MARKET REVIEW. Mr. Saravana Kumar Chief Investment Officer DEBT. Market Review

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1 NJ O AV N EU M AB RE YR

2 MARKET REVIEW Benchmark Index BSE Realty BSE Metal BSE Cons Durables BSE SmallCap BSE Healthcare BSE BSE Mid Cap BSE IT Sector BSE Cap Goods BSE FMCG Sector BSE 500 BSE 200 BSE 100 BSE CNX NIFTY BSE Oil & Gas BSE Sensex BANKEX Mr. Saravana Kumar Chief Investment Officer DEBT Market Review This December 2017 month was quite eventful due to a number of events related to domestic and Global markets. It started with the Bi monthly Monetary Policy where RBI as expected kept rates unchanged and stated that inflation is expected to rise from its current level and estimated its second half of FY 2018 inflation range at 4.3% 4.6%. RBI's Monetary Policy Committee (MPC) further highlighted factors that would continue to push inflation higher. RBI foresee risk of possible slippages by states due to farm loan waivers announced by most of the states. It also predicted increased possibility of Central government breaching Fiscal Deficit target and was proved right by end of December 2017, when Government of India announced additional borrowing amount 50,000 crores via Long term dated securities and additional 23,000 crores (net) via TBills borrowing for the financial year. RBI also highlighted risks emanating due to significant rise in Global commodity prices and Policy normalization by central banks of Global Developed economies. Though policy did not provide any data on future course of action, RBI reiterated its commitment to 4% durable retail inflation target. Latest Price* 2,608 14,939 22,689 19,231 14,799 26,751 17,822 11,278 19,134 10,695 15,003 4,679 11,030 2,382 10,531 16,283 34,057 28,857 1 Month Return 7.80% 6.30% 5.80% 5.60% 5.20% 5.10% 4.80% 4.20% 3.20% 3.20% 2.60% 2.30% 1.80% 1.80% 1.60% 1.40% 1.40% 1.10% 3 Months Return 29.30% 11.60% 30.90% 20.60% 10.40% 12.00% 16.40% 13.10% 12.30% 8.70% 10.70% 9.70% 8.80% 8.80% 7.80% 11.00% 8.90% 6.90% 6 Months Return 27.00% 31.30% 44.60% 25.60% 5.80% 13.90% 22.50% 15.30% 12.10% 4.90% 14.30% 13.20% 12.20% 7.60% 10.80% 23.20% 10.40% 9.80% * Closing Price as on 29/12/2017 and above returns are absolute returns. Index for Industrial Production (IIP) growth in October slowed to 2.2% compared to upwardly revised growth of 4.1% in September. CPI inflation accelerated to 4.88% in November17 from 3.58% in October17. November WPI inflation inched up to 3.93% compared to 3.59% in October. GDP growth for Q2FY18 came at 6.3% as compared to 5.71% in Q1FY18. Sectorwise indices For month of December17, Realty and Metal indices outperformed and returned 7.8% and 6.3% respectively. Banking Sector indices underperformed the market during the month returning 1.1%. Capital flows: FIIs were net sellers in the equity to the tune of 6,743 crores (USD 1.04 billion) in December Cumulative, FIIs bought equity worth 49,289 crores (USD 7.45 billion) in last twelve months i.e. from January17 to December17 and DII bought equity worth 1,08,134 crores (USD 16.7 billion) for the same period. (As of 29th December 2017, Source: SEBI) (December 2017 Avg. 1 USD = INR 64.26) CPI Inflation data rose to a 15 month high of 4.88% year on year (YoY) mainly on account of food inflation rising from 4.4% from 2.3% in previous month. Within food inflation, vegetable inflation played a spoilsport rising 22.5% in November compared to 7.5% in the previous month. Index for Industrial Production (IIP) also weakened to 2.2% YOY in October 2017 from 4.1% in September US's FED hiked for the 3rd time to benchmark rate between 1.25%1.5%. All major projections remain almost unchanged except for 2018 growth which FED expected to increase to2.5% from 2.1% but the long run median forecast for GDP remain unchanged at 1.8%. Overall it was a dovish rate hike cycle. Liquidity which was in abundance for the past 1 year, dried out around middecember 2017 on account of Advance Tax outflows, US Fed policy and a couple of Buybacks by IT majors. As a result spreads widened both in the short term and medium term. It continued till the end of quarter. Outlook December '17 was an action pack month. The Indian economy bounced back after five straight quarters of decline in growth, suggesting that the impact of twin shocks demonetization and the Goods and Services Tax has started to fade, albeit slowly. As stated earlier, the economy grew at 6.1% in gross value added (GVA) terms in the 2nd quarter ended September compared to 5.6% in the 1st quarter. Outlook We also saw lot of political actions wherein the BJP claimed victory in the two state elections, Gujarat and Himachal Pradesh. The