INDEX MARKET OUTLOOK EQUITY THEMATIC FUNDS HYBRID DEBT LIQUID GILT SOLUTIONS. Equity Debt

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2 INDEX MARKET OUTLOOK Equity Debt EQUITY Large Cap Fund (Erstwhile known as Pure Equity Fund; renamed w.e.f February 29, 2016) Equity Opportunities Fund Ethical Fund Equity P/E Fund Mid Cap Growth Fund Dividend Yield Fund India Tax Savings Fund (Erstwhile known as Long Term Equity Fund; renamed w.e.f December 21, 2015) THEMATIC FUNDS Banking & Financial Services Fund Digital India Fund India Consumer Fund India Pharma & Healthcare Fund Resources & Energy Fund Infrastructure Fund HYBRID Balanced Fund Savings Equity Fund DEBT Dynamic Bond Fund Medium Term Fund (Erstwhile known as Income Plus Fund; renamed w.e.f March 17, 2017) Long Term Debt Fund (Erstwhile known as Income Fund; renamed w.e.f December 1, 2016) Short Term Bond Fund Corporate Bond Fund (Erstwhile known as Treasury Manager Fund; renamed w.e.f March 17, 2017) Ultra Short Term Fund (Erstwhile known as Floater Fund; renamed w.e.f March 17, 2017) LIQUID Money Market Fund Liquid Fund GILT Gilt Securities Fund Gilt Mid Term Fund SOLUTIONS Retirement Savings Fund - Progressive Retirement Savings Fund - Moderate Retirement Savings Fund - Conservative Young Citizens Fund SCHEMES PERFORMANCE DIVIDEND / BONUS HISTORY HOW TO READ FACT SHEET

3 RISKOMETER Name of the Schemes Investment Objective Fixed Income for Short Term. Riskometer Liquid Fund Investment in Debt/Money Market instruments/government Securities. Money Market Fund Investment in Money Market instruments. Name of the Schemes Investment Objective Fixed Income for Short Term. Riskometer Ultra Short Term Fund (Erstwhile known as Floater Fund; renamed w.e.f March 17, 2017) Investment in Debt/Money Market instruments/government Securities. Short Term Bond Fund Investment Objective Fixed Income for Short Term. Investment in Debt/Money market instruments /Government Securities. 3

4 RISKOMETER Name of the Schemes Dynamic Bond Fund Investment Objective Fixed Income for Short Term. Investment Objective Short Term to Medium Capital Appreciation & Income. Investment in Debt/Money Market instruments/government securities. Riskometer Gilt Mid Term Fund Investment Objective Medium Term Capital Appreciation. Investment predominantly in Government Securities (upto 1s maturity). Gilt Securities Fund Investment Objective Long Term Capital Appreciation & Income. Investment predominantly in Government Securities. Long Term Debt Fund (Erstwhile known as Income Fund; renamed w.e.f December 1, 2016) Investment Objective Long Term Capital Appreciation & Income. Investment in Debt/Money Market instruments/government Securities. Medium Term Fund (Erstwhile known as Income Plus Fund; renamed w.e.f March 17, 2017) Investment Objective Long Term Capital Appreciation & Income. Investment in Debt/Money Market instruments/government Securities. Corporate Bond Fund (Erstwhile known as Treasury Manager Fund; renamed w.e.f March 17, 2017) Investment in Corporate Debt Securities. Name of the Schemes Fixed Maturity Plan - Series 44 - Scheme D Fixed Maturity Plan - Series 46 - Scheme D Fixed Maturity Plan - Series 46 - Scheme K Fixed Maturity Plan - Series 46 - Scheme M Fixed Maturity Plan - Series 46 - Scheme N Fixed Maturity Plan - Series 46 - Scheme Q Fixed Maturity Plan - Series 46 - Scheme R Fixed Maturity Plan - Series 46 - Scheme T Fixed Maturity Plan - Series 47 - Scheme C Fixed Maturity Plan - Series 47 - Scheme D Fixed Maturity Plan - Series 47 - Scheme E Fixed Maturity Plan - Series 47 - Scheme F - Plan A Fixed Maturity Plan - Series 47 - Scheme H Fixed Maturity Plan - Series 47 - Scheme J Investment Objective Generate Income and/or Capital Appreciation for a Fixed Term The investment objective of a scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of the scheme. 4

5 RISKOMETER Name of the Schemes Balanced Fund Dividend Yield Fund Equity Opportunities Fund Equity P/E Fund Ethical Fund Mid Cap Growth Fund Large Cap Fund (Erstwhile known as Pure Equity Fund; renamed w.e.f February 29, 2016) Retirement Savings Fund - Moderate Plan Investment Objective Long Term Capital Appreciation Investment predominantly in equity & equity related instruments and some portion (between 25% to 35%) in fixed income instruments. Investment (minimum 70%) in equity & equity related instruments/stocks having dividend yield higher than dividend yield of stocks of BSE SENSEX. Investment in equity and equity related instruments of well researched value and growth oriented companies across all market capitalization. Investment (minimum 70%) in equity & equity related instruments of companies whose rolling P/E is lower than rolling P/E of BSE Sensex. Investment in equity and equity related instruments of Shariah Principles compliant companies and in other instruments allowed under Shariah principles. Investment predominantly in equity & equity related instruments of growth oriented mid cap companies. Investment predominantly in equity & equity securities related securities of large cap companies. A predominantly equity oriented savings scheme which provides tool for retirement planning to individual investors. Riskometer Savings Equity Fund Retirement Savings Fund - Progresive Plan India Tax Savings Fund (Erstwhile known as Long Term Equity Fund; renamed w.e.f December 21, 2015) Young Citizens Fund Retirement Savings Fund - Conservative Plan Predominantly investing in equity and equity related instruments, equity arbitrage opportunities and debt and money market instruments. A predominantly equity oriented savings scheme which provides tool for retirement planning to individual investors. An equity linked savings scheme (ELSS) Investing predominantly in Equity & Equity related instruments. Investment Objective Long Term Capital Appreciation & Current Income. Investment in equity & equity related instruments and in fixed income instruments. Investment Objective Long Term Capital Appreciation & Current Income. A predominantly debt oriented savings scheme which provides tool for retirement planning to individual investors. Name of the Schemes Dual Advantage Fund - Scheme C Investment objective Capital appreciation and current income by investing predominantly in fixed income instruments and some portions in equity/equity related instruments Generate income and / or capital appreciation by investing predominantly in portfolio of fixed income instruments having maturity on or before the date of the maturity of the scheme. The scheme will invest small portion (upto 30%) of the scheme assets in equity/equity related instrument including derivative instruments. Dual Advantage Fund - Series 2 - Scheme A Dual Advantage Fund - Series 2 - Scheme B Dual Advantage Fund - Series 2 - Scheme C Dual Advantage Fund - Series 3 - Scheme A Generate income and / or capital appreciation by investing predominantly in portfolio of fixed income instruments having maturity on or before the date of the maturity of the scheme. The scheme will invest small portion of the scheme assets in equity/equity related instrument including derivative instruments. 5

6 RISKOMETER Name of the Schemes Investment Objective Long Term Capital Appreciation. Riskometer Banking & Financial Services Fund India Consumer Fund Digital India Fund India Pharma & Healthcare Fund Resources & Energy Fund Infrastructure Fund Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India. Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Information Technology sector in India. Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Pharma & Healthcare sectors in India. Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India. Investment Predominantly in equity / equity related instruments of the companies in the Infrastructure sector in India. Name of the Schemes Infrastructure Tax Saving Fund Investment objective Long term capital appreciation by investing in equity/equity related instruments of companies in the infrastructure sector in India Generate medium to long term capital gain by investing predominantly in equity / equity related instruments of the companies in infrastructure and infrastructure related sectors along with the income tax benefit to its unitholders. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 6

7 MARKET OUTLOOK Equity market The Indian equity markets ended lower in the month of June 2017, as both Sensex and Nifty were down by -0.7% and -1% respectively. The broader market outperformed the Sensex, as reflected by the performance of the BSE Midcap and BSE 200 index at +0.1% and -0.4% respectively. In terms of sectors; Consumer Durable, FMCG, Healthcare and Real Estate were the major outperformers whilst Auto, Capital Goods, IT and Oil & Gas were the major underperformers. FII flows continued to be positive in June, with net inflows to the tune of ~USD 560mn. Consequently, FIIs net inflows in CYTD amounts to ~USD 8.11 bn. Net equity investments in June 2017 by domestic MFs in the market were ~USD1.4bn. Index Name Nifty 50 Index S&P BSE Sensex S&P BSE MID CAP S&P BSE SMALL CAP S&P BSE 200 S&P BSE AUTO S&P BSE Bankex S&P BSE Consumer Durable S&P BSE Capital Good S&P BSE FMCG S&P BSE Health Care S&P BSE IT S&P BSE METAL S&P BSE Oil & Gas S&P BSE Power Index S&P BSE Realty As on Return in % 30-Jun May Jun-16 1 Month Growth GDP growth for the fourth quarter of FY softened to 6.1% y-o-y reflecting the impact of demonetization. Nominal GDP growth for the quarter was 12.5% y-o-y. Index of Industrial Production (IIP) decelerated to 3.1% y-o-y in April 2017 as compared to 3.8% y-o-y in March. Capital goods and consumer durables contracted in April at -1.3% and -6% y-o-y respectively. Infrastructure & construction grew at 5.8% y-o-y in April 2017 as against 0.9% y-o-y in March. Overall manufacturing sector grew 2.6% y-o-y in April as compared to 2.4% in March Inflation Consumer Price Inflation (CPI) index fell to 2.2% y-o-y in May 2017 as compared to 3.0% y-o-y in April 2017 led by decline in food and fuel inflation. Deflation in food prices (-0.2% y-o-y) was seen for the first time since Fuel inflation decelerated to 5.5% y-o-y in May 2017 as against 6.1% in April 2017 and core CPI inflation (CPI excluding food and fuel) was 4.3% y-o-y in May 2017 as against 4.1% in April The Office of Economic Advisor, Ministry of Commerce and Industry released the new Wholesale Price Inflation (WPI) index series with base year revised to FY from the existing FY WPI Inflation decelerated to 2.2% y-o-y in May from 3.9% in April as per new series data. Food inflation fell to 0.1% y-o-y in May 2017 from 2.9% in April. Core WPI inflation (non-food) came in at 2.1% y-o-y in May as compared to 2.0% in April Monsoon & Crop Sowing As per Indian Meteorological department, cumulative rainfall was 6% above normal till 4th July Though some eastern regions have seen deficient rainfall, while all other regions have seen normal to excess rainfall. The sowing is up ~19% y-o-y with overall sowing as on 30th June 2017 reaching 21.0% of total Kharif sowing area. Goods and Services Tax (GST) The Government of India formally launched GST on July 1, 2017, one of the largest indirect tax reforms. GST aims to simplify the taxation regime by subsuming most indirect taxes. The uniformity in provisions and rates should aid ease of doing business in India. GST is expected to be neutral on inflation, with the lower final tax rates on several goods being offset by some higher tax rates on services and some goods. GST also aims to improve tax compliance leading to organized sector gaining market share from unorganized sector. Other macro developments The Cabinet approved central government employees allowances as recommended by the 7th Pay Commission. This would entail an increase of 307bn per annum in the central government expenditure. The fiscal impact for FY2018 will likely be around % of GDP. India s trade deficit widened to US$13.8bn in May 2017 from US$13.2bn in April Export growth moderated to 8% y-o-y while Gold imports remained high. Non-oil and non-gold imports posted 19.8% y-o-y growth. Foreign currency reserves stood at ~USD383bn as on June 23, 2017 as compared to ~USD379bn as on May 19, Market Outlook Equity markets consolidated in the month of June driven by near term growth uncertainty in the wake of GST transition challenges and announcement of farm loan waivers by certain states. GST has been implemented from July 1st Though, there are near term concerns on transitioning issues on supply & distribution chains of companies; from a medium term perspective, this reform holds out the promise of reduced transaction costs, better capital productivity and improved tax compliance all of which augur well for the economy and its sustained growth. The focus on resolution of stressed assets in the banking system continues with the RBI announcing a list of 12 large bad loans for insolvency proceedings. Recent announcements by various state governments on farm loan waivers have raised some concerns on state s fiscal deficit challenges and their ability to make investments. However, in most of the cases these waivers are directed at most affected segments of farmers only. Market valuations continue to sustain above their long-term averages. We believe, visibility of reforms like GST, expectations on earnings recovery, benign inflation expectations and continued strong flows from domestic investors, may result in markets continuing to remain above their long-term averages. Although, in the near term, reversal of FII flows due to global events would continue to remain a risk to watch out for. However, it is important to note that India is much better placed in such an event given its healthy macro-economic parameters. In terms of our portfolio positioning, we continue to remain overweight on direct and indirect beneficiaries of government push on sectors like roads, railways, defence and housing. We continue to remain overweight on private sector banks on account of their ability to gain market share and maintain relatively higher growth rates. Strong macro position, reforms and long-term structural drivers like demographic advantage, low household debt, limited penetration across different consumer categories, increased potential for financial savings and urbanization makes India a compelling equity story from medium to long term perspective. We believe investors would be well advised to invest with medium to long term perspective and systematically increase exposure to Indian equity markets. Disclaimer The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice. Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Mutual Fund. This note has been prepared using information believed to be accurate at the time of its use. 7

8 MARKET OUTLOOK Debt market 30-Jun May-17 Change (bps) 10 Year Benchmark Yield (s.a) 10 Year AAA (PSU) (ann) AAA (PSU) (ann) 3 Month T Bill 3 Month CD 12 Month CD 10 Year AAA Spread AAA Spread 6.51% 7.43% 7.32% 6.29% 6.33% 6.63% 0.81% 0.70% 6.66% 7.65% 7.44% 6.28% 6.35% 6.73% 0.88% 0.67% Sovereign bond market remained volatile throughout the month after witnessing a massive rally on the back of increasing expectation of rate cut after 2nd Bi-monthly monetary policy. Globally, bond yields remained volatile with US 10-year trading in the range of and closing the period at For the period under review, the 10-year benchmark yield softened by 15 bps to close at 6.51%. The corporate bonds also followed G-Sec, with 10-year AAA yields down by 22 bps, while the 5-year AAA bond yields were down by 12 bps. Money market instruments at the shorter end of the curve saw 3-month treasury bill harden by 1 bps, 3-month CD yield softened by 2 bps and CD yield eased by 10 bps. RBI in its Second Bi-monthly monetary policy kept key policy rates unchanged. In an unexpected move, RBI decided to reduce the SLR from 20.5 per cent of NDTL to 20.0 per cent of NDTL. RBI has recognized modest pace of growth in global economy, improvement in international financial markets, lower estimate of GVA domestically, and improving economic indicators domestically. On inflation front, RBI has recognized sharp broad-based fall in CPI because lower vegetable, cereal, pulses and fuel prices. RBI has also acknowledged a fall in household inflation expectations. On the liquidity side, RBI has noted the fall in currency in circulation and over-night call rates remaining closer to operating target. RBI has indicated a broader accommodative policy move if inflation trajectory continues to remain benign and below their earlier projections. On the macroeconomic data released during the period, May CPI fell sharply to 2.2% from 3% in April as food prices slipped into deflation for the first time since 2001, due to improved supply (pulses, vegetables) and lower global prices (edible oils). Food prices fell by 1.0% YoY in May from 0.6% in April with vegetables and pulses remaining in deflation at -13.4% and -19.5%, respectively. Core CPI inflation eased to 4.2% YoY in May from 4.4% in April. WPI inflation moderated sharply to 2.2% YoY in May from 3.9% in April, significantly below market expectations. Food, crude petroleum and fuel inflation fell sharply, while manufactured WPI inflation (ex-food) picked up. Food price inflation (primary + manufactured) moderated to 0.1% YoY in May from 2.9% in April, with primary food prices slipping into deflation for the first time in 21 months. The moderation was quite broad-based, with prices of cereals, pulses, fruits & vegetables and eggs, meat & fish falling sequentially. IIP (Index of Industrial Production) moderated to 3.1% YoY in April from an upward revision of 3.8% in March. Consumer non-durables and infrastructure output growth saw a decent uptick, while overall industrial cycle appears to have troughed. FII flows continue to remain strong with 25,685 crores invested in government securities and corporate bonds. However global markets have turned negative after ECB president Draghi statement on central banks reducing the risk premia of deflationary trade as the euro zone in the reflationary trade led to spike in bond yields even though the ECB President maintained accommodative monetary policy stance will continue. The 10 year German bonds yields moved by 15 basis points and the US ten year yields moved to 2.30 % levels from 2.15 %. RBI has announced an OMO of Rs 10,000 crores to drain out liquidity from the banking system. The total liquidity has increased from 2.8 Trillion to 3.6 Trillion Rupees due to government spending and RBI intervention in the forex markets. There is also a redemption of Rs 55,000 crores on July 10. The supply of state government papers for the quarter July to September is Rs 98,000 crores to Rs 1,04,500 crores as per the Indicative borrowing calendar announced by RBI. The CPI inflation is expected to print in the range of 1.5 to 1.8 % for the month of June due to high base effect, destocking by industry due to implementation of GST and food prices continuing to remain stable. We believe RBI might move towards accommodation and lowering of policy rates provided incoming data trend continues and doesn't abruptly spikes on the other side. We believe there is space for 25bps rate cut in near future and further scope of rate cuts to remain data dependent. We expect 10-year G-sec yield to trade range-bound in near term, within a band of 6.45%-6.65%. We expect liquidity to remain comfortable and in surplus mode for a few months going ahead which will limit upside in short-term rates. Disclaimer The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice. Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Mutual Fund. This note has been prepared using information believed to be accurate at the time of its use. 8

9 Large Cap Fund (Erstwhile known as Pure Equity Fund; renamed w.e.f February 29, 2016) (An Open-Ended Equity Scheme) Primarily invests in equity and equity related instruments of large market cap companies. To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. May 7, 1998 FUND MAGER Gopal Agrawal (Managing Since 27-Jun-17 and overall experience of 2s) S&P BSE Sensex V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 48.91% 48.91% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter Entry Load Not Applicable Exit Load 1% if redeemed on or before expiry of 365 days from the date of allotment ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ICICI Bank Ltd. ITC Ltd. Reliance Industries Ltd. Maruti Suzuki India Ltd. HCL Technologies Ltd. State Bank Of India Power Grid Corporation Of India Ltd. Infosys Ltd. Motors Ltd. Total No. of Shares Lakhs % of Assets Industry Allocation No. of Shares Lakhs % of Assets 1.56 Equity & Equity Related Total Siemens Ltd. Auto Media & Entertainment Maruti Suzuki India Ltd. Motors Ltd. Auto Ancillaries D.B.Corp Ltd. Zee Entertainment Enterprises Ltd. Industrial Products Motherson Sumi Systems Ltd. Bosch Ltd. Banks Cummins India Ltd. Oil Oil & Natural Gas Co HDFC Bank Ltd. ICICI Bank Ltd. State Bank Of India Kotak Mahindra Bank Ltd. Yes Bank Ltd. Indusind Bank Ltd. Cement Petroleum Products Reliance Industries Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Power Power Grid Corporation Of India Ltd. Retailing Ultratech Cement Ltd. Grasim Industries Ltd. Construction Project Future Retail Ltd. Software HCL Technologies Ltd Larsen & Toubro Ltd. Consumer Non Durables Infosys Ltd. Elxsi Ltd ITC Ltd. Eveready Industries India Ltd. Hindustan Unilever Ltd. Finance Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd Housing Development Finance Ltd Interglobe Aviation Ltd Bajaj Finance Ltd Gas Other Equities^ Gail ( India ) Ltd. Repo Healthcare Services Max India Ltd. Cash / Net Current Asset Industrial Capital Goods Bharat Electronics Ltd ^ Exposure less than 1% has been clubbed under Other Equities SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () 840,000 1,200,000 2,290,000 Total Value as on Jun 30, 2017 () 130, , ,273 1,329,429 2,313,445 19,449,928 Returns 16.25% 10.74% 13.79% 12.90% 12.61% 19.41% Total Value of B S&P BSE Sensex 130, , ,760 1,197,835 1,975,331 9,330,058 B S&P BSE Sensex 17.36% 8.38% 10.69% 9.98% 9.63% 13.14% (Inception date 07-May-1998) (First Installment date 01-Jun-1998) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer % to V Banks Software Consumer Non Durables Auto Industrial Capital Goods Cement Petroleum Products Power Media & Entertainment Finance Healthcare Services Transportation Auto Ancillaries Construction Project Retailing Industrial Products Textile Products Pharmaceuticals Gas Oil Non - Ferrous Metals 10.04% 9.94% 8.15% 4.65% 4.11% 4.02% 3.50% 3.41% 2.86% 2.86% 2.79% 2.50% 2.36% 2.35% 2.24% 1.89% 1.64% 1.53% 1.10% 0.71% 25.69% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 85.65% 14.35% 0.00% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Large Cap Fund - Reg - Growth S&P BSE Sensex 90 Jun-14 Jun-15 Jun-16 Jun-17 9

