MARKET REVIEW. Mr. Saravana Kumar Chief Investment Officer DEBT EQUITY

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1 N O VJEUML B Y E2 R

2 MARKET REVIEW Benchmark Index BSE Sensex CNX NIFTY BSE Realty BSE Healthcare BSE Cons Durables BSE FMCG Sector BSE SmallCap BSE Metal BSE BSE Mid Cap BSE 500 BSE 200 BSE 100 BANKEX BSE Cap Goods BSE BSE IT Sector BSE Oil & Gas Mr. Saravana Kumar Chief Investment Officer DEBT Market Review Based on RBI's Monetary Policy and subsequent minutes of the MPC, it seems RBI has moved away from data dependence. If the last policy is taken as an example, it is seen that RBI has decided that it will not cut rates unless it is sure that inflation is clearly headed to the 4% promised territory. Though last few CPI inflation data has been on the lower side, RBI's main worry seems to emanate from the fact that approximately 70% of the decline in headline inflation in the last year has come on the back of declining food prices especially vegetables and pulses. Traditionally food inflation is considered to be driven by short term supply forces which are temporary in nature. Hence RBI is resisting its rate setting decision based on normal convention of not reacting to sharp fall or sharp rise in prices. Having said that pressure is building up on RBI to cut rates in the August 2017 policy but that is not 100% given as inflation could edge up in second half on the back of reversal effect of base effect. In addition, implementation of 7th pay commission will be inflationary and could push inflation above 4% by end of March US FOMC raised Fed Fund rate range by 25bps from 1% 1.25% as expected. It said near term risks to the economic outlook appear roughly balanced. It also expects to begin implementing its balance sheet normalization program this year. We are closely tracking the Global commodity prices movement that inturn makes impact on the debt market. We are closely tracking Geo political development which makes an impact on the fixed income market. Price* 30,922 9,521 2,043 14,191 16,013 10,428 15,411 11,374 2,226 14,644 13,178 4,149 9,853 26,278 17,076 23,408 9,833 13,203 1 Month Returns 3 Month Returns 6 Month Returns 0.70% 1.00% 5.80% 4.60% 4.00% 3.20% 2.20% 1.10% 0.20% 0.10% 0.20% 0.40% 0.80% 1.00% 3.00% 3.10% 3.90% 7.30% 4.40% 3.80% 27.70% 7.30% 5.00% 6.80% 3.60% 2.10% 3.90% 4.30% 3.90% 3.80% 7.60% 3.80% 6.30% 5.10% 2.70% 16.10% 16.30% 61.70% 3.60% 42.50% 28.30% 27.90% 12.00% 21.70% 19.40% 18.20% 17.50% 26.60% 25.00% 15.60% 3.40% 8.60% * Closing Price as on 30/06/2017 Sectorwise indices For month of Jun17, Realty & Healthcare indices outperformed and returned 5.8% and 4.6% respectively. IT and Oil & Gas indices underperformed the market during the month returning (3.9%) & (7.3%) respectively. Capital flows FIIs were net buyer in the equity to the tune of 3,617 crores (USD 561 million) in June Cumulative, FIIs bought equity worth 55,175 crores (USD 8.44 Billion) from July 2016 to June 2017 and DII bought equity worth 68,711 crores (USD billion) for the same period. (As of 30th June 2017, Source: SEBI) (June 2017 Avg. 1 USD = INR 64.44). Outlook June, the first month of Southwest Monsoon 2017 ended on an exceptionally good note. As on June 30, the cumulative rainfall stands at 4% above normal and distribution of rainfall has been well spread out across the country. The good monsoon is critical to the government's hopes of achieving a projected growth rate of more than 7.5% as a good harvest could lift rural incomes and boost spending on consumer goods. Agriculture and allied sectors should see increased positive activity due to better monsoon prospects for FY18. Outlook We continue to remain neutral on the back of risks to inflation highlighted by RBI. Distribution of monsoons, payment of 7th pay commission allowances, Impact on GST implementation and fiscal implications of farm loan waivers could still be the upside risks to inflation. Though US FED has maintained that it sees its balance sheet reduction happening by the end of this year, however when it starts it could lead to some negative distortions in the market. The GST implemented from 1st July is expected to drive large scale benefits for the government, corporates as well as consumers. While government will gain from higher tax collections, the corporate will gain from complete tax credits along the whole valuechain while being able to streamline their logistical costs. Customers will ultimately gain from lower prices as the benefits of the system are passed on. We believe that GST is a powerful reform which will reaffirm the faith in the reforms process initiated by the government. EQUITY Market Review July17 marks start of the GSTera in India's financial and business journey. In July17, Equity markets took a breather after a continued rally since Jan2017. Welldistributed & above normal monsoon rains brought cheers and positive bias to agriculture sector. Concerns over negative trade implications appeared closer to the date of GST implementation which made markets loose some steam. Uncertainty over banks profitability was driven by: (i) RBI's directive to banks about provisioning on accounts referred for bankruptcy and, (ii) farm loan waivers by few states leading to habit forming. Government also cleared 7th Central Pay Commission allowances which may provide a boost to consumption. Indian IT services will kick start the earnings season, with big corporates taking the lead. Broadly, as a portfolio theme, we continue to believe in companies with strong distribution networks, differentiated products, limited regulatory overhang on manufacturing units and strong consumer base with clear competitive advantage which can overcome any volatile time. In its Jun17 meet, RBI retained status quo and also revised its inflation forecasts downwards. Index for Industrial Production (IIP) posted growth of 3.1% for Apr17 versus revised print of 3.8% for Mar17. On inflation front, May17 CPI inflation eased to 2.2% post printing 3.0% in Apr17. WPI inflation softened further and printed 2.2% for May17 against 3.8% for Apr17. 2

