CONTENTS Industry & Fund Update New Fund Offers Performance of Equity Funds Performance of Balanced Funds Performance of Debt Funds

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1 CONTENTS Industry & Fund Update 1 New Fund Offers 2 Performance of Equity Funds 3 Performance of Balanced Funds 4 Performance of Debt Funds 5 Performance of Fund Of Funds 6 7th May, 2018

2 INDUSTRY & FUND UPDATE Mutual fund folios jump to record 7 crore Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of 1.6 crore investor accounts in , taking the total tally to over seven crore. This follows an addition of over 67 lakh folios in and 59 lakh in According to the data from the Association of Mutual Funds in India (Amfi) on total investor accounts with 42 fund houses, the number of folios rose to a record 7,13,47,301 at the end of March this year, from 5,53,99,631 at the end of March Mutual Fund asset base from small towns up 38% to Rs 4.27 lakh cr in FY18 Investor awareness campaigns and strong participation from retail investors have taken the asset base of smaller towns up 38 percent from a year ago to Rs 4.27 lakh crore in FY18, according to data on Association of Mutual Funds in India. Currently, B15 towns account for nearly 19 percent of the total assets of the industry. Birla Sun Life Mutual Fund s CEO and AMFI Chairman Balasubramanian attributed the rise in assets of small towns to investor awareness campaign Mutual Funds Sahi Hai launched by AMFI. The first leg of the campaign was launched in March Equity MF inflow down 59% to Rs 6,657-cr in March on LTCG Equity mutual funds witnessed a net inflow of Rs 6,657 crore in March, a plunge of 59 per cent from the preceding month, due to volatile stock markets along with profit-booking by investors to avoid payment of LTCG tax. According to a report by rating agency Icra, equity funds, including equity-linked saving schemes saw monthly net inflow of Rs 6,657 crore in March, down from Rs 16,268 crore infusion seen in February. In the eleven-month period ended February, 2018, cumulative Systematic Investment Plan (SIP) contribution was Rs 60,071 crore. Overall, mutual fund schemes saw a net inflow of Rs 2.72 lakh crore in , much lower than Rs 3.4 lakh crore seen in the previous financial year. HDFC MF to suspend subscriptions in HDFC Long Term Advantage Fund HDFC Mutual Fund will discontinue subscriptions and systematic investments in HDFC Long Term Advantage Fund with effect from May 16, the fund house said in an addendum. The suspension follows Securities and Exchange Board of India's guidelines, released on October, 6 directing fund houses to re-categorise all existing and future schemes into five broad categories and 36 sub-categories for ease in investing. Consequently, HDFC Long Term Advantage Fund will be categorised as an open-ended equity linked savings scheme with a lock-in period of three years and tax benefit. The fund house will continue to manage the scheme for three more years, it said in the addendum. After that, the scheme will be merged with one of the existing open-ended equity schemes of the fund house. Union Mutual Fund launches Union Corporate Bond Fund Union Asset Management Company is launching Union Corporate Bond Fund, an open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. The New Fund Offer will be open from May 4 to May 18. The scheme re-opens on June 1 for continuous subscription and redemption. According to the scheme information document, the new scheme will be a low risk scheme, where income will be generated through interest accrual and capital appreciation by investing in fixed income securities of varying maturities. "Over a medium to long term period, the scheme is more tax efficient as compared to most traditional investments offering fixed rate of interest. Further, the scheme may be lower on volatility and risk parameters as compared to other asset classes," the AMC said in a press release. HDFC Balanced Fund merges with Premier Multi-Cap Fund to form Hybrid Equity Fund HDFC Mutual Fund has announced the merger of two of its schemes, HDFC Premier Multi-Cap Fund and HDFC Balanced Fund, to form a new scheme called HDFC Hybrid Equity Fund. The new scheme will be a hybrid scheme, investing predominantly in equity and equity-related instruments. The changes to the schemes will be effective from June 1. The new scheme, HDFC Hybrid Equity Fund, will be categorised under the aggressive hybrid basket of schemes. The fund house, in a communication sent to investors, said that on the effective date of merger of the schemes, the existing schemes shall cease to exist and the unit holders will be allotted units under the corresponding option of the new scheme at the last available applicable Net Asset Value. HDFC Prudence Fund, Growth Fund merge into HDFC Balanced Advantage Fund HDFC Mutual Fund is merging HDFC Prudence Fund and HDFC Growth Fund into HDFC Balanced Advantage Fund. HDFC Prudence Fund is a large balanced scheme that manages assets worth Rs 36,594 crore as on March 31. HDFC Growth Fund is a largecap scheme that manages assets worth Rs 1,129 crore. HDFC Balanced Advantage will be classified as an open-ended balanced advantage fund. Balance Advantage Fund may invest up to 100 per cent in equity and equity-related instruments, up to 100 per cent in debt securities and money market instruments, up to 10 per cent in units issued by REITs and InvITs and up to 10 per cent in non-convertible preference shares. The scheme may also invest up to 35 per cent of its total assets in investment avenues in overseas financial markets via ADRs/ GDRs and foreign securities for the purpose of diversification. The scheme is also allowed to invest up to 100 per cent of its total assets in derivatives and will be benchmarked against NIFTY 50 Hybrid Composite Debt 65:35 Index. The scheme will be managed jointly by Prashant Jain, and Rakesh Vyas, who would manage the overseas assets. 1

