FACT ST. Aashish P Somaiyaa MD & CEO

Transcription

1 RST BR ST ST BR FACT ST SHEET BR ST BR ST January Aashish P Somaiyaa MD & CEO Motilal Oswal group being in equities since 1987 and most of us out here being in the markets for over 20 years understand this is the basic nature of capital markets; there are many up years and every once in a while there are down years. But we are humans and h e n c e h a v i n g a f u l l understanding of how markets work is still not enough while we actually live through the down years b e c a u s e i t ' s t h e p s y c h o l o g i c a l a n d behavioural impact to situations that matters. Dear Investors and my dear advisor friends; 2019 We are coming to the end of a difficult year; I d say more like the end of a difficult year and a half or last two years. I say difficult year because the profession of managing other people s money can be very stressful through the years when clients see deprecia on in their investment values or see a downward averaging of returns on the wealth built up in past years. Mo lal Oswal group being in equi es since 1987 and most of us out here being in the markets for over 30 years understand this is the basic nature of capital markets; there are many up years and every once in a while there are down years. But we are humans and hence having a full understanding of how markets work is s ll not enough while we actually live through the down years because it s the psychological and behavioural impact on situa ons that ma er. It s the end of an even ul year and hence to gain perspec ve on what I am saying I urge you to spare some me and review the communica ons we have made since the year started. January started with h ps:// laloswalmf.com/blogs/ceo-speak/in-your-shoes/79; and the most relevant extract of the communica on is reproduced below. Quote begins: If you have been invested for long expec ng teen returns from equi es and the recent past average has been pulled way above, stay the course with your SIPs and your asset alloca ons but all the same, do consider taking the excess off the table. If you are underinvested and you need to correct your exposure, you cannot do it overnight; draw out a plan over me to gradually correct the asset alloca on. Asset alloca on is far more strategic than merely over-weigh ng the asset which did the best in the last couple of years by underweigh ng what has not done as well. End of Quote. O u r n o t e i n F e b r u a r y w a s a b o u t t h e b u d g e t a n d i t s i m p l i c a o n s h ps:// laloswalmf.com/blogs/ceo-speak/update-on-markets-and-budgetimplica ons/80; and an explana on of underperformance. Quote begins: In the last months we have received concerns rela ng to underperformance vis-à-vis benchmark indices which was due to high-quality, high growth focus por olio whereas in the market high beta, cheap, contrarian, cyclical and deep value ideas like PSU Banks, Metals, Telecom, Real Estate etc. have been flying. From our investors perspec ve, this huge beta correc on in indices would eventually ensure we close the underperformance and start gaining alpha because whatever the budget has done is beneficial to our por olio posi ons Lastly on the markets, our past experience shows that whenever the market corrects due to global concerns and Foreign Investors (FII) selling, eventually when the dust se les they buy back more than what they sold because the impact of global events on domes cally oriented Indian companies is very limited and if at all, its short term. Our por olio strategies are typically 0-70% domes c economy centric. End of quote. This was followed by a series of updates through the difficult parts of the year including an interes ng podcast exposi on of our inves ng philosophy and a couple of media interviews (all of which you can check out here h ps:// laloswalmf.com/blogs/ceo-speak; rounded of by the last one h ps:// laloswalmf.com/blogs/ceo-speak/why-youshould-remain-invested/107; and the relevant extract is reproduced below: Quote begins: In all our funds we remain commi ed to our QGLP philosophy, and broadly the por olio construct has not changed much over last year. We expect the por olios to deliver superior ROE and earnings growth and this coupled with the sharp price correc on recently leads to an a rac ve valua on. We also believe that the sector rota on issue in the market is

2 RST BR ST RST RST BRS BRS transitory and high-quality high growth companies will be rewarded sooner than later especially with the commencement of a new result season and market likely to become more discerning of quality a er this hard knock. If good stocks represen ng marquee companies have fallen 40% and some of the junk has fallen 50-0%, once the dust se les it s the quality that will find takers. I am happy to tell you that the expecta ons from the last CEO speak are playing out as expected and all our mutual fund schemes and PMS por olios over the last 2-3 months have turned the corner, and there are significant sharp bouncebacks in the por olio values from the bo om of September. Going ahead, we expect the trajectory to sustain and clearly 2019 is set to be much be er than 2018 for the markets. Let me explain. The last week has been quite even ul with the resigna on of the Governor of RBI. One of the most crucial func onaries of our economic management deciding to resign amidst what is widely reported to be a conflict with the Government is clearly not a good development for the percep on of our central bank and its independence. That explains all the nega ve press around the event and the fear of FPIs exi ng our markets in hoards and resultant bloodbath in markets. Except, nothing of the kind happened even though the situa on was further aggravated the next morning with news of the ruling party losing three states to the largest opposi on party. While it is the role of the media to give us the latest News, it behoves us to place an incremental piece of news in the context of developments thus far and evaluate how things may shape up. While the current discourse has been around the exit of the RBI Governor, somewhere it got lost in conversa ons that the same sources of news over the last one year have been ci ng serious disconnect between the markets and the RBI policy, the very high level of real interest rates, consistent undershoo ng of infla on as compared to RBI s expressed fears etc.. Few sample links of such observa ons in the media are appended below, and a cursory google search on the topic will yield many more. h ps://economic mes.india mes.com/news/economy/indicators/october-infla on-print-ques ons-credibility-of-rbi-forecas ngsbi-report/ar cleshow/591.cms h ps:// on-forecasts-right.html h ps:// h ps:// It is not my case to make commentary on the rights and wrongs of RBI pronouncements but purely as a market observer a emp ng to decipher what the market behaviour is telling us and what it could mean from hereon. One of the biggest conundrums of the last 3-4 years has been that one was not able to figure where we are in the cycle. We never saw cyclical downturn when it was feared, and we aren t witnessing a much-an cipated upturn; too many mixed signals coupled with disrup ve changes by the Government. Part of the reason also is the lack of direc on on interest rates and consistent undershoo ng of infla on which has been going against the very reason for holding rates high, not to forget the complexity offered by US interest rates and the overall global scenario. While the jury is out on the long-term implica ons and a er effects of impending policy ac ons likely to emerge out of this change at RBI, at least in the near term one may finally hope to witness expansionary policy engendering a cyclical upturn over the next months. With a change of guard at least in the near to mid-term one can expect a reduc on in rates, be er liquidity and a credit push priming economic growth. Finally, we are likely to see a growth cycle with corporate earnings reviving. With some lag effect we may again see infla onary pressures and rising rates and cycle peaking out but that s some way off, for now, we are likely to witness a huge expansionary push and possibly a strong pre-elec on rally. The state elec on event is over; the results are not as onesided as they are made out to be and everyone expects state elec ons and general elec ons to play out differently, it s been that way all along in history. Further, I expect FPI flows to be reasonably strong in all past instances where oil has played truant, and the rupee has declined , , with some lag effect FPIs have been big buyers in our markets. The US and a good part of developed markets have witnessed a mul -year rally and hence flows to emerging markets have been poor. With the developed markets likely topping out some me around the corner, alloca on to emerging markets especially like India is likely to rise. It may sound contrary to normal discourse, but I would s ck my neck out at this juncture and tell all fence si ers and gradual investors to jump in. Before doing so, please consult your financial advisor to assess your risk profile and investment goals. Yours Sincerely, Aashish P. Somaiyaa (MD & CEO Mo lal Oswal AMC)

