N o v e m b e r Birla Sun Life. Birla Sun Life Frontline Equity Fund

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1 N o v e m b e r 2 1 How do you always keep your investments at the top? Frontline Equity Fund Frontline Equity Fund An open ended Growth Scheme An Open ended Growth Scheme For more details please refer page No 26 Call / (toll-free) Visit sms AIM to Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information / Scheme Information Document carefully before investing.

2 N o v e m b e r 2 1 Index OUTLOOK SIP SAVINGS SOLUTIONS Cash Plus Cash Manager Savings Fund Short Term Fund Dynamic Bond Fund Medium Term Plan Income Plus Income Fund Floating Rate - Short Term Plan Gilt Plus Government Securities Fund Enhanced Arbitrage Fund REGULAR INCOME SOLUTIONS Monthly Income MIP MIP II - Wealth 25 Plan MIP II - Savings 5 Plan TAX SAVINGS SOLUTIONS Tax Relief ' Tax Plan WEALTH CREATION SOLUTIONS Equity Fund Advantage Fund cap Fund Frontline Equity Fund Infrastructure Fund Basic Industries Fund India GenNext Fund New Millennium Fund Top 1 Fund Buy India Fund MNC Fund Index Fund India Opportunities Fund Dividend Yield Plus Fund Freedom Fund Asset Allocation Fund Special Situations Fund Commodity Equities Fund International Equity Fund - Plan A International Equity Fund - Plan B Small & cap Fund India Reforms Fund Pure Value Fund Long Term Advantage Fund DIVIDEND HISTORY ASSET ALLOCATION GUIDE OUR COVERAGE METHODOLOGY OF RANKING

3 N o v e m b e r 2 1 Outlook Equity Outlook FIIs bolster Indian markets After recording double-digit gains in September, the benchmark indices consolidated the gains in October. The BSE Sensex and the S&P CNX Nifty eased by.2% each. Meanwhile, the listing of Coal India attracted massive investor interest. This amply demonstrates that investors are willing to pour capital wherever they see sustainability of earnings trajectory. So, FIIs infused $6.42 billion in October, the highest amount in any single month since they were first allowed to invest in local stocks. This has taken the total FII inflow, so far in 21, beyond $24.79 billion, a record for a single calendar year. Sector performance was skewed. Health Care segment climbed 7.3%. Oil & gas and Auto surged by over 4% each. Among the laggards were Power, FMCG and Real Estate. Healthy earnings The second quarter earnings did not disappoint the market and painted a healthy picture for domestic businesses. So, Consumers, Financials, Healthcare and Industrials posted better than expected profit growth while Utilities and Commodities disappointed. Need to watch macro data On the economic front, India's infrastructure output grew at 2.5% y-o-y in September, the slowest pace in the last 18 months. This is the second data after the subdued IIP data released earlier showed a decline. We believe that these statistical series are too volatile to decisively indicate a trend change from one or two months of data. That is why we focus on the RBI's statement in the latest Review of Monetary Policy where it has indicated that the domestic economy is operating close to the trend growth rate, driven mainly by domestic factors. The normal Southwest monsoon and its delayed withdrawal have boosted the prospects of both kharif and rabi agricultural production which should also stimulate rural demand. Most industrial and service sector indicators also point towards sustained growth. The Central Bank retained its baseline GDP growth rejection at 8.5%. The RBI indicated its cautious stance on inflation and that some of the components could be becoming structural in nature. Its focus is on containing build up of inflationary expectations. Along with 25bps increase in repo and reverse-repo rates, the RBI also announced some measures to prevent excessive leveraging in the Real Estate sector. Momentum likely to sustain Looking at the broader picture, the recovery seems well established and transition from government stimulus to private-sector led growth is visible. Though markets may witness moderate correction induced by global macroeconomic volatility, it should attract significant buying support at the lower price levels. We think that domestic investors would gradually start coming back to equity markets after tasting the sweet fruits of returns in some recent IPOs. Just to reiterate our stance, investors should allocate incremental capital to equity markets at regular intervals. Corporate earnings have recovered from the downturn and given the momentum in domestic economy we could expect earnings growth of 15-2% over the next 3 years which would be the primary driver market returns going forward. Debt Outlook Inflation weighed on sentiment Government bond yields traded with an upside bias in October. Markets prepared for an impending monetary action by the Central Bank in the November 2 credit policy review that would look to calm the surge in inflationary expectations on account of the composite WPI growth at unacceptably high levels. The 1-year benchmark bond lost its sheen as market participants diverted volumes towards the 222 bonds; yield on the 7.8% 22 bond hardened from the 7.9% levels to close the month at 8.12%. Macro data mixed Industrial Production growth released at a dismal 5.6% for the month of August relative to market expectations of 9.5% while the previous month's print was revised higher by 14bps to 15.2%. Capital Goods component of the use-based classification of the Industrial growth contributed a contraction of.34% to the overall index relative to growth of 8.7% in the previous month reiterating the volatility in the momentum of industrial activity in the economy. Non-discretionary consumption continues to remain weak, the non-durable goods production contributing the smallest (.38%) to the average IP growth of 1.6% in the April-August 21 period. Inflation on the other hand for the month of September remained firm at 8.6% (in line with market expectations) and further expected to remain sticky as commodity price pressures on account of the second round of quantitative easing would keep the core inflation (largely demandpush inflation) firm. Positive guidance from RBI The Central Bank doled out the much expected rate action in the November 2 policy review, raising the repo and reverse repo by 25bps each but also citing a much lower likelihood of any further hikes in the coming three months (defined as the near term), as the inflation trajectory is expected to come off to 6% level by March 211. With fears of persistent asset price inflation on account of plush global liquidity rendering serious upside risks to core inflation notwithstanding, bond market cheered the near term pause guidance given by RBI. Bond prices were observed to be inching higher in response also as the central bank announced a proactive stance on liquidity management to avert sharp fluctuations in cash conditions that may hinder bank credit growth and government bond issuances. The most liquid 8.13% 222 bond traded strong as its yield softened nearly 1bps since October-end levels to trade currently at 8.2%. Open market purchase announcement by the central bank in long dated securities (more importantly the 7.8% 22 bond) further encouraged investor sentiment to support the bond price gains observed in the first week of November. Liquidity tight Liquidity in the banking system however remained in deficit and more importantly skewed on account of the Coal India IPO outflows from the system. Short term rates were rose in response the 3-month rate on certificate of deposits firmed by 1-15bps to nearly 8% levels while the one-year asset traded consistently at 8.5% plus levels. FOMC's decision to purchase another $6 billion of longer term treasury securities (second round of quantitative easing) sustained the buying is US bonds although possible commodity price inflation as liquidity flows to other asset classes was not observed to reinforce the investor sentiment domestic bond markets. Decline in inflation momentum expected We remain positive on government bond yields, expected to come off now on account of the gradual decline in inflation momentum (owing to the favourable base effect and the monsoon impact on food price inflation) and subsequently the central bank's intent to pause for any near term rate action. Global economic recovery is expected to report intermittent jerks that are expected to keep investor interest intact in global bonds although the domestic investor sentiment would be largely governed by domestic macroeconomic indicators only. We expect the growth in bank credit to clock sub-2% levels by FY11-end as the noninfrastructure sector lending remains weak further indicating a momentum slowdown in industrial activity and the overall growth trajectory. Liquidity is expected to remain tight as the coming weeks drain out the currency from the system on account of the festive season spending. We remain negative on corporate spreads that may widen going ahead on account of the expected softening of the underlying benchmark sovereign yields. While short-term rates currently trading at 8% plus levels across the 3-month plus maturities are expected to have peaked out amidst the banking system cash deficit of nearly INR 1 trillion, we do not however expect any material easing in rates as the banking system would reel under a structural liquidity deficit. Our Investment Team (In alphabetical order) Achala Kanitkar Research Analyst : Equity Lokesh Mallya Fund Manager / Research Analyst : Fixed Income Rohit Murarka Research Analyst : Fixed Income Ajay Argal Head Equity : Offshore Mahesh Patil Head Equity : Domestic Sanjay Chawla Fund Manager : Equity Ajay Garg Fund Manager : Equity Ankit Sancheti Fund Manager/ Research Analyst : Equity Atul Penkar Fund Manager/ Research Analyst : Equity Chanchal Khandelwal Research Analyst : Equity Hemang Dagli Sr. Equity Dealer / Fund Manager Kaustubh Gupta Fund Manager / Dealer : Fixed Income Maneesh Dangi Mayank Hyanki Naysar Shah Nishit Dholakia Paresh Khandelwal Prasad Dhonde Head : Fixed Income Research Analyst : Equity Sr Research Analyst : Equity Fund Manager / Research Analyst : Equity Research Analyst : Equity Fund Manager / Dealer : Fixed Income Satyabrata Mohanty Shaktie Prakash Sujit Patki Sunaina Da cunha Varda Pandey Vineet Maloo Head : Mixed Fund Manager / Dealer : Fixed Income Dealer : Equity Fund Manager / Research Analyst : Fixed Income Research Analyst : Fixed Income Fund Manager/ Research Analyst : Equity 3

4 N o v e m b e r 2 1 Systematic Investment As on October 31, 21 SIP is a powerful tool that can help you create wealth over time. Investment Period Total Investment Tax Relief 96 BSE 2 (Benchmark Index) Value of SIP in Returns (%)* Tax Relief 96 BSE 2 (Benchmark Index) Date of First Installment : April 1, 1996 Inception Date : March 29, 1996 Tax Relief 96 Since Inception % 3.94% Last 5 years % 18.83% Last 3 years % 27.63% Last 1 year % 32.24% Investment Period Total Investment cap Fund Value of SIP in Returns (%)* cap Fund Since Inception % 31.51% Last 5 years % 24.56% Last 3 years % 35.3% Last 1 year % 33.51% Date of First Installment : November 1, 22 Inception Date : October 3, 22 Frontline Equity Fund Value of SIP in Returns (%)* Investment Period Total Investment BSE 2 BSE 2 (Benchmark Index) Frontline Equity (Benchmark Index) Frontline Equity Fund Fund Since Inception % 28.92% Last 5 years % 22.93% Last 3 years % 29.1% Last 1 year % 31.6% Date of First Installment : October 1, 22 Inception Date : August 3, 22 Dividend Yield Plus Value of SIP in Returns (%)* Investment Period Total Investment S & P CNX 5 S & P CNX 5 (Benchmark Index) Dividend Yield (Benchmark Index) Dividend Yield Plus Plus Since Inception % 27.72% Last 5 years % 27.97% Last 3 years % 42.1% Last 1 year % 5.77% Date of First Installment : March 1, 23 Inception Date : February 26, 23 Investment Period Total Investment CNX cap (Benchmark Index) 95 Fund CRISIL Balanced Fund Index (Benchmark Index) Value (`) of SIP in Returns (%)* '95 Fund CNX cap (Benchmark Index) CRISIL Balanced Fund Index (Benchmark Index) cap Fund '95 Fund Since Inception % 26.8% Last 5 years % 21.12% Last 3 years % 28.6% Last 1 year % 3.25% Date of First Installment : April 1, 1995 Inception Date : February 1, Note : Past performance may or may not be sustained in future. Returns assume reinvestment of tax free dividend declared. The data assumes the investment of ` 1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) The above returns calculated assuming investments in Plan A -Growth option or Growth option as applicable and Dividend Plan in case of Tax Relief'96

5 Savings Ultra Short Term Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An open-ended short term income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities with relatively low levels of interest rate risk. Low Fund Manager : Mr. Kaustubh Gupta & Mr. Lokesh Mallya Managing Fund Since : September 29, 29 Total Experience : 5 years & 4 years Date of inception : April 19, 22 Nature of the scheme : An Open-ended Short Term Income Scheme Default option : Appln of less than ` 2 cr - Retail Plan - Fortnightly Dividend Reinvestment Appln of equal to or greater than ` 2 cr - Institutional Plan - Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : ` 1/- Additional Purchase : ` 1/- Institutional Plan Fresh Purchase : ` 2 Crore Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Retail Plan Growth : Daily Dividend : 1.55 (Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Institutional Plan Growth : Daily Dividend : 1.55 (Reinvestment) Weekly Dividend : (Payout & Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Ulta Short Term Fund - Retail Plan - Growth CRISIL Short-Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments 11.9 Dena Bank P1+ HDFC Ltd A1+ ICICI Bank Ltd A1+ Punjab and Sind Bank A1+ Andhra Bank 8.87 PR1+ IndusInd Bank Ltd P1+ State Bank of Patiala 4.8 P1+ IndusInd Bank Ltd PR1+ Punjab National Bank 3.74 PR1+ IDBI Bank Ltd A1+ AAA -1.9% Cash & Current Rating Profile Rating Canara Bank 3.71 P1+ State Bank of Hyderabad 1.86 A1+ Bank of India 1.83 P1+ Central Bank of India.75 PR1+ Kotak Mahindra Bank Ltd..73 P1+ Corporation Bank.38 P1+ Cash & Current -1.9 Total Net % Benchmark : CRISIL Short-Term Bond Fund Index Average AUM : ` 1, Crores Load Structure (Incl. for SIP) Exit Load** : For redemption/switch-out of units within 15 days from the date of :.25% of applicable NAV. **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity :.16 Years Yield to Maturity : 6.85% Mark to Market : - Standard Deviation :.25% CRISIL~CPR 2^^ Ultra Short Term Fund - Retail Plan Ultra Short Term Debt Schemes (4 Schemes), 1yr ended 3-Sep-1 CRISIL~CPR 2^^ Ultra Short Term Fund- Institutional Plan Ultra Short Term Debt Schemes-Inst (27 Schemes), 1yr ended 3-Sep-1 Value Research Rating Ultra Short Term Fund- Institutional Plan Ultra Short Term Debt Schemes-Inst (114 Schemes), 18 months & 3 years ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 8 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer.

6 Savings Dynamic Bond Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An Open-ended income scheme with the objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments. Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 1 years Date of inception : September 27, 24 Nature of the scheme : An Open-ended Income Scheme Default option : Quarterly Dividend Reinvestment Retail Monthly Dividend Sweep Option Fresh Purchase : ` 5 lacs Additional Purchase : ` 1/- For Other Option Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Retail Growth : Retail Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Retail Monthly Dividend : (Payout, Reinvestment & Sweep Option) Retail Monthly Dividend sweep option also available (w.e.f Jan 12, 29) Benchmark : CRISIL Composite Bond Fund Index Average AUM : ` 6, Crores Load Structure (Incl. for SIP) Exit Load** : For redemption/switch-out of units within 18 days from the date of :.5% of applicable NAV. For redemption/switch-out of units after 18 days but before 27 days from the date of :.2% of applicable NAV. For redemption/switch-out of units after 27 days from the date of : Nil **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 3.13 Years Modified Duration : 3.7 Years Yield to Maturity : 8.% Mark to Market : 95% Standard Deviation :.97% DBF - Retail - Growth Crisil Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Corporate Debt 29.4 LIC Housing Finance Ltd. ** 6.11 AAA Reliance Ports & Terminals Ltd. ** 4.96 AAA Tata Capital Ltd. ** 2.44 AA+ Tata Sons Ltd. ** 2.23 AAA Sundaram Finance Ltd. ** 1.98 AA+ Aditya Birla Nuvo Ltd. ** 1.94 LAA+ GE Capital Services India. ** 1.55 AAA RHC Holding Private Ltd. ** 1.47 Unrated Kotak Mahindra Prime Ltd. ** 1.28 AA Tata Capital Ltd. ** 1.18 LAA+ Reliance Industries Ltd. ** 1.17 AAA Mundra Port & Special Economic Zone Ltd. **.85 AA(SO) Sundaram Finance Ltd. **.81 LAA+ Bajaj Finance Ltd. **.44 LAA+ Kotak Mahindra Prime Ltd. **.42 LAA Mahindra & Mahindra Financial Services Ltd. **.5 AA IDFC Ltd. **.6 AA+ Government Bond % CGL Sovereign 7.99% CGL Sovereign 8.26% GOVT.STOCK Sovereign 8.8% GOI 2Aug Sovereign 7.47% OIL MKT CO GOI BOND Sovereign 8.13% CGL 21Sep22.16 Sovereign Floating Rate Instruments 15.7 Power Finance Corporation Ltd AAA Reliance Capital Ltd AAA AAA Sovereign AA Cash & Current Unrated Rating HDFC Ltd LAAA ICICI Bank Ltd..98 AAA Axis Bank Ltd..65 LAA+ Union Bank of India.8 AAA Money Market Instruments IDBI Bank Ltd P1+ Indian Bank 3.11 P1+ State Bank of Patiala 3.5 P1+ Corporation Bank 2.48 P1+ Sundaram BNP Paribas Home Finance Ltd.4 A1+ HDFC Ltd..33 A1+ Canara Bank.32 P1+ ICICI Bank Ltd..11 A1+ IDBI Bank Ltd..5 A1+ Securitised Debt 9.4 Tata Capital Ltd. ** 2.94% 1.47% Rating Profile 22.4% 27.42% 8.5 CARE AA+(SO) North Delhi Power Ltd. **.98 LAA (SO) PSU/PFI Bonds/Banks 1.86 National Housing Bank **.8 AAA IDBI Bank Ltd. **.8 AA+ Rural Electrification Corporation Ltd. **.24 AAA Power Finance Corporation Ltd. **.2 AAA Cash & Current 2.94 Total Net % ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 4.3 % Value Research Rating Dynamic Bond Fund Debt: Medium Term (52 Schemes), 18 months & 3 years ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. 9

7 Savings Medium Term Plan Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unitholders & secondary objective is growth of capital. Low Fund Manager : Mr. Maneesh Dangi & Mr. Kaustubh Gupta Managing Fund Since : June 25, 29 Total Experience : 1 years & 5 years Date of inception : March 25, 29 Nature of the scheme : An Open-ended Income Scheme Default option : Default Plan : Retail Default Option : Growth Default Facility : Fortnightly Dividend Reinvestment Retail Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- For Institutional Plan Fresh Purchase : ` 1 Crore Additional Purchase : ` 1,/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Plans / Options & NAV (As on October 29, 21) Retail Plan Weekly Dividend : (Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Growth : Institutional Plan Weekly Dividend : (Reinvestment) Fortnightly Dividend : (Payout & Reinvestment) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Growth : Year Since Inception Other 1.15% Medium Term Plan - Retail - Growth Crisil Short Term Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments Canara Bank P1+ Kotak Mahindra Bank Ltd P1+ NABARD 1.39 P1+ South Indian Bank 8. PR1+ Vijaya Bank 7.1 PR1+ Tata Teleservices Ltd PR1+ HDFC Ltd A1+ Reliance Capital Ltd A1+ Dhanalakshmi Bank 2.3 PR1+ Oriental Bank of Commerce 2.26 P1+ Yes Bank Ltd P1+ Kotak Mahindra Prime Ltd P1+ Corporation Bank 1.65 P1+ JM Finanical Products Pvt. Ltd P1+ IDBI Bank Ltd P1+ Union Bank of India 1.1 P1+ Central Bank of India.69 PR1+ Bank of Baroda.68 A Rating Profile Rating Indian Bank.45 P1+ Corporate Debt HDFC Ltd. ** 6.35 AAA CitiFinancial Consumer Finance India Ltd ** 3.18 AA Kotak Mahindra Prime Ltd. ** 2.7 LAA Kotak Mahindra Investments Ltd. ** 1.16 A1+ Kotak Mahindra Prime Ltd. ** 1.15 P1+ Tata Capital Ltd. **.55 AA+ Bajaj Finance Ltd. **.23 AA+ LIC Housing Finance Ltd. **.14 AAA Bills Discounted 1.15 HDFC Bank Ltd Cash & Current 4.15 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is % AAA AA Cash & Current 6.2% 4.15% 88.68% Benchmark : CRISIL Short Term Bond Fund Index Average AUM : ` 1, Crores Load Structure (Incl. for SIP) Exit Load** :.25% if redeemed / switched out within 9 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity :.35 Years Modified Duration :.33 Years Yield to Maturity : 7.44% Mark to Market : 9% Standard Deviation Institutional Plan :.6% Value Research Rating Medium Term - Retail Plan Debt: Medium Term (52 Schemes), 18 months & 3 years ended 31-Oct-1 CRISIL~CPR 2^^ Medium Term - Retail Plan Debt: Medium Term (31 Schemes), 18 months & 3 years ended 3-Sep-1 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 1

