Investment philosophy. Discovery Fund. An Open-ended Diversified Equity Fund

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1 August 2013 GOOD BUYS at GREAT PRICES Investment philosophy Discovery Fund An Open-ended Diversified Equity Fund * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk HIGH RISK (BROWN) (BROWN) investors understand that their principal will be at high risk Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 The Market O v e r v i e w Equity Market Outlook Equity Market Outlook Global economy Developed markets gained during July 2013, supported by better-thanexpected economic indicators and supportive monetary policy. In the US, fundamentals are seen overtaking fiscal headwinds. Employment trends remain relatively solid. Consumer spending on durables has been strengthening in a sign of rising confidence. New data on gross domestic product (GDP) for the first half along with initial reports on July and the Fed s reaffirmed emphasis on accommodation, all point to a marked pickup. Financial conditions remain highly supportive of growth despite both higher interest rates and the likely prospect of September Fed tapering of asset purchases. (Data Source: CITI Research) For the euro zone, the European Central Bank stated that its commitment to keep rates low for an extended period of time will depend on the euro area s economic performance. In Asia, slowdown worries hovered on Chinese economy with Q2 GDP growth slowing to 7.5% from 7.7% in the first quarter. Meanwhile, the Chinese government unveiled plans to ensure that the financial system supports economic rebalancing. (Data Source: Reuters) Fundamentals and Economics: Growth Index of Industrial Production (IIP) contracted to an 11-month low of 1.6% in May 2013 compared with a growth of 2.5% on an annual basis in the yearago period. In April 2013 IIP had grown 1.89% on an annual basis. Capital goods as well as consumer goods sectors saw contraction, a phenomenon that was last observed in February Meanwhile, manufacturing growth fell by 2% in May 2013 reflecting the weak economic scenario. The mining sector growth fell by 5.7% as compared to 3.3% in April On the positive, capacity additions in the power sector in FY lifted electricity output growth to 6.2% in May (Data Source: Mospi.Nic.in, CRISIL Centre for Economic Research (CCER)) Inflation The Wholesale Price Index (WPI) rose to 4.86% in June 2013 from a 43-month low of 4.70% observed in May However, the WPI Inflation remained below the Reserve Bank of India s (RBI s) threshold of 5% for the third consecutive month in June Food inflation rose to 9.74% in June 2013 from 8.25% in the previous month mainly on account of a sharp rise in vegetable prices. On the positive, manufactured inflation declined to 2.75% in June 2013 from 3.11% in May Fuel inflation eased to 7.12% from 7.32% in the previous month helped by a fall in coal and petrol prices. Meanwhile, inflation based on the new Consumer Price Index (combined) inched up to a four-month high of 9.87% in June 2013 from 9.31% in May (Data Source: Mospi.Nic.in, CCER) Deficit India s trade deficit tapered to $12.2 bn in June 2013 from a seven-month high of $20.1 bn a month ago supported by slowdown in gold imports. The recent measures to curb gold imports are likely to have lowered demand. In June 2013, India s non-oil imports fell by 6.7% compared to a year ago, their sharpest contraction in last 10 months. Oil imports continued to be high in June 2013 at $12.8 bn compared to $11.22 bn imports in June last year. Meanwhile, exports in the latest month fell to $23.8 bn compared to $24.92 bn in June 2012 while imports declined marginally to $36 bn in the latest month. (Data Source: CCER) Currency The Indian rupee failed to stem the slide and ended at Rs per US dollar (USD) on July 31, 2013 compared with Rs per USD on June 28, 2013 as sentiment was dented after RBI kept interest rates on hold during its latest quarterly monetary policy and did not announce any additional steps to defend the currency. (Data Source: 1 Year CD Rate One-year Certificate of Deposit (CD) rate stood at 9.87% as on July 31, (Data Source: FIMMDA) Market Sentiments Flows Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were sellers of Indian equities over July FIIs sold US$1.0bn and US$2.0bn of Indian equities and debt, respectively. DIIs were sellers of US$258 mn in equities. Insurance companies bought US$108 mn while mutual funds sold US$365 mn over the month. (Data Source: J P Morgan Research) Market Performance Indian equity indices witnessed a decline for the second consecutive month in July 2013 with key benchmark indices CNX Nifty and S&P BSE Sensex losing 1.72% and 0.26% respectively. The fall in the indices was attributed to the actions taken by RBI to squeeze liquidity in the domestic financial system in its bid to curb exchange rate volatility. Among other factors affecting the domestic equity market in the month were the sharp volatility seen in the rupee especially earlier in the month and disappointing earnings from index majors. Caution ahead of the US Fed meeting also affected the sentiments. (Data Source: NSE India, BSE India) Triggers The currency movement may continue to impact the direction of the domestic equity market in the short term. Favorable monsoon is a key positive. The regional distribution continues to be good and August 2013 rains at normal level may help in keeping inflation lower. Any easing of liquidity tightening measures by the central bank is also expected to uplift market sentiment. The Biggest risk to the macroeconomic outlook stems from the external sector. Financial markets around the world went into a flash turmoil on the perception of an earlier than expected tapering of QE by the US Fed. Global cues regarding stimulus measures by the US