UNAUDITED FINANCIAL STATEMENTS OF THE SCHEMES.

Transcription

1 UNAUDITED FINANCIAL STATEMENTS OF THE SCHEMES. a) Scheme E Tier I - Equity market instruments b) Scheme C Tier I - Credit risk bearing fixed income instruments c) Scheme G Tier I - Government securities d) Scheme E Tier II - Equity market instruments e) Scheme C Tier II - Credit risk bearing fixed income instruments f) Scheme G Tier II - Government securities g) Scheme A Tier I - Alternate Asset Class A

2 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Financial Statements for the half year ended

3 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Financial Statements For the half year ended Contents Balance Sheet Revenue Account Accounting Policies and Notes to Accounts

4 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME E TIER I BALANCE SHEET AT SEPTEMBER 30, (In `) Scheme E Tier I Schedule March 31, Liabilities Unit capital 1 3,693,668,609 3,332,576,673 Reserves and surplus 2 6,757,007,042 5,522,167,749 Current liabilities and provisions 3 104,640,947 59,661,436 Total 10,555,316,598 8,914,405,858 Assets Investments 4 10,549,461,665 8,912,712,083 Deposits Other current assets 6 5,854,933 1,693,775 Total 10,555,316,598 8,914,405,858 (a) Net assets as per Balance Sheet (Schedule ) 10,450,675,651 8,854,744,424 (b) Number of units outstanding 369,366, ,257,668 (c) NAV per unit (a)/(b) (`) (Refer note 2.8 (II)) Significant accounting policies and notes to accounts 7 This is the Balance Sheet referred to in our report of even date. For and on behalf of Board of Directors of ICICI Prudential Pension Funds Management Company Limited N. S. Kannan Puneet Nanda Chairman Director DIN: DIN: Meghana Baji Chief Executive Officer Shweta Nayak Company Secretary ASC Date : October 23, Place : Mumbai

5 Income NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME E TIER I REVENUE ACCOUNT FOR THE HALF YEAR ENDED SEPTEMBER 30, (In `) 2017 Dividend income 86,667,876 55,633,332 Interest income - - Profit on sale/redemption of investments 97,539,511 77,553,393 Profit on inter-scheme transfer/sale of investments - - Unrealised gain on appreciation in investments 1,034,805, ,953,273 Other income - Miscellaneous Income 3,770 - Total income (A) 1,219,016, ,139,998 Expenses and losses Unrealised losses in value of investments 496,464, ,872,433 Loss on sale/redemption of investments 143,025,670 6,403,860 Loss on inter-scheme transfer/sale of investments - - Management fees (including GST service tax) [Refer Note 2.4] 596, ,029 NPS Trust fees 252, ,067 Custodian fees 167,197 97,155 CRA Fees - - Less: Amount recoverable on sale of units on account of CRA Charges - - Trustee bank fees - - Depository and settlement charges 20, Provision for Non-Performing Assets - - Other Expenses, if any - - Total expenditure (B) 640,527, ,051,727 Surplus/Deficit for the year (A-B) 578,489, ,088,271 Less: Amount transferred to Unrealised appreciation account 538,341, ,080,840 Less: Amount transferred to General Reserve 40,148, ,007,431 Amount carried forward to Balance Sheet - - Significant accounting policies and notes to accounts 7 This is the Revenue Account referred to in our report of even date. For and on behalf of Board of Directors of ICICI Prudential Pension Funds Management Company Limited Schedule Scheme E Tier I N. S. Kannan Puneet Nanda Chairman Director DIN: DIN: Meghana Baji Chief Executive Officer Shweta Nayak Company Secretary ASC Date : October 23, Place : Mumbai

6 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME E TIER I NOTES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT SEPTEMBER 30, Schedule 1: Unit capital (In `) Scheme E Tier I March 31, Initial capital - - Unit capital Outstanding at the beginning of the year 3,332,576,673 2,253,900,583 Add :Issued during the year 559,300,076 1,360,966,079 Less: Redeemed during the year (198,208,140) (282,289,989) Outstanding at the end of the year 3,693,668,609 3,332,576,673 (Face Value of Rs.10/- each unit, fully paid up) Outstanding units at the beginning of the year 333,257, ,390,058 Add :Units issued during the year 55,930, ,096,609 Less: Units redeemed during the year (19,820,814) (28,228,999) Outstanding Units at the end of the year 369,366, ,257,668 Schedule 2: Reserves and surplus (In `) Scheme E Tier I March 31, Unit premium reserve Opening balance 4,035,486,075 2,252,828,280 Add: Premium on Units issued 1,021,286,735 2,244,972,259 Less: Premium on Units redeemed (364,936,950) (462,314,464) Closing balance 4,691,835,859 4,035,486,075 Surplus/(deficit) in Revenue account Opening balance - - Add: Transfer from Revenue Account - - Closing balance - - General reserve Opening Balance 392,152, ,059,934 Add: Transfer from Revenue Account 40,148, ,092,851 Less: Transfer to Unit Premium Reserve - - Closing Balance 432,301, ,152,785 Unrealised Appreciation Account Opening Balance 1,094,528, ,784,368 Add: Adjustment for Previous years unrealised appreciation reserve - - Add/(Less): Transfer from/(to) Revenue Account 538,341, ,744,521 Closing Balance 1,632,870,167 1,094,528,889 Total 6,757,007,042 5,522,167,749 Schedule 3: Current liabilities and provisions (In `) Scheme E Tier I March 31, Current liabilities Sundry Creditors for expenses 594, ,990 Book Overdraft - - Redemption payable 8,752,661 14,251,391 TDS payable ,417 Contracts for purchase of investments 95,292,801 44,721,637 Interest received in advance - - Provision for Interest overdue - - Provision on upgraded assets - - Amount Payable to Other Schemes - - Total 104,640,947 59,661,436

