NOTICE CUM ADDENDUM NO. 10/2018 CHANGE IN FUNDAMENTAL ATTRIBUTES OF THE VARIOUS SCHEMES OF IDBI MUTUAL FUND

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1 NOTICE is hereby given to investors/ unit holders of following schemes (hereinafter referred to as s ) of IDBI Mutual Fund ('Fund') that Board of Directors of IDBI MF Trustee Company Limited, Trustee to Fund, have approved change in fundamental attribute of s as summarize below and SEBI has also consented to same vide ir letter no. IMD/DF3/OW/P/018/1109/1 dated January 11, 018. The changes will be effective from March 7, 018. IDBI Diversified Equity Fund. IDBI India Top 100 Equity Fund IDBI Midcap Fund IDBI Small Cap Fund 5. IDBI Prudence Fund 6. IDBI Monthly Income Plan 7. IDBI Liquid Fund 8. IDBI Ultra Short Term Fund 9. IDBI Short Term Bond Fund 10. IDBI Corporate Debt Opportunities Fund 1 IDBI Gilt Fund The Existing and proposed changes are as under: - IDBI DIVERSIFIED EQUITY FUND An open-ended growth scheme. Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks. s predominantly in equity & equity related Long term capital appreciation s in a diversified portfolio consisting of equity & equity related across market capitalization ometer ometer Investors understand that ir principal will be at Investors understand that ir principal will be at To provide investors with opportunities for long-term growth in capital through investment in a diversified basket of equity stocks, debt and money market. The equity portfolio will be well diversified and actively managed to realize objective. However, re can be no assurance that investment objective of will be realized. The objective of is to provide investors with opportunities for long-term capital appreciation by investing in a diversified portfolio of Equity and Equity related s across market capitalization. However re can be no assurance that investment objective under will be realized. Equities and equity related 7 Debt and Money market 3 to and CBLO The cumulative gross investment in securities under, which includes Equity, Money market, debt including floating rate debt and gross exposure to derivatives, will not exceed of net assets of. Equity and Equity related across market capitalization Debt and Money market to 1 The gross investment in securities under, which includes Equity and Equity related, Money market and debt, units of mutual fund schemes, units of InvIT and REIT and gross exposure in derivatives will not exceed of net assets of. Equity and equity related s like stock future/options and index futures and options, Equity and equity related s like stock future/options and index futures and options, equity warrants, convertible preference shares etc. as may be permitted by The will invest across large cap, mid cap and small cap stocks. 6. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in level of interest rates, trading volumes, settlement periods and transfer Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or interestrate Credit : In simple terms this risk means that issuer of a debenture/ will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual redemption risk including possible loss of principal etc. will exist. IDBI INDIA TOP 100 EQUITY FUND An open-ended growth scheme. Large Cap Fund - An open-ended equity scheme predominantly investing in large cap stocks. s in equity stocks and equity related of companies s predominantly in large cap equity and equity related that are constituents ometer of Nifty 100 Index ometer Investors understand that ir principal will be at Investors understand that ir principal will be at The of is to provide investors with The objective of is to provide investors with opportunities for long-term growth in capital through active management of a diversified basket of equity stocks, debt and money market. The opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related s of Large Cap companies. However investment universe of will be restricted to equity stocks and re can be no assurance that investment objective under equity related of companies that are constituents of Nifty 50 will be realized. Index and Nifty Next 50 Index comprising a total of 100 stocks. These two indices are collectively referred to as Nifty 100 Index. The equity portfolio will be well-diversified and actively managed to realize objective. Equities and equity related of constituents of Nifty 100 Index Debt and Money market 7 3 to in Derivative will be up to 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in Securitized Debt/ADRs/ GDRs and foreign The may engage in short selling. may participate in securities lending and borrowing. The gross investment in securities under, which includes Equity and equity related, Money market, debt including floating rate debt and gross exposure to derivatives will not exceed of net assets of. to Equities and Equity related 8 of Large Cap Companies Equities and Equity related of or than Large Cap Companies Debt and Money market to 1 to The may engage in short selling. may participate in securities lending and borrowing as specified by SEBI. in Derivative will be up to 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in Securitized Debt/ADRs/GDRs and foreign The cumulative gross investment in securities under, which includes Equity and Equity related, Money Market and Debt, units of mutual fund schemes, units of InvIT and REIT and gross exposure in derivatives will not exceed of net assets of. The definition of large cap will be as per SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/017/114 dated October 06, 017 and SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/017/16 dated December 04, IDBI INDIA TOP 100 EQUITY FUND Equity and equity related s The scheme will invest in stocks and equity related of constituents of Nifty 50 Index and Nifty Next 50 Index comprising a Equity and Equity related s The scheme will invest predominantly in Equity and Equity related of large cap companies. total of 100 stocks. These two indices are collectively referred to as Nifty 100 Index. 6. What are The investment strategy for would be to actively manage a diversified portfolio of stocks from within Nifty 100 universe to generate The investment strategy for would be to actively manage a portfolio, predominantly of large cap stocks to generate opportunities for long opportunities for long-term growth in capital. Within this universe, Fund term capital appreciation. Within universe fund manager will use a Manager will use a combination of top-down and bottom-up approach that combination of top-down and bottom-up approach that will include amongst will include amongst ors metrics, competitive position, earnings growth, ors metrics, competitive position, earnings growth, management quality, management quality, liquidity etc. to identify fundamentally sound companies that have long-term growth potential at reasonable prices while also exploiting short-term trading opportunities that may arise from time to time. The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable liquidity etc. to identify fundamentally sound companies that have long-term growth potential at reasonable prices while also exploiting short-term trading opportunities that may arise from time to time. The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable liquidity by use of cash and cash equivalents. 7. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in scheme may be high in event of immediate redemption requirement. in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or extent of fall or rise in prices is a function of existing coupon, days to maturity and Credit : In simple terms this risk means that issuer of a payment or even in paying back principal amount on maturity. REITs & InvITs are likely to have volatile cash flows as repayment dates would not will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual IDBI MIDCAP FUND An open ended equity scheme. Mid Cap Fund - An open-ended equity scheme predominantly investing in mid cap stocks. predominantly in equity & equity related of Midcap predominantly in equity & equity related of Midcap companies ometer companies ometer Investors understand that ir principal will be at of Midcap Companies Debt and Money Market to Debt and money market may include securitized debt up to 1 of net assets of. The scheme may invest up to 5 of Net s of into equity derivatives. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The will not invest in ADRs/GDRs, foreign The scheme will not invest in Repo in Corporate Debt Securities. The will invest in equity and equity related of those companies that are eir constituent of Nifty Free Float Midcap 100 Index (benchmark) or companies that have a market capitalization between highest and lowest market capitalization of Nifty Free Float Midcap 100 Index (Benchmark). These companies may or may not be a constituent of benchmark Index. Initial Public Offerings of companies, market capitalization of which, on listing, would be estimated to meet above mentioned criteria, will also qualify as midcap companies. This market capitalization range for midcap companies will be determined at end of every calendar quarter and will be applicable for all investments. The portfolio will be reviewed at every calendar quarter end. In event of asset allocation falling outside limits specified in asset allocation table, fund manager will rebalance same within 30 days. The cumulative gross exposure under through Equity, Money market, debt and derivatives positions, will not exceed of net assets of. Investors understand that ir principal will be at of Midcap Companies of or than midcap companies Debt and Money Market to 1 to Debt and money market may include securitized debt up to 1 of net assets of. The scheme may invest up to 5 of Net s of into equity derivatives. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The will not invest in ADRs/GDRs, foreign The scheme will not invest in Repo in Corporate Debt Securities. In event of asset allocation falling outside limits specified in asset allocation table, fund manager will rebalance same within 30 days. The cumulative gross investment in securities under, which includes Equity and equity related, Money market and debt, units of mutual fund schemes, units of InvIT and REIT and gross exposure in derivatives will not exceed of net assets of. The definition of mid cap will be as per SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/017/114 dated October 06, 017 and SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/017/16 dated December 04, 017. Where will Equity and equity related s like stock future/options and index futures and options, Equity and equity related s like stock future/options and index futures and options, equity warrants, convertible preference shares etc as may be permitted by The will invest predominantly in mid cap stocks. The scheme shall invest in REITs / InvITs to extent mentioned in asset be permitted by RBI / SEBI / such or regulatory authority from time to time. 5. strategy The investment strategy of would be geared towards constructing a well-diversified portfolio of companies from midcap universe. Mid Cap Companies, for purpose of this, is defined as companies that are eir constituent of Nifty Free Float Midcap 100 Index (benchmark) or companies that have a market capitalization between highest and lowest market capitalization of Nifty Free Float Midcap 100 Index (Benchmark). These companies may or may not be a constituent of benchmark Index. Initial Public Offerings (IPOs) of companies, market capitalization of which, on listing, would be estimated to meet above mentioned criteria, will also qualify as midcap companies. The investment strategy of would be geared towards constructing a well-diversified portfolio of companies predominantly from midcap universe. Mid Cap Companies, for purpose of this, is defined as 101st to 50th company in terms of full, market capitalization. focus on growth at reasonable prices. Any stock which will eventually form a part of portfolio will be analyzed by in-house equity research team for its investments merits and fundamentals competitive position, earnings This market capitalization range for midcap companies will be determined at corporate governance, sustainable cash flows etc. and will be monitored on end of every calendar quarter and will be applicable for all investments. an on-going basis also. In addition to in-house research, external research The portfolio will be reviewed at every calendar quarter end. In event of asset allocation falling outside limits specified in asset allocation table, fund manager will rebalance same within 30 days. The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable Nifty Free Float Midcap 100 Index intends to capture movement and be a benchmark of midcap segment of market. It captures most liquid securities within midcap segment of market. determinant for inclusion in portfolio). Any stock which will eventually form a part of portfolio will be analyzed by in-house equity research team for its investments merits and fundamentals competitive position, earnings corporate governance, sustainable cash flows etc. and will be monitored on an ongoing basis also. In addition to in-house research, external research The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable

2 IDBI MIDCAP FUND 6. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in scheme may be high in event of immediate redemption requirement. in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or extent of fall or rise in prices is a function of existing coupon, days to maturity and Credit : In simple terms this risk means that issuer of a debenture/ will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual redemption risk including possible loss of principal etc. will exist IDBI SMALL CAP FUND An open ended equity scheme. Small Cap Fund - An open-ended equity scheme predominantly investing in small cap stocks. predominantly in equity & equity related of Small predominantly in equity & equity related of Small Cap companies ometer Cap companies ometer Investors understand that ir principal will be at of Small Cap Companies of Companies or than Small Cap Companies Investors understand that ir principal will be at The objective of is to provide investors with opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related of Small Cap companies. However re can be no assurance that investment objective under will be realized. The objective of is to provide investors with opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related of Small Cap companies. However re can be no assurance that investment objective under will be realized. of Small Cap Companies of Companies or than Small Cap Companies Debt and Money market to Debt and Money market to and CBLO and CBLO Debt and money market may include securitized debt up to 1 of net assets of. 1 to The scheme may invest up to 5 of Net s of into equity derivatives. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to Debt and money market may include securitized debt up to 1 time. of net assets of. The will not invest in ADRs/GDRs, foreign The scheme may invest up to 5 of Net s of into equity The scheme will not invest in Repo in Corporate Debt Securities. derivatives. in derivatives shall be for hedging, Definition of Small Cap companies- Small Cap companies, for purpose portfolio balancing and such or purposes as maybe permitted from time to this, are defined as those companies that are eir constituents of time. Nifty Smallcap 50 Index (Benchmark) or a company, whose market The will not invest in ADRs/GDRs, foreign capitalization at time of investment is lower than or equal to highest The scheme will not invest in Repo in Corporate Debt Securities. market cap stock in Nifty Smallcap 50 Index (Benchmark). The cumulative gross investment in securities under, which The may also invest in Initial Public Offerings (IPOs) of those includes Equity and equity related, Money market and debt companies whose market capitalization on listing, would be estimated to, units of mutual fund schemes, units of InvIT and REIT and gross meet above mentioned criteria and would be in line with above exposure in derivatives will not exceed of net assets of. definition of small-cap companies. The definition of small cap will be as per SEBI circular no. The cumulative gross investment in securities under, which SEBI/HO/IMD/DF3/CIR/P/017/114 dated October 06, 017 and SEBI includes Equity, Money market, debt including circular no. SEBI/HO/IMD/DF3/CIR/P/017/16 dated December 04, 017. floating rate debt and gross exposure to derivatives, will not exceed of net assets of. Equity and equity related s like stock future/options and index futures and options, Equity and equity related s like stock future/options and index futures and options, equity warrants, convertible preference shares etc. as may be permitted by The will invest predominantly in small cap stocks. 6. strategy The scheme seeks to achieve its investment objective by predominantly investing in equity/equity related of small cap companies as well a small portion in equity and equity related of or than small cap companies. The investment strategy of would be geared towards constructing a well-diversified portfolio of companies from small cap universe. Small Cap Companies, for purpose of this, is defined as those The scheme seeks to achieve its investment objective by predominantly investing in equity/equity related of small cap companies as well a small portion in equity and equity related of or than small cap companies. The investment strategy of would be geared towards constructing a well-diversified portfolio of companies from small cap universe. st Small Cap Companies, for purpose of this, is defined as 51 companies that are eir constituents of Nifty Smallcap 50 Index (Benchmark) or a company, whose market capitalization at time of investment is lower than or equal to highest market cap stock in Nifty Smallcap 50 Index. company onwards in term of full market capitalization. The may also invest in Initial Public Offerings (IPOs) of those determinant for inclusion in portfolio). Any stock which will eventually form a companies whose market capitalization on listing, would be estimated to part of portfolio will be analysed by in-house equity research team for meet above mentioned criteria and would be in line with above its investments merits and fundamentals competitive position, earnings definition of small Cap companies. corporate governance, sustainable cash flows etc. and will be monitored on an on-going basis also. In addition to in-house research, external research determinant for inclusion in portfolio). Any stock which will eventually form a part of portfolio will be analysed by in-house equity research team for The returns would be commensurate with levels of risk taken in its investments merits and fundamentals competitive position, earnings portfolio and portfolio would be structured to incorporate reasonable corporate governance, sustainable cash flows etc. and will be monitored on an ongoing basis also. In addition to inhouse research, external research The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable 7. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in in such securities may lead to increase in portfolio risk. IDBI SMALL CAP FUND 7. Refer existing disclosures in SID under Section IA titled as. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or interestrate Credit : In simple terms this risk means that issuer of a debenture/ will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual 5. IDBI PRUDENCE FUND Name of IDBI Prudence Fund IDBI Hybrid Equity Fund. An open-ended balanced scheme. An open-ended hybrid scheme investing predominantly in equity and equity related. Long term capital appreciation with income s in equity & equity related as well as debt and Long term capital appreciation with income s in equity & equity related as well as debt and money market ometer money market ometer Investors understand that ir principal will be at Equity and Equity Related s Equity Arbitrage Exposure 5% 6 1 to Debt (including fixed / 3 6 to floating rate debt and securitized debt) and Money Market Arbitrage will have fully set-off position with Zero Net Market Exposure. To extent of arbitrage allocations, would hold spot market positions only for purpose of arbitrage opportunities and not to benefit from any upside potential that stocks may provide in present or in future. If suitable arbitrage opportunities are not available in opinion of Fund Manager, may invest arbitrage allocation (5%-1) in debt and money market. This is subject to 30 days rebalancing period provision mentioned. Equity investments will be limited to companies that will be constituents of S&P BSE 500 Index universe and with total market capitalization of at least Rs.,500 crores at time of investment. s in debt will be limited to with rating of A1+/AA+ and above while investing. Due to on-going addition/deletion to index constituents by Index provider, if a company ceases to be a part of S&P BSE 500 Index post investment, fund manager may continue to retain company in Portfolio if fundamental outlook of company merits continuation of stock in. However, no incremental purchases will be permitted in se companies after