MAY 2018 Regular Excercising is a Good Habit. Cultivate another. Invest in LIC MF Midcap Fund through DAILY SIP (Systematic Investment Plan) Cultivate a habit of investing early, regularly and stay invested. Empower yourself with the stars of tomorrow. This product is suitable for investors who are seeking* Long term capital growth. Investing predominantly in equity and equity related securities of midcap companies. Risk High Investors understand that their principal will be at moderately high risk. * Investors should consult their financial advisors if in doubt about whether the product is suitable for them. www.licmf.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
MARKET REVIEW Benchmark Index Mr. Saravana Kumar Chief Investment Officer Latest Price* 1 Month Return 3 Month Return BSE Sensex 35,160 6.60% 2.10% CNX NIFTY 10,739 6.20% 2.50% 3.90% BSE IT Sector 13,568 12.10% 8.10% 30.90% BSE FMCG Sector 11,306 9.90% 4.90% 10.20% 2,430 9.00% 6.00% 5.60% BSE SmallCap 18,402 8.30% 1.70% 4.60% BSE Healthcare 14,154 7.60% 1.40% 0.90% BSE Realty 6 Month Return 5.90% BSE 25,834 7.40% 1.10% 1.60% DEBT BSE Metal 14,277 7.20% 7.70% 3.10% Market Review BSE Mid Cap The April 2018 started on a positive note led by reversal in bond yields mainly driven by Rejig in first half (1 Half) borrowing calendar and spreading of MTM losses for banks over 4 quarters and the positive statements made by Monetary Policy Committee (MPC) members in the Policy meeting on 5th April 2018. However, the cheer in bond markets was short lived as yields started to surge from second week of April 2018. First of all, the indicative calendar for SDL came as a shock to bond market. Calendar showed states would be borrowing 1.15 1.28 lakhs crores in 1st quarter, which was way higher than usual borrowing plan of 70,000 crores. Rising crude oil prices further disrupted Bond market as it could spoil Government's fiscal deficit plans. Crude Prices are trading at their highest levels since Dec 2014, due to escalated geopolitical tensions, strong commitment by the oil cartel to rebalance markets aided by other supply outages. Though we expect these issues to be short term in nature and would not be sustainable factors in driving prices, however at present it has pushed up the oil prices close 75 US dollars a barrel. The longer it sustains, more will be the impact on our deficit and bond market. Shorter end segment is heavily impacted due to lack of liquidity. It is mainly happening on account of FPI money moving out of debt and equity (Majority of FPI Outflow has happened in April in CY 18) and intervention by RBI in Currency market due to Rupee depreciation because of surge in US and Global yields. 17,012 6.60% 1.50% 2.60% BSE 200 4,724 6.60% 1.70% 4.00% BSE 500 15,048 6.50% 1.80% 3.90% BSE 100 11,153 6.20% 2.20% 3.50% BSE Cap Goods 19,543 5.80% 5.50% 6.10% BANKEX 28,652 5.30% 6.90% 1.30% 2,238 5.30% 3.60% 4.70% BSE BSE Cons Durables 22,380 0.50% 1.40% 21.20% BSE Oil & Gas 14,430 1.30% 10.70% 12.80% * Closing Price as on 30/04/2018 and above returns are absolute returns. Capital flows: FIIs were net sellers in the equity to the tune of 5,552 crores (USD 846 million) in April 2018. Cumulative, FIIs bought equity worth 16,550 crores (USD 2.5 billion) in last twelve months i.e. from May17 to April18 and DII bought equity worth 1,27,479 crores (USD 19.8 billion) for the same period. (As of 30th April 2018, Source: SEBI) (Apr 2018 Avg. 1 USD = INR 65.63) Outlook The biggest shock to the market came from the RBI policy minutes which appeared relatively hawkish than the policy statement of 5th April,2018 especially from the commentary given by Monetary Policy Committee (MPC) members. There was an additional concern over the Inflation trajectory. Some members feel that core inflation has remained persistently on the higher side. Crude was also a concern highlighted in the minutes. Overall the signals from the minutes depict a rather cautious MPC and the mind set appears to be coming closer to a tighter stance if any of the risks highlighted by MPC members materialize. Q4FY18 results declared till date are pretty robust and broadly meeting our expectations. The earnings growth momentum of previous Q3 quarter has surely seen continuing in this quarter too. Most of the companies from Infrastructure, NBFC, Private Bank, and FMGC sector have seen delivering excellent results. But the real star of the quarter was IT sector which has certainly stolen the thunder by delivering results well above our expectations maintaining positive future guidance. Also, the Indian Infrastructure story continues to remain strong backed by roads, metros, airport construction and affordable housing demand as evidenced by the results of cement manufacturers, which showed robust volume growth of ~9% and steady levels of capacity utilization as well as price realizations. Headline CPI Inflation in the month of Mar 18 softened to a 5month low of 4.3% YOY, which was slightly higher than the consensus estimates of 4.1%. Inflation pressure over last 3 months have eased on account of softer food inflation. Core Inflation accelerated to 5.4%. Going forward trend in CPI is likely to be guided by factors mentioned by RBI in MPC i.e. Minimum support Prices (MSP) prices, Crude Oil Prices, Staggered impact of HRA increases, Fiscal Slippage, Rising InputOutput prices, Potential for 2nd round of inflation Impact and Monsoons. Among the awaited results are the PSU banks where they are expected to report sharp degrowth in earnings on aggressive NPA recognition this quarter. The NPA cycle continues to worsen also for the private corporate lenders with even some of the betterquality names showing divergence from RBI norms in NPA reporting. But as it is said, every cloud has a silver lining, some of the NCLT cases could see resolution in the month of May whose outcomes will be important for many of these banks. Secondly, rising commodity prices remain a challenge to manufacturing companies in terms of maintaining margins and will be interesting to watch how it is played through. Thirdly, it will be important to watch the Oil refineries numbers in middle of rising crude prices putting pressure on marketing margins. Though, they are expected to post healthy product cracks and to gain out of inventory gains due to uptick in crude oil prices QoQ in Q4FY18. Outlook Going forward the biggest concern for us is FII outflow in debt and equity. Last year debt market received huge inflow in excess of 1.40 lakh crores, most of which would have been unhedged considering the low volatility and the nature of such money. In first 4 months, approximately 14,000 crs have moved out and there is a significant amount of FII money lying unhedged and bleeding significantly due to rupee depreciation on one hand and weak domestic bond markets on the other hand. If US 10year yields continue to stay above 3%, these unhedged FII exposure could see moving out at a rapid pace. Although RBI has significant reserves, the problem it would create is lack of rupee liquidity which we are already experiencing in the debt market. It is recommended that we need to be careful on the market outlook and invest more in shorter end liquid segment. Recently, Indian Met department forecasted above normal monsoon at 97% of the longperiod average for the 2018 southwest monsoon, spelling good news for farmers. The forecast is critical to the government's hopes of achieving a projected growth rate of more than 7.5% as a good harvest could lift rural incomes and boost spending on consumer goods. Also, the GST collections in April exceeded Rs. 1 lakh crore making it as a landmark achievement and a confirmation of increased economic activity. EQUITY Market Review The month of April started on weak note as China imposed additional tariff on US, thus raising fear of trade war. However positive commentary on inflation by RBI, better than expected results from IT companies as well as IMD forecast of normal monsoon lead to rally in India markets. Thus, SENSEX gained 6.6% in month of April. However, in time to come, we expect CPI inflation to surge up from the current 4.3% in March 2018 led by higher food, pickup in economic activity and imported inflation. This means CPI inflation trajectory is likely to remain well above the RBI's target rate of 4% in next 12months leading to the RBI most likely increasing repo rates in next 6 months. For Equity markets, rising costled inflation rather than demandled inflation would be margin dilutive and it will bring back the discussion on pricing power ability on the table. Moreover, the combined effect of increased cost of capital and INR depreciation likely to have negative implications on domestic and FII flows with effect on multiples. We see FY19 to be a phase of better earnings but volatile returns. As a fund house, we continue to believe consumer centric players with strong distribution networks, differentiated products, no regulatory overhang on manufacturing units, strong urban base and clear competitive advantage are better placed to tide over any market volatility. Index for Industrial Production (IIP) recorded a growth of 7.1% in February compared to 7.4% in January. CPI inflation eased to 4.3% in March from 4.44 % in February. WPI inflation was 2.47% in March similar to 2.48% in February. GDP growth for Q3FY18 came at 7.2% as compared to 6.5% in Q2FY18. Sectorwise indices For month of February 18, Consumer Durable Index outperformed and returned 4.8%. Metal Index underperformed the market during the month returning 10.4%. 2
RISKOMETER LIC MF Fund Riskometer Long term capital growth Investment in equity and equity related securities Risk Moderately High Long term capital growth Investment in equity and equity related securities Risk Moderately High y tel Moderate era w d Mo Lo Mo de Hig rate h ly High LIC MF Equity Fund The Product Is Suitable For Investors Who Are Seeking * Low Name Of The LOW HIGH Investors understand that their principal will be at moderately high risk Long term capital growth Investment in equity and equity related instruments of companies directly or indirectly engaged in infrastructure sector Risk High LIC MF Tax Plan Long term capital growth Investment in equity and equity related securities Risk Moderately High LIC MF Index FundSensex Plan Long term capital growth Investment in equity instrument of respective index stocks subject to tracking errors. Risk Moderately High LIC MF Index FundNifty Plan Long term