MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Transcription

1 OCTOBER 2018 Making your journey great Less taxing! Tax benefit u/s 80c* Invest in This product is suitable for investors who are seeking*: To know more, please consult your Financial Advisor Call Toll Free OR Longterm capital growth. Investment in equity and equityrelated securities. Risk Moderately High RISKOMETER Investors understand that their principal will be at Moderately High Risk *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. * Subject to 1.5 lakh under Section 80 C of the Income Tax Act, 1961(As per prevailing tax laws in India). Connect with us: /LICMutual /LICMutual /company/licmutual MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

2 MARKET REVIEW banking sector kick starting the earnings season. DEBT Market Review Month of September 2018 ended on speculative note with Monetary policy committee (MPC) scheduled in first week of October. Federal Open Market Committee (FOMC) met in September indicating positive signal as economic activity gained momentum. Unemployment rate in the United States stayed low, Household spending and business fixed investment grew strongly, Inflation remained near 2%. Consequently, the Federal Reserve increased the primary credit rate by 25 basis point to 2.75%, effective September 27, 2018 (3rd time this year). Mr. Saravana Kumar Chief Investment Officer EQUITY Market Review During the month, rupee crashed to new lows falling through the 73/$ mark. Rupee has depreciated against the US dollar by over 13% since January The currency markets were spooked by rising crude oil prices, hovering around $85 per barrel that could exacerbate the twin deficits problem. India's current account deficit (CAD) is now expected to widen to around $85 billion in , up from $45 billion in Crude oil prices touched a 4year high on heightened concerns over supply ahead of US sanctions on Iran. Additionally, reports of Saudi Arabia and Russia expecting to raise output added further concerns. Equity markets witnessed sharp selloff in month of September led by global factors such as escalation in USChina trade wars, weakness in emerging market currency, hike in FED rate. Weakness was further accentuated due to weak domestic factors driven by deterioration in CAD and liquidity concerns in domestic market following default by ILFS group. Thus, SENSEX was down 6.3% in month of September. On the economy front, real GDP growth accelerated to 8.2% in 1QFY19 compared to 7.7% in 4QFY18 led by a strong favorable base effect and pickup in a sequential momentum. July IIP growth stood at 6.6%, as against 6.9% in June. CPI, inflation eased to 3.7% in August from 4.2% in July while WPI inflation eased to 4.5% in August from 5.1% in July. Debt sales for the fiscal firsthalf were lowered by 500 billion rupees as bonds faced the worst rout in at least two decades. Sovereign bonds have slid in 7 of the past 9 months, sending 10year yields to a fouryear high at over 8.1% level. GSec yields rose on concerns over the fiscal deficit with GST collections continuing to be lower than the target 1 lakh crore per month and persistent worries over inflation on the back of higher crude oil prices and sharp depreciation in the currency. Gold prices rose despite the strengthening of the US dollar as safe haven demand propelled by trade concerns and worries over Italy's budgetary and political concerns led to a rise in gold prices. Sectorwise indices For month of September18, IT sector indices outperformed and returned 0.5%. Realty and indices underperformed the market during the month returning 20% and 16% respectively. Capital flows: While GDP and GVA growth posted an upside surprise to 8.2% and 8.0%, respectively, in Q1 FY2019, the pace of growth was uneven across the various sectors. Capacity addition in power generation and transmission displayed a yearonyear (YoY) contraction, while foreign tourist arrivals, steel production, diesel consumption and ports cargo traffic recorded a tepid performance in that quarter. Overall, concerns linger on the sustainability of economic growth around 8.0% in the remaining quarters of FY2019, given the waning of the favorable base effect, fiscal constraints, uneven monsoon, as well as risks posed by higher crude oil prices, interest costs and a weakening rupee. FIIs were net seller in the equity to the tune of 10,825 crores (USD 1498 million) in September Cumulative, FIIs bought equity worth 4,070 crores (USD 878 million) in last twelve months i.e. from Oct17 to Sep18 and DII bought equity worth 1,02,851 crores (USD billion) for the same period. (As on 30th September 2018, Source: SEBI) (September 2018 Avg. 1 USD = INR 72.25). Outlook Belownormal and uneven monsoon rainfall suggests muted GVA growth of agriculture, forestry and fishing