10 Equity Opportunities Fund (An Open-Ended Equity Scheme) February 25,1993 Sharpe Ratio Primarily focuses on investing in equity and equity related instruments of well researched value and growth oriented companies across all market capitalization. To provide income distribution and / or medium to long term capital gains while at all times emphasizing the importance of capital appreciation. FUND MAGER Rupesh Patel (Managing Since 7-Jun-13 and overall experience of 17 years) S&P BSE 200 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % 63.90% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. 1% if redeemed on or before expiry of 365 days from the date of allotment. Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Motors Ltd. Bajaj Auto Ltd. TVS Motor Company Ltd. Auto Ancillaries Amara Raja Batteries Ltd. Banks HDFC Bank Ltd. Yes Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. State Bank Of India Cement Ultratech Cement Ltd. The Ramco Cements Ltd. Dalmia Bharat Ltd. Shree Cement Ltd. Construction KNR Constructions Ltd. Brigade Enterprises Ltd. Construction Project Larsen & Toubro Ltd. NCC Ltd. Sadbhav Engineering Ltd. Engineers India Ltd. Consumer Non Durables ITC Ltd. Ferrous Metals Steel Ltd. Gas Gujarat State Petronet Ltd. No. of Shares SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B S&P BSE 200 B S&P BSE 200 Total Value of AB S&P BSE Sensex AB S&P BSE Sensex (Inception date 25-Feb-1993) (First Installment date 01-Mar-1993) Lakhs % of Assets No. of Shares Other Equities^ Repo Net Current Liabilities ^ Exposure less than 1% has been clubbed under Other Equities Lakhs Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ITC Ltd. Yes Bank Ltd. ICICI Bank Ltd. Maruti Suzuki India Ltd. Motors Ltd. Ultratech Cement Ltd. Bajaj Auto Ltd. Kotak Mahindra Bank The Ramco Cements Ltd. Total % of Assets Year 10 Year 840,000 1,200,000 2,920, , , ,651 1,476,250 2,533,686 34,202, % 12.60% 17.17% 15.83% 14.31% 17.66% 131, , ,202 1,291,631 2,146,516 17,622, % 11.36% 13.64% 12.09% 11.20% 13.20% 130, , ,760 1,197,835 1,975,331 14,459, % 8.38% 10.69% 9.98% 9.63% 11.85% % to V Industrial Capital Goods Bharat Electronics Ltd. Finance ICICI Prudential Life Insurance Company Ltd. Muthoot Finance Ltd. Indiabulls Housing Finance Ltd. Housing Development Finance Ltd. Equitas Holdings Ltd. Oil Oil & Natural Gas Co. Petroleum Products Indian Oil Corporation Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Dishman Carbogen Amcis Ltd. Strides Shasun Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Software HCL Technologies Ltd. Infosys Ltd. Transportation Cox & Kings Ltd. Interglobe Aviation Ltd. Industry Allocation Banks Auto Cement Construction Project Finance Consumer Non Durables Pharmaceuticals Transportation Construction Software Power Ferrous Metals Gas Industrial Capital Goods Oil Retailing Auto Ancillaries Petroleum Products Media & Entertainment Industrial Products % 10.21% 8.95% 8.78% 5.86% 4.20% 3.51% 3.28% 3.00% 2.69% 2.17% 2.17% 1.80% 1.32% 1.21% 1.19% 1.07% 0.73% 0.68% % 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 72.37% 22.13% 5.51% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Equity Opportunities Fund - Reg - Growth S&P BSE 200 Jun-14 Jun-15 Jun-16 Jun-17 10

11 Ethical Fund (An Open-Ended Equity Scheme) Sharpe Ratio An equity scheme which invests primarily in equities of Shariah compliant companies and other instrument if allowed under Shariah principles. To provide medium to long- term capital gains by investing in Shariah compliant equity and equity related instruments of well-researched value and growth - oriented companies. May 24,1996 FUND MAGER Pradeep Gokhale (Managing Since 2-Jan-12 and overall experience of 26 years) Nifty 500 Shariah V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter % 58.57% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Bajaj Auto Ltd. Eicher Motors Ltd. Hero Motocorp Ltd. Auto Ancillaries Bosch Ltd. WABCO India Ltd. Amara Raja Batteries Ltd. Cement Shree Cement Ltd. Ultratech Cement Ltd. Ambuja Cements Ltd. Construction Project Voltas Ltd. Consumer Durables Titan Company Ltd. Bata India Ltd. Consumer Non Durables Hindustan Unilever Ltd. Britannia Industries Ltd. Dabur India Ltd. Colgate-Palmolive India Ltd. Fertilisers Coromandel International Ltd. Gas Gail ( India ) Ltd. Healthcare Services Apollo Hospitals Enterprise Ltd. Industrial Products Cummins India Ltd. Timken India Ltd. No. of Shares Lakhs % of Assets Finolex Cables Ltd. Fag Bearings Ltd. AIA Engineering Ltd. Mahindra CIE Automotive Ltd. Greaves Cotton Ltd. Industrial Capital Goods Siemens Ltd. Thermax Ltd. ABB India Ltd. GE Power India Ltd. Pesticides Rallis India Ltd. UPL Ltd. Petroleum Products Reliance Industries Ltd. Castrol India Ltd. Pharmaceuticals Aurobindo Pharma Ltd. Sun Pharmaceutical Industries Ltd. Cipla Ltd. Natco Pharma Ltd. IPCA Laboratories Ltd. Retailing Future Retail Ltd. Transportation Gujarat Pipavav Port Ltd. Other Equities^ Cash / Net Current Asset No. of Shares Lakhs % of Assets SIP - If you had invested INR every month ^ Exposure less than 1% has been clubbed under Other Equities 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Nifty 500 Shariah B Nifty 500 Shariah Total Value of AB Nifty 50 AB Nifty , % 132, % 130, % 399, % 438, % 412, % 842, % 897, % 798, % 840,000 1,366, % 1,399, % 1,221, % 1,200,000 2,465, % 2,326, % 2,020, % 2,500,000 24,241, % 5,797, % 11,244, % (Inception date 24-May-1996) (First Installment date 01-Sep-1996) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load 1% of the applicable V, if redeemed on or before 365 days from the date of allotment. (w.e.f. 6th April, 2015) Top 10 Holdings Equity Issuer Name Maruti Suzuki India Ltd. Reliance Industries Ltd. Hindustan Unilever Ltd. Britannia Industries Ltd. Bajaj Auto Ltd. Shree Cement Ltd. Aurobindo Pharma Ltd. Bosch Ltd. Cummins India Ltd. Ultratech Cement Ltd. Total % to V Industry Allocation Auto Consumer Non Durables Industrial Products Petroleum Products Pharmaceuticals Cement Auto Ancillaries Industrial Capital Goods Pesticides Consumer Durables Gas Retailing Transportation Construction Project Software Fertilisers Healthcare Services 14.38% 13.04% 12.08% 9.61% 8.42% 8.28% 6.63% 6.10% 3.23% 3.13% 2.39% 1.63% 1.52% 1.52% 1.46% 1.29% 1.07% 0.00% 5.00% 10.00% 15.00% 20.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 67.21% 31.88% 0.91% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 150 Ethical Fund - Reg - Growth Nifty 500 Shariah Jun-14 Jun-15 Jun-16 Jun-17 11

12 Equity P/E Fund (An Open-Ended Equity Scheme) Primarily invests at least 70% of the net assets in equity shares whose rolling P/E ratio on past four quarter earnings for individual companies is less than rolling P/E of the S&P BSE SENSEX stocks. To provide reasonable and regular income and/ or possible capital appreciation to its Unitholder. June 29, 2004 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) S&P BSE Sensex V - Growth - Dividend (Trigger Option A 5%) - Dividend (Trigger Option B 10%) Reg - Growth Reg - Dividend (Trigger Option A 5%) Reg - Dividend (Trigger Option B 10%) ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 87.98% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio PE MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) No. of Shares Lakhs % of Assets Equity & Equity Related Total Hotels, Resort And Other Recreational Activities Auto Talwalkars Better Value Fitness Ltd Bajaj Auto Ltd. Hero Motocorp Ltd. Eicher Motors Ltd. Auto Ancillaries Pharmaceuticals Aurobindo Pharma Ltd. Industrial Products Finolex Cables Ltd Ceat Ltd. Banks Greaves Cotton Ltd. Media & Entertainment Yes Bank Ltd. ICICI Bank Ltd. City Union Bank Ltd. Cement Zee Entertainment Enterprises Ltd. D.B.Corp Ltd. Minerals/Mining Coal India Ltd Grasim Industries Ltd. Chemicals Gujarat Mineral Dev Corp Ltd. Power Chemicals Ltd. Construction Power Grid Corporation Of India Ltd. Torrent Power Ltd KNR Constructions Ltd. Consumer Non Durables Retailing Future Retail Ltd ITC Ltd. Finance Software Infosys Ltd Muthoot Finance Ltd. Housing Development Finance Ltd. Power Finance Corporation Ltd. Dewan Housing Finance Corporation Ltd Persistent Systems Ltd. Textile Products Raymond Ltd. Mayur Uniquoters Ltd. Transportation JM Financial Ltd. ICICI Prudential Life Insurance Company Ltd Container Corporation Of India Ltd. Other Equities^ Max Financial Services Ltd. Gas CBLO Repo Gail ( India ) Ltd. Petronet Lng Ltd Net Current Liabilities Healthcare Services Max India Ltd ^ Exposure less than 1% has been clubbed under Other Equities SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 29-Jun-2004) (First Installment date 01-Jul-2004) 136, % 130, % 488, % 408, % 1,099, % 784, % 840,000 1,742, % 1,197, % 1,200,000 3,138, % 1,975, % 1,560,000 5,702, % 3,296, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Yes Bank Ltd. Power Grid Corporation Of India Ltd. Muthoot Finance Ltd. Grasim Industries Ltd. Chemicals Ltd. HDFC Ltd. Bajaj Auto Ltd. Gail (india) Ltd. Power Finance Corporation Finolex Cables Ltd. Total % to V Industry Allocation Finance Banks Power Auto Gas Software Cement Industrial Products Textile Products Auto Ancillaries Chemicals Consumer Non Durables Retailing Media & Entertainment Minerals/mining Construction Transportation Healthcare Services Hotels, Resort And Other Recreational Activities Pharmaceuticals Fertilisers Paper Oil Industrial Capital Goods Non - Ferrous Metals Consumer Durables No. of Shares 7.56% 6.75% 5.08% 4.33% 4.06% 3.93% 3.80% 3.61% 3.40% 3.32% 3.30% 3.22% 2.30% 1.86% 1.15% 1.08% 1.05% 1.02% 0.98% 0.98% 0.88% 0.84% 0.79% 0.56% Lakhs 11.26% 16.18% % of Assets 0.00% 5.00% 10.00% 15.00% 20.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 54.25% 40.65% 5.09% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Equity P/E Fund - Reg - Growth S&P BSE Sensex 90 Jun-14 Jun-15 Jun-16 Jun-17 12

13 Mid Cap Growth Fund (An Open-Ended Equity Scheme) An equity scheme with focus towards mid cap stocks. To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks. July 1, 1994 FUND MAGER Rupesh Patel (Managing Since 27-Jun-17 and overall experience of 17 years ) & Danesh Mistry (Assistant fund manager) (Managing Since 1-Apr-16 and overall experience of 14 years) Nifty Free Float Midcap 100 V - Growth - Dividend - Bonus Reg - Growth Reg - Dividend Reg - Bonus ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load # # Plans are available for subscription under all open ended schemes of Mutual Fund w.e.f 1st January Separate V will be calculated & published for respective option(s) of the Plan upon initial subscription ( in Cr.) TURN OVER Portfolio Turnover (Total) 46.69% Portfolio Turnover (Equity component only) 46.69% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) Equity & Equity Related Total Auto Atul Auto Ltd. Auto Ancillaries Amara Raja Batteries Ltd. Exide Industries Ltd. WABCO India Ltd. Banks Yes Bank Ltd. City Union Bank Ltd. DCB Bank Ltd. Cement Shree Cement Ltd. Dalmia Bharat Ltd. The Ramco Cements Ltd. J K Cement Ltd. Chemicals Vinati Organics Ltd. Solar Industries India Ltd. Navin Fluorine International Ltd. Construction KNR Constructions Ltd. Somany Ceramics Ltd. Nbcc India Ltd. Brigade Enterprises Ltd. Construction Project Sadbhav Engineering Ltd. NCC Ltd. Sadbhav Infrastructure Project Ltd. Engineers India Ltd. Consumer Durables IFB Industries Ltd. Blue Star Ltd. Fertilisers Chambal Fertiliser & Chemicals Ltd. Finance Muthoot Finance Ltd. Equitas Holdings Ltd. Top 10 Holdings Equity Issuer Name Future Retail Ltd. KNR Construction Yes Bank Ltd. Shree Cement Ltd. Piramal Enterprises Ltd. IFB Industries Ltd. Sadbhav Engineering Ltd. Dalmia Bharat Ltd. Future Consumer Ltd. Gujarat State Petronet Ltd. Total No. of Shares Lakhs % of Assets % to V Gas Gujarat State Petronet Ltd. Petronet Lng Ltd. Industrial Capital Goods Bharat Electronics Ltd. Industrial Products Mahindra CIE Automotive Ltd. AIA Engineering Ltd. Fag Bearings Ltd. Nilkamal Ltd. Media & Entertainment Inox Leisure Ltd. Paper Tamilnadu Newsprint & Papers Ltd. Pesticides Bayer Cropscience Ltd. Rallis India Ltd. P.I. Industries Ltd. Pharmaceuticals Piramal Enterprises Ltd. Strides Shasun Ltd. Eris Lifesciences Ltd. Retailing Future Retail Ltd. Future Consumer Ltd. Aditya Birla Fashion & Retail Ltd. Software Elxsi Ltd. Textile Products Trident Ltd. Transportation Cox & Kings Ltd. Interglobe Aviation Ltd. Other Equities^ Repo Net Current Liabilities No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Lakhs SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Nifty Free Float Midcap 100 B Nifty Free Float Midcap 100 Total Value of AB Nifty 50 AB Nifty , % 134, % 130, % 452, % 472, % 412, % 1,087, % 1,019, % 798, % 840,000 1,802, % 1,566, % 1,221, % 1,200,000 3,252, % 2,706, % 2,020, % 2,760,000 18,538, % 15,971, % 10,172, % (Inception date 01-Jul-1994) (First Installment date 01-Jul-1994) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performace refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer % of Assets Industry Allocation Cement 8.47% Retailing 8.19% Banks 8.18% Industrial Products 7.91% Construction 7.82% Construction Project 7.39% Pharmaceuticals 7.35% Chemicals 5.35% Pesticides 5.33% Auto Ancillaries 4.96% Consumer Durables 4.47% Finance 4.42% Gas 3.62% Transportation 3.61% Media & Entertainment 1.92% Industrial Capital Goods 1.47% V Software 1.31% Textile Products 1.22% Fertilisers 1.17% Paper 1.11% Auto 1.05% Ferrous Metals 0.63% Healthcare Services 0.53% Hotels, Resort And Other 0.44% 0.00% 5.00% 10.00% V Movement 180 Mid Cap Growth Fund - Reg - Dividend Nifty Free Float Midcap Jun-14 Jun-15 Jun-16 Jun-17 13

14 Dividend Yield Fund (An Open-Ended Equity Scheme) Primarily focuses on investing in high dividend yield stocks. Minimum 70% of the net assets shall be invested in stocks having dividend yield higher than dividend yield of S&P BSE SENSEX stocks. To provide income distribution and / or medium to long term capital gains by investing predominantly in high dividend yield stocks. November 22, 2004 FUND MAGER Rupesh Patel (Managing Since 7-Jun-13 and overall experience of 17 years) Nifty 500 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 29.92% Sharpe Ratio Dividend Yield MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable * ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 * For S&P BSE Sensex 1% if redeemed on or before expiry of 365 days from the date of allotment. Equity & Equity Related Total Auto Bajaj Auto Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. Karur Vysa Bank Ltd. Construction Project Engineers India Ltd. Sadbhav Engineering Ltd. Consumer Non Durables ITC Ltd. Hindustan Unilever Ltd. CCL Products India Ltd. MPS Ltd. Finance Manappuram Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Muthoot Finance Ltd. Rural Electrification Corp. Ltd. Industrial Capital Goods Siemens Ltd. Industrial Products Finolex Industries Ltd. Swaraj Engines Ltd. Cummins India Ltd. Media & Entertainment Sun TV Network Ltd. No. of Shares Lakhs Minerals/Mining Coal India Ltd. Gujarat Mineral Dev Corp Ltd. Oil Oil & Natural Gas Co. Power Power Grid Corporation Of India Ltd. Torrent Power Ltd. Pharmaceuticals Strides Shasun Ltd. Software HCL Technologies Ltd. Infosys Ltd. NIIT Technologies Ltd. Eclerx Services Ltd. Mphasis Ltd. Transportation Interglobe Aviation Ltd. Other Equities^ Repo Net Current Liabilities No. of Shares Lakhs % of Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Nifty 500 B Nifty 500 Total Value of AB Nifty 50 AB Nifty , % 132, % 130, % 449, % 432, % 412, % 932, % 863, % 798, % 840,000 1,471, % 1,323, % 1,221, % 1,200,000 2,772, % 2,190, % 2,020, % 1,510,000 4,382, % 3,264, % 3,070, % (Inception date 22-Nov-2004) (First Installment date 01-Dec-2004) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name ITC Ltd. Power Grid Corporation Of India Ltd. Manappuram Finance Ltd. Sun TV Network Ltd. HCL Technologies Ltd. HDFC Bank Ltd. Finolex Industries Ltd. ICICI Bank Ltd. ICICI Prudential Life Insurance Company Ltd. Strides Shasun Ltd. Total % of Assets % to V ^ Exposure less than 1% has been clubbed under Other Equities Industry Allocation Software Finance Consumer Non Durables Banks Industrial Products Power Media & Entertainment Construction Project Pharmaceuticals Auto Minerals/mining Transportation Industrial Capital Goods Oil Fertilisers 7.14% 5.18% 4.56% 4.16% 3.85% 3.07% 2.12% 1.62% 1.43% 0.71% 14.48% 13.73% 12.88% 11.59% 11.24% 0.00% 5.00% 10.00% 15.00% 20.00% V Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 58.71% 34.42% 6.87% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 160 Dividend Yield Fund - Reg - Growth Nifty Jun-14 Jun-15 Jun-16 Jun-17 14

