Thank you for choosing Aditya Birla Sun Life Mutual Fund ( the Fund ) as your investment partner. We truly appreciate your trust in us.

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1 April 30, 2018 Dear Valued Unitholder, Re: Change in Fundamental Attributes of Aditya Birla Sun Life Cash Manager Thank you for choosing Aditya Birla Sun Life Mutual Fund ( the Fund ) as your investment partner. We truly appreciate your trust in us. We would like to inform you that in accordance with SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06, 2017 & SEBI/ HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017 and in terms of the enabling provisions of the Scheme Information Document, Aditya Birla Sun Life Trustee Private Limited (Trustee to Aditya Birla Sun Life Mutual Fund), has approved to change the following features of Aditya Birla Sun Life Cash Manager, an Open ended Income Scheme ( the Scheme ) with effect from Monday June 04, 2018: Sr. No. Features Existing Provisions Revised Provisions (w.e.f June 04, 2018) 1. Name of Scheme Aditya Birla Sun Life Cash Manager Aditya Birla Sun Life Low Duration Fund 2. Type of Scheme An Open ended Income Scheme. An open ended low duration debt scheme investing in instruments such that Macaulay duration of the portfolio is between 6 months and 12 months. 3. Investment Objective The objective of the scheme is to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns. 4. Product Labeling This Product is suitable for investors who are seeking reasonable returns with convenience of liquidity over short term investments in a basket of debt and money market instruments of very short maturities The objective of the scheme is to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of short maturities with a view to provide reasonable returns. This Product is suitable for investors who are seeking reasonable returns with convenience of liquidity over short term investments in a basket of debt and money market instruments of short maturities *Investors should consult their financial advisers if in doubt whether the product is suitable for them 5. Asset Allocation Under normal circumstances, the asset allocation pattern shall be as under: (% age of net assets) Instruments Debt and Money Market Instruments # Money Market Instruments including CBLO & repo Asset Allocation Range Risk profile 0% to 80% Low to Medium 20% to 100% Low to Medium #The scheme will invest primarily in instruments having maturity of one year and less than one year. The scheme may invest into securitized debt upto 75% of its net assets. In cases where there is a drastic reduction in the corpus of the scheme due to large redemptions, the fund manager would be required to rebalance the portfolio in order to conform to the above limits within a period of 30 days. 1 *Investors should consult their financial advisers if in doubt whether the product is suitable for them Under normal circumstances, the asset allocation pattern shall be as under: (% age of net assets) Instruments Debt and Money Market Instruments # Asset Allocation Range Risk profile 0% to 80% Low to Medium Money Market Instruments 20% to Low to Medium including CBLO & repo 100% Macaulay duration of the portfolio will be between 6 months-12 months #The scheme may invest into securitized debt upto 50% of its net assets. In cases where there is a drastic reduction in the corpus of the scheme due to large redemptions, the fund manager would be required to rebalance the portfolio in order to conform to the above limits within a period of 30 days.

