Aditya Birla Sun Life Mutual Fund - June 2018

Aditya Birla Sun Life Mutual Fund - June 2018

Aditya Birla Sun Life Mutual Fund - June 2018
Aditya Birla Sun Life Mutual Fund - June 2018

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com The bygone month witnessed volatility on the back of rising oil price, foreign outflows, and also due to the fear of earnings cycle not inching up. Due to these events there is a divergence in Large and Midcap sectors. According to the past trend, Every year the month of May always remains to be a bit uncertain. All indications are that it will be a normal monsoon for the coming season and we have already welcomed monsoons in Kerala recently. Going forward, good monsoons should help to moderately recover the broad economy.

During this time, Interest rate cycle also turned out to be volatile with the borrowing costs going up significantly. As you all know, SEBI (Regulator of capital markets and mutual funds) to bring in standardisation in the definitions of schemes and create a uniform template of communication for the industry shared circular to all mutual fund players. The objective was to streamline the MF industry, product positioning and alignment of schemes according to their investment pattern. When it all began?

In the year 2015, AMFI with the help of erstwhile SEBI chairman made a representation to the Ministry of Finance and requested to consider that any transfer of unit or units that happens in the process of Consolidating Scheme of a mutual fund, will not be treated as transfer and will not result in short term / long term capital gain / loss in the hands of the unit holders. While this move was to make it more tax efficient for the investors but the larger purpose was to encourage consolidation of existing schemes. Looking at the larger interest of the investors and the need of the industry, the Ministry agreed to the proposal in all fairness.

Post which there was a provision made under ‘The Finance Act, 2015’ Section 47, to provide tax neutrality on transfer of units of a scheme under the process of consolidation of schemes of Mutual Funds as per SEBI (Mutual Funds) Regulations, 1996.

While the investors got benefitted from this amendment, the larger purpose of reducing or curtailing the growing number of schemes did not transpire. Investors too had a tendency to get attracted towards new fund launches. But, over a period of time through continuous Investor education events and improved understanding of investments, the investor behaviour changed. They started accepting the existing schemes irrespective of the NAV at which it was being offered and money started coming into the existing open ended funds. Therefore the need for launching a new fund also got reduced, both from an investor and distributor point of view.

This increased acceptance is well coinciding with the current consolidation exercise which has a clear goal and standardised definition. Sebi has now defined 10 categories of equity funds, 16 categories of debt funds, 6 categories of hybrid funds, 2 categories of solutions- based funds and 1 category each for index funds/exchange-traded funds (ETF) and fund of funds (FOF)—a total of 36 categories. What’s in it for Investors/Distributors?

The re-categorisation exercise has investors and distributors at the heart of it, so as to simplify the process of fund selection and investment. With the clear definitions, duration bands (average maturity of a fixed income portfolio) and the perfect tag line, the distributor is empowered to guide to make an informed choice. Once this classification exercise is completed, this will enhance the ease of comparing funds across industry. Distributors can help in offering the right products to the customer and also make them understand the purpose of the fund clearly. This is of course a unique exercise conducted by the Indian mutual fund industry and SEBI which is first of its kind in the world.

The Indian regulator is ahead of the curve and has always been proactive in streamlining the Indian capital market and protecting the best interests of investors and distributors on many areas. There is much to compliment SEBI as well as the entire industry in the manner this has been thought out and executed.

What’s in it for the MF industry? The exercise is taking place at a time when the industry is at the cusp of big growth. The next round of growth for the industry will come from what we are doing now. Going forward the money managers will have to operate within the defined parameters which will be a bit more tighter than the current practice. It also gives clarity and a level of comfort for them to follow a set of guidelines in identifying securities. While it sets the practice of managing the portfolio and generating alpha not only on the basis of market cap investing but also purely on the basis of stock selection differentiation and individual capability, to select the right sectors and stocks.

Operating with a clear mandate and set of standardised parameters will not only increase the probability in forecasting accurately but also caps the downside risk.

A Balasubramanian CEO Perspective I

Aditya Birla Sun Life Mutual Fund - June 2018

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com The month of May was primarily driven by discussions on increase in Oil price due to US pulling out of the Iran deal and as a result Indian rupee coming under pressure. The brent crude briefly touched the USD 80 / bbl mark before closing the month with a 3.2% gain. The rupee has briefly crossed 68 during the month to close 1.5% weaker. During the month, some of the emerging markets were under severe pressure. The currencies of Argentina and Turkey fell in double digits.

Mexico, Brazil, Hungary and Poland saw their currencies correct by over 5%. Considering the EM stress, INR has done well.

