FACTSHEET February, 2017

Transcription

1 FACTSHEET February, 2017 Holi, a spring festival celebrated in India and Nepal, is known as the festival of colors or the festival of sharing love. This festival signifies the victory of good over evil, the arrival of spring, end of winter, and for many a festive day to meet others, play and laugh, forget and forgive and repair broken relationships. It is also celebrated as a thanksgiving for a good harvest. It is celebrated over two days on the full moon between the end of February and the middle of March in the Gregorian calendar. The first day is known as Holika Dahan or Chhoti Holi where people perform Holika Dahan with the belief to burn all their sins of the past year and get new blessings from Holika. The second day is known as Rangwali Holi, Dhuleti, Dhulandi or Dhulivandan where people play with colors, water, water balloons by dancing and singing. family wishes you a very Happy & Colourful Holi. (Source: wikipedia) 1

2 Types of Equity s There are different types of equity funds and each carries a unique purpose and functions differently. Last Month we learned about Growth s & Sector s. Let us know more about various other types of Equity s. (In continuation to the last classroom series published in Factsheet Jan 2017). s: These funds invest in the same pattern as popular stock market indices like CNX Nifty and S&P BSE Sensex. The value of the index fund varies in proportion to the benchmark index. This would vary as compared with the benchmark owing to a factor known as tracking error. ETF: Exchange traded funds or ETFs track a particular market index, such as the Nifty, or BSE Sensex. ETFs are listed on the stock market and traded throughout the day. The price moves up and down to reflect demand and supply, though it never varies significantly from the fund s NAV. Tax Saving s: These funds offer tax benefits to investors under the I-T Act, 1961, up to `1.5 lakh each financial year. International s: These are funds which invest in international securities which could be equity or debt. Predominantly such funds are suited for global diversification. Please feel free to share your feedback with us at connect@peerlessmf.co.in. 2

3 Fixed Income Market Commentary for the month of February 2017 He also remarked that the effects of demonetization were transient in nature and expected them to ear off soon. RBI reiterated its commitment to bringing inflation down towards 4% in a calibrated and durable manner while stating that the policy tenor had shifted from being accommodative to being neutral. Mr. Killol Pandya (Head Fixed Income) The governor also noted that global inflation was picking up and that clarity on the US fiscal policy would contribute to nuances of the domestic monetary policy. Our views and comments are as under; Liquidity :Market liquidity remained positive for most part of February. However, overnight rates remained volatile with CBLO rates ranging from about 6.50% to about 2.00%. Going forward, we expect the market liquidity to remain adequate. Inflation: CPI softened and printed at 3.17% (Vs 3.41% last month). This was than market expectations. On the other hand, WPI inflation continued to harden and printed at +5.25% (Vs +3.39% last month) and was considerably higher than market expectations. The IIP print swung back into negative territory and came in at 0.4% % (Vs +5.7% last month). This reading was a considerably than market expectations. However, IIP numbers are usually patchy and if we see persistently strong reading in IIP numbers it may hint at a revival in industrial activity in the economy. In conjunction with a relatively strong Q3 GDP growth of around 7% (Vs expectation of 6.4%), we may have cause to believe that our economy could gain strength and momentum in the coming quarters. As of now, we may retain our view that the CPI inflation trajectory is within RBIs comfort zone. INR: The INR saw a broadly appreciatory trend during the month against the USD. INR began the month at about 67.65(Vs USD) and ended the month at about Going ahead, the currency may continue to exhibit some volatility. FPI flows, the global trajectory of the USD and other major currencies may continue to cause volatility in the INR in the coming weeks. RBI announced its bi monthly policy on 8 th February and it may be worthwhile for us to state our views; Key takeaways; RBI kept Repo, Reverse Repo, CRR and other key rates unchanged. This step was against market expectations. RBI stated its April to Sept 2017 inflation range at about 4% to 4.5% and stated its Oct 17 to March 18 inflation range at about 4.5% to 5%. RBI held that it expects FY17 GVA to increase at about 6.9% and FY18 GVA to increase at about 7.4%. The Governor remarked that the focus of the budget on economic revival while keeping the fiscal deficit under control was a good signal for the economy. The policy voiced several concerns of RBI including sticky core inflation, govt wage increases, currency volatility and crude oil price rise. RBI also expressed hope that banks would transmit rate cuts already effected in a more comprehensive manner. This casts a shadow on rate cut hopes for April and may be viewed negatively by the markets. RBI reiterated its stand that the natural rate of interest would remain in the 1.25% to 1.75% band. RBI seems comfortable with the fiscal deficit estimates as well as the inflation trajectory. Interest Rates and Outlook: Domestic bonds were broadly negative on the back of RBIs policy announcement which was largely viewed as being hawkish. In addition, RBIs accent on managing market liquidity also contributed to some dampening of sentiment in the markets. Money market instruments saw some volatility in yields mainly on account of RBI rate inaction as well as shifts in market liquidity. Overall, money market instruments exhibited negative bias through the month. Gilt securities saw significant negative moves on the back of a lack of rate cuts and a relatively hawkish RBI policy. GSecs exhibited volatility throughout the month. The benchmark 10 year paper (6.97% GS 2026) started the month at about 6.41% and ended the month at about 6.87% levels. bonds yields also saw negative moves and volatility in yields but the movement was generally not as sharp as seen in Gsecs. Overall, we state that the outlook of our monetary policy tenor has shifted to neutral and may no longer be considered as having accommodative undertones. While this does dampen expectations regarding the extent of future rate cuts by RBI, we also hold that market liquidity and ing in lending rates may contribute to a positive undertone in the domestic bond markets. We may see some increase in corporate bond spreads in the coming weeks on the back of an expected increase in supply Market participants shall also watch Inflation (CPI, WPI) and growth (IIP) data along with global indicators such as commodities, crude oil prices, US and Chinese economic data points and INR movements. We retain our positive outlook for the domestic economy and in the context of a world-wide slowdown, domestic market participants may do well to have a positive outlook for domestic bond markets in the coming quarters. Going forward, we retain our view on domestic rates to be mildly positive with a medium to long term perspective. (Data Source - Reuters, Bloomberg, RBI, Internal) 3