2 Sr. No. Features Existing Provisions Revised Provisions (w.e.f June 04, 2018) The Scheme retains the flexibility to invest across all of the various securities and other instruments in the debt and money markets. From time to time it is possible that the portfolio may hold cash. Under normal circumstances the schemes shall not have an exposure of more than 25% of its net assets in foreign debt securities subject to the overall cap as specified by SEBI. The scheme may also invest upto 100% of the portfolio (i.e. net assets including cash) in such derivative instruments as may be introduced from time to time subject to framework specified by SEBI, for the purpose of hedging and portfolio balancing and other uses as may be permitted under SEBI Regulations. The investment policies of the Scheme comply with the rules, regulations and guidelines laid out in the SEBI (MF) Regulations 1996, specifically the Seventh Schedule. All of the Scheme s assets will be invested in transferable securities. The corpus of the Scheme shall not in any manner be used in option trading, short selling or carry forward transactions. The Scheme will endeavour to maintain a AAA mfs or equivalent rating from any SEBI registered Rating Agencies, which presently is CRISIL. The Scheme shall endeavor to maintain the credit score applicable for maintaining the rating at all times. In an event where any security held by the Scheme is downgraded, the credit factor applicable on the security would be based on the revised rating. In case the credit factor revision results in the credit score of the fund exceeding the limit applicable for the fund s rating, the fund shall be given a curing period as per the agreement with the rating agencies, from the date of the credit score increasing the applicable limits to bring it back within the limits applicable to its rating. The Scheme will not engage in bill discounting activity, however may invest in rediscounting of bills with RBI approved counterparties. The investments will be carried out on a delivery versus payment basis in accordance with the regulatory provisions. Such Scheme rating is not intended to be an opinion on the Asset Management Company s willingness or ability to make timely payment to the investor. The rating is also not an opinion on the stability of the NAV of the scheme, which could vary with market developments. Under normal market conditions, the Scheme will be managed so as to maintain a Rupee weighted average maturity not exceeding 1.5 years. No individual investment will have maturity greater than three years. The portfolio is expected to generate its return by prudently investing in sectors and issues in the debt and money markets, which provide consistently superior yields at low levels of risk. The Scheme retains the flexibility to invest across all of the various securities and other instruments in the debt and money markets. From time to time it is possible that the portfolio may hold cash. Under normal circumstances the schemes shall not have an exposure of more than 25% of its net assets in foreign debt securities subject to the overall cap as specified by SEBI. The scheme may also invest upto 50% of the portfolio (i.e. net assets including cash) in such derivative instruments as may be introduced from time to time subject to framework specified by SEBI, for the purpose of hedging and portfolio balancing and other uses as may be permitted under SEBI Regulations. The investment policies of the Scheme comply with the rules, regulations and guidelines laid out in the SEBI (MF) Regulations 1996, specifically the Seventh Schedule. All of the Scheme s assets will be invested in transferable securities. The corpus of the Scheme shall not in any manner be used in option trading, short selling or carry forward transactions. The portfolio is expected to generate its return by prudently investing in sectors and issues in the debt and money markets, which provide consistently superior yields at low levels of risk. Due consideration will be given to the liquidity of the Scheme s investments keeping in mind that the Scheme is open-ended and aimed at providing a high degree of liquidity. Liquidity generally will be provided through: Investment allocation by primarily choosing to invest a substantial portion of the Scheme s assets in the most liquid part of the fixed income market, i.e. call money, Treasury Bills, Government of India and State Government securities, in which there are relatively significant traded volumes. Laddering maturities and coupons and Investing in specially structured securities, especially where the security has been structured to offer the buyer the option to liquidate prior to the final maturity. Liquidity may also be provided through borrowing to meet redemptions in accordance with the SEBI (MF) Regulations, Investments may be made in listed or unlisted instruments. Listed securities may be listed on any of the recognised Indian stock exchanges including the National Stock Exchange and the Over the Counter Exchange of India. Investments may be made as secondary market purchases, initial public offers, private placements, negotiated investments, rights offers, etc. The Scheme may enter into repurchase / reverse repurchase obligations (as and when applicable regulations permit) in order to manage liquidity as also for investment purposes. The amount of repurchase obligations shall be in compliance with the applicable SEBI Regulations. 2

