GS Nifty BeES. GS Junior BeES. GS Bank BeES. GS PSU Bank BeES. GS Shariah BeES. GS Hang Seng BeES. GS Infra BeES CPSE ETF.

Transcription

1 FACTSHEET GS BeES TM ETFs in India TM GS Nifty BeES TM GS Junior BeES TM GS Bank BeES TM GS PSU Bank BeES TM GS Shariah BeES TM GS Hang Seng BeES TM GS Infra BeES CPSE ETF TM GS Liquid BeES TM GS Gold BeES Other Open Ended Schemes in India Goldman Sachs India Equity Fund Goldman Sachs CNX 500 Fund Toll Free Fax Website gsamindiags.com

2 Product Label Name of Schemes This product is suitable for investors who are seeking*: Riskometer GS Nifty BeES long-term capital appreciation. GS Junior BeES GS Shariah BeES investment in securities covered by Nifty 50 Index. long-term capital appreciation. investment in securities covered by Nifty Next 50 Index. long-term capital appreciation. investment in securities covered by Nifty50 Shariah Index. Moderately Low Moderate Moderately High GS Gold BeES Goldman Sachs India Equity Fund (GSIEF) Goldman Sachs CNX 500 Fund (GS CNX 500) GS Bank BeES GS PSU Bank BeES GS Hang Seng BeES GS Infra BeES CPSE ETF portfolio diversification through asset allocation. investment in Physical Gold. long-term capital appreciation. investment in equity and equity-related securities, debt securities and money market instruments. long-term capital appreciation. investment in securities covered by Nifty 500 Index long-term capital appreciation. investment in securities covered by Nifty Bank Index. long-term capital appreciation. investment in securities covered by Nifty PSU Bank Index. long-term capital appreciation. investment in securities covered by Hang Seng Index. long-term capital appreciation. investment in securities covered by Nifty Infrastructure Index. long-term capital appreciation. investment in securities covered by Nifty CPSE Index. Low LOW Investors understand that their principal will be at moderately high risk Low LOW Moderately Low Moderate Moderately High High HIGH Investors understand that their principal will be at high risk High HIGH GS Liquid BeES current income with high degree of liquidity. investment in Money Market and Debt Instruments. Moderately Low Moderate Moderately High Low High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at low risk 2

3 FACTSHEET Market Snapshot Index July 29, 2016 June 30, 2016 % Change Nifty 50 Index Nifty Next 50 Index Nifty Bank Index Nifty PSU Bank Index Nifty 500 Index Nifty50 Shariah Index Full Market Capitalisation Comparison Full Market Cap (As on July 29, 2016) ` in Cr. % Nifty 500 Index 9,902, Nifty 50 Index 5,965, Nifty Next 50 Index 1,751, Total Market Capitalisation 10,675, Stock Performers for July 2016 NIFTY 50 INDEX Top 5 & bottom 5 NIFTY NEXT 50 INDEX Top 5 & bottom 5 Eicher Motors 16.85% Cairn India 35.93% Bharti Infratel Bharat Heavy Electricals Maruti Suzuki India Lupin 14.59% 14.25% 13.62% 13.00% Bajaj Finance Power Finance Corporation Hindustan Petroleum Corporation Vedanta 29.71% 28.72% 26.64% 24.78% Tata Power Co % Dabur India -1.64% Wipro -2.31% United Spirits -1.83% Tech Mahindra -3.52% Bharat Electronics -2.46% Infosys -8.28% Ashok Leyland -3.15% Dr. Reddy's % Glaxosmithkline Pharmaceuticals -4.94% Laboratories -15% -10% -5% 0% 5% 10% 15% 20% -10% 0% 10% 20% 30% 40% Note: Calculated based on closing market price of stock as on last working day of current month & previous month. Source: NSE Sectoral Performance for July 2016 NIFTY 50 INDEX Top 5 & bottom 5 NIFTY NEXT 50 INDEX Top 5 & bottom 5 Industrial Manufacturing 14.25% Energy 21.27% Services 12.35% Financial Services 16.10% Media & Entertainment 8.94% Automobile 7.48% Metals 15.13% Metals 7.14% Fertilisers & Pesticides 13.59% IT -3.45% Cement & Cement Products 10.75% -5% 0% 5% 10% 15% 20% 0% 5% 10% 15% 20% 25% Note: Calculated based on closing market price of stock as on last working day of current month & previous month. Sectors as per AMFI classification. Source: NSE & AMFI 3

4 TM GS Nifty BeES Goldman Sachs Nifty Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS Nifty BeES is to provide investment returns that, before expenses, closely correspond to the total returns of securities as represented by the Nifty 50 Index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund : Since May 16, 2014, total experience : 12 Yrs GS Nifty BeES , ^^ Benchmark Total Returns Index Nifty 50 Index, ^^Also represents Additional Benchmark Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. Bonus declared has been adjusted. 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed HDFC Bank Banks 7.87 Housing Development Finance 6.86 Finance Corporation Infosys Software 6.78 ITC Consumer Non Durables 6.74 Reliance Industries Petroleum Products 5.30 ICICI Bank Banks 4.83 Tata Consultancy Services Software 4.40 Larsen & Toubro Construction Project 4.04 Tata Motors Auto 3.08 Axis Bank Banks 2.88 Sun Pharmaceuticals Pharmaceuticals 2.84 Industries Kotak Mahindra Bank Banks 2.57 State Bank of India Banks 2.25 Mahindra & Mahindra Auto 2.16 Hindustan Unilever Consumer Non Durables 2.08 Maruti Suzuki India Auto 2.00 IndusInd Bank Banks 1.81 Asian Paints Consumer Non Durables 1.59 Bharti Airtel Telecom - Services 1.51 HCL Technologies Software 1.34 Lupin Pharmaceuticals 1.31 Coal India Minerals/Mining 1.31 Hero MotoCorp Auto 1.27 Yes Bank Banks 1.26 Oil & Natural Gas Oil 1.25 Corporation NTPC Power 1.24 UltraTech Cement Cement 1.22 Industry Allocation as on July 29, 2016 Details of Dividend by GS Nifty BeES Power Grid Corporation of India Power 1.22 Dr. Reddy's Laboratories Pharmaceuticals 1.17 Bajaj Auto Auto 1.16 Wipro Software 1.11 Grasim Industries Cement 1.00 Bharat Petroleum Petroleum Products 0.97 Corporation Tech Mahindra Software 0.96 Eicher Motors Auto 0.87 Zee Entertainment Media & Entertainment 0.86 Enterprises Cipla Pharmaceuticals 0.84 Tata Steel Ferrous Metals 0.75 Bosch Auto Ancillaries 0.72 Aurobindo Pharma Pharmaceuticals 0.67 Adani Ports & Special Transportation 0.67 Economic Zone Ambuja Cements Cement 0.66 Bharti Infratel Telecom - Equipment 0.66 & Accessories GAIL (India) Gas 0.57 Hindalco Industries Non - Ferrous Metals 0.54 Tata Motors DVR Auto 0.51 ACC Cement 0.50 Bank of Baroda Banks 0.45 Bharat Heavy Electricals Industrial Capital Goods 0.42 Tata Power Company Power 0.41 Idea Cellular Telecom - Services 0.37 Total (A) (B) CBLO, Cash & Other Current Assets 0.14 Banks Software Auto Consumer Non Durables Finance Pharmaceuticals Petroleum Products Construction Project Cement Power Telecom - Services Minerals/Mining Oil Media & Entertainment Ferrous Metals Auto Ancillaries Transportation Telecom - Equipment & Accessories Gas Non - Ferrous Metals Industrial Capital Goods 6.86% 10.41% 11.05% 4.04% 6.28% 6.84% 1.88% 2.87% 3.39% 1.31% 1.25% 0.86% 0.75% 0.72% 0.67% 0.66% 0.57% 0.54% 0.42% 14.59% 23.92% 0% 5% 10% 15% 20% 25% 30% Type of Record date Rate NAV per unit (`) distribution cum dividend Dividend February 20, 2015 ` 8.00 per unit Dividend March 11, 2014 ` 7.00 per unit Dividend March 14, 2013 ` 7.50 per unit All Dividends are on face value of ` 10 per unit. The NAV of the scheme, pursuant to pay out would fall to the extent of payout and statutory levy (if applicable). Allotment date December 28, 2001 ` 1, Cr. ` 1, Cr. Nifty 50 Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol NIFTYBEES BSE code ISIN INF732E01011 Bloomberg code NBEES:IN Reuters code NBES.NS Pricing (per unit) Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 5,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.09% Annualized 0.49% Annualized Standard deviation 15.19% Annualized Beta 1.00,^ Sharpe ratio 0.62 Annualized Portfolio turnover ratio 0.46 Nifty 50 Index Facts Full market capitalisation ` 5,965, Cr. P/E multiple P/B multiple 3.38 Dividend yield 1.27% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Nifty 50 Index The following companies have been excluded from the Nifty 50 Index w.e.f. April 1, 2016: th 1/10 of Index The following companies have been included in the Nifty 50 Index w.e.f. April 1, 2016: No. Company name No. Company name 1. Cairn India 1. Aurobindo Pharma 2. Punjab National Bank 2. Bharti Infratel 3. Vedanta 3. Eicher Motors 4. Tata Motors DVR 4