3 NEW FUND OFFER Growth Scheme Name Fund Type Fund Class Opens on Closes on Investment Objective Min. Investment Fund Manager Kotak India Growth Fund - Series V - Regular Plan (G) Close-Ended Growth 25-Apr May-2018 To generate capital appreciation from a diversified portfolio of equity & equity related instruments across market capitalisation and sectors. Harsha Upadhyaya / Harish Krishnan Scheme Name Fund Type Fund Class Opens on Closes on Investment Objective Min. Investment Fund Manager Sundaram Long Term Tax Advantage Fund - Series - IV - Regular Plan (G) Close-Ended Growth 27-Mar Jun-2018 To generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit. Rs.5000/- Rs.5000/- S Krishnakumar / Dwijendra Srivastava 2

4 PERFORMANCE OF EQUITY FUNDS Equity Diversified Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen HDFC Small Cap Fund - Growth SBI Emerg Buss Fund - Growth UTI Bluechip Flexicap Fund - Growth L&T Emerging Businesses Fund - Reg - Growth N.A Invesco India Contra Fund - Growth Axis Midcap Fund - Growth IDFC Focused Equity Fund - Reg - Growth Reliance Small Cap Fund - Growth Edelweiss Mid Cap Fund - Growth Invesco India Growth Opportunities Fund - G Axis Focused 25 Fund - Growth IDFC Sterling Equity Fund - Reg - Growth Nifty N.A S&P BSE Sensex N.A N.A Index Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen HDFC Index Fund - Sensex Plan LIC MF Index Fund - Sensex - Growth UTI Nifty Fund - Growth HDFC Index Fund - Nifty Plan IDFC Nifty Fund - Reg - Growth SBI Nifty Index Fund - Growth Principal Index Fund - Nifty - Growth Reliance Index Fund - Nifty Plan - Growth ICICI Prudential Nifty Index Fund - Reg - Growth Aditya Birla Sun Life Index Fund - Growth Franklin India Index Fund - NSE Nifty Plan - G LIC MF Index Fund - Nifty - Growth Nifty N.A S&P BSE Sensex N.A N.A Sectoral Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen Aditya Birla Sun Life New Millennium - Growth SBI IT Fund - Growth ICICI Prudential Technology Fund - Growth Franklin India Technology Fund - Growth Tata India Consumer Fund - Reg - Growth N.A N.A SBI FMCG Fund - Growth ICICI Prudential FMCG - Growth Aditya Birla Sun Life MNC Fund - Growth SBI Banking & Financial Services Fund - Reg - G N.A UTI MNC Fund - Growth Invesco India Financial Services Fund - Reg - G UTI Transportation and Logistics Fund - Growth Nifty N.A S&P BSE Sensex N.A N.A 3