3 Sr. No. Features Existing Provisions Revised Provisions (w.e.f June 04, 2018) Due consideration will be given to the liquidity of the Scheme s investments keeping in mind that the Scheme is open-ended and aimed at providing a high degree of liquidity. Liquidity generally will be provided through: Investment allocation by primarily choosing to invest a substantial portion of the Scheme s assets in the most liquid part of the fixed income market, i.e. call money, Treasury Bills, Government of India and State Government securities, in which there are relatively significant traded volumes. Laddering maturities and coupons and Investing in specially structured securities, especially where the security has been structured to offer the buyer the option to liquidate prior to the final maturity. Liquidity may also be provided through borrowing to meet redemptions in accordance with the SEBI (MF) Regulations, Investments may be made in listed or unlisted instruments. Listed securities may be listed on any of the recognised Indian stock exchanges including the National Stock Exchange and the Over the Counter Exchange of India. Investments may be made as secondary market purchases, initial public offers, private placements, negotiated investments, rights offers, etc. The Scheme may enter into repurchase / reverse repurchase obligations (as and when applicable regulations permit) in order to manage liquidity as also for investment purposes. The amount of repurchase obligations shall be in compliance with the applicable SEBI Regulations. The Scheme may enter into securities lending as allowed under the SEBI (MF) Regulations. Notwithstanding the foregoing investment policies for the scheme, for temporary defensive purposes (e.g., during periods in which the Asset Management Company believes changes in the securities market or economic or other conditions warrant), the scheme may invest in Indian Government T-Bills and hold cash or cash equivalents and other money market instruments. The Trustee of the Mutual Fund may from time to time alter these limitations in conformity with the SEBI (MF) Regulations, 1996 and other guidelines or notifications that may be issued by SEBI. The Scheme may enter into securities lending as allowed under the SEBI (MF) Regulations. Notwithstanding the foregoing investment policies for the scheme, for temporary defensive purposes (e.g., during periods in which the Asset Management Company believes changes in the securities market or economic or other conditions warrant), the scheme may invest in Indian Government T-Bills and hold cash or cash equivalents and other money market instruments. The Trustee of the Mutual Fund may from time to time alter these limitations in conformity with the SEBI (MF) Regulations, 1996 and other guidelines or notifications that may be issued by SEBI. 3

4 Sr. No. Features Existing Provisions Revised Provisions (w.e.f June 04, 2018) 6. Investment Strategy The aim of the investment strategy is to provide stable returns by minimizing the interest rate risk in the short as well as long term. The Scheme aims to identify securities, which offer superior levels of yield at lower levels of risks. Liquidity will also be an important criterion and a reasonable proportion of the investment will be made in relatively liquid investments. In addition, the Fund Management team will study the macro economic conditions affecting liquidity and interest rates. The Fund Manager would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same The aim of the investment strategy is to provide stable returns by minimizing the interest rate risk in the short as well as long term. The Scheme aims to identify securities, which offer superior levels of yield at lower levels of risks. Liquidity will also be an important criterion and a reasonable proportion of the investment will be made in relatively liquid investments. In addition, the Fund Management team will study the macro economic conditions affecting liquidity and interest rates. The Fund Manager would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration is frequently used by portfolio managers who use an immunization strategy. Macaulay duration can be calculated: 4 Where: t = respective time period C = periodic coupon payment y = periodic yield n = total number of periods M = maturity value Current Bond Price = Present value of cash flows The Macaulay duration can be viewed as the economic balance point of a group of cash flows. Another way to interpret the statistic is that it is the weighted average number of years an investor must maintain a position in the bond until the present value of the bond s cash flows equals the amount paid for the bond. Factors Affecting Duration A bond s price, maturity, coupon and yield to maturity all factor into the calculation of duration. All else equal, as maturity increases, duration increases. As a bond s coupon increases, its duration decreases. As interest rates increase, duration decreases and the bond s sensitivity to further interest rate increases goes down. Also, sinking fund in place, a scheduled prepayment before maturity and call provisions lower a bond s duration. The above modifications (other than scheme name, change in type of scheme and Investment strategy) are changes in the Fundamental Attributes of the Scheme as per Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996 and SEBI circular no. SEBI/HO/IMD/DF3/ CIR/P/2017/114 dated October 06, The Securities and Exchange Board of India has communicated its no-objection for the above changes vide its letter no. IMD/DF3/ OW/P/2018/7315/1 dated March 08, Apart from above, the other features and terms & conditions of the Scheme will remain unchanged and all references to the above modifications shall be suitably incorporated in the SID and KIM of the Scheme. EXIT OPTION As the above proposal is a change in Fundamental Attributes of the Scheme, in accordance with Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996, the existing unitholders (i.e. whose names appear in the register of unitholders as on close of business hours on April 30, 2018) under the scheme are hereby given an option to exit, i.e. either redeem their investments or switch their investments to any other schemes of Aditya Birla Sun Life Mutual Fund, within the 30 days exit period starting from May 02, 2018 till June 01, 2018 (both days inclusive and upto 3.00 pm on June 01, 2018) at Applicable NAV, without payment of any exit load.

