Mutual Fund. This product is suitable for investors who are seeking*:

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1 Mutua Fund SCHEME INFORMATION DOCUMENT Shriram Long Term Equity Fund An open ended equity inked saving scheme with a statutory ock in of 3 years and tax benefit This product is suitabe for investors who are seeking*: Long term capita appreciation with a 3 years ock in and tax benefit Investment in diversified portfoio of predominanty equity and equity-reated securities. Moderatey High Risk *Investors shoud consut their financia advisers if in doubt about whether the product is suitabe for them. Note : Risk is represented as : Riskometer i. Low - Principa at ow risk ii. Moderatey Low - Principa at moderatey ow risk iii. Moderate - Principa at moderate risk iv. Moderatey High - Principa at moderatey high risk v. High - Principa at high risk Name of Mutua Fund : Shriram Mutua Fund The particuars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutua Funds) Reguations 1996, (hereinafter referred to as SEBI (MF) Reguations) as amended ti date, and fied with SEBI, aong with a Due Diigence Certificate from the AMC. The units being offered for pubic subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document (SID) sets forth concisey the information about the scheme that a prospective investor ought to know before investing. Before investing, investors shoud aso ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutua Fund / Investor Service Centers / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additiona Information (SAI) for detais of SHRIRAM MUTUAL FUND, Tax and Lega issues and genera information on SAI is incorporated by reference (is egay a part of the Scheme Information Document). For a free copy of the current SAI, pease contact your nearest Investor Service Centre or og on to our website. The Scheme Information Document shoud be read in conjunction with the SAI and not in isoation. This Scheme Information Document is dated August 28, 2018 INTERPRETATION For a purposes of this Scheme Information Document, except as otherwise expressy provided or uness the context otherwise requires: v A references to the mascuine sha incude the feminine and a references, to the singuar sha incude the pura and vice-versa. v A references to "Rs." refer to Indian Rupees. A "crore" means "ten miion" and a "akh" means a "hundred thousand". v A references to timings reate to Indian Standard Time (IST). v Words and expressions used in the Scheme Information Document and not defined sha have the same meaning as in the reguations. v References to a day are to a caendar day incuding non-business Day uness otherwise specified. LOW HIGH Investors understand that their principa wi be at Moderatey High Risk Offer for units of Rs. 10/- per unit at par during the New Fund Offer and at NAV reated prices upon re-opening New Fund Offer opens on: December 17, 2018 New Fund coses opens on: January 18, 2019 Scheme Re-opens for continues offer of sae on: February 01, 2019 Name of Asset Management Company : Shriram Asset Management Company Limited CIN : L65991MH1994PLC Address : Registered Office : Wockhardt Towers, 2nd Foor, East Wing, C-2, G Bock, Bandra Kura Compex, Bandra (East), Mumbai , India Website : Name of Trustee Company/ Board of Trustees : Board of Trustees, Shriram Mutua Fund

2 TABLE OF CONTENTS HIGHLIGHTS OF THE SCHEME 1 I. INTRODUCTION II. III. IV. A. Risk Factors 2 B. Requirement Of Minimum Investors 3 C. Specia Considerations 4 D. Definitions 4 E. Due Diigence by the Asset Management Company 7 INFORMATION ABOUT THE SCHEME A. Type of Scheme 7 B. Investment Objective of the Scheme 7 C. How wi the scheme aocate its Asset? 7 D. Where wi the Scheme invest? 8 E. What are the Investment Strategies? 12 F. Fundamenta Attributes 13 G. How wi the Scheme benchmark its performance? 13 H. Who manages the Scheme? 14 I. What are the investment restrictions? 14 J. How has the Scheme performed? 15 UNITS AND OFFER A. New Fund Offer 15 B. Ongoing Offer Detais 21 C. Periodic discosure 25 D. Computation of Net Asset Vaue 26 FEES AND EXPENSES A. New Fund Offer Expenses 26 B. Annua Scheme Recurring Expenses 26 C. Load Structure 27 V. RIGHTS OF UNIT HOLDERS 28 VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR 28 INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY VII Discosure persuant to the SEBI circuar SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18,

3 HIGHLIGHTS / SUMMARY OF THE SCHEME Mutua Fund NURTURING TRUST, SHAPING DREAMS Name of the Scheme : Shriram Long Term Equity Fund Type of Scheme : An open ended equity inked saving scheme with a statutory ock in of 3 years and tax benefit Options & Pans for investment - Reguar Pan (For appications routed through Distributors) (i) Growth (ii) Dividend (Payout) Direct Pan (For appications not routed through Distributors) (i) Growth (ii) Dividend (Payout) Dividend distribution is at the discretion of the Trustees and subject to avaiabe distributabe surpus. However, the Trustee reserve the right to introduce / modify investment Pans / Options under the Scheme at a future date in accordance with SEBI (MF) Reguations. A pans/options wi have a common portfoio. Direct Pan is ony for the investors who purchase/subscribe Units in the Scheme directy with the Fund (i.e. Investments not routed through AMFI Registration number (ARN) Hoder. Investments under Direct Pan can be made through various modes offered by the Fund for investing directy with the Fund {except Stock Exchange Patform(s) and a other Patform(s) where investors appications for subscription of units are routed through Distributors. Investment objective: The primary investment objective of the Scheme is to generate income and ong-term capita appreciation from a diversified portfoio of predominanty equity and equity reated securities and enabe investors to avai the income tax rebate, as permitted from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme wi be achieved. The Scheme does not assure or guarantee any returns. Liquidity: The scheme provides purchases and redemptions faciity on a Business Days at NAV based prices however redemption wi be aowed after an initia ock-in-period of three years from the date of aotment of units irrespective of the investment amount and irrespective of the type