5 TM GS Junior BeES Goldman Sachs Nifty Junior Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS Junior BeES is to provide returns that, before expenses, closely correspond to the returns of securities as represented by the Nifty Next 50 Index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund : Since May 2008, total experience : 12 Yrs GS Junior BeES Benchmark Total Returns Index Additional Benchmark Nifty Next 50 Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. Bonus declared has been adjusted. 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed Indian Oil Corporation Petroleum Products 4.36 Indiabulls Housing Finance Finance 3.82 Bajaj Finance Finance 3.59 Hindustan Petroleum Petroleum Products 3.45 Corporation Godrej Consumer Products Consumer Non Durables 3.30 UPL Pesticides 3.09 Shriram Transport Finance Finance 3.06 Company Vedanta Non - Ferrous Metals 2.98 JSW Steel Ferrous Metals 2.94 Titan Company Consumer Durables 2.90 Britannia Industries Consumer Non Durables 2.84 Dabur India Consumer Non Durables 2.82 Bajaj Finserv Finance 2.72 LIC Housing Finance Finance 2.60 Divi's Laboratories Pharmaceuticals 2.52 Motherson Sumi Systems Auto Ancillaries 2.46 Marico Consumer Non Durables 2.42 Shree Cements Cement 2.32 Ashok Leyland Auto 2.23 Container Corporation of Transportation 2.07 India United Spirits Consumer Non Durables 2.06 Colgate Palmolive (India) Consumer Non Durables 2.05 Glenmark Pharmaceuticals Pharmaceuticals 2.00 Cummins India Industrial Products 1.95 Siemens Industrial Capital Goods 1.94 Pidilite Industries Chemicals 1.85 Details of Dividend by GS Junior BeES Cairn India Oil 1.77 Apollo Hospitals Enterprise Healthcare Services 1.72 Cadila Healthcare Pharmaceuticals 1.55 Bharat Forge Industrial Products 1.55 Power Finance Corporation Finance 1.52 Punjab National Bank Banks 1.52 Rural Electrification Finance 1.35 Corporation Oracle Financial Services Software 1.34 Software NMDC Minerals/Mining 1.31 GlaxoSmithKline Consumer Consumer Non Durables 1.23 Healthcare Bharat Electronics Industrial Capital Goods 1.22 DLF Construction 1.19 Torrent Pharmaceuticals Pharmaceuticals 1.17 GlaxoSmithKline Pharmaceuticals 1.16 Pharmaceuticals NHPC Power 1.15 Emami Consumer Non Durables 1.15 ABB India Industrial Capital Goods 1.10 Castrol India Petroleum Products 1.05 Procter & Gamble Hygiene Consumer Non Durables 1.02 & Health Care United Breweries Consumer Non Durables 0.92 Reliance Communications Telecom - Services 0.88 Hindustan Zinc Non - Ferrous Metals 0.85 Oil India Oil 0.84 Steel Authority of India Ferrous Metals 0.80 Total (A) (B) Other Current Assets 0.31 Industry Allocation as on July 29, 2016 Consumer Non Durables Finance Petroleum Products Pharmaceuticals Industrial Capital Goods Non - Ferrous Metals Ferrous Metals Industrial Products Pesticides Consumer Durables Oil Auto Ancillaries Cement Auto Transportation Chemicals Healthcare Services Banks Software Minerals/Mining Construction Power Telecom - Services 4.26% 3.83% 3.74% 3.50% 3.09% 2.90% 2.61% 2.46% 2.32% 2.23% 2.07% 1.85% 1.72% 1.52% 1.34% 1.31% 1.19% 1.15% 0.88% 8.85% 8.39% 18.65% 19.82% 0% 5% 10% 15% 20% 25% Allotment date February 21, 2003 ` Cr. ` Cr. Nifty Next 50 Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol JUNIORBEES BSE code ISIN INF732E01045 Bloomberg code JBEES:IN Reuters code JBES.NS th Pricing (per unit) 1/100 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 16,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.22% Annualized 1.00% Annualized Standard deviation 17.35% Annualized Beta 0.99,^ Sharpe ratio 1.07 Annualized Portfolio turnover ratio 0.94 Nifty Next 50 Index Facts Full market capitalisation ` 1,751, Cr. P/E multiple P/B multiple 3.07 Dividend yield 1.54% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Nifty Next 50 Index Type of distribution Record date Rate NAV per unit (`) cum dividend Dividend March 11,2014 ` 1.00 per unit Dividend July 9, 2009 ` 1.25 per unit Dividend February 19, 2004 ` 4.00 per unit Bonus February 19, :4 units - With effect from February 19, 2004 the face value of each unit was split from ` 10 per unit to ` 1.25 per unit i.e. a holder of 1 unit received 8 units. * Dividends are on face value of `10 per unit. Dividends are on face value of `1.25 per unit. After payment of dividend, per unit NAV will fall to the extent of the payout and dividend distribution tax (if applicable). For Last changes in the constituents of benchmark index of the scheme, please refer to page no

6 TM GS Bank BeES Goldman Sachs Banking Index Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of securities as represented by the Nifty Bank Index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund : Since May 16, 2014, total experience : 12 Yrs GS Bank BeES Benchmark Total Returns Index Additional Benchmark Nifty Bank Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed HDFC Bank Banks ICICI Bank Banks Axis Bank Banks Kotak Mahindra Bank Banks State Bank of India Banks 9.08 IndusInd Bank Banks 7.31 Yes Bank Banks 5.09 Bank of Baroda Banks 1.83 The Federal Bank Banks 1.42 Punjab National Bank Banks 1.17 Canara Bank Banks 0.45 Bank of India Banks 0.33 Total (A) (B) CBLO, Cash & Other Current Assets 0.11 Industry Allocation as on July 29, 2016 Banks 99.89% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Allotment date May 27, 2004 ` Cr. ` Cr. Nifty Bank Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol BANKBEES BSE code ISIN INF732E01078 Bloomberg code BBEES:IN Reuters code BBES.NS th Pricing (per unit) 1/10 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 1,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.15% Annualized 0.49% Annualized Standard deviation 25.38% Annualized Beta 1.00,^ Sharpe ratio 0.73 Annualized Portfolio turnover ratio 0.98 Nifty Bank Index Facts Full market capitalisation ` 1,132, Cr. P/E multiple P/B multiple 2.39 Dividend yield 0.81% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Details of Dividend by GS Bank BeES Type of Record date Rate NAV per unit (`) distribution cum dividend Dividend February 20,2015 ` per unit Dividend March 11, 2014 ` per unit Dividend March 14, 2013 ` per unit All Dividends are on face value of ` 10 per unit. The NAV of the scheme, pursuant to pay out would fall to the extent of payout and statutory levy (if applicable). Last Change in Nifty Bank Index The following company has been excluded from the Nifty Bank Index w.e.f. March 28, 2014: The following company has been included in the Nifty Bank Index w.e.f. March 28, 2014: No. Company name No. Company name 1. Union Bank of India 1. Federal Bank 6

