FACTSHEET November, 2017 A small investment through a Systematic Investment Plan (SIP) with Essel Mutual can lead to security and wealth for your loved ones. You can start with just Rs. 500 per month and watch it grow. Millions of Indians have already benefited from SIP investments. Make sure you and your loved ones do not miss out. So go ahead, live your dream and help your family live theirs. Start your SIP today!
C L A S S R O O M S E R I E S How to make your Financial Plan In our last classroom series, Importance of Financial Planning, we discussed how financial planning can help you meet your short term, medium term and long term financial goals. In this series, we will discuss 6 key elements, or rather steps that go into making a good financial plan. Defining Goals: This is the first and also, one of the most important steps in financial planning. The more specific and quantitative your goals are the more effective will be your financial plan. An experienced financial planner or adviser can help you define the goals across your savings and investment lifecycle and determine the specific numbers you need to reach specific goals. Data Collection: The second step in the financial planning is to collect the data regarding the investor`s income, expenses, assets (both physical and financial like property, gold, bank deposits, stocks, bonds, mutual funds etc), liabilities (like home loan, car loan, personal loan etc), life and health insurance, and other important factors, that will form the inputs in the investor s financial plans. Financial planners or advisers may employ different methods to collect the data from the investors. Data Analysis: This is the third step of the financial planning process. The financial planner will review all the data collected from the client, e.g. investor s income, expenses, assets, liabilities, existing insurance policies (both life and nonlife insurance), number of family members, short term, medium term and long term financial goals. Through a structured financial analysis process, the financial planner will determine your asset allocation strategy and insurance (both life and health) needs to meet your financial objectives. As an investor, you should also involve yourself in this process, by scheduling reviews and making sure that you understand the analysis. Please feel free to share your feedback with us at mutualfund@esselfinance.com 2
Debt market comments for Factsheet of November 2017 Mr. Killol Pandya (Head Fixed Income) Liquidity: The month of November is usually associated with normal market liquidity. There was some tightening seen in liquidity towards the latter half of the month. Overnight rates remained volatile with CBLO rates ranging from about 6.35% to about 4.10%. Going forward, we expect the market liquidity to remain adequate though market sentiment may change as and when RBI announces further measures to temper liquidity. Inflation: CPI hardened to 3.58% (Vs. 3.28% last month). This was higher than market expectations. WPI inflation also hardened and printed at +3.59% (Vs. +2.6% last month) and was also higher than market expectations. The IIP print was softer at + 3.8% (Vs. +4.5% last month). As of now, we may retain the assumption that CPI may remain within RBIs projections. IIP numbers are usually patchy and if we see persistently strong reading in IIP numbers it may hint at a pick-up in industrial activity in the economy. INR: The INR was rather volatile with a mildly appreciative trend during the month against the USD. INR began the month at about 64.59(Vs USD) and ended the month at about 64.46. Part of this rise can be attributed to FPI buying in domestic markets. Going ahead, the currency may continue to exhibit some volatility. FPI flows, the global trajectory of the USD and other major currencies may continue to cause volatility in the INR in the coming weeks. Interest Rates and Outlook: Domestic bonds were broadly negative for the month of November. Bond markets remained concerned over inflation, impact of bank recapitalization bonds, fiscal deficit and rising crude oil prices. We saw a negative sentiment & negative moves in Gsec, Corp bonds and Money market instruments for most part of the month. Money market instruments continued to see volatility in yields and saw some hardening during the month. Gilt securities were volatile with negative moves for most part of the month though trading opportunities were available from time to time. The benchmark 10 year paper (6.79% GS 2027) yield range moved up from 6.89% at the beginning of November and ended the month at about 7.05% levels. bonds yields also saw volatility in yields and the movement was generally not as sharp as seen in select Gsecs as stated above. Market participants may keenly watch RBI MPCs policy announcement early in December. From the market perspective, the policy may remain broadly neutral with a hawkish undertone. RBI may remain concerned with the upside risks to inflation. We hold that managing inflation and inflationary expectations may remain RBI s top priority. RBI may continue to manage liquidity using all the tools it has at its disposal. We hold RBIs liquidity management may remain non-disruptive in the coming months. Overall, we reiterate our outlook that the RBI stance has shifted to neutral and may no longer be considered as having accommodative undertones. Market liquidity may continue to be the single biggest driver behind bond market movements in the month to come. Market participants shall closely monitor developments relating to bank recapitalization bonds, fiscal deficit, market liquidity, growth & inflation numbers. Other factors to watch include global indicators such as FOMC rate actions, commodities, crude oil prices, US and Chinese economic data points and INR movements. Global geopolitical events esp. the situation in the Korean peninsula may hold world attention in the coming month. We retain our outlook for the domestic economy doing well in the context of a world-wide slowdown. Going forward, we retain our view on domestic rates to be mildly positive with a medium term to long term perspective. 3
