Factsheet. quant Mutual. (Formerly known as Escorts Mutual Fund)

Transcription

1 Factsheet quant Mutual (Formerly known as Escorts Mutual Fund) January 2019

2 Table of content Scheme Details quant Active Fund 4 quant Large & Mid-Cap Fund 5 quant Mid Cap Fund 6 quant Small Cap Fund 7 quant Focused Fund 8 quant Consumption Fund 9 quant Infrastructure Fund 10 quant Tax Plan 11 quant Liquid Plan 12 quant Ultra Short Duration Fund 13 quant Dynamic Bond 14 quant Absolute Fund 15 quant Unconstrained Fund 16 Dividend History 17 Glossary 18 AMC Branches & Point of Service (POS Location) 19 Disclaimer: The Factsheet is for general reading purpose only and is not meant to serve as a professional guide. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives ( entities & their affiliates ) do not assume any responsibility for, or warrant the authenticity, accuracy, completeness, adequacy and reliability of such information. Whilst no action has been solicited based upon the information provided herein; due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable. This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice order to arrive at an informed investment decision. Entities & their affiliates shall not be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including loss of profits, arising in any way from the information contained in this material. Entities & their affiliates including persons involved in the preparation or issuance of this material may from time to time have long or short positions in and buy or sell the securities there of, of company (ies)/ specific economic sectors mentioned herein. NAV of the plan/option of certain schemes are not provided for certain cases as the NAV was not computed because there were no investors as on the date on which the NAV details are provided. Mutual Fund investments are subject to market risks, read all scheme related documents carefully 2

3 From the Investment Desk Equity: The turn of the tide 2018 was a difficult year for the NSE small cap index and NSE midcap index, losing ~26% and ~13% respectively, whereas the Sensex gave a positive return of ~4.5%. More than 70% of all NSE 500 stocks closed the year with negative returns. Of those, 35% gave negative return in excess of 30%, showcasing the breadth of correction in valuations, which had run up to historical extremes. We believe the pendulum of investor psychology has swung to the point of maximum fear, as showcased by our proprietary risk appetite indicators - implying a pullback rally globally and short covering in the domestic market could be on the cards. The dollar index is set to peak out after months of consolidation, which should be supportive of emerging market currencies going forward. Furthermore, a sharp correction in crude prices should lead to improved macroeconomic indicators and be supportive for FPI flows into Indian equities. From a liquidity perspective, EM flows outperformed DMs in the month of December, particularly, Asian economies. BFSI remains our preferred theme with public sector banks expected to lead the outperformance. The headwinds that affected public sector banks have abated enough to warrant at least a partial narrowing of the valuation gap against private peers. Accordingly we have increased our exposure to large PSU banks in the preceding month. We continue to like the domestic consumption story; however, given the relatively rich sectoral valuation, we remain selective in our stock picking. We also continue to remain positive on select capex plays. Given our belief that rupee is likely to show strength going ahead and emerging global growth concerns, we remain cautious on the Indian IT sector. From the wider macro perspective, we will continue to closely track two key events in the short to medium term, the uncertainty over which has most market participants on the sidelines: Firstly, the upcoming general elections, which will provide clarity on the future political landscape, and secondly, corporate earnings where the micro and macro domestic outlook will crystallize further following the recent oil and liquidity shock. The known unknowns in the year ahead gives us confidence in the effectiveness of dynamic money management approach over the traditional buy and hold strategy, as we usher in an interesting Fixed Income: Election season brings populist concerns India benchmark 10year GSec yield had started the year at ~7.32% and ended at ~7.37%. This almost benign 5bps rise however masks the significant volatility through the year as benchmark yield touched a low of 7.16% in April and a high of 8.20% in September, before a correction in crude prices and sustained pace of RBI OMOs resulted in a year-end rally. We believe that the volatility of the year gone by is a harbinger of times ahead, as markets globally adjust to an era of normalized monetary policy another rate hike by the Fed and transition to a post QE era by DM central banks even as domestic factors, elections, fiscal policy etc. add to the uncertainty. December itself proved to be an eventful month with an unexpected change of guard at the RBI, increase in pace of RBI OMO buys, crude prices continuing to remain under pressure amidst worries over global economic growth, while inflation continued to plunge amidst food deflation. Even as prospects of monetary policy stance transitioning to a more dovish stance and continued RBI OMO support supported a rally in yields, possibility of fiscal slippage on account of continued weak indirect tax collections and possibility of populist measures from a government approaching the general elections on the back foot after reverses in the state elections, have led to the emergence of fiscal concerns. While, fiscal slippage seems to be a given, the degree is a source of uncertainty, with possibility of pre-election agricultural sops, and possible mitigation from an ad-hoc RBI dividend being key factors to watch. On the global front, UST curve inversion, despite a confident Fed further tightening policy, seems to foretell extreme risk aversion which has also resulted in muted FPI inflows into the Indian debt market. Under these circumstances, even as the crude price fall led improvement in macroeconomic narrative had led us to favour an elongated portfolio duration, we remain cautious as we head into the new year. While, weakening global growth and attendant disinflationary impulses globally seem to be the likely theme for 2019, in the immediate term we will continue to favour a dynamic approach in managing duration as we continue to track domestic fiscal variables. 3

4 quant Active Fund (A Multi cap Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio of Large Cap, Mid Cap and Small Cap companies. There is no assurance that the investment objective of the Scheme will be realized. April 04, 2001 STOCK/ INSTRUMENT % TO NAV ITC 8.26% STATE BANK OF INDIA 7.99% AXIS BANK 7.59% HINDUSTAN UNILEVER 5.91% ORIENTAL BANK OF COMMERCE 5.40% ICICI BANK 4.95% APOLLO TYRES 4.41% LARSEN AND TOUBRO 4.39% PUNJAB NATIONAL BANK 3.78% BANKS CONSUMER NON DURABLES CONSTRUCTION PROJECT PHARMACEUTICALS HEALTHCARE SERVICES CONSUMER DURABLES AUTO ANCILLARIES 6.43% 5.94% 5.91% 5.91% 5.86% 22.55% 38.18% Sanjeev Sharma (Equity) Shamil Mehra (Equity) Gaurav Balre (Debt) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 2.50% Direct 1.90% VOLATILITY MEASURES (3 Years) Standard Deviation * 14.69% R- Squared 0.82 Beta* 0.87 Sharpe Ratio* 0.28 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 211% 6.70 Crore FORTIS HEALTHCARE 3.61% Total of Top 10 Holding 56.29% Total Equity & Equity Related 99.71% Total Bond 0.00% Cash Equivalents & Net Current Assets 0.29% Scheme Return (%) Benchmark Return (%) Value of `10,000 invested Scheme Benchmark 6 Month 2.04% 0.71% 10,204 10,071 Last 1 Year -1.28% -2.14% 9,872 9,786 Last 3 Years 10.36% 12.30% 13,441 14,162 Last 5 Years 20.42% 14.61% 25,326 19,771 Since Inception 17.65% 17.15% 178, ,797 Generate long term capital appreciation and current income. Invest in equity and equity related instruments. FINANCE SOFTWARE CONSTRUCTION CEMENT HOTELS, RESORTS AND OTHER RECREATIONAL ACTIVITIES 4.32% 1.71% 1.46% 0.92% 0.52% 0.00% 15.00% 30.00% NIFTY 500 INDEX 4