Federal Reserve and other major central banks will continue to guide market movements. Additional macroeconomic data from the developed and developing economies could also trigger short-term market movement. Continuous selling by FII of Indian equities to the extent of US$1 billion will be a key trigger to watch. A quarter with average trade deficit of US$10-14 bn per month will also be a positive factor for the domestic equity market. The Indian economy benefits from lower crude prices and crude below at US $95 per barrel works in favor for Indian equities. Outlook The Industrial growth remains subdued and supply-side bottlenecks are constraining core industries. However, recovery is expected to take shape later in FY , supported by good monsoon that may shore up rural demand. The current account is expected to show improvement. The demand for gold is likely to decline with increase in customs duty and rationalization of gold import policy. On account of political (pre-election year) and global economic reasons, the equity markets are likely to remain volatile. On the valuation front, the market aggregates in our view do not reflect anything. The dichotomy of divergence in valuation of stocks remains. There are few select large cap stocks, which are trading at very premium valuations; these are the ones that have gone up on account of seeing the bulk of FII interest. We believe, the market excluding these stocks is trading at reasonably cheap valuations. Hence, there lies a potential opportunity. Recommendation Investors across the world and in India have been underweight on equities for a long period of time. In our view, we are in a situation where people should consider investing in equities and there is a challenge because investors are mostly under-invested in equities. We recommend investors to invest gradually through / STPs over next one year in our core equity / balanced offerings (ICICI Prudential Focused Bluechip Equity Fund, ICICI Prudential Discovery Fund, ICICI Prudential Top 100 Fund and ICICI Prudential Balanced Fund). Lump-sum investments may also be considered in products, which intend to benefit out of volatility like ICICI Prudential Dynamic Plan and ICICI Prudential Equity - Volatility Advantage Fund. Investors can also seek to benefit from investing in ICICI Prudential US Bluechip Equity Fund and participate in the growth prospects of the world s largest economy. Note : None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the Investors are requested to consult their financial advisors before investing. 2

3 The Market O v e r v i e w Equity Market Outlook Technicals (Data Source : Bloomberg) Investments by Jul-13 Jun-13 Institutions in the cash segment (Rs. Cr) FIIs (Net Purchases / Sales) MFs (Net Purchases / Sales) Avg Daily Open Interest (Rs. Cr) Index Futures Stock Futures Index Options Stock Options Total 1,30,934 1,35,310 Avg Daily Volumes (Rs. Cr) Cash Segment BSE NSE Total 12,386 12,224 Derivative Segment NSE Total 1,38,265 1,59,544 Avg Advance Decline Ratio BSE NSE Valuation Ratios Jul-13 Jun-13 P/E ratio- Sensex P/E ratio- Nifty Price/Book Value Ratio- Sensex Price/Book Value Ratio- Nifty Dividend Yield-Sensex Dividend Yield-Nifty Indices Movement Jul-13 Jun-13 S&P BSE Sensex % CNX Nifty % S&P BSE Mid Cap % S&P BSE Small Cap % S&P BSE Realty % S&P BSE Metals % S&P BSE Consumer % Durables S&P BSE Capital Goods % S&P BSE Bankex % S&P BSE PSU % S&P BSE Auto % S&P BSE Oil & Gas % S&P BSE Teck Index % S&P BSE Healthcare % S&P BSE FMCG % ATTRACTIVE 11x -12x STRETCHED 19x plus CHEAP 8x -10x Jul-13 May-13 Mar-13 Jan-13 Nov-12 Sep-12 Jul-12 May-12 Mar-12 Jan-12 Nov-11 Sep-11 Jul-11 May-11 Mar-11 Jan-11 Nov-10 Sep-10 Jul-10 May-10 Mar-10 Jan-10 Nov-09 Sep-09 Jul-09 May-09 Mar-09 Jan-09 Nov-08 Sep-08 Jul-08 May-08 Mar-08 Jan-08 Nov-07 Sep-07 Jul-07 May-07 Mar-07 Jan-07 Nov-06 Sep-06 Jul-06 May-06 Mar-06 Jan-06 Sensex(RHS) FAIR VALUE PLUS 16x -18x FAIR 13x -15x Valuations(LHS) Valuations levels of the Sensex based on earnings estimate of Rs.1404 (4 Quarter Forward)

4 The Market O v e r v i e w Impact on Interest Rates FACTORS Short Term Medium Term (1-3 Months) (3-6 Months) Inflation POSITIVE POSITIVE India s headline Wholesale Price Index (WPI) inflation edged up slightly to 4.86% in June 2013 after declining for four months and as compared with 4.70% in May Food inflation rose to 9.74% in June 2013 from 8.25% in the previous month mainly on account of a sharp rise in vegetable prices. Meanwhile, primary article inflation rose to 8.14% in June 2013 from 6.65% in the previous month. In terms of retail prices, the Consumer Price Index (CPI) based inflation touched a four-month high of 9.87% in June 2013 after reaching a 15-month low of 9.31% in May CPI inflation touched double digits at 10.1% in urban areas in June 2013 compared to 9.6% in the previous month while CPI in rural areas increased to 9.6% from 9%. In its latest monetary policy, Reserve Bank of India (RBI) stated that it will use all its instruments to contain the WPI inflation to around 5% by March (Data Source: Mospi. Nic.in, CRISIL Centre for Economic Research (CCER)) Money Supply NEUTRAL NEUTRAL Interbank call money rates rose sharply with the rates soaring to over 10% near the end of the month due to strong demand for funds from banks as they clamored to meet their new target of maintaining the cash reserve ratio (CRR). India s M3 money supply rose 12.8% year-on-year (y-o-y) in the fortnight ended July 12, 2013 compared to 14.8% a year earlier. This is close to the RBI s indicative trajectory of 13.0%. Reserve money rose 3.8% y-o-y in the week to July 19, 2013 compared to 9.6% a year earlier. The currency in circulation rose 9.5% y-o-y in the week to July 19, 2013 compared to 13.1% a year earlier. Banks net average borrowings from the central