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

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

5 Type: An OpenEnded Equity An open ended pure scheme seeking to provide capital growth by investing mainly in equity instruments and also in debt and other permitted instruments of capital and money markets. The investment Date of Allotment: September 01, 1994 portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: S&P BSE Sensex Minimum Investment: 5,000/FUND MAGER: Name: Mr. Sachin Relekar;Experience: 12 years V AS ON JUNE 30, 2017: V Regular Plan Dividend EXPENSE RATIO Regular: 2.85% Direct Plan ANNUAL PORTFOLIO TURNOVER RATIO: 0.44 times % of V 17.94% Maruti Suzuki India Ltd. 8.67% Eicher Motors Ltd. 5.12% Tata Motors Ltd. 3.04% Bajaj Ltd. 1.10% Ancillaries Motherson Sumi Systems Ltd. 3.63% 3.63% 30.53% HDFC Bank Ltd. 8.97% ICICI Bank Ltd. 6.50% Kotak Mahindra Bank Ltd. 6.15% IndusInd Bank Ltd. 5.08% 0.97% Housing Development Co. Ltd. 3.52% 3.52% Cummins India Ltd. 1.48% 1.48% Media & Entertainment Zee Entertainment Enterprises Ltd. 2.01% 2.01% Non Ferrous Metals Hindalco Industries Ltd. 2.49% 2.49% Pesticides UPL Ltd. 3.03% 3.03% Indian Oil Corporation Ltd. 3.21% 3.21% Axis Bank Ltd. 3.83% 3.70% Aurobindo Pharma Ltd. 6.39% 3.29% UltraTech Ltd. 2.00% Lupin Ltd. 1.98% Shree s Ltd. 1.70% Piramal Enterprises Ltd. 1.12% Larsen & Toubro Ltd. 3.42% Infosys Ltd. 5.09% 5.09% 9.14% Total Britannia Industries Ltd. 3.64% ITC Ltd. 2.31% 3.42% Cash & Other Receivables 4.42% SECTOR ALLOCATION (% of V) 95.58% 4.42% Value of lumpsum investment of 10,000/ invested on inception date 95.58% 2.21% Dabur India Ltd. ASSET ALLOCATION (% of V) % of V Hindustan Unilever Ltd. Direct: 1.60% RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta there is no assurance that the investment objective of the will be realised. S&P BSE Sensex* 14.64% 14.53% Nifty 50** S&P BSE Sensex* 11, , Nifty 50** 11.05% 6.75% 13, , , % 12.13% 19, , , % 8.76% 8.87% 23, , , , Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March, 2015 and total no of schemes managed by him is 14. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns.* Benchmark, ** Additional Benchmark % 17.94% SIP PERFORMANCE 9.14% 6.39% 5.09% 3.70% Ancillaries 3.63% 3.52% 3.42% 10 Years Total Amount Invested ( ) SIP Investments 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on June 30, 2017 ( ) 1,29,414 4,13,210 8,31,688 21,39,340 Returns () (%) Benchmark Returns () (%) # % Additional Benchmark Returns () (%) ## Pesticides 3.03% Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day Non Ferrous Metals Media & Entertainment 2.49% 2.01% 1.48% of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 5

6 Type: An OpenEnded Equity The main investment objective of the scheme is to provide capital growth by investing mainly in equities. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. Date of Allotment: April 15, 1993 However, there is no assurance that the investment objective of the will be realised. AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Minimum Investment: 5,000/FUND MAGER: Name: Mr. Ramnath Venkateswaran Experience: 12 years V AS ON JUNE 30, 2017: V Dividend Regular Plan Direct Plan Regular: 2.82%; Direct: 1.66% ANNUAL PORTFOLIO TURNOVER RATIO: 1.11 times RISK MEASURES: Standard Deviation Sharpe Ratio Portfolio Beta % of V Bharat Forge Ltd. 2.07% 4.78% SKF India Ltd. 1.19% Tata Motors Ltd. DVR Shares 3.90% AIA Engineering Ltd. 0.85% Hero MotoCorp Ltd. 0.88% Minerals/Mining Coal India Ltd. 1.84% Non Ferrous Metals Hindalco Industries Ltd. 0.46% Pesticides PI Industries Ltd. 2.08% Sun Pharmaceutical Industries Ltd. 7.82% Aurobindo Pharma Ltd. 2.12% IPCA Laboratories Ltd. 1.44% Cadila Healthcare Ltd. 1.40% 29.28% Benchmark: S&P BSE Sensex % of V 1.84% ICICI Bank Ltd. 7.58% State Bank of India 7.14% Punjab National Bank 4.83% Bank of India 4.55% Bank of Baroda 3.64% Axis Bank Ltd. 1.55% Chemicals Tata Chemicals Ltd. 3.91% Navin Fluorine International Ltd. 1.07% Construction Prestige Estates Projects Ltd. 2.09% Larsen & Toubro Ltd. 3.72% Consumer Durables Bajaj Electricals Ltd. 0.84% 0.84% Tech Mahindra Ltd. Dabur India Ltd. 1.86% Infosys Ltd. 3.86% 1.86% Wipro Ltd. 3.29% Ferrous Metals Tata Steel Ltd. 1.96% KPIT Technologies Ltd. 1.20% 1.96% 1.89% Telecom Services Bharti Airtel Ltd. Corporation Ltd. 1.89% Total Supreme Industries Ltd. 6.17% 2.07% 2.84% 2.09% 3.72% 0.46% 2.08% Sanofi India Ltd. 0.57% 11.16% NTPC Ltd. 5.05% Grid Corporation of India Ltd. 4.56% 99.31% 0.69% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 11, % 14.53% 10, , % 6.75% 11, , , % 12.13% 17, , , % 11.34% 11.60% 41, ,34, ,42, SECTOR ALLOCATION (% of V) 0.69% Value of lumpsum investment of 10,000/ invested on inception date 99.31% 1.66% 12.90% 4.45% Tata Ltd. ASSET ALLOCATION (% of V) 2.31% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no of schemes managed by him is 10. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark % 12.90% 11.16% SIP PERFORMANCE 7.82% Telecom Services SIP Investments 10 Years 6.17% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 1,23,059 3,82,840 7,54,459 18,55, % Chemicals 3.91% Market Value as on June 30, 2017 ( ) 3.72% Returns () (%) Benchmark Returns () (%) # Construction 2.09% Pesticides 2.08% Ferrous Metals 1.96% Additional Benchmark Returns () (%) ## 1.89% Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day 1.86% Minerals/Mining 1.84% Consumer Durables 0.84% Non Ferrous Metals 0.46% of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 6