3 RST BR ST RST RST BRS BRS Motilal Oswal Focused 25 Fund (MOF25) (An open ended equity scheme investing in maximum 25 stocks intending to focus on Large Cap stocks) The investment objective of the is to achieve long term capital appreciation by investing in up to 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Focused Fund intending to invest in large cap stocks Minimum Application Amount : ` 500/- and in multiples of `1 /- thereafter. Additional Application Amount : ` 500/- and in multiples of `1/- thereafter. Entry Load: Nil Exit Load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between MOF25, MOF30, MOF35, MOFEH & MOFDYNAMIC. No Load for switch between Options within the 13-May-2013 Growth Option : ` Dividend Option : ` Growth Option : ` Dividend Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.85 Portfolio Turnover Ratio 0.39 Tracking Error* 7.51% (Annualised) Standard Deviation (Annualised) Sharpe Ratio# 0.17(Annualised) R-Squared 0.74 *Against the benchmark Index. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund and Co-Fund Manager For Equity Component Mr. Siddharth Bothra Managing this fund since 23-Nov-201 He has a rich experience of more than 17 years Mr. Gautam Sinha Roy Co-managing this fund since 2-Dec-201 He has close to 15 years of experience For Debt Component since Inception Dividend History Record Date 01-Jan Mar Mar-2018 Dividend Cum Dividend Ex Dividend perunit (`) Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. Date of inception: 13-May-13. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option. Different plans have different expense structure. = Mr. Siddharth Bothra is the Fund Manager for equity component since 23-Nov-201; = Mr. Gautam Sinha Roy is the Co-Fund Manager for equity component since 2- Dec- 201 and is the Fund Manager for debt component since inception. The performance of the s managed by them are on page no. 2,3, 4, 5 and SIP Invested Amount Market Value Returns () % * Also represents additional benchmark For SIP returns, monthly investment /- invested on the 1st day of every month has been considered. Performance is for Growth Option. Past performance may or may not be sustained in the future. Nifty ,000 BSE Sensex * 11, , , , ,2 43,498 72, , , , , , Industry classification as recommended by AMFI 5 Year Nifty 50 30,000 BSE Sensex * Sr. No. Scrip Weightage 1 HDFC Bank Ltd. 2 Kotak Mahindra Bank Ltd. 3 Maruti Suzuki India Ltd ICICI Lombard General Insurance Company Ltd. HDFC Ltd. ABB India Ltd. 9 Eicher Motors Ltd. 10 Larsen & Toubro Ltd , , () , , BSE Sensex (Additional ) (`) Per Unit ( : as on 31-Dec-2018) Finance Banks Software Auto Pharmaceuticals Transportation Industrial Capital Goods Construction Project Consumer Non Durables Consumer Durables Commercial Services Cement Petroleum Products Investor Insights Particular Average age of Investor (in years) Live SIPs AUM from SIPs 43 3, Crs New SIP registration Nov Average monthly SIP instalment ` 4,043 No. of Folios 55,502 Folio where Investors have never redeemed (Folio Count) 47,731 No. of locations from which inflow is received (Unique PinCodes) 2,232 Top 5% stocks to Top 10% stocks to 3.87% 3.85% 2.23% 2.14% 1.82% 7.49% 5.74% 5.02% 2.82% Cash & Equivalent 4.98% , , % 9.9% Investors Behavioural Analysis % 33.51% 5.89% 22.7% Maximum Average % times negative returns % times returns are in excess of 7% % times returns are in excess of 15% Rolling Returns 5 Year Nifty 50 00,000 BSE Sensex * 19,885 18,342 18, HDFC Standard Life Insurance Company Ltd. Tata Consultancy Services Ltd Since Inception Minimum Year Investor Age Bucket 1-30 Years Years Years > 75 years Not Available Since Inception Nifty 50 70,000 20,71 19,535 19, BSE Sensex * Year Grand 9,10 2,949 12,91, ,502 The above table depicts the daily rolling returns for Growth Option on compounded annualized basis from inception to 1 year, 3 year & 5 year periods. It provides the maximum, minimum and average returns derived for all these time periods. number of time periods: 1year-1084; 3years-592; 5year-9. The above chart is provided for illustration purpose only. Motilal Oswal AMC does not provide any guarantee/ assurance any minimum or maximum returns. Past performance may or may not be sustained in future 1