Equity Market Review for the month of November 2017 Domestic Markets After a positive October, November witnessed negative returns, with Sensex being down by 0.19% and NSE-50 being down by 1.05%. The S&P BSE midcap index was up by 1.99% while the S&P BSE small-cap index closed 3.57% up. In November, among BSE sector indices consumer durables and reality indices posted best positive returns up by 16.22% and 6.27% respectively. Metal sector posted highest negative returns of 5.62%. For the month, Rupee strengthened by 0.4% and closed at 64.59 against US dollar. Mr. Amit Nigam (Head - Equities) Domestic Macro Data In a major overhaul of GST, GST council reduced 28% rate to 18% for 178 common use items, reduced tax rate for all restaurants from 18%/12% (with input tax credit ITC ) to 5% (without ITC) and reduced compliance burden of SME sector by expanding the ambit of composition scheme. IIP for September came in at 3.8% YoY, vs 4.3% in last month. While mining and electricity slowed down, manufacturing was flat on monthly basis. Mining and electricity increased by 7.9% YoY and 3.4% YoY in September from 9.2% YoY and 8.3% YoY, respectively in August. Manufacturing growth was 3.4% YoY, flat MoM basis. Within manufacturing, the weakness in consumer durable goods space persisted and witnessed degrowth of 4.8% YoY vs 3.4% growth last month. Capital goods increased by 7.8% YoY vs 5.7% YoY growth in August. Consumer non-durables increased by 10% vs 7.3% growth last month. India WPI inflation in October came in at 3.59%, compared to 2.6% last month led by higher vegetable and oil prices. CPI for October came in at 3.58%, compared to 3.28% last month. Food CPI sprung a negative surprise increased by 2.2% from 1.7% in September. The MoM increase in vegetables was sharper than expected, 7.5% in October vs 3.9% in September. Excluding vegetables, headline CPI remained stable at 3.3%. Core inflation was 4.5% YoY, down 10 bps on MoM basis. India s trade deficit for October came in at USD 14 billion, from USD 9 billion in September. impacted by weaker exports and rise in oil and gold imports. The primary reason of higher trade deficit was the weaker export degrowth of 1%, a sharp decline from 26% growth in September and over 10% growth in August. Exports in October were USD 23.1 billion (September USD 28.6 billion). Imports at USD 37.1 billion, were by USD 0.5 billion on MoM basis. Gold imports were high at USD 2.9 billion (USD 1.7 billion in September). Oil imports were USD 9.3 billion vs USD 8.2 billion in September. Global Markets The European Central Bank took a step towards weaning the euro zone off lose money but promised years of stimulus and even left the door open to backtracking. It said it would cut its bond purchases in half from but also extend the buying program until the end of next September. ECB President Mario Draghi said the euro zone economy was recovering but still needed support. Outlook The GDP growth for the September quarter came in at 6.3% YoY up from 5.7% YoY in the previous quarter. This improvement came in line with our expectations. We have been of the opinion that the slowdown in June quarter was largely led by de-stocking, due to transitionary impact of GST wherein corporates and the distributor network considered it prudent to transit with as low stock as possible. We had therefore opined that the September quarter GDP growth should revert to somewhat normalcy as the entire trade channel stocks up. Subsequent quarters in our view should see a further pick up and we should be able to close FY18 with a similar GDP growth as previous year. However, what is more important is the fact that our economy is now on a journey of much improved growth trajectory in the years to come. We expect that with the structural change brought to the tax regime in our country, the tax to GDP ratio is set to improve over the next few years. This would ameliorate the perennial constraint on public spending towards infrastructure investments one of the much needed impetus to push Indian GDP growth to the aspirational 10%. The September quarter corporate earnings have also been better than expectations. In fact after several quarters, the downgrades to earnings growth over the next 6-18 months has been marginal a welcome sign. The valuations do continue to look expensive when one looks on historical basis as the previous 4 quarters bore the brunt of demonetization and GST implementation on company s profits. However the structural benefits as discussed above and subsequent pick up of earnings present a good opportunity to investors for the long term. We would advise our investors to use any volatility to increase allocations to equities. 4
ESSEL LIQUID FUND (an open ended liquid scheme) Portfolio Holdings Rating % of Net Assets CERTIFICATE OF DEPOSITS 21.92 Axis Bank Ltd CRISIL A1+ 8.77 South Indian Bank Ltd CARE A1+ 8.77 IndusInd Bank Ltd ICRA A1+ 4.38 COMMERCIAL PAPER 59.53 Cox & Kings Ltd CARE A1+ 7.16 Housing Development Finance Corporation Ltd ICRA A1+ 5.26 Gruh Finance Ltd ICRA A1+ 4.38 Indiabulls Housing Finance Ltd CRISIL A1+ 4.37 L&T Housing Finance Ltd CARE A1+ 4.37 Mahindra & Mahindra Financial Services CRISIL A1+ 4.37 L & T Finance Ltd CARE A1+ 4.37 Adani Enterprises BWR A1+ 4.36 Sadbhav Engineering Ltd CARE A1+ 4.36 SREI Equipment Finance Pvt Ltd ICRA A1+ 4.36 Aditya Birla Finance Ltd ICRA A1+ 4.34 National Bank for Agricultural & Rural Development CRISIL A1+ 4.34 Dewan Housing Finance Corp Ltd CRISIL A1+ 1.75 India Infoline Housing Finance Ltd CRISIL A1+ 0.87 Piramal Enterprises Ltd ICRA A1+ 0.87 FIXED DEPOSITS 0.18 HDFC Bank Ltd 0.18 CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/Cash/Cash Equivalent 18.37 To provide high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market & debt securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns. Performance as on November 30, 2017 Essel Liquid - Regular Growth CRISIL Liquid 1 Year Govt. T-Bill 1 year CAGR % 6.81% 6.62% 5.67% 3 year CAGR %* 7.69% 7.53% 7.24% 5 year CAGR % 8.36% 8.14% 7.21% Since Inception CAGR % 8.33% 7.89% 6.71% invested on Inception date (in `) was invested prior 1 year (in `) invested prior 3 year (in `) invested prior 5 year (in ` ) 18637.90 18057.86 16580.04 10680.79 10662.10 10566.71 12490.58 12435.09 12336.14 14944.03 14793.92 14167.95 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs)....0.06 Modified Duration (Yrs)..0.05 # TER - Reg (%). 0.22 # TER - Direct (%).....0.11 Portfolio Yield (%.. 6.50 # - Weighted average for the month Allotment 19th February 2010 Size `576.02 Crs ( AAUM for November, 2017) `569.60 Crs (AUM as on 30th November, 2017) Pattern Money Market Instruments:60% to 100% Debt Instruments: 0% to 40% Minimum Amount: `1,000/- and in multiples of `1 Benchmark : CRISIL Liquid Manager Mr. Vikram Pamnani: Total experience 8 years ( Managing this w.e.f. 30th April 2015) History () Scheme / Plan ESSEL LIQUID FUND- REGULAR PLAN ESSEL LIQUID FUND- DIRECT MONTHLY DIVI- DEND ESSEL LIQUID FUND- REGULAR PLAN ESSEL LIQUID FUND- DIRECT MONTHLY DIVI- DEND ESSEL LIQUID FUND- REGULAR PLAN ESSEL LIQUID FUND- DIRECT MONTHLY DIVI- DEND Net ( ` per unit) 24-Nov-17 3.55015012 3.28914615 1006.1753 24-Nov-17 3.61139821 3.34589133 1006.2601 27-Oct-17 3.51988721 3.26110814 1006.1334 27-Oct-17 3.57297370 3.31029176 1006.2069 29-Sep-17 4.61758586 4.27810493 1007.6532 29-Sep-17 4.70028522 4.35472430 1007.7677 Scheme Performance vis-a-vis Benchmark (%) Rating Profile (%) Net Asset Value (NAV) as on November 30, 2017 (in `) DAILY DIVIDEND 1001.2900 1001.2900 GROWTH 1863.7895 1871.4488 1002.3009 1002.3190 WEEKLY DIVIDEND 1000.9817 1000.9508 Maturity Profile % Weightage Below or equal to 91 days 81.63% CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/ Cash/Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September 2014. 18.37% *CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on November 30, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. 5