The weakness of the currency and additional surveillance on some stocks led to the tale of two market capitalizations in terms of performance. The large cap index, Nifty50, remained flat, while both the midcap and smallcap indices declined over 6% each. FII flows were negative in May with a USD 1.5 Bn outflow in equities and a USD 2.6 Bn outflow in the debt market. However, DIIs remained net equity buyers for the 14th consecutive month at USD 2 Bn in May. Coming to the macro front for India, we have a mixed bag. The positives are: India’s Q4FY18 GDP came in above expectations at 7.7% driven by a pickup in investment activity and government • consumption expenditure.

Private consumption and exports have been weak but should rebound shortly. IMD has predicted a normal monsoon for the year.

• However, there are some concerns, such as: • GST collections for May’18 dropped to INR 94,000 Cr., after crossing ` 1 lakh Cr. in April. • IIP growth for Mar’18 moderated to a five-month low of 4.4%, significantly lower than expectations, led largely by a slowdown in manufacturing. • CPI inflation rose more than expected to 4.6% in April from 4.3% in March. • Trade deficit was flat in April at USD 13.7 billion, mainly due to surprisingly lower oil imports, despite an 8% oil price increase. However, given the leads and lags involved, oil price increase will eventually translate into higher oil imports.

Among the global developments, US President Trump continues his flip flop on issues such as meeting North Korean leader Kim Jong Un, imposing tariffs on metal imports from some earlier friendly nations and reiterates reducing trade balance with China. South Korea increased wages across the working class by 18% which is good for consumption but would impact corporate profitability. There has been political confusion in Italy leading to a scare that Italy could eventually exit EU but things have gotten under control over the last few days.

Coming to the equity market view: Among the 500 of the BSE500 stocks, half of them lost over 25% in the recent correction of which 90% belongs to small and midcap segment. We are looking at some companies that have good earnings visibility and are available at reasonable valuation after the correction. Though FY18 has ended with single digit earnings growth, there are indications of a much better FY19 earnings growth. Thank you and Happy investing! USD: United States Dollar; YTD: Year To Date; FPI: Foreign Portfolio Investors; DII: Domestic Institutional Investors; WPI: Wholesale Price Index; CPI: Consumer Price Index; GDP: Gross Domestic Product; GVA: Gross Value Added; GST: Goods and Sales Tax; EPS: Earnings per share; EU: European Union; Investment Outlook- Equity II

Aditya Birla Sun Life Mutual Fund - June 2018

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Growth Most high frequency indicators suggest some moderation of growth momentum. It needs to be noted that the recent data points also enjoy a very comfortable base given the pre GST slowdown in Q1 FY18. Steel consumption however has scaled new highs hinting at strong undercurrents to the recovery in the investment cycle. Railway freight also posted very strong growth even as port cargo growth declined slightly from the highs. Recent employment data also suggests continued positive momentum despite PMI services declining for the third time since Nov 2017.

Manufacturing PMI has also settled lower from the post GST highs, but continues to show steady expansion. Fuel consumption has come off from peak but continues to grow faster than long term average levels.

IIP growth for March declined to 4.4% y-y (7.0 % y-y in Feb), partially on adverse base. Capital goods growth declined to -1.8% y-y, again on adverse base, but infrastructure and construction at 8.8% y-y was strong. On consumption side, consumer non-durable grew at a strong 10.9% y-y but growth in durables remained muted at 2.9% y-y. Passenger vehicle sales have stabilized around long term median levels even as two wheeler and commercial vehicle sales continued to grow at a rapid pace. (Source: CEIC) Inflation Inflation at 4.58% was a negative surprise in many ways. While the headline number itself was a mild surprise, the discomfort arose more from the quality of the data.

“Core inflation” as defined by us rose sharply second month in a row. While it has shown a spike previously also for a month or so for various idiosyncratic reasons, sharp rise for two months in a row is a very worrying signs. We have enjoyed a benign inflationary environment for almost 3-4 years and hence should be extra vigilant for any negative surprise. In last couple of weeks we have seen rise in both cereals and veggies prices while the rise in veggies is seasonal and hence not a cause of worry, the same cannot be said for cereal prices and hence should be monitored. Negative surprises in most front as far as inflation is concerned means that there is a risk of June print trending towards 5.75%.

(Source: RBI, MOSPI) External account India’s trade deficit remained flat m-m at US$13.7bn in April with both exports and imports declining, partially on seasonality. Gold imports remained flat while oil imports declined marginally. Jan to April trade data suggest CAD running at run-rate of 2% of GDP, which we expect to rise towards 2.5-3% levels due to higher crude price and increasing domestic demand. Capital outflows continued in both equity and bond markets, with outflows of US$1.4 and US$2.6bn, respectively. Global backdrop of capital inflows to EM markets looks less promising with rising USD funding cost amidst high EM debt levels.