7 Type: An OpenEnded Equity To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies. However, there can be no assurance that the investment objective of the Date of Allotment: February 25, 2015 scheme will be realised. AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr % of V Exit Load: 1% upto 1 year and No Exit Load after % of V Gas Eicher Motors Ltd. Ancillaries Motherson Sumi Systems Ltd. 1.99% Petronet LNG Ltd. 2.80% 2.80% 1.99% Industrial Capital Goods Bharat Electronics Ltd. 1.33% 1.33% Supreme Industries Ltd. 1.67% 1.67% 10.49% 3.95% Exide Industries Ltd. 2.50% Tube Investments of India Ltd. 2.23% MRF Ltd. 1.80% Non Ferrous Metals Hindalco Industries Ltd. 1.52% 1.52% Minimum Investment: 5,000/ City Union Bank Ltd. 7.56% 4.03% Pesticides UPL Ltd. 4.78% 4.78% ICICI Bank Ltd. 3.53% FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years The Ramco s Ltd. 2.51% 2.51% Indian Oil Corporation Ltd. 2.83% 2.83% Chemicals Tata Chemicals Ltd. 8.17% 3.89% Vinati Organics Ltd. 3.11% GHCL Ltd. 1.17% Construction Brigade Enterprises Ltd. 0.37% 0.37% Voltas Ltd. 4.64% 2.48% KEC International Ltd. 2.16% Consumer Durables VIP Industries Ltd. 3.76% 1.89% Benchmark: Nifty Free Float Midcap 100 V AS ON JUNE 30, 2017: V Dividend Regular Plan Direct Plan Regular: 2.91%; Direct: 1.21% ANNUAL PORTFOLIO TURNOVER RATIO: Aurobindo Pharma Ltd % 4.02% Sanofi India Ltd. 2.83% Piramal Enterprises Ltd. 2.07% Cadila Healthcare Ltd. 1.96% Torrent Ltd. 1.10% Suven Life Sciences Ltd. 0.99% Persistent Systems Ltd. 0.78% 0.78% Telecom Equipment & Accessories Sterlite Technologies Ltd. 1.04% 1.04% Textile Products K.P.R. Mill Ltd. 4.34% 1.96% Bajaj Electricals Ltd. 1.87% Britannia Industries Ltd. 7.11% 3.63% Welspun India Ltd. 1.20% RISK MEASURES: Kaveri Seed Ltd. 2.49% SRF Ltd. 1.18% Standard Deviation Emami Ltd. 0.99% 6.23% 2.99% InterGlobe Aviation Ltd. 3.55% 3.55% Total 90.42% 0.40 times Sharpe Ratio Max Financial Services Ltd. Portfolio Beta Multi Commodity Exchange of India Ltd. 1.90% Motilal Oswal Financial Services Ltd. 1.34% ASSET ALLOCATION (% of V) 90.42% NIFTY Free Float MIDCAP 100* Nifty 50** 9.58% SECTOR ALLOCATION (% of V) Ancillaries Chemicals Pesticides Textile Products Consumer Durables Gas Non Ferrous Metals Industrial Capital Goods Tele. Equipment & Accessories Construction 10.49% 8.17% 7.56% 7.11% 6.23% 4.78% 4.64% 4.34% 3.76% 3.55% 2.83% 2.80% 2.51% 1.99% 1.67% 1.52% 1.33% 1.04% 0.78% 0.37% 32.79% 28.32% 12, , % 13, , , % NIFTY Free Float MIDCAP 100* Nifty 50** 12.97% 9.58% 14.12% 13, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no of schemes managed by him is 14. The scheme was launched on 25th Feb'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP PERFORMANCE SIP Investments Total Amount Invested ( ) 1,20, Years 2,80,000 Market Value as on June 30, 2017 ( ) 1,37,392 3,58,008 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # Nifty Free Float Midcap 100 Index, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. 7