7 TM GS PSU Bank BeES Goldman Sachs PSU Bank Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS PSU Bank BeES is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty PSU Bank Index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund : Since May 2008, total experience : 12 Yrs GS PSU Bank BeES Benchmark Total Returns Index Additional Benchmark Nifty PSU Bank Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed State Bank of India Banks Bank of Baroda Banks Punjab National Bank Banks 8.05 Canara Bank Banks 3.10 Union Bank of India Banks 2.84 Bank of India Banks 2.28 IDBI Bank Banks 2.27 Allahabad Bank Banks 1.52 Andhra Bank Banks 1.40 Syndicate Bank Banks 1.39 Oriental Bank of Commerce Banks 1.24 Indian Overseas Bank Banks 0.78 Total (A) (B) Other Current Assets 0.27 Industry Allocation as on July 29, 2016 Banks 99.73% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Details of Dividend by GS PSU Bank BeES Type of Record date Rate NAV per unit (`) distribution cum dividend Dividend November 10, 2009 ` 6.00 per unit All Dividends are on face value of ` 10 per unit. After payment of dividend, per unit NAV will fall to the extent of the payout and dividend distribution tax (if applicable). Allotment date October 25, 2007 ` Cr. ` Cr. Nifty PSU Bank Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol PSUBNKBEES BSE code ISIN INF732E01110 Bloomberg code PSUBBE:INEQUITY Reuters code PSUB.NS th Pricing (per unit) 1/10 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 5,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.25% Annualized 0.49% Annualized Standard deviation 37.16% Annualized Beta 1.00,^ Sharpe ratio 0.20 Annualized Portfolio turnover ratio 1.41 Nifty PSU Bank Index Facts Full market capitalisation ` 309, Cr. P/E multiple - - P/B multiple 0.88 Dividend yield 0.77% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Nifty PSU Bank Index The following company has been excluded from the Nifty PSU Bank Index w.e.f. October 22, 2009: The following company has been included in the Nifty PSU Bank Index w.e.f. October 22, 2009: No. Company name No. Company name 1. Corporation Bank 1. Allahabad Bank 7

8 TM GS Shariah BeES Goldman Sachs CNX Nifty Shariah Index Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS Shariah BeES is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty50 Shariah Index by investing in securities which are constituents of Nifty50 Shariah Index in the same proportion as in the index. Investors to note that GS Shariah BeES is not a Shariah compliant scheme. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Gauri Sekaria s Experience In managing this fund : Since January 18, 2013, total experience : 10 Yrs GS Shariah BeES Benchmark Total Returns Index Additional Benchmark Nifty50 Shariah Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed Reliance Industries Petroleum Products Tata Consultancy Services Software Hindustan Unilever Consumer Non Durables 6.88 Maruti Suzuki India Auto 6.62 Asian Paints Consumer Non Durables 5.24 Bharti Airtel Telecom - Services 4.99 Lupin Pharmaceuticals 4.34 Hero MotoCorp Auto 4.20 Oil & Natural Gas Oil 4.13 Corporation UltraTech Cement Cement 4.07 Dr. Reddy's Laboratories Pharmaceuticals 3.89 Industry Allocation as on July 29, 2016 Details of Dividend by GS Shariah BeES Grasim Industries Cement 3.29 Bharat Petroleum Petroleum Products 3.22 Corporation Tech Mahindra Software 3.16 Cipla Pharmaceuticals 2.79 Eicher Motors Auto 2.78 Tata Steel Ferrous Metals 2.48 GAIL (India) Gas 1.87 ACC Cement 1.66 Bharat Heavy Electricals Industrial Capital Goods 1.38 Total (A) (B) Other Current Assets 0.90 Petroleum Products Software Auto Consumer Non Durables Pharmaceuticals Cement Telecom - Services Oil Ferrous Metals Gas Industrial Capital Goods 1.38% 2.48% 1.87% 4.99% 4.13% 9.02% 12.12% 11.02% 13.59% 17.73% 20.75% 0% 5% 10% 15% 20% 25% Type of Record date Rate NAV per unit (`) distribution cum dividend Dividend March 11, 2014 ` 2.00 per unit All Dividends are on face value of ` 10 per unit. The NAV of the scheme, pursuant to pay out would fall to the extent of payout and statutory levy (if applicable). Allotment date March 18, 2009 ` 2.02 Cr. ` 2.10 Cr. Nifty50 Shariah Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol SHARIABEES BSE code ISIN INF732E01128 Bloomberg code SBEES:IN Equity Reuters code SBET.NS th Pricing (per unit) 1/10 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 10,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.09% Annualized 1.00% Annualized Standard deviation 13.06% Annualized Beta 1.00,^ Sharpe ratio 0.53 Annualized Portfolio turnover ratio 0.52 Nifty 50 Shariah Index Facts Full market capitalisation ` 2,355, Cr. P/E multiple P/B multiple 2.87 Dividend yield 1.25% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Nifty50 Shariah Index The following company has been included in the Nifty50 Shariah Index w.e.f. April 1, 2016: No. Company name 1. Eicher Motors 8

9 TM GS Hang Seng BeES Goldman Sachs Hang Seng Exchange Traded Scheme An Open-Ended, Exchange Listed Index Scheme investing in foreign securities The investment objective of GS Hang Seng BeES is to provide returns that, before expenses, closely correspond to the total returns of securities as represented by Hang Seng Index of Hang Seng Data Services Limited, by investing in the securities in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Gauri Sekaria (For foreign securities) s Experience In managing this fund : Since May 16, 2014, total experience : 10 Yrs Payal Kaipunjal (For debt securities) s Experience In managing this fund : Since allotment date, total experience : 12 Yrs GS Hang Seng BeES Benchmark Total Returns Index (INR) Additional Benchmark Hang Seng Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Instrument Industry* Weightage (%) (A) Equity Listed Tencent Holdings Information Technology 9.95 HSBC Holdings PLC Financials 9.13 China Mobile Telecommunications 8.11 AIA Group Financials 7.99 China Construction Bank Financials 6.04 Corporation Industrial & Commercial Financials 4.47 Bank of China Bank of China Financials 3.50 CK Hutchison Holdings Properties & Construction 3.39 Hong Kong Exchanges & Financials 3.03 Clearing Ping An Insurance (Group) Financials 2.61 Co. of China CNOOC Energy 2.29 Sun Hung Kai Properties Properties & Construction 2.22 CLP Holdings Utilities 2.11 Cheung Kong Property Properties & Construction 2.07 Holding China Petroleum & Chemical Energy 1.94 Corporation (Sinopec Corp.) China Life Insurance Co. Financials 1.82 The Link REIT Properties & Construction 1.79 Petrochina Co. Energy 1.53 Hong Kong & China Gas Utilities 1.52 Co. Hang Seng Bank Financials 1.46 Power Assets Holdings Utilities 1.45 China Overseas Land & Properties & Construction 1.39 Investment BOC Hong Kong (Holdings) Financials 1.30 The Wharf (Holdings) Properties & Construction 1.01 Sands China Consumer Services 0.99 Citic Pacific Conglomerates 0.94 MTR Corporation Consumer Services 0.89 Galaxy Entertainment Group Consumer Services 0.83 Instrument Industry* Weightage (%) China Resources Land Properties & Construction 0.74 Hengan International Group Consumer Goods 0.71 Co. Henderson Land Properties & Construction 0.70 Development Co. China Shenhua Energy Energy 0.70 Co. Swire Pacific Conglomerates 0.69 New World Development Properties & Construction 0.69 Co. China Unicom (Hong Kong) Telecommunications 0.68 Bank of East Asia Financials 0.64 Bank of Communications Financials 0.63 Co. Cheung Kong Infrastructure Utilities 0.63 Holdings Sino Land Co. Properties & Construction 0.58 Lenovo Group Information Technology 0.50 China Mengniu Dairy Consumer Goods 0.49 Company Belle International Holdings Consumer Goods 0.48 Hang Lung Properties Properties & Construction 0.47 Want Want China Holdings Consumer Goods 0.46 China Merchants Holdings Industrials 0.41 (International) Co. China Resources Power Utilities 0.33 Holdings Co. Li & Fung Consumer Goods 0.32 Kunlun Energy Company Energy 0.26 Cathay Pacific Airways Consumer Services 0.21 Tingyi (Cayman Islands) Consumer Goods 0.18 Holding Corp. Total (A) (B) Other Current Assets 2.75 * - The Industry Classification is as per Hang Seng Indexes Company Industry Allocation as on July 29, 2016 Financials Properties & Construction Information Technology Telecommunications Energy Utilities Consumer Services Consumer Goods Conglomerates Industrials 0.41% 2.92% 2.64% 1.64% 6.72% 6.04% 10.45% 8.79% 15.04% 42.62% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Allotment date March 09, 2010 ` 5.80 Cr. ` 5.70 Cr. Hang Seng Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol HNGSNGBEES BSE code ISIN INF732E01227 Bloomberg code HSBEES IN Equity Reuters code HNGS.NS th Pricing (per unit) 1/100 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 2,500 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.28% Annualized 1.00% Annualized Standard deviation 16.67% Annualized Beta 0.99,^ Sharpe ratio 0.07 Annualized Portfolio turnover ratio 0.09 Hang Seng Index Facts Full market capitalisation ` 11,957, Cr. P/E multiple Dividend yield 3.77% (Source: Hang Seng Indexes Company ) - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Hang Seng Index The following company has been excluded from the Hang Seng Index w.e.f. March 14, 2016: The following company has been included in the Hang Seng Index w.e.f. March 14, 2016: No. Company name No. Company name 1. China Resources Beer 1. Cheung Kong Infrastructure (Holdings) Co.. Holdings. 9

