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

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

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

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

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

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

7 MARKET OUTLOOK Equity market The Indian equity markets ended higher in the month of January 2018, as both Sensex and Nifty were up by 5.6% and 4.7% respectively. The BSE Midcap underperformed the Sensex with a performance of -2.6% as well as the BSE200 underperformed with a return of +2.9%. In terms of sectors; Banking, Capital Goods and IT were the major outperformers whilst Auto, Consumer Durable, FMCG, Healthcare, Metals, Oil & Gas, Power and Realty were the major underperformers. FIIs were net buyers in January, with net inflows to the tune of ~USD 2.16 bn. Net equity investments in January 2018 by domestic MFs in the market were ~USD 1.16 bn. Index Name Nifty 50 Index S&P BSE Sensex S&P BSE MID CAP S&P BSE SMALL CAP S&P BSE 200 S&P BSE AUTO S&P BSE Bankex S&P BSE Consumer Durable S&P BSE Capital Good S&P BSE FMCG S&P BSE Health Care S&P BSE IT S&P BSE METAL S&P BSE Oil & Gas S&P BSE Power Index S&P BSE Realty As on Return in % 31-Jan Dec Jan-17 1 Month Union Budget The FY2019 union budget tries to balance the government s medium-term objectives of economic growth and fiscal consolidation despite certain short-term macroeconomic challenges. In the difficult balancing act, the government did well to give the necessary boost to social sectors like housing & healthcare. The roadmap for slow and steady fiscal consolidation has been retained while reiterating firm commitment to continued investments in priority infrastructure, health, education and rural economy. The budget math looks credible with the government targeting to increase spending by ~10%; the assumptions on tax collection are realistic with widening tax base and better tax compliance. Growth Index of Industrial Production (IIP) index recorded a sharper than expected 8.4% YoY growth in November 17 from 2% in October 17 led by the manufacturing sector. Inflation India s Wholesale Price Index (WPI) softened to 3.6% YoY in December 17 compared to 3.9% in November 17. CPI inflation accelerated to 5.2% YoY in December from 4.9% in November, led by adverse base effect and pickup in core inflation. Food inflation hardened to 5% YoY compared to 4.4% YoY in November. Recapitalization of Public Sector Banks The Government of India released details about the recapitalization process for the Public Sector banks. The key observations in this regard are the following 1) the Government has front-ended the capital infusion with ~INR 881bn to be infused into identified Public Sector banks in the form of recapitalization bonds; 2) a significant portion of the capital infusion is to provide regulatory capital and is earmarked for capital deficient banks; 3) capital infusion comes with riders as banks are required to undertake several operational reforms such as higher financial inclusion, stringent pre- and post-sanction discipline, focus on small and micro enterprises, etc. Other macro developments Trade deficit in December widened to US$14.9bn, up from US$13.8bn in November 17. Non-oil & non-gold trade deficit also was at US$8bn in Dec 17. During April-December FY18, non-oil & non-gold trade deficit widened to US$75bn vs. US$54bn in April - December FY 17. Exports grew by 12.4% yoy in December 17 to US$27bn following a 30.5% jump in November 17. Imports grew by 21.1% to US$41.9bn in December'17 against 19.6% increase in November 17. Market Outlook Equity markets gained in the month of January driven by better than expected earnings growth in the ongoing results season, positive outlook on global growth and strong FII flows. The budget is pro rural growth, well intended (not populist), though the success of the budget depends on higher GST revenue collection and benign oil prices. The budgetary allocation for roads, railways and aviation sector has seen significant increases which will support investments in infrastructure. The government announced the revamped National Health Protection Scheme under which poorest 100 million families would be eligible for a health insurance of 0.5 million per family. Further Long Term Capital Gains and dividend tax on equity oriented fund makes both, Life and General insurance sector relatively attractive. Government support for Make in India, focus on housing, health, irrigation, power for all, rural roads and improving farmers income is likely to support overall economic growth. Though headline fiscal deficit is higher but government has targeted reduced net market borrowing which may be potentially positive for interest rates in the medium term. Going forward it is expected that consumption would remain one of the key growth drivers. Urban consumption has been strong so far, driven by lower food inflation and interest rates. Rural consumption (driven by increasing food prices and revival in sectors such as construction) is also expected to see a gradual uptick, resulting in a broad based consumption growth. Investment activity linked to government expenditure has already seen an uptick in the last couple of years and is expected to continue. In roads for example, new ordering as well as execution has shown strong growth for a couple of years now. Similarly, railways have also seen an improvement in capex spends. Risk of significant FII outflows on account of a major global risk off event remains a concern. However, it is important to note that India is much better placed and thus resilient in such an event given its stable macro-economic parameters. In terms of our portfolio positioning, we continue to remain overweight on direct and indirect beneficiaries of government push on sectors like roads, railways and housing. We continue to remain overweight on private sector banks on account of their ability to gain market share and maintain relatively higher growth rates. We are also diversifying exposure to consumption plays across multiple themes. Strong macro position, reforms and long-term structural drivers like demographic advantage, low household debt, limited penetration across different consumer categories, increased potential for financial savings and urbanization makes India a compelling equity story from medium to long term perspective. We believe investors would be well advised to invest with medium to long term perspective and systematically increase exposure to Indian equity markets. Disclaimer The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice. Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Mutual Fund. This note has been prepared using information believed to be accurate at the time of its use. 7

8 MARKET OUTLOOK Debt market 31-Jan Dec-17 Change (bps) 10 Year Benchmark Yield (s.a) 10 Year AAA (PSU) (ann) AAA (PSU) (ann) 3 Month T Bill 3 Month CD 12 Month CD 10 Year AAA Spread AAA Spread 7.43% (new) 7.96% 7.74% 6.40% 7.20% 7.46% 0.39% 0.17% 7.33% 7.84% 7.66% 6.20% 6.38% 6.75% 0.38% 0.20% Sovereign bond market yields hardened due to rising crude oil prices, rising US treasury yields, concerns about excess borrowing through G-Sec and increasing expectations of rate hike going forward as CPI inflation hits 16 month high. Globally bond yields also hardened with US 10-year note hitting a high of 2.72 and closing the period at 2.70 versus 2.40 at the beginning of the period. For the period under review India 10-year G-Sec yields hardened by 10 bps and closed at 7.43, with the old 10-year trading at 7.58 % levels, an increase of 25 basis points. Corporate bonds also followed suite with 10-year and 5-year corporate bond yields up by 12 bps and 8 bps respectively. Money market instruments at the shorter end hardened because of financial year end crossing premium with 3-month treasury bill up by 20 bps and 3-month and 12-month CD yields up by 82 bps and 71 bps respectively. Net FPI inflows in Indian debt market stood at 8,522 crores for the month of January. Crude oil prices rose during the month on the back of reducing inventory surplus because of refinery maintenance and increasing demand of distillate because of cold weather and production cuts deal being extended till end of 2018 by OPEC and non-opec countries. Brent Spot closed the period under review at USD after hitting a high of USD versus USD per barrel at the beginning of the period. On the macroeconomic data released during the period, December CPI inflation rose to a 16-month high of 5.21% from 4.88% in November and above market consensus of 5.10%. Rise in inflation was mainly due to higher food and fuel prices. Core CPI inflation also accelerated further for the fourth consecutive month to 5.2% from 4.9% in November. IIP rebounded to 8.4% in November from a downwardly revised 2% in October, led by an increase in consumer non-durables, infrastructure and capital goods segments. A few items may be exaggerating the underlying industrial strength, but the macro data suggest an industrial cycle recovery. WPI inflation for December moderated to 3.58% from 3.93% YoY in November. The surprise was mainly due to lower than expected food prices. Finance minister announced the Union Budget on 1st Feb wherein fiscal deficit target for FY19 was relaxed to 3.3% vs market expectation of 3.2% and FRBM roadmap of 3.0%. The government has adopted a revised FRBM target for fiscal deficit and now will pursue 3.1% for FY20 and 3% in FY21. Gross market borrowings for FY2019 are pegged at INR 6.06 trillion, as compared to INR 5.99 trillion in FY2018. The net market borrowing (g-sec and t-bills) for FY2019 stands at INR 4.07 trillion (as compared to INR 4.80 trillion in FY2018). Further government has also announced g-sec switch and buy-back of INR 280 billion and INR 719 billion respectively. Though the net borrowing number is broadly in-line with market expectations, the fact that fiscal prudence targets have been relaxed, along with likelihood of steep MSP hike for Kharif crops, there is a likelihood that this might lead to inflationary pressures and result in RBI changing policy stance. This was also evident from the sharp reaction in the bond market after the budget announcement. Systemic liquidity remained easy over the month and closed the month positive at 19,700 crs vs a surplus of 22,200 crores at the beginning of the period. Liquidity is expected to remain in negative to neutral zone going forward in Q4FY18. RBI will actively manage liquidity by OMO, MSS etc. as indicated during the Fifth monetary policy meeting. Going forward, we expect CPI to settle around 5 % by Q4FY18. We expect the RBI to stay on hold in its February policy. We don t expect any further rate cuts by RBI and given the current inflation trajectory and global developments (firming up of crude & other commodities and hardening of Developed Market bond yields) RBI might be forced to adopt a more cautious stance going forward and rate hikes can come sooner than earlier envisaged if global environment continues to remain unfavorable. We expect 10-year G-sec yield to trade range-bound in near term, within a band of 7.40%-7.70%. We expect liquidity to remain negative going further and RBI to actively manage liquidity by OMO and MSS. Short term rates which increased due to tightening liquidity and march crossing premium will take cues from the liquidity conditions going forward. Disclaimer The views expressed are in no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice. Please consult your Financial/Investment Adviser before investing. The views expressed may not reflect in the scheme portfolios of Mutual Fund. This note has been prepared using information believed to be accurate at the time of its use. 8

9 Large Cap Fund (Erstwhile known as Pure Equity Fund; renamed w.e.f February 29, 2016) (An Open-Ended Equity Scheme) Primarily invests in equity and equity related instruments of large market cap companies. To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. May 7, 1998 FUND MAGER Gopal Agrawal (Managing Since 27-Jun-17 and overall experience of 2s) S&P BSE Sensex V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 30.57% 30.57% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment. Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Motors Ltd. Auto Ancillaries Motherson Sumi Systems Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. State Bank Of India Kotak Mahindra Bank Ltd. Yes Bank Ltd. Indusind Bank Ltd. Cement Ultratech Cement Ltd. Grasim Industries Ltd. Construction Project Larsen & Toubro Ltd. Consumer Non Durables ITC Ltd. Eveready Industries India Ltd. Hindustan Unilever Ltd. Finance Housing Development Finance Ltd. Bajaj Finance Ltd. Gas Gail ( India ) Ltd. Healthcare Services Max India Ltd. Industrial Capital Goods Bharat Electronics Ltd. Siemens Ltd. No. of Shares Lakhs % of Assets Industrial Products Cummins India Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. D.B.Corp Ltd. Oil Oil & Natural Gas Co. Petroleum Products Reliance Industries Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Software Infosys Ltd. HCL Technologies Ltd. Elxsi Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex 135, % 138, % 456, % 458, % 894, % 852, % 840,000 1,447, % 1,339, % 1,200,000 2,530, % 2,228, % 2, 22,325, % 10,929, % (Inception date 07-May-1998) (First Installment date 01-Jun-1998) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ICICI Bank Ltd. Reliance Industries Ltd. ITC Ltd. Infosys Ltd. Maruti Suzuki India Ltd. HCL Technologies Ltd. State Bank Of India Future Retail Ltd. Motors Ltd. Total % to V Other Equities^ Repo Portfolio Total Cash / Net Current Asset Net Assets Industry Allocation ^ Exposure less than 1% has been clubbed under Other Equities Banks Software Consumer Non Durables Auto Petroleum Products Industrial Capital Goods Cement Media & Entertainment Finance Retailing Transportation Construction Project Power Textile Products Auto Ancillaries Industrial Products Healthcare Services Gas Pharmaceuticals Oil Non - Ferrous Metals 10.90% 8.94% 7.58% 5.09% 4.15% 3.82% 3.20% 3.20% 3.03% 2.88% 2.73% 2.70% 2.44% 2.30% 2.01% 1.97% 1.73% 1.62% 1.12% 0.78% No. of Shares Lakhs % of Assets % 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 84.85% 12.11% 3.04% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 140 Large Cap Fund - Reg - Growth S&P BSE Sensex Jan-15 Jan-16 Jan-17 Jan-18 9

10 Equity Opportunities Fund (An Open-Ended Equity Scheme) VOLATILITY MEASURES^ FUND Sharpe Ratio Primarily focuses on investing in equity and equity related instruments of well researched value and growth oriented companies across all market capitalization. To provide income distribution and / or medium to long term capital gains while at all times emphasizing the importance of capital appreciation. February 25,1993 FUND MAGER Rupesh Patel (Managing Since 7-Jun-13 and overall experience of 17 years) S&P BSE 200 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % 68.02% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment. Equity & Equity Related Total Auto Motors Ltd. Maruti Suzuki India Ltd. TVS Motor Company Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank Ltd. State Bank Of India Cement Dalmia Bharat Ltd. Ultratech Cement Ltd. Shree Cement Ltd. Commercial Services Security And Intelligence Services (India) Ltd. Construction KNR Constructions Ltd. Brigade Enterprises Ltd. Construction Project Larsen & Toubro Ltd. NCC Ltd. Sadbhav Engineering Ltd. Consumer Durables Havells India Ltd. Bata India Ltd. Consumer Non Durables ITC Ltd. Global Beverages Ltd. Asian Paints (India) Ltd. Ferrous Metals Steel Ltd. Gas Gujarat State Petronet Ltd. No. of Shares SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B S&P BSE 200 B S&P BSE 200 Total Value of AB S&P BSE Sensex AB S&P BSE Sensexa (Inception date 25-Feb-1993) (First Installment date 01-Mar-1993) Lakhs % of Assets Other Equities^ Repo Portfolio Total Net Current Liabilities Net Assets ^ Exposure less than 1% has been clubbed under Other Equities Lakhs Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank ITC Ltd. Motors Ltd. Maruti Suzuki India Ltd. Larsen & Toubro Ltd. Dalmia Bharat Ltd. Interglobe Aviation Ltd. Total % of Assets Year 10 Year 840,000 1,200,000 2,990, , , ,314 1,586,013 2,775,655 38,992, % 16.55% 18.43% 17.82% 15.99% 17.88% 136, , ,874 1,435,724 2,407,289 20,514, % 17.88% 16.48% 15.03% 13.34% 13.69% 138, , ,634 1,339,697 2,228,091 16,895, % 16.38% 14.01% 13.09% 11.89% 12.41% % to V No. of Shares Oil Oil & Natural Gas Co Finance Indiabulls Housing Finance Ltd ICICI Prudential Life Insurance Company Ltd Housing Development Finance Ltd Muthoot Finance Ltd Mahindra And Mahindra Financial Services Ltd Petroleum Products Indian Oil Corporation Ltd Reliance Industries Ltd Hindustan Petroleum Corporation Ltd Pharmaceuticals Sun Pharmaceutical Industries Ltd Divi Laboratories Ltd Piramal Enterprises Ltd. (Ccd 18Mths) 1670 Dishman Carbogen Amcis Ltd Power Power Grid Corporation Of India Ltd Retailing Future Retail Ltd Software Infosys Ltd HCL Technologies Ltd Transportation Interglobe Aviation Ltd Industry Allocation Banks 22.83% Finance 9.27% Cement 8.99% Pharmaceuticals 8.32% Construction Project 7.77% Auto 7.65% Consumer Non Durables 6.02% Petroleum Products 5.31% Construction 3.76% Software 3.19% Consumer Durables 2.98% Transportation 2.68% Retailing 2.14% Ferrous Metals 2.10% Power 1.44% Gas 1.36% Oil 1.20% Commercial Services 1.15% Auto Ancillaries 0.87% Non - Ferrous Metals 0.67% Media & Entertainment 0.02% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 74.22% 16.76% 9.02% V Movement Equity Opportunities Fund - Reg - Growth S&P BSE Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation) Jan-15 Jan-16 Jan-17 Jan-18 10

11 Ethical Fund (An Open-Ended Equity Scheme) VOLATILITY MEASURES^ FUND Sharpe Ratio An equity scheme which invests primarily in equities of Shariah compliant companies and other instrument if allowed under Shariah principles. To provide medium to long- term capital gains by investing in Shariah compliant equity and equity related instruments of well-researched value and growth - oriented companies. May 24,1996 FUND MAGER Pradeep Gokhale (Managing Since 2-Jan-12 and overall experience of 26 years) Nifty 500 Shariah V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % 56.66% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. 1% of the applicable V, if redeemed on or before 365 days from the date of allotment. (w.e.f. 6th April, 2015) Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Hero Motocorp Ltd. Auto Ancillaries WABCO India Ltd. Motherson Sumi Systems Ltd. Apollo Tyres Ltd. Amara Raja Batteries Ltd. Cement Ultratech Cement Ltd. Ambuja Cements Ltd. ACC Ltd. Chemicals Chemicals Ltd. Construction Project Voltas Ltd. NCC Ltd. (Qip) Consumer Durables Titan Company Ltd. Bata India Ltd. Whirlpool Of India Ltd. Bajaj Electricals Ltd. Consumer Non Durables Hindustan Unilever Ltd. Britannia Industries Ltd. Asian Paints (India) Ltd. Global Beverages Ltd. Colgate-Palmolive India Ltd. Nestle India Ltd. Fertilisers Gujarat State Fertilizers &Chem Ltd. Gas Gail (India) Ltd. Petronet LNG Ltd. No. of Shares Lakhs % of Assets Other Equities^ Portfolio Total Cash / Net Current Asset Net Assets No. of Shares Lakhs % of Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Nifty 500 Shariah B Nifty 500 Shariah Total Value of AB Nifty 50 AB Nifty , % 138, % 136, % 440, % 486, % 458, % 894, % 970, % 862, % 840,000 1,502, % 1,579, % 1,357, % 1,200,000 2,778, % 2,674, % 2,263, % 2,570,000 28,424, % 6,978, % 13,100, % (Inception date 24-May-1996) (First Installment date 01-Sep-1996) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Maruti Suzuki India Ltd. Hindustan Unilever Ltd. Britannia Industries Ltd. Ultratech Cement Ltd. Wabco India Ltd. Carborundum Universal Ltd. Tech Mahindra Ltd. Upl Ltd. Rallis India Ltd. Ambuja Cements Ltd. Total % to V Pesticides UPL Ltd. Rallis India Ltd. Industrial Capital Goods Siemens Ltd. Thermax Ltd. ABB India Ltd. Industrial Products Carborundum Universal Ltd. Cummins India Ltd. Finolex Cables Ltd. Timken India Ltd. Schaeffler Ltd. Mahindra Cie Automotive Ltd. Petroleum Products Indian Oil Corporation Ltd. Castrol India Ltd. Pharmaceuticals Cipla Ltd. IPCA Laboratories Ltd. Retailing Future Retail Ltd. Software Tech Mahindra Ltd. Textile Products Mayur Uniquoters Ltd. Transportation Gujarat Pipavav Port Ltd. ^ Exposure less than 1% has been clubbed under Other Equities Industry Allocation Consumer Non Durables 18.19% Industrial Products 13.59% Auto 10.62% Cement 7.07% Consumer Durables 6.31% Auto Ancillaries 6.12% Industrial Capital Goods 5.21% Pesticides 5.10% Pharmaceuticals 4.28% Software 4.07% Construction Project 3.14% Gas 3.10% Petroleum Products 2.51% Textile Products 1.99% Retailing 1.85% Transportation 1.59% Fertilisers 1.02% Chemicals 1.01% 0.00% 5.00% 10.00% 15.00% 20.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 58.04% 37.99% 3.96% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 160 Ethical Fund - Reg - Growth Nifty 500 Shariah Jan-15 Jan-16 Jan-17 Jan-18 11

