Debt Mutual Fund Strategy

10 Confidential/Restricted 5.00% 4.6% 4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00% -3.00% -4.00% -5.00% While most EMS currencies weakened.... Equity markets rose tracking similar movement in the developed markets Trend in currencies of Emerging markets in Oct'22 15.00% 11.87% 10.00% 5.00% 0.00% -5.00% -10.00% Mexico- MEXBOL Index Brazil-IBOV Index Brazil 5.45% Mexico 1.7% Turkey Thailand Taiwan Classification - Restricted -0.5% -0.9% -1.4% -1.7% -2.4% -2.6% -3.9% Trend in equity markets of Emerging Countries: India- NIFTY 50 5.37% Indonesia - JCI Index 0.83% India Indonesia China Source: Bloomberg, Negative return indicates depreciation agains USD -3.54% -7.78% Taiwan-TWSE Index China-SHSZ300 Index HDFC BANK RESEARCH Classification - Restricted HDFC BANK We understand your world Source: Bloomberg Vietnam

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