15 India Tax Savings Fund (Erstwhile known as Long Term Equity Fund; renamed w.e.f December 21, 2015) (An Open-Ended Equity Linked Saving Scheme (ELSS) for residents with a lock-in period of s) Sharpe Ratio An equity linked tax savings scheme (ELSS) that aims to provide medium to long term capital gains along with income tax benefit under Section 80C of the Income Tax Act. To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation. March 31,1996 FUND MAGER Rupesh Patel (Managing Since 1-Apr-15 and overall experience of 17 years) S&P BSE Sensex V - Dividend Reg - Dividend - Growth Reg- Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 500/- and in multiples of 500/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 500/- and multiples of 500/- thereafter. Entry Load Not Applicable Exit Load % 50.53% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Nil (Compulsory lock-in period for 3 years) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Equity & Equity Related Total Auto Motors Ltd. TVS Motor Company Ltd. Maruti Suzuki India Ltd. Auto Ancillaries Exide Industries Ltd. Banks ICICI Bank Ltd. HDFC Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank Ltd. State Bank Of India DCB Bank Ltd. Cement Dalmia Bharat Ltd. Shree Cement Ltd. Chemicals Vinati Organics Ltd. Construction Somany Ceramics Ltd. KNR Constructions Ltd. Brigade Enterprises Ltd. Construction Project Larsen & Toubro Ltd. NCC Ltd. Consumer Non Durables ITC Ltd. Ferrous Metals Steel Ltd. Shankara Building Products Ltd. Fertilisers Chambal Fertiliser & Chemicals Ltd. Finance Housing Development Finance Ltd. Bajaj Finance Ltd. Equitas Holdings Ltd. Muthoot Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Top 10 Holdings Equity Issuer Name ICICI Bank Ltd. HDFC Bank Ltd. ITC Ltd. Yes Bank Ltd. Motors Ltd. Future Retail Ltd. HCL Technologies Ltd. Steel Ltd. Avenue Supermarts Ltd. Somany Ceramics Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap No. of Shares Lakhs % of Assets % to V % 36.55% 8.42% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). Healthcare Services Apollo Hospitals Enterprise Ltd. Industrial Products Cummins India Ltd. Finolex Industries Ltd. Mahindra Cie Automotive Ltd. Media & Entertainment Inox Leisure Ltd. Oil Oil & Natural Gas Co. Pharmaceuticals Eris Lifesciences Ltd. Natco Pharma Ltd. Sun Pharmaceutical Industries Ltd. Strides Shasun Ltd. Power Power Grid Corporation Of India Ltd. Torrent Power Ltd. Retailing Future Retail Ltd. Avenue Supermarts Ltd. Future Consumer Ltd. Aditya Birla Fashion & Retail Ltd. Software HCL Technologies Ltd. Transportation Cox & Kings Ltd. Other Equities^ Repo Cash / Net Current Asset No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Lakhs SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 31-Mar-1996) (First Installment date 01-Jul-1996) 134, % 130, % 466, % 408, % 1,010, % 784, % 840,000 1,626, % 1,197, % 1,200,000 2,855, % 1,975, % 2,520,000 32,012, % 11,280, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer % of Assets Industry Allocation Banks 18.96% Finance 8.82% Retailing 7.69% Pharmaceuticals 6.80% Auto 6.22% Industrial Products 6.14% Cement 5.82% Construction 4.75% Construction Project 4.29% Consumer Non Durables 3.98% Ferrous Metals 3.66% Power 2.50% Software 2.41% Chemicals 2.36% Transportation 2.04% Consumer Durables 1.82% V Healthcare Services 1.81% Oil 1.67% Auto Ancillaries 1.28% Fertilisers 1.21% Media & Entertainment 1.07% Industrial Capital Goods 0.80% Gas 0.75% Hotels, Resort And Other 0.72% 0.00% 5.00% 10.00% 15.00% 20.00% V Movement 180 India Tax Savings Fund - Reg - Dividend S&P BSE Sensex Jun-14 Jun-15 Jun-16 Jun-17 15

16 Banking & Financial Services Fund (An Open-Ended Banking & Financial Services Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Pradeep Gokhale (Managing Since 28-Dec-15 and overall experience of 26 years) Nifty Financial Services V - Dividend - Growth - Dividend - Growth ( in Cr.) ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter. Sharpe Ratio Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 NIL (w.e.f. 01st January, 2017) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Equity & Equity Related Total Banks Yes Bank Ltd. HDFC Bank Ltd. DCB Bank Ltd. Kotak Mahindra Bank Ltd. ICICI Bank Ltd. City Union Bank Ltd. Federal Bank Ltd. Bank Of Baroda Finance Muthoot Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Max Financial Services Ltd. Bajaj Finserv Ltd. Housing Development Finance Ltd. Bajaj Finance Ltd. Power Finance Corporation Ltd. Gruh Finance Ltd. Central Depository Services (India) Ltd. (Anchor) JM Financial Ltd. Dewan Housing Finance Corporation Ltd. Indiabulls Housing Finance Ltd. No. of Shares % of Lakhs Assets ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter % 67.19% Other Equities^ Repo Net Current Liabilities ^ Exposure less than 1% has been clubbed under Other Equities Digital India Fund (An Open-Ended Information Technology Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Information Technology sector in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28,2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr - 16 and overall experience of 20 years) & Pradeep Gokhale (Managing Since 28-Dec-15 and overall experience of 26 years) S&P BSE IT V - Dividend - Growth - Dividend - Growth MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Software Infosys Ltd. Consultancy Services Ltd. Elxsi Ltd. HCL Technologies Ltd. Persistent Systems Ltd. Oracle Financials Services Soft Ltd. Info Edge (India) Ltd. Tech Mahindra Ltd. Mphasis Ltd. Niit Technologies Ltd. Wipro Ltd. Sonata Software Ltd. Eclerx Services Ltd. Repo Cash / Net Current Asset No. of Shares % of Lakhs Assets ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 37.98% 37.98% 16

17 India Consumer Fund (An Open-Ended Consumption Oriented Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty India Consumption V - Dividend - Growth - Dividend - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter % 68.87% ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio Entry Load Exit Load Not Applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Bajaj Auto Ltd. Eicher Motors Ltd. Auto Ancillaries Ceat Ltd. WABCO India Ltd. Consumer Durables Whirlpool Of India Ltd. Bata India Ltd. Titan Company Ltd. Century Plyboards (India) Ltd. Greenply Industries Ltd. Consumer Non Durables ITC Ltd. Heritage Foods Ltd. Eveready Industries India Ltd. Britannia Industries Ltd. Marico Ltd. Colgate-Palmolive India Ltd. Godrej Industries Ltd. Godrej Consumer Products Ltd. VST Industries Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Sun Tv Network Ltd. D.B.Corp Ltd. Zee Learn Ltd. Retailing Future Retail Ltd. Avenue Supermarts Ltd. Future Consumer Ltd. Textile Products Raymond Ltd. Mayur Uniquoters Ltd. Page Industries Ltd. Repo Cash / Net Current Asset No. of Shares % of Lakhs Assets India Pharma & Healthcare Fund (An Open-Ended India Pharma & Healthcare Services Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Pharma & Healthcare sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the pharma & healthcare sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr - 16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty Pharma V - Dividend - Growth - Dividend - Growth ( in Cr.) ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter. Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 50 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable Equity & Equity Related Total Healthcare Services Healthcare Global Enterprises Ltd. Apollo Hospitals Enterprise Ltd. Max India Ltd. Dr. Lal Path Labs Ltd. Thyrocare Technologies Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Natco Pharma Ltd. Piramal Enterprises Ltd. Aurobindo Pharma Ltd. Alembic Pharmaceuticals Ltd. Strides Shasun Ltd. Dishman Carbogen Amcis Ltd. Syngene International Ltd. Sanofi India Ltd. IPCA Laboratories Ltd. Abbott India Ltd. No. of Shares % of Lakhs Assets ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 82.86% 82.86% Other Equities^ Repo Net Current Liabilities MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT ^ Exposure less than 1% has been clubbed under Other Equities 5,000/- and in multiples of Re. 1/- thereafter. 17

18 Resources & Energy Fund (An Open-Ended Resources & Energy Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty Commodities V - Dividend - Growth - Dividend - Growth ( in Cr.) ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Cement Ultratech Cement Ltd. Ambuja Cements Ltd. Shree Cement Ltd. Grasim Industries Ltd. The Ramco Cements Ltd. Chemicals Chemicals Ltd. Vinati Organics Ltd. Ferrous Metals Metaliks Ltd. Steel Ltd. Fertilisers Chambal Fertiliser & Chemicals Ltd. Gas Gail ( India ) Ltd. Petronet Lng Ltd. Aegis Logistics Ltd. Gujarat State Petronet Ltd. Gujarat Gas Ltd. Minerals/Mining Coal India Ltd. Gujarat Mineral Dev Corp Ltd. Non - Ferrous Metals Vedanta Ltd. Hindalco Industries Ltd. National Aluminium Co. Ltd. Oil Oil & Natural Gas Co. Pesticides Bayer Cropscience Ltd. Rallis India Ltd. No. of Shares Lakhs % of Assets ( in Cr.) TURNOVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter % 68.07% Petroleum Products Indian Oil Corporation Ltd. Castrol India Ltd. Power Power Grid Corporation Of India Ltd. Power Company Ltd. Other Equities^ Repo Cash / Net Current Asset ^ Exposure less than 1% has been clubbed under Other Equities

19 Infrastructure Fund (An Open-Ended Equity Scheme) Primarily focuses on equity / equity related instruments of the companies in the Infrastructure sector in India. To provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instruments of the companies in the infrastructure sector. December 31, 2004 FUND MAGER Rupesh Patel (Managing Since 1-Jan-14 and overall experience of 17 years) Nifty 500 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 33.16% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 47 Equity & Equity Related Total Banks HDFC Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. State Bank Of India Bank Of Baroda Cement Shree Cement Ltd. The Ramco Cements Ltd. Ultratech Cement Ltd. J K Cement Ltd. Chemicals Solar Industries India Ltd. Construction KNR Constructions Ltd. NBCC India Ltd. Construction Project Sadbhav Engineering Ltd. Larsen & Toubro Ltd. NCC Ltd. Engineers India Ltd. Sadbhav Infrastructure Project Ltd. Engineering Services VA Tech Wabag Ltd. Ferrous Metals Steel Ltd. Finance Rural Electrification Corp. Ltd. Gas Gujarat State Petronet Ltd. No. of Shares SIP - If you had invested INR every month Lakhs % of Assets Industrial Capital Goods Bharat Electronics Ltd. ABB India Ltd. Thermax Ltd. Siemens Ltd. Industrial Products Astral Poly Technik Ltd. AIA Engineering Ltd. Cummins India Ltd. Finolex Cables Ltd. Timken India Ltd. Fag Bearings Ltd. Ador Welding Ltd. Grindwell Norton Ltd. Media & Entertainment Inox Leisure Ltd. Power Power Grid Corporation Of India Ltd. Kalpataru Power Transmission Ltd. Transportation Container Corporation Of India Ltd. Other Equities^ Repo Net Current Liabilities No. of Shares Lakhs 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Nifty 500 B Nifty 500 Total Value of AB Nifty 50 AB Nifty , % 132, % 130, % 445, % 432, % 412, % 924, % 863, % 798, % 840,000 1,344, % 1,323, % 1,221, % 1,200,000 2,042, % 2,190, % 2,020, % 1,490,000 3,012, % 3,168, % 2,976, % (Inception date 31-Dec-2004) (First Installment date 01-Feb-2005) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer ^ Exposure less than 1% has been clubbed under Other Equities % of Assets ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) Top 10 Holdings Equity Issuer Name KNR Construction Sadbhav Engineering Ltd. Larsen & Toubro Ltd. Shree Cement Ltd. HDFC Bank Ltd. Power Grid Corporation Of India Ltd. The Ramco Cements Ltd. ICICI Bank Ltd. Yes Bank Ltd. Gujarat State Petronet Ltd. Total % to V Industry Allocation Construction Project Banks Industrial Products Cement Construction Power Industrial Capital Goods Ferrous Metals Gas Media & Entertainment Engineering Services Transportation Chemicals Finance Oil 2.95% 2.95% 1.51% 1.42% 1.38% 1.13% 1.11% 0.91% 7.62% 6.83% 6.64% 16.96% 15.89% 15.51% 13.85% 0.00% 5.00% 10.00% 15.00% 20.00% V Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 47.41% 43.77% 8.82% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 160 Infrastructure Fund - Reg - Growth Nifty Jun-14 Jun-15 Jun-16 Jun-17 19

20 Balanced Fund (An Open-Ended Balanced Scheme) Invests 65% to 75% investment in Equity & equity related instruments & 25% to 35% in debt & money market instruments. For taxation purpose, it is treated as an equity scheme. (Monthly Income is not assured and is subject to availability of distributable surplus.). To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. October 8, 1995 FUND MAGER Pradeep Gokhale (Managing Since 1-Apr-16 and overall experience of 26 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) CRISIL Balanced Fund - Aggressive Index V - Growth - Dividend - Monthly Dividend Reg - Growth Reg - Dividend Reg - Monthly Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) % Portfolio Turnover (Equity component only) 38.72% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 Modified Duration 3.92 Years Average Maturity 8.04 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 6.60% 6.80% 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) Company Name Equity & Equity Related Total Auto Motors Ltd. Maruti Suzuki India Ltd. Auto Ancillaries Motherson Sumi Systems Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. State Bank Of India Kotak Mahindra Bank Ltd. Indusind Bank Ltd. DCB Bank Ltd. Cement Shree Cement Ltd. Construction Project Larsen & Toubro Ltd. Sadbhav Engineering Ltd. Consumer Non Durables ITC Ltd. Gas Gail ( India ) Ltd. Gujarat State Petronet Ltd. Industrial Capital Goods Bharat Electronics Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Petroleum Products Reliance Industries Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Power Power Grid Corporation Of India Ltd. Retailing Aditya Birla Fashion & Retail Ltd. Software HCL Technologies Ltd. Infosys Ltd. Other Equities^ Lakhs % of Assets % to V Name of the Instrument Ratings Lakhs CBLO Repo Cash / Net Current Asset ^ Exposure less than 1% has been clubbed under Other Equities SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B CRISIL Balanced Fund - Aggressive Index B CRISIL Balanced Fund - Aggressive Index Total Value of AB S&P BSE Sensex AB S&P BSE Sensex (Inception date 08-Oct-1995) (First Installment date 01-Feb-1996) Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ICICI Bank Ltd. ITC Ltd. Power Grid Corporation Of India Ltd. Reliance Industries Ltd. HCL Technologies Ltd. Larsen & Toubro Ltd. Yes Bank Ltd. State Bank Of India Infosys Ltd. Total No. of Shares Name of the Instrument Ratings Lakhs Debt Instruments Government Securities GOI % (28/11/2051) GOI % (05/12/2033) GOI % (15/02/2027) GOI % (21/09/2027) GOI % (22/06/2024) GOI % (20/03/2029) SDL Punjab 7.07% (28/12/2020) , % 128, % 130, % % to V , % 416, % 408, % GOI % (19/12/2034) GOI % (10/10/2046) GOI % (01/12/2044) GOI % (24/11/2026) GOI % (15/05/2027) GOI % (26/12/2029) GOI % (02/07/2040) SDL Karnataka 8.40% (27/03/2018) GOI % (15/12/2023) SDL Tamilnadu 8.14% (27/05/2025) Non-Convertible Debentures/Bonds/ZCB % LIC Housing Finance Ltd % Kotak Mahindra Investments Ltd % HDFC Ltd % Power Finance Corporation % Power Finance Corporation % Indiabulls Housing Finance Ltd % HDFC Ltd % Indian Railways Finance Corporation Ltd % Rural Electrification Corp. Ltd % Reliance Jio Infocomm Ltd % Indiabulls Housing Finance Ltd % Reliance Ports & Terminals Ltd % Power Finance Corporation % Power Finance Corporation % HDFC Ltd % Nabha Power Ltd. IL&FS Ltd. - ZCB % Talwandi Sabo Power Ltd % Mahindra & Mahindra Financial Services Ltd % State Bank Of India % Power Finance Corporation % Blue Dart Express Ltd % Blue Dart Express Ltd % Blue Dart Express Ltd. Privately Placed/Unlisted % Vodafone Mobile Services Ltd. Money Market Instruments Deutsche Investment India Pvt Ltd. - CP 899, % 794, % 784, % Industry Allocation 840,000 1,474, % 1,219, % 1,197, % CRISIL- AA+ CRISIL- AA+ ICRA- AAA(so) ICRA- AAA CRISIL- AA(so) CRISIL- AA+ ICRA- AA ICRA- AA ICRA- AA CRISIL- AA 1,200,000 2,694, % 2,013, % 1,975, % % to V ,570,000 24,112, % 9,219, % 11,735, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Banks Construction Project Pharmaceuticals Software Consumer Non Durables Cement Auto Ancillaries Power Finance Auto Petroleum Products Gas Industrial Products Industrial Capital Goods Consumer Durables Media & Entertainment Retailing Minerals/mining Non - Ferrous Metals Chemicals Pesticides 5.91% 5.34% 5.24% 4.12% 3.77% 3.72% 3.24% 2.94% 2.89% 2.62% 2.43% 2.30% 1.69% 1.48% 1.40% 1.37% 0.70% 0.70% 0.46% 0.41% 20.21% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% V Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 74.86% 22.72% 2.42% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Balanced Fund - Reg - Growth CRISIL Balanced Fund - Aggressive Index Jun-14 Jun-15 Jun-16 Jun-17 20

21 Savings Equity Fund (An Open-Ended Equity Scheme) Predominantly investing in equity and equity related instruments, equity arbitrage opportunities and debt and money market instruments. The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns. April 27, 2000 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years)(for equity portfolio) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 2s) (for Debt Portfolio) Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%) V Monthly Dividend Growth Quarterly Dividend - Growth - Monthly Dividend - Quarterly Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) Sharpe Ratio Modified Duration Average Maturity MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT Growth Option Rs 5,000/- and in multiple of Re.1/- thereafter Dividend Option Rs 5,000/- and in multiple of Re.1/- thereafter ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % % **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable s 0.57 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* 1.96% 6.72% *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg 49 Total stock in Portfolio % of the applicable V, if redeemed on or before expiry of 90 days from the date of allotment. (w.e.f. Oct 1, 2016) Equity & Equity Related Total Unhedge Positions Auto Maruti Suzuki India Ltd. Bajaj Auto Ltd. Banks Yes Bank Ltd. Cement Dalmia Bharat Ltd. Grasim Industries Ltd. Chemicals Chemicals Ltd. Construction Project Engineers India Ltd. Consumer Non Durables Heritage Foods Ltd. ITC Ltd. Finance Max Financial Services Ltd. ICICI Prudential Life Insurance Company Ltd. Muthoot Finance Ltd. Bajaj Finserv Ltd. Power Finance Corporation Ltd. Bajaj Finance Ltd. Gas Gail ( India ) Ltd. Industrial Products Finolex Cables Ltd. Fag Bearings Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Paper Tamilnadu Newsprint & Papers Ltd. Petroleum Products Indian Oil Corporation Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Avenue Supermarts Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Hedge Positions Century Textiles & Industries Ltd. Century Textiles & Industries Ltd. - Futures Sun TV Network Ltd. Sun TV Network Ltd. - Futures Dewan Housing Finance Corporation Ltd. Dewan Housing Finance Corporation Ltd. - Futures Castrol India Ltd. SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%) B Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%) Total Value of AB S&P BSE Sensex AB S&P BSE Sensex (Inception date 27-Apr-2000) (First Installment date 01-May-2000) Top 10 Holdings Equity Issuer Name Max Financial Services Ltd. Yes Bank Ltd. Maruti Suzuki India Ltd. Power Grid Corporation Of India Ltd. Gail ( India ) Ltd. Future Retail Ltd. Finolex Cables Ltd. Heritage Foods Ltd. ITC Ltd. Dalmia Bharat Ltd. Total % to V % to V Market Capitalisation wise Exposure Large Cap 58.11% Mid Cap 41.89% Small Cap 0.00% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation) % to V Derivative Repo Cash / Net Current Liabilities Year 10 Year 124, % 126, % 130, % % to V % to V % to V Derivative Castrol India Ltd. - Futures TV18 Broadcast Ltd. TV18 Broadcast Ltd. - Futures JSW Steel Ltd. JSW Steel Ltd. - Futures BEML Ltd. BEML Ltd. - Futures Power Grid Corporation Of India Ltd. Power Grid Corporation Of India Ltd. - Futures Motors - DVR Motors - DVR - Futures Reliance Infrastructure Ltd. Reliance Infrastructure Ltd. - Futures Global Beverages Ltd. Global Beverages Ltd. - Futures Reliance Capital Ltd. Reliance Capital Ltd. - Futures ITC Ltd. ITC Ltd. - Futures NBCC India Ltd. NBCC India Ltd. - Futures IDFC Ltd. IDFC Ltd. - Futures Mahindra & Mahindra Ltd. Mahindra & Mahindra Ltd. - Futures Granules India Ltd. Granules India Ltd. - Futures Muthoot Finance Ltd. Muthoot Finance Ltd. - Futures Infosys Ltd. Infosys Ltd. - Futures Zee Entertainment Enterprises Ltd. Zee Entertainment Enterprises Ltd. - Futures Name of the Instrument Ratings % to V Debt Instruments Non-Convertible Debentures/Bonds % Reliance Utilities And Power Private Ltd % Rural Electrification Corp. Ltd % Reliance Ports & Terminals Ltd % Nhpc Ltd % Reliance Jio Infocomm Ltd % Power Finance Corporation % Rural Electrification Corp. Ltd % Rural Electrification Corp. Ltd. Margin Deposits HDFC Bank Ltd. Cash (Placed as Margin Money ) 400, % 410, % 408, % 723, % 766, % 784, % 840,000 1,091, % 1,178, % 1,197, % 1,200,000 1,711, % 1,930, % 1,971, % ,060,000 3,877, % 5,172,675 Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer 9.89% 7,427, % Industry Allocation Finance 2.04% Auto 0.77% Consumer Non Durables 0.77% Banks 0.69% Industrial Products 0.64% Retailing 0.62% Cement 0.61% Power 0.51% Gas 0.46% Textile Products 0.33% Media & Entertainment 0.25% Chemicals 0.23% Construction Project 0.23% Transportation 0.19% Paper 0.19% Petroleum Products 0.17% 0.00% % 2.00% 3.00% V Movement 130 Saving Equity Fund - Reg - Mthly Dividend Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Jul-15 Mar-16 Nov-16 Jun-17 21