of the investor. As per SEBI Reguations, the Mutua Fund sha despatch Redemption proceeds within 10 Working Days of receiving vaid Redemption request. A pena interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, wi be paid in case the Redemption proceeds are not made within 10 Working Days of the date of receipt of a vaid Redemption request. However, under norma circumstances, the Mutua Fund wi endeavor to despatch the Redemption cheque within 5 Working Days from the receipt of a vaid Redemption request from the Unit hoder. Benchmark : NIFTY 500 Transparency/NAV /Portfoio Discosure: The AMC wi cacuate and discose the first NAV of the respective pans not ater than 5 business days from the date of aotment of the respective pans. The Mutua Fund sha prominenty discose the Net asset vaue of the scheme on every business day under a separate head on the website of the AMC as we as on AMFI's website (by the time imit for upoading NAV as per appicabe guideines). If the NAVs are not avaiabe before commencement of business hours on the foowing day due to any reason, the Fund sha issue a press reease providing reasons and expaining when the Fund woud be abe to pubish the NAVs. NAV sha be cacuated on a business days & wi be reeased for pubication in at east two daiy newspapers having nationwide circuation. In addition, the NAV, Sae and Repurchase rates for a business days wi be avaiabe at our Branch Offices. Further, Mutua Fund/ AMC sha extend faciity of sending atest avaiabe NAVs to unit hoders through SMS, upon receiving a specific request in this regard. Pursuant to SEBI Circuar No. SEBI/HO/IMD/DF2/CIR/P/2018/92 dated June 05, 2018 the AMC sha discose portfoio (aong with ISIN) as on the ast day of the month / haf-year for the scheme on AMC website and on the website of AMFI within 10 days from the cose of each month/ haf-year respectivey in a user-friendy and downoadabe spreadsheet format. In case of unit hoders whose e-mai addresses are registered, the Mutua Fund/ AMC sha send via emai both the monthy and haf-yeary statement of scheme portfoio within 10 days from the cose of each month/ haf-year respectivey. Mutua Fund/ AMC sha pubish an advertisement every haf-year discosing the hosting of the haf-yeary statement of its scheme portfoio on the AMC website and on the website of AMFI and the modes such as SMS, teephone, emai or written request (etter) through which a unit hoder can submit a request for a physica or eectronic copy of the statement of scheme portfoio. Such advertisement sha be pubished in the a India edition of at east two daiy newspapers, one each in Engish and Hindi. Mutua Fund/ AMC sha provide a physica copy of the statement of its scheme portfoio, without charging any cost, on specific request received from a unit hoder Load: During New Fund Offer (NFO) period and on an ongoing basis Entry Load: Not Appicabe. SEBI vide its circuar no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there sha be no entry Load for a Mutua Fund Schemes. The upfront commission on investment made by the investor, if any, sha be paid to the ARN Hoder (AMFI registered Distributor) directy by the investor, based on the investor's assessment of various factors incuding service rendered by the ARN Hoder. Exit Load:NIL Transaction Charges: SEBI vide its circuar no. Cir/IMD/DF/13/2011 dated 22 August 2011 has aowed mutua funds to evy a transaction charge on subscriptions of Rs.10,000 and above, which sha be deducted by the AMC from subscription amount and paid to the distributors. Minimum Appication Amount : During New Fund Offer period & on an Ongoing basis Rs. 500/-and in mutipes of Rs. 500/- thereafter Minimum Additiona Purchase Amount Rs. 500/- and in mutipes of Rs. 500/- thereafter Minimum appication amount is appicabe ony at the time of creation of new foio. New Fund Offer Expenses: New fund offer expenses wi be borne by the AMC. New Fund Offer Price: Rs. 10/- per Unit Ongoing Saes/Repurchases: The Shriram Mutua Fund wi aot units or refund of money and dispatch statements of accounts or refund order within 5 business days from the cosure of the NFO. Ongoing Repurchase of the units of the scheme wi start subject to the ock in period of 3 years (1)

4 from the date of aotment. Life of scheme: The scheme, being an open ended scheme, has perpetua duration. I. INTRODUCTION A. RISK FACTORS I. Standard Risk Factors : 1. Investment in Mutua Fund Units invoves investment risks such as trading voumes, settement risk, iquidity risk, defaut risk incuding the possibe oss of principa. 2. As the price / vaue / interest rates of the securities in which the scheme investment fuctuates, the vaue of your investment in the scheme may go up or down. 3. Past performance of the Sponsor/AMC/Mutua Fund does not indicate or guarantee the future performance of the scheme of the Mutua Fund. 4. Shriram Long Term Equity Fund is ony the name of the Scheme and does not in any manner indicate either the quaity of the Scheme, its future prospects or the returns. Investors therefore are urged to study the terms of the Offer carefuy and consut their tax and Investment Advisor before they invest in the Scheme. 5. The sponsor is not responsibe or iabe for any oss resuting from the operation of the scheme beyond the initia contribution of Rs. 1 Lakh made by it towards setting up the Fund. 6. The present scheme is not a guaranteed or assured return scheme. 7. There is no assurance or guarantee that the objective of the mutua fund wi be achieved. 8. There is no guarantee or assurance on the frequency or quantum of dividends or bonus (which sha be at the discretion of the AMC/Trustee and aso depend on the avaiabiity of adequate distributabe surpus) athough there is every intention to decare dividends in Dividend Pan or decare Bonus in the said option. 9. Mutua Fund Investments are subject to market risks, read a scheme reated document carefuy. II. Scheme Specific Genera Risk Factors : Some of the specific risk factors reated to the scheme incude but are not imited to the foowing : 1. The performance of the scheme may be affected by the corporate performance, macro-economic factors, changes in Government poicies, genera eves of interest rates and risk associated with trading voumes, iquidity and settement systems in the securities markets. 