4 Equity Market Commentary for the month of February 2017 Mr. Amit Nigam (Head - Equities) Domestic Markets: The positive returns of continued in February also, with Sensex being up by 3.93% and NSE-50 being up by 3.72%. In February, among BSE sector indices reality and consumer durable posted best positive returns. Realty with 9.15% returns stood at the top of the table while auto sector lost the most, down by 1.48%. For the month, Rupee strengthened by 1.73% and closed at against US dollar. Domestic Macro Data: In the month of December, IIP contracted by 0.4% YoY, compared to 5.7% YoY expansion in November. Mining increased by 5.2% YoY compared to 3.7% YoY increase in November. Manufacturing contracted by 2% YoY compared to an expansion of 5.5% in November. Electricity (6.3% YoY expansion compared to 8.9% YoY in November) witnessed sharp expansion. Consumer goods registered degrowth of 6.8% YoY mostly due to demonetization, with consumer durables (10.3% YoY degrowth) and consumer nondurable (5% YoY degrowth). India s trade deficit for came in at USD 9.8 billion, USD 0.6 billion MoM. Exports in were USD 22.1 billion (December USD 23.9 billion). The MoM moderation was seen across several categories, such as leather goods, textiles, gems and jewellary, although engineering goods category held up well with decent growth. Imports at USD 32 billion were by ~USD 2.3 billion compared to last month. Outlook: The domestic stock markets have continued to edge higher in this month post a recovery in the month of as the Union Budget did not carry any of the anticipated negative announcements. Also the December quarterly results declared by Indian corporate were not as bad as was anticipated given the quarter bore the brunt of currency replacement exercise of the government. Our interactions with most of the companies and the trade channel during the months of November and December 2016, had indicated that the stress in the system was not as bad as feared. Consequently the stocks of individual companies have moved higher, negating the fall caused by the demonetization, as and when the results were declared. We continue to stress that the currency replacement exercise and subsequent GST implementation, sometime during the next financial year, would imply a shift of business towards the formal sector edging out the unorganized sector. Hence we continue to like those businesses where the formal sector has small contribution within its own industry. Having said that, post the sharp move up by the markets, valuations have again moved towards the higher side of historical band within which we have traded. These higher valuations are not entirely supported by earnings growth upgrades, and given the fact that interest rates have moved up globally as well as in India we would wait for either the markets to correct or earning upgrades to materialize for us to become incrementally constructive. (Data Source - Reuters, Bloomberg, RBI, Internal) Global Markets: US economic growth slows in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment. Gross domestic product increased at a 1.9% annual rate. Trump's first speech to the congress found mention of the earlier made promises of infrastructure spending, repealing Obamacare, taxes for business and people. Australia's economy grew a strong 1.1% in the fourth quarter, averting a technical recession after the September quarter contraction. 4

