper
Personal case studies





CASE=1

(Information given by a person is Strictly Confidential)

Name :______________________________________________________________

Marital Status:________________ Gender: 1.Male 2.Female

Date Of Birth :________________ Age:_________

Address :____________________________________________________________

_____________________________________________________________

Spouse Details: Name___________________________________
Date Of Birth: Age:

Contact Details:Mobile_______________ Telephone(R)_________________
Telephone(O)_____________

Email Address:


Occupation :_________________ Number of dependents in Family :_____

Children : Son:1)Name___________________ Daughter:1) Name:______________________
Age:____ Age:____

2)Name___________________ 2)Name:______________________
Age:____ Age:____

Financial Information:
Monthly Income :___________ Monthly Expences:______________
Yearly Income :_____________ Yearly Expences :______________

Savings & Investments
Fixed Deposits(in Rupees):_____________ Rate Of Return(%):______
Policies :
Total Sum Assured___________
Total Yearly Premium_______________ Rate of Return(%):_____

Mutual Fund Investments_____________ Rate of Return(%)_____

Planning Children's Future:_____________

Planning to Protecting you & your dependents lifestyle:_____________

Planning for a Happy & Secure Retirement:_____________

Planning for Creation of Wealth:_____________________
Capital Available for short term purchases___________________________
Liquidity for Emergency Expences __________________







Agreed Budget



We have agreed that the following budget is realistic & affordable



Goal

Frequency You Spouse
Protecting Lifestyles

Happy &Secure
Retirement


Children's Future

Creating Short Term
Wealth


Creating Medium/Long
Term Wealth


Other

BUDGET TOTALS




















CASE=2

(Information given by a person is Strictly Confidential)

Name :______________________________________________________________

Marital Status:________________ Gender: 1.Male 2.Female

Date Of Birth :________________ Age:_________

Address :____________________________________________________________

_____________________________________________________________

Spouse Details: Name___________________________________
Date Of Birth: Age:

Contact Details:Mobile_______________ Telephone(R)_________________
Telephone(O)_____________

Email Address:


Occupation :_________________ Number of dependents in Family :_____

Children : Son:1)Name___________________ Daughter:1) Name:______________________
Age:____ Age:____

2)Name___________________ 2)Name:______________________
Age:____ Age:____

Financial Information:
Monthly Income :___________ Monthly Expences:______________
Yearly Income :_____________ Yearly Expences :______________

Savings & Investments
Fixed Deposits(in Rupees):_____________ Rate Of Return(%):______
Policies :
Total Sum Assured___________
Total Yearly Premium_______________ Rate of Return(%):_____

Mutual Fund Investments_____________ Rate of Return(%)_____

Planning Children's Future:_____________

Planning to Protecting you & your dependents lifestyle:_____________

Planning for a Happy & Secure Retirement:_____________

Planning for Creation of Wealth:_____________________
Capital Available for short term purchases___________________________
Liquidity for Emergency Expences __________________







Agreed Budget



We have agreed that the following budget is realistic & affordable



Goal

Frequency You Spouse
Protecting Lifestyles

Happy &Secure
Retirement


Children's Future

Creating Short Term
Wealth


Creating Medium/Long
Term Wealth


Other

BUDGET TOTALS




















CASE=3

(Information given by a person is Strictly Confidential)

Name :______________________________________________________________

Marital Status:________________ Gender: 1.Male 2.Female

Date Of Birth :________________ Age:_________

Address :____________________________________________________________

_____________________________________________________________

Spouse Details: Name___________________________________
Date Of Birth: Age:

Contact Details:Mobile_______________ Telephone(R)_________________
Telephone(O)_____________

Email Address:


Occupation :_________________ Number of dependents in Family :_____

Children : Son:1)Name___________________ Daughter:1) Name:______________________
Age:____ Age:____

2)Name___________________ 2)Name:______________________
Age:____ Age:____

Financial Information:
Monthly Income :___________ Monthly Expences:______________
Yearly Income :_____________ Yearly Expences :______________

Savings & Investments
Fixed Deposits(in Rupees):_____________ Rate Of Return(%):______
Policies :
Total Sum Assured___________
Total Yearly Premium_______________ Rate of Return(%):_____

Mutual Fund Investments_____________ Rate of Return(%)_____

Planning Children's Future:_____________

Planning to Protecting you & your dependents lifestyle:_____________

Planning for a Happy & Secure Retirement:_____________

Planning for Creation of Wealth:_____________________
Capital Available for short term purchases___________________________
Liquidity for Emergency Expences __________________







Agreed Budget



We have agreed that the following budget is realistic & affordable



Goal

Frequency You Spouse
Protecting Lifestyles

Happy &Secure
Retirement


Children's Future

Creating Short Term
Wealth


Creating Medium/Long
Term Wealth


Other

BUDGET TOTALS




















CASE=4

(Information given by a person is Strictly Confidential)

Name :______________________________________________________________

Marital Status:________________ Gender: 1.Male 2.Female

Date Of Birth :________________ Age:_________

Address :____________________________________________________________

_____________________________________________________________

Spouse Details: Name___________________________________
Date Of Birth: Age:

Contact Details:Mobile_______________ Telephone(R)_________________
Telephone(O)_____________

Email Address:


Occupation :_________________ Number of dependents in Family :_____

Children : Son:1)Name___________________ Daughter:1) Name:______________________
Age:____ Age:____

2)Name___________________ 2)Name:______________________
Age:____ Age:____

Financial Information:
Monthly Income :___________ Monthly Expences:______________
Yearly Income :_____________ Yearly Expences :______________

Savings & Investments
Fixed Deposits(in Rupees):_____________ Rate Of Return(%):______
Policies :
Total Sum Assured___________
Total Yearly Premium_______________ Rate of Return(%):_____

Mutual Fund Investments_____________ Rate of Return(%)_____

Planning Children's Future:_____________

Planning to Protecting you & your dependents lifestyle:_____________

Planning for a Happy & Secure Retirement:_____________

Planning for Creation of Wealth:_____________________
Capital Available for short term purchases___________________________
Liquidity for Emergency Expences __________________







Agreed Budget



We have agreed that the following budget is realistic & affordable



Goal

Frequency You Spouse
Protecting Lifestyles

Happy &Secure
Retirement


Children's Future

Creating Short Term
Wealth


Creating Medium/Long
Term Wealth


Other

BUDGET TOTALS

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