in FY2019 as per study by ICRA. The cumulative volume of rainfall in the southwest monsoon season (JuneSeptember) in 2018 stood at 91% of the long period average (LPA), and undershot the Indian Meteorological Department's (IMD's) Forecasts. The delayed withdrawal of the southwest monsoon may postpone the timing of the kharif harvest and rabi sowing activities. The equity markets are currently weighed down by the twin impact of tightening liquidity and INR depreciation amidst heightened volatility triggered by worries over escalating trade tensions and tightening by the US Fed. Notwithstanding the recent kneejerk reaction, tight liquidity conditions will continue to remain a headwind and India may go through an extended period of weak macro in the form of higher CAD and higher bond yields, interest rates, led largely by high global crude oil prices. Outlook The FOMC is expected to hike interest rates in December. The board in its last policy signaled at least a 25basis point hike in December and three more in We expect US economy to grow at a fasterthanexpected 3.1% this year and will continue to expand moderately for at least three more years, amid sustained low unemployment and stable inflation near its 2% target. Given this scenario, it appears that IT and pharma stocks offer better riskreward balance. Across sectors, while demand is improving (as witnessed by 1QFY19 strong earnings), we think the recovery is still nascent. The interest rates, input prices have been moving ahead of the growth cycle and we do see lingering risks of downgrades, given a few sectors have very high growth expectations (Cement,, Staples). Liquidity fear within the NBFC space along with SEBI's decision to cut the TER (Total expense ratio) of local asset managers and PSU banks' merger will lead to downward pressure on earnings revisions in the financial sector, slowing down the earnings recovery story. Despite the sharp correction in the market driven by the unfavorable macro factors mentioned above, India's 1YR forward PE premium to MSCI EM is still at 50 %. We believe the tightening by the US central bank may force the Reserve Bank of India to hike interest rates going ahead. Fed rate hike will strengthen the dollar, and thereby put further pressure on the rupee. Rising crude oil prices, as well as interest rates will lead to an outflow of foreign money. We expect Indian market to see some shortterm pressure ahead of the forthcoming elections. We expect inflation to climb as oil prices have risen by 14% in the last two months. Higher minimum selling price for agricultural produce and rupee's slide will further fuel inflation in coming months. We expect possibility of rate hike will purely be data driven, though a rate hike of 25 bps seems reasonable to combat inflationary pressures as the economy grapples with a weakening rupee, surging oil prices and market instability sparked by a major nonbank finance firm's default. A rate hike should make domestic yields on debt more attractive for foreign investors and contain inflationary pressures from high crude prices as India imports more than twothirds of its oil needs. For Equity markets, rising costled inflation rather than demandled inflation would be margin dilutive and it will bring back the discussion on pricing power ability on the table. Moreover, the combined effect of increased cost of capital and INR depreciation likely to have negative implications on domestic and FII flows with effect on multiples. As a fund house, we continue to believe that FY19 would be a year of better earnings but volatile returns. Consumer centric players with strong distribution networks, differentiated products, no regulatory overhang on manufacturing units, strong urban base and clear competitive advantage are better placed to tide over any market volatility. We now look forward to the second quarter earnings of FY19 with large corporates in IT and We expect the 10year GSec yield to trade in a range of 7.75%8.25% in the remainder of this quarter. Rising crude oil prices, tightening global conditions, geopolitics, trade wars, financial market volatility and an impaired banking system remain the key downside risks. 2