bank s LAF fell to Rs 50,850 cr in July 2013 as compared to the previous month s figure of Rs 63,784 cr in June The fall in the borrowings was due to measures by RBI in July 2013 to curb rupee volatility, which included restriction on banks and primary dealers access to funds under the LAF window. (Data Source: Credit Demand NEUTRAL POSITIVE Bank credit rose 14.2% y-o-y for the fortnight ended July 12, 2013, higher than 13.7% recorded for the same fortnight in June 14, 2013; deposit growth stood at 13.7% for the fortnight ended July 12, 2013 marginally higher than 13.6% for the same fortnight in June 14, However, the above growth numbers were below the 15% credit and 14% deposit growth projected by the RBI for the current financial year. Non-food bank credit stood at Rs lakh cr for the week ended July 12, 2013 compared to Rs lakh cr as on June 14, During the similar period, time deposit growth slowed to 12.3% y-o-y from 14.0%, while demand deposits grew by 13.9% as against 9.6% growth. (Data Source: in, CRISIL Fixed Income Database) Government Borrowings NEGATIVE NEUTRAL As per the Union budget estimates for FY14, the government is planning to borrow Rs 5.79 lakh cr (gross) and Rs 4.84 lakh cr (net), higher than Rs 5.70 lakh cr (gross) and Rs 4.67 lakh cr (net) for FY13. For FY14, the government has also made provision of Rs 1.45 lakh cr towards repayment of market loans, including Rs 50,000 cr for buyback/switching operations during The government has auctioned gilts worth Rs 1.97 lakh cr in the current fiscal until July 2013, which amounts to 34% of the total gross borrowing amount of Rs 5.79 lakh cr. (Data Source: CRISIL Fixed Income Database) Foreign Exchange NEGATIVE NEUTRAL The Indian rupee failed to stem the slide and ended at Rs per US dollar (USD) on July 31, 2013 compared with Rs per USD on June 28, 2013 as sentiment was dented after RBI kept interest rates on hold during its latest quarterly monetary policy and did not announce any additional steps to defend the currency. The rupee had started the month on a weak note, even breaching Rs. 61-a-dollar level (intraday on July 8, 2013) as positive US job data fuelled concerns that the US Federal Reserve may begin winding up its asset purchase programme as early as September Persistent demand for the dollar from oil importers also kept the rupee under pressure. However, a fall in the rupee was capped by a series of liquidity tightening measures taken by RBI to curb the sharp depreciation of the domestic currency. Some gains were also seen after RBI and Securities Exchange Board of India (SEBI) Fixed Income Market Outlook tightened norms for derivatives trading in the currency market to arrest the fall of the rupee. (Data Source: RBI Policy NEGATIVE NEUTRAL Post measures taken by RBI to control INR weakness, as expected RBI kept the repo rates unchanged in its first quarter monetary policy review on July 30, 2013 at 7.25%. Consequently, the reverse repo rate was unchanged at 6.25%, the MSF rate and the bank rate at 10.25%. RBI also left the CRR of scheduled banks unchanged at 4% of their net demand and time liabilities. The central bank said that stance behind maintaining status quo was to address the heightened risks to macroeconomic stability from the external sector imbalances, though both inflation and growth are slowing down. Further, RBI stated that the liquidity measures would be rolled back in a calibrated manner once the rupee stabilises. (Data Source: Market Sentiment Longer Term Rates Indian government bond prices declined in July 2013 sharply pursuant to the liquidity-tightening measures adopted by RBI to stem the downfall in the rupee. Worries that the central bank would initiate more such measures at its policy review held in the last week of the month also dragged down gilt prices in the month; RBI maintaining status quo on its rates and not unveiling any more measures at its policy review, however, soothed nerves in the market. Among global factors, rise in global crude oil prices, which could impact India s inflation and thus RBI s monetary policy, pushed gilt prices down. Further, positive economic data in US, which could add to US Fed s resolve to reduce stimulus measures in the country and lead to flight of foreign capital from India, also led to drop in gilt prices during the month. Yield on the 10-year benchmark paper 7.16%, 2023 ended at 8.17% on July 31, 2013, compared with 7.44% on June 28, (Data Source: Further fall in gilt prices was capped due to recovery in the rupee after RBI took steps to curb volatility in the foreign exchange market. Prices were also supported by US Fed chairman s remarks that indicated that any reversal of QE programme was dependent on upcoming US data. Some buying was also witnessed as the SEBI sold the entire limit of Rs. 23,661 cr for foreign institutional investment in gilts, indicating strong demand. Prices rose further after RBI sold only a small fraction of the notified amount of gilts through its bond sale under its open market operations (OMOs) and after it rejected all bids at its Rs.12,000 cr. treasury bills sale.