10 TM GS Infra BeES Goldman Sachs Infrastructure Exchange Traded Scheme An Open-Ended Exchange Listed Index Scheme The investment objective of GS Infra BeES is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Infrastructure Index by investing in the securities in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Gauri Sekaria s Experience In managing this fund : Since January 18, 2013, total experience : 10 Yrs GS Infra BeES Benchmark Total Returns Index Additional Benchmark Nifty Infrastructure Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed Larsen & Toubro Construction Project Bharti Airtel Telecom - Services NTPC Power 9.37 Power Grid Corporation of Power 9.25 India Adani Ports & Special Transportation 5.07 Economic Zone Bharti Infratel Telecom - Equipment 5.02 & Accessories Bharat Heavy Electricals Industrial Capital Goods 3.16 Tata Power Company Power 3.12 Container Corporation of India Transportation 3.01 Siemens Industrial Capital Goods 2.81 Idea Cellular Telecom - Services 2.80 Reliance Infrastructure Power 1.99 Voltas Construction Project 1.94 NHPC Power 1.68 Reliance Communications Telecom - Services 1.28 CESC Power 0.97 Reliance Power Power 0.91 GMR Infrastructure Construction Project 0.78 IRB Infrastructure Developers Construction 0.76 Tata Communications Telecom - Services 0.75 Engineers India Construction Project 0.75 JSW Energy Power 0.68 NCC Construction Project 0.64 Adani Power Power 0.62 PTC India Power 0.45 Total (A) (B) Other Current Assets 0.16 Industry Allocation as on July 29, 2016 Allotment date September 29, 2010 ` Cr. ` Cr. Nifty Infrastructure Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol INFRABEES ISIN INF732E01268 Bloomberg code IBEES IN Equity Reuters code IFRB.NS th Pricing (per unit) 1/10 of Index Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 5,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.15% Annualized 0.99% Annualized Standard deviation 24.76% Annualized Beta 1.00,^ Sharpe ratio 0.29 Annualized Portfolio turnover ratio 2.11 Nifty Infrastructure Index Facts Construction Project Power 29.05% 34.70% Full market capitalisation ` 963, Cr. P/E multiple P/B multiple 2.08 Dividend yield 1.16% (Source: Telecom - Services Transportation Industrial Capital Goods 5.97% 8.08% 16.26% - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29, Last Change in Nifty Infrastructure Index Telecom - Equipment & Accessories Construction 0.76% 5.02% 0% 5% 10% 15% 20% 25% 30% 35% 40% The following company has been excluded from the Nifty Infrastructure Index w.e.f. April 1, 2016: The following companies have been included in the Nifty Infrastructure Index w.e.f. April 1, 2016: No. Company name No. Company name 1. Jaiprakash Associates 1. Bharti Infratel 2. Container Corporation of India 3. NCC 10

11 CPSE ETF An Open-Ended Index Exchange Traded Scheme The investment objective of the CPSE ETF is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty CPSE Index, by investing in the Securities which are constituents of the Nifty CPSE Index in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund: Since allotment date, total experience: 12 Yrs CPSE ETF Benchmark Total Returns Index Additional Benchmark Nifty CPSE Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed Coal India Minerals/Mining Oil & Natural Gas Oil Corporation Indian Oil Corporation Petroleum Products GAIL (India) Gas Container Corporation of Transportation 7.42 India Power Finance Corporation Finance 5.43 Industry Allocation as on July 29, 2016 Rural Electrification Finance 4.82 Corporation Bharat Electronics Industrial Capital Goods 4.37 Oil India Oil 3.01 Engineers India Construction Project 1.85 Total (A) (B) CBLO, Cash & Other Current Assets 0.05 Allotment date March 28, 2014 ` 2, Cr. ` 2, Cr. Nifty CPSE Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE & BSE NSE symbol CPSEETF BSE code ISIN INF457M01133 Bloomberg code CPSEBE IN Equity Reuters code GOMS.NS & GOMS.BO Pricing (per unit) th 1/100 of Index Oil Minerals/Mining 25.46% 24.44% Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 100,000 units and in multiples thereof. On the Exchange - 1 unit & in multiples thereof. Petroleum Products 15.59% Tracking error 0.32% Annualized 0.49% Annualized Portfolio turnover ratio 0.25 Gas 10.57% Finance Transportation Industrial Capital Goods 4.37% 7.42% 10.25% Nifty CPSE Index Facts Full market capitalisation ` 714, Cr. P/E multiple P/B multiple 1.93 Dividend yield 3.64% (Source: Construction Project 1.85% 0% 5% 10% 15% 20% 25% 30% - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 27 months monthly data history. 11

12 TM GS Liquid BeES Goldman Sachs Liquid Exchange Traded Scheme An Open-Ended Liquid Exchange Traded Scheme The investment objective of GS Liquid BeES is to seek to provide current income, commensurate with relatively low risk while providing a high level of liquidity, primarily through a portfolio of treasury bills, Government Securities, Call Money, Collateralised Lending and Borrowing Obligation (CBLO)/similar instruments, Repos and Reverse Repos and other Money Market Instruments. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Siddharth Deb s Experience In managing this fund : Since November 23, 2012, total experience : 10 Yrs Particulars 7 Days 15 Days 1 Month June 30, 2015 to June 30, 2014 to June 30, 2013 to Since Inception Simple PTP Simple PTP Simple PTP Absolute PTP Absolute PTP Absolute PTP CAGR PTP Annualised Returns Annualised Returns Annualised Returns Returns Returns Returns Returns Returns Returns Returns Returns (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) GS Liquid BeES Benchmark Additional Benchmark CRISIL Liquid Fund Index, CRISIL 1 Year T-Bill Index Returns are based on Gross Dividend per unit declared by the Fund for the respective period of the performance shown above. Actual dividend in the hands of each investor will vary based on category and rate of dividend distribution tax applicable thereon. Returns for less than one year are simple annualized. Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends are assumed to be reinvested at the prevailing NAV. Distribution taxes are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of above mentioned period as at the end of that period scheme performance. Additional benchmark for Liquid scheme - source : CRISIL. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Instrument Weightage (%) (A) CBLO, Cash & Other Current Assets (B) Deposits Placed With National Securities Clearing Corporation 1.86 Allotment date July 08, 2003 ` 1, Cr. ` 1, Cr. CRISIL Liquid Fund Index NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol LIQUIDBEES BSE code ISIN INF732E01037 Bloomberg code LBEES:IN Reuters code LBES.NS Face value ` 1000 Per Unit Minimum investment Directly with fund - 1) For Subscription, in exchange of Portfolio Deposit and Cash Component in creation unit size of 2,500 units and in multiples of 1 unit thereof. For Redemption, in exchange of Portfolio Deposit and Cash Component in creation unit size of 2,500 units and in multiples of unit thereof. 2) MFSS & BSE StAR - For subscription, minimum of 1 unit & in multiples thereof. For redemption, minimum of units & in multiples thereof. On the exchange - 1 unit & in multiples thereof. Ratings Assigned to GS Liquid BeES India Ratings & Research Pvt.. (earlier known as Fitch Ratings India Pvt..) has assigned Credit Rating of IND A1+mfs* to GS Liquid BeES. India Ratings & Research Pvt.. s ratings are not a recommendation or suggestion, directly or indirectly, to investor, to buy, sell, make or hold any investment or security or to undertake any investment strategy with respect to any investment or security or any issuer. * - a) Past performance is no guarantee of future result. b) IND A1+mfs - It reflects scheme has very strong degree of safety regarding timely receipt of payments from the investments made. c) Rating assigned on January 13, Standard deviation ^ Modified duration ^ Average maturity 0.56% Annualized 0.27% Annualized 2.29 Days 2.29 Days - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. ^ - As on July 29,