3 RISKOMETER Name Of The The Product Is Suitable For Investors Who Are Seeking * LIC MF Large Cap Fund Long Term Capital A Fund that primarily invest in largecap stock Risk Moderately High LIC MF Multicap Fund Long Term Capital Appreciation and Current Income. Investing in Large, Mid & Smallcap stocks Risk Moderately High LIC MF Large & Mid Cap Fund LIC MF Tax Plan Long Term Capital Appreciation A Fund that primarily invest in large and midcap stocks Risk Moderately High Long Term Capital Investing in equity and equity related securities. Risk Moderately High LIC MF Index FundSensex Plan Riskometer Long Term Capital Investment in equity instrument of S&P BSE Sensex Index stocks subject to tracking error. Risk Moderately High RISKOMETER LIC MF Index FundNifty Plan LIC MF Exchange Traded Fund Nifty 50 LIC MF Exchange Traded Fund Sensex LIC MF Exchange Traded Fund Nifty 100 LIC MF Banking & Financial Services Fund LIC MF Infrastructure Fund LIC MF Liquid Fund Long Term Capital Investment in equity instrument of NIFTY 50 Index stocks subject to tracking errors. Risk Moderately High Investors understand that their principal will be at moderately high risk. Long Term Investment Investment in securities covered by NIFTY 50 Index, subject to tracking errors. Risk Moderately High Long Term Investment Investment in securities covered by S&P BSE SENSEX, subject to tracking errors. Risk Moderately High Long Term Investment Investment in equity and equity related securities and portfolios replicating the composition of NIFTY 100 Index, subject to tracking errors. Risk Moderately High Capital appreciation over long term Investment predominantly in a portfolio of equity and equity related securities of companies engaged in banking and financial services. Risk High Long Term Capital Investment in equity and equity related instruments of companies directly or indirectly engaged in infrastructure sector. Risk High RISKOMETER Investors understand that their principal will be at high risk. Regular income for short term Investment in debt / money market instruments with maturity of upto 91 days. Risk Low RISKOMETER Investors understand that their principal will be at low risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 3

4 RISKOMETER The Product Is Suitable For Investors Who Are Seeking * Name Of The LIC MF Equity Hybrid Fund LIC MF Unit Linked Insurance Riskometer Long term capital appreciation with current income. A fund that invests both in stocks and fixed income instruments. Risk Moderately High Long term capital appreciation and current income. Investment in equity and equity related securiries, fixed income securities (debt and money market securities). Risk Moderately High RISKOMETER Investors understand that their principal will be at moderately high risk. LIC MF Children s Gift Fund LIC MF Government Securities Fund LIC MF GSec Long Term Exchange Traded Fund LIC MF Debt Hybrid Fund LIC MF Bond Fund LIC MF Banking & PSU Debt Fund Long term capital appreciation and current income Investment in sovereign securities issued by Central State Government. Risk Moderate Medium to long term regular income Investment in securities in line with Nifty 813 yr GSec Index to generate comparable returns subject to tracking errors. Risk Moderate Medium term capital appreciation with current income A fund that invests predominantly in debt instruments with marginal equity exposure. Risk Moderate RISKOMETER Investors understand that their principal will be at moderate risk. Income over medium to long term To generate income/capital appreciation through investments in Debt and Money market instruments. Risk Moderate Regular income for medium term capital appreciation with current income An income fund that invests predominantly in debt and money market instruments issued by, PSU s, PFIs and Municipal Bonds. Risk Moderate Regular Income for short term A fund that focuses on low duration securities. Risk Moderate LIC MF Savings Fund Long term capital appreciation and current income A fund that invests both in stocks and fixed income instruments. Risk Moderately High *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 4

5 Type: An open ended equity scheme predominantly investing in Large Cap stocks. To achieve long term capital appreciation by investing in diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However there can be no assurance that the investment objective of the scheme will be achieved. Date of allotment: September 01, 1994 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: Nifty 100 Index Fund Manager: Name: Mr. Sachin Relekar; Experience: 13+ years Regular: 2.76% Direct: 1.53% Annual Portfolio Turnover Ratio: 0.65 times Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio % of V Equity Holdings 11.57% Bajaj Ltd. 3.62% L&T Holdings Ltd. 1.84% Media & Entertainment 0.91% Mahindra & Mahindra Ltd. 3.74% Zee Entertainment Enterprises Ltd. 0.91% Ashok Leyland Ltd. 1.74% Non Ferrous Metals 2.09% Ancillaries 0.85% Hindalco Industries Ltd. 2.09% Motherson Sumi Systems Ltd. 0.85% 5.36% Reliance Industries Ltd. 5.36% 0.86% Piramal Enterprises Ltd. 0.86% Retailing 3.65% 18.31% HDFC Bank Ltd. 8.48% Kotak Mahindra Bank Ltd. 6.18% ICICI Bank Ltd. 3.65% Cement 2.18% Shree Cements Ltd. 2.18% 2.20% Larsen & Toubro Ltd. 2.20% 9.27% Britannia Industries Ltd. 4.93% Godrej Consumer Products Ltd. 2.32% Hindustan Unilever Ltd. Avenue Supermarts Ltd. Infosys Ltd. 