(data Source : Reuters) Short-Term Rates Short-term rates surged during the month as RBI announced liquidity tightening measures to curb fall in the domestic currency. The three-month certificate of deposit ended higher 11.18% on July 31, 2013 as compared with 7.86% on June 28, 2013, while the three-month commercial papers ended at 12.17% on July 31, 2013 as compared with 8.36% on June 28, (Data Source: FIMMDA) Outlook RBI may exit its recent monetary measures in early part of H2FY14 when the rupee is likely to stabilise as the impact of measures taken by central bank are fully felt. The government also has the option of mobilizing dollar deposits through Sovereign/Quasi Sovereign bond issuances which may narrow the Current Account Deficit and stabilize the INR. Inflation is expected to close the FY at 4.50%-4.75% due to the recent measures by the central bank to hike short term rates and squeeze liquidity in the system. In a nutshell the measures taken by RBI are seen as temporary once these measures are rolled back, interest rates may again start trending downwards. Further with growth slowing and inflation coming off, RBI would have room to ease Interest rates once the CAD and INR comes under control. Product Recommendations We believe current market conditions are likely to benefit investments in duration funds like Income & Gilt Funds with 24 months and above indicative horizon. With short term rates also high, investors can also seek to benefit from accrual income from investments in ICICI Prudential Regular Savings Fund, ICICI Prudential Corporate Bond Fund and ICICI Prudential Short Term Plan. For investors who are looking for a balance between reasonable accrual and capital appreciation can consider to invest in ICICI Prudential Dynamic Bond Fund with an indicative investment horizon of 12 months and above. Note : None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the Investors are requested to consult their financial advisors before investing. 4

5 INDEX Fund Name Brief Description Page No. ICICI Prudential Dynamic Plan Conservative Flexi-cap Opportunities Fund 6 ICICI Prudential Focused Bluechip Equity Fund Focused Large Cap Fund 7 ICICI Prudential Discovery Fund Diversified Value Style Investing Fund 8 ICICI Prudential Infrastructure Fund Thematic Fund encompassing Infrastructure 9 ICICI Prudential Tax Plan Open Ended Equity Linked Savings Scheme 10 ICICI Prudential Top 100 Fund Diversified Large Cap Oriented Fund 11 ICICI Prudential Top 200 Fund Blend of Large & Mid Cap Equity 12 ICICI Prudential US Bluechip Equity Fund International Equity Scheme investing in Companies listed on the US Stock Markets 13 ICICI Prudential Indo Asia Equity Fund Blend of Indian & Asian Equities (through an International Fund) Fund 14 ICICI Prudential Midcap Fund Diversified Mid-Cap Oriented Fund 15 ICICI Prudential Target Returns Fund (Open Ended Diversified Equity Fund. There is no guarantee or assurance Large Cap Oriented Fund based on Asset Allocation Trigger of returns.) 16 ICICI Prudential Services Industries Fund Services Industry Oriented Thematic Fund 17 ICICI Prudential Banking & Financial Services Fund Banking & Financial Services Sector Oriented Fund 18 ICICI Prudential Technology Fund Technology Sector Oriented Fund 19 ICICI Prudential FMCG Fund FMCG Sector Oriented Fund 20 ICICI Prudential Child Care Plan (Gift) Diversified Very Long Term Child Benefit Oriented Plan 21 ICICI Prudential Index Fund Nifty Index Fund 22 ICICI Prudential Nifty Junior Index Fund Index Fund 23 SENSEX Prudential ICICI Exchange Traded Fund Exchange Traded Sensex Fund 24 ICICI Prudential Nifty ETF Exchange Traded Nifty Fund 25 ICICI Prudential R.I.G.H.T (Rewards of investing & Closed Ended ELSS generation of healthy tax savings) Fund 26 ICICI Prudential Blended Plan - Plan A Equity Arbitrage Fund 27 ICICI Prudential Equity - Volatility Advantage Fund (Erstwhile ICICI Prudential Equity & Derivatives Fund Volatility Volatility Management Equity Oriented Fund 28 Advantage Plan) ICICI Prudential Equity - Arbitrage Fund (Erstwhile ICICI Equity Arbitrage Fund Prudential Equity & Derivatives Fund Income Optimiser Plan) 29 ICICI Prudential Balanced Fund Balanced Fund 30 ICICI Prudential Child Care Plan (Study) Child Benefit Oriented Plan 31 ICICI Prudential MIP 25 (An open ended Income fund. Monthly income is not assured and is subject to the availability Hybrid Fund with maximum 30% in Equity 32 of distributable surplus.) ICICI Prudential Monthly Income Plan (An open ended fund. Monthly income is not assured and is subject to the availability Hybrid Fund with maximum 15% in Equity 33 of distributable surplus.) ICICI Prudential MIP 5 (An open ended fund. Monthly income is not assured and is subject to the availability of distributable Hybrid Fund with maximum 10% in Equity surplus.) 34 ICICI Prudential Money Market Fund Open Ended Money Market Fund 35 ICICI Prudential Liquid Plan Open Ended Money Market Fund 36 ICICI Prudential Flexible Income Plan Conservative Ultra Short Term Income Fund 37 ICICI Prudential Floating Rate Plan Ultra Short Term Income Fund 38 ICICI Prudential Blended Plan - Plan B Debt Oriented Fund 39 ICICI Prudential Banking & PSU Debt Fund Ultra Short Term Income Fund predominantly investing in Banking & PSU Debt 40 ICICI Prudential Ultra Short Term Plan Aggressive Ultra Short Term Income Fund 41 ICICI Prudential Short Term Plan Short Term Income Fund 42 ICICI Prudential Long Term Plan Short Term Income Fund 43 ICICI Prudential Regular Savings Fund Retail Debt Savings Fund 44 ICICI Prudential Corporate Bond Fund Medium Term Income Fund 45 ICICI Prudential Income Opportunities Fund Long Term Income Fund 46 ICICI Prudential Income Plan Long Term Income Fund 47 ICICI Prudential Dynamic Bond Fund Actively Managed Medium Term Income Fund 48 ICICI Prudential Short Term Gilt Fund (Erstwhile ICICI Prudential Gilt Fund Treasury Plan) Short Term Gilt Fund 49 ICICI Prudential Long Term Gilt Fund (Erstwhile ICICI Prudential Gilt Fund Investment Plan) Medium to Long Term Gilt Fund 50 ICICI Prudential Gilt Fund Treasury Plan PF Option Short Term Gilt Fund 51 ICICI Prudential Gilt Fund Investment Plan PF Option Medium to Long Term Gilt Fund 52 ICICI Prudential Gold Exchange Traded Fund Gold Exchange Traded Fund 53 ICICI Prudential Regular Gold Savings Fund Open Ended Fund of Funds Scheme investing in Gold ETF 54 ICICI Prudential Fixed Maturity Plans Fixed Maturity Plans ICICI Prudential Interval Funds Interval Funds ICICI Prudential Multiple Yield Fund Close ended Debt Fund ICICI Prudential Capital Protection Oriented Fund Close ended Capital Protection Oriented Fund ICICI Prudential Advisor Series Fund of Funds Scheme Annexure for Returns of all the Schemes Systematic Investment Plan () Performance of Select Schemes Annexure - I 108 Annexure - II 109 Dividend History for all Schemes Statutory Details & Risk Factors 119 5