7 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME E TIER I NOTES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT SEPTEMBER 30, Schedule 4: Investments (Long Term and Short Term) (In `) Scheme E Tier I March 31, Equity shares 10,441,165,284 8,803,382,994 Debentures and Bonds Listed/Awaiting Listing - - Central and state government securities (including treasury bills ) - - Commercial Paper - - AIF s (Category I and Category II Only)/REITs/INVITs/Asset Backed Securities/Commercial mortgage based Securities or Residential mortgage based securities - - Basel III Tier I bonds - - Others - Mutual funds 108,296, ,329,089 - Certificates of Deposit - - Total 10,549,461,665 8,912,712,083 Schedule 5: Deposits (In `) Scheme E Tier I March 31, Deposits with scheduled banks - - Total - - Schedule 6: Other current assets (In `) Scheme E Tier I March 31, Balances with bank in a current account 462,906 1,047,558 Contracts for sale of investments 0 - Interest Receivable on Non-Performing Investments - - Less: Provision for interest on Non-Performing Investment - - Outstanding and accrued income - - Dividend Receivable 5,392, ,217 Brokerage receivable from PFM - - Application money pending allotment - - Receivable from other scheme - - Redemption receivable on Non performing Investment - - Less: Provision for Non Performing Investment - - Total 5,854,933 1,693,775

8 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Schedule 7 Significant accounting policies and notes to accounts for the half year ended 1.1 Background ICICI Prudential Pension Funds Management Company Limited ( the Company ) is appointed as a Pension Fund Manager ( PFM ) by the National Pension System Trust ( NPS ). The Company has entered into an Investment Management Agreement ( IMA ) with NPS. The Pension Fund Regulatory and Development Authority ( PFRDA ) guidelines require each PFM to manage subscribers funds made available to it by the Trustee bank along with the data made available by the Central Recordkeeping Agency ( CRA ) at a consolidated level. The Company makes investments as per the IMA, various other circulars/guidelines issued by the PFRDA in this context from time to time and the scheme wise flow of funds. The Company manages seven separate schemes under the two tiered structure (Tier I and II) prescribed under the NPS. The schemes are classified as Scheme E, C, G and A based on the underlying asset class prescribed under the NPS as follows: Scheme E Equity market instruments Scheme C Credit risk bearing fixed income instruments Scheme G Government securities Scheme A Alternate Asset Class A 1.2 Basis of preparation The financial statements have been prepared in accordance with the PFRDA (Preparation of financial statements and Auditor s report of Schemes under National Pension System) Guidelines 2012 ( Guidelines ), Accounting Standards ( AS ) notified under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014 to the extent made applicable by the Guidelines and generally accepted accounting principles. The Guidelines specifically exempt the schemes from the applicability of AS 3 (Cash Flow Statement) and AS 17 (Segmental Reporting). These financial statements have been prepared on an accrual basis, except as otherwise stated. The financials have been prepared for Scheme E Tier I being managed by the Company. 1.3 Investments Purchase and sale of securities are accounted on trade date. Investments are reconciled with the custodian records on daily basis. The holding cost of investments is determined by the weighted average cost method and the cost does not include brokerage and other transaction charges. Valuation of Investments All investments are marked to market and are carried in the Balance Sheet at the market value as on Balance Sheet date/date of determination/date of valuation. Unrealized gain/(loss), if any, is transferred to Revenue account.

9 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I As per directive received from NPS, the valuation of investments is carried out by Stock Holding Corporation of India Limited (SHCIL) and provided to the PFM on daily basis. Income earned on Investments Dividend income and non-convertible debenture received in lieu of dividend is recognized on the `ex-dividend date. Bonus shares to which the scheme becomes entitled are recognized only when the original shares on which the bonus entitlement accrues are traded on the stock exchange on an ex-bonus basis. Similarly, rights entitlements are recognized only when the original shares on which the right entitlement accrues are traded on the stock exchange on an ex-rights basis. Profit or loss on sale of equity shares/mutual fund units is the difference between the sale consideration net of expenses, if any and the weighted average book cost. 1.4 Units reconciliation The subscribers units as per Investment management system are reconciled with Central Recordkeeping Agency (CRA) records on daily basis. 1.5 Investment management fees Investment management fees are recognized on daily accrual basis on closing Asset under management (AUM) in accordance with IMA. The Investment management fee is inclusive of brokerage but excludes custodian charges and applicable taxes, if any. 1.6 Other expenses Custody charges are recognized on daily accrual basis in accordance with IMA. Trustee bank charges were recognized when they were debited by the trustee bank on a quarterly basis. Notes to accounts 2.1 Contingent liabilities At September At March 31, 30, Uncalled liability on partly paid shares Nil Nil Other commitments Nil Nil 2.2 Investments All investments are performing investments. All investments of the scheme are in the name of the NPS Trust. All investments are traded investments. 2.3 Details of transactions with sponsor and its related parties

10 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Related parties and nature of relationship. Nature of relationship Name of the related party Pension fund manager ICICI Prudential Pension Funds Management Company Limited Sponsor company ICICI Prudential Life Insurance Company Limited Associates and group companies - Holding company of ICICI Bank Limited sponsor The following represents significant transactions between the Scheme and its related parties. Name of related party Nature of transaction Transactions for the half year ended September 30, September 30, 2017 Amount recoverable/ (payable) At September 30, At March 31, ICICI Prudential Pension Funds Management Company Limited Investment management fees 596, ,029 (295,968) (227,387) Aggregate investments made by the scheme in the associates and group companies are as follows: Period Name of the Company Asset type Cost Market value At ICICI Bank Limited Equity 349,956, ,944,453 At March 31, ICICI Bank Limited Equity 285,371, ,241,786 At ICICI Pru Life Insurance Limited Equity 24,110,265 20,940,476 At March 31, ICICI Pru Life Insurance Limited Equity Nil Nil 2.4 Investment management fees The Investment Management Fees is charged on closing funds under management on daily basis for all the schemes. In terms of the PFRDA s letter no. PFRDA/6/PFM/9/2 dated July 31, 2014, the Company has started charging investment management fee of 0.01% per annum, with effect from August 01, 2014.