12 Equity P/E Fund (An Open-Ended Equity Scheme) Primarily invests at least 70% of the net assets in equity shares whose rolling P/E ratio on past four quarter earnings for individual companies is less than rolling P/E of the S&P BSE SENSEX stocks. To provide reasonable and regular income and/ or possible capital appreciation to its Unitholder. June 29, 2004 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) S&P BSE Sensex V - Growth - Dividend (Trigger Option A 5%) - Dividend (Trigger Option B 10%) Reg - Growth Reg - Dividend (Trigger Option A 5%) Reg - Dividend (Trigger Option B 10%) ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 65.93% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio PE MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) Equity & Equity Related Total Auto Ashok Leyland Ltd. Mahindra & Mahindra Ltd. Motors Ltd. Bajaj Auto Ltd. Maruti Suzuki India Ltd. Hero Motocorp Ltd. Auto Ancillaries Exide Industries Ltd. Ceat Ltd. Apollo Tyres Ltd. Banks Yes Bank Ltd. City Union Bank Ltd. Cement Grasim Industries Ltd. Chemicals Chemicals Ltd. Construction Project Larsen & Toubro Ltd. Voltas Ltd. Consumer Non Durables Hindustan Unilever Ltd. Radico Khaitan Ltd. Global Beverages Ltd. Finance Housing Development Finance Ltd. Muthoot Finance Ltd. JM Financial Ltd. Max Financial Services Ltd. Gas Gail ( India ) Ltd. Petronet Lng Ltd. No. of Shares Lakhs % of Assets Other Equities^ CBLO Repo Portfolio Total Net Current Liabilities Net Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 29-Jun-2004) (First Installment date 01-Jul-2004) 135, % 138, % 515, % 458, % 1,140, % 852, % 840,000 1,896, % 1,339, % 1,200,000 3,446, % 2,228, % 1,630,000 6,702, % 3,911, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Yes Bank Ltd. Power Grid Corporation Of India Ltd. Reliance Industries Ltd. Zee Entertainment Enterprises Ltd. HDFC Ltd. Larsen & Toubro Ltd. Finolex Cables Ltd. Grasim Industries Ltd. Ashok Leyland Gail (india) Ltd. Total % to V Industrial Products Finolex Cables Ltd. Nilkamal Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Sun Tv Network Ltd. Petroleum Products Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Software Cyient Ltd. Persistent Systems Ltd. Consultancy Services Ltd. Larsen & Toubro Infotech Ltd. Telecom - Services Bharti Airtel Ltd. Textile Products Raymond Ltd. Transportation Interglobe Aviation Ltd. Adani Ports And Special Economic Zone Ltd. ^ Exposure less than 1% has been clubbed under Other Equities Industry Allocation Auto Finance Banks Petroleum Products Media & Entertainment Auto Ancillaries Transportation Construction Project Software Power Industrial Products Gas Consumer Non Durables Cement Textile Products Chemicals Retailing Industrial Capital Goods Telecom - Services Hotels, Resort And Other Recreational Fertilisers Paper No. of Shares Lakhs 12.68% 10.33% 8.73% 7.20% 5.67% 5.27% 5.25% 4.91% 4.75% 4.43% 4.32% 3.79% 3.79% 3.76% 2.19% 1.99% 1.98% 1.33% 1.07% 0.85% 0.75% 0.55% 0.00% 5.00% 10.00% 15.00% % of Assets Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 66.81% 28.57% 4.62% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 170 Equity P/E Fund - Reg - Growth S&P BSE Sensex Jan-15 Jan-16 Jan-17 Jan-18 12

13 Mid Cap Growth Fund (An Open-Ended Equity Scheme) An equity scheme with focus towards mid cap stocks. To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks. July 1, 1994 FUND MAGER Rupesh Patel (Managing Since 27-Jun-17 and overall experience of 17 years ) & Danesh Mistry (Assistant fund manager) (Managing Since 1-Apr-16 and overall experience of 14 years) Nifty Free Float Midcap 100 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) VOLATILITY MEASURES^ FUND TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) Sharpe Ratio MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % 45.63% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Equity & Equity Related Total Auto Ancillaries Amara Raja Batteries Ltd. Exide Industries Ltd. Banks Yes Bank Ltd. City Union Bank Ltd. Punjab National Bank Cement Shree Cement Ltd. Dalmia Bharat Ltd. J K Cement Ltd. The Ramco Cements Ltd. NCL Industries Ltd. Chemicals Navin Fluorine International Ltd. Solar Industries India Ltd. Vinati Organics Ltd. Gujarat Alkalies & Chemicals Ltd. Construction KNR Constructions Ltd. Somany Ceramics Ltd. Brigade Enterprises Ltd. Construction Project Sadbhav Engineering Ltd. NCC Ltd. Sadbhav Infrastructure Project Ltd. Consumer Durables Blue Star Ltd. Havells India Ltd. IFB Industries Ltd. Bata India Ltd. Consumer Non Durables Global Beverages Ltd. Glaxo Smithkline Con Healthcar Ltd. Fertilisers Chambal Fertiliser & Chemicals Ltd. Finance Muthoot Finance Ltd. Satin Creditcare Network Ltd. Top 10 Holdings Equity Issuer Name Future Retail Ltd. Knr Construction Yes Bank Ltd. Future Consumer Ltd. Sadbhav Engineering Ltd. Shree Cement Ltd. NCC Ltd. Dalmia Bharat Ltd. Interglobe Aviation Ltd. Indian Oil Corp Ltd. Total No. of Shares Lakhs % of Assets % to V Equitas Holdings Ltd. IDFC Ltd. Gas Gujarat State Petronet Ltd. Petronet LNG Ltd. Industrial Products AIA Engineering Ltd. Mahindra Cie Automotive Ltd. Schaeffler Ltd. Paper Tamilnadu Newsprint & Papers Ltd. Pesticides Bayer Cropscience Ltd. Rallis India Ltd. PI Industries Ltd. Petroleum Products Indian Oil Corporation Ltd. Hindustan Petroleum Corporation Ltd. Pharmaceuticals Eris Lifesciences Ltd. Piramal Enterprises Ltd. (Ccd 18Mths) Strides Shasun Ltd. Retailing Future Retail Ltd. Future Consumer Ltd. Trent Ltd. Software Elxsi Ltd. Textile Products Trident Ltd. Transportation Interglobe Aviation Ltd. Cox & Kings Ltd. Other Equities^ Repo Portfolio Total Net Current Liabilities Net Assets Industry Allocation No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Lakhs % of Assets 1.03 SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Nifty Free Float Midcap 100 B Nifty Free Float Midcap 100 Total Value of AB Nifty 50 AB Nifty , % 137, % 136, % 475, % 504, % 458, % 1,108, % 1,083, % 862, % 840,000 1,938, % 1,748, % 1,357, % 1,200,000 3,581, % 3,040, % 2,263, % 2,830,000 21,515, % 18,800, % 11,858, % (Inception date 01-Jul-1994) (First Installment date 01-Jul-1994) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performace refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Cement Retailing Construction Banks Construction Project Pharmaceuticals Chemicals Industrial Products Consumer Durables Finance Pesticides Auto Ancillaries Transportation Consumer Non Durables Gas Petroleum Products Textile Products Fertilisers Paper Software Industrial Capital Goods Non - Ferrous Metals 2.00% 1.37% 1.36% 1.12% 0.96% 0.96% 7.84% 7.45% 7.38% 7.36% 6.55% 6.32% 5.97% 5.84% 5.31% 4.48% 4.11% 3.71% 3.42% 3.41% 3.35% 9.15% 0.00% 5.00% 10.00% V Movement Mid Cap Growth Fund - Reg - Dividend Nifty Free Float Midcap Jan-15 Jan-16 Jan-17 Jan-18 13

14 Dividend Yield Fund (An Open-Ended Equity Scheme) Primarily focuses on investing in high dividend yield stocks. Minimum 70% of the net assets shall be invested in stocks having dividend yield higher than dividend yield of S&P BSE SENSEX stocks. To provide income distribution and / or medium to long term capital gains by investing predominantly in high dividend yield stocks. November 22, 2004 FUND MAGER Rupesh Patel (Managing Since 7-Jun-13 and overall experience of 17 years) Nifty 500 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 13.02% VOLATILITY MEASURES^ FUND Sharpe Ratio Dividend Yield MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 * For S&P BSE Sensex 1% if redeemed on or before expiry of 365 days from the date of allotment. Equity & Equity Related Total Auto Bajaj Auto Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. Karur Vysa Bank Ltd. Construction Project Sadbhav Engineering Ltd. Engineers India Ltd. Consumer Non Durables Hindustan Unilever Ltd. ITC Ltd. CCL Products India Ltd. Finance Manappuram Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Muthoot Finance Ltd. Rural Electrification Corp. Ltd. Industrial Products Finolex Industries Ltd. Cummins India Ltd. Swaraj Engines Ltd. Media & Entertainment Sun Tv Network Ltd. Minerals/Mining Coal India Ltd. Oil Oil & Natural Gas Co Lakhs Petroleum Products Hindustan Petroleum Corporation Ltd. Pharmaceuticals Strides Shasun Ltd. Power Power Grid Corporation Of India Ltd. Torrent Power Ltd. Software HCL Technologies Ltd. Infosys Ltd. NIIT Technologies Ltd. Mphasis Ltd. Eclerx Services Ltd. Transportation Interglobe Aviation Ltd. Other Equities^ Repo Portfolio Total Net Current Liabilities Net Assets No. of Shares Lakhs % of Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Nifty 500 B Nifty 500 Total Value of AB Nifty 50 AB Nifty , % 137, % 136, % 454, % 474, % 458, % 925, % 926, % 862, % 840,000 1,501, % 1,473, % 1,357, % 1,200,000 2,835, % 2,466, % 2,263, % 1,580,000 4,821, % 3,876, % 3,633, % (Inception date 22-Nov-2004) (First Installment date 01-Dec-2004) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Manappuram Finance Ltd. HDFC Bank Ltd. HCL Technologies Ltd. ICICI Bank Ltd. Finolex Industries Ltd. Power Grid Corporation Of India Ltd. Sun Tv Network Ltd. Bajaj Auto Ltd. Infosys Ltd. Hindustan Unilever Ltd. Total No. of Shares % of Assets % to V ^ Exposure less than 1% has been clubbed under Other Equities Industry Allocation Software 17.83% Finance 13.71% Banks 13.51% Industrial Products 11.10% Consumer Non Durables 9.37% Power 7.30% Media & Entertainment 4.70% Auto 4.65% Construction Project Pharmaceuticals 4.16% 3.21% V Minerals/mining 2.29% Transportation 2.23% Petroleum Products 1.82% Oil 1.40% Fertilisers 0.98% 0.00% 5.00% 10.00% 15.00% 20.00% Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 60.23% 34.91% 4.87% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Dividend Yield Fund - Reg - Growth Nifty Jan-15 Jan-16 Jan-17 Jan-18 14

15 India Tax Savings Fund (Erstwhile known as Long Term Equity Fund; renamed w.e.f December 21, 2015) (An Open-Ended Equity Linked Saving Scheme (ELSS) for residents with a lock-in period of s) VOLATILITY MEASURES^ FUND Sharpe Ratio An equity linked tax savings scheme (ELSS) that aims to provide medium to long term capital gains along with income tax benefit under Section 80C of the Income Tax Act. To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation. March 31,1996 FUND MAGER Rupesh Patel (Managing Since 1-Apr-15 and overall experience of 17 years) S&P BSE Sensex V - Dividend Reg - Dividend - Growth Reg- Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 500/- and in multiples of 500/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 500/- and multiples of 500/- thereafter. Entry Load Not Applicable Exit Load % 25.63% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 Nil (Compulsory lock-in period for 3 years) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Equity & Equity Related Total Auto Motors Ltd. Maruti Suzuki India Ltd. TVS Motor Company Ltd. Banks ICICI Bank Ltd. HDFC Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank Ltd. Punjab National Bank State Bank Of India Cement Dalmia Bharat Ltd. NCL Industries Ltd. Construction KNR Constructions Ltd. Somany Ceramics Ltd. Brigade Enterprises Ltd. Construction Project Larsen & Toubro Ltd. NCC Ltd. Consumer Durables Havells India Ltd. Bata India Ltd. IFB Industries Ltd. Consumer Non Durables ITC Ltd. Global Beverages Ltd. Ferrous Metals Steel Ltd. Finance IDFC Ltd. Satin Creditcare Network Ltd. Housing Development Finance Ltd. Indiabulls Housing Finance Ltd. ICICI Prudential Life Insurance Company Ltd. Healthcare Services Apollo Hospitals Enterprise Ltd. Top 10 Holdings Equity Issuer Name ICICI Bank Ltd. Reliance Industries Ltd. HDFC Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank Interglobe Aviation Ltd. Future Consumer Ltd. Future Retail Ltd. Larsen & Toubro Ltd. Avenue Supermarts Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap No. of Shares Lakhs % of Assets % to V % 32.45% 11.63% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). Industrial Products Mahindra CIE Automotive Ltd. Petroleum Products Reliance Industries Ltd. Indian Oil Corporation Ltd. Hindustan Petroleum Corporation Ltd. Pharmaceuticals Divi Laboratories Ltd. Eris Lifesciences Ltd. Natco Pharma Ltd. Sun Pharmaceutical Industries Ltd. Piramal Enterprises Ltd. (Ccd 18Mths) Retailing Future Consumer Ltd. Future Retail Ltd. Avenue Supermarts Ltd. Trent Ltd. Software HCL Technologies Ltd. Transportation Interglobe Aviation Ltd. Cox & Kings Ltd. Other Equities^ CBLO Repo Portfolio Total Net Current Liabilities Net Assets Industry Allocation V Movement No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Lakhs SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 31-Mar-1996) (First Installment date 01-Jul-1996) 137, % 138, % 493, % 458, % 1,056, % 852, % 840,000 1,771, % 1,339, % 1,200,000 3,181, % 2,228, % 2,590,000 37,416, % 13,198, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Banks Finance Retailing Pharmaceuticals Petroleum Products Industrial Products Cement Construction Project Consumer Durables Auto Construction Transportation Consumer Non Durables Chemicals Ferrous Metals Power Software Healthcare Services Fertilisers Oil Paper Auto Ancillaries Gas Hotels, Resort And Other Recreational % 7.87% 7.48% 5.33% 5.12% 4.54% 4.09% 4.09% 4.01% 3.23% 3.21% 2.54% 2.51% 1.77% 1.66% 1.17% 0.98% 0.96% 0.88% 0.77% 0.51% 0.32% 10.62% 15.62% 0.00% 5.00% 10.00% 15.00% 20.00% India Tax Savings Fund - Reg - Dividend S&P BSE Sensex % of Assets Jan-15 Jan-16 Jan-17 Jan-18 15

16 Banking & Financial Services Fund (An Open-Ended Banking & Financial Services Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Pradeep Gokhale (Managing Since 28-Dec-15 and overall experience of 26 years) Nifty Financial Services V - Dividend - Growth - Dividend - Growth ( in Cr.) ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter. VOLATILITY MEASURES^ FUND Sharpe Ratio Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 NIL (w.e.f. 01st January, 2017) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Equity & Equity Related Total Banks HDFC Bank Ltd. Kotak Mahindra Bank Ltd. Yes Bank Ltd. City Union Bank Ltd. DCB Bank Ltd. Finance Housing Development Finance Ltd. Muthoot Finance Ltd. Max Financial Services Ltd. JM Financial Ltd. Central Depository Services (India) Ltd. Bajaj Finserv Ltd. ICICI Prudential Life Insurance Company Ltd. Bajaj Finance Ltd. Ujjivan Financial Services Ltd. SBI Life Insurance Company Ltd. Gruh Finance Ltd. Geojit Financial Services Ltd. The New India Assurance Company Ltd. No. of Shares % of Lakhs Assets ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 48.15% 48.15% Repo Portfolio Total Cash / Net Current Asset Net Assets MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. Digital India Fund (An Open-Ended Information Technology Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Information Technology sector in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28,2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr - 16 and overall experience of 20 years) & Pradeep Gokhale (Managing Since 28-Dec-15 and overall experience of 26 years) S&P BSE IT V - Dividend - Growth - Dividend - Growth ( in Cr.) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Software Infosys Ltd. Consultancy Services Ltd. Elxsi Ltd. Niit Technologies Ltd. Tech Mahindra Ltd. Mindtree Ltd. Sonata Software Ltd. HCL Technologies Ltd. Persistent Systems Ltd. Cyient Ltd. Info Edge (India) Ltd. Majesco Ltd. Oracle Financials Services Soft Ltd. Mphasis Ltd. Other Equities^ Repo Portfolio Total Cash / Net Current Asset Net Assets No. of Shares % of Lakhs Assets ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 54.55% 54.55% 16