exclusion from index. in Derivative will not exceed 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in ADRs/GDRs and foreign in Securitized Debt not to exceed 1 of net assets of. may enter into repos/reverse repos, including repo in corporate debt securities, as may be permitted by RBI. The may engage in short selling of securities/securities lending. The cumulative gross investment in securities under, which includes Equity, Money market, debt including floating rate debt and derivative positions, will not exceed of net assets of. Investors understand that ir principal will be at Equity and Equity Related s Debt and Money Market 8 to The scheme shall invest in Equity and equity related across market caps without any sector bias. The retains flexibility to invest across all securities in debt and money markets as permitted by in Derivative will not exceed 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in ADRs/GDRs and foreign in Securitized Debt not to exceed 1 of net assets of. may enter into repos/reverse repos, including repo in corporate debt securities, as may be permitted by RBI. The may engage in short selling of securities/securities lending The cumulative gross investment in securities under, which includes Equity and Equity related, Money market and debt, units of mutual fund schemes, units of InvIT and REIT, securitized debt and gross exposure in derivatives will not exceed of net assets of. 1 to 5. What are To achieve investment objective, will actively manage both equity and debt components. Debt exposure would be actively managed from both credit and interest rate risk perspectives with focus on accruals To achieve investment objective, will actively manage both equity and debt components. Debt exposure would be actively managed from both credit and interest rate risk perspectives with focus on accruals and and liquidity of investments. liquidity of investments. The retains flexibility to invest across all in debt and money market shall be limited to securities in debt and money markets as permitted by SEBI/RBI from with rating of A1+/AA+ and above while investing. time to time. The will invest in equity without any sector/ style bias The will invest in equity across market capitalization with due consideration given to liquidity of investments. Equity investments without any sector/style bias with due consideration given to liquidity of will be limited to companies that are constituents of S&P BSE 500 Index investments. universe with total market capitalization of at least Rs.500 crores while investing. These limits will apply at time of investment. The scheme may retain securities in portfolio even if y are excluded from S&P BSE 500 Index subsequently, if fundamental outlook of company merits continuation of security in. However, no additional purchases in security will be permitted in. These companies will be shortlisted on basis of ir superior growth potential and likelihood to be long-term wealth creators.the will adopt bottom-up stock picking approach to identify companies based on various drivers including earnings growth and quality, competitive advantage, pricing power, robust business model, liquidity, established or emergent leadership position, management quality current valuation and These companies will be shortlisted on basis of ir superior growth long term growth potential. This will help to identify fundamentally sound potential and likelihood to be long-term wealth creators. The will companies that have long-term growth potential at reasonable prices while adopt bottom-up stock picking approach to identify companies based on also exploiting short-term trading opportunities that may arise from time to various drivers including earnings growth and quality, competitive time. advantage, pricing power, robust business model, liquidity, established or emergent leadership position, management quality current valuation and long term growth potential. This will help to identify fundamentally sound companies that have long-term growth potential at reasonable prices while The scheme portfolio will be monitored on an on-going basis and returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable liquidity by use of cash and cash equivalents. also exploiting short-term trading opportunities that may arise from time to time. The will also invest in profitable arbitrage opportunities that may potentially exist between cash and derivative segments of equity market, or arbitrage strategies permissible under regulations. The arbitrage exposure will be 5%-1 of net assets. To extent of arbitrage allocations, would hold spot market positions only for purpose of arbitrage opportunities and not to benefit from any upside potential that stocks may provide in present or in future. If suitable arbitrage opportunities are not available in opinion of Fund Manager, may invest arbitrage allocation (5%-1) in debt and money market. This is subject to 30 days rebalancing period. The scheme portfolio will be monitored on an on-going basis and returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable liquidity by use of cash and cash equivalents. The following will be added in existing disclosure in SID under Section IID: allocation and in line with, SEBI (Mutual ) (Amendment) Regulations, Benchmark 5 S&P BSE 500 Index + 5 CRISIL Composite Bond Fund Index CRISIL Balanced Fund - Aggressive Index CRISIL Balanced Fund - Aggressive Index seeks to track performance of an equity-oriented hybrid portfolio having a blend of Nifty 50 Index () and CRISIL Composite Bond Fund Index (). As is hybrid scheme investing predominantly in equity and equity related, this is best suited index to track performance of. Trustees reserve right to change benchmark for evaluation of performance of from time to time, keeping in mind investment objective of and appropriateness of benchmarks, subject to Regulations and or prevalent guidelines. 8. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by scheme, due to various market related factors like changes in general market conditions, factors and forces affecting capital market, level of interest rates, trading volumes, settlement periods and transfer