11 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I 2.5 Aggregate value of purchase and sale with percentage to average daily net assets Aggregate value of purchase and sale with percentage to average daily net assets is as follows: Half year ended Half year ended 2017 Aggregate value of purchase and sale 14,463,297,065 10,596,638,191 % to average net assets 143.3% 169.7% Aggregate value of purchase and sale (excluding liquid mutual fund)* with percentage to average daily net assets is as follows: Half year ended Half year ended 2017 Aggregate value of purchase and sale 3,103,924,364 1,947,898,138 % to average net assets 30.8% 31.2% *liquid mutual fund investments are held for day to day cash management, hence excluded. 2.6 Investments falling under each major industry group The total value of investments falling under each major industry group (which constitutes not less than 5% of the total investments in the major classification of the financials) are disclosed as under: Investment classification At At March 31, % of % of Market value (In investm Market value investm ) ent ent class class Equity 10,441,165, % 8,803,382, % Monetary intermediation of commercial banks, saving banks. postal 2,540,769, % 2,147,500, % savings Writing, modifying, testing of computer 1,443,879, % 933,381, % program Manufacture of other petroleum n.e.c. 916,866, % 577,948, %

12 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Manufacture of cigarettes, cigarette 657,367, % 478,741, % tobacco Activities of specialized institutions granting credit for house 536,508, % 548,693, % purchases Manufacture of passenger cars 533,039, % 527,965, % Others 3,812,733, % 3,589,152, % Mutual Funds 108,296, % 109,329, % Net current assets (98,786,014 ) 100.0% (57,967,659) 100.0% Net asset value 10,450,675, % 8,854,744, % 2.7 Statement of portfolio holding as on Security name Units Acquisition cost Market value Equity 8,808,295,116 10,441,165,284 Zee Entertainment Enterprises Limited 60,511 27,604,378 26,540,125 YES BANK LIMITED 217,885 65,580,133 40,014,580 Wipro Limited. 87,597 24,440,127 28,381,428 Ultratech Cement Limited. 15,107 50,959,193 61,333,665 Titan Company Ltd 86,842 44,511,044 69,959,915 Tech Mahindra Limited 130,564 67,701,014 97,335,462 Tata Steel Limited. 157,099 74,267,240 91,313,794 Tata Motors Limited. 620, ,434, ,729,345 Tata Consultancy Services Limited. 229, ,316, ,169,934 Sun Pharmaceuticals Industries Limited. 146,149 95,242,568 91,087,364 State Bank Of India. 776, ,347, ,193,407 Siemens Limited. 18,529 22,110,170 17,512,684 SHRIRAM TRANSPORT FINANCE CO. LTD 30,221 32,557,939 34,782,860 Shree Cement Limited 1,353 22,404,290 22,855,214 Reliance Industries Limited. 728, ,051, ,866,921 Power Grid Corporation Of India Limited 468,196 79,290,155 88,208,126 Petronet LNG Ltd. 156,094 34,400,380 35,082,127 Oracle Financial Services Software Ltd 4,624 17,131,914 18,109,665 Oil India Ltd. 239,295 47,509,671 52,537,217

13 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Security name Units Acquisition cost Market value Oil & Natural Gas Corporation Limited. 1,017, ,722, ,374,361 NMDC Limited 184,377 22,777,041 20,871,476 NTPC Limited. 1,244, ,364, ,655,503 MOTHERSON SUMI SYSTEMS LIMITED 166,502 40,594,128 42,757,714 Maruti Suzuki India Limited. 27, ,445, ,531,546 MARICO LIMITED 107,465 37,255,498 35,791,218 Mahindra & Mahindra Limited. 383, ,823, ,508,374 Lupin Limited. 49,872 60,198,727 44,932,178 Larsen & Toubro Limited. 337, ,825, ,441,879 L&T Finance Holdings Ltd 342,508 51,358,957 44,389,037 Kotak Mahindra Bank Limited. 223, ,104, ,693,285 JSW STEELS LIMITED. 216,327 39,611,322 82,561,200 Infosys Limited. 862, ,865, ,750,621 IndusInd Bank Limited. 181, ,309, ,809,987 INDIAN OIL CORPORATION LIMITED 938, ,529, ,989,056 Indiabulls Housing Finance Ltd 68,364 62,165,995 58,577,693 Idea Cellular Limited. 365,648 33,349,896 14,095,730 ICICI Prudential Life Insurance Co. Ltd. 62,743 24,110,265 20,940,476 ITC Limited. 2,207, ,175, ,367,984 ICICI Bank Limited. 1,338, ,956, ,944,453 Housing Development Finance Corporation Limited. 305, ,110, ,508,555 Hindustan Unilever Limited 147, ,252, ,673,268 HINDUSTAN PETROLEUM CORPORATION LTD 155,402 47,503,105 39,075,833 Hindalco Industries Limited 303,714 52,450,847 69,747,920 Hero Motocorp Limited. 43, ,758, ,684,611 Havells India Limited 52,071 31,896,956 30,956,210 HDFC Bank Limited. 440, ,634, ,716,163 HCL Technologies Limited. 4,000 3,392,232 4,351,200 HCL Technologies Limited. 152, ,244, ,780,720 Grasim Industries Limited. 125, ,660, ,324,916 GAIL (India) Limited. 326,279 90,951, ,659,741 EICHER MOTORS LTD. 1,889 43,046,695 45,686,221 Dr. Reddys Laboratories 25,217 64,874,829 63,815,401

14 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Security name Units Acquisition cost Market value Limited. DABUR INDIA LTD 117,634 38,804,310 50,217,955 CONTAINER CORPORATION OF INDIA LTD 45,651 22,785,248 28,643,720 Coal India Limited. 326,280 96,460,407 86,872,050 Cipla Limited. 105,569 59,340,034 69,047,404 Cadila Healthcare Limited. 53,267 19,948,989 20,558,399 BRITANNIA INDUSTRIES LIMITED 12,244 44,703,388 71,302,934 Bosch Limited. 1,906 40,267,276 37,994,395 Bharti Airtel Limited. 332, ,413, ,402,324 Bharat Petroleum Corporation Limited. 223,307 85,548,027 83,550,314 BHARAT HEAVY ELECTRICALS LIMITED. 282,722 29,496,405 19,366,457 BHARAT ELECTRONICS LIMITED. 167,349 25,744,847 13,438,125 BANK OF BARODA 713, ,164,540 71,009,071 Bajaj Finance Limited 23,660 53,788,260 51,294,880 Bajaj Auto Limited. 12,217 32,551,729 32,832,577 Axis Bank Limited. 602, ,136, ,388,071 Asian Paints Limited. 93,328 90,426, ,701,102 Ambuja Cements Limited. 66,781 15,135,190 14,928,893 ACC Limited. 48,725 75,398,087 75,638,254 Mutual Funds 108,296, ,296,380 UTI- Liquid Fund-Cash Plan- Inst Growth Direct. 66, ,296, ,296,380 Total 8,916,591,496 10,549,461,664 Statement of portfolio holding as on March 31, Security name Units Acquisition cost Market value Equity 7,708,940,253 8,803,382,995 HDFC Bank Limited. 388, ,806, ,555,582 Reliance Industries Limited. 654, ,388, ,948,708 Housing Development Finance Corporation Limited. 300, ,512, ,693,208 Infosys Limited. 435, ,591, ,713,285 ITC Limited. 1,873, ,315, ,741,592 Larsen & Toubro Limited. 302, ,748, ,582,644