ESSEL ULTRA SHORT TERM FUND (an open ended debt scheme) Portfolio Holdings Rating % of Net Assets COMMERCIAL PAPER 22.33 L & T Finance Ltd ICRA A1+ 12.24 Cox & Kings Ltd CARE A1+ 10.09 NON-CONVERTIBLE DEBENTURE / ZCB 66.39 Export Import Bank of India CRISIL AAA 13.01 LIC Housing Finance Ltd CRISIL AAA 12.74 Power Finance Corporation Ltd CRISIL AAA 12.72 Housing Development Finance Corporation Ltd CRISIL AAA 10.20 Mahindra & Mahindra Financial Services IND AAA 10.10 Indian Railway Finance Corporation Ltd CRISIL AAA 7.62 CBLO (including TBILL held as Collateral)/Reverse arepo/net Current Assets/Cash/Cash Equivalent 11.28 To provide optimal returns & liquidity to the investors by investing primarily in a mix of money market & short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety & liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 19th February 2010 Pattern Money Market Instruments:70% to 100% Debt Instruments: 0% to 30% Size `40.69 Crs ( AAUM for November 2017) `39.42 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1 Benchmark : CRISIL Liquid Manager Mr. Killol Pandya : Total experience 18 years (Managing this w.e.f: 18th September 2015) Mr. Vikram Pamnani: Total experience 8 years. (Managing this w.e.f: 30th April 2015) Performance as on November 30, 2017 Essel Ultra Short Term - Regular Growth CRISIL Liquid 1 Year Govt. T-Bill 1 year CAGR % 6.13% 6.62% 5.67% 3 year CAGR % 7.33% 7.51% 7.23% 5 year CAGR % 8.05% 8.14% 7.21% Since Inception CAGR % 8.24% 7.89% 6.71% invested on Inception date (in `) invested prior 1 year (in `) invested prior 3 year (in `) invested prior 5 year (in `) 18518.98 18057.86 16580.04 10612.59 10662.10 10566.71 12372.74 12435.09 12336.14 14729.87 14793.92 14167.95 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs)..0.55 Modified Duration (Yrs).0.51 # TER - Reg (%)...0.85 # TER - Direct (%)...0.24 Portfolio Yield (%)......6.62 # - Weighted average for the month History () Scheme Net (` per unit) ESSEL ULTRA SHORT TERM FUND-REGULAR PLAN ESSEL ULTRA SHORT TERM FUND-DIRECT MONTHLY DIVIDEND 24-Nov-17 2.41761872 2.23987748 1004.3035 24-Nov-17 2.45853197 2.27778282 1021.3167 Scheme Performance vis-a-vis Benchmark (%) ESSEL ULTRA SHORT TERM FUND-REGULAR PLAN 27-Oct-17 3.62980966 3.36294918 1005.2955 ESSEL ULTRA SHORT TERM FUND-DIRECT MONTHLY DIVIDEND ESSEL ULTRA SHORT TERM FUND-REGULAR PLAN 27-Oct-17 3.68953985 3.41828806 1021.8549 29-Sep-17 3.62982931 3.36296739 1005.2986 ESSEL ULTRA SHORT TERM FUND-DIRECT MONTHLY DIVIDEND 29-Sep-17 3.68783474 3.41670830 1021.3802 Net Asset Value (NAV) as on November 30, 2017 (in `) Maturity Profile DAILY DIVIDEND 1005.4600 1006.6500 GROWTH 1851.8980 1901.7786 1001.8160 1018.8914 WEEKLY DIVIDEND 1003.8738 1004.6180 % Weightage Below 1 Year 78.62% Above 1 Year 10.10% CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/ Cash/Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Face Value changed from `10/- to `1000/- with effect from 21st September 2014. 11.28% Rating Profile (%) Please refer to page no 14 and 15 for statutory details *CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on November 30, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. 6
ESSEL SHORT TERM FUND (an open ended debt scheme) Portfolio Holdings Rating % of Net Assets COMMERCIAL PAPER 11.36 Cox & Kings Ltd CARE A1+ 5.69 Reliance Jio Infocomm Limited ICRA A1+ 5.67 NON-CONVERTIBLE DEBENTURE / ZCB 66.55 Housing Development Finance Corporation Ltd CRISIL AAA 11.45 LIC Housing Finance Ltd CRISIL AAA 11.42 National Bank for Agricultural & Rural Development CRISIL AAA 11.37 Mahindra & Mahindra Financial Services IND AAA 6.83 Power Grid Corporation of India Ltd CRISIL AAA 5.85 Rural Electrification Corporation Ltd CRISIL AAA 5.84 SIDBI CARE AAA 5.80 Kotak Mahindra Prime Ltd CRISIL AAA 5.70 Indian Railway Finance Corporation Ltd CRISIL AAA 2.29 FIXED DEPOSITS 1.13 HDFC Bank Ltd 1.13 Mutual Units 6.16 Essel Mutual 6.16 GOVERNMENT SECURITIES 1.15 7.16% GOI - 20 May 2023 Sovereign 1.15 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent 13.65 Performance as on November 30,2017 Essel Short Term - Regular Growth CRISIL Short Term Bond 1 Year Govt. T-Bill 1 year CAGR % 4.65% 5.94% 5.67% 3 year CAGR % 7.08% 8.44% 7.23% 5 year CAGR % 7.89% 8.78% 7.21% Since Inception CAGR % 8.86% 8.51% 7.08% invested on Inception date (in `) invested prior 1 year (in `) invested prior 3 year (in `) 18571.70 18131.90 16466.58 10465.17 10593.89 10566.71 12283.60 12759.85 12336.14 14619.59 15237.60 14167.95 invested prior 5 year (in `) Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs)..1.99 Modified Duration (Yrs).1.60 # TER - Reg (%).......1.17 # TER - Direct (%)....0.36 Portfolio Yield (%).......6.91 # - Weighted average for the month To generate income & capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 18th August 2010 Pattern Money Market and debt securities with residual maturity of less than or equal to 3 years: 80% to 100% Debt Instruments with residual maturity greater than 3 years: 0% to 20% History () Size `87.93 Crs ( AAUM for November, 2017) `87.33 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1/- Benchmark : CRISIL Short Term Bond Manager Mr. Killol Pandya-Total experience 18 years. (Managing this fund w.e.f: 18th September 2015) Scheme Performance vis-a-vis Benchmark (%) Scheme ESSEL SHORT TERM FUND- ESSEL SHORT TERM FUND- DIRECT ESSEL SHORT TERM FUND- ESSEL SHORT TERM FUND- DIRECT ESSEL SHORT TERM FUND- ESSEL SHORT TERM FUND- DIRECT History (Quarterly) Scheme ESSEL SHORT TERM FUND - REGULAR ESSEL SHORT TERM FUND - DIRECT ESSEL SHORT TERM FUND - REGULAR ESSEL SHORT TERM FUND - DIRECT ESSEL SHORT TERM FUND - REGULAR ESSEL SHORT TERM FUND - DIRECT Net (` per unit) 10-Nov-17 0.05072598 0.04699665 10.5353 10-Nov-17 0.05274339 0.04886575 10.9545 10-Oct-17 0.05086555 0.04712596 10.5683 10-Oct-17 0.0528491 0.04896368 10.9808 11-Sep-17 0.05113254 0.04737332 10.6217 11-Sep-17 0.05307685 0.04917469 11.0266 Net (` per unit) 02-Nov-17 0.15904280 0.14735011 11.0221 02-Nov-17 0.16633767 0.15410867 11.5301 02-May-17 0.15752604 0.14594486 10.9190 02-May-17 0.16366529 0.15163276 11.3535 20-Feb-17 0.15962061 0.14788544 11.0290 20-Feb-17 0.16561541 0.15343951 11.4463 Rating Profile (%) Net Asset Value (NAV) as on November 30, 2017 (in `) Maturity Profile BONUS 13.9196 19.4210 GROWTH 18.5717 19.3890 10.4746 10.8962 10.8177 11.3246 % Weightage Above 1 Year 58.41% Below 1 Year 21.77% CBLO (including TBill held as collateral)/reverse Repo/ Net Current Assets/Cash/ Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling 13.65% *CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on November 30, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. 7