3 5. IDBI PRUDENCE FUND 8. Refer existing disclosures in SID under Section IA titled as. Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or interestrate Credit : In simple terms this risk means that issuer of a payment or even in paying back principal amount on maturity. REITs & InvITs are likely to have volatile cash flows as repayment dates would not will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual 6. IDBI MONTHLY INCOME PLAN Name of IDBI Monthly Income Plan IDBI Equity Savings Fund. An open-ended Income. Monthly Income is not assured and is An open-ended equity scheme investing in equity, arbitrage and debt. subject to availability of distributable surplus. term regular income and capital appreciation s in fixed income securities (debt and money market) as well as equity and equity related Regular income & Capital appreciation over to Long term in equity and equity related s including equity derivatives, arbitrage and debt and money market 5. ometer Investors understand that ir principal will be at Debt (including floating rate debt and securitized 8 to debt*) and money market Equity and equity related ^ to * in Securitized Debt will be only in investment grade rated papers and will not to exceed 5% of net assets of. ^ The will invest in equity and equity related of only such companies which are constituents of eir Nifty 50 Index (Nifty 50) or Nifty Next 50 Index(Nifty Next 50) comprising a combined universe of 100 stocks. These two indices are collectively referred to as Nifty 100 Index. The equity portfolio will be welldiversified and actively managed to ensure s investment objectives are realized. in Derivatives will be up to 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling/securities lending. The gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. ometer Investors understand that ir principal will be at The investment objective of would be to provide regular income along with opportunities for capital appreciation through investments in a diversified basket of debt, equity and money market. The investment objective of is to generate regular income by investing in Debt and money market and using arbitrage and or derivative strategies. The also intends to generate long capital appreciation through unhedged exposure to equity and equity related. However, re can be no assurance or guarantee that investment objective of will be achieved. Equity and equity related including derivatives out of which 9 to Cash future arbitrage 7 to opportunities*$ Net Long Equity exposure** 45% Debt & Money market s 1 (including margin for derivatives)@^ 1 Trusts (REITs) and & to Infrastructure The can take exposure to a stock for eir or both arbitrage as well as unhedged exposure. Note- * This denotes equity exposure completely hedged with corresponding equity derivatives. **Net long Equity means exposure to equity shares alone without a corresponding equity derivative exposure. It aims to gain from potential capital appreciation and thus is a directional equity exposure which will not be hedged. $ The exposure to derivative shown in above asset allocation table would normally be exposure taken against underlying equity investments and in such case, exposure to derivative will not be considered for calculating gross exposure. If suitable arbitrage opportunities are not available in opinion of Fund Manager, may invest arbitrage allocation in debt and money market. in derivatives will not exceed 5 of Net s. Debt & MMI allocation will include in Securitized Debt which will not exceed 5 of Debt Net s of. The will not invest in ADR/GDR/Foreign The may also participate in repo of money market and corporate debt The shall engage in Securities lending. The shall engage in short selling. The cumulative gross exposure through Equity and Equity related s including derivatives Position, Debt, Money Market s will not exceed of net assets of. In case if asset allocation falling outside limits specified in asset allocation table, fund manager will rebalance same within 30 days from date of deviation. 6. What are The Fund shall be managed in line with to provide To achieve investment objective, net assets of are regular income along with opportunities for capital appreciation through invested primarily into equity and equity related including equity investments in a diversified basket of debt, equity and money derivatives. The invests rest of assets into debt and money market. Both debt and equity portions of portfolio will be market for liquidity and regular income. The expected returns actively managed and well diversified. The credit exposure in will from this can be attributed to following return drivers: lean towards high rated investment grade The Fund Manager will Strategy for Equity and Equity related s take active calls on interest rate movements, will not be constrained by any The may invest a small portion of its net assets in equity and equity duration limits and will position portfolio accordingly to maximize returns related with an aim to generate long-term capital appreciation. from investments. The equity investment universe will be restricted only to The shall invest into a well-diversified portfolio of equity and equity such stocks that are constituents of Nifty 50 Index and Nifty Next 50 related securities across market capitalization and sectors with due Index (collectively referred to as Nifty 100 Index). Within this universe, consideration given to liquidity of investments. These companies will be Fund Manager will use a combination of top-down and bottom-up approach shortlisted on basis of ir superior growth potential and likelihood to be that will include amongst ors fundamental metrics, competitive position, long-term wealth creators. The will adopt bottom-up stock picking earnings growth, management quality, liquidity etc to identify stocks that approach to identify companies based on various drivers including earnings have long-term growth potential while also exploiting short-term trading growth and quality, competitive advantage, pricing power, robust business opportunities that may arise from time to time. This scheme is positioned to model, liquidity, established or emergent leadership position, management meet needs of those investors who want to invest ir funds for an quality current valuation and long term growth potential etc. investment horizon of at least 1 months. The returns would be Strategy for Debt and Money Market s commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate reasonable liquidity by use of cash and The may invest up to of net assets of into debt cash equivalents. and money market to provide liquidity into, management of derivative margins and accrual of regular income. may invest across all securities in debt and money market as permitted by Strategy for Arbitrage The will also invest in profitable arbitrage opportunities that may potentially exist between cash and derivative segments of equity market, or arbitrage strategies permissible under regulations. In case of arbitrage, exposure to equities shall be offset by simultaneously taking equivalent exposure in derivatives. The scheme may invest into equity stocks in cash market and take short position in futures market equivalent to extent of equity assets that covers exposure and only avail arbitrage between spot & futures market. Thus, entire position may be used to lock risk free returns. To extent of arbitrage allocations, would hold spot market positions only for purpose of arbitrage opportunities and not to benefit from any upside potential that stocks may provide in present or in future. If suitable arbitrage opportunities are not available in opinion of Fund Manager, may invest arbitrage allocation in debt and money market. 