July, An Open Ended Hybrid Scheme investing predominantly in equity and equity related instruments.

Transcription

1 July, 2018 Peace of Mind Essel Equity Hybrid Fund An Open Ended Hybrid Scheme investing predominantly in equity and equity related instruments. Offer of Units at NAV based prices Essel Equity Hybrid Fund (An Open Ended Hybrid Scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* Capital appreciation over the long term. To generate capital appreciation by predominantly investing in equity and equity related instruments. Degree of risk MODERATELY HIGH. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. RISKOMETER Investors understand that their principal will be at moderately high risk

2 From ED & CEO s Desk Market lore is that equity markets hit new highs in July and this proved to be true once again. After some restless action in June, headline indices started July on a positive note and continued down that path hitting new all - time highs towards the end of the month. Inflation continued to move higher as well, but yields seemed to have steadied despite elevated expectations of another rate hike in August, which were ultimately fulfilled. But the focus of investment risk continued to remain firmly on the external sector with trade wars, currency wars and oil turmoil all adding up. While it would be difficult for even established game theory practitioners to forecast the exact Mr. Rajiv Shastri outcome of the escalating trade war between the US and China, one thing is certain. The tools that both sides have to fight this battle are far more than just tariffs. Currency, interest rates, cross border investments, commodity availability etc. all combine to form a formidable arsenal on both sides. To be fair, none of these tools can be used with a pure external focus since there are domestic economic consequences to their use as well. What it does imply, however, is that it s extremely difficult to predict which side will have the upper hand in the ultimate analysis. To our mind, certain segments of the economy in each of the two countries will be hurt while others will gain. Similarly, it is extremely difficult to forecast what the impact of this battle will be on India. If this was just about tariffs, there would have been a significant possibility that India would gain. However, with China throwing currency depreciation in the mix, and the Indian Rupee depreciating through the month the response matrix changes quite dramatically. If the Indian Rupee continues to depreciate in sync with Chinese Yuan, not to capture export market share but to retain it, the threat of imported inflation increases along with a significantly higher possibility of higher interest rates to follow. This is a possibility that we will continue to track and update. Oil prices gave a reason to celebrate as they started to retreat visibly from the highs hit in earlier months. This retreat in prices allows for a pause in the relentless primary and secondary inflationary pressures exerted by their increase. For India, lower prices also mean lower stress on our trade balance, reducing trade related pressure on the Rupee. As things stand, with oil prices easing and domestic demand remaining robust, there seems to be no imminent threat to the Indian growth story. Also, with many stocks having corrected sharply over the last 6-7 months, opportunities to gain from this growth are now widely available. Upcoming corporate results may underpin this. Finally, with the launch of our Essel Multi Cap Fund, we have added another valuable investment option to our existing product suite. The New Fund Offer, which closed on July 2, saw interest from over 6,500 investors across 170 cities. I would like to take this opportunity to thank our investors and distributor partners who once again reposed a great degree of trust in us. With best regards 2

3 From CIO s Desk Market Review for the month of July 2018 Domestic Markets The month of July 18 saw substantial returns with Sensex up by 6.16% & Nifty up by 5.99%. The S&P BSE MidCap index was up by 3.64% while the S&P BSE SmallCap index was up by 3.44%. In June, among the BSE sectoral indices Oil & Gas and Fast Moving Consumer Goods Indices showed the highest gains, while the Metals & Realty indices were the laggards. The month of July is usually associated with an easing in liquidity on account of resumed flows into bond markets. However, owing to the tightness in market liquidity, the overnight rates remained relatively elevated ranging between3.50% and about 6.60%. CPI continued hardening and printed at 5.00% (Vs. 4.87% last month) but was a lower than market expectations. WPI inflation also hardened sharply and printed at +5.77% (Vs % last month) and was a considerably higher than market expectations. The INR remained broadly range bound against the USD. INR began the month at about 68.80(Vs USD) and ended the month at about Domestic bonds were volatile during the month but showed a mildly positive trend during the month. Money Mr. Viral Berawala market instruments continued to see volatility in yields and saw some hardening during the month. On the other hand, the benchmark 10 year G-Sec (7.17% GS 2028) began the month at about 7.91% and ended June at about 7.77%. Corporate bonds yields also saw some volatility in yields though the movement was generally not as sharp as seen in select Gsecs as stated above. RBI MPC announced its monetary policy today and it may be worthwhile to state our preliminary views and comments on the same; Key Takeaways 1. RBI MPC raised Repo rates by 25 bps. Repo rate stands at 6.50% and Reverse Repo rate now stands at 6.25% 2. RBI retained its headline stance as Neutral 3. All other rates such as CRR etc were kept unchanged 4. 5 members of the MPC voted in favor of hike & 1 voted against it. 5. RBI noted that while monsoons were progressing well, kharif crop sowing was lower than normal and that raised concerns about food inflation. 6. GDP projection for current fiscal was retained at 7.4%. April- Sept 2018 estimate was placed at 7.5% -7.6% and estimate for FY18-19 was stated at 7.6% 7. CPI projection for H1FY18-19 was restated at 4.6% (Vs 4.8% earlier) and for H2 FY18-19 at 4.8% (Vs 4.7% earlier). CPI estimate for Q1FY18-19 was stated at 5%. The near term estimate for CPI during July-Sept 18 was mentioned at 4.2% Our views on the policy are as under; Views and Comments 1. RBI MPC seems to have signaled its concerns by hiking rates twice in a row. 2. From the market perspective, this policy may be considered to be neutral with hawkish undertones. 3. RBI MPC seems confident that economic recovery (including rural and urban consumption) seems to be on a firm footing. It seems satisfied with the robust capital markets despite acknowledging a reduction in FDI and FII flows into EMs (including India) 4. RBI MPC observed liquidity to be broadly neutral in the past few months and continues to seek to maintain a systemically neutral liquidity. 5. RBI MPC stated its rising concerns about uncertainties relating to inflation. RBI was also concerned about hardening inflationary expectations, the actualization of the full range of impact of MSP increase (primary and 2nd round impact) on inflation, fiscal slippage concerns and rising input costs. 6. RBI continues to be worried about INR depreciation, persistence in Core CPI (i.e. non food, non fuel inflation), impact of firmer crude oil prices on CPI, trade wars & protectionism (in the global geo-political context). 7. However, it hoped that improving GST collections and softening global commodity prices may assuage inflation pressures. Overall, the policy was reasonably cautious and hawkish from the bond market perspective. We have been espousing a case for maintaining lower duration and believe this policy validates our concerns. While we do not rule out trading opportunities, we are also not expecting an incremental change in our investment strategy or interest rate outlook on the basis of this policy. We reiterate our case for investors opting for Accrual based products for now. Domestic Macro Data IIP slowed down to 3.2% in May 2018, much lower than 4.8% of April 2018, mainly due to the slow growth across all the board in the manufacturing segment. While the manufacturing slowed down to 2.8% in May 2018 vs 5.3% in April 2018, the major disappointment was seen in non-durables production, especially pharmaceutical goods, which surprisingly contracted. Mining and electricity registered good growth. Trade deficit in June was USD 16.6 billion, up USD 2 billion from the last month mainly due to oil as the oil deficit stood at USD 8.7 billion vs USD 6.7 billion in May. Outlook We have been espousing a case for maintaining lower duration and believe the macro economic scenario does not merit a strategic change in our long term outlook. Government announcements and RBI action on the liquidity front may result in some positive sentiment and trading opportunities in the near to medium term. In the context of other macro-economic concerns such as inflation trajectory, market liquidity conditions, potential bond issuance / supply pressures, FOMC actions, resurgence in US and Chinese economies and other global geopolitical headwinds, for now, we retain our earlier thesis of being invested in accrual based products for now while utilizing trading windows to add to gains From the equity market perspective, international trade war due to imposition of tariffs by US on other countries continued to dominate the news and the investor sentiments. The good progress registered by monsoon in June got stalled in July forcing the government agency to change their stance to a below normal monsoon. So far from the announced corporate results we can draw few inferences: rural demand is back; corporate banks are finally witnessing the end of NPA cycle; GST and demon issues are firmly behind. With monthly GST collections coming close to INR 1 lac crs, the government is responding with reducing 28% rate on many goods, which arguers well for the economy. Our outlook is positive due to strong set of corporate earnings. We advise our investors to remain constructive & add to their equity position at every dip. Source : Reuters,Bloomberg, RBI & Internal. Date : 1/8/2018. Refer To Page 17 For Disclaimer 3

4 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 investment 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. NAV: The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV 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 NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit Load: Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs. 99 per unit. Modified Duration: Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. How to read the Factsheet 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. Portfolio Turnover: Portfolio Turnover is a measure of how frequently assets within a fund are bought and sold by the managers. R-Squared: R-Squared is a statistical measure that represents the percentage of a fund or security s movements that can be explained by movements in a benchmark index. Average Maturity: In a mutual fund containing debt securities, Average Maturity is the average amount of time until the debt securities mature. Portfolio Yield: Portfolio Yield is computed by determining the cash flows for the portfolio and determining the interest rate that will make the present value of the cash flows equal to the market value of the portfolio. Total Expense Ratio: Weighted Average i.e. Total Expense of the month / average Asset / number of days in month* days in a year. 4

5 Macaulay Duration The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. It is the measure of bonds sensitivity to interest rate changes. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration can be calculated: n t * C n * M + (1+y) t (1+y) n t=1 Macaulay Duration = Current Bond Price Example Calculation Where: t = respective time period C = periodic coupon payment y = periodic yield n = total number of periods M = maturity value Current Bond Price = Present value of cash flows The calculation of Macaulay duration is straightforward. Assume there is a bond priced at ` 1,000 that pays a 6% coupon and matures in six years available at a Yield to Maturity (YTM) of 6%. The bond pays the coupon once a year, and pays the principal on the final payment. Given this, the following cash flows are expected over the next six years. Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 ` 60 ` 60 ` 60 ` 60 ` 60 ` 1,060 With the periods and the cash flows known, a discount factor must be calculated for each period. This is calculated as 1 / (1 + r)^n, where r is the interest rate and n is the period number in question. Thus the discount factors would be, Discount Factor Year 1 Year 2 Year 3 Year 4 Year 5 Year Next, multiply the year s cash flow by the year number and by its corresponding discount factor to find the present value of the cash flow. Period Present value formula Present Value Year 1 1 * ` 60 * ` Year 2 2 * ` 60 * ` Year 3 3 * ` 60 * ` Year 4 4 * ` 60 * ` Year 5 5 * ` 60 * ` Year 6 6 * ` 1,060 * ` 4, Sum these values = ` 5, = numerator Current Bond Price = sum of PV Cash Flows = 60/(1 + 6%)^1 + 60/(1 + 6%)^ /(1 + 6%)^6 = ` 1,000 = denominator Macaulay duration = ` 5, / ` 1,000 = 5.21 A coupon paying bond will always have its duration less than its time to maturity. In the example above, the duration of 5.21 years is less than the time to maturity of 6 years. 5

6 essel liquid fund (An open ended liquid scheme) Rating CERTIFICATE OF DEPOSITS 27.48% IndusInd Bank Ltd CRISIL A % IDFC Bank Ltd ICRA A % Indian Bank FITCH A % Yes Bank Ltd ICRA A % Bank Of Baroda ICRA A % Union Bank of India ICRA A % The Jammu and Kashmir Bank Ltd CRISIL A % COMMERCIAL PAPER 71.51% Edelweiss Commodities Services Ltd CRISIL A % Cox & Kings Ltd CARE A % Aspire home Finance Corporation Ltd CRISIL A % L & T Finance Ltd CARE A % Housing Development Finance Corporation Ltd CRISIL A % PTC India Financial Services Ltd CRISIL A % Indiabulls Housing Finance Ltd CRISIL A % Bajaj Housing Finance Limited CRISIL A % National Bank for Agricultural & Rural Development CRISIL A % IIFL Wealth Finance Limited CRISIL A % SREI Equipment Finance Pvt Ltd ICRA A % Aditya Birla Finance Ltd ICRA A % Infina Finance P Ltd Prev Multifaced CRISIL A % National Fertilizers Ltd ICRA A % Sterling & Wilson Private Limited CARE A % Himadri Speciality Chemical Limited ICRA A % Sadbhav Engineering Ltd CARE A % Aadhar Housing Finance Ltd CRISIL A % Piramal Enterprises Ltd ICRA A % Dewan Housing Finance Corp Ltd CRISIL A % SIDBI CRISIL A % Power Finance Corporation Ltd CRISIL A % Chambal Fertilisers And Chemicals Ltd CRISIL A % Export Import Bank of India CRISIL A % Reliance Industries Ltd CRISIL A % Reliance Jio Infocomm Limited CRISIL A % FIXED DEPOSITS 0.26% HDFC Bank Ltd 0.26% CBLO (including TBILL held as Collateral)/Reverse Repo/ Net Current /Cash/Cash Equivalent 0.75% To provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns. 19th February 2010 Debt & Money Market Instruments with maturity/residual maturity up to 91 days : 0% to 100% Cash & Cash Equivalents : 0% to 100% ` 1, Crs ( AAUM for July, 2018) ` 1, Crs Crs ( AAUM for July, 2018) Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1 Benchmark : CRISIL Liquid Fund Index^ Fund Manager Mr. Killol Pandya : Total experience 18 years (Managing this Fund w.e.f: 21st December 2017) Mr. Archit Shah : Total experience 9 years ( Managing this Fund w.e.f. 21st December 2017) Dividend History () Net Dividend (` per unit) Cum Scheme / Plan Record Date Individual/ Dividend Corporate HUF NAV (in `) REGULAR PLAN - MONTHLY 27-Jul DIRECT PLAN - MONTHLY 27-Jul REGULAR PLAN - MONTHLY 29-Jun DIRECT PLAN - MONTHLY 29-Jun REGULAR PLAN - MONTHLY 25-May DIRECT PLAN - MONTHLY 25-May GROWTH DAILY DIVIDEND WEEKLY DIVIDEND MONTHLY DIVIDEND Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Liquid Fund CRISIL Liquid Fund Index^@ 1 Year Govt. T-Bill ^@@ 1 year CAGR % 7.00% 7.04% 5.69% 3 year CAGR % 7.36% 7.22% 6.57% 5 year CAGR % 8.14% 8.11% 7.36% Since Inception CAGR % 8.24% 7.84% 6.62% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) ^ - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 7,8,9,10&11. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 0.06 Modified Duration (Yrs) 0.06 TER - Reg (%) 0.18 TER - Direct (%) 0.07 Portfolio Yield (%) 8.07 Asset Allocation 71.51% 0.26% 0.75% 27.48% Scheme Performance vis-a-vis Benchmark (%) Certificate of Deposits Commercial Papers Fixed Deposits CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent Essel Liquid Fund - Regular Growth CRISIL Liquid Fund Index 1YR GOVT T-BILL 8.14% 8.11% 8.24% 7.84% 7.00% 7.04% 7.36% 7.22% 7.36% 6.57% 6.62% 5.69% Rating Profile (%) 1 year CAGR % 3 year CAGR % 5 year CAGR % Since Inception CAGR % 98.99% Maturity Profile % Weightage Below or equal to 91 days 99.25% Cash & Cash Equivalent 0.75% Please refer to page no. 13 for tax on dividend distribution Please refer to page no. 18 for Product Labeling Face Value changed from ` 10/- to ` 1000/- with effect from 21st September 2014 CRISIL A1+/ICRA A1+/ CARE A1+/FITCH A % 0.75% Fixed Deposits CBLO/ Cash & Cash Equivalent *CARE (Credit Analysis and Research Limited Rating (Source: (as on July, 2018) Past Performance is no guarantee of future results. For details please refer Page 17. 6