Given the rising CAD and subdued capital inflows, INR continued to face depreciating pressure, partially offset by RBI interventions. (Source: CEIC) Other developments RBI MPC delivered the anticipated 25bp rate hike in a surprisingly emphatic 6-0 vote, while reiterating its commitment to achieving the medium term headline inflation target of 4% on a durable basis. However, it retained the “neutral stance” signalling that it’s not intending to embark on long monetary policy hike cycle and remains data dependent.

The policy statement cited rising oil prices, higher household inflation expectation, higher core inflation momentum, signs of stronger growth and closing output gap as the main reason for the decision to hike rates. RBI also cautioned against fiscal profligacy to ensure that public finances do not crowd out private investments. The RBI retained its GDP growth projection of 7.4% y-o-y in FY19, while CPI inflation forecast was revised upwards to 4.8-4.9% y-o-y in H1FY19 (from 4.7-5.1%) and H2 projection revised up to 4.7% (from 4.4%). We believe that the rate hike had become important to signal RBI’s commitment to 4% inflation given the upside inflation risk (higher crude price, rising core inflation, MSP hike and weaker INR) and would help in anchoring long term inflationary expectations.

US 10 year yields spiked to 3.11% in mid-May, before declining sharply owing to political developments in Italy and not-so-hawkish minutes of US Fed. Crude price also corrected in second half of May following comments from Saudi and Russia regarding discussion on boosting output in OPEC’s June 22 meeting. DXY rally to 95 level, as Euro came under pressure owing to political development in Italy, before coming off on easing pf political stalemate in Italy. With global dollar debt at record high and USD funding cost elevated, USD strength needs to be carefully watched. DM equities remained supported while volatility edged lower before spiking towards May end.

EM equities trended downwards in the month. (Source: Bloomberg) Portfolio positioning After a period of heightened volatility we saw relative stability in the Govt bond market as it remained in a range. Corporate bond curve on the other hand saw a big sell-off as we saw a sharp spike across tenors. While 1yr CD moved by 55 bps during the month, 5 yr AAA PSU also moved by 40 bps basis during the month. Worsening of inflation data coupled with heightened uncertainty globally meant that RBI hiked rate in the new month. Markets have been discounting this rate hike for quite some time and hence while we saw a sell-off post the hike it was limited in its extent.

The evolution of local macro-economic data would be the mover for the market and in that context the recent worsening of inflation data compels us to be cautious. Looking ahead we look to capture any opportunity tactically on the liquid portion of the curve while broadly remaining very cautious on overall portfolio positioning.

USD: United States Dollar; RBI: Reserve Bank of India; MPC: Monetary Policy Committee; CAD: Current Account Deficit; EM: Emerging Markets; CSO: Central Statistical Organisation; IIP: Index of Industrial Production; GVA: Gross Value Added; PMI: Purchasing Managers’ Index’; PSU: Public Sector Undertaking Investment Outlook- Debt III

Aditya Birla Sun Life Mutual Fund - June 2018

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Funds at a Glance SAVINGS SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment.

PLAN^ OPTION Aditya Birla Sun Life Liquid Fund Regular Plan Daily Dividend (Reinvestment) Daily Dividend Reinvestment ` 1,000/- Nil Weekly Dividend (Payout / Reinvestment) Direct Plan Dividend (Payout / Reinvestment) Growth Aditya Birla Sun Life Money Manager Fund Regular Plan Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Growth Daily Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Low Duration Fund Regular Plan Daily Dividend (Reinvestment) Daily Dividend Reinvestment ` 500/- Nil Direct Plan Weekly Dividend (Reinvestment) Growth Aditya Birla Sun Life Savings Fund Regular Plan Daily Dividend (Reinvestment) Weekly Dividend (Payout / Reinvestment) Growth Daily Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Floating Rate Fund - Long Term Plan Regular Plan Daily Dividend (Reinvestment) Weekly Dividend (Reinvestment) Growth Daily Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Arbitrage Fund Regular Plan Dividend (Payout / Reinvestment /Sweep) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 30 days from the date of allotment: 0.50% of applicable NAV For redemption/switch out of units after 30 days from the date of allotment: Nil.

Direct Plan Aditya Birla Sun Life Corporate Bond Fund Regular Plan Monthly Dividend (Payout/Reinvestment/ Sweep) Dividend (Payout/Reinvestment/Sweep) Growth Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Short Term Opportunities Fund Regular Plan Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Growth Growth ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV.