17 India Consumer Fund (An Open-Ended Consumption Oriented Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty India Consumption V - Dividend - Growth - Dividend - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT % 38.31% ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio Entry Load Exit Load Not Applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Mahindra & Mahindra Ltd. Bajaj Auto Ltd. Ashok Leyland Ltd. Motors Ltd. Escorts Ltd. Eicher Motors Ltd. Auto Ancillaries Ceat Ltd. MRF Ltd. Consumer Durables Bata India Ltd. Havells India Ltd. Whirlpool Of India Ltd. Consumer Non Durables ITC Ltd. Hindustan Unilever Ltd. Jubilant Foodworks Ltd. Radico Khaitan Ltd. Asian Paints (India) Ltd. Dabur India Ltd. Global Beverages Ltd. Colgate-Palmolive India Ltd. Kansai Nerolac Paints Ltd. Heritage Foods Ltd. Britannia Industries Ltd. Nestle India Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Sun Tv Network Ltd. Retailing Future Retail Ltd. Future Consumer Ltd. Trent Ltd. Avenue Supermarts Ltd. Textile Products Raymond Ltd. No. of Shares % of Lakhs Assets ,000/- and in multiples of Re. 1/- thereafter. Other Equities^ Repo Portfolio Total Net Current Liabilities Net Assets India Pharma & Healthcare Fund (An Open-Ended India Pharma & Healthcare Services Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Pharma & Healthcare sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the pharma & healthcare sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr - 16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty Pharma V - Dividend - Growth - Dividend - Growth ( in Cr.) ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter. VOLATILITY MEASURES^ FUND Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 50 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable Equity & Equity Related Total Healthcare Services Apollo Hospitals Enterprise Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Piramal Enterprises Ltd. Divi Laboratories Ltd. Dishman Carbogen Amcis Ltd. Syngene International Ltd. Ipca Laboratories Ltd. Cadila Healthcare Ltd. Alembic Pharmaceuticals Ltd. Aurobindo Pharma Ltd. Sanofi India Ltd. Cipla Ltd. Natco Pharma Ltd. Abbott India Ltd. Alkem Laboratories Ltd. Lupin Ltd. Shilpa Medicare Ltd. No. of Shares % of Lakhs Assets ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 73.78% 73.78% Other Equities^ Repo Portfolio Total Cash / Net Current Asset Net Assets ^ Exposure less than 1% has been clubbed under Other Equities ,000/- and in multiples of Re. 1/- thereafter. 17

18 Resources & Energy Fund (An Open-Ended Resources & Energy Sector Scheme) Primarily focuses on investment in at least 80% of its net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India. The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.the Scheme does not assure or guarantee any returns. December 28, 2015 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) & Rupesh Patel (Managing Since 28-Dec-15 and overall experience of 17 years) Nifty Commodities V - Dividend - Growth - Dividend - Growth ( in Cr.) ( in Cr.) TURNOVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 55.33% ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and in multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) Equity & Equity Related Total Cement Ultratech Cement Ltd. Grasim Industries Ltd. Birla Corporation Ltd. J K Cement Ltd. Dalmia Bharat Ltd. Chemicals Chemicals Ltd. Vinati Organics Ltd. Ferrous Metals Metaliks Ltd. Steel Ltd. APL Apollo Tubes Ltd. Fertilisers Chambal Fertiliser & Chemicals Ltd. Gas Gail ( India ) Ltd. Petronet Lng Ltd. Aegis Logistics Ltd. Minerals/Mining Gujarat Mineral Dev Corp Ltd. Non - Ferrous Metals Hindalco Industries Ltd. Vedanta Ltd. Oil Oil & Natural Gas Co. Pesticides UPL Ltd. Bayer Cropscience Ltd. Petroleum Products Reliance Industries Ltd. Indian Oil Corporation Ltd. Hindustan Petroleum Corporation Ltd. Power Power Grid Corporation Of India Ltd. No. of Shares % of Lakhs Assets MINIMUM INVESTMENT / MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. Other Equities^ Repo Portfolio Total Cash / Net Current Asset Net Assets ^ Exposure less than 1% has been clubbed under Other Equities 18

19 Infrastructure Fund (An Open-Ended Equity Scheme) Primarily focuses on equity / equity related instruments of the companies in the Infrastructure sector in India. To provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instruments of the companies in the infrastructure sector. December 31, 2004 FUND MAGER Rupesh Patel (Managing Since 1-Jan-14 and overall experience of 17 years) Nifty 500 V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 55.53% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL (w.e.f. 01st January, 2017) ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 47 Equity & Equity Related Total Auto Escorts Ltd. Banks ICICI Bank Ltd. Yes Bank Ltd. HDFC Bank Ltd. Punjab National Bank Cement Shree Cement Ltd. Ultratech Cement Ltd. J K Cement Ltd. The Ramco Cements Ltd. Birla Corporation Ltd. Chemicals Solar Industries India Ltd. Construction KNR Constructions Ltd. Welspun Enterprises Ltd. NBCC India Ltd. Brigade Enterprises Ltd. Construction Project Sadbhav Engineering Ltd. Larsen & Toubro Ltd. NCC Ltd. Sadbhav Infrastructure Project Ltd. Consumer Non Durables Asian Paints (India) Ltd. Ferrous Metals Steel Ltd. APL Apollo Tubes Ltd. Finance IDFC Ltd. No. of Shares SIP - If you had invested INR every month Lakhs % of Assets No. of Shares Lakhs Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Nifty 500 B Nifty 500 Total Value of AB Nifty 50 AB Nifty , % 137, % 136, % 483, % 474, % 458, % 1,005, % 926, % 862, % 840,000 1,529, % 1,473, % 1,357, % 1,200,000 2,338, % 2,466, % 2,263, % 1,560,000 3,604, % 3,764, % 3,524, % (Inception date 31-Dec-2004) (First Installment date 01-Feb-2005) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name KNR Construction Sadbhav Engineering Ltd. Larsen & Toubro Ltd. ICICI Bank Ltd. Power Grid Corporation Of India Ltd. Shree Cement Ltd. Steel Ltd. Yes Bank Ltd. Astral Poly Technik Ltd. NCC Ltd. Total % to V Power Finance Corporation Ltd. Gas Gujarat State Petronet Ltd. Industrial Capital Goods ABB India Ltd. Thermax Ltd. Bharat Electronics Ltd. Industrial Products Astral Poly Technik Ltd. Finolex Cables Ltd. Timken India Ltd. AIA Engineering Ltd. Schaeffler Ltd. Grindwell Norton Ltd. Ador Welding Ltd. Cummins India Ltd. Petroleum Products Hindustan Petroleum Corporation Ltd. Indian Oil Corporation Ltd. Power Power Grid Corporation Of India Ltd. Torrent Power Ltd. Kalpataru Power Transmission Ltd. Transportation Interglobe Aviation Ltd. Container Corporation Of India Ltd. Other Equities^ Repo Portfolio Total Net Current Liabilities Net Assets Industry Allocation ^ Exposure less than 1% has been clubbed under Other Equities Industrial Products Construction Project Banks Cement Construction Power Industrial Capital Goods Ferrous Metals Petroleum Products Transportation Finance Gas Auto Chemicals Consumer Non Durables Media & Entertainment 5.63% 5.63% 4.86% 3.83% 3.78% 3.19% 2.51% 2.16% 1.47% 1.26% 0.38% % 15.37% 11.99% 10.82% 10.48% 0.00% 5.00% 10.00% 15.00% 20.00% % of Assets Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 46.23% 41.32% 12.44% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement 150 Infrastructure Fund - Reg - Growth Nifty Jan-15 Jan-16 Jan-17 Jan-18 19

20 Balanced Fund (An Open-Ended Balanced Scheme) Invests 65% to 75% investment in Equity & equity related instruments & 25% to 35% in debt & money market instruments. For taxation purpose, it is treated as an equity scheme. (Monthly Income is not assured and is subject to availability of distributable surplus.). To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. October 8, 1995 FUND MAGER Pradeep Gokhale (Managing Since 1-Apr-16 and overall experience of 26 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) CRISIL Hybrid Aggressive Index V - Growth - Dividend - Monthly Dividend Reg - Growth Reg - Dividend Reg - Monthly Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) % Portfolio Turnover (Equity component only) 30.67% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 Modified Duration 3.6s Average Maturity 5.30 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.18% 7.28% 1% if redeemed on or before expiry of 365 days from the date of allotment (w.e.f. 6th April, 2015) Company Name Equity & Equity Related Total Auto Motors Ltd. Maruti Suzuki India Ltd. Mahindra & Mahindra Ltd. Banks HDFC Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. Kotak Mahindra Bank Ltd. State Bank Of India Cement Shree Cement Ltd. Ultratech Cement Ltd. Construction Project Larsen & Toubro Ltd. Sadbhav Engineering Ltd. Consumer Non Durables ITC Ltd. Hindustan Unilever Ltd. United Spirits Ltd. Gas Gail ( India ) Ltd. Industrial Capital Goods Bharat Electronics Ltd. Industrial Products Bharat Forge Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Petroleum Products Reliance Industries Ltd. Pharmaceuticals Sun Pharmaceutical Industries Ltd. Dishman Carbogen Amcis Ltd. Power Power Grid Corporation Of India Ltd. Software HCL Technologies Ltd. Infosys Ltd. Other Equities^ Lakhs % of Assets Name of the Instrument Ratings Lakhs CBLO Repo Portfolio Total Cash / Net Current Asset Net Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B CRISIL Hybrid Aggressive Index B CRISIL Hybrid Aggressive Index Total Value of AB S&P BSE Sensex AB S&P BSE Sensex (Inception date 08-Oct-1995) (First Installment date 01-Feb-1996) Top 10 Holdings Equity Issuer Name HDFC Bank Ltd. ICICI Bank Ltd. Reliance Industries Ltd. Larsen & Toubro Ltd. ITC Ltd. Yes Bank Ltd. Motors Ltd. HCL Technologies Ltd. Kotak Mahindra Bank Zee Entertainment Enterprises Ltd. Total No. of Shares , % 131, % 138, % % to V , % 450, % 458, % Debt Instruments Government Securities GOI % (15/05/2027) GOI % (19/12/2022) GOI % (22/06/2024) GOI % (25/05/2025) GOI % (19/12/2034) GOI % (21/09/2022) GOI % (21/09/2027) SDL Andhra Pradesh 7.51% (13/09/2037) GOI % (17/09/2031) GOI % (03/05/2020) SDL Punjab 7.07% (28/12/2020) SDL Gujarat 7.77% (19/06/2023) SDL Tamilnadu 7.65% (06/12/2027) GOI % (08/01/2028) GOI % 15/02/2027 GOI % (05/12/2033) GOI % (02/07/2040) SDL Karnataka 8.40% (27/03/2018) GOI % (15/12/2023) SDL Tamilnadu 8.14% (27/05/2025) GOI % (26/12/2029) Non-Convertible Debentures/Bonds/ZCB % HDFC Ltd % Indiabulls Housing Finance Ltd % Kotak Mahindra Investments Ltd % Power Finance Corporation % HDFC Ltd % LIC Housing Finance Ltd % Reliance Jio Infocomm Ltd % Reliance Ports & Terminals Ltd % Power Finance Corporation % Power Finance Corporation % Andhra Bank IL&FS Ltd. - ZCB % Mahindra & Mahindra Financial Services Ltd % State Bank Of India % Blue Dart Express Ltd % Blue Dart Express Ltd. Privately Placed/Unlisted % Vodafone Mobile Services Ltd. ^ Exposure less than 1% has been clubbed under Other Equities 889, % 868, % 852, % Industry Allocation 840,000 1,496, % 1,381, % 1,339, % CRISIL- AA+ ICRA- AAA CRISIL- AA+ ICRA- AA ICRA- AA CRISIL- AA 1,200,000 2,766, % 2,336, % 2,228, % % to V ,640,000 26,270, % 12,722, % 13,726, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Banks Software Consumer Non Durables Construction Project Petroleum Products Auto Cement Media & Entertainment Power Auto Ancillaries Pharmaceuticals Industrial Products Industrial Capital Goods Non - Ferrous Metals Transportation Finance Gas Consumer Durables Pesticides Ferrous Metals 5.59% 5.42% 5.36% 5.23% 4.89% 4.76% 2.80% 2.72% 2.64% 2.64% 2.57% 1.94% 1.67% 1.64% 1.59% 1.14% 0.54% 0.42% 0.12% 19.22% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% V Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap 83.17% 12.51% 4.33% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Balanced Fund - Reg - Growth CRISIL Hybrid Aggressive Index Jan-15 Jan-16 Jan-17 Jan-18 20

21 Savings Equity Fund (An Open-Ended Equity Scheme) Predominantly investing in equity and equity related instruments, equity arbitrage opportunities and debt and money market instruments. The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns. April 27, 2000 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years)(for equity portfolio) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 2s) (for Debt Portfolio) Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%) V - Monthly Dividend - Growth - Periodic Dividend - Growth - Monthly Dividend - Periodic Dividend ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) VOLATILITY MEASURES^ FUND Sharpe Ratio Modified Duration Average Maturity MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load % % **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable Years 0.9s Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* 7.16% 7.89% *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg 49 Total stock in Portfolio 29 Growth Option Rs 5,000/- and in multiple of Re.1/- thereafter Dividend Option Rs 5,000/- and in multiple of Re.1/- thereafter 0.25% of the applicable V, if redeemed on or before expiry of 90 days from the date of allotment. (w.e.f. Oct 1, 2016) Equity & Equity Related Total Unhedge Positions Auto Maruti Suzuki India Ltd. Bajaj Auto Ltd. Motors Ltd. Auto Ancillaries Ceat Ltd. Banks Yes Bank Ltd. Kotak Mahindra Bank Ltd. Cement Grasim Industries Ltd. Construction Project Larsen & Toubro Ltd. Voltas Ltd. Consumer Durables Bata India Ltd. Havells India Ltd. Consumer Non Durables Hindustan Unilever Ltd. Radico Khaitan Ltd. Jubilant Foodworks Ltd. Finance Muthoot Finance Ltd. Max Financial Services Ltd. Housing Development Finance Ltd. Industrial Capital Goods Bharat Electronics Ltd. Industrial Products Finolex Cables Ltd. Media & Entertainment Sun Tv Network Ltd. Zee Entertainment Enterprises Ltd. Petroleum Products Reliance Industries Ltd. Hindustan Petroleum Corporation Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Consumer Ltd. Future Retail Ltd. Software Majesco Ltd. Telecom - Services Bharti Airtel Ltd. Textile Products Raymond Ltd. Hedge Positions Dewan Housing Finance Corporation Ltd. Dewan Housing Finance Corporation Ltd. - Future Tv18 Broadcast Ltd. Tv18 Broadcast Ltd. - Future Global Beverages Ltd. Global Beverages Ltd. - Future SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%) Crisil Short Term Bond Fund Index (35%) B Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%) Total Value of AB S&P BSE Sensex AB S&P BSE Sensex (Inception date 27-Apr-2000) (First Installment date 01-May-2000) Top 10 Holdings Equity Issuer Name Hindustan Unilever Ltd. Yes Bank Ltd. Power Grid Corporation Of India Ltd. Larsen & Toubro Ltd. Reliance Industries Ltd. Future Consumer Ltd. Hindustan Petroleum Corporation Ltd. Radico Khaitan Ltd. Bata India Ltd. Bharti Airtel Ltd. Total % to V % to V % to V Derivative Repo Portfolio Total Cash / Net Current Liabilities Net Assets Year 10 Year 122, % 127, % 138, % % to V % to V % to V Derivative Century Textiles & Industries Ltd. Century Textiles & Industries Ltd. - Future Jsw Steel Ltd. Jsw Steel Ltd. - Future Federal Bank Ltd. Federal Bank Ltd. - Future Granules India Ltd. Granules India Ltd. - Future BEML Ltd. BEML Ltd. - Future Sun Tv Network Ltd. Sun Tv Network Ltd. - Future Cesc Ltd. Cesc Ltd. - Future IDFC Ltd. IDFC Ltd. - Future Muthoot Finance Ltd. Muthoot Finance Ltd. - Future Motors - Dvr Motors - Dvr - Future Communications Ltd. Communications Ltd. - Future Reliance Industries Ltd. Reliance Industries Ltd. - Future Torrent Power Ltd. Torrent Power Ltd. - Future Bharat Financial Inclusion Ltd. Bharat Financial Inclusion Ltd. - Future Nbcc India Ltd. Nbcc India Ltd. - Future ITC Ltd. ITC Ltd. - Future ICICI Prudential Life Insurance Company Ltd. ICICI Prudential Life Insurance Company Ltd. - Future Dlf Ltd. Dlf Ltd. - Future Name of the Instrument Ratings % to V Non-convertible Debentures/bonds % Reliance Utilities And Power Private Ltd % Reliance Ports & Terminals Ltd % India Infradebt Ltd % National Highways Authority Of India % LIC Housing Finance Ltd % Indian Railways Finance Corporation Ltd % Nhpc Ltd % Reliance Jio Infocomm Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation % Exim Margin Deposits HDFC Bank Ltd Cash (Placed as Margin Money ) , % 417, % 458, % 709, % 769, % 852, % 840,000 1,075, % 1,193, % 1,338, % 1,200,000 1,690, % 1,610, % 2,223, % 2,130,000 4,035, % 3,039,846 Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Industry Allocation Consumer Non Durables 2.34% Auto 1.35% Petroleum Products 1.25% Banks 1.23% Finance 1.11% Construction Project 1.10% Retailing 1.08% Consumer Durables 0.93% Media & Entertainment 0.77% Power 0.69% Telecom - Services 0.53% Industrial Products 0.47% Auto Ancillaries 0.47% Cement 0.45% Software 0.42% Industrial Capital Goods 0.39% Textile Products 0.22% 0.00% % 2.00% 3.00% 3.85% 8,716, % Market Capitalisation wise Exposure Large Cap 65.98% Mid Cap 28.12% Small Cap 5.90% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). V Movement Saving Equity Fund - Reg - Mthly Dividend Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%) Jul-15 May-16 Mar-17 Jan-18 21