6 ICICI Prudential Dynamic Plan Open Ended Diversified Equity Fund This Product is suitable for investors who are seeking*: Long term wealth creation solution A diversified equity fund that aims for growth by investing in equity and equity related securities and in debt and money market instruments for defensive considerations. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Style Box Fund Details Fund Managers** : Sankaran Naren (Managing this fund since Feb, 2012 & Overall 22 years of experience in Fund Management, Equity Research,Operations etc.) Mittul Kalawadia (Managing this fund since Feb, 2012 & Overall 7 years of experience of which 4 years as equity analyst) Indicative Investment Horizon: 5 years and above Inception date: AAUM as on 30-Jun-13 : Rs crores Regular Plan Growth Option : Regular Plan Dividend Option : Direct Plan Growth Option : Direct Plan Dividend Option : Plans : Regular & Direct Options : Growth & Dividend Default Plan: Direct Plan (for application without any distributor code), Regular Plan (for application with distributor code). Default Option : Growth Application Amount for fresh Subscription : Rs.5,000 (plus in multiples of Re.1) Min.Addl.Investment : Rs.1,000 (plus in multiples of Re.1) Exit load for Redemption / Switch out :- Lumpsum & / STP / SWP Investment Option Upto 12 Months from allotment - 1% of applicable NAV, more than 12 Months - Nil (w.e.f May 07, 2013) : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re1/- STP : STP In : Available Min.Redemption Amt. : Rs.500 & in multiples thereof Particulars Returns of Regular Plan - Growth Option as on Jun 30, 2013 June 30, 2012 to June 30, 2013 Absolute Returns (%) June 30, 2011 to June 30, 2012 Absolute Returns (%) June 30, 2010 to June 30, 2011 Absolute Returns (%) Since inception Current Value of Investment of Rs HIGH RISK (BROWN) CAGR (%) Scheme CNX NIFTY Index NAV (Rs.) Per Unit (as on June 28,2013 : ) Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:31-oct-02. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX NIFTY Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by Mr. Sankaran Naren is 2 and Mr. Mittul Kalawadia is 2. Refer annexure on page no. 102 for performance of schemes currently managed by fund managers. Company/Issuer % to % to NAV NAV Derivatives Auto 1.54% -2.35% Tata Motors Ltd. - DVR 1.06% Tata Motors Ltd.-Futures -2.35% Maruti Suzuki India Ltd. 0.48% Auto Ancillaries 1.49% Balkrishna Industries Ltd. 0.94% Motherson Sumi Systems Ltd. 0.55% Banks 16.18% Standard Chartered PLC - IDR 4.74% ICICI Bank Ltd. 4.29% Bank Of Baroda 2.99% State Bank Of India 1.93% HDFC Bank Ltd. 1.59% Union Bank Of India 0.41% Allahabad Bank 0.23% Cement 1.75% Grasim Industries Ltd. 1.01% Birla Corporation Ltd. 0.74% Construction 0.45% Puravankara Projects Ltd. 0.26% Texmaco Infrastructure & Holdings Ltd. 0.19% Construction Project ^ Sadbhav Engineering Ltd. ^ Consumer Durables 0.08% Blue Star Ltd. 0.08% Ferrous Metals 0.63% Tata Steel Ltd. 0.40% Usha Martin Ltd. 0.23% Fertilisers 1.09% Coromandel International Ltd. 0.81% Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 0.28% Finance 1.05% Max India Ltd. 0.48% Power Finance Corporation Ltd. 0.36% Kalyani Investment Co Ltd. 0.20% Gas 1.91% Petronet LNG Ltd. 1.78% Gujarat State Petronet Ltd. 0.13% Industrial Capital Goods 0.50% Texmaco Rail & Engineering Ltd. 0.36% Gujarat Apollo Inds. Ltd. 0.14% Industrial Products 0.19% Sintex Industries Ltd. 0.10% Electrosteel Castings Ltd. 0.09% Media & Entertainment 0.86% Jagran Prakashan Ltd. 0.45% Prime Focus Ltd. 0.41% Minerals/Mining 7.47% NMDC Ltd. 6.03% Coal India Ltd. 1.44% Non - Ferrous Metals 3.28% Sterlite Industries (India) Ltd. 2.65% Portfolio as on July 31,2013 Company/Issuer % to % to NAV NAV Derivatives Hindustan Zinc Ltd. 0.63% Oil 9.97% Cairn India Ltd. 9.97% Pesticides 1.97% United Phosphorus Ltd. 1.97% Petroleum Products 2.60% Reliance Industries Ltd. 2.20% Bharat Petroleum Corporation Ltd. 0.39% Pharmaceuticals 6.10% Dr Reddy s Laboratories Ltd. 1.95% Cipla Ltd. 1.69% Cadila Healthcare Ltd. 1.03% Divis Laboratories Ltd. 1.00% Ranbaxy Laboratories Ltd. 0.42% Power 5.67% Power Grid Corporation Of India Ltd. 4.13% SJVN Ltd. 1.04% Kalpataru Power Transmission Ltd. 0.51% Services 2.20% Aditya Birla Nuvo Ltd. 2.20% Software 11.17% Infosys Ltd. 4.45% Tech Mahindra Ltd. 2.56% Infotech Enterprises Ltd. 1.63% Hexaware Technologies Ltd. 1.43% Info Edge (India) Ltd. 0.39% Mindtree Ltd. 0.37% Oracle Financial Services Software Ltd. 0.34% Telecom - Services 6.37% Bharti Airtel Ltd. 4.48% Tata Communications Ltd. 1.89% Textile Products 0.19% Siyaram Silk Mills Ltd. 0.19% Textiles - Cotton 0.54% Vardhman Textiles Ltd. 0.54% Textiles - Synthetic 0.50% JBF Industries Ltd. 0.50% Trading 0.42% Redington (India) Ltd. 0.42% Transportation 1.71% Great Eastern Shipping Company Ltd. 1.63% ABG Infralogitics Ltd. 0.09% Index Futures/Options -0.77% S&P Bse Bankex-Futures 1.47% CNX Nifty Index-Futures -2.23% Short Term Debt and other current assets 14.18% FOREIGN EQUITY 1.03% Banks 1.03% Standard Chartered PLC 1.03% Total Net Assets % Top Ten Holdings Derivatives are considered at exposure value. ^Value less than 0.01% Quantitative Indicators Average P/E : Average P/BV : 1.95 Average Dividend Yield : 2.47 Annual Portfolio Turnover Ratio : 1.16 times Std Dev (Annualised) : 15.82% Sharpe Ratio : Portfolio Beta : 0.79 R squared : 0.90 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of %. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Atul Patel. 6