5 PERFORMANCE OF BALANCED FUNDS Tax Saving Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Beta Jensen IDFC Tax Advantage (ELSS) Fund - Reg - Growth Axis Long Term Equity Fund - Growth Aditya Birla Sun Life Tax Relief 96 - Growth Aditya Birla Sun Life Tax Plan - Growth Invesco India Tax Plan - Growth Mirae Asset Tax Saver Fund - Reg - Growth N.A N.A Principal Tax Savings Fund Motilal Oswal Long Term Equity Fund - Reg - Growth N.A L&T Tax Advantage Fund - Reg - Growth IDBI Equity Advantage Fund - Reg - Growth N.A Tata India Tax Savings Fund - Reg - Growth N.A Canara Robeco Equity Taxsaver - Growth Nifty N.A S&P BSE Sensex N.A N.A PERFORMANCE OF BALANCED MUTUAL FUNDS Balanced Funds: Scheme Name NAV QAAUM 1 Mon 3 Mon 6 Mon 1 Y 3 Y 5 Y S.I Std. Dev. Jensen Principal Balanced Fund - Growth SBI Magnum Balanced Fund - Growth HDFC Childrens Gift Fund - Investment Plan Reliance Equity Hybrid Fund - Growth Mirae Asset Hybrid - Equity Fund - Reg - Growth N.A N.A HDFC Balanced Fund - Growth Sundaram Equity Hybrid Fund - Reg - Growth L&T India Prudence Fund - Reg - Growth ICICI Prudential Equity & Debt Fund - Growth Canara Robeco Balance - Growth Aditya Birla Sun Life Balanced 95 - Growth UTI Hybrid Equity Fund - Growth CRISIL Hybrid Aggressive Index N.A N.A N.A 4

6 PERFORMANCE OF DEBT FUNDS Income Funds: Scheme Name NAV QAAUM 3 Days 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe BOI AXA Credit Risk Fund - Reg - Growth Franklin India Income Opportunities Fund - G Aditya Birla Sun Life Corporate Bond Fund - R - G Baroda Pioneer Credit Opportunities Fund - R - G Franklin India IBA - Growth Axis Banking & PSU Debt Fund - Growth Invesco India Ultra Short Term Fund - Growth Kotak Corporate Bond Fund - Std - Growth DSP BlackRock Bond Fund - Growth UTI Medium Term Fund - Reg - Growth Sundaram Short Term Credit Risk Fund - Reg - G ICICI Prudential Regular Savings Fund - Growth Invesco India Credit Risk Fund - Reg - Growth UTI Banking & PSU Debt Fund - Reg - Growth L&T Income Opportunities Fund - Growth CRISIL Composite Bond Fund Index N.A N.A Top Floating Rate Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe L&T Floating Rate Fund - Reg - Cumulative Franklin India Savings Plus Fund - Growth Canara Robeco Savings Plus Fund - Reg - Growth SBI Savings Fund - Growth HDFC F R I F - LTF - Growth Reliance FRF - ST - Growth CRISIL Composite Bond Fund Index N.A N.A Ultra Short Term Funds: Due to their inherent short term nature, the following has been sorted on the basis of 3 month returns Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Franklin India Low Duration Fund - Growth BOI AXA Ultra Short Duration Fund - Reg - Growth Principal Low Duration Fund - Growth Franklin India Ultra Short Bond Fund - Retail - Growth Baroda Pioneer Treasury Advantage Fund - Plan A - Growth DHFL Pramerica Ultra Short-Term Fund - Growth Kotak Low Duration Fund - Std - Growth Kotak Treasury Advantage Fund - Reg - Growth L&T Ultra Short Term Fund - Growth Aditya Birla Sun Life Savings Fund - Reg - Growth Invesco India Money Market Fund - Growth Tata Treasury Advantage Fund - Reg - Growth SBI Ultra Short Term Debt Fund - Growth LIC MF Savings Plus Fund - Growth Indiabulls Ultra Short Term Fund - Growth CRISIL Composite Bond Fund Index N.A N.A