2. Low trading voumes, settement periods and transfer procedures may restrict the iquidity of the scheme's investments. Transacting may become difficut due to extreme voatiity in the market resuting in constriction in voumes. Additionay, changes in the SEBI/ RBI reguations/guideines may have an adverse impact on the iquidity of the scheme. Different segments of the Indian financia markets have different settement periods, and such period may be extended significanty by unforeseen circumstances. The ength of time for settement may affect the Scheme in the event the Scheme has to meet an inordinatey arge number of redemption requests. In addition, the Trustee at its soe discretion reserves the right to imit or withdraw sae and/or repurchase/redemption and/or switching of the units in the scheme (incuding any one of the Pans of the scheme) temporariy or indefinitey under certain circumstances. For detais refer the Section 'Right to imit redemptions'. The scheme wi retain certain investments in cash or cash equivaent for the day to day iquidity requirements. III. Risk associated with investments in equities and equity reated instruments : Investments in equity and equity reated instruments invove a degree of risk, both company specific and market risks and thus investors shoud not invest in the Scheme uness they can afford to take the risk of osing their investment. The scheme wi predominanty invest in equity and equity reated securities diversified over various sectors. Thus, any price fuctuation for these securities may adversey affect the NAV of the units issued under the Scheme. The same may aso ead to out-performance or under-performance of the scheme against Nifty 500 which is the benchmark index for the scheme. Equity and Equity Reated Instruments by nature are voatie and prone to price fuctuations on a daiy basis due to macro and micro economic factors. The vaue of Equity and Equity Reated Instruments may fuctuate due to factors affecting the securities markets such as voume and voatiity in the capita markets, interest rates, currency exchange rates, changes in aw/poicies of the Government, taxation aws, poitica, economic or other deveopments, which may have an adverse impact on individua securities, a specific sector or a sectors. Consequenty, the NAV of the Units issued under the Scheme may be adversey affected. Equity and Equity Reated Instruments isted on the stock exchange carry ower iquidity risk; however the Scheme s abiity to se these investments is imited by the overa trading voume on the stock exchanges. In certain cases, settement periods may be extended significanty by unforeseen circumstances. The inabiity of the Scheme to make intended securities purchases due to settement probems coud cause the Scheme to miss certain investment opportunities. Simiary, the inabiity to se securities hed in the Scheme's portfoio may resut, at times, in potentia osses to the Scheme, shoud there be a subsequent decine in the vaue of securities hed in the Scheme's portfoio. The Scheme may invest in securities which are not isted on the stock exchanges. These securities may be iiquid in nature and carry a higher amount of iquidity risk, in comparison to securities that are isted on the stock exchanges or offer other exit options to the investor. The iquidity and vauation of the Scheme's investments due to its hodings of unisted securities may be affected if they have to be sod prior to the target date of disinvestment. IV. Risks associated with Fixed Income Securities: The foowing are the risks associated with investment in Fixed Income securities: Interest-Rate Risk: Fixed income securities such as government bonds, corporate bonds, Money Market Instruments and Derivatives run price-risk or interest-rate risk. Generay, when interest rates rise, prices of existing fixed income securities fa and when interest rates drop, such prices increase. The extent of fa or rise in the prices depends upon the coupon and maturity of the security. It aso depends upon the eve at which the security is being traded. Re-investment Risk: Investments in fixed income securities carry re-investment risk as interest rates prevaiing on the coupon payment or maturity dates may differ from the origina coupon of the bond. Basis Risk: The underying benchmark of a foating rate security or a swap might become ess active or may cease to exist and thus may not be abe to capture the exact interest rate movements, eading to oss of vaue of the portfoio. Spread Risk: In a foating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the ife of the security this spread may move adversey eading to oss in vaue of the portfoio. The yied of the underying benchmark might not change, but the spread of the security over the underying benchmark might increase eading to oss in vaue of the security. Liquidity Risk: The iquidity of a bond may change, depending on market conditions eading to changes in the iquidity premium attached to the price of the bond. At the time of seing the security, the security can become iiquid, eading to oss in vaue of the portfoio. Credit Risk: This is the risk associated with the issuer of a debenture/bond or a Money Market Instrument defauting on coupon payments or in paying back the principa amount on maturity. Even when there is no defaut, the price of a security may change with expected changes in the credit rating of the issuer. It is to be noted here that a Government Security is a sovereign security and is the safest. Corporate bonds carry a higher amount of credit (2)