7. Where will The following will be added in existing disclosure in SID under Section IID: allocation and in line with, SEBI (Mutual ) (Amendment) Regulations, IDBI MONTHLY INCOME PLAN 8. Benchmark CRISIL MIP Blended Index 4 of CRISIL Liquid Fund Index + 3 CRISIL Short term Bond Fund Index + 3 of Nifty 50 Index. The scheme intends to invest in a mix of equity and related using a blend of arbitrage opportunities along with unhedged equity investments with a marginal exposure to debt and money market. CRISIL Liquid Fund Index seems to be appropriate for benchmarking income generated by equity arbitrage opportunities which constitutes significant part of portfolio. CRISIL Short Term Bond Fund Index seems to be appropriate for benchmarking income generated by debt & money market in portfolio. NIFTY 50 seems to be appropriate for benchmarking un-hedged equity portion of portfolio of. Hence we propose a syntic index comprising 4 in CRISIL Liquid Fund Index to reflect arbitrage exposure, 3 in CRISIL Short Term Bond Fund Index for debt/money market exposure and 3 in Nifty 50 Index to reflect unhedged equity exposure. The Trustee reserves right to change benchmark for evaluation of performance of from time to time in conformity with investment objectives and appropriateness of benchmark subject to SEBI (Mutual ) Regulation, 1996 and or prevailing guidelines, if any IDBI LIQUID FUND Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in level of interest rates, trading volumes, settlement periods and transfer Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry reinvestment risk as re could be repatriation of funds by Trusts in form of buyback of units or dividend pay-outs, etc. Consequently, proceeds may get invested in assets providing lower returns. Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or interestrate Credit : In simple terms this risk means that issuer of a debenture/ will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual Product level of liquidity along with regular income for short term s in Debt/Money Market s with maturity/ residual maturity up to 91 days level of liquidity along with regular income for short term s in Debt/Money market with maturity / residual maturity up to 91 days ometer Investors understand that ir principal will be at Money market with maturity/residual maturity up to 91 days Debt (including floating 5 5 to rate debt and securitized debt)* with maturity/residual maturity/interest rate resets up to 91 days * in Securitized Debt not to exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling/securities lending. may also invest in repo transactions (including reverse repo) in corporate debt Pursuant to SEBI circular No SEBI/IMD/CIR No. 13/150975/09 dated January 19, 009, shall make investments only in debt and money market with maturity of up to 91 days. Short-term fixed deposits shall be held in name of and duration of such fixed deposit shall not exceed 91 days from date of deposit. It is intent of to maintain average maturity of portfolio within a range of 30 days to 91 days depending on fund manager s assessment of various parameters including interest rate environment, liquidity and macro-economic factors. However, maturity profile of scheme can undergo a change in case market conditions warrant and at discretion of fund manager. The cumulative gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. Investors understand that ir principal will be at. The investment objective of will be to provide investors with high level of liquidity along with regular income for ir investment. The will endeavour to achieve this objective through an allocation of investment corpus in a low risk portfolio of money market and debt. The investment objective of will be to provide investors with high level of liquidity along with regular income for ir investment. The will endeavour to achieve this objective through an allocation of investment corpus in a low risk portfolio of money market and debt with maturity of up to 91 days. However, re can be no assurance that investment objective of will be realized. * in Securitized Debt not to exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling/securities lending. may also invest in repo transactions (including reverse repo) in corporate debt Pursuant to SEBI circular No. SEBI/IMD/CIR No.13/150975/09 dated January 19, 009, shall make investments only in debt and money market with maturity of up to 91 days. Short-term fixed deposits shall be held in name of and duration of such fixed deposit shall not exceed 91 days from date of deposit. It is intent of to maintain average maturity of portfolio within a range of 30 days to 91 days depending on fund manager s assessment of various parameters including interest rate environment, liquidity and macro-economic factors. However, maturity profile of scheme can undergo a change in case market conditions warrant and at discretion of fund manager. The cumulative gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. What are The Fund shall be managed according to - provide The Fund shall be managed according to - provide investors with high level of liquidity along with regular income for ir investors with high level of liquidity along with regular income for ir investment. The will invest only in money market & debt investment. The will invest only in money market & debt with maturity/residual maturity/ interest rate reset not greater with maturity /residual maturity of up to 91 days. than 91 days. This scheme is positioned to meet needs of those investors who want to It is intent of to maintain average maturity of portfolio deploy ir funds for a short period of time with least amount of risk within a range of 30 days to 91 days under normal conditions. (investment horizon up to 30 days). The returns would match levels of risk This scheme is positioned to meet needs of those investors who want to taken in portfolio and portfolio would be structured to incorporate high deploy ir funds for a short period of time with least amount of risk (investment horizon up to 30 days). The returns would match levels of risk taken in portfolio and portfolio would be structured to incorporate high Debt and Money market securities with maturity/residual maturity of up to 91 days ometer Up to 5. Expense Ratio The AMC has estimated that annual recurring expenses of up to 0.6 p.a. The AMC has estimated that annual recurring expenses of up to.45% p.a. of daily net assets may be charged to (under each Plan) of daily net assets may be charged to (under each Plan) without including additional expense incurred towards distribution of without including additional expense incurred towards distribution of assets to cities beyond Top 15 cities. The maximum expense including assets to cities beyond Top 15 cities. The maximum expense including additional expense towards distribution of assets to cities beyond Top 15 additional expense towards distribution of assets to cities beyond Top 15 cities, if any, will not exceed 0.9 p.a of daily net assets may be charged cities, if any, will not exceed.75% p.a of daily net assets may be charged to. to. 8. IDBI ULTRA SHORT TERM FUND An open-ended debt scheme. An open ended ultra short term debt scheme investing in such that Macaulay duration of portfolio is between 3 months to 6 months. please refer to Information Document (SID) on which concept of Macaulay s duration has been explained.