3.03% Transportation 0.95% InterGlobe Aviation Ltd. 0.95% 2.02% Equity Holdings Total 84.59% Ferrous Metals 0.90% Mutual Fund/ETF Tata Steel Ltd. 0.89% Mutual Fund 0.01% LIC MF Index FundSensex PlanDR PLNGR 0.04% 14.77% Mutual Fund Holding Total/ETF Total Housing Development Co Ltd. 4.97% Total Bajaj Finserv Ltd. 4.34% 10.73% 9.27% 5.36% Retailing 3.65% 2.20% Cement 2.18% Non Ferrous Metals 2.09% Transportation 0.95% Media & Entertainment 0.91% Ferrous Metals 0.90% 0.86% Ancillaries 0.85% Nifty 100 Index* 14.77% 11.57% 0.04% 15.37% Value of lumpsum investment of 10,000/ invested on inception date 0.04% 18.31% 10.73% 7.69% SECTOR ALLOCATION (% of V) 3.65% Tata Consultancy Services Ltd. % of V 6.09% Tata Steel Ltd. (Partly Paid Eq ) Maruti Suzuki India Ltd. Minimum Investment: 5,000/ V as on September 28, 2018: V Dividend Nifty 100 Index* 11, % 11.20% 10,200 11, % 12.85% 12,242 14,365 14, % 16.15% 19,034 21,127 20, % 10.23% 24,503 1,04,573 Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March, 2015 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.* Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(3). SIP PERFORMANCE 10 Years Total Amount Invested ( ) SIP Investments 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on September 28, 2018 ( ) 1,16,998 3,98,815 7,37,772 20,70,204 * Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Returns () (%) Above returns are as on 28th September, Past performance may or may not be sustained in the future. # Nifty 100 Index, ## Nifty 50 index. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 5

6 Type: An open ended equity scheme investing across Large Cap, Mid Cap, Small Cap stocks An open ended pure growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: April 15, 1993 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: Nifty 500 Index Minimum Investment: 5,000/Fund Manager: Name: Mr. Saravana Kumar Experience: 29+ years V as on September 28, 2018: V Dividend Regular: 2.74% Direct: 1.49% Annual Portfolio Turnover Ratio: 0.80 times Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio % of V SECTOR ALLOCATION (% of V) Value of lumpsum investment of 10,000/ invested on inception date 21.31% 12.01% Industrial Products 8.43% Nifty 500 Index* Nifty 500 Index* 6.74% 7.32% 10,672 10,730 11, % 12.51% 11,685 14,236 14, % % of V Ferrous Metals 1.15% 1.15% 5.99% Tata Steel Ltd. 3.50% 4.05% 2.50% Housing Development Co Ltd. 3.07% 2.19% HDFC Standard Life Insurance Co Ltd. 0.95% 2.19% HDFC Asset Management Ltd. 0.03% 21.31% Industrial Products 8.43% 7.11% AIA Engineering Ltd. 4.20% 4.64% Supreme Industries Ltd. 2.33% 3.91% Bharat Forge Ltd. 1.90% 2.23% 5.01% 2.08% Reliance Industries Ltd. 5.01% 0.89% 12.01% 0.46% Aurobindo Pharma Ltd. 5.33% 4.04% Sun Pharmaceutical Ind Ltd. 2.56% 2.07% Jubilant Life Sciences Ltd. 2.32% 1.97% Sanofi India Ltd. 1.80% 5.40% 2.18% 2.83% Tata Ltd. 2.18% 2.57% 17.61% 2.05% 5.31% 1.56% Tech Mahindra Ltd. Tata Consultancy Services Ltd. 4.88% 0.49% HCL Technologies Ltd. 3.45% % 2.94% % Larsen & Toubro Infotech Ltd. 1.03% 5.64% KPIT Technologies Ltd % 3.29% Equity Holdings Total 1.20% Total 2.87% 1.16% Equity Holdings Hero MotoCorp Ltd. Mahindra & Mahindra Ltd. Ancillaries Endurance Technologies Ltd. ICICI Bank Ltd. HDFC Bank Ltd. State Bank of India IndusInd Bank Ltd. Kotak Mahindra Bank Ltd. The Federal Bank Ltd. Axis Bank Ltd. Cement Grasim Industries Ltd. JK Lakshmi Cement Ltd. Chemicals Tata Chemicals Ltd. Navin Fluorine International Ltd. Construction KNR Constructions Ltd Prestige Estates Projects Ltd. Consumer Durables Bajaj Electricals Ltd. Dabur India Ltd. Hindustan Unilever Ltd. Britannia Industries Ltd. 5.99% 5.64% 12.02% 17.07% 17,631 21,982 20,274 Chemicals 5.40% 6.03% 12.79% 44,385 2,14,320 Cement Ancillaries 5.01% 4.05% 4.04% 2.19% 2.18% Construction 2.05% Ferrous Metals 1.15% Consumer Durables % Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.* Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(2). SIP PERFORMANCE SIP Investments 10 Years * Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on September 28, 2018 ( ) 1,17,352 3,88,912 6,95,216 18,54,899 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28 September, Past performance may or may not be sustained in the future. # Nifty 500 Index, ## Nifty 50 Index. Assuming 10,000/ invested th systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 6