5 quant Large & Mid-Cap Fund (A Large & Midcap Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio of Large Cap and Mid Cap companies. There is no assurance that the investment objective of the Scheme will be realized. STOCK/ INSTRUMENT % TO NAV AXIS BANK 7.88% STATE BANK OF INDIA 7.64% ITC 6.25% APOLLO TYRES 5.50% HINDUSTAN UNILEVER 4.94% UNITED SPIRITS 4.59% BANKS CONSUMER NON DURABLES AUTO ANCILLARIES CEMENT CONSTRUCTION PROJECT PHARMACEUTICALS 6.36% 6.24% 5.49% 5.10% 21.98% 35.07% December 12, 2006 LARSEN AND TOUBRO 4.58% HEALTHCARE SERVICES 4.29% PUNJAB NATIONAL BANK 4.57% CONSUMER DURABLES 4.00% Sanjeev Sharma (Equity) Shamil Mehra (Equity) Gaurav Balre (Debt) Bonus Option Bonus Option-Direct Plan Dividend Option Dividend Option-Direct Plan Growth Option Growth Option-Direct Plan Regular 2.50% Direct 1.90% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 13.47% R- Squared 0.82 Beta* 0.76 Sharpe Ratio* 0.39 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 157% APOLLO HOSPITALS ENTERPRISE 4.29% BANK OF BARODA 4.23% Total of Top 10 Holding 54.49% Total Equity & Equity Related % Total Bond 0% Total Government Securities 0% Cash & Cash Equivalents -0.42% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 0.36% 0.52% 10,036 10,052 Last 1 Year -8.45% -5.16% 9,155 9,484 Last 3 Years 11.43% 13.14% 13,835 14,484 Last 5 Years 22.02% 17.48% 27,048 22,378 Since Inception 11.32% 12.27% 36,406 40,350 Generate income & long term capital appreciation. Invest in equity and equity related instruments, which offer high dividend yield FINANCE TEXTILE PRODUCTS TELECOM - EQUIPMENT & RETAILING INDUSTRIAL CAPITAL GOODS CONSTRUCTION INDUSTRIAL PRODUCTS HOTELS, RESORTS AND OTHER 3.06% 2.15% 2.15% 1.33% 1.18% 0.94% 0.54% 0.53% 0.00% 15.00% 30.00% 4.64 Crore NIFTY LARGE MIDCAP 250 INDEX 5

6 quant Mid Cap Fund (A Mid Cap Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio of Mid Cap companies. There is no assurance that the investment objective of the Scheme will be realized. March 09, 2001 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Gaurav Balre (Debt) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 2.50% Direct 2.00% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 9.76% R- Squared 0.81 Beta* 0.47 Sharpe Ratio* 0.17 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 237% NIFTY MID CAP 150 INDEX Crore STOCK/ INSTRUMENT % TO NAV APOLLO TYRES 7.85% PUNJAB NATIONAL BANK 7.76% SRF 5.39% MAHINDRA & MAHINDRA FINANCIAL SERVICES 5.16% STATE BANK OF INDIA 5.15% APOLLO HOSPITALS ENTERPRISE 5.14% ODISHA CEMENT 4.87% AARTI INDUSTRIES 4.72% HINDUSTAN UNILEVER 4.07% AXIS BANK 4.04% Total of Top 10 Holding 54.16% Total Equity & Equity Related 98.58% Total Bond 0% Cash & Cash Equivalents 1.42% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 1.11% -0.69% 10,111 9,931 Last 1 Year -1.66% % 9,834 8,738 Last 3 Years 7.83% 13.18% 12,537 14,497 Last 5 Years 11.33% 20.94% 17,099 25,870 Since Inception 10.23% N/A 56,656 N/A Generate long term capital appreciation and current income. Invest in equity and equity related instruments, fixed income securities, money market instruments, cash and cash equivalents. BANKS CONSUMER NON DURABLES AUTO ANCILLARIES RETAILING PHARMACEUTICALS TEXTILE PRODUCTS CONSUMER DURABLES FINANCE HEALTHCARE SERVICES CEMENT CHEMICALS TELECOM - EQUIPMENT & ACCESSORIES GAS CONSTRUCTION INDUSTRIAL PRODUCTS HOTELS, RESORTS AND OTHER RECREATIONAL ENGINEERING 3.17% 2.96% 2.07% 0.97% 0.97% 0.77% 5.59% 5.42% 5.39% 5.38% 5.16% 5.14% 4.87% 4.72% 9.15% 8.84% 0.00% 10.00% 20.00% 30.00% 28.02% 6

7 quant Small Cap Fund (A Small Cap Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING RATING PROFILE/ ASSET ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio of Small Cap companies. There is no assurance that the investment objective of the Scheme will be realized. November 21, 1996 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Gaurav Balre (Debt) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 2.25 % Direct 1.75 % 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 3.38% R- Squared 0.10 Beta* 0.05 Sharpe Ratio* *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 39% NIFTY SMALL CAP 250 INDEX 1.31 Crore STOCK/ INSTRUMENT % TO NAV STYLAM INDUSTRIES 9.41% STATE BANK OF INDIA 8.99% PARAG MILK FOODS 7.53% HINDUSTAN UNILEVER 6.08% CEAT 5.71% NIIT 4.96% PUNJAB NATIONAL BANK 4.75% J K PAPER 4.52% JMC PROJECTS INDIA 3.97% COCHIN SHIPYARD 3.41% Total of Top 10 Holding 59.33% Total Equity & Equity Related 98.00% Total Bond 0% Cash & Cash Equivalents 2.00% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 3.46% -7.80% 10,346 9,220 Last 1 Year 2.67% % 10,267 7,385 Last 3 Years 6.00% 5.87% 11,909 11,866 Last 5 Years 7.51% 17.78% 14,361 22,664 Since Inception 8.10% 21.46% 55, ,004 Generate current income. Invest in fixed income securities and money market instruments. CONSUMER NON DURABLES CONSUMER DURABLES SOFTWARE CONSTRUCTION AUTO ANCILLARIES PHARMACEUTICALS PAPER CEMENT INDUSTRIAL CAPITAL GOODS HOTELS, RESORTS AND OTHER RECREATIONAL CHEMICALS PLASTIC PRODUCTS RETAILING TEXTILE PRODUCTS FERROUS METALS 2.70% 2.51% 2.47% 2.33% 1.47% 0.97% 4.68% 4.52% 3.49% 3.41% 7.57% 5.71% 9.41% 8.65% 16.48% 0.00% 5.00% 10.00% 15.00% 20.00% 7