5 risk than Government Securities. Within corporate bonds aso there are different eves of safety and a bond rated higher by a particuar rating agency is safer than a bond rated ower by the same rating agency. Liquidity Risk on account of unisted securities: The iquidity and vauation of the Scheme investments due to their hodings of unisted securities may be affected if they have to be sod prior to their target date of divestment. The unisted security can go down in vaue before the divestment date and seing of these securities before the divestment date can ead to osses in the portfoio. Settement Risk: Fixed income securities run the risk of settement which can adversey affect the abiity of the fund house to swifty execute trading strategies which can ead to adverse movements in NAV. V. Risks associated with Investing in Derivatives : Systematic Risk: Systematic Risk is the risk associated with the entire market. Unike unsystematic risk, it is not inked to a specific security or sector.systematic risk is a market risk which can be due to macro-economic factors, news events, etc. Mark to Market Risk: This risk is on account of day to day fuctuations in the underying Security and its derivative instrument, which can adversey impact the portfoio. Credit Risk: The credit risk is the risk that the counter party wi defaut in its obigations and is generay sma as in a Derivative transaction there is generay no exchange of the principa amount. Interest rate risk: Derivatives carry the risk of adverse changes in the price due to change in interest rates. Basis Risk: When a security is hedged using a Derivative, the change in price of the security and the change in price of the Derivative may not be fuy correated eading to basis risk in the portfoio. Liquidity risk: During the ife of the Derivative, the benchmark might become Iiquid and might not be fuy capturing the interest rate changes in the market, or the seing, unwinding prices might not refect the underying assets, rates and indices, eading to oss of vaue of the portfoio. Mode Risk: The risk of mis pricing or improper vauation of Derivatives. Trade Execution: Risk where the fina execution price is different from the screen price, eading to diution in the spreads and hence impacting the profitabiity of the reverse arbitrage strategy. Systemic Risk: For Derivatives, especiay OTC ones the faiure of one Counter Party can put the whoe system at risk and the whoe system can come to a hat. The scheme may invest in various derivative products in accordance with and to the extent permitted under the reguations from time to time. Derivatives are financia contracts of pre-determined fixed duration, ike stock Futures /options and index futures and options, whose vaues are derived from the vaue of an underying primary financia instrument such as: Equities, Interest rates, Exchange rates and Commodities. Derivative products are speciaized instruments that require investment techniques and risk anaysis which are different from those associated with stocks and other traditiona securities. Derivatives are highy everaged instruments and a sma price fuctuation in the underying can have a arger impact on its vaue. Thus, its use can ead to disproportionate gains or osses to the portfoio. Execution of derivatives instruments depends on the abiity of the fund manager to identify good opportunities. Identification and execution of the strategies to be pursued by the fund manager invove uncertainty and decision of fund manager may not aways be profitabe. No assurance can be given that the fund manager wi be abe to identify or execute such strategies. The risks associated with the use of Derivatives are different from or possiby greater than, the risks associated with investing directy in securities and other traditiona investments." VI. Risks associated with Short Seing & Securities Lending Securities Lending is a ending of securities through an approved intermediary to a borrower under an agreement for a specified period with the condition that the borrower wi return equivaent securities of the same type or cass at the end of the specified period aong with the corporate benefits accruing on the securities borrowed. There are risks inherent in securities ending, incuding the risk of faiure of the other party, in this case the approved intermediary to compy with the terms of the agreement. Such faiure can resut in a possibe oss of rights to the coatera, the inabiity of the approved intermediary to return the securities deposited by the ender and the possibe oss of corporate benefits accruing thereon. Short-seing is the sae of shares or securities that the seer does not own at the time of trading. Instead, he borrows it from someone who aready owns it. Later, the short seer buys back the stock/security he shorted and returns the stock/security to the ender to cose out the oan. The inherent risks are Counterparty risk and iquidity risk of the stock/security being borrowed. The security being short sod might be iiquid or become iiquid and covering of the security might occur at a much higher price eve than anticipated, eading to osses. VII. Risk Factors Associated with Investments in Foreign Securities Subject to necessary approvas, the Scheme may aso invest in overseas financia assets as permitted under the appicabe reguations. The vaue of an investment in a foreign issuer s securities may depend on genera goba economic factors or specific economic and poitica factors reating to the country or countries in which the foreign issuer operates. To the extent the assets of the Scheme are invested in overseas financia assets, there may be risk associated with fuctuation in foreign exchange rates, restriction on repatriation of capita and earnings under the exchange contro reguations and transaction procedure in overseas market. The repatriation of capita to India may aso be hampered by changes in reguations concerning exchange contros, poitica circumstances, bi-atera conficts or prevaent tax aws. Since the Scheme woud invest ony partiay in foreign securities, there may not be readiy avaiabe and widey accepted benchmarks to measure performance of such Scheme. To manage risks associated with foreign currency and interest rate exposure, the Fund may use derivatives for efficient portfoio management and hedging and portfoio rebaancing and in accordance with conditions as may be stipuated under the Reguations and by RBI from time to time. Investment in foreign securities carries currency risk. Currency risk is a form of risk that arises from the change in price of one currency against other. The exchange risk associated with a foreign denominated instrument is a key eement in foreign investment. This risk fows from differentia monetary poicy and growth in rea productivity, which resuts in differentia infation rates. The risk arises because currencies may move in reation to each other. Presenty the AMC does not have approva to invest in foreign securities. It wi take the necessary approvas from SEBI & RBI before commencing investments in foreign securities and a dedicated fund manager wi