5 CARE AAAmfs CARE(Credit Analysis and Research Limited Rating (Source: LIQUID FUND (as on February 28, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. (an open ended liquid scheme) Portfolio Holdings Rating % of Net Assets CERTIFICATE OF DEPOSITS Corporation Bank 9.45 RBL Bank Ltd 6.56 South Indian Bank Ltd CARE A Axis Bank Ltd 2.83 Andhra Bank 1.89 IDFC Bank Ltd 1.87 Bank of Maharashtra 0.94 COMMERCIAL PAPER Indiabulls Housing Finance Ltd 5.64 Aditya Birla Finance Ltd 5.62 Bajaj Finance Ltd 4.72 Mahindra & Mahindra Financial Services 4.72 Can Fin Homes Ltd 4.71 Religare Finvest Ltd FITCH A Edelweiss Commodities Services Ltd 4.71 Cox & Kings Ltd CARE A Housing Development Finance Corporation Ltd 4.69 Religare Securities Ltd 4.69 Steel Authority of India Ltd CARE A Religare Comtrade Ltd 3.75 Adani Enterprises BWR A SIDBI CARE A Dewan Housing Finance Corp Ltd 1.87 Adani Ports and Special Economic Zone Ltd 0.94 Power Finance Corporation Ltd 0.94 FIXED DEPOSITS 0.19 HDFC Bank Ltd 0.19 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash 3.91 Equivalent Total To provide high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market & debt securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns. Allotment Size 19th February 2010 `723.49Crs ( AAUM for February,2017) `410.73Crs (AUM as on 28 February,2017) Pattern Money Market Instruments: 60% to100% Debt Instruments: 0% to 40% Individual/ HUF 23-Feb PEERLESS LIQUID FUNDDIRECT 23-Feb PEERLESS LIQUID FUNDREGULAR PLAN 27-Jan PEERLESS LIQUID FUNDDIRECT 27-Jan PEERLESS LIQUID FUNDREGULAR PLAN 30-Dec Plan / Option Regular Plan Growth Daily Weekly 8.54% 1 Year Govt. T-Bill 7.48% 7.27% 8.23% 8.22% 9.21% 8.56% 8.05% 6.81% Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option. As on February 28, 2017 Average Maturity (Yrs) 0.07 Modified Duration (Yrs) 0.07 # TER - Reg (%) 0.17 # TER - Direct (%) 0.07 Portfolio Yield (%) # - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER Scheme Performance vis-a-vis Benchmark (%) Nav (in `) PEERLESS LIQUID FUNDREGULAR PLAN 30-Dec-16 Since Inception CAGR % CRISIL Liquid Minimum Amount: ` 1,000/- and in multiples of.`1/- Benchmark : CRISIL Liquid Manager Mr. Vikram Pamnani: Total experience 8 years. History () Net ( ` per unit) PEERLESS LIQUID FUNDDIRECT Liquid - ReguPeriod lar PlanGrowth Option December 31, 2015 to December 30, 7.78% 2016 December 31, 2014 to December 31, 8.35% 2015 December 31, 2013 to December 31, 9.25% Direct Plan Rating Profile (%) Maturity Profile Below or equal to 91 days CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/Cash Equivalent % Weightage Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September

6 CARE AAAmfs CARE(Credit Analysis and Research Limited Rating (Source: ULTRA SHORT TERM FUND (as on February 28, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. (an open ended debt scheme) Portfolio Holdings CERTIFICATE OF DEPOSITS Andhra Bank ICICI Bank Ltd IndusInd Bank Ltd COMMERCIAL PAPER Cholamandalam Investment and Finance Company Ltd TATA Capital Financial Services Ltd Adani Enterprises NON-CONVERTIBLE DEBENTURE / ZCB Export Import Bank of India Power Grid Corporation of India Ltd Power Finance Corporation Ltd Rural Electrification Corporation Ltd LIC Housing Finance Ltd Housing Development Finance Corporation Ltd Rating % of Net Assets BWR A1+ CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent Total To provide optimal returns & liquidity to the investors by investing primarily in a mix of money market & short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety & liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Size `72.96Crs ( AAUM for February,2017) `68.36Crs (AUM as on 28 February, 2017) Allotment 19th February 2010 Pattern Money Market Instruments:70% to 100% Debt Instruments: 0% to 30% Ultra Short Term Period Regular Plan-Growth Option December 31, 2015 to December 30, 7.73% 2016 December 31, 2014 to December 31, 7.86% 2015 December 31, 2013 to December 31, 9.12% CRISIL Liquid 1 Year Govt. T-Bill 7.48% 7.27% 8.23% 8.22% 9.21% 8.56% Since Inception CAGR % 8.50% 8.05% 6.81% Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option. As on February 28, 2017 Average Maturity (Yrs) Modified Duration (Yrs) # TER - Reg (%) # TER - Direct (%) Portfolio Yield (%) # - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER Minimum Amount: ` 1,000/- and in multiples of `.1/- Benchmark : CRISIL Liquid Manager Mr. Killol Pandya : Total experience 17 years Mr. Vikram Pamnani: Total experience 8 years. History () Net ( ` per unit) Individual/ HUF PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN 23-Feb PEERLESS ULTRA SHORT TERM FUND-DIRECT 23-Feb PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN 27-Jan PEERLESS ULTRA SHORT TERM FUND-DIRECT 27-Jan PEERLESS ULTRA SHORT TERM FUND-REGULAR PLAN 30-Dec PEERLESS ULTRA SHORT TERM FUND-DIRECT 30-Dec Scheme Performance vis-a-vis Benchmark (%) Rating Profile (%) Regular Plan Direct Plan Growth Plan / Option Daily Weekly Maturity Profile Below 1 Year Above 1 Year CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/Cash Equivalent % Weightage Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from ` 10/- to ` 1000/- with effect from 22nd September