8 quant Focused Fund (A Focused Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a focused portfolio of Large Cap blue chip companies. There is no assurance that the investment objective of the Scheme will be realized. August 25, 2008 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Gaurav Balre (Debt) Dividend Option Dividend Option-Direct Plan Growth Option Growth Option-Direct Plan Regular 2.50% Direct 1.90% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 13.48% R- Squared 0.66 Beta* 0.75 Sharpe Ratio* 0.26 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 161% NIFTY 100 INDEX 4.16 Crore STOCK/ INSTRUMENT % TO NAV LARSEN AND TOUBRO 9.77% ITC 9.65% AXIS BANK 9.10% STATE BANK OF INDIA 7.83% HINDUSTAN UNILEVER 6.95% ORIENTAL BANK OF COMMERCE 6.68% APOLLO TYRES 6.63% AUROBINDO PHARMA 6.16% ICICI BANK 6.05% UNITED SPIRITS 5.81% Total of Top 10 Holding 74.64% Total Equity & Equity Related 99.98% Total Bond 0% Cash & Cash Equivalents 0.02% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month -0.75% 1.69% 9,925 10,169 Last 1 Year -7.73% 2.57% 9,227 10,257 Last 3 Years 9.67% 12.69% 13,192 14,311 Last 5 Years 20.61% 13.77% 25,517 19,061 Since Inception 11.60% 11.46% 31,143 30,731 Provide capital appreciation and income distribution. Invest in equity and equity related instruments in companies from the leading sectors i.e. growing at a higher rate than the nominal GDP of the economy BANKS CONSUMER NON DURABLES CONSTRUCTION PROJECT AUTO ANCILLARIES PHARMACEUTICALS CEMENT CONSUMER DURABLES HEALTHCARE SERVICES 2.58% 2.01% 0.47% 9.77% 7.10% 6.16% 26.76% 0.00% 15.00% 30.00% 45.00% 45.13% 8

9 quant Consumption Fund (A Sectorial/Thematic Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Consumption driven companies. There is no assurance that the investment objective of the Scheme will be realized. October 15, 2008 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan STOCK/ INSTRUMENT % TO NAV ICICI BANK 9.65% STATE BANK OF INDIA 9.31% UNITED SPIRITS 8.71% APOLLO HOSPITALS ENTERPRISE 8.27% DABUR INDIA 7.76% HDFC BANK 7.75% ITC 7.29% AXIS BANK 6.30% GODREJ AGROVET 6.12% STYLAM INDUSTRIES 5.62% Total of Top 10 Holding 76.78% Total Equity & Equity Related 99.64% Cash & Cash Equivalents 0.36% BANKS CONSUMER NON DURABLES HEALTHCARE SERVICES CONSUMER DURABLES AUTO ANCILLARIES RETAILING HOTELS, RESORTS AND OTHER RECREATIONAL ACTIVITIES 3.85% 3.39% 3.09% 8.27% 5.62% 36.83% 35.71% Regular 2.50% Direct 1.90% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 16.30% R- Squared 0.57 Beta* 0.78 Sharpe Ratio* 0.38 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 163% 0.82 Crore Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 0.89% -0.14% 10,089 9,986 Last 1 Year % -1.07% 8,994 9,893 Last 3 Years 12.01% 12.72% 14,054 14,322 Last 5 Years 19.25% 15.47% 24,116 20,529 Since Inception 9.63% 17.32% 25,558 51,065 Provide capital distribution and medium to long term capital gains. Invest in equity and equity related instruments, in the Power / Energy sector FINANCE 2.88% 0.00% 15.00% 30.00% NIFTY INDIA CONSUMPTION INDEX 9

10 quant Infrastructure Fund (A Sectorial/Thematic Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio of Infrastructure focused companies. There is no assurance that the investment objective of the Scheme will be realized. September 21, 2007 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 2.50% Direct 1.90% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 17.79% R- Squared 0.69 Beta* 0.80 Sharpe Ratio* 0.06 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 185% NIFTY INFRASTRUCTURE INDEX 1.61 Crore STOCK/ INSTRUMENT % TO NAV LARSEN AND TOUBRO 9.75% AXIS BANK 9.12% STATE BANK OF INDIA 9.11% PUNJAB NATIONAL BANK 6.32% IRB INFRASTRUCTURE DEVELOPERS 6.03% ICICI BANK 5.02% HINDUSTAN UNILEVER 5.00% HDFC BANK 4.56% ORIENTAL BANK OF COMMERCE 4.35% CANARA BANK 3.38% Total of Top 10 Holding 62.64% Total Equity & Equity Related 98.79% Cash & Cash Equivalents 1.21% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 2.41% 3.10% 10,241 10,310 Last 1 Year % % 8,586 8,900 Last 3 Years 7.29% 6.27% 12,351 12,003 Last 5 Years 13.42% 6.61% 18,769 13,774 Since Inception -1.52% -1.73% 8,412 8,217 Provide capital distribution and medium to long term capital gains. Invest in equity and equity related instruments of companies in the infrastructure sector. BANKS CONSTRUCTION PROJECT CONSTRUCTION INDUSTRIAL CAPITAL GOODS CONSUMER NON DURABLES FINANCE CEMENT GAS AUTO ANCILLARIES POWER 5.00% 3.24% 2.75% 2.48% 0.91% 0.83% 15.35% 9.96% 9.78% 48.48% 0.00% 20.00% 40.00% 60.00% 10

11 quant Tax Plan (An ELSS) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The investment objective of the Scheme is to generate Capital Appreciation by investing predominantly in a well diversified portfolio of Equity Shares with growth potential. This income may be complemented by possible dividend and other income. March 31, 2000 Sanjeev Sharma (Equity) Shamil Mehra (Equity) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 2.50% Direct 1.90% Lock-in of 3 years being ELSS VOLATILITY MEASURES (3 Years) Standard Deviation * 15.41% R- Squared 0.79 Beta* 0.95 Sharpe Ratio* 0.51 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) STOCK/ INSTRUMENT % TO NAV STATE BANK OF INDIA 7.99% AXIS BANK 7.63% ITC 7.06% STYLAM INDUSTRIES 6.04% HINDUSTAN UNILEVER 5.16% ICICI BANK 5.07% APOLLO TYRES 4.45% LARSEN AND TOUBRO 4.10% HDFC BANK 3.84% DABUR INDIA 3.48% Total of Top 10 Holding 54.81% Total Equity & Equity Related 99.23% Cash & Cash Equivalents 0.77% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 2.88% 2.00% 10,288 10,200 Last 1 Year -4.24% 4.64% 9,576 10,464 Last 3 Years 14.03% 12.48% 14,828 14,230 Last 5 Years 21.29% 12.90% 26,248 18,342 Since Inception 12.52% 12.97% 91,262 98,441 Generate long term capital appreciation. CONSUMER NON DURABLES CONSUMER DURABLES AUTO ANCILLARIES CONSTRUCTION PROJECT PHARMACEUTICALS FINANCE HEALTHCARE SERVICES CEMENT CONSTRUCTION SOFTWARE INDUSTRIAL PRODUCTS HOTELS, RESORTS AND OTHER RECREATIONAL ACTIVITIES 3.04% 2.04% 0.99% 0.49% 0.49% 6.38% 5.13% 5.11% 4.35% 3.90% 10.99% 20.97% 0.00% 10.00% 20.00% 30.00% PORTFOLIO TURNOVER RATIO (1 Year) 210% NIFTY TRI INDEX 8.15 Crore Invest in equity and equity related instruments. 11