8 The investment objective of the scheme is to generate longterm capital appreciation for unit holders from a Type: An OpenEnded Banking & Financial Services Sector Fund portfolio that is invested substantially in equity and equity related securities of companies engaged in Date of Allotment: March 27, 2015 will be realised. banking & financial services sector. However, there can be no assurance that the investment objective of the AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: S&P BSE Bankex Minimum Investment: 5,000/FUND MAGER: Name: Mr. Ramnath Venkateswaran Experience: 12 years V AS ON JUNE 30, 2017: V Dividend Regular Plan Direct Plan Regular: 3.00%; Direct: 1.26% ANNUAL PORTFOLIO TURNOVER RATIO: 0.29 times Sharpe Ratio Portfolio Beta % of V ICICI Bank Ltd. State Bank of India Punjab National Bank Bank of India Bank of Baroda City Union Bank Ltd. Axis Bank Ltd. The South Indian Bank Ltd. Canara Bank The Federal Bank Ltd. DCB BANK Ltd. HDFC Bank Ltd. Yes Bank Ltd. Vijaya Bank Kotak Mahindra Bank Ltd % 9.51% 9.42% 8.22% 7.93% 7.70% 6.25% 5.43% 4.95% 4.77% 4.28% 3.72% 2.83% 2.09% 1.86% 1.42% Corporation Ltd. Multi Commodity Exchange of India Ltd. CRISIL Ltd. Cholamandalam Investment and Ltd. Shriram Transport Ltd. Mahindra & Mahindra Financial Services Ltd. Rural Electrification Corporation Ltd % 3.50% 2.65% 2.38% 1.82% 1.73% 1.16% 0.53% Total RISK MEASURES: Standard Deviation 94.14% 5.86% ASSET ALLOCATION (% of V) 94.14% S&P BSE Bankex* Nifty 50** 26.45% 27.99% 12, , , % 11.19% 6.01% 11, , , % S&P BSE Bankex* Nifty 50** Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 27th March 2015 and total no of schemes managed by him is 10. The scheme was launched on 27th March'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. SECTOR ALLOCATION (% of V) SIP PERFORMANCE SIP Investments 80.38% 13.76% Total Amount Invested ( ) 1,20,000 2,70,000 Market Value as on June 30, 2017 ( ) 1,32,645 3,25,713 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Years Past performance may or may not be sustained in the future. # S&P BSE BANKEX INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. 8

9 Type: An OpenEnded Equity Sectoral The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 24, 2008 AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: 65.5 Cr Exit Load: 1% if exit within 1 year from the date of allotment of units Benchmark: S&P BSE % HDFC Bank Ltd. 9.27% ICICI Bank Ltd. 9.01% State Bank of India 5.11% City Union Bank Ltd. Minimum Investment: 5,000/ % of V 4.05% Axis Bank Ltd. 2.16% 13.57% % of V Gas 4.89% Petronet LNG Ltd. 4.89% Industrial Capital Goods Bharat Electronics Ltd. 5.91% 3.44% Praj Industries Ltd. 2.47% SKF India Ltd. 6.00% 3.54% Cummins India Ltd. 2.47% 1.71% 1.67% The Ramco s Ltd. 4.83% Minerals/Mining Coal India Ltd. JK Lakshmi Ltd. 3.77% Gujarat Mineral Development Corporation Ltd. 0.04% V AS ON JUNE 30, 2017: UltraTech Ltd. 3.00% V Dividend ACC Ltd. 1.98% Non Ferrous Metals Hindalco Industries Ltd. 0.98% 0.98% Chemicals 2.51% Solar Industries India Ltd. 2.51% Indian Oil Corporation Ltd. 2.82% 2.82% Construction 2.57% Telecom Equipment & Accessories Sterlite Technologies Ltd. 1.42% 1.42% Telecom Services Bharti Airtel Ltd. 3.14% 3.14% InterGlobe Aviation Ltd. 5.58% 3.62% FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years Regular Plan Direct Plan Regular: 2.70%; Brigade Enterprises Ltd. Direct: 1.43% 2.57% 14.75% ANNUAL PORTFOLIO TURNOVER RATIO: Larsen & Toubro Ltd times KEC International Ltd. 3.64% Sadbhav Engineering Ltd. 3.58% Container Corporation of India Ltd. Ashoka Buildcon Ltd. 3.45% Total RISK MEASURES: 4.08% Standard Deviation % Sharpe Ratio Kaveri Seed Ltd. 3.13% Portfolio Beta % S&P BSE 100* 16.94% 16.88% 1.40% ASSET ALLOCATION (% of V) 1.96% 98.60% Nifty 50** 11, S&P BSE 100* 11, Nifty 50** 11, % 8.36% 12, , , % 13.28% 17, , , % 8.54% 8.13% 13, , , % SECTOR ALLOCATION (% of V) Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar managing the above scheme from 1st March 2013 and total no of schemes managed by him is 14. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark % 14.75% SIP PERFORMANCE 13.57% 6.00% SIP Investments 10 Years Industrial Capital Goods 5.91% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 11,10,000 Market Value as on June 30, 2017 ( ) 1,33,279 4,14,713 8,24,768 16,76, % Gas 4.89% Telecom Services 3.14% 3.13% Returns () (%) Benchmark Returns () (%) # % Construction 2.57% Additional Benchmark Returns () (%) ## Chemicals 2.51% Past performance may or may not be sustained in the future. # S&P BSE 100 INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Minerals/Mining 1.71% Tele. Equipment & Accessories 1.42% Non Ferrous Metals 0.98% Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. 9