22 Dynamic Bond Fund (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ Aims to create a liquid portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity. To provide reasonable returns and high level of liquidity by investing in debt instruments including bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, as permitted by regulation so as to spread the risk across different kinds of issuers in the debt markets. September 03,2003 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) I-Sec Composite Index V - Growth - Dividend Reg - Growth Reg - Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Modified Duration Average Maturity 4.4s 6.84 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter % 7.11% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg 49 Entry Load Not Applicable Exit Load 0.50% of V if redeemed on or before expiry of 30 days from the date of allotment (w.e.f 15th November, 2017). Name of the Instrument Debt Instruments Government Securities GOI % (17/09/2031) GOI % (15/05/2027) SDL Tamilnadu 7.65% (06/12/2027) GOI % (03/06/2019) SDL Maharashtra 7.33% (13/09/2027) GOI % (09/07/2026) GOI % (19/03/2030) GOI % (26/10/2055) GOI % (22/06/2024) Non-Convertible Debentures/Bonds % Reliance Jio Infocomm Ltd % Kotak Mahindra Prime Ltd % EXIM Money Market Instruments HDFC Bank Ltd. - CD Yes Bank Ltd. - CD Ratings CARE- A1+ Lakhs % to V Name of the Instrument CBLO Repo Portfolio Total Cash / Net Current Asset Net Assets Ratings Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB CRISIL 10 Yr Gilt Index AB CRISIL 10 Yr Gilt Index 120, % 121, % 117, % 395, % 399, % 384, % 731, % 741, % 704, % 840,000 1,134, % 1,145, % 1,064, % 1,200,000 1,817, % 1,863, % 1,666, % 1,720,000 3,032, % 3,205, % 2,743, % (Inception date 03-Sep-2003) (First Installment date 01-Oct-2003) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 33.86% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 4.26% 4.04% 11.56% 54.58% 11.05% 20.30% A1+ / AAA Cash & Cash Equivalents 27.01% 33.33% 0.00% 10.00% 20.00% 30.00% 40.00% Instrument Wise Composition 33.85% 6.11% 4.20% V Movement % 48.48% Dynamic Bond Fund - Reg - Growth NCD - Non Convertible Deb Government Securities Certificate Of Deposit State Development Loans Cash & Cash Equivalents I-Sec Composite Index 100 Jan-15 Jan-16 Jan-17 Jan-18 22

23 Medium Term Fund (An Open-Ended Debt Scheme) (Erstwhile known as Income Plus Fund; renamed w.e.f March 17, 2017) VOLATILITY MEASURES^ FUND Modified Duration Average Maturity The aim of the Fund Manager is to identify and allocate the assets of the scheme between various fixed income securities with the objective of generate reasonable returns at moderate risk. The security will be identified based on various parameters such as issuer's credit rating history, financial track record of the issuer, corporate governance track record of the issuer, liquidity of the security, maturity of the security, interest rate scenario etc. Depending upon prevailing market conditions & interest rate scenario, the portfolio duration and average maturity can be increased or decreased within the range of three to seven years. In case of a rising interest rate environment the duration/average maturity of the fund may be reduced whereas in a falling interest rate scenario the holding in medium/long securities may be maximized. The investment objective of the scheme is to generate income & capital appreciation through a portfolio constituted of medium term debt instruments & money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. November 11,2002 FUND MAGER Murthy Nagarajan (Managing Since 1-Apr-17 and overall experience of 2s) Crisil Composite Bond Fund Index V - Growth - Bonus Reg - Growth Reg - Dividend ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets Years 4.3s ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg % 7.80% Name of the Instrument Ratings Lakhs Debt Instruments Government Securities SDL Maharashtra 7.33% (13/09/2027) GOI % (22/06/2024) Non-Convertible Debentures/Bonds % Grasim Industries Ltd % Petronet Lng Ltd % Reliance Jio Infocomm Ltd % Power Finance Corporation % Reliance Ports & Terminals Ltd % HDFC Ltd % India Infradebt Ltd % Andhra Bank % Rural Electrification Corp. Ltd. Privately Placed/Unlisted % SBI Cards & Payment Services Pvt. Ltd % to V Name of the Instrument Repo Portfolio Total Cash / Net Current Asset Net Assets Ratings Lakhs % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Composite Bond Fund Index B Crisil Composite Bond Fund Index Total Value of AB CRISIL 10 Yr Gilt Index AB CRISIL 10 Yr Gilt Index 122, % 121, % 117, % 398, % 400, % 384, % 727, % 742, % 704, % 840,000 1,118, % 1,138, % 1,064, % 1,200,000 1,791, % 1,832, % 1,666, % 1,810,000 3,191, % 3,282, % 2,946, % (Inception date 11-Nov-2002) (First Installment date 01-Jan-2003) Composition by Ratings CRISIL- AA+ Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 17.80% 5.44% 9.57% 67.19% A1+ / AAA AA+ / AA Instrument Wise Composition 11.71% 6.09% 9.57% Cash & Cash Equivalents 72.63% NCD - Non Convertible Deb Government Securities State Development Loans Cash & Cash Equivalents Exit Load 1% of V if redeemed on or before expiry of 365 days from the date of allotment. Maturity Ladder Cash & Others 4.11% Abv 10 Yrs 0.00% 7-10 Yrs 17.16% 3-7 Yrs 43.53% 1-3 Yrs 11.29% 0-1 Yrs 23.91% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement Medium Term Fund - Reg - Growth Crisil Composite Bond Fund Index 100 Jan-15 Jan-16 Jan-17 Jan-18 23

24 Long Term Debt Fund (Erstwhile known as Income Fund; renamed w.e.f December 1, 2016) (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ An income scheme with exposure to rated debt instruments with medium to long term maturity. To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of safety and capital appreciation. April 28, 1997 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) Crisil Composite Bond Fund Index V - Growth Half Yearly Dividend Dir- Periodic Dividend Reg - Growth Reg - Half Yearly Dividend Reg- Dividend ( in Cr.) Name of the Instrument Debt Instruments Government Securities GOI % (17/09/2031) GOI % (25/05/2025) GOI % (08/01/2028) GOI % (15/05/2027) GOI % (19/12/2022) GOI % (19/03/2030) GOI % (26/12/2029) Non-Convertible Debentures/Bonds % Reliance Ports & Terminals Ltd % Reliance Utilities And Power Private Ltd % IOT Utkal Energy Services Ltd. Privately Placed/Unlisted % SBI Cards & Payment Services Pvt. Ltd. Ratings (SO) Lakhs % to V Name of the Instrument Repo Portfolio Total Cash / Net Current Asset Net Assets Ratings Lakhs % to V ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Modified Duration Average Maturity MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT Half Yearly Dividend Plan, Periodic Dividend Plan, rowth Plan, Bonus Plan 5,000/- and in multiples of Re. 1/- thereafter. Quarterly Dividend Plan 10,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load 1% if redeemed before expiry of 365 days from the date of allotment(w.e.f. 1st July, 2014) s 6.09 Years Gross Yield to Maturity (For Debt Component) 7.03% i. Including NCA* 7.45% ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg 49 SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Composite Bond Fund Index B Crisil Composite Bond Fund Index Total Value of AB CRISIL 10 Yr Gilt Index AB CRISIL 10 Yr Gilt Index 120, % 121, % 117, % 394, % 400, % 384, % 723, % 742, % 704, % 840,000 1,116, % 1,138, % 1,064, % 1,200,000 1,774, % 1,832, % 1,666, % 2,460,000 5,519, % 5,172, % 4,911, % (Inception date 28-Apr-1997) (First Installment date 01-Aug-1997) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 23.96% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 47.74% 3.48% 5.58% 28.30% 14.50% 19.81% A1+ / AAA Cash & Cash Equivalents 30.62% 26.01% 0.00% 10.00% 20.00% 30.00% 40.00% Instrument Wise Composition 23.96% V Movement % 28.30% NCD - Non Convertible Deb Government Securities Cash & Cash Equivalents Long Term Debt Fund - Reg - Growth Crisil Composite Bond Fund Index 100 Jan-15 Jan-16 Jan-17 Jan-18 24

25 Short Term Bond Fund (An Open-Ended Debt Scheme) [ICRA]AAAmfs rating by ICRA$ VOLATILITY MEASURES^ FUND A debt scheme that invests in short term debt instruments having high level of liquidity. To create a liquid portfolio of debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unitholders. August 8, 2002 FUND MAGER Murthy Nagarajan (Managing Since 1-Apr-17 and overall experience of 2s) Crisil Short Term Bond Fund Index V - Growth - Monthly Dividend -Dividend Reg - Growth Reg - Monthly Dividend Reg -Dividend ( in Cr.) ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL (w.e.f. 7th July, 2017) Modified Duration Average Maturity 1.66 Years 2.0s Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. 7.43% 7.65% Name of the Instrument Debt Instruments Government Securities GOI 7.35% (22/06/2024) GOI % (19/12/2022) SDL Gujarat 8.99% (14/03/2022) SDL Punjab 7.07% (28/12/2020) GOI % (21/09/2022) SDL Punjab 6.90% (11/01/2021) SDL Rajasthan Uday 8.15% (23/06/2021) SDL Rajasthan Uday 8.39% (15/03/2018) SDL Kerala 8.85% (18/07/2022) SDL Punjab 6.99% (13/10/2020) SDL Maharashtra 8.90% (19/12/2022) SDL Punjab 8.34% (06/10/2020) SDL Gujarat 7.77% (19/06/2023) SDL Tamilnadu 7.65% (06/12/2027) SDL Maharashtra 6.94% (23/08/2022) SDL Gujarat 7.21% (09/08/2027) GOI 8.20% (15/02/2022) SDL Maharashtra 7.33% (13/09/2027) GOI % (25/05/2025) GOI % (17/09/2031) GOI % (26/12/2029) GOI % (15/05/2027) GOI % (15/12/2023) GOI % (09/06/2020) Non-Convertible Debentures/Bonds % Nabard % Power Finance Corporation % Reliance Jio Infocomm Ltd % Rural Electrification Corp. Ltd % Nabha Power Ltd % Bajaj Finance Ltd % Gruh Finance Ltd % Reliance Jio Infocomm Ltd % Kotak Mahindra Investments Ltd % Reliance Jio Infocomm Ltd % HDFC Ltd % Hdb Financial Services Ltd % India Infradebt Ltd % Reliance Jio Infocomm Ltd % Reliance Ports & Terminals Ltd % Rural Electrification Corp. Ltd % Power Finance Corporation % Power Finance Corporation % LIC Housing Finance Ltd % HDFC Ltd % HDFC Ltd % LIC Housing Finance Ltd % Power Finance Corporation % Citicorp Finance Ltd % Kotak Mahindra Prime Ltd % Kotak Mahindra Investments Ltd % Rural Electrification Corp. Ltd % Kotak Mahindra Prime Ltd % LIC Housing Finance Ltd % Kotak Mahindra Investments Ltd % Kotak Mahindra Prime Ltd % Bajaj Finance Ltd % Reliance Industries Ltd. Ratings ICRA- AAA(SO) CARE- AAA Lakhs % to V Name of the Instrument Ratings Lakhs % Indian Railways Finance Corporation Ltd % Reliance Industries Ltd % HDFC Ltd % LIC Housing Finance Ltd % Rural Electrification Corp. Ltd % LIC Housing Finance Ltd % LIC Housing Finance Ltd % IDFC Bank Ltd % Nabha Power Ltd % Power Finance Corporation % LIC Housing Finance Ltd % LIC Housing Finance Ltd % IDFC Bank Ltd % LIC Housing Finance Ltd % Kotak Mahindra Prime Ltd % LIC Housing Finance Ltd % Hdb Financial Services Ltd % Orix Leasing & Financial Services India Ltd % LIC Housing Finance Ltd % Power Finance Corporation % Power Finance Corporation % LIC Housing Finance Ltd % HDFC Ltd % Iot Utkal Energy Services Ltd % Indian Railways Finance Corporation Ltd % Power Grid Corporation Of India Ltd % LIC Housing Finance Ltd % Reliance Jio Infocomm Ltd % Power Finance Corporation % LIC Housing Finance Ltd % India Infradebt Ltd % Ultratech Cement Ltd % Power Finance Corporation Privately Placed/Unlisted % Sbi Cards & Payment Services Pvt. Ltd % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd % Daimler Financial Services India Private Ltd % Sbi Cards & Payment Services Pvt. Ltd % Gruh Finance Ltd. Money Market Instruments Kotak Mahindra Bank - CD Axis Bank Ltd. - CD Axis Bank Ltd. - CD HDFC Ltd. - CP Power Finance Corporation - CP IDFC Bank Ltd. - CD IDFC Bank Ltd. - CD ICICI Bank Ltd. - CD HDFC Bank Ltd. - CD Axis Bank Ltd. - CD Kotak Mahindra Investments Ltd. - CP ICICI Bank Ltd. - CD CBLO Repo Portfolio Total Cash / Net Current Asset Net Assets ICRA- AAA ICRA- AAA(so) ICRA- AAA FITCH AAA (so) CARE- A SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Short Term Bond Fund Index B Crisil Short Term Bond Fund Index Total Value of AB CRISIL 1 Yr T-Bill Index AB CRISIL 1 Yr T-Bill Index (Inception date 08-Aug-2002) (First Installment date 01-Sep-2002) 122, % 123, % 123, % 398, % 401, % 396, % 728, % 735, % 715, % 840,000 1,123, % 1,130, % 1,081, % 1,200,000 1,827, % 1,831, % 1,701, % 1,850,000 3,577, % 3,484, % 3,093, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings Instrument Wise Composition 8.84% 8.84% NCD - Non Convertible Deb 15.56% A1+ / AAA 8.80% Government Securities 75.60% 10.69% Cash & Cash Equivalents 3.59% 61.32% 6.76% Commercial Papers Certificate Of Deposit State Development Loans Cash & Cash Equivalents % to V Maturity Ladder Cash & Others 3.07% Abv 10 Yrs 0.14% 7-10 Yrs 1.25% 3-7 Yrs 18.95% 1-3 Yrs 42.73% 0-1 Yrs 33.86% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement Short Term Bond Fund - Reg - Growth Crisil Short Term Bond Fund Index 100 Jan-15 Jan-16 Jan-17 Jan-18 25

26 Corporate Bond Fund (An Open-Ended Debt Scheme) (Erstwhile known as Treasury Manager Fund; renamed w.e.f March 17, 2017) The Scheme endeavors to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum. The Scheme will seek opportunities across the credit curve and will endeavor to take benefit from superior yield available from time to time. The investment objective of the scheme is to generate returns over short to medium term by investing predominantly in corporate debt instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn't assure or guarantee any returns. July 13,2007 FUND MAGER Amit Somani (Managing Since 21-May-14 and overall experience of 16 years) Crisil Short Term Bond Fund Index V - Growth - Monthly Dividend - Weekly Dividend - Daily Dividend Reg - Growth Reg - Monthly Dividend Reg - Weekly Dividend Reg - Daily Dividend Name of the Instrument Ratings % to Name of the Instrument Ratings Lakhs V Lakhs Debt Instruments Privately Placed/Unlisted Non-convertible Debentures/bonds % Vizag General Cargo CRISIL- AA(so) % Mahindra Rural Housing CRISIL- AA Berth Pvt. Ltd. Finance Ltd % SBI Cards & Payment % Piramal Enterprises Ltd. ICRA- AA Services Pvt. Ltd % Nabard % Daimler Financial Services % Indiabulls Housing India Private Ltd. Finance Ltd. Money Market Instruments % Power Company Ltd. CRISIL- AA Steel Authority Of India Ltd. - CP CARE- A % IL & FS Financial Ser Ltd. CARE- AAA Indus Towers Ltd. - CP % J.M. Financial Products Ltd. CRISIL- AA Indiabulls Housing Finance Ltd. - CP % Trent Ltd. CARE- AA HDFC Ltd. - CP % Power Company Ltd. CRISIL- AA IL & FS Financial Ser Ltd. - CP % Talwandi Sabo Power Ltd. CRISIL- AA(so) EXIM - CP % Capital Financial CRISIL- AA Services Ltd. Repo % BARD Portfolio Total % Nabha Power Ltd. ICRA- AAA(so) Cash / Net Current Asset % Reliance Jio Infocomm Ltd Net Assets % Power Finance Corporation % to V ( in Cr.) ( in Cr.) VOLATILITY MEASURES^ FUND Modified Duration Average Maturity ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable Years 1.14 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.54% 7.74% SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Short Term Bond Fund Index B Crisil Short Term Bond Fund Index Total Value of AB CRISIL 1 Yr T-Bill Index AB CRISIL 1 Yr T-Bill Index 123, % 123, % 123, % (Inception date 13-Jul-2007) (First Installment date 01-Aug-2007) Composition by Ratings 9.38% 399, % 401, % 396, % 725, % 735, % 715, % Instrument Wise Composition 840,000 1,112, % 1,130, % 1,081, % 1,200,000 1,806, % 1,831, % 1,701, % 1,260,000 1,938, % 1,964, % 1,815, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 8.80% 8.80% 27.28% 45.74% A1+ / AAA AA+ / AA AA- Db Cash & Cash Equivalents 22.77% 9.38% 67.85% NCD - Non Convertible Deb Commercial Papers Cash & Cash Equivalents Exit Load Nil Maturity Ladder V Movement Cash & Others 2.62% Abv 5 Yrs 1.77% 3-5 Yrs 0.00% 2-3 Yrs 14.07% 1-2 Yrs 36.98% 6-12 Mths 10.60% 3-6 Mths 4.43% 1-3 Mths 22.77% 0-1 Mths 6.77% 0.00% 10.00% 20.00% 30.00% 40.00% Corporate Bond Fund - Reg - Growth Crisil Short Term Bond Fund Index 100 Jan-15 Jan-16 Jan-17 Jan-18 26

