here to view CSR Policy
HDFC Asset Management Company Limited (AMC) is a subsidiary of HDFC Ltd. Being a
part of the HDFC group, corporate social responsibility (CSR) is an important part
of AMC’s culture and value systems. AMC had set up a separate Corporate Social Responsibility
Fund with the object of participating and supporting projects undertaken by Non-Governmental
organizations (NGOs), community groups and others; for social/ philanthropic causes,
investor centric initiatives, well before the CSR provisions / rules were effective
under the Companies Act, 2013 (Act).
As an Investment Manager to HDFC Mutual Fund, one of our unique initiative for CSR
was launching series of Cancer Cure Funds partnering with Indian Cancer Society
(ICS) to provide financial assistance to the needy cancer patients for their treatment
by tapping those investors who would be willing to donate part of the dividend or
entire dividend declared, if any, under the scheme for this purpose.
To be a dominant player in the Indian mutual fund space recognized for its high
levels of ethical and professional conduct and a commitment towards enhancing investor
interests. Our CSR initiatives will be aligned with the same principles to serve
a social purpose, sustainable development of the society and the environment in
which it operates.
ANNEXURE A (AS MENTIONED IN THE CSR POLICY)
INDIAN CANCER CURE FUND (ICCF) PROJECT
Indian Cancer Cure Fund Project is an initiative of Indian Cancer Society (ICS)
for funding the treatment costs of needy cancer patients/survivors. HDFC AMC has
agreed to partner with Indian Cancer Society for this Project as part of its CSR
initiative. HDFC AMC’s partnering involves direct contribution to ICS and also contribution
of dividend received from the investment made in HDFC Cancer Cure Fund (2014).
As an philanthropic initiative, HDFC AMC as an Investment Manager of HDFC Mutual
Fund, had launched HDFC Cancer Cure Fund (2011) and upon maturity of the same, launched
another HDFC Cancer Cure Fund 2014 (Scheme), a 3 year closed-ended Capital Protection
Oriented Income Scheme, where the dividend received by the Investors from the Schemes
is donated to Indian Cancer Society (ISC) on behalf of the Investors to Indian Cancer
Cure Fund Project. Click here to read a review note on the fund
Indian Cancer Cure Fund Project falls under sub-clause (i) of Schedule VII - Promotion
of health care. HDFC AMC has agreed to contribute Rs. 5,00,00,000/- per annum for
3 years effective FY 2014-2015. In addition, dividend received under the Scheme
for the investment made by HDFC AMC till the maturity of the Scheme i.e. 3 years
effective FY 2014-2015.
CONSTRUCTION PROJECT OF SUPER SPECIALTY CHILDREN’S HOSPITAL -“SRCC CHILDREN’S HOSPITAL”
Society for Rehabilitation of Crippled Children’s Hospital (SRCC) is a not for profit
organization with the objective of making a difference to child healthcare in India.
SRCC and Narayana Hrudayalaya have joined hands to build a world class Multi Specialty
Children’s Hospital in Mumbai which will have 10% beds free for treatment of children
from poor family and 60% beds at subsidized rates for treatment of children from
under privileged and middle class families.
HDFC AMC has partnered with SRCC under its CSR initiatives to enable SRCC to build
and set up a super-specialty children’s hospital to be called “SRCC Children’s Hospital.”
The Hospital will be constructed with contributions received from various corporates
including HDFC AMC.
HDFC AMC has agreed to donate an amount of Rs. 2.50 crore for 2 years for meeting
a part of construction cost of Phase I of the hospital. The payment made by the
AMC is covered under sub-clause (i) of Schedule VII - Promotion of health care.
OLYMPIC GOLD QUEST (OGQ) JUNIOR SCHOLARSHIP PROGRAM
Olympic Gold Quest (OGQ), Foundation for Promotion of Games and Sports has an objective
to bridge the gap between the best athletes in India and the best athletes in the
world thus helping Indian athletes to win Olympic Gold medals. OGQ aims to create
a level playing field for Indian athletes to enable them to be competitive at the
highest level of sport.
The AMC has agreed to partner with OGQ by participating in the school scholarship
program launched by Foundation for Promotion of Sports and Games under Olympic Gold
Quest (OGQ) for selecting 50 athletes to be trained for Olympics 2016. OGQ has an
aim that 10 athletes supported by it should win medals for India at the Rio 2016
Olympics. Olympic Gold Quest (OGQ) Junior Scholarship Program falls under the purview
of sub-clause (vii) of Schedule VII - Training for Olympic sports.
An amount of Rs. 50 lakh contributed to OGQ is being utilized for providing best
trainers to the selected athletes under the scholarship program, meeting expenses
for purchasing sport related accessories, participation in tournaments and also
monthly stipend for nutrition, training and other training requirements.
BOMBAY SCOTTISH ORPHANAGE SOCIETY SCHOOL, POWAI, MUMBAI - SETTING /UPGRADING LABORATORIES
Bombay Scottish Orphanage Society is a Trust which constantly endeavours to promote
education, expand its educational horizons and provide a platform of excellence
to its students to enable them to make their mark in the fields selected by them.
It aims in providing world class education to children from all strata of society.
HDFC AMC has made a contribution of Rs. 25 lakh to Bombay Scottish Orphanage Society
for setting up/upgrading laboratories at their School in Powai, Mumbai. The contribution
made falls under sub-clause (ii) of Schedule VII - Promotion of education.
RAY OF LIGHT FOUNDATION PROGRAM
Ray of Light Foundation, a charitable organisation based out of Chennai dedicated
in providing services and financial assistance to cancer affected poor children
and children from the lower socio economical group. In order to give these cancer
affected children the best chance of survival, the Foundation has joined hands with
Kanchi KamaKoti CHILDS Trust Hospital (KKCTH) which provides treatment to the cancer
affected children in their hospital. The Foundation has aided 83 children with their
medical treatment and has many more children who re quire urgent medical assistances.
HDFC AMC has partnered with Ray of Light foundation for providing medical assistance
to 4 cancer affected children as they are in urgent need of medical treatment. The
contribution of Rs. 20 lakh made by the AMC is covered under sub-clause (i) of Schedule
VII - Promotion of health care.