4 RST BR ST RST RST Motilal Oswal Midcap 30 Fund (MOF30) (Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks) BRS BRS The investment objective of the is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Midcap Fund Nifty Midcap 100 Minimum Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Additional Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Entry Load: Nil Exit Load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between MOF25, MOF30, MOF35, MOFEH & MOFDYNAMIC. No Load for switch between Options within the 24-Feb-2014 Growth Option : ` Dividend Option : ` Growth Option : ` Dividend Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.78 Portfolio Turnover Ratio 0.99 Tracking Error* 8.47% (Annualised) Standard Deviation 1.5 (Annualised) Sharpe Ratio# (Annualised) R-Squared 0.80 *Against the benchmark Nifty Midcap 100. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund and Associate Fund Manager For Equity Component Mr. Akash Singhania Managing this fund since 28-Jul-2017 He has overall 13 years of experience Mr. Niket Shah He has been appointed as Associate Fund Manager since March 1, 2018 He has overall 9 years of experience For Debt Component since Inception Dividend History Record Date 19-Feb Mar Mar-2018 Dividend Cum Dividend Ex Dividend per Unit (`) Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. (`) Per Unit ( : as on 31-Dec-2018) Date of inception: 24-Feb-14. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option. Different plans have different expense structure. = Mr. Akash Singhania is the Fund Manager for equity component since 28-Jul-2017; Mr. Niket Shah is the Associate Fund Manager since March 1, 2018 and is the Fund Manager for debt component since 24-Feb = The performance of the s are on page no. 1, 3, 4, 5, and. The scheme has been in existence for less than 5 years. SIP Invested Amount Market Value Returns () % * Also represents additional benchmark For SIP returns, monthly investment of ` 10000/- invested on the 1st day of every month has been considered. Performance is for Growth Option. Past performance may or may not be sustained in the future. Auto Ancillaries Banks Finance Industrial Products Construction Project Software Consumer Durables Pharmaceuticals Consumer Non Durables Cement Commercial Services Auto Cash & Equivalent 3.9% 2.90% 2.75% 1.75% 4.34% 4.1% 5.02% 4.54% 5.79%.99% 1.42% 22.35% 19.31% Industry classification as recommended by AMFI Since Inception Nifty Midcap Nifty Midcap 100 () (Additional ) 4.4 Investor Insights Particular Average age of Investor (in years) Live SIPs AUM from SIPs New SIP registration Nov 2018 Average monthly SIP instalment No. of Folios Folio where Investors have never redeemed (Folio Count) No. of locations from which inflow is received (Unique PinCodes) Top 5% stocks to Top 10% stocks to * Since Inception of Sr. No. Scrip Weightage 1 Bajaj Finance Ltd. 2 RBL Bank Ltd. 3 City Union Bank Ltd. 4 AU Small Finance Bank Ltd. 5 Exide Industries Ltd. Nifty Midcap 100 Astral Poly Technik Ltd. 7 Voltas Ltd. * 8 Eris Lifesciences Ltd. 9 Endurance Technologies Ltd. 10 Sundram Fasteners Ltd Nifty Midcap ,000 30, ,000 * 115, , , , , ,1 710, , ,088 Investors Behavioural Analysis , Crs 349 ` 3,854 53,270 44,580 2, The above table depicts the daily rolling returns for Growth Option on compounded annualized basis from inception to 1 year & 3 year periods. It provides the maximum, minimum and average returns derived for all these time periods. number of time periods: 1year-892; 3years-39. The above chart is provided for illustration purpose only. Motilal Oswal AMC does not provide any guarantee/ assurance any minimum or maximum returns. Past performance may or may not be sustained in future 8,730 8,540 10,44 of.29 12, , Rolling Returns Maximum Average % times negative returns % times returns are in excess of 7% % times returns are in excess of 15% 14, Minimum Investor Age Bucket 1-30 Years Years Years > 75 years Not Available of ,434 24,529 18, Nifty Midcap 100 Index Grand 8,284 27,382 10,72, ,270 2

5 RST BR ST RST RST BRS BRS Motilal Oswal Multicap 35 Fund (MOF35) (Multi Cap Fund - An open ended equity scheme investing across large cap, mid cap, small cap stocks) The investment objective of the is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market-capitalization levels. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Multicap Fund 0 Minimum Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Additional Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Entry Load: Nil Exit Load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between MOF25, MOF30, MOF35, MOFEH & MOFDYNAMIC. No Load for switch between Options within the 28-Apr-2014 Growth Option : ` Dividend Option : ` Growth Option : ` Dividend Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.92 Portfolio Turnover Ratio 0.25 Tracking Error*.81% (Annualised) Standard Deviation (Annualised) Sharpe Ratio# 0.38 (Annualised) R-Squared 0.81 *Against the benchmark 0. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund and Associate Fund Manager For Equity Component Mr. Gautam Sinha Roy Managing this fund since 5-May-2014 He has close to 15 years of experience Ms. Snigdha Sharma Associate Fund Manager for this fund since 23-Jul She has rich and diverse experience of 10 years. For Debt Component since Inception Foreign Securities Mr. Swapnil Mayekar Managing since 10-Aug-2015 Dividend History Record Date 30-June March-2018 Dividend Cum Dividend per Unit (`) Ex Dividend Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. (`) Per Unit ( as on 31-Dec-2018) Date of inception: 28-Apr-14. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option. Different plans have different expense structure.=mr. Gautam Sinha Roy is the Fund Manager for equity component since 5-May-2014; = Ms. Snigdha Sharma has been appointed Associate Fund Manager of the Motilal Oswal Multicap 35 Fund (MOF35) vide addendum dated August 1, 2018 w.e.f. July 23, 2018, is the Fund Manager for debt component since 28-Apr-2014 and Mr. Swapnil Mayekar for Foreign Securities since 10-Aug The performance of the s managed by them are on page no. 1,2,4,5 and = The scheme has been in existence for less than 5 years. SIP Invested Amount Market Value Returns () % * Also represents additional benchmark For SIP returns, monthly investment of ` 10000/- invested on the 1st day of every month has been considered. Performance is for Growth Option. Past performance may or may not be sustained in the future. Industry classification as recommended by AMFI Since Inception () (Additional ) 4.4 Finance Banks Software Auto Consumer Non Durables Pharmaceuticals Petroleum Products Construction Project Gas Consumer Durables Transportation Cash & Equivalent Investor Insights Particular Average age of Investor (in years) Live SIPs AUM from SIP New SIP registration Nov 2018 Average monthly SIP Instalment No. of Folios Folio where Investors have never redeemed (Folio Count) No. of locations from which inflow is received (Unique PinCodes) Top 5% stocks to Top 10% stocks to * Since Inception of Sr. No. Scrip Weightage 1 HDFC Bank Ltd. 2 HDFC Ltd. 3 Infosys Ltd. 4 Larsen & Toubro Ltd. 5 Maruti Suzuki India Ltd. 0 IndusInd Bank Ltd. 7 Tata Consultancy Services Ltd. 8 Bajaj Finance Ltd. 9 Eicher Motors Ltd. 10 United Spirits Ltd. * ,000 30,000 50,000 * 115, , , , , ,1 747,45 710,42 711, % 2.52% 0.35% 5.41% 4.82% 7.28% 7.00% 5.90% 13.08% 11.07% 20.28% Investors Behavioural Analysis 22.28% 43 3,49, Crs 4,85 ` 4,344 5,8,35 4,98,23 11, % 5.5% The above table depicts the daily rolling returns for Growth Option on compounded annualized basis from inception to 1 year & 3 year periods. It provides the maximum, minimum and average returns derived for all these time periods. number of time periods: 1year-850; 3years-354. The above chart is provided for illustration purpose only. Motilal Oswal AMC does not provide any guarantee/ assurance any minimum or maximum returns. Past performance may or may not be sustained in future 9,215 9,78 10,44 of , , Rolling Returns Maximum Average % times negative returns % times returns are in excess of 7% % times returns are in excess of 15% 14, Minimum Investor Age Bucket 1-30 Years Years Years > 75 years Not Available 9.08 of ,133 18,220 17, Grand 1,14,054 2,95,7 1,15,77 42, ,8,35 3