be appointed to oversee investments in foreign securities. B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme(s)/Pan(s) sha have a minimum of 20 investors and no singe investor sha account for more than 25% of the corpus of the Scheme(s)/Pan(s) (at portfoio eve). However, if such imit is breached during the NFO of the Scheme, the Fund wi endeavour to ensure that within a period of three months or the end of the succeeding caendar quarter from the cose of the NFO of the Scheme, whichever is earier, the Scheme compies with these two conditions. In case the Scheme / Pan(s) does not have a minimum of 20 investors in the stipuated period, the provisions of Reguation 39(2)(c) of the SEBI (MF) Reguations woud become appicabe automaticay without any reference from SEBI and accordingy the Scheme / Pan(s) sha be wound up and the units woud be redeemed at appicabe NAV. The two conditions mentioned above sha be compied within each subsequent caendar quarter, on an average basis, as specified by SEBI. If there is a breach of the 25% imit by any investor over the quarter, a rebaancing period of one month woud be aowed and thereafter the investor who is in breach of the rue sha be given 15 days notice to redeem his exposure over (3)

6 the 25% imit. Faiure on the part of the said investor to redeem his exposure over the 25% imit within the aforesaid 15 days woud ead to automatic redemption by the Mutua Fund on the appicabe Net Asset Vaue on the 15th day of the notice period. The Fund sha adhere to the requirements prescribed by SEBI from time to time in this regard. C. SPECIAL CONSIDERATIONS Prospective investors shoud study this Scheme Information Document and Statement of Additiona Information carefuy in its entirety and shoud not construe the contents hereof as advise reating to ega, taxation, financia, investment or any other matters and are advised to consut their ega, tax, financia and other professiona advisors to determine possibe ega, tax, financia or other considerations of subscribing to or redeeming Units, before making a decision to invest/redeem/hod Units. Neither this Scheme Information Document ( SID ), SAI nor the Units have been registered in any jurisdiction. The distribution of this Scheme Information Document or Statement of Additiona Information in certain jurisdictions may be restricted or totay prohibited to registration requirements and accordingy, persons who come into possession of this Scheme Information Document or Statement of Additiona Information are required to inform themseves about and to observe any such restrictions and/ or ega compiance requirements. The AMC, Trustee or the Mutua Fund have not authorized any person to issue any advertisement or to give any information or to make any representations, either ora or written, other than that contained in this Scheme Information Document or the Statement of Additiona Information or as provided by the AMC in connection with this offering. Prospective Investors are advised not to rey upon any information or representation not incorporated in the Scheme Information Document or Statement of Additiona Information or as provided by the AMC as having been authorized by the Mutua Fund, the AMC or the Trustee. Redemption due to change in the fundamenta attributes of the Scheme or due to any other reasons may entai tax consequences. The Trustee, AMC, Mutua Fund, their directors or their empoyees sha not be iabe for any such tax consequences that may arise due to such Redemptions. The Trustee, AMC, Mutua Fund, their directors or their empoyees sha not be iabe for any of the tax consequences that may arise, in the event that the Scheme is wound up for the reasons and in the manner provided in Statement of Additiona Information. The tax benefits described in this Scheme Information Document and Statement of Additiona Information are as avaiabe under the present taxation aws and are avaiabe subject to reevant conditions. The information given is incuded ony for genera purpose and is based on advice received by the AMC regarding the aw and practice currenty in force in India as on the date of this Scheme Information Document and the Unit hoders shoud be aware that the reevant fisca rues or their interpretation may change. As is the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevaiing at the time of an investment in the Scheme wi endure indefinitey. In view of the individua nature of tax consequences, each Unit hoder is advised to consut his / her own professiona tax advisor. The Mutua Fund may discose detais of the investor s account and transactions there under to those intermediaries whose stamp appears on the appication form or who have been designated as such by the investor. In addition, the Mutua Fund may discose such detais to the bankers, as may be necessary for the purpose of effecting payments to the investor. The Fund may aso discose such detais to reguatory and statutory authorities/bodies as may be required or necessary. In case the AMC or its Sponsor or its Sharehoders or their affiiates/associates or group companies make substantia investment, either directy or indirecty in the Scheme. Redemption of Units by these entities may have an adverse impact on the performance of the Scheme. This may aso affect the abiity of the other Unit hoders to redeem their units. As the iquidity of the Scheme investments may sometimes be restricted by trading voumes and settement periods, the time taken by the Fund for Redemption of Unit may be significant in the event of an inordinatey arge number of Redemption Requests or of a restructuring of the Scheme portfoio. In view of this, the Trustee has the right, in its soe discretion, to imit redemptions under certain circumstances - pease refer to the paragraph Right to Limit Redemptions. D. DEFINITIONS AMC or Asset Management Company or Investment Manager Shriram Asset Management Company Limited incorporated under the provisions of the Companies Act, 1956 and approved by Securities and Exchange Board of India to act as the Asset Management Company for the scheme(s) of Shriram Mutua Fund. Appicabe NAV For Purchase : a. Where the appication is received up to 3.00 pm on a Business Day with a oca cheque or demand draft payabe at par at the pace where it is received, with amount ess than Rs. 2 Lakhs (Two