8 Savings Income Plus Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An open-ended income scheme with the objective to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. Rating Profile Low Fund Manager : Mr. Prasad Dhonde Managing Fund Since : Jan 11, 21 Total Experience : 11 years Date of inception : October 21, 1995 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Growth : Dividend : (Payout & Reinvestment) Benchmark : CRISIL Composite Bond Fund Index Average AUM : ` Crores Load Structure (Incl. for SIP) Exit Load** :.25% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment Income Plus Growth CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. Rating Government Bond % CGL 21Sep Sovereign 8.8% GOI 2Aug Sovereign 7.99% CGL Sovereign 7.8% CGL Sovereign 8.2% CGL Sovereign 8.24% CGL Sovereign Corporate Debt 6.26 Reliance Ports & Terminals Ltd. ** 3.9 AAA Reliance Gas Transpotation Infrastructure Ltd ** 2.17 AAA Sovereign Cash & Current AA.81% Rating Infrastructure Leasing & Financial Services Ltd.**.19 LAAA PSU/PFI Bonds/Banks 2.39 Hindustan Petroleum Corporation Ltd. **.95 AAA IDBI Bank Ltd. **.81 AA+ ICICI Bank Ltd. **.62 AAA Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 8.65%. AAA 7.84% 13.54% 77.81% Average Maturity : 9.43 Years Modified Duration : 9.41 Years Yield to Maturity : 7.85% Mark to Market : 86% Standard Deviation : 2.19% CRISIL~CPR 1^^ Income Plus Consistent CPR Performer-Debt (14 Schemes), 5 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer 11

9 Savings Income Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An open-ended income scheme with the objective to generate income and capital appreciation by investing 1% of the corpus in a diversified portfolio of debt and money market securities. Rating Profile Low Fund Manager : Mr. Shaktie Prakash Managing Fund Since : Jan 11, 21 Total Experience : 6 years Date of inception : March 3, 1997 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Growth : Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Half Yearly Dividend : (Payout, Reinvestment & Sweep Option) 54 EA Growth : EA Dividend : EB Growth : EB Dividend : Benchmark : CRISIL Composite Bond Fund Index Average AUM : ` Crores Load Structure (Incl. for SIP) Exit Load** :.5% if redeemed / switched out within18 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment Income Fund Growth CRISIL Composite Bond Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. Rating Government Bond % CGL Sovereign 8.8% GOI 2Aug Sovereign 7.99% CGL Sovereign 7.35% CGL Sovereign 6.5% CGL 219 FEB.7 Sovereign Corporate Debt Small Industries Development Bank of India. ** 8.86 CARE AAA Godrej Consumer Products Ltd. ** 4.52 A1+ Kotak Mahindra Prime Ltd. ** 4.44 P1+ National Housing Bank ** 4.38 AAA Reliance Industries Ltd. ** 1.78 AAA Reliance Gas Transpotation Infrastructure Ltd ** 1.1 AAA Cash & Current 15.31% Rating Floating Rate Instruments 1.7 Reliance Capital Ltd. 1.7 AAA PSU/PFI Bonds/Banks 9.72 Hindustan Petroleum Corporation Ltd. ** 5.28 AAA Rural Electrification Corporation Ltd. ** 4.43 AAA Money Market Instruments 2.3 Bank of Baroda 1.42 A1+ State Bank of Hyderabad.88 A1+ Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 34.69%. AAA Sovereign 36.99% 47.69% Average Maturity : 4.55 Years Modified Duration : 4.54 Years Yield to Maturity : 7.8% Mark to Market : 85% Standard Deviation Retail Plan : 1.85% 54 EA Growth : 1.85% 54 EB Growth : 1.85% 12 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer

10 Savings Floating Rate Fund Short Term Plan As on October 31, 21 Credit Quality High Med Low Interest Rate Sensitivity High The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. Low Fund Manager : Mr. Prasad Dhonde & Ms. Sunaina Da Cunha Managing Fund Since : June 18, 29 Total Experience : 11 years & 6 years Date of inception : June 5, 23 Nature of the scheme : An Open-ended Income Scheme Default option : Appln of less than ` 5 cr - Daily Dividend Reinvestment Appln of equal to or greater than ` 5 cr - Institutional Plan - Daily Dividend Reinvestment Retail Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Institutional Plan Fresh Purchase : ` 5 Crore Additional Purchase : ` 1 Lac Redemption Cheques Systematic Investment Systematic Withdrawal Systematic Transfer : Within 1 working days : NA : Available : Available days 1 Month 3 Months Since Inception Floating Rate Fund - STP - Growth CRISIL Liquid Fund Index Past performance may or may not be sustained in future. Returns are in % and simple annualized for period less than 1 year & CAGR for period 1 year or more. Rating Money Market Instruments IndusInd Bank Ltd PR1+ ING Vysya Bank Ltd P1+ Canara Bank P1+ Central Bank of India 11.5 PR1+ IDBI Home Finance Ltd A1+ Indian Oil Corporation Ltd P1+ AAA Cash & Current Rating Profile 25.35% 74.65% Rating Union Bank of India 4.29 P1+ Allahabad Bank 1.44 A1+ Cash & Current Total Net 1. Plans / Options & NAV (As on October 29, 21) Retail Plan Growth : Daily Dividend (Reinvestment) : 1.15 Dividend (Reinvestment) : Institutional Plan Growth : Daily Dividend (Reinvestment) : 1. Weekly Dividend (Reinvestment) : 1.21 Fortnightly Dividend : 1. (Reinvestment) Benchmark : CRISIL Liquid Fund Index Average AUM : ` 7.97 Crores Load Structure Entry Load Exit Load : Nil : Nil Average Maturity :.6 Years Yield to Maturity : 7.% Standard Deviation Retail Plan :.29% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. Value Research Rating Floating Rate Fund- Short Term - Retail Debt: Floating Rate Short Term (96 Schemes), 18 months & 3 years ended 31-Oct-1 Value Research Rating Floating Rate Fund- Short Term - Inst Debt: Floating Rate Short Term (96 Schemes), 18 months & 3 years ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 13

11 Savings Gilt Plus Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An open - ended government securities scheme with the objective to generate income and capital appreciation through investments exclusively in Government Securities. - Liquid Plan Rating Profile - Liquid Plan Low Fund Manager : Mr. Shaktie Prakash Managing Fund Since : June 18, 29 Total Experience : 6 years Date of inception : October 12, 1999 Nature of the scheme : An Open-ended Government Securities Scheme Default option : Growth Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Liquid Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) PF Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) Regular Plan Growth : (Quarterly Gain & Annual Gain) Dividend : (Payout, Reinvestment & Sweep Option) Annual Dividend Option : (Payout, Reinvestment & Sweep Option) Benchmark : Liquid Plan : I-Sec SI-BEX PF Plan : I-Sec LI-BEX Regular Plan : I-Sec LI-BEX Average AUM Liquid Plan : ` 5.74 Crores PF Plan : ` Crores Regular Plan : ` Crores Load Structure (Incl. for SIP) Liquid Plan, Regular Plan & PF Plan - Quarterly / Annual Dividend Exit Load : Nil PF Plan - Growth Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity Liquid Plan : - PF Plan : 9.95 Years Regular Plan : 4.94 Years Modified Duration Liquid Plan : Years 4.93 Years PF Plan : Regular Plan : Yield to Maturity Liquid Plan : 6. % PF Plan : 8. % Regular Plan : 7.85 % Mark to Market Liquid Plan : - PF Plan : 9% Regular Plan : 47% Standard Deviation Liquid Plan : 1.72 % PF Plan : 2.27 % Regular Plan : 2.3 % Gilt Plus - LP Growth I-Sec SI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - PF Plan Gilt Plus - PF Growth I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown Regular plan Gilt Plus - RP Growth I-Sec LI-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown. - Liquid Plan Rating Cash & Current 1. Total Net 1. - Regular Plan Rating Government Bond % GOI 2Aug Sovereign 7.99% CGL Sovereign Cash & Current 53.4 Total Net 1. Cash & Current Sovereign Cash & Current Cash & Current Sovereign Rating Profile - PF Plan 9.58% Rating Profile - Regular Plan 46.6% - PF Plan Rating Government Bond % CGL 21Sep Sovereign 7.8% CGL Sovereign 8.8% GOI 2Aug Sovereign Cash & Current 9.58 Total Net 1. 1.% 9.42% 53.4% Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. 14

12 Savings Government Securities Fund Credit Quality High Med Low Interest Rate Sensitivity High As on October 31, 21 An open-ended Gilt scheme with the objective to provide investors current income consistent with a portfolio invested 1% in securities by the Government of India or the State Governments, and the secondary objective is capital appreciation. Low Fund Manager : Mr. Maneesh Dangi Managing Fund Since : June 18, 29 Total Experience : 1 years Date of inception : October 28, 1999 Nature of the scheme : An Open-ended Gilt Scheme Default option : Growth For Short Term Retail Plan & Long Term Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- For Short Term Institutional Plan Fresh Purchase : ` 5 crores Additional Purchase : ` 1 lacs Redemption Cheques : Within 1 working days Maximum Subscription amount (incl. switch in) Long Term Plan : ` 5 lacs Plans / Options & NAV (As on October 29, 21) Long Term Plan Growth : Dividend : (Payout & Reinvestment) - Long Term Plan G-Sec Fund - LTP - Growth I-Sec Li-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown Short Term Plan G-Sec Fund - STP - Growth I-Sec Si-BEX Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more.when benchmark returns are not available, they have not been shown Rating Profile - Long Term Plan Sovereign Cash & Current 6.88% Rating Profile - Short Term Plan Cash & Current 93.12% 1.% Short Term Plan - Retail Growth : Dividend : (Payout & Reinvestment) Daily Dividend : 1.31 (Reinvestment) Weekly Dividend : 1.13 (Reinvestment) Institutional Plan Daily Dividend : 1. Benchmark Short Term Plan : I-Sec SI-BEX Long Term Plan : I-Sec LI-BEX Average AUM Long Term Plan : ` Crores Short Term Plan : ` 3.22 Crores Load Structure (Incl. for SIP) Exit Load Long Term Plan : 1.% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Short Term Plan : Nil - Long Term Plan Rating Government Bond % CGL Sovereign 7.99% CGL Sovereign 8.8% GOI 2Aug Sovereign Cash & Current 6.88 Total Net 1. - Short Term Plan Rating Cash & Current 1. Total Net 1. Average Maturity Long Term Plan : Short Term Plan : Modified Duration Long Term Plan : 8.39 Years Years Short Term Plan : - Yield to Maturity Long Term Plan : 7.6 % Short Term Plan : 6. % Mark to Market Long Term Plan : 93% Short Term Plan : - Standard Deviation Long Term Plan : 3.43% Short Term Plan :.87% Value Research Rating Government Securities Fund - Long Term Plan Gilt: Medium & Long Term (33 Schemes), 18 months & 3 years ended 31-Oct-1 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer. (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 15

13 Savings Enhanced Arbitrage Fund As on October 31, 21 Fund Manager : Mr. Hemang Dagli Managing Fund Since : Since Inception Total Experience : 12 years Date of inception : July 24, 29 Nature of the scheme : A open-ended Equity Scheme An Open ended Equity Scheme with an investment objective to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Futures). Default option : Default Plan: Retail Plan Default Facility: Dividend Reinvestment Retail Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Institutional Plan Fresh Purchase : ` 5,,,/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Enhanced Arbitrage Fund Retail - Growth 4.33 Crisil Liquid Fund Index Year Since Inception Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Plans / Options & NAV (As on October 29, 21) Retail Plan Dividend : (Payout & Reinvestment & Sweep) Growth : Institutional Plan Dividend : - (Payout & Reinvestment & Sweep) Growth : - Benchmark : Crisil Liquid Fund Index Average AUM : ` 4.31 Crores Load Structure (Incl for SIP) l Exit Load** : For Redemption / Switch-out of units before 9 days from the date of :.75%. For Redemption/Switch-out of units on or after 9 days but before 18 days from the date of :.5%. For Redemption/Switch-out of units on or after 18 days from the date of : Nil **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Banks ICICI Bank Ltd Dena Bank 8.91 Consumer Non Durables United Spirits Ltd Asian Paints Ltd Construction Project Lanco Infratech Ltd. 9.1 GMR Infrastructure Ltd Telecom - Equipment & Accessories 8.49 GTL Ltd Transportation 8.41 Mercator Lines Ltd Telecom-Services 4.42 Bharti Airtel Ltd Future and Options Bharti Airtel Ltd Futures Nov GMR Infrastructure Ltd Futures Nov Mercator Lines Ltd. Futures Nov GTL Ltd. Futures Nov Dena Bank Futures Nov Lanco Infratech Ltd. Futures Nov Asian Paints Ltd Futures Nov United Spirits Ltd Futures Nov ICICI Bank Ltd. Futures Nov Cash & Cash Equivalents Net receivables / payables Total Net 1. 16

14 Regular Income Monthly Income An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 21 An open-ended income scheme with the primary investment objective to generate regular income so as to make monthly and quarterly distributions to Unit holders and the secondary objective as growth of capital. Monthly income is not assured and is subject to availability of distributable surplus Rating Profile Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 1 years Date of inception : July 14, 1999 Nature of the scheme : An Open-ended Income Scheme Default Plan / Option : Growth / Dividend Reinvestment For Monthly & Quarterly Dividend Fresh Purchase : ` 25/- Additional Purchase : ` 5/- For Growth Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Quarterly Dividend : (Payout, Reinvestment & Sweep Option) Growth : Benchmark : CRISIL MIP Blended Index Average AUM : ` Crores Load Structure Exit Load** : 1.% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 1.8 Years Modified Duration : 1.6 Years Yield to Maturity : 7.5% (for Debt Component) Mark to Market : 86% Standard Deviation : 7.86% Sharpe Ratio : Monthly Income - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Debt Allocation Money Market Instruments Punjab National Bank PR1+ Bank of Baroda 9.78 A1+ Central Bank of India 7.11 PR1+ HDFC Bank Ltd A1+ L&T Finance Ltd PR1+ Corporation Bank 3.5 P1+ Canara Bank 2.12 P1+ Oriental Bank of Commerce 1.27 P1+ Corporate Debt Sundaram Finance Ltd.** 7.4 LAA+ Reliance Ports & Terminals Ltd.** 4.33 AAA ICICI Home Finance Company Ltd.** 4.3 LAAA Reliance Utilities & Power Pvt. Ltd.** 3.56 AAA(SO) Aditya Birla Nuvo Ltd.** 3.54 LAA+ LIC Housing Finance Ltd.**.77 AAA IDFC Ltd.**.29 AA+ HDFC Ltd.**.12 AAA Government Bond % CGL Sovereign PSU/PFI Bonds/Banks.4 IDBI Bank Ltd.**.38 AA+ Power Finance Corporation Ltd.**.1 AAA Equity Allocation Banks 2.24 Allahabad Bank.6 IndusInd Bank Ltd..57 ICICI Bank Ltd..42 Oriental Bank of Commerce.36 The South Indian Bank Ltd..3 AAA Other Cash & Current AA Sovereign 3.5% 13.39% 12.49% 11.25% Rating Auto.6 Mahindra & Mahindra Ltd..3 Ashok Leyland Ltd..3 Consumer Durables.54 Blue Star Ltd..29 Bajaj Electricals Ltd..25 Auto Ancillaries.53 Phillips Carbon Black Ltd..26 Motherson Sumi Systems Ltd..26 Fertilisers.51 Coromandel International Ltd..51 Oil.47 Oil & Natural Gas Corporation Ltd..47 Paper.38 Ballarpur Industries Ltd..38 Media & Entertainment.33 Jagran Prakashan Ltd..23 Hindustan Media Ventures Ltd..11 Magnasound India Ltd. ** Industrial Capital Goods.31 Thermax Ltd..31 Gas.31 Indraprastha Gas Ltd..31 Transportation.3 The Great Eastern Shipping Company Ltd..3 Pharmaceuticals.29 Wyeth Ltd % Consumer Non Durables 1.69 Bajaj Corp Ltd..59 Asian Paints Ltd..38 Akzo Nobel India Ltd..37 Glaxosmithkline Consumer Healthcare Ltd..35 Finance 1.26 Shriram Transport Finance Company Ltd..33 Mahindra & Mahindra Financial Services Ltd..32 Power Finance Corporation Ltd..31 LIC Housing Finance Ltd..31 Minerals/Mining.27 Nava Bharat Ventures Ltd..27 Engineering Services.21 VA Tech Wabag Ltd..21 Hotels.16 Taj GVK Hotels & Resorts Ltd..16 Power.16 Gujarat Industries Power Company Ltd..16 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Industrial Products 1.7 Cummins (India) Ltd..61 Greaves Cotton Ltd..46 Software.88 Tata Consultancy Services Ltd..44 Infosys Technologies Ltd..3 HCL Technologies Ltd..14 Pesticides.6 Rallis India Ltd..6 Construction Project.15 Voltas Ltd..15 Petroleum Products.12 Castrol India Ltd..12 Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 24.34% Indicates less than.1 CRISIL~CPR 1^^ Monthly Income MIP Conservative Scheme (12 Schemes), 2 years ended 3-Sep-1 Value Research Rating Monthly Income Hybrid: Monthly Income (45 Schemes),for 3 & 5 years periods ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 17