outcome of the Gujarat state elections, where the ruling BJP won but did not do as well as they may have hoped for, has sharpened the focus on the rural economy. The BJP lost significant ground in the farmdominated Saurashtra region, suggesting that the agrarian economy is discontent. Based on this outcome, we presume that the government may push farmfocused polices in the lead up to the general elections in Our Fund House view is that fiscal should be a worry till next 18 months due to the number of state elections and Union Government election in Many of states have already announced Farm Loan waivers and going by the trend, it is likely that all the states going for election in the coming year would continue with farm loan waivers. Central Government continues to be in a tight spot due to lower than expected GDP data and will increase spending in absence of considerable private sector participation to push growth and bring GDP to respectable levels before the 2019 elections. We also feel that 2018 will be difficult with respect to Global headwinds as most of the developed markets are focusing on policy normalization and pushing up inflation. Domestic inflation should peak out in next 6 months after the full impact of HRA allowances and GST disruption would be factored. Next up, the Union Budget, expected in February, will take center stage. There will be high investor expectations from the national government to spur economic growth, raise infrastructure spending and reduce the corporate tax rate. The pickup in WPI inflation was largely led by higher food inflation as witnessed in the CPI data. Untimely rains due to the cyclone Ockhi have further increased the upside risk to food inflation. We expect CPI to inch up towards 5% and WPI towards 3.9% by March With inflation trending up directionally and government anticipating revenue shortfall have increased the probability of a monetary tightening in This is already reflecting in bond markets with the 10 yr Gsec now cruising above 7% from 6.5% just a few months ago. Equity markets will take note with banks' results. EQUITY Market Review In the month of December 2017, the market witnessed a relief rally as the BJP narrowly won the state elections in Gujarat and handsomely won in Himachal Pradesh. Global markets were also buoyant as the US Congress approved the longawaited tax code reform. However, Indian investors turned cautious due to macroeconomic concerns such as rising crude prices, rising inflation, increase in borrowing limit announced by the government thereby threating its fiscal targets. Still, Sensex posted decent 1.4% return in December 17. The New Year is likely to bring clarity on macro fundamentals of the economy. India's GDP growth, corporate earnings and corporate earningstogdp ratio have likely bottomed out in the last quarter. Fiscal commitment, inflation trajectory, growth recovery pace, investment revival and continuation of financial liquidity will matter a lot to markets to drive it forward. 2

3 RISKOMETER LIC MF Fund Riskometer Long term capital growth Investment in equity and equity related securities Risk Moderately High Long term capital growth Investment in equity and equity related securities Risk Moderately High y tel Moderate era w d Mo Lo Mo de Hig rate h ly High LIC MF Equity Fund The Product Is Suitable For Investors Who Are Seeking * Low Name Of The LOW HIGH Investors understand that their principal will be at moderately high risk Long term capital growth Investment in equity and equity related instruments of companies directly or indirectly engaged in infrastructure sector Risk High LIC MF Tax Plan Long term capital growth Investment in equity and equity related securities Risk Moderately High LIC MF Index Sensex Plan Long term capital growth Investment in equity instrument of respective index stocks subject to tracking errors. Risk Moderately High LIC MF IndexNifty Plan Long term capital growth Investment in equity instrument of respective index stocks subject to tracking errors. Risk Moderately High LIC MF Exchange Traded Fund Nifty 50 Long term investment Investment in securities covered by NIFTY 50 Index, subject to tracking errors. Risk Moderately High Long term investment. Investment in securities covered by S&P BSE SENSEX, subject to tracking errors. Risk Moderately High LIC MF Exchange Traded Fund Nifty 100 Long term investment Investment in securities covered by NIFTY 100 Index, subject to tracking errors. Risk Moderately High LIC MF GSec Long Term Exchange Traded Fund Medium to long term regular income Investment in securities in line with Nifty 813 yr GSec Index to generate comparable returns subject