27 Ultra Short Term Fund (An Open-Ended Debt Scheme) (Erstwhile known as Floater Fund; renamed w.e.f March 17, 2017) [ICRA]AAAmfs rating by ICRA$ The Scheme will invest in various money market and fixed income securities with objective of providing liquidity and generating reasonable returns with lower interest rate risk. The average maturity of the portfolio shall be between three months to one year. The investment objective of the scheme is to generate regular income & capital appreciation by investing in a portfolio of debt & money market instruments with relatively lower interest rate risk. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. September 06,2005 FUND MAGER Akhil Mittal (Managing Since 26-Jun-14 and overall experience of 1s) Crisil Liquid Fund Index V - Growth - Dividend - Weekly Div - Daily Dividend Reg - Growth Reg - Dividend Reg - Weekly Div Reg - Daily Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. Name of the Instrument Debt Instruments Government Securities SDL Rajasthan Uday 8.39% (15/03/2018) Non-Convertible Debentures/Bonds % Indiabulls Housing Finance Ltd % Capital Financial Services Ltd % Power Finance Corporation % Power Finance Corporation % HDFC Ltd % Rural Electrification Corp. Ltd % Kotak Mahindra Investments Ltd % Motors Finance Ltd % BARD % BARD % BARD % Capital Housing Finance Ltd % Citicorp Finance Ltd % Piramal Enterprises Ltd % LIC Housing Finance Ltd % Orix Leasing & Financial Services India Ltd % Kotak Mahindra Prime Ltd % Kotak Mahindra Prime Ltd % Shriram Trans. Fin. Co. Ltd % Reliance Utilities And Power Private Ltd % Reliance Jio Infocomm Ltd % HDFC Ltd % Reliance Jio Infocomm Ltd % Power Finance Corporation % LIC Housing Finance Ltd % Power Company Ltd % Reliance Utilities And Power Private Ltd % LIC Housing Finance Ltd % Reliance Utilities And Power Private Ltd % Reliance Utilities And Power Private Ltd % Reliance Utilities And Power Private Ltd % Reliance Utilities And Power Private Ltd. Privately Placed/Unlisted % Mahindra Vehicle Manufacturers Ltd % Vodafone Mobile Services Ltd % Gruh Finance Ltd % Daimler Financial Services India Private Ltd. Ratings CRISIL- AA+ CRISIL- AA CRISIL- AA+ ICRA- AA FITCH AAA CRISIL- AA+ CARE- AAA CRISIL- AA- ICRA- AAA CRISIL- AA Lakhs % to V Name of the Instrument % Daimler Financial Services India Private Ltd. Money Market Instruments BARD - CD HDFC Bank Ltd. - CD Axis Bank Ltd. - CD ICICI Bank Ltd. - CD Steel Authority Of India Ltd. - CP Indus Towers Ltd. - CP HDFC Credila Financial Services Pvt Ltd. - CP J.M. Financial Products Ltd. - CP HDFC Ltd. - CP Power Finance Corporation - CP Dewan Housing Fin Corporation Ltd. - CP Axis Bank Ltd. - CD IL & FS Financial Ser Ltd. - CP HDFC Bank Ltd. - CD Small Indust Devlop Bank Of India - CD IL & FS Financial Ser Ltd. - CP Small Indust Devlop Bank Of India - CD Axis Bank Ltd. - CD Indusind Bank Ltd. - CD ICICI Bank Ltd. - CD ICICI Bank Ltd. - CD Axis Bank Ltd. - CD Kotak Mahindra Investments Ltd. - CP Indusind Bank Ltd. - CD Yes Bank Ltd. - CD Yes Bank Ltd. - CD ICICI Bank Ltd. - CD IL&FS Securities Services Ltd. - CP Barclays Investments & Loans (india) Ltd. - CP Kotak Mahindra Prime Ltd. - CP Axis Bank Ltd. - CD HDFC Bank Ltd. - CD ICICI Bank Ltd. - CD CBLO Repo Portfolio Total Net Current Liabilities Net Assets Ratings CARE- A1+ CARE- A1+ CARE- A1+ CARE- A1+ Lakhs % to V VOLATILITY MEASURES^ FUND MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL Modified Duration Average Maturity 7.11 Months 7.96 Months Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.35% 7.46% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer Pg 49 SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB CRISIL 1 Yr T-Bill Index AB CRISIL 1 Yr T-Bill Index (Inception date 06-Sep-2005) (First Installment date 01-Oct-2005) Composition by Ratings 0.54% 2.43% 1.09% 9.95% Maturity Ladder 7 Year 10 Year 840,000 1,200,000 1,480, , , ,551 1,129,599 1,841,479 2,517, % 7.38% 7.97% 8.32% 8.29% 8.24% 124, , ,664 1,112,132 1,790,522 2,420, % 7.02% 7.59% 7.88% 7.76% 7.65% 123, , ,576 1,081,579 1,701,519 2,259, % 6.44% 6.98% 7.10% 6.79% 6.60% Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Cash & Others -0.53% Abv 5 Yrs 3-5 Yrs 2-3 Yrs 1-2 Yrs 6-12 Mths 3-6 Mths 1-3 Mths 0-1 Mths 0.32% 0.96% 1.19% 85.99% A1+ / AAA AA+ / AA AA- Cash & Cash Equivalents 20.37% 22.77% 25.39% 20.06% 9.48% -4.00% 7.00% 18.00% 29.00% 40.00% Instrument Wise Composition 32.22% 20.34% V Movement % 2.43% 43.92% NCD - Non Convertible Deb Commercial Papers Certificate Of Deposit State Development Loans Cash & Cash Equivalents Ultra Short Term Fund - Reg - Growth Crisil Liquid Fund Index 100 Jan-15 Jan-16 Jan-17 Jan-18 27

28 Money Market Fund (An Open-Ended Debt Scheme) [ICRA]A1+mfs rating by ICRA$ To create a highly liquid portfolio of money market instruments so as to provide reasonable returns and high liquidity to the unitholders. Amit Somani (Managing Since 16-Oct-13 and overall experience of 16 years) Crisil Liquid Fund Index VOLATILITY MEASURES^ FUND Modified Duration Average Maturity A money market scheme (liquid fund category) that invests 100% of its net assets in Money market securities. September 01,2004 FUND MAGER V - Growth - Daily Dividend Reg - Growth Reg - Daily Dividend ( in Cr.) ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes Borrowing cost of 0.04 in regular plan and 0.04 in plan and also excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities Months 1.17 Months Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg % 6.56% Name of the Instrument Debt Instruments Money Market Instruments Treasury Bill 91 Days (26/04/2018) Small Indust Devlop Bank Of India - CP Reliance Jio Infocomm Ltd. - CP Axis Bank Ltd. - CD Indiabulls Housing Finance Ltd. - CP Bandhan Bank Ltd. - CD Treasury Bill 91 Days (08/02/2018) BARD - CP Treasury Bill 91 Days (15/03/2018) Kotak Securities Ltd. - CP IL&FS Ltd. - CP Steel Authority Of India Ltd. - CP IDFC Bank Ltd. - CD PNB Housing Finance Ltd. - CP Gruh Finance Ltd. - CP Century Textiles & Industries Ltd. - CP PNB Housing Finance Ltd. - CP Treasury Bill 312 Days (16/03/2018) IL & FS Financial Ser Ltd. - CP Bajaj Finance Ltd. - CP IL & FS Financial Ser Ltd. - CP HDFC Ltd. - CP Treasury Bill 91 Days (22/02/2018) Axis Bank Ltd. - CD Ujjivan Small Finance Bank Ltd. - CD Nabha Power Ltd. - CP Dewan Housing Fin Corporation Ltd. - CP India Infoline Ltd. - CP Yes Bank Ltd. - CD IDFC Bank Ltd. - CD IL&FS Securities Services Ltd. - CP Vedanta Ltd. - CP Vedanta Ltd. - CP Ratings CBLO Repo Portfolio Total Cash / Net Current Asset Net Assets SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB CRISIL 1 Yr T-Bill Index AB CRISIL 1 Yr T-Bill Index (Inception date 01-Sep-2004) (First Installment date 01-Oct-2004) Composition by Ratings 12.25% CARE- A1+ % to Name of the Instrument Ratings Lakhs V 124, % 124, % 123, % 400, % 400, % 397, % Kotak Mahindra Bank - CD Indusind Bank Ltd. - CD Yes Bank Ltd. - CD HDFC Ltd. - CP Hindustan Media Ventures Ltd. - CP Treasury Bill 91 Days (01/03/2018) Raymond Ltd. - CP Deepak Fert.& Petrochem. Corp Ltd. - CP Indian Railways Finance Corporation Ltd. - CP Steel Authority Of India Ltd. - CP CARE- A1+ Vijaya Bank - CD CARE- A1+ Fedbank Financial Services Ltd. - CP Treasury Bill 91 Days (15/02/2018) HDFC Ltd. - CP HDFC Bank Ltd. - CD CARE- A1+ Treasury Bill 182 Days (22/02/2018) Axis Bank Ltd. - CD BARD - CP BARD - CP Treasury Bill 329 Days (12/03/2018) Fedbank Financial Services Ltd. - CP Treasury Bill 317 Days (15/03/2018) Treasury Bill 91 Days (01/02/2018) Treasury Bill 91 Days (08/03/2018) Treasury Bill 91 Days (05/04/2018) Fixed Deposit RBL Bank Ltd. Yes Bank Ltd. 728, % 726, % 715, % Instrument Wise Composition 840,000 1,119, % 1,112, % 1,081, % 1,200,000 1,817, % 1,790, % 1,701, % Lakhs % to V , 2,793, % 2,716, % 2,518, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer A1+ / AAA 12.25% 17.56% Treasury Bills Entry Load Not Applicable Exit Load Nil 17.56% 70.19% Cash & Cash Equivalents 19.02% Commercial Papers Certificate Of Deposit Cash & Cash Equivalents 51.17% Maturity Ladder Cash & Others 0.55% 2-3 Mths 10.88% 1-2 Mths 45.87% Abv Days 27.15% Abv 7-15 Days 7.47% 1-7 Days 8.08% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% V Movement Money Market Fund - Reg - Growth Crisil Liquid Fund Index Jan-15 Jan-16 Jan-17 Jan-18 28

29 Liquid Fund (An Open-Ended Liquid Scheme) A high liquidity income scheme that aims to generate reasonable returns. To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders. May 22, 2003 FUND MAGER Amit Somani (Managing Since 16-Oct-13 and overall experience of 16 years) Crisil Liquid Fund Index V - Growth - Daily Dividend Reg - Growth Reg - Daily Dividend ( in Cr.) ( in Cr.) VOLATILITY MEASURES^ FUND **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes Borrowing cost of 0.31 in regular plan and 0.30 in plan and also excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Ni l Modified Duration Average Maturity 0.99 Months 0.99 Months Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg % 6.53% [ICRA]A1+mfs rating by ICRA$ Name of the Instrument Ratings Lakhs Debt Instruments Money Market Instruments Treasury Bill 91 Days (01/03/2018) Nabha Power Ltd. - CP Treasury Bill 182 Days (22/02/2018) PNB Housing Finance Ltd. - CP HDFC Bank Ltd. - CD BARD - CP Bajaj Finance Ltd. - CP IL & FS Financial Ser Ltd. - CP Treasury Bill 91 Days (22/02/2018) Gruh Finance Ltd. - CP Steel Authority Of India Ltd. - CP India Infoline Ltd. - CP Indusind Bank Ltd. - CD Vedanta Ltd. - CP Treasury Bill 91 Days (15/02/2018) Deepak Fert.& Petrochem. Corp Ltd. - CP Julius Baer Capital Ind Pvt Ltd. - CP IL&FS Securities Services Ltd. - CP Treasury Bill 91 Days (29/03/2018) Treasury Bill 364 Days (29/03/2018) JM Financial Capital Ltd. - CP Steel Authority Of India Ltd. - CP Steel Authority Of India Ltd. - CP Tv18 Broadcast Ltd. - CP Indusind Bank Ltd. - CD CARE- A1+ CARE- A1+ CARE- A1+ CARE- A EXIM - CP Treasury Bill 91 Days (19/04/2018) Fixed Deposit Yes Bank Ltd. RBL Bank Ltd. CBLO Repo Portfolio Total Cash / Net Current Asset Net Assets % to V SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B Crisil Liquid Fund Index B Crisil Liquid Fund Index Total Value of AB CRISIL 1 Yr T-Bill Index AB CRISIL 1 Yr T-Bill Index 124, % 124, % 123, % 400, % 400, % 397, % 727, % 726, % 715, % 840,000 1,116, % 1,112, % 1,081, % 1,200,000 1,812, % 1,790, % 1,701, % 1,760,000 3,220, % 3,129, % 2,879, % (Inception date 22-May-2003) (First Installment date 01-Jun-2003) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 22.13% 20.95% 56.92% A1+ / AAA % to V Cash & Cash Equivalents Name of the Instrument Ratings Lakhs Instrument Wise Composition 8.89% 20.95% 48.03% 22.13% Treasury Bills Commercial Papers Certificate Of Deposit Cash & Cash Equivalents Maturity Ladder Cash & Others 2.87% 2-3 Mths 2.77% 1-2 Mths 28.51% Abv Days 57.32% Abv 7-15 Days 1.44% 1-7 Days 7.09% 0.00% 14.00% 28.00% 42.00% 56.00% 70.00% V Movement 130 Liquid Fund - Reg - Growth Crisil Liquid Fund Index Jan-15 Jan-16 Jan-17 Jan-18 29

30 Gilt Securities Fund (An Open-Ended Debt Scheme investing predominantly in Government Securities) A debt scheme that invests in Government securities to generate reasonable returns emphasising the importance of captial preservation. To generate risk-free return and thus provide medium to long term capital gains and income distribution to its Unitholders, while at all times emphasising the importance of capital preservation. Name of the Instrument Ratings Lakhs Debt Instruments Government Securities GOI % (17/09/2031) SDL Tamilnadu 7.65% (06/12/2027) GOI % (05/12/2033) GOI % (22/04/2020) GOI % (13/07/2019) % to V Name of the Instrument Repo Portfolio Total Cash / Net Current Asset Net Assets Ratings Lakhs % to V September 6, 1999 FUND MAGER Naresh Kumar (Managing Since 1-Apr-17 and overall experience of 5.6 years) I-Sec Composite Index V - Growth - Dividend Reg -Growth Reg -Dividend ( in Cr.) ( in Cr.) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Modified Duration Average Maturity 6.6s Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.25% 7.38% 0.50% of V if redeemed on or before expiry of 180 days from the date of allotment. SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB CRISIL 10 Yr Gilt Index AB CRISIL 10 Yr Gilt Index 118, % 121, % 117, % 389, % 399, % 384, % 723, % 741, % 704, % 840,000 1,119, % 1,145, % 1,064, % 1,200,000 1,780, % 1,863, % 1,666, % 2,200,000 4,589, % 4,774, % 4,100, % (Inception date 06-Sep-1999) (First Installment date 01-Oct-1999) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 19.77% 80.23% Cash & Cash Equivalents Instrument Wise Composition 8.33% 19.77% 71.90% Government Securities State Development Loans Cash & Cash Equivalents Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 10.72% 8.33% 0.00% 0.11% 9.05% 71.79% 0.00% 20.00% 40.00% 60.00% 80.00% V Movement Gilt Securities Fund - Reg - Growth I-Sec Composite Index Jan-15 Jan-16 Jan-17 Jan-18 30

31 Gilt Mid Term Fund (An Open-Ended Debt Scheme investing predominantly in Government Securities) A debt scheme that invests in Government securities to generate returns. Under normal circumstances the average portfolio maturity shall not exceed 1s. To provide reasonable returns and high liquidity to the Unitholders by investing predominantly in Government Securities having residual maturity upto 1s. However, there can be no assurance that the investment objective of the scheme will be realized. June 24, 2010 FUND MAGER Naresh Kumar (Managing Since 1-Apr-17 and overall experience of 5.6 years) I-Sec Composite Index V - Growth - Dividend Reg - Growth Reg - Dividend # Name of the Instrument Debt Instruments Government Securities GOI % (21/09/2027) GOI % (14/05/2022) GOI % (15/02/2027) GOI % (20/05/2023) SDL Maharashtra 8.94% (23/07/2024) SDL Tamilnadu 8.27% (13/01/2026) GOI % (15/12/2023) SDL Tamilnadu 8.13% (14/01/2025) GOI % (22/06/2024) SDL Karnataka 7.27% (28/12/2026) SDL Tamilnadu 8.06% (25/02/2025) SDL Maharashtra 8.44% (26/11/2024) SDL Tamilnadu 7.23% (14/06/2027) Ratings Lakhs % to V Name of the Instrument Repo Portfolio Total Cash / Net Current Asset Net Assets Ratings Lakhs % to V # Plans are available for subscription under all open ended schemes of Mutual Fund w.e.f 1st January Separate V will be calculated & published for respective option(s) of the Plan upon initial subscription ( in Cr.) ( in Cr.) VOLATILITY MEASURES^ FUND **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable Modified Duration Average Maturity 4.86 Years 6.70 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets 7.38% 7.53% ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load NIL SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B I-Sec Composite Index B I-Sec Composite Index Total Value of AB CRISIL 10 Yr Gilt Index AB CRISIL 10 Yr Gilt Index 120, % 121, % 117, % 392, % 399, % 384, % 730, % 741, % 704, % 840,000 1,139, % 1,145, % 1,064, % 910,000 1,267, % 1,274, % 1,175, % (Inception date 24-Jun-2010) (First Installment date 01-Jul-2010) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 5.29% 94.71% Cash & Cash Equivalents Instrument Wise Composition 12.15% 5.29% 82.56% Government Securities State Development Loans Cash & Cash Equivalents Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 1.94% 0.00% 0.00% 3.35% 45.47% 49.24% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% V Movement 130 Gilt Mid Term Fund - Reg - Growth I-Sec Composite Index Jan-15 Jan-16 Jan-17 Jan-18 31