15 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Security name Units Acquisition cost Market value ICICI Bank Limited. 1,136, ,371, ,241,786 IndusInd Bank Limited. 171, ,041, ,155,202 Mahindra & Mahindra Limited. 366, ,746, ,639,120 Maruti Suzuki India Limited. 29, ,044, ,326,344 Tata Motors Limited. 744, ,632, ,366,954 State Bank Of India. 850, ,512, ,649,906 INDIAN OIL CORPORATION LIMITED 1,133, ,202, ,113,230 Kotak Mahindra Bank Limited. 190, ,572, ,837,464 Tata Consultancy Services Limited. 69, ,849, ,283,797 YES BANK LIMITED 648, ,211, ,616,269 NTPC Limited. 1,094, ,585, ,674,031 Hindustan Unilever Limited 133, ,102, ,916,891 Bharti Airtel Limited. 410, ,056, ,533,583 Oil & Natural Gas Corporation Limited. 892, ,283, ,664,808 Axis Bank Limited. 281, ,669, ,602,629 HCL Technologies Limited. 147, ,502, ,336,334 Dr. Reddys Laboratories Limited. 63, ,275, ,144,053 Hero Motocorp Limited. 36, ,649, ,674,496 GAIL (India) Limited. 294,583 80,126,042 96,785,245 Asian Paints Limited. 85,118 79,777,870 95,366,207 Coal India Limited. 314,527 94,234,775 89,105,499 Tata Steel Limited. 154,974 73,009,733 88,497,903 Bharat Petroleum Corporation Limited. 196,665 75,058,825 84,064,454 Power Grid Corporation Of India Limited 399,106 65,831,710 77,127,235 Indiabulls Housing Finance Ltd 60,823 53,120,624 75,253,257 Tech Mahindra Limited 116,829 58,398,028 74,618,682 Titan Company Ltd 78,316 36,974,739 73,797,167 Bajaj Auto Limited. 25,901 68,266,233 71,090,475 Idea Cellular Limited. 855,114 79,618,018 64,903,153 Grasim Industries Limited. 57,746 42,290,279 60,685,271 Sun Pharmaceuticals Industries Limited. 119,518 79,363,590 59,173,362 Hindalco Industries Limited 267,842 44,407,447 57,465,501

16 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Security name Units Acquisition cost Market value JSW STEELS LIMITED. 190,198 30,906,584 54,805,554 Ultratech Cement Limited. 13,384 44,059,865 52,866,800 BRITANNIA INDUSTRIES LIMITED 10,379 34,340,041 51,589,857 Cipla Limited. 89,905 49,931,712 49,038,682 EICHER MOTORS LTD. 1,712 37,857,644 48,573,977 HINDUSTAN PETROLEUM CORPORATION LTD 132,829 40,712,393 45,806,081 ACC Limited. 29,622 47,481,247 44,655,165 Oil India Ltd. 203,026 39,748,178 43,924,675 MOTHERSON SUMI SYSTEMS LIMITED 136,492 30,657,678 42,442,187 BHARAT ELECTRONICS LIMITED. 295,671 49,017,378 41,822,663 Bank of Baroda 258,900 42,406,034 36,841,470 Zee Entertainment Enterprises Limited 63,766 28,806,111 36,697,333 SHRIRAM TRANSPORT FINANCE CO. LTD 25,400 25,804,527 36,565,840 Lupin Limited. 41,867 53,539,993 30,807,832 Petronet LNG Ltd. 130,268 28,643,826 30,085,395 Ambuja Cements Limited. 127,657 28,945,329 29,737,698 Bosch Limited. 1,592 34,279,232 28,683,940 CONTAINER CORPORATION OF INDIA LTD 19,177 18,044,268 23,877,283 Bharat Heavy Electricals Limited. 232,608 25,543,906 18,922,661 NMDC Limited 150,283 18,950,608 17,816,050 Cadila Healthcare Limited. 44,243 16,470,425 16,717,218 Siemens Limited. 15,419 18,929,350 16,542,274 Oracle Financial Services Software Ltd 3,835 13,961,062 14,363,417 Glenmark Pharmaceuticals Ltd 25,924 22,096,995 13,643,801 Power Finance Corporation Limited. 155,223 18,266,097 13,294,850 DABUR INDIA LTD 38,820 11,209,615 12,748,488 Wipro Limited. 32,245 8,680,617 9,065,682 NHPC Limited 270,787 6,502,831 7,500,800 Mutual Funds 109,242, ,329,088 HDFC Liquid Fund -Direct Plan - Growth Option 31, ,242, ,329,088

17 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I Security name Units Acquisition cost Market value Total 7,818,183,193 8,912,712, Key statistics S. No. As at September 30, As at September 30, NAV Per Unit (`.)* Open High Low End Closing Assets Under Management ( `. In Lakhs) End 104, , Average (AAUM) 100, , Gross income as % of AAUM % % 4 Expense Ratio a Total Expense as % of AAUM (Scheme wise) % % b Management Fee as % of AAUM (Scheme Wise) % % 5 Net Income as a percentage of AAUM % % 6 Portfolio turnover ratio 9.70% 7.13% 7 Returns (%)* Compounded Annualised Yield Last 1 Year 11.25% 12.56% Last 3 Years 11.72% 8.22% Last 5 Years 14.94% 13.02% Since Launch of the scheme (May 18, 2009) 11.74% 11.80% I. NAV = (Market value of scheme investments + current assets - current liability and provisions, if any) / (no. of scheme units outstanding) II. AAUM = (Aggregate of the daily AUM in the relevant FY)/(no. of calendar days in the relevant FY) III. Gross income = Total Income as per Revenue Account IV. Total expenses = Total Expenses as per Revenue Account