to tracking errors. Risk Moderate LOW HIGH Investors understand that their principal will be at high risk M y tel Moderate oder era w Hig ate d h ly Mo Lo LOW HIGH Investors understand that their principal will be at moderately high risk y el rat de w Mo Lo LOW Moderate Mod Higerate h ly High LIC MF Exchange Traded Fund Sensex Low LIC MF Infrastructure Fund M y tel Moderate oder Hig ate era w d h ly Mo Lo Low Capital appreciation over long term Investment predominantly in a portfolio of equity & equity related securities of companies engaged in banking and financial services. Risk High Low LIC MF Banking and Financial Services Fund High Long term capital growth Investment in predominantly equity and equity related securities of midcap companies. Risk High High LIC MF Midcap Fund HIGH Investors understand that their principal will be at moderate risk 3

4 RISKOMETER LIC MF Balanced Fund Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High. M ely Moderate ode rat e Hig rate d w h ly Mo Lo LOW HIGH Investors understand that their principal will be at moderately high risk Long term capital appreciation and current income Investment in sovereign securities issued by Central State Government Risk Moderate y el rat de w Mo Lo Moderate Mod Higerate h ly High Low LIC MF Government Securities Fund Riskometer High LIC MF Unit Linked Insurance The Product Is Suitable For Investors Who Are Seeking * Low Name Of The LOW HIGH Investors understand that their principal will be at moderate risk Regular income for short term Investment in debt and money market instruments as well as equity and equity related instruments Risk Moderately High M y tel Moderate oder era w Hig ate d h ly Mo Lo High Low LIC MF Monthly Income Plan LOW HIGH Investors understand that their principal will be at moderately high risk Regular income for long term Investment in debt / money market instruments / Govt. securities Risk Moderate ely rat de ow o M L Moderate Mod Higerate h ly High Low LIC MF Bond Fund LOW HIGH Investors understand that their principal will be at moderate risk Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High M ely Moderate ode rat e Hig rate d w h ly Mo Lo High Low LIC MF Children s Gift Fund LOW HIGH Investors understand that their principal will be at moderately high risk LIC MF Savings Plus Fund Regular Income for short term Investment in debt / money market instruments Risk Moderately Low Moderate Mo d Higerate h ly LOW HIGH Investors understand that their principal will be at moderately low risk Regular income for short term Investment in debt / money market instruments Risk Low ely rat de ow o M L LOW Moderate Mod Higerate h ly High Low LIC MF Liquid Fund ely rat de w Mo Lo Low Regular income for short term Investment in debt / money market instruments / Govt. securities Risk Moderately Low High LIC MF Income Plus Fund HIGH Investors understand that their principal will be at low risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 4

5 Type: An OpenEnded Equity An open ended pure scheme seeking to provide capital growth by investing mainly in equity Date of Allotment: September 01, 1994 portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there instruments and also in debt and other permitted instruments of capital and money markets. The investment AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: S&P BSE Sensex Minimum Investment: 5,000/ is no assurance that the investment objective of the will be realised. % of V 14.40% % of V Gas 2.43% Petronet LNG Ltd 2.43% Maruti Suzuki India Ltd 9.65% Industrial Capital Goods 2.83% Ashok Leyland Ltd 2.69% Bharat Electronics Ltd 2.83% Bajaj Ltd 2.06% 2.15% Ancillaries 4.62% Cummins India Ltd 2.15% Motherson Sumi Systems Ltd 4.62% Non 1.47% 25.78% Hindalco Industries Ltd 1.47% HDFC Bank Ltd 8.65% Pesticides 2.07% ICICI Bank Ltd 7.24% UPL Ltd 2.07% Kotak Mahindra Bank Ltd 5.37% 3.24% V AS ON DECEMBER 29, 2017: V Regular Plan Direct Plan Dividend % Indian Oil Corporation Ltd 3.24% IndusInd Bank Ltd 1.91% 7.43% 4.07% Aurobindo Pharma Ltd 3.08% Shree s Ltd 2.29% Dr. Reddy's Laboratories Ltd 2.39% EXPENSE RATIO Regular: 2.86% UltraTech Ltd 1.78% Piramal Enterprises Ltd 1.96% 4.02% 1.50% Larsen & Toubro Ltd 4.02% Infosys Ltd 1.50% 5.90% Telecom Services 2.03% Britannia Industries Ltd 3.92% Bharti Airtel Ltd 2.03% Godrej Consumer Products Ltd 1.98% 3.10% Hindustan Unilever Ltd 0.00% InterGlobe Aviation Ltd 3.10% 6.72% Total 93.75% Housing Development Co Ltd 4.76% Bajaj Finserv Ltd 1.96% FUND MAGER: Name: Mr. Sachin Relekar;Experience: 12 years Direct: 1.60% ANNUAL PORTFOLIO TURNOVER RATIO: 0.48 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta ASSET ALLOCATION (% of V) Value of lumpsum investment of 10,000/ invested on inception date 93.75% Cash & Other Receivables 6.25% SECTOR ALLOCATION (% of V) Ancillaries Industrial Capital Goods Gas Pesticides Telecom Services Non 25.78% 6.25% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* 26.77% 27.91% 12, , Nifty 50** 12, % 7.40% 12, , , % 11.89% 18, , , % 9.14% 25, , , % Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March, 2015 and total no. of schemes managed by him is 12. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns.* Benchmark, ** Additional Benchmark % 7.43% 6.72% 5.90% 4.62% 4.07% 4.02% 3.24% 3.10% 2.83% 2.43% 2.15% 2.07% 2.03% 1.50% 1.47% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on December 29, 2017 ( ) 1,31,539 4,29,685 8,46,407 22,56,138 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 5

6 Type: An OpenEnded Equity The main investment objective of the scheme is to provide capital growth by investing mainly in equities. The Date of Allotment: April 15, 1993 However, there is no assurance that the investment objective of the will be realised. investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. % of V Minimum Investment: 5,000/FUND MAGER: Name: Mr. Ramnath Venkateswaran Experience: 12 years % of V 5.74% 2.22% 4.77% Tata Motors Ltd DVR Shares 3.97% Supreme Industries Ltd 1.94% Hero MotoCorp Ltd 0.80% AIA Engineering Ltd 1.58% Ancillaries Endurance Technologies Ltd 1.30% Pesticides PI Industries Ltd 1.90% Indian Oil Corporation Ltd 1.19% 1.30% 25.62% ICICI Bank Ltd Benchmark: S&P BSE Sensex Bharat Forge Ltd 5.63% Punjab National Bank 5.54% 5.04% Bank of India 3.06% Bank of Baroda 1.42% Vijaya Bank 1.29% HDFC Bank Ltd 1.28% 1.90% 1.19% 11.37% Sun Pharmaceutical Industries Ltd 4.28% Aurobindo Pharma Ltd 1.90% IPCA Laboratories Ltd 1.65% Divi's Laboratories Ltd 1.57% Cadila Healthcare Ltd 1.03% Sanofi India Ltd 0.95% Axis Bank Ltd 1.19% V AS ON DECEMBER 29, 2017: Canara Bank 1.18% V Dividend Chemicals Tata Chemicals Ltd 4.06% Navin Fluorine International Ltd 1.70% Prestige Estates Projects Ltd 3.68% Tech Mahindra Ltd 2.12% Infosys Ltd 2.82% KNR s Ltd 1.56% Wipro Ltd 2.14% Larsen & Toubro Ltd 3.71% KPIT Technologies Ltd 1.92% 3.71% 4.80% 2.08% 0.42 times Consumer Durables Bajaj Electricals Ltd Telecom Services Bharti Airtel Ltd 2.08% 0.61% 1.48% Container Corporation of India Ltd RISK MEASURES: Dabur India Ltd 1.48% Total Tata Steel Ltd 2.63% Regular Plan Direct Plan Regular: 2.52%; Direct: 1.66% ANNUAL PORTFOLIO TURNOVER RATIO: Standard Deviation Sharpe Ratio Portfolio Beta % 2.63% 1.64% SECTOR ALLOCATION (% of V) Telecom Services Chemicals Consumer Durables Pesticides 5.74% 4.80% 4.77% 4.06% 3.71% 3.68% 2.63% 2.08% 1.90% 1.48% Ancillaries 1.30% 1.19% 0.61% 25.62% 11.87% 11.56% 11.37% 2.86% 11.56% 4.68% 4.80% 0.61% 98.36% 1.64% Value of lumpsum investment of 10,000/ invested on inception date 98.36% 4.49% Grid Corporation of India Ltd 4.53% Tata Ltd ASSET ALLOCATION (% of V) 11.87% NTPC Ltd S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 12, % 27.91% 12, , % 7.40% 11, , , % 11.89% 17, , , % 11.53% 11.81% 48, ,48, ,57, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 8. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on December 29, 2017 ( ) 1,36,134 4,34,337 8,28,194 21,07,254 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 6

7 Type: An OpenEnded Equity To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies. However, there can be no assurance that the investment objective of the Date of Allotment: February 25, 2015 scheme will be realised. AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr % of V Ashok Leyland Ltd Ancillaries Motherson Sumi Systems Ltd Jamna Industries Ltd MRF Ltd Exide Industries Ltd Tube Investment of India Ltd ICICI Bank Ltd City Union Bank Ltd The Ramco s Ltd JK Lakshmi Ltd Chemicals Tata Chemicals Ltd Vinati Organics Ltd GHCL Ltd KNR s Ltd Brigade Enterprises Ltd KEC International Ltd Voltas Ltd Consumer Durables Bajaj Electricals Ltd VIP Industries Ltd Dixon Technologies (India) Ltd Britannia Industries Ltd Shankara Building Products Ltd Max Financial Services Ltd TI Financial Holdings Ltd Motilal Oswal Financial Services Ltd Multi Commodity Exchange of India Ltd Gas Petronet LNG Ltd Industrial Capital Goods Bharat Electronics Ltd Supreme Industries Ltd Media & Entertainment PVR Ltd Pesticides UPL Ltd Indian Oil Corporation Ltd Aurobindo Pharma Ltd Sanofi India Ltd Piramal Enterprises Ltd Jubilant Life Sciences Ltd Suven Life Sciences Ltd Cadila Healthcare Ltd Tata Ltd Persistent Systems Ltd Telecom Equipment & Accessories Sterlite Technologies Ltd Textile Products SRF Ltd K.P.R. Mill Ltd Welspun India