ESSEL FLEXIBLE INCOME FUND (an open ended debt scheme ) History () Scheme / Plan Portfolio Holdings Rating % of Net Assets FIXED DEPOSITS 4.47 HDFC Bank Ltd 4.47 GOVERNMENT SECURITIES 82.06 7.16% GOI - 20 May 2023 Sovereign 33.05 6.68% GOI - 17 Sep 2031 Sovereign 28.67 6.79% GOI - 26 Dec 2029 Sovereign 14.49 6.79% GOI - 15 May 2027 Sovereign 5.85 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent Net (` per unit) 13.47 The primary investment objective of the scheme is to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures & Govt. Securities and money market instruments over various maturity periods. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 21st August 2012 Pattern Money Market Instruments:0% to 100% Debt Instruments: 0% to 100% Size `7.54 Crs ( AAUM for November, 2017) `5.87 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1 Benchmark : CRISIL Composite Bond Manager Mr. Killol Pandya - Total experience 18 years. (Managing this w.e.f: 18th September 2015) Note : Aggregate Investment made by Essel Income Plus [Rs. 5.53 Crs] and Essel Short Term fund [Rs. 5.38 Crs] amounts to a total of Rs. 10.92 Crs Performance as on November 30,2017 Essel Flexible Income - Regular Growth CRISIL Composite Bond 10 Year dated GOI Security 1 year CAGR % 0.95% 3.85% -0.14% 3 year CAGR % 7.23% 9.28% 8.47% 5 year CAGR % 6.52% 9.07% 7.53% Since Inception CAGR % 6.66% 9.09% 7.66% Current Value of investment if ` 10000/- was invested on Inception date (in `) Current Value of investment if ` 10000/- was invested prior 1 year (in `) Current Value of investment if ` 10000/- was invested prior 3 year (in `) was invested prior 5 year (in `) 14056.10 15833.77 14766.06 10095.31 10385.08 9986.33 12337.49 13058.91 12770.38 13717.42 15441.33 14381.03 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs).... 8.21 Modified Duration (Yrs).. 5.52 # TER - Reg (%)..... 1.52 # TER - Direct (%)..... 0.72 Portfolio Yield (%)..... 6.80 # - Weighted average for the month Essel Flexible Income - Regular- 10-Jul-13 0.04675609 0.04478483 10.0699 Essel Flexible Income - Direct 10-Jul-13 0.16008741-10.2115 Scheme Performance vis-a-vis Benchmark (%) Essel Flexible Income - -Regular 10-Jun-13 0.09351267 0.08955192 10.1495 Essel Flexible Income - -Regular 10-Apr-13 0.11387253 0.09701559 10.1422 History (Quarterly) Scheme / Plan Net ( ` per unit) Essel Flexible Income - Direct Quarterly 3-May-13 0.43797219 0.37316218 10.7199 Rating Profile (%)- Debt Essel Flexible Income - Regular-Quarterly 3-May-13 0.17518888 0.14926487 10.3064 Essel Flexible Income - Regular-Quarterly 4-Feb-13 0.35239527 0.30201220 10.4709 Net Asset Value (NAV) as on November 30, 2017 (in `) GROWTH 14.0561 14.7881 12.8839 13.3984 13.8906 14.0306 Maturity Profile % Weightage Above 1 Year 82.06% Below 1 Year 4.47% CBLO (including TBill held as collateral)/reverse Repo/ Net Current 13.47% Assets/Cash/Cash Equivalent Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Please refer to page no 14 and 15 for statutory details *CARE (Credit Analysis and Research Limited Rating (Source: www.careratings.com) (as on November 31, 2017) Past Performance is no guarantee of future results. For details please refer Page 15. 8
ESSEL INCOME PLUS FUND (an open ended debt scheme) Portfolio Holdings Rating/Industry % of Net Asset EQUITY SHARES 19.04 HDFC Bank Ltd BANKS 1.26 Reliance Industries Ltd PETROLEUM PRODUCTS 1.01 Larsen & Toubro Ltd CONSTRUCTION PROJECT 0.86 Infosys Ltd SOFTWARE 0.79 Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.67 Titan Company Ltd CONSUMER DURABLES 0.66 Bosch Ltd AUTO ANCILLARIES 0.66 ITC Ltd CONSUMER NON DURABLES 0.62 AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.61 Housing Development Finance Corporation Ltd FINANCE 0.61 Oracle Financial Services Software Ltd SOFTWARE 0.60 Kotak Mahindra Bank Ltd BANKS 0.59 Container Corporation of India Ltd TRANSPORTATION 0.56 Dalmia Bharat Ltd CEMENT 0.54 Indraprastha Gas Ltd GAS 0.53 Tata Consultancy Service Ltd SOFTWARE 0.53 Hindustan UniLever Ltd CONSUMER NON DURABLES 0.52 Prataap Snacks Limited CONSUMER NON DURABLES 0.51 Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.51 Sundaram Finance Ltd FINANCE 0.49 Others 5.91 NON-CONVERTIBLE DEBENTURE / ZCB 48.07 Housing Development Finance Corporation Ltd CRISIL AAA 6.91 Indian Railway Finance Corporation Ltd CRISIL AAA 6.88 LIC Housing Finance Ltd CRISIL AAA 6.78 TATA Capital Housing Finance Ltd CRISIL AA+ 6.28 Rural Electrification Corporation Ltd CRISIL AAA 5.56 L&T Infrastructure Finance Co Ltd CARE AA+ 5.46 Power Finance Corporation Ltd CRISIL AAA 5.40 TATA Capital Financial Services Ltd ICRA AA+ 4.80 FIXED DEPOSITS 1.35 HDFC Bank Ltd 1.35 Mutual Units 7.48 Essel Mutual 7.48 GOVERNMENT SECURITIES 16.03 6.79% GOI - 15 May 2027 Sovereign 10.62 7.16% GOI - 20 May 2023 Sovereign 4.09 6.79% GOI - 26 Dec 2029 Sovereign 1.32 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent To generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity & equity related securities. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. Allotment 29th July 2010 Pattern Debt & Money Market instruments: 80% to 98% Equity & Equity related instruments: 2% to 20% 8.03 Size ` 74.28Crs ( AAUM for November, 2017) ` 73.96 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1/- Benchmark : CRISIL MIP Blended Manager: Mr. Killol Pandya : Total experience 18 years (Managing this w.e.f: 18th September 2015) & Mr. Amit Nigam : Total experience 17 years. (Managing this w.e.f: 1st November 2014) Net Asset Value (NAV) as on November 30, 2017 (in `) Maturity Profile GROWTH 17.9489 19.2464 10.3724 11.1897 11.2685 12.1604 % Weightage Above 1 Year 57.32% Below 1 Year 8.13% Cash & Cash Equivalent 8.03% Rating Profile (%)- Debt Please refer to page no. 11 for tax on dividend distribution, Please refer to page no. 16 for Product Labeling Performance as on November 30,2017 History () Scheme / Plan DIRECT DIRECT DIRECT History (Quarterly) Scheme / Plan REGULAR DIRECT REGULAR DIRECT REGULAR DIRECT 24-Nov-17 24-Nov-17 27-Oct-17 27-Oct-17 29-Sep-17 29-Sep-17 2-Nov-17 2-Nov-17 2-May-17 2-May-17 20-Feb-17 20-Feb-17 Essel Income Plus - Regular Growth Please refer to page no 14 and 15 for statutory details Net (`per unit) 0.05656426 0.05240571 0.06100830 0.05652302 0.05699013 0.05280027 0.06141531 0.05690011 0.05694441 0.05275790 0.06131543 0.05680757 Net (`per unit) CRISIL MIP Blended 0.16575986 0.15357334 0.17868841 0.16555139 0.16344861 0.15143201 0.17522154 0.16233940 0.18619997 0.17251071 0.19912851 0.18448876 10 Year dated GOI Security 1 year CAGR % 6.14% 6.76% -0.14% 3 year CAGR % 7.49% 8.91% 8.47% 5 year CAGR % 8.66% 9.60% 7.53% Since Inception CAGR % 8.29% 8.77% 6.93% was invested on Inception date (in `) 17948.90 18539.24 16358.46 was invested prior 1 year (in `) 10614.37 10676.00 9986.33 was invested prior 3 year (in `) 12427.49 12925.88 12770.38 was invested prior 5 year (in `) 15149.05 15818.42 14381.03 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs)...3.53 Modified Duration (Yrs)..2.63 # TER - Reg (%).....2.54 # TER - Direct (%).....1.09 Portfolio Yield (%)........7.06 # - Weighted average for the month Industry Allocation Equity(%) 10.4531 11.2746 10.5222 11.3396 10.5185 11.3262 11.5140 12.4149 11.3707 12.1924 11.3787 12.1752 9