For redemption /switch-out of units after 90 days from the date of allotment: Nil. (w.e.f June 15, 2017) Direct Plan Aditya Birla Sun Life Banking & PSU Debt Fund Regular Plan Monthly Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment) Growth Monthly Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Medium Term Plan Regular Plan Quarterly Dividend (Payout / Reinvestment) Half Yearly Dividend (Payout / Reinvestment) Dividend (Payout / Reinvestment /Sweep) Growth Growth ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.

Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016) Direct Plan Aditya Birla Sun Life Credit Risk Fund Regular Plan Dividend (Payout / Reinvestment) Growth ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switchout of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption / switchout of units after 365 days from the date of allotment: Nil (w.e.f. May 27, 2017) Direct Plan Growth Aditya Birla Sun Life Dynamic Bond Fund Regular Plan Monthly Dividend Sweep ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil (w.e.f.

October 10, 2016) Monthly Dividend (Payout / Reinvestment /Sweep) • Choice of Option : Quarterly Dividend • Choice of Sub-Option : Dividend Reinvestment Direct Plan Quarterly Dividend (Payout / Reinvestment /Sweep) Growth Dividend (Payout / Reinvestment /Sweep) Aditya Birla Sun Life Income Fund Regular Plan Dividend (Payout / Reinvestment) Quarterly Dividend (Payout / Reinvestment) Growth Dividend Reinvestment ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Government Securities Fund Regular Plan Quarterly Dividend (Payout / Reinvestment /Sweep) Growth (Quarterly Gain / Annual Gain) Growth ` 1,000/- Nil Direct Plan Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Regular Plan Dividend (Payout/Reinvestment) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: Nil Direct Plan Aditya Birla Sun Life Financial Planning FOF - Conservative Plan Regular Plan Dividend (Payout/Reinvestment) Growth Dividend Reinvestment ` 1,000/- If redeemed within and including 1 year from the date of allotment: 1% If redeemed after 1 year from the date of allotment : Nil Direct Plan Aditya Birla Sun Life Financial Planning FOF Prudent Plan Regular Plan Dividend (Payout/Reinvestment) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/switch out of units after 365 days from the date of allotment: Nil Direct Plan IV The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. ^ Eve Tuesday of the week and next business day in case that day is a non-business day. ^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.

**Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

@ Last Friday day of the month and penultimate business day if that day is March 31 of any Financial Year.

Pursuant to SEBI circular nos. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 04, 2017 on “Categorization and Rationalization of Mutual Fund Schemes”, certain Schemes of Aditya Birla Sun Life Mutual Fund (“the Fund”) have undergone changes in Name, Fundamental Attributes and Mergers (as applicable). For details, refer to Notices dated April 14, 2018 and April 28, 2018 available on the website of the Fund www.adityabirlasunlifemf.com

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Name of Scheme This product is suitable for investors who are seeking*: Riskometer Aditya Birla Sun Life Liquid Fund (formerly known as Aditya Birla Sun Life Cash Plus) (An Open ended Liquid Scheme) reasonable returns with high levels of safety and convenience of liquidity over short term • investments in high quality debt and money market instruments with maturity of upto 91 days only • Investors understand that their principal will be at Low risk Aditya Birla Sun Life Money Manager Fund (formerly known as Aditya Birla Sun Life Floating Rate Fund – Short Term Plan) (An open ended debt scheme investing in money market instruments) reasonable returns with convenience of liquidity over short term • investments in money market instruments with maturity of upto 1 year • Investors understand that their principal will be at Moderately Low risk Aditya Birla Sun Life Low Duration Fund (formerly known as Aditya Birla Sun Life Cash Manager) (An open ended low duration debt scheme investing in instruments such that Macaulay duration of the portfolio is between 6 months and 12 months) reasonable returns with convenience of liquidity over short term • investments in a basket of debt and money market instruments of short maturities • Aditya Birla Sun Life Savings Fund (An open ended ultra-short term debt scheme investing in instruments such that Macaulay duration of the portfolio is between 3 months and 6 months) reasonable returns with convenience of liquidity over short term • investments in debt and money market instruments • Aditya Birla Sun Life Floating Rate Fund - Long Term Plan (An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives) income with capital growth over short term • investments in a mix of fixed and floating rate debt and money market instruments • Aditya Birla Sun Life Arbitrage Fund (formerly known as Aditya Birla Sun Life Enhanced Arbitrage Fund) (An open ended scheme investing in arbitrage opportunities) income over short term • investments in equity and equity related securities including derivatives for taking advantage from • the price differentials/mis-pricing prevailing for stock/index in various segments (Cash & Futures) Investors understand that their principal will be at Moderate risk Aditya Birla Sun Life Corporate Bond Fund (formerly known as Aditya Birla Sun Life Short Term Fund) (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) income with capital growth over short term • investments in debt and money market instruments • Investors understand that their principal will be at Moderately Low risk Aditya Birla Sun Life Short Term Opportunities Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1-3 years) Income with capital growth over short term • investments in debt and money market instruments • Investors understand that their principal will be at Moderate risk Aditya Birla Sun Life Banking & PSU Debt Fund (formerly known as Aditya Birla Sun Life Treasury Optimizer Plan) (An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds) Generation of reasonable returns and liquidity over short term • investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial • Institutions in India Investors understand that their principal will be at Moderately Low risk Aditya Birla Sun Life Medium Term Plan (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3-4 years) Income with capital growth over medium term • investments in debt and money market instruments • Investors understand that their principal will be at Moderate risk Aditya Birla Sun Life Credit Risk Fund (formerly known as Aditya Birla Sun Life Corporate Bond Fund) (An open ended debt scheme predominantly investing in AA and below rated corporate bonds) Income with capital growth over short to medium term • Investment in portfolio of corporate debt securities with short to medium term maturities across • the credit spectrum within the investment grade.