Ltd InterGlobe Aviation Ltd Total Exit Load: 1% upto 1 year and No Exit Load after Benchmark: Nifty Free Float Midcap 100 Minimum Investment: 5,000/FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years V AS ON DECEMBER 29, 2017: V Dividend Regular Plan Direct Plan Regular: 2.85%; Direct: 0.67% ANNUAL PORTFOLIO TURNOVER RATIO: 0.46 times RISK MEASURES: Standard Deviation Sharpe Ratio Portfolio Beta % 2.55% 10.14% 4.19% 2.30% 1.57% 1.54% 0.55% 5.67% 2.84% 2.83% 3.71% 3.57% 0.14% 8.48% 3.94% 3.29% 1.25% 4.51% 2.30% 2.21% 5.35% 3.18% 2.16% 3.07% 1.98% 1.06% 0.04% 3.23% 3.23% 0.90% 0.90% 5.49% 2.06% 1.39% % of V 1.06% 0.97% 3.26% 3.26% 2.78% 2.78% 1.53% 1.53% 0.70% 0.70% 2.43% 2.43% 2.00% 2.00% 12.31% 2.65% 2.43% 2.35% 2.20% 1.70% 0.98% 1.30% 1.30% 1.73% 1.73% 2.36% 2.36% 4.54% 2.36% 1.55% 0.63% 2.94% 2.94% 90.97% 9.03% ASSET ALLOCATION (% of V) 90.97% 9.03% NIFTY Free Float MIDCAP 100* Nifty 50** SECTOR ALLOCATION (% of V) Ancillaries Chemicals Textile Products Gas Consumer Durables Industrial Capital Goods Pesticides TelEquipment & Accessories Media & Entertainment 12.31% 10.14% 8.48% 5.67% 5.49% 5.35% 4.54% 4.51% 3.71% 3.26% 3.23% 3.07% 2.94% 2.78% 2.55% 2.43% 2.36% 2.00% 1.73% 1.53% 1.30% 0.90% 0.70% 40.13% 14, , % 15, , , % NIFTY Free Float MIDCAP 100* Nifty 50** 47.26% 18.61% 14, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 12. The scheme was launched on 25th Feb'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,40,000 Market Value as on December 29, 2017 ( ) 1,40,247 4,75,569 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # Nifty Free Float Midcap 100 Index, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. 7

8 Type: An OpenEnded Banking & Financial Services Sector Fund The investment objective of the scheme is to generate longterm capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Date of Allotment: March 27, 2015 will be realised. AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: S&P BSE Bankex Minimum Investment: 5,000/FUND MAGER: Name: Mr. Ramnath Venkateswaran Experience: 12 years V AS ON DECEMBER 29, 2017: V Dividend Regular Plan Direct Plan Regular: 3.00%; Direct: 1.23% ANNUAL PORTFOLIO TURNOVER RATIO: 0.37 times RISK MEASURES: Standard Deviation Sharpe Ratio Portfolio Beta % of V ICICI Bank Ltd Punjab National Bank Axis Bank Ltd Bank of India City Union Bank Ltd Bank of Baroda Canara Bank The South Indian Bank Ltd Vijaya Bank HDFC Bank Ltd DCB Bank Ltd The Federal Bank Ltd Yes Bank Ltd Kotak Mahindra Bank Ltd 74.44% 7.99% 7.57% 7.50% 6.21% 6.01% 5.89% 5.53% 4.84% 4.66% 4.29% 3.75% 3.57% 3.47% 1.90% 1.26% Cholamandalam Investment and Ltd Corporation Ltd CRISIL Ltd Dewan Housing Corporation Ltd Bajaj Ltd Mahindra & Mahindra Financial Services Ltd Multi Commodity Exchange of India Ltd Shriram Transport Ltd Rural Electrification Corporation Ltd Total 16.74% 4.03% 3.68% 1.93% 1.62% 1.44% 1.34% 1.29% 1.01% 0.40% 91.18% 8.82% ASSET ALLOCATION (% of V) 91.18% Nifty 50** 39.08% 32.72% S&P BSE Bankex* Nifty 50** 13, , , % 12.84% 8.80% 12, , , % S&P BSE Bankex* Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 27th March 2015 and total no. of schemes managed by him is 8. The scheme was launched on 27th March'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. SECTOR ALLOCATION (% of V) SIP PERFORMANCE SIP Investments 74.44% 16.74% Total Amount Invested ( ) 1,20,000 3,30,000 Market Value as on December 29, 2017 ( ) 1,32,521 4,20,059 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Years Past performance may or may not be sustained in the future. # S&P BSE BANKEX INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. 8

9 Type: An OpenEnded Equity Sectoral The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 24, 2008 AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. ICICI Bank Ltd HDFC Bank Ltd Minimum Investment: 5,000/ 6.82% Bharat Electronics Ltd 3.66% 8.38% Praj Industries Ltd 3.16% 8.17% 5.82% 4.97% SKF India Ltd 3.75% Cummins India Ltd 2.08% Minerals/Mining Coal India Ltd 1.58% Gujarat Mineral Development Corporation Ltd 0.04% 2.31% 3.89% 11.41% % of V Industrial Capital Goods 25.40% City Union Bank Ltd Benchmark: S&P BSE 100 % of V 1.54% The Ramco s Ltd 4.69% JK Lakshmi Ltd 2.94% ACC Ltd 1.91% Non Hindalco Industries Ltd UltraTech Ltd 1.87% 2.44% V AS ON DECEMBER 29, 2017: Chemicals 3.09% Indian Oil Corporation Ltd 2.44% V Dividend Solar Industries India Ltd 3.09% 1.88% 4.89% Tata Ltd 1.88% Brigade Enterprises Ltd 2.70% Telecom Equipment & Accessories 2.43% Sterlite Technologies Ltd 2.43% Telecom Services 3.77% Bharti Airtel Ltd 3.77% InterGlobe Aviation Ltd 5.24% FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years Regular Plan