Lakh Rupees). - Cosing NAV of the day of receipt of appication; b. Where the appication is received after 3.00 pm on a Business Day with a oca cheque or demand draft payabe at par at the pace where it is received, with amount ess than Rs. 2 Lakhs (Two Lakh Rupees). - Cosing NAV of the next Business Day; c. Where the appication is received with a oca cheque or demand draft payabe at par at the pace where it is received, with amount equa to or more than Rs.2 Lakhs (Two Lakh Rupees) irrespective of the time of receipt of appication, the cosing NAV of the day on which the funds are avaiabe for utiisation sha be appicabe. For appicabiity of NAV of the Scheme with an amount equa to or more than Rs. 2 Lakhs (Two Lakh Rupees) the foowing shoud be noted : a) For aotment of Units in respect of purchase in the Scheme, the foowing needs to be compied with: i. Appication is received before the appicabe cut-off time. ii. Funds for the entire amount of subscription/purchase as per the appication are credited to the bank account of the Scheme before the cut-off time. iii.the funds are avaiabe for utiization before the cut-off time without avaiing any credit faciity whether intraday or otherwise, by the Scheme. b) For aotment of units in respect of switch-in to the Scheme from other schemes, the foowing needs to be compied with : i. Appication for switch-in is received before the appicabe cut-off time. ii. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the Scheme before the cut-off time. iii.the funds are avaiabe for utiization before the cut-off time without avaiing any credit faciity whether intraday or otherwise, by the Scheme. The above wi be appicabe ony for cheques/demand drafts/payment instruments payabe ocay in the city in which a Designated Coection Center is ocated. No outstation cheques wi be accepted. Note : For the avoidance of doubt, where appications are received for an amount of ess than Rs.2 Lakhs (Two Lakh Rupees) on a non-business Day the cosing NAV of the next Business Day sha be appicabe. (4)

7 ASBA Appication Form Aotment Date ARN Hoder / AMFI registered Distributors Business Day Business Hours Bonus unit Custodian Cut-off time For Redemption : a. Where the appication is received up to 3.00 pm on a Business Day - Cosing NAV of the day of receipt of appication; and b. Where the appication is received after 3.00 pm on a Business Day - Cosing NAV of the next Business Day. Note: In case of appications received on a Non-Business Day the cosing NAV of the next Business Day sha be appicabe. ASBA is an appication containing an authorization to a Sef Certified Syndicate Bank (SCSB) to bock the appication money in the bank account maintained with the SCSB, for subscribing to an issue. The date on which the units of Mutua Funds are aotted to the successfu appicants from time to time and incudes aotment made pursuant to the New Fund Offer. Intermediary registered with Association of Mutua Funds in India (AMFI) to carry out the business of seing and distribution of mutua fund units and having AMFI Registration Number (ARN) aotted by AMFI. A day other than 1) A Saturday or Sunday; or 2) A day on which Banks in Mumbai or the Reserve Bank of India are cosed; or 3) A day on which there is no RBI cearing/settement of securities; or 4) A day on which both the Stock Exchanges, Bombay Stock Exchange Limited and the Nationa Stock Exchange of India Limited are cosed, whether or not the banks are open; or 5) A day on which Purchase and Redemption of Units is suspended or a book cosure period is announced by the Trustee/ AMC; or 6) A day on which norma business cannot be transacted due to storms, foods, bandhs, strikes or such other events as the AMC may specify from time to time. Provided that the days when the banks in any ocation where the AMC's branch offices are ocated, are cosed due to a oca hoiday, such days wi be treated as non Business Days at such branches for the purposes of accepting fresh subscriptions. However, if the branch offices in such ocations are open on such oca hoidays, then redemption and switch requests wi be accepted at those branches, provided it is a Business Day for the Scheme on an overa basis. Business Day does not incude a day on which the Money Markets are cosed or otherwise not accessibe. The AMC reserves the right to decare any day as a Business day or otherwise at any of the Investor Service Centers of the AMC/Officia Points of Acceptance. Presenty a.m. to 5.00 p.m. on any Business Day or such other time as may be appicabe from time to time. Bonus Unit means and incudes, where the context so requires, a unit issued as fuy paid-up bonus unit by capitaizing a part of the amount standing to the credit of the account of the reserves formed or otherwise in respect of this scheme. A person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Reguations 1996, which for the time being is Stock Hoding Corporation of India Limited, Mumbai (for the securities to be hed by the Scheme). 3:00 PM on any business day. Date of Appication The date of receipt of a vaid appication compete in a respect for subscription / redemption of Units of this scheme by Shriram Mutua Fund at its various offices/branches or the designated centers of the Registrar. Depository Depository as defined in the Depositories Act, 1996 (22 of 1996). Depository Participant Derivative Dividend Distributor Entry Load Equity Reated Instruments 'Depository Participant' means a person registered as such under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, Financia contracts of pre-determined fixed duration ike stock futures/options and index futures and options whose vaues are derived from the vaue of underying primary financia instruments/factors such as: interest rates, exchange rates, commodities, and equities. Income distributed by the Mutua Fund on the Units. Such persons/firms/ companies/ corporates who fufi the criteria aid down by SEBI/AMFI from time to time and as may be appointed by the AMC to distribute/se/market the Schemes of the Fund. Entry Load means a one-time charge that the investor pays at the time of entry into the scheme. (Not Appicabe) Equity Reated Instruments incudes convertibe bonds and debentures, convertibe preference shares, warrants carrying the right to obtain equity shares, equity derivatives and any