Aditya Birla Sun Life Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration) Income with capital growth • investments in actively managed portfolio of debt and money market instruments including • government securities Aditya Birla Sun Life Income Fund (formerly known as Aditya Birla Sun Life Income Plus) (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4-7 years) Income with capital growth over medium to long term • investments in debt and money market instruments • Aditya Birla Sun Life Government Securities Fund (formerly known as Aditya Birla Sun Life Gilt Plus - PF Plan) (An open ended debt scheme investing in government securities across maturity) income with capital growth over medium to long term • investments exclusively in Government Securities • Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme (An open ended fund of funds scheme investing in dynamically managed portfolio of Debt Funds) Capital appreciation in the long term • Investment in a dynamically managed portfolio of debt funds • Aditya Birla Sun Life Financial Planning FOF - Conservative Plan (An open ended fund of funds scheme investing in a portfolio of mutual fund schemes (predominantly in Liquid/Money Market Funds and Debt Funds) Capital appreciation through strategic asset allocation which is based on satisfying the needs to a • specific risk-return profile (Conservative) of investors in the long term Investment in portfolio of mutual fund schemes (predominantly in liquid / money market funds & • debt funds) Aditya Birla Sun Life Financial Planning FOF - Prudent Plan (An open ended fund of funds scheme investing in a portfolio of mutual fund schemes (predominantly in a combination of Equity Funds, Liquid/Money Market Funds and Debt Funds) Capital appreciation through strategic asset allocation which is based on satisfying the needs to a • specific risk-return profile (Prudent) of investors in the long term Investment in portfolio of mutual fund schemes (predominantly in a combination of equity funds, • liquid / money market funds & debt funds) Investors understand that their principal will be at Moderately High risk *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Product Labelling Disclosures V

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Funds at a Glance REGULAR INCOME SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Aditya Birla Sun Life Regular Savings Fund Regular Plan Monthly Dividend (Payout / Reinvestment /Sweep) Monthly Payment Growth • Choice of Option : Growth • Choice of Sub-Option within Monthly Dividend Option : Dividend Reinvestment ` 500/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% ofapplicable NAV.

For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016) Direct Plan ^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor.

The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. **Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan. Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

VI The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. ^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan.

Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

# The Dividend Reinvestment Facility under the scheme have been discontinued w.e.f. February 12, 2015. Please refer addendum no. 07/2015 dated February 09, 2015 for further details. TAX SAVINGS SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Aditya Birla Sun Life Tax Relief ‘96# Regular Plan Dividend (Payout/Sweep) Dividend Payout ` 500/- Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Tax Plan# Regular Plan Dividend (Payout/Sweep) NA as the scheme does not accept fresh subscriptions / Switch-in Nil (w.e.f.

May 15, 2017) Direct Plan Growth WEALTH SOLUTIONS SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Aditya Birla Sun Life Equity Savings Fund Regular Plan Dividend (Payout, Reinvestment & Sweep) Growth Dividend Reinvestment ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil. (w.e.f. May 27, 2017) Direct Plan Aditya Birla Sun Life Balanced Advantage Fund Regular Plan Dividend (Payout/ Reinvestment) Growth Dividend Reinvestment ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. October 10, 2016) Direct Plan Aditya Birla Sun Life Equity Hybrid ‘95 Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 500/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment. Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Index Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Frontline Equity Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Growth Dividend Reinvestment ` 500/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f.