32 Retirement Savings Fund - Progressive (An Open-Ended Equity Scheme) VOLATILITY MEASURES^ FUND Sharpe Ratio A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 1, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) S&P BSE Sensex V - Growth Reg - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) % 46.72% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load (A) If redeemed/switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. (B) In case of Auto switch-out of units on occurrence of Auto-switch trigger event - Nil. (C) For Redemption or switch-out of units in other cases (i.e. switch out other than auto switch-out on trigger event & redemption/ switch-out before the attainment of retirement age i.e. 60years) following exit load will be applicable(i) If redeemed / Switched out on or before expiry of s from the date of allotment - 3% of the applicable V. (ii)if edeemed / Switched out after s from the date of allotment - 1 % of the applicable V. Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Escorts Ltd. Ashok Leyland Ltd. Bajaj Auto Ltd. Auto Ancillaries Ceat Ltd. Banks Yes Bank Ltd. Kotak Mahindra Bank Ltd. HDFC Bank Ltd. Cement Dalmia Bharat Ltd. Construction Somany Ceramics Ltd. Construction Project Larsen & Toubro Ltd. Voltas Ltd. Engineers India Ltd. Consumer Durables Bata India Ltd. Consumer Non Durables Hindustan Unilever Ltd. Global Beverages Ltd. Jubilant Foodworks Ltd. Heritage Foods Ltd. Radico Khaitan Ltd. Finance Housing Development Finance Ltd. Max Financial Services Ltd. Ujjivan Financial Services Ltd. ICICI Prudential Life Insurance Company Ltd. Central Depository Services (India) Ltd. Muthoot Finance Ltd. Bajaj Finance Ltd. No. of Shares SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jan 31, 2018 () Returns Total Value of B S&P BSE Sensex B S&P BSE Sensex (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Top 10 Holdings Equity Issuer Name Yes Bank Ltd. Larsen & Toubro Ltd. HDFC Ltd. Maruti Suzuki India Ltd. Power Grid Corporation Of India Ltd. Future Retail Ltd. Kotak Mahindra Bank Hindustan Unilever Ltd. HDFC Bank Ltd. Finolex Cables Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap Lakhs % of Assets % to V Gas Gail ( India ) Ltd. Petronet Lng Ltd. Industrial Products Finolex Cables Ltd. Media & Entertainment Sun Tv Network Ltd. Zee Entertainment Enterprises Ltd. Petroleum Products Indian Oil Corporation Ltd. Pharmaceuticals Piramal Enterprises Ltd. (Ccd 18Mths) Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Future Consumer Ltd. Avenue Supermarts Ltd. Software Elxsi Ltd. Majesco Ltd. Info Edge (India) Ltd. Telecom - Services Bharti Airtel Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Gujarat Pipavav Port Ltd. Other Equities^ Repo Portfolio Total Cash / Net Current Asset Net Assets No. of Shares ^ Exposure less than 1% has been clubbed under Other Equities Industry Allocation V Movement Lakhs % of Assets Year 10 Year 740, , ,716 1,055,934 1,438, % 23.33% 22.77% 21.39% 138, , ,457 1,140, % 16.38% 14.01% 13.86% Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered For scheme performance refer pages *B Benchmark Source MFI Explorer 57.88% 37.46% 4.67% Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). Finance Banks Consumer Non Durables Auto Construction Project Retailing Media & Entertainment Software Industrial Products Cement Power Gas Transportation Textile Products Consumer Durables Auto Ancillaries Telecom - Services Pharmaceuticals Construction Petroleum Products % 9.80% 9.56% 7.91% 6.39% 4.69% 4.69% 4.27% 3.62% 3.01% 2.93% 2.87% 2.26% 1.94% 1.91% 1.53% 1.25% 1.12% 1.04% 13.79% 0.00% 5.00% 10.00% 15.00% Retirement Savings Fund - Progressive Plan - Reg S&P BSE Sensex 70 Jan-15 Jan-16 Jan-17 Jan-18 32

33 Retirement Savings Fund - Moderate (An Open-Ended Equity Scheme) VOLATILITY MEASURES^ FUND Sharpe Ratio A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 1, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) CRISIL Hybrid Aggressive Index V - Growth Reg - Growth ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) 25.34% Portfolio Turnover (Equity component only) 25.34% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees.The above ratio includes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load (A) If redeemed/switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. (B) In case of Auto switch-out of units on occurrence of Auto-switch trigger event - Nil. (C) For Redemption or switch-out of units in other cases (i.e. switch out other than auto switch-out on trigger event & redemption/ switch-out before the attainment of retirement age i.e. 60 years) following exit load will be applicable (i) If redeemed / Switched out on or before expiry of 3 Years from the date of allotment - 3% of the applicable V. (ii)if redeemed / Switched out after s from the date of allotment - 1% of the applicable V. Equity & Equity Related Total Auto Maruti Suzuki India Ltd. Ashok Leyland Ltd. Escorts Ltd. Bajaj Auto Ltd. Auto Ancillaries Ceat Ltd. Banks Yes Bank Ltd. HDFC Bank Ltd. Kotak Mahindra Bank Ltd. Cement Dalmia Bharat Ltd. Construction Project Larsen & Toubro Ltd. Voltas Ltd. Engineers India Ltd. Consumer Durables Bata India Ltd. Consumer Non Durables Hindustan Unilever Ltd. Jubilant Foodworks Ltd. Global Beverages Ltd. Heritage Foods Ltd. Radico Khaitan Ltd. Finance Housing Development Finance Ltd. Max Financial Services Ltd. Ujjivan Financial Services Ltd. No. of Shares Lakhs ICICI Prudential Life Insurance Company Ltd Muthoot Finance Ltd Central Depository Services (India) Ltd SIP - If you had invested INR every month Total Amount Invested () Total Value as on Jan 31, 2018 () 134,606 Returns 23.24% Total Value of B CRISIL Hybrid Aggressive Index 131,635 B CRISIL Hybrid Aggressive Index 18.39% Total Value of AB S&P BSE Sensex 138,332 AB S&P BSE Sensex 29.39% (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Top 10 Holdings Equity Issuer Name Yes Bank Ltd. Larsen & Toubro Ltd. HDFC Ltd. Maruti Suzuki India Ltd. Power Grid Corporation Of India Ltd. Future Retail Ltd. HDFC Bank Ltd. Kotak Mahindra Bank Hindustan Unilever Ltd. Finolex Cables Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap % of Assets CBLO Repo Portfolio Total Net Current Liabilities Net Assets No. of Shares Lakhs % of Assets Year 10 Year % to V , % 450, % 458, % Gas Gail ( India ) Ltd. Industrial Products Finolex Cables Ltd. Media & Entertainment Sun Tv Network Ltd. Zee Entertainment Enterprises Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Retail Ltd. Future Consumer Ltd. Software Elxsi Ltd. Majesco Ltd. Telecom - Services Bharti Airtel Ltd. Textile Products Raymond Ltd. Transportation Container Corporation Of India Ltd. Other Equities^ Industry Allocation V Movement Name of the Instrument Ratings Lakhs Debt Instruments Government Securities GOI % (28/07/2024) ^ Exposure less than 1% has been clubbed under Other Equities 1,030, % 868, % 852, % % to V ,000 1,420, % 1,165, % 1,140, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer 58.36% 36.93% 4.70% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). Finance Banks Auto Consumer Non Durables Construction Project Retailing Software Media & Entertainment Industrial Products Cement Power Gas Transportation Consumer Durables Textile Products Auto Ancillaries Telecom - Services Petroleum Products Pharmaceuticals Construction % 7.76% 7.72% 6.52% 4.71% 3.90% 3.87% 3.34% 3.04% 2.53% 2.38% 2.09% 1.71% 1.67% 1.61% 1.21% 0.85% 0.81% 0.76% 11.05% 0.00% 5.00% 10.00% 15.00% Retirement Savings Fund - Moderate Plan - Reg CRISIL Hybrid Aggressive Index 80 Jan-15 Jan-16 Jan-17 Jan-18 33

34 Retirement Savings Fund - Conservative (An Open-Ended Debt Scheme) **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND A Fund that aims to provide an investment tool for retirement planning to suit the risk profile of the investor. To provide a financial planning tool for long term financial security for investors based on their retirement planning goals. However, there can be no assurance that the investment objective of the fund will be realized, as actual market movements may be at variance with anticipated trends. November 01, 2011 FUND MAGER Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) & Murthy Nagarajan (Managing since 1-Apr-17 and overall experience of 21 years) (Debt) CRISIL Hybrid Conservative Index V - Growth Reg - Growth ( in Cr.) ( in Cr.) MINIMUM INVESTMENT/ MULTIPLES FOR NEW INVESTMENT 5,000/- and in multiples of Re. 1/- thereafter. ADDITIOL INVESTMENT/ MULTIPLES FOR EXISTING INVESTORS 1,000/- and multiples of Re. 1/- thereafter. Entry Load Not Applicable Exit Load Modified Duration Average Maturity 3.77 Years 5.32 Years Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg % 7.18% (A) For Redemption or switch out of units before the attainment of retirement i.e. 60 years (i) If redeemed on or before expiry of s from the date of allotment - 3%. (ii) If redeemed after s from the date of allotment - 1%. (B) For Redemption or switch out of units on or after attainment of retirement age i.e. 60 years NIL (C) In case of Auto switch-out of units on occurrence of Auto-switch trigger event NIL. Equity & Equity Related Total Banks Yes Bank Ltd. Construction Project Larsen & Toubro Ltd. Finance Housing Development Finance Ltd. Other Equities^ No. of Shares SIP - If you had invested INR every month Lakhs % of Assets Name of the Instrument Repo Portfolio Total Cash / Net Current Asset Net Assets Year 10 Year Total Amount Invested () 740,000 Total Value as on Jan 31, 2018 () 125, , ,439 1,057,234 Returns 8.96% 10.83% 11.62% 11.43% Total Value of B CRISIL Hybrid Conservative Index 123, , ,588 1,009,948 B CRISIL Hybrid Conservative Index 5.79% 8.90% 9.94% 9.96% Total Value of AB CRISIL 10 Yr Gilt Index 117, , , ,640 AB CRISIL 10 Yr Gilt Index -4.43% 4.28% 6.34% 6.57% (Inception date 01-Nov-2011) (First Installment date 01-Dec-2011) Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark, AB Additional Benchmark Source MFI Explorer Composition by Ratings 16.42% 45.96% Maturity Ladder Cash & Others Abv 10 Yrs 7-10 Yrs 3-7 Yrs 1-3 Yrs 0-1 Yrs 0.00% 3.86% 8.15% 29.47% 19.84% 19.63% 26.44% A1+ / AAA Equity Cash & Cash Equivalents 30.24% 0.00% 10.00% 20.00% 30.00% 40.00% Debt Instruments Government Securities GOI % (19/12/2022) GOI % (15/02/2027) GOI % (15/05/2027) GOI % (28/07/2024) GOI % (24/09/2025) GOI % (11/04/2021) GOI % (19/12/2034) SDL Maharashtra 8.44% (26/11/2024) Non-Convertible Debentures/Bonds % Food Corporation Of India Ltd % Power Finance Corporation Money Market Instruments Axis Bank Ltd. - CD Instrument Wise Composition Ratings (so) ^ Exposure less than 1% has been clubbed under Other Equities 2.80% 0.43% 0.38% 16.42% 43.16% 29.04% 7.77% Lakhs Equity Shares NCD - Non Convertible Deb Government Securities Certificate Of Deposit State Development Loans % to V V Movement Retirement Savings Fund - Reg - Conservative Plan 140 CRISIL Hybrid Conservative Index Jan-15 Jan-16 Jan-17 Jan Compulsory Convertible Debenture Cash & Cash Equivalents 34

35 Young Citizens Fund (An Open-Ended Balanced Scheme) A balanced scheme that aims to invest its debt portion in quality debt papers / government securities of long term maturity. While equity portfolio invests in high quality companies to create long term wealth for the investor. To provide long term capital growth along with steady capital appreciation to its unitholders, while at all times emphasising the importance of capital preservation. October 14, 1995 FUND MAGER Akhil Mittal (Managing Since 30-Jul-15 and overall experience of 1s) (Debt) & Sonam Udasi (Managing Since 1-Apr-16 and overall experience of 20 years) (Equity) CRISIL Hybrid Aggressive Index V Reg ( in Cr.) ( in Cr.) TURN OVER Portfolio Turnover (Total) Portfolio Turnover (Equity component only) 52.50% 15.93% **Note The rates specified are the actual weighted average expenses charged for the month of Jan The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, proportionate charge (out of maximum 30 bps on daily average net assets allowed) in respect sales beyond T-15 cities assets, wherever applicable. VOLATILITY MEASURES^ FUND Sharpe Ratio Modified Duration Average Maturity Gross Yield to Maturity (For Debt Component) i. Including NCA* ii. Excluding NCA* Years 5.02 Years *NCA - Net Current Assets ^Risk-free rate based on the FBIL Overnight MIBOR rate of 6% as on Jan 31, 2018 For calculation methodology please refer to Pg 49 MINIMUM INVESTMENT/ MUL TIPLES FOR NEW INVESTMENT 500/- and in multiples of 500/- thereafter. ADDITIOL INVESTMENT/ MUL TIPLES FOR EXISTING INVESTORS 500/- and in multiples of 500/- thereafter. Entry Load Not Applicable Exit Load Compulsory Lock-in Option 3% if redeemed on or before expiry of s from the date of allotment. (This load will be applicable when the lock-in period expires before s from the date of allotment). Anytime Exit Option If child attains majority after 7 years from the date of allotment If redeemed on or before expiry of s from the date of allotment 3% If redeemed after s but on or before 7 years from the date of allotment 2% If redeemed after 7 years but before child attains majority 1% No load after the child attains majority If child attains majority before 7 years from the date of allotment If redeemed on or before expiry of s from the date of allotment 3% If redeemed after s but on or before 7 years from the date of allotment 2% If redeemed after 7 years Nil. 7.19% 7.56% No. of Shares Lakhs Equity & Equity Related Total Auto Maruti Suzuki India Ltd Bajaj Auto Ltd Escorts Ltd Hero Motocorp Ltd Auto Ancillaries Ceat Ltd Banks Yes Bank Ltd HDFC Bank Ltd Construction Project Engineers India Ltd Voltas Ltd Consumer Non Durables ITC Ltd P & G Hygiene & Health Care Ltd Finance Muthoot Finance Ltd Max Financial Services Ltd Gas Gail ( India ) Ltd Hotels, Resort And Other Recreational Activities Wonderla Holidays Ltd. Industrial Products Finolex Cables Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Power Power Grid Corporation Of India Ltd. Retailing Future Consumer Ltd. Future Retail Ltd. Textile Products Raymond Ltd % of Assets Ratings Lakhs SIP - If you had invested INR every month 7 Year 10 Year Total Amount Invested () Total Value as on Jan 31, 2018 () 129,251 Returns 14.55% Total Value of B CRISIL Hybrid Aggressive Index 131,635 B CRISIL Hybrid Aggressive Index 18.39% Total Value of AB CRISIL 10 Yr Gilt Index 117,094 AB CRISIL 10 Yr Gilt Index -4.44% (Inception date 14-Oct-1995) (First Installment date 01-Feb-1996) 432, % 450, % 384, % 836, % 868, % 704, % 840,000 1,327, % 1,381, % 1,063, % 1,200,000 2,267, % 2,336, % 1,666, % % to V 2,640,000 13,834, % 12,722, % 5,474, % Past performance may or may not be sustained in the future. Returns greater than period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. For scheme performance refer pages *B Benchmark Source MFI Explorer Top 10 Holdings Equity Issuer Name Yes Bank Ltd. Maruti Suzuki India Ltd. Finolex Cables Ltd. Raymond Ltd. Container Corporation Of India Ltd. Bajaj Auto Ltd. Future Consumer Ltd. Ceat Ltd. Future Retail Ltd. ITC Ltd. Total Market Capitalisation wise Exposure Large Cap Mid Cap Small Cap % to V % 38.16% 6.96% "Market Capitalisation includes only domestic listed Equity exposure in BSE. Large Cap Companies are top 125 stocks by market capitalisation on S&P BSE 500 Index and Mid Cap stocks are those between 126 to 499 stocks by market capitalisation and 500 & above being classified as Small cap. For calculation purpose, the previous month market capitalisation data have been used. All the figures has been rebased to 100 (Based on internal calculation). No. of Shares Lakhs Transportation Container Corporation Of India Ltd. Other Equities^ Name of the Instrument Debt Instruments Government Securities GOI % (21/09/2027) GOI % (11/04/2021) GOI % (15/02/2027) GOI % (22/06/2024) GOI % (24/09/2025) GOI % (15/02/2022) GOI % (09/06/2020) Non-Convertible Debentures/Bonds % Reliance Jio Infocomm Ltd % Rural Electrification Corp. Ltd % EXIM % National Highways Authority Of India % India Infradebt Ltd % Power Grid Corporation Of India Ltd % NHPC Ltd. Privately Placed/Unlisted % SBI Cards & Payment Services Pvt. Ltd. Repo Portfolio Total Cash / Net Current Asset Net Assets Industry Allocation V Movement ^ Exposure less than 1% has been clubbed under Other Equities Auto Banks Consumer Non Durables Retailing Finance Industrial Products Textile Products Transportation Construction Project Auto Ancillaries Gas Media & Entertainment Hotels, Resort And Other Recreational Power Software Cement Petroleum Products % 2.75% 2.54% 2.45% 2.45% 2.00% 1.83% 1.64% 1.49% 1.02% 0.70% 0.51% 0.47% 5.53% 4.81% Young Citizens Fund - Reg CRISIL Hybrid Aggressive Index % % of Assets % 0.00% 5.00% 10.00% 80 Jan-15 Jan-16 Jan-17 Jan-18 35