capital growth Investment in equity instrument of respective index stocks subject to tracking errors. Risk Moderately High LIC MF Exchange Traded Fund Nifty 50 Long term investment Investment in securities covered by NIFTY 50 Index, subject to tracking errors. Risk Moderately High Long term investment. Investment in securities covered by S&P BSE SENSEX, subject to tracking errors. Risk Moderately High LIC MF Exchange Traded Fund Nifty 100 Long term investment Investment in securities covered by NIFTY 100 Index, subject to tracking errors. Risk Moderately High LIC MF GSec Long Term Exchange Traded Fund Medium to long term regular income Investment in securities in line with Nifty 813 yr GSec Index to generate comparable returns subject to tracking errors. Risk Moderate LOW HIGH Investors understand that their principal will be at high risk M y tel Moderate oder era w Hig ate d h ly Mo Lo LOW HIGH Investors understand that their principal will be at moderately high risk y el rat de w Mo Lo LOW Moderate Mod Higerate h ly High LIC MF Exchange Traded Fund Sensex Low LIC MF Infrastructure Fund M y tel Moderate oder Hig ate era w d h ly Mo Lo Low Capital appreciation over long term Investment predominantly in a portfolio of equity & equity related securities of companies engaged in banking and financial services. Risk High Low LIC MF Banking and Financial Services Fund High Long term capital growth Investment in predominantly equity and equity related securities of midcap companies. Risk High High LIC MF Midcap Fund HIGH Investors understand that their principal will be at moderate risk 3
RISKOMETER LIC MF Balanced Fund Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High. M ely Moderate ode rat e Hig rate d w h ly Mo Lo LOW HIGH Investors understand that their principal will be at moderately high risk Long term capital appreciation and current income Investment in sovereign securities issued by Central State Government Risk Moderate y el rat de w Mo Lo Moderate Mod Higerate h ly High Low LIC MF Government Securities Fund Riskometer High LIC MF Unit Linked Insurance The Product Is Suitable For Investors Who Are Seeking * Low Name Of The LOW HIGH Investors understand that their principal will be at moderate risk Regular income for short term Investment in debt and money market instruments as well as equity and equity related instruments Risk Moderately High M y tel Moderate oder era w Hig ate d h ly Mo Lo High Low LIC MF Monthly Income Plan LOW HIGH Investors understand that their principal will be at moderately high risk Regular income for long term Investment in debt / money market instruments / Govt. securities Risk Moderate ely rat de ow o M L Moderate Mod Higerate h ly High Low LIC MF Bond Fund LOW HIGH Investors understand that their principal will be at moderate risk Long term capital appreciation and current income Investment in equity and equity related securities, fixed income securities (debt and money market securities). Risk Moderately High M ely Moderate ode rat e Hig rate d w h ly Mo Lo High Low LIC MF Children s Gift Fund LOW HIGH Investors understand that their principal will be at moderately high risk LIC MF Savings Plus Fund Regular Income for short term Investment in debt / money market instruments Risk Moderately Low Moderate Mo d Higerate h ly LOW HIGH Investors understand that their principal will be at moderately low risk Regular income for short term Investment in debt / money market instruments Risk Low ely rat de ow o M L LOW Moderate Mod Higerate h ly High Low LIC MF Liquid Fund ely rat de w Mo Lo Low Regular income for short term Investment in debt / money market instruments / Govt. securities Risk Moderately Low High LIC MF Income Plus Fund HIGH Investors understand that their principal will be at low risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 4
Type: An OpenEnded Equity An open ended pure scheme seeking to provide capital growth by investing mainly in equity instruments and also in debt and other permitted instruments of capital and money markets. The investment Date of Allotment: September 01, 1994 portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there AUM as on 30/04/2018: 247.35 Cr Average AUM as on 30/04/2018: 246.13 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: S&P BSE Sensex Minimum Investment: 5,000/ is no assurance that the investment objective of the will be realised. % of V Equity Holdings 14.85% V AS ON APRIL 30, 2018: V Regular Plan 25.4468 Dividend 17.3935 Direct Plan 26.6327 19.6798 1.77% Ashok Leyland Ltd. 3.57% Cummins India Ltd. 1.77% Mahindra & Mahindra Ltd. 2.87% Media & Entertainment 2.17% Ancillaries 4.13% Zee Entertainment Enterprises Ltd. 2.17% Motherson Sumi Systems Ltd. 4.13% Non 2.03% 15.83% Hindalco Industries Ltd. 2.03% 8.63% Pesticides 1.09% Kotak Mahindra Bank Ltd. 6.19% UPL Ltd. 1.09% 1.00% 6.00% Shree s Ltd. 3.00% Aurobindo Pharma Ltd. 3.09% Ultratech Ltd. 0.93% Dr. Reddy's Laboratories Ltd. 2.00% Larsen & Toubro Ltd. 3.32% Piramal Enterprises Ltd. 0.90% Retailing 3.68% Avenue Supermarts Ltd. 3.68% 9.87% Tata Consultancy Services Ltd. 5.88% 3.99% 2.07% 3.32% 4.41% 2.13% Hindustan Unilever Ltd. 0.00% Infosys Ltd. 0.88% Telecom Services 1.51% Tata Steel Ltd. 0.86% Bharti Airtel