May 15, 2017) Direct Plan Aditya Birla Sun Life Focused Equity Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Equity Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 500/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Equity Advantage Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life MNC Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Pursuant to SEBI circular nos. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 04, 2017 on “Categorization and Rationalization of Mutual Fund Schemes”, certain Schemes of Aditya Birla Sun Life Mutual Fund (“the Fund”) have undergone changes in Name, Fundamental Attributes and Mergers (as applicable). For details, refer to Notices dated April 14, 2018 and April 28, 2018 available on the website of the Fund www.adityabirlasunlifemf.com

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Name of Scheme This product is suitable for investors who are seeking*: Riskometer Aditya Birla Sun Life Regular Savings Fund (formerly known as Aditya Birla Sun Life MIP II – Wealth 25 Plan) An open ended hybrid scheme investing predominantly in debt instruments regular income with capital growth over medium to long term • investments in debt and money market instruments as well as equity and equity related securities [10-25%] • Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Tax Relief ‘96 (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) long term capital growth • investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility • Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Tax Plan (An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years) long term capital growth • investments in equity and equity related securities, with tax benefit under section 80C, subject to eligibility • Aditya Birla Sun Life Capital Protection Oriented Fund - Series 22 (A Close ended Capital Protection Oriented Scheme) capital protection and capital appreciation linked to equity market at the end of medium / long term tenure • investments in highest rates debt and money market instruments maturing on or before the tenure of the • scheme and equity and equity related securities Investors understand that their principal will be at Moderately Low risk Aditya Birla Sun Life Capital Protection Oriented Fund - Series 29 & 30 (A Close ended Capital Protection Oriented Scheme) capital protection and capital appreciation linked to equity market at the end of medium / long term tenure • investments in highest rated debt and money market instruments maturing on or before the tenure of the • scheme and exposure to derivative instruments (long call options) Aditya Birla Sun Life Emerging Leaders Fund - Series 3,4,6 &7 (A Close ended Equity Scheme) long term capital growth • investments in equity and equity related securities predominantly in small & midcap companies.

• Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Focused Equity Fund- Series 6 (A Close ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013) long term capital growth • investments in equity securities specified as Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, • 2013, as amended from time to time Aditya Birla Sun Life Dual Advantage Fund – Series I (A Close ended Hybrid Scheme) Income and capital appreciation • Investments primarily in Debt and Money market instruments for regular returns & Equity and equity related • instruments for capital appreciation Aditya Birla Sun Life Resurgent India Fund - Series 1 to 3 (A Close ended Equity Scheme) Income and capital appreciation • Invests primarily in equity and equity related securities that are likely to benefit from recovery in the Indian • economy.

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Product Labelling Disclosures VII

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com The Financial Solution(s) stated above is ONLY for highlighting the many advantages perceived from investments in Mutual Funds but does not in any manner, indicate or imply, either the quality of any particular Scheme or guarantee any specific performance/returns. ^Direct Plan under the Schemes is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. **Default Plan: In case Distributor code is mentioned in the application form, but “Direct Plan” is indicated against the Scheme name, the Distributor code will be ignored and the application will be processed under Direct Plan.

Further, where application is received for Regular Plan without Distributor code or “Direct” mentioned in the ARN Column, the application will be processed under Direct Plan.The default option under the Regular or Direct Plan of the Scheme, as the case maybe, shall be applied accordingly.

Funds at a Glance WEALTH SOLUTIONS VIII SCHEME PLAN/OPTION (which continue for fresh subscription) DEFAULT OPTION** MINIMUM INVESTMENT AMOUNT EXIT LOAD For redemption-switch out consider from the date of allotment. PLAN^ OPTION Aditya Birla Sun Life Midcap Fund Regular Plan Dividend (Payout / Reinvestment / Sweep) Growth (Growth with Triggered Facility) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Aditya Birla Sun Life Small Cap Fund Regular Plan Dividend (Payout / Reinvestment) Dividend Payout ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Pure Value Fund Regular Plan Dividend (Payout/ Reinvestment) • Choice of Plan : Growth • Choice of Option : Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life Manufacturing Equity Fund Regular Plan Dividend (Payout & Reinvestment) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil.

Direct Plan Aditya Birla Sun Life Banking and Financial Services Fund Regular Plan Dividend (Payout/ Reinvestment) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Aditya Birla Sun Life Dividend Yield Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Growth Dividend Reinvestment ` 1,000/- In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.