15 Regular Income MIP An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus Credit Quality High Low Interest rate sensitivity High As on October 31, 21 The primary objective of the scheme is to generate regular income so as to make monthly distributions to unitholders with the secondary objective being growth of capital. Income may be generated through the receipt of coupon payments, the amortization of the discount on debt instruments, receipt of dividends or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents while at the same time maintaining a small exposure to equity markets. (Monthly income is not assured and is subject to availability of distributable surplus.) Low Rating Profile Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 1 years Date of inception : November 2, 2 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment / Instant Payment For Monthly Dividend / Payment Fresh Purchase : ` 25/- Additional Purchase : ` 1/- For Growth Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep Option) Monthly Payment / Growth : (Instant / Deferred) Benchmark : CRISIL MIP Blended Index Average AUM : ` Crores Load Structure Exit Load** :.25% if redeemed/switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 1.2 Years Modified Duration : 1.19 Years Yield to Maturity : 7.7% (for Debt Component) Mark to Market : 88% Standard Deviation : 7.48% Sharpe Ratio : MIP - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Rating Debt Allocation Money Market Instruments 42.6 Union Bank of India 12.4 P1+ Punjab National Bank 1.82 PR1+ Central Bank of India 1.5 PR1+ HDFC Bank Ltd. 7.8 A1+ Punjab and Sind Bank 1.8 PR1+ Corporate Debt Reliance Ports & Terminals Ltd.** 7.35 AAA Sundaram Finance Ltd.** 7.17 LAA+ LIC Housing Finance Ltd.** 2.14 AAA HDFC Ltd** 1.86 AAA IDFC Ltd.** 1.86 AA+ HDFC Ltd**.75 AAA PSU/PFI Bonds/Banks 8.19 IDBI Bank Ltd.** 4.7 AA+ National Housing Bank** 1.81 AAA Power Grid Corporation of India Ltd.** 1.45 AAA Power Finance Corporation Ltd.**.15 AAA State Bank of India**.8 AAA Government Bond % CGL 21Sep Sovereign 6.9% CGL Sovereign Equity Allocation Banks 2.55 IndusInd Bank Ltd..72 ICICI Bank Ltd..49 HDFC Bank Ltd..46 Yes Bank Ltd..45 ING Vysya Bank Ltd..44 AAA AA Other Cash & Current Sovereign 2.85% 13.73% 13.11% 12.12% Rating Software.89 Tata Consultancy Services Ltd..46 Infosys Technologies Ltd..43 Pharmaceuticals.82 Aurobindo Pharma Ltd.52 Divis Laboratories Ltd..3 Consumer Non Durables.79 ITC Ltd..44 Bata India Ltd..36 Auto.64 Mahindra & Mahindra Ltd..32 Ashok Leyland Ltd..32 Fertilisers.47 Coromandel International Ltd..47 Non - Ferrous Metals.45 Hindustan Zinc Ltd..45 Consumer Durables.43 Whirlpool of India Ltd..43 Retailing.41 Trent Ltd..41 Textile Products.4 S. Kumars Nationwide Ltd..4 Transportation.33 Cox & Kings Ltd..33 Industrial Products.32 Jain Irrigation Systems Ltd % Construction 1.53 Prestige Estates Projects Ltd..46 Sobha Developers Ltd..39 Sadbhav Engineering Ltd..39 Ramky Infrastructure Ltd.**.25 Sadbhav Engineering Ltd. - Warrant**.4 Industrial Capital Goods 1.38 Thermax Ltd..5 Crompton Greaves Ltd..46 Alstom Projects India Ltd..41 Finance 1.3 Shriram Transport Finance Company Ltd..51 Mahindra & Mahindra Financial Services Ltd..51 Construction Project.3 Voltas Ltd..3 Power.27 Torrent Power Ltd..27 Media & Entertainment.11 HT Media Ltd..11 Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 29.61% Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). CRISIL~CPR 1^^ MIP MIP Conservative Scheme (12 Schemes), 2 years ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 18

16 Regular Income MIP II - Wealth 25 Plan An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus As on October 31, 21 Credit Quality High Low Interest rate sensitivity High Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 1 years Date of inception : May 22, 24 Nature of the scheme : An Open-ended Income Scheme Default option : Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : ` 25/- Additional Purchase : ` 1/- For Growth Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep Option) Growth / Payment : Benchmark : CRISIL MIP Blended Index Average AUM : ` Crores Load Structure Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 2.87 Years Modified Duration : 2.85 Years Yield to Maturity : 7.35% (for Debt Component) Mark to Market : 85% Standard Deviation : 11.79% Sharpe Ratio : -.6 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). An open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus MIP II - Wealth 25 - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Debt Allocation Money Market Instruments Central Bank of India 14.8 PR1+ HDFC Bank Ltd. 8.4 A1+ Punjab National Bank 5.36 PR1+ Corporation Bank 5.27 P1+ Government Bond % CGL 21Sep Sovereign 7.8% CGL Sovereign 7.61% OIL COMP GOI BONDS Sovereign PSU/PFI Bonds/Banks 1.36 IDBI Bank Ltd.** 1.36 AA+ Corporate Debt 9.68 Reliance Utilities & Power Pvt. Ltd.** 4.3 AAA(SO) Aditya Birla Nuvo Ltd.** 3.2 LAA+ Reliance Ports & Terminals Ltd.** 2.18 AAA Equity Allocation Banks 3.69 ICICI Bank Ltd..75 Punjab National Bank.64 Allahabad Bank.55 Federal Bank Ltd..5 IndusInd Bank Ltd..5 Indian Overseas Bank.44 United Bank Of India.31 Consumer Non Durables 3.44 United Breweries Ltd..7 United Spirits Ltd..49 Asian Paints Ltd..39 Bajaj Corp Ltd..38 Bata India Ltd..38 Radico Khaitan Ltd..36 Glaxosmithkline Consumer Healthcare Ltd..31 Jubilant Foodworks Ltd..23 Zydus Wellness Ltd..2 Finance 1.99 HDFC Ltd..6 ICRA Ltd..5 Shriram Transport Finance Company Ltd..48 IDFC Ltd..42 Pharmaceuticals 1.5 Torrent Pharmaceuticals Ltd..62 Aurobindo Pharma Ltd.51 Pfizer Ltd..37 Industrial Capital Goods 1.39 Crompton Greaves Ltd..51 Thermax Ltd..47 Bharat Heavy Electricals Ltd..41 Auto 1.38 Tata Motors Ltd..5 Maruti Suzuki India Ltd..44 Bajaj Auto Ltd..44 Rating Profile Rating Cement 1.4 Century Textiles and Industries Ltd..43 Grasim Industries Ltd..32 Shree Cements Ltd..29 Software 1.1 HCL Technologies Ltd..57 Oracle Financial Services Software Ltd..29 Core Projects & Technologies Ltd..15 Engineering Services.95 VA Tech Wabag Ltd..95 Media & Entertainment.84 Dish TV India Ltd..39 HT Media Ltd..26 DQ Entertainment International Ltd..19 Telecom-Services.65 Bharti Airtel Ltd..65 Industrial Products.65 Bharat Forge Ltd..65 Transportation.64 Cox & Kings Ltd..34 Arshiya International Ltd..3 Auto Ancillaries.61 Motherson Sumi Systems Ltd..4 Phillips Carbon Black Ltd..22 Retailing.6 Pantaloon Retail (India) Ltd..6 Future Mall Management Ltd.** Fertilisers.56 Chambal Fertilisers and Chemicals Ltd..56 Pesticides.52 Rallis India Ltd..52 Non - Ferrous Metals.48 Hindalco Industries Ltd..48 Consumer Durables.44 Whirlpool of India Ltd..44 Construction.4 Ramky Infrastructure Ltd..22 JMC Projects (India) Ltd..18 Textile Products.38 S. Kumars Nationwide Ltd..38 Construction Project.34 Lanco Infratech Ltd..34 Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 11.4% Indicates less than.1 AAA Other Sovereign Cash & Current AA 4.56% 16.45% 15.15% 23.52% 4.31% CRISIL~CPR 2^^ MIP II - Wealth 25 Plan MIP Aggressive Scheme (21 Schemes), 2 years ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 19

17 Regular Income MIP II - Savings 5 Plan An open-ended scheme. Monthly income is not assured and is subject to availability of distributable surplus As on October 31, 21 Credit Quality High Low Interest rate sensitivity High Low Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 1 years Date of inception : May 22, 24 Nature of the scheme : An Open-ended Income Scheme Default option : Growth / Dividend Reinvestment For Monthly Dividend / Payment Fresh Purchase : ` 25/- Additional Purchase : ` 1/- For Growth Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Monthly Dividend : (Payout, Reinvestment & Sweep Option) Monthly Payment / Growth : Benchmark : CRISIL MIP Blended Index Average AUM : ` 1, Crores Load Structure (Incl. for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : 1.55 Years Modified Duration : 1.53 Years Yield to Maturity : 7.75% (for Debt Component) Mark to Market : 87% Standard Deviation : 8.83% Sharpe Ratio :.55 An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus MIP II - Savings 5 - Growth Crisil MIP Bended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Rating Debt Allocation 8.6 Money Market Instruments Bank of Baroda A1+ HDFC Bank Ltd. 9.4 A1+ NABARD 7.56 P1+ Indian Bank 7.55 P1+ Federal Bank Ltd P1+ IDBI Bank Ltd A1+ Corporation Bank 1.51 P1+ Corporate Debt LIC Housing Finance Ltd.** 7.8 AAA Reliance Utilities & Power Pvt. Ltd.** 3.9 AAA(SO) Small Industries Development Bank of India** 1.9 AAA Tata Sons Ltd.** 1.9 AAA ICICI Home Finance Company Ltd.**.39 LAAA Reliance Industries Ltd.**.31 AAA HDFC Ltd.**.23 AAA PSU/PFI Bonds/Banks 8.15 National Housing Bank** 7.33 AAA Power Finance Corporation Ltd.**.5 AAA IDBI Bank Ltd.**.33 AA+ Government Bond % CGL 21Sep Sovereign 7.8% CGL Sovereign Floating Rate Instruments 5.91 Power Finance Corporation Ltd AAA Reliance Capital Ltd AAA Equity Allocation 7.18 Consumer Non Durables 1.3 Glaxosmithkline Consumer Healthcare Ltd..25 Asian Paints Ltd..21 Akzo Nobel India Ltd..16 Dabur India Ltd..15 Godrej Consumer Products Ltd..14 Bajaj Corp Ltd..11 AAA Cash & Current Sovereign Other AA.33% 7.72% 7.18% Rating Profile 12.76% Rating CRISIL Ltd..22 Auto.42 Bajaj Auto Ltd..19 Maruti Suzuki India Ltd..12 Tata Motors Ltd..1 Software.41 Infosys Technologies Ltd..15 HCL Technologies Ltd..11 Tata Consultancy Services Ltd..8 Wipro Ltd..7 Auto Ancillaries.36 Motherson Sumi Systems Ltd..23 Bosch Ltd..14 Industrial Capital Goods.33 Thermax Ltd..18 Bharat Heavy Electricals Ltd..1 Bharat Bijlee Ltd..5 Engineering Services.3 VA Tech Wabag Ltd..3 Cement.26 Century Textiles and Industries Ltd..16 Grasim Industries Ltd..11 Power.25 Gujarat Industries Power Company Ltd..13 Kalpataru Power Transmission Ltd..12 Media & Entertainment.24 D.B. Corp Ltd..14 Jagran Prakashan Ltd..1 Fertilisers.21 Coromandel International Ltd..21 Construction Project.15 Voltas Ltd % Banks.85 United Bank Of India.25 Allahabad Bank.17 Federal Bank Ltd..16 ICICI Bank Ltd..16 State Bank of India.1 Pharmaceuticals.72 Cadila Healthcare Ltd..23 Glaxosmithkline Pharmaceuticals Ltd..17 Torrent Pharmaceuticals Ltd..16 Wyeth Ltd..16 Consumer Durables.12 Blue Star Ltd..12 Engineering.12 Engineers India Ltd..12 Retailing.11 Pantaloon Retail (India) Ltd..11 Future Mall Management Ltd.** Non - Ferrous Metals.9 Hindalco Industries Ltd..9 Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Industrial Products.65 Cummins (India) Ltd..28 Bharat Forge Ltd..23 Greaves Cotton Ltd..14 Finance.48 ICRA Ltd..26 Oil.9 Oil & Natural Gas Corporation Ltd..9 Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 23.77% Value Research Rating MIP II Savings 5 Plan Hybrid: Monthly Income (45 Schemes),for 3 & 5 years periods ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 2

18 Tax Saving Tax Relief 96 An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on October 31, 21 Investment Style Value Blend Growth Size Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1,26 Total Experience : 15 years Date of inception : March 29, 1996 Nature of the scheme : An Open-ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : ` 5/- Additional Purchase : ` 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth (w.e.f. 6/3/8) : Benchmark : BSE 2 Average AUM : ` 1,665.1 Crores Load Structure (Incl for SIP) Exit Load : Nil Standard Deviation : 39.62% Sharpe Ratio : -.2 Beta : 1.3 Large Small Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). An open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 8% equity, 2% debt and money market securities SIP is a powerful tool that can help you create wealth over time. If you had invested in Tax Relief Investment Period Year 29.5 Total Investment Value of SIP in Returns (%)* BSE 2 BSE 2 Tax Relief 96 Tax Relief 96 Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : April 1, 1996 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks 18.5 State Bank of India 4.79 Axis Bank Ltd ING Vysya Bank Ltd ICICI Bank Ltd HDFC Bank Ltd Kotak Mahindra Bank Ltd IndusInd Bank Ltd. 1.4 Industrial Capital Goods 7.7 Honeywell Automation India Ltd Bharat Heavy Electricals Ltd Crompton Greaves Ltd Bharat Bijlee Ltd..5 Siemens Ltd..35 Finance 7.54 HDFC Ltd ICRA Ltd India Infoline Ltd. 1.2 Auto Ancillaries 6.25 MRF Ltd. 2.6 Bosch Ltd Sundaram-Clayton Ltd Petroleum Products 6.25 Reliance Industries Ltd Power 6.14 Reliance Infrastructure Ltd Torrent Power Ltd. 2.7 GVK Power & Infrastructure Ltd..69 ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Tax Relief 96 - Dividend BSE Years 21.3 Systematic Investment Software 5.68 Infosys Technologies Ltd Tata Consultancy Services Ltd Core Projects & Technologies Ltd..17 Ferrous Metals 5.4 Jindal Steel & Power Ltd Tata Steel Ltd Construction Project 4.4 Larsen & Toubro Ltd. 4.4 Auto 3.86 Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Pharmaceuticals 3.81 Glaxosmithkline Pharmaceuticals Ltd Torrent Pharmaceuticals Ltd Consumer Non Durables 3.77 United Breweries Holdings Ltd United Spirits Ltd. 1.5 Radico Khaitan Ltd..97 Non - Ferrous Metals 3.47 Hindalco Industries Ltd Sterlite Industries (India) Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. Asian Hotels West Ltd..18 Pesticides 3.32 United Phosphorus Ltd Rallis India Ltd Industrial Products 3.2 Cummins (India) Ltd. 3.2 Transportation 2.5 Jet Airways India Ltd. 1.5 Spicejet Ltd..99 Retailing 1.82 Shoppers Stop Ltd..77 Trent Ltd. CCPS Series A.62 Trent Ltd..43 Media & Entertainment 1.13 Television Eighteen India Ltd Magnasound India Ltd. ** Construction.8 Ackruti City Ltd..8 United States of America.56 Sterlite Industries (India) Ltd - ADS.56 Gas.4 GAIL India Ltd..21 Gujarat Gas Company Ltd..19 Cash & Cash Equivalents.71 Hotels 3.4 Indian Hotels Company Ltd Net receivables / payables -.42 Taj GVK Hotels & Resorts Ltd..8 Asian Hotels North Ltd..23 Total Net 1. Total Percentage of thinly/non traded securities is Nil Years Since Inception 21

19 Tax Saving Tax Plan An open - ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment. Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12, 27 Total Experience : 22 years Date of inception : February 16, 1999 Nature of the scheme : An Open-ended ELSS Scheme Default option : Dividend Payout Fresh Purchase : ` 5/- Additional Purchase : ` 5/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE SENSEX Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load : Nil Standard Deviation : 34.1% Sharpe Ratio : -.22 Beta :.95 Small SIP is a powerful tool that can help you create wealth over time. If you had invested in Tax Plan... Investment Period Total Investment BSE SENSEX Value of SIP in Returns (%)* Tax Plan BSE SENSEX Tax Plan Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 1999 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Tax Plan - Dividend Banks ICICI Bank Ltd HDFC Bank Ltd Federal Bank Ltd Oriental Bank of Commerce 1.88 Axis Bank Ltd Industrial Products 7.13 Cummins (India) Ltd Greaves Cotton Ltd Software 6.53 Infosys Technologies Ltd Wipro Ltd Oil 5.94 Oil India Ltd Oil & Natural Gas Corporation Ltd. 2.5 Great Offshore Ltd..71 Auto Ancillaries 5.36 Motherson Sumi Systems Ltd Bosch Ltd. 2.5 Amtek Auto Ltd. 1. Portfolio Portfolio & Asset & Asset Allocation Allocation.33 1 Year Years 5 Years Since Inception BSE Sensex Systematic Investment Industrial Capital Goods 5.11 BGR Energy Systems Ltd 2.85 Alstom Projects India Ltd Sterlite Technologies Ltd..83 Finance 4.72 Shriram Transport Finance Company Ltd Gas 4.57 Indraprastha Gas Ltd GAIL India Ltd Pharmaceuticals 4.42 Cipla Ltd Cadila Healthcare Ltd. 2.2 Petroleum Products 3.87 Reliance Industries Ltd Transportation 3.82 Jet Airways India Ltd. 2.4 Cox & Kings Ltd Media & Entertainment 3.28 Television Eighteen India Ltd Magnasound India Ltd. ** Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Returns assume reinvestment of the tax free dividend declared. Consumer Durables 2.59 Blue Star Ltd Retailing 2.37 Pantaloon Retail (India) Ltd Future Mall Management Ltd. **.1 Ferrous Metals 2.23 Tata Steel Ltd Fertilisers 1.81 Coromandel International Ltd Consumer Non Durables 1.76 Godrej Consumer Products Ltd Bajaj Corp Ltd..18 Hotels 1.2 Indian Hotels Company Ltd. 1.2 Telecom-Services.55 Idea Cellular Ltd..55 Telecom - Equipment & Accessories.53 OnMobile Global Ltd..53 Cash & Cash Equivalents 6.26 Auto 5.26 Mahindra & Mahindra Ltd Net receivables / payables.4 Tata Motors - DVR 1.9 Construction 3.4 Tata Motors Ltd..71 Simplex Infrastructures Ltd. 3.4 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.1%. Indicates less than Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 22

20 Wealth Creation Equity Fund As on October 31, 21 Investment Style Value Blend Growth Size Fund Manager : Mr. Mahesh Patil Managing Fund Since : November 17, 25 Total Experience : 2 years Date of inception : August 27, 1998 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : ( Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : ` 1,153.4 Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment Standard Deviation : 35.8% Sharpe Ratio : -.12 Beta :.93 Large Small An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 9% equity and 1% debt and money market securities Banks State Bank of India 3.57 ICICI Bank Ltd Bank of Baroda 2.71 Axis Bank Ltd HDFC Bank Ltd The South Indian Bank Ltd Union Bank of India 1.1 Yes Bank Ltd..2 Industrial Capital Goods 1.54 Thermax Ltd Crompton Greaves Ltd. 3.9 Bharat Heavy Electricals Ltd. 2.6 Siemens Ltd Bharat Bijlee Ltd..96 Software 8.47 Tata Consultancy Services Ltd Infosys Technologies Ltd Polaris Software Lab Ltd Core Projects & Technologies Ltd..54 Megasoft Ltd..51 Pharmaceuticals 7.1 Dr.Reddy's Laboratories Ltd Aurobindo Pharma Ltd 2.6 Torrent Pharmaceuticals Ltd Maestro Mediline Systems Ltd..3 Consumer Non Durables 6.95 ITC Ltd. 3.7 United Breweries Holdings Ltd Asian Paints Ltd..47 Power 6.1 GVK Power & Infrastructure Ltd CESC Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Indicates less than.1 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Equity Fund... Investment Period Total Investment 2.34 Equity Fund - Growth BSE Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : October 1, 1998 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Value of SIP in Returns (%)* BSE 2 BSE 2 Equity Fund KEC International Ltd PTC India Ltd Finance 5.23 Rural Electrification Corporation Ltd Bajaj Finance Ltd Shriram Transport Finance Company Ltd Mahindra & Mahindra Financial Services Ltd. 1.7 Auto 5.4 Tata Motors Ltd Bajaj Auto Ltd Media & Entertainment 4.2 Jagran Prakashan Ltd DQ Entertainment International Ltd Hathway Cable & Datacom Ltd Balaji Telefilms Ltd..17 Magnasound India Ltd. ** Construction Project 3.39 Lanco Infratech Ltd Gammon India Ltd. 1.8 Larsen & Toubro Ltd..75 Oil 3.29 Oil & Natural Gas Corporation Ltd Petroleum Products 3.24 Reliance Industries Ltd Telecom-Services 2.86 Bharti Airtel Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Equity Fund Grasim Industries Ltd..97 Transportation 2.46 Spicejet Ltd. 1.4 Cox & Kings Ltd. 1.6 Retailing 2.39 Pantaloon Retail (India) Ltd. 2.2 Pantaloon Retail (India) Ltd. -Class B.36 Future Mall Management Ltd. **.1 Construction 2.36 Ackruti City Ltd. 1.3 Ramky Infrastructure Ltd..94 Prestige Estates Projects Ltd.39 Hardware 1.83 Allied Digital Services Ltd United States of America 1.29 Sterlite Industries (India) Ltd - ADS 1.29 Ferrous Metals 1.28 Usha Martin Ltd..76 Tata Steel Ltd..52 Consumer Durables.85 Whirlpool of India Ltd..85 Non - Ferrous Metals.19 Hindalco Industries Ltd..19 Cash & Cash Equivalents 2.7 Cement 2.73 Net receivables / payables -.63 Century Textiles and Industries Ltd Total Net 1. Total Percentage of thinly/non traded securities is.1% Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 23