22 Dynamic Bond Fund (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ Aims to create a liquid portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity. To provide reasonable returns and high level of liquidity by investing in debt instruments including bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, as permitted by regulation so as to spread the risk across different kinds of issuers in the debt markets. September 03,2003 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) I-Sec Composite Index V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Modified Duration Average Maturity 6.57 Years 11.0s Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter % 6.96% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg 49 Entry Load Not Applicable Exit Load 0.50% of V if redeemed on or before expiry of 180 days from the date of allotment. Name of the Instrument Debt Instruments Government Securities GOI % (15/05/2027) GOI % (05/12/2033) GOI % (19/12/2034) GOI % (22/06/2024) GOI % (01/12/2044) GOI % (28/11/2051) GOI % (19/03/2030) GOI % (26/10/2055) Non-Convertible Debentures/Bonds % Indian Railways Finance Corporation Ltd % Power Grid Corporation Of India Ltd % Reliance Jio Infocomm Ltd % Bajaj Finance Ltd % Power Finance Corporation % EXIM Ratings Lakhs % to V Name of the Instrument CBLO Repo Net Current Liabilities Ratings Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB Crisil 10 Yr Gilt Index AB Crisil 10 Yr Gilt Index 126, % 125, % 125, % 417, % 420, % 420, % 775, % 777, % 761, % 840,000 1,195, % 1,199, % 1,145, % 1,200,000 1,896, % 1,947, % 1,792, % 1,650,000 2,969, % 3,121, % 2,768, % (Inception date 03-Sep-2003) (First Installment date 01-Oct-2003) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 13.53% 55.59% Maturity Ladder 30.88% A1+ / AAA Cash & Cash Equivalents Instrument Wise Composition 13.53% 55.59% V Movement 30.88% NCD - Non Convertible Deb Government Securities Cash & Cash Equivalents Cash & Others -7.63% Abv 10 Yrs 30.28% 7-10 Yrs 35.95% 3-7 Yrs 15.91% 1-3 Yrs 4.34% 0-1 Yrs 21.16% % -2.00% 12.00% 26.00% 40.00% 140 Dynamic Bond Fund - Reg - Growth I-Sec Composite Index Jun-14 Jun-15 Jun-16 Jun-17 22

23 Medium Term Fund (An Open-Ended Debt Scheme) (Erstwhile known as Income Plus Fund; renamed w.e.f March 17, 2017) Modified Duration Average Maturity The aim of the Fund Manager is to identify and allocate the assets of the scheme between various fixed income securities with the objective of generate reasonable returns at moderate risk. The security will be identified based on various parameters such as issuer's credit rating history, financial track record of the issuer, corporate governance track record of the issuer, liquidity of the security, maturity of the security, interest rate scenario etc. Depending upon prevailing market conditions & interest rate scenario, the portfolio duration and average maturity can be increased or decreased within the range of three to seven years. In case of a rising interest rate environment the duration/average maturity of the fund may be reduced whereas in a falling interest rate scenario the holding in medium/long securities may be maximized. The investment objective of the scheme is to generate income & capital appreciation through a portfolio constituted of medium term debt instruments & money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. November 11,2002 FUND MAGER Murthy Nagarajan (Managing Since 1-Apr-17 and overall experience of 2s) Crisil Composite Bond Fund Index V - Growth - Bonus Reg - Growth Reg - Dividend ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets Years 4.7s ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg 49 1% of V if redeemed on or before expiry of 365 days from the date of allotment. 7.09% 7.20% Name of the Instrument Ratings Lakhs Debt Instruments Government Securities GOI % (20/03/2029) GOI % (22/06/2024) GOI % (05/12/2033) Non-Convertible Debentures/Bonds % Aditya Birla Nuvo Ltd % Petronet LNG Ltd % Reliance Jio Infocomm Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation % Reliance Ports & Terminals Ltd % HDFC Ltd % Rural Electrification Corp. Ltd. Privately Placed/Unlisted % Daimler Financial Services India Private Ltd % to V Name of the Instrument Repo Cash / Net Current Asset Ratings Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Composite Bond Fund Index B Crisil Composite Bond Fund Index Total Value of AB Crisil 10 Yr Gilt Index AB Crisil 10 Yr Gilt Index 125, % 125, % 125, % 411, % 420, % 420, % 753, % 775, % 761, % 840,000 1,154, % 1,185, % 1,145, % 1,200,000 1,836, % 1,899, % 1,792, % 1,740,000 3,073, % 3,188, % 2,977, % (Inception date 11-Nov-2002) (First Installment date 01-Jan-2003) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 17.08% 21.11% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 21.31% 1.52% 5.41% CRISIL- AA+ ICRA- AA % 15.80% IND AAA 18.99% A1+ / AAA AA+ / AA Cash & Cash Equivalents 27.08% 31.20% 0.00% 10.00% 20.00% 30.00% 40.00% Instrument Wise Composition 21.11% 17.07% V Movement % Medium Term Fund - Reg - Growth Crisil Composite Bond Fund Index NCD - Non Convertible Deb Government Securities Cash & Cash Equivalents 100 Jun-14 Jun-15 Jun-16 Jun-17 23

24 Long Term Debt Fund (Erstwhile known as Income Fund; renamed w.e.f December 1, 2016) (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ An income scheme with exposure to rated debt instruments with medium to long term maturity. To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of safety and capital appreciation. April 28, 1997 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) Crisil Composite Bond Fund Index V - Growth - Half Yearly Dividend - Quarterly Dividend - Bonus Reg - Growth Reg - Half Yearly Dividend Reg - Quarterly Dividend Reg- Periodic Dividend Reg - Bonus Dir- Periodic Dividend ( in Cr.) ( in Cr.) Modified Duration Average Maturity Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT Half Yearly Dividend Plan, Periodic Dividend Plan, rowth Plan, Bonus Plan 5,000/- and in multiples of Re. 1/- thereafter. Quarterly Dividend Plan 10,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load 1% if redeemed before expiry of 365 days from the date of allotment(w.e.f. 1st July, 2014) Years Years ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. 6.87% 7.11% Name of the Instrument Debt Instruments Government Securities GOI % (05/12/2033) GOI % (28/11/2051) GOI % (01/12/2044) GOI % (22/06/2024) SDL Tamilnadu 8.56% (23/01/2023) SDL Gujarat 8.15% (26/11/2025) SDL Karnataka 8.05% (25/02/2025) GOI % (19/03/2030) GOI % (26/12/2029) Non-Convertible Debentures/Bonds % Reliance Ports & Terminals Ltd % Indian Railways Finance Corporation Ltd % IOT Utkal Energy Services Ltd % Reliance Jio Infocomm Ltd % Reliance Jio Infocomm Ltd % Power Grid Corporation Of India Ltd. Privately Placed/unlisted % Daimler Financial Services India Private Ltd. Ratings (so) CARE- AAA IND AAA Lakhs % to V Name of the Instrument Repo Cash / Net Current Asset Ratings Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Composite Bond Fund Index B Crisil Composite Bond Fund Index Total Value of AB Crisil 10 Yr Gilt Index AB Crisil 10 Yr Gilt Index 125, % 125, % 125, % 415, % 420, % 420, % 761, % 775, % 761, % 840,000 1,172, % 1,185, % 1,145, % 1,200,000 1,845, % 1,899, % 1,792, % 2,390,000 5,454, % 5,063, % 5,011, % (Inception date 28-Apr-1997) (First Installment date 01-Aug-1997) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 21.67% 43.31% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 3.31% 35.02% A1+ / AAA 10.98% 20.66% 14.13% 18.75% Cash & Cash Equivalents 32.17% 0.00% 10.00% 20.00% 30.00% 40.00% Instrument Wise Composition 5.55% 21.67% NCD - Non Convertible Deb 37.76% V Movement % Government Securities State Development Loans Cash & Cash Equivalents Long Term Debt Fund - Reg - Growth Crisil Composite Bond Fund Index 100 Jun-14 Jun-15 Jun-16 Jun-17 24

25 Short Term Bond Fund (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ A debt scheme that invests in short term debt instruments having high level of liquidity. To create a liquid portfolio of debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unitholders. August 8, 2002 FUND MAGER Murthy Nagarajan (Managing Since 1-Apr-17 and overall experience of 2s) Crisil Short Term Bond Fund Index V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL (w.e.f. 7th July, 2017) Modified Duration Average Maturity 2.1s 2.77 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. 6.96% 7.13% Name of the Instrument Debt Instruments Government Securities SDL Punjab 7.07% (28/12/2020) GOI % (19/12/2034) GOI % (05/12/2033) SDL Andhra Pradesh 8.39% (24/11/2020) SDL Punjab 6.90% (11/01/2021) SDL Rajasthan Uday 8.15% (23/06/2021) SDL Kerala 8.85% (18/07/2022) GOI % (20/03/2029) SDL Punjab 6.99% (13/10/2020) GOI % (15/05/2027) GOI % (02/08/2022) GOI % (26/12/2029) GOI % (20/05/2023) SDL Maharashtra 8.90% (19/12/2022) SDL Punjab 8.34% (06/10/2020) GOI % (22/06/2024) GOI % (02/06/2028) GOI % (15/02/2022) GOI % (19/12/2022) SDL Rajasthan Uday 8.39% (15/03/2018) GOI % (15/12/2023) GOI % (09/06/2020) Non-Convertible Debentures/Bonds/ZCB % Indian Railways Finance Corporation Ltd % Indian Railways Finance Corporation Ltd % Power Finance Corporation % HDFC Ltd % Reliance Ports & Terminals Ltd % Reliance Jio Infocomm Ltd % Kotak Mahindra Prime Ltd % HDFC Ltd. HDB Financial Services Ltd. - Zcb % LIC Housing Finance Ltd % Reliance Jio Infocomm Ltd % Reliance Jio Infocomm Ltd % Reliance Jio Infocomm Ltd % HDB Financial Services Ltd % HDFC Ltd % HDFC Ltd % Power Finance Corporation % Kotak Mahindra Prime Ltd % Kotak Mahindra Investments Ltd % Bajaj Finance Ltd % Nabha Power Ltd % Rural Electrification Corp. Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation % Ultratech Cement Ltd % Power Finance Corporation % LIC Housing Finance Ltd % Hdb Financial Services Ltd % LIC Housing Finance Ltd % Nabard % Power Finance Corporation % LIC Housing Finance Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation Ratings CARE- AAA CARE- AAA ICRA- AAA(so) Lakhs % to V Name of the Instrument Ratings Lakhs % Kotak Mahindra Investments Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % Rural Electrification Corp. Ltd % Reliance Jio Infocomm Ltd % LIC Housing Finance Ltd % Power Finance Corporation % LIC Housing Finance Ltd % LIC Housing Finance Ltd % IDFC Bank Ltd % Nabha Power Ltd % HDB Financial Services Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % IDFC Bank Ltd % HDFC Ltd % Orix Leasing & Financial Services India Ltd % Nabard % Power Finance Corporation % Indian Railways Finance Corporation Ltd % IOT Utkal Energy Services Ltd % LIC Housing Finance Ltd % HDFC Ltd % Power Grid Corporation Of India Ltd % Indian Railways Finance Corporation Ltd % Power Finance Corporation % LIC Housing Finance Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation Privately Placed/Unlisted % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd % Gruh Finance Ltd. Money Market Instruments ICICI Bank Ltd. - CD Axis Bank Ltd. - CD IL&FS Financial Ser Ltd. - CP Axis Bank Ltd. - CD IDFC Bank Ltd. - CD Barclays Investments & Loans (india) Ltd. - CP Axis Bank Ltd. - CD HDFC Ltd. - CP ICICI Bank Ltd. - CD IL&FS Financial Ser Ltd. - CP CBLO Repo Cash / Net Current Asset ICRA- AAA ICRA- AAA(so) ICRA- AAA FITCH AAA (so) IND AAA IND AAA IND AAA SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Short Term Bond Fund Index B Crisil Short Term Bond Fund Index Total Value of AB Crisil 1 Yr T-Bill Index AB Crisil 1 Yr T-Bill Index (Inception date 08-Aug-2002) (First Installment date 01-Sep-2002) 124, % 124, % 123, % 407, % 410, % 400, % 747, % 753, % 721, % 840,000 1,152, % 1,156, % 1,088, % 1,200,000 1,870, % 1,867, % 1,705, % 1,780,000 3,424, % 3,326, % 2,924, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings Instrument Wise Composition 7.34% 7.33% 6.89% NCD - Non Convertible Deb 13.62% A1+ / AAA Government Securities 8.42% Zero Coupon Bonds 2.92% 1.95% Commercial Papers Certificate Of Deposit 6.74% Cash & Cash Equivalents 65.75% State Development Loans 79.04% Cash & Cash Equivalents % to V Maturity Ladder Cash & Others 1.03% Abv 10 Yrs 4.56% 7-10 Yrs 3.54% 3-7 Yrs 18.41% 1-3 Yrs 41.49% 0-1 Yrs 30.97% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement Short Term Bond Fund - Reg - Growth Crisil Short Term Bond Fund Index Jun-14 Jun-15 Jun-16 Jun-17 25

26 Corporate Bond Fund (An Open-Ended Debt Scheme) (Erstwhile known as Treasury Manager Fund; renamed w.e.f March 17, 2017) The Scheme endeavors to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum. The Scheme will seek opportunities across the credit curve and will endeavor to take benefit from superior yield available from time to time. The investment objective of the scheme is to generate returns over short to medium term by investing predominantly in corporate debt instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn't assure or guarantee any returns. July 13,2007 FUND MAGER Amit Somani (Managing Since 21-May-14 and overall experience of 16 years) Crisil Short Term Bond Fund Index V - Growth - Monthly Dividend - Weekly Dividend - Daily Dividend Reg - Growth Reg - Monthly Dividend Reg - Weekly Dividend Reg - Daily Dividend ( in Cr.) ( in Cr.) Modified Duration Average Maturity ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable s 1.38 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.17% 7.29% Name of the Instrument Ratings % to Name of the Instrument Ratings Lakhs V Debt Instruments Non-Convertible Debentures/Bonds % Piramal Enterprises Ltd % Power Finance Corporation % BARD % Nabha Power Ltd % IL&FS Financial Ser Ltd % Power Grid Corporation Of India Ltd % Trent Ltd % National Highways Authority Of India % HDFC Ltd % Power Company Ltd % J.M. Financial Products Ltd % Rural Electrification Corp. Ltd % Capital Financial Services Ltd % L&T Infra Debt Fund Ltd % Indian Railways Finance Corporation Ltd. Privately Placed/Unlisted % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd. Repo Cash / Net Current Asset Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Short Term Bond Fund Index B Crisil Short Term Bond Fund Index Total Value of AB Crisil 1 Yr T-Bill Index AB Crisil 1 Yr T-Bill Index 124, % 124, % 123, % (Inception date 13-Jul-2007) (First Installment date 01-Aug-2007) Composition by Ratings 7.77% 4.93% ICRA- AA ICRA- AAA(so) CARE- AAA CARE- AA+ CRISIL- AA- CRISIL- AA CRISIL- AA+ IND AAA IND AAA , % 410, % 400, % Money Market Instruments HDFC Bank Ltd. - CD Piramal Finance Ltd. - CP Indus Towers Ltd. - CP Indiabulls Housing Finance Ltd. - CP 735, % 753, % 721, % Instrument Wise Composition 840,000 1,129, % 1,156, % 1,088, % CARE- A ,190,000 1,808, % 1,845, % 1,687, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 20.74% 66.56% A1+ / AAA AA+ / AA AA- Cash & Cash Equivalents 14.15% 4.86% 7.77% NCD - Non Convertible Deb 73.22% Commercial Papers Certificate Of Deposit Cash & Cash Equivalents Exit Load Nil Maturity Ladder V Movement Cash & Others Abv 5 Yrs 3-5 Yrs 2-3 Yrs 1-2 Yrs 6-12 Mths 3-6 Mths 1-3 Mths 0-1 Mths 1.65% 0% 6.91% 9.90% 9.72% 9.79% 6.12% 19.30% 36.62% 0.00% 10.00% 20.00% 30.00% 40.00% Corporate Bond Fund - Reg - Growth Crisil Short Term Bond Fund Index 100 Jun-14 Jun-15 Jun-16 Jun-17 26

