*Data Source: Bloomberg and Internal Research, Data as on 31st Dec 2013.

I would also like to take this opportunity to introduce our latest offering. As I write this note, it gives me immense pleasure to present the MOSt Focused Midcap 30 Fund (an open ended equity scheme). In an endeavor to benefit our investors from the midcap stocks on the Indian stock markets, we have launched this fund from February 3, 2014 to February 17, 2014. The objective of the fund is to achieve long term appreciation by investing in a maximum of 30 quality midcap companies having long term competitive advantages and potential for growth. Currently, the Price to Earnings (PE) of CNX MidCap is 14X as compared to CNX Nifty which is at 16X*. This makes the CNX MidCap a more interesting and attractive investment option. As a fund house, we believe that there may be a plenty of midcap companies available in the markets which are under-researched but have high growth potentials*. The endeavor would be to identify and invest into companies which are in the transition stage from emergence to endurance phase of their business life. These kind of companies may attain or even exceed the desired growth albeit their management capabilities and multiple other factors. Longer term investments in such companies may lead to wealth creation in ones portfolio. As always, I would be happy to take your feedback. So, incase you wish to share your views, please feel free to write to me at aashishps@motilaloswal.com Aashish P Somaiyaa Managing Director and CEO Asset Management Company. *Data Source: Bloomberg and Internal Research, Data as on 31st Dec 2013. 2

Product Suitability Name of the This product is suitable for investors who are seeking* Name of the This product is suitable for investors who are seeking* MOSt Shares M50 ETF (MOSt Shares M50) MOSt Shares Midcap 100 ETF (MOSt Shares Midcap 100) MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100) Return that corresponds generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error in equity securities of CNX Nifty Index High risk (BROWN) Return that corresponds generally to the performance of the CNX Midcap 100 Index, subject to tracking error in equity securities of CNX Midcap Index High risk (BROWN) Return that corresponds generally to the performance of the NASDAQ 100 Index, subject to tracking error in equity securities of NASDAQ 100 Index High risk (BROWN) MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund) MOSt Shares Gold ETF (MOSt Gold Shares) MOSt Focused 25 Fund (MOSt Focused 25 Fund) MOSt Ultra Short Term Bond Fund Long term capital appreciation in securities issued by the C e n t r a l G o v e r n m e n t a n d S t a t e Government. Low risk (BLUE) Return by investing in Gold Bullion, subject to tracking error over long term in Gold Bullion High risk (BROWN) Return by investing in upto 25 companies with long term sustainable competitive advantage and growth potential in Equity and equity related instruments subject to overall limit of 25 companies High risk (BROWN) Optimal returns consistent with moderate levels of risk in debt securities and money market securities with average maturity less than equal to 12 months Medium risk (YELLOW) *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Note: Risk is represented as (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk Risk Disclosure and Disclaimer Statutory Details: Constitution: Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Trustee: Trustee Company Ltd. Manager: Asset Management Company Ltd. Sponsor: Securities Ltd. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the 's objectives will be achieved (2) As the price / value / interest rates of the securities in which the invests fluctuates, the Net Asset Value (NAV) of units issued under the may go up or down depending upon the factors and forces affecting the securities market (3) Past performance of the Sponsor/AMC/Mutual Fund and its affiliates does not indicate the future performance of the and may not provide a basis of comparison with other investments (4) MOSt Shares M50 ETF (MOSt Shares M50), MOSt Shares Midcap 100 ETF (MOSt Shares Midcap 100), Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ100), MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund), MOSt Shares Gold ETF (MOSt Gold Shares), MOSt Focused 25 Fund and MOSt Ultra Short Term Bond Fund are the name of the s and does not in any manner indicate either the quality of the s, its future prospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Advisor before they invest in the (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial contribution made by it of an amount of Rs. 1 Lac towards setting up of the Mutual Fund (6) The present s are not guaranteed or assured return s. Mutual Fund investments are subject to market risks, read all scheme related documents carefully 3 RR00004_40112_010

MOSl Focused 25 Fund (An open ended Equity ) Name Type of MOSt Focused 25 Fund An Open Ended Equity The investment objective of the is to achieve long term capital appreciation by investing in upto 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no assurance or guarantee that the investment objective of the would be achieved. CNX Nifty Index Details NAV Quarterly AAUM (Dec. 31st, 2013) Standard Deviation# 13 May 2013 Growth Plan `10.1181 Dividend Plan `10.1181 Direct Growth Plan `10.2343 Direct Dividend Plan `10.2343 `96.50 (` crores) Regular Plan 2.50% p.a. Direct Plan 1.00% p.a. 4.07 (per month) Continuous Offer Entry / Exit Load Minimum Application Amount : `5,000/- and in multiples of `1 /- thereafter. Additional Application Amount : `1,000/- and in multiples of `1/- thereafter. Nil Mr. Taher Badshah Sharpe Ratio Portfolio Turnover Ratio Beta* R-Squared* -0.14 (per month) He has 18 years of experience in fund management and investment research. He has been managing this fund since inception. 0.24 0.80 0.82 ^Since inception till date, excluding applicable taxes. *Against the benchmark CNX Nifty Index. # Risk free returns based on 365-days T-bill cut-off of 8.67% as on the last auction. Industry Allocation Holdings Sr. No. Scrip Weightage in F25 Software Banks Auto Finance Oil Consumer Non Durables Transportation Pharmaceuticals Textile Products Consumer Durables Telecom - Services Chemicals Construction Project Industrial Products Cash & Equivalent 6.42% 6.00% 5.58% 5.38% 4.71% 4.48% 4.47% 4.26% 3.55% 2.27% 3.43% 8.96% 9.74% 10.63% 20.12% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Tata Consultancy Services Limited Tech Mahindra Limited HDFC Bank Limited ITC Limited Container Corporation of India Limited Divi's Laboratories Limited Tata Motors Limited Page Industries Limited Housing Development Finance Corporation Limited Bata India Limited Idea Cellular Limited Sundaram Finance Limited Pidilite Industries Limited Cairn India Limited Infosys Limited Larsen & Toubro Limited Kotak Mahindra Bank Limited Hero MotoCorp Limited Maruti Suzuki India Limited Oil & Natural Gas Corporation Limited Cummins India Limited 8.82% 7.21% 7.14% 6.00% 5.58% 5.38% 4.79% 4.71% 4.56% 4.48% 4.47% 4.40% 4.26% 4.12% 4.09% 3.55% 3.49% 2.58% 2.37% 2.30% 2.27% Industry classification as recommended by AMFI Returns for MOSt Focused 25 Fund are not provided because the scheme has not completed 1 year. 4

Mosl ULTRA SHORT TERM BOND FUND (An open ended Debt ) Name Type of Continuous Offer Entry / Exit Load MOSt Ultra Short Term Bond Fund An Open Ended Debt The investment objective of the is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. However, there can be no assurance or guarantee that the investment objective of the would be achieved. CRISIL Short Term Bond Fund Index. Minimum Application Amount : `5,000/- and in multiples of `1/- thereafter. Additional Application Amount : `1000/- and in multiples of `1/- thereafter. Nil Details NAV 6 September 2013 Direct Plan- Growth Direct Plan-Daily Dividend Option Direct Plan-Fortnightly Dividend Option Regular Plan- Growth Regular Plan-Daily Dividend Option Regular Plan-Fortnightly Dividend Option `10.0030 Regular Plan-Monthly Dividend Plan Quarterly AAUM (Dec. 31st, 2013) `53.89 (` crores) Regular Plan-Weekly Dividend Option Regular Plan Direct Plan 1.00% p.a. 0.25% p.a. `10.3606 `10.0000 `10.0038 `10.3289 `10.0004 `10.0615 `10.0029 ^Year-to-date, excluding applicable taxes. Portfolio Security Issuer % of holding (as on 31.12.13) Indusind Bank CD PUNJAB NATIONAL BANK CD CANARA BANK CD Indian Bank LTD CD STATE BANK OF HYDERABAD CD Reverse REPO/Cash/Others Indusind Bank Punjab National Bank Canara Bank Indian Bank State Bank of Hyderabad 16.50 16.58 16.51 15.80 24.27 9.66 Quantitative Indicators Average Maturity * YTM Mr. Abhiroop Mukherjee 0.24 Years / 87.24 days 9.0193% *For USTBF Modified Duration is equal to its Average maturity. He has over 6 years of experience in the Financial Services Industry. He has been managing this fund since inception. Returns for MOSt Ultra Short Term Bond Fund are not provided because the scheme has not completed 1 year. NOTE : Mr. Abhiroop Mukherjee is also fund manager for MOSt 10 Year Gilt Fund. The returns for which are on page no. 9. 5

(An open ended Exchange Traded Fund) Name MOSt Shares M50 ETF (MOSt Shares M50) Type of An open ended Exchange Traded Fund Details NAV - Growth Plan Quarterly AAUM (Dec. 31st, 2013) 28 July 2010 `80.3336 `43.19 (` crores) The seeks investment return that corresponds Tracking Error* 0.31% (Annualised) (before fees and expenses) generally to the Performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio 1.25% p.a. 21.10 (Annualised) -0.37 (Annualised) 0.72 Continuous Offer MOSt 50 Basket and CNX Nifty Index On NSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 50,000 units and in multiples thereof. Beta R-Squared NSE & BSE Symbol Bloomberg Code Reuters Code M50 MOSTM50 M50.NS MOSt 50 1.00 1.00 ISIN Code Entry Load Exit Load CNX Nifty 1.10 0.94 *Against the benchmark MOSt 50 Basket ^Year-to-date, excluding applicable taxes. #Risk free returns based on 365- days T-bill cut-off of 8.67% as on the last auction. INF247L01015 Mr. Anubhav Srivastava He has 18 years of experience in the Financial Services Industry. MOSt Shares M50 Performance Date Since Inception till Dec. 31, 2013 Dec. 31, 2012 to Dec. 31, 2013 Dec. 31, 2011 to Dec. 31, 2012 Dec. 31, 2010 to Dec. 31, 2011 MOSt Shares M50 Returns^ 3.69% 7.06% 34.09% -29.36% MOSt 50 Basket Returns 4.92% 8.51% 35.22% -28.86% Current Value of Standard of Rs. 10,000/- CNX Nifty Returns 4.63% 6.76% 27.70% -24.62% MOSt Shares M50 Returns (INR) ^ MOSt 50 Basket Returns (INR) 11,322 11,790 N. A. CNX Nifty Returns (INR) 11,679 NAV per unit : Rs 88.3485 (Dec 31, 2013); Rs 82.5254 (Dec 31, 2012); Rs 61.5442 (Dec 31, 2011); Rs 87.1199 (Dec 31, 2010); Rs 78.0343 (July 28, 2010) Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Additional benchmark for the scheme is CNX Nifty Index. ^Past performance may or may not be sustained in the future. Industry Allocation Banks Auto Construction Finance Power Construction Project Software Non - Ferrous Metals Minerals/Mining Cement Petroleum Products Pharmaceuticals Consumer Non Durables Ferrous Metals Oil Industrial Capital Goods Gas Telecom - Services Cash & Equivalent 0.68% 0.65% 0.57% 0.47% 1.68% 1.32% 1.19% 2.96% 4.77% 4.70% 4.61% 6.60% 6.27% Industry classification as recommended by AMFI 8.39% 8.22% 8.11% 11.78% 13.85% 13.18% Sr. No. 1 2 3 4 5 6 7 8 9 Top 10 Holdings 10 Scrip Larsen & Toubro Limited Jaiprakash Associates Limited Hindalco Industries Limited Mahindra & Mahindra Limited Housing Development Finance Corporation Limited DLF Limited Infosys Limited Tata Power Company Limited Bharat Petroleum Corporation Limited Axis Bank Limited Weightage in M50^ 8.11% 7.12% 6.27% 5.02% 4.79% 4.66% 4.35% 4.20% 4.03% 3.84% ^MOSt Shares M50 NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares Midcap 100, MOSt Shares NASDAQ 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 7, 8 and 10 respectively. 6

IMidcap 100 (An open ended Index Exchange Traded Fund) MOSt Shares Midcap 100 ETF Name (MOSt Shares Midcap100) Details NAV - Growth Plan 31 January 2011 `7.8096 Type of An open ended Index Exchange Traded Fund Quarterly AAUM (Dec. 31st, 2013) `34.90(` crores) The seeks investment return that corresponds (before fees and expenses) to the performance of CNX Midcap Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the would be achieved. Tracking Error* Standard Deviation Sharpe Ratio# Portfolio Turnover Ratio Beta* 0.42% (Annualised) 1.00% p.a. 21.45 (Annualised) -0.43 (Annualised) 0.87 1.00 CNX Midcap Index R-Squared* 1.00 Continuous Offer On NSE/BSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund: Investors can buy/sell units of the only in creation unit size i.e. 2,50,000 units and in multiples thereafter. *Against the benchmark CNX Midcap Total Return Index ^Year-to-date. # Risk free returns based on 365-days T-bill cut-off of 8.67% as on the last auction. NSE / BSE Symbol M100 ISIN Code INF247L01023 Bloomberg Code MOST100 Entry Load Reuters Code M100.NS Exit Load Mr. Anubhav Srivastava He has 18 years of experience in the Financial Services Industry. MOSt Shares Midcap 100 Performance Additional Date MOSt Shares Midcap100 Returns^ CNX Midcap Returns CNX Nifty Returns December 31, 2012 to December 31, 2013-4.00% -5.10% 6.76% December 31, 2011 to December 31, 2012 40.32% 39.16% 27.70% Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Additonal for equity scheme is CNX Nifty Index. ^Past performance may or may not be sustained in the future. Industry Allocation Pharmaceuticals Banks Consumer Non Durables Finance Auto Ancillaries Industrial Capital Goods Power Transportation Software Cement Ferrous Metals Petroleum Products Telecom - Services Healthcare Services Consumer Durables Trading Auto Gas Oil Industrial Products Pesticides Services Media & Entertainment Construction Project Chemicals Telecom - Equipment & Accessories Non - Ferrous Metals Hotels Construction Cash & Equivalent 12.82% 10.23% 10.23% 8.21% 6.16% 5.35% 5.21% 4.53% 3.67% 2.49% 2.36% 2.34% 2.33% 2.01% 1.99% 1.99% 1.91% 1.87% 1.83% 1.70% 1.69% 1.69% 1.43% 1.32% 1.31% 0.92% 0.86% 0.83% 0.48% 0.24% Top 10 Holdings Sr. No. Scrip 1 Divi's Laboratories Limited 2 Reliance Communications Limited 3 Glenmark Pharmaceuticals Limited 4 Adani Ports and Special Economic Zone Limited 5 Apollo Hospitals Enterprise Limited 6 Oracle Financial Services Software Limited 7 Mahindra & Mahindra Financial Services Limited 8 Adani Enterprises Limited 9 Oil India Limited 10 Aurobindo Pharma Limited Weightage in Midcap 100^ 2.37% 2.33% 2.22% 2.15% 2.01% 1.91% 1.87% 1.86% 1.83% 1.76% Industry classification as recommended by AMFI ^MOSt Shares Midcap 100 NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares M50, MOSt Shares NASDAQ 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 6, 8 and 10 respectively. 7

nasdaq 100 (An open ended Index Exchange Traded Fund) I I Name MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100) Details NAV - Growth Plan 29 March 2011 `220.5479 Type of An open ended Index Exchange Traded Fund Quarterly AAUM (Dec. 31st, 2013) `83.59 (` crores) Tracking Error* 0.41% (Annualised) The seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ-100 Index, subject to tracking error. However, there can be no assurance or guarantee that the Standard Deviation Sharpe Ratio# 1.00% p.a. 12.92 (Annualised) 1.69 (Annualised) investment objective of the would be achieved. Portfolio Turnover Ratio 0.24 NASDAQ-100 Index Beta* R-Squared* 1.00 1.00 On NSE & BSE: Investors can buy/sell units of the in round lot of 1 unit and in multiples thereof. *Against the benchmark with NASDAQ 100 Total Return Index ^Year-to-date. # Risk free returns based on 365-days T- bill cut-off of 8.67% as on the last auction. Continuous Offer Directly with the Mutual Fund: Investors can buy/sell units NSE & BSE Symbol N100 ISIN Code INF247L01031 of the only in creation unit size i.e. 100,000 units Bloomberg Code MOSTNDX Entry Load and in multiples thereafter. Reuters Code N100.NS or N100.BO Exit Load Mr. Anubhav Srivastava He has 18 years of experience in the Financial Services Industry. MOSt Shares NASDAQ 100 Performance Additional Date MOSt Shares NASDAQ-100 Returns^ NASDAQ-100 Index (In INR) CNX Nifty Returns December 31, 2012 to December 31, 2013 54.86% 54.77% 6.76% December 31, 2011 to December 31, 2012 17.44% 17.51% 27.70% Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. Additonal for equity scheme is CNX Nifty Index. ^Past performance may or may not be sustained in the future. Industry Allocation Software & Services Technology Hardware & Equipment Pharmaceuticals, Biotechnology Retailing Media Semiconductors & Semiconductor Internet Software & Services Health Care Equipment & Services Food Products Consumer Services Food & Staples Retailing Biotechnology Semiconductors Telecommunication Services Capital Goods Wireless Telecommunication Services Consumer Durables & Apparel AutoMobile Computers & Peripherals Life Sciences Tools & Services Transportation Hotels Restaurants & Leisure Semiconductors & Semiconductor Food Beverages & Tobacco Beverages Materials Professional Services Health Care Providers & Servic Internet & Catalog Retail Commercial & Professional Services Specialty Retail Cash & Equivalent 25.25% 18.78% 9.84% 8.82% 8.17% 6.86% 3.11% 2.65% 2.24% 1.87% 1.73% 1.52% 1.17% 0.92% 0.84% 0.70% 0.59% 0.56% 0.52% 0.48% 0.43% 0.37% 0.30% 0.30% 0.29% 0.28% 0.27% 0.26% 0.25% 0.25% 0.24% 0.14% Industry Classification is as per Global Industry Classification Standard (GICS). Top 10 Holdings Sr. No. Scrip 1 Apple 2 Google 3 Microsoft Corporation 4 Amazon.com 5 Gilead Sciences 6 QUALCOMM 7 Intel Corporation 8 Cisco Systems 9 Comcast Corporation 10 Facebook Weightage in N100^ 11.30% 7.89% 7.74% 4.63% 3.14% 3.11% 3.09% 2.95% 2.91% 2.88% ^MOSt Shares NASDAQ 100 NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares M50, MOSt Shares Midcap 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 6, 7 and 10 respectively. 8

Mosl10 Year gilt fund (An open ended Gilt ) Name Type of Continuous Offer Load Portfolio MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund) An Open Ended Gilt The primary investment objective of the scheme is to generate credit risk - free return by investing in a portfolio of securities issued by the Central Government & State Government. However there can be no assurance or guarantee that the investment objective of the would be achieved. CRISIL 10 Year Gilt Index Minimum Application Amount : `10,000 /- and in multiples of `1 /- thereafter. Additional Application Amount : `1000 /- and in multiples of `1/- thereafter. Entry - Nil; Exit - 0.25% if redeemed within 30 days.* Security Issuer % of holding 8.83% GOI 2023 Reverse REPO/Cash/Others Quantitative Indicators Average Maturity Modified Duration YTM Mr. Abhiroop Mukherjee Government of India 9.59 Years 6.23 Years 8.7533% 97.69 2.31 He has over 6 year experience in the Financial Services Industry. He has been managing this fund since inception. Details Quarterly AAUM (Dec. 31st, 2013) Dividend History Record Date Dividend Option Dividend per Unit (Rs.) May 17, 2012 0.1930 12 December 2011 Growth Plan Dividend Plan Direct Dividend Plan `66.51 (` crores) Cum Dividend NAV `10.7485 `9.9761 NAV Direct Growth Plan `10.7589 Regular Plan Direct Plan `10.0516 0.99% p.a. 0.91% p.a. ^Year-to-date. Ex Dividend NAV* 10.2397 10.0873 January 8, 2013 0.5850 10.8017 10.2259 Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Performance Period December 31 2012 to December 31 2013 MOSt 10 Year Gilt Fund Returns^ -2.24% CRISIL 10 Year Gilt Index -2.05% Returns for one year are absolute, ^ Past performance may or may not be sustained in the future *The exit load structure has been changed from 0.50% to 0.25% w.e.f. March 14, 2013 vide addendum dated March 13, 2013. NOTE : Mr. Abhiroop Mukherjee is also fund manager for MOSt Ultra Short Term Bond Fund. Past Performance of the said scheme has not been provided as the scheme has not completed 1 year. 9

Mosl GOLD SHAREs (An open ended Exchange Traded Fund) Name Type of Continuous Offer Portfolio Security Type Gold Cash & Other Receivables Net Assets MOSt Shares Gold ETF An Open Ended Exchange Traded Fund The objective of the scheme is to provide return by investing in Gold Bullion. The performance of the fund will be benchmarked to the Spot Gold Price. However, the performance of the schame may differ from that of the index due to tracking error. There can be no assurance or gurantee of the investment objective of the scheme would be achived. Spot Domestic Gold Price On NSE & BSE: Investor can buy/sell units in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund : Investor can buy / sell units of the scheme in creation of Unit Size. Mr. Anubhav Srivastava % of holding 98.82% 1.18% 100.00% He has 18 years of experience in the Financial Services Industry. Details NAV - Growth Plan Quarterly AAUM (Dec. 31st, 2013) Tracking Error NSE & BSE Symbol Bloomberg Code ISIN Code Performance Period December 31, 2012 to December 31, 2013 MGOLD MOSTGLD INF247L01072 22 March 2012 `2712.8534 `55.71 (` crores) 1.50% p.a. 0.29% (Annualised) Entry Load Exit Load MOSt Gold Shares ETF Returns (%) ^ -14.44% Returns for one year are absolute. Returns for more than one year are compounded annualized; ncase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. ^Year-to-date. Spot Domestic Gold Price Returns (%) ^ -13.26% NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50, MOSt Shares Midcap 100 and MOSt Shares NASDAQ 100, the performance of which is mentioned on page no. 6, 7 and 8 respectively. 10

India's 1st Fundamentally weighted ETF based on CNX Nifty Index (Nifty50) which consists of a diversified portfolio of top 50 Indian companies which are part of Nifty50. M50 Basket (also referred as Nifty50 Re-mixed), consists of all stocks of Nifty50 with Capital allocation determined by AMC's proprietary 4 factor methodology based on: i) Shareholders funds / Networth / Shareholders Equity ii) Return on Equity iii) Plowback Ratio iv) Price This eliminates the bias of size and expensiveness in an investment portfolio through higher allocation to constituents with good financial performance & reasonable valuation and lower allocation to constituents with poor financial performance & high valuation. Capital allocation rebalanced whenever there is change in Nifty 50 constituents or 12 months from last rebalance, whichever is earlier. M50 basket is calculated and maintained by India Index Service Limited. The active mutual funds in the industry has expense ratios ranging between 2 to 3 percent (Source: MFI Explorer) where as ETFs like M50 levy 1.25 percent. Mutual Fund IMidcap 100 While the index corrected sharply and then rebound, the valuations remain below 2012 levels. Price/EPS for CY 2013 was 14.36 whereas currently it is around 13.28. However, Price/Sales for the Index is close to where it was last year (0.96 v/s 0.98) and EV/EBITDA is similarly at 10.25 v/s 10.67 showing a possible revival in fortunes of underlying companies and making the CNX Midcap Index attractive. This is an ideal product to if you expect that the markets will get into bullish mode for next 5 years. Source: Bloomberg Data as on January 31, 2014. Mutual Fund nasdaq 100 I I The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. A recent example (of companies in NASDAQ 100 Index) has been of Tesla Motors which returned a handsome 20.63% CYTD. The other companies like Illumina Inc., facebook Inc., Alexion Pharmaceuticals have returned 37.41%, 14.47% and 19.29% respectively. Source: Bloomberg Data as on January 31, 2014. To know more about ETFs, please visit: www.mostshares.com/etf-basics.aspx Mutual Fund Mosl10 Year gilt fund The fund is a play on the interest rate cycle where illiquidity premiums are the low (10 year benchmark G-Sec is the most liquid segment of the market) and provides Credit risk free returns (the exposure to sovereign risk). Interest rates have been hovering near 9 percent for some time, making it a good time to invest should an investor have possible capital appreciation as an investment objective. As there are no active duration calls or duration management, advisors and investors alike can look at this fund to either benefit from the interest rate cycle or to manage duration of their portfolios. Since there is no index exposure available in the debt market, MOSt 10 Year Gilt Fund may be used for exposure to one of the most liquid debt securities. 11