Direct Plan Regular: 2.70%; KNR s Ltd 2.20% Direct: 1.41% 14.57% KEC International Ltd 4.65% 2.31% ANNUAL PORTFOLIO TURNOVER RATIO: Sadbhav Engineering Ltd 4.21% 0.15 times Larsen & Toubro Ltd 3.92% Ashoka Buildcon Ltd 1.79% Total Gas 3.99% Petronet LNG Ltd 3.99% RISK MEASURES: Standard Deviation Sharpe Ratio Portfolio Beta % SECTOR ALLOCATION (% of V) 4.35% Nifty 50** S&P BSE 100* Nifty 50** 42.20% 31.52% 14, , , % 9.65% 13, , , % 13.05% 18, , , % 9.34% 8.82% 15, , , % 2.03% 95.65% ASSET ALLOCATION (% of V) 3.22% Container Corporation of India Ltd S&P BSE 100* Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar managing the above scheme from 1st March 2013 and total no. of schemes managed by him is 12. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark % 14.57% 11.41% Industrial Capital Goods 6.82% SIP PERFORMANCE SIP Investments 10 Years 5.24% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 11,70, % Market Value as on December 29, 2017 ( ) 1,41,886 4,67,076 9,06,275 20,21, % Gas 3.99% Telecom Services 3.77% Chemicals 3.09% Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## % TelEquipment & Accessories 2.43% Past performance may or may not be sustained in the future. # S&P BSE 100 INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business 2.31% Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. Non 1.88% Minerals/Mining 1.58% 9

10 Type: An OpenEnded Equity Linked Tax Saving AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: Nil (Subject to lockin period of 3 years) Benchmark: S&P BSE Sensex Minimum Investment: /FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years V AS ON DECEMBER 29, 2017: Regular Plan Direct Plan Regular: 2.72%; Direct: 1.45% ANNUAL PORTFOLIO TURNOVER RATIO: 0.50 times RISK MEASURES: Standard Deviation Sharpe Ratio Portfolio Beta investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 31,1997 V Dividend The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our % of V Maruti Suzuki India Ltd Ashok Leyland Ltd Ancillaries Jamna Industries Ltd Exide Industries Ltd Motherson Sumi Systems Ltd Tube Investment of India Ltd HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd City Union Bank Ltd The Ramco s Ltd Shree s Ltd JK Lakshmi Ltd Chemicals Vinati Organics Ltd Tata Chemicals Ltd Pidilite Industries Ltd GHCL Ltd Brigade Enterprises Ltd KNR s Ltd KEC International Ltd Consumer Durables Bajaj Electricals Ltd VIP Industries Ltd Dixon Technologies (India) Ltd Britannia Industries Ltd Shankara Building Products Ltd Max Financial Services Ltd ASSET ALLOCATION (% of V) 7.57% 4.73% 2.84% 5.62% 2.20% 1.51% 1.38% 0.52% 15.76% 5.40% 4.46% 3.20% 2.69% 5.10% 2.70% 1.56% 0.84% 8.03% 3.06% 2.89% 1.17% 0.91% 3.02% 1.94% 1.08% 2.87% 2.87% 3.41% 2.22% 1.15% 0.04% 2.71% 2.71% 0.70% 0.70% 2.96% 1.63% Chemicals Ancillaries Textile Products Pesticides Consumer Durables TelEquipment & Accessories Gas Industrial Capital Goods Media & Entertainment Non S&P BSE Sensex* 37.28% 27.91% 11.21% 7.40% 17.27% 9.51% 6.29% 15.76% 8.20% 8.03% 7.57% 5.62% 5.10% 4.11% 3.56% 3.41% 3.18% 3.02% 2.96% 2.96% 2.87% 2.85% 2.71% 2.45% 2.31% 1.89% 1.75% 1.38% 0.75% 0.70% 0.58% 1.33% 2.31% 2.31% 1.75% 1.75% 2.96% 1.82% 1.14% 0.75% 0.75% 0.58% 0.58% 3.56% 1.83% 1.73% 1.89% 1.89% 8.20% 2.32% 1.85% 1.56% 1.46% 1.01% 1.38% 1.38% 3.18% 1.65% 1.53% 2.45% 2.45% 4.11% 2.40% 1.71% 2.85% 2.85% 93.71% 6.29% SECTOR ALLOCATION (% of V) % of V 93.71% TI Financial Holdings Ltd Gas Petronet LNG Ltd Industrial Capital Goods Bharat Electronics Ltd Supreme Industries Ltd SKF India Ltd Media & Entertainment PVR Ltd Non Hindalco Industries Ltd Pesticides PI Industries Ltd UPL Ltd Indian Oil Corporation Ltd Aurobindo Pharma Ltd Jubilant Life Sciences Ltd Piramal Enterprises Ltd Suven Life Sciences Ltd Sanofi India Ltd Tata Ltd Infosys Ltd Persistent Systems Ltd Telecom Equipment & Accessories Sterlite Technologies Ltd Textile Products SRF Ltd K.P.R. Mill Ltd InterGlobe Aviation Ltd Total Nifty 50** S&P BSE Sensex* Nifty 50** 13, , , , , % 22, , , % 12.18% 65, ,01, ,08, , Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 12. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on December 29, 2017 ( ) 1,39,993 4,66,054 9,46,204 25,00,829 SIP Investments Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 10