ESSESL 3 IN 1 FUND (an open ended hybrid scheme) Portfolio Holdings The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold ETFs of other mutual funds and gold related instruments and Equity & Equity related Instruments. However there can be no assurance that the investment objective of the scheme will be achieved. Allotment Size 5th April, 2011 Pattern Debt & Money Market instruments: 50% to 70% Equity & Equity related instruments: 15% to 25% Gold ETFs of other mutual funds and gold related instruments: 15% to 25% Rating/Industry % of Net Assets EQUITY SHARES 20.07 HDFC Bank Ltd BANKS 1.40 Reliance Industries Ltd PETROLEUM PRODUCTS 1.11 Larsen & Toubro Ltd CONSTRUCTION PROJECT 0.92 Motherson Sumi Systems Ltd AUTO ANCILLARIES 0.83 Infosys Ltd SOFTWARE 0.74 Kotak Mahindra Bank Ltd BANKS 0.71 Housing Development Finance Corporation Ltd FINANCE 0.69 Oracle Financial Services Software Ltd SOFTWARE 0.67 Bosch Ltd AUTO ANCILLARIES 0.64 Titan Company Ltd CONSUMER DURABLES 0.62 Indraprastha Gas Ltd GAS 0.61 Container Corporation of India Ltd TRANSPORTATION 0.59 Hindustan UniLever Ltd CONSUMER NON DURABLES 0.58 ITC Ltd CONSUMER NON DURABLES 0.58 Prataap Snacks Limited CONSUMER NON DURABLES 0.57 AIA Engineering Ltd INDUSTRIAL PRODUCTS 0.55 Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 0.55 Asian Paints Ltd CONSUMER NON DURABLES 0.52 Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 0.52 Bharat Petroleum Corporation Ltd PETROLEUM PRODUCTS 0.52 Others 6.15 NON-CONVERTIBLE DEBENTURE / ZCB 35.73 TATA Capital Financial Services Ltd ICRA AA+ 7.64 Rural Electrification Corporation Ltd CRISIL AAA 5.16 Housing Development Finance Corporation Ltd CRISIL AAA 5.14 LIC Housing Finance Ltd CRISIL AAA 5.12 L&T Infrastructure Finance Co Ltd CARE AA+ 5.07 Power Finance Corporation Ltd CRISIL AAA 5.01 TATA Capital Housing Finance Ltd CRISIL AA+ 2.59 FIXED DEPOSITS 1.26 HDFC Bank Ltd 1.26 Mutual Units 20.01 Reliance Shares Gold BeES 20.01 GOVERNMENT SECURITIES 14.79 6.79% GOI - 26 Dec 2029 Sovereign 7.33 6.79% GOI - 15 May 2027 Sovereign 4.93 7.16% GOI - 20 May 2023 Sovereign 2.53 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/Cash Equivalent Size `20.40 Crs ( AAUM for November, 2017) `19.92 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1/- Benchmark : CRISIL MIP Blended +Gold (85:15) Manager Mr. Killol Pandya - Total experience 18 years (Managing this w.e.f: 18th September 2015). Mr. Amit Nigam - Total experience 17 years (Managing this fund w.e.f: 1st November 2014). Maturity Profile % Weightage Above 1 Year 45.40% Below 1 Year 6.38% Cash & Cash Equivalent 8.14% 8.14 Performance as on November 30, 2017 Essel 3 in 1 - Regular Plan-Growth Option CRISIL MIP Blended + Gold (85:15) 10 Year dated GOI Security 1 year CAGR % 6.16% 5.98% -0.14% 3 year CAGR % 6.78% 8.17% 8.47% 5 year CAGR % 6.96% 7.77% 7.53% Since Inception CAGR % 8.12% 8.25% 7.02% 16,815.70 16,950.00 15,714.96 was invested on Inception date (in `) 10,616.44 10,598.00 9,986.32 was invested prior 1 year (in `) 12,181.41 12,665.00 12,770.37 was invested prior 3 year (in `) 14,001.88 14,540.00 14,381.02 was invested prior 5 year (in `) Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. As on November 30, 2017 Average Maturity (Yrs)..3.69 Modified Duration (Yrs)....2.70 # TER - Reg (%)...1.92 # TER - Direct (%).......1.26 Portfolio Yield (%).....7.12 # Weighted average for the month Industry Allocation Equity(%) Rating Profile (%)- Debt History (Quarterly) Scheme / Plan ESSEL 3 IN 1 FUND-REGULAR ESSEL 3 IN 1 FUND-DIRECT ESSEL 3 IN 1 FUND-REGULAR ESSEL 3 IN 1 FUND-DIRECT ESSEL 3 IN 1 FUND-REGULAR ESSEL 3 IN 1 FUND-DIRECT Net Asset Value (NAV) as on November 30, 2017 (in `) GROWTH 16.8157 17.8625 16.8176 16.2363 15.3456 15.9406 Please refer to page no 14 and 15 for statutory details Net ( `per unit) 02-Nov-17 0.25495961 0.2362152 15.7120 02-Nov-17 0.26471019 0.24524893 16.3120 02-May-17 0.25358731 0.23494379 15.5982 02-May-17 0.26189336 0.24263919 16.1153 20-Feb-17 20-Feb-17 0.25503184 0.23628212 0.26283231 0.24350910 15.7091 16.1994 10
ESSEL EQUITY FUND (an open ended equity scheme) Portfolio Holdings Industry % of Net EQUITY SHARES 97.02 HDFC Bank Ltd BANKS 6.36 Reliance Industries Ltd PETROLEUM PRODUCTS 5.06 Larsen & Toubro Ltd CONSTRUCTION PROJECT 4.59 Bosch Ltd AUTO ANCILLARIES 3.49 Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.44 Oracle Financial Services Software Ltd SOFTWARE 3.17 Kotak Mahindra Bank Ltd BANKS 3.13 ITC Ltd CONSUMER NON DURABLES 3.07 Titan Company Ltd CONSUMER DURABLES 2.95 Housing Development Finance Corpora- FINANCE 2.87 Prataap Snacks Limited CONSUMER NON DURABLES 2.80 Asian Paints Ltd CONSUMER NON DURABLES 2.75 Tata Consultancy Service Ltd SOFTWARE 2.71 Container Corporation of India Ltd TRANSPORTATION 2.62 Bharat Electronics Ltd INDUSTRIAL CAPITAL GOODS 2.55 Sundaram Finance Ltd FINANCE 2.54 AIA Engineering Ltd INDUSTRIAL PRODUCTS 2.53 Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 2.52 Indraprastha Gas Ltd GAS 2.52 Infosys Ltd SOFTWARE 2.51 Other 34.84 CBLO (including TBILL held as Collateral)/Reverse Repo/Net Current Assets/ 2.98 To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns. Allotment Size 28th September, 2011 Pattern Equity & Equity related instruments: 80% to 100% Debt & Money Market instruments: 0% to 20% Size `179.92 Crs ( AAUM for November, 2017) `173.76 Crs (AUM as on 30th November, 2017) Minimum Amount: ` 1,000/- and in multiples of ` 1/-. Benchmark : Nifty 50 Manager: Mr. Amit Nigam - Total experience 17 years. (Managing this w.e.f: 1st November 2014) History Scheme / Plan ESSEL EQUITY FUND - REGU- LAR ESSEL EQUITY FUND-DIRECT ESSEL EQUITY FUND - REGU- LAR ESSEL EQUITY FUND-DIRECT ESSEL EQUITY FUND - REGU- LAR ESSEL EQUITY FUND-DIRECT ESSEL EQUITY FUND-HALF YEARLY DIVIDEND ESSEL EQUITY FUND-DIRECT HALF YEARLY DIVIDEND ESSEL EQUITY FUND- REGU- LAR HALF YEARLY DIVIDEND ESSEL EQUITY FUND-DIRECT HALF YEARLY DIVIDEND ESSEL EQUITY FUND-REGULAR YEARLY DIVIDEND ESSEL EQUITY FUND- NORMAL DIVIDEND ESSEL EQUITY FUND- DIRECT DIVIDEND Tax on Distribution @ Nature Domestic Companies Liquid s 28.84% 34.608% Debt s 28.84% 34.608% Equity s @rates are inclusive of surcharge and cess. Please refer to page no 14 and 15 for statutory details Net ( `per unit) 2-Nov-17 0.3000 0.3000 16.4804 2-Nov-17 0.4000 0.4000 16.3820 2-May-17 0.3000 0.3000 15.5222 2-May-17 0.4000 0.4000 15.4569 20-Feb-17 0.5000 0.5000 14.8006 20-Feb-17 0.6000 0.6000 14.8077 27-Jun-17 5.0000 5.0000 18.6083 27-Jun-17 3.5000 3.5000 18.7598 26-Oct-16 1.0000 1.0000 17.4268 26-Oct-16 1.0000 1.0000 17.4467 26-Oct-16 1.5000 1.5000 17.3879 16-Nov-15 2.5000 2.5000 15.1693 16-Nov-15 2.5000 2.5000 15.6576 Scheme Performance as on November 30, 2017 Essel Equity - Regular Growth NIFTY 50 NIFTY 50 1 year CAGR % 28.52% 24.34% 24.34% 3 year CAGR % 12.60% 5.98% 5.98% 5 year CAGR % 14.20% 11.70% 11.70% Since Inception CAGR % 14.07% 12.48% 12.48% was invested on Inception date (in `) 22,552.20 20,676.82 20,676.82 was invested prior 1 year (in `) 12,852.38 12,434.25 12,434.25 was invested prior 3 year (in `) 14,288.47 11,907.61 11,907.61 was invested prior 5 year (in `) 19,427.65 17,392.54 17,392.54 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. Risk