12 quant Liquid Plan (A Liquid Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING RATING PROFILE/ ASSET ALLOCATION The investment objective of the scheme is to generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be realized. October 03, 2005 Gaurav Balre (Debt) Daily Dividend Option Daily Dividend Option- Direct Plan Growth Option Growth Option-Direct Plan Monthly Dividend Option Monthly Dividend Option- Direct Plan Weekly Dividend Option Weekly Dividend Option- Direct Plan Company Rating % TO NAV TIME TECHNOPLAST A % KARVY STOCK BROKING A % CAPITAL FIRST HOME FINANCE A % PNB HOUSING FINANCE A % BAMNIPAL STEEL A % NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT A % VEDANTA A % SHRIRAM TRANSPORT FINANCE COMPANY A % Total Commercial Paper 83.08% NCD 7.44% Cash & Cash Equivalents 9.48% Cash & Cash AA+, 7.44% Equivalents, 9.48% NCD, 7.44% CP, 83.08% A1+, 83.08% Cash & Cash Equivalents, 9.48% Regular 0.90% Direct 0.65% Average Maturity 34 Days Modified Duration 32 Days Yield to Maturity 8.72% CRISIL LIQUID FUND INDEX 68.8 Crore Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 7 Days 0.14% 0.15% 10,014 10, Days 0.30% 0.30% 10,030 10,030 1 Month 0.64% 0.65% 10,064 10,065 3 Month 1.90% 1.94% 10,190 10,194 6 Month 3.77% 3.84% 10,377 10,384 Last 1 Year 7.17% 7.58% 10,717 10,758 Last 3 Years 7.28% 7.24% 12,347 12,334 Last 5 Years 8.04% 7.83% 14,722 14,580 Since Inception 8.25% 7.39% 28,566 25,694 Provide income & liquidity. Invest in money market instruments. 12

13 quant Ultra Short Duration Fund (An Ultra Short Duration Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING RATING PROFILE/ ASSET ALLOCATION The investment objective of the scheme is to generate income through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be realized. December 29, 2005 Gaurav Balre (Debt) Dividend Option Dividend Option-Direct Plan Growth Option Growth Option-Direct Plan Company Rating % To NAV KARVY STOCK BROKING A % TIME TECHNOPLAST A % TOTAL COMMERCIAL PAPER 15.49% BONDS 9.50% BLUE DART EXPRESS AA 0.09% Total Bonds 0.09% Total Government Securities 9.95% Cash & Cash Equivalents 74.48% Cash & Cash Equivalents, 74.48% Sovereign, 9.95% A1+, 15.49% CP, 15.49% Soverign, 9.95% AA, 0.09% Bonds, 0.09% Regular 0.20% Direct 0.10% Average Maturity 112 Days Modified Duration 105 Days Yield to Maturity 7.12% Crore Cash & Cash Equivalents, 74.48% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 3 Month 2.13% 2.24% 10,213 10,224 6 Month 3.93% 4.14% 10,393 10,414 Last 1 Year 7.27% 7.96% 10,727 10,796 Last 3 Years 7.37% 7.57% 12,379 12,448 Last 5 Years 8.54% 8.14% 15,061 14,790 Since Inception 8.39% 8.08% 28,485 27,445 CRISIL ULTRA SHORT TERM DEBT INDEX Generate Regular Income. Invest in floating rate debt securities (including floating rate securitized debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). 13

14 quant Dynamic Bond (A Dynamic Bond Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING RATING PROFILE/ ASSET ALLOCATION INSTRUMENT RATING % TO NAV AA, 0.09% The investment objective of the scheme is to generate income / capital appreciation through a portfolio comprising money market and debt instruments. There is no assurance that the investment objective of the Scheme will be realized. 9.95% STATE BANK OF INDIA NCD 12% INDIA INFOLINE HOUSING FINANCE NCD AAA 0.57% AA 0.09% Total Bond 066% Cash & Cash Equivalents, 53.72% Sovereign, 45.62% 7.17% GOI 2028 Sovereign 44.69% June 01, % GOI 2027 Sovereign 0.93% AAA, 0.57% Gaurav Balre (Debt) Sanjeev Sharma (Equity) Shamil Mehra (Equity) Total Government Securities 45.62% Total Bond 0.66% Net Current Assets 53.72% Bonds, Bonus Bonus Option-Direct Plan Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Sovereign, 45.62% Cash & Cash Equivalents, 53.72% Regular 0.20% Direct 0.10% Average Maturity 4.15 Yrs. Modified Duration 3.89 Yrs. Yield to Maturity 6.86% Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 4.93% 7.04% 10,493 10,704 Last 1 Year 4.02% 8.07% 10,402 10,807 Last 3 Years 5.34% 8.41% 11,689 12,740 Last 5 Years 7.14% 9.54% 14,116 15,772 Since Inception 8.91% 8.09% 57,967 49,580 I-SEC MI-BEX 22.8 Crore Generate current income complemented by possible capital appreciation. Invest in fixed income securities and money market instruments. 14

15 quant Absolute Fund (An Aggressive Hybrid Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING INDUSTRY/ SECTOR ALLOCATION The investment objective of the scheme is to generate income/capital appreciation by investing primarily in equity and equity related instruments with a moderate exposure to debt securities & money market instruments. There is no assurance that the investment objective of the Scheme will be realized. April 04, 2001 Gaurav Balre (Debt) Sanjeev Sharma (Equity) Shamil Mehra (Equity) Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Stock/ Instrument % TO NAV STATE BANK OF INDIA 7.82% ITC 7.59% AXIS BANK 7.32% LARSEN AND TOUBRO 6.64% HINDUSTAN UNILEVER 6.50% ICICI BANK 5.50% HDFC BANK 3.79% CANARA BANK 3.28% ORIENTAL BANK OF COMMERCE 3.00% UNITED SPIRITS 2.89% Total of Top 10 Holding 54.34% Total Equity & Equity Related 78.61% Total Bonds 18.04% Total Government Securities 18.04% Cash & Cash Equivalents 3.35% BANKS CONSUMER NON DURABLES CONSTRUCTION PROJECT CONSUMER DURABLES AUTO ANCILLARIES FINANCE CONSTRUCTION 1.89% 7.55% 3.98% 3.85% 3.79% 20.41% 35.26% Regular 2.50% Direct 1.90% HEALTHCARE SERVICES 1.89% 0.00% 15.00% 30.00% 45.00% 1% if exit <= 1 Year VOLATILITY MEASURES (3 Years) Standard Deviation * 10.00% R- Squared 0.82 Beta* 0.93 Sharpe Ratio* 0.24 *Standard Deviation, Sharpe Ratio & Beta are calculated on annualised basis using 3 years history of monthly returns; risk free rate assumed to be 6.22% for calculating Sharpe Ratio (calculated based on annualised CRISIL CBLO Index returns over 3 years) PORTFOLIO TURNOVER RATIO (1 Year) 164% 2.86 Crore Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 3.61% 3.21% 10,361 10,321 Last 1 Year -1.57% 2.84% 9,843 10,284 Last 3 Years 8.58% 11.23% 12,801 13,761 Last 5 Years 15.71% 12.86% 20,744 18,314 Since Inception 15.65% N/A 131,802 N/A Generate long term capital appreciation and current income. Invest in equity and equity related instruments, fixed income securities, money market instruments, cash and cash equivalents. CRISIL HYBRID AGGRESSIVE INDEX 15