27 Ultra Short Term Fund (An Open-Ended Debt Scheme) (Erstwhile known as Floater Fund; renamed w.e.f March 17, 2017) [ICRA]AAAmfs rating by ICRA$ The Scheme will invest in various money market and fixed income securities with objective of providing liquidity and generating reasonable returns with lower interest rate risk. The average maturity of the portfolio shall be between three months to one year. The investment objective of the scheme is to generate regular income & capital appreciation by investing in a portfolio of debt & money market instruments with relatively lower interest rate risk. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. September 06,2005 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) Crisil Liquid Fund Index V - Growth - Dividend - Weekly Div - Daily Dividend Reg - Growth Reg - Dividend Reg - Weekly Div Reg - Daily Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Name of the Instrument Debt Instruments Non-Convertible Debentures/Bonds % Capital Financial Services Ltd % Indiabulls Housing Finance Ltd % Power Company Ltd % HDFC Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation % LIC Housing Finance Ltd % HDFC Ltd % Motors Finance Ltd % Reliance Jio Infocomm Ltd % Power Finance Corporation % Piramal Enterprises Ltd % Piramal Enterprises Ltd % Power Finance Corporation % Reliance Jio Infocomm Ltd % Motors Finance Ltd % Capital Housing Finance Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % Shriram Trans. Fin. Co. Ltd % Orix Leasing & Financial Services India Ltd % Indian Railways Finance Corporation Ltd % Piramal Enterprises Ltd % L&T Infra Debt Fund Ltd % Rural Electrification Corp. Ltd % HDFC Ltd % Reliance Jio Infocomm Ltd % HDFC Ltd % Reliance Jio Infocomm Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % Rural Electrification Corp. Ltd % Indian Railways Finance Corporation Ltd % Power Finance Corporation % Steel Authority Of India Ltd % Power Finance Corporation % Power Finance Corporation % Power Company Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation Privately Placed/Unlisted % Vodafone Mobile Services Ltd. Ratings CRISIL- AA+ CRISIL- AA+ CRISIL- AA- CRISIL- AA ICRA- AA ICRA- AA CRISIL- AA CRISIL- AA+ ICRA- AA FITCH AAA ICRA- AA CARE- AAA CARE- AA CRISIL- AA- CRISIL- AA Lakhs % to V Name of the Instrument % Gruh Finance Ltd % Daimler Financial Services India Private Ltd. Money Market Instruments HDFC Bank Ltd. - CD IDFC Bank Ltd. - CD Axis Bank Ltd. - CD Indusind Bank Ltd. - CD ICICI Bank Ltd. - CD Power Finance Corporation - CP EXIM - CP Indiabulls Housing Finance Ltd. - CP Indus Towers Ltd. - CP J.M. Financial Products Ltd. - CP BARD - CP Power Finance Corporation - CP J.M. Financial Products Ltd. - CP Barclays Investments & Loans (india) Ltd. - CP ICICI Bank Ltd. - CD Axis Bank Ltd. - CD Axis Bank Ltd. - CD IL & FS Financial Ser Ltd. - CP J.M. Financial Products Ltd. - CP ICICI Bank Ltd. - CD Barclays Investments & Loans (india) Ltd. - CP Deutsche Investment India Pvt Ltd. - CP CBLO Repo Cash / Net Current Asset Ratings IND AAA CARE- A1+ Lakhs % to V MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Modified Duration 9.64 Months Average Maturity Months Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 6.85% 7.03% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer Pg 49 SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB Crisil 1 Yr T-Bill Index AB Crisil 1 Yr T-Bill Index (Inception date 06-Sep-2005) (First Installment date 01-Oct-2005) Composition by Ratings 3.95% 3.94% 7 Year 10 Year 840,000 1,200,000 1,410, , , ,424 1,145,727 1,861,162 2,360, % 8.15% 8.52% 8.73% 8.50% 8.42% 124, , ,087 1,121,760 1,798,432 2,262, % 7.42% 7.96% 8.14% 7.85% 7.74% 123, , ,238 1,088,990 1,705,865 2,116, % 7.06% 7.30% 7.31% 6.84% 6.68% Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 19.13% 72.98% A1+ / AAA AA+ / AA AA- Cash & Cash Equivalents Instrument Wise Composition 20.32% 19.95% 3.95% 55.78% NCD - Non Convertible Deb Commercial Papers Certificate Of Deposit Cash & Cash Equivalents Exit Load NIL Maturity Ladder V Movement Cash & Others Abv 5 Yrs 3-5 Yrs 2-3 Yrs 1-2 Yrs 6-12 Mths 3-6 Mths 1-3 Mths 0-1 Mths 2.52% 0% 0.89% 4.62% 35.60% 13.76% 17.40% 20.99% 4.21% 0.00% 10.00% 20.00% 30.00% 40.00% Ultra Short Term Fund - Reg - Growth Crisil Liquid Fund Index 100 Jun-14 Jun-15 Jun-16 Jun-17 27

28 Money Market Fund (An Open-Ended Debt Scheme) [ICRA]A1+mfs rating by ICRA$ To create a highly liquid portfolio of money market instruments so as to provide reasonable returns and high liquidity to the unitholders. Amit Somani (Managing Since 16-Oct-13 and overall experience of 16 years) Crisil Liquid Fund Index A money market scheme (liquid fund category) that invests 100% of its net assets in Money market securities. September 01,2004 FUND MAGER V - Growth - Daily Dividend Reg - Growth Reg - Daily Dividend ( in Cr.) ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Nil **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes Borrowing cost of 0.35 in regular plan and 0.33 in plan and also excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities Modified Duration Average Maturity 1.60 Months 1.60 Months Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg % 6.61% Name of the Instrument Debt Instruments Money Market Instruments HDFC Bank Ltd. - CD Indiabulls Housing Finance Ltd. - CP Piramal Enterprises Ltd. - CP Treasury Bill 182 Days (28/07/2017) Treasury Bill 91 Days (10/08/2017) Treasury Bill 91 Days (27/07/2017) PNB Housing Finance Ltd. - CP ICICI Bank Ltd. - CD Piramal Finance Ltd. - CP PNB Housing Finance Ltd. - CP Treasury Bill 91 Days (31/08/2017) IL&FS Ltd. - CP Treasury Bill 91 Days (13/07/2017) HDFC Ltd. - CP Edelweiss Commodities Services Ltd. - CP India Infoline Housing Finance Ltd. - CP India Infoline Finance Ltd. - CP HT Media Ltd. - CP Piramal Finance Ltd. - CP Treasury Bill 91 Days (17/08/2017) India Infoline Housing Finance Ltd. - CP ICICI Bank Ltd. - CD JM Financial Asset Reconstruction Company Ltd. - CP Treasury Bill 91 Days (21/09/2017) Deepak Fert.& Petrochem. Corp Ltd. - CP Axis Bank Ltd. - CD Andhra Bank - CD Axis Bank Ltd. - CD Fedbank Financial Services Ltd. - CP JM Financial Services Ltd. - CP HDFC Bank Ltd. - CD Deepak Fert.& Petrochem. Corp Ltd. - CP Ratings Repo Net Current Liabilities SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB Crisil 1 Yr T-Bill Index AB Crisil 1 Yr T-Bill Index (Inception date 01-Sep-2004) (First Installment date 01-Oct-2004) Composition by Ratings CARE- A1+ CARE- A1+ CARE- A1+ % to Name of the Instrument Ratings Lakhs V 124, % 124, % 123, % 403, % 402, % 400, % Reliance Industries Ltd. - CP Treasury Bill 91 Days (14/09/2017) Fixed Deposit IDFC Bank Ltd. RBL Bank Ltd. Bandhan Bank 735, % 733, % 721, % Instrument Wise Composition 840,000 1,131, % 1,121, % 1,089, % 1,200,000 1,830, % 1,798, % 1,706, % Lakhs % to V ,530,000 2,621, % 2,547, % 2,367, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 24.83% 8.14% 67.03% A1+ / AAA Cash & Cash Equivalents 17.80% 8.14% 24.83% Treasury Bills Commercial Papers Certificate Of Deposit Cash & Cash Equivalents 49.23% Maturity Ladder % Cash & Others 2-3 Mths 1-2 Mths Abv Days Abv 7-15 Days 1-7 Days 6.52% 2.30% 15.78% 35.40% -6.00% 4.00% 14.00% 24.00% 34.00% 44.00% 43.00% V Movement Money Market Fund - Reg - Growth Crisil Liquid Fund Index 100 Jun-14 Jun-15 Jun-16 Jun-17 28

29 Liquid Fund (An Open-Ended Liquid Scheme) A high liquidity income scheme that aims to generate reasonable returns. To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders. May 22, 2003 FUND MAGER Amit Somani (Managing Since 16-Oct-13 and overall experience of 16 years) Crisil Liquid Fund Index V - Growth - Monthly Dividend - Weekly Dividend - Daily Dividend Reg - Growth Reg - Monthly Dividend Reg - Weekly Dividend Reg - Daily Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes Borrowing cost of 0.17 in regular plan and 0.14 in plan and also excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities Modified Duration Average Maturity MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Ni l Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets Months 1.73 Months ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg % 6.52% [ICRA]A1+mfs rating by ICRA$ Name of the Instrument Ratings Lakhs Debt Instruments Non-Convertible Debentures/Bonds % Piramal Enterprises Ltd. Money Market Instruments BARD - CP HDFC Ltd. - CP Indiabulls Housing Finance Ltd. - CP Treasury Bill 91 Days (28/09/2017) Reliance Industries Ltd. - CP HDFC Bank Ltd. - CD ICICI Bank Ltd. - CD Treasury Bill 91 Days (17/08/2017) Piramal Enterprises Ltd. - CP Treasury Bill 91 Days (31/08/2017) PNB Housing Finance Ltd. - CP Treasury Bill 182 Days (28/07/2017) Treasury Bill 91 Days (27/07/2017) Piramal Finance Ltd. - CP India Infoline Housing Finance Ltd. - CP IDFC Bank Ltd. - CD Edelweiss Commodities Services Ltd. - CP HT Media Ltd. - CP Abu Dhabi Commercial Bank Ltd. - CD India Infoline Ltd. - CP HDFC Bank Ltd. - CD Deepak Fert.& Petrochem. Corp Ltd. - CP HDFC Bank Ltd. - CD ICICI Bank Ltd. - CD ICRA- AA CARE- A1+ CARE- A1+ CARE- A JM Financial Asset Reconstruction Company Ltd. - CP Firstrand Bank Ltd. - CD Trapti Trading & Investments Pvt Ltd. - CP Treasury Bill 91 Days (13/07/2017) Hindustan Media Ventures Ltd. - CP Aditya Birla Nuvo Ltd. - CP Fedbank Financial Services Ltd. - CP Axis Bank Ltd. - CD Treasury Bill 91 Days (10/08/2017) Treasury Bill 91 Days (20/07/2017) Treasury Bill 364 Days (03/08/2017) Treasury Bill 91 Days (21/09/2017) Treasury Bill 91 Days (14/09/2017) Cash Management Bill 77 Days (16/08/2017) Cash Management Bill 63 Days (08/08/2017) Cash Management Bill 80 Days (18/09/2017) Fixed Deposit IDFC Bank Ltd. RBL Bank Ltd. Repo Cash / Net Current Asset SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB Crisil 1 Yr T-Bill Index AB Crisil 1 Yr T-Bill Index 124, % 124, % 123, % 402, % 402, % 400, % 733, % 733, % 721, % 840,000 1,128, % 1,121, % 1,089, % 1,200,000 1,824, % 1,798, % 1,706, % 1,690,000 3,032, % 2,945, % 2,716, % (Inception date 22-May-2003) (First Installment date 01-Jun-2003) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 20.84% 0.33% 10.76% 68.07% A1+ / AAA AA+ / AA Cash & Cash Equivalents % to V Name of the Instrument Ratings Lakhs Instrument Wise Composition 18.68% 10.77% 0.33% 20.84% NCD - Non Convertible Deb Treasury Bills Commercial Papers Certificate Of Deposit Cash & Cash Equivalents % to V % Maturity Ladder Cash & Others 1.79% 2-3 Mths 45.33% 1-2 Mths 27.13% Abv Days 23.50% Abv 7-15 Days 2.17% 1-7 Days 0.07% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement 130 Liquid Fund - Reg - Growth Crisil Liquid Fund Index Jun-14 Jun-15 Jun-16 Jun-17 29

30 Gilt Securities Fund (An Open-Ended Debt Scheme investing predominantly in Government Securities) A debt scheme that invests in Government securities to generate reasonable returns emphasising the importance of captial preservation. To generate risk-free return and thus provide medium to long term capital gains and income distribution to its Unitholders, while at all times emphasising the importance of capital preservation. September 6, 1999 FUND MAGER Naresh Kumar (Managing Since 1-Apr-17 and overall experience of 5.6 years) Name of the Instrument Ratings Lakhs Debt Instruments Government Securities GOI % (26/12/2029) GOI % (28/11/2051) GOI % (19/12/2034) GOI % (05/12/2033) GOI % (10/08/2034) GOI % (10/10/2046) GOI % (22/04/2020) GOI % (13/07/2019) % to V Name of the Instrument Repo Cash / Net Current Asset Ratings Lakhs % to V I-Sec Composite Index V - Growth - Dividend Reg -Growth Reg -Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Modified Duration Average Maturity 8.56 Years Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 6.80% 6.82% 0.50% of V if redeemed on or before expiry of 180 days from the date of allotment. SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB Crisil 10 Yr Gilt Index AB Crisil 10 Yr Gilt Index 127, % 125, % 125, % 423, % 420, % 420, % 786, % 777, % 761, % 840,000 1,209, % 1,199, % 1,145, % 1,200,000 1,909, % 1,947, % 1,792, % 2,130,000 4,653, % 4,683, % 4,171, % (Inception date 06-Sep-1999) (First Installment date 01-Oct-1999) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 15.32% Cash & Cash Equivalents Instrument Wise Composition 15.32% Government Securities Cash & Cash Equivalents 84.68% 84.68% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 7.99% 0.00% 0.00% 0.11% 7.32% 84.57% 0.00% 20.00% 40.00% 60.00% 80.00% % V Movement 140 Gilt Securities Fund - Reg - Growth I-Sec Composite Index Jun-14 Jun-15 Jun-16 Jun-17 30

31 Gilt Mid Term Fund (An Open-Ended Debt Scheme investing predominantly in Government Securities) A debt scheme that invests in Government securities to generate returns. Under normal circumstances the average portfolio maturity shall not exceed 1s. To provide reasonable returns and high liquidity to the Unitholders by investing predominantly in Government Securities having residual maturity upto 1s. However, there can be no assurance that the investment objective of the scheme will be realized. June 24, 2010 FUND MAGER Naresh Kumar (Managing Since 1-Apr-17 and overall experience of 5.6 years) I-Sec Composite Index V - Growth Dividend # - Quarterly Dividend # Reg - Growth Reg - Dividend Reg - Quarterly Dividend # Plans are available for subscription under all open ended schemes of Mutual Fund w.e.f 1st January Separate V will be calculated & published for respective option(s) of the Plan upon initial subscription ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Modified Duration Average Maturity Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets s 7.19 Years 6.79% 6.90% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL Name of the Instrument Debt Instruments Government Securities GOI % (20/05/2023) GOI % (21/09/2027) GOI % (14/05/2022) GOI % (15/02/2027) SDL Maharashtra 8.94% (23/07/2024) SDL Tamilnadu 8.27% (13/01/2026) GOI % (15/12/2023) SDL Tamilnadu 8.13% (14/01/2025) GOI % (22/06/2024) SDL Karnataka 7.27% (28/12/2026) SDL Tamilnadu 8.06% (25/02/2025) SDL Maharashtra 8.44% (26/11/2024) SDL Tamilnadu 7.23% (14/06/2027) Ratings Lakhs % to V Name of the Instrument Repo Cash / Net Current Asset % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB Crisil 10 Yr Gilt Index AB Crisil 10 Yr Gilt Index 124, % 125, % 125, % 415, % 420, % 420, % 774, % 777, % 761, % 840,000 1,200, % 1,199, % 1,145, % 840,000 1,200, % 1,199, % 1,145, % (Inception date 24-Jun-2010) (First Installment date 01-Jul-2010) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 5.40% 94.60% Cash & Cash Equivalents Instrument Wise Composition 11.55% 5.40% 83.05% Ratings Lakhs Government Securities State Development Loans Cash & Cash Equivalents Maturity Ladder Cash & Others 1.58% Abv 10 Yrs 19.14% 7-10 Yrs 29.87% 3-7 Yrs 45.60% 1-3 Yrs 0.00% 0-1 Yrs 3.82% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement Gilt Mid Term Fund - Reg - Growth I-Sec Composite Index 100 Jun-14 Jun-15 Jun-16 Jun-17 31

32 Retirement Savings Fund - Progressive (An Open-Ended Equity Scheme) Sharpe Ratio A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 1, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) S&P BSE Sensex V - Growth Reg - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 90.94% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 "For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load (A) If redeemed/switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. (B) In case of Auto switch-out of units on occurrence of Auto-switch trigger event - Nil. (C) For Redemption or switch-out of units in other cases (i.e. switch out other than auto switch-out on trigger event & redemption/ switch-out before the attainment of retirement age i.e. 60years) following exit load will be applicable(i) If redeemed / Switched out on or before expiry of s from the date of allotment - 3% of the applicable V. (ii)if edeemed / Switched out after s from the date of allotment - 1 % of the applicable V. Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Bajaj Auto Ltd. Auto Ancillaries Ceat Ltd. Motherson Sumi Systems Ltd. Banks Yes Bank Ltd. HDFC Bank Ltd. Cement Dalmia Bharat Ltd. Shree Cement Ltd. Grasim Industries Ltd. Construction Somany Ceramics Ltd. Construction Project Engineers India Ltd. Consumer Durables Century Plyboards (India) Ltd. Consumer Non Durables ITC Ltd. Heritage Foods Ltd. Finance Muthoot Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Max Financial Services Ltd. Dewan Housing Finance Corporation Ltd. Power Finance Corporation Ltd. Bajaj Finance Ltd. Gas Gail ( India ) Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Minerals/mining Coal India Ltd. Top 10 Holdings Equity Issuer Name Yes Bank Ltd. ITC Ltd. Future Retail Ltd. Power Grid Corporation Of India Ltd. Maruti Suzuki India Ltd. HDFC Bank Ltd. Raymond Ltd. Muthoot Finance Ltd. Engineers India Ltd. Gail (india) Ltd. Total No. of Shares SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Lakhs % of Assets % to V Industrial Products Finolex Cables Ltd. Nilkamal Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Avenue Supermarts Ltd. Future Consumer Ltd. Software Elxsi Ltd. Info Edge (India) Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Cox & Kings Ltd. Other Equities^ Repo Cash / Net Current Asset No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Lakhs % of Assets Year 10 Year 670, , , ,388 1,156, % 18.37% 20.00% 19.52% 130, , , , % 8.38% 10.68% 11.03% Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Industry Allocation Finance 13.31% Banks 9.82% Retailing 8.12% Industrial Products 7.14% Consumer Non Durables 6.88% Auto 5.72% Cement 5.08% Transportation 4.44% Gas 4.09% Media & Entertainment 3.50% Auto Ancillaries 3.49% Power 3.39% Software 3.33% Construction 2.86% Textile Products 2.64% Construction Project 2.46% Healthcare Services 1.78% Minerals/mining 1.57% Consumer Durables 1.28% Industrial Capital Goods 0.90% Hotels, Resort And Other 0.70% 0.00% 5.00% 10.00% 15.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 53.68% 46.32% 0.00% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 170 Retirement Savings Fund - Progressive Plan - Reg S&P BSE Sensex Jun-14 Jun-15 Jun-16 Jun-17 32

33 Retirement Savings Fund - Moderate (An Open-Ended Equity Scheme) Sharpe Ratio A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 1, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) CRISIL Balanced Fund - Aggressive Index V - Growth Reg - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 57.90% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees.The above ratio includes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load (A) If redeemed/switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. (B) In case of Auto switch-out of units on occurrence of Auto-switch trigger event - Nil. (C) For Redemption or switch-out of units in other cases (i.e. switch out other than auto switch-out on trigger event & redemption/ switch-out before the attainment of retirement age i.e. 60 years) following exit load will be applicable (i) If redeemed / Switched out on or before expiry of 3 Years from the date of allotment - 3% of the applicable V. (ii)if redeemed / Switched out after s from the date of allotment - 1% of the applicable V. Equity & Equity Related Total Auto Maruti Suzuki India Ltd Bajaj Auto Ltd Auto Ancillaries Ceat Ltd Motherson Sumi Systems Ltd Banks Yes Bank Ltd HDFC Bank Ltd Cement Dalmia Bharat Ltd Construction Somany Ceramics Ltd Construction Project Engineers India Ltd Consumer Non Durables ITC Ltd Heritage Foods Ltd Finance Muthoot Finance Ltd ICICI Prudential Life Insurance Company Ltd Max Financial Services Ltd. Dewan Housing Finance Corporation Ltd. Power Finance Corporation Ltd. Gas Gail ( India ) Ltd. Industrial Products Finolex Cables Ltd. Nilkamal Ltd. No. of Shares Lakhs SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jun 30, 2017 () Returns Total Value of B CRISIL Balanced Fund - Aggressive Index B CRISIL Balanced Fund - Aggressive Index Total Value of AB S&P BSE Sensex AB S&P BSE Sensex % of Assets Media & Entertainment Zee Entertainment Enterprises Ltd. Minerals/Mining Coal India Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Avenue Supermarts Ltd. Future Consumer Ltd. Software Elxsi Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Other Equities^ Name of the Instrument Debt Instruments Government Securities GOI % (28/07/2024) Repo Cash / Net Current Asset No. of Shares Ratings Lakhs Lakhs % of Assets % to V Year 10 Year (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Yes Bank Ltd. ITC Ltd. Future Retail Ltd. Power Grid Corporation Of India Ltd. HDFC Bank Ltd. Maruti Suzuki India Ltd. Engineers India Ltd. Raymond Ltd. Muthoot Finance Ltd. Finolex Cables Ltd. Total 134, % 128, % 130, % % to V , % 416, % 408, % 998, % 794, % 784, % Industry Allocation ^ Exposure less than 1% has been clubbed under Other Equities Finance Banks Retailing Consumer Non Durables Industrial Products Auto Cement Transportation Gas Media & Entertainment Power Auto Ancillaries Software Construction Construction Project Textile Products Healthcare Services Minerals/mining Consumer Durables Industrial Capital Goods Hotels, Resort And Other Recreational Activities 8.39% 6.75% 5.84% 5.71% 4.77% 4.03% 3.42% 3.20% 2.99% 2.88% 2.72% 2.61% 2.18% 2.10% 2.09% 1.47% 1.04% % 0.56% 0.41% ,000 1,176, % 920, % 913, % 10.89% 0.00% 5.00% 10.00% 15.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 54.31% 45.69% 0.00% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 180 Retirement Savings Fund - Moderate Plan - Reg CRISIL Balanced Fund - Aggressive Index Jun-14 Jun-15 Jun-16 Jun-17 33