7 CARE AAAmfs CARE(Credit Analysis and Research Limited Rating (Source: SHORT TERM FUND (as on February 28, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. (an open ended debt scheme) Portfolio Holdings Rating CERTIFICATE OF DEPOSITS % of Net Assets Period Axis Bank Ltd Andhra Bank IndusInd Bank Ltd 3.36 COMMERCIAL PAPER Religare Comtrade Ltd NON-CONVERTIBLE DEBENTURE / ZCB December 31, 2015 to December 30, 2016 December 31, 2014 to December 31, 2015 December 31, 2013 to December 31, 2014 Rural Electrification Corporation Ltd 8.75 Since Inception CAGR % Power Grid Corporation of India Ltd Housing Development Finance Corporation Ltd TATA Capital Financial Services Ltd LIC Housing Finance Ltd TATA Capital Housing Finance Ltd FIXED DEPOSITS HDFC Bank Ltd MUTUAL FUND UNITS GOVERNMENT SECURITIES 7.68% GOI 15 Dec 2023 CRISIL AA+ CRISIL AA Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) Sovereign CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent Total To generate income & capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Short Term - Regular PlanGrowth Option CRISIL Short Term Bond 1 Year Govt. T-Bill 7.84% 9.83% 7.27% 8.02% 8.66% 8.22% 9.21% 10.47% 8.56% 9.39% 8.78% 7.24% Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on February 28, 2017 Average Maturity (Yrs)... Modified Duration (Yrs)... # TER - Reg (%)... # TER - Direct (%)... Portfolio Yield (%) # - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER Size `59.95Crs ( AAUM for February, 2017) `58.88Crs (AUM as on 28 February, 2017) Allotment 18th August 2010 Pattern Money Market and debt securities with residual maturity of less than or equal to 3 Minimum Amount: ` 1,000/- and in multiples of ` 1/years: 80% to 100% Debt Instruments with residual maturity Benchmark : CRISIL Short Term Bond greater than 3 years: 0% to 20% Manager Mr. Killol Pandya - Total experience 17 years. History () Net (` per unit) Individual/ HUF FUND REGULAR 10-Feb FUND-DIRECT MONTHLY 10-Feb FUND REGULAR 10-Jan FUND-DIRECT MONTHLY 10-Jan FUND- REGULAR 13-Dec FUND-DIRECT MONTHLY 13-Dec Scheme Performance vis-a-vis Benchmark (%) Rating Profile (%) History (Quarterly) FUND - REGULAR QUARTERLY FUND - DIRECT QUARTERLY FUND - REGULAR QUARTERLY FUND - DIRECT QUARTERLY FUND - REGULAR QUARTERLY FUND - DIRECT QUARTERLY Net ( ` per unit) Individual/ HUF 20-Feb Feb Plan / Option Regular Plan Growth Quarterly Bonus Maturity Profile Jun Jun Below 1 Year Above 1 Year CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Direct Plan % Weightage

8 FLEXIBLE INCOME FUND (an open ended debt scheme ) CARE AAAmfs CARE(Credit Analysis and Research Limited Rating (Source: (as on February 28, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. Portfolio Holdings Rating % of Net Assets GOVERNMENT SECURITIES % GOI - 11 Jan 2026 Sovereign % GOI - 15 Dec 2023 Sovereign % GOI - 06 Sep 2026 Sovereign FIXED DEPOSITS 4.30 HDFC Bank Ltd 4.30 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent Total The primary investment objective of the scheme is to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures & Govt. Securities and money market instruments over various maturity periods. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 21st August 2012 Pattern Money Market Instruments: 0% to 100% Debt Instruments: 0% to 100% Manager Mr. Killol Pandya - Total experience 17 years. History () Size `23.42Crs ( AAUM for February,2017) `22.99 Crs (AUM as on 28 February, 2017) Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL Composite Bond Net (` per unit) Individual/ HUF Period Flexible CRISIL Income - 10 Year Composite Regular dated GOI Bond Plan - Growth Security Option December 31, 2015 to December 30, % 12.93% 14.97% December 31, 2014 to December 31, % 8.63% 7.39% December 31, 2013 to December 31, % 14.31% 14.14% Since Inception CAGR % 7.60% 9.83% 9.05% Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option. As on February 28, 2017 Average Maturity (Yrs) Modified Duration (Yrs) # TER - Reg (%) # TER - Direct (%) Portfolio Yield (%) # - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER Flexible Income -Regular- 10-Jul Flexible Income -Direct 10-Jul Scheme Performance vis-a-vis Benchmark (%) Flexible Income --Regular 10-Jun Flexible Income --Regular 10-Apr History (Quarterly) Net ( ` per unit) Individual/ HUF Flexible Income -Direct Quarterly 3-May Rating Profile (%) Flexible Income -Regular-Quarterly 3-May Flexible Income -Regular-Quarterly 4-Feb Plan / Option Regular Plan Direct Plan Growth Quarterly Maturity Profile % Weightage Below 1 Year 4.30 Above 1 Year CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling 8