16 quant Unconstrained Fund (A Multi Asset Allocation Fund) SCHEME SNAPSHOT PORTFOLIO TOP HOLDING ASSET ALLOCATION The investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities by investing in instruments across the three asset classes viz. Equity, Debt and Commodity. There is no assurance that the investment objective of the Scheme will be realized. April 04, 2001 Gaurav Balre (Debt) Instrument Rating % TO NAV 7.16% GOI 2023 Sovereign 34.34% Total Government Securities 34.34% Cash & Cash Equivalents 65.66% Cash & Cash Equivalents, 65.66% Sovereign, 34.34% Dividend Dividend Option-Direct Plan Growth Growth Option-Direct Plan Regular 1.50 % Direct 0.75 % Scheme Benchmark Value of `10,000 invested Return (%) Return (%) Scheme Benchmark 6 Month 5.23% 4.18% 10,523 10,418 Last 1 Year 4.53% 6.52% 10,453 10,652 Last 3 Years 6.42% 8.81% 12,052 12,883 Last 5 Years 6.82% 7.08% 13,905 14,079 Since Inception 7.05% N/A 33,471 N/A Average Maturity 1.51 yrs. Modified Duration 1.41 Yrs. Yield to Maturity 6.68% 0.08 Crore 1/3 NIFTY 50 INDEX + 1/3 CRISIL COMPOSITE BOND FUND INDEX +1/3 INR PRICE OF GOLD FUTURE NEAR- MONTH PRICE ON MCX Generate income & capital appreciation in the long term. Invest in government securities. 16

17 DIVIDEND HISTORY quant Active Fund Record Date Dividend ` Per Unit Feb Mar Feb quant Large & Mid Cap Fund Record Date Dividend ` Per Unit Aug Jun Sep Dec Feb Jun Sep Jan Mar Nov Feb quant Small Cap Fund Record Date Dividend ` Per Unit May May Jun Jul Aug Sep Oct Nov Dec Dec Jan Feb May May Jun Jul Aug Sep Nov Dec Jan Jan Mar Mar May May Jul Jul Sep Sep Nov Dec Dec Feb Feb Mar quant Focused Fund Record Date Dividend ` Per Unit Feb Mar Feb quant Tax Plan Record Date Dividend ` Per Unit Sep Feb Sep Mar quant Liquid Plan Record Date Dividend ` Per Unit Apr May Jun Jul Aug Sep Oct Nov Dec Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

18 Nov Nov Jan Feb Mar quant Ultra Short Duration Fund Record Date Dividend ` Per Unit May May Jun Jul Aug Sep Oct Nov Dec Dec Jan Feb May May Jun Jul Aug Sep Nov Dec Jan Jan Mar Mar May May Jul Jul Sep Sep Nov Dec Dec Feb Feb Mar quant Dynamic Bond Record Date Dividend ` Per Unit May May Jun Jul Aug Sep Oct Nov Dec Dec Jan May May Jun Jul Aug Sep Nov Dec Jan Jan Mar Mar May May Jul Jul Sep Sep Nov Dec Dec Feb Feb Mar quant Absolute Fund Record Date Dividend ` Per Unit Feb Mar Feb Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution or that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. Please log on to for record date-wise listing of dividends declared. 18

19 GLOSSARY Sharpe Ratio Sharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off investing in risk-free assets. Beta Beta of a portfolio is a number indicating the relation between portfolio returns with that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in comparison to the market as a whole. Modified Duration A formula that expresses the measurable change in the value ofa security in response to a change in interest rates. Modified duration of portfolio can be used to anticipate the change in market value of portfolio for every change in portfolio yield. R Squared It is a statistical measure of how closely the portfolio returns are correlated with its benchmark. HOW TO READ FACTSHEET Fund Manager An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a tual fund scheme. Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP Systematic Investment Plan (SIP) works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests `500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation A statistical measure that defines expected volatility/risk associated with a portfolio. This explains the variation/deviation from the average returns delivered by the portfolio. A higher standard deviation means higher volatility (risk) and a lower standard deviation means lower volatility Risk Free Return The theoretical rate of return of an investment with safest (zero risk) investment in a country. Total Expense Ratio Total expenses charged to scheme for the month expressed as a percentage to average monthly net assets. Average Maturity Weighted average maturity of the securities in scheme. Portfolio Yield (Yield To Maturity) Weighted average yield of the securities in scheme portfolio. Rating Profile Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the NIFTY, Sensex, BSE200, BSE500, 10- Year Gsec Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is `100 and the entry load is 1%, the investor will enter the fund at `101. (Note SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor). Load load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive redemption proceed at net value of NAV less Load. For instance if the NAV is `100 and the exit load is 1%, the investor will receive `99. 19

20 AMC Location MUMBAI (Corporate Office) quant Money Managers Limited 6th Floor, Sea Breeze Building, Appasaheb Marathe Marg, Prabhadevi, Mumbai Tel.: NEW DELHI quant Money Managers Limited 404 (1A), World Trade Centre, Babar Road, New Delhi Tel.: /510/11/12/13 BANGALORE quant Money Managers Limited Residential Representative Tel.: AHMEDABAD quant Money Managers Limited G-312, 3rd Floor, Titanium City Centre, Near Sachin Tower, 100 FT Road, Shyamal Satellite, Ahmedabad Tel.: / NAGPUR quant Money Managers Limited Residential Representative Tel.:

21 Point of Service (POS Location) KARVY COMPUTERSHARE PRIVATE LIMITED Agartala: Bidurkarta Chowmuhani, J N Bari Road, Tripura (West), Agartala Agra: 1st Floor, Deepak Wasan Plaza, Behind Holiday Inn, Opp Megdoot Furnitures,Sanjay Place, Agra Ahmedabad: 201/202 Shail, Opp: Madhusudan House, Navrangpura, Ahmedabad Ajmer: S. No. 1 & 2, 2Nd Floor, Ajmer Tower, Kutchery Road, Ajmer Akola: Yamuna Tarang Complex, Shop No 30, Ground Floor, N. H. No- 06, Akola, Akola Aligarh: 1St Floor, Kumar Plaza, Aligarh Allahabad: RSA Towers, 2nd Floor, Above Sony Tv Showroom, 57, S P Marg, Civil Lines, Allahabad Alleppy: X1V 172, JP Towers, Mullackal, KSRTC Bus Stand, Alleppy Alwar: 101, Saurabh Tower, Opp. Uit, Near Bhagat Singh Circle, Road No. 2, Alwar Ambala: 6349, Nicholson Road, Adjacent Kos Hospitalambala Cant, Ambala Amravati: Shop No 13 & 27, Gulshan Plaza, Badnera Road, Near Bhartiya Mahavidhyalaya, Rajapeth, Amravati Amritsar: 72-A, Taylor S Road, Opp Aga Heritage Club, Amritsar Anand: B-42 Vaibhav Commercial Center, Nr Tvs Down Town Show Room, Grid Char Rasta, Anand Ananthapur: #15/149,1st Floor, S R Towers, Subash Road, Opp. To Lalitha Kala Parishad, Anantapur Ankleshwar: L/2 Keval Shopping Center, Old National Highway, Ankleshwar Asansol: 114/71 G T Road, Near Sony Centre, Bhanga Pachil, Asansol Aurangabad: Ramkunj Niwas, Railway Station Road, Near Osmanpura Circle, Aurangabad Azamgarh: 1st Floor, Alkal Building, Opp. Nagaripalika Civil Line, Azamgarh Balasore: Gopalgaon, M.S Das Street, Gopalgaon, Balasore, Orissa, Balasore Bangalore: 59, Skanda Puttanna Road, Basavanagudi, Bangalore Bankura: Ambika Market Complex (Ground Floor), Nutanganj, Post & Dist Bankura, Bankura Bareilly: 1st Floor, 165, Civil Lines opp. Hotel Bareilly Palace, Near Railway Station, Bareilly Barhampore (Wb): Thakur Market Complex, Gorabazar, Post Berhampore, Dist-Murshidabad, 72 No Nayasarak Road, Barhampore (Wb) Baroda: Sb-5, Mangaldeep Complex, Opp. Masonic Hall, Productivity Road, Alkapuri, Baroda Begusarai: Near Hotel Diamond Surbhi Complex, O.C Township Gate, Kapasiya Chowk, Begusarai Belgaum: CTS No 3939/ A2 A1, Above Raymonds Show Room Beside Harsha Appliances, Club Road, Belgaum Bellary: No. 1, Khb Colony, Gandhi Nagar, Bellary Berhampur (Or): 3rd Lane Dharam Nagar, Opp Divya Nandan Kalyan Mandap, Near Lohiya Motor, Orissa, Berhampur (Or) Betul: 107,1st Floor, Hotel Utkarsh, J. H. College Road, Betul Bhagalpur: 2Nd Floor, Chandralok Complex, Ghantaghar, Radha Rani Sinha Road, Bhagalpur Bharuch: Shop No , Aditya Complex, Near Kasak Circle, Bharuch Bhatinda: #2047-A 2Nd Floor, The Mall Road, Above Max New York Life Insurance, New Delhi Bhavnagar: G-11 Giranjali Complex, Beside Bhavnagar Municipal Corporation & Collector Office, Kalanala, Bhavnagar Bhilai: Shop No -1, First Floor, Plot No -1, Commercial Complex, Nehru Nagar - East, Bhilai Bhilwara: Shop No , 1st Floor, Heera Panna Market, Pur Road, Bhilwara Bhopal: Kay Kay Business Centre, 133, Zone I, Mp Nagar, Above City Bank, Bhopal Bhubaneswar: A/181, Back Side Of Shivam Honda Show Room, Saheed Nagar, Bhubaneswar Bikaner: 70-71, 2Nd Floor Dr.Chahar Building, Panchsati Circle, Sadul Ganj, Bikaner Bilaspur: Shop No-201 & 202, 1st Floor, V R Plaza, Link Road, Bilaspur, C. G. Bilaspur Bokaro: B-1, 1st Floor, City Centre, Sector - 4, Near Sona Chandi Jwellars, Bokaro Burdwan: 63 Gt Road, Halder Complex 1st Floor, Burdwan Calicut: Iind Floor Soubhagya Shopping Complex, Arayidathpalam, Mavoor Road, Calicut Chandigarh: Sco S, Above Hdfc Bank, Sector 35-B, Chandigarh Chandrapur: Shop No-6, Office No-2 1st Floor, Rauts Raghuvanshi Complex, Beside Azad Garden Main Road, Chandrapur Chennai: F-11, Akshaya Plaza, 1st Floor, 108, Adhithanar Salai, Egmore, Opp To Chief Metropolitan Court, Chennai Chinsura: J C Ghosh Saranu, Bhanga Gara, Chinsurah, Hooghly, Chinsurah Cochin: Ali Arcade, 1st Floor, Kizhavana Road, Panampilly Nagar, Near Atlantis Junction, Ernakualm Coimbatore: 1057/1058 Jaya Enclave, 2nd Floor, Avinashi Road, Coimbatore Cuttack: Po - Buxi Bazar, Cuttack, Opp Dargha Bazar, Dargha Bazar, Cuttack Darbhanga: Jaya Complex, 2Nd Floor, Above Furniture Planet, Donar, Chowk, Darbhanga Davangere: 376/2, 4th Main, 8th Cross, P J Extn, Davangere Dehradun: Kaulagarh Road, Near Sirmaur Margabove, Reliance Webworld, Dehradun Deoria: 1st Floor, 1st Floor, Opp. Zila Panchayat, Civil Lines, Deoria Dewas: 27 Rmo House, Station Road, Above Maa Chamunda Gaes Agency, Dewas Dhanbad: 208 New Market 2Nd Floor, Bank More, Dhanbad Dharwad: G, 7&8 Banashankari Avenue, Opp Nttf,, P B Road, Dharwad Dhule: Ashoka Estate, Shop No. 14/A, Upper Ground Floor, Sakri Road, Opp. Santoshi Mata Mandir, Dhule Dindigul: No : 9 Old No: 4/B, New Agraharam, Palani Road, Dindigul Durgapur: 1st Floor, Old Dutta Automobile Bldg, Nachan Road, Benachity, Durgapur Eluru: D.No: 23B-5-93/1, Savithri Complex, Edaravari Street, Near Dr.Prabhavathi Hospital,R. R. Pet, Eluru Erode: No: 4, Veerappan Traders Complex, KMY Salai, Sathy Road, Opp. Erode Bus Stand, Erode Faridabad: A-2B, Ist Floor, Nehru Groundnit, Faridabad Ferozpur: The Mall Road, Chawla Bulding, Ist Floor, Opp. Centrail Jail, Near Hanuman Mandir, Ferozepur Gandhidham: 203 2Nd Floor, Bhagwati Chamber, Kutchkala Road, Gandhidham Gandhinagar: Plot No - 945/2, Sector - 7/C, Opp Pathika, Gandhinagar Gaya: 1st Floor Lal Bhawan, Tower Chowk, Near Kiran Cinema, Gaya Ghaziabad: 1st Floorc-7, Lohia Nagar, Ghaziabad Ghazipur: 2Nd Floor, Shubhra Hotel Complex, Mahaubagh, Ghazipur Gonda: Shri Market, Sahabgunj, Station Road, Gonda Gorakhpur: Above V. I. P. Houseajdacent, A.D. Girls College, Bank Road, Gorakpur Gulbarga: Cts No st Floor, Asian Towers, Jagath Station Main Road, Next To Adithya Hotel, Gulbarga Guntur: D No , Srinilayam, Arundelpet, 10/1, Guntur Gurgaon: Shop No.18, Ground Floor, Sector - 14, Opp. Akd Tower, Near Huda Office, Gurgaon Guwahati: 54 Sagarika Bhawan 2Nd Floor, R G Barooah Road, Aidc, Near Baskin Robbins, Guwahati Gwalior: 