7 ESSEL ULTRA SHORT TERM FUND (An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.) Rating CERTIFICATE OF DEPOSITS 12.71% Axis Bank Ltd CRISIL A % SIDBI CRISIL A % COMMERCIAL PAPER 15.03% Piramal Enterprises Ltd ICRA A % SIDBI CARE A % NON-CONVERTIBLE DEBENTURE / ZCB 38.53% Mahindra & Mahindra Financial Services FITCH AAA 17.02% Indian Railway Finance Corporation Ltd CRISIL AAA 12.90% LIC Housing Finance Ltd CRISIL AAA 4.31% Rural Electrification Corporation Ltd CRISIL AAA 4.30% CBLO (including TBILL held as Collateral)/Reverse Repo/ Net Current /Cash/Cash Equivalent 33.73% 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 or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns. 19th February 2010 Debt & Money Market Instruments to maintain a portfolio of Macaulay Duration between 3 and 6 months : 0% to 100% Cash & Cash Equivalents : 0% to 100% Investment in REITs and InvITs : 0% to 10% ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1 Benchmark : CRISIL Liquid Fund Index^ Fund Manager Mr. Killol Pandya : Total experience 18 years (Managing this Fund w.e.f: 18th September 2015) Dividend History () Scheme / Plan Record Date Net Dividend (` per unit) Individual/ HUF Corporate Cum Dividend NAV (in `) REGULAR PLAN - MONTHLY 27-Jul DIRECT PLAN - MONTHLY 27-Jul REGULAR PLAN - MONTHLY 29-Jun DIRECT PLAN - MONTHLY 29-Jun REGULAR PLAN - MONTHLY 25-May DIRECT PLAN - MONTHLY 25-May Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Ultra Short Term Fund CRISIL Liquid Fund Index ^@ 1 Year Govt. T-Bill ^@@ 1 year CAGR % 6.27% 7.04% 5.69% 3 year CAGR % 6.94% 7.22% 6.57% 5 year CAGR % 7.77% 8.11% 7.36% Since Inception CAGR % 8.10% 7.84% 6.62% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) ^ - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,8,9,10&11. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 0.32 Modified Duration (Yrs) 0.29 TER - Reg (%) 0.89 TER - Direct (%) 0.26 Portfolio Yield (%) 7.05 Asset Allocation 33.73% 15.03% 38.53% 12.71% Scheme Performance vis-a-vis Benchmark (%) Non Convertible Debentures/ Floating Rate Notes/ Bonds Certificate Of Deposits Commercial Paper CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent Essel Ultra Short Term Fund - Regular Growth CRISIL Liquid Fund Index 1YR GOVT T-BILL 7.04% 7.22% 6.94% 6.57% 6.27% 5.69% 8.11% 7.77% 7.36% 8.10% 7.84% 6.62% GROWTH DAILY DIVIDEND WEEKLY DIVIDEND MONTHLY DIVIDEND year CAGR % 3 year CAGR % 5 year CAGR % Since Inception CAGR % Rating Profile (%) Maturity Profile % Weightage Below 1 Year 44.95% Above 1 Year 21.32% Cash & Cash Equivalent 33.73% Please refer to page no. 13 for tax on dividend distribution Please refer to page no. 18 for Product Labeling Face Value changed from ` 10/- to ` 1000/- with effect from 21st September % CRISIL A1+/ICRA A1+/CARE A1+/FITCH AAA/CRISIL AAA 33.73% CBLO/ Cash & Cash Equivalent *CARE (Credit Analysis and Research Limited Rating (Source: (as on July, 2018) Past Performance is no guarantee of future results. For details please refer Page 17. 7

8 ESSEL SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years) Rating CERTIFICATE OF DEPOSITS 2.09% Axis Bank Ltd CRISIL A % COMMERCIAL PAPER 2.78% SIDBI CARE A % NON-CONVERTIBLE DEBENTURE / ZCB 88.20% LIC Housing Finance Ltd CRISIL AAA 27.21% Mahindra & Mahindra Financial Services FITCH AAA 16.54% Power Grid Corporation of India Ltd CRISIL AAA 14.00% Kotak Mahindra Prime Ltd CRISIL AAA 13.74% Housing Development Finance Corporation Ltd CRISIL AAA 11.14% Indian Railway Finance Corporation Ltd CRISIL AAA 5.57% FIXED DEPOSITS 2.79% HDFC Bank Ltd 2.79% CBLO (including TBILL held as Collateral)/Reverse Repo/ Net Current /Cash/Cash Equivalent 4.14% To generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Short Term Fund CRISIL Short Term Bond Fund Index^@ 1 Year Govt. T-Bill^@@ 1 year CAGR % 4.33% 4.69% 5.69% 3 year CAGR % 6.27% 7.46% 6.57% 5 year CAGR % 7.30% 8.54% 7.36% Since Inception CAGR % 8.51% 8.17% 6.95% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) ^ - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,7,9,10&11. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 1.31 Modified Duration (Yrs) 1.11 TER - Reg (%) 1.25 TER - Direct (%) 0.43 Portfolio Yield (%) 8.13 Asset Allocation 18th August 2010 Debt & Money Market Instruments to maintain a portfolio of Macaulay Duration between 1 and 3 years : 0% to 100% Cash & Cash Equivalents : 0% to 100% Investment in REITs and InviTs : 0% to 10% ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL Short Term Bond Fund Index^ Fund Manager Mr. Killol Pandya : Total experience 18 years (Managing this Fund w.e.f: 18th September 2015) 2.79% 4.14% 2.78% 2.09% 88.20% Non Convertible Debentures/ Floating Rate Notes/ Bonds Certificate of Deposits Commercial Paper Fixed Deposit CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent Dividend History () Scheme / Plan Record Date Net Dividend (` per unit) Individual/ HUF Corporate Cum Dividend NAV (in `) Regular PLAN - 10-Jul DIRECT PLAN - MONTHLY 10-Jul Regular PLAN - 11-Jun DIRECT PLAN - MONTHLY 11-Jun Regular PLAN - 10-May DIRECT PLAN - MONTHLY 10-May Dividend History () Scheme Performance vis-a-vis Benchmark (%) Essel Short Term Fund - Regular Growth CRISIL Short Term Bond Fund Index 1YR GOVT T-BILL 8.54% 8.51% 8.17% 7.46% 7.30% 7.36% 6.57% 6.27% 6.95% 5.69% 4.69% 4.33% 1 year CAGR % 3 year CAGR % 5 year CAGR % Since Inception CAGR % Rating Profile (%) 93.07% Scheme / Plan Record Date Net Dividend (` per unit) Individual/ HUF Corporate Cum Dividend NAV (in `) REGULAR plan - QUARTERLY 22-Mar DIRECT plan - QUARTERLY 22-Mar REGULAR plan - QUARTERLY 02-Nov DIRECT plan - QUARTERLY 02-Nov REGULAR plan - QUARTERLY 02-May DIRECT plan - QUARTERLY 02-May CARE A1+/CRISIL A1+/CRISIL AAA/FITCH AAA 2.79% 4.14% Fixed deposit CBLO/ Cash & Cash Equivalent GROWTH MONTHLY DIVIDEND QUARTERLY DIVIDEND BONUS Maturity Profile % Weightage Below 1 Year 38.37% Above 1 Year 57.48% Cash & Cash Equivalent 4.14% Please refer to page no. 13 for tax on dividend distribution Please refer to page no. 18 for Product Labeling *CARE (Credit Analysis and Research Limited Rating (Source: (as on July, 2018) Past Performance is no guarantee of future results. For details please refer Page 17. 8

9 ESSEL FLEXIBLE INCOME FUND (An open ended dynamic debt scheme investing across duration) CBLO (including TBILL held as Collateral)/Reverse Repo/ Net Current /Cash/Cash Equivalent Rating % To generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including bonds, debentures and government securities and money market instruments over various maturity periods. However, there can be no assurance or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns. 21st August 2012 Debt & Money Market instruments : 0% to 100% Cash & Cash Equivalents : 0% to 100% Investment in REITs and InvITs : 0% to 10% ` 0.29 Crs ( AAUM for July, 2018) ` 0.29 Crs ( AAUM for July, 2018) Exit Load : NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL Composite Bond Fund Index^ Fund Manager Mr. Killol Pandya - Total experience 18 years. (Managing this Fund w.e.f: 18th September 2015) Dividend History () Scheme / Plan Record Date Net Dividend (` per unit) Individual/ HUF Corporate Cum Dividend NAV (in `) Regular plan - 10-Jul Direct plan - 10-Jul Regular plan - 10-Jun Dividend History () Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Flexible Income Fund CRISIL Composite Bond Fund Index^@ 10 Year Dated GOI Security ^@@ 1 year CAGR % 0.16% 1.48% -2.90% 3 year CAGR % 5.96% 7.52% 6.01% 5 year CAGR % 5.63% 8.81% 6.49% Since Inception CAGR % 5.94% 8.20% 6.58% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) ^ - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,7,8,10&11 Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 0.03 Modified Duration (Yrs) 0.03 TER - Reg (%) 1.68 TER - Direct (%) 0.80 Portfolio Yield (%) 6.23 Asset Allocation % CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current /Cash/ Cash Equivalent Scheme / Plan Record Date Net Dividend (` per unit) Individual/ HUF Corporate Cum Dividend NAV (in `) Direct plan - 3-May Regular plan - 3-May Regular plan - 4-Feb GROWTH MONTHLY DIVIDEND QUARTERLY DIVIDEND Scheme Performance vis-a-vis Benchmark (%) Essel Flexible Income Fund - Regular Growth CRISIL Composite Bond Fund Index 10 YR DATED GOI SECURITY 8.81% 7.52% 5.96% 6.01% 5.63% 6.49% 1.48% 0.16% 1 year CAGR % 3 year CAGR % 5 year CAGR % -2.90% Maturity Profile % Weightage Cash & Cash Equivalent % Please refer to page no. 13 for tax on dividend distribution Please refer to page no. 18 for Product Labeling Rating Profile (%) % CBLO/ Cash & Cash Equivalent Please refer to page no 17 for statutory details *CARE (Credit Analysis and Research Limited Rating (Source: (as on July, 2018) Past Performance is no guarantee of future results. For details please refer Page 17. 9