7 Type: An open ended equity scheme investing in both Large Cap and Mid Cap stocks Date of Allotment: February 25, 2015 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: Nifty LargeMidcap 250 Index Minimum Investment: 5,000/Fund Manager: Name: Mr. Sachin Relekar Experience: 13+ years V as on September 28, 2018: V Dividend Regular: 2.71% Direct: 1.49% Annual Portfolio Turnover Ratio: 1.07 times Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies. % of V Equity Holdings 5.27% Mahindra & Mahindra Ltd. 3.78% Ashok Leyland Ltd. 1.49% Ancillaries 8.33% Exide Industries Ltd. 3.30% Balkrishna Industries Ltd. 2.03% Jamna Industries Ltd. 1.75% Motherson Sumi Systems Ltd. 0.79% Tube Investments Of India Ltd. 0.47% 11.20% City Union Bank Ltd. 5.30% HDFC Bank Ltd. 3.73% ICICI Bank Ltd. 2.17% Chemicals 6.57% Tata Chemicals Ltd. 3.67% Vinati Organics Ltd. 2.90% Construction 3.15% Brigade Enterprises Ltd. 1.93% KNR Constructions Ltd 0.85% Simplex Infrastructures Ltd. 0.37% 2.11% Voltas Ltd. 2.11% Consumer Durables 3.25% Bata India Ltd. 2.98% VIP Industries Ltd. 0.27% 7.96% Kansai Nerolac Paints Ltd. 2.64% Procter & Gamble Hygiene&HealthCare Ltd. 2.42% Bombay Burmah Trading Corp Ltd. 1.64% Colgate Palmolive (India) Ltd. 0.86% 16.42% Bajaj Ltd. 5.35% Housing Development Co Ltd. 3.42% TI Financial Holdings Ltd. 2.89% Bajaj Finserv Ltd. 1.88% Max Financial Services Ltd. 1.73% L&T Holdings Ltd. 0.77% Motilal Oswal Financial Services Ltd. 0.36% HDFC Asset Management Ltd. 0.02% Industrial Products 2.76% Supreme Industries Ltd. 2.76% 3.21% Reliance Industries Ltd. 3.21% 4.05% Sanofi India Ltd. 2.53% Piramal Enterprises Ltd. 1.52% 0.72% Tata Ltd. 0.72% Retailing 1.72% Avenue Supermarts Ltd. 1.72% 5.95% Tata Consultancy Services Ltd. 5.95% Telecom Equipment & Accessories 2.76% Sterlite Technologies Ltd. 2.76% Textile Products 0.90% K.P.R. Mill Ltd. Consumer Durables Construction Industrial Products TeleEquipment & Accessories Retailing Textile Products 86.34% Total 13.66% 11.20% 8.33% 7.96% 6.57% 5.95% 5.27% 4.05% 3.25% 3.21% 3.15% 2.76% 2.76% 2.11% 1.72% 0.90% 0.72% 0.90% Equity Holdings Total Ancillaries Chemicals 0.40% SECTOR ALLOCATION (% of V) 16.42% % of V Britannia Industries Ltd. Nifty LargeMidcap 250 Index* Nifty LargeMidcap 250 Index* 1.50% 5.17% 10,150 10,515 11, % 13.46% 14,394 14,599 14, % 9.91% 7.79% 13,921 14,041 13,090 Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 11. Date of allotment is 25th Feb 2015, hence returns are available for 1yr, 3 yrs & since inception. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. : Not Available. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 4,30,000 Market Value as on September 28, 2018 ( ) 1,13,182 4,18,357 5,15,247 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28th September, Past performance may or may not be sustained in the future. # Nifty LargeMidcap 250 Index, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. 7

8 The investment objective of the scheme is to generate longterm capital appreciation for unit holders from a Type: An open ended equity scheme investing in banking & financial companies portfolio that in invested substantially in equity and equity related securities of companies engaged in Date of Allotment: March 27, 2015 the scheme will be achieved. banking and financial services sector. However there can be no assurance that the investment objective of AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: Nifty Financial Services Index Minimum Investment: 5,000/Fund Manager: Name: Mr. Saravana Kumar Experience: 29+ years V as on September 28, 2018: V Dividend Regular: 3.14% Direct: 1.83% Annual Portfolio Turnover Ratio: 0.76 times % of V Equity Holdings 63.13% City Union Bank Ltd. 9.78% Axis Bank Ltd. 9.57% ICICI Bank Ltd. 9.43% HDFC Bank Ltd. 9.41% IndusInd Bank Ltd. 7.93% The Federal Bank Ltd. 7.26% Kotak Mahindra Bank Ltd. 5.68% DCB Bank Ltd. 4.07% 34.28% Cholamandalam Investment & Ltd. 7.67% ICICI Lombard General Insurance Co. Ltd. 5.95% Bajaj Ltd. 5.91% Housing Development Corporation Ltd. 4.80% Dewan Housing Corporation Ltd. 4.07% L&T Holdings Ltd. 3.77% Equitas Holdings Ltd. 2.01% HDFC Asset Management Ltd. Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio % Total 63.13% 34.28% 2.59% SECTOR ALLOCATION (% of V) 0.11% Equity Holdings Total Nifty Financial Services Index* Nifty Financial Services Index* 13.71% 7.13% 8,633 10,711 11, % 15.53% 10,167 15,415 14, % 9.46% 1.45% 9,500 14,772 13,734 th Above returns are as on 28 September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Date of allotment is 27th March'2015, hence returns are available only for 1 yr, 3 yrs & since inception. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 4,20,000 Market Value as on September 28, 2018 ( ) 1,00,266 3,37,779 3,95, Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28 September, Past performance may or may not be sustained in the future. # Nifty Financial Services Index, ## Nifty 50 Index. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. th 8