34 Retirement Savings Fund - Conservative (An Open-Ended Debt Scheme) ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 01, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) Crisil MIP Blended Index V - Growth Reg - Growth MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Modified Duration Average Maturity 3.29 Years 4.6s Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg % 6.75% (A) For Redemption or switch out of units before the attainment of retirement i.e. 60 years (i) If redeemed on or before expiry of s from the date of allotment - 3%. (ii) If redeemed after s from the date of allotment - 1%. (B) For Redemption or switch out of units on or after attainment of retirement age i.e. 60 years NIL (C) In case of Auto switch-out of units on occurrence of Auto-switch trigger event NIL. Equity & Equity Related Total Banks Yes Bank Ltd. Consumer Non Durables ITC Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Other Equities^ No. of Shares SIP - If you had invested INR every month Lakhs % of Assets Name of the Instrument Repo Cash / Net Current Asset Year 10 Year Total Amount Invested () 670,000 Total Value as on Jun 30, 2017 () 127, , , ,049 Returns 12.45% 11.48% 12.04% 11.86% Total Value of B Crisil MIP Blended Index 126, , , ,829 B Crisil MIP Blended Index 10.23% 10.31% 10.49% 10.40% Total Value of AB Crisil 10 Yr Gilt Index 125, , , ,943 AB Crisil 10 Yr Gilt Index 8.19% 10.34% 9.48% 9.28% (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 25.18% 36.48% 10.19% 28.15% A1+ / AAA Equity Cash & Cash Equivalents Debt Instruments Government Securities GOI % (15/02/2027) GOI % (02/06/2028) GOI % (28/07/2024) GOI % (24/09/2025) GOI % (11/04/2021) SDL Maharashtra 8.44% (26/11/2024) Non-Convertible Debentures/Bonds % Food Corporation Of India Ltd % Power Finance Corporation Instrument Wise Composition Ratings (so) ^ Exposure less than 1% has been clubbed under Other Equities 25.18% 3.70% 32.78% 28.15% 10.19% Lakhs Equity Shares % to V NCD - Non Convertible Deb Government Securities State Development Loans Cash & Cash Equivalents Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 5.56% 4.71% 10.64% 25.75% 23.62% 29.71% 0.00% 10.00% 20.00% 30.00% 40.00% V Movement Retirement Savings Fund - Reg - Conservative Plan Crisil MIP Blended Index 100 Jun-14 Jun-15 Jun-16 Jun-17 34

35 Young Citizens Fund (An Open-Ended Balanced Scheme) A balanced scheme that aims to invest its debt portion in quality debt papers / government securities of long term maturity. While equity portfolio invests in high quality companies to create long term wealth for the investor. To provide long term capital growth along with steady capital appreciation to its unitholders, while at all times emphasising the importance of capital preservation. October 14, 1995 FUND MAGER Akhil Mittal (Managing Since 30-Jul-15 and overall experience of 1s) (Debt) & Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) CRISIL Balanced Fund - Aggressive Index V Reg ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 39.98% **Note The rates specified are the actual weighted average expenses charged for the month of Jun The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Sharpe Ratio Modified Duration Average Maturity Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* Years 5.1s *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.25% as on Jun 30, 2017 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MUL TIPLES FOR NEW INVESTMENT 500/- and in multiples of 500/- thereafter. ADDITIOL INVESTMENT/ MUL TIPLES FOR EXISTING INVESTORS 500/- and in multiples of 500/- thereafter. Entry Load Not Applicable Exit Load Compulsory Lock-in Option 3% if redeemed on or before expiry of s from the date of allotment. (This load will be applicable when the lock-in period expires before s from the date of allotment). Anytime Exit Option If child attains majority after 7 years from the date of allotment If redeemed on or before expiry of s from the date of allotment 3% If redeemed after s but on or before 7 years from the date of allotment 2% If redeemed after 7 years but before child attains majority 1% No load after the child attains majority If child attains majority before 7 years from the date of allotment If redeemed on or before expiry of s from the date of allotment 3% If redeemed after s but on or before 7 years from the date of allotment 2% If redeemed after 7 years Nil. 6.77% 6.90% No. of Shares Lakhs Equity & Equity Related Total Auto Maruti Suzuki India Ltd Bajaj Auto Ltd Hero Motocorp Ltd Auto Ancillaries WABCO India Ltd Ceat Ltd Banks Yes Bank Ltd HDFC Bank Ltd ICICI Bank Ltd Construction Project Engineers India Ltd Consumer Non Durables ITC Ltd Eveready Industries India Ltd P & G Hygiene & Health Care Ltd Finance Muthoot Finance Ltd Max Financial Services Ltd Gas Gail ( India ) Ltd Hotels, Resort And Other Recreational Activities Wonderla Holidays Ltd. Industrial Products Finolex Cables Ltd. Finolex Industries Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Power Power Grid Corporation Of India Ltd % of Assets Retailing Future Retail Ltd. Future Consumer Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Other Equities^ Name of the Instrument Repo Cash / Net Current Asset Ratings Lakhs % to V ^ Exposure less than 1% has been clubbed under Other Equities SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jun 30, 2017 () 129,340 Returns 14.85% Total Value of B CRISIL Balanced Fund - Aggressive Index 128,873 B CRISIL Balanced Fund - Aggressive Index 14.09% Total Value of AB Crisil 10 Yr Gilt Index 125,197 AB Crisil 10 Yr Gilt Index 8.19% (Inception date 14-Oct-1995) (First Installment date 01-Feb-1996) 422, % 416, % 420, % 821, % 794, % 761, % 840,000 1,286, % 1,219, % 1,145, % 1,200,000 2,175, % 2,013, % 1,792, % 2,570,000 12,616, % 9,219, % 5,593, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Yes Bank Ltd. ITC Ltd. WABCO India Ltd. Maruti Suzuki India Ltd. Container Corporation Of India Ltd. Bajaj Auto Ltd. Muthoot Finance Ltd. Raymond Ltd. Finolex Cables Ltd. Ceat Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap % to V % 44.14% 0.00% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). No. of Shares Lakhs Debt Instruments Government Securities GOI % (21/09/2027) GOI % (11/04/2021) GOI % (15/02/2027) GOI % (22/06/2024) GOI % (24/09/2025) GOI % (15/02/2022) GOI % (09/06/2020) Non-Convertible Debentures/Bonds % Reliance Jio Infocomm Ltd % Rural Electrification Corp. Ltd % State Bank Of India % EXIM % National Highways Authority Of India % Power Grid Corporation Of India Ltd % NHPC Ltd. Industry Allocation Banks 7.17% Consumer Non Durables 6.50% Auto 6.00% Auto Ancillaries 5.38% Finance 4.27% Retailing 3.26% Industrial Products 3.06% Transportation 2.60% Textile Products 1.82% Hotels, Resort And Other Recreational 1.45% Gas 1.43% Construction Project 1.29% Media & Entertainment 1.24% Power 1.15% Minerals/mining 0.90% Consumer Durables 0.87% Construction 0.62% Cement 0.57% Petroleum Products 0.26% 0.00% 5.00% 10.00% V Movement % of Assets 150 Young Citizens Fund - Reg CRISIL Balanced Fund - Aggressive Index Jun-14 Jun-15 Jun-16 Jun-17 35

36 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Akhil Mittal Dynamic Bond Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # 11.84% 10.30% 10.31% 7.22% Inception date 3-Sep-03 11,184 13,424 16,343 26, % 11.17% 9.88% 7.63% 11,104 13,745 16,025 27, % 8.46% 5.85% 13,736 15,017 21,966 Managing since 26-Jun-14 Ultra Short Term Fund 7.92% 8.40% 8.78% 8.09% Inception date 6-Sep-05 10,792 12,742 15,240 25,086 Crisil Liquid Fund Index* 6.86% 7.83% 8.25% 7.38% 10,686 12,541 14,872 23,205 Crisil 1 Yr T-Bill Index # 6.53% 7.57% 7.36% 6.20% 10,653 12,451 14,266 20,353 Managing since 26-Jun-14 Long Term Debt Fund 11.18% 9.90% 9.54% 8.51% Inception date 28-Apr-97 11,118 13,278 15,778 51,995 Crisil Composite Bond Fund Index* 11.47% 10.91% 9.58% 11,147 13,646 15,805 Lumpsum Performance of schemes managed by Amit Somani Crisil 10 Yr Gilt Index # 11.15% 8.46% 13,736 15,017 Managing since 26-Jun-14 Young Citizens Fund 14.57% 12.18% 12.53% 13.21% Inception date 14-Oct-95 (Manages debt portfolio) 11,457 14,122 18, ,269 CRISIL Balanced Fund - Aggressive Index* 13.85% 9.08% 11.73% 11,385 12,981 17,421 Crisil 10 Yr Gilt Index # 11.15% 8.46% 13,736 15,017 Managing since 30-Jul-15 Corporate Bond Fund 7.42% 8.03% 8.35% 8.13% Inception date 13-Jul-07 10,742 12,609 14,937 21,796 Crisil Short Term Bond Fund Index* 8.88% 9.12% 9.09% 8.22% 10,888 12,995 15,455 21,986 Crisil 1 Yr T-Bill Index # 6.53% 7.57% 7.36% 6.35% 10,653 12,451 14,266 18,478 Managing since 21-May % 7.93% 8.48% 7.71% Inception date 01-Sep-04 Money Market Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # 10,692 12,577 15,024 25, % 7.83% 8.25% 7.15% 10,686 12,541 14,869 24, % 7.57% 7.36% 6.09% 10,653 12,451 14,263 21,350 Managing since 16-Oct-13 Liquid Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # 6.85% 7.88% 8.39% 7.38% Inception date 22-May-03 10,685 12,558 14,966 27, % 7.83% 8.25% 6.87% 10,686 12,541 14,869 25, % 7.57% 7.36% 5.91% 10,653 12,451 14,263 22,480 Managing since 16-Oct-13 Lumpsum Performance of schemes managed by Gopal Agrawal Large Cap Fund S&P BSE Sensex* 15.60% 10.95% 14.87% 21.57% Inception date 07-May-98 (Manages equity portfolio) 11,560 13,660 20, , % 6.75% 12.13% 11.16% 11,453 12,167 17,740 75,978 Managing since 27-Jun-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 36

37 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Murthy Nagarajan Balanced Fund CRISIL Balanced Fund - Aggressive Index* S&P BSE Sensex # Retirement Savings Fund - Progressive Plan S&P BSE Sensex* 12.87% 13.54% 17.90% 16.33% Inception date 8-Oct-95 (Manages debt portfolio) 11,287 14,642 22, , % 9.08% 11.73% 11,385 12,981 17, % 6.75% 12.13% 10.40% 11,453 12,167 17,740 85,932 Managing since 01-Apr % 18.06% 18.44% 17.68% Inception date 1-Nov-11 (Manages debt portfolio) 12,630 16,462 23,325 25, % 6.75% 12.13% 10.59% 11,453 12,167 17,740 17,689 Managing since 01-Apr-17 Medium Term Fund Crisil Composite Bond Fund Index* Crisil 10 Yr Gilt Index # Retirement Savings Fund - Conservative Plan Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # 10.59% 9.27% 9.08% 6.80% Inception date 11-Nov-02 11,059 13,050 15,448 26, % 10.91% 9.58% 7.02% 11,147 13,646 15,805 27, % 8.46% 6.56% 13,736 15,017 25,360 Managing since 01-Apr % 11.70% 11.45% 11.10% Inception date 1-Nov-11 (Manages debt portfolio) 11,456 13,943 17,207 18, % 10.56% 10.15% 9.97% 11,207 13,519 16,225 17, % 8.46% 8.97% 13,736 15,017 16,268 Managing since 01-Apr-17 Saving Equity Fund 9.58% 7.33% 7.70% 7.45% Inception date 27-Apr-00 (Manages debt portfolio) 10,958 12,366 14,494 34,384 Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%)* 10.47% 8.49% 10.28% 11,047 12,772 16,321 S&P BSE Sensex # 14.53% 6.75% 12.13% 11.61% 11,453 12,167 17,740 66,077 Managing since 01-Apr % 8.70% 9.05% 7.92% Inception date 8-Aug-02 Short Term Bond Fund 10,845 12,845 15,431 31,143 Crisil Short Term Bond Fund Index* 8.88% 9.12% 9.09% 7.25% 10,888 12,995 15,455 28,374 Crisil 1 Yr T-Bill Index # 6.53% 7.57% 7.36% 5.95% 10,653 12,451 14,266 23,664 Managing since 01-Apr-17 Retirement Savings Fund - Moderate Plan CRISIL Balanced Fund - Aggressive Index* S&P BSE Sensex # 23.08% 19.18% 19.48% 18.63% Inception date 1-Nov-11 (Manages debt portfolio) 12,308 16,938 24,371 26, % 9.08% 11.73% 10.82% 11,385 12,981 17,421 17, % 6.75% 12.13% 10.59% 11,453 12,167 17,740 17,689 Managing since 01-Apr-17 Lumpsum Performance of schemes managed by Naresh Kumar Gilt Mid Term Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # Gilt Securities Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # 9.96% 10.68% 10.19% 9.18% Inception date 24-Jun-10 10,996 13,564 16,257 18, % 11.17% 9.88% 9.12% 11,104 13,745 16,025 18, % 8.46% 7.31% 13,736 15,017 16,412 Managing since 01-Apr % 11.42% 10.27% 9.49% Inception date 6-Sep-99 11,364 13,836 16,312 50, % 11.17% 9.88% 11,104 13,745 16, % 8.46% 13,736 15,017 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 37

38 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Pradeep Gokhale Balanced Fund $ 12.87% 13.54% 17.90% 16.33% Inception date 8-Oct-95 (Manages equity portfolio) 11,287 14,642 22, ,192 CRISIL Balanced Fund - Aggressive Index* 13.85% 9.08% 11.73% 11,385 12,981 17,421 S&P BSE Sensex # 14.53% 6.75% 12.13% 10.40% 11,453 12,167 17,740 85,932 Managing since 01-Apr % 10.26% 17.79% 11.35% Inception date 04-Oct-10 Offshore India Sharia Scheme 10,750 13,409 22,697 20,653 Nifty 50 Shariah* Nifty 50 # 16.99% 8.88% 13.45% 7.39% 11,699 12,909 18,806 16, % 7.74% 12.50% 6.67% 11,488 12,509 18,036 15,457 Managing since 01-Jan-12 Banking And Financial Services Fund Nifty Financial Services* Nifty 50 # 37.33% 37.22% Inception date 28-Dec-15 13,733 16, % 22.25% 12,969 13, % 12.95% 11,488 12,014 Managing since 28-Dec-15 Digital India Fund S&P BSE IT* S&P BSE Sensex # -7.33% -3.63% Inception date 28-Dec-15 9,267 9, % -7.65% 8,780 8, % 12.10% 11,453 11,877 Managing since 28-Dec-15 Ethical Fund Nifty 500 Shariah* Nifty 50 # 8.37% 10.65% 17.23% 16.45% Inception date 24-May-96 10,837 13,551 22, ,183 Note $ Pradeep Gokhale is the co-fund manager 20.19% 13.05% 16.73% 12,019 14,452 21, % 7.74% 12.50% 10.83% 11,488 12,509 18,036 87,748 Managing since 02-Jan-12 Lumpsum Performance of schemes managed by Rupesh Patel Dividend Yield Fund Nifty 500* Nifty 50 # 19.67% 14.70% 16.80% 17.18% Inception date 22-Nov-04 11,967 15,095 21,758 73, % 10.50% 14.83% 14.04% 11,935 13,494 19,977 52, % 7.74% 12.50% 13.76% 11,488 12,509 18,036 50,823 Managing since 07-Jun % 14.44% 18.24% 12.62% Inception date 25-Feb-93 Equity Opportunities Fund 11,676 14,993 23, ,871 S&P BSE 200* S&P BSE Sensex # 18.08% 9.91% 14.16% 11.30% 11,808 13,280 19, , % 6.75% 12.13% 10.36% 11,453 12,167 17, ,460 Managing since 07-Jun-13 Infrastructure Fund Nifty 500* Nifty 50 # 20.94% 13.56% 14.33% 14.33% Inception date 31-Dec-04 12,094 14,650 19,545 53, % 10.50% 14.83% 13.01% 11,935 13,494 19,977 46, % 7.74% 12.50% 12.93% 11,488 12,509 18,036 45,763 Managing since 01-Jan % 18.96% 24.55% 12.56% Inception date 01-Jul-94 Mid Cap Growth Fund 12,279 16,841 30, ,107 Nifty Free Float Midcap 100* 28.32% 16.89% 19.23% 12,832 15,977 24, % 7.74% 12.50% 9.18% Nifty 50 # 11,488 12,509 18,036 75,439 Managing since 27-Jun-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 38