Measures Nov 2017 Standard Deviation^(%).....13.16 Benchmark Standard Deviation^ (%)......13.54 Sharpe Ratio~......0.64 Beta...0.90 # TER - Reg (%)...2.92 # TER - Direct (%)...1.92 Portfolio Turnover Ratio (Times)...2.02 # - Weighted average for the month SIP Returns SIP Tenure (in years) 3 Investment Amount 10000.00 Start End Total no of Installments 36 01-Dec-2014 30-Nov-2017 Total Amount Invested (Rs) 360000.00 Present value (Rs) 459766.68 Total No Units 20309.330 CAGR (%) 18.27 XIRR(%) 17.47 Yield (%) 27.22 SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming `10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. ^Statistical returns based on monthly returns over the past 3 year data as on 30th November, 2017. ~ 1 day MIBOR has been assumed as the risk-free rate of return. Industry Allocation Equity(%) Net Asset Value (NAV) as on November 30, 2017 (in `) GROWTH 22.5522 24.0085 HALF YEARLY DIVIDEND 14.5117 16.3512 NORMAL DIVIDEND 17.6414 18.7282 16.0739 15.8905 YEARLY DIVIDEND 19.2185 21.2879 * Introduced from November 2, 2015 Please refer to page no. 16 for Product Labeling 11
ESSEL MIDCAP FUND (an open ended equity scheme) The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Allotment 7th December, 2015 Portfolio Holdings Pattern Equity and Equity Related Instruments of Midcap Companies: 65% to 100% Debt & Money Market Instruments: 0% to 35% Manager Mr. Amit Nigam - Total experience 17 years. Industry % of Net Assets EQUITY SHARES 95.48 Indraprastha Gas Ltd GAS 3.95 Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.64 Ratnamani Metals & Tubes Ltd FERROUS METALS 3.53 Sundaram Fasteners Ltd AUTO ANCILLARIES 3.47 City Union Bank Ltd BANKS 3.34 Federal Bank Ltd BANKS 3.34 Suprajit Engineering Ltd AUTO ANCILLARIES 3.06 Mahanagar Gas Ltd GAS 3.02 Dalmia Bharat Ltd CEMENT 2.99 Sundaram Finance Ltd FINANCE 2.98 Titan Company Ltd CONSUMER DURABLES 2.97 Repco Home Finance Ltd FINANCE 2.94 Oracle Financial Services Software Ltd SOFTWARE 2.79 Container Corporation of India Ltd TRANSPORTATION 2.77 TTK Prestige Limited CONSUMER DURABLES 2.70 Bharat Heavy Electricals Ltd INDUSTRIAL CAPITAL GOODS 2.64 Karur Vysya Bank Ltd BANKS 2.62 Britannia Industries Ltd CONSUMER NON DURABLES 2.62 Astral Poly Technik Ltd. INDUSTRIAL PRODUCTS 2.55 Canara Bank BANKS 2.54 Others 35.02 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent 4.52 Size `97.49 Crs ( AAUM for November, 2017) `98.78 Crs (AUM as on 30th November, 2017) Minimum Amount: `1,000/- and in multiples of `1/- Benchmark : Nifty Midcap 100 Scheme Performance as on November 30, 2017 ESSEL MIDCAP FUND- Regular Growth NIFTY MID- CAP 100 NIFTY 50 1 year CAGR % 28.77% 33.46% 24.34% Since Inception CAGR % 22.90% 23.06% 14.89% Current Value of investment if `10000/ - was invested on Inception date (in `) Current Value of investment if `10000/ - was invested prior 1 year (in `) 15,053.90 15,091.46 13,169.38 12,876.93 13,346.09 12,434.25 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented. Nov 2017 # TER - Reg (%).....3.00 # TER - Direct (%)...1.89 Portfolio Turnover Ratio (Times)...1.47 # - Weighted average for the month SIP Returns SIP Tenure (in years) 1 Investment Amount 10000.00 Start End Total no of Installments 12 30-Dec-2016 30-Nov-2017 Total Amount Invested (Rs) 120000 Present value (Rs) 132500.43 Total No Units 8801.734 CAGR (%) 24.10 XIRR(%) 23.59 Yield (%) 10.42 SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming `10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Industry Allocation Equity(%) Net Asset Value (NAV) as on November 30, 2017 (in `) GROWTH 15.0539 15.5980 NORMAL DIVIDEND 15.0505 15.4156 Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Please refer to page no 14 and 15 for statutory details 12
ESSEL LONG TERM ADVANTAGE FUND (an open ended equity linked savings scheme) The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in Units of the Scheme, subject to a maximum of `1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized. Allotment 30th December, 2015 Portfolio Holdings Pattern Equity and Equity Related Instruments: 80% to 100% Debt and Money Market Instruments: 0% to 20% Manager Mr. Amit Nigam - Total experience 17 years. Industry % of Net Assets EQUITY SHARES 94.47 HDFC Bank Ltd BANKS 7.15 Indraprastha Gas Ltd GAS 3.78 Mahanagar Gas Ltd GAS 3.42 Federal Bank Ltd BANKS 3.41 Kotak Mahindra Bank Ltd BANKS 3.17 Motherson Sumi Systems Ltd AUTO ANCILLARIES 3.10 Sundaram Fasteners Ltd AUTO ANCILLARIES 3.05 ITC Ltd CONSUMER NON DURABLES 2.96 Hindustan UniLever Ltd CONSUMER NON DURABLES 2.94 Sundaram Finance Ltd FINANCE 2.88 Oracle Financial Services Software Ltd SOFTWARE 2.85 Titan Company Ltd CONSUMER DURABLES 2.84 Punjab National Bank BANKS 2.72 Repco Home Finance Ltd FINANCE 2.66 TTK Prestige Limited CONSUMER DURABLES 2.62 Canara Bank BANKS 2.59 Container Corporation of India Ltd TRANSPORTATION 2.57 eclerx Services Ltd SOFTWARE 2.53 State Bank of India Ltd BANKS 2.47 Nestle India Ltd CONSUMER NON DURABLES 2.36 Others 32.40 CBLO (including TBILL held as Collateral)/ Reverse Repo/Net Current Assets/Cash/ Cash Equivalent 5.53 Size `38.71 Crs ( AAUM for November, 2017) `38.89 Crs (AUM as on 30th November, 2017) Minimum Amount: `500/- and in multiples of `500/- Benchmark : S &P BSE 100 Scheme Performance as on November 30, 2017 ESSEL LONG TERM ADVANTAGE FUND - Regular Growth S&P BSE 100 NIFTY 50 1 year CAGR % 26.62% 26.25% 24.34% Since Inception CAGR % 19.10% 16.00% 14.41% Current Value of investment if `10000/ - was invested on Inception date (in `) Current Value of investment if `10000/ - was invested prior 1 year (in `) 13988.60 13297.88 12951.15 12662.35 12624.80 12434.25 Expense structure for direct & regular plan will vary. Past performance may or may not be sustained in future Returns are compounded annualized. The performance of the dividend plan for the investor would be net of dividend distribution tax, as applicable. The returns are calculated for Regular Plan- Growth Option. The scheme has not completed 3 years hence the performance of 1 year is presented. Nov 2017 #TER - Regular (%)......2.80 #TER - Direct (%)...1.41 Portfolio Turnover Ratio (Times).......1.36 # - Weighted average for the month SIP Returns SIP Tenure (in years) 1 Investment Amount 10000.00 Start End Total no of Installments 12 30-Dec-2016 30-Nov-2017 Total Amount Invested (Rs) 120000 Present value (Rs) 131352.47 Total No Units 9389.965 CAGR (%) 21.77 XIRR(%) 21.34 Yield (%) 9.46 SIP date every 1st business day of the month Past performance may or may not be sustained in the future. Assuming `10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Industry Allocation Equity(%) Net Asset Value (NAV) as on Nov 30, 2017 (in `) DIVIDEND 13.9895 14.3338 GROWTH 13.9886 14.4290 Please refer to page no. 11 for tax on dividend distribution Please refer to page no. 16 for Product Labeling Please refer to page no 14 and 15 for statutory details 13