21 Wealth Creation Advantage Fund As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. Small Fund Manager : Mr. Ajay Garg Managing Fund Since : July 29, 21 Total Experience : 15 years Date of inception : February 24, 1995 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 94.7 (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE SENSEX Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 37.87% Sharpe Ratio : -.17 Beta :.98 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Advantage Fund... Investment Period Total Investment BSE SENSEX Value of SIP in Returns (%)* Advantage Fund BSE SENSEX Advantage Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 1995 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Advantage Fund - Growth Banks State Bank of India 4.67 ICICI Bank Ltd HDFC Bank Ltd Yes Bank Ltd. 3. ING Vysya Bank Ltd Kotak Mahindra Bank Ltd Industrial Capital Goods 8.7 Bharat Heavy Electricals Ltd Thermax Ltd Bharat Electronics Ltd Honeywell Automation India Ltd..22 Software 5.85 Infosys Technologies Ltd Tata Consultancy Services Ltd Core Projects & Technologies Ltd..25 Petroleum Products 5.64 Reliance Industries Ltd Auto Ancillaries 5.48 Exide Industries Ltd Bosch Ltd Sundaram-Clayton Ltd..21 Consumer Non Durables 5.46 ITC Ltd United Breweries Holdings Ltd Construction Project 5.46 Larsen & Toubro Ltd BSE Sensex Voltas Ltd Power 5.7 Torrent Power Ltd Reliance Infrastructure Ltd GVK Power & Infrastructure Ltd Ferrous Metals 4.86 Jindal Steel & Power Ltd. 2. Tata Steel Ltd Jindal Saw Ltd..92 Finance 4.74 HDFC Ltd Mahindra & Mahindra Financial Services Ltd Pharmaceuticals 4.41 Biocon Ltd Pfizer Ltd Auto 3.42 Tata Motors Ltd. 2.3 Mahindra & Mahindra Ltd Non - Ferrous Metals 3.4 Hindalco Industries Ltd Sterlite Industries (India) Ltd Construction 2.73 Sobha Developers Ltd. 2.2 Ramky Infrastructure Ltd..63 Dharti Dredging and Infrastructure Ltd**.9 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.9%. Indicates less than.1 Transportation 2.64 Spicejet Ltd Gas 2.17 GAIL India Ltd Oil 2.1 Oil & Natural Gas Corporation Ltd. 2.1 Retailing 1.98 Shoppers Stop Ltd. 1.7 Trent Ltd. CCPS Series A.65 Trent Ltd..27 Telecom-Services 1.94 Bharti Airtel Ltd Media & Entertainment 1.64 Jagran Prakashan Ltd Hindustan Media Ventures Ltd..33 Trading 1.38 Uniphos Enterprises Ltd Hotels 1.36 Asian Hotels East Ltd IT Consulting & Services. Karrox Technologies Ltd** Cash & Cash Equivalents 2.24 Net receivables / payables -1.3 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 24

22 Wealth Creation cap Fund As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks. Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 22 Years Date of inception : October 3, 22 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Plan B Fresh Purchase : ` 2,,/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Plan A Dividend : ( Payout, Reinvestment & Sweep) Growth : Plan B Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : CNX cap Average AUM : ` 2,3.17 Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 4.82% Sharpe Ratio :.3 Beta :.94 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in cap Fund... Investment Period Total Investment CNX cap Value of SIP in Returns (%)* cap Fund CNX cap cap Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : November 1, 22 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) cap Fund Plan A - Growth Banks Yes Bank Ltd Allahabad Bank 2.4 Indian Bank 1.98 ING Vysya Bank Ltd IndusInd Bank Ltd Union Bank of India 1.28 Dena Bank.99 Consumer Non Durables 9.37 Glaxosmithkline Consumer Healthcare Ltd Godrej Consumer Products Ltd. 2. Bata India Ltd Mcleod Russel India Ltd. 1.6 Asian Paints Ltd. 1.4 Shree Renuka Sugars Ltd..8 Pharmaceuticals 9.25 Aurobindo Pharma Ltd 2.8 Cadila Healthcare Ltd. 2.6 Lupin Ltd Divis Laboratories Ltd Torrent Pharmaceuticals Ltd..98 Finance 6.41 Shriram Transport Finance Company Ltd Mahindra & Mahindra Financial Services Ltd Bajaj Finance Ltd..82 LIC Housing Finance Ltd..65 Auto Ancillaries 5.92 Exide Industries Ltd. 3.1 Amtek Auto Ltd Motherson Sumi Systems Ltd Industrial Capital Goods 5.72 Crompton Greaves Ltd AIA Engineering Ltd CNX cap Thermax Ltd BGR Energy Systems Ltd.14 Power 5.69 PTC India Ltd Kalpataru Power Transmission Ltd KEC International Ltd. 1.5 Jyoti Structures Ltd..82 GVK Power & Infrastructure Ltd..51 Construction 5.58 Simplex Infrastructures Ltd Phoenix Mills Ltd. 1.5 Sadbhav Engineering Ltd Oberoi Realty Ltd..52 Sadbhav Engineering Ltd. - Warrant.15 Industrial Products 4.96 Cummins (India) Ltd. 3.1 Jain Irrigation Systems Ltd Petroleum Products 4.69 Castrol India Ltd Hindustan Petroleum Corporation Ltd Auto 4.31 Ashok Leyland Ltd TVS Motor Company Ltd Transportation 4.17 Spicejet Ltd. 2.5 Cox & Kings Ltd Gateway Distriparks Ltd..87 Pesticides 2.8 United Phosphorus Ltd. 2.8 Ferrous Metals 2.23 Usha Martin Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Fertilisers 2.19 Tata Chemicals Ltd..99 Gujarat State Fertilizers & ChemicalsLtd.43 Chambal Fertilisers and Chemicals Ltd..39 Coromandel International Ltd..38 Construction Project 2.1 Lanco Infratech Ltd. 2.1 Media & Entertainment 1.74 Dish TV India Ltd Television Eighteen India Ltd..38 Chemicals 1.72 Solar Industries India Ltd Cement 1.67 Century Textiles and Industries Ltd Shree Cements Ltd..4 Software 1.26 Patni Computer Systems Ltd..79 Polaris Software Lab Ltd..47 Hotels 1.16 Indian Hotels Company Ltd Gas.32 Petronet LNG Ltd..32 Cash & Cash Equivalents 2.26 Net receivables / payables 1.33 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Value Research Rating cap Fund (Plan A) Equity Diversified (46 Schemes), for 3 & 5 Years periods ending 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 25

23 Wealth Creation Frontline Equity Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Mahesh Patil Managing Fund Since : November 17, 25 Total Experience : 2 years Date of inception : August 3, 22 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Plan B Fresh Purchase : ` 2,,/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Plan A Dividend : ( Payout, Reinvestment & Sweep) Growth : (With/without Trigger Facility) Plan B Dividend : (Payout, Reinvestment & Sweep) Growth : (With/without Trigger Facility) Benchmark : BSE 2 Average AUM : ` 2, Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 32.82% Sharpe Ratio :.5 Beta :.86 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). An open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 2. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Frontline Equity Fund... Investment Period Total Investment Value of SIP in Returns (%)* BSE 2 BSE 2 Frontline Equity Fund Frontline Equity Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : October 1, 22 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks ICICI Bank Ltd State Bank of India 3.13 Bank of Baroda 2.26 Axis Bank Ltd HDFC Bank Ltd. 1.9 Kotak Mahindra Bank Ltd ING Vysya Bank Ltd IndusInd Bank Ltd Bank of India.67 Standard Chartered PLC - IDR.39 Union Bank of India.5 Software 8.21 Tata Consultancy Services Ltd Infosys Technologies Ltd Wipro Ltd. 1.5 Industrial Capital Goods 6.96 Bharat Heavy Electricals Ltd. 2.7 Crompton Greaves Ltd Alstom Projects India Ltd Bharat Electronics Ltd..66 Siemens Ltd..45 Auto 6.3 Tata Motors Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd. 1. Pharmaceuticals 5.63 Dr.Reddy's Laboratories Ltd Cipla Ltd Sun Pharmaceutical Industries Ltd..87 Power 5.28 Reliance Infrastructure Ltd. 1.3 NTPC Ltd PTC India Ltd..96 CESC Ltd Frontline Equity Fund Plan A - Growth BSE 2 Torrent Power Ltd..63 KSK Energy Ventures Ltd..31 Petroleum Products 4.62 Reliance Industries Ltd Hindustan Petroleum Corporation Ltd..39 Indian Oil Corporation Ltd..1 Consumer Non Durables 4.17 ITC Ltd United Spirits Ltd..28 Construction Project 4. Lanco Infratech Ltd Larsen & Toubro Ltd Nagarjuna Construction Company Ltd. 1.4 Finance 3.68 HDFC Ltd. 2.1 Mahindra & Mahindra Financial Services Ltd Oil 3.13 Oil & Natural Gas Corporation Ltd Ferrous Metals 3.6 Tata Steel Ltd Jindal Steel & Power Ltd. 1.4 Telecom-Services 3.5 Bharti Airtel Ltd. 3.5 Non - Ferrous Metals 2.66 Hindalco Industries Ltd Sterlite Industries (India) Ltd Auto Ancillaries 2.55 Bosch Ltd Amtek Auto Ltd. 1.6 Industrial Products 2.3 Cummins (India) Ltd. 2.3 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.%. Indicates less than Media & Entertainment 2.21 Jagran Prakashan Ltd..99 Zee Entertainment Enterprises Ltd..69 D.B. Corp Ltd..52 Zee Learn Ltd ** Gas 1.48 GAIL India Ltd Cement 1.28 Grasim Industries Ltd Transportation.97 IL&FS Transportation Networks Ltd..97 Construction.94 Housing Development & Infrastructure Ltd.94 Retailing.69 Pantaloon Retail (India) Ltd..68 Future Mall Management Ltd. ** Hotels.64 Indian Hotels Company Ltd..64 Telecom - Equipment & Accessories.59 OnMobile Global Ltd..59 Diversified.27 Hindustan Unilever Ltd..27 Future and Options -.1 BHEL Futures Nov United Spirits Ltd Futures Nov Cash & Cash Equivalents 4.53 Net receivables / payables 1.16 Total Net 1. CRISIL~CPR 2^^ Frontline Equity Fund Consistent Performers-Equity Funds (37 Schemes), 2 Yrs ended 3-Sep-1 CRISIL~CPR 2^^ Frontline Equity Fund (Plan A) Large Cap Oriented Equity Schemes (31 Schemes), 2 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 V alue Research Rating Frontline Equity Fund (Plan A) Equity: Diversified (52 Schemes), for 3 & 5 Years periods ending 31-Oct-1 26

24 Wealth Creation Infrastructure Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Mahesh Patil Managing Fund Since : Since inception Total Experience : 2 years Date of inception : March 17, 26 Nature of the scheme : An Open-ended Growth Scheme Default option : Plan A/Dividend Reinvestment Plan A Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Plan B Fresh Purchase : ` 2,,/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Plan A Dividend : ( Payout, Reinvestment & Sweep) Growth : 19.1 Plan B Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 39.93% Sharpe Ratio : -.17 Beta : 1.1 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). An open-ended growth scheme with the objective to providing for medium to long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of companies that are participating in the growth and development of Infrastructure in India Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Infrastructure Fund... Investment Period Total Investment S&P CNX NIFTY Value of SIP in Returns (%)* Infrastructure Fund S&P CNX NIFTY Infrastructure Fund Since Inception Last 3 years Last 1 year Date of First Installment : April 1, 26 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Infrastructure Fund - Plan A - Growth Industrial Capital Goods Crompton Greaves Ltd Bharat Heavy Electricals Ltd Thermax Ltd Siemens Ltd Tecpro Systems Ltd Sanghvi Movers Ltd Bharat Electronics Ltd Alstom Projects India Ltd Elecon Engineering Company Ltd..88 Banks 15.8 State Bank of India 2.5 Bank of Baroda 2.46 ICICI Bank Ltd HDFC Bank Ltd. 2.2 Axis Bank Ltd The South Indian Bank Ltd Allahabad Bank 1.37 United Bank Of India 1.26 Power PTC India Ltd CESC Ltd. 2.2 Jyoti Structures Ltd GVK Power & Infrastructure Ltd Torrent Power Ltd Kalpataru Power Transmission Ltd KEC International Ltd Reliance Infrastructure Ltd KSK Energy Ventures Ltd..86 Construction Project 7.8 Larsen & Toubro Ltd Lanco Infratech Ltd Nagarjuna Construction Company Ltd Voltas Ltd Gammon India Ltd. 1. Construction 6.76 Mahindra Lifespace Developers Ltd Ackruti City Ltd Sadbhav Engineering Ltd Madhucon Projects Ltd. 1.4 ITD Cementation India Ltd..89 Sadbhav Engineering Ltd. - Warrant.14 Auto 6.41 Tata Motors Ltd Mahindra & Mahindra Ltd Tata Motors - DVR.49 Industrial Products 5.44 Cummins (India) Ltd Bharat Forge Ltd Kirloskar Engines India Ltd.** 1.1 Greaves Cotton Ltd..49 Kirloskar Industries Ltd..12 Oil 3.55 Oil & Natural Gas Corporation Ltd Petroleum Products 3.55 Reliance Industries Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 1.1% Year 3 Years Since Inception S&P CNX Nifty Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Finance 3.3 Rural Electrification Corporation Ltd HDFC Ltd Telecom-Services 2.32 Bharti Airtel Ltd Idea Cellular Ltd..43 Ferrous Metals 2.16 Usha Martin Ltd Tata Steel Ltd..47 PSL Ltd..47 Consumer Durables 1.99 Bajaj Electricals Ltd Gas 1.8 Gujarat Gas Company Ltd. 1.8 Cement 1.74 Grasim Industries Ltd. 1.2 Century Textiles and Industries Ltd..72 Engineering Services 1.63 VA Tech Wabag Ltd Hotels.59 Indian Hotels Company Ltd..59 Cash & Cash Equivalents 1.69 Net receivables / payables.6 Total Net 1. CRISIL~CPR 2^^ Infrastructure Fund (Plan A) Thematic - Infrastructure Equity Schemes (14 Schemes), 2 Yrs ended 3-Sep-1 V alue Research Rating Infrastructure Fund (Plan A) Equity: Infrastructure (13 Schemes), for 3 & 5 Years periods ending 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 27

25 Wealth Creation Basic Industries Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ankit Sancheti Managing Fund Since : November 3,27 Total Experience : 11 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 31.3 (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1.% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 38.31% Sharpe Ratio : -.13 Beta :.99 A multi-sector open-ended growth scheme with the objective of long term growth capital, through a portfolio with a target allocation of 1% equity, focusing on investing in companies sensitive to economic cycles and commodity pricing cycles. The investments will be in companies which are often referred to as cyclical companies Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Basic Industries Fund... Investment Period Total Investment Value of SIP in Returns (%)* Basic BSE 2 BSE 2 Industries Fund Basic Industries Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 2 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Banks 19.3 Federal Bank Ltd. 3. ICICI Bank Ltd Syndicate Bank 2.22 United Bank Of India 2. Axis Bank Ltd. 2. The Jammu And Kashmir Bank Ltd Kotak Mahindra Bank Ltd. 1.8 HDFC Bank Ltd Dena Bank 1.42 IDBI Bank Ltd..81 Industrial Capital Goods Crompton Greaves Ltd. 3.9 McNally Bharat Engineering Co Ltd. 2.5 Siemens Ltd Bharat Heavy Electricals Ltd Alstom Projects India Ltd Apar Industries Ltd BGR Energy Systems Ltd 1.6 Hindustan Dorr-Oliver Ltd Bharat Electronics Ltd Sterlite Technologies Ltd..69 Thermax Ltd..31 Industrial Products 8.92 Cummins (India) Ltd Carborundum Universal Ltd Greaves Cotton Ltd Basic Industries Fund - Growth BSE FAG Bearings India Ltd TRF Ltd..52 Auto 7.86 Bajaj Auto Ltd Tata Motors Ltd Mahindra & Mahindra Ltd. 2. Finance 7.15 Shriram Transport Finance Company Ltd HDFC Ltd Sundaram Finance Ltd. 1.1 Mahindra & Mahindra Financial Services Ltd..89 Power 6.54 PTC India Ltd. 2.7 Torrent Power Ltd Kalpataru Power Transmission Ltd KEC International Ltd Construction Project 5.92 Voltas Ltd. 2.1 Lanco Infratech Ltd Larsen & Toubro Ltd Nagarjuna Construction Company Ltd..77 Ferrous Metals 4.95 Jindal Steel & Power Ltd Tata Steel Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Maharashtra Seamless Ltd Oil 4.48 Oil & Natural Gas Corporation Ltd Great Offshore Ltd Auto Ancillaries 4.7 Wabco TVS India Ltd Exide Industries Ltd Transportation 3.88 Jet Airways India Ltd IL&FS Transportation Networks Ltd The Great Eastern Shipping Company Ltd..39 Petroleum Products 2.98 Reliance Industries Ltd Consumer Durables 1.78 Bajaj Electricals Ltd Construction.69 Phoenix Mills Ltd..69 Cash & Cash Equivalents 4.25 Net receivables / payables -.5 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). CRISIL~CPR 1^^ Basic Industries Fund Thematic - Infrastructure Equity Schemes (14 Schemes), 2 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 28