5 Thus, all the applications for redemptions/switch-outs received under the Scheme shall be processed at Applicable NAV of the day of receipt of such redemption / switch request, without payment of any exit load, provided the same is received during the exit period of 30 days mentioned above. Unitholders who have pledged or encumbered their units will not have the option to exit unless they procure a release of their pledges / encumbrances prior to the submission of redemption / switch requests. Unitholders should ensure that their change in address or pay-out bank details are updated in records of Aditya Birla Sun Life Mutual Fund as required by them, prior to exercising the exit option for redemption of units. The redemption proceeds shall be despatched within 10 business days of receipt of valid redemption request to those unitholders who choose to exercise their exit option. The updated SID & KIM of the scheme containing the revised provisions shall be made available with our Investor Service Centres and also displayed on the website immediately after completion of duration of exit option. RATIONALE In order to ensure that schemes launched by a Mutual Fund are clearly distinct in terms of asset allocation, investment strategy etc. and to standardize the scheme categories and characteristics of each category, SEBI vide its circular no.sebi/ho/imd/df3/cir/p/2017/114 dated October 6, 2017 has introduced Categorization and Rationalization of Mutual Fund Schemes. In view of the above circular and to build presence and size of the Scheme in Low Duration category it is proposed to carry out the above modifications. SCHEME DETAILS To enable you to take an informed decision and understand the Scheme better, please find the following details pertaining to the scheme (Data as on March 31, 2018): Portfolio statement of the scheme (Refer Annexure A ) Performance of the scheme (Refer Annexure B ) Expense Ratio Regular Plan 1.09% Direct Plan 0.29% Folios Assets Under Management (AUM) 8, The Notice-cum-Addendum informing the details of the modification is published in newspapers and uploaded on our website www. adityabirlasunlifemf.com. We request you to go through the same. TAX IMPLICATIONS Redemption / switch-out of units from the Scheme, during the exit period, may entail capital gain/loss in the hands of the unitholder. Similarly, in case of NRI investors, TDS shall be deducted in accordance with the applicable Tax laws, upon exercise of exit option and the same would be required to be borne by such investor only. In view of individual nature of tax implications, unitholders are advised to consult their tax advisors. For details on Tax implications, please refer to SID of the Scheme and Statement of Additional Information available with our Investor Service Centres and on our website It may be noted that the offer to exit is purely optional and is not compulsory. Alternatively, you can continue to remain invested in the Scheme. In that case, no action is required by you and Unitholders who do not exercise the exit option by 3.00 p.m. on June 01, 2018 would be deemed to have consented to the above proposal. Aditya Birla Sun Life AMC Ltd / Aditya Birla Sun Life Mutual Fund would like the unitholders to remain invested in the Scheme. Also, please note that in case you choose to continue with your investments in the aforesaid scheme, there shall be no tax implications arising out of the above proposal. CONTACT US If you have any further queries regarding your investments you can Write in at care.mutualfunds@adityabirlacapital.com Visit your nearest Investor Service Centres (ISCs). To locate your nearest ISC we request you to visit Thanking you once again and looking forward to a long and enduring relationship. For Aditya Birla Sun Life AMC Ltd. (formerly known as Birla Sun Life Asset Management Company Limited) (Investment Manager for Aditya Birla Sun Life Mutual Fund) sd/- Authorised Signatory 5