9 INCOME PLUS FUND (an open ended debt scheme) Portfolio Holdings Rating/Industry % of Net Asset EQUITY SHARES HDFC Bank Ltd BANKS 1.18 ICICI Bank Ltd BANKS 0.96 IndusInd Bank Ltd BANKS 0.82 ITC Ltd CONSUMER NON DURABLES Kotak Mahindra Bank Ltd BANKS 0.80 Housing Development Finance Corporation Ltd FINANCE 0.74 Infosys Ltd SOFTWARE 0.66 Indraprastha Gas Ltd GAS 0.64 Sundaram Finance Ltd FINANCE 0.62 Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.62 Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.61 AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.61 Canara Bank BANKS 0.57 Suprajit Engineering Ltd AUTO ANCILLARIES 0.57 Eicher Motors Ltd AUTO 0.56 Bosch Ltd AUTO ANCILLARIES 0.56 Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.52 Repco Home Finance Ltd FINANCE 0.51 Asian Paints Ltd CONSUMER NON DURABLES 0.51 Engineers India Ltd CONSTRUCTION PROJECT 0.51 Others 5.88 NON-CONVERTIBLE DEBENTURE / ZCB Housing Development Finance Corporation Ltd 6.62 Indian Railway Finance Corporation Ltd 6.61 LIC Housing Finance Ltd 6.45 Rural Electrification Corporation Ltd 5.31 L&T Infrastructure Finance co Ltd CARE AA Power Finance Corporation Ltd 5.10 TATA Capital Financial Services Ltd ICRA AA FIXED DEPOSITS 0.96 HDFC Bank Ltd 0.96 MUTUAL FUND UNITS 7.45 GOVERNMENT SECURITIES % GOI - 06 Sep 2026 Sovereign % GOI - 09 May 2030 Sovereign % GOI - 11 Jan 2026 Sovereign % GOI - 15 Dec 2023 Sovereign 3.98 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ 7.60 Cash Equivalent Total To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 29th July 2010 Pattern Debt & Money Market instruments: 80% to 98% Equity & Equity related instruments: 2% to 20% 0.81 Size ` 77.62Crs ( AAUM for February, 2017) ` 77.96Crs (AUM as on 28 February, 2017) Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL MIP Blended Manager Mr. Killol Pandya : Total experience 17 years. & Mr. Amit Nigam : Total experience 14 years. History () Net (` per unit) Individual/ HUF FUND- 23-Feb FUND-DIRECT MONTHLY 23-Feb FUND- 27-Jan FUND-DIRECT MONTHLY 27-Jan FUND- 30-Dec FUND-DIRECT MONTHLY 30-Dec Income CRISIL MIP 10 Year Period Plus - Regular Plan - Growth Option Blended dated GOI Security December 31, 2015 to December 30, % 11.55% 14.97% December 31, 2014 to December 31, % 6.79% 7.39% December 31, 2013 to December 31, % 16.83% 14.14% Since Inception CAGR % 8.32% 8.77% 7.76% Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan-Growth Option. Income Plus -Percentage contribution of B15 cities to AUM is on February 28,2017 As on February 28, 2017 Average Maturity for the debt portion (Yrs) Modified Duration for the debt portion (Yrs) # TER - Reg (%) # TER - Direct (%) Portfolio Yield (%) # - Weighted average for the month * LAST BUSINESS DAY OF THE CALENDER QUARTER Industry Allocation Equity(%) Rating Profile (%)- Debt History (Quarterly) FUND- REGULAR QUAR- TERLY FUND- DIRECT QUARTERLY FUND- REGULAR QUAR- TERLY FUND- DIRECT QUARTERLY FUND- REGULAR QUAR- TERLY FUND- DIRECT QUAR- TERLY Maturity Profile 20-Feb Feb Jun Jun-16 Net (` per unit) Individual/HUF % Weightage Above 1 Year Below 1 Year 7.42 CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/Cash Equivalent 7.60 Plan / Option Regular Plan Direct Plan Growth Option Quarterly Please refer to page no. 11 for tax on dividend distribution, Please refer to page no. 16 for Product Labeling 9