other ike instrument. Exit Load FII or Foreign Institutiona Investor "Foating Rate Debt Instruments" Foreign Securities Git/Govt. Securities Investment Management Agreement A charge paid by the investor at the time of exit from the scheme. Foreign Institutiona Investor, registered with SEBI under the Securities and Exchange Board of India (Foreign Institutiona Investors) Reguations, 1995, as amended from time to time. Foating rate debt instruments are debt securities issued by Centra and / or State Government, corporates or PSUs with interest rates that are reset periodicay. The periodicity of the interest reset coud be daiy, monthy, quartery, haf-yeary, annuay or any other periodicity that may be mutuay agreed with the issuer and the Fund. The interest on the instruments coud aso be in the nature of fixed basis points over the benchmark git yieds. ADRs / GDRs/ equity / debt securities of overseas companies isted on the recognized stock exchanges overseas or other securities as may be specified and permitted by SEBI and/or RBI from time to time. Securities created and issued by the Centra Government and/or a State Government (incuding Treasury Bis) or Government Securities as defined in the Pubic Debt Act, 1944, as amended or re-enacted from time to time. Investment Management Agreement dated 16th September 1994 entered into between the Fund (acting through the Trustee) and the AMC and as amended up to date, or as may be amended from time to time. (5)

8 Investor Lock in Period Minor Money Market Instruments NAV reated price New Fund Offer New Fund Offer Period NRI or Non-Resident Indian Officia Points of Acceptance Person of Indian Origin Reserve Bank of India [RBI] Registrar & Transfer Agent or RTA or R&T Repurchase/Redemption Scheme SAI or Statement of Additiona Information Sae or Subscription SID or Scheme Information Document The Repurchase Price cacuated on the basis of NAV and is known as the NAV reated price. The Repurchase Price is cacuated by deducting the exit oad factor (if any) from the NAV. Offer of the Units of scheme under Shriram Long Term Equity Fund during the New Fund Offer Period. The dates on or the period during which the initia subscription to Units of the Scheme can be made. New Fund Offer Period for the scheme wi be announced at the time of the aunch subject to the earier cosure, if any; such offer period not being more than 15 days. Reserve Bank of India estabished under the Reserve Bank of India Act, Computer Age Management Services Private Limited, having their registered office at New No. 10, Od No. 178, M. G. R. Saai, Nungambakkam, Chennai , registered under the SEBI (Registrar to an Issue and Share Transfer Agent) Reguations, 1993, appointed as the registrar and transfer agent for the Mutua Fund, or any other registrar that may be appointed by the AMC from time to time. Redemption of Units of the Scheme in the manner as specified in this document. Shriram Long Term Equity Fund The document issued by Shriram Mutua Fund containing detais of Shriram Mutua Fund, its constitution, and certain tax, ega and genera information. SAI is egay a part of the SID. Purchase of units in the Scheme in the manner as specified in this document. The document issued by Shriram Mutua Fund containing detais of Shriram Mutua Fund, its constitution, and certain tax, ega and genera information. SAI is egay a part of the SID. SEBI Securities and Exchange Board of India estabished under Securities and Exchange Board of India Act, SEBI (MF) Reguations Sponsor or Settor Statement of Account Investor means an Individua or a non-individua, as permitted under SEBI (MF) Reguations to invest in mutua fund schemes, making an appication for subscription or redemption of units in the Schemes of the Mutua Fund. 'Minor' means a person who has not competed the age of eighteen years under the provisions of the Indian Majority Act 1875 as amended from time to time. Commercia Papers, Commercia Bis, Treasury Bis, Government Securities having an unexpired maturity up to one year, ca or notice money, certificate of deposit, usance bis and any other ike instruments as specified by the Reserve Bank of India from time to time. The Fund or Mutua Fund Shriram Mutua Fund, a trust set up under the provisions of the Indian Trusts Act, Mutua Fund Reguations/ Reguations NAV Quaified Foreign Investor (QFI) Sae or Subscription "Stock Lending" The scheme is open for continuous redemption on a business days subject to the competion of a ock-in period of three years from the date of aotment of units, as prescribed in the ELSS guideines. It may, however, be noted that, in the event of the death of the unit hoder, the nominee or ega heir, (subject to production of requisite documentary evidence to the satisfaction of the AMC) as the case may be, sha be abe to redeem the investment ony after the competion of one year, or any time thereafter, from the date of aotment of units to the deceased unit hoder. The Trustee reserves the right to change the ock-in period prospectivey from time to time, in the event of amendment(s) in the ELSS guideines with respect to the ock-in period Securities and Exchange Board of India (Mutua Funds) Reguations, 1996, as amended up to date, and such other reguations as may be in force from time to time. Net Asset Vaue of the Units of the Scheme (incuding Pans there under) cacuated in the manner provided in this Document and as prescribed by the SEBI (Mutua Funds) Reguations, 1996 from time to time. Person resident outside India who is either a citizen of India or a Person of Indian Origin. Paces, as specified by AMC from time to time where appication for subscription / redemption / switch wi be accepted on ongoing basis. A citizen of any country other than Bangadesh or Pakistan, if (a) he at any time hed an Indian passport; or (b) he or either of his parents or any of his grandparents was a citizen of India by virtue of Constitution of India or the Citizenship Act, 1955 (57 of 1955); or (c) the person is a spouse of an Indian citizen or person referred to in sub-cause (a) or (b). A Person who is a resident in a country that is a member of Financia Action Task Force (FATF) or a member of a group which is a member of FATF; and resident in a country that is a signatory to the Internationa Organization of Securities Commissions (IOSCO) Mutiatera Memorandum Of Understanding (Appendix A signatories) or resident in a country that is a signatory to a biatera Memorandum Of Understanding with SEBI : Provided that such person is not resident in India, Provided further that such person is not registered with SEBI as Foreign Institutiona Investor or Sub-account.Expanation - For the purposes of this definition : (1) The term "Person" sha carry the same meaning under Section 2 (31) of the Income Tax Act, 1961 (2) The phrase "resident in India" sha carry the same meaning as in the Income Tax Act, 1961 (3) "Resident" in a country, other than India, sha mean resident as per the direct tax aws of that country. Purchase of units in the Scheme in the manner as specified in this document. Securities and Exchange Board of India (Mutua Funds) Reguations, 1996 for the time being in force and as amended from time to time. Shriram Credit Company Limited. A non-transferabe statement indicating the number of units hed by the investor on a particuar date. Lending of securities to another person or entity for a fixed period of time, at a negotiated compensation in order to enhance returns of the portfoio. (6)

9 Switch Tracking error Trust Deed Trustee Company/Board of Trustees Unit Unit Capita Unit hoder Redemption of a unit in any scheme (incuding the pans / options therein) of the Mutua Fund against purchase of a unit in any other open-ended scheme (incuding pans / options therein) of the Mutua Fund, subject to competion of ock-in period, if any, of the units of the scheme(s) from where the units are being switched. The extent to which the NAV of the scheme moves in a manner inconsistent with the movements of the Scheme's benchmark on any given day or over any given period of time. The Trust Deed entered into on 27th May, 1994 between the Sponsor and the Trustee, as amended up to date, or as may be amended from time to time. Board of Trustees, Shriram Mutua Fund The interest of the Unit hoder which consists of each Unit representing one undivided share in the assets of the Scheme. The aggregate face vaue of the Units issued and outstanding under the Scheme. A person hoding Unit(s) in the Scheme offered under this document. E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY It is confirmed that : i. The Scheme Information Document forwarded to SEBI is in accordance with the SEBI (Mutua Funds) Reguations, 1996 and the guideines and directives issued by SEBI from time to time. ii. A ega requirements connected with the aunching of the scheme as aso the guideines, instructions, etc., issued by the Government and any other competent authority in this behaf, have been duy compied with. iii. The discosures made in the Scheme Information Document are true, fair and adequate to enabe the investors to make a we informed decision regarding investment in the proposed scheme. iv. The intermediaries named in the Scheme Information Document and Statement of Additiona Information are registered with SEBI and their registration is vaid, as on date. v. The contents of the Scheme Information Document incuding figures, data, yieds, etc. have been checked and are factuay correct. Pace : Kokata Date : II. INFORMATION ABOUT THE SCHEME A. TYPE OF THE SCHEME An open ended equity inked saving scheme with a statutory ock in of 3 years and tax benefit For Shriram Asset Management Company Limited Sd/- Name : Tanmoy Sengupta Compiance Officer B. INVESTMENT OBJECTIVE OF THE SCHEME The primary investment objective of the Scheme is to generate income and ong-term capita appreciation from a diversified portfoio of predominanty equity and equity-reated securities and enabe investors to avai the income tax rebate, as permitted from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme wi be achieved. The Scheme does not assure or guarantee any returns. C. ASSET ALLOCATION PATTERN Under norma circumstances, the anticipated asset aocation pattern of the Scheme woud be as under: A. Equity and Equity Reated Securities # B. Debt & Money Market Instruments # # incuding Derivative instruments. #Debt securities sha be deemed to incude securitised debts (excuding foreign securitised debt) and investment in securitised debts sha not exceed 50% of the debt component of the Scheme. Investments may be made in foreign debt securities not exceeding 20% of the debt component of the Scheme. However, investments made in foreign debt securities woud not incude investment in foreign securitised debt. A investments in foreign securities sha adhere to SEBI circuar SEBI/IMD/CIR No.7/104753/07 dated September 26, 2007 and amendments thereto. Investments may be made in GDRs/ADRs not exceeding 20% of the net assets scheme. The above percentages wi be reckoned at the time of investment and the above aocation is based on a steady state situation. Presenty the AMC does not have approva to invest in foreign securities. It wi take the necessary approvas from SEBI & RBI before commencing investments in foreign securities. Investment in Derivatives up to 50% of the net assets of the Scheme. Investment in derivatives sha be for hedging, portfoio baancing or any other purposes as maybe permitted by SEBI from time to time. In terms of SEBI Circuar no. SEBI/IMD/CIR18/198647/2010 dated March 15, 2010; the mutua fund /AMC sha make investment out of the NFO proceeds ony on or after the cosure of the NFO period. The Fund sha not take any everaged position. The cumuative gross exposure through debt and derivatives position sha not exceed 100% of the net assets of the scheme. Investment & Discosure in the derivatives wi be in ine with SEBI Circuar no Cir/IMD/DF/11/2010 dated August 18, The Scheme retains the fexibiity to invest across a the securities in the Equity and Equity reated instruments, Debt and Money Market Instruments. The Scheme may aso invest in units of debt and iquid mutua fund schemes. As per investment restrictions specified in the Seventh schedue of SEBI (Mutua Fund) Reguations, 1996, the Scheme may invest in other schemes of the Mutua Fund or any other mutua fund without charging any fees, provided the aggregate inter-scheme investment made by a the schemes under the same management or in schemes under the management of any (7) Indicative Aocation Minimum Maximum 80% 100% 0% 20% Risk Profie Medium to High Low