Any redemption in excess of the above limit shall be subject to the following exit load: For redemption / switch-out of units on or before 365 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 365 days from the date of allotment: Nil. (w.e.f. May 15, 2017) Direct Plan Aditya Birla Sun Life Infrastructure Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Growth Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f.

May 15, 2017) Direct Plan Aditya Birla Sun Life Digital India Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life India GenNext Fund Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life International Equity Fund (Plan A) Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Growth Aditya Birla Sun Life International Equity Fund (Plan B) Regular Plan Dividend (Payout/ Reinvestment/Sweep) Dividend Reinvestment ` 1,000/- within 365 days/1% of applicable NAV.

Direct Plan Growth Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) Regular Plan Dividend (Payout / Reinvestment /Sweep) Growth Growth / Reinvestment ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV. For redemption/ switch out of units after 365 days from the date of allotment: Nil (w.e.f. May 15, 2017) Direct Plan Aditya Birla Sun Life Global Commodities Fund Regular Plan Dividend (Payout/ Reinvestment) Dividend Reinvestment ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - Nil Direct Plan Growth Aditya Birla Sun Life Global Real Estate Fund Regular Plan Dividend (Payout / Reinvestment) Growth Dividend Reinvestment ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - Nil Direct Plan Aditya Birla Sun Life Gold Fund Regular Plan N/A N/A ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV For redemption/ switch out of units after 365 days from the date of allotment: Nil **Exit Load is NIL for units issued in Bonus & Dividend Reinvestment Direct Plan Aditya Birla Sun Life Asset Allocator Multi Manager FoF Scheme Regular Plan Dividend (Payout/Reinvest- ment) Dividend Reinvest- ment ` 1,000/- If redeemed on or before 365 days from the date of allotment - 1% - if redeemed after 365 days from the date of allotment - Nil Direct Plan Growth Aditya Birla Sun Life Financial Planning FOF - Aggressive Plan Regular Plan Dividend (Payout/Reinvest- ment) Dividend Reinvest- ment ` 1,000/- ` 1,000/- For redemption/switch out of units within 365 days from the date of allotment: 1.00% of applicable NAV.

For redemption/ switch out of units after 365 days from the date of allotment: Nil Direct Plan Growth Pursuant to SEBI circular nos. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read with circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 04, 2017 on “Categorization and Rationalization of Mutual Fund Schemes”, certain Schemes of Aditya Birla Sun Life Mutual Fund (“the Fund”) have undergone changes in Name, Fundamental Attributes and Mergers (as applicable). For details, refer to Notices dated April 14, 2018 and April 28, 2018 available on the website of the Fund www.adityabirlasunlifemf.com

www.facebook.com/abcabslmf https://twitter.com/abcabslmf mutualfund.adityabirlacapital.com Name of Scheme This product is suitable for investors who are seeking*: Riskometer Aditya Birla Sun Life Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) long term capital growth and income • An open ended equity scheme investing in equity and equity related securities including the use of equity • derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Balanced Advantage Fund (An open ended Dynamic Asset Allocation fund) Capital appreciation and regular income in the long term • Investment in equity & equity related securities as well as fixed income securities (Debt & Money Market • securities) Aditya Birla Sun Life Equity Hybrid ‘95 Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments.) long term capital growth and income • investment predominantly in equity and equity related securities as well as debt and money market • instruments Aditya Birla Sun Life Index Fund (An open ended scheme tracking Nifty 50 index) long term capital growth • investments in stocks in line with Nifty 50 and / or in exchange traded derivatives on the Nifty 50 to generate • comparable returns, subject to tracking errors.

Aditya Birla Sun Life Frontline Equity Fund (An Open ended equity scheme predominantly investing in large cap stocks) Long term capital growth • investments in equity and equity related securities, diversified across various industries in line with the • benchmark index, Nifty 50 Aditya Birla Sun Life Focused Equity Fund (formerly known as Aditya Birla Sun Life Top 100 Fund) (An Open ended Large cap Equity Scheme investing in maximum 30 stocks) long term capital growth with exposure limited to a maximum of 30 stocks • investments in equity and equity related securities to form a concentrated portfolio • Aditya Birla Sun Life Equity Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks) long term capital growth • investments in equity and equity related securities • Aditya Birla Sun Life Equity Advantage Fund (An open ended equity scheme investing in both large cap and mid cap stocks) long term capital growth • investments in equity and equity related securities • Aditya Birla Sun Life MNC Fund (An open ended equity scheme following the MNC theme in its investments) long term capital growth • investments primarily in equity and equity related securities of multinational companies (MNCs) • Aditya Birla Sun Life Midcap Fund (An open ended equity scheme predominantly investing in mid cap stocks) Long term capital growth • Investments primarily in mid cap companies • Aditya Birla Sun Life Small Cap Fund (formerly known as Aditya Birla Sun Life Small & Midcap Fund) (An open ended equity scheme predominantly investing in small cap stocks) Long term capital growth • Investments primarily in Small cap companies • Aditya Birla Sun Life Pure Value Fund (An open ended equity scheme following a value investment strategy) long term capital growth • investments in equity and equity related securities by following value investing strategy.