26 Wealth Creation India GenNext Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 12,27 Total Experience : 22 years Date of inception : August 5, 25 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 28.47% Sharpe Ratio : - Beta :.76 An open-ended growth scheme with the objective to target growth of capital by investing in equity/equity related instruments of companies that are expected to benefit from the rising consumption patterns in India, which in turn is getting fuelled by high disposable incomes of the young generation (Generation Next). The scheme will invest in companies that have the following characteristics: 1. Companies that seek growth in revenues arising out of demand from the younger generation (GenNext) for their products or services. 2. They should be engaged in manufacturing of products or rendering of services that go directly to the consumer. 3. The products and services should have distinct brand identity, thereby enabling choice India GenNext Fund - Growth S&P CNX Nifty Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. SIP is a powerful tool that can help you create wealth over time. If you had invested in India GenNext Fund... Investment Period Total Investment Systematic Investment S&P CNX NIFTY Value of SIP in Returns (%)* India GenNext Fund S&P CNX NIFTY India GenNext Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : September 1, 25 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Consumer Non Durables Bata India Ltd Asian Paints Ltd ITC Ltd. 4.4 Dabur India Ltd. 3.7 Titan Industries Ltd Bajaj Corp Ltd Jubilant Foodworks Ltd..96 Zydus Wellness Ltd..79 Kansai Nerolac Paints Ltd..4 Banks 1.64 HDFC Bank Ltd ICICI Bank Ltd. 3.1 Axis Bank Ltd Yes Bank Ltd Auto 9.21 Mahindra & Mahindra Ltd Bajaj Auto Ltd TVS Motor Company Ltd Tata Motors - DVR 1.5 Tata Motors Ltd..69 Retailing 7.98 Pantaloon Retail (India) Ltd Shoppers Stop Ltd Trent Ltd. 1. Trent Ltd. CCPS Series A.7 Trent Ltd. CCPS Series B.7 Future Mall Management Ltd. **.2 Media & Entertainment 6.16 Sun TV Network Ltd Dish TV India Ltd PVR Ltd..81 Jagran Prakashan Ltd..48 D.B. Corp Ltd..13 HT Media Ltd..11 Consumer Durables 5.85 Bajaj Electricals Ltd Havells India Ltd Petroleum Products 5.15 Castrol India Ltd Textile Products 4.52 S. Kumars Nationwide Ltd Raymond Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.2%. Hotels 4.46 Indian Hotels Company Ltd Asian Hotels East Ltd..94 Construction 4.1 Sobha Developers Ltd Prestige Estates Projects Ltd 1.43 Transportation 3.48 Cox & Kings Ltd Telecom-Services 2.67 Idea Cellular Ltd Pharmaceuticals 2.2 Cadila Healthcare Ltd. 2.2 Auto Ancillaries 1.42 Goodyear India Ltd Cash & Cash Equivalents 4.65 Net receivables / payables 1.69 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). CRISIL~CPR 2^^ India GenNext Fund Diversified Equity Schemes - Equity (74 Schemes), 2 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 29

27 Wealth Creation New Millennium Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12, 27 Total Experience : 1 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : 2.86 Benchmark : BSE Teck Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 34.21% Sharpe Ratio : -.24 Beta :.99 A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in New Millennium Fund... Investment Period Total Investment BSE Teck Value of SIP in Returns (%)* New Millennium Fund BSE Teck New Millennium Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 2 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Year New Millennium Fund - Growth Software Infosys Technologies Ltd Tata Consultancy Services Ltd Wipro Ltd Oracle Financial Services Software Ltd Polaris Software Lab Ltd Core Projects & Technologies Ltd. 3.2 Patni Computer Systems Ltd Persistent Systems Ltd 2.85 Infotech Enterprises Ltd Subex Ltd BSE Teck 3 Years Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Educomp Ltd Megasoft Ltd Sasken Communication Technologies Ltd Telecom-Services 6.92 Bharti Airtel Ltd Idea Cellular Ltd Hardware 6.57 Allied Digital Services Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is Nil. Indicates less than Years Since Inception Media & Entertainment 6.27 DQ Entertainment International Ltd Hindustan Media Ventures Ltd Magnasound India Ltd. ** Cash & Cash Equivalents 6.38 Net receivables / payables Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 3

28 Wealth Creation Top 1 Fund As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to provide medium to longterm capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities of top 1 companies as measured by market capitalization. Small Fund Manager : Mr. Mahesh Patil Managing Fund Since : July 29, 21 Total Experience : 2 years Date of inception : October 24, 25 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 15.6 (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 29.6% Sharpe Ratio : -.12 Beta :.83 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Top 1 Fund... Investment Period Total Investment Value of SIP in Returns (%)* S&P CNX NIFTY Top 1 Fund S&P CNX NIFTY Top 1 Fund Since Inception Last 3 years Last 1 year Date of First Installment : November 1, 25 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Top 1 Fund - Growth Banks ICICI Bank Ltd State Bank of India 4.32 Axis Bank Ltd. 2.9 HDFC Bank Ltd. 2.7 Kotak Mahindra Bank Ltd. 2. IndusInd Bank Ltd The South Indian Bank Ltd Industrial Capital Goods 9.42 Bharat Heavy Electricals Ltd Crompton Greaves Ltd. 3.8 Siemens Ltd Bharat Electronics Ltd Software 9.4 Infosys Technologies Ltd. 3.1 Tata Consultancy Services Ltd Polaris Software Lab Ltd Wipro Ltd. 1.9 Auto 7.43 Tata Motors Ltd Mahindra & Mahindra Ltd. 2.1 Ashok Leyland Ltd Tata Motors - DVR.52 Pharmaceuticals 7.6 Dr.Reddy's Laboratories Ltd. 3.5 Torrent Pharmaceuticals Ltd Cadila Healthcare Ltd..98 Sun Pharmaceutical Industries Ltd..92 S&P CNX Nifty Petroleum Products 6.12 Reliance Industries Ltd Hindustan Petroleum Corporation Ltd..97 Consumer Non Durables 5.6 ITC Ltd Shree Renuka Sugars Ltd Finance 5.23 Shriram Transport Finance Company Ltd HDFC Ltd Bajaj Finance Ltd..87 India Infoline Ltd..41 Power 4.5 PTC India Ltd Kalpataru Power Transmission Ltd GVK Power & Infrastructure Ltd..89 Oil 3.67 Oil & Natural Gas Corporation Ltd Telecom-Services 3.38 Bharti Airtel Ltd Ferrous Metals 2.31 Tata Steel Ltd Cement 2.11 Century Textiles and Industries Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Non - Ferrous Metals 2.3 Hindalco Industries Ltd. 1.1 Sterlite Industries (India) Ltd..93 Construction Project 1.86 Larsen & Toubro Ltd Gas 1.85 GAIL India Ltd Industrial Products 1.82 Cummins (India) Ltd Pesticides 1.63 United Phosphorus Ltd Transportation 1.47 IL&FS Transportation Networks Ltd Retailing 1.37 Shoppers Stop Ltd Fertilisers.68 Chambal Fertilisers and Chemicals Ltd..68 Cash & Cash Equivalents 2.88 Net receivables / payables -.72 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 31

29 Wealth Creation Buy India Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Garg Managing Fund Since : September 12, 27 Total Experience : 15 years Date of inception : January 15, 2 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 33.54% Sharpe Ratio :.21 Beta :.86 A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 1% equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The focus of the scheme will be in the consumer and healthcare sectors. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Buy India Fund... Investment Period Total Investment Value of SIP in Returns (%)* BSE 2 BSE 2 Buy India Fund Buy India Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 2 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Consumer Non Durables 17.1 Tata Global Beverages Limited 3.2 Radico Khaitan Ltd. 3.6 E.I.D. Parry (India) Ltd. 3.5 United Spirits Ltd United Breweries Holdings Ltd ITC Ltd Banks State Bank of India 4.5 ICICI Bank Ltd ING Vysya Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd Pharmaceuticals Glaxosmithkline Pharmaceuticals Ltd Aventis Pharma Ltd Wyeth Ltd Pfizer Ltd Fulford (India) Ltd. 2.4 Finance 6.53 HDFC Ltd India Infoline Ltd Transportation 6.32 Jet Airways India Ltd Spicejet Ltd Cox & Kings Ltd Auto 6.24 Mahindra & Mahindra Ltd Maruti Suzuki India Ltd. 3.1 Retailing 5.82 Shoppers Stop Ltd. 3.8 Trent Ltd Trent Ltd. CCPS 'A' 1.13 Media & Entertainment 5.7 PVR Ltd UTV Software Communications Ltd Television Eighteen India Ltd Magnasound India Ltd. ** Pesticides 4.62 Rallis India Ltd Hotels 4.34 Indian Hotels Company Ltd ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is Nil. Indicates less than Buy India Fund - Growth BSE Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Taj GVK Hotels & Resorts Ltd Asian Hotels East Ltd..69 Asian Hotels North Ltd..48 Asian Hotels West Ltd..37 Gas 4.17 Indraprastha Gas Ltd Auto Ancillaries 3.38 Sundaram-Clayton Ltd Trading 2.67 Uniphos Enterprises Ltd Construction 1.49 Ackruti City Ltd Textile Products 1.16 S. Kumars Nationwide Ltd Cash & Cash Equivalents 2.13 Net receivables / payables -.42 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). CRISIL~CPR 2^^ Buy India Fund Diversified Equity Schemes (74 Schemes), 2 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 32

30 Wealth Creation MNC Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Ajay Garg Managing Fund Since : June 18, 29 Total Experience : 15 years Date of inception : December 27, 1999 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 88.7 (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX MNC Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 27.5% Sharpe Ratio :.3 Beta :.84 An open-ended growth scheme with the objective to achieve long-term growth of capital at relatively moderate levels of risk by making investments in securities of multi-national companies through a research based investment approach. Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in MNC Fund... Investment Period Total Investment S & P CNX MNC Value of SIP in Returns (%)* MNC Fund S & P CNX MNC MNC Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : January 1, 2 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Consumer Non Durables Glaxosmithkline Consumer Healthcare Ltd Kansai Nerolac Paints Ltd Colgate-Palmolive (India) Ltd Nestle India Ltd Procter & Gamble Hygiene & Health Care Ltd ITC Ltd Visakha Aqua Farms Ltd** Pharmaceuticals Pfizer Ltd. 5.1 Glaxosmithkline Pharmaceuticals Ltd Fulford (India) Ltd Wyeth Ltd Aventis Pharma Ltd..71 Industrial Capital Goods Honeywell Automation India Ltd Alstom Projects India Ltd Areva T&D India Ltd. 2.9 Siemens Ltd. 2.3 ABB Ltd. 1.5 Finance 1.66 CRISIL Ltd ICRA Ltd MNC Fund - Growth 6. S&P CNX MNC Auto Ancillaries 8.64 Bosch Ltd Wabco TVS India Ltd Federal-Mogul Goetze (India) Ltd Industrial Products 7.52 Cummins (India) Ltd. 6.1 FAG Bearings India Ltd Banks 6.1 ING Vysya Bank Ltd. 6.1 Gas 5.62 Gujarat Gas Company Ltd Auto 5.11 Maruti Suzuki India Ltd Software 3.31 Oracle Financial Services Software Ltd Mphasis Ltd Oil 2.2 Cairn India Ltd. 2.2 Past Past performance may may or or may not not be be sustained in future. Returns are in % and absolute returns returns for for period period less less than than 1 year 1 year & CAGR & CAGR for for period period 1 year 1 year or more. more. Consumer Durables 1.32 Whirlpool of India Ltd Diversified 1.26 Hindustan Unilever Ltd Construction 1.5 ITD Cementation India Ltd. 1.5 Textiles - Synthetic.4 Sree Jayalakshmi Autospin Ltd..4 Maruti Cottex Ltd** Paper. Jainpur Straw Board & Papers Ltd. ** Textiles - Cotton. Sri Venkatesha Mills Ltd** Cash & Cash Equivalents.93 Net receivables / payables -.3 Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.%. Indicates less than Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 33

31 Wealth Creation Index Fund As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors. Small Fund Manager : Mr. Ajay Garg Managing Fund Since : October 1, 27 Total Experience : 15 years Date of inception : September 18, 22 Nature of the scheme : An Open-ended Index Linked Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 Working days Systematic Withdrawal : Not Available Systematic Transfer : Not Available Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S&P CNX NIFTY Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 34.28% Sharpe Ratio : -.21 Beta :.98 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Index Fund... Investment Period Total Investment S&P CNX NIFTY Value of SIP in Returns (%)* Index Fund S&P CNX NIFTY Index Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : October 1, 22 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) 1-1 Index Fund - Growth Banks ICICI Bank Ltd State Bank of India 3.63 HDFC Bank Ltd Axis Bank Ltd Punjab National Bank.77 Kotak Mahindra Bank Ltd..75 Software 1.15 Infosys Technologies Ltd. 6.4 Tata Consultancy Services Ltd Wipro Ltd..94 HCL Technologies Ltd..43 Petroleum Products 8.71 Reliance Industries Ltd Bharat Petroleum Corporation Ltd..42 Auto 5.7 Tata Motors Ltd Mahindra & Mahindra Ltd. 1.4 Bajaj Auto Ltd..94 Maruti Suzuki India Ltd..92 Hero Honda Motors Ltd..8 Finance 5.4 HDFC Ltd 3.97 IDFC Ltd. 1.2 Reliance Capital Ltd Year Years 5 Years Since Inception S&P CNX Nifty Consumer Non Durables 4.1 ITC Ltd. 4.1 Ferrous Metals 3.35 Tata Steel Ltd Jindal Steel & Power Ltd Steel Authority of India Ltd..51 Power 3.29 NTPC Ltd Tata Power Company Ltd. 1.1 Reliance Infrastructure Ltd..65 Power Grid Corporation of India Ltd..26 Reliance Power Ltd..26 Pharmaceuticals 2.83 Dr. Reddy's Laboratories Ltd..93 Cipla Ltd..8 Sun Pharmaceutical Industries Ltd..71 Ranbaxy Laboratories Ltd..39 Oil 2.58 Oil & Natural Gas Corporation Ltd Cairn India Ltd..62 Industrial Capital Goods 2.48 Bharat Heavy Electricals Ltd Siemens Ltd..55 Suzlon Energy Ltd..2 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Sterlite Industries India Ltd. 1.2 Telecom - Services 2.31 Bharti Airtel Ltd Reliance Communications Ltd..54 Cement 1.57 Jaiprakash Associates Ltd..62 Ambuja Cements Ltd..51 ACC Ltd..44 Diversified 1.38 Hindustan Unilever Ltd Gas.99 GAIL (India) Ltd..99 Construction.57 DLF Ltd..57 Minerals/Mining.55 Sesa Goa Ltd..55 Future and Options CNX Nifty Future Nov Cash & Cash Equivalents Net receivables / payables Construction Project 4.81 Larsen & Toubro Ltd Non - Ferrous Metals 2.42 Hindalco Industries Ltd Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 34

32 Wealth Creation India Opportunities Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small An open-ended growth scheme with the objective to achieve superior long-term growth of capital by investing in shares of companies that do one or more of the following: Leverage India's intellectual capital for providing services, research and creative inputs; Seek to use current and impending changes in patent laws / import tariffs / quotas to supply goods and services; Leverage India's lower labour costs for providing services and manufactured goods; Leverage India's large population of English speaking people for providing services. Fund Manager : Mr. Atul Penkar Managing Fund Since : September 12, 27 Total Experience : 1 years Date of inception : December 27, 1999 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** :.5% if redeemed / switched out within 7 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 35.43% Sharpe Ratio : -.22 Beta : Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in India Opportunities Fund... Investment Period Total Investment Value of SIP in Returns (%)* S & P CNX 5 India S & P CNX 5 Opportunities Fund India Opportunities Fund Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : January 1, 2 The data assumes the investment of ` 1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Software Tata Consultancy Services Ltd Infosys Technologies Ltd Wipro Ltd Oracle Financial Services Software Ltd. 4.8 Polaris Software Lab Ltd. 3.7 Infotech Enterprises Ltd. 3.1 Core Projects & Technologies Ltd Sasken Communication Technologies Ltd Collabera Pvt. Ltd. ** Year Years 5 Years Since Inception India Opportunities Fund - Growth S&P CNX Aurobindo Pharma Ltd 2.61 Cadila Healthcare Ltd Non - Ferrous Metals 5.21 Hindustan Zinc Ltd Hindalco Industries Ltd Hardware 4.8 Allied Digital Services Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Media & Entertainment 2.51 DQ Entertainment International Ltd Magnasound India Ltd. ** Construction Project 2.3 Voltas Ltd. 2.3 Ferrous Metals 1.58 Tata Steel Ltd Industrial Capital Goods Crompton Greaves Ltd Honeywell Automation India Ltd AIA Engineering Ltd Industrial Products 8.15 Cummins (India) Ltd Sintex Industries Ltd. 3.1 Sree Rama Polymers Ltd** Pharmaceuticals 8.6 Dr.Reddy's Laboratories Ltd. 3.6 Finance 3.58 CRISIL Ltd Petroleum Products 3.3 Reliance Industries Ltd. 3.3 Power 2.7 KEC International Ltd. 2.7 Auto Ancillaries 2.53 Amtek Auto Ltd **Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is Nil. Indicates less than.1 Consumer Non Durables. Oriqua Ltd ** Paper. Jainpur Straw Board & Papers Ltd. ** Cash & Cash Equivalents 5.7 Net receivables / payables -.42 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 35

33 Wealth Creation Dividend Yield Plus As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. Small Fund Manager : Mr. Ankit Sancheti Managing Fund Since : November 3, 27 Total Experience : 11 years Date of inception : February 26, 23 Nature of the scheme : An Open-ended Growth Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 16.7 (Payout, Reinvestment & Sweep) Growth : Benchmark : S & P CNX 5 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 32.7% Sharpe Ratio :.44 Beta :.81 Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Dividend Yield Plus... Investment Period Total Investment Value of SIP in Returns (%)* S & P CNX 5 S & P CNX 5 Dividend Yield Plus Dividend Yield Plus Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : March 1, 23 The data assumes the investment of ` 1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Dividend Yield Plus - Growth S & P CNX 5 Banks 17.2 The South Indian Bank Ltd Allahabad Bank 2.29 Oriental Bank of Commerce 2.6 Syndicate Bank 1.88 Corporation Bank 1.82 The Jammu And Kashmir Bank Ltd United Bank Of India 1.61 Standard Chartered Bank PLC - IDR 1.45 Indian Bank.95 Bank of Maharashtra.6 Indian Overseas Bank.1 Consumer Non Durables 1.89 Glaxosmithkline Consumer Healthcare Ltd ITC Ltd E.I.D. Parry (India) Ltd Kansai Nerolac Paints Ltd Akzo Nobel India Ltd. 1.1 Procter & Gamble Hygiene & Health Care Ltd..71 Berger Paints India Ltd..64 Software 6.67 Tata Consultancy Services Ltd. 2.3 Patni Computer Systems Ltd i Infotech Ltd..58 HCL Technologies Ltd..57 Sasken Communication Technologies Ltd..53 Geometric Ltd..42 Fertilisers 6.62 Coromandel International Ltd Chambal Fertilisers and Chemicals Ltd. 2.5 Tata Chemicals Ltd. 2.2 Deepak Fertilisers & Petrochemicals Corporation Ltd..34 Petroleum Products 5.89 Hindustan Petroleum Corporation Ltd Castrol India Ltd Indian Oil Corporation Ltd Chennai Petroleum Corporation Ltd Pharmaceuticals 5.22 Wyeth Ltd. 2.2 Glaxosmithkline Pharmaceuticals Ltd Pfizer Ltd..84 Industrial Products 4.41 Cummins (India) Ltd Greaves Cotton Ltd Cosmo Films Ltd..69 Finance 3.86 Rural Electrification Corporation Ltd. 2.2 India Infoline Ltd Kirloskar Brothers Investment Ltd.**.2 Gas 3.74 Indraprastha Gas Ltd. 1.5 Gujarat Gas Company Ltd GAIL India Ltd. 1.1 Oil 3.66 Oil & Natural Gas Corporation Ltd Oil India Ltd..5 Auto 3.32 Bajaj Auto Ltd. 1.7 Ashok Leyland Ltd Transportation 2.96 The Great Eastern Shipping Company Ltd Gateway Distriparks Ltd. 1.2 Power 2.63 KEC International Ltd Gujarat Industries Power Company Ltd Industrial Capital Goods 2.15 Apar Industries Ltd Thermax Ltd..58 Bharat Bijlee Ltd..35 Media & Entertainment 2.14 Jagran Prakashan Ltd Auto Ancillaries 2.1 Phillips Carbon Black Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.2%. Lumax Auto Technologies Ltd..52 Goodyear India Ltd..45 Ferrous Metals 2.4 Tata Sponge Iron Ltd PSL Ltd..73 Consumer Durables 1.84 Bajaj Electricals Ltd Engineering 1.74 Engineers India Ltd Diversified 1.69 Hindustan Unilever Ltd Minerals/Mining 1.59 Nava Bharat Ventures Ltd Paper 1.37 Tamil Nadu Newsprint & Papers Ltd Textile Products.74 Kewal Kiran Clothing Ltd..54 K. P. R. Mill Ltd..2 Construction.5 Indiabulls Real Estate Ltd..5 Cement.45 Orient Paper & Industries Ltd..45 Chemicals.2 Clariant Chemicals (India) Ltd..2 Cash & Cash Equivalents 6.1 Net receivables / payables Total Net 1. Value Research Rating Dividend Yield Plus Equity Diversified (46 Schemes), for 3 & 5 Years periods ending 31-Oct-1 CRISIL~CPR 1^^ Dividend Yield Plus Diversified Equity Schemes - Equity ( 74 Schemes), 2 Yrs ended 3-Sep-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 36