6 RST BR ST RST RST BRS BRS Motilal Oswal Long Term Equity Fund (MOFLTE) (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) The investment objective of the is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the would be achieved. ELSS 0 Minimum Application Amount: ` 500/- and in multiples of ` 500/- thereafter. Additional Purchase: ` 500/- and in multiples of ` 500/- thereafter. Nil 21-Jan-2015 Growth Option : ` Dividend Option : ` Growth Option : ` Dividend Option : ` Monthly AAUM ` 1,135.7 (` cr) Latest AUM (31-Dec-2018) ` 1, (` cr) Beta 0.85 Portfolio Turnover Ratio Tracking Error*.48% (Annualised) Standard Deviation (Annualised) Sharpe Ratio# 0.50 (Annualised) R-Squared 0.81 *Against the benchmark 0. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund and Associate Fund Manager For Equity Component Mr. Gautam Sinha Roy Managing this fund since inception He has close to 15 years of experience Ms. Snigdha Sharma Associate Fund Manager for this fund since 23-Jul She has rich and diverse experience of 10 years. For Debt Component since Inception Dividend History Record Date 24-March February March-2018 Dividend Cum Dividend Ex Dividend per Unit (`) Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. (`) Per Unit (1.589 as on 30-Dec-2018) Date of inception: 21-Jan-15. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth Option. Different plans have different expense structure. = Mr. Gautam Sinha Roy is the Fund Manager for equity component since inception; = Ms. Snigdha Sharma has been appointed Associate Fund Manager of the Motilal Oswal Long Term Equity Fund (MOFLTE) vide addendum dated August 1, 2018 w.e.f. July 23, 2018 and is the Fund Manager for debt component since inception. The performance of the s managed by them are on page no. 1, 2, 3, 5 and = The scheme has been in existence for less than 5 years. SIP Invested Amount Market Value Returns () % * Also represents additional benchmark For SIP returns, monthly investment of ` 10000/- invested on the 1st day of every month has been considered. Performance is for Growth Option. Past performance may or may not be sustained in the future. Industry classification as recommended by AMFI Since Inception () (Additional ) 4.4 Finance Banks Software Auto Construction Projects Pharmaceuticals Petroleum Products Gas Auto Ancillaries Consumer Non Durables Commercial Services Consumer Durables Industrial Products Transportation Cash & Equivalent * Since Inception of Sr. No. Scrip Weightage 1 HDFC Bank Ltd. 2 Infosys Ltd. 3 HDFC Ltd. 4 Larsen & Toubro Ltd. 5 IndusInd Bank Ltd. 7 Eicher Motors Ltd. 8 Maruti Suzuki India Ltd. 9 Max Financial Services Ltd * Bajaj Finance Ltd. Eris Lifesciences Ltd ,000 30, ,000 * 113,30 118, , , , ,59 579, , , % Investor Insights 3.44% 3.38% 2.34% 2.15% 1.89% 1.24% 3.9% 3.98% 8.23%.4% Particular Average age of Investor (in years) Live SIPs AUM from SIPs New SIP registration Nov 2018 Average monthly SIP Instalment No. of Folios Folio where Investors have never redeemed (Folio Count) No. of locations from which inflow is received (Unique PinCodes) Top 5% stocks to Top 10% stocks to 9.59% 12.97% 17.38% Investors Behavioural Analysis 22.29% 42 3, Crs 2,184 ` 3,18 1,59,084 1,5,273 4, % 52.9% The above table depicts the daily rolling returns for Growth Option on compounded annualized basis from inception to 1 year period. It provides the maximum, minimum and average returns derived for all these time periods. number of time periods: 1year-; 3year-11; The above chart is provided for illustration purpose only. Motilal Oswal AMC does not provide any guarantee/ assurance any minimum or maximum returns. Past performance may or may not be sustained in future 9,127 9,78 10,44 of , , Rolling Returns Maximum Average % times negative returns % times returns are in excess of 7% % times returns are in excess of 15% 14, Minimum Investor Age Bucket 1-30 Years Years Years > 75 years Not Available of ,590 13,542 13, Grand 47,54 9,592 28,40 13, ,59,084 4