4 8. IDBI ULTRA SHORT TERM FUND s in Debt/Money Market s with maturity s in Debt/Money market with relatively lower predominantly between a liquid fund and short term fund while maintaining portfolio risk profile similar to liquid fund interest rate risk, such that Macaulay duration of portfolio is maintained between 3 months to 6 months ometer Investors understand that ir principal will be at Money market / debt (including floating rate 8 to debt and securitized debt*) with maturity/residual maturity up to 1 year (or 365 days) Debt (including floating rate debt and securitized debt*) with duration/maturity/residual maturity above 1 year It is intent of to maintain average maturity of portfolio within a range of 30 days to 10 days under normal market conditions depending on fund manager s assessment of various parameters including interest rate environment, liquidity and macroeconomic factors. However, maturity profile of can undergo a change in case market conditions warrant and at discretion of Fund Manager. in Securitized Debt not to exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in ADRs/ GDRs and foreign The may engage in short selling of securities/securities lending. The cumulative gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. Investors understand that ir principal will be at The objective of will be to provide investors with regular income The objective of will be to provide investors with regular income for ir investment. The will endeavour to achieve this objective for ir investment by investing in debt and money market with through an allocation of investment corpus in a diversified portfolio of relatively lower interest rate risk, such that Macaulay duration of money market and debt with maturity predominantly between a portfolio is maintained between 3 months to 6 months. However, re can liquid fund and a short term fund while maintaining a portfolio risk profile be no assurance that investment objective of will be similar to a liquid fund. realized. Debt and Money Market Up to to s* Up to 1 Trusts (REITs) & & Infrastructure *under normal circumstances, Macaulay duration of portfolio will be maintained between 3 months to 6 months. in Securitized Debt not to exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. in derivatives shall be for hedging, portfolio balancing and such or purposes as maybe permitted from time to time. The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling of securities/securities lending. The gross investment in securities under, which includes Money market and debt including securitized debt, units of mutual fund schemes, units of InvIT and REIT and gross exposure in derivatives will not exceed of net assets of. 5. What are The Fund shall be managed according to - provide The Fund shall be managed according to - provide investors with regular income for ir investment. The will invest investors with regular income for ir investment. The will invest only in money market & debt with portfolio maturity only in money market & debt with portfolio maturity under normal market conditions maintained between a liquid fund and a short under normal market conditions maintained between a liquid fund and a short term fund while maintaining a portfolio risk profile similar to a liquid fund. It is duration fund while maintaining a portfolio risk profile similar to a liquid fund. intent of to maintain average maturity of portfolio As is likely to have higher maturity than a liquid fund, within a range of 30 days to 10 days under normal conditions. This scheme would predominantly invest in money market and debt such that is positioned to meet needs of those investors who want to deploy ir Macaulay duration of portfolio will be maintained between 3 months to funds for an investment horizon between 30 days up to 90 days with low risk. 6 months. The returns would be commensurate with levels of risk taken in The portfolio strategy seeks to increase yield by having a marginally higher portfolio and portfolio would be structured to incorporate liquidity by maturity and moderately higher credit risk as compared to a liquid fund while use of cash and cash equivalents. maintaining a balance between safety and liquidity. The returns would be commensurate with levels of risk taken in portfolio and portfolio would be structured to incorporate liquidity by use of cash and cash equivalents. The investment team of AMC will carry out rigorous in depth credit evaluation of money market and debt proposed to be invested in. ometer 7. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in level of interest rates, trading volumes, settlement periods and transfer Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or interestrate Credit : In simple terms this risk means that issuer of a payment or even in paying back principal amount on maturity. REITs & InvITs are likely to have volatile cash flows as repayment dates would not will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual 9. IDBI SHORT TERM BOND FUND An open-ended debt scheme. to An open-ended short term debt scheme investing in such that Macaulay duration of portfolio is between 1 year to 3 years. please refer to Information Document (SID) on which concept of Macaulay s duration has been explained. s in Debt/Money Market s with duration/maturity/ residual maturity not exceeding 3 years s in Debt/Money market such that Macaulay duration of portfolio is maintained between 1 year to 3 years ometer ometer Investors understand that ir principal will be at The objective of will be to provide investors with regular income for ir investment. The will endeavour to achieve this objective through an allocation of investment corpus in a diversified portfolio of debt and money market. Money market /debt (including floating rate debt and securitized debt) with maturity/residual maturity up to and including years Debt (including floating rate debt and securitized debt) with duration/ to maturity/residual maturity above years and not exceeding 3 years Investors understand that ir principal will be at The investment objective of is to provide investors with regular income by investing in debt and money market, such that Macaulay duration of portfolio is maintained between 1 year to 3 years. However, re can be no assurance that investment objective of will be realized. Debt and Money Market s* Up to to Units issued by Real Estate Trusts (REITs) & Up to 1 to & Infrastructure 4 9. IDBI SHORT TERM BOND FUND It is intent of to maintain duration of portfolio below *under normal circumstances, Macaulay duration of portfolio will be years under normal market conditions depending on Fund Manager s maintained between 1 year to 3 years. assessment of various parameters including interest rate environment, in Securitized Debt not to exceed 5% of net assets of liquidity and macro-economic factors. However, maturity profile of. in Derivatives will be up to 5 of net assets of can undergo a change in case market conditions warrant and at. in derivatives shall be for hedging, portfolio balancing discretion of Fund Manager. Under no circumstances average and such or purposes as maybe permitted from time to time. The maturity/duration of portfolio will exceed 3 years. does not propose to invest in ADRs/GDRs and foreign The in Securitized Debt not to exceed 5% of net assets of may engage in short selling/securities lending.. in Derivatives will be up to 5 of net assets of The gross investment in securities under, which includes Money. in derivatives shall be for hedging, portfolio balancing market and debt including securitized debt, units of mutual fund and such or purposes as maybe permitted from time to time. The schemes, units of InvIT and REIT and gross exposure in derivatives will not does not propose to invest in ADRs/GDRs and foreign The exceed of net assets of. may engage in short selling/securities lending. The cumulative gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. 