10 Type: An OpenEnded Equity Linked Tax Saving The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 31,1997 AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: Nil (Subject to lockin period of 3 years) Benchmark: S&P BSE Sensex % of V 9.39% Maruti Suzuki India Ltd. 4.91% Tata Motors Ltd. 2.36% Eicher Motors Ltd. 2.12% Ancillaries Exide Industries Ltd. 3.90% Tube Investments of India Ltd. 1.81% 2.09% % of V Max Financial Services Ltd. 2.07% 2.07% Gas Petronet LNG Ltd. 2.74% 2.74% Industrial Capital Goods Bharat Electronics Ltd. 1.53% 1.53% Supreme Industries Ltd. SKF India Ltd. 3.71% 2.41% 1.29% Non Ferrous Metals Hindalco Industries Ltd. 1.43% 1.43% 5.44% 3.22% 2.23% HDFC Bank Ltd % 6.66% ICICI Bank Ltd. 5.53% Kotak Mahindra Bank Ltd. 4.24% City Union Bank Ltd. 3.37% Pesticides UPL Ltd. PI Industries Ltd. V AS ON JUNE 30, 2017: The Ramco s Ltd. 3.05% 1.94% Indian Oil Corporation Ltd. 1.90% 1.90% V Dividend JK Lakshmi Ltd. 1.11% Chemicals Vinati Organics Ltd. 8.86% 3.35% Tata Chemicals Ltd. 3.14% Pidilite Industries Ltd. 1.46% GHCL Ltd. 0.90% Aurobindo Pharma Ltd. Piramal Enterprises Ltd. Torrent Ltd. Suven Life Sciences Ltd. Sanofi India Ltd. 8.22% 3.09% 2.12% 1.44% 1.32% 0.24% Construction 1.41% ANNUAL PORTFOLIO TURNOVER RATIO: Brigade Enterprises Ltd. 1.41% Infosys Ltd. 2.17% 2.17% 0.64 times 2.43% KEC International Ltd. 2.43% Telecom Equipment & Accessories Sterlite Technologies Ltd. 1.51% 1.51% Consumer Durables Bajaj Electricals Ltd. 3.11% 1.78% Textile Products SRF Ltd. 0.95% 0.95% VIP Industries Ltd. 1.33% InterGlobe Aviation Ltd. 3.26% 3.26% Sharpe Ratio Portfolio Beta Kaveri Seed Ltd. 5.73% 2.90% Britannia Industries Ltd. 2.83% Minimum Investment: /FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years Regular Plan Direct Plan Regular: 2.78%; Direct: 1.51% RISK MEASURES: Standard Deviation ASSET ALLOCATION (% of V) SECTOR ALLOCATION (% of V) Chemicals Pesticides Ancillaries Consumer Durables Gas Industrial Capital Goods Tele. Equipment & Accessories Non Ferrous Metals Construction Textile Products S&P BSE Sensex* 17.91% 14.53% 13.26% 6.75% 16.09% 8.98% 7.41% 19.80% 9.39% 8.86% 8.22% 5.73% 5.44% 3.90% 3.71% 3.26% 3.11% 3.05% 2.74% 2.43% 2.17% 2.07% 1.90% 1.53% 1.51% 1.43% 1.41% 0.95% 92.59% 92.59% 7.41% Total Nifty 50** S&P BSE Sensex* Nifty 50** 11, , , , , % 21, , , % 11.94% 57, , , , Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no of schemes managed by him is 14. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on June 30, 2017 ( ) 1,31,966 4,26,628 8,86,120 22,23,271 SIP Investments Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 10

11 Type: An OpenEnded Index Linked Equity The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: 1% if exit within 1 month from the date of allotment of units % of V 11.49% Maruti Suzuki India Ltd. 3.23% Tata Motors Ltd. 2.82% Mahindra & Mahindra Ltd. 2.12% Hero MotoCorp Ltd. 1.59% Minimum Investment: 5,000/ Bajaj Ltd. 1.29% FUND MAGER: Name: Mr. Ramnath Venkateswaran; Experience: 12 years 27.34% HDFC Bank Ltd % Benchmark: S&P BSE Sensex Tata Motors Ltd. DVR Shares ICICI Bank Ltd. V AS ON JUNE 30, 2017: V Dividend Regular Plan Direct Plan Regular: 1.70%; Direct: 1.15% 0.10 times RISK MEASURES: 0.19% Kotak Mahindra Bank Ltd. 3.51% State Bank of India 3.20% Axis Bank Ltd. 2.92% Larsen & Toubro Ltd % 0.40% SECTOR ALLOCATION (% of V) 27.34% Minerals/Mining 1.02% Coal India Ltd. 1.02% Oil Oil & Natural Gas Corporation Ltd. 1.45% 1.45% Reliance Industries Ltd. 7.76% 7.76% Sun Pharmaceutical Industries Ltd. 4.98% 2.02% Dr. Reddy's Laboratories Ltd. 1.13% Cipla Ltd. 0.96% Lupin Ltd. 0.87% Grid Corporation of India Ltd. 2.90% 1.56% 1.33% 4.57% Infosys Ltd % 6.36% 4.57% Tata Consultancy Services Ltd. 4.24% Wipro Ltd. 1.10% Telecom Services Bharti Airtel Ltd. 1.69% 1.12% 1.12% 13.62% 9.34% 2.61% Asian Paints Ltd. 1.68% 1.69% Ferrous Metals 1.24% Adani Ports and Special Economic Zone Ltd. Tata Steel Ltd. 1.24% Total Housing Development Co. Ltd. 8.71% 8.71% 99.60% 0.40% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 13.87% 14.53% 11, , % 6.75% 12, , , % 12.13% 17, , , % 16.76% 16.35% 57, , , , Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no of schemes managed by him is 10. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark % 11.71% 11.49% 8.71% 7.76% 4.98% % of V NTPC Ltd. Hindustan Unilever Ltd. ASSET ALLOCATION (% of V) 6.33% ITC Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: Tracking Error 0.42% 4.57% 2.90% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 17,40,000 Market Value as on June 30, 2017 ( ) 1,30,642 4,05,966 7,77,712 19,37,845 40,09,646 Returns () (%) Telecom Services 1.69% Benchmark Returns () (%) # Oil 1.45% Additional Benchmark Returns () (%) ## Ferrous Metals 1.24% Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day 1.12% Minerals/Mining 1.02% of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 11