7 RST BR ST RST RST BRS BRS Motilal Oswal Dynamic Fund (MOFDYNAMIC) (An open ended dynamic asset allocation fund) The investment objective is to generate long term capital appreciation by investing in equity and equity related instruments including equity derivatives, debt, money market instruments and units issued by REITs and InvITs. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Dynamic Asset Allocation CRISIL Hybrid Aggressive Minimum Application Amount : ` 500/- and in multiples of ` 1/- thereafter. Additional Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Entry Load: Nil Exit Load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between MOF25, MOF30, MOF35, MOFEH & MOFDYNAMIC. No Load for switch between Options within the 27-Sep-201 Growth Option : ` Quarterly Dividend Option : ` Annual Dividend Option : ` Growth Option : ` Quarterly Dividend Option : ` Annual Dividend Option : ` Monthly AAUM ` 1, (` cr) Latest AUM (31-Dec-2018) ` 1, (`cr) Portfolio Turnover Ratio 3.54 Fund and Associate Fund Manager For Equity Component Mr. Gautam Sinha Roy Managing this fund since 23-Nov-201 He has close to 15 years of experience Ms. Snigdha Sharma Associate Fund Manager for this fund since 23-Jul She has rich and diverse experience of 10 years. For Debt Component since Inception Dividend History Record Date Dividend Cum Dividend Ex Dividend per Unit (`) Quarterly Dividend () 30-Apr Jul Oct Quarterly Dividend () 30-Apr Jul Oct Annual Dividend( ) 23-Oct Mar Annual Dividend( ) 23-Oct Mar Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. Quantitative Indicators Average Maturity YTM Portfolio Modified Duration 1.1 Yrs 8.92% yrs (`) Per Unit (11.913: as on 31-Dec-2018) Date of inception: 27-Sep-201 = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth Option. Different plans have different expense structure. = Mr. Gautam Sinha Roy is the Fund Manager for equity component since 23-Nov-201; = Ms. Snigdha Sharma has been appointed Associate Fund Manager of the Motilal Oswal Dynamic Fund (MOFDYANAMIC) vide addendum dated August 1, 2018 w.e.f. July 23, 2018 and is the Fund Manager for debt component since inception. The performance of the s managed by them are on page no. 1,2,3, 4 and. = The scheme has been in existence for less than 3 years SIP Invested Amount Since Inception * Also represents additional benchmark For SIP returns, monthly investment of ` 10000/- invested on the 1st day of every month has been considered. Performance is for Growth Option. Past performance may or may not be sustained in the future CRISIL Hybrid Aggressive () 2.84 (Additional ) 4.4 Market Value Returns () % CRISIL Hybrid Aggressive Index * Industry classification as recommended by AMFI Allocation Instrument Name Equity Bonds and NCDs Fixed Deposit Derivatives CBLO / Reverse Repo Investments Cash & Cash Equivalents Finance Banks Consumer Non Durables Software Auto Consumer Durables Construction Project Pharmaceuticals Gas Petroleum Products Auto Ancillaries Construction Commercial Services Industrial Products 1.23% 1.09% 0.05% Since Inception of Investment CRISIL Hybrid Aggressive Index 120, ,000 * Sr. No. Scrip Weightage 1 HDFC Ltd. 2 Bajaj Finance Ltd. 3 United Spirits Ltd. 4 HDFC Bank Ltd. 5 Infosys Ltd. 9,91 10,284 10, Titan Company Ltd. 7 Max Financial Services Ltd. 8 IndusInd Bank Ltd. 9 Petronet LNG Ltd. 10 Larsen & Toubro Ltd of Investment 11,91 12,291 12, , , , , , , % 2.5% 2.42% 1.90% 1.25% % % 3.48%.75% 9.84% 7.21% Weightage% Investors Behavioural Analysis 22.39% Investor Insights Particular Average age of Investor (in years) Live SIPs AUM from SIPs New SIP registration Nov 2018 Average monthly SIP instalment No. of Folios Folio where Investors have never redeemed (Folio Count) No. of locations from which inflow is received (Unique PinCodes) Top 5% stocks to Top 10% stocks to Investor Age Bucket 1-30 Years Years Years > 75 years Not Available , Crs 98 ` 5,40 4,754 Grand 5,79 19,947 1,259 4, ,754 42, % 44.24% 5

8 RST BR ST RST RST BRS BRS Motilal Oswal Equity Hybrid Fund (MOFEH) (An open ended hybrid scheme investing predominantly in equity and equity related instruments) The investment objective is to generate equity linked returns by investing in a combined portfolio of equity and equity related instruments, debt, money market instruments and units issued by Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs). Aggressive Hybrid Fund CRISIL Hybrid Aggressive Minimum Application Amount : ` 500/- and in multiples of ` 1/- thereafter. Additional Application Amount: ` 500/- and in multiples of ` 1/- thereafter. Entry Load: Nil Exit Load: 1% - If redeemed on or before 15 days from the date of allotment. Nil - If redeemed after 15 days from the date of allotment. A switch-out or a withdrawal shall also be subjected to the Exit Load like any Redemption. No Exit Load applies for switch between MOF25, MOF30, MOF35, MOFEH & MOFDYNAMIC. No Load for switch between Options within the 14-Sep-2018 Growth Option : ` 128 Growth Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (`cr) Portfolio Turnover Ratio 0.08 Fund and Co-Fund Manager For Equity Component Mr. Siddharth Bothra He is managing this fund since inception. He has close to 17 years of experience Mr. Akash Singhania He is managing this fund since inception. He has close to 13 years of experience For Debt Component since Inception Quantitative Indicators Average Maturity YTM 81 days/0.22 yrs.75% Sr. No Allocation Instrument Name Equity Sovereign Debt (Treasury Bills) CBLO / Reverse Repo Investments Cash & Cash Equivalents Security HDFC Bank Ltd. Weightage% Weightage% Kotak Mahindra Bank Ltd ICICI Lombard General Insurance Company Ltd Maruti Suzuki India Ltd HDFC Standard Life Insurance Company Ltd. 3.7 HDFC Ltd Abbott India Ltd Larsen & Toubro Ltd ICICI Bank Ltd Eicher Motors Ltd Sovereign Debt Banks Finance Software Auto Pharmaceuticals Consumer Non-Durables Construction Projects Transportation Petroleum Products Auto Ancillaries Industrial Capital Goods Consumer Durables Commercial Services 4.32% 3.12% 2.97% 2.11% 1.92% 1.83% 0.73% 1.75%.91% 5.34% 7.41% Industry classification as recommended by AMFI 14.19% 14.0% %