• Aditya Birla Sun Life Manufacturing Equity Fund (An open ended equity scheme following in the Manufacturing theme) long term capital growth • investments in equity and equity related securities of companies engaged in manufacturing sector. • Investors understand that their principal will be at High risk Aditya Birla Sun Life Banking and Financial Services Fund (An open ended equity scheme investing in the Banking & Financial Services sectors) long term capital growth • Investments in equity and equity related securities of companies engaged in banking and financial services • Aditya Birla Sun Life Dividend Yield Fund (formerly known as Aditya Birla Sun Life Dividend Yield Plus) (An open ended equity scheme predominantly investing in dividend yielding stocks) long term capital growth • investments in equity and equity related securities of companies having relatively high dividend yield • Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Infrastructure Fund (An open ended equity scheme investing in infrastructure sector) long term capital growth • investments in equity and equity related securities of companies that are participating in the growth and • development of Infrastructure in India Investors understand that their principal will be at High risk Aditya Birla Sun Life Digital India Fund (formerly known as Aditya Birla Sun Life New Millennium Fund) (An open ended equity scheme investing in the Technology, Telecom, Media, Entertainment and other related ancillary sectors) long term capital growth • Investments in equity and equity related securities with a focus on investing in Technology, Telecom, Media, • Entertainment and other related ancillary sectors.

Aditya Birla Sun Life India GenNext Fund (An open ended equity scheme following Consumption theme) long term capital growth • investments in equity and equity related securities of companies that are expected to benefit from the rising • consumption patterns in India fuelled by high disposable incomes Aditya Birla Sun Life International Equity Fund-Plan A (An open ended equity scheme following international theme by investing predominantly in Global Equities) long term capital growth • investments predominantly in equity and equity related securities in the international markets • Aditya Birla Sun Life International Equity Fund-Plan B (An open ended equity scheme following international theme by investing in Global Equities and also Indian Equities) long term capital growth • investments in equity and equity related securities in the domestic market (65 to 75%) and in international • markets (25 to 35%) Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan (GAP) (An open ended equity scheme following the global agriculture theme) long term capital growth • investments in stocks of Agri commodity companies, i.e., companies engaged in or focusing on the Agri • business, whether issued in India or overseas Aditya Birla Sun Life Global Commodities Fund (An open ended fund of funds scheme investing primarily in units of global mutual funds which invest in commodity related securities) Capital appreciation in the long term • Investment in units of global mutual funds which invest in commodity related securities • Aditya Birla Sun Life Global Real Estate Fund (An open ended fund of funds scheme investing predominantly in Global mutual funds that invest in real estate securities) Capital appreciation in the long term • Investment predominantly in units of Global Fund investing in Companies engaged in Real Estate Sector • Aditya Birla Sun Life Gold ETF (An open ended scheme tracking physical price of Gold) returns that are in line with the performance of gold over long term, subject to tracking errors.

• investments in physical gold of 99.5% purity (fineness) • Investors understand that their principal will be at Moderately High risk Aditya Birla Sun Life Gold Fund (An open ended fund of funds scheme investing in Aditya Birla Sun Life Gold ETF) returns in line with performance of Aditya Birla Sun Life Gold ETF (BSL GETF) over long term • investments predominantly in units of Aditya Birla Sun Life Gold ETF. BSL GETF invests in physical gold of • 99.5% purity (fineness) Aditya Birla Sun Life Asset Allocator Multi Manager FoF Scheme (An open ended fund of funds scheme investing predominantly in equity funds, debt funds & liquid funds) Capital appreciation in the long term • Investment in portfolio of equity and debt funds • Aditya Birla Sun Life Financial Planning FOF - Aggressive Plan (An open ended fund of funds scheme investing in a portfolio of mutual fund schemes (predominantly in Equity Funds) Capital appreciation through strategic asset allocation which is based on satisfying the needs to a specific • risk-return profile (Aggressive) of investors in the long term Investment in portfolio of mutual fund schemes (predominantly in equity funds) • *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Product Labelling Disclosures IX