12 Type: An OpenEnded Index Linked Equity The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr % of V Benchmark: Nifty 50 Maruti Suzuki India Ltd. Tata Motors Ltd. Mahindra & Mahindra Ltd. Hero MotoCorp Ltd. Bajaj Ltd. Eicher Motors Ltd. Tata Motors Ltd. DVR Shares Minimum Investment: 5,000/ Ancillaries Bosch Ltd. Exit Load: 1% if exit within 1 month from the date of allotment of units FUND MAGER: Name: Mr. Ramnath Venkateswaran; Experience: 12 years V AS ON JUNE 30, 2017: V Dividend Regular Plan Direct Plan Regular: 1.20%; Direct: 0.64% 0.62% 0.62% 26.84% 9.26% 5.14% 3.23% 2.82% 2.43% 2.06% 1.49% 0.42% HDFC Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. State Bank of India Axis Bank Ltd. IndusInd Bank Ltd. Yes Bank Ltd. Bank of Baroda UltraTech Ltd. Ambuja s Ltd. ACC Ltd. 2.07% 1.17% 0.53% 0.37% Larsen & Toubro Ltd. 3.83% 3.83% 11.16% 7.63% 2.16% 1.37% ITC Ltd. Hindustan Unilever Ltd. Asian Paints Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.41 times RISK MEASURES: Tracking Error 10.37% 2.65% 2.24% 1.74% 1.30% 1.06% 1.02% 0.36% 0.26% Oil Ferrous Metals Minerals/Mining Media & Entertainment Tele. Equipment & Accessories Ancillaries Gas Non Ferrous Metals Vedanta Ltd. Hindalco Industries Ltd. Oil Oil & Natural Gas Corporation Ltd. Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Sun Pharmaceutical Industries Ltd. Dr. Reddy's Laboratories Ltd. Cipla Ltd. Lupin Ltd. Aurobindo Pharma Ltd. Grid Corporation of India Ltd. NTPC Ltd. Tata Ltd. Infosys Ltd. Tata Consultancy Services Ltd. HCL Technologies Ltd. Wipro Ltd. Tech Mahindra Ltd. Telecom Equipment & Accessories Bharti Infratel Ltd. Telecom Services Bharti Airtel Ltd. Housing Development Corporation Ltd. Indiabulls Housing Ltd. 8.09% 7.13% 0.97% Gas GAIL (India) Ltd. 0.62% 0.62% Adani Ports and Special Economic Zone Ltd. Total NIFTY 50* S&P BSE Sensex** 14.33% 14.53% 11, , , % 6.75% 12, , , % 12.13% 17, , , % 16.35% 16.76% 52, , , % 26.84% 11.52% 11.16% 10.37% 8.36% 8.09% 4.59% 3.83% 2.75% 2.07% 2.06% 1.40% 1.24% 1.00% 0.87% 0.81% 0.75% 0.73% 0.62% 0.62% NIFTY 50* 0.75% 0.75% 0.87% 0.87% 2.06% 1.29% 0.77% 1.24% 1.24% 8.36% 6.35% 1.10% 0.92% 4.59% 1.70% 0.90% 0.79% 0.71% 0.49% 2.75% 1.27% 1.10% 0.38% 11.52% 5.16% 3.50% 1.31% 0.90% 0.65% 0.73% 0.73% 1.40% 1.40% 0.81% 0.81% 99.69% 0.31% SECTOR ALLOCATION (% of V) Non Ferrous Metals Telecom Services Minerals/Mining Coal India Ltd. 1.00% 1.00% 99.69% % of V Ferrous Metals Tata Steel Ltd. ASSET ALLOCATION (% of V) Media & Entertainment Zee Entertainment Enterprises Ltd. S&P BSE Sensex** Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Ramnath Venkateswaran is managing the above scheme from 5th March 2015 and total no of schemes managed by him is 10. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 17,40,000 Market Value as on June 30, 2017 ( ) 1,30,389 4,11,618 7,94,365 19,81,374 39,40,865 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Past performance may or may not be sustained in the future. # NIFTY 50 INDEX, ## S&P BSE SENSEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. 12