11 Type: An OpenEnded Index Linked Equity The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units % of V 8.13% Housing Development Co Ltd 8.13% 3.86% Minerals/Mining 1.05% 2.44% Coal India Ltd 1.05% 2.09% Oil 1.68% Oil & Natural Gas Corporation Ltd 1.68% 8.87% Reliance Industries Ltd 8.87% 2.75% Sun Pharmaceutical Industries Ltd 1.85% Dr. Reddy's Laboratories Ltd 0.91% 2.98% NTPC Ltd 1.66% 11.58% Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd 1.48% Bajaj Ltd 1.37% Tata Motors Ltd DVR Shares Minimum Investment: 5,000/ 31.37% HDFC Bank Ltd V AS ON DECEMBER 29, 2017: V Dividend 0.35% FUND MAGER: Name: Mr. Ramnath Venkateswaran; Experience: 12 years Regular Plan Direct Plan % of V Hero MotoCorp Ltd Benchmark: S&P BSE Sensex 11.37% ICICI Bank Ltd 6.01% Kotak Mahindra Bank Ltd 3.55% 3.43% Axis Bank Ltd 2.86% IndusInd Bank Ltd 2.48% Yes Bank Ltd 1.69% 4.57% Larsen & Toubro Ltd 4.57% Grid Corporation of India Ltd 1.32% 11.34% Infosys Ltd 6.20% Tata Consultancy Services Ltd 4.01% Wipro Ltd 1.13% Telecom Services 1.80% 11.19% Bharti Airtel Ltd 1.80% ITC Ltd 6.69% 0.97% Hindustan Unilever Ltd 2.91% Adani Ports and Special Economic Zone Ltd Asian Paints Ltd 1.59% Total RISK MEASURES: 1.48% Tracking Error Tata Steel Ltd 1.48% Regular: 1.70%; Direct: 1.14% ANNUAL PORTFOLIO TURNOVER RATIO: 0.13 times 0.19% 99.76% SECTOR ALLOCATION (% of V) 31.37% 11.58% 11.34% 11.19% 8.87% 8.13% Telecom Services Oil 0.24% 4.57% 2.98% 2.75% 1.80% 1.68% 1.48% Minerals/Mining 1.05% 0.97% 0.24% ASSET ALLOCATION (% of V) 0.97% 99.76% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 27.43% 27.91% 12, , , % 7.40% 12, , , % 11.89% 17, , , % 16.91% 16.55% 64, ,05, ,00, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 8. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,00,000 Market Value as on December 29, 2017 ( ) 1,33,478 4,33,996 8,06,430 20,81,416 44,68,913 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 11

12 Type: An OpenEnded Index Linked Equity AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units Benchmark: Nifty 50 Minimum Investment: 5,000/FUND MAGER: Name: Mr. Ramnath Venkateswaran; Experience: 12 years V AS ON DECEMBER 29, 2017: Regular Plan Direct Plan Regular: 1.20%; Direct: 0.65% % of V Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd Hero MotoCorp Ltd Bajaj Ltd Eicher Motors Ltd Ancillaries Bosch Ltd HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd Axis Bank Ltd IndusInd Bank Ltd Yes Bank Ltd UltraTech Ltd Ambuja s Ltd 10.24% 3.21% 1.98% 1.71% 1.19% 1.12% 1.03% 0.50% 0.50% 26.48% 9.46% 4.99% 3.34% 2.85% 2.34% 2.08% 1.41% 1.64% 1.12% 0.52% 3.84% 3.84% Larsen & Toubro Ltd 9.26% 5.56% 2.42% 1.27% 1.19% 1.19% 8.70% 6.76% 0.99% 0.95% 0.76% 0.76% 0.78% 0.78% ITC Ltd Hindustan Unilever Ltd Asian Paints Ltd Tata Steel Ltd ANNUAL PORTFOLIO TURNOVER RATIO: Housing Development Corporation Ltd Bajaj Ltd Indiabulls Housing Ltd Gas GAIL (India) Ltd 0.39 times RISK MEASURES: Tracking Error index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 V Dividend The main investment objective of the fund is to generate returns commensurate with the performance of the 0.24% Media & Entertainment Zee Entertainment Enterprises Ltd ASSET ALLOCATION (% of V) Oil Oil & Natural Gas Corporation Ltd Pesticides UPL Ltd Reliance Industries Ltd Bharat Petroleum Corporation Ltd Indian Oil Corporation Ltd Hindustan Petroleum Corporation Ltd Sun Pharmaceutical Industries Ltd Cipla Ltd Dr. Reddy's Laboratories Ltd Lupin Ltd Aurobindo Pharma Ltd NTPC Ltd Grid Corporation of India Ltd SECTOR ALLOCATION (% of V) 4.01% 3.84% Non 2.48% 2.37% Telecom Services 1.72% 1.64% 1.36% Oil 1.19% Minerals/Mining 0.83% 0.80% Media & Entertainment 0.78% Gas 0.76% Pesticides 0.66% TelEquipment & Accessories 0.65% Ancillaries 0.50% 26.48% 11.27% 10.31% 10.24% 9.26% 8.70% 1.72% 1.72% Adani Ports and Special Economic Zone Ltd Total NIFTY 50* 0.80% 0.80% 99.85% 0.15% 0.65% 0.65% Telecom Services Bharti Airtel Ltd 0.15% 11.27% 5.09% 3.33% 1.18% 0.91% 0.75% Infosys Ltd Tata Consultancy Services Ltd HCL Technologies Ltd Wipro Ltd Tech Mahindra Ltd Telecom Equipment & Accessories Bharti Infratel Ltd 99.85% 0.83% 0.83% 2.48% 1.50% 0.98% 1.36% 1.36% 0.66% 0.66% 10.31% 7.57% 0.98% 0.98% 0.78% 4.01% 1.54% 0.76% 0.71% 0.52% 0.48% 2.37% 1.31% 1.06% Non Vedanta Ltd Hindalco Industries Ltd % of V Minerals/Mining Coal India Ltd NIFTY 50* S&P BSE Sensex** 28.57% S&P BSE Sensex** 27.91% 12, , , % 7.40% 12, , , % 11.89% 17, , , % 16.55% 16.91% 59, ,00, ,05, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 8. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,00,000 Market Value as on December 29, 2017 ( ) 1,33,404 4,39,384 8,26,787 21,35,621 44,17,151 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # NIFTY 50 INDEX, ## S&P BSE SENSEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 12