Ltd. 1.51% 0.02% 3.43% Tata Steel Ltd. (Partly Paid) RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 11.80% InterGlobe Aviation Ltd. 3.43% Housing Development Co. Ltd. 5.04% Equity Holdings Total 93.82% Bajaj Finserv Ltd. 3.74% Total Bajaj Ltd. 3.02% 3.6901 0.0101 0.8855 SECTOR ALLOCATION (% of V) 15.83% 14.85% Value of lumpsum investment of 10,000/ invested on inception date S&P BSE Sensex* S&P BSE Sensex* 12.40% 18.88% 11,247 11,900 11,701 7.92% 10.71% 12,573 13,572 13,640 14.15% 14.15% 19,385 19,387 19,286 4.02% 9.74% 10.30% 25,447 90,305 1,01,868 11.80% 9.87% 6.54% Ancillaries 6.00% 4.13% Retailing 3.43% 3.32% 3.68% Media & Entertainment 2.17% Non Industrial Capital Goods 1.94% 3.00% 2.03% 1.77% Telecom Services Pesticides 1.09% 0.88% 6.18% 6.54% Godrej Consumer Products Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.68 times 1.94% Britannia Industries Ltd. Direct: 1.59% 1.94% Bharat Electronics Ltd. 8.41% EXPENSE RATIO Regular: 2.58% % of V Maruti Suzuki India Ltd. HDFC Bank Ltd. FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years Industrial Capital Goods Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March, 2015 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns.* Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(3). SIP PERFORMANCE 1.51% SIP Investments * 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on April 30, 2018 ( ) 1,25,744 4,25,923 8,15,882 22,30,492 9.07 11.26 12.26 11.92 Benchmark Returns () (%) # 16.15 15.29 13.37 12.75 Additional Benchmark Returns () (%) ## 13.71 15.02 13.57 12.73 Returns () (%) Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 5
Type: An OpenEnded Equity The main investment objective of the scheme is to provide capital growth by investing mainly in equities. The Date of Allotment: April 15, 1993 However, there is no assurance that the investment objective of the will be realised. investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. AUM as on 30/04/2018: 336.92 Cr Average AUM as on 31/03/2018: 333.59 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: S&P BSE Sensex Minimum Investment: 5,000/FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years V AS ON APRIL 30, 2018: V Dividend Regular Plan Direct Plan 45.6739 47.2517 14.9480 18.2219 Regular: 2.56%; Direct: 1.66% ANNUAL PORTFOLIO TURNOVER RATIO: 0.71 times RISK MEASURES: Standard Deviation 4.6888 Sharpe Ratio 0.0296 Portfolio Beta 1.0425 % of V Equity Holdings Hero MotoCorp Ltd. Mahindra & Mahindra Ltd. Ancillaries Endurance Technologies Ltd. ICICI Bank Ltd. IndusInd Bank Ltd. Kotak Mahindra Bank Ltd. JK Lakshmi Ltd. Chemicals Tata Chemicals Ltd. Navin Fluorine International Ltd. KNR s Ltd Prestige Estates Projects Ltd. Larsen & Toubro Ltd. Bajaj Electricals Ltd. Dabur India Ltd. Jindal Steel & Ltd. Tata Steel Ltd. Housing Development Corporation Ltd. HDFC Standard Life Insurance Co Ltd. 5.51% 3.51% 2.00% 1.66% 1.66% 11.67% 4.53% 3.42% 1.97% 1.74% 1.28% 1.28% 4.74% 2.47% 2.27% 3.35% 1.74% 1.61% 4.73% 4.73% 3.45% 3.45% 2.24% 2.24% 3.96% 3.03% 0.93% 4.31% 3.31% 1.00% % of V Supreme Industries Ltd. Bharat Forge Ltd. AIA Engineering Ltd. Pesticides P I Industries Ltd. Reliance Industries Ltd. Indian Oil Corporation Ltd. Aurobindo Pharma Ltd. IPCA Laboratories Ltd. Jubilant Life Sciences Ltd. Cadila Healthcare Ltd. Sun Pharmaceutical Ind Ltd. Sanofi India Ltd. Tata Ltd. NTPC Ltd. Grid Corporation of India Ltd. Tech Mahindra Ltd. Infosys Ltd. Tata Consultancy Services Ltd. KPIT Technologies Ltd. Telecom Services Bharti Airtel Ltd. Equity Holdings Total Total SECTOR ALLOCATION (% of V) 13.76% 13.04% 6.12% 5.51% Chemicals 4.74% 4.73% 4.31% 3.45% 3.35% Pesticides Telecom Services Ancillaries Value of lumpsum investment of 10,000/ invested on inception date S&P BSE Sensex* S&P BSE Sensex* 11,701 5.31% 18.88% 10,534 11,900 4.74% 10.71% 11,492 13,572 13,640 11.16% 14.15% 16,980 19,387 19,286 6.25% 12.20% 12.89% 45,674 1,78,896 2,08,779 12.94% 11.67% 6.12% 2.54% 1.94% 1.65% 1.93% 1.93% 2.46% 1.69% 0.77% 13.76% 3.63% 2.98% 2.20% 2.14% 1.71% 1.10% 13.04% 5.20% 4.51% 3.32% 12.94% 4.61% 3.78% 2.65% 1.90% 1.71% 1.71% 98.85% 1.15% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(2). 3.96% 2.46% 2.24% 1.93% 1.71% 1.66% 1.28% SIP PERFORMANCE SIP Investments Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 10 Years * Market Value as on April 30, 2018 ( ) 1,23,186 4,06,273 7,52,760 19,61,391 Returns () (%) 5.00 8.03 9.02 9.50 Benchmark Returns () (%) # 16.15 15.29 13.37 12.75 Additional Benchmark Returns () (%) ## 13.71 15.02 13.57 12.73 Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 6
Type: An OpenEnded Equity To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies. However, there can be no assurance that the investment objective of the Date of Allotment: February 25, 2015 scheme will be realised. AUM as on 30/04/2018: 313.37 Cr Average AUM as on 30/04/2018: 301.82 Cr % of V Equity Holdings Ashok Leyland Ltd. Mahindra & Mahindra Ltd. Ancillaries Motherson Sumi Systems Ltd. Jamna Industries Ltd. MRF Ltd. Exide Industries Ltd. Tube Investments of India City Union Bank Ltd. HDFC Bank Ltd. The Ramco s Ltd. JK Lakshmi Ltd. Chemicals Tata Chemicals Ltd. GHCL Ltd. Vinati Organics Ltd. KNR s Ltd Brigade Enterprises Ltd. KEC International Ltd. Voltas Ltd. Bajaj Electricals Ltd. VIP Industries Ltd. Britannia Industries Ltd. Shankara Building Products Ltd. Bajaj Ltd. Max Financial Services Ltd. TI Financial Holdings Ltd. Motilal Oswal Financial Services Ltd. Gas Petronet LNG Ltd. Industrial Capital Goods Bharat Electronics Ltd. Supreme Industries Ltd. Pesticides UPL Ltd. Aurobindo Pharma Ltd. Sanofi India Ltd. Jubilant Life Sciences Ltd. Piramal Enterprises Ltd. Cadila Healthcare Ltd. Suven Life Sciences Ltd. Tata Ltd. Tata Consultancy Services Ltd. Persistent Systems Ltd. Telecom Equipment & Accessories Sterlite Technologies Ltd. Textile Products SRF Ltd. K.P.R. Mill Ltd. InterGlobe Aviation Ltd. Equity Holdings Total Total Exit Load: 1% upto 1 year and No Exit Load after Benchmark: Nifty Midcap 100 Index Minimum Investment: 5,000/FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years V AS ON APRIL 30, 2018: V Dividend Regular Plan Direct Plan 15.4628 16.0702 14.2024 14.7918 Regular: 2.56%; Direct: 0.52% ANNUAL PORTFOLIO TURNOVER RATIO: 1.03 times RISK MEASURES: Standard Deviation 4.0348 Sharpe Ratio 0.1846 Portfolio Beta 0.8200 5.77% 3.67% 2.09% 9.46% 3.84% 2.33% 1.45% 1.43% 0.40% 6.41% 3.43% 2.98% 3.02% 1.89% 1.14% 6.59% 3.89% 1.71% 0.98% 3.68% 1.91% 1.77% 4.91% 3.03% 1.89% 2.93% 1.88% 1.05% 3.47% 3.47% 1.47% 1.47% % of V SECTOR ALLOCATION (% of V) Ancillaries Chemicals Textile Products TeleEquipment & Accessories Industrial Capital Goods Gas Pesticides 9.46% 6.59% 6.41% 5.77% 5.75% 5.14% 4.91% 3.86% 3.68% 3.47% 3.02% 2.93% 2.61% 2.38% 1.67% 1.59% 1.47% 1.37% 1.22% 1.03% NIFTY MIDCAP 100 Index* 10.31% 5.75% 2.92% 1.51% 0.77% 0.56% 1.59% 1.59% 1.67% 1.67% 1.37% 1.37% 1.22% 1.22% 10.31% 2.93% 2.09% 2.06% 1.82% 0.78% 0.63% 1.03% 1.03% 5.14% 3.34% 1.81% 2.61% 2.61% 3.86% 2.75% 1.11% 2.38% 2.38% 84.63% 15.37% NIFTY MIDCAP 100 Index* 17.13% 13.28% 11,723 11,335 11,701 16.74% 18.34% 15,916 16,581 13,640 14.70% 16.39% 7.95% 15,463 16,197 12,752 Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 11. The scheme was launched on 25th Feb 2015, hence returns are available for 1yr, 3 yrs & since inception. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. : Not Available. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. * Benchmark. ** Additional Benchmark. : Not Available. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 3,80,000 Market Value as on April 30, 2018 ( ) 1,30,480 4,89,763 5,20,379 Returns () (%) 16.72 21.10 20.36 Benchmark Returns () (%) # 14.02 20.69 20.13 Additional Benchmark Returns () (%) ## 13.71 15.02 14.25 Past performance may or may not be sustained in the future. # Nifty Midcap 100 Index, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. 7
Type: An OpenEnded Banking & Financial Services Sector Fund banking & financial services sector. However, there can be no assurance that the investment objective of the Date of Allotment: March 27, 2015 will be realised. AUM as on 30/04/2018: 68.30 Cr Average AUM as on 30/04/2018: 67.76 Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: S&P BSE Bankex Minimum Investment: 5,000/FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years V AS ON APRIL 30, 2018: V Dividend Direct: 1.24% ANNUAL PORTFOLIO TURNOVER RATIO: 0.54 times RISK MEASURES: Standard Deviation 6.1178 Sharpe Ratio 0.0133 Portfolio Beta 0.9624 57.43% 32.51% 57.43% City Union Bank Ltd. Bank of Baroda ICICI Bank Ltd. DCB Bank Ltd. The South Indian Bank Ltd. HDFC Bank Ltd. The Federal Bank Ltd. IndusInd Bank Ltd. Axis Bank Ltd. Kotak Mahindra Bank Ltd. Yes Bank Ltd. 7.49% 6.84% 6.00% 5.92% 5.64% 4.68% 4.58% 4.43% 4.28% 4.07% 1.78% 1.72% 32.51% Cholamandalam Investment & Ltd. Dewan Housing Corporation Ltd. Housing Development Corporation Ltd. Multi Commodity Exchange Of India Ltd. CRISIL Ltd. ICICI Lombard General Insurance Co. Ltd. Equitas Holdings Ltd. Bajaj Ltd. Shriram Transport Ltd. Mahindra & Mahindra Financial Services Ltd Equity Holdings Total Total 6.35% 6.11% 5.51% 2.77% 2.28% 2.06% 2.06% 1.84% 1.77% 1.76% 89.94% 10.06% S&P BSE Bankex Index* S&P BSE Bankex Index* 8.19% 13.79% 9,177 11,387 11,701 3.73% 11.81% 11,164 13,982 13,640 % of V Equity Holdings SECTOR ALLOCATION (% of V) Regular Plan Direct Plan 11.0705 11.4205 11.0697 11.4041 Regular: 2.73%; The investment objective of the scheme is to generate longterm capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in 3.34% 12.07% 9.86% 11,071 14,230 13,379 Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. The scheme was launched on 27th March'2015, hence returns are available only for 1 yr, 3 yrs & since inception. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 3,70,000 Market Value as on April 30, 2018 ( ) 1,12,947 3,99,211 4,10,240 10.79 6.85 6.65 Benchmark Returns () (%) # 6.78 17.28 16.91 Additional Benchmark Returns () (%) ## 13.71 15.02 14.65 Returns () (%) Past performance may or may not be sustained in the future. # S&P BSE BANKEX INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. 8
Type: An OpenEnded Equity Sectoral The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 24, 2008 AUM as on 30/04/2018: 68.30 Cr Average AUM as on 30/04/2018: 69.54 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: S&P BSE 100 % of V Equity Holdings 22.91% % of V 5.84% SKF India Ltd. 3.93% HDFC Bank Ltd. 9.17% Cummins India Ltd. 1.92% ICICI Bank Ltd. 5.17% Minerals/Mining 1.84% City Union Bank Ltd. 4.30% Coal India Ltd. 1.81% 4.27% Gujarat Mineral Development Co Ltd. 0.04% Non 2.15% The Ramco s Ltd. 5.32% Hindalco Industries Ltd. 2.15% JK Lakshmi Ltd. 2.95% 2.21% Ultratech Ltd. 1.93% Indian Oil Corporation Ltd. 2.21% ACC Ltd. 1.86% 1.92% 4.96% Tata Ltd. 1.92% V AS ON APRIL 30, 2018: Brigade Enterprises Ltd. 2.61% Telecom Equipment & Accessories 3.16% V Dividend KNR s Ltd 2.35% Sterlite Technologies Ltd. 3.16% 11.75% Telecom Services 3.15% KEC International Ltd. 5.32% Bharti Airtel Ltd. 3.15% Sadbhav Engineering Ltd. 4.07% 5.11% Larsen & Toubro Ltd. 2.36% InterGlobe Aviation Ltd. 3.03% Gas 1.98% Container Corporation Of India Ltd. Petronet LNG Ltd. 1.98% Equity Holdings Total 81.87% Industrial Capital Goods 2.83% Total 18.13% Bharat Electronics Ltd. 2.83% Minimum Investment: 5,000/FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years Regular Plan Direct Plan 14.8098 15.5902 14.8109 15.4926 Regular: 2.70%; Direct: 1.40% ANNUAL PORTFOLIO TURNOVER RATIO: 0.62 times RISK MEASURES: Standard Deviation 12.05% 0.0150 Portfolio Beta 1.1474 S&P BSE 100* S&P BSE 100* 10.20% 16.75% 11,026 11,685 11,701 7.39% 11.80% 12,388 13,980 13,640 12.94% 15.07% 18,378 20,182 19,286 3.96% 10.69% 10.02% 14,810 27,903 26,239 SECTOR ALLOCATION (% of V) 22.91% 12.05% 11.75% TeleEquipment & Accessories 5.84% 5.11% 4.96% 3.16% Telecom Services 3.15% Industrial Capital Goods 2.83% 4.8463 Sharpe Ratio 2.07% 2.21% Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar managing the above scheme from 1st March 2013 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. SIP PERFORMANCE SIP Investments Non 2.15% 10 Years Gas 1.98% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 12,10,000 Minerals/Mining 1.92% Market Value as on April 30, 2018 ( ) 1,23,706 4,32,789 8,20,442 19,29,569 19,45,749 1.84% Returns () (%) 5.82 12.36 12.49 9.19 9.11 Benchmark Returns () (%) # 13.52 15.92 14.62 13.50 13.43 Additional Benchmark Returns () (%) ## 13.71 15.02 13.57 12.73 12.67 Past performance may or may not be sustained in the future. # S&P BSE 100 INDEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. 9
Type: An OpenEnded Equity Linked Tax Saving The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: March 31,1997 AUM as on 30/04/2018: 176.13 Cr Average AUM as on 30/04/2018: 169.66 Cr Exit Load: Nil (Subject to lockin period of 3 years) Benchmark: S&P BSE Sensex % of V Equity Holdings 9.52% Maruti Suzuki India Ltd. Ashok Leyland Ltd. Mahindra & Mahindra Ltd. 3.65% 3.53% 2.34% Ancillaries 5.19% Jamna Industries Ltd. Exide Industries Ltd. Motherson Sumi Systems Ltd. Tube Investments of India 2.27% 1.43% 1.10% 0.39% Minimum Investment: / 11.36% HDFC Bank Ltd. Kotak Mahindra Bank Ltd. City Union Bank Ltd. 5.74% 3.28% 2.35% 2.79% The Ramco s Ltd. JK Lakshmi Ltd. 1.45% 1.35% Chemicals 6.96% Tata Chemicals Ltd. Vinati Organics Ltd. GHCL Ltd. 2.92% 2.33% 1.71% 3.44% KNR s Ltd Brigade Enterprises Ltd. 1.85% 1.60% KEC International Ltd. 2.85% 2.85% 2.82% ANNUAL PORTFOLIO TURNOVER RATIO: Bajaj Electricals Ltd. VIP Industries Ltd. 1.66% 1.16% 0.41 times Britannia Industries Ltd. 2.95% 2.95% 2.25% Shankara Building Products Ltd. Tata Steel Ltd. Tata Steel Ltd. (Partly Paid) 1.46% 0.77% 0.01% 5.33% Bajaj Ltd. 2.92% FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years V AS ON APRIL 30, 2018: V Dividend Regular Plan Direct Plan 67.3863 70.7330 18.7201 19.7210 Regular: 2.43%; Direct: 1.43% RISK MEASURES: Standard Deviation 4.0453 Sharpe Ratio 0.0794 Portfolio Beta 0.9364 % of V Max Financial Services Ltd. TI Financial Holdings Ltd. 1.21% 1.19% Industrial Capital Goods Bharat Electronics Ltd. 1.07% 1.07% Supreme Industries Ltd. SKF India Ltd. 2.60% 1.66% 0.94% Media & Entertainment Zee Entertainment Enterprises Ltd. 1.97% 1.97% Non Hindalco Industries Ltd. 1.15% 1.15% Pesticides P I Industries Ltd. UPL Ltd. 2.46% 1.41% 1.06% Aurobindo Pharma Ltd. Jubilant Life Sciences Ltd. Piramal Enterprises Ltd. Sanofi India Ltd. Suven Life Sciences Ltd. 6.80% 2.40% 1.76% 1.26% 0.88% 0.51% Tata Ltd. 1.11% 1.11% Retailing Avenue Supermarts Ltd. 1.71% 1.71% Tata Consultancy Services Ltd. Persistent Systems Ltd. Infosys Ltd. Telecom Equipment & Accessories Sterlite Technologies Ltd. Textile Products SRF Ltd. K.P.R. Mill Ltd. InterGlobe Aviation Ltd. Equity Holdings Total Total SECTOR ALLOCATION (% of V) Chemicals Ancillaries Textile Products TeleEquipment & Accessories Pesticides Media & Entertainment Retailing Non Industrial Capital Goods 11.36% 6.96% 6.80% 6.76% 5.33% 5.19% 3.72% 3.44% 3.11% 2.95% 2.85% 2.82% 2.79% 2.63% 2.60% 2.46% 2.25% 1.97% 1.71% 1.15% 1.11% 1.07% 9.52% 2.63% 3.72% 2.47% 1.25% 3.11% 3.11% 90.58% 9.42% 6.76% 4.37% 1.46% 0.93% 2.63% S&P BSE Sensex* S&P BSE Sensex* 20.26% 18.88% 12,038 11,900 11,701 10.92% 10.71% 13,652 13,572 13,640 18.01% 14.15% 22,896 19,387 19,286 9.47% 12.59% 13.47% 67,386 1,22,060 1,43,740 Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 5th March 2015 and total no. of schemes managed by him is 11. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *Benchmark, **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(6). SIP PERFORMANCE 10 Years * Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on April 30, 2018 ( ) 1,32,501 4,64,748 9,16,230 25,09,942 SIP Investments Returns () (%) 20.03 17.35 16.98 14.13 Benchmark Returns () (%) # 16.15 15.29 13.37 12.75 Additional Benchmark Returns () (%) ## 13.71 15.02 13.57 12.73 Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. * data & TRI value of the Index are not available for since inception, hence performance for such period is not available. 10
Type: An OpenEnded Index Linked Equity The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 AUM as on 30/04/2018: 14.60 Cr Average AUM as on 30/04/2018: 14.13 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units % of V 8.97% Housing Development Co. Ltd. 8.97% 10.29% Maruti Suzuki India Ltd. 3.36% Minerals/Mining 1.07% Mahindra & Mahindra Ltd. 2.30% Coal India Ltd. 1.07% Tata Motors Ltd. 1.83% Oil 1.48% Hero MotoCorp Ltd. 1.39% Oil & Natural Gas Corporation Ltd. 1.48% 8.93% Reliance Industries Ltd. 8.93% 2.37% Sun Pharmaceutical Ind Ltd. 1.62% Dr. Reddy's Laboratories Ltd. 0.75% 2.83% NTPC Ltd. 1.53% 1.16% Tata Motors Ltd (DVR) 0.26% Minimum Investment: 5,000/ 30.67% HDFC Bank Ltd. FUND MAGER: Name: Mr. Saravana Kumar; Experience: 29+ years % of V Equity Holdings Bajaj Ltd. Benchmark: S&P BSE Sensex 11.39% ICICI Bank Ltd. 5.25% Kotak Mahindra Bank Ltd. 4.07% IndusInd Bank Ltd. 2.78% Axis Bank Ltd. 2.69% Grid Corporation of India Ltd. 1.30% 12.56% V AS ON APRIL 30, 2018: 2.61% Infosys Ltd. 6.59% V Regular Plan Direct Plan Yes Bank Ltd. 1.87% Tata Consultancy Services Ltd. 5.03% 64.9755 22.2712 4.89% Wipro Ltd. 0.94% Larsen & Toubro Ltd. 4.89% Telecom Services 1.32% 11.52% Bharti Airtel Ltd. 1.32% ITC Ltd. 6.87% 0.92% Hindustan Unilever Ltd. 3.08% Adani Ports & Special Economic Zone Ltd. Asian Paints Ltd. 1.56% Equity Holdings Total 1.36% Total 1.36% Dividend 66.8420 22.4298 Regular: 1.70%; Direct: 1.14% ANNUAL PORTFOLIO TURNOVER RATIO: 0.14 times Tata Steel Ltd. 0.92% 99.18% 0.82% RISK MEASURES: Tracking Error 0.18% 30.67% 12.56% 11.52% 10.29% 8.97% 8.93% 4.89% 2.83% 2.37% SECTOR ALLOCATION (% of V) S&P BSE Sensex* S&P BSE Sensex* 16.77% 18.88% 11,686 11,900 11,701 8.67% 10.71% 12,836 13,572 13,640 12.11% 14.15% 17,713 19,387 19,286 13.63% 17.93% 17.94% 71,625 1,27,019 1,27,117 Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(5). SIP PERFORMANCE SIP Investments 10 Years Oil 1.48% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,40,000 1.36% Market Value as on April 30, 2018 ( ) 1,28,847 4,38,352 7,97,643 21,04,538 46,31,509 Telecom Services 1.32% Returns () (%) 14.06 13.25 11.35 10.83 11.16 Minerals/Mining 1.07% Benchmark Returns () (%) # 16.15 15.29 13.37 12.75 0.92% Additional Benchmark Returns () (%) ## 13.71 15.02 13.57 12.73 14.32 Past performance may or may not be sustained in the future. # S&P BSE SENSEX, ## NIFTY 50 INDEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index. : Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not available. 11
Type: An OpenEnded Index Linked Equity AUM as on 30/04/2018: 22.15 Cr Average AUM as on 30/04/2018: 21.67 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 month from the date of allotments of units Benchmark: Nifty 50 Minimum Investment: 5,000/FUND MAGER: Name: Mr. Saravana Kumar; Experience: 29+ years V AS ON APRIL 30, 2018: Regular Plan Direct Plan 58.9230 60.5529 21.7348 22.3071 Regular: 1.20%; Direct: 0.64% % of V Equity Holdings Maruti Suzuki India Ltd. Mahindra & Mahindra Ltd. Tata Motors Ltd. Hero MotoCorp Ltd. Eicher Motors Ltd. Bajaj Ltd. 9.32% 2.77% 1.93% 1.49% 1.16% 1.03% 0.95% HDFC Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. IndusInd Bank Ltd. Axis Bank Ltd. Yes Bank Ltd. 25.66% 9.41% 4.31% 3.83% 2.29% 2.16% 2.07% 1.58% Ultratech Ltd. Grasim Industries Ltd. 2.00% 1.02% 0.98% Larsen & Toubro Ltd. 4.08% 4.08% Titan Ltd. 0.93% 0.93% ITC Ltd. Hindustan Unilever Ltd. Asian Paints Ltd. 9.53% 5.68% 2.56% 1.29% Tata Steel Ltd. 1.09% 1.09% Housing Development Corporation Ltd. Bajaj Ltd. Indiabulls Housing Ltd. Bajaj Finserv Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.48 times RISK MEASURES: Tracking Error index either Nifty/Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the will be realised. Date of Allotment: December 05, 2002 V Dividend The main investment objective of the fund is to generate returns commensurate with the performance of the 0.31% 10.24% 7.44% 1.07% 0.99% 0.75% Gas GAIL (India) Ltd. 0.66% 0.66% Media & Entertainment Zee Entertainment Enterprises Ltd. 0.75% 0.75% SECTOR ALLOCATION (% of V) 0.87% 0.87% Non 2.12% Vedanta Ltd. Hindalco Industries Ltd. 1.31% 0.80% Oil Oil & Natural Gas Corporation Ltd. 1.20% 1.20% Pesticides UPL Ltd. 0.61% 0.61% 9.89% Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. 7.85% 0.81% 0.70% 0.54% 3.16% Sun Pharmaceutical Ind Ltd. Cipla Ltd. Dr. Reddy's Laboratories Ltd. Lupin Ltd. 1.39% 0.73% 0.60% 0.46% 2.33% NTPC Ltd. Grid Corporation of India Ltd. 1.25% 1.09% Oil Minerals/Mining Media & Entertainment Gas Pesticides TeleEquipment & Accessories 25.66% 12.68% 10.24% 9.89% 9.53% 9.32% 4.08% 3.16% 2.33% 2.12% 2.00% 1.31% 1.20% 1.09% 0.93% 0.87% 0.75% 0.68% 0.66% 0.61% 0.60% 12.68% Infosys Ltd. Tata Consultancy Services Ltd. HCL Technologies Ltd. Tech Mahindra Ltd. Wipro Ltd. 5.38% 4.15% 1.40% 1.00% 0.75% Telecom Equipment & Accessories Bharti Infratel Ltd. 0.60% 0.60% Telecom Services Bharti Airtel Ltd. 1.31% 1.31% Adani Ports & Special Economic Zone Ltd. 0.68% 0.68% Equity Holdings Total Total 99.72% 0.28% Non Telecom Services % of V Minerals/Mining Coal India Ltd. S&P BSE Sensex** NIFTY 50* NIFTY 50* 14.67% 18.88% 11,475 11,701 9.14% 10.71% 13,005 13,640 13,572 12.32% 14.15% 17,881 19,286 19,387 12.91% 17.94% 17.93% 64,924 1,27,117 1,27,019 S&P BSE Sensex** 11,900 Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Saravana Kumar is managing the above scheme from 17th April 2018 and total no. of schemes managed by him is 7. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *Benchmark, **Additional Benchmark. The performance of the scheme is benchmarked to the Total Return variant of the index. For detailed disclaimer, please refer page no 27(4). SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,40,000 Market Value as on April 30, 2018 ( ) 1,27,011 4,36,536 8,05,407 21,27,225 45,13,887 Returns () (%) 11.10 12.96 11.03 10.87 Benchmark Returns () (%) # 13.71 15.02 13.57 12.73 14.32 Additional Benchmark Returns () (%) ## 16.15 15.29 13.37 12.75 11.74 Past performance may or may not be sustained in the future. # NIFTY 50 INDEX, ## S&P BSE SENSEX. Assuming 10,000/ invested systematically on the first Business Day of every month over a period of time. returns are computed after accounting for the cash by using XIRR method (investment internal rate of return) for Regular Plan Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. The Mutual Fund is not guaranteeing or promising or forecasting any returns. The performance of the scheme is benchmarked to the Total Return variant of the index.. : Since TRI data is not available prior to 31/05/2007 for S&P BSE Sensex, performance for such period is not available. 12
Type: An OpenEnded Exchange Traded Fund. The investment objective of the scheme is to provide returns that closely correspond to the total returns of Date of Allotment: November 20, 2015 the objective of the scheme will be achieved. AUM as on 30/04/2018: 471.69 Cr Average AUM as on 30/04/2018: 459.29 Cr securities as represented by NIFTY 50 Index, subject to tracking errors. However there is no assurance that % of V Equity Holdings Exit Load: Nil Liquidity: The Units of the scheme will be listed on National Stock Exchange(NSE) & Bombay Stock Exchange Ltd.(BSE). Benchmark: Nifty 50 Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit % of V Minerals/Mining 0.88% 9.23% Coal India Ltd. 0.88% Maruti Suzuki India Ltd. 2.70% Non 2.16% Mahindra & Mahindra Ltd. 1.93% Tata Motors Ltd. 1.49% Vedanta Ltd. Hindalco Industries Ltd. 1.33% 0.83% Hero MotoCorp Ltd. 1.15% Oil 1.23% Eicher Motors Ltd. Bajaj Ltd. 1.00% 0.97% Oil & Natural Gas Corporation Ltd. 1.23% Pesticides 0.63% UPL Ltd. 0.63% 25.54% HDFC Bank Ltd. 9.32% 9.91% ICICI Bank Ltd. 4.32% Reliance Industries Ltd. 7.86% Kotak Mahindra Bank Ltd. 3.82% Indian Oil Corporation Ltd. 0.80% IndusInd Bank Ltd. 2.29% 2.16% Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. 0.73% 0.53% Axis Bank Ltd. Yes Bank Ltd. 2.07% 1.55% 3.21% Sun Pharmaceutical Ind Ltd. 1.38% 2.01% Cipla Ltd. 0.74% Ultratech Ltd. Grasim Industries Ltd. 1.03% 0.98% Dr. Reddy's Laboratories Ltd. Lupin Ltd. 0.62% 0.48% Larsen & Toubro Ltd. 4.09% 4.09% 2.34% ANNUAL PORTFOLIO TURNOVER RATIO: Titan Ltd. 0.93% 0.93% NTPC Ltd. Grid Corporation of India Ltd. 1.24% 1.10% 0.09 times 9.49% FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years V AS ON APRIL 30, 2018: V Regular Plan 109.8596 Regular: 0.10% Tracking Error 5.39% Tata Consultancy Services Ltd. 4.02% HCL Technologies Ltd. 1.33% Tech Mahindra Ltd. Wipro Ltd. 0.96% 0.75% Telecom Equipment & Accessories 0.60% Bharti Infratel Ltd. 0.60% 1.05% Telecom Services 1.30% Indiabulls Housing Ltd. Bajaj Finserv Ltd. 1.01% 0.74% Bharti Airtel Ltd. 1.30% 0.68% Gas GAIL (India) Ltd. 0.68% 0.68% Adani Ports & Special Economic Zone Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. 0.78% 0.78% Total 5.68% Hindustan Unilever Ltd. Asian Paints Ltd. 0.12% 2.50% 1.30% Tata Steel Ltd. Non Telecom Services Oil Minerals/Mining Media & Entertainment Gas Pesticides TeleEquipment & Accessories 10.20% Housing Development Co. Ltd. 25.54% 12.45% 10.20% 9.91% 9.49% 9.23% 4.09% 3.21% 2.34% 2.16% 2.01% 1.30% 1.23% 1.09% 0.93% 0.88% 0.78% 0.68% 0.68% 0.63% 0.60% 1.09% 1.09% SECTOR ALLOCATION (% of V) 12.45% Infosys Ltd. ITC Ltd. RISK MEASURES: Bajaj Ltd. 7.41% 99.42% NIFTY 50* S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 18.88% 11,678 11,701 11,900 14.70% 15.03% 14.76% 13,983 14,081 14,000 16.68% 0.58% 0.68% Equity Holdings Total Different plans shall have a different expense structure. The performance details provided herein are of Regular plan option. Mr. Sachin Relekar is managing the above scheme from 20th November 2015 and total no. of schemes managed by him is 11. The scheme was launched on 20th Nov'2015, hence returns are available only for 1 year. Past performance may or may not be sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. * Benchmark, ** Additional Benchmark. : Not Available. The performance of the scheme is benchmarked to the Total Return variant of the index. 13