6 Annexure A ADITYA BIRLA SUN LIFE CASH MANAGER (An Open ended Income Scheme) Portfolio as on March 31, 2018 Name of the Instrument ISIN Industry^/ Rating Quantity Market/Fair Value % to Net Assets (Rs. in Lacs) Debt Instruments (a) Listed / awaiting listing on Stock Exchange 7.70% Tata Power Company Limited (02/08/2019) ** INE245A08083 ICRA AA- 5,250 52, % 9.10% ECL Finance Limited (23/09/2022) ** INE804I077X2 CRISIL AA 5,000 50, % 9.04% Indiabulls Infraestates Ltd (25/09/2020) ** INE741X07010 CARE AA- (SO) 4,000 40, % 9.10% Edelweiss Finvest Pvt Limited (27/09/2022) ** INE241O07FG6 CRISIL AA 3,000 29, % 7.95% Power Finance Corporation Limited (13/05/2019) INE134E08IF8 CRISIL AAA 2,485 24, % 7.90% LIC Housing Finance Limited (28/03/2019) ** INE115A07MY0 CRISIL AAA 2,000 20, % Piramal Finance Limited (19/07/2019) (ZCB) INE140A07245 ICRA AA 1,600 18, % 7.85% Power Finance Corporation Limited (15/04/2019) INE134E08IC5 CRISIL AAA 1,550 15, % 9.10% Edelweiss Commodities Services Limited INE657N07498 CRISIL AA 1,500 15, % (23/09/2022) ** 8.10% Reliance Jio Infocomm Limited (29/04/2019) ** INE110L07054 CRISIL AAA 1,300 13, % 4.00% Indiabulls Housing Finance Limited (02/12/2019) ** INE148I07AQ5 CARE AAA 1,000 12, % 9.00% Export Import Bank of India (10/01/2019) ** INE514E08AP7 CRISIL AAA 1,000 10, % 8.80% Indiabulls Housing Finance Limited (16/08/2021) ** INE148I07FT8 CARE AAA 1,000 10, % 7.80% Power Finance Corporation Limited (07/06/2019) INE134E08JL4 CRISIL AAA 1,000 10, % 8.65% Fullerton India Credit Company Limited INE535H07902 ICRA AA+ 1,000 10, % (02/08/2019) ** 7.59% Rural Electrification Corporation Limited INE020B08AV9 CRISIL AAA 1,000 10, % (13/03/2020) ** 7.53% Power Finance Corporation Limited INE134E08JN0 CRISIL AAA 1,000 9, % (20/01/2020) 8.28% Small Industries Dev Bank of India (26/02/2019) ** INE556F09619 CARE AAA 850 8, % Housing Development Finance Corporation Limited INE001A07LW8 CRISIL AAA 500 7, % (30/10/2018) (ZCB) ** 8.26% Housing Development Finance Corporation INE001A07OR2 CRISIL AAA 75 7, % Limited (12/08/2019) ** 7.95% Nirma Limited (09/09/2018) ** INE091A07166 CRISIL AA 750 7, % 8.74% Shriram Transport Finance Company INE721A07LB5 CRISIL AA , % Limited (05/07/2018) ** 6.85% National Bank For Agriculture and Rural INE261F08899 CRISIL AAA 650 6, % Development (29/06/2020) ** 9.45% Export Import Bank of India (22/01/2019) ** INE514E08DL0 CRISIL AAA 610 6, % Shriram Transport Finance Company Limited INE721A07MQ1 CRISIL AA , % (18/01/2019) (ZCB) ** 9.60% Renew Power Venture Pvt Limited (26/02/2021) ** INE003S07205 CARE A , % 8.90% Edelweiss Housing Finance Limited (23/09/2022) ** INE530L07327 CRISIL AA 500 4, % 7.09% Small Industries Dev Bank of India (19/06/2020) ** INE556F08IW4 CARE AAA 500 4, % 7.90% Tata Capital Financial Services Limited INE306N08243 CRISIL AA , % (27/06/2019) ** 7.95% Shriram Transport Finance Company INE721A07MJ6 CRISIL AA , % Limited (13/06/2019) ** 7.55% PNB Housing Finance Limited (15/06/2020) ** INE572E09445 