37/38, Lashkar, Mlb Roadshinde Ki Chhawani, Near Nadi Gate Pul, Gwalior Haldwani: Above Kapilaz, Sweet House, Opp Lic Building, Pilikothi, Haldwani Haridwar: 8, Govind Puri, Opp. LIC - 2, Above Vijay Bank, Main Road, Ranipur More, Haridwar Hassan: St Anthony S Complex, Ground Floor, H.N. Pura Road, Hassan Hissar: Sco-71, 1st Floor, Red Square Market, Hissar Hoshiarpur: 1st Floor, The Mall Tower, Opp Kapila Hospital, Sutheri Road, Hoshiarpur Hubli: 22Nd & 23Rd, 3Rd Floor, Eureka Junction, Travellers Bunglow, Hubli Hyderabad: , Avenue 4, Karvy Plaza, Street No 1, Banjara Hills, Hyderabad Indore: 213 B City Center, M.G. Road, Opp. High Court, Indore Jabalpur: Grover Chamber, 43 Naya Bazar Malviya Chowk, Opp Shyam Market, Jabalpur Jaipur: S16/A Iiird Floor, Land Mark Building Opp Jai Club, Mahaver Marg C Scheme, Jaipur Jalandhar: Arora Prime Tower, Lowe Ground Floor, Office No 3 Plot No 28, Jalandhar Jalgaon: 113, Navi Peth, B/H Mahalaxmi Dairy, Jalgaon Jalpaiguri: D B C Road Opp Nirala Hotel, Opp Nirala Hotel, Jalpaiguri Jammu: 5 A/D Extension 2, Near Panama Chowk Petrol Pump, Panama Chowk, Jammu Jamnagar: 108 Madhav Palaza, Opp Sbi Bank, Nr Lal Bunglow, Jamnagar Jamshedpur: Kanchan Tower, 3Rd Floor, Main Road, Bistupur, Near Traffic Signal, Jamshedpur Jaunpur: R N Complex, G, In Front Of Pathak Honda, Ummarpur, Jaunpur Jhansi: 371/01, Narayan Plaza,Gwalior Road, Near Jeevan Shah Chauraha, Jhansi Jodhpur: 203, Modi Arcade, Chopasni Road, Jodhpur Junagadh: Punit Shopping Center, M.G Road, Ranavav Chowk, Junagadh Kannur: 2 Nd Floor, Prabhath Complex, Fort Road, Nr. Icici Bank, Kannur Kanpur: 15/46, B, Ground Floor, Opp: Muir Mills, Civil Lines, Kanpur Karaikudi: Gopi Arcade, 100 Feet Road, Karaikudi Karimnagar: H.No /131, Above Union Bank, Jafri Road, Rajeev Chowk, Karimnagar Karnal: 18/369, Char Chaman, Kunjpura Road, Behind Miglani Hospital, Karnal Karur: No.6, old No.1304, Thiru-vi-ka Road, Near G.R. Kalyan Mahal, Karur Kharagpur: 180 Malancha Road, Beside Axis Bank Ltd, Kharagpur Kolhapur: 605/1/4 E Ward, Shahupuri 2 Nd Lane, Laxmi Niwas, Near Sultane Chambers, Kolhapur Kolkata: 166 A Rashbihari Avenue 2Nd Floor, Opp - Fortish Hospital, Kolkata Kollam: Sree Vigneswara Bhavan, Shastri Junction, Kollam Korba: 1st Floor, 35, Indira Complex, P. Nagar, Korba Kota: 29, Ist Floor, Near Lala Lajpat Rai Circle, Shopping Centre, Kota Kottayam: 1st Floor Csiascension Square, Railway Station Road, Collectorate P O, Kottayam Kurnool: Shop No.43, 1st Floor, S V Complex, Railway Station Road, Near Sbi Main Branch, Kurnool Lucknow: 24, Prem Nagar, Ashok Marg, Lucknow Ludhiana: Sco - 136, 1st Floor Above Airtel Showroom, Feroze Gandhi Market, Ludhiana Madurai: Rakesh towers, 30-C, Ist floor, Bye pass Road, Opp Nagappa motors, Madurai Malappuram: First Floor, Cholakkal Building, Near U P School, Up Hil, Malappuram Malda: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality, Malda Mandi: 149/11, School Bazaar, Mandi Mangalore: Mahendra Arcade Opp Court Road, Karangal Padi, Mangalore Margoa: 2Nd Floor, Dalal Commercial Complex, Pajifond, Margao Mathura: Ambey Crown, Iind Floor, In Front Of Bsa College, Gaushala Road, Mathura Meerut: 1st Floor, Medi Centreopp Icici Bank, Hapur Road Near Bachha Park, Meerut Mehsana: Ul/47 Apollo Enclave, Opp Simandhar Temple, Modhera Cross Road, Mehsana Mirzapur: Girja Sadan, Dawari Gunj, Mirzapur Moga: 1st Floor,Dutt Road, Mandir Wali Gali, Civil Lines, Barat Ghar, Moga Moradabad: Om Arcade, Parker Road, Above Syndicate Bank,Chowk Tari Khana, Moradabad Morena: Moti Palace, Near Ramjanki Mandir, Near Ramjanki Mandir, Morena Mumbai: 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bse Bldg, Fort Muzaffarpur: I St Floor, Uma Market, Thana Gumtimoti Jheel, Muzaffarpur Mysore: L-350,Silver Tower, Ashoka Road, Opp.Clock Tower, Mysore Nadiad: 104/105, Near Paras Cinema, City Point Nadiad, Nadiad Nagerkoil: 3A, South Car Street, Nagercoil Nagpur: Plot No 2/1 House No 102/1, Mata Mandir Road, Mangaldeep Appartment Opp Khandelwal Jewelers, Dharampeth, Nagpur Namakkal: 105/2, Arun Towers, Paramathi Street, Namakkal Nanded: Shop No.4, Santakripa Market, G G Road, Opp. Bank Of India, Nanded Nasik: S-12,Suyojit Sankul, Sharanpur Road, Near Rajiv Gandhi Bhavan, Nasik Navsari: 1/1 Chinmay Aracade, Opp Sattapir Rd, Tower Rd, Mavsari Nellore: , Room No : 27, 2Nd Floor, Keizen Heights, Gandhi Nagar, Pogathota, Nellore New Delhi: 305 New Delhi House, 27 Barakhamba Road, New Delhi Nizamabad: H No: , A Bove Bank Of Baroda First Floor, Beside Hdfc Bank, Hyderabad Road, Nizamabad Noida: 307 Jaipuria Plazad 68 A, 2Nd Floor, Opp Delhi Public School, Sector 26, Noida Palghat: No: 20 & 21, Metro Complex H.P.O.Road Palakkad, H.P.O.Road, Palakkad Panipat: 1st Floor,, Krishna Tower, Above Amertex, G.T. Road, Panipat Panjim: City Business Centre, Coelho Pereira Building, Room No 18,19 & 20, Dada Vaidya Road, Panjim Pathankot: 1st Floor, 9 A, Improvement Trust Building, Patel Chowk, Pathankot Patiala: Sco 27 D, Chotti Baradari, Near Car Bazaar, Patiala Patna: 3A, 3Rd Floor Anand Tower, Exhibition Road, Opp Icici Bank, Patna Pollachi: S S Complex, New Scheme Road, Pollachi Pondicherry: No:7, Thiayagaraja Street, Pondicherry Proddatur: Shop No:4, Araveti Complex, Mydukur Road, Beside Syndicate Bank, Proddatur Pudukottai: Sundaram Masilamani Towers, Ts No , Pm Road, Old Tirumayam Salai, Near Anna Statue, Jublie Arts, Pudukottai Pune: Office # 16, Ground Floor, Shrinath Plaza, Near Dyaneshwar Paduka Chowk, F C Road, Pune Raipur: 2 & 3 Lower Level, Millenium Plaza, Room No. Ll 2& 3, Behind Indian Coffee House, Raipur Rajahmundry: D.No.6-1-4, Rangachary Street, T. Nagar, Near Axis Bank Street, Rajahmundry Rajapalayam: Sri Ganapathy Complex, 14B/5/18, T P Mills Road, Rajapalayam Rajkot: 104, Siddhi Vinyak Com. Opp Ramkrishna Ashram, Dr Yagnik Road, Rajkot Ranchi: Room No 307 3Rd Floor, Commerce Tower, Beside Mahabir Tower, Ranchi Ratlam: 1 Nagpal Bhawan, Free Ganj Road, Do Batti, Near Nokia Care, 21