7 ICICI Prudential Focused Bluechip Equity Fund Open Ended Equity Scheme This Product is suitable for investors who are seeking*: Long term wealth creation solution A focused large cap equity fund that aims for growth by investing in companies belonging to large cap domain. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Style Box Returns of Regular Plan - Growth Option as on Jun 30, 2013 HIGH RISK (BROWN) Particulars June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs CAGR (%) Fund Details Fund Managers** : Manish Gunwani (Managing this fund from Jan 2012 & Overall 16 years of experience of which 8 years in Equity Research and 2 years in fund management) Indicative Investment Horizon: 5 years and above Inception date: AAUM as on 30-Jun-13: Rs crores Regular Plan Growth Option : Regular Plan Dividend Option : Direct Plan Growth Option : Direct Plan Dividend Option : Plans : Regular & Direct Options : Growth & Dividend Default Plan: Direct Plan (for application without any distributor code), Regular Plan (for application with distributor code). Default Option : Growth Application Amount for fresh Subscription : Rs.5,000 (plus in multiples of Re.1) Min.Addl.Investment : Rs.1,000 (plus in multiples of Re.1) Exit load for Redemption / Switch out :- Lumpsum & / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Rs.500 and in multiples of Re. 1/- STP : STP In : Available Min.Redemption Amt. : Rs. 500 and in multiples of Re. 1/- Scheme CNX NIFTY Index NAV (Rs.) Per Unit (as on June 28,2013 : 18.01) Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception: 23-May-08. Performance of dividend option would be Net of Dividend distribution tax, if any.benchmark is CNX NIFTY Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 4. Refer annexure on page no. 102 for performance of schemes currently managed by Mr. Manish Gunwani (fund manager). Auto 6.05% Tata Motors Ltd. - DVR 2.22% Maruti Suzuki India Ltd. 1.93% Bajaj Auto Ltd. 1.89% Auto Ancillaries 4.72% Motherson Sumi Systems Ltd. 4.72% Banks 23.23% HDFC Bank Ltd. 8.31% ICICI Bank Ltd. 6.51% Kotak Mahindra Bank Ltd. 5.75% State Bank Of India 2.67% Cement 1.89% Grasim Industries Ltd. 1.89% Construction Project 0.99% Larsen & Toubro Ltd. 0.99% Consumer Non Durables 9.49% ITC Ltd. 7.25% Nestle India Ltd. 2.24% Finance 1.73% Mahindra & Mahindra Financial Services Ltd. 1.21% Power Finance Corporation Ltd. 0.52% Gas 2.40% Petronet LNG Ltd. 2.40% Minerals/Mining 1.55% NMDC Ltd. 1.55% Non - Ferrous Metals 2.38% Hindustan Zinc Ltd. 2.38% Oil 4.73% Cairn India Ltd. 2.88% Oil & Natural Gas Corporation Ltd. 1.85% Petroleum Products 4.99% Reliance Industries Ltd. 3.60% Portfolio as on July 31,2013 Company/Issuer % to NAV Company/Issuer % to NAV Hindustan Petroleum Corporation Ltd. 1.39% Pharmaceuticals 6.69% Dr Reddy s Laboratories Ltd. 2.61% Cipla Ltd. 2.05% Lupin Ltd. 2.03% Power 2.50% Power Grid Corporation Of India Ltd. 2.50% Services 3.46% Aditya Birla Nuvo Ltd. 3.46% Software 14.45% Infosys Ltd. 6.30% Tech Mahindra Ltd. 4.57% Oracle Financial Services Software Ltd. 1.90% HCL Technologies Ltd. 1.69% Telecom - Services 2.73% Bharti Airtel Ltd. 2.73% Short Term Debt and other current assets 6.02% Total Net Assets % Top Ten Holdings Quantitative Indicators Average P/E : Average P/BV : 4.12 Average Dividend Yield : 1.45 Annual Portfolio Turnover Ratio : 0.74 times Std Dev (Annualised) : 16.76% Sharpe Ratio : Portfolio Beta : 0.87 R squared : 0.97 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of %. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Atul Patel. 7

8 ICICI Prudential Discovery Fund Open Ended Diversified Equity Scheme This Product is suitable for investors who are seeking*: Long term wealth creation solution A diversified equity fund that aims to generate returns through a combination of dividend income and capital appreciation by primarily investing in value stocks. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Style Box Returns of Regular Plan - Growth Option as on Jun 30, 2013 HIGH RISK (BROWN) Particulars June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs CAGR (%) Scheme Benchmark Fund Details Fund Managers** : Mrinal Singh (Managing this fund since Feb 2011 & Overall 11 years experience of which 5 years in Equity Markets) Indicative Investment Horizon: 5 years and above Inception date: AAUM as on 30-Jun-13: Rs crores Regular Plan Growth Option : Regular Plan Dividend Option : Direct Plan Growth Option : Direct Plan Dividend Option : Plans : Regular & Direct Options : Growth & Dividend Default Plan: Direct Plan (for application without any distributor code), Regular Plan (for application with distributor code). Default Option : Growth Application Amount for fresh Subscription : Rs.5,000 (plus in multiples of Re.1) Min.Addl.Investment : Rs.1,000 (plus in multiples of Re.1) Exit load for Redemption / Switch out :- Lumpsum & / STP / SWP Investment Option Upto 12 Months from allotment - 1% of applicable NAV, more than 12 Months - Nil (w.e.f May 07, 2013) : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re.1/- STP : STP In : Available Min.Redemption Amt. : Rs.500 & in multiples thereof CNX NIFTY Index NAV (Rs.) Per Unit (as on June 28,2013 : 51.23) Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:16-aug-04. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX Midcap Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 4 (Includes FoF Schemes). Refer annexure on page no. 102 for performance of schemes currently managed by Mr. Mrinal Singh (fund manager). Portfolio as on July 31,2013 Company/Issuer % to NAV Company/Issuer % to NAV Auto Ancillaries 7.64% Amara Raja Batteries Ltd. 3.18% Exide Industries Ltd. 2.71% Balkrishna Industries Ltd. 1.76% Banks 12.41% ICICI Bank Ltd. 2.56% State Bank Of India 2.10% ING Vysya Bank Ltd. 2.05% Allahabad Bank 1.85% Union Bank Of India 1.53% Karur Vysya Bank Ltd. 1.52% City Union Bank Ltd. 0.69% Oriental Bank Of Commerce 0.11% Cement 2.16% Birla Corporation Ltd. 1.01% Prism Cement Ltd. 0.66% Orient Cement Ltd. 0.50% Chemicals 1.77% Rain Industries Ltd. 1.77% Construction 0.10% BL Kashyap & Sons Ltd. 0.10% Construction Project 2.86% Voltas Ltd. 1.44% Sadbhav Engineering Ltd. 1.42% Consumer Durables 1.07% Blue Star Ltd. 1.07% Consumer Non Durables 0.88% Balrampur Chini Mills Ltd. 0.88% Diversified Consumer Services 0.21% Career Point Ltd. 0.21% Ferrous Metals 4.09% Jindal Steel & Power Ltd. 2.92% Usha Martin Ltd. 0.66% Godawari Power & Ispat Ltd. 0.52% Fertilisers 0.30% Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 0.30% Finance 5.55% Max India Ltd. 2.29% Bajaj Holdings & Investment Ltd. 2.03% Power Finance Corporation Ltd. 0.80% IDFC Ltd. 0.40% Kalyani Investment Co Ltd. 0.03% Gas 4.62% GAIL (India) Ltd. 2.16% Petronet LNG Ltd. 1.65% Gujarat State Petronet Ltd. 0.81% Industrial Capital Goods 3.77% Bharat Heavy Electricals Ltd. 1.92% Bharat Electronics Ltd. 0.68% Voltamp Transformers Ltd. 0.60% Texmaco Rail & Engineering Ltd. 0.35% Elecon Engineering Company Ltd. 0.23% Industrial Products 2.29% Bharat Forge Ltd. 1.21% Timken India Ltd. 0.62% Sintex Industries Ltd. 0.31% MM Forgings Ltd. 0.15% Minerals/Mining 2.00% NMDC Ltd. 2.00% Non - Ferrous Metals 3.01% Sterlite Industries (India) Ltd. 3.01% Oil 2.17% Cairn India Ltd. 2.17% Paper 0.45% Tamil Nadu Newsprint & Papers Ltd. 0.28% Ballarpur Industries Ltd. 0.17% Pesticides 3.83% PI Industries Ltd. 2.13% United Phosphorus Ltd. 1.69% Petroleum Products 2.99% Reliance Industries Ltd. 2.50% Hindustan Petroleum Corporation Ltd. 0.28% Indian Oil Corporation Ltd. 0.21% Pharmaceuticals 6.82% Natco Pharma Ltd. 2.50% Piramal Enterprises Ltd. 1.75% Torrent Pharmaceuticals Ltd. 1.70% Aurobindo Pharma Ltd. 0.55% FDC Ltd. 0.33% Power 0.33% Kalpataru Power Transmission Ltd. 0.33% Software 8.69% Mindtree Ltd. 2.83% Oracle Financial Services Software Ltd. 2.11% eclerx Services Ltd. 1.66% Persistent Systems Ltd. 1.38% Infotech Enterprises Ltd. 0.44% Nucleus Software Exports Ltd. 0.26% Telecom - Services 4.51% Bharti Airtel Ltd. 4.51% Textile Products 0.16% Siyaram Silk Mills Ltd. 0.16% Textiles - Cotton 1.40% Vardhman Textiles Ltd. 1.40% Transportation 4.99% Great Eastern Shipping Company Ltd. 2.17% Gujarat Pipavav Port Ltd. 1.96% Container Corporation Of India Ltd. 0.87% Short Term Debt and other current assets 8.92% Total Net Assets % Top Ten Holdings Quantitative Indicators Average P/E : Average P/BV : 1.72 Average Dividend Yield : 2.41 Annual Portfolio Turnover Ratio : 0.44 times Std Dev (Annualised) : 17.42% Sharpe Ratio : Portfolio Beta : 0.75 R squared : 0.88 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of %. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Atul Patel. 8

9 ICICI Prudential Infrastructure Fund Open Ended Equity Fund This Product is suitable for investors who are seeking*: Long term wealth creation solution An equity fund that aims for growth by primarily investing in securities of companies belonging to infrastructure and allied sectors. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Fund Details Fund Managers** : Yogesh Bhatt (Managing this fund since Feb, 2012 & Overall 21 years of experience of which 15 years as Equity dealer and 6 years in Fund Management) Indicative Investment Horizon: 5 years and above Inception date: AAUM as on 30-Jun-13: Rs crores Regular Plan Growth Option : Regular Plan Dividend Option : Direct Plan Growth Option : Direct Plan Dividend Option : Plans : Regular & Direct Options : Growth & Dividend Default Plan: Direct Plan (for application without any distributor code), Regular Plan (for application with distributor code). Default Option : Growth Application Amount for fresh Subscription : Rs.5,000 (plus in multiples of Re.1) Min.Addl. Investment : Rs.1,000 (plus in multiples of Re.1) Exit load for Redemption / Switch out :- Lumpsum & / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re.1/- STP : STP In : Available Style Box Min.Redemption Amt. : Rs.500 & in multiples thereof Particulars Returns of Regular Plan - Growth Option as on Jun 30, 2013 June 30, 2012 to June 30, 2013 Absolute Returns (%) June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs Since inception HIGH RISK (BROWN) CAGR (%) Scheme Benchmark CNX NIFTY Index NAV (Rs.) Per Unit (as on June 28,2013 : 23.62) Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:31-aug-05. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX Infrastructure Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 6. Refer annexure on page no. 102 for performance of schemes currently managed by Mr. Yogesh Bhatt (fund manager). Company/Issuer % to % to NAV NAV Derivatives Banks 20.51% State Bank Of India 6.03% ICICI Bank Ltd. 5.82% HDFC Bank Ltd. 5.27% ING Vysya Bank Ltd. 1.74% Bank Of Baroda 1.66% Cement 4.18% Birla Corporation Ltd. 1.94% Grasim Industries Ltd. 1.29% Orient Cement Ltd. 0.94% Construction Project 7.70% Larsen & Toubro Ltd. 5.43% Sadbhav Engineering Ltd. 1.22% Voltas Ltd. 0.63% Techno Electric & Engineering Co Ltd. 0.43% Consumer Durables 0.29% Blue Star Ltd. 0.29% Ferrous Metals 1.54% Usha Martin Ltd. 1.31% Electrosteel Steels Ltd. 0.23% Industrial Capital Goods 3.51% 1.88% Crompton Greaves Ltd. 1.40% Texmaco Rail & Engineering Ltd. 1.06% Bharat Heavy Electricals Ltd. 1.05% Bharat Heavy Electricals Ltd.