18 ICICI Prudential Pension Funds Management Company Limited - Scheme E Tier I V. Net income = Surplus / Deficit as per Revenue Account VI. Portfolio turnover = Total of sale or purchase, whichever is lower, divided by AAUM. (Investment in liquid mutual fund is excluded from the turnover as the same is primarily for liquidity management) VII. Compounded annualised yield is to be calculated based on following formula: = ((1+ cumulative return)^n) -1 (where n=365/no. of days) 2.9 Previous year comparatives Previous year amounts have been regrouped and reclassified wherever necessary to conform to current period s presentation in line with the PFRDA (Preparation of financial statements and Auditor s report of Schemes under National Pension System) Guidelines For and on behalf of the Board of Directors of ICICI Prudential Pension Funds Management Company Limited N. S. Kannan Puneet Nanda Chairman Director DIN: DIN: Meghana Baji Chief Executive Officer Shweta Nayak Company Secretary ACS Date : October 23, Place : Mumbai

19 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Financial Statements for the half year ended

20 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Financial Statements For the half year ended Contents Balance Sheet Revenue Account Accounting Policies and Notes to Accounts

21 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME C TIER I BALANCE SHEET AT SEPTEMBER 30, (In `) Scheme C TIER I Schedule March 31, Liabilities Unit capital 1 2,625,638,668 2,342,302,188 Reserves and surplus 2 3,893,190,576 3,453,517,767 Current liabilities and provisions 3 7,644,709 11,520,664 Total 6,526,473,953 5,807,340,619 Assets Investments 4 6,253,868,039 5,550,694,028 Deposits Other current assets 6 272,605, ,646,591 Total 6,526,473,953 5,807,340,619 (a) Net assets as per Balance Sheet (Schedule ) 6,518,829,244 5,795,819,955 (b) Number of units outstanding 262,563, ,230,219 (c) NAV per unit (a)/(b) (`) (Refer note 2.8 (II)) Significant accounting policies and notes to accounts 7 This is the Balance Sheet referred to in our report of even date. For and on behalf of Board of Directors of ICICI Prudential Pension Funds Management Company Limited N. S. Kannan Puneet Nanda Chairman Director DIN: DIN: Meghana Baji Chief Executive Officer Shweta Nayak Company Secretary ASC Date : October 23, Place : Mumbai

22 Income NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME C TIER I REVENUE ACCOUNT FOR THE HALF YEAR ENDED SEPTEMBER 30, (In `) 2017 Dividend income - - Interest income 249,897, ,392,033 Profit on sale/redemption of investments 3,678,054 5,602,017 Profit on inter-scheme transfer/sale of investments - - Unrealised gain on appreciation in investments 1,379,790 31,150,665 Other income - Miscellaneous Income 2,389 - Total income (A) 254,958, ,144,715 Expenses and losses Unrealised losses in value of investments 230,253,780 6,095,778 Loss on sale/redemption of investments - 82,532 Loss on inter-scheme transfer/sale of investments - - Management fees (including GST service tax) [Refer Note 2.4] 364, ,483 NPS Trust fees 154, ,117 Custodian fees 118,023 69,687 CRA Fees - - Less: Amount recoverable on sale of units on account of CRA Charges - - Trustee bank fees - - Depository and settlement charges 15, Provision for Non-Performing Assets - - Other Expenses, if any - - Total expenditure (B) 230,905,214 6,697,214 Surplus/Deficit for the year (A-B) 24,052, ,447,501 Less: Amount transferred to Unrealised appreciation account (228,873,990) 25,054,887 Less: Amount transferred to General Reserve 252,926, ,392,613 Amount carried forward to Balance Sheet - - Significant accounting policies and notes to accounts 7 This is the Revenue Account referred to in our report of even date. For and on behalf of Board of Directors of ICICI Prudential Pension Funds Management Company Limited Schedule Scheme C TIER I N. S. Kannan Puneet Nanda Chairman Director DIN: DIN: Meghana Baji Chief Executive Officer Shweta Nayak Company Secretary ASC Date : October 23, Place : Mumbai

23 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME C TIER I NOTES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT SEPTEMBER 30, Schedule 1: Unit capital (In `) Scheme C TIER I March 31, Initial capital - - Unit capital Outstanding at the beginning of the year 2,342,302,188 1,573,514,575 Add :Issued during the year 401,795, ,806,393 Less: Redeemed during the year (118,458,973) (177,018,780) Outstanding at the end of the year 2,625,638,668 2,342,302,188 (Face Value of Rs.10/- each unit, fully paid up) Outstanding units at the beginning of the year 234,230, ,351,458 Add :Units issued during the year 40,179,545 94,580,639 Less: Units redeemed during the year (11,845,897) (17,701,878) Outstanding Units at the end of the year 262,563, ,230,219 Schedule 2: Reserves and surplus (In `) Scheme C TIER I March 31, Unit premium reserve Opening balance 2,634,391,744 1,545,266,578 Add: Premium on Units issued 588,703,722 1,339,774,125 Less: Premium on Units redeemed (173,083,850) (250,648,959) Closing balance 3,050,011,616 2,634,391,744 Surplus/(deficit) in Revenue account Opening balance - - Add: Transfer from Revenue Account - - Closing balance - - General reserve Opening Balance 795,343, ,478,335 Add: Transfer from Revenue Account 252,926, ,865,518 Less: Transfer to Unit Premium Reserve - - Closing Balance 1,048,270, ,343,853 Unrealised Appreciation Account Opening Balance 23,782, ,249,670 Add: Adjustment for Previous years unrealised appreciation reserve - - Add/(Less): Transfer from/(to) Revenue Account (228,873,990) (87,467,500) Closing Balance (205,091,820) 23,782,170 Total 3,893,190,576 3,453,517,767 Schedule 3: Current liabilities and provisions (In `) Scheme C TIER I March 31, Current liabilities Sundry Creditors for expenses 375, ,875 Book Overdraft - - Redemption payable 7,268,679 11,074,507 TDS payable 432 8,282 Contracts for purchase of investments 0 - Interest received in advance - - Provision for Interest overdue - - Provision on upgraded assets - - Amount Payable to Other Schemes - - Total 7,644,709 11,520,664