10 3 IN 1 FUND (an open ended hybrid scheme) Portfolio Holdings Rating/Industry % of Net Assets EQUITY SHARES HDFC Bank Ltd BANKS 1.22 ICICI Bank Ltd BANKS 0.86 IndusInd Bank Ltd BANKS 0.82 Kotak Mahindra Bank Ltd BANKS 0.75 Housing Development Finance Corporation Ltd FINANCE 0.69 Indraprastha Gas Ltd GAS 0.68 ITC Ltd CONSUMER NON DURABLES 0.66 Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.66 Infosys Ltd SOFTWARE 0.66 Sundaram Finance Ltd FINANCE 0.65 Nestle India Ltd CONSUMER NON DURABLES 0.63 Castrol India Ltd PETROLEUM PRODUCTS 0.61 AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.60 Eicher Motors Ltd AUTO 0.60 Titan Company Ltd CONSUMER DURABLES 0.59 Oracle Financial Services Software Ltd SOFTWARE 0.58 Bosch Ltd AUTO ANCILLARIES 0.58 Canara Bank BANKS 0.55 Ultratech Cement Ltd CEMENT 0.57 Engineers India Ltd CONSTRUCTION PROJECT 0.55 Others 6.31 NON-CONVERTIBLE DEBENTURE / ZCB TATA Capital Financial Services Ltd ICRA AA Housing Development Finance Corporation Ltd 4.32 Rural Electrification Corporation Ltd 4.32 LIC Housing Finance Ltd 4.30 L&T Infrastructure Finance co Ltd CARE AA Power Finance Corporation Ltd 4.15 TATA Capital Housing Finance Ltd CRISIL AA MUTUAL FUND UNITS Reliance Shares Gold BeES FIXED DEPOSITS 1.04 HDFC Bank Ltd 1.04 GOVERNMENT SECURITIES % GOI - 06 Sep 2026 Sovereign % GOI - 11 Jan 2026 Sovereign % GOI - 15 Dec 2023 Sovereign 2.16 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent Total The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold ETFs of other mutual funds and gold related instruments and Equity & Equity related Instruments. However there can be no assurance that the investment objective of the scheme will be achieved. Allotment Size 5th April, 2011 Pattern Debt & Money Market instruments: 50% to 70% Equity & Equity related instruments: 15% to 25% Gold ETFs of other mutual funds and gold related instruments: 15% to 25% Manager Mr. Killol Pandya - Total experience 17 years. Mr. Amit Nigam - Total experience 14 years. History (Quarterly) PEERLESS 3 IN 1 FUND- REGULAR QUARTERLY PEERLESS 3 IN 1 FUND- DIRECT QUARTERLY Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Size `23.93Crs( AAUM for February, 2017) `23.98Crs (AUM as on 28 February, 2017) Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL MIP Blended +Gold (85:15) Net (` per unit) Individual/HUF 20-Feb Feb Period 3 in 1 -Regular Plan-Growth Option CRISIL MIP Blended + Gold (85:15) 10 Year dated GOI Security December 31, 2015 to December 30, % 11.59% 14.97% December 31, 2014 to December 31, % 4.69% 7.39% December 31, 2013 to December 31, % 9.54% 14.14% Since Inception CAGR % 8.05% 8.25% 7.96% Current Value of investment if Rs 10000/- was invested on Inception date (in RS.) , Returns are absolute. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. 3 in 1 - Percentage contribution of B15 cities to AUM is as on February 28, 2017 As on February 28, 2017 Average Maturity for the debt portion (Yrs) Modified Duration for the debt portion (Yrs) # TER - Reg (%) # TER - Direct (%) Portfolio Yield (%) # Weighted average for the month (*LAST BUSINESS DAY OF THE CALENDER QUARTER) Industry Allocation Equity(%) Rating Profile (%)- Debt 19.08% 17.09% 12.73% Sovereign ICRA AA+/CRISIL AA+/CARE AA+ Maturity Profile % Weightage Below 1 Year 1.04 Above 1 Year CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/ Cash/Cash Equivalent 40.80% Equity/Exchange Traded / Mutual /Fixed Deposits Plan / Option Regular Plan Direct Plan Growth Option Quarterly % CBLO/ Cash & Cash Equivalent