CARE AAA 500 4, % 7.80% Cholamandalam Investment and Finance INE121A07NW0 ICRA AA 500 4, % Company Limited (26/07/2019) ** 6.99% Rural Electrification Corporation INE020B08AN6 CRISIL AAA 500 4, % Limited (31/12/2020) ** 9.63% Rural Electrification Corporation INE020B07IA8 CRISIL AAA 400 4, % Limited (05/02/2019) ** 8.37% Rural Electrification Corporation INE020B08948 CRISIL AAA 400 4, % Limited (14/08/2020) ** 8.55% Indian Railway Finance Corporation INE053F09FU0 CRISIL AAA 350 3, % Limited (15/01/2019) ** 7.76% Kotak Mahindra Prime Limited (29/05/2019) ** INE916DA7OA5 CRISIL AAA 350 3, % 9.44% LIC Housing Finance Limited (30/08/2019) ** INE115A07FU2 CRISIL AAA 250 2, % 8.04% Small Industries Dev Bank of India (15/03/2019) ** INE556F09601 CARE AAA 250 2, % 8.20% Tata Capital Financial Services Limited INE306N07IP4 CRISIL AA , % (06/09/2018) ** 7.18% National Bank For Agriculture and Rural INE261F08816 CRISIL AAA 250 2, % Development (23/03/2020) 7.13% Rural Electrification Corporation INE020B08AE5 CRISIL AAA 250 2, % Limited (21/09/2020) ** 7.28% Tata Motors Limited (29/07/2020) ** INE155A08357 CARE AA , % 8.65% Power Finance Corporation Limited (28/11/2019) ** INE134E08GQ9 CRISIL AAA 200 2, % 8.85% Tata Capital Financial Services Limited INE306N07HM3 ICRA AA , % (03/05/2019) ** 8.28% Oriental Nagpur Betul Highway INE105N07068 CRISIL AAA(SO) 1,850 1, % Limited (30/09/2019) ** 6

7 ADITYA BIRLA SUN LIFE CASH MANAGER (An Open ended Income Scheme) Portfolio as on March 31, 2018 Name of the Instrument ISIN Industry^/ Rating Quantity Market/Fair Value % to Net Assets (Rs. in Lacs) 8.28% Oriental Nagpur Betul Highway INE105N07050 CRISIL AAA(SO) 1,850 1, % Limited (30/03/2019) ** 8.50% Nabha Power Limited (04/04/2019) ** INE445L08300 ICRA AAA(SO) 165 1, % 9.65% Housing Development Finance Corporation INE001A07MG9 CRISIL AAA 150 1, % Limited (17/01/2019) ** 7.70% Housing & Urban Development Corporation INE031A08582 ICRA AAA 150 1, % Limited (19/03/2020) ** 7.42% Power Finance Corporation Limited (26/06/2020) INE134E08IY9 CRISIL AAA 150 1, % 9.60% Export Import Bank of India (30/11/2018) ** INE514E08DF2 CRISIL AAA 100 1, % 8.06% Small Industries Dev Bank of India (28/03/2019) ** INE556F09593 CARE AAA 100 1, % 8.38% Housing Development Finance Corporation INE001A07PH0 CRISIL AAA 10 1, % Limited (15/07/2019) ** 9.30% Power Grid Corporation of India Limited INE752E07JR2 CRISIL AAA 80 1, % (28/06/2018) ** 7.95% Housing Development Finance Corporation INE001A07PM0 CRISIL AAA 10 1, % Limited (23/09/2019) ** 8.28% Oriental Nagpur Betul Highway Limited INE105N07043 CRISIL AAA(SO) % (30/09/2018) ** 9.64% Power Grid Corporation of India Limited INE752E07IE2 CRISIL AAA % (31/05/2019) ** 8.45% Indian Railway Finance Corporation INE053F09FR6 CRISIL AAA % Limited (26/12/2018) ** 8.00% Power Finance Corporation Limited (22/10/2018) ** INE134E08HZ8 CRISIL AAA % 7.01% Reliance Utilities & Power Pvt Limited INE936D07083 CRISIL AAA % (28/09/2018) ** 7.25% Reliance Utilities & Power Pvt Limited INE936D07091 CRISIL AAA % (29/08/2019) ** 7.33% Reliance Utilities & Power Pvt Limited INE936D07109 CRISIL AAA % (28/02/2020) ** 8.00% IDBI Bank Limited (01/08/2018) ** INE008A08PO9 IND AA % 9.10% Dewan Housing Finance Corporation INE202B07HQ0 CARE AAA 23, % Limited (16/08/2019) ** Sub Total 501, % (b) Privately placed / Unlisted Adani Infra (India) Limited (21/02/2019) (ZCB) ** # INE701Q07075 BWR AA- (SO) , % 7.68% ONGC Petro Additions