34 Wealth Creation '95 Fund As on October 31, 21 Investment Style Value Blend Growth Size Fund Manager : Mr. Satyabrata Mohanty & Mr. Nishit Dholakia Managing Fund Since : June 18, 29 Total Experience : 12 years & 1 years Date of inception : February 1, 1995 Nature of the scheme : An Open-ended Balanced Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : 323. Benchmark : CRISIL Balanced Fund Index Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 27.56% Sharpe Ratio :.17 Large Small Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). An open-ended balanced scheme with the objective of long term growth of capital and current income, through a portfolio of equity and fixed income securities SIP is a powerful tool that can help you create wealth over time. If you had invested in '95 Fund... Investment Period Fund - Growth Total Investment Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown. Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : April 1, 1995 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating Banks ICICI Bank Ltd. 2.3 Allahabad Bank 2.25 IndusInd Bank Ltd Axis Bank Ltd. 2.2 HDFC Bank Ltd. 2.2 Bank of Baroda 1.63 State Bank of India 1.43 Oriental Bank of Commerce.79 United Bank Of India.34 Money Market Instruments Central Bank of India 6.64 PR1+ Union Bank of India 3.9 P1+ Bank of Baroda 2.61 A1+ Software 7.53 Infosys Technologies Ltd. 3.2 Tata Consultancy Services Ltd Career Point Infosystems Ltd Everonn Education Ltd..71 Core Projects & Technologies Ltd..38 Consumer Non Durables 4.73 Asian Paints Ltd ITC Ltd Bajaj Corp Ltd Dabur India Ltd..73 United Breweries Holdings Ltd..57 Industrial Capital Goods 4.53 Thermax Ltd. 1.2 Crompton Greaves Ltd Siemens Ltd Bharat Heavy Electricals Ltd. 1.5 Pharmaceuticals 4.52 Aurobindo Pharma Ltd 1.65 Lupin Ltd Cadila Healthcare Ltd Aventis Pharma Ltd..59 Auto 3.81 Mahindra & Mahindra Ltd Tata Motors - DVR 1.46 Ashok Leyland Ltd..78 Construction Project 3.33 Larsen & Toubro Ltd Lanco Infratech Ltd Voltas Ltd..75 Finance 3.21 Mahindra & Mahindra Financial Services Ltd Shriram Transport Finance Company Ltd Power Finance Corporation Ltd..75 Petroleum Products 3.18 Reliance Industries Ltd Systematic Investment CRISIL Balanced Fund Index Cash & Current Value of SIP in Returns (%)* '95 Fund Rating Profile CRISIL Balanced Fund Index Rating Bharat Petroleum Corporation Ltd..74 Pesticides 2.92 Rallis India Ltd Industrial Products 2.45 Cummins (India) Ltd Greaves Cotton Ltd..82 Oil 2.28 Oil & Natural Gas Corporation Ltd. 1.5 Oil India Ltd..78 PSU/PFI Bonds/Banks 1.97 IDBI Bank Ltd.** 1.97 AA+ Construction 1.7 Ackruti City Ltd Prestige Estates Projects Ltd..44 Non - Ferrous Metals 1.47 Sterlite Industries (India) Ltd Consumer Durables 1.45 Whirlpool of India Ltd..73 Bajaj Electricals Ltd..72 Power 1.36 Torrent Power Ltd..78 Kalpataru Power Transmission Ltd..58 Retailing 1.2 Trent Ltd. CCPS Series A.6 Trent Ltd. CCPS Series B.6 Telecom-Services 1.9 Bharti Airtel Ltd. 1.9 Hotels.75 Asian Hotels East Ltd..75 Minerals/Mining.75 Nava Bharat Ventures Ltd..75 Fertilisers.74 Coromandel International Ltd..74 Diversified.35 Bombay Burmah Trading Corporation Ltd..35 Media & Entertainment. Zee Learn Ltd.** Magnasound India Ltd. ** Zee Entertainment Enterprises Ltd. Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is 1.97%. Indicates less than.1 Other AAA AA 1.97% 16.16% 13.16% '95 Fund 68.71% CRISIL~CPR 2^^ 95 Fund Consistent CPR Performer- Balanced (14 Schemes), 5 years ended 3-Sep-1 CRISIL~CPR 2^^ 95 Fund Balanced Schemes (18 Schemes), 2 years ended 3-Sep-1 Value Research Rating 95 Fund Hybrid Equity-Oriented (25 Schemes),for 3 & 5 years periods ending 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 37

35 Wealth Creation Freedom Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small Fund Manager : Mr. Maneesh Dangi & Mr. Vineet Maloo Managing Fund Since : April 2, 29 Total Experience : 1 years & 5 years Date of inception : October 12, 1999 Nature of the scheme : An Open-ended Balanced Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : CRISIL Balanced Fund Index Average AUM : ` 12.1 Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Average Maturity : Standard Deviation : 18.87% Sharpe Ratio : -.35 An open-ended balanced scheme with an objective to balance income requirements with growth of capital through a balance mix of investments in equity and debt at relatively moderate levels of risks through a diversified research based investment approach SIP is a powerful tool that can help you create wealth over time. If you had invested in Freedom Fund... Investment Period Total Investment Since Inception Last 5 years Last 3 years Last 1 year Date of First Installment : November 1, 1999 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Rating Banks 15.8 ICICI Bank Ltd HDFC Bank Ltd Axis Bank Ltd IndusInd Bank Ltd. 2.2 Bank of Baroda 1.73 State Bank of India 1.58 Dena Bank 1.37 The South Indian Bank Ltd Software 7.4 Infosys Technologies Ltd Tata Consultancy Services Ltd HCL Technologies Ltd Core Projects & Technologies Ltd..72 Globsyn Infotech Ltd..2 Collabera Pvt. Ltd. ** Industrial Capital Goods 5.33 Thermax Ltd Siemens Ltd Crompton Greaves Ltd Bharat Heavy Electricals Ltd. 1.1 Gujarat Apollo Industries Ltd..75 Pharmaceuticals 4.54 Cipla Ltd. 2.3 Sun Pharmaceutical Industries Ltd Cadila Healthcare Ltd..77 Freedom Fund - Growth Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. When benchmark returns are not available, they have not been shown CRISIL Balanced Fund Index Other Cash & Current Sovereign Systematic Investment Value of SIP in Returns (%)* Freedom Fund 2.96% AAA.47% Rating Profile 27.24% CRISIL Balanced Fund Index Rating Government Bond % OIL COMP GOI BONDS Sovereign Finance 2.88 Housing Development Finance Corporation Ltd Shriram Transport Finance Company Ltd Oil 2.37 Oil & Natural Gas Corporation Ltd Oil India Ltd..8 Pesticides 2.33 Rallis India Ltd Industrial Products 1.67 Cummins (India) Ltd Auto Ancillaries 1.63 MRF Ltd Telecom-Services 1.47 Bharti Airtel Ltd Consumer Durables 1.46 Whirlpool of India Ltd..79 Bajaj Electricals Ltd..68 Cement 1.46 Grasim Industries Ltd % Freedom Fund Standard Deviation & Sharpe Ratio are calculated on Annualised basis using 3 year history of monthly returns, source: MFI Explorer. Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Auto 3.99 Tata Motors - DVR 1.69 Mahindra & Mahindra Ltd Ashok Leyland Ltd..76 Consumer Non Durables 3.95 Bajaj Corp Ltd ITC Ltd. 1.2 Akzo Nobel India Ltd Petroleum Products 3.85 Reliance Industries Ltd Construction Project 3.85 Larsen & Toubro Ltd Lanco Infratech Ltd Non - Ferrous Metals 3.16 Hindalco Industries Ltd Sterlite Industries (India) Ltd Construction 1.18 Ackruti City Ltd Hotels.95 Asian Hotels East Ltd..95 Retailing.76 Trent Ltd..76 Corporate Debt.47 HDFC Bank Ltd.**.47 AAA IT Consulting & Services. Globsyn Technologies Ltd.** Cash & Current Total Net 1. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.47%. Indicates less than.1 38

36 Wealth Creation Asset Allocation Fund Credit Quality High Low Interest rate sensitivity High As on October 31, 21 An open-ended Fund of Funds scheme with the objective to provide income and capital appreciation along with diversification by investing in a basket of debt and equity Mutual Fund schemes in line with the risk profile of the investors. - Aggressive Plan - Moderate Plan Low Fund Manager : Mr. Satyabrata Mohanty Managing Fund Since : June 18, 29 Total Experience : 12 years Date of inception : February 24, 24 Nature of the scheme : An Open-ended Fund of Funds Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Aggressive Plan Dividend : (Payout & Reinvestment) Growth : Conservative Plan Dividend : (Payout & Reinvestment) Growth : Moderate Plan Dividend : 29.6 (Payout & Reinvestment) Growth : 29.6 Benchmark Aggressive Plan : S&P CNX NIFTY Moderate Plan : CRISIL Balanced Fund Index Conservative Plan : CRISIL MIP Blended Index Average AUM Aggressive Plan : ` Crores Conservative Plan : ` 1.47 Crores Moderate Plan : ` Crores Load Structure Exit Load : Nil Standard Deviation Aggressive Plan : 9.9% Conservative Plan : 3.21% Moderate Plan : 7.49% AAF Aggressive Plan - Growth S & P CNX Nifty Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more AAF Conservative Plan - Growth - Aggressive Plan Mutual Fund Units cap Fund - Growth Index Fund - Growth Buy India Fund - Growth MNC Fund - Growth India Opportunities Fund - Growth Dynamic Bond Fund - Growth Birla Gilt Plus Regular Plan - Growth 6.71 Income Fund - Growth 2.69 Ultra Short Term - Growth 2.7 Gilt Plus PF Plan - Growth.45 Cash & Cash Equivalents.86 - Conservative Plan AAF Moderate Plan - Growth Crisil MIP Blended Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Crisil Balanced Fund Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. - Moderate Plan Mutual Fund Units Dynamic Bond Fund - Growth Index Fund - Growth cap Fund - Growth Birla Gilt Plus Regular Plan - Growth 8.8 Govt.Securities Long Term Fund - Growth 6.97 Buy India Fund - Growth 6.41 International Equity Fund Plan A - Growth 5.39 India Opportunities Fund - Growth 4.25 MNC Fund - Growth 4.11 Income Fund - Growth 1.85 Ultra Short Term - Growth 1.67 Cash & Cash Equivalents 4.8 Net receivables / payables.32 Total Net 1. Net receivables / payables.7 Total Net 1. - Conservative Plan Mutual Fund Units 89.9 Dynamic Bond Fund - Growth Birla Gilt Plus Regular Plan - Growth 14.1 Ultra Short Term - Growth 9.4 Income Plus Fund - Growth 8.85 Index Fund - Growth 7.5 cap Fund - Growth 6.27 Birla Sunlife Cash Manager-Retail Growth 4.97 MNC Fund - Growth 3.56 Govt.Securities Long Term Fund - Growth 3.15 India Opportunities Fund - Growth 2.99 Income Fund - Growth 2.28 International Equity Fund Plan A - Growth 2.2 Standard Deviation is calculated on annualised basis using 1 year history of monthly returns, source: MFI Explorer Cash & Cash Equivalents 6.92 Net receivables / payables 3.99 Total Net 1. 9 Winner of Best Fund - 3 yrs performance Lipper Awards India 21 Asset Allocation Fund - Moderate Plan - Growth Mixed Asset INR Balanced, (6 schemes) 3 Yrs Performance (27-29) & Winner of Best Fund - 5 yrs performance Lipper Awards India 21 Asset Allocation Fund - Moderate Plan - Growth Mixed Asset INR Balanced, (6 schemes) 5 Yrs Performance (25-29) & Value Research Rating AAF - Aggressive Equity Diversified(46 Schemes),for 3 & 5 years periods ended 31-Oct-1 Value Research Rating AAF - Conservative Hybrid: Debt-oriented(45 Schemes),for 3 & 5 years periods ended 31-Oct-1 Value Research Rating AAF - Moderate Hybrid: Equity-oriented(11Schemes),for 3 & 5 years periods ended 31-Oct-1 (Past performance is no guarantee of future results.) for ranking methodology please refer page 53 39

37 Wealth Creation Special Situations Fund As on October 31, 21 Investment Style Value Blend Growth Size Large An open-ended diversified equity scheme with an objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The Scheme would follow an investment strategy that would take advantage of Special Situations & Contrarian investment style. Small Fund Manager : Mr. Sanjay Chawla Managing Fund Since : September 2, 28 Total Experience : 22 years Date of inception : January 31, 28 Nature of the scheme : An Open-ended Diversified Equity Scheme Year Since Inception Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 business days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark : BSE 2 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 14.51% Sharpe Ratio : 1.62 Beta :.75 Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in Special Situations Fund... Investment Period Total Investment Value of SIP in Returns (%)* BSE 2 Special BSE 2 Situations Fund Special Situations Fund Since Inception Last 1 year Date of First Installment : April 1, 28 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Special Situations Fund - Growth BSE 2 Banks HDFC Bank Ltd ICICI Bank Ltd Axis Bank Ltd Punjab National Bank 1.19 Finance 7.68 Shriram Transport Finance Company Ltd IDFC Ltd Auto 7.34 Mahindra & Mahindra Ltd. 4.5 Tata Motors Ltd Software 6.78 Oracle Financial Services Software Ltd. 3.5 Core Projects & Technologies Ltd Wipro Ltd Patni Computer Systems Ltd Industrial Products 6.47 Jain Irrigation Systems Ltd Bharat Forge Ltd Industrial Capital Goods 4.38 Crompton Greaves Ltd Media & Entertainment 4.33 Television Eighteen India Ltd. 1.6 Sun TV Network Ltd Balaji Telefilms Ltd. 1.2 Paper 4.11 Ballarpur Industries Ltd Petroleum Products 4.3 Reliance Industries Ltd. 4.3 Auto Ancillaries 4. Amtek Auto Ltd Bosch Ltd Retailing 3.61 Pantaloon Retail (India) Ltd. 3.6 Future Mall Management Ltd.**.1 Power 3.34 PTC India Ltd Telecom - Equipment & Accessories 3.28 OnMobile Global Ltd Consumer Non Durables 3.6 Dabur India Ltd. 3.6 Textile Products 2.64 Raymond Ltd Pharmaceuticals 2.54 Cipla Ltd Pfizer Ltd..64 Aventis Pharma Ltd..1 Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.1%. Indicates less than.1 Hardware 2.16 Allied Digital Services Ltd Oil 1.81 Oil India Ltd Transportation 1.49 Jet Airways India Ltd Minerals/Mining 1.49 Nava Bharat Ventures Ltd Telecom-Services 1.1 Bharti Airtel Ltd. 1.1 Construction 1.7 DLF Ltd. 1.7 Chemicals 1.2 Solar Industries India Ltd. 1.2 Fertilisers.28 Gujarat State Fertilizers & ChemicalsLtd.28 Ferrous Metals. Jindal Steel & Power Ltd. Cash & Cash Equivalents 5.54 Net receivables / payables 3.19 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 4

38 Wealth Creation Commodity Equities Fund As on October 31, 21 Fund Manager : Mr. Ankit Sancheti and Mr. Vineet Maloo Managing Fund Since : Since Inception Total Experience : 11 years / 5 Years Date of inception : November 7, 28 Nature of the scheme : An Open-ended Growth Scheme Default option : Default Plan: Retail Plan Default Option: Growth Default Facility: Dividend Reinvestment Retail Plan Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Institutional Plan Fresh Purchase : ` 5,,,/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Global Agri Plan Retail Plan Dividend : (Payout, Reinvestment & Sweep) Growth : Global Multi Commodity Plan Retail Plan Dividend : 13.7 (Payout, Reinvestment & Sweep) Growth : 13.7 Global Precious Metals Plan Retail Plan Dividend : (Payout, Reinvestment & Sweep) Growth : Benchmark (for all plans) : Global Agri business index MSCI World index Dow Jones Precious Metals Index Average AUM Global Agri Plan : ` 8.4 Crores Global Multi Commodity Plan : ` Crores Global Precious Metals Plan : ` 2.98 Crores Load Structure (Incl for SIP) Exit Load** : 3% if redeemed / switched out within 3 days from the date of. For redemption/switchout of units after 3 days but before 365 days from the date of : 1.% of applicable NAV. For redemption/switch-out of units after 365 days from the date of : Nil. **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Global Agri Plan Standard Deviation : 22.73% Sharpe Ratio :.47 Beta :.85 Global Multi Commodity Plan Standard Deviation : 15.76% Sharpe Ratio : -.11 Beta :.87 Global Precious Metals Plan Standard Deviation : 23.66% Sharpe Ratio :.47 Beta :.71 An Open ended Growth Scheme with the objective to offer long term growth of capital, by investing in (1) stocks of commodity companies, i.e., companies engaged in or focusing on the specified commodity business and/or (2) overseas mutual fund scheme(s), that have similar investment objectives. These securities could be in India or overseas. (Global Agri Plan) Commodity Equities Fund - Global Agri Plan Retail - Growth Year Since Inception S&P Global Agriculture business index (Global Multi Commodity Plan) Agriculture Potash Corp of Saskatchewan Inc 2.98 CF Industries Holdings Inc 2.95 Deere & Co 2.91 Agrium Inc 2.86 Cosan Ltd 2.86 FMC Corp 2.59 Mosaic Co 2.42 Yara International ASA 2.75 Chaoda Modern Agriculture Holdings Ltd 2.6 Monsanto Co 2.26 Energy 3.8 Exxon Mobil Corp 5.1 Schlumberger Ltd 4.38 Apache Corp 3.41 Halliburton Co 3.21 Hess Corp 3.12 Marathon Oil Corp 2.95 Occidental Petroleum Corp 2.95 (Global Agri Plan) Foreign Equity Deere & Co 5.57 CF Industries Holdings Inc 4.73 Agrium Inc 4.49 Cosan Ltd 4.39 Potash Corp of Saskatchewan Inc 4.29 FMC Corp 4.25 Mosaic Co 4.2 Monsanto Co 4.7 AGCO Corp 3.25 CNH Global NV 2.94 Golden Agri-Resources Ltd 3.12 (Global Precious Metals Plan) Commodity Equities Fund - Global Precious Metal - Retail Growth Dow Jones Precious Metal Index Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more Year Since Inception Indofood Agri Resources Ltd 2.98 Noble Group Ltd 2.62 Cosan Sa Industria E Comercio 3.44 BRF - Brasil Foods SA 2.37 JBS SA 1.78 Chaoda Modern Agriculture Holdings Ltd 3.8 Sinofert Holdings Ltd 1.96 China Agri-Industries Holdings Ltd 1.95 Viterra Inc 3.27 Sino-Forest Corp 3.18 Incitec Pivot Ltd 2.66 GrainCorp Ltd 2.57 Chesapeake Energy Corp 2.47 Petroleo Brasileiro SA 3.19 Industrial Metal Freeport-McMoRan Copper & Gold Inc 1.96 Vale SA 1.96 Cliffs Natural Resources Inc 1.92 United States Steel Corp 1.6 Mechel 1.23 Anglo American PLC 1.6 Vedanta Resources PLC 1.33 Mount Gibson Iron Ltd 1.68 Teck Resources Ltd 1.39 Precious Metal Newmont Mining Corp 2.33 Barrick Gold Corp 2.23 Goldcorp Inc 2.15 Agnico-Eagle Mines Ltd 2.14 Yamana Gold Inc (Global Multi Commodity Plan) Commodity Equities Fund - Global Multi commodity - Retail Growth Year Since Inception MSCI World index Yara International ASA 3.82 K+S AG 3.62 Syngenta AG 2.71 IOI Corp Bhd 2.4 Namhae Chemical Corp 2.18 Kubota Corp 1.91 Cash & Cash Equivalents 6.28 Net receivables / payables -.1 Total Net 1. Silver Wheaton Corp 2. IAMGOLD Corp 1.69 Eldorado Gold Corp 1.67 Water 6.14 Danaher Corp.87 Nalco Holding Co.73 Pall Corp.7 IDEX Corp.65 Watts Water Technologies Inc.63 ITT Corp.63 Pentair Inc.55 Geberit AG.71 Veolia Environnement.68 Cash & Cash Equivalents 9.29 Net receivables / payables Total Net 1. (Global Precious Metals Plan) Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Foreign Equity Barrick Gold Corp 4.99 Newmont Mining Corp 4.83 Goldcorp Inc 4.3 Cia de Minas Buenaventura SA 4.2 Agnico-Eagle Mines Ltd 3.95 Silver Wheaton Corp 3.83 Hecla Mining Co 3.77 IAMGOLD Corp 3.56 Pan American Silver Corp 3.56 AngloGold Ashanti Ltd 3.54 Yamana Gold Inc 3.46 Eldorado Gold Corp 3.43 Golden Star Resources Ltd 3.4 Randgold Resources Ltd 3.34 Royal Gold Inc 3.3 Gold Fields Ltd 3.28 Kinross Gold Corp 3.19 Harmony Gold Mining Co Ltd 3.14 Centamin Egypt Ltd 3.4 Petropavlovsk Plc 2.68 Aquarius Platinum Ltd 2.67 Newcrest Mining Ltd 2.62 PanAust Ltd 2.29 Andean Resources Ltd 2.21 New Gold Inc 3.26 Alamos Gold Inc 2.43 Impala Platinum Holdings Ltd 2.19 Anglo Platinum Ltd 2.14 Umicore 3.8 Cash & Cash Equivalents.33 Net receivables / payables 4.16 Total Net 1. 41