7 PERFORMANCE OF FUNDS OF FUNDS MIP Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe Indiabulls Savings Income Fund - Reg - Growth BOI AXA Conservative Hybrid Fund - Eco - Growth UTI Regular Savings Fund - Growth Axis Income Saver Fund - Growth ICICI Prudential MIP 25 - Growth SBI Magnum MIP - Floater - Growth Aditya Birla Sun Life Monthly Income - Reg - Growth HDFC Multiple Yield Fund - Plan Growth ICICI Prudential Regular Income Fund - Growth Aditya Birla Sun Life MIP II -Savings 5 Plan - Reg - Growth Sundaram Debt Oriented Hybrid Fund - Reg - Growth BNP Paribas MIP - Growth ICICI Prudential MIP - Cumulative DSP BlackRock Regular Savings Fund - Growth UTI Monthly Income Scheme - Growth CRISIL Hybrid Conservative Index N.A N.A N.A PERFORMANCE OF GILT FUNDS Gilt Funds: Scheme Name NAV QAAUM 3 Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe IDFC G Sec Fund - Short Term - Reg - Growth SBI Magnum Gilt STP - Growth ICICI Prudential Long Term Gilt Fund - Growth ICICI Prudential Gilt Fund - Investment - PF - Reg - Growth ICICI Prudential Gilt Fund - Treasury - PF - Growth Edelweiss G Sec Fund - Reg - Growth ICICI Prudential Short Term Gilt Fund - Growth HDFC Gilt Fund - S T P - Growth DHFL Pramerica Gilt Fund - Growth Reliance Gilt Securities Fund - Growth Aditya Birla Sun Life GPPFP - Reg - Growth UTI Gilt Fund - Growth HDFC Gilt Fund - L T P - Growth SBI Magnum Gilt LTP - Growth Tata Gilt Mid Term Fund - Reg - Growth CRISIL 10 Yr Gilt Index N,A N,A N,A PERFORMANCE OF FUND OF FUNDS FUND OF FUNDS: Scheme Name NAV QAAUM 3Day 1 Week 2 Weeks 1 Mon 2 Mon 3 Mon 1 Y S.I Std. Dev. Sharpe HSBC Managed Solutions India - Growth - Reg - Growth Quantum Equity FoF - Growth HSBC Managed Solutions India - Moderate - Reg - Growth Aditya Birla Sun Life Financial Planning FoF Aggressive - G SBI Gold Fund - Growth Invesco India Gold Fund - Growth Aditya Birla Sun Life Financial Planning FoF Prudent - G IDFC Asset Allocation FoF - Aggressive - Reg - Growth Franklin India Life Stage - 20s Plan - Growth Franklin India Dynamic PE Ratio FoF - Growth Quantum Multi Asset Fund - Growth ICICI Prudential Cautious Plan - Growth IDFC Asset Allocation FoF - Moderate - Reg - Growth Reliance Gold Savings Fund - Growth Franklin India Life Stage - 50s Plus Floating Rate Plan - G Note: Indicative Quarterly Average Assets Under Management QAAUM (Latest) is including Growth & Dividend option. The above-mentioned data is on the basis of 04/05/2018 Beta, Jensen, Sharpe and Standard Deviation is calculated for the period: 1 Year, Frequency: Weekly Monday, RF: 7%. For debt fund the return are calculated annualized basis for less than 1 year. 6

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