13 TM GS Gold BeES Goldman Sachs Gold Exchange Traded Scheme An Open-Ended Gold Exchange Traded Scheme The investment objective of GS Gold BeES is to provide returns that, before expenses, closely correspond to the returns provided by domestic price of gold through physical gold. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Payal Kaipunjal s Experience In managing this fund : Since May 16, 2014, total experience : 12 Yrs GS Gold BeES Benchmark Domestic Price of Gold Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Instrument Weightage (%) (A) Gold (B) Gold Monetisation Scheme CBLO, Cash & Other Current Assets 0.65 Allotment date March 08, 2007 ` 1, Cr. ` 1, Cr. Domestic Price of Gold NAV ` Load structure Entry : Nil Exit : Nil Exchange listed NSE NSE symbol GOLDBEES BSE Code ISIN INF732E01102 Bloomberg code GBEES:IN EQUITY Reuters code GBES.NS Pricing (per unit) Approximately 1 gram of Gold Minimum investment Directly with fund - Creation/redemption in exchange of Portfolio Deposit and Cash Component in creation unit size of 1,000 units and in multiples thereof. On the exchange - 1 unit & in multiples thereof. Tracking error 0.10% Annualized 0.91% Annualized - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Based on 3 years monthly data history. 13

14 Goldman Sachs India Equity Fund An Open-Ended Equity Scheme The investment objective of Goldman Sachs India Equity Fund is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Hiren Dasani s Experience In managing this fund : Since June 28, 2013, total experience : 17 Yrs Aman Batra (For foreign securities) s Experience In managing this fund : Since allotment date, total experience : 15 Yrs GS India Equity Fund - Distributor Plan - Growth Benchmark Additional Benchmark Nifty 500 Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed Infosys Software 5.52 Axis Bank Banks 4.75 HDFC Bank Banks 4.14 IndusInd Bank Banks 3.47 Grasim Industries Cement 2.94 Maruti Suzuki India Auto 2.76 ITC Consumer Non Durables 2.35 Muthoot Finance Finance 2.26 Bajaj Finance Finance 1.91 Housing Development Finance 1.64 Finance Corporation Repco Home Finance Finance 1.62 Hindustan Petroleum Petroleum Products 1.58 Corporation Dalmia Bharat Cement 1.49 UPL Pesticides 1.39 SRF Textile Products 1.38 Aurobindo Pharma Pharmaceuticals 1.31 Britannia Industries Consumer Non Durables 1.31 JK Lakshmi Cement Cement 1.30 Bajaj Auto Auto 1.28 Coal India Minerals/Mining 1.27 Gillette India Consumer Non Durables 1.26 Thermax Industrial Capital Goods 1.25 Welspun India Textile Products 1.22 Capital First Finance 1.20 ICICI Bank Banks 1.18 Yes Bank Banks 1.14 Siemens Industrial Capital Goods 1.08 eclerx Services Software 1.08 Titan Company Consumer Durables 1.06 Multi Commodity Exchange Finance 1.04 of India The Indian Hotels Company Hotels, Resorts & Other 1.03 Recreational Activities VRL Logistics Transportation 1.03 Prestige Estates Projects Construction 1.00 Procter & Gamble Hygiene & Consumer Non Durables 0.96 Health Care Prism Cement Cement 0.93 Asian Paints Consumer Non Durables 0.90 Dynamatic Technologies Auto Ancillaries 0.88 Strides Shasun Pharmaceuticals 0.87 Mahindra & Mahindra Finance 0.86 Financial Services Navkar Corporation Transportation 0.86 Emami Consumer Non Durables 0.85 Poddar Developers Construction 0.85 Container Corporation of Transportation 0.84 India Kajaria Ceramics Construction 0.83 Ashiana Housing Construction 0.82 Century Textiles & Industries Cement 0.81 Industry Allocation as on July 29, 2016 Manpasand Beverages Consumer Non Durables 0.80 Info Edge (India) Software 0.80 PNC Infratech Construction 0.79 INOX Leisure Media & Entertainment 0.79 Colgate Palmolive (India) Consumer Non Durables 0.78 Bajaj Corp Consumer Non Durables 0.78 Bajaj Holdings & Investment Finance 0.76 Teamlease Services Commercial Services 0.76 Voltas Construction Project 0.76 Bayer Cropscience Pesticides 0.75 V.S.T Tillers Tractors Auto 0.74 Crompton Greaves Consumer Durables 0.72 Consumer Electricals Kolte - Patil Developers Construction 0.69 Sharda Cropchem Pesticides 0.68 Alembic Pharmaceuticals Pharmaceuticals 0.68 Navin Fluorine International Chemicals 0.68 Godrej Properties Construction 0.67 Natco Pharma Pharmaceuticals 0.67 Ramco Systems Software 0.65 Sonata Software Software 0.64 RattanIndia Power Power 0.64 Century Plyboards (India) Consumer Durables 0.63 Biocon Pharmaceuticals 0.62 Apar Industries Industrial Capital Goods 0.62 Escorts Auto 0.60 Dr. Reddy's Laboratories Pharmaceuticals 0.60 Alstom T&D India Industrial Capital Goods 0.60 Eicher Motors Auto 0.60 Whirlpool of India Consumer Durables 0.59 Firstsource Solutions Software 0.59 Equitas Holdings Finance 0.57 Grindwell Norton Industrial Products 0.56 VA Tech Wabag Engineering Services 0.54 ISGEC Heavy Engineering Industrial Capital Goods 0.53 Alstom India Industrial Capital Goods 0.52 Indo Count Industries Textiles - Cotton 0.52 J.Kumar Infraprojects Construction 0.48 Abbott India Pharmaceuticals 0.48 Indian Oil Corporation Petroleum Products 0.47 Credit Analysis & Research Finance 0.45 United Breweries Consumer Non Durables 0.43 Eveready Industries India Consumer Non Durables 0.41 MPS Consumer Non Durables 0.37 Atul Auto Auto 0.34 Monte Carlo Fashions Textile Products 0.28 Total (A) (B) CBLO, Cash & Other Current Assets 0.90 Banks 14.68% Finance 12.32% Consumer Non Durables 11.19% Software 9.27% Cement 7.46% Auto 6.14% 6.32% Construction Pharmaceuticals 5.22% Industrial Capital Goods Consumer Durables 3.00% 4.60% Textile Products 2.89% Pesticides 2.82% Transportation 2.72% Petroleum Products 2.05% Minerals/Mining 1.27% Hotels, Resorts & Other Recreational Activities 1.03% Auto Ancillaries 0.88% Media & Entertainment 0.79% Commercial Services 0.76% Construction Project 0.76% Chemicals 0.68% Power 0.64% Industrial Products 0.56% Engineering Services 0.54% Textiles - Cotton 0.52% 0% 5% 10% 15% 20% Allotment date November 7, 2012 Growth Option ` Cr. Dividend Option ` Cr. Growth Option ` Cr. Dividend Option ` Cr. Nifty 500 Index NAV Direct Plan Growth Option ` Dividend Option ` Distributor Plan Growth Option ` Dividend Option ` Minimum investment amount For regular investment ` 5,000/- & in multiples of ` 1/- thereafter. For SIP investment ` 1,000/- & in multiples of ` 1/- thereafter for monthly frequency with minimum 12 installments. Load Structure (for Regular & SIP Investors) Entry Load Nil Exit Load Redeemed within 1 year 1.00% from date of allotment Redeemed after 1 year Nil from date of allotment Direct Plan Distributor Plan Standard deviation 2.03% Annualized 2.68% Annualized 17.49% Annualized Beta 1.09,^ Sharpe ratio 1.17 Annualized Portfolio turnover ratio Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Please refer to the SIP enrollment form for terms and conditions before enrolment. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29,