39 Wealth Creation International Equity Fund - Plan A As on October 31, 21 Fund Manager : Mr. Mahesh Patil & Mr. Vineet Maloo Managing Fund Since : Since Inception Total Experience : 2 years / 5 years Date of inception : November 3, 27 Nature of the scheme : An Open-ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 8.86 (Payout, Reinvestment & Sweep) Growth : 8.86 Benchmark : S&P Global 12 Average AUM : ` Crores Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 14.51% Sharpe Ratio : -.32 Beta :.84 An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the international markets Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in International Equity Fund - Plan A... Investment Period Total Investment Year S&P Global International Equity Fund Plan A - Growth S&P Global 12 Value of SIP in Returns (%)* International Equity Fund - Plan A S&P Global 12 Since Inception International Equity Fund - Plan A Since Inception Last 1 year Date of First Installment : December 1, 27 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Foreign Equity United States of America Pride International Inc 3.5 Coach Inc 3.25 Abercrombie & Fitch Co 3.12 Coca-Cola Co 3.6 Northrop Grumman Corp 2.81 PPG Industries Inc 2.78 Teva Pharmaceutical Industries Ltd 2.71 Wal-Mart Stores Inc 2.68 Chubb Corp 2.61 Oracle Corp 2.35 Aetna Inc 2.21 Aeropostale Inc 2.2 Itau Unibanco Holding SA 2.15 Exxon Mobil Corp 2.11 Noble Corp 2.1 Taiwan Semiconductor Manufacturing Co Ltd 2.4 Foster Wheeler AG 1.97 BMC Software Inc 1.89 Microsoft Corp 1.79 International Business Machines Corp 1.75 Travelers Cos Inc/The 1.62 Cognizant Technology Corp 1.55 Accenture PLC 1.37 POSCO.93 Hewlett-Packard Co.68 Hong Kong Wharf Holdings Ltd 4.79 Industrial & Commercial Bank of China Asia Ltd 4.43 China Construction Bank Corp 4.23 MTR Corp 2.66 Jiangsu Expressway Co Ltd 2.23 Switzerland 4.98 Nestle SA 3.2 Roche Holding AG 1.95 Germany 4.1 Bayer AG 2.74 ThyssenKrupp AG 1.27 Norway 3.6 Statoil ASA 3.6 United Kingdom 2.5 Centrica PLC 2.5 Netherlands 2.49 Akzo Nobel NV 2.49 Denmark 2.28 Carlsberg A/S 2.28 France 2.15 Alstom SA 2.15 Spain 1.56 Iberdrola SA 1.56 Australia 1.35 Rio Tinto Ltd 1.35 Sweden 1.5 Tele2 AB 1.5 Singapore.99 Singapore Telecommunications Ltd.99 Cash & Cash Equivalents 1.71 Net receivables / payables Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 42

40 Wealth Creation International Equity Fund - Plan B As on October 31, 21 Fund Manager : Mr. Atul Penkar & Mr. Vineet Maloo Managing Fund Since : July 29, 21 / Since inception Total Experience : 1 years / 5 years Date of inception : November 3, 27 Nature of the scheme : An Open-ended Diversified Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : 9.93 (Payout, Reinvestment & Sweep) Growth : 9.93 Benchmark : Customised Index Average AUM : ` Crores A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio. Load Structure (Incl for SIP) Exit Load** : 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. Standard Deviation : 13.97% Sharpe Ratio :.94 Beta :.92 An open-ended diversified equity scheme with an objective to generate long-term growth of capital, by investing predominantly in a diversified portfolio of equity and equity related securities in the domestic and international markets Systematic Investment SIP is a powerful tool that can help you create wealth over time. If you had invested in International Equity Fund - Plan B... Investment Period Total Investment 1 Year International Equity Fund Plan B - Growth Customised Index 2.71 Customized Index+ Value of SIP in Returns (%)* International Equity Fund - Plan B Customised Index International Equity Fund - Plan B Since Inception Last 1 year Date of First Installment : December 1, 27 The data assumes the investment of `1,/- on 1st day of every month or the subsequent working day. Load and Taxes are not considered for computation of returns. Past performance may or may not be sustained in future. *CAGR Returns are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return) A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of portfolio Since Inception A customized benchmark created using BSE 2 to the extent of 65% of portfolio and S&P Global 12 to the extent of 35% of Portfolio. Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). Foreign Equity United States of America Pride International Inc 1.1 Coca-Cola Co.88 Abercrombie & Fitch Co.87 Coach Inc.84 PPG Industries Inc.76 Teva Pharmaceutical Industries Ltd.7 Northrop Grumman Corp.68 Itau Unibanco Holding SA.65 Wal-Mart Stores Inc.64 Chubb Corp.62 Aeropostale Inc.6 Oracle Corp.6 Aetna Inc.57 International Business Machines Corp.55 Exxon Mobil Corp.54 Noble Corp.54 Foster Wheeler AG.54 Taiwan Semiconductor Manufacturing Co Ltd.53 BMC Software Inc.49 Microsoft Corp.47 Travelers Cos Inc/The.44 Cognizant Technology Corp.42 Accenture PLC.37 POSCO.23 Hewlett-Packard Co.18 Hong Kong 4.87 Wharf Holdings Ltd 1.24 Industrial & Commercial Bank of China Asia Ltd 1.15 China Construction Bank Corp 1.9 MTR Corp.88 Jiangsu Expressway Co Ltd.52 Switzerland 1.39 Nestle SA.91 Roche Holding AG.48 Germany 1.16 Bayer AG.8 ThyssenKrupp AG.36 Norway.79 Statoil ASA.79 Denmark.73 Carlsberg A/S.73 United Kingdom.65 Centrica PLC.65 Netherlands.62 Akzo Nobel NV.62 France.53 Alstom SA.53 Spain.41 Iberdrola SA.41 Australia.34 Rio Tinto Ltd.34 Sweden.28 Tele2 AB.28 Singapore.27 Singapore Telecommunications Ltd.27 Domestic Equity Banks ING Vysya Bank Ltd ICICI Bank Ltd State Bank of India 2. HDFC Bank Ltd Allahabad Bank 1.76 Axis Bank Ltd IndusInd Bank Ltd..82 Software 7.23 Tata Consultancy Services Ltd Infosys Technologies Ltd Consumer Non Durables 5.82 ITC Ltd United Breweries Holdings Ltd Colgate-Palmolive (India) Ltd Industrial Capital Goods 5.53 Crompton Greaves Ltd Siemens Ltd Bharat Heavy Electricals Ltd Finance 4.75 ICRA Ltd HDFC Ltd Mahindra & Mahindra Financial Services Ltd Power 4.62 PTC India Ltd Reliance Infrastructure Ltd Kalpataru Power Transmission Ltd..95 GVK Power & Infrastructure Ltd..91 Petroleum Products 3.5 Reliance Industries Ltd. 3.5 Construction Project 3.7 Larsen & Toubro Ltd Nagarjuna Construction Company Ltd..88 Construction 3.4 J Kumar Infraprojects Ltd Sadbhav Engineering Ltd. 1.3 Ramky Infrastructure Ltd..85 Pharmaceuticals 2.85 Dr.Reddy's Laboratories Ltd Oil 2.84 Oil & Natural Gas Corporation Ltd Auto Ancillaries 2.43 Exide Industries Ltd Bosch Ltd. 1. Auto 2.33 Tata Motors Ltd Telecom-Services 2.23 Bharti Airtel Ltd Media & Entertainment 2.4 Hindustan Media Ventures Ltd. 1.2 Jagran Prakashan Ltd..84 Cement 1.78 Grasim Industries Ltd Ferrous Metals 1.15 Jindal Saw Ltd Non - Ferrous Metals 1.14 Hindalco Industries Ltd Cash & Cash Equivalents 5.51 Net receivables / payables Total Net 1. 43

41 Wealth Small & Cap Fund As on October 31, 21 Investment Style Value Blend Growth Size Large Small An Open ended Small and Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time. Fund Manager : Mr. Sanjay Chawla Managing Fund Since : July 29, 21 Total Experience : 22 years Date of inception : May 31, 27 Nature of the scheme : A open-ended Small & Cap Equity Scheme Default option : Dividend Payout Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Systematic Withdrawal : Not Available Plans / Options & NAV (As on October 29, 21) Dividend : (Payout & Reinvestment) Growth : Benchmark : S & P CNX cap Average AUM : ` Crores Load Structure (Incl. for SIP) l Exit Load** : Standard Deviation : 4.17% Sharpe Ratio : -.2 Beta :.92 1% if redeemed / switched out within 365 days from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment Small & cap Fund - Growth Banks ING Vysya Bank Ltd United Bank Of India 3.39 Oriental Bank of Commerce 3.24 The South Indian Bank Ltd Bank of Maharashtra 1.32 Consumer Non Durables 1.13 Radico Khaitan Ltd Glaxosmithkline Consumer Healthcare Ltd Zydus Wellness Ltd Bajaj Corp Ltd. 1. Marico Ltd..93 Construction 8.37 JMC Projects (India) Ltd HSIL Ltd Ramky Infrastructure Ltd DLF Ltd Auto Ancillaries 8.29 Wabco TVS India Ltd Sundaram-Clayton Ltd Power 6.55 Jyoti Structures Ltd PTC India Ltd Kalpataru Power Transmission Ltd Fertilisers 6.8 Zuari Industries Ltd Year 3 Years Since Inception 7.91 S & P CNX cap Portfolio Asset Allocation Aries Agro Ltd Chambal Fertilisers and Chemicals Ltd..87 Industrial Capital Goods 6.6 Hindustan Dorr-Oliver Ltd McNally Bharat Engineering Company Ltd Sterlite Technologies Ltd..89 Media & Entertainment 5.16 Jagran Prakashan Ltd Dish TV India Ltd Finance 4.4 ICRA Ltd. 4.4 Industrial Products 3.82 Greaves Cotton Ltd Transportation 3.76 Arshiya International Ltd Cox & Kings Ltd Pharmaceuticals 2.44 Pfizer Ltd Hotels 2.31 Indian Hotels Company Ltd Paper 2.25 Ballarpur Industries Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Consumer Durables 2.22 Whirlpool of India Ltd Pesticides 2.13 Rallis India Ltd Software 1.82 Geometric Ltd Ferrous Metals 1.76 Jindal Saw Ltd Textile Products 1.61 S. Kumars Nationwide Ltd..98 K. P. R. Mill Ltd..63 Auto 1.7 TVS Motor Company Ltd. 1.7 Chemicals.78 Solar Industries India Ltd..78 Cement.68 Century Textiles and Industries Ltd..68 Cash & Cash Equivalents 4.96 Net receivables / payables -.43 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 44

42 Wealth Creation India Reforms Fund As on October 31, 21 Fund Manager : Mr. Ankit Sancheti Managing Fund Since : Since Inception Total Experience : 11 years Date of inception : June 25, 21 Nature of the scheme : A open-ended Equity Scheme Default option : Dividend Reinvestment Fresh Purchase : ` 5/- Additional Purchase : ` 1/- Redemption Cheques : Within 1 working days Plans / Options & NAV (As on October 29, 21) Dividend : (Payout & Reinvestment) Growth : Benchmark : S&P CNX 5 Average AUM : ` Crores Load Structure (Incl of SIP) l Exit Load** : 1% if redeemed / switched out within 1 year from the date of **Exit Load is NIL for units in Bonus & Dividend Reinvestment. An Open ended Equity Scheme with an investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending Banks Federal Bank Ltd State Bank of India 3.21 IDBI Bank Ltd Syndicate Bank 2.36 United Bank Of India 2.7 Kotak Mahindra Bank Ltd. 2.2 ICICI Bank Ltd Fertilisers 15.6 Coromandel International Ltd Gujarat State Fertilizers & Chemicals Ltd 3.14 Zuari Industries Ltd. 3.2 Tata Chemicals Ltd Chambal Fertilisers and Chemicals Ltd Power PTC India Ltd GVK Power & Infrastructure Ltd Kalpataru Power Transmission Ltd Torrent Power Ltd CESC Ltd Transportation 6.39 Jet Airways India Ltd Spicejet Ltd IL&FS Transportation Networks Ltd. 1.1 India Reforms Fund - Growth S&P CNX 5 Portfolio Asset Allocation Retailing 6.14 Pantaloon Retail (India) Ltd Trent Ltd Shoppers Stop Ltd Trent Ltd. CCPS Series A.27 Trent Ltd. CCPS Series B.27 Future Mall Management Ltd. **.1 Industrial Capital Goods 5.67 Alstom Projects India Ltd Bharat Heavy Electricals Ltd McNally Bharat Engineering Co Ltd 1.56 Finance 5.17 IDFC Ltd. 2.7 Mahindra & Mahindra Financial Services Ltd ICRA Ltd..92 Rural Electrification Corporation Ltd..6 Petroleum Products 5. Hindustan Petroleum Corporation Ltd Bharat Petroleum Corporation Ltd Indian Oil Corporation Ltd. 1.1 Industrial Products 4.89 Jain Irrigation Systems Ltd Max India Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year. ** Represents thinly traded/ non traded securities and illiquid securities. Total Percentage of thinly/non traded securities is.1% Since Inception Construction 3.55 Mahindra Lifespace Developers Ltd JMC Projects (India) Ltd Oil 3.49 Oil & Natural Gas Corporation Ltd Gas 3.41 GAIL India Ltd Indraprastha Gas Ltd Pesticides 2.64 Rallis India Ltd Software 1.86 Everonn Education Ltd Media & Entertainment 1.79 Hathway Cable & Datacom Ltd Cash & Cash Equivalents 6.6 Net receivables / payables -.59 Total Net 1. 45

43 Wealth Creation Pure Value Fund As on October 31, 21 Investment Style Value Blend Growth Size Large A Closed-end Diversified Equity Scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open ended scheme. It seeks to generate consistent long term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy. Small Fund Manager : Mr. Ankit Sancheti Managing Fund Since : July 29, 21 Total Experience : 11 years Date of inception : March 27, 28 Nature of the scheme : A Close-ended Diversified Equity Scheme Year Since Inception Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Plans / Options & NAV (As on October 29, 21) Dividend : 17.7 (Payout & Reinvestment) Growth : Benchmark : BSE 2 Average AUM : ` Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 11.31% Sharpe Ratio : 3.33 Beta :.6 Pure Value Fund - Growth BSE 2 Banks The South Indian Bank Ltd United Bank Of India 3.1 State Bank of India 2.78 Oriental Bank of Commerce 2.78 ING Vysya Bank Ltd Allahabad Bank 1.47 Fertilisers 1.82 Coromandel International Ltd Zuari Industries Ltd Pesticides 7.2 Rallis India Ltd United Phosphorus Ltd Consumer Non Durables 6.98 Glaxosmithkline Consumer Healthcare Ltd Pharmaceuticals 5.91 Aventis Pharma Ltd Pfizer Ltd Oil 5.76 Oil & Natural Gas Corporation Ltd Great Offshore Ltd Industrial Capital Goods 5.5 Bharat Electronics Ltd Sanghvi Movers Ltd Gujarat Apollo Industries Ltd Sterlite Technologies Ltd..73 Industrial Products 4.48 FAG Bearings India Ltd Finolex Cables Ltd Transportation 4.6 The Great Eastern Shipping Company Ltd Gateway Distriparks Ltd Power 3.96 Jyoti Structures Ltd CESC Ltd PTC India Ltd..94 Petroleum Products 3.79 Indian Oil Corporation Ltd Hindustan Petroleum Corporation Ltd Bharat Petroleum Corporation Ltd. 1.1 Gas 3.78 Indraprastha Gas Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Paper 2.84 Tamil Nadu Newsprint & Papers Ltd Software 2.5 Polaris Software Lab Ltd. 2.5 Construction 2.11 JMC Projects (India) Ltd Construction Project 2.4 Nagarjuna Construction Company Ltd. 2.4 Ferrous Metals 1.85 Maharashtra Seamless Ltd Hotels.77 Asian Hotels East Ltd..77 Cash & Cash Equivalents 9.43 Net receivables / payables.7 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis. The fund has completed 1 year but yet to complete 3 years since its inception so the ratio is calculated on the basis of historical 1 year returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 46