9 RST BR ST RST RST BRS BRS Motilal Oswal Ultra Short Term Fund (MOFUSTF) (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay# duration of the portfolio is between 3 months and months) The investment objective of the is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Catagory Ultra Short Duration Fund CRISIL Ultra Short Term Debt Minimum Application Amount : ` 500/- and in multiples of `1/- thereafter. Additional Application Amount : ` 500/- and in multiples of `1/- thereafter. Normally within 1 Business day from Nil -Sep-2013 Growth Option - Daily Dividend Option - Weekly Dividend Option - Fortnightly Dividend Option - Monthly Dividend Option - Quarterly Dividend Option Growth Option Growth - Daily Dividend Option Monthly AAUM Latest AUM (31-Dec-2018) Fund Manager Managing this fund since inception He has over 10 years of experience Dividend History ` (` cr) ` (` cr) Record Date Dividend Cum Dividend Ex Dividend per Unit (`) Quarterly Dividend () 29-Dec Apr Jun Quarterly Dividend () 29-Dec Apr Jun Monthly Dividend () 29-Jun Jul Aug Monthly Dividend () 29-Jun Jul Aug-2018 : ` : ` : ` : ` : ` : ` : ` : ` Growth - Weekly Dividend Option : ` Growth - Fortnightly Dividend Option : ` Growth - Monthly Dividend Option : ` Growth - Quarterly Dividend Option : ` Pursuant to payment of dividend, per unit will fall to the extent of the dividend payout and statutory levy (if applicable). Face value ` 10/-. Past performance may or may not be sustained in future. Quantitative Indicators Average Maturity YTM 51.5 days/0.14 yrs.5% *For Motilal Oswal Ultra Short Term Fund Modified Duration is equal to its Average maturity Date of inception: -Sep = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option. Different plans have different expense structure. = is the Fund Manager since -Sep The performance of the s managed by him are on page no. 1,2,3,4 and 5 Holdings in Commercial Paper (CP) Sr. No. 1 2 Rating Rating CRISIL A1+ Security HDFC Ltd. Cash and Cash Equivalent % to Net Assets Weightage Infrastructure Leasing & Financial Ltd. Holdings in Certificate of Deposit (CD) Sr. No. 1 2 Security National Bank for Agriculture and Rural Development #please refer to page no.21 of SID of MOFUSTF 5 Year Weightage Axis Bank Ltd , , CRISIL Ultra Short Term Debt () CRISIL Liquifex (Additional ) (`) Per Unit ( as on 31-Dec-2018) , , , , ,825 14,784 14, Since Inception ,149 15,312 15,

10 RST BR ST RST RST The investment objective of the is to generate optimal returns with high liquidity to the investors through a portfolio of money market securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. Liquid Fund CRISIL Liquid Fund Index Minimum Application Amount: Rs 500/- and in multiples of Rs 1/- thereafter. Additional Application Amount: Rs 500/- and in multiples of Rs 1/- thereafter. RST BR ST RST RST Motilal Oswal Liquid Fund (MOFLF) Portfolio Company (An open ended liquid fund) For Liquid Fund, Modified Duration is equal to its Average BRS BRS Motilal Oswal Nasdaq 100 Fund of Fund (MOFN100FOF) (An open ended fund of fund scheme investing in Motilal Oswal Nasdaq 100 ETF) BRS BRS % to Net Assets CBLO / Reverse Repo Investments CBLO / Reverse Repo Investments Cash & Cash Equivalent acceptance of redemption request Growth Option Growth Option Fund Manager : ` : ` Monthly AAUM Latest AUM (31-Dec-2018) Managing this fund since inception. He has over 10 years of experience Nil `.09 (` cr) ` (` cr) Dec-2018 Quantitative Indicators Average Maturity YTM maturity 1 day/274 yrs.45% The investment objective of the is to seek returns by investing in units of Motilal Oswal Nasdaq 100 ETF. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Domestic FOF NASDAQ-100 Index Minimum Application Amount : ` 500/- and in multiples of `1/- thereafter. Additional Application Amount : ` 500/- and in multiples of `1/- thereafter. Portfolio Company CBLO / Reverse Repo Investments Cash & Cash Equivalent % to Net Assets Motilal Oswal Nasdaq ETF Fund 9.98 acceptance of redemption request Growth Option Growth Option Fund Manager : ` : ` Monthly AAUM Latest AUM (31-Dec-2018) Mr. Ashish Agrawal He is managing this fund since inception. He has 13 years of rich exprience. For Debt Component since Inception Nil ` 18.9 (` cr) ` 20.5 (` cr) Nov-2018 Investors are requested to note that they will be bearing the recurring expenses of the fund of funds scheme, in addition to the expenses of underlying scheme in which the fund of funds scheme makes investments. 8

11 RST BR ST RST RST Motilal Oswal M50 ETF (MOFM50) (An open ended scheme replicating/tracking Index) BRS BRS The seeks investment return that corresponds (before fees and expenses) generally to the performance of the Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Catagory ETF On NSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 25,000 units and in multiples thereof. 28-Jul-2010 Growth Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.97 Portfolio Turnover Ratio 0.0 Tracking Error* 0.22% (Annualised) Standard Deviation 14.35% (Annualised) Sharpe Ratio# 0.32 (Annualised) R-Squared 1.00 *Against the benchmark Index. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund Manager 4.14 () BSE Sensex (Additional ) Per Unit ( : as on 31-Dec-2018) Banks Software Petroleum Products Finance Consumer Non Durables Auto Construction Project Pharmaceutical Power Cement Non - Ferrous Metals Ferrous Metals Oil Telecom - Services Minerals/Mining Consumer Durables Gas Transportation Pesticides Media & Entertainment Telecom - Equipment & Accessories Cash & Equivalent 4.4 Industry classification as recommended by AMFI NSE & BSE Symbol Bloomberg Code Reuters Code 5 Year Since Inception 10,414 10, , , , , ,239 22, , , , , % 10.2% 10.38% 9.89% 7.20% 4.05% 2.41% 2.19% 1.9% 1.1% 1.1% 1.05% 0.94% 0.92% 0.89% 0.74% 0.70% 0.3% 0.1% 0.50% 0.77% % M50 MOSTM50 M50.NS Sr. No. Scrip Weightage 1 HDFC Bank Ltd. 2 Reliance Industries Ltd. 3 HDFC Ltd. 4 Infosys Ltd. 5 ITC Ltd. ICICI Bank Ltd. 7 Tata Consultancy Services Ltd. 8 Larsen & Toubro Ltd. 9 Kotak Mahindra Bank Ltd. 10 Hindustan Unilever Ltd. ISIN Code Entry Load Exit Load Date of inception: 28-Jul-10. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option.= This scheme is currently managed by Mr. Ashish Agarwal. He has been managing this fund since 23-Nov-201. The performances of the schemes manage by him are on page no INF247L0153 NIL NIL Mr. Ashish Agarwal Managing this fund since 23-Nov-201 He has 13 years of rich experience 9