5. What are The Fund shall be managed according to - provide The Fund shall be managed according to - provide investors with regular income for ir investment. The will under investors with regular income for ir investment. The will under normal circumstances invest in money market & debt normal circumstances invest in money market & debt with maturity/duration and portfolio risk profile higher than Ultra with maturity/duration and portfolio risk profile higher than Ultra Short Term Fund. The will also have a mix of credit with Short Term Fund. The will also have a mix of credit with a moderately higher credit risk as compared to a Liquid Fund. It is intent a moderately higher credit risk as compared to a Liquid Fund. It is intent of of to maintain duration of portfolio less than years to maintain Macaulay duration of portfolio between under normal conditions. This scheme is positioned to meet needs of 1 year to 3 years under normal conditions. The returns would be those investors who want to deploy ir funds for an investment horizon commensurate with levels of risk taken in portfolio and portfolio usually between 90 days up to 365 days. The returns would be would be structured to incorporate liquidity by use of cash and cash commensurate with levels of risk taken in portfolio and portfolio equivalents. would be structured to incorporate liquidity by use of cash and cash equivalents. 7. Refer existing disclosures in SID under Section IA titled as. The following shall be added under Section IA titled as :- s associated with investments in REITs & InvITs: Market : REITs and InvITs are volatile and prone to price fluctuations is vulnerable to movements in prices of securities invested by, due to various market related factors like changes in Liquidity : As liquidity of investments made by time taken by Mutual Fund for liquidating investments in scheme may be high in event of immediate redemption requirement. in such securities may lead to increase in portfolio risk. Reinvestment : s in REITs & InvITs may carry Regulatory/Legal : REITs and InvITs being new asset classes, rights Price- or Interest-Rate : REITs & InvITs run price-risk or extent of fall or rise in prices is a function of existing coupon, days to maturity and Credit : In simple terms this risk means that issuer of a debenture/ will invest in REITS/InvITs, where adequate due diligence and s associated with investing in Liquid offered by Mutual 10. IDBI CORPORATE DEBT OPPORTUNITIES FUND S.No. Particulars. Name of The Existing IDBI Corporate Debt Opportunities Fund. IDBI Credit Fund. Regular income & capital appreciation through active management for at least medium term horizon s in Debt/Money Market s across investment grade credit rating and maturity spectrum Regular income & capital appreciation through active management for at least medium term horizon s predominantly in AA and below rated corporate bonds across maturity spectrum 5. An open-ended income scheme. ometer Investors understand that ir principal will be at The objective of is to generate regular income and opportunities for capital appreciation while maintaining liquidity through active management of a diversified portfolio comprising of debt and money market across investment grade credit rating and maturity spectrum. However, re can be no assurance that investment objective of will be realized/achieved. Debt including securitized debt and including debt securities issued by 8 to companies, banks, PSUs, Municipal Corporations, bodies corporate created under separate Act Money Market including but not limited to CDs, CPs, T-Bills, CBLO, Repo (including Repo in corporate bonds), Liquid s The will take exposure to debt across investment grade rating spectrum. The will not invest in Government Securities and State Development Loans. The will enter into repo transactions (including Repo in corporate bonds). in Securitized Debt will not exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling of securities The may also participate in securities lending. The gross investment in securities under, which includes Money market, debt including floating rate debt and securitized debt, and gross exposure to derivatives will not exceed of net assets of. An open-ended debt scheme predominantly investing in AA and below rated corporate bonds. Investors understand that ir principal will be at The investment objective of is to generate regular income and opportunities for capital appreciation by investing predominantly in AA and below rated corporate bonds across maturity spectrum. However, re is no guarantee or assurance that investment objective of will be achieved. Revised ometer AA and below rated Corporate to Bonds *$ AA+ and above rated Corporate Bonds Money Market s** 1 to Trusts (REITs) & & Infrastructure $ excludes AA+ rated corporate bonds * Corporate Bonds means bonds which are issued by entities or than Central or State Government. ** Money market s including but not limited to CDs, CPs, T-Bills, CBLO, Repo/Reverse Repo (including repo in corporate bonds), Liquid schemes etc. The will not invest in Government Securities and State Development Loans. The will enter into repo/reverse repo transactions (including Repo in corporate bonds). The does not propose to invest in ADRs/GDRs and foreign The may engage in short selling of securities The may also participate in securities lending. in Securitized Debt will not exceed 5 of net assets of. in Derivatives will be up to 5 of net assets of. The gross investment in securities under, which includes Debt and Money market, securitized debt, units of mutual fund schemes, units of InvIT and REIT and gross exposure to derivatives, will not exceed of net assets of. 6. What are The investment strategy of as derived from underlying asset To achieve investment objective, will predominantly invest in allocation pattern would be to take active calls on credit and interest rates AA and below rated corporate bonds. The balance is also invested in AA+ and calibrate portfolio in line with Fund Manager s overall and above rated corporate bonds and money market. The assessment of macroeconomic and interest rate environment. The would seek to identify and invest in quality credits that offer an would seek to identify and invest in quality credits that offer an attractive risk-return reward relative to sovereign with attractive risk-return reward relative to sovereign with objective to generate accrual income or in yield pickups which offer a better objective to generate accrual income or in yield pickups which offer a better spread for similar credits. The portfolio s overall duration will be actively spread for similar credits. Potential capital appreciation opportunities arising monitored depending on interest rate environment. The Fund Manager out of mispricing of yields relative to fundamentals, potential credit upsides will adopt a long duration strategy in falling interest rate scenario and shift (both short term and long term ratings), sector rotations etc will be explored. towards low duration strategy as interest rates bottom out/trend upwards. The portfolio s overall duration will be actively monitored depending on The Fund Manager will structure portfolio looking into need to provide interest rate environment. The Fund Manager will adopt a long duration liquidity to meet redemptions as and when y arise. strategy in falling interest rate scenario and shift towards low duration strategy as interest rates bottom out/trend upwards. The Fund Manager will structure portfolio looking into need to provide liquidity to meet redemptions as and when y arise. 7. Where will