36 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Akhil Mittal Dynamic Bond Fund I-Sec Composite Index* Ultra Short Term Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # 2.77% 6.77% 8.89% 6.90% Inception date 3-Sep-03 10,277 12,176 15,311 26, % 7.73% 8.51% 7.34% 10,273 12,509 15,047 27, % 6.24% 6.36% 5.36% 9,757 11,995 13,616 21,233 Managing since 26-Jun % 7.88% 8.44% 8.00% Inception date 6-Sep-05 10,668 12,562 15,002 25, % 7.39% 8.10% 7.34% 10,668 12,391 14,761 24, % 6.97% 7.05% 6.18% 10,565 12,246 14,058 21,038 Managing since 26-Jun-14 Long Term Debt Fund Crisil Composite Bond Fund Index* Young Citizens Fund CRISIL Hybrid Aggressive Index* 2.55% 6.61% 8.07% 8.25% Inception date 28-Apr-97 10,255 12,120 14,743 51, % 7.97% 8.50% 10,317 12,593 15,038 Lumpsum Performance of schemes managed by Amit Somani -2.43% 6.24% 6.36% 9,757 11,995 13,616 Managing since 26-Jun % 9.20% 12.65% 13.28% Inception date 14-Oct-95 (Manages debt portfolio) 11,870 13,028 18, , % 10.27% 13.53% 12,104 13,415 18, % 6.24% 6.36% 9,757 11,995 13,616 Managing since 30-Jul-15 Corporate Bond Fund Crisil Short Term Bond Fund Index* Crisil 1 Yr T-Bill Index # Money Market Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # 6.05% 7.40% 7.99% 7.99% \ Inception date 13-Jul-07 10,605 12,392 14,689 22, % 7.88% 8.53% 8.01% 10,538 12,562 15,062 22, % 6.97% 7.05% 6.32% 10,565 12,246 14,058 19,100 Managing since 21-May % 7.49% 8.18% 7.66% Inception date 01-Sep-04 10,667 12,424 14,822 26, % 7.40% 8.10% 7.13% 10,668 12,392 14,761 25, % 6.97% 7.05% 6.07% 10,565 12,244 14,058 22,068 Managing since 16-Oct-13 Liquid Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # 6.65% 7.45% 8.11% 7.35% Inception date 22-May-03 10,665 12,409 14,771 28, % 7.40% 8.10% 6.85% 10,668 12,392 14,761 26, % 6.97% 7.05% 5.90% 10,565 12,244 14,058 23,236 Managing since 16-Oct-13 Lumpsum Performance of schemes managed by Gopal Agrawal Large Cap Fund S&P BSE Sensex* 27.10% 9.43% 15.06% 21.69% Inception date 07-May-98 12,710 13,110 20, , % 7.20% 12.56% 11.66% 13,004 12,324 18,077 88,371 Managing since 27-Jun-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 36

37 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Murthy Nagarajan Balanced Fund CRISIL Hybrid Aggressive Index* S&P BSE Sensex # Retirement Savings Fund - Progressive Plan S&P BSE Sensex* 16.88% 8.49% 16.76% 16.30% Inception date 8-Oct-95 (Manages debt portfolio) 11,688 12,776 21, , % 10.27% 13.53% 12,104 13,415 18, % 7.20% 12.56% 10.86% 13,004 12,324 18,077 99,948 Managing since 01-Apr % 15.46% 19.92% 18.98% Inception date 1-Nov-11 (Manages debt portfolio) 13,864 15,405 24,813 29, % 7.20% 12.56% 12.23% 13,004 12,324 18,077 20,574 Managing since 01-Apr-17 Medium Term Fund Crisil Composite Bond Fund Index* Retirement Savings Fund - Conservative Plan CRISIL Hybrid Conservative Index* 3.86% 6.83% 8.03% 6.63% Inception date 11-Nov-02 10,386 12,196 14,720 26, % 7.97% 8.50% 6.79% 10,317 12,593 15,038 27, % 6.24% 6.36% 6.06% 9,757 11,995 13,616 24,513 Managing since 01-Apr % 9.50% 11.39% 10.93% Inception date 1-Nov-11 (Manages debt portfolio) 11,176 13,137 17,153 19, % 8.57% 9.72% 9.92% 10,708 12,804 15,904 18, % 6.24% 6.36% 7.50% 9,757 11,995 13,616 15,724 Managing since 01-Apr-17 Saving Equity Fund 6.02% 4.71% 6.62% 7.33% Inception date 27-Apr-00 (Manages debt portfolio) 10,602 11,485 13,781 35,155 Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%)* 12.82% 7.51% 9.78% 11,282 12,431 15,951 S&P BSE Sensex # 30.04% 7.20% 12.56% 12.16% 13,004 12,324 18,077 76,854 Managing since 01-Apr % 7.34% 8.36% 7.77% Inception date 8-Aug-02 Short Term Bond Fund 10,510 12,371 14,945 31,896 Crisil Short Term Bond Fund Index* 5.38% 7.88% 8.53% 7.14% 10,538 12,562 15,062 29,116 Crisil 1 Yr T-Bill Index # 5.65% 6.97% 7.05% 5.94% 10,565 12,246 14,058 24,460 Managing since 01-Apr-17 Retirement Savings Fund - Moderate Plan CRISIL Hybrid Aggressive Index* S&P BSE Sensex # 30.99% 14.37% 20.41% 19.27% Inception date 1-Nov-11 (Manages debt portfolio) 13,099 14,972 25,327 30, % 10.27% 13.53% 13.37% 12,104 13,415 18,871 21, % 7.20% 12.56% 12.23% 13,004 12,324 18,077 20,574 Managing since 01-Apr-17 Lumpsum Performance of schemes managed by Naresh Kumar Gilt Mid Term Fund I-Sec Composite Index* Gilt Securities Fund I-Sec Composite Index* 1.52% 6.65% 8.88% 8.42% Inception date 24-Jun-10 10,152 12,134 15,304 18, % 7.73% 8.51% 8.45% 10,273 12,509 15,047 18, % 6.24% 6.36% 6.25% 9,757 11,995 13,616 15,864 Managing since 01-Apr % 6.03% 8.28% 9.01% Inception date 6-Sep-99 10,078 11,926 14,888 48, % 7.73% 8.51% 10,273 12,509 15, % 6.24% 6.36% 9,757 11,995 13,616 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 37

38 SCHEME PERFORMANCE Lumpsum Performance of Open Ended Schemes Lumpsum Performance of schemes managed by Pradeep Gokhale Balanced Fund $ CRISIL Hybrid Aggressive Index* S&P BSE Sensex # Ethical Fund Nifty 500 Shariah* Nifty 50 # 16.88% 8.49% 16.76% 16.30% Inception date 8-Oct-95 (Manages equity portfolio) 11,688 12,776 21, , % 10.27% 13.53% 12,104 13,415 18, % 7.20% 12.56% 10.86% 13,004 12,324 18,077 99,948 Managing since 01-Apr-16 Banking And Financial Services Fund 34.71% 29.90% Inception date 28-Dec-15 13,471 17,302 Nifty Financial Services* Nifty 50 # 42.24% 25.35% 14,224 16, % 17.07% 12,881 13,915 Managing since 28-Dec % 8.85% 17.07% 16.81% Inception date 24-May-96 12,870 12,901 21, , % 13.76% 18.26% 13,605 14,732 23, % 7.76% 12.81% 11.28% 12,881 12,519 18, ,635 Managing since 02-Jan % 0.08% 0.17% 0.13% Inception date 04-Oct-10 Offshore India Sharia Scheme 12,824 12,745 22,288 24,089 Nifty 50 Shariah* Nifty 50 # 0.33% 0.11% 0.15% 0.09% 13,337 13,587 19,869 19, % 0.08% 0.13% 0.08% 12,881 12,519 18,274 17,904 Managing since 01-Jan-12 Digital India Fund S&P BSE IT* S&P BSE Sensex # 40.79% 11.40% Inception date 28-Dec-15 14,079 12,539 Note $ Pradeep Gokhale is the co-fund manager 30.99% 6.12% 13,099 11,327 Lumpsum Performance of schemes managed by Rupesh Patel 30.04% 16.67% 13,004 13,815 Managing since 28-Dec-15 Dividend Yield Fund Nifty 500* Nifty 50 # 23.09% 10.90% 16.18% 17.06% Inception date 22-Nov-04 12,309 13,648 21,178 79, % 10.59% 15.12% 14.68% 13,142 13,532 20,224 61, % 7.76% 12.81% 14.37% 12,881 12,519 18,274 58,866 Managing since 07-Jun % -5.02% Inception date 28-Dec-15 India Pharma And Healthcare Fund $ Nifty Pharma* Nifty 50 # 10,426 8, % % 9,168 7, % 17.07% 12,881 13,915 Managing since 28-Dec-15 Equity Opportunities Fund 24.92% 10.86% 18.18% 12.89% Inception date 25-Feb-93 12,492 13,633 23, ,803 S&P BSE 200* S&P BSE Sensex # 30.02% 9.72% 14.34% 11.68% 13,002 13,216 19, , % 7.20% 12.56% 10.78% 13,004 12,324 18, ,476 Managing since 07-Jun % 15.72% 21.23% 20.32% Inception date 31-Mar-96 India Tax Savings Fund 13,423 15,509 26, ,329 S&P BSE Sensex* 30.04% 7.20% 12.56% 11.45% 13,004 12,324 18, ,829 Managing since 01-Apr-15 India Consumer Fund $ Nifty India Consumption* Nifty 50 # Infrastructure Fund Nifty 500* Nifty 50 # 58.64% 31.47% Inception date 28-Dec-15 15,864 17, % 17.23% 13,177 13, % 17.07% Managing since 28-Dec % 11.83% 16.74% 15.03% Inception date 31-Dec-04 Note $ Rupesh Patel is the co-fund manager Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 12,881 13,915 13,085 13,993 21,692 62, % 10.59% 15.12% 13.70% 13,142 13,532 20,224 53, % 7.76% 12.81% 13.58% 12,881 12,519 18,274 53,005 Managing since 01-Jan-14 38

39 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Rupesh Patel (contd.) Mid Cap Growth Fund Nifty Free Float Midcap 100* Nifty 50 # Offshore India Infrastructure Scheme S&P BSE Sensex* 31.77% 13.27% 24.84% 12.92% Inception date 01-Jul-94 13,177 14,541 30, , % 16.53% 19.96% 13,485 15,837 24, % 7.76% 12.81% 9.62% 12,881 12,519 18,274 87,379 Managing since 27-Jun % 13.15% 18.66% 13.43% Inception date 01-Aug-08 13,227 14,497 23,532 33, % 7.20% 12.56% 9.90% 13,004 12,324 18,077 24,538 Managing since 01-Jan-14 Resources & Energy Fund Nifty Commodities* Nifty 50 # Offshore India Opportunities Scheme S&P BSE Sensex* 21.23% 25.05% Inception date 28-Dec-15 12,123 15, % 28.79% 12,353 16, % 17.07% 12,881 13,915 Managing since 28-Dec % 9.89% 16.06% 14.53% Inception date 26-Jul-05 12,535 13,276 21,067 54, % 7.20% 12.56% 13.27% 13,004 12,324 18,077 47,618 Managing since 01-Apr-16 Lumpsum Performance of schemes managed by Sonam Udasi Banking And Financial Services Fund Nifty Financial Services* Nifty 50 # Index Fund - Sensex Plan S&P BSE Sensex* 34.71% 29.90% Inception date 28-Dec-15 13,471 17, % 25.35% 14,224 16, % 17.07% 12,881 13,915 Managing since 01-Apr % 7.49% 12.60% 16.84% Inception date 25-Feb-03 13,026 12,423 18, , % 7.20% 12.56% 17.38% 13,004 12,324 18, ,585 Managing since 01-Apr-16 Digital India Fund S&P BSE IT* S&P BSE Sensex # 40.79% 11.40% Inception date 28-Dec-15 14,079 12, % 6.12% 13,099 11, % 16.67% 13,004 13,815 Managing since 01-Apr % 31.47% Inception date 28-Dec-15 (Manages equity portfolio) India Consumer Fund Nifty India Consumption* Nifty 50 # 15,864 17, % 17.23% 13,177 13, % 17.07% 12,881 13,915 Managing since 01-Apr-16 Equity P/E Fund S&P BSE Sensex* India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # 33.32% 16.40% 23.05% 21.58% Inception date 29-Jun-04 13,332 15,785 28, , % 7.20% 12.56% 15.89% 13,004 12,324 18,077 74,287 Managing since 01-Apr-16 Period 4.26% -5.02% Inception date 28-Dec-15 10,426 8, % % 9,168 7, % 17.07% 12,881 13,915 Managing since 01-Apr-16 Index Fund - Nifty Plan Nifty 50* Saving Equity Fund Nifty 50 Index (35%),Nifty 50 Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%)* S&P BSE Sensex # 28.98% 12, % 12, % 10, % 11, % 13, % 12, % 12, % 11, % 12, % 12, % 18, % 18, % 13, % 15, % 18, % 106, % 104, % 35, % 76,854 Inception date 25-Feb-03 Managing since 01-Apr-16 Inception date 27-Apr-00 Managing since 01-Apr-16 (Manages equity portfolio) Note $ Sonam Udasi is the co-fund manager Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 39

40 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Sonam Udasi (contd.) Resources & Energy Fund Nifty Commodities* Nifty 50 # Retirement Savings Fund - Conservative Plan CRISIL Hybrid Conservative Index* 21.23% 25.05% Inception date 28-Dec-15 12,123 15, % 28.79% 12,353 16, % 17.07% 12,881 13,915 Managing since 01-Apr-16 Period 11.76% 9.50% 11.39% 10.93% Inception date 01-Nov-11 (Manages equity portfolio) 11,176 13,137 17,153 19, % 8.57% 9.72% 9.92% 10,708 12,804 15,904 18, % 6.24% 6.36% 7.50% 9,757 11,995 13,616 15,724 Managing since 01-Apr-16 Period 30.99% 14.37% 20.41% 19.27% Inception date 01-Nov-11 Manages equity portfolio Retirement Savings Fund - Moderate Plan 13,099 14,972 25,327 30,116 CRISIL Hybrid Aggressive Index* 21.04% 10.27% 13.53% 13.37% 12,104 13,415 18,871 21,920 S&P BSE Sensex # 30.04% 7.20% 12.56% 12.23% 13,004 12,324 18,077 20,574 Managing since 01-Apr-16 Period Young Citizens Fund 18.70% 9.20% 12.65% 13.28% Inception date 14-Oct-95 11,870 13,028 18, ,732 CRISIL Hybrid Aggressive Index* 21.04% 10.27% 13.53% 12,104 13,415 18, % 6.24% 6.36% 9,757 11,995 13,616 Managing since 01-Apr-16 Retirement Savings Fund - Progressive Plan S&P BSE Sensex* 38.64% 15.46% 19.92% 18.98% Inception date 01-Nov-11 13,864 15,405 24,813 29, % 7.20% 12.56% 12.23% 13,004 12,324 18,077 20,574 Managing since 01-Apr-16 Lumpsum Performance of schemes co-managed by Danesh Mistry Mid Cap Growth Fund $ Nifty Free Float Midcap 100* Nifty 50 # Offshore India Opportunities Scheme S&P BSE Sensex* 31.77% 13.27% 24.84% 12.92% Inception date 01-Jul-94 13,177 14,541 30, , % 16.53% 19.96% 13,485 15,837 24, % 7.76% 12.81% 9.62% 12,881 12,519 18,274 87,379 Managing since 01-Apr % 9.89% 16.06% 14.53% Inception date 26-Jul-05 12,535 13,276 21,067 54, % 7.20% 12.56% 13.27% 13,004 12,324 18,077 47,618 Managing since 1-Apr-16 Note $ Danesh Mistry is the assistant fund manager Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 40

41 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Akhil Mittal Period Amt. Invested 1,720,000 Inception date 3-Sep-03 Dynamic Bond Fund I-Sec Composite Index* Crisil 10 Yr Gilt Index # 1.54% 120, % 121, % 117, % 395, % 399, % 384, % 731, % 741, % 704, % 3,032, % 3,205, % 2,743,548 First Installment date 1-Oct-03 Managing since 26-Jun-14 Ultra Short Term Fund Crisil Liquid Fund Index* Crisil 1 Yr T-Bill Index # Period Amt. Invested 1,480, % 7.38% 7.97% 8.24% 123, , ,551 2,517, % 7.02% 7.59% 7.65% 124, , ,664 2,420, % 6.44% 6.98% 6.60% 123, , ,576 2,259,177 Inception date 6-Sep-05 First Installment date 1-Oct-05 Managing since 26-Jun-14 Long Term Debt Fund Crisil Composite Bond Fund Index* Young Citizens Fund CRISIL Hybrid Aggressive Index* Period Amt. Invested Period Amt. Invested 1.40% 120, % 121, % 117, % 129, % 131, % 117, % 394, % 400, % 384, % 432, % 450, % 384, % 723, % 742, % 704, % 836, % 868, % 704,234 2,460,000 Inception date 28-Apr % 5,519, % 5,172, % 4,911,872 First Installment date 1-Aug-97 Managing since 26-Jun-14 2,640,000 Inception date 14-Oct % 13,834, % 12,722, % 5,474,115 First Installment date 1-Feb-96 Managing since 30-Jul-15 SIP Performance of schemes managed by Amit Somani Crisil Short Term Bond Crisil Crisil Corporate Bond Fund Fund Index* 1 Yr T-Bill Index # Money Market Fund Liquid Fund Index* Crisil 1 Yr T-Bill Index # Period Amt. Invested Period Amt. Invested 1,260, % 6.88% 7.52% 7.94% 123, , ,339 1,938, % 7.17% 8.06% 8.17% 123, , ,271 1,964, % 6.44% 6.98% 6.75% 123, , ,576 1,815,288 1, 6.63% 7.09% 7.66% 7.96% 124, , ,055 2,793, % 7.02% 7.59% 7.57% 124, , ,775 2,716, % 6.45% 6.98% 6.52% 123, , ,690 2,518,557 Inception date 13-Jul-07 First Installment date 1-Aug-07 Managing since 21-May-14 Inception date 1-Sep-04 First Installment date 1-Oct-04 Managing since 16-Oct-13 Period Amt. Invested 1,760,000 Inception date 22-May-03 Crisil Crisil Liquid Fund Liquid Fund Index* 1 Yr T-Bill Index # 6.61% 124, % 124, % 123, % 400, % 400, % 397, % 727, % 726, % 715, % 3,220, % 3,129, % 2,879,617 First Installment date 1-Jun-03 Managing since 16-Oct-13 SIP Performance of schemes managed by Gopal Agrawal Period Amt. Invested 2, Inception date 07-May-98 Large Cap Fund S&P BSE Sensex* 24.34% 135, % 138, % 456, % 458, % 894, % 852, % 22,325, % 10,929,370 First Installment date 01-Jun-98 Managing since 27-Jun-17 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 41