10 ESSEL REGULAR SAVINGS FUND (An open ended hybrid scheme investing predominantly in debt instruments) Industry/Rating EQUITY SHARES 20.21% HDFC Bank Ltd BANKS 2.21% Tata Consultancy Service Ltd SOFTWARE 0.99% Kotak Mahindra Bank Ltd BANKS 0.82% ICICI Bank Ltd BANKS 0.81% Infosys Ltd SOFTWARE 0.73% Larsen & Toubro Ltd CONSTRUCTION PROJECT 0.70% Hindustan UniLever Ltd CONSUMER NON DURABLES 0.62% Sundaram Fasteners Ltd AUTO ANCILLARIES 0.59% Bharat Financial Inclusion Ltd. FINANCE 0.54% AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.53% ITC Ltd CONSUMER NON DURABLES 0.48% Container Corporation of India Ltd TRANSPORTATION 0.48% Indraprastha Gas Ltd GAS 0.43% Britannia Industries Ltd CONSUMER NON DURABLES 0.42% State Bank of India Ltd BANKS 0.42% Petronet LNG Ltd. GAS 0.41% Orient Electric Limited CONSUMER DURABLES 0.41% Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.41% Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.40% Bajaj Finance Ltd FINANCE 0.39% Nestle India Ltd CONSUMER NON DURABLES 0.38% The Ramco Cements Ltd CEMENT 0.38% HCL Technologies Ltd SOFTWARE 0.34% Godrej Agrovet Limited CONSUMER NON DURABLES 0.34% Bosch Ltd AUTO ANCILLARIES 0.33% OCL India Limited CEMENT 0.33% Federal Bank Ltd BANKS 0.32% Repco Home Finance Ltd FINANCE 0.32% Ratnamani Metals & Tubes Ltd FERROUS METALS 0.31% Bajaj Finserv Ltd FINANCE 0.30% Havells India Ltd CONSUMER DURABLES 0.30% Eicher Motors Ltd AUTO 0.30% Sundaram Finance Ltd FINANCE 0.27% eclerx Services Ltd SOFTWARE 0.27% Maruti Suzuki India Ltd AUTO 0.26% India Nippon Electircals Ltd AUTO ANCILLARIES 0.25% Titan Company Ltd CONSUMER DURABLES 0.24% Tata Steel Ltd FERROUS METALS 0.23% Orient Paper & Industries Ltd PAPER 0.22% Bharti Airtel Ltd TELECOM - SERVICES 0.21% Sanghvi Movers Ltd INDUSTRIAL CAPITAL GOODS 0.20% TI Financial Holdings Limited FINANCE 0.20% Nesco Ltd COMMERCIAL SERVICES 0.19% Bharat Forge Ltd INDUSTRIAL PRODUCTS 0.17% Amara Raja Batteries Ltd AUTO ANCILLARIES 0.17% Prism Johnson Limited CEMENT 0.17% Castrol India Ltd PETROLEUM PRODUCTS 0.16% Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.15% Ashiana Housing Limited CONSTRUCTION 0.11% CERTIFICATE OF DEPOSITS 7.74% SIDBI CRISIL A % Axis Bank Ltd CRISIL A % NON-CONVERTIBLE DEBENTURE / ZCB 59.43% Indian Railway Finance Corporation Ltd CRISIL AAA 9.97% Housing Development Finance Corporation Ltd CRISIL AAA 9.96% TATA Capital Housing Finance Ltd CRISIL AA+ 9.01% Rural Electrification Corporation Ltd CRISIL AAA 7.94% L&T Infrastructure Finance Co Ltd CARE AAA 7.91% Power Finance Corporation Ltd CRISIL AAA 7.68% TATA Capital Financial Services Ltd ICRA AA+ 6.96% GOVERNMENT SECURITIES 6.70% 6.84% GOI - 19 Dec Sovereign 6.70% CBLO (including TBILL held as Collateral)/Reverse 5.92% Repo/Net Current /Cash/Cash Equivalent To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme(s) will be achieved. The Scheme(s) does not assure or guarantee any returns. 29th July 2010 "Debt & Money market instruments : 75% to 90% Equity and Equity Related Instruments and/ or Units of equity mutual fund schemes : 10% to 25% Investment in REITs & InvITs : 0% to 10% Please refer to page no. 13 for tax on dividend distribution, Please refer to page no. 18 for Product Labeling 10 ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : Upto 15% of units redeemed within 365 days of allotment-nil More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-nil Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL Hybrid Conservative Index^ Fund Manager Debt Portion: Mr. Killol Pandya : Total experience 18 years (Managing this Fund w.e.f: 18 th September 2015) Equity Portion: Mr. Viral Berawala : Total Experience 18 years (Managing this fund w.e.f: 3rd April'18. ") GROWTH MONTHLY DIVIDEND QUARTERLY DIVIDEND Maturity Profile % Weightage Above 1 Year 39.24% Below 1 Year 34.62% Cash & Cash Equivalent 5.92% Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Regular Savings Fund CRISIL Hybrid Conservative Index^@ 10 Year dated Goi Security^@@ 1 year CAGR % 2.88% 3.16% -2.90% 3 year CAGR % 6.45% 8.33% 6.01% 5 year CAGR % 8.28% 10.29% 6.49% Since Inception CAGR % 7.89% 8.59% 6.19% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) ^ - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,7,8,9&11. For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13,14&16. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 1.38 Modified Duration (Yrs) 1.15 TER - Reg (%) 3.01 TER - Direct (%) 1.13 Portfolio Yield (%) 8.07 Asset Allocation 6.70% 59.43% 5.92% Industry Allocation - Equity(%) 4.58% BANKS 20.21% 7.74% Equity Certificate of Deposits Non Convertible Debentures/ Floating Rate Notes/ Bonds Sovereign Securities CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent 2.39% 2.33% 2.02% 1.74% 0.95% 0.88% 0.84% 0.70% 0.70% 0.61% 0.56% 0.54% 0.48% 0.22% 0.21% 0.19% 0.16% 0.11% CONSUMER NON DURABLES SOFTWARE FINANCE AUTO ANCILLARIES Rating Profile (%)- Debt 6.70% Sovereign CONSUMER DURABLES CEMENT 51.20% GAS CRISIL A1+/CRISIL AAA CONSTRUCTION PROJECT INDUSTRIAL PRODUCTS 15.97% ICRA AA+/CRISIL AA+ INDUSTRIAL CAPITAL GOODS AUTO FERROUS METALS 20.21% Equity TRANSPORTATION PAPER TELECOM - SERVICES 5.92% CBLO/ Cash & Cash Equivalent Dividend History () Scheme / Plan Net Dividend (` per unit) Record Cum Date Individual/ Dividend HUF Corporate NAV (in `) Regular Plan - 27-Jul Direct Plan - 27-Jul Regular Plan - 29-Jun Direct Plan - 29-Jun Regular Plan - 25-May Direct Plan - 25-May Dividend History () Scheme / Plan Record Date Net Dividend (` per unit) Cum Dividend Individual/ NAV (in `) HUF Corporate Regular Plan - 22-Mar Direct Plan - 22-Mar Regular Plan - 2-Nov Direct Plan - 2-Nov Regular Plan - 2-May Direct Plan - 2-May Please refer to page no 17 for statutory details COMMERCIAL SERVICES PETROLEUM PRODUCTS CONSTRUCTION

11 ESSEL 3 IN 1 FUND (An open ended scheme investing in Debt, Equity and Gold) Industry/Rating Equity & Equity Related 25.04% HDFC Bank Ltd BANKS 2.18% Tata Consultancy Service Ltd SOFTWARE 1.15% Infosys Ltd SOFTWARE 1.07% Kotak Mahindra Bank Ltd BANKS 0.97% Larsen & Toubro Ltd CONSTRUCTION PROJECT 0.93% ICICI Bank Ltd BANKS 0.82% Hindustan UniLever Ltd CONSUMER NON DURABLES 0.73% Sundaram Fasteners Ltd AUTO ANCILLARIES 0.68% Nestle India Ltd CONSUMER NON DURABLES 0.67% Container Corporation of India Ltd TRANSPORTATION 0.64% Bajaj Finance Ltd FINANCE 0.64% Bharat Financial Inclusion Ltd. FINANCE 0.62% AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.62% Petronet LNG Ltd. GAS 0.60% State Bank of India Ltd BANKS 0.56% The Ramco Cements Ltd CEMENT 0.55% Sundaram Finance Ltd FINANCE 0.55% Orient Electric Limited CONSUMER DURABLES 0.55% ITC Ltd CONSUMER NON DURABLES 0.55% Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.51% Britannia Industries Ltd CONSUMER NON DURABLES 0.50% Repco Home Finance Ltd FINANCE 0.48% Indraprastha Gas Ltd GAS 0.48% Ratnamani Metals & Tubes Ltd FERROUS METALS 0.46% Godrej Agrovet Limited CONSUMER NON DURABLES 0.45% Maruti Suzuki India Ltd AUTO 0.45% OCL India Limited CEMENT 0.44% Castrol India Ltd PETROLEUM PRODUCTS 0.43% Bajaj Finserv Ltd FINANCE 0.40% TI Financial Holdings Limited FINANCE 0.40% Bosch Ltd AUTO ANCILLARIES 0.39% Eicher Motors Ltd AUTO 0.38% Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.37% Havells India Ltd CONSUMER DURABLES 0.37% eclerx Services Ltd SOFTWARE 0.33% Bharti Airtel Ltd TELECOM - SERVICES 0.31% Federal Bank Ltd BANKS 0.30% Sanghvi Movers Ltd INDUSTRIAL CAPITAL GOODS 0.27% Tata Steel Ltd FERROUS METALS 0.27% Punjab National Bank BANKS 0.25% Bharat Forge Ltd INDUSTRIAL PRODUCTS 0.22% Amara Raja Batteries Ltd AUTO ANCILLARIES 0.22% Orient Paper & Industries Ltd PAPER 0.22% Nesco Ltd COMMERCIAL SERVICES 0.22% India Nippon Electircals Ltd AUTO ANCILLARIES 0.22% Ashiana Housing Limited CONSTRUCTION 0.18% Prism Johnson Limited CEMENT 0.18% Titan Company Ltd CONSUMER DURABLES 0.18% Jyothy Laboratories Ltd CONSUMER NON DURABLES 0.17% United Phosphorous Ltd PESTICIDES 0.01% Biocon Limited PHARMACEUTICALS -0.01% Tech Mahindra Ltd SOFTWARE -0.01% TATA Motors Ltd AUTO -0.02% Century Textiles and Industries ltd CEMENT -0.06% CERTIFICATE OF DEPOSITS 3.95% Axis Bank Ltd CRISIL A % Mutual Fund Units 11.18% Reliance Shares Gold BeES 11.18% GOVERNMENT SECURITIES 7.63% 6.84% GOI - 19 Dec Sovereign 7.63% CBLO (including TBILL held as Collateral)/Reverse 52.20% Repo/Net Current /Cash/Cash Equivalent The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related 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. 5th April, 2011 Equity & Equity related instruments : 65% to 80% Debt instruments of all types of companies & money market instruments : 10% to 15% Gold ETFs of other mutual funds & gold related instruments : 10% to 15% Investment in REIT & InvIT : 0% to 10% ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : Upto 15% of units redeemed within 365 days of allotment-nil More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-nil Minimum Amount: ` 1,000/- and in multiples of `1/- Benchmark : CRISIL Composite 15% + Price of 15% + Nifty 30% + NSE Arbritage 40%^ Fund Manager Debt Portion: Mr. Killol Pandya : Total experience 18 years (Managing this Fund w.e.f: 18 th September 2015) Equity Portion: Equity Portion: Mr. Viral Berawala : Total Experience 18 years (Managing this fund w.e.f: 3rd April'18. GROWTH MONTHLY DIVIDEND QUARTERLY DIVIDEND Maturity Profile % Weightage Below 1 Year 3.95% Above 1 Year 7.63% Cash & Cash Equivalent 52.20% Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel 3 in 1 Fund CRISIL Composite 15% + Price of 15% + Nifty 30% + NSE Arbritage 40% 10 Year dated Goi Security ^@@ 1 year CAGR % 4.11% 6.59% -2.90% 3 year CAGR % 6.61% 7.63% 6.01% 5 year CAGR % 7.48% 8.88% 6.49% Since Inception CAGR % 7.81% 7.81% 6.20% Current Value of investment if ` 10000/- was 17, , , invested on Inception date (in `) Current Value of investment if ` 10000/- was 10, , , invested prior 1 year (in `) Current Value of investment if ` 10000/- was 12, , , invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) 14, , , ^ - The returns are calculated to the Total Return Index(TRI) variant of the - - Additional Benchmark " For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,7,8,9&10. For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13,14&16. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. As on July, 2018 Average Maturity (Yrs) 2.08 Modified Duration (Yrs) 1.73 TER - Reg (%) 2.46 TER - Direct (%) 1.57 Portfolio Yield (%) 7.01 Portfolio Turnover Ratio (Times) 0.65 Asset Allocation 52.20% Industry Allocation - Equity(%) 5.08% BANKS 25.04% 7.63% 3.95% 11.18% Equity Exchange Traded Fund Certificate of Deposit Sovereign Securities CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current / Cash/Cash Equivalent 3.09% 3.07% 2.54% 2.02% 1.11% 1.10% 1.08% 0.93% 0.84% 0.81% 0.73% 0.64% 0.64% 0.43% 0.31% 0.22% 0.22% 0.18% 0.01% -0.01% FINANCE CONSUMER NON DURABLES Rating Profile (%) SOFTWARE 3.95% AUTO ANCILLARIES CEMENT Dividend History () CONSUMER DURABLES GAS 7.63% CONSTRUCTION PROJECT INDUSTRIAL PRODUCTS AUTO FERROUS METALS INDUSTRIAL CAPITAL GOODS 36.22% TRANSPORTATION CRISIL A1+ Sovereign Equity/Exchange Traded Fund /Derivatives Scheme / Plan Record Date PETROLEUM PRODUCTS TELECOM - SERVICES COMMERCIAL SERVICES PAPER 52.20% CONSTRUCTION CBLO/ Cash & Cash Equivalent Net Dividend (` per unit) Individual/ HUF Corporate PESTICIDES PHARMACEUTICALS Cum Dividend NAV (in `) REGULAR PLAN - QUARTERLY 22-Mar DIRECT PLAN - QUARTERLY 22-Mar REGULAR PLAN - QUARTERLY 02-Nov DIRECT PLAN - QUARTERLY 02-Nov REGULAR PLAN - QUARTERLY 02-May DIRECT PLAN - QUARTERLY 02-May Please refer to page no 17 for statutory details 11