24 NATIONAL PENSION SYSTEM TRUST NPS TRUST A/C - ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED PENSION FUND SCHEME C TIER I NOTES ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT SEPTEMBER 30, Schedule 4: Investments (Long Term and Short Term) (In `) Scheme C TIER I March 31, Equity shares - - Debentures and Bonds Listed/Awaiting Listing 6,102,937,099 5,482,489,665 Central and state government securities (including treasury bills ) - - Commercial Paper - - AIF s (Category I and Category II Only)/REITs/INVITs/Asset Backed Securities/Commercial mortgage based Securities or Residential mortgage based securities - - Basel III Tier I bonds - - Others - Mutual funds 150,930,940 68,204,363 - Certificates of Deposit - - Total 6,253,868,039 5,550,694,028 Schedule 5: Deposits (In `) Scheme C TIER I March 31, Deposits with scheduled banks - - Total - - Schedule 6: Other current assets (In `) Scheme C TIER I March 31, Balances with bank in a current account 1 2,365,011 Contracts for sale of investments 0 - Interest Receivable on Non-Performing Investments - - Less: Provision for interest on Non-Performing Investment - - Outstanding and accrued income 272,605, ,281,580 Dividend Receivable - - Brokerage receivable from PFM - - Application money pending allotment - - Sundry Debtors - - Redemption receivable on Non performing Investment - - Less: Provision for Non Performing Investment - - Total 272,605, ,646,591

25 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Schedule 7 Significant accounting policies and notes to accounts for the half year ended 1.1 Background ICICI Prudential Pension Funds Management Company Limited ( the Company ) is appointed as a Pension Fund Manager ( PFM ) by the National Pension System Trust ( NPS ). The Company has entered into an Investment Management Agreement ( IMA ) with NPS. The Pension Fund Regulatory and Development Authority ( PFRDA ) guidelines require each PFM to manage subscribers funds made available to it by the Trustee bank along with the data made available by the Central Recordkeeping Agency ( CRA ) at a consolidated level. The Company makes investments as per the IMA, various other circulars/guidelines issued by the PFRDA in this context from time to time and the scheme wise flow of funds. The Company manages seven separate schemes under the two tiered structure (Tier I and II) prescribed under the NPS. The schemes are classified as Scheme E, C, G and A based on the underlying asset class prescribed under the NPS as follows: Scheme E Equity market instruments Scheme C Credit risk bearing fixed income instruments Scheme G Government securities Scheme A Alternate Asset Class A 1.2 Basis of preparation The financial statements have been prepared in accordance with the PFRDA (Preparation of financial statements and Auditor s report of Schemes under National Pension System) Guidelines 2012 ( Guidelines ), Accounting Standards ( AS ) notified under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014 to the extent made applicable by the Guidelines and generally accepted accounting principles. The Guidelines specifically exempt the schemes from the applicability of AS 3 (Cash Flow Statement) and AS 17 (Segmental Reporting). These financial statements have been prepared on an accrual basis, except as otherwise stated. The financials have been prepared for Scheme C Tier I being managed by the Company. 1.3 Investments Purchase and sale of securities are accounted on trade date. Investments are reconciled with the custodian records on daily basis. The holding cost of investments is determined by the weighted average cost method and the cost does not include brokerage and other transaction charges. Valuation of investments All investments are marked to market and are carried in the Balance Sheet at the market value as on Balance Sheet date/date of determination/date of valuation. Unrealised gain/(loss), if any, is transferred to Revenue account.

26 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I As per directive received from NPS, the valuation of investments is carried out by Stock Holding Corporation of India Limited (SHCIL) and provided to the PFM on daily basis. Income earned on investments Interest income on investments is recognised on daily accrual basis. In respect of investments purchased, interest paid for the period from the last interest due date upto the date of purchase is debited to interest recoverable account and not included in cost of purchase. Similarly interest received at the time of sale for the period from the last interest due date upto the date of sale is credited to interest recoverable account and not included in sale value. Accretion of discount/amortization of premium relating to discounted debt securities is recognised over the holding/maturity period on a straight-line basis. Profit or loss on sale of debt securities is the difference between the sale consideration net of expenses, if any and the weighted average amortised cost as on the date of sale. Profit or loss on sale of mutual fund units is the difference between the sale consideration net of expenses, if any and the weighted average book cost. Non-performing assets (NPA) An investment is regarded as NPA, if interest/principal or both amount has not been received or has remained outstanding for one quarter from the day such income/installment has fallen due. Further the Company also classifies following assets as impaired. 1. In case of investments, securities where the certificates, if any, are not traceable for a protracted period 2. In case of assets, other than investments, where in the opinion of the Board of Directors, there is a substantial diminution in value. Where income receivable on investments has accrued but has not been received for one quarter beyond the due date, provision shall be made by debiting to the Revenue account for the income so accrued and no further accrual of income shall be made in respect of such investments. Income on NPAs shall be recognised on cash basis. 1.4 Units reconciliation The subscribers units as per Investment management system are reconciled with Central Recordkeeping Agency (CRA) records on daily basis. 1.5 Investment management fees Investment management fees are recognised on daily accrual basis on closing Asset under management (AUM) in accordance with IMA. The investment management fee is inclusive of brokerage but excludes custodian charges and applicable taxes, if any.

27 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I 1.6 Other expenses Custody charges are recognised on daily accrual basis in accordance with IMA. Trustee bank charges were recognised when they were debited by the trustee bank on a quarterly basis. Notes to accounts 2.1 Contingent liabilities At At March 31, Other commitments Nil Nil 2.2 Investments All investments and deposits under the scheme are performing assets; hence no provisions for doubtful deposits, debts and for doubtful outstanding and accrued income are required to be made. All the investments of the scheme are in the name of the NPS Trust. Aggregate value of non-traded investments as on is 3,125,095,491(March 31, : 2,397,556,940). Non traded securities as per the PFRDA (Preparation of financial statements and Auditor s report of Schemes under National Pension System) Guidelines 2012 are those securities that are not traded on any stock exchange for a period of 30 days prior to the valuation date. They are valued at yield to maturity basis, by using spreads over the benchmark rate. 2.3 Details of transactions with sponsor and its related parties Related parties and nature of relationship. Nature of relationship Pension fund manager Sponsor company Associates and group companies - Holding company of sponsor Name of the related party ICICI Prudential Pension Funds Management Company Limited ICICI Prudential Life Insurance Company Limited ICICI Bank Limited The following represents significant transactions between the Scheme and its related parties. Name of related party Nature of transaction Transactions for the half year ended Amount recoverable/ (payable)