13 The investment objective of the scheme is to provide returns that closely correspond to the total returns of Type: An OpenEnded Exchange Traded Fund. securities as represented by NIFTY 50 Index, subject to tracking errors. However there is no assurance that Date of Allotment: November 20, 2015 the objective of the scheme will be achieved. AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: Nil % of V Benchmark: Nifty 50 Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years V AS ON JUNE 30, 2017: Regular Plan Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). V Regular: 0.10% 10.41% 1.74% Hero MotoCorp Ltd. 1.33% Non Ferrous Metals Vedanta Ltd. Bajaj Ltd. 1.06% Hindalco Industries Ltd. 0.74% Eicher Motors Ltd. 1.01% 1.24% Tata Motors Ltd. DVR Shares 0.35% Oil Oil & Natural Gas Corporation Ltd. Ancillaries 0.58% 8.36% Bosch Ltd. 0.58% Reliance Industries Ltd. 6.35% Indian Oil Corporation Ltd. 1.08% Bharat Petroleum Corporation Ltd. 0.93% Sun Pharmaceutical Industries Ltd. 4.68% 1.72% Dr. Reddy's Laboratories Ltd. 0.91% Cipla Ltd. 0.79% Lupin Ltd. 0.71% 26.60% HDFC Bank Ltd. 9.30% ICICI Bank Ltd. 5.16% Kotak Mahindra Bank Ltd. 3.20% State Bank of India 2.50% Axis Bank Ltd. 2.44% IndusInd Bank Ltd. 2.06% Yes Bank Ltd. 1.49% 0.06 times UltraTech Ltd. 1.15% Ambuja s Ltd. 0.51% RISK MEASURES: ACC Ltd. 0.37% Tracking Error 3.85% Larsen & Toubro Ltd. 3.85% 0.39% SECTOR ALLOCATION (% of V) 26.60% 1.26% 1.24% Aurobindo Pharma Ltd. 0.54% 2.82% Grid Corporation of India Ltd. 1.30% NTPC Ltd. 1.10% Tata Ltd. 0.42% 11.61% Infosys Ltd. 5.20% Tata Consultancy Services Ltd. 3.48% HCL Technologies Ltd. 1.35% Wipro Ltd. 0.92% ITC Ltd. 7.65% Tech Mahindra Ltd. 0.67% Hindustan Unilever Ltd. 2.14% Asian Paints Ltd. 1.39% Telecom Equipment & Accessories Bharti Infratel Ltd. 0.71% 0.71% Ferrous Metals 0.98% 0.98% Telecom Services Bharti Airtel Ltd. 1.40% Tata Steel Ltd. 8.08% 0.82% Housing Development Corporation Ltd. 7.13% Adani Ports and Special Economic Zone Ltd. Indiabulls Housing Ltd. 0.94% Total Gas 0.64% GAIL (India) Ltd. 0.64% 11.18% 1.40% 0.82% 99.61% 0.39% 10.41% 8.36% 8.08% 4.68% 11.18% 0.88% 11.61% 2.00% Mahindra & Mahindra Ltd. 2.03% 0.88% 2.24% 0.43% 99.61% 0.75% Minerals/Mining Coal India Ltd. Tata Motors Ltd. 0.75% Zee Entertainment Enterprises Ltd. 2.67% Bank of Baroda ASSET ALLOCATION (% of V) % of V Maruti Suzuki India Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.11% Media & Entertainment 3.85% 2.82% 2.03% NIFTY 50* S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 16.12% 14.53% 11, , , Telecom Services 1.40% Oil Ferrous Metals 1.24% 0.98% Minerals/Mining 0.88% 13.71% 12.64% 11.69% 12, , , Non Ferrous Metals 2.00% 0.82% Media & Entertainment 0.75% Tele. Equipment & Accessories 0.71% Gas 0.64% Ancillaries 0.58% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 20th November 2015 and total no of schemes managed by him is 14. The scheme was launched on 20th Nov'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. 13

14 Type: An OpenEnded Exchange Traded Fund. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by the S&P BSE SENSEX Index by holding S&P BSE SENSEX stocks in same proportion, subject to tracking errors. However there is no assurance that the objective of the scheme will be Date of Allotment: November 30, 2015 achieved. AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: Nil % of V Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). Benchmark: S&P BSE Sensex Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years V AS ON JUNE 30, 2017: V Regular Plan Regular: 0.10% ANNUAL PORTFOLIO TURNOVER RATIO: 0.05 times Tracking Error 0.12% ASSET ALLOCATION (% of V) 99.48% 1.03% Coal India Ltd. 1.03% 3.27% Oil 1.44% Tata Motors Ltd. 2.85% Oil & Natural Gas Corporation Ltd. 1.44% Mahindra & Mahindra Ltd. 2.14% 7.80% Hero MotoCorp Ltd. 1.61% Reliance Industries Ltd. Bajaj Ltd. 1.29% 4.98% Tata Motors Ltd. DVR Shares 0.22% Sun Pharmaceutical Industries Ltd. Dr. Reddy's Laboratories Ltd. 1.12% Cipla Ltd. 0.96% Lupin Ltd. 0.86% Grid Corporation of India Ltd. 2.91% 11.38% Maruti Suzuki India Ltd % HDFC Bank Ltd % ICICI Bank Ltd. 6.34% Kotak Mahindra Bank Ltd. 3.32% State Bank of India 3.02% Axis Bank Ltd. 2.95% 4.61% Larsen & Toubro Ltd. 4.61% 13.71% 2.04% 1.58% NTPC Ltd. 1.34% Infosys Ltd % 6.37% Tata Consultancy Services Ltd. 4.29% Wipro Ltd. 1.12% Telecom Services Bharti Airtel Ltd. 1.70% ITC Ltd. 9.38% Hindustan Unilever Ltd. 2.63% Asian Paints Ltd. 1.70% Ferrous Metals 1.24% 1.10% Adani Ports & Special Eco. Zone Ltd. 1.10% Tata Steel Ltd. 1.24% Total 8.75% Housing Development Fin. Co. Ltd. 8.75% 1.70% 99.48% 0.52% 27.05% 13.71% 11.77% 11.38% 8.75% 7.80% 4.98% 7.80% 0.52% SECTOR ALLOCATION (% of V) Telecom Services % of V Minerals/Mining RISK MEASURES: 4.61% 2.91% 1.70% Oil 1.44% Ferrous Metals 1.24% 1.10% Minerals/Mining 1.03% S&P BSE Sensex* Nifty 50** S&P BSE Sensex* Nifty 50** 15.85% 14.53% 11, , , , , , % 11.16% 12.17% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 30th November 2015 and total no of schemes managed by him is 14. The scheme was launched on 30th Nov'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. 14