12 Essel Equity Hybrid Fund (An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments) Industry/Rating Equity & Equity Related 67.73% HDFC Bank Ltd BANKS 7.04% Housing Development Finance Corporation Ltd FINANCE 3.77% ITC Ltd CONSUMER NON DURABLES 3.10% Tata Consultancy Service Ltd SOFTWARE 2.91% Larsen & Toubro Ltd CONSTRUCTION PROJECT 2.82% State Bank of India Ltd BANKS 2.44% ICICI Bank Ltd BANKS 2.13% Infosys Ltd SOFTWARE 2.11% Reliance Industries Ltd PETROLEUM PRODUCTS 1.97% Kotak Mahindra Bank Ltd BANKS 1.74% Maruti Suzuki India Ltd AUTO 1.74% Bharat Financial Inclusion Ltd. FINANCE 1.74% Vedanta Ltd (Ex:Sesa Sterlite Ltd) NON - FERROUS METALS 1.70% Marico Ltd CONSUMER NON DURABLES 1.52% HCL Technologies Ltd SOFTWARE 1.51% CESC Ltd POWER 1.38% Federal Bank Ltd BANKS 1.21% Bajaj Finserv Ltd FINANCE 1.16% Hindustan UniLever Ltd CONSUMER NON DURABLES 1.15% Hero Motocorp Ltd AUTO 1.10% Bharat Forge Ltd INDUSTRIAL PRODUCTS 1.07% Indraprastha Gas Ltd GAS 1.01% Info Edge (India) Ltd SOFTWARE 1.00% Petronet LNG Ltd. GAS 0.99% Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.96% SUN TV Network Ltd MEDIA & ENTERTAINMENT 0.95% Castrol India Ltd PETROLEUM PRODUCTS 0.93% Indian Oil Corporation Ltd PETROLEUM PRODUCTS 0.88% Yes Bank Limited BANKS 0.86% Amara Raja Batteries Ltd AUTO ANCILLARIES 0.82% Havells India Ltd CONSUMER DURABLES 0.80% Gujarat Fluorochemicals Limited INDUSTRIAL CAPITAL GOODS 0.76% Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 0.76% Tata Steel Ltd FERROUS METALS 0.75% Dalmia Bharat Ltd CEMENT 0.72% TATA Motors Ltd AUTO 0.70% SBI Life Insurance Company Limited FINANCE 0.68% Finolex Industries Ltd INDUSTRIAL PRODUCTS 0.67% Max India Ltd HEALTHCARE SERVICES 0.65% TI Financial Holdings Limited FINANCE 0.63% City Union Bank Ltd BANKS 0.63% Welspun India TEXTILE PRODUCTS 0.62% Apollo Tyres Ltd AUTO ANCILLARIES 0.59% Prism Johnson Limited CEMENT 0.57% Punjab National Bank BANKS 0.57% IDFC Bank Ltd BANKS 0.53% Bharti Airtel Ltd TELECOM - SERVICES 0.52% Cadila Healthcare Ltd PHARMACEUTICALS 0.51% eclerx Services Ltd SOFTWARE 0.48% Tamilnadu Newsprint and Papers Ltd PAPER 0.44% IDFC Ltd FINANCE 0.41% OCL India Limited CEMENT 0.31% India Nippon Electircals Ltd AUTO ANCILLARIES 0.27% Cholamandalam Investment & Finance Company Ltd FINANCE 0.24% Mahindra & Mahindra Financial Services Ltd FINANCE 0.21% United Breweries Ltd CONSUMER NON DURABLES 0.00% InvIT 2.18% India Grid Trust POWER UTILITIES 2.18% FULLY CONVERTIBLE DEBENTURES 0.67% PIRAMAL ENTERPRISES LTD FINANCE 0.67% CERTIFICATE OF DEPOSITS 0.53% SIDBI CRISIL A % COMMERCIAL PAPER 2.96% Vedanta Ltd (Ex:Sesa Sterlite Ltd) CRISIL A % PIRAMAL ENTERPRISES LTD ICRA A % NON-CONVERTIBLE DEBENTURE / ZCB 22.14% Housing Development Finance Corporation Ltd CRISIL AAA 9.59% National Bank for Agricultural & Rural Development CRISIL AAA 9.22% Cholamandalam Investment and Finance Company Ltd ICRA AA+ 1.85% TATA Capital Financial Services Ltd ICRA AA+ 0.56% L&T Infrastructure Finance Co Ltd CARE AAA 0.37% Power Finance Corporation Ltd CRISIL AAA 0.36% TATA Capital Housing Finance Ltd CRISIL AA+ 0.19% CBLO (including TBILL held as Collateral)/Reverse 3.79% Repo/Net Current /Cash/Cash Equivalent The investment objective of the scheme is to provide periodic returns and capital appreciation over a long period of time, investing predominantly in equity and equity related 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. 30th April 2018 Equity and Equity Related Instruments: 65% To 80% Debt & Money Market Instruments: 20% To 35% Investment in REITs & InvITs: 0% To 10% ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : Upto 15% of units redeemed within 365 days of allotment-nil More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-nil Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : CRISIL Hybrid Aggressive Index^ Fund Manager Debt Portion: Mr. Killol Pandya : Total experience of 18 years Equity Portion: Mr. Viral Berawala : Total experience of 18 years For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13,14&16. For performance of other schemes managed by Mr. Killol Pandya please refer to page nos. 6,7,8,9,10&11. TER - Reg (%) 3.12 TER - Direct (%) 1.98 Growth Normal Dividend Dividend Dividend Dividend Yearly Dividend Maturity Profile % Weightage Above 1 Year 0.92% Below 1 Year 24.71% Cash & Cash Equivalent 3.79% Please refer to page no. 13 for tax on dividend distribution Please refer to page no. 18 for Product Labeling Asset Allocation 2.96% 3.79% 0.53% Equity InvIT 22.14% Fully Convertible Debentures Non Convertible Debentures/Floating Rates Notes/Bonds 0.67% 2.18% 67.73% Industry Allocation - Equity(%) 17.15% BANKS Certificate of Deposit Commercial Papers CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent 5% Small Cap Mid Cap Large Cap 12% 8.84% 8.01% 5.77% 3.78% 3.54% 2.82% 2.64% 2.00% 1.74% 1.70% 1.60% 1.38% 1.27% 0.95% 0.80% 0.76% 0.75% 0.65% 0.62% 0.52% 0.44% FINANCE SOFTWARE CONSUMER NON DURABLES PETROLEUM PRODUCTS Rating Profile (%)- Debt 23.03% AUTO CONSTRUCTION PROJECT CRISIL AAA/CARE AAA/CRISIL A1+/ICRA A1+ AUTO ANCILLARIES GAS INDUSTRIAL PRODUCTS NON - FERROUS METALS 2.60% CRISIL AA+/ICRA AA+ CEMENT POWER PHARMACEUTICALS 70.58% MEDIA & ENTERTAINMENT Equity/InvIT/Fully Convertible Debentures/Derivatives CONSUMER DURABLES INDUSTRIAL CAPITAL GOODS FERROUS METALS 3.79% HEALTHCARE SERVICES CBLO/ Cash & Cash Equivalent TEXTILE PRODUCTS 50% TELECOM - SERVICES PAPER Please refer to page no. 13 for tax on dividend distribution, Please refer to page no. 18 for Product Labeling 12

13 ESSEL LARGE CAP EQUITY FUND (Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks) Rating Equity & Equity Related 97.85% HDFC Bank Ltd BANKS 9.50% Infosys Ltd SOFTWARE 5.30% ICICI Bank Ltd BANKS 3.82% Tata Consultancy Service Ltd SOFTWARE 3.82% Larsen & Toubro Ltd CONSTRUCTION PROJECT 3.50% Housing Development Finance Corporation Ltd FINANCE 3.38% Reliance Industries Ltd PETROLEUM PRODUCTS 3.19% Maruti Suzuki India Ltd AUTO 3.07% ITC Ltd CONSUMER NON DURABLES 3.02% Kotak Mahindra Bank Ltd BANKS 2.65% Hindustan UniLever Ltd CONSUMER NON DURABLES 2.59% Repco Home Finance Ltd FINANCE 2.51% TATA Motors Ltd AUTO 2.37% State Bank of India Ltd BANKS 2.28% Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 2.10% ICICI Lombard General Insurance Company Limited FINANCE 2.04% Bosch Ltd AUTO ANCILLARIES 2.01% Motherson Sumi Systems Ltd AUTO ANCILLARIES 1.92% Indraprastha Gas Ltd GAS 1.82% Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 1.81% Vedanta Ltd (Ex:Sesa Sterlite Ltd) NON - FERROUS METALS 1.66% Eicher Motors Ltd AUTO 1.66% IndusInd Bank Ltd BANKS 1.66% Nestle India Ltd CONSUMER NON DURABLES 1.64% Petronet LNG Ltd. GAS 1.64% Container Corporation of India Ltd TRANSPORTATION 1.60% AIA Engineering Ltd INDUSTRIAL PRODUCTS 1.58% Asian Paints Ltd CONSUMER NON DURABLES 1.56% HCL Technologies Ltd SOFTWARE 1.42% Mahindra & Mahindra Ltd AUTO 1.40% Jubilant Foodworks Ltd. CONSUMER NON DURABLES 1.34% Axis Bank Ltd BANKS 1.32% Bajaj Finance Ltd FINANCE 1.29% Havells India Ltd CONSUMER DURABLES 1.29% Tata Steel Ltd FERROUS METALS 1.11% Yes Bank Limited BANKS 1.00% Sundaram Finance Ltd FINANCE 0.98% Amara Raja Batteries Ltd AUTO ANCILLARIES 0.94% Bharat Forge Ltd INDUSTRIAL PRODUCTS 0.94% Bharti Airtel Ltd TELECOM - SERVICES 0.93% Gujarat Fluorochemicals Limited INDUSTRIAL CAPITAL GOODS 0.91% Dalmia Bharat Ltd CEMENT 0.86% Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 0.85% Titan Company Ltd CONSUMER DURABLES 0.82% Tamilnadu Newsprint and Papers Ltd PAPER 0.80% eclerx Services Ltd SOFTWARE 0.77% Apollo Tyres Ltd AUTO ANCILLARIES 0.70% Punjab National Bank BANKS 0.69% IDFC Ltd FINANCE 0.49% Marico Ltd CONSUMER NON DURABLES 0.38% OCL India Limited CEMENT 0.37% Cholamandalam Investment & Finance Company Ltd FINANCE 0.29% Mahindra & Mahindra Financial Services Ltd FINANCE 0.26% CBLO (including TBILL held as Collateral)/Reverse 2.15% Repo/Net Current /Cash/Cash Equivalent The primary investment objective of the scheme is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors of large 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. (w.e.f. 1st-March'18). 28th September, 2011 ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Equity & equity related instruments of Large Exit Load : Upto 15% of units redeemed within Cap companies : 80% to 100% 365 days of allotment-nil Other Equity & Equity related instruments : More than 15% of units redeemed within 365 0% to 20% days of allotment-1% Debt & Money Market Instruments : 0% to Units redeemed after 365 days from date of 20% allotment-nil Investment in REITs and InviTs : 0% to 10% Minimum Amount: ` 1,000/- and in multiples of `1/- Benchmark : Nifty 50 Index * Fund Manager Mr. Viral Berawala - Total Experience 18 years (Managing this fund w.e.f: 3rd - April'18.)" Dividend History Net Dividend (` Per Unit) Cum Scheme / Plan Record Date Individual/ Dividend Huf Corporate Nav (In `) Normal Plan 20-Dec Direct Normal Plan 20-Dec Normal Plan 16-Nov Direct Normal Plan 16-Nov Dividend History () Regular Plan - 22-Mar Direct Plan - 22-Mar Regular Plan - 02-Nov Direct Plan - 02-Nov Regular Plan - 02-May Direct Plan - 02-May Dividend History () Regular Plan - 27-Jun Direct Plan - 27-Jun Regular Plan - 26-Oct Direct Plan - 26-Oct Dividend History (Yearly) Regular Plan - Yearly 22-Mar Direct Plan - Yearly 22-Mar Yearly Plan 26-Oct Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Large Cap Equity Fund Nifty 50*@@ Nifty 50*@@@ 1 year CAGR % 4.98% 14.20% 14.20% 3 year CAGR % 10.56% 11.42% 11.42% 5 year CAGR % 15.36% 16.03% 16.03% Since Inception CAGR % 13.12% 14.33% 14.33% Current Value of investment if ` 10000/ was invested on Inception date (in `) Current Value of investment if ` 10000/ was invested prior 1 year (in `) Current Value of investment if ` 10000/ was invested prior 3 year (in `) Current Value of investment if ` 10000/- was invested prior 5 year (in `) For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 9,10,11,13 & 14". * - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 9,10,11,13 & 14. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. SIP Returns SIP Tenure 3 5 Investment Amount 10,000 10,000 Start Date 11/08/ /09/2013 End Date 31/07/ /07/2018 Total No. Of Instalments Total Amount Invested Present Value Total No. Of 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 Rs10,000 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 Fund 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. For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,14&16 Risk Measures July 2018 Standard Deviation^(%) Benchmark Standard Deviation^ (%) Sharpe Ratio~ 0.34 Beta 0.91 TER - Reg (%) 3.25 TER - Direct (%) 2.09 Portfolio Turnover Ratio (Times) 2.04 ^Statistical returns based on monthly returns over the past 3 year data as on July 31, ~ 1 day MIBOR has been assumed as the risk-free rate of return. Asset Allocation Market Capitalisation (%) 2.15% 97.85% Industry Allocation - Equity (%) 22.92% BANKS 11.31% 11.24% 10.53% 8.50% SOFTWARE FINANCE CONSUMER NON DURABLES Equity CBLO (including TBILL held as Collateral)/ Reverse Repo/ Net Current / Cash/Cash Equivalent AUTO 6% 9% Small Cap Mid Cap Large Cap 83% 5.57% 5.29% 3.50% 3.46% 2.72% 2.52% 2.11% 1.66% 1.60% 1.23% 1.11% 0.93% 0.85% 0.80% AUTO ANCILLARIES PETROLEUM PRODUCTS CONSTRUCTION PROJECT GAS Growth Normal Dividend Dividend Dividend Yearly Dividend Tax on Dividend Distribution Nature Individual/HUF Domestic Companies Liquid Funds 29.12% % Debt Funds 29.12% % Equity Funds % % INDUSTRIAL CAPITAL GOODS INDUSTRIAL PRODUCTS CONSUMER DURABLES NON - FERROUS METALS TRANSPORTATION CEMENT FERROUS METALS TELECOM - SERVICES PHARMACEUTICALS PAPER Please refer to page no 17 for statutory details Please refer to page no. 18 for Product Labeling Past Performance is no guarantee of future results. For details please refer Page