28 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I September 30, September 30, 2017 At September 30, At March 31, ICICI Prudential Pension Funds Management Company Limited Investment management fees 364, ,483 (177,915) (141,838) Aggregate investments made by the scheme in the associates and group companies at is Nil (March 31, : Nil). 2.4 Investment management fees The Investment Management Fees is charged on closing funds under management on daily basis for all the schemes. In terms of the PFRDA s letter no. PFRDA/6/PFM/9/2 dated July 31, 2014, the Company has started charging investment management fee of 0.01% per annum, with effect from August 01, Aggregate value of purchase and sale with percentage to average daily net assets Aggregate value of purchase and sale with percentage to average daily net assets is as follows: Half year ended Half year ended 2017 Aggregate value of purchase and sale 26,017,268,862 19,052,313,166 % to average daily net assets 422.5% 461.2% Aggregate value of purchase and sale (excluding liquid mutual fund)* with percentage to average daily net assets is as follows: Half year ended Half year ended 2017 Aggregate value of purchase and sale 873,054,213 1,495,622,954 % to average daily net assets 14.2% 36.2% *liquid mutual fund investments are held for day to day cash management, hence excluded. 2.6 Investments falling under each major industry group

29 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I The total value of investments falling under each major industry group (which constitutes not less than 5% of the total investment in the major classification of the financials) are disclosed as under: Investment classification At At March 31, % of % of Market value Market value investmen investmen t class t class Mutual funds 150,930, % 68,204, % Mutual funds 150,930, % 68,204, % Non-convertible debentures 6,102,937, % 5,482,489, % Other credit granting 1,719,973, % 1,553,538, % Activities of specialized institutions granting credit for house 863,304, % 752,253, % purchases Monetary intermediation of commercial banks, saving banks. postal 687,371, % 717,234, % savings Other financial service activities, except insurance and pension 642,366, % 570,100, % funding activities Other monetary intermediation services 556,626, % 289,129, % n.e.c. Service activities incidental to water 398,242, % 417,171, % transportation Others 1,235,051, % 1,183,061, % Net current assets 264,961, % 245,125, % Net asset value 6,518,829, % 5,795,819, % 2.7 Statement of portfolio holding as on Security name Units Acquisition cost Market value Mutual Funds 150,930, ,930,940 IDFC Cash fund - Direct Plan Growth 51, ,930, ,930,940 Non-convertible debentures 6,308,028,919 6,102,937, % Yes Bank Limited Infrastructure 2026 ( 30 Sep 26) 1,320, ,386, ,363, % Tata Sons Limited 2022 (13-Sep- 2022) 130,000 13,041,781 13,330,434

30 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Security name Units Acquisition cost Market value 9.81% Tata Motors Limited 2024 (20-Aug- 2024) 500,000 50,313,990 50,577, % Shriram Transport Finance Co. Ltd (22-Mar-2023) 950,000 94,975,205 91,570, % STFC 2023 Series PPD F-16 Option III 960,000 96,009,600 92,525, % Shriram Transport Fin Co Ltd (24-10-) 220,000 22,000,000 21,932, % Shriram Transport Fin Co. Limited 2021 (19-Sep-2021) 490,000 50,250,186 49,177, % Shriram Transport Finance Company Limited 2019 (15-Ju 280,000 27,823,600 28,101, % Rural Electrification Corporation Ltd (6-Feb-2025) 1,450, ,380, ,745, % RECL 2023 (12-April-2023). 1,800, ,468, ,624, % Rural Electrification Corporation Ltd. (08-Mar-2020) 150,000 15,004,500 15,001, % Rural Electrification Corporation Ltd (21-Dec-2024) 470,000 47,573,400 46,298, % Rural Electrification Corporation Ltd (19-Nov-2022) 500,000 51,637,894 50,219, % Reliance Ports & Terminals Ltd 2023 (12 Jun 2023) ,838, ,909, % Reliance Ports and Terminals Ltd 2026 (18/11/2026) ,753, ,333, % Reliance Jio Infocomm Limited 2020 (15-Sep-2020) 510,000 49,547,382 51,134, % Jio 2023 (9-Apr-2023) 1,000,000 96,072,000 96,770, % Punjab National Bank (09-Feb- 2025) 500,000 50,000,000 46,947, % Power Grid Corporation of India Ltd STRPP 2029 (20-Oct 450,000 45,000,000 45,191, % POWER GRID CORPORATION OF INDIA LTD 2021( ) 100,000 10,449,000 9,950, % Power Grid Corporation 2022 STRIPS (19-Oct-2022) 487,500 49,528,343 48,714, % Power Finance Corporation Ltd 2024 (07-Aug-2024) 470,000 48,072,775 46,387, % PFC BOND SERIES B 14/08/ ,180,000 41,880, % Power Finance Corporation (11th June 2027) Option B 910,000 91,000,000 83,221, % Power Finance Corporation Ltd 2024 (28-Dec-2024) 460,000 48,430,594 45,466, % Power Finance Corporation Ltd 850,000 88,042,301 85,356,660