15 Goldman Sachs CNX 500 Fund An Open-Ended Index Scheme The investment objective of Goldman Sachs CNX 500 Fund is to generate capital appreciation through equity investments by investing in securities which are constituents of Nifty 500 Index in the same proportion as in the index. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Gauri Sekaria s Experience In managing this fund : Since May 16, 2014, total experience : 10 Yrs GS CNX 500 Fund - Distributor Plan - Growth Benchmark Total Returns Index Additional Benchmark Nifty 500 Index, Nifty 50 Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Distribution taxes (if any) are excluded while calculating the returns. In case, 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. (A) Equity Listed HDFC Bank Banks 5.37 Housing Development Finance 4.68 Finance Corporation Infosys Software 4.63 ITC Consumer Non Durables 4.60 Reliance Industries Petroleum Products 3.62 ICICI Bank Banks 3.30 Tata Consultancy Services Software 3.01 Larsen & Toubro Construction Project 2.76 Tata Motors Auto 2.10 Axis Bank Banks 1.96 Sun Pharmaceuticals Pharmaceuticals 1.94 Industries Kotak Mahindra Bank Banks 1.75 State Bank of India Banks 1.54 Mahindra & Mahindra Auto 1.47 Hindustan Unilever Consumer Non Durables 1.42 Maruti Suzuki India Auto 1.36 Indusind Bank Banks 1.24 Asian Paints Consumer Non Durables 1.08 Bharti Airtel Telecom - Services 1.03 Equity Less than 1% of Corpus Total (A) (B) Other Current Assets 0.05 Industry Allocation as on July 29, 2016 Banks Software Consumer Non Durables Finance Auto Pharmaceuticals Petroleum Products Construction Project 3.35% Cement 3.25% Power 2.82% Auto Ancillaries 1.88% Telecom - Services 1.49% Industrial Capital Goods 1.47% Industrial Products 1.39% Consumer Durables 1.27% Transportation 1.23% Oil 1.21% Media & Entertainment 1.15% Ferrous Metals 1.13% Minerals/mining 1.11% Construction 1.02% Non - Ferrous Metals 0.93% Gas 0.83% Chemicals 0.70% Pesticides 0.62% Textile Products 0.56% Telecom - Equipment & Accessories 0.48% Retailing 0.28% Healthcare Services 0.27% Hotels, Resorts And OtherRecreational Activities 0.26% Trading 0.19% Fertilisers 0.18% Textiles - Cotton 0.09% Engineering Services 0.05% Services 0.05% Paper 0.05% Textiles - Synthetic 0.02% Hardware 0.01% Diversified Consumer Services 0.002% Last Change in Nifty 500 Index 5.55% 8.02% 7.29% 11.25% 10.88% 9.71% For Last changes in the constituents of benchmark index of the scheme, please refer to page no. 16. (*) - Nominal Investment Amount - This is the amount which the investor will invest at the time of enrolment for VIP. The nominal amount would be used to calculate target portfolio amount and in the circumstances when market rises in straight line giving the target return, this amount would be the actual amount to be invested. The minimum nominal amount shall be ` 2,000/- and in multiples of ` 1/- thereafter and there is no maximum cap on this amount. Minimum Investment Amount Per Month = 0 (Zero). Maximum Monthly Debit Amount - This amount is the maximum amount which the investor would allow the Fund to debit from their account. There is no upper limit for this amount but the amount shall be higher than the nominal amount. The rate of return to be considered for VIP is 15% per annum, based on which the monthly installments of investments to be invested by the investor would be calculated. Note: Please refer to Scheme Information Document for more details. Details of Dividend by GS CNX 500 Fund - Dividend Plan 17.92% 0% 5% 10% 15% 20% Type of distribution Record date Rate NAV per unit (`) cum dividend Dividend March 15, 2010 ` 6.75 per unit All Dividends are on face value of `10 per unit. After payment of dividend, per unit NAV will fall to the extent of the payout and dividend distribution tax (if applicable). Allotment date January 06, 2009 Growth Option ` Cr. Dividend Option ` Cr. Growth Option ` Cr. Dividend Option ` Cr. Nifty 500 Index NAV Direct Plan Growth option ` Dividend option ` Distributor Plan Growth option ` Dividend option ` Minimum investment amount For regular investment ` 10,000/- & in multiples of ` 1/-thereafter. For SIP investment ` 1,000/- & in multiples of ` 1/- thereafter for monthly frequency with minimum 12 installments. For VIP investment See details below * Load structure (for Regular & SIP Investors) Entry load Nil Exit load Redeemed within 1 year 1.50% from date of allotment Redeemed after 1 year from Nil date of allotment Tracking error 0.15% Annualized Direct Plan 1.04% Annualized Distributor Plan 1.69% Annualized Standard deviation 15.44% Annualized Beta 0.99,^ Sharpe ratio 0.75 Annualized Portfolio turnover ratio 0.05 Nifty 500 Index Facts Full market capitalisation ` 9,902, Cr. P/E multiple P/B multiple 3.01 Dividend yield 1.24% (Source: - Total Expense of the month / Average Asset / number of days in Service tax on investment & advisory fees will be charged at the applicable rate in addition to expense ratio mentioned above. For maximum chargeable expense ratio, please refer to SID. - Please refer to the SIP enrollment form for terms and conditions before enrolment. - Based on 3 years monthly data history. ^ - Risk free returns based on 1 day MIBOR of 6.59% as on July 29,

16 Last changes in the constituents of benchmark index Last Change in Nifty Next 50 Index Last Change in Nifty 500 Index (Contd...) The following companies have been excluded from the Nifty Next 50 Index w.e.f. April 1, 2016: No. Company name 1. Aurobindo Pharma 2. Bajaj Holdings & Investment 3. Bank of India 4. Bharti Infratel 5. Canara Bank 6. Eicher Motors 7. Exide Industries 8. Federal Bank 9. Mahindra & Mahindra Financial Services 10. MRF 11. Petronet LNG 12. Reliance Capital 13. Reliance Infrastructure 14. Sundaram Finance 15. Tata Chemicals 16. Tata Global Beverages Last Change in Nifty 500 Index The following companies have been excluded from the Nifty 500 Index w.e.f. April 1, 2016: No. Company name 1. Adlabs Entertainment 2. AgroTech Foods 3. Asahi India Glass 4. Automotive Axles 5. Camlin Fine Sciences 6. Carborundum Universal 7. Century Enka 8. Dhanlaxmi Bank 9. Entertainment Network India 10. ESAB India 11. Federal-Mogul Goetze (India) 12. Flexituff International 13. Gabriel India 14. Gammon Infrastructure Projects 15. Geojit BNP Paribas Financial Services 16. Geometric 17. GHCL 18. Gitanjali Gems 19. Graphite India 20. GTL Infrastructure 21. Gujarat Alkalies & Chemicals 22. Gujarat Industries Power Co. 23. Gujarat Narmada Valley Fertilizers and Chemicals 24. Gulf Oil Lubricants India 25. H.E.G. 26. Heritage Foods 27. IL & FS Engineering and Construction Company 28. Indiabulls Ventures 29. ITD Cementation India The following companies have been included in the Nifty Next 50 Index w.e.f. April 1, 2016: No. Company name 1. ABB India 2. Bajaj Finance 3. Bharat Electronics 4. Cadila Healthcare 5. Cairn India 6. Castrol India 7. DLF 8. Emami 9. Hindustan Zinc 10. NHPC 11. Pidilite Industries 12. Procter & Gamble Hygiene & Health Care 13. Punjab National Bank 14. Shree Cement 15. Torrent Pharmaceuticals 16. Vedanta The following companies have been included in the Nifty 500 Index w.e.f. April 1, 2016: No. Company name 1. 8K Miles Soft Services 2. Aarti Drugs 3. Adani Enterprises 4. AdaniTransmission 5. Aditya Birla Fashion and Retail 6. Aegis Logistics 7. Ahluwalia Contracts (India) 8. Ashiana Housing 9. Avanti Feeds 10. BGR Energy Systems 11. Bliss GVS Pharma 12. Bombay Rayon Fashions 13. Caplin Point Laboratories 14. CCL Products (I) 15. Cera Sanitaryware 16. Dalmia Bharat 17. Dhanuka Agritech 18. DishTV India 19. Global Offshore Services 20. Granules India 21. Greenply Industries 22. Grindwell Norton 23. Gujarat Gas 24. HeidelbergCement India 25. Hindustan Media Vent 26. Hitachi Home & Life Solutions (India) 27. HMT 28. Hotel Leela Venture 29. IDFC The following companies have been excluded from the Nifty 500 Index w.e.f. April 1, 2016: 30. IVRCL 31. Jyoti Structures 32. KCP 33. Kewal Kiran Clothing 34. KNR Constructions 35 KSB Pumps 36. LG Balakrishnan & Bros 37. Linde India 38. Maharashtra Scooters 39. Maharashtra Seamless 40. MBL Infrastructures 41. Mercator 42. Metalyst Forgings 43. MT Educare 44. Munjal Showa 45. Nava Bharat Ventures 46. Navneet Education 47. NDTV 48. NIIT 49. NOCIL 50. Noida-Toll Bridge Co. 51. Opto Circuits (I) 52. Oswal Chemicals & Fertilizers 53. Patel Engineering 54. Peninsula Land 55. Pennar Industries 56. Prakash Industries 57. Religare Enterprises 58. Rico Auto Industries 59. S.E. Investments 60. Shanthi Gears 61. Shrenuj & Co. 62. Sona Koyo Steering Systems 63. Srikalahasthi Pipes 64. State Bank oftravancore 65. Supreme Infrastructure India 66. Supreme Petrochem 67. Swaraj Engines 68. Tata Investment Corporation 69. TD Power Systems 70. TVToday Network 71. Usha Martin 72. Uttam Galva Steels 73. Vesuvius India 74. Visagar Polytex 75. Wheels India The following companies have been included in the Nifty 500 Index w.e.f. April 1, 2016: 30. IFB Industries 31. Igarashi Motors India 32. Indo Count Industries 33. Indoco Remedies 34. Intellect Design Arena 35. International Paper APPM 36. Jet Airways (India) 37. Jindal Poly Films 38. JMT Auto 39. Kesoram Industries 40. Kirloskar Oil Eng 41. Kwality 42. MahanagarTelephone Nigam 43. Mahindra CIE Automotive 44. Manappuram Finance 45. Manpasand Beverages 46. Minda Corporation 47. Navkar Corporation 48. PC Jeweller 49. Polaris Consulting & Services 50. Ramco Systems 51. Ramkrishna Forgings 52. RattanIndia Power 53. Relaxo Footwears 54. Sadbhav Infrastructure Project 55. Sharda Cropchem 56. Shilpa Medicare 57. SJVN 58. SML Isuzu 59. Snowman Logistics 60. Solar Industries India 61. Somany Ceramics 62. StateTrading Corporation of India 63. Styrolution ABS (India) 64. Syngene International 65. Take Solutions 66. Tata Motors DVR 67. TataTeleservices (Maharashtra) 68. Texmaco Rail & Eng. 69. Tide Water Oil (India) 70. Timken India 71. Transport Corporation of India 72. TriveniTurbine 73. TVS Srichakra 74. V-Guard Industries 75. Wonderla Holidays 76. Zee Learn 16

17 Comparative Performance of all schemes All data as of June 30, 2016 Schemes Managed by Payal Kaipunjal Scheme Name June 30, 2015 to June 30, 2014 to June 30, 2013 to Since Inception Allotment Date GS Nifty BeES Dec-2001 Nifty 50 Index (Benchmark) Nifty 50 Total Returns Index GS Junior BeES Feb-2003 Nifty Next 50 Index (Benchmark) Nifty Next 50 Total Returns Index Nifty 50 Index GS Bank BeES May-2004 Nifty Bank Index (Benchmark) Nifty Bank Total Returns Index Nifty 50 Index GS PSU Bank BeES Oct-2007 Nifty PSU Bank Index (Benchmark) Nifty PSU Bank Total Returns Index Nifty 50 Index GS Gold BeES Mar-2007 Domestic Price of Gold (Benchmark) GS Hang Seng BeES Mar-2010 Hang Seng Index (Benchmark) Hang Seng Total Returns Index (INR) Nifty 50 Index CPSE ETF Mar-2014 Nifty CPSE Index (Benchmark) Nifty CPSE Total Returns Index Nifty 50 Index Schemes Managed by Gauri Sekaria GS CNX 500 Fund - Distributor Jan-2009 Plan - Growth Nifty 500 Index (Benchmark) Nifty 500 Total Returns Index Nifty 50 Index GS Shariah BeES Mar-2009 Nifty50 Shariah Index (Benchmark) Nifty50 Shariah Total Returns Index Nifty 50 Index GS Hang Seng BeES Mar-2010 Hang Seng Index (Benchmark) Hang Seng Total Returns Index (INR) Nifty 50 Index GS Infra BeES Sep-2010 Nifty Infrastructure Index (Benchmark) Nifty Infrastructure Total Returns Index Nifty 50 Index Schemes Managed by Hiren Dasani & Aman Batra GS India Equity Fund - Distributor Plan - Growth Nov-2012 Nifty 500 Index (Benchmark) Nifty 50 Index Schemes Managed by Siddharth Deb Scheme Name 7 Days 15 Days 1 Month June 30, 2015 to June 30, 2014 to June 30, 2013 to Since Inception Allotm- ent Date Simple PTP Simple PTP Simple PTP Absolute PTP Absolute PTP Absolute PTP CAGR PTP Annualised Returns Annualised Returns Annualised Returns Returns Returns Returns Returns Returns Returns Returns Returns (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) (%) (INR) GS Liquid BeES Jul CRISIL Liquid Fund Index (Benchmark) CRISIL 1 Year T-Bill Index Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Distribution taxes (if any) are excluded while calculating the returns. Bonus declared has been adjusted. 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. Point to Point (PTP) returns in INR is based on standard investment of INR 10,000 made at the beginning of 12 month period as at the end of that period scheme performance. Additional benchmark for equity schemes - source : National Stock Exchange of India. For GS Liquid BeES - Returns are based on Gross Dividend per unit declared by the Fund for the respective period of the performance shown above. Actual dividend in the hands of each investor will vary based on category and rate of dividend distribution tax applicable thereon. Returns for less than one year are simple annualized. Returns for one year are absolute. Returns for more than one year are compounded annualized. Dividends are assumed to be reinvested at the prevailing NAV. Distribution taxes are excluded while calculating the returns. Additional benchmark for Liquid scheme - source : CRISIL. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Represents Additional Benchmark. 17