-Futures 1.88% Industrial Products 1.56% Cummins India Ltd. 1.32% Electrosteel Castings Ltd. 0.24% Minerals/Mining 4.14% NMDC Ltd. 4.14% Non - Ferrous Metals 6.60% Sterlite Industries (India) Ltd. 3.45% Hindustan Zinc Ltd. 3.16% Oil 2.57% Portfolio as on July 31,2013 Company/Issuer % to % to NAV NAV Derivatives Cairn India Ltd. 1.50% Oil India Ltd. 1.07% Petroleum Products 5.79% Reliance Industries Ltd. 3.86% Hindustan Petroleum Corporation Ltd. 1.93% Power 14.52% Tata Power Company Ltd. 3.82% NTPC Ltd. 3.67% SJVN Ltd. 3.48% Kalpataru Power Transmission Ltd. 2.27% Power Grid Corporation Of India Ltd. 1.28% Telecom - Equipment & Accessories 0.49% Bharti Infratel Ltd. 0.49% Telecom - Services 15.11% Bharti Airtel Ltd % Idea Cellular Ltd. 2.32% Transportation 6.81% Great Eastern Shipping Company Ltd. 2.79% Gujarat Pipavav Port Ltd. 2.18% Adani Ports and Special Economic Zone Ltd. 1.04% Container Corporation Of India Ltd. 0.81% Short Term Debt and other current assets 2.80% Total Net Assets % Top Ten Holdings Derivatives are considered at exposure value. Quantitative Indicators Average P/E : Average P/BV : 1.68 Average Dividend Yield : 2.26 Annual Portfolio Turnover Ratio : 0.43 times Std Dev (Annualised) : 19.82% Sharpe Ratio : Portfolio Beta : 0.74 R squared : 0.90 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of %. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Atul Patel. 9

10 ICICI Prudential Tax Plan Open Ended Equity Linked Saving Scheme This Product is suitable for investors who are seeking*: Long term wealth creation solution An Equity Linked Savings Scheme that aims to generate capital long term capital appreciation by primarily investing in equity and related securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. HIGH RISK (BROWN) Style Box Returns of Regular Plan - Growth Option as on Jun 30, 2013 Particulars June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception 51% Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs CAGR (%) Fund Details Fund Managers** : Chintan Haria (Managing this fund since May & Overall 8 years of experience of which 4 years as Equity dealer and 3 years as Fund Manager) Indicative Investment Horizon: 5 years and above Inception date: AAUM as on 30-Jun-13: Rs crores Regular Plan Growth Option : Regular Plan Dividend Option : Direct Plan Growth Option : Direct Plan Dividend Option : Plans : Regular & Direct Options : Growth & Dividend Default Plan: Direct Plan (for application without any distributor code), Regular Plan (for application with distributor code). Default Option : Growth Application Amount for fresh Subscription : Rs.500 (plus in multiples of Re.1) Min.Addl.Investment : Rs.500 & in multiples thereof Exit load for Redemption / Switch out :- Lumpsum & / STP Investment Option Nil : Monthly : Minimum of Rs.500 or multiples thereof & 5 post - dated cheques for a minimum of Rs.500/- for a block of 5 months in advance Quarterly : Minimum Rs post - dated cheques of Rs. 5000/- each. SWP : Not Available STP : Minimum Amount Rs. 1,000/- Maximum Period: 10 years : STP In : Available Min.Redemption Amt. : Rs.500 & in multiples thereof Scheme Benchmark CNX NIFTY Index NAV (Rs.) Per Unit (as on June 28,2013 : ) Company/Issuer % to NAV Auto 1.92% Maruti Suzuki India Ltd. 1.00% VST Tillers Tractors Ltd. 0.91% Banks 14.09% ICICI Bank Ltd. 3.91% HDFC Bank Ltd. 3.49% State Bank Of India 2.39% Bank Of Baroda 1.27% Allahabad Bank 1.23% Oriental Bank Of Commerce 1.00% Axis Bank Ltd. 0.78% Chemicals 0.95% Styrolution ABS (India) Ltd. 0.95% Commercial Services 1.51% Nesco Ltd. 1.51% Construction 1.22% Oberoi Realty Ltd. 0.72% Texmaco Infrastructure & Holdings Ltd. 0.39% Puravankara Projects Ltd. 0.12% Construction Project 1.12% Voltas Ltd. 1.12% Consumer Durables 2.17% Blue Star Ltd. 1.19% HSIL Ltd. 0.98% Consumer Non Durables 0.84% Balrampur Chini Mills Ltd. 0.84% Ferrous Metals 1.83% MOIL Ltd. 1.02% Tata Steel Ltd. 0.82% Finance 2.61% Max India Ltd. 0.95% IDFC Ltd. 0.83% Power Finance Corporation Ltd. 0.73% Kalyani Investment Co Ltd. 0.10% Gas 3.33% Petronet LNG Ltd. 1.97% Gujarat State Petronet Ltd. 1.36% Industrial Capital Goods 2.61% Bharat Heavy Electricals Ltd. 1.41% Texmaco Rail & Engineering Ltd. 1.20% Industrial Products 2.54% Polyplex Corporation Ltd. 1.72% Sintex Industries Ltd. 0.54% MM Forgings Ltd. 0.28% Media & Entertainment 0.41% Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:19-aug-99. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX 500 Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 2. Refer annexure on page no. 102 for performance of schemes currently managed by Mr.Chintan Haria (fund manager). Portfolio as on July 31,2013 Company/Issuer % to NAV Prime Focus Ltd. 0.41% Minerals/Mining 5.53% NMDC Ltd. 5.53% Non - Ferrous Metals 4.73% Hindustan Zinc Ltd. 3.26% Sterlite Industries (India) Ltd. 1.47% Oil 7.52% Cairn India Ltd. 6.88% Oil & Natural Gas Corporation Ltd. 0.64% Petroleum Products 6.48% Reliance Industries Ltd. 3.99% Bharat Petroleum Corporation Ltd. 1.64% Hindustan Petroleum Corporation Ltd. 0.84% Pharmaceuticals 11.54% Cipla Ltd. 3.34% Divis Laboratories Ltd. 2.65% Cadila Healthcare Ltd. 1.88% FDC Ltd. 1.85% Torrent Pharmaceuticals Ltd. 0.92% Ranbaxy Laboratories Ltd. 0.91% Power 2.70% Power Grid Corporation Of India Ltd. 1.53% SJVN Ltd. 1.17% Software 15.69% Infosys Ltd. 4.72% Tech Mahindra Ltd. 3.54% Wipro Ltd. 3.48% Tata Consultancy Services Ltd. 1.79% Infotech Enterprises Ltd. 1.09% Oracle Financial Services Software Ltd. 1.09% Textiles - Cotton 0.42% Vardhman Textiles Ltd. 0.31% Precot Meridian Ltd. 0.11% Textiles - Synthetic 0.01% JBF Industries Ltd. 0.01% Transportation 1.21% Great Eastern Shipping Company Ltd. 1.21% Short Term Debt and other current assets 7.02% Total Net Assets % Top Ten Holdings Quantitative Indicators Average P/E : Average P/BV : 2.23 Average Dividend Yield : 2.63 Annual Portfolio Turnover Ratio : 2.42 times Std Dev (Annualised) : 17.82% Sharpe Ratio : Portfolio Beta : 0.92 R squared : 0.96 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of %. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Atul Patel. 10