11 EQUITY FUND (an open ended equity scheme) BANKS BANKS BANKS CONSUMER NON DURABLES BANKS % of Net Assets FINANCE 3.78 GAS SOFTWARE AUTO ANCILLARIES PETROLEUM PRODUCTS INDUSTRIAL PRODUCTS AUTO FINANCE CONSTRUCTION PROJECT AUTO ANCILLARIES BANKS CONSUMER NON DURABLES AUTO ANCILLARIES INDUSTRIAL CAPITAL GOODS PETROLEUM PRODUCTS Portfolio Holdings Industry EQUITY SHARES HDFC Bank Ltd ICICI Bank Ltd IndusInd Bank Ltd ITC Ltd Kotak Mahindra Bank Ltd Housing Development Finance Corporation Indraprastha Gas Ltd Infosys Ltd Motherson Sumi Systems Ltd Bharat Petroleum Corporation Ltd AIA Engineering Ltd Eicher Motors Ltd Sundaram Finance Ltd Engineers India Ltd Bosch Ltd Canara Bank Asian Paints Ltd Suprajit Engineering Ltd Bharat Electronics Ltd Castrol India Ltd Others CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent Total To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns. Allotment Size Size 28th September, 2011 `97.69Crs( AAUM for February, 2017) `97.41Crs (AUM as on 28 February, 2017) Pattern Equity & Equity related instruments: 80% to 100% Minimum Amount: ` 1,000/- and in multidebt & Money Market instruments: 0% ples of ` 1/-. Benchmark : Nifty to 20% 50 Manager: Mr. Amit Nigam - Total experience 14 years. Equity Regular Period Plan-Growth Option NIFTY 50 NIFTY 50 December 31, 2015 to December 30, % 3.01% 3.01% December 31, 2014 to December 31, % -4.06% -4.06% December 31, 2013 to December 31, % 31.39% 31.39% Since Inception CAGR % 10.92% 10.05% 10.05% Current Value of investment if Rs 10000/was invested on Inception date (in RS.) Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option. Risk Measures Feb 2017 Standard Deviation^(%) Benchmark Standard Deviation^ (%) Sharpe Ratio~ 0.86 Beta # TER - Reg (%) # TER - Direct (%) Portfolio Turnover Ratio (Times) (*LAST BUSINESS DAY OF THE CALENDER QUARTER) SIP Returns SIP Tenure (in years) 3 Investment Amount Start 3 Mar-2014 End 28 Feb 2017 Total no of Installments 36 Total Amount Invested (Rs) 3,60, Present value (Rs) 4,33, Total No Units 22, CAGR (%) XIRR(%) Yield (%) SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Equity - Percentage contribution of B15 cities to AUM is as on February 28, ^Statistical returns based on monthly returns over the past 3 year data as on February 28, ~ 1 day MIBOR has been assumed as the risk-free rate of return. # Weighted average for the month History Net ( ` per unit) Individual/ HUF PEERLESS EQUITY FUND REGULAR QUARTERLY PEERLESS EQUITY FUNDDIRECT QUARTERLY 20-Feb Feb PEERLESS EQUITY FUND NORMAL 16-Nov PEERLESS EQUITY FUNDDIRECT 16-Nov Jun Jun PEERLESS EQUITY FUND REGULAR QUARTERLY PEERLESS EQUITY FUNDDIRECT QUARTERLY PEERLESS EQUITY FUND REGULAR QUARTERLY PEERLESS EQUITY FUND DIRECT QUARTERLY PEERLESS EQUITY FUNDDIRECT HALF YEARLTY PEERLESS EQUITY FUNDREGULAR HALF YEARLY PEERLESS EQUITY FUNDREGULAR YEARLY Tax on Individual/HUF Domestic Companies Liquid s Nature 28.84% % Debt s 28.84% % Equity are inclusive of surcharge and cess. Industry Allocation Equity(%) Plan / Option Growth Normal * Quarterly * Half Yearly * Yearly * Introduced from November 2, 2015 Regular Plan Direct Plan Please refer to page no. 16 for Product Labeling 11

12 MIDCAP FUND (an open ended equity scheme) Portfolio Holdings EQUITY SHARES IndusInd Bank Ltd Motherson Sumi Systems Ltd Engineers India Ltd Karur Vysya Bank Ltd Berger Paints Castrol India Ltd eclerx Services Ltd Amara Raja Batteries Ltd Sundaram Fasteners Ltd Canara Bank TTK Prestige Limited Relaxo Footwears Ltd AIA Engineering Ltd Titan Company Ltd Indraprastha Gas Ltd Suprajit Engineering Ltd Mahanagar Gas Ltd Nesco Ltd Colgate Palmolive Ltd Repco Home Finance Ltd Others CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent Total Industry BANKS AUTO ANCILLARIES CONSTRUCTION PROJECT BANKS CONSUMER NON DURABLES PETROLEUM PRODUCTS SOFTWARE AUTO ANCILLARIES AUTO ANCILLARIES BANKS CONSUMER DURABLES CONSUMER DURABLES INDUSTRIAL PRODUCTS CONSUMER DURABLES GAS AUTO ANCILLARIES GAS COMMERCIAL SERVICES CONSUMER NON DURABLES FINANCE % of Net Assets The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. 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. Allotment Size 7th December, 2015 `59.05Crs ( AAUM for February,2017) `60.87Crs (AUM as on 28 February, 2017) Pattern Equity and Equity Related Instruments of Midcap Companies: 65% to 100% Minimum Amount: `1,000/- and in multiples of Debt & Money Market Instruments: `1/- 0% to 35% Benchmark : Nifty Midcap 100 Manager Mr. Amit Nigam - Total experience 14 years. Midcap Regular Period Plan-Growth Option December 31, 2015 to December 11.89% 30, 2016 Since Inception CAGR % 13.18% NIFTY MIDCAP 100 NIFTY % 3.01% 8.29% 5.07% Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.) Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option. Feb 2017 # TER - Reg (%) # TER - Direct (%) Portfolio Turnover Ratio (Times) # - Weighted average for the month (*LAST BUSINESS DAY OF THE CALENDER QUARTER) SIP Returns SIP Tenure (in years) 1 Investment Amount Start End Total no of Installments Total Amount Invested (Rs) Mar Mar ,20,000 Present value (Rs) Total No Units CAGR (%) XIRR(%) Yield (%) SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Midcap - Percentage contribution of B15 cities to AUM is as on February 28, Industry Allocation Equity(%) Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Regular Plan Direct Plan Growth Option Plan / Option Option