18 SIP Investment Performance for Open Ended Equity Schemes All data as of June 30, 2016 The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would st have grown if you had invested say ` 10,000 systematically on the 1 Working Day of every month over a period of time. st The returns are calculated by XIRR approach assuming investment of ` 10,000/- on the 1 Working Day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. GS CNX 500 Fund - Distributor Plan - Growth * SIP Investments 1 Year 3 Years 5 Years Since Inception Total Amount Invested (` '000) Market Value as on Month End (` '000) Scheme Returns (CAGR %) Nifty 500 Index (Benchmark) Returns (CAGR %) Nifty 500 Total Returns Index Returns (CAGR %) Nifty 50 Index (Additional Benchmark) Returns (CAGR %) th Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. * Allotment date is 6 January GS India Equity Fund - Distributor Plan - Growth * SIP Investments 1 Year 3 Years 5 Years Since Inception Total Amount Invested (` '000) Market Value as on Month End (` '000) Scheme Returns (CAGR %) Nifty 500 Index (Benchmark) Returns (CAGR %) Nifty 50 Index (Additional Benchmark) Returns (CAGR %) th Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. * Allotment date is 7 November An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount This is the minimum investment amount for an existing investor in a mutual fund scheme. SIP SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests ` 500 every 15th of the month in an equity fund for a period of three years. NAV The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty 50, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ` 100 and the entry load is 1%, the investor will enter the fund at ` 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. How to read Exit Load Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing NAV at the time of redemption. The investor will receive Redemption proceed at Net Value of NAV less Exit Load for instance if the NAV is `100 and the Exit Load is 1%, the investor will receive `99. Modified Duration Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. AUM AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. 18

19 INVESTMENT MANAGER Goldman Sachs Asset Management (India) Pvt A, Rational House, Appasaheb Marathe Marg, Prabhadevi, Mumbai Phone: Fax: gsamindiags.com Website: Toll Free Number: SPONSOR Goldman Sachs Asset Management L. P. Corporation Trust Centre, 1209 Orange Street, Wilmington, Delaware 19801, U.S.A. TRUSTEE Goldman Sachs Trustee Company (India) Pvt A, Rational House, Appasaheb Marathe Marg, Prabhadevi, Mumbai Phone: Fax: For GS Nifty BeES, GS Junior BeES, GS Liquid BeES, GS Bank BeES, GS Gold BeES, GS PSU Bank BeES, GS Shariah BeES, GS Hang Seng BeES, GS Infra BeES, CPSE ETF & Goldman Sachs India Equity Fund Citibank N.A. 3rd Floor, TRENT HOUSE, G Block, Plot No.60, Bandra Kurla Complex Bandra East, Mumbai Phone: Fax: CUSTODIAN For Goldman Sachs CNX 500 Fund Deutsche Bank AG. D.B. House, Hazarimal Somani Marg, Post Box-1142, Fort, Mumbai Phone: Fax: For GS Gold BeES The Bank of Nova Scotia. 12/13, Maker Chamber VI, 220, Nariman Point, Mumbai Phone: /40 Fax: Contact us on (toll free) or visit for more information For complaints/ grievance redressal, kindly contact Mr. Rajdeep Basu at rajdeep.basugs.com Statutory Details: Goldman Sachs Mutual Fund in India has been set up as a trust by Goldman Sachs Asset Management L. P. (liability restricted to seed corpus of 1 lac) with Goldman Sachs Trustee Company (India) Private Limited as the Trustee (Trustee under the Indian Trusts Act 1882) and with Goldman Sachs Asset Management (India) Private Limited as the Investment Manager. The fund offers NAVs, purchases and redemptions on all business days except during the period when there is a book closure. Mutual fund investments are subject to market risks, read all scheme related documents carefully. 19

20 Disclaimers GS Nifty BeES, GS Shariah BeES and CPSE ETF are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL"). IISL does not make any representation or warranty, express or implied, to the owners of GS Nifty BeES, GS Shariah BeES and CPSE ETF or any member of the public regarding the advisability of investing in securities generally or in GS Nifty BeES, GS Shariah BeES and CPSE ETF. Please read the full Disclaimers in relation to the Nifty 50 Index, Nifty50 Shariah Index and Nifty CPSE Index in the Scheme Information Document before investing. The Products on Nifty Next 50 Index, Nifty Bank Index, Nifty PSU Bank Index and Nifty Infrastructure Index are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make and expressly disclaims any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) regarding the advisability of investing in the products linked to Nifty Next 50 Index, Nifty Bank Index, Nifty PSU Bank Index and Nifty Infrastructure Index or particularly in the ability of the Nifty Next 50 Index, Nifty Bank Index, Nifty PSU Bank Index and Nifty Infrastructure Index to track general stock market performance in India. The Hang Seng Index (the Index ) is published and compiled by Hang Seng Indexes Company Limited pursuant to a license from Hang Seng Data Services Limited. The mark and name Hang Seng Index are proprietary to Hang Seng Data Services Limited. Hang Seng Indexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the index by Goldman Sachs Asset Management (India) Pvt.. in connection with Goldman Sachs Hang Seng Exchange Traded Scheme (GS Hang Seng BeES) (the Product ), but neither Hang Seng Indexes Company Limited nor Hang Seng Data Services Limited warrants or represents or guarantees to any broker or holder of the product or any other person (i) the accuracy or completeness of the index and its computation or any information related thereto; or (ii) the fitness or suitability for any purpose of the index or any component or data comprised in it; or (iii) the results which may be obtained by any person from the use of the index or any component or data comprised in it for any purpose, and no warranty or representation or guarantee of any kind whatsoever relating to the index is given or may be implied. The process and basis of computation and compilation of the index and any of the related formula or formulae, constituent stocks and factors may at any time be changed or altered by Hang Seng Indexes Company Limited without notice. To the extent permitted by applicable law, no responsibility or liability is accepted by Hang Seng Indexes Company Limited or Hang Seng Data Services Limited (i) In respect of the use of and/ or reference to the index by Goldman Sachs Asset Management (India) Pvt.. in connection with the product; or (ii) for any inaccuracies, omissions, mistakes or errors of Hang Seng Indexes Company Limited in the computation of the index; or (iii) for any inaccuracies, omissions, mistakes, errors or incompleteness of any information used in connection with the computation of the index which is supplied by any other person; or (iv) for any economic or other loss which may be directly or indirectly sustained by any broker or holder of the product or any other person dealing with the product as a result of any of the aforesaid, and no claims, actions or legal proceedings may be brought against Hang Seng Indexes Company Limited and/ or Hang Seng Data Services Limited in connection with the product in any manner whatsoever by any broker, holder or other person dealing with the product. Any broker, holder or other person dealing with the product does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng Indexes Company Limited and/ or Hang Seng Data Services Limited and must not be construed to have created such relationship. Please read the Scheme Information Documents (SID) and Statement of Additional Information (SAI) carefully before investing. For schemes specific risk factors, please refer SID. For more details please refer the SID, SAI, Key Information Memorandum and Application Form which are available at the office of the AMC or can be downloaded from NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the Disclaimer Clause of NSE Information gathered & material used in this document is believed to be from reliable sources. However, Goldman Sachs Asset Management (India) Private Limited does not warrant the accuracy, reasonableness and/or completeness of any information. References to indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only and do not imply that the portfolio will achieve similar results. The index composition may not reflect the manner in which a portfolio is constructed. While an adviser seeks to design a portfolio which reflects appropriate risk and return features, portfolio characteristics may deviate from those of the benchmark. Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur. THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO. Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant. This material is issued in or from India by Goldman Sachs Asset Management (India) Private Limited (GSAM India) The website links provided are for your convenience only and are not an endorsement or recommendation by GSAM of any of these websites or the products or services offered. GSAM is not responsible for the accuracy and validity of the content of these websites. Index Benchmarks Indices are unmanaged. The figures for the index reflect the reinvestment of all income or dividends, as applicable, but do not reflect the deduction of any fees or expenses which would reduce returns. Investors cannot invest directly in indices. The indices referenced herein have been selected because they are well known, easily recognized by investors, and reflect those indices that the Investment Manager believes, in part based on industry practice, provide a suitable benchmark against which to evaluate the investment or broader market described herein. Confidentiality No part of this material may, without GSAM s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient Goldman Sachs. All rights reserved OTU