13 Type: An OpenEnded Exchange Traded Fund. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by NIFTY 50 Index, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved. Date of Allotment: November 20, 2015 AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr % of V Exit Load: Nil Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE) % FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years 2.49% Tata Motors Ltd 1.96% Vedanta Ltd 1.51% Mahindra & Mahindra Ltd 1.72% Hindalco Industries Ltd 0.98% Hero MotoCorp Ltd 1.22% Oil 1.36% 1.12% Oil & Natural Gas Corporation Ltd 1.36% 1.00% Pesticides 0.68% 0.45% UPL Ltd 0.45% Ancillaries Bosch Ltd 26.33% HDFC Bank Ltd 9.41% ICICI Bank Ltd 4.94% Kotak Mahindra Bank Ltd 3.29% Axis Bank Ltd V Regular Plan IndusInd Bank Ltd Regular: 0.10% 2.83% 2.37% 2.07% Yes Bank Ltd 1.42% 1.61% UltraTech Ltd 1.11% Ambuja s Ltd 0.50% 3.82% Larsen & Toubro Ltd 3.82% RISK MEASURES: 9.23% Tracking Error ITC Ltd 5.53% Hindustan Unilever Ltd 2.41% Asian Paints Ltd 1.29% 0.09 times 0.10% ASSET ALLOCATION (% of V) 99.86% 0.14% SECTOR ALLOCATION (% of V) 4.04% 3.82% Non 2.49% 2.39% Telecom Services 1.72% 1.61% Oil 1.36% 1.21% Minerals/Mining 0.86% Gas 0.80% 0.79% Media & Entertainment 0.78% Pesticides 0.68% TelEquipment & Accessories 0.64% Ancillaries 0.45% 26.33% 11.37% 10.47% 10.20% 9.23% 8.62% 0.86% Non V AS ON DECEMBER 29, 2017: ANNUAL PORTFOLIO TURNOVER RATIO: 0.86% Coal India Ltd 3.19% Eicher Motors Ltd Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit % of V Maruti Suzuki India Ltd Bajaj Ltd Benchmark: Nifty 50 Minerals/Mining 0.68% 10.47% Reliance Industries Ltd 7.76% Bharat Petroleum Corporation Ltd 0.99% Indian Oil Corporation Ltd 0.98% Hindustan Petroleum Corporation Ltd 0.74% 4.04% Sun Pharmaceutical Industries Ltd 1.55% Cipla Ltd 0.76% Dr. Reddy's Laboratories Ltd 0.72% Lupin Ltd 0.53% Aurobindo Pharma Ltd 0.48% 2.39% NTPC Ltd 1.30% Grid Corporation of India Ltd 1.08% 11.37% Infosys Ltd 5.12% Tata Consultancy Services Ltd 3.32% HCL Technologies Ltd 1.22% Wipro Ltd 0.94% 1.21% Tech Mahindra Ltd 0.78% Tata Steel Ltd 1.21% Telecom Equipment & Accessories 0.64% 8.62% Bharti Infratel Ltd 0.64% Housing Development Co Ltd 6.68% Telecom Services 1.72% Bajaj Ltd 0.99% Bharti Airtel Ltd 1.72% Indiabulls Housing Ltd 0.94% 0.79% Gas 0.80% Adani Ports and Special Economic Zone Ltd GAIL (India) Ltd 0.80% Total Media & Entertainment 0.78% Zee Entertainment Enterprises Ltd 0.78% NIFTY 50* S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 27.91% 12, , , % 14.88% 13.90% 13, , , % 0.14% 0.79% 99.86% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 20th November 2015 and total no. of schemes managed by him is 12. The scheme was launched on 20th Nov'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. 13

14 Type: An OpenEnded Exchange Traded Fund. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by the S&P BSE SENSEX Index by holding S&P BSE SENSEX stocks in same proportion, subject to tracking errors. However there is no assurance that the objective of the scheme will be Date of Allotment: November 30, 2015 achieved. AUM as on 31/12/2017: Cr Average AUM as on 31/12/2017: Cr Exit Load: Nil % of V Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). Benchmark: S&P BSE Sensex Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit 11.56% 2.42% Coal India Ltd 1.03% Mahindra & Mahindra Ltd 2.10% Oil 1.65% Hero MotoCorp Ltd 1.47% Oil & Natural Gas Co Ltd 1.65% Bajaj Ltd 1.35% 8.91% Tata Motors Ltd DVR Shares 0.34% Reliance Industries Ltd 8.91% 2.72% Sun Pharmaceutical Ind Ltd 1.85% Dr. Reddy's Lab Ltd 0.87% 2.92% NTPC Ltd 1.60% Grid Co of India Ltd 1.32% ICICI Bank Ltd 6.03% V AS ON DECEMBER 29, 2017: Kotak Mahindra Bank Ltd 3.57% V 3.44% 0.11 times RISK MEASURES: ASSET ALLOCATION (% of V) 99.85% 0.15% SECTOR ALLOCATION (% of V) IndusInd Bank Ltd 2.51% Yes Bank Ltd 1.73% 4.59% Larsen & Toubro Ltd 4.59% 11.20% 11.36% Infosys Ltd 6.22% Tata Consultancy Services Ltd 4.02% Wipro Ltd 1.11% Telecom Services 1.77% Bharti Airtel Ltd 1.77% 0.98% ITC Ltd 6.71% Hindustan Unilever Ltd 2.93% Adani Ports & Special Eco Zone Ltd Asian Paints Ltd 1.56% Total 1.45% Tata Steel Ltd 1.45% 0.98% 99.85% 0.15% 31.56% 11.56% 11.36% 11.20% 8.91% 2.87% 0.12% Telecom Services Axis Bank Ltd Regular: 0.10% ANNUAL PORTFOLIO TURNOVER RATIO: 8.16% Tata Motors Ltd 11.41% Housing Development Fin Co Ltd 1.03% HDFC Bank Ltd 8.16% Minerals/Mining FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years Tracking Error 3.87% 31.56% % of V Maruti Suzuki India Ltd Regular Plan % 4.59% 2.92% 2.72% 1.77% Oil 1.65% 1.45% Minerals/Mining 1.03% 0.98% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 29.51% 27.91% 12, , , , , , % 13.52% 14.54% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 30th November 2015 and total no. of schemes managed by him is 12. The scheme was launched on 30th Nov'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. 14