9 Type: An open ended equity scheme investing in infrastructure companies. The investment objective of the scheme is to generate longterm growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: March 24, 2008 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: Nifty Infrastructure Index Minimum Investment: 5,000/ Regular: 3.14% Direct: 1.62% Annual Portfolio Turnover Ratio: 0.68 times Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio % of V Equity Holdings 28.66% Minerals/Mining 2.22% Coal India Ltd. 2.22% 9.23% Non Ferrous Metals 4.00% ICICI Bank Ltd. 7.33% Hindalco Industries Ltd. 4.00% State Bank of India 6.07% 7.89% City Union Bank Ltd. 6.03% Reliance Industries Ltd. 6.65% Indian Oil Corporation Ltd. 1.24% 1.89% Tata Ltd. 1.89% TelecomEquipment & Accessories 3.30% Sterlite Technologies Ltd. 3.30% Telecom Services 3.43% Bharti Airtel Ltd. 3.43% Transportation 4.98% 13.27% The Ramco Cements Ltd. 5.47% JK Lakshmi Cement Ltd. 2.90% Ultratech Cement Ltd. 2.51% ACC Ltd. 2.40% Construction 6.46% KNR Constructions Ltd 3.18% Brigade Enterprises Ltd. 2.32% Simplex Infrastructures Ltd. 0.96% 5.87% Container Corporation Of India Ltd. 2.63% Sadbhav Engineering Ltd. 3.04% InterGlobe Aviation Ltd. 2.36% Larsen & Toubro Ltd. 2.83% Equity Holdings Total 86.63% Industrial Products 4.66% Total 13.37% SKF India Ltd. 4.66% SECTOR ALLOCATION (% of V) Cement Construction 7.89% 6.46% 5.87% Transportation 4.98% Industrial Products 4.66% Non Ferrous Metals Telecom Services TeleEquipment & Accessories Nifty Infrastructure Index* 5.64% 7.00% 9,438 9,302 11, % 3.15% 11,467 10,973 14, % 8.31% 18,365 14,901 20, % 1.72% 9.88% 12,857 8,328 26, % 4.00% 3.43% 28.66% % of V HDFC Bank Ltd. Cement Fund Manager: Name: Mr. Sachin Relekar Experience: 13+ years V as on September 28, 2018: V Dividend Nifty Infrastructure Index* Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar managing the above scheme from 1st March 2013 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. 3.30% Minerals/Mining 2.22% 1.89% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 12,60,000 Market Value as on September 28, 2018 ( ) 1,06,705 3,68,803 6,72,155 16,46,600 17,35,264 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28 September, Past performance may or may not be sustained in the future. # Nifty Infrastructure Index, ## Nifty 50 Index. Assuming 10,000/th invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. 9

10 Type: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: March 31,1997 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: Nil (Subject to lockin period of 3 years) Benchmark: Nifty 500 Index Minimum Investment: /Fund Manager: Name: Mr. Sachin Relekar Experience: 13+ years V as on September 28, 2018: V Dividend Regular: 2.94% Direct: 1.66% Annual Portfolio Turnover Ratio: 0.56 times Risk Measures: Standard Deviation Portfolio Beta Sharpe Ratio SECTOR ALLOCATION (% of V) 16.33% 9.56% 8.12% 7.54% 6.65% Chemicals 6.62% 4.32% Ancillaries 4.28% Construction 3.07% Consumer Durables 2.68% Industrial Products 2.42% 2.23% Non Ferrous Metals 2.06% TeleEquipment & Accessories 2.01% Retailing 1.59% Textile Products 1.07% 0.96% Media & Entertainment 0.93% 0.82% Ferrous Metals 0.76% Pesticides 0.14% % of V Equity Holdings Mahindra & Mahindra Ltd. Maruti Suzuki India Ltd. Ashok Leyland Ltd. Ancillaries Exide Industries Ltd. Jamna Industries Ltd. Tube Investments Of India Ltd. HDFC Bank Ltd. City Union Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. Chemicals Tata Chemicals Ltd. Vinati Organics Ltd. Construction Brigade Enterprises Ltd. KNR Constructions Ltd Simplex Infrastructures Ltd. Voltas Ltd. Consumer Durables Bata India Ltd. VIP Industries Ltd. Britannia Industries Ltd. Kansai Nerolac Paints Ltd. Procter & Gamble Hygiene&HealthCare Ltd. Bombay Burmah Trading Corp Ltd. Ferrous Metals Tata Steel Ltd. Tata Steel Ltd. (Partly Paid Eq) 7.54% 3.12% 2.89% 1.52% 4.28% 2.04% 1.76% 0.48% 16.33% 5.87% 3.83% 3.57% 3.06% 6.62% 3.54% 3.09% 3.07% 1.99% 0.66% 0.42% 0.96% 0.96% 2.68% 2.28% 0.40% 6.65% 3.09% 1.72% 0.93% 0.90% 0.76% 0.75% 0.01% % of V Bajaj Ltd. Bajaj Finserv Ltd. TI Financial Holdings Ltd. Max Financial Services Ltd. L&T Holdings Ltd. HDFC Asset Management Ltd. Industrial Products Supreme Industries Ltd. SKF India Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Non Ferrous Metals Hindalco Industries Ltd. Pesticides P I INDUSTRIES Ltd. Reliance Industries Ltd. Sanofi India Ltd. Piramal Enterprises Ltd. Tata Ltd. Retailing Avenue Supermarts Ltd. Tata Consultancy Services Ltd. Infosys Ltd. Telecom Equipment & Accessories Sterlite Technologies Ltd. Textile Products K.P.R. Mill Ltd. Equity Holdings Total Total 9.56% 3.76% 1.86% 1.73% 1.39% 0.80% 0.03% 2.42% 1.58% 0.84% 0.93% 0.93% 2.06% 2.06% 0.14% 0.14% 4.32% 4.32% 2.23% 1.13% 1.10% 0.82% 0.82% 1.59% 1.59% 8.12% 5.36% 2.76% 2.01% 2.01% 1.07% 1.07% 84.15% 15.85% Nifty 500 Index* Nifty 500 Index* 5.75% 7.32% 10,573 10,730 11, % 12.51% 12,880 14,236 14, % 17.07% 21,847 21,982 20, % 14.88% 13.33% 61,985 1,97,710 1,47,557 Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *Benchmark, **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(6). SIP PERFORMANCE 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on September 28, 2018 ( ) 1,15,895 4,12,736 7,82,835 22,32,385 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## SIP Investments * Above returns are as on 28th September, Past performance may or may not be sustained in the future. # Nifty 500 Index, ## Nifty 50 Index. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 10