44 Wealth Creation Long Term Advantage Fund As on October 31, 21 Investment Style Value Blend Growth Size Large A 5 years close ended scheme with automatic conversion to an open ended scheme upon maturity with the objective to provide longterm capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities. Small Fund Manager : Mr. Ankit Sancheti Managing Fund Since : July 29, 21 Total Experience : 11 years Date of inception : October 1, 26 Nature of the scheme : A 5 Years Close-ended Scheme Default option : NA Fresh Purchase : NA Additional Purchase : NA Redemption Cheques : NA Systematic Investment : NA Systematic Withdrawal : NA Systematic Transfer : NA Plans / Options & NAV (As on October 29, 21) Dividend : (Payout & Reinvestment) Growth : Benchmark : BSE Sensex Average AUM : ` 31.6 Crores Load Structure Entry Load : NA Exit Load : Nil Investors offering units for repurchase before maturity of the scheme / conversion of scheme into open ended scheme will be charged balance proportionate unamortized issue expenses on the applicable NAV. Standard Deviation : 32.21% Sharpe Ratio : -.8 Beta : Long Term Advantage Fund - Growth Banks State Bank of India 4.31 ICICI Bank Ltd. 3.3 HDFC Bank Ltd Oriental Bank of Commerce 2.75 Axis Bank Ltd. 2.5 Dena Bank 1.9 Allahabad Bank.73 United Bank Of India.54 Software 1.2 Infosys Technologies Ltd Tata Consultancy Services Ltd Patni Computer Systems Ltd Subex Ltd Industrial Capital Goods 8.74 Gujarat Apollo Industries Ltd Bharat Heavy Electricals Ltd McNally Bharat Engineering Co Ltd 1.95 BGR Energy Systems Ltd 1.23 Bharat Electronics Ltd Pesticides 6.23 Rallis India Ltd Auto Ancillaries 5.86 Bosch Ltd Exide Industries Ltd Year 3 Years Since Inception BSE Sensex.33 Construction Project 5.3 Larsen & Toubro Ltd Nagarjuna Construction Company Ltd Pharmaceuticals 5.3 Dr.Reddy's Laboratories Ltd Cipla Ltd Biocon Ltd Petroleum Products 4.33 Reliance Industries Ltd Hindustan Petroleum Corporation Ltd..58 Oil 3.97 Oil & Natural Gas Corporation Ltd Great Offshore Ltd. 1.1 Finance 3.85 HDFC Ltd Mahindra & Mahindra Financial Services Ltd Consumer Non Durables 3.62 ITC Ltd Bajaj Corp Ltd..25 Asian Paints Ltd..8 Industrial Products 3.38 FAG Bearings India Ltd Transportation 3.11 IL&FS Transportation Networks Ltd Past performance may or may not be sustained in future. Returns are in % and absolute returns for period less than 1 year & CAGR for period 1 year or more. Jet Airways India Ltd..98 Telecom-Services 2.72 Bharti Airtel Ltd Ferrous Metals 2.71 Maharashtra Seamless Ltd Auto 2.59 Tata Motors Ltd Textile Products 2.35 Kewal Kiran Clothing Ltd S. Kumars Nationwide Ltd..8 Gas 1.88 GAIL India Ltd Power 1.81 KEC International Ltd Cement 1.41 Kesoram Industries Ltd Construction 1.21 JMC Projects (India) Ltd Hotels.32 Indian Hotels Company Ltd..32 Cash & Cash Equivalents 1.84 Net receivables / payables -.46 Total Net 1. Standard Deviation, Sharpe Ratio & Beta are calculated on Annualised basis using 3 years history of monthly returns, source: MFI Explorer Risk-free rate assumed to be 6.8% (91 day T-bill yield As on October 29, 21). 47

45 N o v e m b e r 2 1 Dividend History (For select Schemes) DEBT SCHEMES Non Corporate Non Corporate Corporate DEBT SCHEMES Date Face Value Dividend Dividend Cum Dividend NAV (` per unit) (` per unit) (` per unit) Savings Fund - Institutional 27-Aug Monthly Dividend 24-Sep Oct Savings Fund - Retail 27-Aug Monthly Dividend 24-Sep Oct Ulttra Short Term Fund - 31-Aug Monthly Dividend 29-Sep Oct Dynamic Bond Fund - Retail 29-Sep Quartery Dividend 31-Dec Mar Jun Sep Income Plus 16-Jun Quarterly Dividend 15-Sep Dec Mar Jun Sep Dec Mar Income Fund- 17-Mar Half Yearly Dividend 16-Mar Mar Income Fund - 15-Sep Quarterly Dividend 15-Dec Mar Jun Sep Dec Mar Gilt Plus - Liquid Plan - 16-Mar Quarterly Dividend 15-Jun Sep Dec Mar Jun Sep Gilt Plus - PF Plan 16-Mar Quarterly Dividend 15-Jun Sep Dec Mar Jun Sep Gilt Plus - Regular Plan 15-Sep Quarterly Dividend 15-Dec Mar Jun Sep Dec Mar Govt. Securities - 15-Sep Long Term Dividend 15-Mar Sep Govt. Securities - 16-Mar Short Term Dividend 15-Jun Sep Dec Mar Jun Sep Short Term Opportunities Fund 27-Apr Jun Sep Dec Mar Jun Sep After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results.

46 N o v e m b e r 2 1 Dividend History (For select Schemes) MONTHLY INCOME & TAX SCHEMES Non Corporate Corporate MONTHLY INCOME SCHEMES Date Face Value Dividend Cum Dividend NAV Dividend ( ` per unit) ( ` per unit) (` per unit) Monthly Income - 31-Aug Monthly Dividend 29-Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Monthly Income - 3-Mar Quarterly Dividend 3-Jun Sep Dec Mar Jun Sep MIP - 28-Aug Monthly Dividend Plan 25-Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct MIP II - Wealth 25 Plan 31-Jul Monthly Dividend Plan 28-Aug Sep Oct Nov Dec Jan Feb Apr May Jun July Aug Sep Oct MIP II - Savings 5 Plan 31-Jul Monthly Dividend Plan 28-Aug Sep Oct Nov Dec Jan Feb Apr May Jun Jul Aug Sep Oct Tax Relief Jan Mar Mar Jun Aug Mar Tax Plan 21-Oct Dec Feb Mar Mar Mar Sep After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 49

47 N o v e m b e r 2 1 Dividend History (For select Schemes) EQUITY SCHEMES EQUITY SCHEMES Declared on date Dividend (` per unit) Face value (`) Cum Dividend NAV (` per unit) 5 Equity Fund Advantage Fund cap Fund (Plan A) Frontline Equity Fund (Plan A) Basic Industries Fund India GenNext Fund New Millennium Fund Top 1 Fund Buy India Fund MNC Fund Index Fund India Opportunities Fund Dividend Yield Plus '95 Fund Freedom Fund After payment of dividend, NAV will fall to the extent of the payout and statutory levy, if any. Past performance is no guarantee of future results. 21-Oct Mar Sep Mar Oct Feb Mar Aug Oct Mar Oct Mar Mar Dec Apr Sep Feb Aug Dec Oct Jan Feb Dec Dec Jun Jul Jan Jul Oct Feb Aug Jun Aug Jul Jan Aug Mar Jan Apr Jun Dec Jul Jul Jan Jul Sep Feb Sep Oct Mar Oct Sep Feb Sep Jan Aug Sep Feb Aug Oct Feb Mar Feb Oct Sep Sep Feb Aug Dec Mar Jul Oct Jan Apr Oct Apr Nov Jun Oct Feb Jun Oct Oct Mar Oct Mar Oct Mar May Oct Mar Oct Jan Jul Jan Jul

48 N o v e m b e r 2 1 Asset Allocation Guide Asset Allocation guide: This Asset Allocation guide helps you decide your broad allocation to equities at different market levels. The adjustment as per the recommended asset allocation may be done on a six monthly basis or whenever you review your portfolio Asset Allocation Guide Expensive Fair Discounted How it works? Lets see how it will help you in your wealth creation goals with the help of an illustration below. Assuming you are an Aggressive investor lets see how the allocation guide will work Mar-91 Sep-91 Mar-92 Sep-92 Mar-93 Sep-93 Mar-94 Sep-94 Mar-95 Sep-95 Mar-96 Sep-96 Mar-97 Sep-97 Mar-98 Sep-98 Mar-99 Sep-99 Mar- Sep- Mar-1 Sep-1 Mar-2 Sep-2 Mar-3 Sep-3 Mar-4 Sep-4 Mar-5 Sep-5 Mar-6 Sep-6 Mar-7 Sep-7 Mar-8 Sep-8 Mar-9 Sep-9 Mar-1 Seo-1 The graph plots month end values of BSE Sensex since March The Fair price boundaries have been decided by taking P/E of 1.5 & 18.5 as the lower & upper boundaries times the 1 year forward earnings of the Sensex. The values above the fair band has been assumed to be expensive & below the fair band has been assumed to be discounted. This is just a suggested band as per forward earnings estimate and should not be construed as a recommendation to buy or sell securities. Recommended Equity Asset Allocation at different market conditions for different types of investors Aggressive Moderate Conservative Expensive 5%-6% 3%-4% -1% Fair 6%-7% 4%-5% 1%-2% Discounted 7%-8% 5%-6% 2%-3% Oct-1 Start 6 months 12 months 18 months Fair Market After 6 Months market goes up but still in Fair range % Value in ` Actual Allocation % Value in ` Actual Allocation % After 12 Months market goes up to Expensive zone Value in ` Equity 6% 6, 65% % Debt 4% 4, 35% 42 25% 5148 Total Wealth 1, 119,4 2,592 After 18 Months market lands in Discounted zone Actual Allocation % Value in ` 35% % ,48 Recommended a llocation% Action Bring back allocation as per the suggested grid Value in ` 6% % ,4 Recommended a llocation% Action Reduce allocation to Equity as per the suggested grid Value in ` 5% % ,592 Recommended a llocation% Action Increase allocation to Equity as per thesuggested grid Value in ` 7% % ,48 Thus, we see that the asset allocation guide helps you Observe discipline in your asset allocation by periodic readjustment as per the suggested grid Buy low and book profits at high levels by increasing /decreasing exposure at different market conditions. The above example is to only demonstrate the working of the mentioned investment strategy. The above strategy actions are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. Any information contained above does not constitute and shall be deemed not to constitute an advice, an offer to sell/purchase or as an invitation to do so for any securities of any entity, and further Asset Management Company Ltd.(BSLAMC) / its subsidiaries/affiliates/sponsors/trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed herein. Recipients of the information contained herein should exercise due care and caution and read the offer documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Opinions expressed are not necessarily those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC. and its officers, employees, personnel, directors do not accept responsibility for the same. BSLAMC or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the content and hereby disclaim any liability with regard to the same. 51

49 N o v e m b e r 2 1 Mutual Fund Insight Date - November 21 Money Today Date - November 21 Mint Date - October 28, 21 52

50 N o v e m b e r 2 1 Value Research Ratings Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case of shortterm debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Each category must have a minimum of 1 funds for it to be rated. Effective, July 28, we have put an additional qualifying criteria, whereby a fund with less than Rs 5 crore of average AUM in the past six months will not be eligible for rating. Five-stars indicate that a fund is in the top 1% of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5%, middle 35% receive three stars, the next 22.5% are assigned two stars while the bottom 1% receive one star. The number of schemes in each category is mentioned along side the categories name. Equity: Large Cap (32), Equity: Large & Cap (52), Equity: Multi Cap (46), Equity: & Small Cap (46) Equity: Tax Planning (28), Equity: Infrastructure (13), Hybrid: Equity-oriented (25), Hybrid: Debt-oriented Aggressive (11), Hybrid: Debt-oriented Conservative (45), Hybrid: Arbitrage (14) Debt: Income (52), Debt: Gilt Medium & Long Term (33), Debt: Short Term (22), Debt: Ultra Short Term (114), Debt: Liquid (96). These Fund Ratings are as on October 31, 21. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. Past Performance is no guarantee of future results + ICRA mfaaa and mfa1+ Rating Methodology for Floating Rate (Short Term & Long Term) and Cash Plus Respectively Floating Rate Fund Short Term Plan & Floating Rate Fund Long Term Plan: The credit risk rating assigned to the schemes is mfaaa. The rating is the highest-credit-quality rating assigned by ICRA to debt funds. Cash Plus: The credit risk rating assigned to the scheme is mfa1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund s assets, ICRA uses the concept of credit scores, based on ICRA s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd. * AAAf: CRISIL AAAf Rating Methodology for Savings Fund, Income Plus, Cash Manager, Income Fund, Ultra Short Term Fund and Dynamic Bond Fund AAAf The fund s portfolio holdings provide very strong protection against losses from credit defaults. The credit quality ratings are based on an analysis of the fund s investment philosophy, its management, investment strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counterparty risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived scientifically from CRISIL s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd. ^^Crisil CPR Ranking Methodology & Disclaimer Frontline Equity Fund (Plan A): CRISIL~CPR 2-In Large Cap Oriented Equity Schemes Category (31 Schemes). Frontline Equity Fund (Plan A): CRISIL~CPR 2-Consistent CPR Performer - Equity (37 Schemes). Infrastructure Fund (Plan A): CRISIL~CPR 2 - In Thematic-Infrastructure Equity Schemes Category (14 Schemes) Basic Industries Fund: CRISIL~CPR 1 - In Thematic - Infrastructure Equity Schemes Category (14 Schemes) India GenNext Fund: CRISIL~CPR 2 -In Diversified Equity Scheme Category (74 Schemes). Dividend Yield Plus: CRISIL~CPR 1 -In Diversified Equity Scheme Category (74 Schemes). Buy India : CRISIL~CPR 2 -In Diversified Equity Scheme Category (74 Schemes). 95 Fund: CRISIL~CPR 2 -In Balanced Scheme Category (18 Schemes). 95 Fund: CRISIL~CPR 2 -Consistent CPR Performer - Balanced (14 Schemes). Income Plus: CRISIL~CPR 1 - Consistent CPR Performer - Debt (14 Schemes) Cash Plus - Institutional Plan: CRISIL~CPR 2 - In Liquid Institutional(16 Schemes) Cash Plus - Institutional Premium Plan: CRISIL~CPR 2 - In Liquid Super Institutional(18 Schemes) Ultra Short Term Fund - Retail Plan: CRISIL~CPR 2 - In Ultra Short Term Debt Scheme Category (4 Schemes). Ultra Short Term Fund - Inst Plan: CRISIL~CPR 2 - In Ultra Short Term Debt Scheme- Inst Category (27 Schemes). Medium Term Plan: CRISIL~CPR 2 - In Debt : Short Schemes (31 Schemes) Monthly Income: CRISIL~CPR 1 - In MIP Conservative Scheme Category (12 Schemes) MIP: CRISIL~CPR 1 - In MIP Conservative Scheme Category (12 Schemes) MIP II - Wealth 25 Plan: CRISIL~CPR 2 - In MIP Aggressive Scheme Category (21 Schemes) CRISIL~Composite Performance Ranking - (CRISIL~CPR) is the relative performance ranking of mutual fund schemes within the peer group. The criteria used for computing the ranking are AUM in excess of category cut-off limits & portfolio disclosure and performance in case of Liquid Plans, Liquid Institutional and Debt-Short Term Last 1 years; All other Schemes Last 2 years and 5 yrs CPR track record for consistent CPR Performers. Fund Ratings are as on 3 Sep 1. Ranking is done on the following parameters depending on scheme category. CRISIL~CPR 1 - indicates Very Good" performance & ranks within top 1 percentile of the respective category. CRISIL~CPR 2 - indicates Good" performance & ranks within top 11th - 3th percentile of the respective category. Parameters Scheme Category Superior Return Score Large Cap Oriented Equity, Thematic - Infrastructure Equity, Diversified Equity, Small and cap, ELSS, Balanced, Debt, MIP (Aggressive & Conservative), Gilt-Long and Consistent CPR Performers Equity, Balanced and Debt Mean Return and Volatility Debt-Short, Ultra Short Term Debt, Liquid, Liquid Institutional & Liquid Super Institutional and Consistent CPR Performers - Liquid Portfolio Concentration Analysis All Schemes Liquidity Analysis All Schemes Asset Quality Debt Schemes Average Maturity Debt Schemes Downside Risk Probability Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional Asset Size Debt- Short Term, Liquid, Ultra Short Term Debt, Liquid- Institutional & Super Institutional Historic performance on CRISIL~CPR Consistent CPR Performer Equity, Balanced, Debt and Liquid categories Ranking Source: Crisil FundServices, CRISIL Limited & Lipper Awards India 21 - Award Methodology & Disclaimers: LIPPER Awards India 21: Award Methodology & Disclaimers: Asset Allocation Fund-Moderate Plan-Growth: Best Fund over past 3 year period (26-29) and 5 year period (24-29) No. of Schemes: 6; Classification-Mixed Asset INR Balanced. The award is based on Consistent Return (Effective Return) value over the relevant performance period. Entry/Exit load not considered. For further details on methodology, please refer Past Performance is no guarantee of future results. Ranking source: Lipper - A Reuter Co. For further details on our Funds, please contact our Customers Service Centres at details given below. IDEA Toll Free No & the centralised TOLL no AGRA JAIPUR PANJIM AHMEDABAD JALANDHAR PATIALA AJMER JAMSHEDPUR PONDICHERY ALWAR JODHPUR PUNE AMRITSAR KANPUR RAIPUR AURANGABAD KOLHAPUR RAJKOT BARODA KOTA RANCHI BELGAUM LUCKNOW SALEM BHILLAI LUDHIANA SHIMLA BHOPAL MADURAI SILIGURI CALICUT MANDIGOBINDGARH SURAT CHENNAI (Adiyar) MANGALORE TRICHY COIMBATORE MEERUT UDAIPUR DEHRADUN MORADABAD VALSAD DHANBAD MUMBAI (Borivali) VARANASI ERODE MUMBAI (Ghatkopar) VASHI GURGAON MUMBAI (Churchgate) VIJAYWADA HYDERABAD (Abids) NAGPUR VISAG INDORE NASIK BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. BRANCHES ALLAHABAD : / AMBALA : AMRAVATI : ANAND : BANGALURU (Jayanagar) : BANGALURU (Malleswaram) : BANGALURU(Cunningham House Rd) : / 2 / 3 BHAVNAGAR : BHUBANESHWAR : / 3413 CHANDIGARH : CHENNAI (Anna Nagar) : / 1 / 2 / 4 / 6 CHENNAI (Egmore) : / 78 / 715 / 699 COCHIN : / / DELHI : DURGAPUR : / 19 / GUWAHATI : / GWALIOR : / 378 HUBLI : / JAMMU : JAMNAGAR : KOLKATA : / 4 / 5 MADURAI : / 83 MARGAO : MATHURA / 6959 MEHASANA : / 16 MUMBAI (Head Office) : MYSORE : / 1 / 2 NOIDA : PATNA : / 66 THANE : / 1 TRIVANDRUM : VAPI : / 6 VISHAKAPATNAM : / 8 JABALPUR PANIPAT Disclaimer: Any information contained in this publication does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity and further, Asset Management Company Ltd.(BSLAMC)/ its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the all the scheme related documents (including if necessary, obtaining the advice of tax / legal / accounting / financial / other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. Editorial opinions expressed in the 'Connect' are not necessarily those of BSLAMC or any of their officers, employees, personnel, directors and BSLAMC and its officers, employees, personnel, directors do not accept responsibility for the editorial content. BSLAMC or any of its officers, employees, personnel, directors make no representation as to the accuracy, completeness or reliability of the editorial content and hereby disclaim any liability with regard to the same. Statutory Details: Constitution: Mutual Fund (BSLMF) has been set up as a Trust under the Indian Trust Act, Sponsors: Aditya Birla Financial Services Private Limited and Sun Life (India) AMC Investments Inc. (liability restricted to seed corpus of ` 1 Lac). Trustee: Trustee Company Pvt. Ltd. Investment Manager: Asset Management Company Ltd.Risk Factors: Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units under the Scheme may go up or down depending on the various factors and forces affecting capital markets and money markets. Past performance of the Sponsor / Investment Manager / Mutual Fund does not indicate the future performance of the Schemes and may not necessarily provide a basis of comparison with other investments. The names of the Schemes do not, in any manner, indicate either the quality of the Schemes or their future prospects or returns. Unitholders in the schemes are not being offered any guaranteed/assured returns. Investors should read the Statement of Additional Information / Scheme Information Document/ Key Information Memorandum available at Investor Service Centers and with distributors carefully before investing. The Material provided in the Connect cannot be reproduced or quoted anywhere without express permission from Asset Management Company Ltd. 53

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