31 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Security name 2024 (08-Oct-2024) Units Acquisition cost Market value 7.85% PFC 2028 (03-Apr-2028) 980,000 98,054,488 92,917, % Power Finance Corporation ( )Option A 1,000,000 94,916,350 94,137, % Power Finance Corporation Ltd (30-Sep-2021) 870,000 84,183,984 83,805, % Power Finance Corporation Ltd (07-Oct-18) 350,000 35,224,104 35,014, % Piramal Enterprises Ltd Series ,400, ,000, ,260, % Nuclear Power Corporation 2028 (25-Mar-2028) 960,000 96,278,976 92,712, % NUCLEAR POWER CORPORATIONOF INDIA LTD (28-Nov- 2026) 420,000 43,104,600 41,275, % NUCLEAR POWER CORPORATIONOF INDIA LTD (18-March- 2023) 630,000 64,316,385 62,725, % NABARD 2022 (31-Jan-2022) 2,810, ,944, ,555, % NHPC 2024 ( ) 1,400, ,328, ,652, % M & M FINANCIAL SERVICES LTD (23-Jan-2025) 420,000 42,000,000 40,283, % MRF Limited 2020 (27-May-2020) 10, ,544 1,018, % MRF Limited 2019 (27-May-2019). 20,000 2,040,800 2,012, % (XIRR) L&T IRCL 2023 (15 Oct 2023) 40,000 4,000,000 4,054, % (XIRR) L&T IRCL 2023 (15 Apr 2023) 65,000 6,500,000 6,579, % (XIRR) L&T IRCL 2022 (15 Oct 2022) 75,000 7,500,000 7,585, %(XIRR) L&T IRCL 2021 (15 Oct 2021) 50,000 5,000,000 5,048, % (XIRR) L&T IRCL 2021 (15 Apr 2021) 70,000 7,000,000 7,057, % (XIRR) L&T IRCL 2020 (15 Oct 2020). 60,000 6,000,000 6,047, %(XIRR) L&T IRCL 2019 (15 Oct 2019) ,500,000 4,519, % LIC Housing Finance Ltd 2023 (01/01/2023) 480,000 49,816,800 48,579, % LIC Housing Finance Ltd (15- Sep-2020) 460,000 46,275,172 46,121, % LIC HOUSING FINANCE LTD ( ) 480,000 49,106,928 46,911,600

32 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Security name Units Acquisition cost Market value 8.55% LIC Housing Finance Limited 2025 (14-Aug-2025). 450,000 45,004,500 44,232, % LIC Housing Finance Limited (24- July-2019) 190,000 19,000,000 19,085, % LIC Housing Finance Limited (10- July-2026). 420,000 43,221,234 41,847, % LIC Housing Finance Ltd 2022 (17/10/2022) 910,000 89,119,485 86,934, % LIC Housing Finance Limited 2023 (25-April-2023). 940,000 97,883,140 93,653, % L & T Housing Finance Ltd ,400, ,000, ,440, % Jhajjar Power Limited 2026 (30 April 2026) 400,000 40,000,000 42,163, % Jhajjar Power Limited 2025 (30 April 2025). 500,000 50,570,000 52,417, % IOT UTKAL ENERGY SERVICES LIMITED (20-Feb-2025). 430,000 45,454,096 45,959, % IOT UTKAL ENERGY SERVICES LIMITED (20-Mar-2026) ,000 50,844,860 49,585, % IRFC 2027 (30/05/2027) 1,000, ,467,500 91,745, % IRFC 2027 (21/03/2027) 1,390, ,260, ,557, % IRFC 2027 (28/08/2027) 900,000 90,014,000 81,657, % IRFC 2026 (29-NOV-2026). 390,000 38,400,695 39,118, % Indiabulls Housing Finance Limited 2021 (23-June-2021) 1,000, ,105,400 98,891, % Indiabulls Housing Finance Limited 2021 (26/09/2021) 980,000 97,079,780 97,761, % India Bulls Housing Finance Limited 2022 (29-Dec-2022) 1,450, ,283, ,165, % India Infradebt Ltd 2022 (31/10/2022) 1,880, ,037, ,884, % IDFC Limited 2024 (21-Aug-2024). 480,000 50,620,800 48,319, % IDFC 2024 (12-Sep-2024) 400,000 40,000,000 40,311, % IDFC Limited 2023 (28-July-2023) 500,000 50,000,000 49,238, % IDFC Limited 2020 (15-Apr-2020). 450,000 44,960,175 44,716, % HDFC 2026 (June ) 900,000 93,322,530 87,767, % HDFC 2026 (June ) 900,000 92,394,000 87,862, % HDFC 2021 ( Mar ) 900,000 92,790,000 89,783, % HDFC (29-DEC-)AAA 310,000 30,924,200 31,085, % HINDALCO INDUSTRIES LIMITED 2022 (25-Apr-2022) 830,000 84,716,240 83,227, Food Corporation of India ,000 46,078,000 47,370,800

33 ICICI Prudential Pension Funds Management Company Limited - Scheme C Tier I Security name Units Acquisition cost Market value (07/03/2022) 8.76 Exim Bank 2013 Sr. P ,000 99,711,247 96,524, % EXIM BOND (29-OCT-2025) 920,000 95,925,824 87,920, % EXIM BOND (22-MAY-2023) 960,000 98,647,584 92,626, % BAJAJ FINANCE LTD 2022 ( ) 1,440, ,000, ,891, % AXIS Bank Ltd 2024 (05-Dec-2024) 1,620, ,910, ,646, % AXIS Bank Ltd Infra Bond 2023 (20th-oct-2023) 1,820, ,145, ,828, % APOLLO TYRES LTD 2024 (30/04/2024) SERIES C 410,000 41,125,378 38,553, % APOLLO TYRES LTD 2023 (28/04/2023) SERIES B 500,000 50,138,800 47,553,200 Total 6,458,959,859 6,253,868,039 Statement of portfolio holding as on March 31, Security name Units Acquisition cost Market value Mutual Funds 68,150,620 68,204,363 IDFC Cash fund - Direct Plan Growth 19,931 68,150,620 68,204,363 Non-convertible debentures 5,458,761,239 5,482,489, % RPTL 2026 ( ) 2,270, ,753, ,072, % RPTL 2023 ( ) 1,870, ,838, ,099, % INDIA INFRADEBT LIMITED 2022 (31-Oct-2022) 1,880, ,037, ,707, % REC LTD (12-APR-2023) 1,800, ,468, ,537, % AXIS Bank Ltd 2023 (20-Oct-2023) 1,820, ,145, ,468, % Axis Bank Ltd 2024 (05-Dec-2024). 1,620, ,910, ,547, % India Bulls Housing Finance Limited 2022 (29-Dec-2022) 1,450, ,283, ,812, % Rural Electrification Corporation Ltd 2025 (6-Feb-2025) 1,450, ,380, ,785, % L&T Housing Finance Ltd (02-Aug- 2021) 1,400, ,000, ,214, % PIRAMAL ENTERPRISES LTD 2019 (12-AUG-2019) 1,400, ,000, ,376, % BAJAJ FINANCE LTD 2022 ( ) 1,440, ,000, ,871, % IRFC 2027 (21-Mar-2027) 1,390, ,260, ,438, % NHPC V2 SERIES 2027 ( ,400, ,328, ,563,980