14 ESSEL LARGE & MIDCAP FUND (Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks) Industry Equity & Equity Related 97.14% HDFC Bank Ltd BANKS 5.52% ICICI Bank Ltd BANKS 3.44% Federal Bank Ltd BANKS 3.01% Indraprastha Gas Ltd GAS 2.99% Godrej Agrovet Limited CONSUMER NON DURABLES 2.93% Sundaram Fasteners Ltd AUTO ANCILLARIES 2.87% Sundaram Finance Ltd FINANCE 2.80% AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.70% Astral Poly Technik Ltd. INDUSTRIAL PRODUCTS 2.52% Castrol India Ltd PETROLEUM PRODUCTS 2.34% Kotak Mahindra Bank Ltd BANKS 2.32% City Union Bank Ltd BANKS 2.31% Berger Paints CONSUMER NON DURABLES 2.24% Info Edge (India) Ltd SOFTWARE 2.11% Supreme Industries Ltd INDUSTRIAL PRODUCTS 2.10% Bajaj Finance Ltd FINANCE 2.06% Petronet LNG Ltd. GAS 2.03% TTK Prestige Limited CONSUMER DURABLES 2.03% Solar Industries India Ltd CHEMICALS 1.95% Max Financial Services Limited FINANCE 1.93% Tata Consultancy Service Ltd SOFTWARE 1.91% Suprajit Engineering Ltd AUTO ANCILLARIES 1.90% Bharat Financial Inclusion Ltd. FINANCE 1.86% Ratnamani Metals & Tubes Ltd FERROUS METALS 1.85% Repco Home Finance Ltd FINANCE 1.80% Motherson Sumi Systems Ltd AUTO ANCILLARIES 1.79% Nesco Ltd COMMERCIAL SERVICES 1.72% Container Corporation of India Ltd TRANSPORTATION 1.68% Gulf Oil Lubricants I Ltd PETROLEUM PRODUCTS 1.65% Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 1.56% Britannia Industries Ltd CONSUMER NON DURABLES 1.54% Havells India Ltd CONSUMER DURABLES 1.41% Bajaj Finserv Ltd FINANCE 1.38% The Ramco Cements Ltd CEMENT 1.33% Hindustan UniLever Ltd CONSUMER NON DURABLES 1.29% Larsen & Toubro Ltd CONSTRUCTION PROJECT 1.28% HCL Technologies Ltd SOFTWARE 1.27% India Nippon Electircals Ltd AUTO ANCILLARIES 1.25% ICICI Lombard General Insurance Company Limited FINANCE 1.19% OCL India Limited CEMENT 1.16% Orient Electric Limited CONSUMER DURABLES 1.12% Tata Steel Ltd FERROUS METALS 1.11% Titan Company Ltd CONSUMER DURABLES 1.10% TATA Motors Ltd AUTO 1.04% Relaxo Footwears Ltd CONSUMER DURABLES 0.98% Hero Motocorp Ltd AUTO 0.97% Ashiana Housing Limited CONSTRUCTION 0.92% eclerx Services Ltd SOFTWARE 0.87% PSP Projects Limited CONSTRUCTION 0.82% Fine Organic Industries Ltd CHEMICALS 0.81% Apcotex Industries Limited INDUSTRIAL PRODUCTS 0.76% Prism Johnson Limited CEMENT 0.69% Bosch Ltd AUTO ANCILLARIES 0.61% Apollo Tyres Ltd AUTO ANCILLARIES 0.58% Punjab National Bank BANKS 0.57% IDFC Ltd FINANCE 0.41% Marico Ltd CONSUMER NON DURABLES 0.31% Cholamandalam Investment & Finance Company Ltd FINANCE 0.24% Mahindra & Mahindra Financial Services Ltd FINANCE 0.21% CBLO (including TBILL held as Collateral)/Reverse 2.86% Repo/Net Current /Cash/Cash Equivalent The investment objective of the scheme is to generate capital appreciation over medium to long-term by investing predominantly in equity and equity related securities of mid cap companies & large 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.(w.e.f. 1st-March'18) 7th December, 2015 Equity and Equity Related Instruments of Large Cap Companies : 35% to 65% Equity and Equity Related Instruments of Midcap Companies : 35% to 65% Other Equity & Equity related instruments : 0% to 30% Debt & Money Market Instruments : 0% to 30% Investment in REITs and InvITs : 0% to 10% ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : Upto 15% of units redeemed within 365 days of allotment-nil More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment- NIL Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : S&P BSE 200 Index* Fund Manager Mr. Viral Berawala - Total Experience 18 years (Managing this fund w.e.f: 3rd - April'18. GROWTH NORMAL DIVIDEND ANNUAL DIVIDEND HALF YEARLY DIVIDEND Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Large & Midcap Fund S&P BSE 200*@ NIFTY 1 year CAGR % 6.02% 12.51% 14.20% Since Inception CAGR % 17.00% 17.30% 17.02% Current Value of investment if ` 10000/ was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) * - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13&16. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan - Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented. SIP Returns SIP Tenure (in years) 1 Investment Amount 10, Start Date 31-Aug-2017 End Date 31-Jul-2018 Total no of Installments 12 Total Amount Invested (Rs) 1,20, Present value (Rs) Total No Units CAGR (%) 4.67 XIRR(%) 4.67 Yield (%) 2.12 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 Fund 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. As on July, 2018 TER - Reg (%) 3.30 TER - Direct (%) 1.91 Portfolio Turnover Ratio (Times) 1.66 Asset Allocation 2.86% Market Capitalisation (%) Industry Allocation - Equity (%) 17.17% 13.88% BANKS FINANCE 9.00% 8.31% 8.08% 6.64% 6.16% AUTO ANCILLARIES CONSUMER NON DURABLES INDUSTRIAL PRODUCTS CONSUMER DURABLES SOFTWARE 97.14% 23% 38% Equity CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent 37% Small Cap Mid Cap Large Cap 5.02% 3.99% 3.18% 2.96% 2.76% 2.01% 1.74% 1.72% 1.68% 1.56% 1.28% GAS PETROLEUM PRODUCTS CEMENT FERROUS METALS CHEMICALS AUTO CONSTRUCTION COMMERCIAL SERVICES TRANSPORTATION INDUSTRIAL CAPITAL GOODS CONSTRUCTION PROJECT 14

15 Essel MULTI CAP Fund (An open ended equity scheme investing across large, mid & small cap stocks) Rating Equity & Equity Related 89.26% HDFC Bank Ltd BANKS 8.95% Housing Development Finance Corporation Ltd FINANCE 5.34% ICICI Bank Ltd BANKS 4.51% Kotak Mahindra Bank Ltd BANKS 3.18% Tata Consultancy Service Ltd SOFTWARE 3.00% ITC Ltd CONSUMER NON DURABLES 2.99% Bajaj Finserv Ltd FINANCE 2.73% Maruti Suzuki India Ltd AUTO 2.72% State Bank of India Ltd BANKS 2.61% HCL Technologies Ltd SOFTWARE 2.28% Larsen & Toubro Ltd CONSTRUCTION PROJECT 2.21% Bharat Financial Inclusion Ltd. FINANCE 2.06% Asian Paints Ltd CONSUMER NON DURABLES 1.84% CARE Ratings Limited FINANCE 1.78% Vedanta Ltd (Ex:Sesa Sterlite Ltd) NON - FERROUS METALS 1.76% Axis Bank Ltd BANKS 1.75% Federal Bank Ltd BANKS 1.70% SBI Life Insurance Company Limited FINANCE 1.67% Hindustan UniLever Ltd CONSUMER NON DURABLES 1.65% Cadila Healthcare Ltd PHARMACEUTICALS 1.62% Mahindra & Mahindra Ltd AUTO 1.59% Yes Bank Limited BANKS 1.56% Indian Oil Corporation Ltd PETROLEUM PRODUCTS 1.53% CESC Ltd POWER 1.50% Cyient Ltd SOFTWARE 1.48% Divis Labaratories Ltd PHARMACEUTICALS 1.46% Info Edge (India) Ltd SOFTWARE 1.45% Hero Motocorp Ltd AUTO 1.39% Carborundum Universal Limited INDUSTRIAL PRODUCTS 1.34% Mahindra & Mahindra Financial Services Ltd FINANCE 1.32% Ratnamani Metals & Tubes Ltd FERROUS METALS 1.28% BALKRISHNA INDUSTRIES LIMITED AUTO ANCILLARIES 1.28% MRF Ltd AUTO ANCILLARIES 1.26% Jubilant Foodworks Ltd. CONSUMER NON DURABLES 1.23% SUN TV Network Ltd MEDIA & ENTERTAINMENT 1.23% Ashok Leyland Ltd AUTO 1.22% Ujjivan Financial Services Ltd. FINANCE 1.20% Gujarat Fluorochemicals Limited INDUSTRIAL CAPITAL GOODS 1.12% Sun Pharmaceuticals Industries Ltd PHARMACEUTICALS 1.08% Aditya Birla Fashion and Retail Ltd RETAILING 1.04% Cochin Shipyard Ltd. INDUSTRIAL CAPITAL GOODS 0.88% Shree Cements Ltd CEMENT 0.81% Astral Poly Technik Ltd. INDUSTRIAL PRODUCTS 0.75% Apollo Tyres Ltd AUTO ANCILLARIES 0.62% Punjab National Bank BANKS 0.61% Infosys Ltd SOFTWARE 0.58% OCL India Limited CEMENT 0.51% IDFC Ltd FINANCE 0.44% Marico Ltd CONSUMER NON DURABLES 0.34% Cholamandalam Investment & Finance Company Ltd FINANCE 0.25% AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.09% United Breweries Ltd CONSUMER NON DURABLES 0.00% Others 0.47% CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent 10.74% To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of large cap, mid cap and small cap companies as defined by SEBI from time to time. 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 9th July, 2018 Equity & Equity Related Instruments # : 65% To 100% Debt & Money market Instruments: 0% To 35% Investment in REITs and InvITs: 0% To 10% # including Derivative instruments ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Exit Load : Upto 15% of units redeemed within 365 days of allotment-nil More than 15% of units redeemed within 365 days of allotment-1% Units redeemed after 365 days from date of allotment-nil (w.e.f. July 10, 2018) Minimum Amount: ` 1,000/- and in multiples of ` 1/- Benchmark : NIFTY 500 TRI Index. Fund Manager Mr. Viral Berawala : Total experience of 18 years For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13,14&16. TER - Reg (%) 3.30 TER - Direct (%) 0.90 Growth Normal Dividend Dividend Dividend Dividend Annual Dividend Asset Allocation 10.74% 89.26% Industry Allocation - Equity(%) 24.87% BANKS 17.26% FINANCE 8.79% 8.05% SOFTWARE CONSUMER NON DURABLES 6.92% AUTO Equity CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent 10% 15% Small Cap Mid Cap Large Cap 64% 4.16% 3.16% 2.21% 2.18% 2.00% 1.76% 1.53% 1.50% 1.32% 1.28% 1.23% 1.04% PHARMACEUTICALS AUTO ANCILLARIES CONSTRUCTION PROJECT INDUSTRIAL PRODUCTS INDUSTRIAL CAPITAL GOODS NON - FERROUS METALS PETROLEUM PRODUCTS POWER CEMENT FERROUS METALS MEDIA & ENTERTAINMENT RETAILING Please refer to page no. 13 for tax on dividend distribution, Please refer to page no. 18 for Product Labeling 15