12 RST BR ST RST RST BRS BRS Motilal Oswal Midcap 100 ETF (MOFM100) (An open ended scheme replicating/tracking Nifty Midcap 100 Index) The seeks investment return that corresponds (before fees and expenses) to the performance of Nifty Midcap 100 Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Catagory ETF Nifty Midcap 100 On NSE/BSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 1,25,000 units and in multiples thereafter. 31-Jan-2011 Growth Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.97 Portfolio Turnover Ratio 0.7 Tracking Error* 0.30% (Annualised) Standard Deviation (Annualised) Sharpe Ratio# 0.17 (Annualised) R-Squared 1.00 *Against the benchmark Nifty Midcap 100 Index. # Risk free returns based on last overnight MIBOR cut-off of.73% Fund Manager Mr. Ashish Agarwal Managing this fund since 23-Nov-201 He has 13 years of rich experience. 5 Year Since Inception , , , ,28 Nifty Midcap 100 () (Additional ) , , , , , , , ,77 Per Unit ( : as on 31-Dec-2018) Industry classification as recommended by AMFI Date of inception: 31-Jan-11. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Growth option. = This scheme is currently managed by Mr. Ashish Agarwal. He has been managing this fund since 23-Nov-201. The performances of the schemes manage by him are on page no.7. Finance Banks Pharmaceuticals Consumer Non Durables Software Auto Ancillaries Industrial Products Power Consumer Durables Construction Project Textile Products Retailing Gas Auto Chemicals Construction Healthcare Services Hotels Resorts And Other Recreational Activities Petroleum Products Cement Ferrous Metals Pesticides Non - Ferrous Metals Telecom - Equipment & Accessories Media & Entertainment Fertilisers Industrial Capital Goods Commercial Services Cash & Equivalent Sr. No Security RBL Bank Ltd. 7.54%.13% 5.2% 5.17% 4.5% 3.73% 2.97% 2.95% 2.88% 2.74% 2.43% 1.82% 1.7% 1.9% 1.57% 1.29% 1.2% 0.9% 0.84% 0.80% 0.80% 0.73% 0.71% 0.51% 0.41% 0.3% 12.53% 9.50% 15.49% Weightage% Divi's Laboratories Ltd The Federal Bank Ltd United Breweries Ltd Page Industries Ltd Mahindra & Mahindra Financial Services Ltd. 2.0 Tata Power Company Ltd Voltas Ltd Bharat Forge Ltd Tata Chemicals Ltd NSE & BSE Symbol M100 ISIN Code INF247L01023 Bloomberg Code MOST100 Entry Load NIL Reuters Code M100.NS Exit Load NIL 10

13 RST BR ST RST RST BRS BRS Motilal Oswal Nasdaq 100 ETF (MOFN100) (An open ended scheme replicating/tracking NASDAQ-100 Index) The seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ- 100 Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Catagory ETF NASDAQ On NSE / BSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 25,000 units and in multiples thereafter. Redemption Proceeds 29-Mar-2011 Growth Option : ` Monthly AAUM ` (` cr) Latest AUM (31-Dec-2018) ` (` cr) Beta 0.97 Portfolio Turnover Ratio 0.14 Tracking Error* 0.14% (Annualised) Standard Deviation (Annualised) Sharpe Ratio# 0.34(Annualised) R-Squared Year Since Inception , , , ,490 NASDAQ 100 (INR) () (Additional ) , , , , , , , ,885 Per Unit ( : as on 31-Dec-2018) Industry Classification is as per Global Industry Classification Standard (GICS) Date of inception: 29-Mar-11. = Incase, the start/end date of the concerned period is non business date (NBD), the of the previous date is considered for computation of returns. The per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future.performance is for Growth option. = This scheme is currently managed by Mr. Swapnil Mayekar. He has been managing this fund since 10-Aug The performances of the schemes manage by him are on page no. 5. Software & Services Retailing Technology Hardware & Equipment Semiconductors & Semiconductor Pharmaceuticals Biotechnology Media Food Beverage & Tobacco Food & Staples Retailing Consumer Services Health Care Equipment & Services Transportation Automobiles & Components Telecommunication Services Commercial & Professional Services Capital Goods Consumer Durables & Apparel Cash & Equivalent NSE & BSE Symbol Bloomberg Code 7.07% 5.05% 4.25% 2.21% 1.82% 1.5% 1.11% 0.83% 0.77% 0.51% 0.50% 0.15% 2.3% 10.40% 14.25% 13.79% 33.28% N100 MOSTNDX Sr. No. Scrip Weightage 1 Microsoft Corporation 2 Apple 3 Amazon.com 4 Alphabet INC-Class C 5 Facebook Alphabet INC-Class A 7 Intel Corporation 8 Cisco Systems 9 Pepsico Inc 10 Comcast Corporation ISIN Code Entry Load INF247L01031 NIL *Against the benchmark NASDAQ-100 Index. # Risk free returns based on last overnight MIBOR cut-off of.73%. Reuters Code N100.NS or N100.BO Exit Load NIL Fund Manager Mr. Swapnil Mayekar Managing this fund since 10-Aug-2015 He has 10 years of rich experience. 11

14 RST BR ST RST RST BRS BRS Assets Under Management AUM REPORT FOR THE QUARTER ENDED (31/12/2018) Asset class wise disclosure of AUM & AAUM ` in Lakhs Income Equity (other than ELSS) Balanced Liquid Gilt Equity - ELSS GOLD ETF Other ETF Fund of Fund investing overseas AUM as on the last day of the Quarter 24, ,753, , , , ,917,577.2 Average AUM as on last day of the Quarter 44, ,92, , , ,859,92.8 AUM REPORT FOR THE QUARTER ENDED (31/12/2018) Disclosure of percentage of AUM by geography Geographical Spread Top 5 Cities Next 10 Cities Next 20 Cities Next 75 Cities Others % of AUM as on the last day of the Quarter Expense Ratio*: Motilal Oswal Focused 25 Fund: %, %; Motilal Oswal Midcap 30 Fund: - 0.8%, %; Motilal Oswal Multicap 35 Fund: - 0.8%, %; Motilal Oswal Long Term Equity Fund: %, %; Motilal Oswal Dynamic Fund: %, %;Motilal Oswal Equity Hybrid Fund: %, %; Motilal Oswal Ultra Short Term Fund: %, %; Motilal Oswal Liquid Fund: %, %; Motilal Oswal Nasdaq 100 Fund of Fund: %, %; Motilal Oswal M50 ETF 0.15%; Motilal Oswal Midcap 100 ETF 0.20%; Motilal Oswal NASDAQ-100 ETF 0.50% * Disclaimer: The information contained herein should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of Motilal Oswal Asset Management Company Limited (MOAMC). Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation or solicitation to do so for any securities. MOAMC shall not be liable for any direct or indirect loss arising from the use of any information contained in this document from time to time. Readers shall be fully responsible/liable for any decision taken on the basis of this document. The information/data herein alone is not sufficient and shouldn t be used for the development or implementation of an investment strategy. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. 12