42 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Danesh Mistry Period Amt. Invested 2,830,000 Inception date 1-Jul-94 Nifty Free Mid Cap Growth Fund Float Midcap 100* Nifty 50 # 23.41% 134, % 137, % 136, % 475, % 504, % 458, % 1,108, % 1,083, % 862, % 21,515, % 18,800, % 11,858,969 First Installment date 1-Jul-94 Managing since 1-Apr-16 SIP Performance of schemes managed by Pradeep Gokhale Balanced Fund CRISIL Hybrid S&P BSE Sensex Aggressive Index* # Digital India Fund S&P BSE IT* S&P BSE Sensex # Period Amt. Invested Period Amt. Invested 2,640, % 11.56% 15.73% 17.76% 129, , ,375 26,270, % 15.07% 14.78% 12.54% 131, , ,937 12,722, % 16.38% 14.01% 13.09% 138, , ,634 13,726, , % 25.12% 155, , % 17.78% 147, , % 22.89% 138, ,964 Inception date 8-Oct-95 First Installment date 1-Feb-96 Managing since 1-Apr-16 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Banking And Nifty Financial Services Fund Financial Services* Nifty 50 # Period Amt. Invested 250, % 27.95% 130, , % 33.11% 142, , % 22.37% 136, ,407 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Period Amt. Invested 2,570,000 Inception date 24-May-96 Ethical Fund Nifty 500 Shariah* Nifty 50 # 25.47% 135, % 440, % 894, % 28,424, % 138, % 486, % 970, % 6,978, % 136, % 458, % 862, % 13,100,431 First Installment date 1-Sep-96 Managing since 2-Jan-12 SIP Performance of schemes managed by Naresh Kumar Gilt Mid Term Fund I-Sec Composite Index* Gilt Securities Fund I-Sec Composite Index* Period Amt. Invested Period Amt. Invested 0.74% 120, % 121, % 117, % 118, % 121, % 117, % 392, % 399, % 384, % 389, % 399, % 384, % 730, % 741, % 704, % 723, % 741, % 704, , % 1,267, % 1,274, % 1,175,389 2,200, % 4,589, % 4,774, % 4,100,092 Inception date 24-Jun-10 First Installment date 1-Jul-10 Managing since 1-Apr-17 Inception date 6-Sep-99 First Installment date 1-Oct-99 Managing since 1-Apr-17 SIP Performance of schemes managed by Murthy Nagarajan Balanced Fund CRISIL Hybrid Crisil Composite Bond S&P BSE Sensex Aggressive Index* # Medium Term Fund Fund Index* Period Amt. Invested Period Amt. Invested 2,640, % 11.56% 15.73% 17.76% 129, , ,375 26,270, % 15.07% 14.78% 12.54% 131, , ,937 12,722, % 16.38% 14.01% 13.09% 138, , ,634 13,726,935 1,810, % 6.65% 7.65% 7.13% 122, , ,775 3,191, % 7.03% 8.43% 7.47% 121, , ,150 3,282, % 4.28% 6.34% 6.16% 117, , ,264 2,946,184 Inception date 8-Oct-95 First Installment date 1-Feb-96 Managing since 1-Apr-17 Inception date 11-Nov-02 First Installment date 1-Jan-03 Managing since 1-Apr-17 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 42

43 SCHEME PERFORMANCE SIP Performance of Open Ended Schemes SIP Performance of schemes managed by Murthy Nagarajan (contd.) Nifty 50 Index (35%),Nifty 50 Retirement Savings CRISIL Hybrid Arbitrage Index (30%), Crisil Short Saving Equity Fund S&P BSE Sensex # Term Bond Fund Index (35%)* Fund - Conservative Plan Conservative Index* Period Amt. Invested Period Amt. Invested 2,130, % 6.12% 6.65% 6.76% 122, , ,692 4,035, % 9.89% 9.91% 3.85% 127, , ,980 3,039, % 16.37% 14% 14.22% 138, , ,224 8,716, , % 10.83% 11.62% 11.43% 125, , ,439 1,057, % 8.90% 9.94% 9.96% 123, , ,588 1,009, % 4.28% 6.34% 6.57% 117, , , ,640 Inception date 27-Apr-00 First Installment date 1-May-00 Managing since 1-Apr-17 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 Retirement Savings CRISIL Hybrid Fund - Moderate Plan Aggressive Index* S&P BSE Sensex # Period Amt. Invested 740, % 19.77% 21.77% 20.97% 134, ,298 1,030,661 1,420, % 15.07% 14.78% 14.56% 131, , ,808 1,165, % 16.38% 14.01% 13.86% 138, , ,457 1,140,217 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 Period Amt. Invested 1,850,000 Inception date 8-Aug-02 Short Term Bond Fund Crisil Short Term Bond Fund Index* Crisil 1 Yr T-Bill Index # 4.32% 122, % 123, % 123, % 398, % 401, % 396, % 728, % 735, % 715, % 3,577, % 3,484, % 3,093,853 First Installment date 1-Sep-02 Managing since 1-Apr-17 Retirement Savings Fund - Progressive Plan S&P BSE Sensex* Period Amt. Invested 740, % 23.33% 22.77% 21.39% 137, ,716 1,055,934 1,438, % 16.38% 14.01% 13.86% 138, , ,457 1,140,217 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-17 SIP Performance of schemes managed by Rupesh Patel Dividend Yield Fund Nifty 500* Nifty 50 # India Consumer Fund Nifty India Consumption* Nifty 50 # Period Amt. Invested Period Amt. Invested 18.43% 131, % 137, % 136, % 147, % 136, % 136, % 454, % 474, % 458, % 925, % 926, % 862,486 1,580,000 Inception date 22-Nov % 4,821, % 3,876, % 3,633,007 First Installment date 1-Dec-04 Managing since 7-Jun ,000 Inception date 28-Dec % 369, % 315, % 313,407 First Installment date 1-Jan-16 Managing since 28-Dec-15 Period Amt. Invested 2,990,000 Inception date 25-Feb-93 Equity Opportunities Fund S&P BSE 200* S&P BSE Sensex # 23.74% 134, % 136, % 138, % 459, % 468, % 458, % 950, % 905, % 852, % 38,992, % 20,514, % 16,895,266 First Installment date 1-Mar-93 Managing since 7-Jun-13 India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # Period Amt. Invested 250, % -1.39% 123, , % -9.65% 116, , % 22.37% 136, ,407 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 28-Dec-15 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 43

44 SCHEME PERFORMANCE SIP Performance of schemes managed by Rupesh Patel (contd.) India Tax Savings Fund S&P BSE Sensex* Period Amt. Invested 2,590, % 21.54% 22.79% 20.85% 137, ,367 1,056,357 37,416, % 16.38% 14.01% 13.22% 138, , ,634 13,198,332 Inception date 31-Mar-96 First Installment date 1-Jul-96 Managing since 1-Apr-15 Period Amt. Invested 2,830,000 Inception date 01-Jul-94 Nifty Free Mid Cap Growth Fund Float Midcap 100* Nifty 50 # 23.41% 134, % 137, % 136, % 475, % 504, % 458, % 1,108, % 1,083, % 862, % 21,515, % 18,800, % 11,858,969 First Installment date 01-Jul-94 Managing since 27-Jun-17 Infrastructure Fund Nifty 500* Nifty 50 # Resources & Energy Fund Nifty Commodities* Nifty 50 # Period Amt. Invested Period Amt. Invested 27.35% 137, % 137, % 136, % 131, % 134, % 136, % 483, % 474, % 458, % 1,005, % 926, % 862,486 1,560,000 Inception date 31-Dec % 3,604, % 3,764, % 3,524,662 First Installment date 1-Feb-05 Managing since 1-Jan ,000 Inception date 28-Dec % 315, % 331, % 313,407 First Installment date 1-Jan-16 Managing since 28-Dec-15 SIP Performance of schemes managed by Sonam Udasi Banking And Financial Services Fund Nifty Financial Services* Nifty 50 # Period Amt. Invested 250, % 27.95% 130, , % 33.11% 142, , % 22.37% 136, ,407 Inception date 28-Dec-15 First Installment date 1-Jan-16 Managing since 1-Apr-16 Index Fund - Nifty Plan Nifty 50* Period Amt. Invested 1,780, % 16.48% 14.46% 13.26% 136, , ,976 5,175, % 16.40% 14.48% 13.21% 136, , ,486 5,156,934 Inception date 25-Feb-03 First Installment date 1-Apr-03 Managing since 1-Apr-16 Digital India Fund S&P BSE IT* S&P BSE Sensex # Index Fund - Sensex Plan S&P BSE Sensex* Period Amt. Invested Period Amt. Invested 58.98% 155, % 147, % 138, % 138, % 138, % 460, % 458, % 855, % 852, ,000 Inception date 28-Dec % 321, % 299, % 314,964 First Installment date 1-Jan-16 Managing since 1-Apr-16 1,780,000 Inception date 25-Feb % 4,960, % 5,145,390 First Installment date 1-Apr-03 Managing since 1-Apr-16 Equity P/E Fund S&P BSE Sensex* India Consumer Fund Nifty India Consumption* Nifty 50 # Period Amt. Invested Period Amt. Invested 25.32% 135, % 138, % 147, % 136, % 136, % 515, % 458, % 1,140, % 852,634 1,630,000 Inception date 29-Jun % 6,702, % 3,911,232 First Installment date 1-Jul-04 Managing since 1-Apr ,000 Inception date 28-Dec % 369, % 315, % 313,407 First Installment date 1-Jan-16 Managing since 1-Apr-16 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 44

45 SCHEME PERFORMANCE SIP Performance of schemes managed by Sonam Udasi (contd.) Period Amt. Invested 250,000 Inception date 28-Dec-15 India Pharma And Healthcare Fund Nifty Pharma* Nifty 50 # 5.75% 123, % 116, % 136, % 246, % 224, % 313,407 First Installment date 1-Jan-16 Managing since 1-Apr-16 Retirement Savings Fund - Progressive Plan S&P BSE Sensex* Period Amt. Invested 740, % 23.33% 22.77% 21.39% 137, ,716 1,055,934 1,438, % 16.38% 14.01% 13.86% 138, , ,457 1,140,217 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Period Amt. Invested 2,130,000 Inception date 27-Apr-00 Nifty 50 Index (35%),Nifty 50 Saving Equity Fund Arbitrage Index (30%), Crisil Short Term Bond Fund Index (35%)* S&P BSE Sensex # 4.43% 122, % 127, % 138, % 395, % 417, % 458, % 709, % 769, % 852, % 4,035, % 3,039, % 8,716,777 First Installment date 1-May-00 Managing since 1-Apr-16 Retirement Savings Fund - Conservative Plan CRISIL Hybrid Conservative Index* Crisil 10 Yr Gilt Index # Period Amt. Invested 740, % 10.83% 11.62% 11.43% 125, , ,439 1,057, % 8.90% 9.94% 9.96% 123, , ,588 1,009, % 4.28% 6.34% 6.57% 117, , , ,640 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Resources & Energy Fund Nifty Commodities* Nifty 50 # Young Citizens Fund CRISIL Hybrid Aggressive Index* Crisil 10 Yr Gilt Index # Period Amt. Invested Period Amt. Invested 18.51% 131, % 134, % 136, % 129, % 131, % 117, % 432, % 450, % 384, % 836, % 868, % 704, ,000 Inception date 28-Dec % 315, % 331, % 313,407 First Installment date 1-Jan-16 Managing since 1-Apr-16 2,640,000 Inception date 14-Oct % 13,834, % 12,722, % 5,474,115 First Installment date 1-Feb-96 Managing since 1-Apr-16 Retirement Savings CRISIL Hybrid Fund - Moderate Plan Aggressive Index* S&P BSE Sensex # Period Amt. Invested 740, % 19.77% 21.77% 20.97% 134, ,298 1,030,661 1,420, % 15.07% 14.78% 14.56% 131, , ,808 1,165, % 16.38% 14.01% 13.86% 138, , ,457 1,140,217 Inception date 1-Nov-11 First Installment date 1-Dec-11 Managing since 1-Apr-16 Note * Benchmark;# Additional benchmark; Amount invested denotes value of standard investment of 10,000 per month. Refer to page number 48 for disclaimer on scheme performance. 45

46 SCHEME PERFORMANCE Lumpsum Performance of Close Ended Schemes Lumpsum Performance of schemes managed by Akhil Mittal Dual Advantage Fund - Series 2 - Scheme C 9.34% 8.01% Inception date 05-Feb-15 10,934 12,590 CRISIL Hybrid Conservative Index* 7.08% 8.71% 10,708 12, % 6.26% 9,757 11,989 Managing since 01-Apr % 8.07% 8.38% Inception date 07-Mar-14 FMP - Series 46 - Scheme N 10,696 12,628 13,695 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.87% 10,317 12,593 14, % 6.24% 8.38% 9,757 11,995 13,693 Managing since 01-Apr-17 Dual Advantage Fund - Series 3 - Scheme A 8.89% 7.47% Inception date 26-Mar-15 10,889 12,284 CRISIL Hybrid Conservative Index* 7.08% 9.08% 10,708 12, % 6.39% 9,757 11,935 Managing since 01-Apr % 8.08% 8.34% Inception date 12-Mar-14 FMP - Series 46 - Scheme Q 10,700 12,630 13,659 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.78% 10,317 12,593 14, % 6.24% 8.21% 9,757 11,995 13,595 Managing since 01-Apr-17 FMP - Series 44 - Scheme D 7.03% 8.16% 8.43% Inception date 07-Oct-13 10,703 12,657 14,184 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.62% 10,317 12,593 14, % 6.24% 7.69% 9,757 11,995 13,772 Managing since 01-Apr % 8.11% 8.37% Inception date 20-Mar-14 FMP - Series 46 - Scheme R 10,704 12,642 13,649 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.79% 10,317 12,593 14, % 6.24% 8.38% 9,757 11,995 13,657 Managing since 01-Apr-17 FMP - Series 46 - Scheme D 6.88% 7.97% 8.27% Inception date 26-Dec-13 10,688 12,591 13,852 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.82% 10,317 12,593 14, % 6.24% 8.55% 9,757 11,995 13,998 Managing since 01-Apr % 8.12% 8.44% Inception date 24-Feb-14 FMP - Series 46 - Scheme T 10,703 12,646 13,757 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.92% 10,317 12,593 14, % 6.24% 8.52% 9,757 11,995 13,800 Managing since 01-Apr-17 FMP - Series 46 - Scheme K 6.85% 7.92% 8.30% Inception date 05-Feb-14 10,685 12,574 13,743 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.72% 10,317 12,593 14, % 6.24% 8.22% 9,757 11,995 13,707 Managing since 01-Apr % 8.15% 8.36% Inception date 26-Mar-14 FMP - Series 47 - Scheme C 10,704 12,654 13,625 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.71% 10,317 12,593 14, % 6.24% 8.32% 9,757 11,995 13,607 Managing since 01-Apr-17 FMP - Series 46 - Scheme M 7.08% 8.16% 8.46% Inception date 20-Feb-14 10,708 12,658 13,779 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.86% 10,317 12,593 14, % 6.24% 8.36% 9,757 11,995 13,729 Managing since 01-Apr % 8.09% 8.36% Inception date 28-Mar-14 FMP - Series 47 - Scheme D 10,703 12,635 13,619 Crisil Short Term Bond Fund Index* 3.17% 7.97% 9.70% 10,317 12,593 14, % 6.24% 8.35% 9,757 11,995 13,618 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 46

47 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Akhil Mittal (contd.) FMP - Series 47 - Scheme E 7.05% 8.12% 8.37% Inception date 10-Apr-14 10,705 12,643 13,587 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.94% 10,317 12,593 14, % 6.24% 8.70% 9,757 11,995 13,746 Managing since 01-Apr % 7.99% 8.27% Inception date 17-Apr-14 FMP - Series 47 - Scheme F 10,676 12,598 13,517 Crisil Short Term Bond Fund Index* 3.17% 7.97% 9.79% 10,317 12,593 14, % 6.24% 8.43% 9,757 11,995 13,595 Managing since 01-Apr % 8.19% 8.41% Inception date 30-Apr-14 FMP - Series 47 - Scheme H 10,693 12,670 13,548 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.64% 10,317 12,593 14, % 6.24% 8.38% 9,757 11,995 13,534 Managing since 01-Apr % 8.18% 8.38% Inception date 04-Apr-14 FMP - Series 47 - Scheme J 10,704 12,664 13,609 Crisil Composite Bond Fund Index* 3.17% 7.97% 9.96% 10,317 12,593 14, % 6.24% 8.81% 9,757 11,995 13,820 Managing since 01-Apr-17 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. 47

48 SCHEME PERFORMANCE Lumpsum Performance of schemes managed by Sonam Udasi Dual Advantage Fund - Series 2 - Scheme C CRISIL Hybrid Conservative Index* Dual Advantage Fund - Series 3 - Scheme A CRISIL Hybrid Conservative Index* Period 9.34% 8.01% Inception date 05-Feb-15 10,934 12, % 8.71% 10,708 12, % 6.26% 9,757 11,989 Managing since 01-Apr-16 Period 8.89% 7.47% Inception date 26-Mar-15 10,889 12, % 9.08% 10,708 12, % 6.39% 9,757 11,935 Managing since 01-Apr-16 Lumpsum Performance of schemes managed by Rupesh Patel Infrastructure Tax Saving Fund Nifty 500* Nifty 50 # 27.35% 9.27% 14.64% 12.35% Inception date 30-Mar-09 12,735 13,054 19,805 28, % 10.59% 15.12% 17.90% 13,142 13,532 20,224 42, % 7.76% 12.81% 15.95% 12,881 12,519 18,274 37,029 Managing since 01-Jan-14 Note * Benchmark;# Additional benchmark; Amount in rupees denotes Value of Standard Investment of 10,000. Refer to page number 48 for disclaimer on scheme performance. Disclaimer 1) Scheme returns in terms of CAGR are provided for past, s, s and since inception. 2) Point-to-point returns on a standard investment of 10,000/- are in addition to CAGR for the schemes. 3) Different plans shall have a different expense structure. The performance details provided herein are of regular plan. 4 ) stands for schemes in existence for more than but less than s 5) Period for which schemes performance has been provided is computed basis last day of the month - end preceding the date of advertisement. 6) Past performance may or may not be sustained in future. For computation of since inception returns the allotment V has been taken as (Except for TLF, TFF, TTMF & TMMF where V is taken as 1,000). *All payouts during the period have been reinvested in the units of the scheme at the then prevailing V. Load is not considered for computation of returns. While calculating returns dividend distribution tax is excluded. Schemes in existence for less than, performance details for the same are not provided. Mutual Fund Investments are subject to market risks, read all Scheme related documents carefully. - data are not available for the period 48

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

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

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

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

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

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

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