16 ESSEL LONG TERM ADVANTAGE FUND (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Industry EQUITY SHARES 96.92% HDFC Bank Ltd BANKS 9.01% Tata Consultancy Service Ltd SOFTWARE 4.01% Kotak Mahindra Bank Ltd BANKS 3.68% ICICI Bank Ltd BANKS 3.43% State Bank of India Ltd BANKS 2.76% Bharat Financial Inclusion Ltd. FINANCE 2.74% Larsen & Toubro Ltd CONSTRUCTION PROJECT 2.45% Godrej Agrovet Limited CONSUMER NON DURABLES 2.36% Hindustan UniLever Ltd CONSUMER NON DURABLES 2.28% Federal Bank Ltd BANKS 2.23% ITC Ltd CONSUMER NON DURABLES 2.18% Nestle India Ltd CONSUMER NON DURABLES 2.18% AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.17% HCL Technologies Ltd SOFTWARE 2.05% Container Corporation of India Ltd TRANSPORTATION 2.01% Sundaram Fasteners Ltd AUTO ANCILLARIES 1.97% eclerx Services Ltd SOFTWARE 1.94% Repco Home Finance Ltd FINANCE 1.92% Britannia Industries Ltd CONSUMER NON DURABLES 1.84% Motherson Sumi Systems Ltd AUTO ANCILLARIES 1.82% Maruti Suzuki India Ltd AUTO 1.79% Petronet LNG Ltd. GAS 1.72% Indraprastha Gas Ltd GAS 1.71% Orient Electric Limited CONSUMER DURABLES 1.63% Bajaj Finserv Ltd FINANCE 1.60% Jyothy Laboratories Ltd CONSUMER NON DURABLES 1.44% Havells India Ltd CONSUMER DURABLES 1.43% Sundaram Finance Ltd FINANCE 1.41% Eicher Motors Ltd AUTO 1.39% CESC Ltd POWER 1.36% OCL India Limited CEMENT 1.35% The Ramco Cements Ltd CEMENT 1.34% Jubilant Foodworks Ltd. CONSUMER NON DURABLES 1.32% India Nippon Electircals Ltd AUTO ANCILLARIES 1.31% Castrol India Ltd PETROLEUM PRODUCTS 1.31% Ratnamani Metals & Tubes Ltd FERROUS METALS 1.30% Infosys Ltd SOFTWARE 1.28% Bajaj Finance Ltd FINANCE 1.27% Bharat Forge Ltd INDUSTRIAL PRODUCTS 1.20% Supreme Industries Ltd INDUSTRIAL PRODUCTS 1.13% Orient Paper & Industries Ltd PAPER 1.12% Nesco Ltd COMMERCIAL SERVICES 1.09% Sanghvi Movers Ltd INDUSTRIAL CAPITAL GOODS 1.05% Carborundum Universal Limited INDUSTRIAL PRODUCTS 1.05% Vedanta Ltd (Ex:Sesa Sterlite Ltd) NON - FERROUS METALS 1.04% Axis Bank Ltd BANKS 1.03% Tata Steel Ltd FERROUS METALS 0.95% TI Financial Holdings Limited FINANCE 0.94% Prism Johnson Limited CEMENT 0.92% Titan Company Ltd CONSUMER DURABLES 0.91% Amara Raja Batteries Ltd AUTO ANCILLARIES 0.83% Yes Bank Limited BANKS 0.76% Swaraj Engines Ltd INDUSTRIAL PRODUCTS 0.68% Ashiana Housing Limited CONSTRUCTION 0.63% AU Small Finance Bank Limited BANKS 0.60% CBLO (including TBILL held as Collateral)/Reverse 3.08% Repo/Net Current /Cash/Cash Equivalent 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 Rs1,50,000/- 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. 30th December, 2015 ` Crs ( AAUM for July, 2018) ` Crs ( AAUM for July, 2018) Equity and Equity Related Instruments: 80% Exit Load : NIL to 100% Minimum Amount: ` 500/- and in multiples of Debt and Money Market Instruments: 0% to ` 500/- 20% Benchmark : S&P BSE 100 Index* Fund Manager Mr. Viral Berawala - Total Experience 18 years (Managing this fund w.e.f: 3rd - April'18. GROWTH DIVIDEND Asset Allocation Performance as on July 31, 2018 (Last Business Day Of The Month) Period Essel Long Term Advantage Fund S&P BSE NIFTY 1 year CAGR % 7.38% 12.84% 14.20% Since Inception CAGR % 15.17% 16.92% 16.71% Current Value of investment if ` 10000/ was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) * - The returns are calculated to the Total Return Index (TRI) variant of the - - Additional Benchmark For performance of other schemes managed by Mr. Viral Berawala please refer to page nos. 10,11,13&14. Expense structure for Direct & Regular Plan may vary. Past performance may or may not be sustained in future 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 Regular Plan- Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented. SIP Returns SIP Tenure (in years) 1 Investment Amount 10, Start Date 31-Aug-2017 End Date 31-Jul-2018 Total no of Installments 12 Total Amount Invested (Rs) 1,20, Present value (Rs) 1,24, Total No Units CAGR (%) 8.49 XIRR(%) 8.43 Yield (%) 3.80 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 Fund 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. As on July, 2018 TER - Reg (%) 3.24 TER - Direct (%) 1.78 Portfolio Turnover Ratio (Times) 1.06 Market Capitalisation (%) Industry Allocation - Equity (%) 23.50% 17% 23% 56% Small Cap Mid Cap Large Cap 13.60% 9.88% 9.28% 6.23% 5.93% 3.97% 3.61% 3.43% 3.18% 2.45% 2.25% 2.01% 1.36% 1.31% 1.12% 1.09% 1.05% 1.04% 0.63% 3.08% 96.92% Equity CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current /Cash/Cash Equivalent BANKS CONSUMER NON DURABLES FINANCE SOFTWARE INDUSTRIAL PRODUCTS AUTO ANCILLARIES CONSUMER DURABLES CEMENT GAS AUTO CONSTRUCTION PROJECT FERROUS METALS TRANSPORTATION POWER PETROLEUM PRODUCTS PAPER COMMERCIAL SERVICES INDUSTRIAL CAPITAL GOODS NON - FERROUS METALS CONSTRUCTION Please refer to page no 17 for statutory details 16

17 FUNDS AT A GLANCE FOR ESSEL MUTUAL FUND Scheme Name Additional Purchase amt. Additional Purchase in multiples above Essel Liquid Fund ` 100/- Multiples of ` 1/- Essel Ultra Short Term Fund ` 100/- Multiples of ` 1/- Essel Short Term Fund ` 100/- Multiples of ` 1/- Essel Flexible Income Fund Essel Regular Savings Fund Essel 3 in 1 Fund Essel Equity Hybrid Fund Essel Large Cap Equity Fund (w.e.f. 2nd- April '18, earlier known as Essel Equity Fund) Essel Long Term Advantage Fund Essel Large & Midcap Fund ` 100/- Multiples of ` 1/- ` 100/- Multiples of ` 1/- ` 100/- Multiples of ` 1/- ` 100/- Multiples of ` 1/- ` 1/- Multiples of ` 1/- ` 500/- Multiples of ` 500/- ` 100/- Multiples of ` 1/- Essel Multi Cap Fund ` 100/- Multiples of ` 1/- Minimum Redemption ` 1000/- and in multiples of ` 1/- or account balance which- ever is lower ` 1000/- and in multiples of ` 1/- or account balance which- ever is lower ` 1000/- and in multiples of ` 1/- ` 1000/- and in multiples of ` 1/- ` 1000/- and in multiples of ` 1/- ` 1000/- or account balance, which ever is lower ` 1000/- or account balance, which ever is lower `1000/- or account balance, which ever is lower ` 1000/- or account balance, which ever is lower ` 1000/- or account balance, which ever is lower ` 1000/- or account balance, which ever is lower Min Redemption units Redemption Payout Cycle SIP SIP Frequency NA T+1 Yes, & NA T+1 Yes, & 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower 100 units or account balance whichever is lower T+1 Yes, & T+1 Yes, & T+1 Yes, & T+1 Yes, & T+3 Yes, & T+3 Yes, & T+3 Yes, & T+3 Yes, & T+3 Yes, & SIP Min amt SIP Min no. of Chqs - ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` ` installments, 12 -installments, 4 installments, 2 installments SIP Starting Date SWP SWP Frequency, every alternate wednesday/ -Any Day of the month except 29th, 30th, 31st/ - Any Day of the month except for each Quarter (i.e. January, April, July, October) except 29th, 30th, 31st/ - Any Day of the month except for each (i.e. September, March) except 29th, 30th, 31st Yes and Yes and Yes and Yes and Yes and Yes and Yes & Yes and *Yes & Yes & Yes & SWP Min. Amt - ` 500/- - ` 1500/- - ` 500/- ` 1500/- - ` 500/- - ` 1500/- - ` 500/- ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- - ` 500/- - ` 1500/- SWP Starting Date : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; : 5th of the month; STP STP Frequency Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, *Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, STP Min Amt STP Starting Date AUM as on July 31, 2018 Weekly & ` 500 Weekly & ` 500 Weekly & ` 500 Weekly & ` 500 Weekly & ` 500 Weekly & ` 500 each Weekly & ` 500 each Weekly & ` 500 each Weekly & ` 500 each each Weekly & ` 500 each each Weekly & ` 500 each Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fort- nightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fort- nightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday (every alternate Wednesday)(as on specified dates) Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday (every alternate Wednesday)(as on specified dates) Daily, Weekly (every Wednesday (every alternate Wednesday)(as on specified dates) Note: The Trustee will endeavor to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declarations of Dividend and frequency will inter-alia depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that the Dividend will be paid regularly. Dividend payable under Dividend Payout option (Weekly Option) is equal to or less than ` 500 then the Dividend would be compulsorily reinvested in the option of the Scheme. In case an investor fails to specify his preference of Plans/Sub Plans/Options in the below mentioned schemes, the default Plan/Sub Plan/Options would be as above. * SWP/STP available only after completion of statutory lock-in period of 3 years from the date of investment by the investor. Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Essel Finance AMC Limited.(EFAL)(formerly Peerless Funds Management Co. Ltd. (PFMCL)). Its subsidiaries / affiliates/ sponsors / trustee (Essel Finance AMC Limited) (formerly Peerless Funds Management Co Ltd. Group) or their officers, employees, personnel, directors may be associated in a commercial, professional or personal capacity or may have a commercial interest including as proprietary traders in or with securities and / or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render (EFAL) liable in any manner whatsoever & (EFAL) or any of their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication form time to time. Recipients of the information contained herein should exercise due care and caution and read the Scheme information Document(s) and Statement of Additional information (including if necessary, obtaining the advice of tax/ legal/accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. CARE Rating Methodology: Essel Liquid Fund, Essel Ultra Short Term Fund, Essel Short Term Fund & Essel Flexible Income Fund have been assigned Credit Risk Rating AAAmfs by CARE Rating (Credit Analysis and Research Limited) CARE s fund credit quality ratings are opinions on the overall credit quality of specific debt mutual fund. The rating captures fund s overall exposure to default risk. CARE uses the concept of credit scores, assigned to individual securities, as per credit scoring matrix developed by CARE. The score is essentially a function of the credit quality and rating of security and its internal residual maturity. The rating includes assessment of various qualitative factors including management quality and management information systems and risk management systems in various operational areas. CARE reviews the related mutual fund on an ongoing basis to support its published rating opinions. A detailed methodology can be sourced from or Credit Analysis & Research Ltd. Statutory details: Essel Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Essel MF Trustee Limited (liability restricted to ` 1 Lakh) (formerly The Peerless General Finance & Investment Company Limited(liability restricted to ` 1 Lakh) Trustee: Essel MF Trustee Limited (formerly The Peerless General Finance & Investment Company Limited (liability restricted to ` 1 Lakh)) Investment Manager: Essel Finance AMC Limited (the AMC) (formerly Peerless Funds Management Co. Ltd.(PFMCL)) ` 1, Crs ` Crs ` Crs ` 0.29 Crs ` Crs ` Crs ` Crs ` Crs ` Crs ` Crs ` Crs MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. 17 This fact sheet is for informational purpose only and under no circumstances is to be used or considered as an investment advice

18 NAME OF THE SCHEME Essel Liquid Fund (An Open Ended Liquid Scheme) PRODUCT LABELING THESE PRODUCTS ARE SUITABLE FOR INVESTORS WHO ARE SEEKING* Income over short term. Investments in debt and money market Instruments Degree of risk LOW RISK RISKOMETER Investors understand that their principal will be at Low risk Essel Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months.) Income over short term. Investment in money market and short term debt instruments. Degree of risk MODERATELY LOW RISK Essel Short Term Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year - 3 years) Income over short to medium term. Investment in debt and money market instruments. Degree of risk MODERATELY LOW RISK Investors understand that their principal will be at Moderately Low risk Essel Flexible Income Fund (An open ended dynamic debt scheme investing across duration) Income over medium to long term. Investment in debt instruments including bonds, debentures and government securities and money market instruments over various maturity periods Degree of risk MODERATE RISK Investors understand that their principal will be at Moderate risk Essel Regular Savings Fund (An open ended hybrid scheme investing predominantly in debt instruments) Income over medium to long term. Investment in high quality fixed income securities and with a marginal exposure to equity and equity related instruments. Degree of risk MODERATELY HIGH RISK Essel 3 In 1 Fund (An open ended scheme investing in Debt, Equity and Gold) Essel Large Cap Equity Fund (w.e.f. 2nd- April'18, earlier known as Essel Equity Fund) (Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks) Essel Large & Midcap Fund (Large & Midcap Fund - An open ended equity scheme investing in both large cap and mid cap stocks) Essel Multi Cap Fund (An open ended equity scheme investing across large, mid & small cap stocks) Essel Long Term Advantage Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Essel Equity Hybrid Fund (An Open Ended Hybrid Scheme investing predominantly in equity & equity related instruments) Capital appreciation over the long term. To generate long term capital appreciation through a portfolio of fixed income securities, Gold Exchange traded funds (ETFs) of other mutual funds and gold related instruments and equity & equity related Instruments. Degree of risk MODERATELY HIGH RISK Capital appreciation over the long term. investing in an actively managed portfolio predominantly consisting of Equity & equity related securities diversified over various sectors of large cap companies Degree of risk MODERATELY HIGH RISK Capital appreciation over medium to long term Investing predominantly in equity and equity related securities of mid cap companies & large cap companies. Degree of risk MODERATELY HIGH RISK Capital appreciation over the long term. To generate capital appreciation by predominantly investing in equity and equity related instruments across large cap, mid cap, small cap stocks Degree of risk MODERATELY HIGH RISK Capital appreciation over long term Investment in equity and equity related instruments. Degree of risk MODERATELY HIGH RISK Capital appreciation over the long term To generate capital appreciation by predominantly investing in equity and equity related instruments. Degree of risk MODERATELY HIGH RISK Investors understand that their principal will be at Moderately High risk * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Quick Connect Toll free : mutualfund@esselfinance.com Please refer to page no. 17 for statutory details 18