22 Ratlam Renukoot: Shop No.18, Near Complex Birla Market, Renukoot Rewa: Ist Floor, Angoori Building, Besides Allahabad Bank, Trans University Road, Civil Lines, Rewa Rohtak: 1st Floor, Ashoka Plaza, Delhi Road, Rohtak Roorkee: Shree Ashadeep Complex, 16, Civil Lines, Near Income Tax Office, Roorkee Rourkela: 1st Floor Sandhu Complex, Kachery Road, Uditnagar, Rourekla Sagar: Above Poshak Garments, 5 Civil Lines, Infront Of Income Tax Office, Sagar Saharanpur: 18 Mission Market, Court Road, Saharanpur Salem: No:40, 2nd Floor, Brindavan Road, Fairlands, Near Perumal Koil, Salem Sambalpur: Ground Floor Quality Massion, Sambalpur Satna: 1st Floor, Gopal Complex, Near Bus Stand, Rewa Road, Satna Shaktinagar: 1St/A-375, V V Colony, Dist Sonebhadra, Shaktinagar Shillong: Annex Mani Bhawan, Lower Thana Road, Near R K M Lp School, Shillong Shimla: Triveni Building, By Pas Chowkkhallini, Shimla Shimoga: Udaya Ravi Complex, LLR Road, Durgi Gudi, Shimoga Shivpuri: 1st Floor, M.P.R.P. Building, Near Bank Of India, Shivpuri Sikar: First Floor, Super Tower, Behind Ram Mandir Near Taparya Bagichi, Sikar Silchar: N.N. Dutta Road, Chowchakra Complex, Premtala, Silchar Siliguri: Nanak Complex, Sevoke Road, Siliguri Sitapur: 12/12-A Sura Complex, Arya Nagar Opp, Mal Godam, Sitapur Sivakasi: 363, Thiruthangal Road, Opp: TNEB, Sivakasi Solan: Sahni Bhawan, Adjacent Anand Cinema Complex, The Mall, Solan Solapur: Block No 06, Vaman Nagar, Opp D-Mart, Jule Solapur Sonepat: 205 R Model Town, Above Central Bank Of India, Sonepat Sri Ganganagar: 35E Block, Opp: Sheetla Mata Vaateka Sri Ganganagar, Sri Ganganagar Srikakulam: D.No /1, Venkateswara Colony, Near Income Tax Office, Srikakulam Sultanpur: Rama Shankar Complex, Civil Lines, Faizabad Road, Sultanpur Surat: G-5 Empire State Buliding, Nr Udhna Darwaja, Ring Road, Surat Thanjavur: No. 70, Nalliah Complex, Srinivasam Pillai Road, Tanjore Thodupuzha: First Floor, Pulimoottil Pioneer, Pala Road, Thodupuzha Tirunelveli: 55/18, Jeney Building, S N Road, Near Aravind Eye Hospital, Tirunelveli Tirupathi: Flot No: 16, 1st Floor, R C Road, Near Palani Theater, Tirupathi Tirupur: First floor, 224 A, Kamaraj Road, Opp to Cotton market complex, Tirupur Tiruvalla: 2Nd Floor, Erinjery Complex, Ramanchira, Opp Axis Bank, Thiruvalla Trichur: 2Nd Floor, Brothers Complex, Naikkanal Junction, Shornur Road, Near Dhanalakshmi Bank H O, Thrissur Trichy: 60, Sri Krishna Arcade, Thennur High Road, Trichy Trivandrum: 2Nd Floor, Akshaya Tower, Sasthamangalam, Trivandrum Tuticorin: 4 - B, A34 - A37, Mangalmal Mani Nagar, Opp. Rajaji Park, Palayamkottai Road, Tuticorin Udaipur: , Madhav Chambers, Opp G P O, Chetak Circle, Udaipur Ujjain: 101 Aashta Tower, 13/1 Dhanwantri Marg, Freeganj, Ujjain Valsad: Shop No 2, Phiroza Corner, Opp Next Show Room, Tithal Road, Valsad Vapi: Shop No-12, Ground Floor, Sheetal Appatment, Near K P Tower, Vapi Varanasi: D-64/132, 1st Floor, Anant Complex, Sigra, Varanashi Vellore: 1, M N R Arcade, Officers Line, Krishna Nagar, Vellore Vijayanagaram: Soubhagya, /3, 2Nd Floor, Near Fort Branch, Opp: Three Temples, Vizianagaram Vijayawada: , Opp : Municipal Water Tank, Labbipet, Vijayawada Visakhapatnam: Door No /1, Eswar Paradise, Dwarakanagar Main Road, Visakhapatnam Warangal: , 1 st Floor, Opp: B.Ed Collage, Lashkar Bazar, Chandra Complex, Hanmakonda, Warangal Yamuna Nagar: Jagdhari Road, Above Uco Bank, Near D.A.V. Girls College, Yamuna Nagar

23 quant mutual As on 31 st December corporate 2018 office: 6 th floor, sea breeze building, appasaheb marathe marg, prabhadevi, mumbai tel: cell/whatsapp: help.mf@quant.in communication@quant.in 23