39 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Rupesh Patel (contd.) India Consumer Fund $ Nifty India Consumption* Nifty 50 # 36.56% 26.08% Inception date 28-Dec-15 13,656 14, % 13.90% 11,644 12, % 12.95% 11,488 12,014 Managing since 28-Dec-15 Resources & Energy Fund 21.84% 24.55% Inception date 28-Dec-15 12,184 13,921 Nifty Commodities* Nifty 50 # 25.99% 25.80% 12,599 14, % 12.95% 11,488 12,014 Managing since 28-Dec-15 India Pharma And Healthcare Fund $ Nifty Pharma* Nifty 50 # -6.77% -8.74% Inception date 28-Dec-15 9,323 8, % % 8,622 7, % 12.95% 11,488 12,014 Managing since 28-Dec % 15.05% 16.21% 12.17% Inception date 01-Aug-08 Offshore India Infrastructure Scheme 12,003 15,235 21,218 27,850 S&P BSE Sensex* 14.53% 6.75% 12.13% 8.73% 11,453 12,167 17,740 21,097 Managing since 01-Jan-14 India Tax Savings Fund 21.40% 18.67% 20.82% 20.06% 12,140 16,721 25, ,086 Inception date 31-Mar-96 Note $ Rupesh Patel is the co-fund manager S&P BSE Sensex* 14.53% 6.75% 12.13% 10.99% 11,453 12,167 17,740 91,848 Managing since 01-Apr-15 Offshore India Opportunities Scheme 15.50% 12.78% 16.42% 14.01% Inception date 26-Jul-05 11,551 14,346 21,399 47,852 S&P BSE Sensex* 14.53% 6.75% 12.13% 12.53% 11,453 12,167 17,740 40,941 Managing since 01-Apr-16 Lumpsum Performance of schemes managed by Sonam Udasi Banking And Financial Services Fund 37.33% 37.22% Inception date 28-Dec-15 13,733 16,109 Nifty Financial Services* Nifty 50 # 29.69% 22.25% 12,969 13, % 12.95% 11,488 12,014 Managing since 01-Apr-16 Digital India Fund S&P BSE IT* S&P BSE Sensex # -7.33% -3.63% Inception date 28-Dec-15 9,267 9, % -7.65% 8,780 8, % 12.10% 11,453 11,877 Managing since 01-Apr-16 Saving Equity Fund 9.58% 7.33% 7.70% 7.45% Inception date 27-Apr-00 (Manages equity portfolio) 10,958 12,366 14,494 34,384 Nifty 50 Index (35%), Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%)* 10.47% 8.49% 10.28% 11,047 12,772 16,321 S&P BSE Sensex # 14.53% 6.75% 12.13% 11.61% 11,453 12,167 17,740 66,077 Managing since 01-Apr-16 Resources & Energy Fund 21.84% 24.55% Inception date 28-Dec-15 12,184 13,921 Nifty Commodities* Nifty 50 # 25.99% 25.80% 12,599 14, % 12.95% 11,488 12,014 Managing since 01-Apr-16 Equity P/E Fund S&P BSE Sensex* S&P BSE Sensex # 31.54% 18.19% 22.75% 21.25% Inception date 29-Jun-04 13,154 16,519 27, , % 6.75% 12.13% 15.32% 11,453 12,167 17,740 63,869 Managing since 01-Apr-16 Period 23.08% 19.18% 19.48% 18.63% Inception date 01-Nov-11 Manages equity portfolio Retirement Savings Fund - Moderate Plan 12,308 16,938 24,371 26,325 CRISIL Balanced Fund - Aggressive Index* 13.85% 9.08% 11.73% 10.82% 11,385 12,981 17,421 17,895 S&P BSE Sensex # 14.53% 6.75% 12.13% 10.59% 11,453 12,167 17,740 17,689 Managing since 01-Apr-16 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 39

40 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Sonam Udasi (contd.) Index Fund - Nifty Plan 14.92% 7.78% 12.38% 16.74% Inception date 25-Feb-03 11,492 12,522 17,936 92, % 7.74% 12.50% 16.56% Nifty 50* 11,488 12,509 18,036 90,198 Managing since 01-Apr-16 Inception date 01-Nov-11 Retirement Savings Fund - Progressive Plan 26.30% 18.06% 18.44% 17.68% 12,630 16,462 23,325 25,150 S&P BSE Sensex* 14.53% 6.75% 12.13% 10.59% 11,453 12,167 17,740 17,689 Managing since 01-Apr % 6.94% 12.10% 16.36% Inception date 25-Feb-03 India Consumer Fund Nifty India Consumption* Nifty 50 # 36.56% 26.08% Inception date 28-Dec-15 (Manages equity portfolio) Index Fund - Sensex Plan 11,469 12,234 17,717 88,007 13,656 14,180 S&P BSE Sensex* 14.53% 6.75% 12.13% 16.91% 16.44% 13.90% 11,453 12,167 17,740 94,218 11,644 12, % 12.95% Managing since 01-Apr-16 11,488 12,014 Managing since 01-Apr-16 Period Retirement Savings Fund - Conservative Plan 14.56% 11.70% 11.45% 11.10% Inception date 01-Nov-11 (Manages equity portfolio) 14.57% 12.18% 12.53% 13.21% 11,456 13,943 17,207 18,152 11,457 14,122 18, ,269 Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # 12.07% 10.56% 10.15% 9.97% 13.85% 9.08% 11.73% 11,207 13,519 16,225 17,133 11,385 12,981 17, % 8.46% 8.97% 13,736 15,017 16,268 Managing since 01-Apr-16 Period Inception date 14-Oct-95 Young Citizens Fund CRISIL Balanced Fund - Aggressive Index* Crisil 10 Yr Gilt Index # 11.15% 8.46% 13,736 15,017 Managing since 01-Apr-16 India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # Period -6.77% -8.74% Inception date 28-Dec-15 9,323 8,712 Note $ Sonam Udasi is the co-fund manager % % 8,622 7, % 12.95% 11,488 12,014 Managing since 01-Apr-16 Lumpsum Performance of schemes co-managed by Danesh Mistry Mid Cap Growth Fund $ 22.79% 18.96% 24.55% 12.56% 12,279 16,841 30, ,107 Nifty Free Float Midcap 100* 28.32% 16.89% 19.23% Inception date 01-Jul-94 Note $ Danesh Mistry is the assistant fund manager 12,832 15,977 24, % 7.74% 12.50% 9.18% Nifty 50 # 11,488 12,509 18,036 75,439 Managing since 01-Apr-16 Offshore India Opportunities Scheme 15.50% 12.78% 16.42% 14.01% Inception date 26-Jul-05 11,551 14,346 21,399 47,852 S&P BSE Sensex* 14.53% 6.75% 12.13% 12.53% 11,453 12,167 17,740 40,941 Managing since 1-Apr-16 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 40

41 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Akhil Mittal Period Amt. Invested 1,650,000 Inception date 3-Sep-03 Dynamic Bond Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # 9.64% 126, % 125, % 125, % 417, % 420, % 420, % 775, % 777, % 761, % 2,969, % 3,121, % 2,768,264 First Installment date 1-Oct-03 Managing since 26-Jun-14 Ultra Short Term Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # Period Amt. Invested 1,410, % 8.15% 8.52% 8.42% 124, , ,424 2,360, % 7.42% 7.96% 7.74% 124, , ,087 2,262, % 7.06% 7.30% 6.68% 123, , ,238 2,116,726 Inception date 6-Sep-05 First Installment date 1-Oct-05 Managing since 26-Jun-14 Long Term Debt Fund Crisil Composite Bond Fund Index* Crisil 10 Yr Gilt Index # Young Citizens Fund CRISIL Balanced Fund - Aggressive Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 9.14% 125, % 125, % 125, % 129, % 128, % 125, % 415, % 420, % 420, % 422, % 416, % 420, % 761, % 775, % 761, % 821, % 794, % 761,388 2,390,000 Inception date 28-Apr % 5,454, % 5,063, % 5,011,523 First Installment date 1-Aug-97 Managing since 26-Jun-14 2,570,000 Inception date 14-Oct % 12,616, % 9,219, % 5,593,208 First Installment date 1-Feb-96 Managing since 30-Jul-15 SIP Performance of schemes managed by Amit Somani Crisil Short Term Bond Crisil Crisil Corporate Bond Fund Fund Index* 1 Yr T-Bill Index # Money Market Fund Liquid Fund Index* Crisil 1 Yr T-Bill Index # Period Amt. Invested Period Amt. Invested 1,190, % 7.71% 8.09% 8.18% 124, , ,575 1,808, % 8.80% 9.05% 8.58% 124, , ,264 1,845, % 7.06% 7.30% 6.85% 123, , ,238 1,687,281 1,530, % 7.52% 8.06% 8.07% 124, , ,039 2,621, % 7.42% 7.96% 7.65% 124, , ,196 2,547, % 7.06% 7.31% 6.58% 123, , ,353 2,367,650 Inception date 13-Jul-07 First Installment date 1-Aug-07 Managing since 21-May-14 Inception date 1-Sep-04 First Installment date 1-Oct-04 Managing since 16-Oct-13 Period Amt. Invested 1,690,000 Inception date 22-May-03 Crisil Crisil Liquid Fund Liquid Fund Index* 1 Yr T-Bill Index # 6.74% 124, % 124, % 123, % 402, % 402, % 400, % 733, % 733, % 721, % 3,032, % 2,945, % 2,716,961 First Installment date 1-Jun-03 Managing since 16-Oct-13 SIP Performance of schemes managed by Gopal Agrawal Period Amt. Invested 2,290,000 Inception date 07-May-98 Large Cap Fund S&P BSE Sensex* 16.25% 130, % 130, % 422, % 408, % 847, % 784, % 19,449, % 9,330,058 First Installment date 01-Jun-98 Managing since 27-Jun-17 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 41

42 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Danesh Mistry Period Amt. Invested 2,760,000 Inception date 1-Jul-94 Nifty Free Mid Cap Growth Fund Float Midcap 100* Nifty 50 # 22.37% 133, % 134, % 130, % 452, % 472, % 412, % 1,087, % 1,019, % 798, % 18,538, % 15,971, % 10,172,419 First Installment date 1-Jul-94 Managing since 1-Apr-16 SIP Performance of schemes managed by Pradeep Gokhale Balanced Fund CRISIL Balanced Fund S&P BSE Sensex - Aggressive Index* # Digital India Fund S&P BSE IT* S&P BSE Sensex # Period Amt. Invested Period Amt. Invested 2,570, % 10.46% 16.23% 17.86% 126, , ,633 24,112, % 9.76% 11.19% 10.65% 128, , ,509 9,219, % 8.38% 10.69% 12.50% 130, , ,760 11,735, , % -2.48% 120, , % -8.22% 115, , % 17.00% 130, ,120 Inception date 8-Oct-95 First Installment date 1-Feb-96 Managing since 1-Apr-16 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Banking And Nifty Financial Services Fund Financial Services* Nifty 50 # Period Amt. Invested 180, % 42.89% 145, , % 32.30% 140, , % 17.21% 130, ,417 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Period Amt. Invested 2,500,000 Inception date 24-May-96 Ethical Fund Nifty 500 Shariah* Nifty 50 # 9.72% 126, % 399, % 842, % 24,241, % 132, % 438, % 897, % 5,797, % 130, % 412, % 798, % 11,244,250 First Installment date 1-Sep-96 Managing since 2-Jan-12 SIP Performance of schemes managed by Naresh Kumar Gilt Mid Term Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # Gilt Securities Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 7.16% 124, % 125, % 125, % 127, % 125, % 125, % 415, % 420, % 420, % 423, % 420, % 420, % 774, % 777, % 761, % 786, % 777, % 761, , % 1,200, % 1,199, % 1,145,911 2,130, % 4,653, % 4,683, % 4,171,688 Inception date 24-Jun-10 First Installment date 1-Jul-10 Managing since 1-Apr-17 Inception date 6-Sep-99 First Installment date 1-Oct-99 Managing since 1-Apr-17 SIP Performance of schemes managed by Murthy Nagarajan Balanced Fund CRISIL Balanced Fund Crisil Composite Bond S&P BSE Sensex - Aggressive Index* # Medium Term Fund Fund Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 2,570, % 10.46% 16.23% 17.86% 126, , ,633 24,112, % 9.76% 11.19% 10.65% 128, , ,509 9,219, % 8.38% 10.69% 12.50% 130, , ,760 11,735,317 1,740, % 8.93% 9.05% 7.45% 125, , ,361 3,073, % 10.41% 10.20% 7.91% 125, , ,183 3,188, % 10.34% 9.48% 7.05% 125, , ,409 2,977,903 Inception date 8-Oct-95 First Installment date 1-Feb-96 Managing since 1-Apr-17 Inception date 11-Nov-02 First Installment date 1-Jan-03 Managing since 1-Apr-17 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 42

43 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Murthy Nagarajan (contd.) Nifty 50 Index (35%),Crisil Liquid Retirement Savings Crisil Fund Index (30%), Crisil Short Saving Equity Fund S&P BSE Sensex # Term Bond Fund Index (35%)* Fund - Conservative Plan MIP Blended Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 2,060, % 7.15% 7.40% 6.93% 124, , ,012 3,877, % 8.67% 9.75% 9.89% 126, , ,596 5,172, % 8.34% 10.67% 13.50% 130, , ,382 7,427, , % 11.48% 12.04% 11.86% 127, , , , % 10.31% 10.49% 10.40% 126, , , , % 10.34% 9.48% 9.28% 125, , , ,943 Inception date 27-Apr-00 First Installment date 1-May-00 Managing since 1-Apr-17 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 Retirement Savings CRISIL Balanced Fund Fund - Moderate Plan - Aggressive Index* S&P BSE Sensex # Period Amt. Invested 670, % 17.01% 20.52% 20.16% 134, , ,683 1,176, % 9.76% 11.18% 11.31% 128, , , , % 8.38% 10.68% 11.03% 130, , , ,647 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 Period Amt. Invested 1,780,000 Inception date 8-Aug-02 Short Term Bond Fund Crisil Short Term Bond Fund Index* Crisil 1 Yr T-Bill Index # 7.42% 124, % 124, % 123, % 407, % 410, % 400, % 747, % 753, % 721, % 3,424, % 3,326, % 2,924,240 First Installment date 1-Sep-02 Managing since 1-Apr-17 Retirement Savings Fund - Progressive Plan S&P BSE Sensex* Period Amt. Invested 670, % 18.37% 20.00% 19.52% 137, , ,388 1,156, % 8.38% 10.68% 11.03% 130, , , ,647 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 SIP Performance of schemes managed by Rupesh Patel Dividend Yield Fund Nifty 500* Nifty 50 # India Consumer Fund Nifty India Consumption* Nifty 50 # Period Amt. Invested Period Amt. Invested 22.70% 134, % 132, % 130, % 145, % 134, % 130, % 449, % 432, % 412, % 932, % 863, % 798,527 1,510,000 Inception date 22-Nov % 4,382, % 3,264, % 3,070,434 First Installment date 1-Dec-04 Managing since 7-Jun ,000 Inception date 28-Dec % 233, % 209, % 204,417 First Installment date 1-Jan-16 Managing since 28-Dec-15 Period Amt. Invested 2,920,000 Inception date 25-Feb-93 Equity Opportunities Fund S&P BSE 200* S&P BSE Sensex # 16.61% 130, % 131, % 130, % 434, % 426, % 408, % 920, % 844, % 784, % 34,202, % 17,622, % 14,459,350 First Installment date 1-Mar-93 Managing since 7-Jun-13 India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # Period Amt. Invested 180, % -8.59% 113, , % % 107, , % 17.21% 130, ,417 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 43

44 SCHEME PERFORMANCE SIP Performance of schemes managed by Rupesh Patel (contd.) India Tax Savings Fund S&P BSE Sensex* S&P BSE Sensex # Period Amt. Invested 2,520, % 17.58% 20.98% 20.53% 134, ,331 1,010,059 32,012, % 8.38% 10.69% 12.61% 130, , ,760 11,280,840 Inception date 31-Mar-96 First Installment date 1-Jul-96 Managing since 1-Apr-15 Period Amt. Invested 2,760,000 Inception date 01-Jul-94 Nifty Free Mid Cap Growth Fund Float Midcap 100* Nifty 50 # 22.37% 133, % 134, % 130, % 452, % 472, % 412, % 1,087, % 1,019, % 798, % 18,538, % 15,971, % 10,172,419 First Installment date 01-Jul-94 Managing since 27-Jun-17 Infrastructure Fund Nifty 500* Nifty 50 # Resources & Energy Fund Nifty Commodities* Nifty 50 # Period Amt. Invested Period Amt. Invested 19.80% 132, % 132, % 130, % 128, % 128, % 130, % 445, % 432, % 412, % 924, % 863, % 798,527 1,490,000 Inception date 31-Dec % 3,012, % 3,168, % 2,976,893 First Installment date 1-Feb-05 Managing since 1-Jan ,000 Inception date 28-Dec % 210, % 213, % 204,417 First Installment date 1-Jan-16 Managing since 28-Dec-15 SIP Performance of schemes managed by Sonam Udasi Banking And Financial Services Fund Nifty Financial Services* Nifty 50 # Period Amt. Invested 180, % 42.89% 145, , % 32.30% 140, , % 17.21% 130, ,417 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 1-Apr-16 Index Fund - Nifty Plan Nifty 50* Period Amt. Invested 1,710, % 9.31% 11.38% 12.35% 130, , ,310 4,407, % 9.14% 11.39% 12.29% 130, , ,527 4,386,135 Inception date 25-Feb-03 First Installment date 1-Apr-03 Managing since 1-Apr-16 Digital India Fund S&P BSE IT* S&P BSE Sensex # Index Fund - Sensex Plan S&P BSE Sensex* Period Amt. Invested Period Amt. Invested 1.35% 120, % 115, % 130, % 131, % 130, % 410, % 408, % 787, % 784, ,000 Inception date 28-Dec % 176, % 168, % 204,120 First Installment date 1-Jan-16 Managing since 1-Apr-16 1,710,000 Inception date 25-Feb % 4,201, % 4,357,170 First Installment date 1-Apr-03 Managing since 1-Apr-16 Equity P/E Fund S&P BSE Sensex* India Consumer Fund Nifty India Consumption* Nifty 50 # Period Amt. Invested Period Amt. Invested 27.44% 136, % 130, % 145, % 134, % 130, % 488, % 408, % 1,099, % 784,760 1,560,000 Inception date 29-Jun % 5,702, % 3,296,080 First Installment date 1-Jul-04 Managing since 1-Apr ,000 Inception date 28-Dec % 233, % 209, % 204,417 First Installment date 1-Jan-16 Managing since 1-Apr-16 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 44

45 SCHEME PERFORMANCE SIP Performance of schemes managed by Sonam Udasi (contd.) Period Amt. Invested 180,000 Inception date 28-Dec-15 India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # -9.63% 113, % 107, % 130, % 167, % 158, % 204,417 First Installment date 1-Jan-16 Managing since 1-Apr-16 Retirement Savings Fund - Conservative Plan Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # Period Amt. Invested 670, % 11.48% 12.04% 11.86% 127, , , , % 10.31% 10.49% 10.40% 126, , , , % 10.34% 9.48% 9.28% 125, , , ,943 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Saving Equity Fund Nifty 50 Index (35%),Crisil Liquid Fund Index (30%), Crisil Short Term Bond Fund Index (35%)* S&P BSE Sensex # Young Citizens Fund CRISIL Balanced Fund - Aggressive Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 7.45% 124, % 126, % 130, % 129, % 128, % 125, % 400, % 410, % 408, % 422, % 416, % 420, % 723, % 766, % 784, % 821, % 794, % 761,388 2,060,000 Inception date 27-Apr % 3,877, % 5,172, % 7,427,739 First Installment date 1-May-00 Managing since 1-Apr-16 2,570,000 Inception date 14-Oct % 12,616, % 9,219, % 5,593,208 First Installment date 1-Feb-96 Managing since 1-Apr-16 Resources & Energy Fund Nifty Commodities* Nifty 50 # Period Amt. Invested 14.22% 128, % 128, % 130, ,000 Inception date 28-Dec % 210, % 213, % 204,417 First Installment date 1-Jan-16 Managing since 1-Apr-16 Retirement Savings CRISIL Balanced Fund Fund - Moderate Plan - Aggressive Index* S&P BSE Sensex # Period Amt. Invested 670, % 17.01% 20.52% 20.16% 134, , ,683 1,176, % 9.76% 11.18% 11.31% 128, , , , % 8.38% 10.68% 11.03% 130, , , ,647 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Retirement Savings Fund - Progressive Plan S&P BSE Sensex* Period Amt. Invested 670, % 18.37% 20% 19.52% 137, , ,388 1,156, % 8.38% 10.68% 11.03% 130, , , ,647 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 45