19 ESSEL MUTUAL FUND OFFICES Registered Office: Essel Finance AMC Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata Tel , Fax : CIN No: U65990WB2009PLC Investment & Operations Office : 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/ Cinemax Opp. Residency Hotel Andheri (East), Mumbai ,Maharashtra Toll Free : Fax : Branches/Customer Service Centres : EAST - AGARTALA: Agartala branch, Saha building, C/o late Rajmohan Saha, Durgabari Lane, Agartala, Tripura (West), Pin , *CONTAI: Vill: Dhandighi,Holding No.: 359/351, 1st Floor, P.O. & P.S.: Contai, Pin : ,West Bengal, DURGAPUR: Unit NoA-212,Kamdhenu Commercial Complex,City Centre,Durgapur , West Bengal, *GHATAL: Argora, P.O. & P.S.: Ghatal,Dist: Paschim Medinipur, Pin : , West Bengal, *GUWAHATI: 2nd Floor,Suren Paradise Market,Opp Hanuman Mandir, Ulubari, G S Road, Guwahati ,City Centre,Assam, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata , SILIGURI: Siliguri Branch, Nanak Complex,3rd Floor, Above IDBI Bank, Sevoke Road, P.O. Siliguri, Dist. Darjeeling , WEST - *MUMBAI: 601, Jet Prime, Plot No. 39-B, Suren Road, Andheri (E), Mumbai , FORT: KK Chamber,2nd Floor, Sir Purushottam Thakurdas Marg. Mumbai , THANE: 503, Ace business center near Navnit motor,gokul Nagar, Above PNB bank.thane west , BARODA: First floor 121, Dwarkesh Complex R.C Dutt road, Alkapuri Vadodara , *AHMEDABAD: 503, Silicon Tower, Nr. Samarthehwar Mahadev Temple Opp. Axis Bank Lane, Law Garden Ahmedabad , NASHIK: 57Karankala Bungalow,Opp Old NMC Pandit Colony Nashik , *PUNE: Aurora Towers,9 Moledina Road,West Wing,First Floor,Camp,Pune NORTH - *NEW DELHI: 510, Ansal Bhawan, K G Marg, Connaught Place, New Delhi, , *LUCKNOW: 103,Trade Point,4A,Ground Floor Saran Chambers-1, 5 Park Road, Hazratganj Lucknow , *JAIPUR: F , First Floor, City Pearl, Vidhayak Puri road, Opp. Gangaur Hotel, Jaipur , CHANDIGARH: SCO 59/60, 1st Floor, Sector 9D Madhya Marg Chandigarh , LUDHIANA: SCO 7, Front Portion of Mezzanine Floor, Feroze Gandhi Market, Ludhiana , KANPUR: Essel Finance VKC Forex Ltd, Room no 516, 5th Floor City Centre, The Mall Kanpur SOUTH - *BANGALORE: Office No: 1 The Presidency Unit No: G-1/6, St. Marks Road Bengaluru , *CHENNAI: Gee Gee Universal, No.2, 3rd Floor MC Nicholas Road, Near Dr.Mehta Hospital Chetpet, Chennai , *COIMBATORE: 1078 Nagappa Complex Mettupalayam High Road Coimbatore , *HYDERABAD: Moin Court, ,A.C Guard, Masabtank, Hyderabad * Note : These locations are Official Points of Acceptance. Registrar and Transfer Agent : Karvy Computershare Pvt. Ltd. KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad Telangana List of point of Acceptances of Karvy Computer Share Private limited Agartala: Bidurkarta Chowmuhani, J N Bari Road, Tripura ( West ), Agartala , Agra: 1St Floor, Deepak Wasan Plaza, Behind Holiday Inn,,Sanjay Place, Agra , Ahmedabad: 201/202 Shail Complex, Opp: Madhusudan House, B/H Girish Cold Drink, Off C G Road, Navrangpura, Ahmedabad , Ajmer: 302, 3rd Floor, Ajmer Auto Building, Opposite City Power House, Jaipur Road; Ajmer , Akola: Yamuna Tarang Complex, Shop No 30, Ground Floor, N.H. No- 06, Murtizapur Road, Opp Radhakrishna Talkies, Akola , Aligarh: 1St Floor, Kumar Plaza, Ramghat Road, Aligarh , Allahabad: Rsa Towers, 2Nd Floor, Above Sony Tv Showroom, 57, S P Marg, Civil Lines, Allahabad , Alleppy: 1st Floor, Jp Towers, Mullackal, Ksrtc Bus Stand, Alleppy , Alwar: 101, Saurabh Tower, Opp. Uit, Near Bhagat Singh Circle, Road No.2, Alwar , Amaravathi: Shop No. 21, 2nd Floor, Gulshan Tower, Near Panchsheel Talkies, Jaistambh Square, Amaravathi , Ambala: 6349, Nicholson Road, Adjacent Kos Hospitalambala Cant, Ambala , Amritsar: 72-A, Taylor S Road, Opp Aga Heritage Club, Amritsar , Anand: B-42 Vaibhav Commercial Center, Nr Tvs Down Town Shrow Room, Grid Char Rasta, Anand , Ananthapur: #15/149,1St Floor, S R Towers,Subash Road, Opp. To Lalitha Kala Parishad, Anantapur , Andheri: 6 & 7, 131 Andheri Industrial Estate-Veera Desai Road, Andheri (west),mumbai , Ankleshwar: L/2 Keval Shopping Center, Old National Highway, Ankleshwar, Ankleshwar , Asansol: 114/71 G T Road, BHANGA PANCHIL NEAR NOKIA CARE-Asansol , Aurangabad: Ramkunj Niwas, Railway Station Road, Near Osmanpura Circle, Aurangabad , Azamgarh: 1St Floor, Alkal Building, Opp. Nagaripalika Civil Line, Azamgarh , Balasore: M.S Das Street, Gopalgaon, Balasore,Orissa, Balasore , Bangalore: 59, Skanda puttanna Road, Basavanagudi, Bangalore , Bankura: Ambika Market Complex (Ground Floor), Nutanganj, Post & Dist Bankura,-Bankura , Bareilly: 1ST FLOOR,REAR SIDE,A -SQUARE BUILDING, 154-A CIVIL LINES,OPP.D. M. RESIDENCE, STATION ROAD,BAREILLY, Bareilly , Barhampore (Wb): Thakur Market Complex, Gorabazar, Post Berhampore Dist Murshidabad, 72 No Nayasarak Road, Barhampore (Wb) , Baroda: 203, Corner point, Jetalpur Road, Baroda, Gujarat, Baroda , Begusarai: Near Hotel Diamond Surbhi Complex, O.C Township Gate, Kapasiya Chowk, Begusarai , Belgaum: Cts No 3939/ A2 A1, Above Raymonds Show Room Beside Harsha Appliances, Club Road, Belgaum , Bellary: Shree Gayathri Towers, #4, 1st Floor, K.H.B.Colony, Gopalaswamy Mudaliar Road, Gandhi Nagar-Bellary , Berhampur (Or): Divya Nandan Kalyan Mandap, 3rd Lane Dharam Nagar, Near Lohiya Motor, Berhampur (Or) , Betul: 107, 1st Floor, Hotel Utkarsh, J. H. College Road -Betul , Bhagalpur: 2Nd Floor, Chandralok Complex,Ghantaghar, Radha Rani Sinha Road, Bhagalpur , Bharuch: Shop No , Aditya Complex, Near Kasak Circle, Bharuch , Bhatinda: #2047-A 2Nd Floor, The Mall Road, Above Max New York Life Insurance, Bhatinda , Bhavnagar: 303, STERLING POINT, WAGHAWADI ROAD, -Bhavnagar , Bhilai: Shop No -1, First Floor Plot No -1, Commercial Complex Nehru Nagar - East-Bhilai , Bhilwara: Shop No , 1St Floor, Heera Panna Market, Pur Road, Bhilwara , Bhopal: Kay Kay Business Centre, 133, Zone I, Mp Nagar, Above City Bank, Bhopal , Bhubaneswar: A/181, Back Side Of Shivam Honda Show Room, Saheed Nagar-Bhubaneswar , Bikaner: 70-71, 2Nd Floor Dr.Chahar Building, Panchsati Circle, Sadul Ganj, Bikaner , Bilaspur: Shop No -225,226 & 227,2nd Floor, Narayan Plaza, Link Road-Bilaspur , Bokaro: B-1, 1St Floor, City Centre, Sector- 4, Near Sona Chandi Jwellars, Bokaro , Borivali: Gomati Smuti,Ground Floor, Jambli Gully, Near Railway Station, Borivali, Mumbai , Burdwan: 63 Gt Road, Halder Complex 1St Floor-Burdwan , Calicut: 2nd Floor Soubhagya Shopping Complex, Arayidathpalam, Mavoor Road, Calicut , Chandigarh: Sco , Above Mirchi Restaurent, New Aroma Hotel, First Floor, Sector 22-C, Chandigarh , Chandrapur: Shop No-6 Office No-2, 1St Floor Rauts Raghuvanshi Complex, Beside Azad Garden Main Road, Chandrapur , Chembur : Shop No 4, Ground Floor, Shram Saflya Bldg-N G Acharya Marg, Chembur, Mumbai , Chennai: F-11, Akshaya Plaza, 1St Floor, 108, Adhithanar Salai, Egmore, Opp To Chief Metropolitan Court, Chennai , Chinsura: J C Ghosh Saranu,Bhanga Gara, Chinsurah, Hooghly-Chinsurah , Cochin: Ali Arcade, 1St Floor,Kizhavana Road, Panampilly Nagar, Near Atlantis Junction, Ernakualm , Coimbatore: 3rd Floor, Jaya Enclave, 1057 Avinashi Road-Coimbatore , Cuttack: Opp Dargha Bazar Police station, Dargha Bazar, Po - Buxi Bazar,-Cuttack , Darbhanga: Jaya Complex,2Nd Floor, Above Furniture Planet,Donar, Chowk, Darbhanga , Davangere: D.No 376/2, 4th Main, 8th Cross, P J Extension, Opp Byadgishettar School-Davangere , Dehradun: Kaulagarh Road, Near Sirmaur Margabove, Reliance Webworld, Dehradun , Deoria: 1St Floor, Shanti niketan, Opp. Zila Panchayat, Civil Lines, Deoria , Dewas: 27 Rmo House, Station Road, Above Maa Chamunda Gaes Agency, Dewas , Dhanbad: 208 New Market 2Nd Floor, Bank More-Dhanbad , Dharwad: 307/9-A 1st Floor, Nagarkar Colony, Elite Business Center, Nagarkar Colony,P B Road, Dharwad , Dhule: Ground Floor Ideal Laundry, Lane No 4, Khol Galli, Near Muthoot Finance, Opp Bhavasar General Store, Dhule , Dindigul: No : 9 Old No:4/B, New Agraharam, Palani Road,-Dindigul , Durgapur: MWAV-16 BENGAL AMBUJA, 2ND FLOOR CITY CENTRE, Distt. BURDWAN, Durgapur-16, Durgapur , Eluru: DNO-23A-7-72/73,K K S PLAZA, MUNUKUTLA VARI STREET, OPP ANDHRA HOSPITALS, R R PETA, Eluru , Erode: No: 4, Veerappan Traders Complex, KMY Salai, Sathy Road, Opp. Erode Bus Stand, Erode , Faridabad: A-2B, 3rd Floor, Neelam Bata Road, Peer ki Mazar, Nehru Groundnit, Faridabad , Ferozpur: The Mall Road, Chawla Bulding, Ist Floor, Opp. Centrail Jail, Near Hanuman Mandir, Ferozepur , Gandhidham: Shop # 12, Shree Ambica Arcade, Plot # 300, Ward 12. Opp. CG High School, Near HDFC Bank, Gandhidham , Gandhinagar: 123, First Floor, Megh Malhar Complex, Opp. Vijay Petrol Pump, Sector - 11, Gandhinagar , Gaya: 54 Lal Kothi Compound, Shree Krishna Road, 2nd Floor, North Side, Near Royal Surya Hotel, Gaya , Ghaziabad: 1St Floor C-7,-Lohia Nagar, Ghaziabad , Ghazipur: 2Nd Floor, Shubhra Hotel Complex, Mahaubagh, Ghazipur , Gonda: Shri Market, Sahabgunj, Station Road, Gonda , Gorakhpur: Above V.I.P. House ajdacent, A.D. Girls College, Bank Road, Gorakpur , Gulbarga: Cts No St Floor, Asian Towers, Jagath Station Main Road, Next To Adithya Hotel, Gulbarga , Guntur: D No ,Srinilayam, Arundelpet, 10/1, Guntur , Gurgaon: Shop No.18, Ground Floor,Sector - 14, Opp. Akd Tower, Near Huda Office, Gurgaon , Guwahati: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road,-Guwahati , Gwalior: 2nd Floor, Rajeev Plaza, Jayendra Ganj, Lashkar-Gwalior , Haldwani: Above Kapilaz, Sweet House, Opp Lic Building,Pilikothi, KALADHUNGI ROAD, Haldwani , Haridwar: 8, Govind Puri, Opp. LIC - 2, Above Vijay Bank, Main Road, Ranipur More, Haridwar , Hassan: SAS no-212, Ground Floor,Sampige Road 1st cross, Near Hotel Souther Star, K R Puram, Hassan , Hissar: Sco 71, 1st Floor, Red Square Market, Hissar , Hoshiarpur: 1St Floor, The Mall Tower, Opp Kapila Hospital, Sutheri Road, Hoshiarpur , Hubli: CTC No.483/A1/A2, Ground Floor,Shri Ram Palza, Behind Kotak Mahindra Bank,Club Road, Hubli , Hyderabad: KARVY HOUSE, No:46, /K, Avenue 4, Street No. 1, Banjara Hills, Hyderabad , Hyderabad(Gachibowli): Tower B, plot no 31&32, Financial District, Nanakram