15 Type: An OpenEnded Exchange Traded Fund. The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by NIFTY 100 Index, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved. Date of Allotment: March 17, 2016 AUM as on 30/06/2017: Cr Average AUM as on 30/06/2017: Cr Exit Load: Nil Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). Benchmark: Nifty 100 Index Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 1,00,000 units. For Purchase through Stock Exchange: 1 unit FUND MAGER: Name: Mr. Sachin Relekar; Experience: 12 years V AS ON JUNE 30, 2017: V Regular Plan Regular: 0.25% ANNUAL PORTFOLIO TURNOVER RATIO: 0.04 times RISK MEASURES: Tracking Error 0.07% ASSET ALLOCATION (% of V) 99.72% 0.28% SECTOR ALLOCATION (% of V) 12.53% 10.00% 9.79% 9.09% 7.68% 5.37% 3.25% 2.55% 2.01% Non Ferrous Metals 1.86% Ferrous Metals 1.52% Telecom Services 1.44% 1.16% Oil 1.08% Ancillaries 1.07% Industrial Capital Goods 0.99% Minerals/Mining 0.94% Gas 0.84% Media & Entertainment 0.83% Consumer Durables 0.78% Pesticides 0.72% Tele. Equipment & Accessories 0.62% 0.30% Chemicals 0.27% Construction 0.20% 22.85% % of V Maruti Suzuki India Ltd. Tata Motors Ltd. Mahindra & Mahindra Ltd. Hero MotoCorp Ltd. Bajaj Ltd. Eicher Motors Ltd. Ashok Leyland Ltd. Tata Motors Ltd. DVR Shares Ancillaries Motherson Sumi Systems Ltd. Bosch Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. State Bank of India Axis Bank Ltd. IndusInd Bank Ltd. Yes Bank Ltd. Bank of Baroda Punjab National Bank UltraTech Ltd. Ambuja s Ltd. Shree s Ltd. ACC Ltd. Chemicals Pidilite Industries Ltd. Construction DLF Ltd. Larsen & Toubro Ltd. Consumer Durables Titan Ltd. Havells India Ltd. ITC Ltd. Hindustan Unilever Ltd. Asian Paints Ltd. Godrej Consumer Products Ltd. Britannia Industries Ltd. Dabur India Ltd. Marico Ltd. Colgate Palmolive (India) Ltd. United Spirits Ltd. GlaxoSmithKline Consumer Healthcare Ltd. Procter & Gamble Hygiene and Health Care Ltd. Emami Ltd. United Breweries Ltd. Ferrous Metals Tata Steel Ltd. JSW Steel Ltd. Steel Authority of India Ltd. Housing Development Corporation Ltd. Indiabulls Housing Ltd. Bajaj Ltd. Bajaj Finserv Ltd. LIC Housing Ltd. Shriram Transport Ltd. Rural Electrification Corporation Ltd. Corporation Ltd. ICICI Prudential Life Insurance Ltd. 9.09% 2.25% 1.91% 1.47% 1.10% 0.89% 0.86% 0.32% 0.29% 1.07% 0.56% 0.50% 22.85% 7.85% 4.36% 2.73% 2.26% 2.04% 1.75% 1.26% 0.36% 0.24% 2.01% 0.95% 0.42% 0.32% 0.31% 0.27% 0.27% 0.20% 0.20% 3.25% 3.25% 0.78% 0.52% 0.26% 12.53% 6.46% 1.83% 1.18% 0.58% 0.51% 0.39% 0.38% 0.35% 0.29% 0.15% 0.15% 0.13% 0.12% 1.52% 0.87% 0.51% 0.14% 9.79% 6.04% 0.81% 0.68% 0.61% 0.53% 0.34% 0.33% 0.25% 0.21% % of V Gas GAIL (India) Ltd. Petronet LNG Ltd. Industrial Capital Goods Bharat Heavy Electricals Ltd. Siemens Ltd. Bharat Electronics Ltd. ABB India Ltd. Cummins India Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Sun TV Network Ltd. 0.84% 0.54% 0.30% 0.99% 0.29% 0.28% 0.26% 0.15% 0.30% 0.30% 0.83% 0.64% 0.19% 0.94% 0.73% 0.20% 1.86% 1.06% 0.65% 0.15% 1.16% 1.04% 0.11% 0.72% 0.72% 7.68% 5.37% 0.92% 0.79% 0.60% 5.37% 1.43% 0.76% 0.67% 0.60% 0.51% 0.44% 0.32% 0.21% 0.20% 0.13% 0.12% 2.55% 1.10% 0.93% 0.35% 0.18% 10.00% 4.40% 2.93% 1.14% 0.79% 0.56% 0.19% 0.62% 0.62% 1.44% 1.18% 0.26% 1.08% 0.69% 0.26% 0.13% 99.72% 0.28% Minerals/Mining Coal India Ltd. NMDC Ltd. Non Ferrous Metals Vedanta Ltd. Hindalco Industries Ltd. Hindustan Zinc Ltd. Oil Oil & Natural Gas Corporation Ltd. Oil India Ltd. Pesticides UPL Ltd. Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. Sun Pharmaceutical Industries Ltd. Dr. Reddy's Laboratories Ltd. Cipla Ltd. Lupin Ltd. Piramal Enterprises Ltd. Aurobindo Pharma Ltd. Cadila Healthcare Ltd. Glenmark Ltd. Divi's Laboratories Ltd. GlaxoSmithKline Ltd. Torrent Ltd. Grid Corporation of India Ltd. NTPC Ltd. Tata Ltd. NHPC Ltd. Infosys Ltd. Tata Consultancy Services Ltd. HCL Technologies Ltd. Wipro Ltd. Tech Mahindra Ltd. Oracle Financial Services Ltd. Telecom Equipment & Accessories Bharti Infratel Ltd. Telecom Services Bharti Airtel Ltd. Idea Cellular Ltd. Adani Ports and Special Economic Zone Ltd. Container Corporation of India Ltd. InterGlobe Aviation Ltd. Total NIFTY 100* NIFTY 50** NIFTY 100* NIFTY 50** 18.16% 16.86% 11, , , % 22.10% 20.15% 13, , , Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 17th March, 2016 and total no of schemes managed by him is 14. The scheme was launched on 17th Mar'2016, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. 15