15 RST BR ST Product Suitability RST RST BRS BRS Name of the Motilal Oswal Focused 25 Fund (MOF25) Motilal Oswal Midcap 30 Fund (MOF30) Motilal Oswal Multicap 35 Fund (MOF35) Motilal Oswal Long Term Equity Fund (MOFLTE) Motilal Oswal Dynamic Fund (MOFDYNAMIC) Motilal Oswal Equity Hybrid Fund (MOFEH) Motilal Oswal M50 ETF (MOFM50) Motilal Oswal Midcap 100 ETF (MOFM100) Motilal Oswal Nasdaq 100 ETF (MOFN100) Motilal Oswal Nasdaq 100 Fund of Fund (MOFN100FOF) This product is suitable for investors who are seeking* Return by investing in upto 25 companies with long term sustainable competitive advantage and growth potential Investment in Equity and equity related instruments subject to overall limit of 25 companies Long-term capital growth Investment in equity and equity related instruments in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth Long-term capital growth Investment in a maximum of 35 equity and equity related instruments across sectors and market capitalization levels Long-term capital growth Investment predominantly in equity and equity related instruments; Long-term capital appreciation Investment in equity, derivatives and debt instruments Long-term capital appreciation by generating equity linked returns Investment predominantly in equity and equity related instruments; Return that corresponds generally to the performance of the Index (Underlying Index), subject to tracking error Investment in equity securities of Index Return that corresponds generally to the performance of the Nifty Midcap 100 Index, subject to tracking error Investment in equity securities of Nifty Midcap 100 Index Return that corresponds generally to the performance of the NASDAQ-100 Index, subject to tracking error Investment in equity securities of NASDAQ-100 Index Long term capital appreciation Return that corresponds generally to the performance of the, Motilal Oswal Nasdaq 100 ETF (MOFN100) through investment in units of MOFN100 Moderately Riskometer Moderate Moderately Investors understand that their principal will be at Moderately risk Moderately Riskometer Moderate Moderately Investors understand that their principal will be at risk Motilal Oswal Ultra Short Term Fund (MOFUSTF) Optimal returns consistent with moderate levels of risk Investment in debt securities and money market securities with Macaulay duration of the portfolio between 3 months and months. Moderately Riskometer Moderate Moderately Investors understand that their principal will be at Moderately risk Motilal Oswal Liquid Fund (MOFLF) Regular income over short term Investment in money market securities Moderately Riskometer Moderate Moderately *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Risk Disclosure and Disclaimer Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, Trustee: Motilal Oswal Trustee Company Ltd. Investment Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: *Motilal Oswal Financial Services Ltd. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the 's objectives will be achieved (2) As the price / value / interest rates of the securities in which the invests fluctuates, the Net Asset Value () of units issued under the may go up or down depending upon the factors and forces affecting the securities market (3) Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance of the and may not provide a basis of comparison with other investments (4) The name of the s does not in any manner indicate the quality of the s, its future prospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund () The present s are not guaranteed or assured return s. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. NSE Indices Limited Disclaimer: MOFM50 and MOFM100: MOFM50 and MOFM100 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or its affiliates is not sponsored, endorsed, sold or promoted by NSE Indices Limited and its affiliates. NSE Indices Limited and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOFM50 and MOFM100 or any member of the public regarding the advisability of investing in securities generally or in the MOFM50 and (MOFM100) linked to Index and Nifty Midcap 100 Index respectively or particularly in the ability of Index and Nifty Midcap 100 Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Index and Nifty Midcap 100 Index in the Information Document. NASDAQ-100 Disclaimer: MOFN100: NASDAQ, OMX, NASDAQ OMX, NASDAQ-100, and NASDAQ-100 Index, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the Corporations ) and are licensed for use by MOAMC. MOFN100 (the Product) has not been passed on by the Corporations as to their legality or suitability. The Product are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT. NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Information Document. BSE Disclaimer: It is to be distinctly understood that the permission given by BSE Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by BSE Ltd. nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer Clause of the BSE Ltd. *Pursuant to the scheme of amalgamation Motilal Oswal Securities Limited (MOSL) has been merged with Motilal Oswal Financial Services Limited (MOFSL) whereby all the assets and liabilities of MOSL including its business and investments have been transferred to MOFSL w.e.f. August 21, Investors understand that their principal will be at Moderately risk RR00004_40112_010 13

16 RST BUY RIGHT : SIT TIGHT Buying quality companies and riding their growth cycle RST RST RST At Motilal Oswal Asset Management Company (MOAMC), our investment philosophy and investing style is centered on 'Buy Right: Sit Tight principle. Buy Right' means buying quality companies at a reasonable price and 'Sit Tight' means staying invested in them for a longer time to realise the full growth potential of the stocks. It is a known fact that good quality companies are in business for decades but views about these companies change every year, every quarter, every month and sometimes every day! While many of you get the first part of identifying good quality stocks, most don t stay invested for a long enough time. The temptation to book profits at 25% or 50% or even 100% returns in a 1 to 3 year period is so natural that you miss out on the chance of generating substantial wealth that typically happens over the long term; say a 10 year period. Sit Tight Approach QGLP Q uality denotes quality of the business and management G rowth denotes growth in earnings and sustained RoE L ongevity denotes longevity of the competitive advantage or economic moat of the business P rice denotes our approach of buying a good business for a fair price rather than buying a fair business for a good price Buy and Hold: We are strictly buy and hold investors and believe that picking the right business needs skill and holding onto these businesses to enable our investors to benefit from the entire growth cycle needs even more skill. Focus: Our portfolios are high conviction portfolios with 25 to 30 stocks being our ideal number. We believe in adequate diversification but overdiversification results in diluting returns for our investors and adding market risk Call: or Website: