JUNE 2018 A new day at school A Daily SIP for their bright future! Invest in This product is suitable for investors who are seeking* To know more, please consult your Financial Advisor Long term capital appreciation and current income A fund that invests both in stocks and fixed income instruments Call Toll Free OR 18002585678 Risk Moderately High RISKOMETER Investors understand that their principal will be at Moderately High Risk Connect with us: /LICMutual /LICMutual /company/licmutual *Investors should consult their financial advisers if they are not clear about the suitability of the product. 18002585678 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 DEBT Market Review Latest Price* 1 Month Return 3 Month Return 6 Month Return BSE Sensex 35,322 0.50% 3.30% 7.60% CNX NIFTY 10,736 0.00% 2.30% 6.10% BANKEX 30,007 4.70% 6.00% 5.50% BSE Oil & Gas 14,429 0.00% 6.90% 8.10% BSE FMCG Sector 11,291 0.10% 7.50% 9.80% BSE IT Sector 13,453 0.80% 7.60% 27.00% BSE 100 11,041 1.00% 1.60% 4.20% BSE 200 4,654 1.50% 1.40% 3.90% BSE 500 14,766 1.90% 0.60% 3.00% BSE Cap Goods 18,822 3.70% 1.30% 2.60% BSE Metal 13,612 4.70% 10.30% 0.30% BSE The month of May was a difficult one from liquidity perspective. Short Term Rates blew up with CD rates up by 75100 bps in a span of 30 days. Oneyear OIS shot up by 40 bps to 6.80 approximately. A number of factors were responsible for liquidity tightness ranging from skewed liquidity in the system due to 11 banks put under Prompt Corrective Action (PCA). These banks have stopped lending activity and were not allowed to invest in money markets or mutual funds. They could deploy only with RBI as Reverse Repo. The spill over was seen transferring to NBFC and private banks who had to aggressively raise money to lend to entities who had their lines with those 11 banks. Moreover, due to this there was a massive pullback in credit and lot of lower rated corporates with no NPA were not able to raise money from banking system. Another factor that caused liquidity to tighten was the increase in Liquidity Cash Ratio (LCR) requirement from 80% to 90%. This created estimated 22.5% additional HighQuality Liquid Asset requirement as a percentage of NDTL, due to which many banks were forced to issue CDs in 3 months to 1year category. There was also massive currency outflow from both debt and equity by FII and as a result RBI had to intervene in the currency market which also dried out rupee liquidity. Though Liquidity eased out by month end due to Rs.70000 crores government spending. 2,129 4.90% 4.20% 7.00% BSE 24,472 5.30% 1.50% 1.90% BSE Mid Cap 16,014 5.90% 3.30% 4.40% BSE SmallCap 17,249 6.30% 4.80% 4.30% BSE Cons Durables 20,670 7.60% 2.40% 2.70% 2,235 8.00% 9.50% 6.80% 13,003 8.10% 7.90% 6.20% BSE Realty BSE Healthcare * Closing Price as on 31/05/2018 and above returns are absolute returns. underperformed the market during the month returning 8.1%. Capital flows: FIIs were net sellers in the equity to the tune of 10,060 crores (USD 1490 million) in May 2018. Cumulative, FIIs sold equity worth 1,222 crores (USD 137 million) in last twelve months i.e. from June17 to May18 and DII bought equity worth 1,33,419 crores (USD 20.58 billion) for the same period. (As on 31st May 2018, Source: SEBI) (May 2018 Avg. 1 USD = INR 67.54) Outlook India April 2018 headline CPI inflation came at 4.58% YOY from 4.28% in the previous month with Core Inflation printing 5.92% YOY from 5.37% in March 2018. With Crude prices surging to almost USD 80 per barrel, there was a danger to our CPI inflation, Current account Deficit (CAD) and Fiscal deficit. Although Oil prices retreated after Russia and Saudi Arabia decided to increase supply, actual result is to be seen on June 22nd OPEC meeting. In recently concluded Q4FY18 quarter, the India's top 500 companies excluding financial sector reported sales growth of 7.2% yoy which is up for second consecutive quarter though net profit has shown degrowth of 7.2% yoy. Profitability was pulled down by lower operating margins, lower than expected volume growth and higher interest cost for manufacturing companies. The profit margins have also seen a dip to 6.6%, down approximately 100bps. Only the consumer demand has been the bright spot for the corporate India. In the bi Monthly RBI Policy, there was a unanimous decision by Monetary Policy Committee (MPC) to hike Policy rate by 25 bps citing concerns over rising inflationary pressures, particularly Core inflation. It revised its CPI inflation forecast to 4.84.9% in H1FY19 and 4.7% for H2FY19. GDP forecast has been maintained at 7.4% for FY19 citing improvements in capacity utilization and increasing investment activity. MPC's rate hike can be considered as a dovish hike as the stance and tone was largely neutral. June would mark beginning of monsoon in Indian subcontinent. IMD has already forecasted above normal monsoon (97% of longperiod average) for 2018, spelling good news for farmers and this will bring better business prospects for various sectors. 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. Agriculture and allied sectors should see increased positive activity due to better monsoon prospects for FY19. Outlook Though MPC has started the rate hike cycle, next rate hike could be in the second half of the fiscal year after MPC has clarity on the Inflation trajectory, Crude Oil prices, Monsoon distribution and MSP price revision. EQUITY Market Review However, in time to come, we expect CPI inflation to surge up from the current 4.6% in April 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. In month of May, market witnessed global uncertainties led by US pulling out from international nuclear deal, rising crude prices as well as domestic uncertainties driven by weak 4Q corporate results and political uncertainty in Karnataka. Amid all these uncertainties, SENSEX was flat 0.5% for month of May. On the economy front, March IIP growth moderated to a fivemonth low of 4.4% led largely by a slowdown in the manufacturing sector. CPI inflation rose to 4.58% in April from 4.28% in March. WPI inflation rose sharply to 3.18% in April as against 2.47% in March. FY2018 GDP growth came in at 6.7% compared to 7.1% in 2017. Sectorwise indices For month of May 18, and Oil and Gas indices outperformed and returned 4.7% and 0% respectively. Healthcare 2
RISKOMETER Name Of The The Product Is Suitable For Investors Who Are Seeking * LIC MF Large Cap Fund Long Term Capital A Fund that primarily invest in largecap stock Risk Moderately High LIC MF Multicap Fund Long Term Capital Appreciation and Current Income. Investing in Large, Mid & Smallcap stocks Risk Moderately High LIC MF Large & Mid Cap Fund LIC MF Tax Plan Long Term Capital Appreciation A Fund that primarily invest in large and midcap stocks Risk Moderately High Long Term Capital Investing in equity and equity related securities. Risk Moderately High LIC MF Index FundSensex Plan LIC MF Index FundNifty Plan LIC MF Exchange Traded Fund Nifty 50 LIC MF Exchange Traded Fund Sensex LIC MF Exchange Traded Fund Nifty 100 LIC MF Banking & Financial Services Fund LIC MF Infrastructure Fund LIC MF Liquid Fund Riskometer Long Term Capital Investment in equity instrument of S&P BSE Sensex Index stocks subject to tracking error. Risk Moderately High Long Term Capital Investment in equity instrument of respective index stocks subject to tracking errors. Risk Moderately High RISKOMETER Investors understand that their principal will be at moderately high risk. 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 Long Term Investment Investment in equity and equity related securities and portfolios replicating the composition of NIFTY 100 Index, subject to tracking errors. Risk Moderately High Capital appreciation over long term Investment predominantly in a portfolio of equity and equity related securities of companies engaged in banking and financial services. Risk High Long Term Capital Investment in equity and equity related instruments of companies directly or indirectly engaged in infrastructure sector. Risk High RISKOMETER Investors understand that their principal will be at high risk. Regular income for short term Investment in debt / money market instruments with maturity of upto 91 days. Risk Low RISKOMETER Investors understand that their principal will be at low risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. 3
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SCHEME TYPE: An Open Ended Equity Predominantly Investing In Large Cap Stocks To achieve long term capital appreciation by investing in diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However there can be no assurance that the investment objective of the scheme will be achieved. Date of Allotment: September 01, 1994 AUM as on 31/05/2018: 246.75 Cr Average AUM as on 31/05/2018: 244.39 Cr % of V Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: Nifty 100 Index FUND MAGER: Name: Mr. Sachin Relekar; Experience: 13+ years V AS ON MAY 31, 2018: V 25.3246 Dividend 17.1973 EXPENSE RATIO Regular: 2.68% Direct Plan 26.5296 19.4905 Direct: 1.59% ANNUAL PORTFOLIO TURNOVER RATIO: 0.66 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 14.42% Maruti Suzuki India Ltd. 8.16% Ashok Leyland Ltd. 3.22% Mahindra & Mahindra Ltd. 3.04% Ancillaries 3.64% Motherson Sumi Systems Ltd. 3.64% Minimum Investment: 5,000/ 17.47% 4.92% Bajaj Finserv Ltd. 4.13% Bajaj Ltd. 3.34% Industrial Capital Goods 1.70% Bharat Electronics Ltd. 1.70% 1.62% Cummins India Ltd. 1.62% Media & Entertainment 2.05% 9.52% Zee Entertainment Enterprises Ltd. 2.05% Kotak Mahindra Bank Ltd. 6.84% Non 2.02% State Bank of India 1.10% Hindalco Industries Ltd. 2.02% 2.91% 1.68% Shree s Ltd. 2.06% Piramal Enterprises Ltd. 0.84% Ultratech Ltd. 0.85% Aurobindo Pharma Ltd. 0.84% 3.70% Retailing 3.89% 3.26% Avenue Supermarts Ltd. 3.89% 9.92% Tata Consultancy Services Ltd. 5.81% Infosys Ltd. 4.10% Telecom Services 1.38% Bharti Airtel Ltd. 1.38% 1.40% Larsen & Toubro Ltd. KEC International Ltd. 0.45% 6.93% Britannia Industries Ltd. 4.75% Godrej Consumer Products Ltd. 2.17% Hindustan Unilever Ltd. 0.00% 1.56% InterGlobe Aviation Ltd. 1.40% Tata Steel Ltd. 0.83% Equity Holdings Total 88.70% Shankara Building Products Ltd. 0.72% Total Tata Steel Ltd. 0.01% Value of lumpsum investment of 10,000/ invested on inception date SECTOR ALLOCATION (% of V) 17.47% 14.42% 12.40% 9.92% 6.93% Retailing 3.70% Ancillaries 3.64% 2.91% Media & Entertainment 2.05% Non 2.02% Industrial Capital Goods Nifty 100 Index* Nifty 100 Index* 7.81% 10,781 6.34% 10.68% 12,032 13,571 13,246 14.05% 14.84% 19,304 19,984 19,072 3.99% 10.27% 25,324 1,02,054 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). 3.89% 11.30% 12.40% Housing Development Corporation Ltd. HDFC Bank Ltd. 3.6119 0.0374 0.9089 % of V Equity Holdings 1.70% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 Market Value as on May 31, 2018 ( ) 1,23,946 4,21,464 8,02,834 22,07,194 10.53 11.61 * 1.68% Returns () (%) 6.18 11.72 1.62% Benchmark Returns () (%) # 10.16 15.04 14.18 13.61 1.56% Additional Benchmark Returns () (%) ## 11.35 14.60 13.20 12.65 1.40% Telecom Services 1.38% Past performance may or may not be sustained in the future. # Nifty 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 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
SCHEME TYPE: An Open Ended Equity Investing Across Large Cap, Mid Cap, Small Cap Stocks An open ended pure growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments. The investment portfolio of the scheme will be constantly monitored and reviewed to optimize capital growth. However, there is no assurance that the investment objective of the s will be realized. Date of Allotment: April 15, 1993 AUM as on 31/05/2018: 314.19 Cr Average AUM as on 31/05/2018: 318.86 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Benchmark: Nifty 500 Index Minimum Investment: 5,000/FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years V AS ON MAY 31, 2018: V 44.1444 Dividend 14.4475 EXPENSE RATIO Regular: 2.66% Direct Plan 45.7083 17.6261 Direct: 1.66% ANNUAL PORTFOLIO TURNOVER RATIO: 0.79 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta % of V Equity Holdings Hero MotoCorp Ltd. Mahindra & Mahindra Ltd. Ancillaries Endurance Technologies Ltd. ICICI Bank Ltd. HDFC Bank Ltd. State Bank of India 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. ITD ation India Ltd. Larsen & Toubro Ltd. Consumer Durables Bajaj Electricals Ltd. Dabur India Ltd. Hindustan Unilever Ltd. Britannia Industries Ltd. 4.6940 0.0310 1.0769 5.84% 3.58% 2.26% 1.83% 1.83% 17.14% 5.36% 4.19% 3.36% 2.18% 2.06% 1.98% 1.98% 4.74% 2.57% 2.17% 3.94% 2.17% 1.40% 0.37% 2.08% 2.08% 2.63% 2.63% 4.51% 2.50% 1.02% 1.00% Value of lumpsum investment of 10,000/ invested on inception date Nifty 500 Index* Nifty 500 Index* 4.34% 13.02% 10,434 11,302 2.52% 11.54% 10,776 13,888 13,246 10.58% 16.07% 16,538 21,078 19,072 6.08% 12.85% 44,144 2,09,162 SECTOR ALLOCATION (% of V) 17.14% 15.34% 3.82% 2.41% 0.97% 0.45% 4.47% 3.46% 1.01% 7.38% 3.08% 2.55% 1.74% 2.62% 1.74% 0.88% 13.23% 3.37% 2.85% 2.12% 2.02% 1.67% 1.21% 3.30% 3.30% 15.34% 5.25% 4.16% 3.30% 1.51% 1.13% 94.87% 5.13% % of V Jindal Steel & Ltd. Tata Steel Ltd. Shankara Building Products Ltd. Housing Development Corporation Ltd. HDFC Standard Life Insurance Co Ltd. AIA Engineering Ltd. Supreme Industries Ltd. Bharat Forge 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. Tech Mahindra Ltd. Infosys Ltd. Tata Consultancy Services Ltd. Larsen & Toubro Infotech Ltd. KPIT Technologies Ltd. Equity Holdings Total Total 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). 13.23% 7.38% 5.84% Chemicals 4.74% 4.51% 4.47% SIP PERFORMANCE SIP Investments Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 10 Years * 1,18,608 3,91,502 7,21,071 18,88,647 3.94% Market Value as on May 31, 2018 ( ) 3.82% Returns () (%) 2.15 5.53 7.29 8.78 Benchmark Returns () (%) # 7.91 15.40 15.21 13.92 Additional Benchmark Returns () (%) ## 11.35 14.60 13.20 12.65 3.30% Consumer Durables 2.63% 2.62% 2.08% 1.98% Ancillaries 1.83% Past performance may or may not be sustained in the future. # Nifty 500 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 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
To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked SCHEME TYPE: An Open Ended Equity Investing In Both Large Cap And Mid Cap Stocks instruments of large cap and midcap companies. Date of Allotment: February 25, 2015 % of V AUM as on 31/05/2018: 304.84 Cr Average AUM as on 31/05/2018: 306.64 Cr Exit Load: 1% upto 1 year and No Exit Load after Benchmark: Nifty LargeMidcap 250 Index Minimum Investment: 5,000/FUND MAGER: Name: Mr. Sachin Relekar Experience: 13+ years V AS ON MAY 31, 2018: V 14.7591 Dividend 13.5561 EXPENSE RATIO Regular: 2.66% Direct Plan 15.3669 14.1443 Direct: 0.52% ANNUAL PORTFOLIO TURNOVER RATIO: 1.04 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 4.1058 0.1663 0.9276 Equity Holdings Ashok Leyland Ltd. Mahindra & Mahindra Ltd. Ancillaries Motherson Sumi Systems Ltd. Exide Industries Ltd. Jamna Industries Ltd. MRF Ltd. Tube Investments of India City Union Bank Ltd. HDFC Bank Ltd. The Ramco s Ltd. JK Lakshmi Ltd. Chemicals Tata Chemicals Ltd. Vinati Organics Ltd. KNR s Ltd Brigade Enterprises Ltd. Simplex Infrastructures Ltd. KEC International Ltd. Voltas Ltd. Consumer Durables Bajaj Electricals Ltd. VIP Industries Ltd. Britannia Industries Ltd. Procter & Gamble Hygiene&HealthCare Ltd. 6.55% 3.40% 3.15% 10.77% 3.47% 2.54% 2.42% 1.96% 0.38% 7.97% 4.60% 3.37% 2.85% 1.82% 1.03% 6.97% 4.81% 2.16% 4.92% 2.34% 1.82% 0.76% 4.88% 3.25% 1.63% 2.66% 1.57% 1.09% 4.88% 3.83% 1.05% % of V Shankara Building Products Ltd. Bajaj Ltd. TI Financial Holdings Ltd. Max Financial Services Ltd. Motilal Oswal Financial Services Ltd. Gas Petronet LNG Ltd. Industrial Capital Goods Bharat Electronics Ltd. Supreme Industries Ltd. Sanofi India Ltd. Jubilant Life Sciences Ltd. Piramal Enterprises Ltd. Cadila Healthcare Ltd. Aurobindo Pharma 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 SECTOR ALLOCATION (% of V) Ancillaries Chemicals Textile Products TeleEquipment & Accessories Consumer Durables Gas Industrial Capital Goods 1.82% 1.82% 10.02% 5.25% 2.75% 1.47% 0.54% 1.58% 1.58% 1.49% 1.49% 2.75% 2.75% 6.65% 2.21% 1.90% 1.72% 0.71% 0.12% 0.97% 0.97% 5.79% 4.24% 1.55% 2.93% 2.93% 3.28% 2.28% 0.99% 2.13% 2.13% 91.86% 8.14% Nifty LargeMidcap 250 Index* Nifty LargeMidcap 250 Index* 10.51% 14.33% 11,051 11,433 13.57% 13.75% 14,664 14,735 13,246 12.67% 12.14% 7.79% 14,759 14,531 12,775 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 10.77% 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 10.02% 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. 7.97% 6.97% 6.65% 6.55% 5.79% 4.92% 4.88% 4.88% 3.28% 2.93% 2.85% 2.75% 2.66% 2.13% 1.82% 1.58% 1.49% 0.97% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 3,90,000 Market Value as on May 31, 2018 ( ) 1,22,961 4,62,084 5,06,297 Returns () (%) 4.63 16.93 16.30 Benchmark Returns () (%) # 7.14 16.92 16.22 Additional Benchmark Returns () (%) ## 11.35 14.60 13.64 Past performance may or may not be sustained in the future. # Nifty LargeMidcap 250 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 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
SCHEME TYPE: An Open Ended Equity Investing In Banking & Financial Companies The investment objective of the scheme is to generate longterm capital appreciation for unit holders from a portfolio that in invested substantially in equity and equity related securities of companies engaged in banking and financial services sector. However there can be no assurance that the investment objective of the scheme will be achieved. Date of Allotment: March 27, 2015 AUM as on 31/05/2018: 66.57 Cr Average AUM as on 31/05/2018: 66.85 Cr % of V Equity Holdings Exit Load: 1% upto 1 year and No Exit Load after 54.83% City Union Bank Ltd. 8.20% ICICI Bank Ltd. 7.13% State Bank of India 6.73% DCB Bank Ltd. 5.49% HDFC Bank Ltd. 5.17% Minimum Investment: 5,000/ The Federal Bank Ltd. 4.96% IndusInd Bank Ltd. 4.52% FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years Axis Bank Ltd. 4.41% The South Indian Bank Ltd. 4.37% Kotak Mahindra Bank Ltd. 2.01% Benchmark: Nifty Financial Services Index Bank of Baroda V AS ON MAY 31, 2018: V 10.8952 Dividend 10.8944 EXPENSE RATIO Regular: 2.83% 1.83% Direct Plan 11.2548 11.2381 Direct: 1.24% ANNUAL PORTFOLIO TURNOVER RATIO: 0.57 times 35.25% Housing Development Corporation Ltd. 7.49% Dewan Housing Corporation Ltd. 5.99% Cholamandalam Investment & Ltd. 5.72% Equitas Holdings Ltd. 4.36% Multi Commodity Exchange Of India Ltd. 3.12% L&T Holdings Ltd. 3.08% ICICI Lombard General Insurance Co. Ltd. 2.10% Bajaj Ltd. 2.09% CRISIL Ltd. 1.30% Equity Holdings Total RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 90.08% Total 6.1224 0.0160 0.9462 6.76% 18.18% 9,324 11,818 2.67% 15.04% 10,825 15,242 13,246 35.25% Nifty Financial Services Index* Nifty Financial Services Index* SECTOR ALLOCATION (% of V) 54.83% 9.92% 2.73% 14.77% 9.65% 10,895 15,498 13,404 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 3,80,000 Market Value as on May 31, 2018 ( ) 1,12,027 3,91,879 4,13,644 12.14 5.60 5.30 Benchmark Returns () (%) # 17.60 22.36 21.45 Additional Benchmark Returns () (%) ## 11.35 14.60 14.01 Returns () (%) Past performance may or may not be sustained in the future. # Nifty Financial Services 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 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
SCHEME TYPE: An Open Ended Equity Investing In Infrastructure Companies The investment objective of the scheme is to generate longterm 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 s will be realized. Date of Allotment: March 24, 2008 AUM as on 31/05/2018: 60.26 Cr Average AUM as on 31/05/2018: 63.87 Cr Exit Load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. % of V Equity Holdings 25.75% Cummins India Ltd. 1.98% 5.90% Minerals/Mining 2.16% State Bank of India 5.30% Coal India Ltd. 2.13% City Union Bank Ltd. 5.20% Gujarat Mineral Development Co Ltd. 0.04% Non 3.51% Hindalco Industries Ltd. 3.51% 1.21% Indian Oil Corporation Ltd. 1.21% 2.00% Tata Ltd. 2.00% TeleEquipment & Accessories 3.36% Sterlite Technologies Ltd. 3.36% Telecom Services 3.25% 12.40% JK Lakshmi Ltd. 2.95% Ultratech Ltd. 1.99% FUND MAGER: Name: Mr. Sachin Relekar Experience: 13+ years ACC Ltd. 1.80% 8.61% KNR s Ltd 4.49% V AS ON MAY 31, 2018: V 14.3302 Dividend 14.3312 Brigade Enterprises Ltd. 2.57% Simplex Infrastructures Ltd. 1.54% 12.15% KEC International Ltd. 5.36% Bharti Airtel Ltd. 3.25% 4.16% 5.47% Larsen & Toubro Ltd. 2.62% InterGlobe Aviation Ltd. 2.99% Gas 2.18% Container Corporation Of India Ltd. Petronet LNG Ltd. 2.18% Equity Holdings Total Industrial Capital Goods 2.80% Total Bharat Electronics Ltd. 2.80% Sadbhav Engineering Ltd. EXPENSE RATIO Regular: 2.80% Direct: 1.35% ANNUAL PORTFOLIO TURNOVER RATIO: 0.62 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 4.24% ICICI Bank Ltd. 5.66% Direct Plan 15.1045 15.0077 6.22% SKF India Ltd. 9.35% The Ramco s Ltd. Minimum Investment: 5,000/ 4.8477 0.0146 0.8743 SECTOR ALLOCATION (% of V) 25.75% 12.40% 12.15% 8.61% 6.22% Non 3.51% 3.36% Telecom Services Gas Minerals/Mining Nifty Infrastructure Index* Nifty Infrastructure Index* 4.86% 5.26% 10,486 10,526 5.26% 2.48% 11,666 10,763 13,246 12.48% 8.79% 18,012 15,245 19,072 3.59% 0.77% 9.95% 14,330 9,245 26,287 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. 5.47% TeleEquipment & Accessories Industrial Capital Goods 8.94% 2.48% 91.06% % of V HDFC Bank Ltd. Benchmark: Nifty Infrastructure Index 3.25% 2.80% 2.18% 2.16% 2.00% 1.21% SIP PERFORMANCE SIP Investments 10 Years Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 12,20,000 Market Value as on May 31, 2018 ( ) 1,18,700 4,16,666 7,85,998 18,62,590 18,92,457 8.36 Returns () (%) 2.01 9.74 10.75 8.52 Benchmark Returns () (%) # 3.40 7.99 7.18 4.15 3.98 Additional Benchmark Returns () (%) ## 11.35 14.60 13.20 12.65 12.51 Past performance may or may not be sustained in the future. # Nifty Infrastructure 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 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
SCHEME TYPE: An Open Ended Equity Linked Saving With A Statutory Lock In Of 3 Years And Tax Benefit 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 s will be realized. Date of Allotment: March 31,1997 AUM as on 31/05/2018: 174.85 Cr Average AUM as on 31/05/2018: 173.44 Cr Exit Load: Nil (Subject to lockin period of 3 years) % of V Equity Holdings 9.26% Maruti Suzuki India Ltd. 3.56% Ashok Leyland Ltd. 3.20% Mahindra & Mahindra Ltd. 2.49% Ancillaries 5.23% Jamna Industries Ltd. 2.39% Exide Industries Ltd. 1.51% Motherson Sumi Systems Ltd. 0.97% Tube Investments of India Benchmark: Nifty 500 Index Minimum Investment: /FUND MAGER: Name: Mr. Sachin Relekar Experience: 13+ years V AS ON MAY 31, 2018: V 65.4875 Dividend 18.1926 EXPENSE RATIO Regular: 2.52% Direct Plan 68.8051 19.1822 Direct: 1.42% ANNUAL PORTFOLIO TURNOVER RATIO: 0.41 times RISK MEASURES Standard Deviation Sharpe Ratio Portfolio Beta 0.36% 4.0540 0.0767 0.9834 12.52% HDFC Bank Ltd. 6.36% Kotak Mahindra Bank Ltd. 3.64% City Union Bank Ltd. 2.53% 2.57% The Ramco s Ltd. 1.37% JK Lakshmi Ltd. 1.20% Chemicals 5.47% Tata Chemicals Ltd. 2.85% Vinati Organics Ltd. 2.61% 3.90% KNR s Ltd 1.70% Brigade Enterprises Ltd. 1.40% Simplex Infrastructures Ltd. 0.80% 2.70% KEC International Ltd. 2.70% Consumer Durables 2.54% Bajaj Electricals Ltd. 1.36% VIP Industries Ltd. 1.18% 4.10% Britannia Industries Ltd. 3.20% Procter & Gamble Hygiene&HealthCare Ltd. 0.90% 2.74% Shankara Building Products Ltd. 1.97% Tata Steel Ltd. 0.75% Tata Steel Ltd. (Partly Paid) 0.01% % of V Bajaj Ltd. Max Financial Services Ltd. TI Financial Holdings Ltd. Industrial Capital Goods Bharat Electronics Ltd. Supreme Industries Ltd. SKF India Ltd. Media & Entertainment Zee Entertainment Enterprises Ltd. Non Hindalco Industries Ltd. Pesticides P I INDUSTRIES LIMITED Jubilant Life Sciences Ltd. Piramal Enterprises Ltd. Aurobindo Pharma Ltd. Sanofi India Ltd. Suven Life Sciences Ltd. Tata Ltd. Retailing Avenue Supermarts Ltd. 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 Consumer Durables TeleEquipment & Accessories Media & Entertainment Retailing Pesticides Non Industrial Capital Goods 12.52% 9.26% 6.52% 5.53% 5.47% 5.23% 5.13% 4.10% 3.90% 3.11% 2.74% 2.73% 2.70% 2.57% 2.54% 2.48% 2.48% 1.88% 1.82% 1.38% 1.15% 1.03% 0.94% 5.53% 3.26% 1.16% 1.12% 0.94% 0.94% 2.48% 1.57% 0.91% 1.88% 1.88% 1.15% 1.15% 1.38% 1.38% 5.13% 1.59% 1.15% 0.93% 0.91% 0.54% 1.03% 1.03% 1.82% 1.82% 6.52% 4.34% 1.22% 0.96% 2.48% 2.48% 3.11% 2.01% 1.10% 2.73% 2.73% 87.19% 12.81% Nifty 500 Index* Nifty 500 Index* 13.99% 13.02% 11,399 11,302 8.66% 11.54% 12,837 13,888 13,246 17.18% 16.07% 22,101 21,078 19,072 9.28% 15.21% 13.42% 65,487 2,00,778 1,44,003 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 May 31, 2018 ( ) 1,26,847 4,48,337 8,78,157 24,26,880 SIP Investments Returns () (%) 10.80 14.81 15.24 13.50 Benchmark Returns () (%) # 7.91 15.40 15.21 13.92 Additional Benchmark Returns () (%) ## 11.35 14.60 13.20 12.65 Past performance may or may not be sustained in the future. # Nifty 500 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 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
SCHEME TYPE: An Open Ended Replicating/Tracking S & P BSE Sensex Index The main investment objective of the fund is to generate returns commensurate with the performance of the index S&P BSE 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 s will be realized. Date of Allotment: December 05, 2002 AUM as on 31/05/2018: 18.43 Cr Average AUM as on 31/05/2018: 16.34 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 8.72% 9.81% Housing Development Co Ltd. 8.72% Maruti Suzuki India Ltd. 3.24% Minerals/Mining 1.11% Mahindra & Mahindra Ltd. 2.44% Coal India Ltd. 1.11% Oil 1.45% Oil & Natural Gas Corporation Ltd. 1.45% 8.56% Reliance Industries Ltd. 8.56% 2.16% Sun Pharmaceutical Ind Ltd. 1.48% Dr. Reddy's Laboratories Ltd. 0.68% 2.78% NTPC Ltd. 1.48% Tata Motors Ltd. 1.53% Hero MotoCorp Ltd. 1.31% 1.07% Tata Motors Ltd (DVR) Minimum Investment: 5,000/ 32.62% HDFC Bank Ltd. V AS ON MAY 31, 2018: V 65.4924 Dividend 22.4484 EXPENSE RATIO Regular: 1.70% 0.23% FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years Direct Plan 67.4063 22.6179 Direct: 1.16% 12.50% ICICI Bank Ltd. 5.28% Kotak Mahindra Bank Ltd. 4.52% State Bank of India 2.86% IndusInd Bank Ltd. 2.84% Axis Bank Ltd. 2.83% Yes Bank Ltd. 1.79% Larsen & Toubro Ltd. RISK MEASURES Tracking Error 0.20% Grid Corporation of India Ltd. 12.62% 6.75% Tata Consultancy Services Ltd. 4.99% 4.78% Wipro Ltd. 0.89% 4.78% Telecom Services 1.21% 11.62% Bharti Airtel Ltd. 1.21% ITC Ltd. 6.64% 0.89% Hindustan Unilever Ltd. 3.28% Adani Ports & Special Eco Zone Ltd. Asian Paints Ltd. 1.70% Equity Holdings Total 1.31% Total Tata Steel Ltd. 1.31% 32.62% 0.37% 0.89% 99.63% SECTOR ALLOCATION (% of V) 1.31% Infosys Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.34 times % of V Bajaj Ltd. Benchmark: S&P BSE Sensex Equity Holdings S&P BSE Sensex* 11,508 12,564 13,251 13,246 17,548 19,163 19,072 17.84% 72,194 1,27,916 1,27,349 S&P BSE Sensex* 15.08% 7.88% 9.81% 11.90% 13.88% 13.61% 17.88% 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). 12.62% 11.62% SIP PERFORMANCE 9.81% 8.72% SIP Investments 10 Years 8.56% Total Amount Invested ( ) 1,20,000 3,60,000 6,00,000 12,00,000 18,50,000 Market Value as on May 31, 2018 ( ) 1,28,167 4,39,200 7,96,419 21,13,057 46,78,430 Returns () (%) 12.92 13.37 11.28 10.90 11.15 Benchmark Returns () (%) # 14.49 15.24 13.20 12.78 Additional Benchmark Returns () (%) ## 11.35 14.60 13.20 12.65 11.94 Oil 4.78% 2.78% 2.16% 1.45% 1.31% Telecom Services 1.21% Minerals/Mining 1.11% 0.89% 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 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
The main investment objective of the fund is to generate returns commensurate with the performance of the SCHEME TYPE: An Open Ended Replicating/Tracking Nifty 50 Index index Nifty 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 s will be realized. Date of Allotment: December 05, 2002 AUM as on 31/05/2018: 21.78 Cr Average AUM as on 31/05/2018: 21.78 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 Index Minimum Investment: 5,000/FUND MAGER: Name: Mr. Saravana Kumar Experience: 29+ years V AS ON MAY 31, 2018: V 58.9652 Dividend 21.7504 EXPENSE RATIO Regular: 1.20% Direct Plan 60.6250 22.3336 Direct: 0.64% ANNUAL PORTFOLIO TURNOVER RATIO: 0.47 times RISK MEASURES Tracking Error 0.31% % of V Equity Holdings 8.94% Maruti Suzuki India Ltd. 2.67% Mahindra & Mahindra Ltd. 2.04% Tata Motors Ltd. 1.23% Hero MotoCorp Ltd. 1.09% Eicher Motors Ltd. 1.03% Bajaj Ltd. 0.88% 27.23% HDFC Bank Ltd. 10.31% ICICI Bank Ltd. 4.32% Kotak Mahindra Bank Ltd. 4.20% IndusInd Bank Ltd. 2.35% State Bank of India 2.35% Axis Bank Ltd. 2.18% Yes Bank Ltd. 1.51% 1.86% Ultratech Ltd. 0.93% Grasim Industries Ltd. 0.93% 3.98% Larsen & Toubro Ltd. 3.98% Consumer Durables 0.85% Titan Ltd. 0.85% 9.58% ITC Ltd. 5.46% Hindustan Unilever Ltd. 2.73% Asian Paints Ltd. 1.40% 1.05% Tata Steel Ltd. 1.05% 10.15% Housing Development Corporation Ltd. 7.21% Bajaj Ltd. 1.18% Indiabulls Housing Ltd. 0.94% Bajaj Finserv Ltd. 0.82% Gas 0.71% GAIL (India) Ltd. 0.71% SECTOR ALLOCATION (% of V) 27.23% 0.71% 0.71% 0.90% 0.90% 1.88% 1.09% 0.79% 1.18% 1.18% 0.59% 0.59% 9.61% 7.47% 0.86% 0.73% 0.55% 2.86% 1.25% 0.62% 0.54% 0.43% 2.30% 1.21% 1.09% 12.54% 5.51% 4.08% 1.21% 1.05% 0.70% 0.57% 0.57% 1.19% 1.19% 0.65% 0.65% 99.30% 0.70% 12.54% 10.15% 9.61% 9.58% 8.94% 3.98% 2.86% 2.30% Non 1.88% 1.86% Telecom Services 1.19% Oil 1.18% 1.05% Minerals/Mining 0.90% Consumer Durables 0.85% Gas 0.71% Media & Entertainment 0.71% 0.65% Pesticides 0.59% TeleEquipment & Accessories 0.57% % of V Media & Entertainment Zee Entertainment Enterprises Ltd. Minerals/Mining Coal India Ltd. Non Vedanta Ltd. Hindalco Industries Ltd. Oil Oil & Natural Gas Corporation Ltd. Pesticides UPL Ltd. Reliance Industries Ltd. Indian Oil Corporation Ltd. Bharat Petroleum Corporation Ltd. Hindustan Petroleum Corporation Ltd. Sun Pharmaceutical Ind Ltd. Cipla Ltd. Dr. Reddy's Laboratories Ltd. Lupin Ltd. NTPC Ltd. Grid Corporation of India Ltd. Infosys Ltd. Tata Consultancy Services Ltd. HCL Technologies Ltd. Tech Mahindra Ltd. Wipro Ltd. Telecom Equipment & Accessories Bharti Infratel Ltd. Telecom Services Bharti Airtel Ltd. Adani Ports & Special Economic Zone Ltd. Equity Holdings Total Total S&P BSE Sensex** NIFTY 50* NIFTY 50* 11.15% 15.08% 11,115 8.07% 9.81% 12,631 13,246 13,251 12.05% 13.88% 17,671 19,072 19,163 12.84% 17.84% 17.88% 64,972 1,27,349 1,27,916 S&P BSE Sensex** 11,508 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 18,50,000 Market Value as on May 31, 2018 ( ) 1,25,656 4,34,093 7,98,321 21,19,475 45,27,147 Returns () (%) 8.90 12.56 11.38 10.96 10.78 Benchmark Returns () (%) # 11.35 14.60 13.20 12.65 14.21 Additional Benchmark Returns () (%) ## 14.49 15.24 13.20 12.78 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 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
The investment objective of the scheme is to provide returns that closely correspond to the total returns of SCHEME TYPE: An Open Ended Replicating/Tracking Nifty 50 Index securities as represented by NIFTY 50 Index, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved. Date of Allotment: November 20, 2015 AUM as on 31/05/2018: 475.78 Cr Average AUM as on 31/05/2018: 470.98 Cr 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 Index Minimum Investment: For Subscription / Redemption of units directly with Mutual Fund : 50,000 units. For Purchase through Stock Exchange: 1 unit FUND MAGER: Name: Mr. Sachin Relekar Experience: 13+ years V AS ON MAY 31, 2018: V 110.0434 EXPENSE RATIO Regular: 0.10% % of V Equity Holdings RISK MEASURES Tracking Error Coal India Ltd. 0.91% Maruti Suzuki India Ltd. 2.68% Non 1.93% Mahindra & Mahindra Ltd. 2.03% Vedanta Ltd. 1.11% Tata Motors Ltd. 1.23% Hindalco Industries Ltd. 0.82% Hero MotoCorp Ltd. 1.09% Oil 1.21% Eicher Motors Ltd. 0.99% Oil & Natural Gas Corporation Ltd. 1.21% Bajaj Ltd. 0.90% Pesticides 0.61% 27.27% UPL Ltd. 0.61% HDFC Bank Ltd. 10.35% 9.65% ICICI Bank Ltd. 4.34% Reliance Industries Ltd. 7.50% Kotak Mahindra Bank Ltd. 4.20% Indian Oil Corporation Ltd. 0.85% State Bank of India 2.36% Bharat Petroleum Corporation Ltd. 0.76% IndusInd Bank Ltd. 2.36% Hindustan Petroleum Corporation Ltd. 0.54% Axis Bank Ltd. 2.18% 2.91% Yes Bank Ltd. 1.48% Sun Pharmaceutical Ind Ltd. 1.25% 1.87% Cipla Ltd. 0.64% Ultratech Ltd. 0.94% Grasim Industries Ltd. 0.93% Dr. Reddy's Laboratories Ltd. 0.56% 3.99% Lupin Ltd. 0.45% Larsen & Toubro Ltd. 3.99% 2.31% Consumer Durables 0.85% NTPC Ltd. 1.20% Titan Ltd. 0.85% 9.61% ITC Ltd. 5.48% 27.27% Non Oil Telecom Services Minerals/Mining Consumer Durables Media & Entertainment Gas Pesticides TeleEquipment & Accessories 12.53% 10.23% 9.65% 9.61% 8.92% 3.99% 2.91% 2.31% 1.93% 1.87% 1.21% 1.18% 1.06% 0.91% 0.85% 0.73% 0.73% 0.65% 0.61% 0.57% Grid Corporation of India Ltd. 1.11% 12.53% Infosys Ltd. 5.53% Tata Consultancy Services Ltd. 4.09% 1.41% HCL Technologies Ltd. 1.20% 1.06% Tech Mahindra Ltd. 1.01% Tata Steel Ltd. 1.06% Wipro Ltd. 0.70% Telecom Equipment & Accessories 0.57% 2.72% SECTOR ALLOCATION (% of V) 0.91% 8.92% Asian Paints Ltd. 0.12% % of V Hindustan Unilever Ltd. ANNUAL PORTFOLIO TURNOVER RATIO: 0.07 times Minerals/Mining 10.23% Housing Development Co Ltd. 7.25% Bharti Infratel Ltd. 0.57% Bajaj Ltd. 1.16% Telecom Services 1.18% Indiabulls Housing Ltd. 0.96% Bharti Airtel Ltd. 1.18% Bajaj Finserv Ltd. 0.86% 0.65% Gas 0.73% Adani Ports & Special Economic Zone Ltd. GAIL (India) Ltd. 0.73% Equity Holdings Total Media & Entertainment 0.73% Total Zee Entertainment Enterprises Ltd. 0.73% 13.12% 0.28% 0.65% 99.72% NIFTY 50* S&P BSE Sensex** NIFTY 50* S&P BSE Sensex** 15.08% 11,312 11,508 14.25% 14.58% 14.55% 14,007 14,107 14,099 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