13 LONG TERM ADVANTAGE FUND (an open ended equity linked savings scheme) Portfolio Holdings Industry % of Net Assets EQUITY SHARES HDFC Bank Ltd BANKS 6.27 ICICI Bank Ltd BANKS 4.40 IndusInd Bank Ltd BANKS 3.48 Mahanagar Gas Ltd GAS 3.48 Kotak Mahindra Bank Ltd BANKS 3.30 Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.25 eclerx Services Ltd SOFTWARE 3.22 AIA Engineering Ltd INDUSTRIAL PRODUCTS 3.14 Berger Paints CONSUMER NON DURABLES 3.07 Infosys Ltd SOFTWARE 3.06 Engineers India Ltd CONSTRUCTION PROJECT 3.00 Amara Raja Batteries Ltd AUTO ANCILLARIES 2.85 Indraprastha Gas Ltd GAS 2.77 Ultratech Cement Ltd CEMENT 2.70 Sundaram Fasteners Ltd AUTO ANCILLARIES 2.67 Bajaj Auto Ltd AUTO 2.56 Eicher Motors Ltd AUTO 2.56 Titan Company Ltd CONSUMER DURABLES 2.56 Nestle India Ltd CONSUMER NON DURABLES 2.49 TTK Prestige Limited CONSUMER DURABLES 2.42 Others CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current 6.46 Assets/Cash/Cash Equivalent Total The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of `1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized. Allotment 30th December, 2015 Pattern Equity and Equity Related Instruments: 80% to 100% Debt and Money Market Instruments: 0% to 20% Manager Mr. Amit Nigam - Total experience 14 years. Size `22.24Crs ( AAUM for Febrary,2017) `22.63Crs (AUM as on 28 February, 2017) Minimum Amount: `500/- and in multiples of `500/- Benchmark : S&P BSE 100 Long Period Term Advantage S&P BSE Regular 100 Plan-Growth Option NIFTY 50 December 31, 2015 to December 30, % 3.57% 3.01% Since Inception CAGR % 8.20% 4.16% 3.66% Current Value of investment if Rs 10000/- was invested on Inception date (in Rs.) Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Growth Option. Feb 2017 #TER - Regular (%) #TER - Direct (%) Portfolio Turnover Ratio (Times) # - Weighted average for the month *LAST BUSINESS DAY OF THE CALENDER QUARTER SIP Returns SIP Tenure (in years) 1 Investment Amount Start 1 Mar-2016 End 2-Mar Total no of Installments 12 Total Amount Invested (Rs) 1,20,000 Present value (Rs) Total No Units CAGR (%) XIRR(%) Yield (%) SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Long Term Advantage - Percentage contribution of B15 cities to AUM is as on February 28, Industry Allocation Equity(%) Plan / Option Regular Plan Direct Plan Growth Option Option Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling

14 Units of the Scheme, subject to a maximum of ` Scheme Name Liquid Ultra Short Term Short Term Flexible Income Income Plus 3 in 1 Equity Long Term Advantage Midcap FUNDS AT A GLANCE FOR PEERLESS MUTUAL FUND Type Allotment Benchmark Manager Liquid Scheme Debt Scheme Debt Scheme Debt Scheme Debt Scheme Hybrid Scheme Equity Scheme Equity Linked Savings Scheme Equity Scheme 19th February, th February, th August, st August, th July, th April, th September, th December, th December, 2015 To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved To generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved The primary investment objective of the scheme will endeavour to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures and Government securities and money market instruments over various periods. 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 To generate regular Income through a portfolio of predominantly high quality fixed income securities and with the marginal exposure to equity and equity related securities. 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 The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold ETFs of other mutual funds and gold related instruments and Equity & Equity related Instruments. However there can be no assurance that the investment objective of the scheme will be achieved To generate long term capital appreciation by investing in an actively managed portfolio predominantely consisting of equity and equity related scenario. 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 The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized. The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. 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. Crisil Liquid Crisil Liquid Crisil Short Term Bond CRISIL Composite Bond Crisil MIP Blended Crisil MIP Blended + Price of Gold in the ratio 85:15 NIFTY 50 S&P BSE 100 Nifty Midcap 100 Mr. Vikram Pamnani Mr. Killol Pandya Mr. Vikram Pamnani Plans Available Regular/ Direct Regular/ Direct Mr. Killol Pandya Regular/ Direct Mr. Killol Pandya Regular/ Direct Options Growth/Daily / Weekly / Growth/Daily / Weekly / Growth/ /Quarterly Growth/ /Quarterly Growth/ /Quarterly Mr. Killol Pandya & Mr. Amit Nigam Regular/ Direct Growth/ /Quarterly Mr. Killol Pandya & Mr. Amit Nigam Regular/ Direct Mr. Amit Nigam Regular/ Direct Growth/Normal / Quarterly / Half Yearly / Yearly Div Reinvest Initial Purchase Amt (min) Extra Initial Purchase above min. in multiples Additional Purchase amt. Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 1/- Mr. Amit Nigam Regular/ Direct Growth / No ` 500/- Multiples of ` 500/- ` 500/- Mr. Amit Nigam Regular / Direct Growth / Yes ` 1000/- Multiples of ` 1/- ` 100/- Additional Purchase in multiples above Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 500/- Multiples of ` 1/- Exit Load 14