46 SCHEME PERFORMANCE Lumpsum Performance of Close Ended Schemes Lumpsum Performance of schemes managed by Akhil Mittal Dual Advantage Fund - Scheme C 7.69% 8.05% 8.07% Inception date 27-Jun-14 10,769 12,616 12,633 Crisil MIP Blended Index* 12.07% 10.56% 10.64% 11,207 13,519 13,557 Crisil 10 Yr Gilt Index # 11.15% 11.15% 13,736 13,749 Managing since 01-Apr-17 FMP - Series 46 - Scheme D 8.59% 8.29% 8.50% Inception date 26-Dec-13 10,859 12,702 13,319 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.31% 11,147 13,646 14,570 Crisil 10 Yr Gilt Index # 11.15% 11.12% 13,736 14,482 Managing since 01-Apr-17 Dual Advantage Fund - Series 2 - Scheme A 8.81% 8.87% Inception date 11-Sep-14 10,881 12,689 Crisil MIP Blended Index* 12.07% 10.43% 11,207 13,207 Crisil 10 Yr Gilt Index # 11.25% 13,483 Managing since 01-Apr-17 FMP - Series 46 - Scheme K 8.61% 8.28% 8.55% Inception date 05-Feb-14 10,861 12,698 13,218 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.25% 11,147 13,646 14,367 Crisil 10 Yr Gilt Index # 11.15% 10.82% 13,736 14,180 Managing since 01-Apr-17 Dual Advantage Fund - Series 2 - Scheme B 9.36% 7.77% Inception date 04-Dec-14 10,936 12,123 Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # 12.07% 9.29% 11,207 12, % 12,781 Managing since 01-Apr % 8.48% 8.72% Inception date 20-Feb-14 FMP - Series 46 - Scheme M 10,889 12,769 13,243 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.43% 11,147 13,646 14,384 Crisil 10 Yr Gilt Index # 11.15% 11.01% 13,736 14,203 Managing since 01-Apr-17 Dual Advantage Fund - Series 2 - Scheme C 8.65% 7.68% Inception date 05-Feb-15 10,865 11,944 Crisil MIP Blended Index* 12.07% 8.97% 11,207 12,288 Crisil 10 Yr Gilt Index # 9.39% 12,403 Managing since 01-Apr % 8.40% 8.64% Inception date 07-Mar-14 FMP - Series 46 - Scheme N 10,873 12,742 13,166 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.45% 11,147 13,646 14,330 Crisil 10 Yr Gilt Index # 11.15% 11.07% 13,736 14,166 Managing since 01-Apr-17 Dual Advantage Fund - Series 3 - Scheme A 8.30% 7.13% Inception date 26-Mar-15 10,830 11,690 Crisil MIP Blended Index* 12.07% 9.54% 11,207 12,294 Crisil 10 Yr Gilt Index # 9.75% 12,348 Managing since 01-Apr % 8.39% 8.60% Inception date 12-Mar-14 FMP - Series 46 - Scheme Q 10,875 12,738 13,132 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.35% 11,147 13,646 14,266 Crisil 10 Yr Gilt Index # 11.15% 10.87% 13,736 14,065 Managing since 01-Apr-17 FMP - Series 44 - Scheme D 8.84% 8.48% 8.66% Inception date 07-Oct-13 10,884 12,770 13,635 Crisil MIP Blended Index* 11.47% 10.91% 10.99% 11,147 13,646 14,756 Crisil 10 Yr Gilt Index # 11.15% 9.95% 13,736 14,247 Managing since 01-Apr % 8.46% 8.63% Inception date 20-Mar-14 FMP - Series 46 - Scheme R 10,885 12,761 13,120 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.37% 11,147 13,646 14,242 Crisil 10 Yr Gilt Index # 11.15% 11.10% 13,736 14,129 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 46

47 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Akhil Mittal (contd.) FMP - Series 46 - Scheme T 8.84% 8.46% 8.71% Inception date 24-Feb-14 10,884 12,762 13,225 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.50% 11,147 13,646 14,396 Crisil 10 Yr Gilt Index # 11.15% 11.22% 13,736 14,277 Managing since 01-Apr-17 FMP - Series 47 - Scheme J 8.84% 8.54% 8.64% Inception date 04-Apr-14 10,884 12,788 13,082 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.61% 11,147 13,646 14,274 Crisil 10 Yr Gilt Index # 11.15% 11.66% 13,736 14,298 Managing since 01-Apr-17 FMP - Series 47 - Scheme C 8.85% 8.52% 8.61% Inception date 26-Mar-14 10,885 12,784 13,097 Crisil Short Term Bond Fund Index* 11.47% 10.91% 11.30% 11,147 13,646 14,184 Crisil 10 Yr Gilt Index # 11.15% 11.04% 13,736 14,077 Managing since 01-Apr-17 FMP - Series 47 - Scheme D 8.84% 8.44% 8.61% Inception date 28-Mar-14 10,884 12,756 13,091 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.29% 11,147 13,646 14,172 Crisil 10 Yr Gilt Index # 11.15% 11.09% 13,736 14,088 Managing since 01-Apr-17 FMP - Series 47 - Scheme E 8.82% 8.51% 8.63% Inception date 10-Apr-14 10,882 12,778 13,060 Crisil Short Term Bond Fund Index* 11.47% 10.91% 11.59% 11,147 13,646 14,244 Crisil 10 Yr Gilt Index # 11.15% 11.54% 13,736 14,221 Managing since 01-Apr % 8.44% 8.57% Inception date 17-Apr-14 FMP - Series 47 - Scheme F 10,844 12,756 13,015 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.41% 11,147 13,646 14,141 Crisil 10 Yr Gilt Index # 11.15% 11.23% 13,736 14,064 Managing since 01-Apr % 8.63% 8.73% Inception date 30-Apr-14 FMP - Series 47 - Scheme H 10,877 12,822 13,037 Crisil Composite Bond Fund Index* 11.47% 10.91% 11.25% 11,147 13,646 14,022 Crisil 10 Yr Gilt Index # 11.15% 11.20% 13,736 14,002 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 47

48 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Sonam Udasi Dual Advantage Fund - Scheme C Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # Dual Advantage Fund - Series 2 - Scheme C Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # 7.69% 8.05% 8.07% Inception date 27-Jun-14 10,769 12,616 12, % 10.56% 10.64% 11,207 13,519 13, % 11.15% 13,736 13,749 Managing since 01-Apr-16 Period 8.65% 7.68% Inception date 05-Feb-15 10,865 11, % 8.97% 11,207 12, % 12,403 Managing since 01-Apr-16 Dual Advantage Fund - Series 2 - Scheme A Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # Dual Advantage Fund - Series 3 - Scheme A Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # Period 8.81% 8.87% Inception date 11-Sep-14 10,881 12, % 10.43% 11,207 13, % 13,483 Managing since 01-Apr-16 Period 8.30% 7.13% Inception date 26-Mar-15 10,830 11, % 9.54% 11,207 12, % 12,348 Managing since 01-Apr-16 Dual Advantage Fund - Series 2 - Scheme B Crisil MIP Blended Index* Crisil 10 Yr Gilt Index # Period 9.36% 7.77% Inception date 04-Dec-14 10,936 12, % 9.29% 11,207 12, % 12,781 Managing since 01-Apr-16 Lumpsum Performance of schemes managed by Rupesh Patel Infrastructure Tax Saving Fund Nifty 500* Nifty 50 # 17.44% 10.94% 12.84% 11.32% Inception date 30-Mar-09 11,744 13,659 18,309 24, % 10.50% 14.83% 17.12% 11,935 13,494 19,977 36, % 7.74% 12.50% 15.11% 11,488 12,509 18,036 31,969 Managing since 01-Jan-14 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. Disclaimer 1) Scheme returns in terms of CAGR are provided for past, s, s and since inception. 2) Point-to-point returns on a standard investment of 10,000/- are in addition to CAGR for the schemes. 3) Different plans shall have a different expense structure. The performance details provided herein are of regular plan. 4 ) stands for schemes in exixtance for more than but less than s 5) Period for which schemes performance has been provided is computed basis last day of the month - end preceding the date of advertisement. 6) Past performance may or may not be sustained in future. For computation of since inception returns the allotment V has been taken as (Except for TLF, TFF, TTMF & TMMF where V is taken as 1,000). *All payouts during the period have been reinvested in the units of the scheme at the then prevailing V. Load is not considered for computation of returns. While calculating returns dividend distribution tax is excluded. Schemes in existence for less than, performance details for the same are not provided. Mutual Fund Investments are subject to market risks, read all Scheme related documents carefully. - data are not available for the period 48

49 SCHEME PERFORMANCE Past performance may or may not be sustained in future. After payment of dividend the V will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-). Pursuant to allotment of bonus units, the V of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same. The Std. Dev., Sharpe Ratio, Jensen s Alpha,, & R-squared are based on one month return calculated using last s data. Price/Earning Ratio, Price/Book Value Ratio, are based on the historical earnings and accounting numbers, and have been computed only for the invested portion of the portfolio. Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales to the average net assets in the past one year (For schemes that have not completed one year, since inception is considered) Cash & Cash Equivalents includes CBLO, REPO, Fixed Deposits and Cash & Bank Balance. $-ICRA s mutual fund rating methodology is based on evaluating the inherent credit quality of the fund s portfolio. As a measure of the credit quality of a debt fund s assets. ICRA uses the concept of credit scores. These scores are based on ICRA s estimates of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRA s assessment of a debt fund s published investment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a month s time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality. Note Media & Entertainment Sector includes stock of Navneet Education Ltd. which is approved by our Sharia advisors Dar-ul-Sharia. This Company is in the business of Publication of education related books & Stationery items. 49

50 DIVIDEND / BONUS HISTORY Equity P/E Fund (Before 30th September 2009) Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V (After Split under Dividend Option w.e.f. 1st Oct Dividend Trigger Option A (5%)) (After Split under Dividend Option w.e.f. 1st Oct Dividend Trigger Option B (10%)) * * Dividend Yield Fund Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Large Cap Fund Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V *as on 28 April, 2017 Past performance may or may not be sustained in future. After payment of dividend the V will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-). Pursuant to allotment of bonus units, the V of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same. 50

51 DIVIDEND / BONUS HISTORY India Tax Savings Fund Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Bonus History Bonus Units in March Ethical Fund Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Bonus History Bonus Units in March Balanced Fund Dividend Option Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V Balanced Fund Monthly Dividend Option Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V Past performance may or may not be sustained in future. After payment of dividend the V will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-). Pursuant to allotment of bonus units, the V of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same. 51

52 DIVIDEND / BONUS HISTORY Monthly Dividend Option Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Infrastructure Fund Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V Equity Opportunities Fund (Data provided since 2005) Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Mid Cap Growth Fund (Earlier Growth Fund) Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V Savings Equity Fund (Data provided since 2008) (Earlier known as Monthly Income Fund) Monthly Dividend Option Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` Reg. Reg. V V Past performance may or may not be sustained in future. After payment of dividend the V will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-). Pursuant to allotment of bonus units, the V of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same. 52

53 DIVIDEND / BONUS HISTORY Monthly Dividend Option Date of Declaration of dividend Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Young Citizens Fund Bonus History Bonus Units in March Bonus Units in March Bonus Units in Nov Bonus Units in Nov Bonus Units in Nov Bonus Units in Nov Date of Declaration of dividend Quarterly Dividend Option Dividend p.u. (`) on Face Value of ` 10 Reg. Reg. V V Past performance may or may not be sustained in future. After payment of dividend the V will fall to the extent of dividend payout and statutory levy, if any. (Unit face value - ` 10/-). Pursuant to allotment of bonus units, the V of the scheme would fall in proportion to the bonus units allotted & as a result the total value of units held by investor would remain the same. 53

54 HOW TO READ A FACT SHEET SCHEDULE 3 Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years. V The V or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The V is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing V at the time of investment. For instance, if the V is 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing V at the time of redemption The investor will receive redemption proceeds at net value of V less Exit Load. For instance, if the V is Rs 100 and the exit load is 1%, the investor will receive Rs 99. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. R-Squared R-squared measures the relationship between a portfolio and its benchmark. It is simply a measure of the correlation of the portfolio s returns to the benchmark s returns. Ratio Ratio is a measurement of efficiency utilizing the relationship between annualized risk-adjusted return and risk. Unlike Sharpe Ratio, Ratio utilizes market risk (beta) instead of tatal risk (standard deviation). Jensen Alpha A measure of the difference between a fund s actual returns and its expected performance, given its level of risk as measured by beta. Jensen s Alpha is equivalent to the alpha derived from regressing the same or portfolio s returns in excess of the risk free rate against the market return in excess of the risk free rate. 54

55 Investment Manager TATA ASSET MAGEMENT LTD. Trustee TATA TRUSTEE COMPANY LTD. Website Corporate Identity Number TAML U65990-MH-1994-PLC , TTCL U65991-MH-1995-PLC BRANCH CONTACT DETAILS free at SMS TMF to West Zone Mumbai Asset Management Ltd., Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai Tel /92/93, Fax Borivali Shop No.6, Kapoor Apartment, Punjabi Lane and Chandavarkar Road Junction, Borivali West, Mumbai Tel Thane Shop No. 9, Konark Tower, Ghantali Road, Thane (W) Tel Ahmedabad 402, Megha House, Mithakhali - Law Garden Road, Netaji Marg, Ahmedabad Tel / Fax Pune Asset Management Ltd., Office No 33, 3rd Floor, Yashwant, Opp Lane No. 9, Prabhat Road, Pune Tel , Telefax Surat Ground floor, G - 18, ITC Building, Near Majuragate, Ring road, Surat Tel / 19, Fax Vadodara 304, 3rd Floor, TITHI Complex, Opposite Baroda Productivity Council, Productivity Road, Alkapuri. Vadodara Tel / , Fax Rajkot Arhant Plaza, 201, 2nd Floor, Subhash Road, Near Moti Taki, Rajkot Tel / Indore 204, D M Tower, 21/1 Race Course Road, Near Janjeerwala Chourha, Indore Tel , Fax Bhopal Asset Management Ltd., MF-12, Block-A, Mansarovar Complex, Near Habibganj Railway Station, Bhopal Tel / Nashik 5, Samriddhi Residency, Opp Hotel City Pride, Tilakwadi, Nashik Tel / , Fax Goa Asset Mangement Ltd, F- 4, 1st Floor, Edcon Tower, Next to Hotel Salida Del Sol, Near Apple Corner, Menezes Braganza Road, Panaji - Goa Tel /36. Jabalpur TATA Asset Management Ltd., Office No. 4, 1178, Napier Town, Home Science College Road, Jabalpur (M.P.). Tel Nagpur 102, Shivaji Complex, Near Times of India, Dharampeth, WHC Road, Nagpur , Tel / Jamnagar 202 Manek Centre, 2nd Floor, P N Marg, Jamnagar Tel East Zone Bhilai Shop No.145, Ground Floor, Chauhan Estate, Near HDFC Bank, Bhilai Tel Bhubaneswar Room-309, 3rd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar Tel Dhanbad Shri Ram Plaza, 2nd Floor, Shop No.211, Bank More, Dhanbad, Jharkhand Tel / Durgapur Landmark Building (Phase II), Second Floor, Above Punjab National Bank, Opp. Central Library, Shahid Khudiram Sarani, City Centre, Durgapur Tel / Guwahati 109, 1st Flr, Orion Tower, Christian Basti, G S Road, Guwahati (Assam). Tel Kolkata Apeejay House, Ground Floor, 15, Park Street, Kolkata Tel / Fax Jamshedpur Voltas House, Mezzanine Floor, Main Road, Bistupur, Jamshedpur Tel /41/12/63. Patna 605, 6th Flr, Ashiana Hariniwas, New Dak Bunglow Chowk, Patna Tel Raipur 331 & 332, 3rd Flr, Lalganga Shopping Mall, G E Road, Raipur (Chhattisgarh). Tel Ranchi 406-A, 4th Floor, Satya Ganga Arcade, Sarjana Chowk, Lalji Hirji Road, Ranchi Tel / Siliguri Lower Ground Flr., Nanak Complex, Sevoke Road, Siliguri Tel / North Zone Agra Ground Floor, Block - 44/G 108, Sanjay Complex, Sanjay Place, Agra Tel Allahabad Shop No. 10, Upper Ground Floor, Vashistha Vinayak Tower, Tashkand Marg, Civil Lines, Allahabad Tel / Amritsar Mezzanine floor, S.C.O 25, B Block, District Shopping Complex, Ranjit Avenue, Amritsar Tel Chandigarh SCO , 1st Floor, Sector 22 C, Chandigarh Tel / / , Fax Dehradun Shop No. 19, Ground Floor,Shree Radha Palace, 78, Rajpur Road, Dehradun , Uttarakhand. Tel Jaipur 233, 2nd Floor, Ganpati Plaza, M I Road, Jaipur Tel / 78 / / , Fax Kanpur 4th floor, Office no , KAN Chambers, 14 / 113, Civil Lines, Kanpur Tel , Fax Delhi Flat No. G H, 9th Floor, Vandana Building, 11 Tolstoy Marg, Connaught Place, New Delhi Tel /102/103/104/105, Fax Lucknow Office No.2, Saran Chambers-I, 1st Floor, 5,Park Road, Lucknow Tel / , Fax Ludhiana Cabin No. 201, 2nd. Floor, SCO 18, Opp Ludhiana Stock Exchange, Feroze Gandhi Market, Ludhiana Tel / , Fax Moradabad Asset Management Ltd., 2nd floor, Near Hotel Rajmahal, Civil Lines, Moradabad , Tel , Jodhpur Ground Floor, Jaya Enclave, 79/4, Opp IDBI Bank, 1st A Road, Sardarpura, Jodhpur Tel / , Fax Udaipur Office No - 4, 2nd Floor, Madhav Appartment, Opp GPO, Chetak Circle, Udaipur Tel / , Fax Varanasi D-64/127, 2nd Floor, C-H Arihant Complex, Sigra, Varanasi Tel Jalandhar Premises No.32, 5th Floor, City Square Building, EH - 197, Civil Lines, Jalandhar Tel /25. Ajmer 2nd Floor, 42, K. C. Complex, Daulat Bagh Road, Sunder Vilas, Ajmer Tel Kota Unit No. 26, 1st Floor, Mehta Compound, Jhalawar Road, Kota Tel Meerut G-13, Rama Plaza, Near Bachha Park, Western Kutchery Road, Meerut (U.P.) South Zone Bangalore Unit 3A, 4th Floor, Sobha Alexander, 16 / 2-6, Commissariat Road, Bangalore Tel / / , Fax Calicut C-8 & 9, Friends Commercial Complex, Near Federal Towers,Arayadathu Palam, Mavoor Road, Calicut Tel Chennai TATA Asset Management Ltd, Riaz Garden, 3rd Floor, No29, Kodambakkam High Road, Near Palmgrove Hotel, Nungambakkam, Chennai Tel /69/78. Fax Cochin 2nd Floor, Ajay Vihar, JOS Junction, M. G. Road, Cochin Tel /14/15/16. Fax Coimbatore Tulsi Chambers, 195 F, Ground Floor, West T V Swamy Road, R S Puram, Coimbatore Tel /44, , Fax Hyderabad 2nd floor, Room no. 211, Babukhan Mall, Opp. Kalaniketan, Somajiguda, Hyderabad Tel Fax Hubli No 19 & 20, 1st floor, Eureka Junction, T B Road, Hubli Tel Fax Kottayam C S I Ascention Square, Collectrorate P. O., Kottayam Tel Mangalore Asset Management Ltd., Essel Towers, 1st Floor, Bunts Hostel Circle, Above UTI Bank, Mangalore Tel Madurai 1st Floor, 11B Old, Goods Shed Street Rear, Opp. Sethupathy Higher Secondary School, North Veli Street, Madurai Tel Fax Mysore CH-16, 1st Floor, Prashanth Plaza, 4th Main, 5th Cross, Saraswathipuram, Mysore Tel Fax Salem Raj Towers, Ground Floor, No 4, Brindavan Road, Fairlands, Salem Tel Fax Trivandrum Ground Floor, Sai Kripa Building, TC-1956/3, Ganapthi Temple Road, Vazhuthacaud, Trivandrum Tel Fax Trichy No.60/3, 'Krishna', 2nd Floor, Sastri Main Road,Tennur, Trichy Tel Thrissur 4th Floor, Pathayappura buildings, Round South, Thrissur Tel Vijaywada Ground Floor, D. no , Sri Rama Chandra Complex, Chandra Mouli Puram, M. G. road, Benz Circle, Vijayawada Tel Vishakapatnam Door no & 15, Shop no. 102 B, Ground floor, V R C Complex, Opp. T S R Complex, Next to Andhra Bank, Visakhapatnam Tel Fax Puducherry Jayalakshmi Complex, No. 6, 1st Floor, 116, Thiruvalluvar Salai Pillaithottam, Puducherry Tel Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

56

INDEX MARKET OUTLOOK EQUITY HYBRID DEBT LIQUID GILT SOLUTIONS. Equity Debt

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