Units of the Scheme, subject to a maximum of ` Scheme Name Essel Liquid Essel Ultra Short Term Essel Short Term Essel Flexible Income Essel Income Plus Essel 3 in 1 Essel Equity Essel Long Term Advantage Essel Midcap FUNDS AT A GLANCE FOR ESSEL MUTUAL FUND Type Allotment Benchmark Manager Liquid Scheme Debt Scheme Debt Scheme Debt Scheme Debt Scheme Hybrid Scheme Equity Scheme Equity Linked Savings Scheme Equity Scheme 19th February, 2010 19th February, 2010 18th August, 2010 21st August, 2012 29th July, 2010 05th April, 2011 28th September, 2011 30th December, 2015 07th December, 2015 To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved To generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be achieved The primary investment objective of the scheme will endeavour to generate reasonable returns through active duration management of the portfolio, while maintaining liquidity by investing in debt instruments including bonds, debentures and Government securities and money market instruments over various periods. However there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns To generate regular Income through a portfolio of predominantly high quality fixed income securities and with the marginal exposure to equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns The investment objective of the scheme is to generate long term capital appreciation through a portfolio of fixed income securities, Gold ETFs of other mutual funds and gold related instruments and Equity & Equity related Instruments. However there can be no assurance that the investment objective of the scheme will be achieved To generate long term capital appreciation by investing in an actively managed portfolio predominantely consisting of equity and equity related scenario. However there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80C of the Income Tax Act, 1961) on their investments. Specified Investors in the Scheme are entitled to deductions of the amount invested in 1,50,000/- under and in terms of Section 80 C (2) (xiii) of the Income Tax Act, 1961. Investment in this scheme would be subject to statutory lock-in period of 3 years from the date of allotment to be eligible for income tax benefit under section 80 C. There can be no assurance that the investment objective under the Scheme will be realized. The investment objective of the scheme is to generate medium to long-term capital appreciation by investing predominantly in equity and equity related securities of mid cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Crisil Liquid Crisil Liquid Crisil Short Term Bond CRISIL Composite Bond Crisil MIP Blended Crisil MIP Blended + Price of Gold in the ratio 85:15 NIFTY 50 S&P BSE 100 Nifty Midcap 100 Mr. Vikram Pamnani Mr. Killol Pandya Mr. Vikram Pamnani Plans Available Regular/ Direct Regular/ Direct Mr. Killol Pandya Regular/ Direct Mr. Killol Pandya Regular/ Direct Options Growth/Daily / Weekly / Growth/Daily / Weekly / Growth/ /Quarterly Growth/ /Quarterly Growth/ /Quarterly Mr. Killol Pandya & Mr. Amit Nigam Regular/ Direct Growth/ /Quarterly Mr. Killol Pandya & Mr. Amit Nigam Regular/ Direct Mr. Amit Nigam Regular/ Direct Growth/Normal / Quarterly / Half Yearly / Yearly Div Reinvest Initial Purchase Amt (min) Extra Initial Purchase above min. in multiples Additional Purchase amt. Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 100/- Yes ` 1000/- Multiples of ` 1/- ` 1/- Mr. Amit Nigam Regular/ Direct Growth / No ` 500/- Multiples of ` 500/- ` 500/- Mr. Amit Nigam Regular / Direct Growth / Normal / Half Yearly / Annual Yes ` 1000/- Multiples of ` 1/- ` 100/- Additional Purchase in multiples above Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 1/- Multiples of ` 500/- Multiples of ` 1/- Exit Load 14
Scheme Name Minimum *Yes Yes Essel Liquid Essel Ultra Short Term Essel Short Term Essel Flexible Income Essel Income Plus Essel 3 in 1 Essel Equity Essel Long Term Advantage Essel Midcap Redemption ` 1000/- and in multiples of ` 1/- or account balance whichever is ` 1000/- and in multiples of ` 1/- or account balance whichever is ` 1000/- and in multiples of ` 1/- ` 1000/- and in multiples of ` 1/- ` 1000/- and in multiples of ` 1/- ` 1000/- or account balance, which ever is ` 1000/- or account balance, which ever is ` 1000/- or account balance, which ever is ` 1000/- or account balance, which ever is Min Redemption units Redemption Payout Cycle NA T+1 Yes Fortnightly, Quarterly NA T+1 Yes Fortnightly, Quarterly 100 units or account balance whichever is 100 units or account balance whichever is 100 units or account balance whichever is 100 units or account balance whichever is 100 units or account balance whichever is 100 units or account balance whichever is 100 units or account balance whichever is SIP SIP Frequency SIP Min amt SIP Min no. of Chqs SIP Starting SWP SWP Frequency T+1 Yes Fortnightly, Quarterly T+1 Yes Fortnightly, Quarterly T+1 Yes Fortnightly, Quarterly T+1 Yes Fortnightly, Quarterly T+3 Yes Fortnightly, Quarterly T+3 Yes Fortnightly, Quarterly T+3 Yes Fortnightly, Quarterly - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- `` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 - ` 500 Quarterly- ` 1000 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 -installments,quarterly 4 installments,half Yearly 2 installments 12 installments, Quarterly 4 installments, Half Yearly 2 installments 12 installments, Quarterly 4 installments, Half Yearly 2 installments Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate wednesday 25th of every month/ Fortnightly, every alternate Wednesday 25th of every month / Fortnightly, every alternate Wednesday 25th of every month / Yes and Quarterly Yes and Quarterly Yes and Quarterly Yes and Quarterly Yes and Quarterly Yes and Quarterly Yes and Quarterly & Quarterly & Quarterly SWP Min. Amt SWP Starting STP STP Frequency STP Min Amt STP Starting - - - - - - - - - : 5th of the : 5th of the : 5th of the : 5th of the : 5th of the : 5th of the : 5th of the : 5th of the : 5th of the Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, Yes Daily, Weekly, *Yes Daily, Weekly, Yes Daily, Weekly, Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- Fortnightly Weekly & ` 500 Daily - ` 50/- each Fortnightly Weekly & ` 500 each Daily - ` 50/- each Fortnightly Weekly & ` 500 each Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly (every alternate Wednesday) (as on specified dates) Daily, Weekly (every Wednesday) Fortnightly(every alternate Wednesday)(as on specified dates) Note: The Trustee will endeavor to declare the as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declarations of and frequency will inter-alia depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of nor that the will be paid regularly. payable under Payout option (Weekly Option) is equal to or less than ` 500 then the would be compulsorily reinvested in the option of the Scheme. In case an investor fails to specify his preference of Plans/Sub Plans/Options in the below mentioned schemes, the default Plan/Sub Plan/Options would be as above. * SWP/STP available only after completion of statutory lock-in period of 3 years from the date of investment by the investor. Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, Essel Finance AMC Limited.(EFAL)(formerly Peerless s Management Co. Ltd. (PFMCL)). Its subsidiaries / affiliates/ sponsors / trustee (Essel Finance AMC Limited) (formerly Peerless s Management Co Ltd. Group) or their officers, employees, personnel, directors may be associated in a commercial, professional or personal capacity or may have a commercial interest including as proprietary traders in or with securities and / or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render (EFAL) liable in any manner whatsoever & (EFAL) or any of their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication form time to time. Recipients of the information contained herein should exercise due care and caution and read the Scheme information Document(s) and Statement of Additional information (including if necessary, obtaining the advice of tax/ legal/accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. The printing and mailing cost this newsletter is charged to the respective schemes subject to Securities & Exchange Board of India (Mutual s) Regulations, 1996. CARE Rating Methodology: Essel Liquid, Essel Ultra Short Term, Essel Short Term & Essel Flexible Income have been assigned Credit Risk Rating AAAmfs by CARE Rating (Credit Analysis and Research Limited) CARE s fund credit quality ratings are opinions on the overall credit quality of specific debt mutual fund. The rating captures fund s overall exposure to default risk. CARE uses the concept of credit scores, assigned to individual securities, as per credit scoring matrix developed by CARE. The score is essentially a function of the credit quality and rating of security and its internal residual maturity. The rating includes assessment of various qualitative factors including management quality and management information systems and risk management systems in various operational areas. CARE reviews the related mutual fund on an ongoing basis to support its published rating opinions. A detailed methodology can be sourced from www.careratings.com or Credit Analysis & Research Ltd. Statutory details: Essel Mutual has been established as a Trust under the Indian Trusts Act, 1882, sponsored by The Essel MF Trustee Limited (liability restricted to Rs 1 Lakh) (formerly The Peerless General Finance & Investment Company Limited(liability restricted to Rs 1 Lakh) Trustee: Essel MF Trustee Limited (formerly The Peerless General Finance & Investment Company Limited (liability restricted to Rs 1 Lakh)) Investment Manager: Essel Finance AMC Limited (the AMC) (formerly Peerless s Management Co. Ltd.(PFMCL)) MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. This fact sheet is for informational purpose only and under no circumstances is to be used or considered as an investment advice 15
ESSEL MUTUAL FUND OFFICES Registered Office: Essel Finance AMC Limited, 3rd Floor, Peerless Mansion, 1, Chowringhee Square, Kolkata - 700 069. Tel 033 4018 5000, Fax : 033 40185010. CIN No: U65990WB2009PLC134537 Investment & Operations Office : 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/Cinemax Opp. Residency Hotel Andheri (East), Mumbai 400093,Maharashtra Toll Free : 1800 103 8999 Fax : +91 22 7133 5158 Branches/Customer Service Centres : EAST-AGARTALA: 42, Akhaura Road, Agartala Tripura (West) 799 001, *CONTAI: Vill: Dhandighi, Holding No.: 359 / 351, P.O. & P.S.: Contai,Dist: Purba Midnapore, West Bengal 721 401, DURGAPUR: Unit No. A-212, 1st Floor, Kamdhenu Commercial Complex, Durgapur City Center, Durgapur 713216 West Bengal, *GHATAL: Argora, P O & PS: Ghatal, Dist: Paschim Midnapur, 721 212, *GUWAHATI: 2nd Floor, Suren Paradise Market, Opposite Hanuman Mandir, G.S Road, Ulubari, Guwahati 781 007, *KOLKATA: Peerless Mansion, 3rd Floor, 1 Chowringhee Square, Kolkata 700 069. SERAMPORE: Peerless Sadan, 57/B, G.T. Road, Kalitala, Hooghly 712 201, SILIGURI: Peerless House, Hill Cart Road, PO: Siliguri, Dist. Darjeeling, 734 001, WEST - *MUMBAI: 6th Floor, Jet Prime, Suren Road,Nr. Guru Nanak Petrol Pump/Cinemax Opp. Residency Hotel Andheri (East), Mumbai 400093,Maharashtra *PUNE: Aurora Towers, 9, Moledina Road, West Wing Pune - 411 001, NORTH - *DELHI: 1005, 10th Floor, 15-17 Tolstoy House, Tolstoy Marg, Cannaught Place, New Delhi - 110 001, JAIPUR: 203 A 2nd Floor, Adarsha Plaza, Khasha Kothi Circle, Jai Singh Highway, Jaipur 302 001., LUCKNOW: 103, Trade Point, 4 A,Ground Floor, Saran Chambers-1, 5-Park Road, Hazratganj, Lucknow - 226001. SOUTH - *BENGALURU: Essel Finance - No:1, The Presidency, Unit No: G-1/6, St. Marks Road,Bengaluru - 560 001,Contact No-080-25328888, *CHENNAI: Gee Gee Universal, 3rd Floor, No.2 Mc Nicholas Road, Chetpet, Chennai -600031, Tamil Nadu, Phone No. - 044 40928500 *COIMBATORE: 1078 Nagappa Complex, Mettupalayam High Road, Coimbatore 641 002, *HYDERABAD: Moin Court, 6-2-46, A.C. Guards, Masabtank, Hyderabad 500004, KANNUR: Sadhu Building, D No C.P 29/500, Fort Road, Kannur - 670 001, VIZAG: Dasapalla Centre, 2nd Floor, 38-2-40, Surya Bagh, Vizag - 530 020. * Note : These locations are Official Points of Acceptance. Registrar and Transfer Agent : Karvy Computershare Pvt. Ltd. KARVY SELENIUM, Plot number 31 & 32, Tower B, Survey No. 115/22, 115/24 & 115/25, Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal Hyderabad - 500032 Telangana PR0DUCT LABELING NAME OF THE SCHEME THESE PRODUCTS ARE SUITABLE FOR INVESTORS WHO ARE SEEKING* RISKOMETER Essel Liquid ( Liquid Scheme) Income over short term. Investment in debt and money market instruments. Essel Ultra Short Term ( Debt Scheme) Income over short term. Investment in money market and short term debt instruments. Essel Short Term ( Debt Scheme) Income over short to medium term. Investment in debt and money market instruments. Essel Flexible Income ( Debt Scheme) Income over medium to long term. Investment in debt instruments including bonds, debentures and government securities and money market instruments over various maturity periods. Essel Income Plus ( Debt Scheme) Income over medium to long term. Investment in high quality fixed income securities and with a marginal exposure to equity and equity related instruments. Essel 3 In 1 ( Hybrid Scheme) Capital appreciation over long term. Investment in fixed income securities equity & equity related instruments and Gold Exchange Traded s and gold related instruments. Essel Equity ( Equity Scheme) Capital appreciation over long term. Investment in Equity & equity related securities diversified over various sectors. Essel Midcap ( Equity Scheme) Capital appreciation over medium to long term. Investment in Equity & equity related securities of midcap companies. Essel Long Term Advantage ( Equity Linked Savings Scheme) Capital appreciation over long term. Investment in Equity & equity related Instruments. * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Reach us in at www.esselfinance.com Toll free : 1800 103 8999 Please refer to page no 14 and 15 statutory details. mutualfund@esselfinance.com