11 Type: An open ended scheme replicating/tracking S&P BSE Sensex Index The main investment objective of the fund is to generate returns commensurate with the performance of the index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: December 05, 2002 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr % of V Benchmark: S&P BSE Sensex 8.27% Minerals/Mining 0.97% Maruti Suzuki India Ltd. 2.70% Coal India Ltd. 0.97% Mahindra & Mahindra Ltd. 2.21% Non Ferrous Metals 1.17% Tata Motors Ltd. 1.16% Vedanta Ltd. 1.17% Hero MotoCorp Ltd. 1.04% Oil 1.39% Bajaj Ltd. 1.01% Oil & Natural Gas Co Ltd. 1.39% 0.15% 11.30% 29.59% Reliance Industries Ltd % HDFC Bank Ltd % 1.85% ICICI Bank Ltd. 5.43% Sun Pharmaceutical Ind Ltd. 1.85% Kotak Mahindra Bank Ltd. 3.74% 2.59% Axis Bank Ltd. 3.00% NTPC Ltd. 1.42% State Bank of India 2.79% Grid Co of India Ltd. 1.17% IndusInd Bank Ltd. 2.36% Yes Bank Ltd. 0.91% Infosys Ltd. 7.69% 4.26% Tata Consultancy Services Ltd. 6.46% Larsen & Toubro Ltd. 4.26% Wipro Ltd. 1.05% Fund Manager: Name: Mr. Saravana Kumar Experience: 29+ years Regular: 1.68% Tata Motors Ltd (DVR) Minimum Investment: 5,000/ V as on September 28, 2018: V Dividend % of V 8.19% Equity Holdings Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units Housing Development Co Ltd. Direct: 1.15% 15.20% Telecom Services 1.20% Annual Portfolio Turnover Ratio: 0.49 times ITC Ltd. 7.01% Bharti Airtel Ltd. 1.20% Hindustan Unilever Ltd. 3.17% Transportation 0.72% Risk Measures: Tracking Error Asian Paints Ltd. 1.62% Adani Ports & Special Economic Zone Ltd. Ferrous Metals 1.27% Equity Holdings Total Tata Steel Ltd. 1.27% Total 8.19% 0.23% 11.80% 11.30% 8.27% 8.19% 4.26% 2.59% 1.85% Oil 1.39% Ferrous Metals 1.27% Telecom Services 1.20% Non Ferrous Metals 1.17% Minerals/Mining 0.97% Transportation 0.72% 0.24% 15.20% 0.72% 99.76% SECTOR ALLOCATION (% of V) 29.59% 11.80% S&P BSE Sensex* S&P BSE Sensex* 15.35% 17.18% 11,531 11,713 11, % 12.96% 13,658 14,408 14, % 14.90% 18,307 20,017 20, % 17.71% 17.62% 73,997 1,31,934 1,30,489 th Above returns are as on 28 September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(5). SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,90,000 Market Value as on September 28, 2018 ( ) 1,25,488 4,37,653 7,82,530 21,11,514 48,34, Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28 September, Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/th invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. : Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not available. 11

12 The main investment objective of the fund is to generate returns commensurate with the performance of the Type: An open ended scheme replicating/tracking Nifty 50 Index index Nifty based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: December 05, 2002 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units Benchmark: Nifty 50 Index Minimum Investment: 5,000/Fund Manager: Name: Mr. Saravana Kumar Experience: 29+ years V as on September 28, 2018: V Dividend Regular: 1.25% Direct: 0.68% Annual Portfolio Turnover Ratio: 0.49 times Risk Measures: Tracking Error 0.30% SECTOR ALLOCATION (% of V) Cement Non Ferrous Metals Oil Telecom Services Ferrous Metals Minerals/Mining Consumer Durables Gas Media & Entertainment Pesticides Transportation TeleEquipment & Accessories 25.08% 15.17% 12.06% 9.88% 9.17% 7.57% 3.60% 3.05% 2.13% 1.90% 1.76% 1.14% 1.05% 1.05% 0.78% 0.76% 0.75% 0.54% 0.54% 0.53% 0.49% % of V Equity Holdings Maruti Suzuki India Ltd. Mahindra & Mahindra Ltd. Tata Motors Ltd. Hero MotoCorp Ltd. Bajaj Ltd. Eicher Motors Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. Axis Bank Ltd. State Bank of India IndusInd Bank Ltd. Yes Bank Ltd. Cement Ultratech Cement Ltd. Grasim Industries Ltd. Larsen & Toubro Ltd. Consumer Durables Titan Ltd. ITC Ltd. Hindustan Unilever Ltd. Asian Paints Ltd. Ferrous Metals Tata Steel Ltd. JSW Steel Ltd. Housing Development Corporation Ltd. Bajaj Ltd. Bajaj Finserv Ltd. Indiabulls Housing Ltd. Gas GAIL (India) Ltd. 7.57% 2.24% 1.86% 0.95% 0.88% 0.84% 0.80% 25.08% 9.54% 4.53% 3.53% 2.43% 2.29% 1.99% 0.78% 1.90% 0.99% 0.92% 3.60% 3.60% 0.76% 0.76% 9.88% 5.87% 2.66% 1.35% 1.05% 1.04% 0.01% 9.17% 6.54% 1.19% 0.82% 0.63% 0.75% 0.75% % of V Media & Entertainment Zee Entertainment Enterprises Ltd. Minerals/Mining Coal India Ltd. Non Ferrous Metals Vedanta Ltd. Hindalco Industries Ltd. Oil Oil & Natural Gas Corporation Ltd. Pesticides UPL Ltd. Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. Sun Pharmaceutical Ind Ltd. Cipla Ltd. Dr. Reddy's Laboratories Ltd. NTPC Ltd. Grid Corporation of India Ltd. Infosys Ltd. Tata Consultancy Services Ltd. HCL Technologies Ltd. Tech Mahindra Ltd. Wipro Ltd. Telecom Equipment & Accessories Bharti Infratel Ltd. Telecom Services Bharti Airtel Ltd. Transportation Adani Ports & Special Economic Zone Ltd. Equity Holdings Total Total 0.54% 0.54% 0.78% 0.78% 1.76% 1.00% 0.76% 1.14% 1.14% 0.54% 0.54% 12.06% 10.24% 0.74% 0.65% 0.43% 3.05% 1.59% 0.76% 0.69% 2.13% 1.17% 0.95% 15.17% 6.42% 5.42% 1.41% 1.08% 0.85% 0.49% 0.49% 1.05% 1.05% 0.53% 0.53% 99.02% 0.98% NIFTY 50* S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 11.11% 17.18% 11,108 11, % 12.96% 13,611 14,304 14, % 14.90% 18,804 20,274 20, % 17.62% 17.71% 66,334 1,30,489 1,31,934 11,713 Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *Benchmark, **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(4). SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,90,000 Market Value as on September 28, 2018 ( ) 1,23,608 4,30,578 7,80,009 21,09,567 46,61,703 Returns () (%) Benchmark Returns () (%) # Additional Benchmark Returns () (%) ## Above returns are as on 28th September, Past performance may or may not be sustained in the future. # NIFTY 50 INDEX, ## S&P BSE SENSEX. Assuming 10,000/invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index.. : Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not available. 12

13 The investment objective of the scheme is to provide returns that closely correspond to the total returns of Type: An open ended scheme replicating/tracking Nifty 50 Index securities as represented by NIFTY 50 Index, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved. Date of Allotment: November 20, 2015 AUM as on 30/09/2018: Cr Average AUM for September 2018: Cr % of V Equity Holdings Exit Load: Nil Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). Benchmark: Nifty 50 Index Fund Manager: Name: Mr. Sachin Relekar Experience: 13+ years V as on September 28, 2018: V Regular: 0.10% Annual Portfolio Turnover Ratio: 0.06 times Risk Measures: Tracking Error 0.12% SECTOR ALLOCATION (% of V) Cement Non Ferrous Metals Oil Telecom Services Ferrous Metals Minerals/Mining Consumer Durables Gas Media & Entertainment Pesticides Transportation TeleEquipment & Accessories 25.08% 15.16% 12.07% 9.90% 9.18% 7.55% 3.62% 3.08% 2.18% 1.93% 1.80% 1.17% 1.05% 1.04% 0.80% 0.78% 0.77% 0.56% 0.56% 0.53% 0.52% % of V 0.56% 7.55% Zee Entertainment Enterprises Ltd. 0.56% Maruti Suzuki India Ltd. 2.25% Minerals/Mining 0.80% Mahindra & Mahindra Ltd. 1.85% Coal India Ltd. 0.80% Tata Motors Ltd. 0.95% Non Ferrous Metals 1.80% Hero MotoCorp Ltd. 0.88% Vedanta Ltd. 1.01% Bajaj Ltd. 0.86% Hindalco Industries Ltd. 0.79% 0.76% Oil 1.17% Eicher Motors Ltd. Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit Media & Entertainment 25.08% Oil & Natural Gas Corporation Ltd. 9.54% Pesticides HDFC Bank Ltd. ICICI Bank Ltd. 4.53% Kotak Mahindra Bank Ltd. 3.51% Axis Bank Ltd. 2.44% 1.17% 0.56% UPL Ltd. 0.56% 12.07% Reliance Industries Ltd % Indian Oil Corporation Ltd. 0.73% Bharat Petroleum Corporation Ltd. 0.68% Hindustan Petroleum Corporation Ltd. 0.42% 3.08% Sun Pharmaceutical Ind Ltd. 1.59% Cipla Ltd. 0.78% Dr. Reddy's Laboratories Ltd. 0.72% 2.18% NTPC Ltd. 1.21% State Bank of India 2.30% IndusInd Bank Ltd. 1.99% Yes Bank Ltd. 0.78% Cement 1.93% Ultratech Cement Ltd. 0.99% Grasim Industries Ltd. 0.93% 3.62% Larsen & Toubro Ltd. 3.62% Consumer Durables 0.78% Titan Ltd. 0.78% 9.90% Infosys Ltd. 6.42% ITC Ltd. 5.89% Tata Consultancy Services Ltd. 5.42% Hindustan Unilever Ltd. 2.65% HCL Technologies Ltd. 1.40% Asian Paints Ltd. 1.37% Tech Mahindra Ltd. 1.08% Ferrous Metals 1.04% Wipro Ltd. 0.84% Tata Steel Ltd. 1.04% Telecom Equipment & Accessories 0.52% JSW Steel Ltd. 0.00% Bharti Infratel Ltd. 0.52% 9.18% Telecom Services 1.05% Housing Development Co Ltd. 6.54% Bharti Airtel Ltd. 1.05% Bajaj Ltd. 1.16% Transportation 0.53% Bajaj Finserv Ltd. 0.84% Adani Ports & Special Economic Zone Ltd. 0.53% Indiabulls Housing Ltd. 0.64% Equity Holdings Total Gas 0.77% Total GAIL (India) Ltd. 0.77% Grid Corporation of India Ltd. 0.97% 15.16% 99.33% 0.67% S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 17.18% 11,307 11,320 11, % 13.76% 14.00% 14,353 14,455 14, % NIFTY 50* Above returns are as on 28th September, Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 20th November 2015 and total no. of schemes managed by him is 11. Date of allotment is 20th Nov'2015, hence returns are available only for 1 year & since inception. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. 13