guda, Serilingampally, Gachibowli, Hyderabad , Indore: 2nd floor, Balaji Corporate House, Above ICICI bank, 19/1 New Palasia, NearCurewell Hospital, Janjeerwala Square Indore, Indore , Jabalpur: Grover Chamber, 43 Naya Bazar Malviya Chowk, Opp Shyam Market, Jabalpur , Jaipur: S16/A IIIrd Floor, Land Mark Building Opp Jai Club, Mahaver Marg C Scheme, Jaipur , Jalandhar: 1st Floor,Shanti Towers, SCO No. 37, PUDA Complex, Opposite Tehsil Complex, Jalandhar , Jalgaon: 269, Jaee Vishwa, 1 St Floor, Baliram Peth, Above United Bank Of India, Near Kishor Agencies., Jalgaon , Jalpaiguri: D B C Road Opp Nirala Hotel, Opp Nirala Hotel, Opp Nirala Hotel, Jalpaiguri , Jammu: Gupta s Tower, 2nd Floor, CB-12, Rail Head complex, Jammu , Jamnagar: Madhav Palaza, Opp Sbi Bank, Nr Lal Bunglow, Jamnagar , Jamshedpur: 2ND FLOOR, R R SQUARE, SB SHOP AREA,NEAR RELIANCE FOOT PRINT & HOTEL- BS PARK PLAZA, MAIN ROAD, BISTUPUR, Jamshedpur , Jaunpur: R N Complex, G, In Front Of Pathak Honda, Ummarpur, Jaunpur , Jhansi: 371/01, Narayan Plaza,Gwalior Road, Near Jeevan Shah Chauraha, Jhansi , Jodhpur: 203, Modi Arcade, Chopasni Road -Jodhpur , Junagadh: Punit Shopping Center, M.G Road, Ranavav Chowk, Junagadh , Kannur: 2 Nd Floor, Prabhath Complex, Fort Road, Nr.Icici Bank, Kannur , Kanpur: 15/46, B, Ground Floor, Opp : Muir Mills, Civil Lines, Kanpur , Karaikudi: No. 2,Gopi Arcade, 100 Feet Road,-Karaikudi , Karimnagar: D.No: ,2nd floor, Rathnam Arcade, Jyothi Nagar, Karimnagar , Karnal: 18/369,Char Chaman, Kunjpura Road, Behind Miglani Hospital, Karnal , Karur: No.6, old No.1304, Thiru-vi-ka Road, Near G.R.Kalyan Mahal, Karur , Kharagpur: 180 Malancha Road,-Beside Axis Bank Ltd, Kharagpur , Kolhapur: 605/1/4 E Ward, Shahupuri 2Nd Lane, Laxmi Niwas, Near Sultane Chambers, Kolhapur , Kolkata: Apeejay House ( Beside Park Hotel ), C Block,3rd Floor, 15 Park Street, Kolkata , Kollam: Sree Vigneswara Bhavan, Shastri Junction, Kadapakada, Kollam , Korba: 1st Floor, City Centre, 97 IRCC, Transport Nagar, Korba , Kota: Plot NO. 259, 1st Floor, Shopping Centre, Lala Lajpat Rai Circle, Kota , Kottayam: 1St Floor Csiascension Square, Railway Station Road, Collectorate P O, Kottayam , Kurnool: Shop No.43, 1St Floor, S V Complex, Railway Station Road, Near Sbi Main Branch, Kurnool , Lucknow: Ist Floor, A. A. Complex, 5 Park Road, Hazratganj, Thaper House, Lucknow , Ludhiana: Sco - 136, 1St Floor Above Airtel Showroom, Feroze Gandhi Market, Ludhiana , Madurai: Rakesh towers, 30-C, Ist floor, Bye pass Road, Opp Nagappa motors, Madurai , Malappuram: First Floor, Peekays Arcade, Down Hill, Malappuram , Malda: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality, Malda , Mangalore: Mahendra Arcade Opp Court Road, Karangal Padi-Mangalore , Margoa: 2Nd Floor, Dalal Commercial Complex, Pajifond, Margao , Mathura: Ambey Crown, 2nd Floor, In Front Of Bsa College, Gaushala Road, Mathura , Meerut: 1St Floor, Medi Centreopp Icici Bank, Hapur Road Near Bachha Park, Meerut , Mehsana: Ul/47 Apollo Enclave, Opp Simandhar Temple, Modhera Cross Road, Mehsana , Mirzapur: Abhay Mandir, Above HDFC Bank, Dankin Gunj, Mirzapur , Moga: 1St Floor,Dutt Road, Mandir Wali Gali, Civil Lines, Barat Ghar, Moga , Moradabad: Om Arcade, Parker Road, Above Syndicate Bank,Chowk Tari Khana, Moradabad , Morena: Moti Palace, Near Ramjanki Mandir, Near Ramjanki Mandir, Morena , Mumbai: 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bse Bldg, Fort , Muzaffarpur: First Floor, Shukla Complex, Near ICICI Bank, Civil Court Branch, Company Bagh, Muzaffarpur , Mysore: L-350,Silver Tower, Ashoka Road, Opp.Clock Tower, Mysore , Nadiad: 104/105, Near Paras Cinema, City Point Nadiad, Nadiad , Nagerkoil: HNO 45, 1st Floor, East Car Street, Nagercoil , Nagpur: Plot No 2/1 House No 102/1, Mata Mandir Road, Mangaldeep Appartment Opp Khandelwal Jewelers, Dharampeth, Nagpur , Namakkal: 105/2, Arun Towers, Paramathi Road-Namakkal , Nanded: Shop No.4, Santakripa Market, G G Road, Opp.Bank Of India, Nanded , Nasik: S-9, Second Floor, Suyojit Sankul, Sharanpur Road, Nasik , Navsari: 103, 1ST FLOORE LANDMARK MALL, NEAR SAYAJI LIBRARY, Navsari Gujarat, Navsari , Nellore: , Room No : 207, 2Nd Floor, Keizen Heights, Gandhi Nagar, Pogathota, Nellore , New Delhi: 305 New Delhi House, 27 Barakhamba Road -New Delhi , Nizamabad: H No: , Above Bank Of Baroda First Floor, Beside Hdfc Bank,Hyderabad Road, Nizamabad , Noida: 405,4th Floor,Vishal Chamber, Plot No.1,Sector-18, Noida , Palghat: No: 20 & 21, Metro Complex H.P.O.Road Palakkad, H.P.O.Road, Palakkad , Panipat: JAVA Complex, 1st Floor, Above Vijaya Bank, G T Road, Panipat , Panjim: Flat No.1-A, H. No. 13/70, Timotio Bldg, Heliodoro Salgado Road, Next to Navhind Bhavan (Market Area), Panjim , Pathankot: 2nd Floor, Sahni Arcade Complex, Adj.Indra colony Gate Railway Road, Pathankot, Pathankot , Patiala: Sco 27 D, Chotti Baradari, Near Car Bazaar, Patiala , Patna: 3A, 3Rd Floor Anand Tower, Exhibition Road, Opp Icici Bank, Patna , Pollachi: 146/4,Ramanathan Building, 1st Floor New Scheme Road -Pollachi , Pondicherry: Building No:7, 1st Floor, Thiayagaraja Street, -Pondicherry , Pudukottai: Sundaram Masilamani Towers, Ts No , Pm Road, Old Tirumayam Salai, Near Anna Statue, Jublie Arts, Pudukottai , Pune: Mozaic Bldg, CTS No.1216/1, Final, Plot No.576/1 TP, Scheme No.1, F C Road, Bhamburda, Shivaji Nagar, Pune , Raipur: OFFICE NO S-13, SECOND FLOOR, REHEJA TOWER, FAFADIH CHOWK, JAIL ROAD, Raipur , Rajahmundry: D.No.6-1-4,Rangachary Street, T.Nagar, Near Axis Bank Street, Rajahmundry , Rajapalayam: Sri Ganapathy Complex, 14B/5/18, T P Mills Road, Virudhungar Dist, Rajapalayam , Rajkot: 302, Metro Plaza, Near Moti Tanki Chowk, Rajkot, Rajkot, Gujarat, , Ranchi: Room No 307 3Rd Floor, Commerce Tower, Beside Mahabir Tower, Ranchi , Ratlam: 1 Nagpal Bhawan, Free Ganj Road, Do Batti, Near Nokia Care, Ratlam , Renukoot: Radhika Bhavan, Opp. Padmini Hotel,Murdhwa, Renukoot, Renukoot , Rewa: Ist Floor, Angoori Building, Besides Allahabad Bank, Trans University Road, Civil Lines, Rewa , Rohtak: 1st Floor, Ashoka Plaza, Delhi Road, Rohtak , Roorkee: Shree Ashadeep Complex, 16, Civil Lines, Near Income Tax Office, Roorkee , Rourkela: 1St Floor Sandhu Complex, Kachery Road, Uditnagar-Rourekla , Sagar: II floor,above shiva kanch mandir., 5 civil lines, Sagar, Sagar , Saharanpur: 18 Mission Market, Court Road-Saharanpur , Salem: NO 3/250, Brindavan Road, 6th Cross,Perumal kovil back side, Fairland s, Salem , Sambalpur: Koshal Builder Complex, -Near Goal Bazaar Petrol pump, Sambalpur , Satna: 1St Floor, Gopal Complex, Near Bus Stand, Rewa Road, Satna , Secunderabad: Crystal Plaza 2nd Floor, Manday Lane, Near Sunshine Hospital, P G Road, Secunderabad , Shaktinagar: 1St/A-375, V V Colony, Dist Sonebhadra, Shaktinagar , Shillong: Annex Mani Bhawan, Lower Thana Road, Near R K M Lp School, Shillong , Shimla: Triveni Building, By Pas Chowkkhallini-Shimla , Shimoga: Sri Matra Naika Complex, 1St Floor, Above Shimoga Diagnostic Centre, Llr Road, Durgigudi, Shimoga , Shivpuri: 1St Floor, M.P.R.P. Building, Near Bank Of India, Shivpuri , Sikar: First Floor,Super Tower, Behind Ram Mandir Near Taparya Bagichi -Sikar , Silchar: N.N. Dutta Road, Chowchakra Complex, Premtala, Silchar , Siliguri: Nanak Complex, Sevoke Road-Siliguri , Sitapur: 12/12-A Sura Complex, Arya Nagar Opp, Mal Godam, Sitapur , Sivakasi: 363, Thiruthangal Road, Opp: TNEB, Sivakasi , Solan: Sahni Bhawan, Adjacent Anand Cinema Complex, The Mall, Solan , Solapur: Block No 06, Vaman Nagar, Opp D-Mart, Jule Solapur, Solapur , Sonepat: 205 R Model Town, Above Central Bank Of India-Sonepat , Sri Ganganagar: 35E Block, Opp: Sheetla Mata Vaateka Sri Ganganagar-Sri Ganganagar , Srikakulam: D.No /1, Venkateswara Colony, Near Income Tax Office, Srikakulam , Sultanpur: 1077/3, Civil Lines Opp Bus Stand, Civil Lines-Sultanpur , Surat: Office no: -516, 5th Floor, Empire State building, Near Udhna Darwaja, Ring Road, Surat , T Nagar: G1, Ground Floor, No 22, Vijayaraghava Road, Swathi Court, T Nagar, Chennai , Thane: 101, Yaswant Tower, 1st Floor, Opposite Puja Hotel, Ram Maruti Road, Naupada Thane (West), Mumbai , Thanjavur: No. 70, Nalliah Complex, Srinivasam Pillai Road,-Tanjore , Thodupuzha: First Floor, Pulimoottil Pioneer, Pala Road-Thodupuzha , Tirunelveli: 55/18, Jeney Building, S N Road, Near Aravind Eye Hospital, Tirunelveli , Tirupathi: H.No: , 1st Floor, Tilak Road, Opp: Sridevi Complex, Tirupathi , Tirupur: First floor, 244 A, Above Selvakumar Dept stores, Palladam Road, Opp to Cotton market complex, Tirupur , Tiruvalla: 2Nd Floor,Erinjery Complex, Ramanchira, Opp Axis Bank, Thiruvalla , Trichur: 2Nd Floor,Brothers Complex, Naikkanal Junction,Shornur Road, Near Dhanalakshmi Bank H O, Thrissur , Trichy: 60, Sri Krishna Arcade, Thennur High Road,-Trichy , Trivandrum: 2Nd Floor, Akshaya Tower, Sasthamangalam, Trivandrum , Tuticorin: 4 - B, A34 - A37, Mangalmal Mani Nagar, Opp. Rajaji Park, Palayamkottai Road, Tuticorin , Udaipur: , Madhav Chambers, Opp G P O, Chetak Circle, Udaipur , Ujjain: 101 Aashta Tower, 13/1 Dhanwantri Marg, Freeganj, Ujjain , Valsad: Shop No 2, Phiroza Corner, Opp Next Show Room, Tithal Road, Valsad , Vapi: Shop No-12, Ground Floor, Sheetal Appatment, Near K P Tower, Vapi , Varanasi: D-64/1321St Floor, Anant Complex, Sigra, Varanashi , Vashi: Shop No.43-A, Ground Floor, Vashi Plaza, Sector-17, Near Apna Bazar, Vashi, Mumbai , Vellore: No :01 M N R Arcade, Officer s Lane, Krishna Nagar, Vellore , Vijayanagaram: Soubhagya, /3, 2Nd Floor, Near Fort Branch, Opp: Three Temples, Vizianagaram , Vijayawada: , Opp : Municipal Water Tank, Labbipet, Vijayawada , Vile Parle : 104, Sangam Arcade, V P Road, Opp: Railway Station,Above Axis Bank Atm, Vile Parle (west), Mumbai , Visakhapatnam: Door No: , Dwaraka Diamond, Ground Floor, Srinagar, Visakhapatnam , Warangal: , 1 St Floor, Opp: B.Ed Collage,Lashkar Bazar, Chandra Complex,Hanmakonda, Warangal , Yamuna Nagar: Jagdhari Road, Above Uco Bank, Near D.A.V. Girls College, Yamuna Nagar

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