Limited (18/05/2020) ** # INE163N08040 ICRA AAA(SO) , % Asian Satellite Broadcast Pvt Ltd (26/06/2018) (ZCB) ** # BWR AA- (SO) 2,500 25, % 9.65% Aasan Corporate Solutions Private Limited INE081T07092 BWR A- (SO) 2,000 20, % (18/02/2021) ** # 11.75% Sashwat Energy Private Limited (22/03/2019) ** # UNRATED , % 8.75% ONGC Petro Additions Limited (02/07/2019) ** # INE163N08032 CARE AAA(SO) , % Bharti Telecom Limited (19/02/2020) (ZCB) # INE403D08017 CRISIL AA+ 1,000 10, % 9.60% Grand View Estates Private Limited INE347N08049 ICRA AA(SO) 75 7, % (07/06/2020) ** # 7.75% Tata Capital Limited (05/03/2020) ** # INE976I08268 CRISIL AA , % 10.05% High Point Properties Private Limited INE470T08012 ICRA AA(SO) 70 7, % (13/12/2018) ** # 7.55% Tata Sons Ltd (16/12/2019) ** # INE895D08667 CRISIL AAA 650 6, % 9.84% Tata Motors Finance Solutions Limited INE477S08043 CRISIL AA 50 5, % (30/07/2018) ** # 9.75% S.D. Corporation Pvt Limited INE660N08060 CARE AA+(SO) 25 2, % (09/04/2020) ** # Sub Total 200, % (c) Government Securities State Government Securities (23/06/2019) IN SOV 11,000,000 11, % State Government Securities (09/07/2019) IN SOV 10,000,000 10, % State Government Securities (29/10/2019) IN SOV 9,400,000 9, % State Government Securities (14/03/2021) IN SOV 6,000,000 6, % State Government Securities (14/03/2021) IN SOV 5,000,000 5, % State Government Securities (14/03/2021) IN SOV 4,500,000 4, % State Government Securities (15/03/2019) IN SOV 958, % State Government Securities (12/03/2019) IN SOV 500, % State Government Securities (01/08/2018) IN SOV 500, % 7

8 ADITYA BIRLA SUN LIFE CASH MANAGER (An Open ended Income Scheme) Portfolio as on March 31, 2018 Name of the Instrument ISIN Industry^/ Rating Quantity Market/Fair Value % to Net Assets (Rs. in Lacs) State Government Securities (15/03/2020) IN SOV 225, % State Government Securities (01/08/2018) IN SOV 50, % Sub Total 48, % Total 751, % Money Market Instruments Certificate of Deposit ICICI Bank Limited (15/03/2019) ** # INE090A164P5 ICRA A1+ 2,500 2, % Sub Total 2, % Commercial Paper Housing Development Finance Corporation INE001A14SH0 ICRA A1+ 4,400 20, % Limited (20/12/2018) ** # Bharti Enterprises Holding Private Limited INE453T14107 CRISIL A1+ 3,000 14, % (26/10/2018) ** # Housing Development Finance Corporation INE001A14SI8 ICRA A1+ 2,500 11, % Limited (28/02/2019) ** # L & T Infrastructure Finance Company INE691I14HE1 ICRA A1+ 2,000 9, % Limited (19/03/2019) ** # Visu Leasing and Finance Private Limited INE945W14106 CARE A1 1,500 7, % (21/09/2018) ** # Housing Development Finance Corporation INE001A14RZ4 ICRA A1+ 1,500 7, % Limited (15/01/2019) ** # Sub Total 70, % Total 72, % Others CBLO / Reverse Repo Clearing Corporation of India Ltd 23, % Sub Total 23, % Total 23, % Net Receivables / (Payables) (36,628.00) -4.51% GRAND TOTAL 811, % ZCB - Zero Coupon Bond ** Thinly Traded / Non Traded Security # Unlisted Security Scheme Performance Annexure B Returns as on March 31, 2018 Aditya Birla Sun Life Cash Manager NAVs as on March 31, 2018 Regular Rs Direct - Rs Period Scheme Returns (%) Benchmark Returns (%) Direct Regular Direct Regular 1 Year Year Year Since Inception Past performance may or may not be sustained in the future Since Inception Date : January 01,2013 # Scheme Benchmark: Crisil Short-Term Bond Index Pursuant to provisions of SEBI Circular dated September 13, 2012, Direct Plan is introduced w.e.f. January 1, Date of allotment for Direct Plan is January 1,